Lowyat.NET: Latest topics by Denis

S&P and Loan Agreement calculator

Denis — Thu, 31 Oct 2013 14:54:16 +0800

Newbie here.

I would be appreciated if anyone can provide the link to the above.

BTW, I just bought a newly constructed house and the detail is as follow:-

1) Cost RM 557,000
2) Loan amount RM 500,000

What would be the legal fee, stamp duty and the other disbursement charges for S&P and Loan Agreements? Is the S&P incur stamp duty ?

For newly constructed house, when is the time to sign the Memorandum of Transfer (MOT), does it incur stamp duty as well?.

So, basically we have 3 stamp duty to pay: one for S & P, one for Loan Agreement and another one for MOT.

Thanks a lot!

Bankrupcy issues

Denis — Fri, 17 May 2013 15:33:15 +0800

Hi,

Do I need to pay outstanding debt after I declare bankrupt ( if I have no intention to lift the bankrupt statue)?
Will the debt (CC) growing bigger and bigger or the debt will not charge any interest after the bankrupt?

Sales & Purchase Agreement

Denis — Thu, 11 Apr 2013 11:25:31 +0800

Dear Sifus,

Newbie here.

I m going to buy a new house (Semi-D, under con) and now the developer is asking me to sign SPA. What are the points that need to focus? Is it standard format for a particular type of house (Semi-D). Any sample here that had been posted by senior members for reference?

Thanks a lot!

Housing facing direction according to Ming Gua

Denis — Wed, 03 Oct 2012 09:33:07 +0800

Will u buy a house with a facing direction according to u Ming Gua direction?

QUOTE

Ming Gua
What is your Personal Feng Shui Element?

Wood, Fire, Earth, Metal, Water
The elements in the five element cycle, represent various stages within the cycle of life or nature. Finding Your Personal Element Illustrates how you interact relatively with others and their Personal Elements. It also allows you to work with your best directions for sleeping, eating, studying, business & more. To learn more about how the five elements work, calculate your element below, and then read about the five elements under The Five elements of Feng Shui section. You can work with your directions based on the chart below the worksheet.

You can calculate your Ming Gua via the following link:-
http://www.qiplus.com/index.php?p=mgcalc

Are properties continuing to rise in next 2 years

Denis — Thu, 26 Jul 2012 13:25:55 +0800

At this uncertainty period, many real house buyers or investors are anxious to know whether it is worth to invest at the moment.

This poll is acting as a platform for those who are interest to know the present market view.

If there are many potential buyers predict the price will be going up and buy, then the demand is there to hold the market price. If there are many potential buyers predict the price will be going down and buy when there is a downturn, that mean the demand is also there, which imply that the downside of the price won't be that severe.

Conversely, if not many potential buyers are present, then the current property price is too high to be accepted by people. That mean that a big correction will happen.

Would be grateful if u can share your opinion.

BTW, I predict that property price will be going up due to the following:-
1). GST implementation will boost up the price.
2). Low financing cost @ BLR-2.45
3). Labour cost increase, oil subsidy will be gradually reduce
4). Inflation kick in.

Which one will you buy?

Denis — Fri, 06 Jul 2012 15:40:27 +0800

If u have chance to buy SD, which one will u put in 1st priority to buy?
Corner SD, Intermediate SD, End lot SD or not important at all.

Given with the same size of house, identical house, same location.
Corner lot will have largest land size.
End lot 2nd largest land size.
Intermediate-smallest land size.

The price will adjust accordingly in respect of land size.

Mind share the reasons u have chosen?

Will you buy a house in such condition?

Denis — Fri, 16 Mar 2012 14:15:08 +0800

I plan to buy a new house ( my 2nd house) cost around RM600K

My detail is as follow:-

Net monthly income =7500
Commitment on 1st house = 2000 (market value RM400K), company loan
Monthly expenses =3000
Family insurance = 1000

Fixed Deposit =200k@ 6% p.a.
___________________________________________________________
The new house
Cost = RM 600K
Deposit = 200K (not from Fixed Deposit)
Loan = 400K @ 4.5% for 20 years

i.e RM 2500 p.a.

Insufficient fund per month= 7500-2000-3000-1000-2500 = (1000)

Insufficient fund (1000) will be taken from the FD (200k).

Will it be risky to buy the new house?
Please advise.