Newbie questions

[Mingchye]

Good FAQ for newbies

http://www.starproperty.my/index.php/property-news/iskandar-and-nusajaya-faq/

I am always amused when I hear people say...hey why dont you invest in Iskandar...I am like, "Um you know how big this region is? Which part of Iskandar you talking about? Even the five zones do not form the entire Iskandar region.".

 

[littlemary]

Re: Getting Malaysian PR

Bro, feel free to lock up this thread, as there is never an intention of offering any service.

Don't wish to receive any more PMs on this as well.

 

[Dora21]

Hi to All Sis & Bro,
If i bought an apartment in jb. Do i still have to pay quit rent ( cukai tanah) beside property tax (cukai harta) ?
Thank you.

 

[ezzzjj]

Construction Cost psf range in JB?

Hello,
Does anyone know the range of budget I should have to construct from scratch a 4000sqft built up bungalow?
What is the Construction Cost psf range in JB?
Thank you.
Ed

 

[aliensmotor]

Re: Married couple looking to spend CNY arond Nusajaya/HH for 2 nights(Any house/Reso

Stay at hotel parriss

 

[FHBH12]

Hi to All Sis & Bro,
If i bought an apartment in jb. Do i still have to pay quit rent ( cukai tanah) beside property tax (cukai harta) ?
Thank you.

Yes.........

 

[dingdongrc]

Re: Less well known developments : Engaging a civil engineer for 2nd opinion..

Dear All,

Thanks for the many sincere contributions to this thread which had proven to be an invaluable resource for me.
I am eyeing an inter Ter unit at NI selling at $600K. But agent said that the sale may be blocked if the state valuation is less than $500K but in order to secure my interest I will still need to pay my 1-3% earnest deposit. If the state approval is rejected, can I still get the money back? Shouldnt the price be based on the sale price? anyone got similar experience?

 

[dingdongrc]

Thanks for creating thisbinvaluable forum. Can I ask if the $500K cut off based on sale price? I am considering a subsale NI unit at $600K. But agent warned that sale may not go thru because state valuation may be below $500k. Is it true?

 

[Funniman]

Thanks for creating thisbinvaluable forum. Can I ask if the $500K cut off based on sale price? I am considering a subsale NI unit at $600K. But agent warned that sale may not go thru because state valuation may be below $500k. Is it true?

Actual valuations by registered valuers is usually different from buying / asking price which is normally higher.
Best way to find out is to ask the bank to value it first to have an indication before plunging in.

 

[Skooz]

1.)Hi ,my agent says the state consent is rm1000 ,just to check could it be he has quoted wrongly as reading through definitely is much more higher ,dont want to ask him as just to bring the amount he mention to cause confusion .
2)I need to bring a large amount of money for the snp 10% of the amount i bought just wondering how to bring it as of transfering the amount by raffles i suppose but who do i transfer to as i ve no account in mlaysia yet thanks for the replies.

 

[MenghidupKehadapan]

Hello all ex-SG JB bros

How's you all doing? Having fun in JB, welcome! There is space for all!

 

[Walker]

1.)Hi ,my agent says the state consent is rm1000 ,just to check could it be he has quoted wrongly as reading through definitely is much more higher ,dont want to ask him as just to bring the amount he mention to cause confusion .
2)I need to bring a large amount of money for the snp 10% of the amount i bought just wondering how to bring it as of transfering the amount by raffles i suppose but who do i transfer to as i ve no account in mlaysia yet thanks for the replies.

State Consent should be between rm10K-11K

Not so easy to TT RM in to your MY account.
There is a rm10K daily limit for foreigners, that limits your deposits to your account so you may have to do it over a few days for your 10%.
So best to start early.
Banks like Hong Leong allow SG customers to open cheque account and it will take a few days for cheque book to be ready.
Or you can also open cheque account with bank that you are getting loan from.

 

[cheebye]

All about setting up business in JB

bro,

Can anyone advise to be liable for government 6% tax, what requirements do you need?

Also, I need to apply for import and export licence ....any link to help me

Tq

 

[Funniman]

Why not just buy a banker's demand draft in Singapore payable to the name of the developer in Malaysia? Easy and trouble free.

State Consent should be between rm10K-11K

Not so easy to TT RM in to your MY account.
There is a rm10K daily limit for foreigners, that limits your deposits to your account so you may have to do it over a few days for your 10%.
So best to start early.
Banks like Hong Leong allow SG customers to open cheque account and it will take a few days for cheque book to be ready.
Or you can also open cheque account with bank that you are getting loan from.

 

[potter]

1.)Hi ,my agent says the state consent is rm1000 ,just to check could it be he has quoted wrongly as reading through definitely is much more higher ,dont want to ask him as just to bring the amount he mention to cause confusion .
2)I need to bring a large amount of money for the snp 10% of the amount i bought just wondering how to bring it as of transfering the amount by raffles i suppose but who do i transfer to as i ve no account in mlaysia yet thanks for the replies.

1. The payee should be yr lawyer firm , not agent.
2. You've can a cheque book without any referrer, with HLG. Good to open two acct with diff banks. for yr own good.

 

[Valdez]

State Consent should be between rm10K-11K

Not so easy to TT RM in to your MY account.
There is a rm10K daily limit for foreigners, that limits your deposits to your account so you may have to do it over a few days for your 10%.
So best to start early.
Banks like Hong Leong allow SG customers to open cheque account and it will take a few days for cheque book to be ready.
Or you can also open cheque account with bank that you are getting loan from.

Go to money changer and TT over. Simple and safe. Unlimited amounts at better exchange rate than over the counter. Just produce copy of your SPA or documents to proof that its for a property purchase.

 

[potter]

Re: All about setting up business in JB

bro,

Can anyone advise to be liable for government 6% tax, what requirements do you need?

Also, I need to apply for import and export licence ....any link to help me

Tq

Think should be this, you check check with them.
http://www.kpdnkk.gov.my/en/home

 

[shctaw]

May I know which money changer have no limit in TT.

Can share contact?

 

[FHBH12]

May I know which money changer have no limit in TT.

Can share contact?

I used e one at Hougang near e Interchange. Juz show ur SPA n TT to developer acct using cheque. I prob will have to do tt on Mon as e amt is big. I will also test out today using cheque to TT to my Malaysia acct.

 

[Funniman]

Is money changer more safer than banks especially when it involved hundreds of thousands?
Pardon my ignorance..maybe Spore money changer more regulated than Malaysian money changers.

Go to money changer and TT over. Simple and safe. Unlimited amounts at better exchange rate than over the counter. Just produce copy of your SPA or documents to proof that its for a property purchase.