Lowyat.NET: Latest topics by smartinvestor01

Net Worth for Sarawakian at 40 Years Old

smartinvestor01 — Sat, 06 May 2023 22:19:18 +0800

Guys, I would like to asked if you are from Sarawak, what do you think about the range of the net worth should be at when you are at 40 years old.

I really appreciate to have your second opinion on this as it has been bugging me about what I should have reached at this point of age..

Thank you in advance.

SJKP Loan

smartinvestor01 — Fri, 27 Jan 2023 11:07:17 +0800

Dear All,

I would like to enquire is it possible for the Sales and Purchase Agreement (SPA) to be joint name with a non-first time property owner for the application of mortgage loan using SJKP loan?

Landlord Insurance

smartinvestor01 — Mon, 17 May 2021 19:59:56 +0800

Hi.. All,

I check online and realized that the Landlord insurance being talking about are from Allianz and Blue Duck..

I am just curious if you guys have ever file any claims and how smooth does the whole process went through should a tenant defaulted.

SSM Financial Statements are Negative

smartinvestor01 — Sat, 17 Apr 2021 10:22:37 +0800

I would like to ask for the opinion on this case.

One of the developers in Sarawak, I have made a research on the company search on their Financial Statement which shows negative which was not convincing for me to proceed further for the property since it is under construction.

According to some info I heard of, it was quite normal for developers to under report their income or manipulate their accounts into making a loss.. For me, this is still not convincing enough.

The developer has 2 project reference before and now planning for the new apartment project.

Help you guys could share some insights on this matter.

Financing for Commercial Retail Units

smartinvestor01 — Sat, 25 Jan 2020 11:21:53 +0800

Dear all sifus,

I am pretty new on this commercial financing for retail units..

I heard that banks only can finance once the valuation is out but i also received news that even with valuation, only Public Bank can do the loan.. Others need to get special approval.

Do you guys know about this? The retail unit is basically a small layout commercial property.

Thanks in advance.

Strata Title Ordinance 1995 (Sarawak)

smartinvestor01 — Fri, 19 Jul 2019 17:43:59 +0800

As many people know, Sarawak is still using the old Strata Title Ordinance 1995, and the improvement could only be materialize maybe next year after being propose to the DUN sitting..

But assuming that the property has not been issued with any strata title for more than 10 years but the master title only expires in Year 2900, is it correct to say that the selling of the property might not be difficult as compared to those with shorter lease?

Need more experts and inputs from the Sarawakians as the law imposed is different from West Malaysia. Thank you.

Reclassification of Land in Sarawak

smartinvestor01 — Tue, 06 Feb 2018 19:31:57 +0800

Dear Sifus,

Here is the case.

The master land title of the project which is located in Sarawak is under Native Land, which originally the land tenure is under perpetuity.

After the completion and the issuance of the land title, would it be still perpetuity or the conversion or reclassification would affect the land tenure itself?

Anyone know about PRE-IPO Shares for Pinba?

smartinvestor01 — Wed, 06 Dec 2017 18:03:22 +0800

Anyone heard about the Pre-IPO shares subscription for Pinba before?

I heard from a friend that the Pre-IPO shares are now available for investment at a price of USD $0.31 per share.

Was thinking about asking which platform that they use buy but I fear later the introducer will keep asking me about it.

Hope you guys can share more about it..

KUCHING-Affordable Single Storey Project at Stakan

smartinvestor01 — Sun, 17 Sep 2017 23:36:04 +0800

If you are looking for an affordable single storey terrace and semi detached, we have the right options to offer for you.

Stakan area which is near to the 7th Miles Kota Sentosa bazaar is now selling fast and considered as one of the most sell-able residential project in Kuching.

The single storey terrace development facing the Stakan main road is selling RM310,000 with a land size of 160.8 square metres, or 4.0 points which comes with a building dimension of 22 feet by 44 feet.

Corner units are selling at RM370,000 which comes with a land size of 268.8 square metres or equivalent to 6.6 points.

Besides that semi detached comes with a land size of 301.5 square metres, or 7.5 points, selling at a price of RM410,000.

For more information, please contact or whatsapp me at 016-890 8890.

Thank you.

Channels Used to Find Properties

smartinvestor01 — Fri, 04 Aug 2017 18:20:01 +0800

Hoping to get some insights on channels you used to research and survey for the properties.

Thanks a lot.

Is it worth to use Mortgage Management Facility

smartinvestor01 — Tue, 25 Jul 2017 09:06:01 +0800

Previously, there have been a product coming in which allows you to save your mortgage interest by 50%, by also cutting the tenure by 50%.

The way it operate it is to analyze your loan and give you a summary of how much additional payment you need to pay on top of your current mortgage repayment to save the 50% interest from the Mortgage Loan.

But on my point of view, in reference to Gary Chua previous talk in a seminar, he mentioned that Mortgage Loan is still considered as the best financing option due to the low interest rate so no point to settle it early if you know how to leverage on your investment.

Any point of view and opinion on this?

MOT Legal Fees

smartinvestor01 — Wed, 12 Jul 2017 18:06:09 +0800

Hello, Sifus,

I am from Kuching, Sarawak.

As I see most of the developers' practice, the moment the Sales and Purchase Agreement is free, the legal fee for the Memorandum of Transfer would also be free but now I come across a project which is totally different whereby the Memorandum of Transfer legal fee is not included.

Because according to some resources, it was mentioned that the moment the S&P is free, the legal fee for MOT should be free (exclude stamp duty).

Just want to check if you guys come across this.

Marketing Tools for Real Estate Business

smartinvestor01 — Sat, 22 Apr 2017 20:20:23 +0800

Your kind input on whether you are involved in the real estate industry or not is very much appreciated.

You can also feedback to this poll as a property buyer.

Thank you very much for your reply.

Legal Liability of Contractor and Developer

smartinvestor01 — Thu, 30 Jun 2016 08:06:13 +0800

Dear all sifu,

Just want to seek for some opinion on a case relating to the property industry.

In normal cases, the developer appoints the contractor to construct and complete a residential project for the developer.

If there is anything happening to the project such as structural issues, etc, the contractor will be held liable?

Legal issues to get advise

smartinvestor01 — Fri, 24 Jun 2016 09:22:24 +0800

-- Please keep your post concise to ensure a speedy review from us. We suggest 250 words or less. --

Any suggestions for posting a question relating to legality issues?

Istyle Ventures Limited

smartinvestor01 — Mon, 20 Jun 2016 18:54:25 +0800

Dear all,

I came across this investment and want to get the views and opinions of your guys on this investment..

IStyle Ventures Limited

Refinancing Property to Realized Gains?

smartinvestor01 — Fri, 22 Apr 2016 07:38:09 +0800

I heard from someone before that refinancing can be a tool to get realized gain from the current market without selling the property.. Then, the realized gain is used for investment purposes..

Is that true or its just a myth?

Ataria Resort (Kuching)

smartinvestor01 — Mon, 07 Mar 2016 10:15:46 +0800

Dear All,

Anyone here invested in Ataria Resort Kuching project?

You invest and get a guaranteed return of about 6% of the selling price every year for 9 years.

Entry is from RM178,800 onwards..

I am quite curious about the Supplement Agreement which indicates about the rental..

Special Case on Property Loan

smartinvestor01 — Fri, 11 Dec 2015 19:18:35 +0800

I have a friend working in advocate come across is very special case where the land title issued was directly under a bank..

It was said that during the transaction, there were no memorandum of charge document executed so when the transfer document was submitted to the land and survey, the title was directly transferred to the bank...

I am phobia of this case. I heard that such clause was mention in the letter offer.. I m signing letter offer from BSN soon.. Anyone sign letter offer from BSN before?

Vaccination Few Days Before Period

smartinvestor01 — Thu, 19 Nov 2015 11:43:25 +0800

Dear all,

Just want to ask..

If cervical cancer vaccination injection (final shot) is made few days before period, will it delay period?

Just wondering..