Lowyat.NET: Latest topics by Smoothpow

Road tax issue for Malaysian turned Singaporean

Smoothpow — Mon, 08 Jan 2024 12:25:44 +0800

Hi, I am a Malaysian who has changed citizenship to Singapore a couple of years back. But i still have a Malaysian registered car which i bought long ago and it is currently being used by my dad who is still in Malaysia. I recently renewed my road tax and insurance through TouchNGo app and purchased digital road tax but there is no physical road tax sticker. I tried to register for MyJPJ app but as i am no longer a Malaysian, i am unable to do so. My dad now dont dare to drive out my car without the physical road tax sticker and i dont have the digital road tax. Does anyone encounter this issue and can i assume my road tax is already renewed?

Can i charge lawyer/banker for delay in purchase?

Smoothpow — Mon, 17 Jul 2023 16:46:08 +0800

I signed SPA for a freehold subsale landed property in Jan and partial loan repayment was done in May. But last week i just got the keys. There was a 1.5months gap between partial disbursement and final disbursement. Is it normal and if the delay is due to my lawyer/banker, can i charge the progressive interest to them?

How to solve contract entered with ex

Smoothpow — Sun, 28 May 2023 18:44:23 +0800

Hi, I need some legal advice. A few years back right before covid, I purchased a wedding photo package with my ex-gf. Unfortunately we broke up and currently she is already married with 1 kid and I am going to get married soon.

The package is RM 5k and I have paid RM 2.5k. Back then when I called the studio and said we broke up, they said that I can use the package in the future. Both our names are on the agreement but only I signed since I paid for the package using my credit card. Since it has been so many years, the agreement is lost but the studio has a softcopy of it. The agreement did mention that this package is not refundable or transferable. So I have some questions on whether I can use this package with my new gf:

1) the studio said that I must bring the hardcopy agreement. If not I totally can't use it. But since they have the softcopy, is it true I can't use it without the hardcopy?

2) the studio said that the agreement has my ex name so I need to ask my ex to inform the studio that she is willing to let me use it. This is not an option for me. Even though the agreement has both our names, but the signatory and payment made was only by me. Doesn't this mean that the contractual obligation is only between the studio and me, which doesn't involve my ex. So technically I am not transferring the agreement, only amending the detail?

The studio is worried that my ex can come back and sue them. But this will not happen since she has already married and has kids. She is not even in Malaysia. I need some advice as the money paid is very significant for me...

Renting out property without agent

Smoothpow — Sat, 15 Sep 2018 20:39:28 +0800

I have a few questions regarding renting out property:

1) if I find tenant without agent, how do I prepare a tenancy agreement? can I use the previous agreement as a guide?

2) Is stamping really necessary if both parties already sign the tenancy agreement and I think the tenant is a good tenant.

3) Do room rental less than RM 900 need to prepare tenancy agreement and stamping? How much is the treshold before tenancy agreement and stamping is needed?

Freehold bumi lot

Smoothpow — Thu, 16 Aug 2018 19:03:12 +0800

Can non bumi buy a freehold bumi lot? Does it affect anything?

Property talks and seminars

Smoothpow — Fri, 03 Aug 2018 21:06:01 +0800

I saw there are a few talk and seminars on how to invest in properties and own more than 10 properties in 2 years or something like that. Are these seminars really good? Is it even possible to own more than 10 properties in 2 years?

Are leasehold properties bad investment?

Thu, 01 Jan 1970 07:30:00 +0800

Are leasehold properties bad investment?

Smoothpow — Thu, 12 Jul 2018 01:03:38 +0800

I'm planning to buy a leasehold condo as an investment, rent it out and hope for capital appreciation in the future. But everyone is telling me leasehold is not a good investment. Will leasehold really affect the property value significantly? Do homebuyers ignore leasehold properties?

Loan disbursement

Smoothpow — Wed, 04 Jul 2018 20:11:32 +0800

I am currently in the process of purchasing my first property which is a new freehold condo. I have signed the SPA, loan agreement and the valuer has just finished valuing the property.

Usually how long does it take from here until i can move in? If i chase the bank will they be faster or i cant do anything to speed up the process?

Door lock for condo

Smoothpow — Wed, 04 Jul 2018 20:05:25 +0800

I am staying at a condo and planning to do rental. I am planning to change my door lock to the electrical lock with password. Anyone tried before? Is it really good? Is it easy to hack in or i just watch too much movies?

What about those electrical locks that is connected to the phone. Is it safe?

Signed bank offer letter but didn't sign S&P

Smoothpow — Tue, 29 May 2018 10:14:46 +0800

Hi guys,

I have signed bank loan offer letter but my S&P will only be done in 1 or 2 weeks time. Is there any penalty if I don't sign S&P within a timeline? What if the owner in the end decided not to sign the S&P?

Question on loan application

Smoothpow — Sun, 29 Apr 2018 19:23:22 +0800

Can someone explain what is the payment timeline for buying a sub-sale property?

After paying the 2% earnest deposit, when do i need to pay:

a) Remaining 8%
b) Legal and stamp duty
c) Loan legal and stamp duty
d) Any other fees?