Lowyat.NET: Latest topics by merce

[WTS] 2 storey shoplot - Da Men USJ

merce — Wed, 20 Nov 2013 15:51:24 +0800

2 storey shoplot in Damen USJ Subang for sale. Completion in years 2015.
build-up : 3579 sqf. freehold.facing Da Men Retail mall.

Asking RM 4.2mil nego. PM if interested.

Floorplans are available for serious buyer.

[WTS] Semi-D Factory (Semenyih)

merce — Sat, 16 Nov 2013 23:29:35 +0800

A newly completed 3 storey Semi-D Factory unit is now available for RM 3.6mil.

This unit is located in Taman Industri Mega @ Bandar Teknologi Kajang.
-Land size : 11,983 sqf (corner unit)
-Build-up size : 5,976 sqf. (3 storey)
-Freehold
-Contemporary design with glazing facade. Excellent for Showroom/Warehouse/Corporate office.
-Motorized roller shutter.
-Lift
-Guardhouse at gate
-Ample space on the side.

Accesibility:
Easy exit to highways. Distance are approximate;
-1km to Kajang-Seremban Highway(Lekas) and Silk Highway
-3km to Cheras-Kajang highway
-8km to North South Highway
-11km to Cyberjaya & Putrajaya
-31km to KLIA

PM or contact me for viewing. View to appreciate.

[WTS] Nike Hyperdunk 2012 (black/red) US9

merce — Tue, 03 Sep 2013 16:16:09 +0800

Item(s):Nike Hyperdunk 2012 (black/red) US9

Package includes: shoe only. no box

Price: RM 230.00

Warranty: none

Dealing method: preferable CoD

Location of seller: KL/PJ

Contact method/details: mobile:019-9131127/pm

Age of item: bought in early 2013.

---

Item(s) conditions: Size US9. brand new. never worn for balling or casual walking. u can inspect the shoe during meet up.

Picture:

Reason for sale: not using, n its taking up my space. might as well sell it off to ballers who needs a good pair of sneaker

rest assure that this is a genuine Nike Hyperdunk 2012. u can have a look at the shoe when meet up.

OPR stays

merce — Fri, 09 Sep 2011 13:54:57 +0800

from BNM;

Ref No: 09/11/01

Embargo: Not for publication or broadcast before 2011-09-08 18:00:00 hours on , 2011-09-08 18:00:00 2011-09-08 18:00:00

Monetary Policy Statement

At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.

Global growth has moderated in the recent months as growth in the advanced economies slowed by more than expected following the greater policy uncertainties, worsening of confidence and heightened financial market volatilities, amidst continued weaknesses in labour market conditions. Going forward, the advanced economies are expected to register a slower pace of growth than earlier anticipated. In the Asian region, sustained domestic demand is expected to continue to support economic growth amid weaker external performance. Prolonged uncertainties in the financial markets, weakness in the labour market and the prevailing fiscal conditions in the advanced economies have heightened the downside risks and fragility of the global economy.

In the domestic economy, recent indicators point to slower growth in external demand following the weaker global economic environment. Domestic growth prospects, however, continue to remain positive, underpinned by the expansion in private consumption and private investment. Employment conditions remain favourable amid sustained business and consumer confidence. The public sector will also continue to support economic growth. Moving forward, the more challenging external environment has, however, increased the downside risks to the domestic economy.

Domestic headline inflation moderated slightly to 3.4% in July on account of slower increase in the transport category. Food price inflation has, however, continued to increase. Going forward, inflation is expected to remain relatively stable for the rest of the year. While cost-push inflation continues to remain, the pace of increase is expected to be more gradual. The upside risks to inflation will also be contingent on whether the strength of domestic demand will be sustained, in the event of further deterioration in the external conditions.

In the MPC's assessment, while inflation remains a concern, the increased uncertainties on the global and domestic economic growth prospects and their potential consequences could have a moderating impact on inflation. The MPC will continue to assess carefully the evolving developments surrounding inflation and the economy, and adjust monetary conditions accordingly to ensure the sustainability of growth of the Malaysian economy in an environment of price stability.

Bank Negara Malaysia
2011-09-08 18:00:00 2011-09-08 18:00:00

© Bank Negara Malaysia, 2011. All rights reserved.

Semi-D in Rawang

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

BNM unlike to hike interest rate in Sept...

merce — Fri, 12 Aug 2011 09:20:24 +0800

Suprise surprise~

oh well... better for borrowers right?

http://biz.thestar.com.my/news/story.asp?f...62&sec=business

1st Home 100% Financing

merce — Tue, 08 Mar 2011 15:25:55 +0800

heads up guys, 100% financing is now available at OCBC and OCBC Al-amin.

kindly refer to your OCBC mortgage officer for details.

Puchong Prima condo for sale

merce — Sun, 18 Jul 2010 22:59:28 +0800

let me know if this doesnt belong here. cant find the classified for property here.

As per title, got a condo unit to let in Puchong Prima. I'm posting this up for a friend;

1)Freehold,still under master title.
2)Complete renovation, including kitchen cabinets with oven, plaster ceiling, wall skirt, and repaint. I'll provide the pictures for interest parties.
3)Built up is 1068 sqf (if i'm not mistaken)

I have not check on the market value, but owner wants to sell at RM 260k nego.

p/s HL Loan can be arranged from my side even thou i'm no longer a mortgage officer. =p

Feel free to contact me for further details.

-Merce

019-9131127
mercechua@gmail.com

The Coffee Book by me

merce — Tue, 27 Apr 2010 00:25:02 +0800

A little teaser of ... something...

Introduction

Most people have little idea, if not none at all, when it comes to Mortgage Loan or Housing Loan. Many still assume that one can acquire Mortgage Loan simply by approaching a lender that offers the best interest rate in town, provide them copies of the relevant documents, fill in the application form, and voila~ it’s done~!

If only it was that easy!

Mortgage Loans is no doubt the single biggest commitment, the most complicated, mind-boggling dilemma of all. Going through the application can be a hassle, time consuming, and it may even turn into an intimidating experience. And unlike any other commitments or liability loans, making a wrong call here can lead to some very devastating and disturbing scenarios.

Apart from the very confusing process, Mortgage application involves A LOT of people… and to make things worst, they have their own set of jargon and terms. If you have no idea what they are talking about, you are very likely to fall to misleading market or scams.

Sound nasty doesn't it?

On average, a person will only purchase at most 2 - 3 houses in his or her entire life. But an average Mortgage Officer or Broker would have process more than 4 cases a week, and close 3 to 11 cases a month. So what can you do to protect yourself when it’s a rare occasion for you?

Luckily, the Internet is just a few clicks away, and published materials are available almost everywhere. If you Wiki’ed or Goggled “Housing Loan”, you probably find thousands of sites with the relevant information. Your Mortgage Officers or Brokers also play a very important role not only as your Loan Officer, but also as an educator in this field. All that is needed for you is to make the effort to UNDERSTAND the mechanism.

This is meant to provide a reference and education medium. By understanding the lingo and how Mortgage Loan works, can help you with your Mortgage planning and avoid getting into trouble.

Rest assures that all possible effort has been made to compile these informations to be as accurate as possible at this present time. Still, your feedback and constructive suggestions are most welcomed. feel free to drop me an email at mercechua@gmail.com if there's anything you would like to add or suggest.

*****

Mortgage Loan Application

Now before we jump into the bigger picture of Mortgage, let’s first understand how loans are approved;

Lenders will evaluate 3 main points of consideration or risk factors when approving a loan, which are;
1) Applicant’s repayment capabilities. (Income and commitment)
2) Repayment disciplinary & debt history. (CCRIS, CTOS & Legal actions against the borrower/s)
3) Collateral or Security.

• Are you CAPABLE to pay the loan?

The simple logic here is you can’t be paying more than what you are earning, or at least not more than what you can prove as earning. The 1st thing Lenders do is conducting an evaluation on your financial status to determine your financial exposure or commitment according to their assessment. If you are earning RM 4,000 a month, don’t expect the lender to approve a loan with an instalment of RM 4,000 a month… How are you going to sustain your living if you are utilizing all your pay every month just on the loan itself?

Each Lender has their own calculation of customer’s financial exposure, where we known them as Debt Serving Ratio (DSR) or Payment to Income ratio (PTI) or Margin of Repayment (MoR) and possible some other terms not heard of. Regardless of the term, the explanation is the same; the Ratio of your income against your instalment or commitment. And these ratios are to be within the lender’s guideline to minimize the risk of NPL loans.

I’ll explain further on how DSR can affect loan approval in the later chapter.

• Are you WILLING to pay the loan?
You may have the qualifications to acquire the RM 2 mil loan, but if the willingness is no there, it is still a no-go from the lenders. Vowing to bank that you’ll pay them back on time, every time won’t guarantee an approval... no matter how hard you try.

Credit is the term they use to determine the “willingness” of a borrower. It is like a score sheet used to evaluate a borrower’s disciplinary of loans payment. In Malaysia, Lenders use CCRIS report (Central Credit Reference Information System) as reference. The CCRIS report shows all your housing loan, car loan, personal loan & credit cards and can be traced back to the latest 12 months. Based on applicant’s track record of loan payment, Lenders can get a better idea about the borrowers’ payment behaviour, and whether will the loan they are about to give is at the risk of default, turning into NPL (Non Performing Loan).

If you miss a payment of a loan facility whether if it’s a credit card or car loan, the report will indicate “1” on that particular account, an arrear for the month. If you miss 2 payments, it shows “2”. A “3” means you’ll be having a hard time getting any loan approved. Anything more than that and you are more or less screwed. Locals can obtain their CCRIS report from Bank Negara Malaysia.

Myth: You won’t get any loan approved if you have “3” in your CCRIS report.
Facts: A “3” doesn’t mean you are gone for good. You’ll just have to provide a VERY good explanation, better if you can prove that it’s not your fault to start with. Lenders will reconsider if it’s the risk of fault can be mitigate by another means. Either by lowering the loan amount, or bring in a guarantor, or to impose additional Terms &Condition, or increase the interest rate… or the combination of the above.

• ... And what IF you don’t?
The beauty of Mortgage Loan is that, it has collateral, or a security, which is also why mortgage loan is known as a “Secured Loan” since there is a “Plan B”. The property pledged to the bank is a guarantee item to minimize the damage should the business heads south.

In the event of a default loan, Lender will forcefully reclaim the house; sell it off to cover the outstanding of loan.

Foreclosure can be defined as the legal process to forcefully reclaim the collateral or security in the event of a loan default. Lenders will then sell off the property to recover the outstanding of the loan account, whether by auction it, selling it or any other means of disposal to regain their financial losses.

I'll try to update the sub-topics 1 by 1 in later times once i finish them. These are quite some long stuff to write about especially when you need to insert the details to make the picture clearer.

Lets hope this contribute to a better understanding of Mortgage and Housing Loans for the readers.

and by the way... copy right reserved!

-Merce Chua
mercechua@gmail.com
019-9131127

High rise for rental investment...

merce — Sat, 28 Feb 2009 14:49:55 +0800

Dear All,

I've been running around like a madman looking for a good sub-sale high rise unit for my maiden property investment plan.

So far, i think i've ruled out...

dang... i've lost count....

There for i've decided to ask the veterans and professional in here for help...

If you have come across any completed high-rise (apartment and condo) within RM 170k range, do let me know. I'll treat lunch.

Many thanks.

[addedon]February 28, 2009, 3:38 pm[/addedon]and by the way, i cant relocate the post about rental-yield done by some1 in here...

there was the list of completed high-rise project with some summaries of rental yield on each project.

can someone link it here please?

thanks in advance.

Sony Vaio(VGN-CS16G) vs HP Pavilion(dv4-1167tx)

merce — Wed, 31 Dec 2008 22:38:07 +0800

Dear all,

After numerous days reading about laptop reviews, endless count of forum post and articles, and long hour discussion... i've finally shrink my selection down to 2 lappys.

So now the real dilemma is, which one?

I'm looking at 4k budget, 14" screen, good processor, with dedicated graphic cards, and of course durability.

So ladies and gentlemen... take your pick!

The stylish Sony Vaio VGN-CS16G? or the (Technically better )HP Pavilion dv4-1167tx?

me pick my new lappy pls...

Here's my thought;

Sony :-
1)Seems to have better durability (ask around my friends and found out that Vaio laptop tends to last a long time...
2)Stylish
3)I can get a free upgrade to 4g ram and a bluetooth mouse for RM 3988 (will be harrasing the sales staff for bag thou... )

HP :-
1)The spec is wow! HP seems to have better technical specs(512 dedicated graphic is uber! )
2)I can get RM250 cheaper than normal RRP.
3)No freebies thou... (actually i havent ask )

Need the laptop for normal office document work, presentation, minor gaming purpose but the main concern is... the durability.

Maybe some of the CS users and Pavilion users can give their comment here?

thanks a bunch!

-Merce

Locating BF2 in PJ Cybercafe

merce — Fri, 09 Nov 2007 13:48:03 +0800

looking for a decent cybercafe to play BF2. somewhere close to Subang Jaya area.
found one CC with BF2 but i cant remember the version.

any also how do i connect to Sg server? i only found Taiwan and China servers.
the latency is so freaking high i gave up playing.

it would be better if there's a local dedicated server to play here in Malaysia.
any1 know any?

thanks