Lowyat.NET: Latest topics by charlieboy61

Investment Opportunities

charlieboy61 — Fri, 06 May 2016 08:51:20 +0800

Investment Opportunities Abound As DIBS Property Owners Seek Exit

The above is the opinion expressed by YY Lau, JLL Property Services (Malaysia) Sdn Bhd country manager during the Edge Investment Forum ob Real Estate 2016. She is saying that those who previously bought properties during the DIBS period may have low holding power and would seek to sell these properties at bargain prices.

I think what she says hold some truth and this can represent buying opportunities for property investors. I am not from KL and so can the taikos here list down which DIBS projects have recently been completed or expected to be completed within the next few months. I hope that we can create a comprehensive list here.

buying properties under company's name

charlieboy61 — Mon, 17 Dec 2012 12:33:44 +0800

So far i have been buying properties under my own name. I am now considering buying property under company name. This has a lot of advantages, you can sell the company instead of selling the property itself. This gives you a lot of flexibility especially when you buy properties under dibs where the developer prohibit the sale of property prior to completion. Not very sure wether this can be a way of avoiding rpgt. The dis advantage will be higher cost involved where you need to keep accounts and also to pay for auditor fees.

Like to seek the advice of all the taikors here especially those who have been buying properties under company's name. Please share with us your experience, what are the advantages and disadvantages of buying properties under company name? What are the costs associated with this method of buying properties?
Thanks

For those who already have 2 property loans

charlieboy61 — Wed, 06 Jun 2012 10:46:04 +0800

With the new ruling, property owners that already have 2 residential property loans can only get 70% loan for their third property loan. I know two ways of going around this. First is to buy soho, sofo, sovo units which have commercial tittles, then you can get commercial loan with financing of 80%. Another is to use

Can any of the tai ko here share how we can get around this so that we can still get 80% or 90% financing for our third property? WE need our bullets to invest in more property rather than paying for higher down payment.