Harga hartanah, rumah merosot

Petikan dari Berita Harian, 31 Disember 2008

Oleh Che Wan Badrul Alias
chewan@bharian.com.my

Jatuh 15 peratus berikutan tempias krisis global

KUALA LUMPUR: Harga rumah dan hartanah mengalami kemerosotan lima sehingga 15 peratus berikutan tempias kelembapan ekonomi global serta kejatuhan harga keluli, iaitu komponen penting pembinaan hartanah baru-baru ini.

Presiden Persatuan Pemaju Hartanah dan Perumahan Malaysia (Rehda), Datuk Ng Seing Liong, berkata berdasarkan makluman dan laporan ahli, pemaju perumahan terpaksa menurunkan harga berikutan permintaan semakin berkurangan.

Katanya, ia disebabkan semakin ramai pembeli mengurangkan perbelanjaan dan bebanan kredit sebagai persediaan menghadapi kemerosotan ekonomi dunia yang dijangka mula dirasai tahun depan khususnya dalam industri perumahan dan hartanah.

Beliau berkata, penurunan harga beberapa komponen utama bahan binaan seperti keluli yang kini hanya RM1,900 daripada RM4,100 satu tan turut menjadi penyumbang kepada kejatuhan harga rumah dan hartanah di beberapa tempat seluruh negara.

"Keadaan ini disebabkan krisis ekonomi global. Kejatuhan harga rumah dan hartanah berlaku mengikut tempat serta bergantung pada permintaan kerana masih ada tempat yang tidak terjejas.

"Kejatuhan harga hartanah paling teruk adalah 15 peratus.

"Mei lalu, kos pembinaan melonjak sehingga 30 peratus berikutan harga bahan binaan utama meningkat tapi ketika harganya jatuh, kos pembinaan dikurangkan sekali gus meringankan beban pemaju menyambung semula projek.

"Kini hanya kos pengangkutan masih tinggi," katanya kepada Berita Harian, semalam.

Mei lalu, akhbar melaporkan kerajaan memansuhkan harga siling besi keluli sebagai langkah mengurangkan beban yang ditanggung pemaju akibat kenaikan harga bahan api dunia, sekali gus supaya merancakkan kembali industri perumahan dan hartanah.

Dua bulan kemudian, kerajaan mengarahkan bank supaya menstruktur semula pembayaran balik pinjaman rumah bagi mengurangkan beban peminjam menghadapi kenaikan harga petrol dan diesel yang dinaikkan untuk kali pertama pada Jun lalu.

Hm.. kalau kite lihat, harga hartanah melonjak naik pertengahan tahun 208 berikutan kenaikan harga minyak menyebabkan kenaikan harga bahan pembinaan. Masa tu, One Sentul yg asalnya cuma 260k dah jadi 280k. Changkat View pun naik dlm 20k. Tapi nampaknyer, keadaan dah terbalik sekarang. so, kuasa dan peluang ada pada saper yg ada cash sekarang ni utk beli hartanah ni sementara harganya merudum.

No money?no talk...

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exam result

last week, my pain and stressful unstable emotion of waiting for my last sem's final exam result ended. on 18 dec evening, the result successfully released online (after 6 times checking on 17 dec and 5 times checking on 18 dec morning.. hehehe).
alhamdulillah.. i passed all the papers.. and all my friends too!
congratulations to myself, mayah, anim, mazni, rozia, huda, asmath, zura and all coursemates!
we did it!

the most grateful thing is i got a- for constitutional law 1! alhamdulillah.. thank you very much Allah.. thank you very much Prof Shad for the great lecturing and kind marking of our answers..
actually, i was so worried that i will fail conti 1 because during the exam, i mistakenly interpret the wall clock. i do not have watch for the last 4 years until now. so, in the exam hall, i depended solely on the wall clock provided at the front of the hall or to announcements made by exam invigilators. While rushing on answering the Part C question, i kept on looking at the clock that is actually a little bit far from me, makes it not really clear from my view. Looking at the clock, I was so confident that i have 1 hour and 30 minutes left so that i have just enough time to answer part a ( 7 or 8 short questions) and part b (3 long questions). However, i was really shocked when the invigilator announced that there are only 30 minutes left! oh no.. i have 10 questions more to answer!

You can imagine how kalut i was. the fingers shacking while i wrote down the answer fastly.. very fast! i am saying to myself, ya allah.. aku akan fail subjek ni macam ni.. tolong la aku ya allah..

i just strive to answer the best i can, the most i can.
fell so sad becoz, if not becoz of the wrong clock interpretation, i surely can answer better.. much better..

In the contrary, alhamdulilah.. Allah gave me a chance to not to repeat my fault. make sure i bring in a watch in the next exam sessions. Allah gave me a lesson that i will remember all my life and He still give me the good luck of getting the good result.

Alhamdulillah..

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BLR going down?

Bank Negara has announced to cut on the benchmark Overnight Policy Rate (OPR) by 25 basis points (bps) to 3.25%. This is expected to give a good news to property investors but bad news to fixed deposit income earners. BLR is expected to go down from the current 6.75% to 6.5%, a very good news to property investors. This will lessen the monthly loan payment and the total repayment amount, depending on the home loan package they applied. This is contradict to rumors spread from the mid of year that the BLR will likely to increase to 8%.. makes lay people fear to buy any property. If you hold a fixed rate home loan, this news do not bother you at all.

But, unfortunate situation for fixed deposit income earners. The FD rate is expected to be lower too.. makes the income earned from the interest of the deposit lesser than below. Hm.. for bumi, we have another choice.. put your money to the ASB which provides a much higher profit up to 9% per annum. We also have lots of PNB products to choose. But for non-bumi, they have a limited products, such as ASW. That is why everytime ASW sell their units, it is sold out very fast!

I would like to share with you an article from iProperty about the expected BLR rate. Enjoy the reading!

Cheaper loans
Bank Negara Malaysia announces positive cuts
Dec 10, 2008

Getting bank loans should become an easier and cheaper process following Bank Negara Malaysia’s announcement to cut a key benchmark rate, effective 1 December 2008.

Several banks have since
announced plans to lower rates for loans and financing, with some institutions calling up potential clients and offering loans over the phone.

Malayan Banking Bhd (Maybank), Maybank Islamic Bhd, CIMB Bank Bhd and CIMB Islamic Bank Bhd are among the banks that have announced revisions in their base lending and base financing rates to 6.5 per cent.

Datuk Seri Abdul Wahid Omar, group chief executive officer of Maybank, said the move would see borrowers benefiting immediately, as interest rates of all loans pegged to the bank’s BLR would be adjusted accordingly.

Datuk Seri Nazir Razak, chief executive of CIMB Group, believes that the move would help existing and potential borrowers deal with the sharply moderating economic growth.

Nazir Razak said in a statement that customers could also expect to pay lower rates for Islamic financing compared with conventional loans at CIMB Group.

Yeah Kim Leng, group chief economist of RAM Holdings Bhd, expects banks to lower interest rates for both loans and deposits. According to him, such an action would result in borrowers paying less to service their existing loans with floating rates, while individuals and businesses seeking to borrow from banks will find the cost of borrowing now lower.

The lower cost of borrowing or monthly repayments would encourage consumers and businesses to either spend or save more, depending on individual circumstances, said Yeah.

“On the flip side, deposit rates will also decline, meaning less interest income for savers. A cut in interest rate is a form of disincentive to save, thereby encouraging people to spend,” explained Yeah.

Higher overall spending would help industries and companies remain in business and not have to cut back on production and employment. Housing developers also stand to gain, with the rate cut encouraging more people to buy homes.

Datuk Ng Seing Liong, president of Real Estate and Housing Developers’ Association Malaysia (Rehda), said: “I am confident that the reduced rate will convince those who have been adopting a wait-and-see attitude to close the deal on their dream homes.”

Ng added that there should always be easy access to affordable financing for the housing sector, both for bridging and end financing, as the property sector has proven to help generate domestic growth during previous downturns.

Rehda has proposed for the central bank to set aside a dedicated financing quota for the housing sector and relax restrictive draw-down requirements.

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Organ Donorship

For the last 4 years, I am looking for procedure and venue on how to be a registered organ donor. I asked government clinics but they asked me to get info from any govt hospital. Unfortunately, when i went to hospital, it must be for the purpose of visiting warded office mate and I came with other office mates. So, it is not nice to make them waiting for me while i searching for the correct counter to inquiry info on the registration.

Thanks for the great IT team from Unit Perkhidmatan Transplantasi, Bahagian Perkembangan Perubatan dan Pusat Sumber Transplan Nasional, who develop a special website for the organ transplant. I notice of its existence from advertisement on tv. It provides info on organ transplant, being an organ donor and some successful stories of it. The Web is http://www.agiftoflife.gov.my/

So, yesterday, I downloaded the registration form, filled it and faxed it to the fax number given. It was so easy. I plan to donor my kidneys, heart, liver, lungs and my cornea to those who need it more compared to my cold died body.

Alhamdulliah, the fax machine report stated that the transmission is ok and now I am waiting for the donorship registration card to be sent to me.
:)

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vista angkasa - part 10 - DBKL letter and Authorisation letter

Last two weeks, i received a letter from DBKL confirming the transfer of ownership of the Vista Angkasa unit from the vendor (the previous owner) to me. Alhamdulillah.. my dream to buy a unit of Vista Angkasa is now almost becoming a reality.

After receiving the letter, my lawyer, Shuna, who is also acting on behalf of the vendor, continue with redemption procedure.. getting the balance of loan of the vendor to be cleared. Then, on last week, after doing some calculation, she prepared an authorisation letter and emailed to me to get my signature. In the letter, I admit and authorise my loan bank (alrajhi) to pay my loan amount to:
1) the vendor bank for the full payment of the vendor's full balance of loan
2) Hasnan Hamzah as the stakeholder of the vendor an amount of money which the selling price minus the amount above
3) my saving account if there is still any balance after deducting the two above, which is actually no balance unless the calculation above is incorrect.

Then, Shuna sent her firm's despatch to collect the letter from me to be sent to Alrajhi.

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Anggerik Perdana: house repainting

Salam Aidiladha for all readers..
Yesterday I got a comment from an unknown reader, requesting me to update my blog. For how long i am not updating it ha?Owh... more than two weeks!! ok, its too bad.

Actually lot of thing happens within this two weeks that limit my free time to update the blog.

Since I moved to my new house, I planned to do repainting. The original dull yellow colour makes me feel bored.. :( Even though my mom said, " Kan sayang cat asal tu.. cat baru tu..", I still stick with my plan to paint it with my self-picked and favourite colour..hehe.. two colours flew into my mind...

So, 15 Nov 2008 (Saturday), my sister and I go to a hardware shops. We also looking for tikar getah actually.. My house is not built with tiles, low-cost.. And I am short of budget to put tiles now. So, tikar getah sounds ok. Then, we found that there are one hardware shop in Taman Pinggiran Putra selling paints at a price of lower than i used to buy .Lucky me! I bought four different colours, a couple for bedrooms and a couple for my living hall. For a 7 litres, it cost me around rm30 - rm 45 each, depends on the colour and brand. I chose Walltex from SeaMaster and Maxilite from ICI Paint because they are economic and provides a range of colour i want. If you have a bigger budget, of course you can buy a better paint, a premier paint by jotun or dulux maybe..

The repainting works started on 22 Nov 2008, Saturday at 2.00 p.m. Alhamdulillah, my mom, my sisters Sitie and Itah and my brother-in-law, Zahim came to lend a hand.. becoming a good and skillful painting team, chewah...

For a 7 litre paint, when i painted the feature walls of the two bedrooms, there are still less than half left. But for a non-feature wall, it is just enogh (almost not enough actually.. hehe) for the two rooms. Then, for the feature wall of my living hall which includes the dining area, still less than half left. The same goes to for a non-feature wall paint for the area. This means that, I need to buy another paint for my third single room and my sister, sitie can take away all my remaining paints for her new house in Kuantan! What a good news to her.

Actually, you can do the painting by yourself. No need to hire someone. You just need enough paint, water (if you need to thin the paint), enough rollers for all team members, maybe one or two small brush or small rollers for the small areas, the 'bekas utk gelek' (i dont know what people call it) and a stairs. If you not expert, u may need masking tape to cover the boundary so that the painting boundary looks nice.

Excluding the kitchen and the 3rd room, we completed the painting works on 12.00 pm on the next day. Because after that, Sitie, Zahim and I rushed to few furniture and lighting shops because sitie and zahim want to do shopping for their new house. I also have a makan-makan invitation at Anim's house.

(hey, anybody want to borrow me digital camera? i want to take few snaps of my painting works result and put it here..)

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interior design website

after almost finish did the repainting work, i am now looking and hunting for ideas of my new house's interior design.. . After googling around, i found this website useful. It provides interior design photos for you. There are lots of photos and it is absolutely free!

It is http://www.decor-photos.com/

I also found an interesting blog regarding interior design from a local man. It is http://www.howshouse.com/

I do not have any ideas of decorating a house or even picking a theme for it(english style? zen? manhattan style? what is it?) But since i am start staying in my own house, this is the thing i force myself to do.. hopefully the interior look of my house will be ok, not end up with a taska mood..
:)

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Leave Vacant or Rent It? The Optimal Decision for Home Seller

I was requested by my lecturer to do an executive summary writing on any self chosen research report for my 20% coursemark marks and 20% presentation marks. Bet what research I chose? It was Leave Vacant or Rent: The Optimal Decision for Absentee Home Sellers, a research done by Terrence M. Clauretie and Marvin L. Wolverton from USA. It is basically about, if an owner wish to sell their house, which decision will profit them most; rent it or leave it vacant?The decision is based on the time on market (TOM) that is from the time the property put for sell untill the house is completely sold and also in terms of the final purchase price. The reserach was done in US, by collecting data of 55,202 houses sold in the Las Vegas from January 2001 until March 2004. The conclusion of the research finding is that in US, buyers prefer to buy a house with owner-occupied, compared to vacant or tenant-occupied. Then, house with tenant occupied takes longer time to sell (more value on TOM) and lower purchase price compared to vacant house. in other word, if you want to sell your house, it is better for you to leave it vacant compared to rent it out cause it will take longer time to sell and the price will drop.

Here is the full executive summary for the reserach:

All real estate owners who put their residential property for sale are in the aim of gaining the most wealth from the transaction. In doing so, they face dilemmas; should they move out and rent it, keep it vacant or keep stay in it until the house is already sold in order to enjoy the most of financial profits. Most owners tend to move out and rent it to get passive income while it is listed for sell but this is said to extend the time of market (TOM) and decrease the selling price. Previous research found that houses with vacant possession have to be sold at lower price with longer TOM compared to owner-occupied. Selling a house with tenant-occupancy also gives the same unhappy situation to the seller. Therefore, this study will find out to what extend the possession status of the residential property in the market affects the final selling price and TOM.

The study has been conducted by generating a simple model of the buyer’s decision to rent a property that will reflect the property owner’s financial position. It is then followed by collecting data of 55,202 houses sold in the Las Vegas from January 2001 until March 2004. Variables of data captured are sale price, time on market (days), improved living area (square feet), home age (years), lot size (square feet), number of bedrooms, number of bathrooms, number of garage stalls, existence of a pool and number of fireplaces. The data captured also covers occupancy status variables that are owner-occupied (33,013 sales), tenant-occupied (1,866 sales) and vacant (20,333 sales). Then, the data is scientifically tested and analysed by using the rental decision model generated.

The major finding of the study is it proves that residential property buyers are in favour of buying owner-occupied houses compared to tenant-occupied or vacant houses. In total, considering the mean price $195,418, tenant-occupied house owners lost about $34,980 when the quantity of their houses sold is 17.9% less than owner-occupied ones. On the other hand, owners of vacant houses lost approximately $6,645 when their houses are sold for 3.4% less than owner-occupied ones too. In terms of TOM, tenant-occupied houses are harder to sell whereby it takes around 66 extra days or 147% more in TOM value compared to owner-occupied units. Vacant houses selling transactions are of better situation where it only requires extra nine days equivalent to 20% more in TOM value. The study also identifies two other variables that affects the TOM but are not captured in the data collection. It might be the sellers’ passionate plus the unknown and overpriced or special criteria of the properties.

In concluding the research, renting a residential property to be sold is a not a wiser decision compared to leave it vacant since it results a bigger difference in the number of days on the market that is 66 days versus nine days. The final selling price difference between the two options is also high that is with the net loss of $28,335. Handling a property will incur cost of approximately 1% of property value per month, equivalent to $64. Even though renting the property will generate passive income to the owners of average $45 per day, after adopting all variables’ value into the model generated earlier, it eventually causing them to bear additional 14% cost from the mean property price that is equivalent to $27,224 per unit. This might be as a consequence of tenants who do not give enough cooperation in helping to market the house or because of the physical condition of the property under their possession.

This study highlights a couple of recommendations that are:
• More research should be conducted in focusing the tenants’ behaviour and its impact on the property market;
• Efforts should be promoted in conducting research on real estate agents’ troubles in renting a property and its impact on TOM and selling price.

However, there are limitations in this analysis study. The data collection is excluding houses with selling price less than $100,000 or more than $600,000 in order to control the variable of luxury to the study. House with land greater than one acre is also exempted from to prevent the land access factor. This limitations reduce the research findings’ applicability for all real estate properties especially houses with these two criteria.

This is a US based research. How far the finding is applicable to Malaysian real estate scenario is another issue. I wish to read a study report on the same scenario in Malaysia.. so that we all know which one is a wiser decision, rent it or leave it vacant.

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MAPEX 2008

Don't have any plan this weekend?
Friends, MAPEX 2008 is around the corner. From 7 - 9 November at Mid Valley Megamall from 10.00 am to 9.00 pm. It is so good to be there for property's window shopping .. hehe.. and to make you keep updated with the current and latest property development projects.

If you wish to buy, remember, do your own research first. Don't just believe every single word that come out from the agents' mouth. It is still the best way to visit the show house first, not only the booth.

Otherwise, you can fill up your weekend calendar by visiting Azizi Ali's office for book shopping and attending short talks as in my previous entry.

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TrueWealth Day

I would like to share with you all a good news i received from Azizi Ali, in case u are not subscribing his newsletter.

TrueWealth Day is coming.

We have planned an exciting event for you at our office in Kelana Jaya.

On Saturday Nov 8, we are having our first ever TrueWealth Day promotion. From 10 am until 5.30 pm on that day, we are having a Special Sale at our office where selected books are going for discounts of up to 70%. Further, if your purchase
exceeds RM150, you are also entitled to a free book. To make the day even more memorable, we will be having some of our authors there. So this is an opportunity for you to meet your favourite authors, ask them questions, get their autographs and even have your pictures taken with them.

These are some of the authors that will be giving talks at the event:

LIST of AUTHOR

1)----------------------------------------------------------

Dr Norman Norawi
TIME = 11.00am – 11.30am
TOPIC = Antioksidan

2)----------------------------------------------------------
Eruwan Gerry Norsen
TIME = 12.00pm – 12.30pm
TOPIC = Money making opportunities on Lelong.com and eBay

3)----------------------------------------------------------
Gobala Krishnan
TIME = 2.00pm – 2.30pm
TOPIC = Turn your passion into an online business

4)----------------------------------------------------------
Mohd Suhaimy
TIME = 3.00pm – 3.30pm
TOPIC = Rahsia Blogger

4)----------------------------------------------------------
Azizi Ali
TIME = 4.00pm – 4.30pm
TOPIC = TBC

Our address is A-2-11, Jalan SS 6/5A, Dataran Glomac,
Kelana Jaya. Tel: 7880 1051.

We are located at a shoplot in Dataran Glomac which is
behind the Giant Mall in Kelana Jaya. Prominent landmarks
are Menara Kelana Parkview, Maybank, Al-Rajhi Bank and also
Sari Ratu Indonesian restaurant (we are above the
restaurant).

And yes, there will be free drinks served as well. So tell
your friends, family and colleagues about the event, and
bring them all to our office on that day.


Azizi Ali
Millionaires Coach


PS Our Money Back Guarantee offer stands as per normal. We
are the only publisher in Malaysia giving a Money Back
Guarantee on our books (conditions apply). In short, you
have everything to gain and nothing to lose.


True Wealth Sdn Bhd
A-2-11 Dataran Glomac, Jalan SS6/5A
Petaling Jaya
Selangor 47301
Malaysia

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a blog reader from Terengganu

Yesterday, a blog reader who is now officially my friend came to KL to handle his Vista Angkasa purchasing. He is from Terengganu and came to KL just for the purchasing purpose. He contacted me through email since one and half months ago and I managed to help him by getting a good lawyer (which is my lawyer for Vista Angkasa purchasing too) and a very kind lawyer's staff to pick him, bring him to bank and to the law firm's office for the deal between him and agent, witnessed by the lawyer.

He successfully paid the 3% booking fee. The lawyer, who acts in behalf of both parties, will prepare the s&p, help to apply bank loan and all the procedures. Thank you to the lawyer, Mrs Hazlin and Ms Siti Hanim from Hasnan Hamzah for helping my friend.

Before going back, I managed to meet him yesterday evening and we had a very interesting chat. Thank you for buying me Filet-o-fish set. :)
Hm.. Maybe he is now safely arrived at his hometown. Its an honour to meet you!

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vista angkasa - part 9 -deposit payment to DBKL

Last week, I received an update for my Vista Angkasa from my lawyer. After receiving the surat ikatan penyerahan hak from the vendor, DBKL sent a letter to my lawyer requesting me to pay some fees, that are:

1. Admin fee - rm50
2. water deposit - rm110
3. service charge deposit - rm 240

TOTAL = RM400.00

I don't want to delay the process any longer, thus paid it cash when I met my friend, anim who work at the firm at our other friend's open house.

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career advancement

alhamdulillah, last week i officially received a good news, i successfully climb one step further in my current career. not me alone but also my four friends who reported with me at the same date 4 years and 10 months ago.. alhamdulillah and congrates to rozia, zai, kak ain, adah and me! Also congrates to KPMmate; Azira LPM, Hazira BTP dan Liza BTMK.

supposed, this week is my last week in kementerian pelajaran, but I plan to apply for postponement for another 2 weeks. My boss, of course, feel happy with my application and ready to support the letter. There are lots of things need to be settled before I go, or at least need to be started and ensure it is working and in progress. Ayat and I started the operation of this unit from scratch and it is not so easy to leave it. It is also not easy to say good bye to Sekolah Sukan IT team which I cared for this period of time, plus the new Sekolah Seni. The most difficult part is to say good bye and to leave Ayat, my teammate who has been struggling with me and enjoying all the moment of happiness, sadness, failure and success with me. Thank you ayat for all your contributions and ideas. You helped me a lot! More than what you can imagine.

Hopefully, I will able to serve my new organisation better and better.

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Anggerik Perdana - part4 - interest charges

It has been so long not to update my blog and replying emails. Sorry friends, i have a tough meeting out of my office for two weeks, making me hard to access the internet in terms of infrastructure and time.

Congrates to myself. I already get the key of the first property i bought. Even though it is just a low-cost, but back in 2006, when I knew so little about property investment, this is a good move. Thanks to ctfarazila for the wish, thanks to aryz for a neighbourhood introduction! and to ruby, wish you good luck with your apartment left in KL, rite? :) any prob u can just call me. I am ready to answer you.. hehe..

ok, back to my story. I successfully get the key of the house after settle all the payment requested by the developer, that are:
1. interest charges - rm 483.22
2. quit rent 2006, 2007, 2008 -rm 25.00
3. 1 month maintenance deposit - rm 60.00
4. 3 months maintenance charges - rm 180.00
5. 3 months sinking fund - rm 24.00
6. water and electricity deposit - rm 0.0
7. insurance (5/9/2008 - 4/9/2009) - rm 52.45

TOTAL = rm 824.676

Ok, do you notice the bold red in colour charge above? yes, that is the unhappy part.
What is it? ok, it is actually none of my fault (supposed la..eheh).
Back to 2006, I applied RHB Islamic bank loan ASAP after I pay the deposit of RM1k to the developer. All my loan application and agreement procedure runs smoothly, nothing pending. I have a friend, Juraida, who applied the same loan but signed the loan agreement almost one month later than me. One of my officemate, Khaty, who applied for AmBank also signed the loan agreement about two or three months later.

Unfortunately, the developer stated in the overdue interest statement that my bank delayed the first five progressive payment to them for 83 days, that are:
1. 10% payment upon singing S&P
2. 10&% payment upon completion of foudation and footing works
3. 15% payment upon completion of reinforced concrete framework
4. 10% payment upon completion of walls with door and window frame place
5. 10% payment upon completion of roofing, electrical wiring and plumbing.

I tried to call bank for an explanation why they late in doing the payment for me. Juraida, my friend who signed the loan agreement later than me for the same bank do not charged this much because the bank pay for her earlier than me. Kathy, whose loan procedure is much delayed to be completed, only charged with interest of rm15x. This is not fair! :(

Yeah.. at that time, i was too young, too fresh in this field. Its my fault that i do not check with them whether the payment is done on schedule or not but bank should not so slow and lembab, rite?

My lawyer of Vista Angkasa purchasing and my friend from Hasnan Hamzah said that I can plead for reduction of interest but the process will take some time. Tired of waiting for another procedure, i just pay the interest and all charges and take the key. Inspecting the house with the developer, I requested them to change the sink bcoz there are cements splash on it. They promise to replace it asap.

Hm..

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Anggerik Perdana - part3 - news on key handover

On Wednesday, I got another good news.
Getaris, the developer of my Anggerik Perdana low cost apartment informed me that RHB ISlamic has done full settlement of my house financing. That means that.. tara.. I will receive the letter to handover the key by next week. Alhamdulillah....
Actually, among all 9 of my friends who buy properties from this project, only 3 of us will get the key first. It is because only RHB Islamic have paid it full, not their financier which are Ambank, AmIslamic and Bhg Pinjaman Perumahan (government loan).
Earlier, I planned to rent this unit but now, I change my mine and decide to stay there. Just have difference in the first two line of my postal address.
:)

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vista angkasa 9- surat ikatan penyerahan hak diterima

Ahamdulillah.. last two days, when I contacted my lawyer, she informed me that the 'surat ikatan penyerahan hak' that missing from DBKL office and caused my whole Vista Angkasa Purchasing procedure pending, has been found at the previous lawyer office and has already sent to DBKL office before Hari Raya. Phew!..
I expected the transfer of property will run smoothly after this. Really excited to have it 100% mine.

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vista angkasa 9- surat ikatan penyerahan hak diterima

Ahamdulillah.. last two days, when I contacted my lawyer, she informed me that the 'surat ikatan penyerahan hak' that missing from DBKL office and caused my whole Vista Angkasa Purchasing procedure pending, has been found at the previous lawyer office and has already sent to DBKL office before Hari Raya. Phew!..
I expected the transfer of property will run smoothly after this. Really excited to have it 100% mine.

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Your question answered 2

Lagi emel yg saya terima untuk rujukan bersama.

Soalan:

Hai, Assalamualaikum..
saya minat nak wat investment dlm hartanah tp macam pengetahuan takde... kalau leh share ur knowledge

Jawapan:

wsalam,

Untuk dpt knowledge dlm hartanah, mmg sangat bagus encik membaca dan
dptkan makluman dr internet dan blog, apatah blog saya. :)
Terima kasih.

Cuma kalau boleh, saya nak cadangkan encik beli buku2 tentang hartanah dr Azizi Ali dan renesial Leong. Mereka mmg ajar satu persatu dan sumber nyer lengkap.Lagi bagus kalau dapat menghadiri seminar2 mereka. Apalah sangat harga buku dan seminar berbanding dgn nilai hartanah yg akan kiter beli .. besar risiko kalau tersilap langkah.

Selebihnya, boleh la melawat blog saya lagi untuk lebih cerita dan pengalaman untuk dikongsi.
Terima kasih

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Chinese investors' taboo?

Yesterday, i and my office mate had a lunch on the way back to our office from bukit jalil sports school for PPSMI ICT equipments monitoring. We had a property chat then. She shared with me one tips on how to be so lucky in real estate. ops, is it a real tips? i prefer to call it a taboo. She said that, few chineese taikos in real estate said that, to have luck and succeed in real estate, DO NOT EVER SELL YOUR FIRST HOUSE. u can keep it, rent it, stay in it or do anything but not sell it.

I do not 100% believe this has direct impact to our luck or 'rezeki'.. but it is not wrong to follow it. Our first house has the most sentimental value what.. Plus, i am kind of taboo believer too! (even though one of my close friend said that I do not believe to intuition and fate.. ok, everybody has right to say anything.. we practise freedom of speech..)

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salam aidilfitri

harap masih belum terlewat untuk mengucapkan salam aidilfitri kepada semua kawan2 dan pembaca blog ini. Atas segala salah silap terkasar bahasa di dalam penulisan ini mahupun yg mengenali saya secara peribadi, saya pohon ampun dan maaf. Saya memang seorang yang mempunyai banyak kelemahan dan kekurangan.

Alhamdulillah raya kali ni berjaya dijalani dengan baik. Berpeluang beraya dengan ibu dan bapa saya serta turut mengunjungi kampung nenek di batu pahat. Cuma raya kali ni, kami dikejutkan dengan berita kemalangan makcik dan pakcik yg sama2 tinggal di jengka ni. Mereka dan dua org cucu dlm perjalanan pulng ke kampung di johor namun terbabas akibat pemandunya iaitu cucu mereka terlelap. Alhamdullillah.. orangnya selamat walaupun kalau tgk kedaan kereta, mmg sgt teruk kancil 660 tu terbabas, terpusing dan tercampak ke dlm parit dengan keempat2 tayar di atas. Alhamdulillah makcik, pakcik dan anak sedara sepupu selamat. Alhamdulillah.. Jadi, kepulangn kami ke johor kali ni sekali dengan melawat mereka di sri medan.

Esok insya allah akan pulang ke ibu kota. Doa saya, untuk kawan2 dan saya sendiri yg memandu pulang ke ibu kota semula, semoga selamat pjalanan kita semua. Hati2 memandu. Jangan kedekut masa utk berehat dahulu jika mengantuk. Biar lambat asal selamat.

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vista angkasa - part 8 -Surat ikatan penyerahan hak

It has been 3 months now that my Vista Angkasa purchasing procedure pending due to DBKL unable to process Confirmation and Undertaking request. It is because, they have yet to receive the copy of duly stamped "Surat Ikatan Penyerahan Hak" between the current owner, Kak Munirah and her vendor when she bought the house. Without the letter, the whole process is now stucked.

Why is this happens? Ok, this happens because of the lawyer hired for the purchasing, that is K. Sila Dass & Partners, did not submit the important letter to DBKL, which is actually not supposed to happen. To make the thing worst, the lawyer has moved form KL to Kluang but all the files are left in KL. Even my lawyer, Hasnan Hamzah has submitted a letter to the former lawyer, requesting them to submit the document to DBKL as soon as possible. Unfortunately, still we receive nothing. Last week, my lawyer send a letter to the owner's banker.. requesting the same document too. This time, I hope the problem can be settled. amin..

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kondo rakyat desa pantai

My friend, Zee informed me on last Monday, that she interested to an auction unit at Kondo Rakyat Desa Pantai. The reseved price is RM58k. She found the advertisement from the auctioneer website and give me the link for me to review. She asked me to help her contacted the auctioneer to get more info.

So, after getting the info and reported back to my friend, Zee and I agreed to surveyed the house on Tuesday evening. We expected that it must be located somewhere next to Bukit Angkasa. However, because we was not so sure, we planned to find it by my motorbike only. Easy to make u-turn.. hehehe..

On that evening, we lost .. from Kerinchi untill arrived at Kg Pantai Dalam. At last,after almost one hour searching, we successfully found it. The unit is locked. All the windows are tightly closed. The neighbours said that the house was vacant since last two years. The neighbours living opposite the house is students from UM, renting the apartment for rm550/month while the neighbour living next to the house is an Indon lady, renting the apartment for rm500/month. Next 3 - 4 unit from that house is claimed to be haunted! Scary! But the indon lady said, her house is OK, clear. Only that house has few night disturbance.

After satisfied checking around, we went back. Zee is still considering whether to bid the house or not. She has applied for Proclamation of Sale from the auctioneer and discussing with her parent.

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162 residency - part 2

Regarding my previous blog entry on 162 residency, I have been asked by few readers, why my friend cancelled the booking. Personally, I think it is a good project with good prospect. That is why I supported my friend at the first place when she wanted to place the booking. However, there was two reason why we became doubtful about this project:

1) It is built on commercial land, means a serviced apartment unit
2) The developer, as what was told to us by the agent, did not even allow buyers to hire own lawyer for any legal proceeding.. make us suspicious

Fortunately, my friend found a subsale apartment unit at Taman Bukit Angkasa which is cheaper than 162 residency and with proven rental market. Buying a ready property is still better than a will-be-developed one.

Anyway, our decision is not necessarily suitable for all. 162 residency is still a good buy for its buyers.
:)

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Putra Perdana for rent - part 2 - prospective tenant visiting

My brother-in-law, Zahim got a lot of calls from prospective tenants for his apartment at Taman Putra Perdana, as it has been advertised here, mudah.com.my and through yahoo messenger. The first prospective tenant came with her husband, her mom and 2 of her children. However, her mom conquered all the conversation. The mother gave unacceptable and illogical reason and story why her daughter and son-on-law wish to rent the house. The husband of the daughter was silence all the way. The couple's profession is doubtful and the mother requested for 1+ 1 deposit, not 2+1 as asked. If we insisted on 2+ 1, we needed to structure the deposit so that the deposit came with two month installment! haha.. a mother who drove Toyota Unser says that.. illogic! I dont think a poor people will drive this kind of SUV. The most scary thing was their two boys slammed the door grill and tried to play with my handphone which was right in front of me!

Yesterday, a groom-to-be came and visited the house. He read the advertisement from yahoo mesenger sent by my sister, Sitie. Sitie was actually her classmate while they were at MMU but he did not expect that Sitie is the owner. He thought that Sitie just passed around the advertisement of someone's house. He satisfied with the house and contacted my sister by himself. FYI, I am just a trustee to show the house.. any negotiation regarding the house is up to Zahim and Sitie.

Insya Allah, next week I will hand over the key to this guy since the deal between them is successful.

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Putra Perdana for rent

My sister's medium cost apartment in Taman Putra Perdana, Puchong is now vacant. The tenant, which is actually my friend cum officemate rented it for more than two years, i think. Last month, because of her application for a linked house quarters successfull, she move out.

Last weekend, in conjunction with Merdeka Day, after attending my cousin's engagement ceremony at Taman Equine, my sister, Sitie, her husband, Zahim, my mom, my youngest sister, Itah, and I visited the house for regular cleaning works. However, looking at the condition of painting of the apartment, she decided to repaint it for a new look. I and her husband are given assignment to buy the paint, plus I need to borrow stair from my cousin too. While the others cleaning the house.

It was very hard to find an open paint shop because it was a public holiday! However, at lastt, we found one.. at Taman Pinggiran Putra.

Ok, below is the condition before the repainting works.

We started the works at 6.30 on 31 August 2008 and rest at 4.00 am on 1st September 2008. Then we go back to my house for 'sahur' and sleep. On 10.00 am, Sitie, Zahim and my mom go back to the apartment to finish the work. I had something else to do first and arrived at the apartment at 12.30 pm. On 5.00 pm, I and my housemate went to 'Pasar Ramadhan' to buy food for fast breaking. My sister arrived at my house for breaking fast only at 7.00 pm when the work completely done..

Here is the result:



So, the apartment is now ready to be rented. 3 bedroom and 2 bathroom. around 800 square feet. Apartment Kekwa, taman Putra Perdana, Puchong which is easy access to LDP, means easy to go to Putrajaya, Puchong city, Subang Jaya and Shah Alam. If you want to go to Putrajaya, you can choose either to pass thru tolled route or not. Rental asking price is RM380 but negotiable. 
This unit is also advertised at mudah.com.my

If you interested, u can email me or call zahim at 013-9814181.

update: sorry.. the apartment has been tenanted out.
it is no longer available.

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Birthday yang special

Asyik cerita pasal rumah jer, kali ni aku nak cerita pasal personal lak..

Lama tak update blog. Sebab last week aku ader hal emergency.. so balik ke kampung di Batu Pahat. Bila dah balik ke sini semula, banyak la benda pending. Tu yang tak sempat nak update blog tu..

Jumaat 29 Ogos lepas, aku, mayah, mazni dan zee rancang nak celebrate birthday anim. Her birthday is on 30th August, a day after that friday la.. kira ok la kan.. Mereka ni semua kawan-kawan baik aku yg sama-sama belajar law kat uitm ni.. kiranya rakan sekelas la.. Tapi at the end, bukan cuma celebrate birthday anim, birtday aku pun join sekali.. belated! hehe.. terima kasih geng! i love u all.. Malam tu aku dan anim dpt kad sorg satu dan kami share one dedicated cake.. makan ramai2.. tak abis makan, aku siap bawa balik lagi..




Hm.. nampaknya aku takkan lupa kad, kek dan majlis private ni seumur idup aku...

Tapi birthday aku tahun ni memang menarik. Masa malam hari birthday aku ari tu iaitu pd 4 jun, aku, Ina dan kak jue nak gi makan2 la.. celebrate birthday... ingat nak gi makan western kat kg baru. Ina ni housemate aku tapi actually aku, ina dan kak jue kawan baik sama universiti dulu.. alumni UTP. So, kami pegi jemput kak jue dulu kat taman desa. Sekali malam tu Pak Lah umumkan harga minyak naik. Kereta Ina lak abis minyak! abis kami tersangkut dlm jam kat shell tmn desa tu... ader satu waja tu isi minyak penuh2 sampai rm100++ sekali tangki minyak dia bocor.. abis tumpah! Las2 kami makan kat ledai mamak tak jauh dari shell tu jer.. huhuhu...

Actually aku terima byk ucapan birthday tahun ni.. dari Ina, Anim (wish direct dr Mekah tu.. ), dari Kak jue, Mayah, Itah, Sitie, Sha, Azri Sabah, Kamal, Suridah dan ayat. Terima kasih atas ingatan..

AYat tanya, saper yg ko harap wish tapi tak wish? Masa hari tu aku tak dpt jawab soalan tu. Tapi skang aku tau. Jawapannya adalah Julie, besfren aku masa sekolah menengah dulu.. Dia dah lupa birthday aku! huhuhu...

Ok.. rasa nak meriakkan hadiah birthday yg aku terima tahun ni, selain dri kad dan kek di atas.

Ni hadiah dari Ina.. heheh.. (apsal ader kaki termasuk dlm gambar tu? isk!) Tenkiu! ke sana kemari aku dgn beg ni..
Ni hadiah dari opis.. dari Kelab Kebajikan dan rekreasi JPJS KPM. Siap ader muka poyo aku lagi..


NI hadiah dari Zee.. hehe.. tenkiu! segan rasa sbb masa ni, aku tak tau pun biler birthday dia..

Ni hadiah dari Sha.. wah!! besnyer.. cd yang aku impikan selama ini. Aku mmg suka dgr lagu2 Elyana ni.. ilang ngantuk kalau drive


NI hadiah belated yang aku baru dpt mlm tadi... dari Kak jue.. isi kandungannya adalah wallet baru! wah.. tQ tQ! Cantik wallet tu
Satu lagi hadiah yg sangat istimewa. Sejadah kecik dari Mekah. Anim pegi umrah ari tu.. Dier balik sehari lepas birthday aku. So, hepi giler aku dapat hadiah ni! Yang paling bes sbb dier dah gunakan sejadah tu utk sembahyang kat MasjidilHaram.. Terima kasih nim..


Actually aku bertuah ader adik beradik dan kawan2 yang sangat baik ati ni.. Walaupun dlm kesibukan aku bercerita tentang hartanah, atau sibuk dgn kerja atau sibuk dgn study, aku tetap ingat dan menghragai korang semua.
:)

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Your question answered - rumah apa dan bajet

Last week, I received an email from a reader, asking questions about should he buy a house now (according to his wife advise) or just continue renting it since they live separated (his wife is a teacher in Kota Kinabalu). If buying a wiser decision, which house is a better and how much is the cost involved?

Without revealing his privacy, I put here the edited question and my answer for all reading.

Question:

saya berminat nak membeli rumah dan saya nak tau la proses2 dia, dan berapa agak2 budget yang saya kena sediakan

Kalau ikutkan saya, saya nak beli rumah untuk investment shj, nanti kalau dah tua, beli tanah kat kelantan nak duduk sana. Sebab sekarang ni saya cukup selesa menyewa rumah kat kawasan masjid pantai dalam dengan harga RM600 sebulan. Tapi masalah nya isteri saya nak suruh saya beli rumah teres 2 tingkat dan nak duduk rumah sendiri. Untuk pengetahuan puan isteri saya mengajar di sabah dan saya tinggal sorang2 je kat pantai dalam. Saya nak tanya puan berbaloi tak kalau saya beli rumah untuk duduk, sedangkan nanti saya duk sorang je, bersama isteri pon bila cuti sekolah shj.

Berrdasarkan budget, saya nak beli rumah bawah RM200K. Ada 2 option 1) kat kota kemuning harga dlm RM180K kat GreenVille dan 2) kat puchong prima harga dlm RM200K.

mengenai bank plak saya cadang nak beli guna loan bank. Dan saya cadang nak beli rumah ni untuk duduk la, sebab ini kan pembelian rumah pertama saya. kalau bole mintak pandangan puan, berapa cash yang saya kena sediakan dan kalau bole serba ringkas proses dia la...

terima kasih sekali lagi kerana membaca email ni.

Answer:

saya tak boleh nak masuk campur hal perbincangan rumahtangga encik. sebenarnya membeli rumah adalah satu investment yang sangat baik. Bagi pendapat peribadi saya, drp encik menyewa dan membayar sebulan rm600, lebih baik duit utk digunakan utk membayar rumah
sendiri. utk rm600, encik boleh membeli sebuah apartment di pantai dalam atau bukit angkasa yg bernilai rm110k.. dan ia kekal seumur hidup encik. Ini kerana, duit tetap akan habis juga jika
kiter tak belanjakannyer ke pelaburan hartanah ni kan..
of course, sekiranya encik menyewa rumah saya, saya lebih gembira encik menyewa shj kerana encik memberi saya wang yg mana saya boleh gunakannya untuk membayar pinjaman rumah tersebut ke bank. lama2, apabila cukup 30 tahun encik dan pengganti berbuat
demikian, rumah tersebut akan jadi hak milik saya kekal dgn hanya 10% deposit shj! bukan rm110k tau, tp wang saya cuma rm11k sahaja! :)

ok, nampak tak mengapa saya galakkan encik membeli rumah.

ok, sama ada rumah teres atau apartment, sbnrnya tertakluk kpd beberapa perkara.
1. tujuan pembelian
2. budget
3. perancangan dan perbincgn antara encik dgn isteri

jika tujuan adalah utk investment dan bukan semata2 utk duduk sendiri seumur hidup, encik perlu menimbang hartanah yg nak dibeli tu.. bukan semata2 memenuhi citarasa encik tetapi sebaliknya perlu memikirkan citarasa org yg akan menyewa atau membeli rumah itu nanti.
Sekiranya apartment, kadar sewa yg diperoleh, jika kena dgn tempatnya, jauh melebihi byrn bulanan yg en perlu byr ke bank. namun capital appreciation nye lebih rendah, bermakna biasanyer kalau nak jual balik, harganyer tidak la melambung tinggi sgt, tak spt teres atau
rumah bertanah.
sebaliknya kalau rumah bertanah, kadar sewa biasanyer lebih rendah dr bayaran bank. bermakna jika en bhasrat nak menyewakannya nnti, biasanyer encik perlu topup dgn duit encik sdr la gak utk bayar ke bank nanti. Tpi biasanya, kalau kena dgn tempatnya, capital appreciation hartanah jenis ni tinggi. Jgn terkejut kalau harga jualnya naik rm60k dalam masa dua tahun!

dr segi bajet, mmg biasanyer rumah teres lebih mahal. Duit yg perlu disediakan berbeza mengikut hartanah. Kalau encik berhasrat membeli dr secondary market spt yg encik bgtau saya ni, bermakna dah pasti encik kena sediakan 10% deposit dr harga rumah tersebut. Sbg contoh rumah di puchong itu bernilai rm200k, encik kena sediakan rm20k sbg deposit. biasanyer, ketika kiter confirm nak beli rumah tu lagi, owner atau agent akan request kiter byr 3% dulu sbg tanda confirm, then barulah diikuti dgn baki 7% semasa menandatangani perjanjian jual beli dgn peguam. Selebihnya, encik boleh memohon pinjaman yg biasanyer menyediakan pinjaman sehinga 90% dari harga di dalam perjanjian jual beli tersebut.

Kemudian, encik kena standby duit peguam. anggaran caj peguam, sila rujuk di calculator yg saya link kan dlm entry saya berjudul entry cost calculator atau klik di sini untuk melihat entry tersebut.

Namun jika encik membeli hartanah dr developer iaitu rumah yg baru nak dibina atau belum dibina, biasanyer mereka menawarkan pelbagai diskaun ke atas harga rumah serta bayaran guaman percuma utk pjanjian jual beli. Untuk mendapatkan bayaran peguam percuma utk pjanjian pinjaman pula, encik boleh memohon pakej pinjaman beserta zero moving cost yg mana bank yang akan menanggung segala bayaran peguam. namun begitu, kadar bg zero moving cost adalah lebih tinggi dari kadar without zero moving cost.

Bajet ini juga perlu dikaji bersama2 kelayakan pinjaman encik, maksud saya berapa had maksima yg bank boleh tawarkan pinjaman kepada encik. encik boleh la bertanya kadar kelayakan pinjaman encik serta valuation harga semasa rumah yg hendak dibeli itu dr pegawai bank. ye la.. kdg2 penjual nak menjual lebih tinggi dr harga bank value rumah tu, kalau penjual nak jual rm200k misalnya, tetapi bank value cuma rm180k, bermakna kadar maksima pinjaman yg bank boleh tawarkan cuma 90% dari rm180k sahaja. ini bermakna encik perlu mengeluarkan wang tunai yang banyak! ingat, dlm pelaburan hartanah (untuk tujuan investment), gunalah semaksima boleh duit dr org lain (bank atau duit penyewa). minimakan duit kita sendiri.

berdasarkan apa yg saya cerita ni, cuba fikir dan bincang dgn isteri encik, yg mana satu yg terbaik.

I welcome any suggestion, opinion and knowledge sharing from all readers regarding this issue. Please feel free to leave a comment here.

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anggerik perdana - part 2 - CF

i got a very very very good news yesterday evening. jasmine, our agent for anggerik perdana told me that our houses has successfully get the CF! oye oye.. she said that the developer, getaris, will take 2 - 3 weeks for the handling over process before they give us the key!

This morning, when i arrived at my office, i made this announcement. I told u before right, that in this office, 7 of us are the buyers. We got a 5 minutes party time then.. hehehe

However, one thing come across. We need to prepare money for the handling over.. and since we are going to need extra money for eid celebration, we do really hope that we will get bonus this year! amiin..

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section 7 shah alam

i have a friend who have been targeting to buy a medium cost apartment in section 7 shah alam since last 3 months. However, until today, he has not successfully find one unit ready to be sold to him. This is a really hot area, like 'goreng pisang panas'. The only different between them is that goreng pisang panas is available to be sold at any stall and it sells good. But, an apartment in section 7 is too hot that makes very hard for the owners to sell it. (hm.. goreng pisang panas yg sumer org sayang nak jual tapi nak makan sdr je.. can I say like that? hehe)

What is so good about section 7 shah alam? ok, the good points are:
- just opposite uitm shah alam entrance 2
- easy access to federal highway, kesas and elite
- lots of restaurants, cyber cafes and shops there that makes students love the area so much
- rental asking price is up to 700 - 800 per month

Last 2 weeks, this friend of mine read an advertisement of this golden property to sell. level 3, RM 80k, currently tenanted at rm450 per month. wah!! he set an appointment with the agent to visit the house at the other day's morning. Then he asked me to accompany him, but i got class to attend since the appointment is on saturday. Later on, he tell me that he postponed the appointment to the evening because he needed to go to his office to settle few things with his boss first.

On the appointment day's evening, he called me.. He said, the agent contacted him, telling that no need to come. There was another man visiting the apartment on the morning and he confirm to buy at rm72k! Cheque had been delivered to the agent. What a poor man he was... :(

He kept telling me, if he able to go to the house in the morning and offer to buy at rm75k, the apartment will be his..

Friend, don't give up. Surely one unit is waiting for you.. just wait and keep updated!

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vista angkasa - part 7 - valuation

i am in kota kinabalu now. .have important job here to be done perfectly in order to preserve the good image of my division, my boss and mine too! Thanks for the two kind and hardworking programmers from ICT division and also two kind and humorous cricket statistics officer that help me all the time here.

while waiting for flight departure at klia, I quickly connected my notebook to the free wireless provided there and accessed bankislam.biz. Actually, the KGV Lambert, valuer of my vista angkasa has already did the valuation of the property. They contacted me one month ago for an appointment to take photos of outside and inside of the property. The photos are crucial for the valuation process. After contacted the current owner of the property, I managed to set an appointment between the tenant of the condo and Priya, the valuer. Unfortunately, I was not able to be there because I need to be at somewhere else.

On monday, Priya told me that the report of the valuation is now completed but pending to be submitted to the bank due to the pending payment. But now, after completed the online interbank credit transfer and updating the status of the payment to Priya, I guess the process completed. :)

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Symphony Heights

I got two letters from S.K Brothers Realty (M) Sdn Bhd, inviting me for a dinner with them and other purchasers of the serviced apartment. Attached in it was 5 cash voucher valued RM1k each so that I will distribute them to my friends who wish to buy the apartment and get the rebates. In total, there are 10 cash vouchers altogether, means total value is RM10k. If 5 of these vouchers are redeemed, I am eligible to get 1k rebates for my own purchasing.

Symphony Heights is a serviced apartment developed by Huayang and marketed by SK Brothers Realty.

Quoted form iProperty:

High-quality home at 10% price

Gorgeous views, facilities for your every need, and a zippy exit to practically anywhere – at a fraction of the price! Welcome to Symphony Heights.                 

People are singing praises about the many assets of Symphony Heights, a serviced apartment project offering 946 units on a 2.97-acre site in the established and sought-after Selayang-Batu Caves neighbourhood. Little wonder that it has generated over 900 registrants waiting to place their bookings, even before its official launching in July.

Significant crossroads

Strategically located off the Batu Caves roundabout, at the Middle Ring Road 2 (MRR2) and Jalan Ipoh Interchange, Symphony Heights is easily accessible via major roads such as the Damansara-Puchong Highway (LDP), Karak Highway, New Klang Valley Expressway (NKVE), Elevated Highway, North-South Expressway, and Kuala Lumpur-Shah Alam (KESAS) Expressway.

Abundance of Amenities
The established neighbourhoods in the vicinity provide many important amenities, including Giant Batu Caves and Tesco Extra hypermarkets; a wholesale market; food outlets; Selayang Mall and Selayang Capitol shopping centres; Selayang Hospital; schools (adjoining to SRJK (C) Kheow Bin Batu Caves); banks and District Government offices, recreational areas such as FRIM, Templer Park and Batu Caves, and more.

For discerning buyers, the time to act is NOW as, aside from its amazing features, Symphony Heights is offering promotions of:

• FREE legal fees on the Sale & Purchase Agreement (with firms on the Legal Panel)
• 10% early bird discount
• a RM500 LOW downpayment

Property Type:	Serviced Residence
Land Title:	Residential
Tenure:	Leasehold
Land Area:	2.97 Acres
Built Up:	From 863 sq.ft.
Listing Price:	From RM135,200 - RM230,510
No. of Bedrooms:	3
No. of Bathrooms:	2
Total Units/Lots:	946
Bumi Discount:	10%
Completion Date:	June 2011 (Expected)

Unfortunately, I am not going to buy this apartment neither know any friend who is is interested to buy it.
:(

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vista angkasa - part 6 - signing loan agreement

I am sorry.. Due to my heavy workload, only now i have the chance to tell you that i already signed the loan agreement for the Vista Angkasa Condo I bought. My lawyers contact me to come to her office and I did come before my visit to Singapore. As usual, loan agreement document requires us to sign or put initial on each page of each copy! It hurt my fingers, really..
Usually, if u apply for Islamic home loan, the document is thicker than the conventional one. However, thanks to Al-Rajhi for the simple document. Its number of pages is unlike my previous RHB Islamic loan..lega..

Ok, now, I am more eager to get the key!

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cerita dari Singapore

lama aku tak update blog ni..
las week dari ahad sampai khamis aku ke Singapore.. alhamdulillah.. dapat amanah dari big boss untuk mewakili division aku ke sana. Seminar tu namanya International Conference in Teaching and Learning with Technology.

Aku ke sana bawa nama kementerian, bawa nama bahagian. So, aku amiK peluang ni belajar dan dapatkan input bagaimana pendidik dan Kem Pelajaran Singapore dan Kem pelajaran seluruh dunia menggunakan teknologi dalam pengajaran dan pembelajaran mereka.

Sebelum ni, aku dah 2 kali berpeluang ke seminar seumpama ni tp kat sini jer la.. anjuran bhg teknologi pendidikan. Seminar2 ni pun bertaraf antarabangsa. Ramai speakers, expertise dan peserta dari luar negara di jemput berkongsi pengalaman. Tapi kali ni istimewa sbb aku pula antara peserta dari luar negara yg hadir ke Singapore.

Singapore jauh lebih maju dari kiter. Singapore lebih aman, jauh lebih bersih, lebih terurus dan perancangan bandar yang lebih maju dan teratur. Sistem pengangkutan awam nyer kalau banding dgn malaysia, mereka 10 markah, kiter 3 markah kot.. Lepas tu, kami tak perlu bimbang dgn kejadian ragut atau jenayah sbb di sana selamat. Aku pernah balik dari Mustafa pukul 12.15 mlm ke hotel sorang2 tp tak risau pun. No wonder la singapore pernah kata bandar JB tak selamat. Tgk la jenayah kat negara kiter.. even aku pun pernah jadi mangsa snatch ni.. .. sigh..

Di singapore ni, boleh katakan gaji mereka lebih tinggi. For graduate teachers, their basic salary start from SD 2xxx. But for those having a good honours degree, may get salary from SD 3xxx. tak macam kat msia.. kt sini, suruhanjaya perkhidmatan pendidikan x peduli u dpt 1st class honours ke atau 3rd class ke, gaji sama.

Singaporean kan ader cina, melayu dan india. Their 1st language is english. So, ini menyebabkan chineese singapore tak boleh bcakap mandarin dgn elok, begitu juga dengan org melayu singapore tak boleh bcakap melayu dgn elok. Seorang kenalan seminar memberitahu aku bahawa kem pelajaran singapore mmg memerlukan guru bahasa yg betul2 pakar dan bagus, even diambil dari luar singapore dan tidak boleh berbahasa inggeris. Member tu bgtau, mereka ader mengambil guru bahasa mandarin dari China yg mmg tak tau ckp inggeris. So, dia dapati ada guru dari Malaysia yg memohon utk mjadi guru bahasa melayu di sini dan mendapat gaji yg jauh lebih tinggi dari gaji cikgu kat malaysia. Berminat? ok, maklumat dan borg permohonan ader di laman web MOE singapore iaitu www.moe.gov.sg

Barang2 agak murah di sana jika dibanding dgn gaji yg mereka terima.Even sesetengah barang masih lagi lebih murah selepas kiter convert duit singapore tu ke ringgit msia.. namun begitu apabila melibatkan tanah dan ruang, sgt mahal. Hartanah di sana mmg mahal. For SD90k, mereka hanya dpt apartment yg kecik sgt.. Parking rate pun mahal. Tapi disebabkan sistem MRT dan bas mereka bagus, mereka banyak menaiki kenderaan awam je ke mana2..

gambar2 on this seminar masih terperap kat dlm nbook aku. cuma 3 keping je yg aku dah letak kt friendster aku.. hehe

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Anggerik Perdana - kisah rumah pertama

Taman Anggerik Perdana. Rindu kat umah yg kat sebelah kanan tu.. walaupun cuma low-cost apartment tapi itulah hartanah pertama aku. Unit tingkat 3, menghadap utara. Harga pun cuma rm42,500, loan utk 30 tahun dari RHB Islamic. so sebulan aku kena bayar rm301. Hm.. masa tu, rate home loan agak tinggi. tak macam sekarang.. Nama developer adalah Getaris Sdn Bhd dgn usahasama Permodalan Negeri Selangor Berhad. Keluasan adalah 650 kps, 3 bilik tidur dan 2 bilik air. Firma guaman utk s&p adalah Abraham Ooi di Kajang manakala firma guaman bagi loan agreement adalah Azlin dan Rithaudeen di KL.

Planning dulu, beli umah ni utk duduk. Nak jadi orang kajang la konon. 20 minit perjalanan dari rumah ke pejabat. Tapi skang ni tak tau lah lagi mcmana.. Jauh sgt la pulak dengan Shah Alam. Maybe buat permulaan ni aku akan sewakan kot. Insya allah..

Developer janji dulu paling cepat hujung tahun 2007 dah boleh masuk rumah. Memang sblm hujung thn rumah ni dah siap cuma jalan yg belum betul2 siap masa tu. Masuk tahun 2008, everything dah siap. Tapi malangnya sampai ke hari ni masih belum dapat CF lagi. Developer janji pulak bulan 4 2008, tak dapat juga. then dier kater maybe bulan 7tapi smlm member tanya, dia cakap bln 8 pulak.. ader tersangkut lagi..
:(

Sebenarnya beli apartment ni seronok sebab pada mulanya aku sorg yang interested dgn projek ni. Aku fikir, sementara masih layak beli low-cost apartment, apa kata aku grab peluang ni. Tapi alhamdulillah bila cerita dengan kawan2, 8 orang member pakat dengan aku beli sekali. 7 orang termasuk aku beli yg low-cost, 2 orang beli yang medium cost. Penjual tu, jasmin dan Mr Aspi Loh memang respek kat aku sbb dapat buatkan 9 case closed. hehe.. upahnya? setiap orang dpt kfc satu set.. jasmine belanja.

Ramai gak yang terkejut aku layak beli rumah ni. Mereka sebenarnya tak sure syarat permohonan. Actually, nak memohon rumah low-cost ni, pendapatan isirumah mestilah kurang dari RM 2,500. Kalau pasangan yg dah berkahwin, kena total la income suami dan isteri tapi kalau org bujang, just amik pendapatan sorang je la. Even kalau gaji kawan2 rm2,400 pun masih kira layak lagi la..

Then syarat utama kedua adalah BELUM mempunyai hartanah lagi di negeri kiter memohon tu. Contoh mcm kes aku ni, apply utk apartment di selangor, maknanya mestilah belum ada rumah di Selangor lagi. Kalau dah ader, automatik tak layak.

Aku tak sabar nak menerima kunci rumah ni sebab inilah rumah hasil titik peluh pertama aku bekerja. Inilah hartanah pertama aku tempat aku belajar dan mula berjinak2 dengan real estate. Dan aku sangat sayangkan dier sebab walaupun harganya sama dengan harga kereta MYVi atau lebih murah dari Gen2, tapi ia akan tetap berada di situ untuk 90 tahun lagi, pada waktu MyVi, Gen2 atau apa jua kereta yang lebih mahal darinya sudah lama menjadi besi buruk. (sebab apa aku cakap mcm ni? sbb pada masa tu ramai org tak paham kenapa aku sibuk2 beli rumah tapi tak beli kereta lagi..)

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question on refinance - Azizi Ali menjawab

Hari ini, setelah sebulan menantikannya, aku telah menerima newsletter bulanan dari Encik Azizi Ali bagi Ogos 2008. Sepertimana biasa, aku mesti membaca newsletter ni cepat2 sebab tak sabar nak mendapat info baru darinya.

Ada satu soalan yang dihantar oleh pembaca telah dijawab oleh Encik Azizi. Rasa nak share soalan dan jawapan tersebut kepada semua pembaca blog ni pulak especially yang belum subscribe newsletter en azizi ni.

SOALAN:

Assalamualaikum En Azizi, 

Saya ingin meminta pandangan dan nasihat tuan mengenai 
perkara di bawah: 

Existing loan : RM 75,000 (full settlement rate) 
Interest rate : 6.75 (BLR) + 0.75%
Mthly ins : RM583.00
Serve for 30 yrs 
Tarikh DOA : 18/5/2001 

Refinance 
Loan : RM85,000
Interest Rate : 6.75% - 1.85% = 4.9%
Mth : rm556.00
tenure : 20 yrs 

Tuan rasa adakah patut saya mengambil refinance tersebut?

JAWAPAN:

Pada amnya, kita patut me'refinance'kan loan jika jumlah
bayaran balik kita adalah kurang daripada loan yang pertama.

Pengiraannya senang sahaja. Jumlahkan bayaran balik kedua-dua
loan tersebut dan bandingkan keduanya. Jika jumlah bayaran
balik loan yang kedua lebih rendah, mak a anda patutlah
refinance loan tersebut.

Dalam kes anda, jumlah bayaran balik loan asal ialah:

RM583 x 12 (bulan) x 30 (tahun) = RM209,880

Jumlah bayaran balik loan kedua ialah:

RM556 x 12 (bulan) x 20 (tahun) = RM133,480

Jadi anda patut me'refinance' loan anda kerana anda akan
menyelamatkan RM76,440 by doing so.

Walau bagaimanapun, pengiraan ini membuat assumption yang
kadar faedahnya kekal dan tidak ada kos tersembunyi
(umpamanya legal fees). Kalau ada kos-kos lain yang perlu
dibayar, anda perlu menambahkan kos tersebut dalam pengiraan
di atas.

Saya harap jawapan ini akan menolong anda.

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bayu parkville

Rasa nak berkongsi pengalaman aku ketika melawat showhouse Bayu Parkville ni. Townhouse di kejiranan yang berkepadatan rendah bersebelahan dengan Gita Bayu. Nama developer Meridian Tower, leasehold, 3 bilik tidur dan 1 bilik air dan merupakan fasa ke2.

Hrga rm181k termasuk perabot yang lengkap iaitu
-ruang tamu: sofa, kabinet tv, 29" tv, kipas syiling
- bilik tidur utana: almari, katil dan tilam queen size dan aircond
- bilik tidur ke2: katil dan tilam queen size, almari dan kipas siling
- ruang makan: set meja makan dan kipas siling
- dapur : peti sejuk, kabinet dapur
laman: mesin basuh

rumah ni agak sempit sbb kelebarannya cuma 20 kaki je kan.. nak fit bilik kat tepi dan ruang tamu lagi. kena lak kalau amik yg tingkat atas, kat tepi tu dah makan space utk tangga. tapi dier panjang ke belakang. ruang laman depan leh muat 2 buah kereta yg diparking depan dan belakang. Untuk small famili dlm 2 - 5 orang aku rasa rumah ni sesuai dgn harga berpatutan. unless u all ader budget dlm 220k ke atas, leh la dapatkan rumah teres 2 tingkat kat kawasan ni yg lebih luas.

utk booking, just bayar rm1000. deposit 10% means rm18k la.. tapi kalau korg xnak furniture tu, sykt akan tolak rm16k dari deposit bermakna just bayar rm2k utk deposit.
sebenarnya aku tgk showhouse ni sebelum aku jumpa vista angkasa yg aku beli tu. so, masa tu aku berminat gak la dengan projek ni. Harga sewa kat kawasan ni skang dlm 800 sebulan, biasanya disewa oleh famili yg dah bekerja atau oleh student upm. masa aku tgk tu, just tinggal satu unit tingkat bawah. aku suka tingkat bawah sbb takyah naik tangga dan tak ler terasa sgt yg ni townhouse. terasa mcm rumah teres setingkat la konon.. hehe.. tp aku agak ragu2 lagi. Salesman yg entertain aku, danny namanya, kater aku boleh reserve dulu unit tu dengan mbayar small amount of money which is refundable. masa tu aku bawak rm50 jer so aku reserve la unit tu dgn duit tu. Dia bagi aku 2 hari utk fikir sama ada jadi amik ke tak.

Suddenly esoknya aku dpt iklan vista angkasa for sale dan happy dengan kondo tu biler dah gi tgk, terus decide nak beli vista.

so aku pun call danny bgtau yg aku xjadi beli. danny kater ok dan 2 hari kemudian aku collect balik duit tu di sales office diorg kat showhouse tu.. walaupun aku x jadi beli tapi aku satisfied la dgn cara mereka. Actually aku suka rumah ni. nice and affordable. mcm aku ckp td la, kalau bandingkan dgn rumah teres 2 tingkat mmg yg ni sempit tapi masing2 ader bajet sendiri kan.. of course kalau u ader bajet lebih leh beli yg lebih besar tp ini for those yg cuma mampu beli 180k tapi nak landed property. Cuma bila aku bandingkan dgn vista angkasa, i prefer to buy vista sbb tu mmg target aku dr dulu lagi.

tadi aku tanya, mereka kata masih ader 2 atau 3 unit lagi yg masih ada, in case u all berminat.

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vista angkasa - part 5 - stamp duty discount

Untuk rumah pertama, boleh dapat diskaun 50% untuk stamp duty.

Tapi rupa-rupanya nak apply diskaun utk stamp duty kena buat akuan secara bertulis. Mengaku kiter membeli hartanah tersebut dan ini merupakan pembelian pertama kita. Hanim kata, tanpa surat akuan, jgn harap dapat 50% diskaun tu..

So, aku dah sain surat akuan tu dan firma guaman Hasnan Hamzah akan uruskan prosedur seterusnya. Tenkiu!

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vista angkasa - part 4 - financing a leasehold property

Aku ada baca beberapa buku mengatakan bank kurang beminat untuk memberi pembiayaan pinjaman perumahan kepada hartanah yang tempoh pajakan tanahnya kurang dari 60 tahun. malah mengikut buku2 berkenaan, ada bank yang lansung tak mahu bagi pinjaman pun..

Bagi kes Vista Angkasa aku, Alrajhi dan beberapa bank yang aku tanya pada dasarnya mengatakan aku layak membuat pinjaman sehingga 35 tahun berdasarkan umur semasa aku. Namun aku telah membuat keputusan untuk memohon pinjaman 30 tahun sahaja. Jumlah bayaran bulanan jika membuat pinjaman di Alrajhi sepatutnya adalah rm8xx.

Namun begitu, setelah menghantar permohonan kepada Alrajhi, aku dimaklumkan bahawa loan tu kena quiry. sebab? actually pajakan tanah di vista angkasa dah tinggal 67 tahun. so, kalau aku buat loan 30 tahun, bermakna balance pajakan tinggal 37 tahun sahaja. Bank tidak mahu menawarkan pinjaman kepada tanah yg pajakannya kurang dari 40 tahun, means balance 3- 4 thn last dari pinjaman tu bermasalah. Tu yang bak tak nak luluskan loan tu..

Keputusannya, aku terpaksa memendekkan tempoh pinjaman dari 30 tahun ke 26 tahun sahaja.. barulah loan akan tamat ketika tempoh pajakan tanah berbaki 40 tahun. kiramyer elok-elok je la.. so, bayaran bulanan pun meningkat ke rm9xx.. hahaha. padan muka aku..

hm.. ini juga bermakna, susah kalau aku nak jual vista ni nanti. tp insya allah aku takkan jual.

biler letter offer dah ready, aku terus sain surat tu.. tempat sain? ERL putrajaya.. hehe..sempoi..

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Vista angkasa - Part 3 - S&P

alhamdulillah..
the S&P signing process for the vista angkasa project is completed. After reviewed the draft of s&p and make a little agreed amendments, both parties put down signatures. The on-paper-owner of the house come from North Malaysia to my lawyer's office to sign it, accompanied by the real owner.

I can see differences in the process here with my previous experience. When i was signing the s&p for my first property, I got free Stamp duty and s&p offer from developer through their panel of lawyers. The panel lawyer prepared the s&p and call me to come to their office asking me to sign it. All the time, i only deal with the clerk, not even get the chance to see the lawyer. The clerk just point where i should put down my signature. Wen i ask about jargons in the document, she said thet it is all standard. Indirect speaking, no need to understand a lot since all malaysian is signing the same document.

But it is totally different in this project. I get the chance to appoint my own lawyer. Since I believe hanim, my legal studies classmate so much, I appoint her firm to handle all the legal procedures. The lawyer, shuna is really helpful. She and hanim emailed me the draft of the snp for me to review beforehand, explain all the jargons and do some amendments agreed by the owner and me. Even Shuna attend the signing session and answers my stupid and not-so-stupid questions. I think this is what it supposed to be..

Anyway, experience give me chance to learn and i love to learn more and more about all these real estate invesment!

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MRTA - take it up through bank or by yourself?

in 2006, when i bought my first property which is only a low cost apartment in taman anggerik perdana, i applied for RHB islamic fixed rate home financing. The financing margin was 95% + MRTA. At that time, RHB Islamic make it compulsory for the customer to buy MRTA with the loan and get it through them. I am not sure about current RHB Islamic policy. For a 40k loan, the MRTA fee is rm1031. Bank said that they will apply for Takaful Ikhlas mortagage plan.

recently, when I decide to apply for Alrajhi Home Loan, i learned that alrajhi gives freedom to their cutomers whether to buy MRTA or not. I do not want to leave a financial burden to my family if something happens to me, so I stll decide to buy MRTA for the loan.

The alrajhi mortgage advisor, ija said that I can take up the MRTA plan policy thru bank ( as what I have done before for the low-cost apartment) or buy on my own from any takaful agency outside there. It must be a takaful plan because alrajhi offers only Islamic financing. If I take up the plan from bank, Ija said that it will be from Takaful Ikhlas and the premium fee is lower than getting it outside. For 162k loan at BFR – 1.7% rate for 30 years, the MRTA fee is rm4451.64.

Since own research is still the best information source, I managed to visit a Takaful Ikhlas agency in Putrajaya. For the same variables of the loan, takaful ikhlas quoted me rm4,968.67.. extra rm517.

Thus, it is proved that taking up MRTA through bank is cheaper than u buy on our own.

Another information I learnt is, if we take up MRTA through bank, bank will keep the policy. If you take it outside, sendiri simpan la.. hehehe

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vista angkasa - part 2 loan financing

i already submitted application form for loan to alrajhi to the mortgage executive, khadijah or better known as Ija.
since the valuation of the unit is 180k, so i apply for 90% loan that is rm 162k.
the current rate is BFR - 1.70% throughout the tenancing tenor without free moving cost and BFR - 1.50% for a with free moving cost. since this is an islamic financing package, they use BFR instead of BLR. However, the current rate of BFR is same as BLR that is 6.75%.

For Alrhji home financing, the 90% loan is including MRTA, if u wish to buy it. However, buying MRTA is not compulsory so, u can skip it first and buy it later on your own. MRTA attached to the bank is takaful Ikhlas and the price is very attractive. I can say it is almost 50% lower than what is offered by other bank. For a 30 years financing, the MRTA rate is just rm4451.64 for me, while some other bank quote rm 7k - rm 8k. If u want to know more about this financing, u can just email me. I can help u to introduce the very helpful and dedication ija to help u!

This beloved vista, the monthly payment will be rm875. Plus the maintenance fee is around rm90. The good news is the rental asking price now is rm1.2k.. Good buy! This is why i dream of it so much. Patiently waiting the transfer of ownership to me..

Hey, if u considering to buy a house soon, there are rumors that the BLR and BFR rate will increased to 8.0%! Some people say, better buy now while the rate is lower while some said better wait for few months when they predict house price will be lower since demand will be less than supply. I don't know which will be more accurate. i cant predict but u can judge on ur own!

:)

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