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Update: 20170726 (Wednesday morning) - Fund received. :) Exchange rate is good but took few days (and slow customer support). I think transfer small amount is still fine since they don't have minimum amount to be transferred. Also, prefer to use DBS transfer so that they can see the REM...
It is 2k SGD. They have acknowledged fund received and status changed to Payment Received on Sunday. Now. it is showing Transfer Completed (Tuesday) but never mention when it got transfer and ETA of fund received. It is still not in destination account. Will check again tomorrow.
I did cut...
I did a transfer at INSTAREM 2 days back. I transferred the money using CIMB to their CIMB account. However, website still showing AWAITING PAYMENT. Their support number always goes to voice mail immediately. Online chat also only have auto reply message. Email them and took 1.5 days to reply...
Re: Foreign-owned Levy Malaysia
That's not true. I have friends who retain their MY properties. Yes, MY properties can be retained but next time when sell it will be taxed at foreigner rates and subject to foreigner regulation (more process).