what a headache..i plan to buy hdb resale but i cant do so cos i am not allowed to hold any foreign property....this strict rule is killing a lot of people..in the event if hdb found out, ur hdb may risk of being repossessed.

Sell off everything in Malaysia, or just risk it lor. Same thing as how PR's are not allowed to rent out whole HDB, or Singaporeans can't rent out whole unit before MOP, but so many people do that "lock one room" wayang anyway.

all the thing i do it in black and white only the non company policy, but when come to the not company policy issue, they can easily say after review and feel that no necessary increment needed. so far, only the initial increment issue bugged me, the rest still ok.

One can always transfer the name to a family member.
I know my friends do it that way.

if they say so, then it's your choice to stay or to leave
you have the option too

Ya, you are right, but i choose to stay then i shall live with my choice and move on.

That's an option... but not 100% foolproof.

If your family member happens to be not very wise with their financial management, gambler etc... then you might one day find that there's nothing left of your house except for an apology.

It may also be not so drama... but let say you transfer to your sibling, and he/she unfortunately passes without leaving a will, then that property goes to his/her spouse... who may or may not be as straightforward as your sibling. Attitude of in-laws notwithstanding, without a will, the property will be stuck for quite a while the courts work out the details. Worse is your in-law also passes (car accident etc), then the property will be shared amongst the parents and siblings of both your sibling and your in-law. Then good luck trying to get it back.

If it were me... I'd set up a Sdn Bhd, sell the property to the company, and issue the shares back to me. Then I technically own a property company, not a property. If you want to be ultra safe... (maybe HDB's lawyer in Malaysia is conscientious enough to do both a title search AND a company search), then issue the shares to your parents or siblings and amend the M&A and AA that upon the death of a shareholder, the shares will be automatically distributed to the remaining shareholders.

ok...that nvr came into my mind at all.

The government is seeing that rule to help those people who intend to settle down in SG to get a HDB. If not the price will go up more with more demand in the market.

You want to fight over the house with your family members until become enemies if they suddenly turn against you because of a HDB flat? If me I will only pass it to my children or parents, then only husband and siblings.

This tip sounds very familiar hehehe...

Kekeke, must read the rules properly.. Residential property.. U still can have "commercial" properties so buy residential unit with commercial title..

1 is trust.. 2nd is cost of transfer.. Rpgt?

You're very right on the top part.. But as for d coy.. D cost of maintaining a coy, esp sdn bhd can be very high.. Which sometimes is more than your yield.. If u have multiple properties then it is worth it

Don't forget financing too.. Will bank finance a shell coy?

Just annual financial statements and audit for the ROS annual return. Besides that an annual tax return. Maybe because I was from the industry... will take me about 2-3 hours to do everything except the audit (which I can get any number of friends to sign off).

With you as the personal guarantor, yes.

Good idea. Will explore this. At least I have an option n no need to sell away those investment without a good gain.

Yes. Residential properties n not commercial. That's also another choice by buying commercial properties instead of residential.

Sean, sounds like you are in the financial planning / wealth management industry. I've seen this arrangement done for many HNW families - especially useful in cases where assets are to be vested to a number of beneficiaries.

IMHO, the cost is acceptable given the risks that it mitigates.

Unless it's a singapore company, then you can make it an exempt private company then u don't have to audit..

well, according to my friend if u have multiple properties then it is worth it, if not then not... also dont forget any rental have to declare for sure.. RPGT? diff between individuals and entity?

http://incometax.my/law/RPGT_Guides.htm long read...

the best is to buy residential with commercial title.. but of course certain cost will be higher.. utilities.. etc etc

depending on how much is the cost.. sometimes significant.. havent done any research yet... maybe myr1-3k p.a.

corp serv fees?

This post has been edited by RabbitS: May 30 2013, 07:19 PM

Urgent... Please advise on where to collect my EP. Should I go to "Work permit service centre" at Tanjong Pagar Keppel Rd or "Employment pass service centre" at Upper Circuit Rd? HR inform me that MOM has been approved my EP application on today. Is that I must go down to sg and collect my EP within 7 working days start on the aprroved date by MOM?

Makes no difference to the decision. All this will apply equally even if you own the property personally as an individual.

ouch ...didnt know that roaming call so expensive ...
charge 30cents from digi per minit
another
charge 80cents from singtel per minit

learn another lesson ...izzit the same for u guys ???