Sale and Purchase with Economic Planning Unit Approval

Property Transactions Requiring Economic Planning Unit Approval

Where a property acquisition needs EPU approval, the approval pathway has to shape the agreement — not be discovered after the deposit is paid.

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  • Advocates & Solicitors
  • Offices in Kuala Lumpur & Johor Bahru
  • Confidential, no obligation
Akmal Saufi, PartnerAhmad Solehin Abd Ghani, PartnerNur Amira Syahira, Senior AssociateSiti Zubaidah Jemadi, Senior AssociateSiti Sarah Sarif, Senior AssociateMadihah Hisham, AssociateNur Afiqah Qasrina, AssociateKritigeswari P. Ramesh, AssociateHafiz Azhari Zamree, AssociateNur Ashsyifa' Aqila, Trainee Associate

Real lawyers, one team behind every matter

Who this is for

Sound familiar?

01

Buyers whose acquisition may dilute Bumiputera or government interests

02

Companies acquiring property where the shareholding triggers the requirement

03

Sellers dealing with a buyer who needs approval

04

Parties whose transaction has been told it requires EPU approval

05

Developers and corporate buyers structuring an acquisition

What's at stake

What is really at stake

  1. 01
    Certain property acquisitions in Malaysia require approval from the Economic Planning Unit before they can complete.The requirement turns on who is acquiring, what is being acquired, and whether the transaction dilutes Bumiputera or government interests.
  2. 02
    Parties often agree commercial terms first and treat approval as a formality to be handled by whoever prepares the documents.It is not a formality. Applications take time, conditions are frequently imposed, and some transactions cannot be approved in the form proposed at all.
  3. 03
    By the time this surfaces, a deposit has usually been paid against a completion date that assumed none of it.

In plain words

Sale and Purchase with Economic Planning Unit Approval

Documentation and advisory for property transactions requiring Economic Planning Unit approval — establishing whether approval is needed for your transaction, structuring the sale and purchase agreement around the approval condition, preparing and submitting the application, and dealing with conditions imposed.

What good looks like

Imagine a transaction where the approval requirement was identified before terms were agreed, the agreement is properly conditional, the timeline is realistic, and both parties know what happens if approval is refused or comes with conditions.

What you get

What we deliver

Scope and fee are agreed in writing before any work starts, so you know exactly what you are getting.

  1. 01

    Assessment of whether approval is required and on what basis

  2. 02

    Advice on likely conditions and realistic timeline

  3. 03

    Sale and purchase agreement structured around the approval condition

  4. 04

    Application prepared and submitted with supporting material

  5. 05

    Conditions handled through to completion

How we work

Clear from the first conversation

  1. 1

    Send a short request

    Tell us what the matter is about. It takes under a minute and stays confidential.

  2. 2

    Khalis sets a time with you

    We reply within 30 minutes in office hours to arrange your consultation, online or at our KL or JB office.

  3. 3

    Advice, then a written proposal

    You get a clear view of the issues and options, then a written scope and fee proposal.

  4. 4

    Work begins on the agreed scope

    Khalis leads the matter with a team of our lawyers, working to the scope you approved. You get regular updates at every key step.

Scope and fee in writingAgreed before any work starts. No open-ended billing surprises.
Online where it suits youMost work is done online. We meet in person when the law requires it.
Fast, direct repliesWithin 30 minutes during office hours, Mon–Fri 8:30am–5:30pm.

Who leads your matter

Led by Nur Khalis Johar Amin, supported by our team

Khalis leads your matter as Partner. Depending on the work, other lawyers in our team handle parts of it day to day, with Khalis overseeing the matter.

Nur Khalis Johar Amin

Nur Khalis Johar Amin

Partner, Messrs Akmal Saufi & Co

  • Advocate & Solicitor, Malaysia
  • Leads our Conveyancing & Corporate Commercial team
  • Focus: corporate real estate, property transactions and land matters

The team behind your matter

Meet the team →
Akmal Saufi, Partner
Akmal SaufiPartner
Ahmad Solehin Abd Ghani, Partner
Ahmad Solehin Abd GhaniPartner
Nur Amira Syahira, Senior Associate
Nur Amira SyahiraSenior Associate
Siti Zubaidah Jemadi, Senior Associate
Siti Zubaidah JemadiSenior Associate
Siti Sarah Sarif, Senior Associate
Siti Sarah SarifSenior Associate
Madihah Hisham, Associate
Madihah HishamAssociate
Nur Afiqah Qasrina, Associate
Nur Afiqah QasrinaAssociate
Kritigeswari P. Ramesh, Associate
Kritigeswari P. RameshAssociate
Hafiz Azhari Zamree, Associate
Hafiz Azhari ZamreeAssociate
Nur Ashsyifa' Aqila, Trainee Associate
Nur Ashsyifa' AqilaTrainee Associate

Who we have acted for

Organisations we have acted for

Federal government agencies & statutory bodies

Johor state bodies & local authorities

Government-linked companies

Private sector & NGOs

Shown with permission. Government agencies, statutory bodies and government-linked companies are identified as such. Their inclusion does not imply endorsement by any government, ministry or agency.

Next step

Request a consultation with Khalis

  1. 1Send a short request. It takes under a minute.
  2. 2Khalis reviews it and arranges a time with you.
  3. 3You get clear advice, then a written scope and fee proposal.

We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm

Your details stay confidential. Sending a request does not mean you have appointed us.

  • Licensed advocates & solicitors
  • Professional indemnity insured
  • Offices in KL & JB

Questions

Frequently asked questions

Still unsure? Send a short request and Khalis will tell you plainly whether and how we can help.

How do we know if our transaction needs approval?

It depends on the parties, the property and whether the transaction affects Bumiputera or government interests. The position should be confirmed for your specific transaction before terms are committed, not assumed from a previous deal.

How long does approval take?

It varies with the transaction and the completeness of the submission. We will give you a realistic indication for yours rather than a general figure.

What if approval is refused?

The agreement should provide for it, including what happens to the deposit. This is essential drafting, and it is the provision most often left out.

Can we complete before approval comes through?

Generally not, and attempting to can jeopardise the approval itself. We will advise on what can be done at each stage.

Is this the same as state consent?

No. They are separate requirements and a transaction may need both. We will confirm which apply to yours.

What is Legal That Works?

Legal That Works is a business and organisation oriented legal service designed by Messrs Akmal Saufi & Co (the firm that has brought the widely known legal consumer services brand ASCOLAW). We specifically help business owners and organisation leadership to navigate Malaysia’s legal terrain to achieve their commercial goals.

What if I’m not sure what legal service I need?

No problem. Most business owners aren’t legal experts. Just reach out and we will guide you to the right service or help you understand your options, without jargon or upselling.

Who will be helping me?

Your matter is led by Nur Khalis Johar Amin, Partner. Depending on the work, other advocates and solicitors in our team will handle parts of it day to day, with Khalis overseeing the matter. You will always deal with real lawyers, not chatbots or generic customer support.

Before you sign

The cost of waiting

Approval requirements should be identified before terms are agreed. Once a deposit is committed, the buyer carries the risk of an outcome nobody controls.

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We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm

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Legal That Works (Messrs Akmal Saufi & Co) is a Malaysian business friendly legal services firm providing services across multiple industries and practice area fuelling business growth and ambition.

All rights reserved. © Legal That Works is a legal service by Messrs Akmal Saufi & Co (Registration No. 00020004166). 2014-2026
Regulated by the Malaysian Bar Council under the Legal Profession Act 1976.

Legal That Works logo

Legal That Works (Messrs Akmal Saufi & Co) is a Malaysian business friendly legal services firm providing services across multiple industries and practice area fuelling business growth and ambition.

All rights reserved. © Legal That Works is a legal service by Messrs Akmal Saufi & Co (Registration No. 00020004166). 2014-2026

Regulated by the Malaysian Bar Council under the Legal Profession Act 1976.

Legal That Works logo

Advocates & Solicitors in Kuala Lumpur and Johor Bahru

Legal That Works logo

Advocates & Solicitors, KL and JB