Malaysia Secondary Property Buying Process

Before Booking a Property

Before you do any booking, better check with any banks your loan eligibility to avoid any problem after booking a property.

Deposit 3.18% To Book a Property

If you book via property agent, ensure you deposit to the property agent company account not the agent personal account.

Please ask the agent,  in what conditions your deposit can be forfeited.If you deal directly with owner, ensure you deposit to owner lawyer or via your lawyer.

Housing Loan Application

If via agent, you can get them to assist you to send loan applications to multiple banks.

If not, you can do it yourself.

If your loan get rejected ensure you have black and white. Most agent will want to see 2 rejected loans in order to refund your deposit.

Housing Loan Approval

When you receive your loan approval and have the cash to pay the remaining the deposit,  you can sign the S&P.

S&P Signing

If you have any additional terms and conditions agreed with owner, ensure they are included inside the S&P.

Please vet through the agreement before signing.

Vacant Possession

Vacant Possession or VP means the unit is now belong to you. You can enter and occupy the unit.

Majlis Bandaraya Shah Alam Submit General Complaint

I found main hole covers near my house area are badly bent. It is really dangerous for any vehicles passing through the road. Furthermore during heavy raining, you can’t really see the dented main holes.

So I submit my complaint to Majlis Bandaraya Shah Alam (MBSA) via Selangor Sistem Pengurusan Aduan portal.

mbsa aduan general complaint form
mbsa aduan general complaint form

My Complaint To MBSA

mbsa aduan snippet
mbsa aduan snippet

The dented main hole covers

badly bent main hole cover
badly bent main hole cover

MBSA Keeps Resident Updated

Surprisingly few days after I submitted my complaint, MBSA officer called me and informed me when they will investigate it and told me if it is true the expected timeline to repair it.

Besides MBSA keeps sending email on the progress status

mbsa keeps resident updated on the complaint
mbsa keeps resident updated on the complaint

The new and more rugged main hole cover

repaired and more rugged main hole
repaired and more rugged main hole

Conclusion

I submitted my complaint on 14th April 2021 and the main hole covers are replaced on 15th May 2021. It took MBSA 1 month to replace them.

I like to praise to MBSA for their fast response and quick action.

How To Repair Dripping Water Tap

My kitchen water tap starts to drip even after fully closed it. When I went to hardware shop they told me that a problematic cartridge might cause the water dripping.

Unscrew The Water Tap Handle

Usually the screw is hidden at the handle and it is of hex socket.

Remove the Cartridge by Turning Anti Clockwise

See whether The Cartridge Has Problem or No

Mine as you can see there is a small gap.

Replace it With New Cartridge

You can get the cartridge at RM12.90 and the cap around RM8.

water tap cup and cartridge are sold separately
water tap cup and cartridge are sold separately

 

You also can buy the cup and cartridge at Shopee or Lazada. Ensure you choose the right size.

shopee and lazada selling water tap cup and cartridge
shopee and lazada selling water tap cup and cartridge

Tighten the new Cartridge and Put back the water Tap Handle

Maybank 61st Annual General Meeting Y2021

The postponed Maybank 61st AGM was conducted on 6th May 2021. This is my second time join Maybank AGM online.

Maybank was supposed to conduct their 61st AGM on 15th April but due to technical glitch they had to postpone the AGM to 6th May.

The AGM starts at 10AM and ends by 330PM

Maybank Online AGM is conducted via Boardroom.

maybank chairman tan sri zam opening remarks
maybank chairman tan sri zam opening remarks

Key Highlights FY2020 Performance

maybank financial Y2020 performance
maybank financial Y2020 performance
  • Net Operating Income increases 0.6% YOY
  • Overhead reduces by -2.7% YOY
  • Pre provision profit is RM13.52B (increase by 2.6%)
  • Provision for Credit losses increase more than 100% to RM5.07B

Macroeconomic Headwinds

maybank operating landscape
maybank operating landscape
  • Covid 19 pandemic forced border closures.
  • Result in weak global and domestic demand
  • Low interest rate environment
  • Asset qualities weakness

Dividend Payout

maybank dividend payout Y2020
maybank dividend payout Y2020
maybank dividend yield vs other banks
maybank dividend yield vs other banks
maybank capital perservation
maybank capital perservation
  • 52 sen dividend payout for Y2020
  • Maybank dividend yield is higher than other banks in Malaysia and regional banks.
  • Highest dividend payout for the past 10 years at 91.2% payout
  • Capital level is still healthy even after dividend payout

Key Responsibilities

maybank responsibilities
maybank responsibilities
  • Customers – provide financial relief
  • Employees – enabled WFH and other safety measures
  • Investors – reclassification of dividend for faster payout
  • Regulators – establish framework and guidelines for lending
  • Communities – Maybank contributed over RM20M to mercy

Moving Forward FY2020 – Digital Solutions

maybank M25 target outcomes
maybank M25 target outcomes
maybank digital journey
maybank digital journey
  • M25 – 13% – 15% ROE and more than 100 sen earning per share
  • Digital journey – SME online application, EzQ to make appointment to any Maybank branch and develop online platform for small businesses.

Corporate Social Responsibilities

maybank assisting communities
maybank assisting communities
  • Contributed RM20M to Mercy
  • Raised RM3M to assist vulnerable communities and to support Covid-19 initiative

Questions from Shareholders

maybank appointing tan sri zam who doesnt have financial background
maybank appointing tan sri zam who doesnt have financial background
  • Most questions are regarding Covid-19 impact to Maybank performance & its dividend policy.
  • Maybank CEO explained that it is hard for Maybank to gauge the impact but the dividend policy remains around 60% of net profit.
  • For all attendees of Maybank AGM will receive RM50 to their MAE for the postponed AGM and another RM50 who attended the AGM on 15th April. So who attended both AGMs will receive RM100.
  • According to Maybank, they don’t plan to reduce their branches like other global banks.
  • Maybank uses its huge database on analysis for credit risks and loan offering.
  • Another question whether Maybank plans to introduce its own bitcoins in which Maybank replies no.
  • A shareholder asks why Maybank appoints Tan Sri Zam as its chairman who doesn’t have any financial background. According to Maybank they need someone with technology background at board level to help Maybank in their digital journey.

Conclusion

Good insight on Maybank performance on the meeting and Maybank plans to do more digital solutions moving forward to mitigate Covid-19 impact.

Another good thing receive door gift of RM50 which this is my second time receiving RM50 for attending Maybank AGM.

2 Night Stays at Hotel Hilton Kota Kinabalu Sabah

hotel hilton kota kinabalu sabah lobby
hotel hilton kota kinabalu sabah lobby
hotel hilton kota kinabalu sabah lobby
hotel hilton kota kinabalu sabah lobby

Room

hotel hilton kota kinabalu sabah 2 single bed
hotel hilton kota kinabalu sabah 2 single bed
hotel hilton kota kinabalu sabah 2 bed room
hotel hilton kota kinabalu sabah 2 bed room
hotel hilton kota kinabalu sabah room
hotel hilton kota kinabalu sabah room
hotel hilton kota kinabalu sabah toilet
hotel hilton kota kinabalu sabah toilet

Breakfast

hotel hilton kota kinabalu breakfast western
hotel hilton kota kinabalu breakfast western
hotel hilton kota kinabalu breakfast nasi lemak
hotel hilton kota kinabalu breakfast nasi lemak

Swimming Pool

hotel hilton kota kinabalu swimming pool
hotel hilton kota kinabalu swimming pool
hotel hilton kota kinabalu swimming pool
hotel hilton kota kinabalu swimming pool

Room rate

As of July 2020, the room rate is RM180 per night for 2 single bed including breakfast.

Location

hotel hilton kota kinabalu sabah location
hotel hilton kota kinabalu sabah location

From KKIA to Hotel Hilton: 7km, 11 min driving
From Hotel Hilton to Pasar Philipines: 2.6km, 8 min driving
From Hotel Hilton to Likas Beach: 8.5km, 12 min driving

It is easy to find restaurants surrounding the hotel and within 5 min you can get your Grab.

How To Reduce Maybank Housing Loan Principal @ Prepayment

I have a housing loan with Maybank. So  I want to know how to reduce the principal. So I called Maybank call centre and according to the call centre, I need to deal directly with Maybank branch where I applied my housing loan.

If you don’t know the branch phone number you can get it from Maybank call centre.

When I call to Maybank branch where I applied my loan, the person in charge informed me the steps.

1) Transfer Extra Payment Directly to Maybank Housing Loan

  • The extra payment is parked at advance payment but the outstanding loan is still be reduced

2) Outstanding Loan will be Automatically Reduced

3) If Advance Payment is More than the monthly payment, Standing Instruction (SI) is automatically stop for next payment cycle (If you pay from SI)

4) If you want Advance Payment to be transferred directly to Loan Principal

  • Go to any Maybank branch to give instruction to transfer the advance payment.
  • It requires customer thumb print to do this thats why have to go to the branch.

Notes:

  • I called Maybank on 3rd May 2021.
  • Please verify with your branch to double confirm