Hi Alex,

Your plan looks solid, I'd suggest changing your FD to a shorter term ie. 1 month and split it into 4 separate FDs.
This should give u enough liquidity. Next, withdraw your RM20K savings and dump em into category 3 ie. Dividend stocks, or if u prefer, your property fund.

The usual big names are all there for your choosing, banks etc.
Have a look at REITs. Prices have been falling recently.