Financial The Zest at Puchong Kinrara, Pls update the latest news ^_^
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 Jul 21 2009, 10:24 PM
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Senior Member
1,743 posts Joined: Jan 2003  
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QUOTE(AudiA6 @ Jul 21 2009, 05:25 PM) Baiduri Courts is 99% completed now. I suppose the developer will hand over within these few months. how many units you whack over there? Hopefully can get at least 30% appreciation on this property.    |
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Jul 21 2009, 11:46 PM
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Junior Member
415 posts Joined: Feb 2006
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QUOTE(kimhoong @ Jul 21 2009, 03:50 PM) Issue: » Click to show Spoiler - click again to hide... « dude, epf will issue cheque to you directly SA will not know anything bout ur EPF unless you tell them. Like my plan I will only withdraw the money 2 years later so I have more money in EPF to withdraw for renovation. This is my trick.....  |
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Jul 22 2009, 09:05 AM
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Senior Member
1,743 posts Joined: Jan 2003
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first withdrawal from EPF is paid directly to your name. so, it does not matter to the developer. unless where the withdrawal is part of the 10% that is needed to be given to them.
for your case, the first 10% is being paid by EPP 12mths thru your CC. so, it is no issue. |
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Jul 22 2009, 09:55 AM
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Junior Member
115 posts Joined: Jun 2009
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QUOTE(brutus @ Jul 21 2009, 10:24 PM) how many units you whack over there? Bro, one only lah. i am just a "tar kong chai"  Added on July 22, 2009, 10:01 am QUOTE(Hengjones @ Jul 21 2009, 06:18 PM) Its ok to start paying interest cos next year v can declare to the income tax dept on the amount of interest which v have paid for refund. Unless this is not your first purchase of residential property for own stay. Assuming you pay RM 100 for interest, you will only be able to claim back RM 27 (if you are earning >RM250k p.a and taxed at the rate of 27%). So i think we still lose out. Therefore, the later the interest payment commence is better. This post has been edited by AudiA6: Jul 22 2009, 10:01 AM |
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Jul 22 2009, 10:08 AM
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Elite
5,154 posts Joined: Jan 2003
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QUOTE(paul5005 @ Jul 21 2009, 11:46 PM) dude, epf will issue cheque to you directly SA will not know anything bout ur EPF unless you tell them. Like my plan I will only withdraw the money 2 years later so I have more money in EPF to withdraw for renovation. This is my trick.....  QUOTE(brutus @ Jul 22 2009, 09:05 AM) first withdrawal from EPF is paid directly to your name. so, it does not matter to the developer. unless where the withdrawal is part of the 10% that is needed to be given to them. Yes, by right it should so but unfortunately, the SA told that I am not "eligible" for EPP 12 months payment because I withdraw EPF for the 10% downpayment - which is said to be the requirement for the package/scheme. for your case, the first 10% is being paid by EPP 12mths thru your CC. so, it is no issue. I'm going over to the office this Sunday to talk about this with the boss since my SA could not help me much (as he said this is decided by his boss). Meanwhile, I'll see if I could snap some photos of the construction site to share. |
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Jul 22 2009, 10:16 AM
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Junior Member
334 posts Joined: Feb 2009
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The SA is telling craps.
I paid my 10% downpayment but part of it, i paid RM5000 by Credit Card. Make sense.... I think they want to get more cash... |
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Jul 22 2009, 10:36 AM
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Junior Member
24 posts Joined: Apr 2009
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QUOTE(AudiA6 @ Jul 22 2009, 09:55 AM) Bro, one only lah. i am just a "tar kong chai" Hi bro,Added on July 22, 2009, 10:01 am Assuming you pay RM 100 for interest, you will only be able to claim back RM 27 (if you are earning >RM250k p.a and taxed at the rate of 27%). So i think we still lose out. Therefore, the later the interest payment commence is better. May I know how's the interest vs tax calculation being made? Or any sites that i can find more information about it? Many thanks. Going to collect my S&P from the lawyer today. Hmm, i guess the next step is to wait for the interest payment, which is about to commence very soon. |
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Jul 22 2009, 11:26 AM
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Junior Member
115 posts Joined: Jun 2009
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QUOTE(rogerdat @ Jul 22 2009, 10:36 AM) Hi bro, The interest paid will be claimed as a tax deduction. May I know how's the interest vs tax calculation being made? Or any sites that i can find more information about it? Many thanks. You may refer the following for link for more info. http://thestar.com.my/news/story.asp?file=...&sec=minibudget |
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Jul 22 2009, 11:30 AM
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Senior Member
878 posts Joined: Jun 2009
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QUOTE(kimhoong @ Jul 22 2009, 10:08 AM) Didn't know the tricks back then It doesn't make sense for the developer to press this against you. If you want to withdraw from EPF for your housing, you'll needYes, by right it should so but unfortunately, the SA told that I am not "eligible" for EPP 12 months payment because I withdraw EPF for the 10% downpayment - which is said to be the requirement for the package/scheme. I'm going over to the office this Sunday to talk about this with the boss since my SA could not help me much (as he said this is decided by his boss). Meanwhile, I'll see if I could snap some photos of the construction site to share. 1) Facilities Agreement (complete bank loan doc once all the loan stuff are done) - which you'll not have right now 2) S&P doc - which you'll not have right now too Both of these important docs to get your EPF money out for your housing isn't ready yet. Complete S&P alone (signed by the developer) isn't ready for a start, so how is the developer expect you to pay 10% via your EPF when you can't get them ? This is chicken and egg situation and the developer very well know what is the requirement to get the EPF $ out. Go to EPF website , print the doc requirement and throw it at the developer. |
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Jul 22 2009, 12:05 PM
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Senior Member
1,479 posts Joined: Dec 2008
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QUOTE(kimhoong @ Jul 22 2009, 10:08 AM) Didn't know the tricks back then Bro, den u tell the SA u decided to use credit card and not withdrawing EPF anymoreYes, by right it should so but unfortunately, the SA told that I am not "eligible" for EPP 12 months payment because I withdraw EPF for the 10% downpayment - which is said to be the requirement for the package/scheme. I'm going over to the office this Sunday to talk about this with the boss since my SA could not help me much (as he said this is decided by his boss). Meanwhile, I'll see if I could snap some photos of the construction site to share. then u go and withdraw EPF urself after u got ur SNP ... c it works or not  |
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Jul 22 2009, 02:57 PM
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Junior Member
9 posts Joined: Mar 2008
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QUOTE(lakini80 @ Jul 22 2009, 10:16 AM) The SA is telling craps. me too...I paid my 10% downpayment but part of it, i paid RM5000 by Credit Card. Make sense.... I think they want to get more cash... I paid RM3000 as installment by CC and RM2000 as full payment by another CC also, allthough I can pay 10% downpayment fully using my EPF withdrawal. you can tell them ur EPF is not enough for the 10% downpayment , so you need to pay part of it using CC... I think they won't know how much that you can withdraw from ur EPF... |
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Jul 22 2009, 04:59 PM
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Senior Member
662 posts Joined: Jan 2003
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as a matter of interest (or rather concern) to puchong folks
http://bolehlandconstruction.blogspot.com/...ange-major.html |
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Jul 22 2009, 05:07 PM
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Junior Member
24 posts Joined: Apr 2009
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QUOTE(AudiA6 @ Jul 22 2009, 11:26 AM) The interest paid will be claimed as a tax deduction. Thanks AudiA6.You may refer the following for link for more info. http://thestar.com.my/news/story.asp?file=...&sec=minibudget RM 10k / year on the interest rates for 3 consecutive years. Hmm, will our annual interest for Zest property reach RM 10k / year? Let say bank monthly installment averages to RM 1.2k and half goes to interest: 0.6 * 12 = RM 7.2k / year. We still have a balance of RM 2.8k not utilised eh. Not sure if my rough calculation makes sense tough  |
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Jul 22 2009, 06:26 PM
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Senior Member
1,743 posts Joined: Jan 2003
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QUOTE(AudiA6 @ Jul 22 2009, 09:55 AM) Bro, one only lah. i am just a "tar kong chai" good for you!  now regretted not whacking one unit back then. at that time can get on the 3rd floor and nice view some more.... |
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Jul 22 2009, 08:22 PM
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Junior Member
20 posts Joined: Jul 2009
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wondering any1 received their loan statements oledi
OCBC oledi sent me the statements.. but no transactions... |
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Jul 22 2009, 09:51 PM
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Senior Member
1,743 posts Joined: Jan 2003
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QUOTE(Doraemon001 @ Jul 22 2009, 08:22 PM) wondering any1 received their loan statements oledi thats OCBC's half yearly statement reflecting Jan-Jun 2009 transaction. OCBC oledi sent me the statements.. but no transactions...  |
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Jul 23 2009, 08:58 AM
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Junior Member
61 posts Joined: Mar 2009
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Hi would like to check those who take the OCBC loan, did you guys loan amount is it seperate to two one is for your unit and one is for you car park let say you get the loan amount of 180K then they will seperate the 25K for your car park loan and 155K for your unit loan.
So when make the payment you need to make 2 type payment in one lumsum like 155K = RMxxx +25K = RMxxx but then the car park payment just can do on 10 years period only? So please help to clarify it ya those abang and sister here. Thousand thanks for you guys This post has been edited by firekids: Jul 23 2009, 08:59 AM |
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Jul 23 2009, 10:22 AM
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Junior Member
115 posts Joined: Jun 2009
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QUOTE(firekids @ Jul 23 2009, 08:58 AM) Hi would like to check those who take the OCBC loan, did you guys loan amount is it seperate to two one is for your unit and one is for you car park let say you get the loan amount of 180K then they will seperate the 25K for your car park loan and 155K for your unit loan. OCBC loan is separated into two and they only finance the car park up to 10 years.So when make the payment you need to make 2 type payment in one lumsum like 155K = RMxxx +25K = RMxxx but then the car park payment just can do on 10 years period only? So please help to clarify it ya those abang and sister here. Thousand thanks for you guys It is the main reason why i chose from RHB. Everything is under 1 loan and only 1 tenor. |
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Jul 23 2009, 10:37 AM
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Junior Member
61 posts Joined: Mar 2009
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QUOTE(AudiA6 @ Jul 23 2009, 10:22 AM) OCBC loan is separated into two and they only finance the car park up to 10 years. Thanks for the reply ya, 2 bad RHB reject my applicationIt is the main reason why i chose from RHB. Everything is under 1 loan and only 1 tenor. This post has been edited by firekids: Jul 23 2009, 10:38 AM |
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Jul 23 2009, 11:19 AM
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Senior Member
1,743 posts Joined: Jan 2003
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QUOTE(AudiA6 @ Jul 23 2009, 10:22 AM) It is the main reason why i chose from RHB. Everything is under 1 loan and only 1 tenor. CIMB is also the same.  |
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