QUOTE(Sky_Q @ May 30 2013, 10:50 AM)
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.
Kekeke, must read the rules properly.. Residential property.. U still can have "commercial" properties

so buy residential unit with commercial title..
QUOTE(crazy25kid @ May 30 2013, 11:20 AM)
One can always transfer the name to a family member.
I know my friends do it that way.
1 is trust.. 2nd is cost of transfer.. Rpgt?
QUOTE(seantang @ May 30 2013, 11:39 AM)
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.
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?