They didn't ask me for 6 months savings account because all MY banks (as I know) only provide up to 3 months account history. Yes, I provided my various bank statements to show them how much "savings" I have, to strengthen my application. If your salary is sufficient, then you don't have to show your savings if you don't want too. From what I know, they will take your SG salary and multiply by 2 to get the equivalent in RM. Banks will usually approve the loan if the total monthly installment and other commitments (personal loan, other home loans) are less than 1/3 of your salary.
E.g. If your salary is SGD5000 x2 = RM10000. 1/3 = RM3333. If your property is RM550k, with 80% loan (RM440k), your monthly installment will be RM2152 at BLR-2.4%. Since RM2152 is far lower than RM3333, it should not be a problem for the bank to approve your application, provided you don't have other financial commitments. I dunno if they consider the financial commitments in Singapore or not.
I went with my mortgage broker, Esther, who handled my previous NI purchase. She submitted my documents to RHB, OUB and HLBB and so far OUB and HLBB has contacted me for more details to process my loan application. Below are her details if you want to engage her service. But I think she is out of Msia this week.
Esther Ker (Ms)
H/P : +6016 7901673
PREMIER PLUS CONSULTANCY (M) SDN BHD (848188-W)
29-02 Jalan Bestari 1/5, Taman Nusa Bestari, 81300 Skudai, Johor Bahru
Hope you have weighed the pros and cons carefully because property purchase is usually the biggest purchase in a person's life.... looking forward to have you as a neighbour.
Last edited by vincentck; 07-10-2011 at 04:02 AM.
i gunning for a simple sure blend in car - proton saga FLX...RM40K nia..brand new. hahaha...will drive it to death for 20 years...if u work out the sums, only close to S$70 per month to own it..assuming can really tahan 20 years i.e....at least in JB, there is no death sentence for the car after 10 years.
When I was in uni, I stayed in the hostel and my room was above the surau (small mosque). Every morning around 5/6am, the Muslims will have their morning prayers. After a few weeks, I got used to it and wasn't woken up by the prayers being aired thru the loudspeakers.
What do you think, bro Batok Seri?
For me, its different. Recently when the developer told me the selling price for my unit type has been raised by RM40K one month after i had bought it, i was like "So?.."....To me, i buy the house not to make money from it but as a weekend getaway and retirement place option. so for me, i am not so much affected by whether the price goes up or down. For investment, i still like Sing market better..in fact most of my bullets are reserved for buying a private prop in Sing...hehehe.
side track a bit..
i dont know whether bros have raised this before..
there is a very nice bittergourd soup outlet called JIA JIA LE located at the row of shophouses just outside the Giant at Nusa Bestari....
my wife and i usually order simple meal consisting of
stir fry KangKong with garlic
bittergourd soup (med)...
cost around RM22..less than S$10..
heavenly! their bittergourd is not bitter with generous serving of pork.
sorry bros for going off tangent...
yes its the end lot ...
I think thats enough for me ....
I wonder how they find out our commitment in SG , anyway I only have a car loan so hopefully its not a problem
Indeed , buying a house is a life committment , thats y I must think carefully.
I dun wan to commit too much to pay for housing loans .
Hope we can be neighbours too
Thanks again for the detailed reply and information.
Just a few months ago, we met a rich auntie from KL, came to HH to shop for bungalows for her sons, bought one bungalow for each son. My parents also met another uncle from out of town Johor at HH sales office, said he owns hundreds of acres of agri land. Each month can earn 50k~ profit. Can buy one terrace each month with full cash down. He told us he is just one of the small plantation owners, there are probably hundreds or more of them.. Also met a hotel chain owner at HH sales office. Many Malaysians are loaded.
More and more places are coupon parking, not free parking.
Do look around for the signage or observe if others are displaying coupons.
Another way will be to check with the shops that are along the car park, if they are selling the car park coupons, very likely that place is not free parking.
- always online
away from home
Apologies for the questions..
If i'm interested to view the new launches, can i go to HH directly? Or is there any sale rep in Singapore?
Green Market Johor Bahru.
To promote our green intitative - we are planning a fun, awareness raising, Green Market in the covered car park of the new JARO building on Saturday, Oct 22 2011 at 2125 Jalan Sungai Chat between 10am and 4 pm.
It will be an event to bring together local farmers, local green enterprises and individuals who are environmentalists, amateur gardeners etc who will give talks and demonstrations. Stay tuned- more details to come about who our vendors/participants are!
We want to bring together other local enterprises who are participating in the 'green economy' like us, so that the local community can enjoy a day of shopping, food and get a more holistic picture about 'green lifestyle' choices.
More info at JARO
- always online
away from home
Just some questions. I'm interested in the HH development. Is there a sale rep in Singapore? I can drive up to HH, but do they have a sales office present and do they open during weekends?
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