Rent Out Your House For Foreign Workers? Think Twice!

16 August 2010 | Category: Property Investment, Property Small Talk | 1 Comment


Are you planning to invest property nearby industrial area and target to rent out your house, flat, apartment or whatever type of properties to foreign workers?

Unless you are renting out your property for them and deal directly with their company. Else, you better think twice!

Have you read today newspaper regarding the protest of five thousand factory foreign workers, relate to a death of a Nepali worker happened recently in Tebrau Industrial area? They are mainly from India, Bangladesh, Vietnam, Nepal and Myanmar.

They destroyed the guardhouse, threw objects like stones and rubbish at bystanders, used fire extinguishers against bystanders and chased down a vehicle fetching two health inspectors…

Whoever fault it is about the death case, the foreign workers have gone over their limit!!!

Images Source: Guang Ming Daily


The Best Indoor Plants That Clean & Improve Indoor Air Quality Inside House, Office, Room

15 August 2010 | Category: Uncategorized | Leave a Comment

Ever wondered why indoor plants for offices and homes are always of the same types? These selected plants are proven to be beneficial to the internal environment. Interior plants are also known to cure SBS – the sick building syndrome that occurs in badly ventilated office buildings and where there are concentrations of electrical and electronic equipment.

In addition to their nature beauty and used to be part of interior decorations, indoors plant can actually absorb harmful chemicals and hence improve air quality, making your office or home a more pleasant place to work or live. Basically, they do no require regular sunlight and most require minimal watering.

The Mother-in-law’s Tongue or Snake Plant, known in Malay as Lidah Buaya is the most unique that it produces oxygen at night. This is also called the bedroom plant, as it is suitable to be placed inside the bedroom without worries of sharing the oxygen at night.

Some examples of the best indoor tropical plants to put inside office and house are shown below:

Snake Plant

ZZ Plant

Areca Palm


Legal Fee, Disbursement Fee, Stamp Duties and Other Fees for Mortgage Agreement

14 August 2010 | Category: Home Loan, Property Investment | 1 Comment


What are the chargeable fees involved for signing a mortgage agreement? As we noticed, seem like bankers are no longer offering ZERO MOVING COST financing package for our home loan.

In another words, we have to either pay the legal fees for the housing loan agreement by ourselves or finance it into the loan. Perhaps the invoice issued by a lawyer firm on below may give you some ideas about the charges:

BANKING FACILITY OF RM 263,330.00
(A) FACILITY AGREEMENT

- Stamp duty on Original = RM 1,320.00
- Stamp duty on 3 copies thereof = RM 30.00
- Stamp duty on Letter of Offer = RM 20.00
- Preparation on Letter of Undertaking to Refund = RM 50.00
- Stamp duty on Letter of Undertaking to Refund = RM 10.00
- Preparation on Statutory Declaration = RM 100.00
- Stamp duty on 2 Statutory Declaration = RM 20.00
- Affirmation fee on Statutory Declaration = RM 16.00
- Search fee on Master Title = RM 60.00
- OA search on Borrower(s)/Purchaser(s) = RM 24.00
- OR and CCM search on Developer = RM 80.00
- ELDS fees = RM 150.00
- Miscellaneous disbursement = RM 50.00
- Printing charges = RM 50.00
- Transport, postage, telephone, charges and other incidentals not specifically mentioned herein = RM 250.00
- Legal Fees = RM 2,293.31
- 5% Government Services Tax of Legal Fees = RM 114.66

Total Item A = RM 4,637.97
(B) ASSIGNMENT

- Stamp duty on Original and 3 copies thereof = RM 40.00
- Miscellaneous disbursement = RM 50.00
- Legal fees = RM 229.33
- 5% Government Service Tax of Legal Fees = RM 11.46

Total Item B = RM 330.79
(C) POWER OF ATTORNEY

- Stamp duty on Original & 3 copies thereof = RM 40.00
- Registration fee on Power of Attorney at High Court = RM 100.00
- Miscellaneous disbursement = RM 50.00
- Legal Fees = RM 229.33
- 5% Government Services Tax of Legal Fees = RM 11.46

Total Item C = RM 430.79
Grand Total (Item A, B and C) = RM 5,399.55
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