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Let's Talk Properties. The Q&As, What would you like to know?
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TSYeohKW
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Nov 21 2021, 12:42 AM
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Getting Started

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QUOTE(keelim @ Nov 20 2021, 10:07 PM) Under 3rd party loan, if the borrower’s name is not in the SPA, does the Borrower enjoy stamp duty waiver on loan agreement under HOC? Most bank will required borrower name to be listed in SPA nowadays.
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TSYeohKW
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Nov 21 2021, 10:46 PM
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Getting Started

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QUOTE(keelim @ Nov 21 2021, 12:03 PM) Hi - could anyone shade some light? For MRTA, if u refinance, there’s a chance the bank u refinancing with will require you to get another insurance to cover the loan
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TSYeohKW
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Jan 5 2022, 04:09 PM
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Getting Started

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QUOTE(chriskk @ Dec 28 2021, 12:23 PM) Hi sifu, can ask about the stamp duty exemption (property <500k) for first home buyer - I've never purchase property before but my parents recently transfer their house ownership to me. Will I be eligible for the stamp duty exemption if I transfer the ownership of the inherited home to my sibling and then after that buy my first property? As long as you got any residential property under your name, irregardless one you bought or inherited, you will no longer entitled for first home buyer benefits
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TSYeohKW
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Mar 9 2022, 05:32 PM
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Getting Started

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QUOTE(WoodStock @ Mar 9 2022, 12:15 AM) I have an apartment which still on master title. I received letter from the developer to do MOT last year, it cost about RM10k... To my luck, I manage to sell the apartment. In this case, do I still need to do the MOT (RM10k)?? Could the property transfer MOT directly done with the new owner please? Hope sifu here can advise please My colleague just completed dealing with such case. Not sure where you are located but in Sabah the answer is no. They wanted existing owner to pay for it first so their lawyer can transfer to the owner. Then only can transfer to the new purchaser.
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TSYeohKW
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Mar 25 2022, 10:53 PM
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Getting Started

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QUOTE(OldSchoolJoke @ Mar 25 2022, 10:31 PM) seeing many leasehold properties now is there anyway for government to take back before the contract end? Normally govt won’t simply take it back unless there’s a need to upgrade the infrastructure in the area and there’s no other option available. Else the tenure of the title can be extended. And FYI, even if it’s freehold, govt can still take it back if they need to build infrastructure on the land.
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TSYeohKW
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Mar 27 2022, 09:27 AM
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Getting Started

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QUOTE(OldSchoolJoke @ Mar 25 2022, 11:25 PM) do government pay back when taking back? if yes, is it by percentage or? Yes. There will be compensation based on the valuation done by JPPH. But exact amount then not sure.
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TSYeohKW
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Apr 25 2022, 10:40 PM
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Getting Started

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QUOTE(mini orchard @ Apr 11 2022, 04:51 PM) If developer oredi bankrupt and no strata title, who is managing the place ? Normally when developer declared bankrupt, there will be a liquidator assigned to handle all the sales transfer for the project. It will take longer time to get consent from them. However, if it’s an old project that has been completed more than 10 years ago, some bank will no longer finance it. Try ask your banker if they still finance properties older than 10 years old without strata title issued
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TSYeohKW
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Apr 25 2022, 10:42 PM
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Getting Started

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QUOTE(mini orchard @ Apr 12 2022, 12:37 PM) That is good for all owners. As for the signatory, I suggest you do it asap as it will take time to complete. Once you have a buyer later, there will be no delay. Approach a lawyer if you decide to proceed. True. It will take time to transfer from the deceased to the next kin, especially if there’s no will
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