Thanks for the news. Would love to buy into KL. Unfortunately, the timing is not right for me. No longer looking to party or have ONS... sigh. Age is catching up with me. Oh well... maybe one day after my baby making days are over.
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Living in KL!! :D
- Thread starter wuqi256
- Start date
Not sure abt Dua Residence. Just dun like the outlook of it.
For K residence, been to one of he units for sale at RM800psf, but dun like the balcony. It goes all around the house, only enough passage to walk but to put chairs n tables,
almost impossible. have calculated before, 20% of the space goes to this unusuable balcony.
Tats why eventually walk away from this deal and commit to ONE KL instead
Just check out with one of the banks in Malaysia:
for self employed Singaporeans who plans to buy a property for own occupation in Malaysia,
Housing loan from bank:
The bank will only loan you 60% of the amount of the property.
If you have a business in Malaysia, it will be 70%
You need:
The Singapore business registration
Your income tax for the previous year
Your saving account passbook.
NRIC
He forgot to mentioned SCB but i think you need that too.
Any bros got any extra info on this? like any bank will allow for more loan %?
for self employed Singaporeans who plans to buy a property for own occupation in Malaysia,
Housing loan from bank:
The bank will only loan you 60% of the amount of the property.
If you have a business in Malaysia, it will be 70%
You need:
The Singapore business registration
Your income tax for the previous year
Your saving account passbook.
NRIC
He forgot to mentioned SCB but i think you need that too.
Any bros got any extra info on this? like any bank will allow for more loan %?
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Just get more info from the developer:
Actually for foreigners aka Singaporeans , the bank loan can be up to 80%. It depends on your bank statement and other stuffs to determine the loan amount. 60% is the low side.
There is also a Transfer of ownership stamp duty which is about 24k RM for a 1 million RM unit. ( 2 years later then pay)
and there is also a bank loan stamp duty which is about 10k RM.
And also the consent approval to buy property in Malaysia which cost 700RM
You also need to pay Booking fee of 50k RM ( deposit) and then within 10 days to get the Sales and Agreement from Lawyer , after that, you will need to pay the balance of the 10% of the purchase price of the unit. If the unit is 1 million RM, so that will be 100k, so you need to pay another 50k for it.
The balance amount will be bank loan or you pay by cash.
any bros here can tell me what i miss out. But i think self-employed is 60% bank loan..
Actually for foreigners aka Singaporeans , the bank loan can be up to 80%. It depends on your bank statement and other stuffs to determine the loan amount. 60% is the low side.
There is also a Transfer of ownership stamp duty which is about 24k RM for a 1 million RM unit. ( 2 years later then pay)
and there is also a bank loan stamp duty which is about 10k RM.
And also the consent approval to buy property in Malaysia which cost 700RM
You also need to pay Booking fee of 50k RM ( deposit) and then within 10 days to get the Sales and Agreement from Lawyer , after that, you will need to pay the balance of the 10% of the purchase price of the unit. If the unit is 1 million RM, so that will be 100k, so you need to pay another 50k for it.
The balance amount will be bank loan or you pay by cash.
any bros here can tell me what i miss out. But i think self-employed is 60% bank loan..
Last edited:
1MDB to kick-start RM18bil M'sia-Abu Dhabi alliance
Bernama • Apr 16, 13 11:52AM
1Malaysia Development Bhd (1MDB) is ready to kick-start the operations of the strategic RM18 billion Malaysia-Abu Dhabi economic partnership.
This comes after successfully raising US$3 billion for investments in strategic and important high-impact projects like energy and strategic real estate.
The government’s strategic development vehicle said through the 50:50 joint-venture company, Abu Dhabi Malaysia Investment Company (ADMIC), 1MDB and its partner Aabar Investments PJS will leverage on their global resources to drive these initiatives.
“Both countries are committed to now kick-start the operations of this strategic RM18 billion partnership.
“1MDB opted for a private placement to ensure the timely completion of this economic initiative,” read a statement from 1MDB today.
The capital is an integral part of the government-to-government collaboration between Malaysia and Abu Dhabi on a strategic partnership sealed on March 12, 2013.
1MDB said its Tun Razak Exchange (TRX) could potentially be the first investment undertaken by ADMIC.
TRX is estimated to generate a gross development value of RM26 billion and attract 250 of the world’s leading companies, creating 40,000 new job opportunities for knowledge workers.
The multiplier effect generated will produce up to 500,000 new jobs - directly and indirectly throughout Malaysia - by the time it is fully completed.
Bernama • Apr 16, 13 11:52AM
1Malaysia Development Bhd (1MDB) is ready to kick-start the operations of the strategic RM18 billion Malaysia-Abu Dhabi economic partnership.
This comes after successfully raising US$3 billion for investments in strategic and important high-impact projects like energy and strategic real estate.
The government’s strategic development vehicle said through the 50:50 joint-venture company, Abu Dhabi Malaysia Investment Company (ADMIC), 1MDB and its partner Aabar Investments PJS will leverage on their global resources to drive these initiatives.
“Both countries are committed to now kick-start the operations of this strategic RM18 billion partnership.
“1MDB opted for a private placement to ensure the timely completion of this economic initiative,” read a statement from 1MDB today.
The capital is an integral part of the government-to-government collaboration between Malaysia and Abu Dhabi on a strategic partnership sealed on March 12, 2013.
1MDB said its Tun Razak Exchange (TRX) could potentially be the first investment undertaken by ADMIC.
TRX is estimated to generate a gross development value of RM26 billion and attract 250 of the world’s leading companies, creating 40,000 new job opportunities for knowledge workers.
The multiplier effect generated will produce up to 500,000 new jobs - directly and indirectly throughout Malaysia - by the time it is fully completed.
The brochure mentioned something about living, working and entertaining. There would be some serviced residences it seems but not sure of the scale.
http://www.1mdb.com.my/sites/default/files/TRX_Brochure.pdf
Hi Sgtsk
THE Tun Razak Exchange (TRX) project gains big momentum as 1Malaysia Development Bhd (1MDB) awards its first package of earthworks and substructure contract to WCT Bhd.
The RM169.26 million contract is the first in a series of TRX earthworks and civil engineering jobs to be awarded, 1MDB said in a statement yesterday.
Read more: WCT secures RM169m Tun Razak Exchange job http://www.btimes.com.my/articles/WCT16/Article/#ixzz2QeM4MvnM
It already on the way
THE Tun Razak Exchange (TRX) project gains big momentum as 1Malaysia Development Bhd (1MDB) awards its first package of earthworks and substructure contract to WCT Bhd.
The RM169.26 million contract is the first in a series of TRX earthworks and civil engineering jobs to be awarded, 1MDB said in a statement yesterday.
Read more: WCT secures RM169m Tun Razak Exchange job http://www.btimes.com.my/articles/WCT16/Article/#ixzz2QeM4MvnM
It already on the way
Thanks for infor! Guess the detailed devt plan should be forthcoming soon.
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Re: Other parts of Malaysia - KL
Thanks for the food link.. This will be very useful.
Thanks for the food link.. This will be very useful.
Re: Other parts of Malaysia - KL
Another popular foodie blog : http://www.bangsarbabe.com/food-reviews
Living in KL is a blast!
Another popular foodie blog : http://www.bangsarbabe.com/food-reviews
Living in KL is a blast!
Re: Other parts of Malaysia - KL
Why you should looking to invest in KL
http://biz.thestar.com.my/news/story.asp?file=/2013/4/22/business/12986537&sec=business
Why you should looking to invest in KL
http://biz.thestar.com.my/news/story.asp?file=/2013/4/22/business/12986537&sec=business
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