Exchange Rates for RM

[RedsYNWA]

The logical step for Singaporeans is to buy a direct HDB first (if incomes allow), and then buy another condo in SG. Next step is to buy a property in MY for rent/weekend home. When its time to retire, rent out your SG properties n retire in MY.

Of course, if your job hours are flexible, an even better scheme is to rent out your SG HDB and condo, and stay in MY landed while commuting to work in SG. To summarise, a SG property for recurring rental income is crucial in ensuring this plan works, while you wait for your SG property value to go up as we moves towards 6.9.

 

[kawan2sgmy]

Hey sounds like for someone to prosper or to be famous, need to venture overseas first, when become famous, then come back to hometown, macham like local singer/actor get groomed in Taiwan or something like that. hahaha... George Kwek also went to Taiwan and then come back home and make it big! M'sia sure can make it someday becos Sg is land scare, sure spill over to JB. Must be patient lor.

Most doing biz stay in landed in SG. Now only choice is to rent in SG. Stay put in MY.... Once time is up, sell all, go back Sg buy condo!!

Factor now is -- wait!

 

[kawan2sgmy]

The problem now is we cannot reverse gear - for those who sold off their HDB. It doesn't make sense to sell off pte house or overseas property to buy HDB. But if money is not a problem, your suggestion is very ideal.

The logical step for Singaporeans is to buy a direct HDB first (if incomes allow), and then buy another condo in SG. Next step is to buy a property in MY for rent/weekend home. When its time to retire, rent out your SG properties n retire in MY.

Of course, if your job hours are flexible, an even better scheme is to rent out your SG HDB and condo, and stay in MY landed while commuting to work in SG. To summarise, a SG property for recurring rental income is crucial in ensuring this plan works, while you wait for your SG property value to go up as we moves towards 6.9.

 

[RedsYNWA]

The problem now is we cannot reverse gear - for those who sold off their HDB. It doesn't make sense to sell off pte house or overseas property to buy HDB. But if money is not a problem, your suggestion is very ideal.

Transfer name of overseas private properties to parents, and then hope HDB doesnt find out? Quite low risk for HDB to find out unless someone sabo, since the property is under parents name. Then buy a direct BTO if possible. Rent out after the 5 years MOP and stay in MY, if job hours are flexible.

Then buy another SG condo when ABSD is removed. In the meantime, if got spare cash, try to flip 1 or 2 MY properties with gd location.....

 

[Frodo]

Transfer name of overseas private properties to parents, and then hope HDB doesnt find out? Quite low risk for HDB to find out unless someone sabo, since the property is under parents name. Then buy a direct BTO if possible. Rent out after the 5 years MOP and stay in MY, if job hours are flexible.

Then buy another SG condo when ABSD is removed. In the meantime, if got spare cash, try to flip 1 or 2 MY properties with gd location.....

But one has to declare ownership/interest in property, and I got a feeling that it's not just whose name the title is in, but whether you got any interest in the property. And depending on what is meant by the term "interest in" it could be rather broad in scope leh. Anyone can comment? Friends also advised me to buy MY property in mother-in-law name and then do a transfer later on but after toying with it I decided not to. Scared scared...

 

[kawan2sgmy]

Can't use parent's name becos they have gone to heaven. Maybe have to use children's name to buy.

Transfer name of overseas private properties to parents, and then hope HDB doesnt find out? Quite low risk for HDB to find out unless someone sabo, since the property is under parents name. Then buy a direct BTO if possible. Rent out after the 5 years MOP and stay in MY, if job hours are flexible.

Then buy another SG condo when ABSD is removed. In the meantime, if got spare cash, try to flip 1 or 2 MY properties with gd location.....

 

[Niucomer]

But one has to declare ownership/interest in property, and I got a feeling that it's not just whose name the title is in, but whether you got any interest in the property. And depending on what is meant by the term "interest in" it could be rather broad in scope leh. Anyone can comment?

What about overseas properties held in name of companies?

Does "interest in" mean interest in shares of companies holding properties? I dun think so. If so, then all HDB owners cannot buy REITS

 

[wolverine23]

Raffles money change tt rate at 2.582.

Really good. Cimb 2.548...

 

[Sparky]

I tot rate now 2.57-2.58

 

[EDTBA]

Cash rate this afternoon @ SSC: 2.575

 

[Rocker]

Cash rate this afternoon @ SSC: 2.575

Sorry, where is SSC?

 

[EDTBA]

Sorry, where is SSC?

Sembawang Shopping Center

 

[whoami]

Bedok MC 2.578

CIMB 2.5510....lousy!

 

[wolverine23]

MC rate really very good now.

cannot resist so remitted more at 2.582.

Bedok MC 2.578

CIMB 2.5510....lousy!

 

[Lyc396]

Jurong Point MC cash at 2.578 and TT at 2.58 about 4pm today despite xe.com shown 2.578 at the point of time for the exchange.

 

[whoami]

MC rate really very good now.

cannot resist so remitted more at 2.582.

Yup! I quickly went to change at 2.58 an hr ago. Cos teletext and yahoo chart showing 2.57xx.

 

[wolverine23]

Does this mean MYR will continue to weaken?

Yup! I quickly went to change at 2.58 an hr ago. Cos teletext and yahoo chart showing 2.57xx.

 

[whoami]

Does this mean MYR will continue to weaken?

I wish i could read the crystal ball.

 

[matix]

I withdrew from CIMB ATM using my CIMB Singapore ATM card today at 6pm... rate was 2.55

 

[whoami]

I withdrew from CIMB ATM using my CIMB Singapore ATM card today at 6pm... rate was 2.55

CIMB spore trsf rate 2.5510. So not much diff..