Lowyat.NET: Latest topics by awdarr

Commercial Loan Queries

awdarr — Tue, 28 Aug 2012 20:08:58 +0800

Dear all, what's the longest tenure for commercial loan for properties such as SOxO? Assuming loan amount is ~280k.
What other differences when compare to normal housing loan besides higher interest rates?

1) Higher interest rates @ BLR - 2.1 or 2.2?
2) Shorter tenure? (normal housing loan can be up to 40 years tenure or 70 years of age)
3) For project with DIBS, some banks will start to count the loan tenure after the project is completed. Is this same for commercial loan?
For example, if one is 35 years old now, the project is due in 3 years time, the max tenure is 70-35-3=32 years only instead of 35 years.
4) Full/semi-flexi loan available or fixed term loan only?
5) Any others?

Thank you.

Stain on Wall - Fixing

awdarr — Sat, 28 Jul 2012 17:49:27 +0800

Hi guys, need your help to advise the stain on the internal wall of the house. I don't think the problem can be permanently solved by just repainting the wall.

Any comments? Does this due to internal pipe leakage?

Window Frames + Grills [Queries & Quotes Needed]

awdarr — Sun, 01 Jul 2012 16:59:45 +0800

Hi all sifus on house reno, I'm planning to replace my parents' old banglow house window frames & their grills. Below is the measurement I've gathered on various windows in the house (I've excluded the sliding glass doors and kitchen areas). Is there any good recommendation/company to do the work? Budget is a bit tight.

My another question would be whether to replace the grills/windows first or paint the exterior of the house first. I'm not sure if there's any conflict in both. I think both works will be done by different parties so the time must be arranged properly to avoid conflict or the work of the other will spoil the finishing of the other party

Thanks for any comments.

Investment Choice

awdarr — Sat, 05 May 2012 21:54:22 +0800

Would need some advice from fellow property experts and forummers.

Currently I'm owning 3 properties with senario below.
1) Loan settled - monthly rental about 1k, prop value around 250-300k
2) Prop under con, to be completed end 2013
3) Prop under con, to be completed in 2015

As I already have 2 loans, if I were to buy another prop, it would be 70% loan max only and furthermore, with my age, the max tenure I would get is probably 30 years only. With this constraint and with current prop market, what can I do with my first prop, sell or keep it?
If I sell it, I can use the cash to buy maybe a subsale unit which could yield better rental but then I will only get max 70% loan with max 30 years or less tenure. What will u do if u are in my shoes?

Thanks.

Resident beaten to death

awdarr — Sun, 01 Apr 2012 15:28:07 +0800

Something to ponder - shall we control the type of residents or security guards. Does condo management allow to hire RELA as guards?

http://thestar.com.my/news/story.asp?file=...9641&sec=nation

Sunday April 1, 2012
Nigerian who tried to rape cleaner dies after being beaten up
By RASHITHA A. HAMID and STEVEN CHIEW
newsdesk@thestar.com.my

KUALA LUMPUR: A 35-year-old Nigerian student who tried to rape a woman died after he was allegedly assaulted by Rela personnel.

It is believed that Onochie Martins Nwanko, who was due to get married next week, had tried to rape a cleaner at the 15th floor of a condominium in Batu 9, Kajang, at 11.30am yesterday.

Apparently, he had hugged and kissed her and even showed his private parts to her.

Kajang OCPD Asst Comm Abdul Rashid Abdul Wahab said the 43-year-old cleaner became terrified and managed to escape. She immediately alerted the management of the condominium and asked for help.

He said the management sent seven Rela personnel to Block C of the condominium where they found the cleaner running towards them.

Barely minutes later, the Nigerian man came down to the ground floor as well. They caught him and beat him before tying him up and informing the police.

“When we arrived, we found him motionless,” ACP Abdul Rashid said, adding that police rushed him to a nearby clinic where he was pronounced dead.

He said police had detained seven Rela personnel for questioning.

Steven Ng, 38, a resident, claimed that the condominium dwellers were unhappy that the management had placed Rela staff there to look after security. The personnel had been rude, he claimed.

Another Nigerian student, Micah Chinedu, 34, accused the Rela staff of always “harassing” the Nigerians who were staying there.

Bank Loan options

awdarr — Sun, 05 Feb 2012 20:01:20 +0800

I'm offer with above 2 choices. The difference in terms of monthly repayment for the 2 is about RM600 with option 2 being more "expensive" monthly. Is it worth to go for option 2?

The benefit that I can think of for option 1 is longer tenure and lower commitment monthly which I can use the lower commitment to buy another future prop if any.

Option 2 will be faster to pay off and hence less interest charged but need to buy/pay MRTA or MLTA separately (can't be included in the loan).

Any advice or opinions please?

Unable to open videos in Youtube

awdarr — Wed, 25 Jan 2012 22:52:06 +0800

Guys, am unable to open video in Youtube as it requires Adobe Flash Player v10. Tried to download but it just does not work. The system said my tv is already with v11 Linux version. Any clues?

Urgent - Hissing Sound from back of new LG LED TV

awdarr — Sun, 22 Jan 2012 12:16:39 +0800

Hi guys, need your urgent help/advice. I received the brand new LG LED TV model 42LV3730 few days ago. Since day 1 there is this hissing sound coming from the back of the TV. The sound will come in intermittently and then go away by itself. Tried switching off other devices but the sound is still there until I switch off the TV. So I guess it's not caused by interference of any other devices. I've recorded the sound but unable to upload it here with extension 3ga. Hope someone can advise (especially those with LG TV) if this is normal since nowadays our TV is thin and all the wiring is at the back thin layer of the panel and probably the sound is more noticeable?

URGENT - LG 42LV3730 vs Samsung 40D5000PR

awdarr — Sat, 14 Jan 2012 14:30:22 +0800

Hi guys, I ordered the Samsung 40D5000PR at one well known shop in town with the price of RM2150. They said the stock should be arrived between 7-10 days. However its already 20 over days. Making a fuss out of it, the shop now countered offer me with the LG 42LV3730 model as they do not have a firmed date when the Samsung stock will be arrived. The obvious difference between these 2 models are the latter is a Smart-tv. But I really prefer Samsung than LG. Is this offer worth accepting? Anything that's with Samsung 40D5000PR but not in LG 42LV3730. Appreciate any comments. Thanks.

Redemption/Settlement Letter

awdarr — Tue, 10 Jan 2012 22:45:53 +0800

Hi guys, does any of u have any experience settling your housing loan with StandChart or any bank for that matter? I was told that the request to get the redemption letter will take a week and then the next step is to request the transfer of outstanding from current a/c to the loan a/c based on the option in the redemption letter. Once that's done, one will need to wait 2 weeks to get the settlement letter? Is this the period you have experienced before or it could actually be earlier? Will the bank refund the MRTA which we have paid for previously or we need to submit our request ourself to the insurance comp? How can that be done? I've paid for 30-years MRTA and the termination now is only at 7th year.

Thanks.

Payoff Loan + EPF

awdarr — Tue, 20 Dec 2011 19:10:25 +0800

Hi guys, am having trouble to decide below situation.

I'm an owner for 2 properties both with 90% loan. I plan to buy a 3rd property in the near future (maybe Q1/2, 2012) & also plan to secure a 90% loan. But I do understand that in order to secure the 90% loan, I must sell off or payoff 1 of my first 2 properties (name sharing for 3rd property is NOT an option nor transferring owner for 1st property).

So is withdrawing EPF to pay off the 1st property the best option?? I'm thinking to withdraw EPF because I can no longer use my account 2 to pay downpayment for my 3rd property or to reduce any loan amount for 2nd/3rd property as long as I'm still the owner for the 1st property.

Another option is to sell off the 1st property. However currently the rental yield for this property is enough to cover the monthly installment (but not enough to cover the maintenance fees/sinking fund - yes, it's a condo unit).

Please suggest/advise.

Note: 2nd property is still under construction

Road Bully

awdarr — Sun, 20 Nov 2011 23:38:28 +0800

Met this red Kenari road bully just before turning to Sunway (near Taylor) along LDP. This guy swayed to my lane & what I did is just horned him once (yes once - 1, 2 seconds horn). He braked in front of me near the sharp bent & the action almost caused the car behind me to bang into me. He then continued to hurl insult & show his fist & try to drive near to my car as if to knock me off the road. I tried to avoid by switching lane but he was again blocking me. The whole process lasted 4-5 mins until he was "satistified". To whom who know him, please give him this piece of advice - you don't own the roads! How would u handle if u are in similar situation like me?

Removed

awdarr — Sun, 20 Nov 2011 22:33:14 +0800

-- Deleted --

I just knew this forum is not for serious talk/discussion