Living in JB 2 (Johore)

[Funds Transfer]

Re: Your Friendly Bank in Singapore!

Bro sounds a bit of sarcasm there. I only know of banks that reallly truly care for you...YOUR $ that is !

I am concerned that the debt millstone will be heavier around the necks of Singaporeans as the limits are stretched.

 

[DREAMorACTION]

Oh mine is not full carpet for whole room. It's just a small piece of throw over carpet with a lot of soft ticklish furs. Its underneath my table and chair and my kitty like to sleep on it

in future, I want to design the bedrooms with full carpet. Its ok as I expect that air con will be turn on quite often in the bedrooms. I like the idea of a video room so that would complement perfectly.

Initially thought of having carpet in the AV room too, but after reading some of the responses here, I think it's better to go with wood flooring or even tiles and buy a cosy carpet for centre area.

Bro DOA, if you have carpet in the bedrooms, won't it make it difficult to close the bedroom doors?

 

[DREAMorACTION]

Yes. And definitely will change window to double glaze

Haha, that's a small issue, depending on the height of the carpet, shave the bottom of your door. But for Av room you need soft furnishing, like sofa, carpets, rugs, cushions n curtain inorder to have great sound effect!

 

[DREAMorACTION]

Cannot.

http://www.straitstimes.com/BreakingNews/ANN/Story/STIStory_776705.html

U try to find the same offer for Arsene ?

Looked like Arsene Wenger can or not?

 

[Newbie2012]

Re: Your Friendly Bank in Singapore!

If any of us is buying a property, look no further than UOB because there is a bank that truly cares for you. Take your time to pay for your mortgage. Don't worry, even if it is for 50 years.

We can wailt....

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1215258/1/.html

I know this has to come soon at current salary level of the middle class and high properties prices in Singapore - 50 years mortgage loan. But I just couldn't believe the regulator, MAS would allowed it.

If a sizable number of Singaporeans are so properties crazy and foolish to take it up, we will see serious problems happening in the property scene as well as political scene in Singapore.

What does this sign means? It means UOB is feeling that the current property prices in Singapore are beyond the reach of many on a mortgage loan of less than 35 years; it has difficulty granting out loans to many and had to introduce a longer mortgage loan in order for its clients to be able to service the monthly payment.

Our government had better guarantee that its people or PRs are able to have a secure iron rice bowl with annual increment. If not, the people of Singapore is gonna guarantee that it will lose more GRCs than they would dream about it.

 

[polyman]

Re: Your Friendly Bank in Singapore!

I find it amusing that bros and sis are trying to look for the perfect floor. Fact of the matter is..there are none. Like tamans, every floor type has its pros and cons. there is no perfect one. Its not right to say a particular floor is bad just becos u dont understand it. The 'floating' feeling of laminated floor is due to the underlay which helps absorb sound and moisture. Laminated flooring has come a long way since its hey days. i dont sell laminated floors by the way. as with All types of floors, one has to take care of it. Show me a floor that you dont need to take care...raw cement or linoleum maybe. I have seen parquet floor warp or buldge and scratched, ceramic tile floors pop, homogeneous tiles chipped. marble floors stained and scratched. Also for tiles, u have to contend with the grout getting dirty. As for carpets, its not exactly a floor type but for people looking at easy maintenance floor systems, carpet should be your last consideration. Walk into any hotel room and u will know what i mean. I have stayed in houses with all the above types of floors except for granite. thats why no comments on granite floor except it is damm ex.

 

[Funds Transfer]

Re: Your Friendly Bank in Singapore!

Bro Polyman

Welcome to the oasis!

It is only here that we can cast our Singapore worries aside and enjoy life. Finally, we can also take time out to discuss mundane things that we have been robbed off had we stayed in the island republic.

 

[Newbie2012]

Re: Your Friendly Bank in Singapore!

I find it amusing that bros and sis are trying to look for the perfect floor. Fact of the matter is..there are none. Like tamans, every floor type has its pros and cons. there is no perfect one. Its not right to say a particular floor is bad just becos u dont understand it. The 'floating' feeling of laminated floor is due to the underlay which helps absorb sound and moisture. Laminated flooring has come a long way since its hey days. i dont sell laminated floors by the way. as with All types of floors, one has to take care of it. Show me a floor that you dont need to take care...raw cement or linoleum maybe. I have seen parquet floor warp or buldge and scratched, ceramic tile floors pop, homogeneous tiles chipped. marble floors stained and scratched. Also for tiles, u have to contend with the grout getting dirty. As for carpets, its not exactly a floor type but for people looking at easy maintenance floor systems, carpet should be your last consideration. Walk into any hotel room and u will know what i mean. I have stayed in houses with all the above types of floors except for granite. thats why no comments on granite floor except it is damm ex.

Just a little jest and Feng Shui time .... when buying property, I prefer to be on solid ground rather than on "floating" ground .

The fact remains that laminated flooring can't last longer than parquet and tiles and will cost more in maintenance fees. That is also why due to it material and construction, laminated flooring is cheaper than parquet and has a cheap wood look. Staircase with laminated flooring really looks bad. Pacquet or timber strips on staircase is much better looking and suitable.

 

[FHBH12]

Re: Your Friendly Bank in Singapore!

Flooring and ID are very personal choices. I will prob still choose laminate over other flooring when I'm older due to higher friction and cushioning effect. I'm really scare of falls, bruises and breaking bones

 

[FHBH12]

Re: Your Friendly Bank in Singapore!

Just to add if I ever retire and use the JB house, I will not bother climbing the staircase and will prob seal up the 2nd level.

 

[Funds Transfer]

Re: Your Friendly Bank in Singapore!

Just to add if I ever retire and use the JB house, I will not bother climbing the staircase and will prob seal up the 2nd level.

Bro
You should live in an apartment instead?

Or a penthouse!

 

[Sanur]

Re: Your Friendly Bank in Singapore!

Flooring and ID are very personal choices. I will prob still choose laminate over other flooring when I'm older due to higher friction and cushioning effect. I'm really scare of falls, bruises and breaking bones

Well for old age, seems a good option

 

[Newbie2012]

Re: Your Friendly Bank in Singapore!

Just to add if I ever retire and use the JB house, I will not bother climbing the staircase and will prob seal up the 2nd level.

Sounds illogical, thought when you old and retire , you will need your laminated flooring on the staircase and upper floor in BH more? You want to be cushioned in case you fall right? Old people can fall on the ground floor too but BH no laminate flooring on ground floor.

Are we facing a very confused investor here? Just jesting.

 

[FHBH12]

U r rite. Thinking of putting laminate on ground floor too when I'm older.

 

[Funds Transfer]

Re: Your Friendly Bank in Singapore!

I know this has to come soon at current salary level of the middle class and high properties prices in Singapore - 50 years mortgage loan. But I just couldn't believe the regulator, MAS would allowed it.

If a sizable number of Singaporeans are so properties crazy and foolish to take it up, we will see serious problems happening in the property scene as well as political scene in Singapore.

What does this sign means? It means UOB is feeling that the current property prices in Singapore are beyond the reach of many on a mortgage loan of less than 35 years; it has difficulty granting out loans to many and had to introduce a longer mortgage loan in order for its clients to be able to service the monthly payment.

Our government had better guarantee that its people or PRs are able to have a secure iron rice bowl with annual increment. If not, the people of Singapore is gonna guarantee that it will lose more GRCs than they would dream about it.

Yes sir, you are right to point out that it is inevitable and we are following the footsteps of Japan very closely. Property prices in Japan are so high that mortgage terms of 100 years are commonplace. Japan went down this road of multi-generational mortgages and they consequently have a wonderful system of housing. Everyone is a winner!

You are either a rich landlord or a poor renter!

 

[Newbie2012]

Re: Your Friendly Bank in Singapore!

Yes sir, you are right to point out that it is inevitable and we are following the footsteps of Japan very closely. Property prices in Japan are so high that mortgage terms of 100 years are commonplace. Japan went down this road of multi-generational mortgages and they consequently have a wonderful system of housing. Everyone is a winner!

You are either a rich landlord or a poor renter!

Unbelievable.....100 years mortgage......sound like the Japanese is trying to keep its property Ponzi scheme a float. PAP should start learning from the Jap. how to manage it.

Looks like we are heading towards a political scene as volatile as Japan, with ministers resigning now and then.

 

[kopikong99]

I had considered renting it out, but decided against it because of the 26% tax and also because I don't really wish to deal with potential tenant issues there without being there. Not to mention more money outflow would be required to get it 'rentable'.

How do they works out the 26% tax? Assuming we rent out the place for 2k, how much would the 26% be?

I am interested cos I am thinking of renting out my unit and see whether it is worth the effort or not.

 

[Mingchye]

How do they works out the 26% tax? Assuming we rent out the place for 2k, how much would the 26% be?

I am interested cos I am thinking of renting out my unit and see whether it is worth the effort or not.

You declare the total income earned from rental minus allowable expenses like interest expense on home loan, condo mgmt fees etc. The 26% will be based on the remaining income minus expenses. Similar to how IRAS handles rental income.

Only thing I figure out is that if you live in JB and work in SG, you can be considered as 'tax resident' in both countries, then you will be subjected to the tiered tax rates enjoyed by tax residents compared to the flat 26% slapped on 'non tax residents'.

 

[Aisanbo]

How do they works out the 26% tax? Assuming we rent out the place for 2k, how much would the 26% be?

I am interested cos I am thinking of renting out my unit and see whether it is worth the effort or not.

Can deduct your costs...like agent fee, property & quit tax, insurance, maintenance, etc and most importantly your loan interests payment.
A 500k loan for 25yrs would have interest of about RM21k.
Assuming a rental of RM2500 x 11 months, revenue is RM27500.
so if we have other cost of say RM3000 per year, then the profit is about RM3500....which results in an official tax of RM910.

I suppose if you stamp the rental agreement, then there's a record and authorities can trace if they want. (But do they ? Experienced bros ?)
But if you don't stamp the agreement, you run the risk that the tenant can play punk.
Take the RM910 tax as insurance maybe.

Correct if I'm wrong, if we retire in Malaysia but have >1 properties and thus collecting rental income, we are taxed at resident rate instead on non resident. Resident rate means its tiered rate rather than fixed at 26%.

 

[melodysoul]

Hi Melody, it is worth it but only if you feel happy about it. You can ask if they can put in more so that you can continue and landlord and you are both happy. Perception is very important in life. Back just few years back, 450k for a terrace was considered super expensive, now the same people who doubted my relatives are themselves coming out here. One of those who were asked, way back remarked recently to us that 870k for the terrace is considered cheap when he balked at the same type of unit (priced back then at 450k) just a few years back.

Perception colours what we see without our ever realising it.

HI wuqi,

as we were due to sign e tenancy, i told my agent if she can help us by asking for additional items like autogate, solar film if possible, cos i told her i made e decision under pressure then as she told me got another person wanna offer at 2.1K already then, i also told her i found some new units in Bukit Indah asking about 2K RM

Apparently, she was not happy and told me it was not possible, told me if i not happy, she will ask if landlord can refund us back if landlord willing to... and she told me where on earth i found this 2K RM house.

Think this relationship soured about i asked her for additional help... and she is not willing to help

We are in e sales trade also, but think she represent both landlord and tenants here unlike in SG, where agent can only represent one party, hence, i think the agent also cun be bothered with us - e tenant

Or is my request too demanding?
This is a hard one...