A. Legal and Regulatory Framework
A.1 Legal and Regulatory Framework
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Basis of the legal system: Civil, Common, Islamic, Other? (Describe) | English Common Law | English Common Law | English Common Law | NYU Law | A.1.1 |
| Are there specific laws that deal with mortgages? | Yes | Yes | Yes | A.1.2 | |
| Registration/Transfer of titles: | A.1.3 | ||||
| Does the law clearly define different types of property rights? | Yes | Yes | Yes | A.1.3.1 | |
| Typical number of days needed for the transfer of title | 11.50 | 13.00 | 13.00 | WDI | A.1.3.4 |
| Are there legal constraints on mortgage features? | Yes | Yes | Yes | Cagamas | A.1.6 |
| Loan-to-Value cap | Yes | Yes | Yes | Cagamas | A.1.6.2 |
| Other | Yes | Yes | Yes | Cagamas | A.1.6.4 |
| Is there specialized legislation covering: | A.1.9 | ||||
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Is the lending side of the housing finance system subsidized? | Yes | Yes | Yes | Cagamas | B.1.2 |
| Shared credit risk through public/private mortgage insurance | Yes | Yes | Yes | Cagamas | B.1.2.1 |
| Guarantees for mortgage loans | Yes | Yes | Yes | Cagamas | B.1.2.2 |
B.2 Subsidies to Households
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| Are there subsidies to households on housing finance? | Yes | Yes | Yes | Research | B.2.1 |
| Buy-down of monthly/interest payments | Yes | Yes | Yes | Bank Simpanan Nasional | B.2.1.2 |
| Mortgage interest deductibility from income tax | No | No | No | B.2.1.5 | |
| Other | Yes | Yes | Yes | B.2.1.6 | |
| Reach of subsidies in 2.1.1 to 2.1.4 ? | B.2.2 | ||||
C. Taxation
| Variable | End of 2018 | End of 2017 | End of 2016 | Sources | Var ID |
|---|---|---|---|---|---|
| What taxes apply to Residential Real Estate? | C.1 | ||||
| Tax on property (home-owners) | Yes | Yes | Yes | Global Property Guide | C.1.1 |
| Property transaction taxes (purchase/selling) | Yes | Yes | Yes | MalaysiaHousingLoan.com | C.1.2 |
| Tax on capital gains on property | Yes | Yes | Yes | Global Property Guide | C.1.5 |