i also intend to apply for pr...but heard its not gonna be favorable for any applicant towards year end due to quota..

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.

too bad, very headache for malaysian pr working in singapore that intends to buy property other than private/landed...

Options available and the underlying risk with it.

1) transfer the name to parents and i will need to fork out more down payment due to existing loan that will served by older age people or other unforeseeable risk as mentioned by sean tang

2) transfer to sibling and u will need to be ready to fork extra 30% down payment due to LTV of 70% if ur sibling already owned 2 property or other unforeseeable risk as mentioned by sean tang

3) apply thru company and u will only be able to apply up to LTV 60% of the property value. (Source :http://www.propertyguru.com.my/property-forum/if-i-am-using-a-company-to-buy-a-residential-prope-17969) AND to expect extra legal fee, and other associated fee as mentioned by sean tang.

4) just keep quiet and declare that u owned 0 property in overseas in the hdb application form.

Its very unfair for those people who bought a small flat or a single storey house for their parents to stay or for those people for try to buy before the property price keep on increasing. any thought about the above mentioned alternatives? anybody else have any other best idea of all?

Based on a property valued at rm400k, the estimated amount could be:

1 7000
2 3250
3 80 (estimated)
4 300 (estimated)
5 3250
6 2000
7 300 (estimated)
8 300 (estimated)
9 8000 (estimated @ 2% for MRTA and due to non transferable title ownership for MRTA)
10 (blank, not sure)
11 200
24680[I][U]


a whopping 20k plus + your 20-30% downpayment (which i have estimated to be a more favourable amount) equals to almost RM100K and not forgetting if u intend to buy a resale flat in Singapore, i'm afraid by the time u take this course of action, there goes your down payment amount for your Singapore property.

Please not that the above does not include accounting fee, audit fee, ROC start up fee, secretary fee, tax fee. Most of laymen people will seek for such services as they are not well verse in this area AND the process and fee on striking of the company if u find the company of no use anymore.


Notes:

1. Stamp duty for transfer of ownership title (also known as memorandum of transfer or MOT) = 1% for the first RM100,000; 2% on the next RM400,000, and 3% on the subsequent amount.

2. Sale & Purchase Agreement (“SPA”) legal fees = 1% for first RM150,000 and 0.7% of remaining value of property within RM1 million

3. Stamping for SPA = Less than a hundred Ringgit

4. SPA legal disbursement fee = A few hundred Ringgit

5. Loan facility agreement legal fees = 1% for first RM150,000 and 0.7% of remaining value of loan within RM1 million

6. Stamp duty for loan = 0.5% of loan amount

7. Loan Facility Agreement legal disbursement fee = A few hundred Ringgit

8. Fee for transfer of ownership title = A few hundred Ringgit

9. Mortgage Reducing Term Insurance (ie. think of it as a life insurance for your home loan) = RM1,000 or more (some banks waive this amount)

10. Government Tax on Agreements = 6% of total lawyer fees

11. Bank processing fee for loan = RM200

(Source : http://www.starproperty.my/index.php/artic...e-in-malaysia/)

yup..and the company will file IR21 for u (source :http://www.iras.gov.sg/irasHome/page04.aspx?id=8896)

and you can check everything that u need to know from IRAS.

LOL....the latest date i can buy at rm99 is on 23.1.14 (cny falls on 31.1.14 and 1.2.14 in 2014). who wanna waste so many days leave... haha

anybody know how to access to hitz fm? beginning this year most of the online radio streaming in Malaysia can only be access from Brunei and Malaysia. So darn sad.

http://apps.radioactive.sg/amp/public/hitz/

lol...u kuat mah....only <10% of malaysian in sg can do that...

Hi guys...i would like to get a singapore driving license...However, i understand that after getting a singapore licence, JPJ malaysia will then automatically revoke your malaysia driving license..

how will this affect me if i should decide to go back Malaysia permanently? will i nid to retake Malaysia license again or no nid? I also understand Singapore driving license is a lifetime validity after fulfilling certain requirement...

wow...asked my remittance agent and the rate today is 2.50!

normally i transfer to their dbs current account and they will do the necessary arrangement and charge only sgd10 as service charge. anybody know if there is any other of such money remittance agent where they willing to receive the money via online?

http://www.todayonline.com/business/ringgi...gapore-dollar-0

On Monday, the ringgit hit 2.5485 against the Singapore dollar, its weakest point in 15 years.