QUOTE(keelim @ Feb 20 2012, 04:32 PM)
1.How would Sg salary payslip/notice of tax assessment be assessed by the banks in Malaysia for property?
I guess it depends on ur company name. if it's ABC Pte Ltd, they may want to call up ur company to verify and verify the company's existence as well.
Banks has a lot of ways to verify, depends on the offier's intelligence, they can access ACRA and find ways to verify. In terms of information resourcefullness they are better than their govt. The govt might be stuck if u give them SG payslip, dunno wat to do.
2.To what extend does the currency exposure taken into account for leveraging purposes?
I dun think this is an issue, unless ur salary is border line. For e.g. ur pay SGD2k, but ur house instalment RM4k. If ur installment is RM1k like tat shoould be no problem. In fact ur installment is secondary, house value is primary. Unless ur not talking about residential prop. Commercial property would be a diff valuation / credit assessment.
3.Any additional collateral required for the loan or does the purchase has to be confined to specific towns (i.e. JB)?
Other than ur house and ur indemnity (i.e. personal guarantee), i dun think so. I dun think so confied to JB. Klang valley would be much much better.
4. In the event one has purchased a property (commercial/residential) in Msia (with or without the name signed on the dotted lines), how does this 'existing' property affects future purchases of Sg. public housing?
Not signed dotted line? SO technically one hat NOT purchase rite? Anyway, if I'm not mistaken, if u officially have a property (anywer) u cannot buy HDB, i think there's few months for u to dispose or transfer ur property out. After u buy HDB, i think u cannot buy properytu (anywer) for next 5 years.
5. Under specific clauses, is HDB authorized to expropriate the public housing if found statutory declaration was intentionally/unitentionally misrepresented by the owner?
I 'heard' yes, (or rather 'read' yes from forum)
Anyone has specific experience to share?
Not me. No $$$
The above is my opinion to ur question. I guess u shd buy a HDB first then buy a property in Msia the next 5 years. or temporary transfer ur property to other family members.
Added on February 21, 2012, 2:17 pmQUOTE(deodorant @ Feb 21 2012, 09:42 AM)
should be ok. my friend holds sleeping directorship in his family business for uh ... tax purposes (lol). when he started work in a bank in SG, they were OK with it as long as he signed some declaration forms & his manager & compliance approved. EP process not affected.
i think alaskan issue is whether 'WP' can hold directorship in SG, in addition to employment. and whether there any issue with MOM.
Banks declaration are only concern with MAS's concern on conflict of interest, not MOM.
Logically, there's a lot of foreign directors here, but dun think they are "WP", maybe EP.
Btw do they hold EP or something else?
Wat if they get director fee instead of director salary? are they employee, can get EP?
This post has been edited by Aloong: Feb 21 2012, 02:17 PM