The world is facing Covid-19 pandemic now. Initially Malaysia has no wish for a lockdown as the then prime minister, Tun Dr Mahathir still announced that no prohibition for all foreigners to Malaysia and all Malaysians are free to go overseas as their wish. That time, fewer than 20 people was admitted due to this disease and none of them was Malay, they were Chinese, especially those came from China.
However, Malaysia starts to have local case after the religious gathering by Muslims in Kuala Lumpur. Since then, Tun Dr Mahathir stepped down by tendering a resign letter and new prime minister was appointed, Muhyiddin bin Haji Muhammad Yassin. Sorry that I'm not sure about his title, whether he is Tan Sri or whatever.
He officially announced that Malaysia will be under Lockdown period since 18th March 2020. But the movement control order was subsequently extended for a few times and it is now Recovery Movement Control Order till 31st August 2020.
During Movement Control Order, all Malaysians were prohibited from working and hence many businesses closed down their businesses. I think the bosses will only reopen or restart their business after the economy is recovering later to mitigate their loss. Malaysia government had promised to fund the bosses RM600 per employee as long as their salary didn't over about RM4,000 per month. Nevertheless, this was just one time measure instead of every month of Lockdown.
What did I do during this period of time? Super Group (SG) founder, Mr Hoi did WhatsApped me. He encouraged me to enter the reading group organised by SG. I rejected him due to my eye's issue. Later, I went for blood donation as requested by Ms Boon. This was not my will as I thought I would be safer by not going to the public.
Well, I did read some books too. I had finished 'Awaken the Giant Within' and 'Re-Awaken the Giant Within' as well as 《激发无限潜能》by Anthony Robbins, 《人性的弱点》 and 《人性的优点》by Dale Carnegie and 'The 7 Habits of Highly Effective People' by Stephen R. Covey. Now I am reading 《语言的突破》by Dale Carnegie.
Are these important? Well, SG had encouraged us to read 'Awaken the Giant Within' and 'The 7 Habits of Highly Effective People' in these few years and a few reading groups were formed. Frankly speaking, I had done majority of these books before I met the road accident in 2018. Since I was scared of misinterpretation by the author in other languages, hence I had finished 'Awaken the Giant Within' and 'The 7 Habits of Highly Effective People' in English version. Hence, I was reading 'Awaken the Giant Within' in Chinese version this round, 《唤醒心中的巨人》.
Hence, if I consider 'Re-Awaken the Giant Within' as similar book as it is just a shorter version of 'Awaken the Giant Within', for this series of books, I had come across three times now and 'The 7 Habits of Highly Effective People' twice. In my opinion, 'Awaken the Giant Within' is more suitable to those without any life goal or purpose.
《人性的弱点》 is better than 《人性的优点》 as it teaches us how to communicate with people with lots of examples given, however 《人性的优点》 just teaches us about the ways to overcome 犹豫.
Nonetheless, reading is better than doing nothing at home. From what we read , we rectify our action and mindset to be successful later.
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Sunday, 21 June 2020
Friday, 12 June 2020
Taxation
I went to IRB (Inland Revenue Board) or so-called in Malay, LHDN (Lembaga Hasil Dalam Negeri) this afternoon to ask for something.
Firstly, I wanted to ask for the letter or receipt that I received this morning. It stated that I had paid RM3,000 + to someone who I didn't know via cheque. The person-in-charge at the customer service counter told me that there was mistake by indicating my name as it was the receipt of IRB for RPGT (Real Property Gains Tax), so the payer's name should be in my newly purchased house previous owner's name.
Well, then I asked him whether I could charge the loan instalments and electricity as well as water supply as expenses in my business's income statement to reduce tax. He said I'm not allowed to do so as the premise is for my residential purpose at night. He then called his superior, who's tax agent, so-called tax expert via phone call and passed to me. The superior initially not allowed me to do so but after his discussion with his colleagues, he then said I can charge the interest portion of my loan instalments as expense, but it's just limited to 30% of it. I further need to prepare loan statement from the bank as proof. He subsequently mentioned that I can charge 30% of electricity and water supply bill as expenses too.
Alright, I'm glad with that even though I can't charge my full loan instalment. At least, this helps to mitigate my expenses later. Let's look ahead and aim for better future.
Firstly, I wanted to ask for the letter or receipt that I received this morning. It stated that I had paid RM3,000 + to someone who I didn't know via cheque. The person-in-charge at the customer service counter told me that there was mistake by indicating my name as it was the receipt of IRB for RPGT (Real Property Gains Tax), so the payer's name should be in my newly purchased house previous owner's name.
Well, then I asked him whether I could charge the loan instalments and electricity as well as water supply as expenses in my business's income statement to reduce tax. He said I'm not allowed to do so as the premise is for my residential purpose at night. He then called his superior, who's tax agent, so-called tax expert via phone call and passed to me. The superior initially not allowed me to do so but after his discussion with his colleagues, he then said I can charge the interest portion of my loan instalments as expense, but it's just limited to 30% of it. I further need to prepare loan statement from the bank as proof. He subsequently mentioned that I can charge 30% of electricity and water supply bill as expenses too.
Alright, I'm glad with that even though I can't charge my full loan instalment. At least, this helps to mitigate my expenses later. Let's look ahead and aim for better future.
Thursday, 11 June 2020
Purchase of House 5
Well, I had received the keys of my house from the lawyer's office. They were four keys altogether, including the key for the letter box, keys of lock as well as door for main aluminium door and the other one I am not sure until now, so just treat it as secret. Therefore, I had called T.P.C. for door knobs and locks replacement.
Aluminium door lock = RM85
Wooden door lock = RM100
Five door knobs = RM35 x 5 = RM175
Four door magnets = RM20 x 4 = RM80
Total = RM440
Why I wanted to change the aluminium door lock? This was because I had changed the key twice from T.P.C.'s key shop but they were still cannot function. This price was very cheap to me as my dad asked our neighbour from 10th floor for these things' replacement and he quoted me for over RM500. Thus, I gave the business to T.P.C. due to lower price and the price quoted already included labour charge.
I found an uncle recommended by L.M.C.'s brother for iron and awning replacement. He charged me RM1,450 but due to I was introduced by his friend, he deducted RM50 for me. My neighbour asked me to do it fast and he thought the price is cheaper than what he thought.
I ordered two KDK ceiling fans and two Panasonic ceiling fans from Shopee. The Panasonic ones arrived at my house yesterday. Hopefully the KDK ones can be reached by tomorrow.
Today, William came to my house for air conditioners' service. He told me that the air conditioners that the owner left to me were all broken in fan's motor and the model of the air conditioners were old, hence he was scared that he might not find the spare parts for me. I asked him to find and let me know by tomorrow to decide whether to replace. I asked him to take the air conditioner which I bought from him last year in my parents' house to install in my new house. He agreed.
After William went out, the workers that my dad found to replace my house's glasses arrive. Since the glass spare parts were all rusting, hence my dad asked to replace my glass into a dark glass and change the spare parts into aluminium ones so that no more replacement in the future.
This are the glasses from my master room.
These are the windows and dark glasses from the room beside my master room.
This is the ones from the room beside my living hall.
Alright, I am waiting for tomorrow as L.J.L. who is my client and electrician to come my house for whole house electric sockets, wires, dismantling of some appliances and fans installation.
My dad said the fans can be stopping installing first, we can ask L.J.L. to instal them later after the house is painted fully. I disagree since even though we are warrantied for one year but we need to know whether there is anything missing during the delivery to claim for replacement or refund.
I am waiting for PBA too. I had complained about my water meter and licking switch on Tuesday. Since now is RMCO (Recovery Movement Control Order), the payment counters are only opened in PBA, hence I had to call them up instead. The person-in-charge said the technician will come at my house and take the form for my signature later in two days time, starting on Tuesday. However today is Thursday already and the technician is yet to come. I called PBA again this morning. Hopefully they won't delay again, otherwise I will go to PBA tomorrow.
I had changed the ownership of my electricity and water last week. In TNB, they charged me RM250 as deposit, which is fixed by our house's square feet, RM3 for service charge and RM10 for stamp duty, they photostate my IC free of charge. For PBA, they charged me RM70 as deposit, RM11 for RM10 stamp duty and I had to photocopy my IC myself for RM0.40. The person-in-charge said if they helped for photocopying, the clients at my back would ask them to do so too.
Well, now just hope for the best. My house still need electricity, water, iron, mosaic and painting to be fully ready. Hopefully they can be finished in this month.
Aluminium door lock = RM85
Wooden door lock = RM100
Five door knobs = RM35 x 5 = RM175
Four door magnets = RM20 x 4 = RM80
Total = RM440
Why I wanted to change the aluminium door lock? This was because I had changed the key twice from T.P.C.'s key shop but they were still cannot function. This price was very cheap to me as my dad asked our neighbour from 10th floor for these things' replacement and he quoted me for over RM500. Thus, I gave the business to T.P.C. due to lower price and the price quoted already included labour charge.
I found an uncle recommended by L.M.C.'s brother for iron and awning replacement. He charged me RM1,450 but due to I was introduced by his friend, he deducted RM50 for me. My neighbour asked me to do it fast and he thought the price is cheaper than what he thought.
I ordered two KDK ceiling fans and two Panasonic ceiling fans from Shopee. The Panasonic ones arrived at my house yesterday. Hopefully the KDK ones can be reached by tomorrow.
Today, William came to my house for air conditioners' service. He told me that the air conditioners that the owner left to me were all broken in fan's motor and the model of the air conditioners were old, hence he was scared that he might not find the spare parts for me. I asked him to find and let me know by tomorrow to decide whether to replace. I asked him to take the air conditioner which I bought from him last year in my parents' house to install in my new house. He agreed.
After William went out, the workers that my dad found to replace my house's glasses arrive. Since the glass spare parts were all rusting, hence my dad asked to replace my glass into a dark glass and change the spare parts into aluminium ones so that no more replacement in the future.
This are the glasses from my master room.
These are the windows and dark glasses from the room beside my master room.
These are the glasses from my living hall.
This is the ones from the room beside my living hall.
There is one section from the windows in my kitchen which I forgot to take photo.
Alright, I am waiting for tomorrow as L.J.L. who is my client and electrician to come my house for whole house electric sockets, wires, dismantling of some appliances and fans installation.
My dad said the fans can be stopping installing first, we can ask L.J.L. to instal them later after the house is painted fully. I disagree since even though we are warrantied for one year but we need to know whether there is anything missing during the delivery to claim for replacement or refund.
I am waiting for PBA too. I had complained about my water meter and licking switch on Tuesday. Since now is RMCO (Recovery Movement Control Order), the payment counters are only opened in PBA, hence I had to call them up instead. The person-in-charge said the technician will come at my house and take the form for my signature later in two days time, starting on Tuesday. However today is Thursday already and the technician is yet to come. I called PBA again this morning. Hopefully they won't delay again, otherwise I will go to PBA tomorrow.
I had changed the ownership of my electricity and water last week. In TNB, they charged me RM250 as deposit, which is fixed by our house's square feet, RM3 for service charge and RM10 for stamp duty, they photostate my IC free of charge. For PBA, they charged me RM70 as deposit, RM11 for RM10 stamp duty and I had to photocopy my IC myself for RM0.40. The person-in-charge said if they helped for photocopying, the clients at my back would ask them to do so too.
Well, now just hope for the best. My house still need electricity, water, iron, mosaic and painting to be fully ready. Hopefully they can be finished in this month.
Sunday, 10 May 2020
Purchase of House 4
Malaysia is implementing Movement Control Order (MCO) from 18th March 2020 until 12th May 2020. This is just a temporary measure to avoid spreading of coronavirus. I just hope that MCO won't be extended further as Penang is finally a green state, which means no more new patient and all patients previously affected were discharged from hospital. If MCO is extended, I probably will have no people to meet, then how to secure new cases?
On the second day of the MCO, I had paid RM15,600 to the lawyer after they decided to deduct RM200 from my legal fee after I asked for reduction. Hence, my total initial cost for the purchase of my first shelter is RM52,000 (balance after my loan) + RM5,800 (legal fee). Since I had paid 10% (RM25,200) + RM2,000 (initial legal fee), then the balance is RM30,600. So I had paid RM30,600 with two instalments. First one was RM15,600, and the lawyer asked me to pay the balance because I was reluctant to pay during MCO because my income was affected. However, the lawyer said since the bank is still opened, then no extension of the three months period stated in my Sale and Purchase Agreement (S&P), the bank will only release my loan after the lawyer has proven to them all my balances are cleared, otherwise the seller will impose me interest if the full amount is not received after the three months period. If the tenant is not yet moved out after receiving my loan, then the seller has to pay me interest of 6% p.a. based on my purchase price instead. Ergo, I paid the balance of RM15,000 subsequently on 21st April 2020. Now just wait for my full loan released as the redemption sum (balance of seller's loan) was released only but I just have to interest on that amount now.
The lawyer has an agreement with the bank, if the bank cannot provide the full loan or the original documents within 7 days after the lawyer has requested, the completion date will be extended free of interest according to the delay. The bank has only 60% workforce during MCO. Now just hope for the best and I can get the keys as soon as possible.
I had went up to see my first shelter few days ago, I noticed that the door was locked and all the windows and glasses were closed. I thought the tenants inside had moved out, hopefully it was not because they had gone to work. Now, I just need the keys and transfer ownership on the PBA and TNB, I want to watch the inside of my house and do some renovations if needed.
Since we can do nothing during this MCO period, just hope that the MCO won't be extended further since Malay's new year is coming soon and Penang is already a green state. I went to meet Ms Liew for death claim yesterday in the morning and subsequently met Lay See and Ms Ooi in Gurney Plaza. Ms Ooi said she liked my attitude as I still remembered her request to change for debit card payment. Hopefully she can encourage her daughter to buy insurance from me. Certainly, I had not relinquished to ask for referrals from them and strengthen their concepts of insurance planning for themselves and their family members.
On the second day of the MCO, I had paid RM15,600 to the lawyer after they decided to deduct RM200 from my legal fee after I asked for reduction. Hence, my total initial cost for the purchase of my first shelter is RM52,000 (balance after my loan) + RM5,800 (legal fee). Since I had paid 10% (RM25,200) + RM2,000 (initial legal fee), then the balance is RM30,600. So I had paid RM30,600 with two instalments. First one was RM15,600, and the lawyer asked me to pay the balance because I was reluctant to pay during MCO because my income was affected. However, the lawyer said since the bank is still opened, then no extension of the three months period stated in my Sale and Purchase Agreement (S&P), the bank will only release my loan after the lawyer has proven to them all my balances are cleared, otherwise the seller will impose me interest if the full amount is not received after the three months period. If the tenant is not yet moved out after receiving my loan, then the seller has to pay me interest of 6% p.a. based on my purchase price instead. Ergo, I paid the balance of RM15,000 subsequently on 21st April 2020. Now just wait for my full loan released as the redemption sum (balance of seller's loan) was released only but I just have to interest on that amount now.
The lawyer has an agreement with the bank, if the bank cannot provide the full loan or the original documents within 7 days after the lawyer has requested, the completion date will be extended free of interest according to the delay. The bank has only 60% workforce during MCO. Now just hope for the best and I can get the keys as soon as possible.
I had went up to see my first shelter few days ago, I noticed that the door was locked and all the windows and glasses were closed. I thought the tenants inside had moved out, hopefully it was not because they had gone to work. Now, I just need the keys and transfer ownership on the PBA and TNB, I want to watch the inside of my house and do some renovations if needed.
Since we can do nothing during this MCO period, just hope that the MCO won't be extended further since Malay's new year is coming soon and Penang is already a green state. I went to meet Ms Liew for death claim yesterday in the morning and subsequently met Lay See and Ms Ooi in Gurney Plaza. Ms Ooi said she liked my attitude as I still remembered her request to change for debit card payment. Hopefully she can encourage her daughter to buy insurance from me. Certainly, I had not relinquished to ask for referrals from them and strengthen their concepts of insurance planning for themselves and their family members.
Friday, 14 February 2020
Purchase of House 3
I went to sign the Sales and Purchase Agreement (S&P) on Wednesday. The lawyer, Ms Teoh dated me at 4pm.
Before that, I managed to sign my BICT's friend, PS's youngest daughter's medical plan. Thanks for her trust and support as she delivered the baby in June 2018, just one month before my road accident, but she waited for me and bought the insurance from me until that day. Wow, I really appreciate her support.
When I signed the S&P, the house owner was not there. He will sign the S&P next week with his wife, which I informed the lawyer to make a warm reminder to him. There were so many documents needed to be signed and I had to sign on each page to prove that I had read and known the existence of the pages. However, I didn't read the pages indeed. Anyway, I just trust the lawyer.
She said my total lawyer fees, including legal fees, stamp duty and disbursement will be RM6,000. Is it expensive? I didn't know. She said since this is my first house purchased, my stamp duty will be waived by government. She further told me that the house owner will be taxed under Real Property Gain Tax (RPGT) as our Malaysia government had announced that every sale of the house in Malaysia will be taxed RPGT regardless of the terms or tenures bought since 2020. Thereupon, she will need to withhold 3% of the selling price of the house and let government to compute the RPGT on profit from the sale.
This time, my dad went to the lawyer's office himself but he reached there before me. He asked the lawyer to enquire the house owner that can he pass us the house's keys earlier, probably next month or April because we need to do some renovations there? So, just wait for the lawyer's reply.
She said sellers will only pass the buyers keys when they receive the full payment, including those from bank even though the buyers' loan had been approved by the bank. Nonetheless, the seller or the brother of the seller had told my dad that they would pass us the keys earlier since the seller has many houses in Penang and the one that I buy is for his workers who are from Nepal to stay as hostel only.
Well, hopefully it will be March or April 2020 to get the keys instead of May or June 2020 as stated in the S&P, the so-called 3 months + 1 month. The lawyer just helps me to change name on quit rent and Indah Water. I have to change the PBA and TNB accounts to my name myself.
I had asked the PBA on Tuesday that I had to pass them the documents and forms earlier than the seller to change to my name, otherwise they will dispose of the water meter outside and when I go to submit my details there, only they will install the water meter back to me. Therefore, hopefully the seller can go to the PBA and TNB offices with me later.
So now everything is signed and just hope for the best.
Before that, I managed to sign my BICT's friend, PS's youngest daughter's medical plan. Thanks for her trust and support as she delivered the baby in June 2018, just one month before my road accident, but she waited for me and bought the insurance from me until that day. Wow, I really appreciate her support.
When I signed the S&P, the house owner was not there. He will sign the S&P next week with his wife, which I informed the lawyer to make a warm reminder to him. There were so many documents needed to be signed and I had to sign on each page to prove that I had read and known the existence of the pages. However, I didn't read the pages indeed. Anyway, I just trust the lawyer.
She said my total lawyer fees, including legal fees, stamp duty and disbursement will be RM6,000. Is it expensive? I didn't know. She said since this is my first house purchased, my stamp duty will be waived by government. She further told me that the house owner will be taxed under Real Property Gain Tax (RPGT) as our Malaysia government had announced that every sale of the house in Malaysia will be taxed RPGT regardless of the terms or tenures bought since 2020. Thereupon, she will need to withhold 3% of the selling price of the house and let government to compute the RPGT on profit from the sale.
This time, my dad went to the lawyer's office himself but he reached there before me. He asked the lawyer to enquire the house owner that can he pass us the house's keys earlier, probably next month or April because we need to do some renovations there? So, just wait for the lawyer's reply.
She said sellers will only pass the buyers keys when they receive the full payment, including those from bank even though the buyers' loan had been approved by the bank. Nonetheless, the seller or the brother of the seller had told my dad that they would pass us the keys earlier since the seller has many houses in Penang and the one that I buy is for his workers who are from Nepal to stay as hostel only.
Well, hopefully it will be March or April 2020 to get the keys instead of May or June 2020 as stated in the S&P, the so-called 3 months + 1 month. The lawyer just helps me to change name on quit rent and Indah Water. I have to change the PBA and TNB accounts to my name myself.
I had asked the PBA on Tuesday that I had to pass them the documents and forms earlier than the seller to change to my name, otherwise they will dispose of the water meter outside and when I go to submit my details there, only they will install the water meter back to me. Therefore, hopefully the seller can go to the PBA and TNB offices with me later.
So now everything is signed and just hope for the best.
Saturday, 8 February 2020
Education System
Our Prime Minister, Tun Dr Mahathir had suggested that Mathematics and Science be taught in English language in all levels. So, is this a good measure?
Frankly speaking, you should consult those experienced it before like my batch. My batch, who was bornt in 1990. We were the first batch in Malaysia that experienced Mathematics and Science taught in English in secondary level.
I agree and support it if it is taught in secondary level instead of primary level. This is because children have to be taught in their native language. It can be changed to English in secondary level because like me, I started to learn English in secondary level and my English is improved since then.
If the Mathematics and Science were not taught in English, I believe that my English wouldn't be this level. Hence, start it in secondary level. If it is implemented in primary level, I'm worried that kids will skip class or abandon these subjects, most probably they are difficult to understand.
Tun Mahathir said that we should be in line with the world and hence English is a must, so he suggested to start in these two subjects first. In my opinion, I don't mind if it starts in secondary level. However, many cabinet candidates protest. If English is the only subject to learn this language, how can we pursue our study overseas later? How can we compete with the world later?
Think properly, don't waste our time. Keep on changing the education system bears no benefits to our children.
Frankly speaking, you should consult those experienced it before like my batch. My batch, who was bornt in 1990. We were the first batch in Malaysia that experienced Mathematics and Science taught in English in secondary level.
I agree and support it if it is taught in secondary level instead of primary level. This is because children have to be taught in their native language. It can be changed to English in secondary level because like me, I started to learn English in secondary level and my English is improved since then.
If the Mathematics and Science were not taught in English, I believe that my English wouldn't be this level. Hence, start it in secondary level. If it is implemented in primary level, I'm worried that kids will skip class or abandon these subjects, most probably they are difficult to understand.
Tun Mahathir said that we should be in line with the world and hence English is a must, so he suggested to start in these two subjects first. In my opinion, I don't mind if it starts in secondary level. However, many cabinet candidates protest. If English is the only subject to learn this language, how can we pursue our study overseas later? How can we compete with the world later?
Think properly, don't waste our time. Keep on changing the education system bears no benefits to our children.
Monday, 3 February 2020
Purchase of House 2
I went to Kampung Jawa Public Bank to sign my loan offer letter just now. This week will be my end of 14-day period as stated in my contract with the house owner whereby he cannot sell his house to third party within this period without any penalty.
Since Bank Negara Malaysia (BNM) announced that the Base Rate (BR) is reduced by 0.25% last month, so Public Bank starts this reduction in February 2020. Thus, my mortgage loan interest rate will be BR+0.7%.
Today was Ms Lim who serves me. She was good and patient as she explained all the terms and conditions with me. I told her that their rate was not the lowest yet as Maybank offered me 4.3% without MRTA and 3.8% with MRTA. This was the rate last month, thus now should be lesser. Furthermore, their MRTA just costs about RM500 instead of RM5,000 as stated in Public Bank. She was shocked.
Thereupon, my instalment will be RM890 per month instead of RM920 monthly as stated previously. However, this rate will increase if the BR changes again. If BR has increased by 1%, then my loan instalment will be RM1010 per month.
Last time, the BR of Public Bank was 3.52% but now due to the reduction, it's 3.27%. Therefore, I am enjoying the rate of 3.97% now but it is subjected to change. My MRTA just about RM750+. I'll buy the MRTA from them to enjoy lesser interest rate. However, I still need to submit my apartment's fire insurance from my apartment's committee to them yearly.
My house's valuation fee is waived since the house owner also took the loan from Public Bank but the processing fee of RM200 for those loan above RM100,000 cannot not be waived since my loan was RM200,000. I cannot make full early settlement in three years without any penalty but I can dump in some money. I can withdraw the dumped in money from the bank next round with minimum of RM5,000 per time. Each withdrawal will cost RM50. I need to apply for Public Bank credit card too. Thereupon, I asked for cashback credit card offer. Now I'm just waiting for the offer.
So I had signed the offer letter, hopefully everything runs smoothly now and I can get my home by this month. Hopefully the lawyer will call me for appointment with the house owner this week in his office.
Since Bank Negara Malaysia (BNM) announced that the Base Rate (BR) is reduced by 0.25% last month, so Public Bank starts this reduction in February 2020. Thus, my mortgage loan interest rate will be BR+0.7%.
Today was Ms Lim who serves me. She was good and patient as she explained all the terms and conditions with me. I told her that their rate was not the lowest yet as Maybank offered me 4.3% without MRTA and 3.8% with MRTA. This was the rate last month, thus now should be lesser. Furthermore, their MRTA just costs about RM500 instead of RM5,000 as stated in Public Bank. She was shocked.
Thereupon, my instalment will be RM890 per month instead of RM920 monthly as stated previously. However, this rate will increase if the BR changes again. If BR has increased by 1%, then my loan instalment will be RM1010 per month.
Last time, the BR of Public Bank was 3.52% but now due to the reduction, it's 3.27%. Therefore, I am enjoying the rate of 3.97% now but it is subjected to change. My MRTA just about RM750+. I'll buy the MRTA from them to enjoy lesser interest rate. However, I still need to submit my apartment's fire insurance from my apartment's committee to them yearly.
My house's valuation fee is waived since the house owner also took the loan from Public Bank but the processing fee of RM200 for those loan above RM100,000 cannot not be waived since my loan was RM200,000. I cannot make full early settlement in three years without any penalty but I can dump in some money. I can withdraw the dumped in money from the bank next round with minimum of RM5,000 per time. Each withdrawal will cost RM50. I need to apply for Public Bank credit card too. Thereupon, I asked for cashback credit card offer. Now I'm just waiting for the offer.
So I had signed the offer letter, hopefully everything runs smoothly now and I can get my home by this month. Hopefully the lawyer will call me for appointment with the house owner this week in his office.
Sunday, 19 January 2020
Purchase of House
Last Friday, I went to Wong & Loh Associates and Solicitors near i-Avenue. I went there due to purchase of house. I'm not sure who was I dealing with. My dad followed me there. The boy asked for a 10% deposit, RM2,520 because my agreed price with the house owner was RM252,000. The boy said I had 14 days to wait for loan approval as I was protected by the law and the house owner can't sell his house to third party within this period. I was given a photocopy of the house's grant and title. I decided to go for all the banks on Monday since I had been waiting for Public Bank's approval for one week. So, RM252,000 - RM2,520 = RM249,480 remaining to settle later. The boy said I can apply for loan from any banks, just that HSBC is not their panel bank and CIMB as well as Maybank will be late on payment efficiency.
Around 6pm, the banker from Public Bank called me. He said that my loan under my individual name was approved and I had the waiver of house's valuation fee, which was about RM800. Now he is just waiting for the approval of special rate which he applied for me. He said my insurance was just within RM1,000 since I am an insurance agent and I informed him that Maybank could provide me a rate of 3.8% with insurance charge of RM500 only. Hopefully my special rate of 4.2% can be approved instead of 4.3%.
Well, I applied for RM200,000 loan with 35 years term in flexible account but I can't settle the loan within three years unless I don't mind to be fined a penalty charge. The banker said the loan instalments are still the same even though I have dumped in a sum of money. It will deduct one month's instalment before subtracting my loan's principal. It won't deduct my loan instalment instead it will minus my terms. Ergo, I asked him to quote me 35 years instead of 30 years or 25 years. I have seven days to pay the instalment before additional interest will be charged. I sent him the name card of my lawyer via WhatsApp.
Now, I still need to find RM49,480 to finalise my purchase price. The boy from the lawyer firm there said they won't represent us to deal with house owner regarding which electric equipment or furniture will be left over to me. They will ask us, the buyers and sellers to communicate with each other before the S&P is signed later. So God bless, hopefully the house owner will leave whatever in the house when my dad eye-sighting the house to me.
Around 6pm, the banker from Public Bank called me. He said that my loan under my individual name was approved and I had the waiver of house's valuation fee, which was about RM800. Now he is just waiting for the approval of special rate which he applied for me. He said my insurance was just within RM1,000 since I am an insurance agent and I informed him that Maybank could provide me a rate of 3.8% with insurance charge of RM500 only. Hopefully my special rate of 4.2% can be approved instead of 4.3%.
Well, I applied for RM200,000 loan with 35 years term in flexible account but I can't settle the loan within three years unless I don't mind to be fined a penalty charge. The banker said the loan instalments are still the same even though I have dumped in a sum of money. It will deduct one month's instalment before subtracting my loan's principal. It won't deduct my loan instalment instead it will minus my terms. Ergo, I asked him to quote me 35 years instead of 30 years or 25 years. I have seven days to pay the instalment before additional interest will be charged. I sent him the name card of my lawyer via WhatsApp.
Now, I still need to find RM49,480 to finalise my purchase price. The boy from the lawyer firm there said they won't represent us to deal with house owner regarding which electric equipment or furniture will be left over to me. They will ask us, the buyers and sellers to communicate with each other before the S&P is signed later. So God bless, hopefully the house owner will leave whatever in the house when my dad eye-sighting the house to me.
Saturday, 11 January 2020
Licenses Renewal
Well, it's January now, meaning that I have to check the deadline of my licenses. On Wednesday, I went to Bayan Baru Market third floor to renew my business license in SSM. It is a mobile station, thus it changes its routine, it just operate in Penang Island in the Bayan Baru Market on Thursday per week instead of Wednesday and Thursday each week. Therefore, I was not able to do it on Wednesday and I successfully renew it for five years on Thursday. The renewal fee is RM60/year. My deadline was 3rd January 2020 but I was late for one week. I was fined for RM20. The officer there said it would fine me even I was late for one day.
The next day, on Friday, I went to JPJ Penang, just to renew my driving license. I met Gary Chew there, he was there to renew his car road tax. The renewal fee for driving license is RM30/year. Hence, I renew for five years.
Why always five years? This is because I'm worried that our government will increase the price later, so I'm better to lock the price now. Ergo, I overspent this month. This is because I had paid RM2,500 to my dad as my new house's deposit of 1%.
Now I''m just hoping that I can secure the house. The loan banker from Public Bank, who is introduced by the house owner don't reply my query messages even once. Thus, I'm very disgusted and his service is not good. Therefore, I think my service and attitude are better than him. But he is driving a Honda Accord now. Perhaps he still owes a lot of money.
Let's hope for the best. I need that house to let my grandpa to stay after CNY this year as he is obliged to move out of his sold house in Penang Hill before 1st March 2020.
The next day, on Friday, I went to JPJ Penang, just to renew my driving license. I met Gary Chew there, he was there to renew his car road tax. The renewal fee for driving license is RM30/year. Hence, I renew for five years.
Why always five years? This is because I'm worried that our government will increase the price later, so I'm better to lock the price now. Ergo, I overspent this month. This is because I had paid RM2,500 to my dad as my new house's deposit of 1%.
Now I''m just hoping that I can secure the house. The loan banker from Public Bank, who is introduced by the house owner don't reply my query messages even once. Thus, I'm very disgusted and his service is not good. Therefore, I think my service and attitude are better than him. But he is driving a Honda Accord now. Perhaps he still owes a lot of money.
Let's hope for the best. I need that house to let my grandpa to stay after CNY this year as he is obliged to move out of his sold house in Penang Hill before 1st March 2020.
Wednesday, 1 January 2020
2020 New Year's Resolution
Yoyoyo, today is 1st January 2020. Well, it's a new year and everything will start from zero for my career. Let's make some resolutions now and see how many we can accomplish later at the end of the year.
For Year 2020, I want to pursue my time back. I had rested for more than a year since my road accident and I want to earn back my money and do my things.
1) My eyes will be recovered this year. When I first spotted my dark vision after I am awaken, it was 80% dark and now it's improved, it's now just about 15% dark.
2) I want to start my exercise back since I was 69kg when I weighted myself in the last two consecutive blood donation in Mahindarama Buddhist Temple. Last time before my road accident, I was just around 59kg and now I have grown fat 10kg, oh my god!
3) Since my career is helping people in the society, especially the poor ones, therefore I hope that I can close at least one case per week, either insurance plan or saving plan. Service is not a matter to me. Since I am doing a good thing, so I hope God will help me this round.
4) When I have those cases in hand, my salary will go higher, thus I want to donate to those in newspaper asking for help medically or living expenses.
5) Since Ji Gong said my 'red string' is out, thus I hope for a girlfriend, regardless of known or unknown as long as I am crushed on her.
6) Since 3V6R daily is what Super Group (SG) promotes and encourages so far, I hope I can do it now.
7) Hopefully I can secure a house this year since my grandpa is going to stay with me and his house in Penang Hill had been sold.
8) I want a car too. Since my uncle is not going to sell his motorcycle, ergo I don't intend to sell my motorcycle just for a new one too.
I believe more will come later but now it's eight altogether. Well, in my opinion, I hope for No.3 and No.5 the most, money and love. My friends around me were getting married or even with kids already, so I hope that I can be one of them too. Well, it's time now, I am age 30 this year.
Let's hope for the best.
For Year 2020, I want to pursue my time back. I had rested for more than a year since my road accident and I want to earn back my money and do my things.
1) My eyes will be recovered this year. When I first spotted my dark vision after I am awaken, it was 80% dark and now it's improved, it's now just about 15% dark.
2) I want to start my exercise back since I was 69kg when I weighted myself in the last two consecutive blood donation in Mahindarama Buddhist Temple. Last time before my road accident, I was just around 59kg and now I have grown fat 10kg, oh my god!
3) Since my career is helping people in the society, especially the poor ones, therefore I hope that I can close at least one case per week, either insurance plan or saving plan. Service is not a matter to me. Since I am doing a good thing, so I hope God will help me this round.
4) When I have those cases in hand, my salary will go higher, thus I want to donate to those in newspaper asking for help medically or living expenses.
5) Since Ji Gong said my 'red string' is out, thus I hope for a girlfriend, regardless of known or unknown as long as I am crushed on her.
6) Since 3V6R daily is what Super Group (SG) promotes and encourages so far, I hope I can do it now.
7) Hopefully I can secure a house this year since my grandpa is going to stay with me and his house in Penang Hill had been sold.
8) I want a car too. Since my uncle is not going to sell his motorcycle, ergo I don't intend to sell my motorcycle just for a new one too.
I believe more will come later but now it's eight altogether. Well, in my opinion, I hope for No.3 and No.5 the most, money and love. My friends around me were getting married or even with kids already, so I hope that I can be one of them too. Well, it's time now, I am age 30 this year.
Let's hope for the best.
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