Author: admhadeef

Property Strata Title Transfer Process

Last Saturday, I went to sign Form 14A to transfer master title of my apartment from PKNS (developer) to my name.

So I asked the appointed lawyer on the process. She diligently explained it to me the process, estimated timeline and estimated fee.

scrible that my lawyer did to explain the strata title change process
scribble that my lawyer did to explain the strata title change process

I redraw the scribble on paper for me to understand more the process. Here is the outcome.

strata title transfer process
strata title transfer process

Overall process to transfer the strata title will take around 17 months.
There are 2 payments to be made. One is during the POT and second during the POC.

What are POC & POT are explained below.

windmill genting highlands 6 pax 2 rooms with balcony
Advertisement ~ Genting Highlands ~ 6 pax ~ 2 rooms with balcony

There are 2 major processes:

  1.  Perfection of Transfer (POT) – to insert owner name into the strata title.  Estimated timeline is 9 – 10 months. The fee is calculated based on S&P price.
  2.  Perfection of Charge (POC) – to insert bank name into the strata title if the property still has loan on it. Estimated timeline is 4-5 months. The fee is calculated based on loan amount.

Required Documents

  1. S&P document
  2. DOA (deeds of assignment)
  3. Quit rents payment
  4. Owner’s IC

Required Clarification From Lawyer

After doing the process flow, I noticed few things that I don’t understand as listed below. I will get more clarification from the lawyer and will update my post accordingly.

  1.  From the process flow diagram – (7) / (8) bank direct to LHDN or via lawyer?
  2. From the process flow diagram – (9)/(10) LHDN direct to PTG or via Lawyer?
  3. From the process flow diagram – (9) what is adjudication for?
  4. Can use lawyer appointed by developer for bank to complete the POC?
  5. Fee calculation for POC & POT

Definitions:

POT: Perfection of Transfer
A process to insert owner name into the strata title.

POC: Perfection of Charge
A process to insert bank into the strata title if the property still has loan.

DRR: Deed of Receipt & Reassignment Process
A process to remove bank’s mortgage from the strata title

 

CIMB Home Loan Reduce Principal via CIMB Clicks

I wanted to reduce my CIMB Home Loan so I called CIMB call centre on how to do it. It was really surprising how easy it is.

Just login to your CIMB Clicks account. You will see your home loan at the dashboard.

1) As usual, when you want to pay for your Home Loan, you click:

Pay & Transfer -> Pay Loans & Cards.

CIMB Home Loan Reduce Principal via CIMB Clicks
CIMB Home Loan Reduce Principal via CIMB Clicks

2) Then select, your home loan account. At bottom on payment option, you choose Reduce Loan Principal.

CIMB Home Loan Reduce Principal via CIMB Clicks
CIMB Home Loan Reduce Principal via CIMB Clicks

3) After the transfer, go immediately to your CIMB Clicks dashboard, the home loan principal will be reduced immediately based on your transfer amount.

 

 

50 Reasons Why Parents Should Encourage Their Children Play Sports

I encourage my children to do sports. Every weekend we play bicycle in the morning and badminton in the evening. While Lish does gym every Saturday morning for one hour and half.

I encourage them to play sports mostly because of these:

  1.  Builds character
  2. Develop focus
  3. Increase energy level
  4. Build friendship
  5. Build strengths
  6. Reduce fatigue
  7. Teaches children about winning and losing

Bought Bicycle for Lisha & Sha

Every Saturday & Sunday, Lish, Hadeef & myself play bicycles. I myself will do at least 5 rounds while the kids around 10 rounds.

It is very healthy activity, the heart pumps fast especially when we race each other. Lish’ bicycle is becoming smaller for her. I decided to buy new one for her 10th birthday.

At same time, I tried to persuade my wife to join the party. So we decided to find affordable and recreational bicycles for Lish & Sha.

We went to Kedai Basikal TTDI Jaya. It carries Raleigh brand and China made bicycles.

As usual, Lisha likes purple and feminine bicycle, she tried few round at the shop before chose the bicycle.

https://www.awesomegrasp.com/wp-content/uploads/2019/02/raleigh-purple-bicycle-1.jpeg
raleigh purple bicycle

While for Sha, she wants an easy to ride and folded bicycle so easy to store at the house.

folded bicycle
folded bicycle
folded bicycle
folded bicycle

The Kedai Basikal TTDI Jaya owner was really helpful in giving advice and what kind of bicycle suitable for them.

Lish’s bicycle cost RM450 + RM15 (to change the handle) while Sha’s bicycle cost RM590 after discount. Total bicycle cost is RM1,055 which I think is reasonable.

The bicycle shop accepts credit card but they charge 2.5%, so we decided to transfer online.

I would recommend the bicycle shop, if you plan to find an affordable and simple bicycles.

bicycle shop ttdi jaya
bicycle shop ttdi jaya
bicycle shop ttdi jaya
bicycle shop ttdi jaya

Location of the bicycle shop:

25, Jalan Opera K, U2/K, Taman TTDI Jaya, Shah Alam, 40150, Shah Alam, Selangor, 40150

Google Map Location

Opening hour: 10:30AM to 7:00PM

Tel: 03 787 5832

Developing Good Habits at Young Age

Every parents want their kids to be successful in their life be it in academic, sports or other fields.

As parent we want our kids to be excel in their:

  1. Academic
  2. Sports
  3. Music
  4. Finance
  5. Programming
  6. Religion

Of course don’t expect them to be excellent in all those but will try to equip them with the right knowledge and habits.

Talking about habits, it is the most important skills to have in order to achieve what ever you want in life.

There is a popular book about the “Power of Habits” by Charles Duhigg – you must have strong discipline if you want to be good at anything. You must be able to wake up early and study. If you feel tired make move to increase stamina by exercising, at same time it will release your stress.

For my kids, below are the routine that we have together especially if I’m on leave or during weekend.

  1. Wake up by 6:00AM
  2. Solat Subuh together
  3. My kids do their academic exercise from 7:00AM to 8:00AM
  4. Ride bicycle until 9:00AM
  5. Breakfast
  6. Have their shower
  7. Let them play together with their siblings mostly iPad. They play Roblox or Minecraft together.
  8. Lunch
  9. Solat Zuhur together
  10. Another round of extra work
  11. Then Deef practices his drums while Lish practices her gym.
  12. Free time for them what ever they want to do but as usual they play iPad.
  13. Solat Asar together
  14. Dinner, Solat Maghrib and Isyak together.
  15. At night usually reviewing back what they have done on their extra works.
  16. If they are weak on one particular topics, I will jot it down in my excel sheet so I remember that they have to repeat it in next few days to ensure they truly understand and remember how to do it.

I try to achieve life balance for them, not too playful and not too academic etc. I believe in Wasatiyyah.

Surprisingly, the most difficult part is for me to monitor and ensure my kids do the daily routine. My beloved kids will just follow it as people say it is easy to teach kids when they are young.

My Target Property Investment Criteria

I really love invest in properties. I started to study property investment in 2008. That time, my wife and I had high debt. I was asking myself how to make money work for themselves.

So I read lots of books about investment. I found 2 major kinds of investment.

  1. Property Investment
  2. Stocks Investment

At first, I started to invest in stocks as the capital requirement was quite small and easier for me to enter into it and easy exit as well.

While doing my stocks investment, I read more than 10 books about properties investment. I did lots of theoretical studies but I didn’t take any action because I was really afraid to venture into it.

I fear property investments because:

1) How do I know the property can be rented out easily?

2) How do I know the tenant is good paymaster & will do good take care of my property?

3) What happens if I can’t rent out fast? Can I cover the loan monthly installment.

4) If anything broken, how much the cost? Can I cover it?

5) Afraid of unforeseen cost to buy a property such as legal cost, valuation cost, stamp duty etc? (Most of books I found are suitable from US, hardly to find Malaysian book which covers these costs)

After awhile doing stocks investment, I feel bored cause it is like watching screen of price movement without much excitement.

I made a leap of faith by going to the ground and did heavy study on properties within my home.

I check occupancy rate of a property, what kind of rental price demand, condition of properties etc by visiting lots of them.

When I bought my first property it was a run down unit with lots of repair to be done.

My hand was shaking when I signed my first property investment S&P. I didn’t have money to cover some of the legal cost.  I had to cut my food and other spending to cover my legal cost.

Alhamdulillah, now I have 5 rental properties. If not because of the 30% down payment requirement, I would have more than 10 rental properties by now. :-).

Below are my list of criteria for property investment.

  1. Driving time: 30mn from my house
  2. The area offers lots of jobs opportunity or nearby to business district area such as KL.
  3. Occupancy rate must be above 90%. (Check whether lots of people stay that area at night by looking at the light or parking. If full of cars mean it is good)
  4. Property type is low rise walk up apartment & non furnished (low rise so less competition, walk up because in Malaysia it is known lift is not well maintain, it must be first or second floor only. Ground floor is not preferred because no privacy. Higher floor more competition from first 2 floors)
  5. Joint Management Board (JMB) must be well established to ensure strong management in maintaining the apartment.
  6. Area must be clean. Clean area attracts quality tenant.
  7. Any competition with similar built up and price

Tip Top Air-cond Servicing

I had few bad experiences in servicing house air-cond. Hired few services provider but not that lucky to experienced some after serviced issues such as gas leaks or not cold.

But at last I found this one company who is expert in air-cond servicing. They can service air-cond without taking out part of the unit from the wall. The process is quicker and results satisfying – air-cond is very cold after service. I used their services for few times and every after service makes my air-cond felt like new.

service aircond
method used or air-cond servicing
ts aircond 60 12-672 9633
Service Provider contact : TS air-cond 60 12-672 9633

So I would recommend this company:

TS Air-cond Sdn Bhd

Tel: 60 12-672 9633

Thumbs UP!!

Built Tower with Popsicle Sticks

Triangle is the strongest shape a structure can have to build a bridge. It is the strongest shape because any added force is evenly spread through all three sides.

Squares or cubes also can be strengthened by adding a diagonal pieces across the middle making it two triangles linked together. Here then i thought kids on a simple illustration activities of the strongest shape and show them.

  • triangle shape
    triangle shape
  • square shape
    square shape

Then to make it more interesting, we make a build game contest to compete whose tower the strongest.

To construct the towers, we used colourful popsicle sticks which you can buy at Mr DIY and use cellophane tape to sticks them together. We avoid using glue because it would be messy and more time needed to let it dry.

The strongest tower could withstand more books and should be the winner.

After completion, we tested the robustness of each tower by putting slowly books on top of it.

The strongest towers as follows:

  1. Mom + hadien
  2. Hadeef
  3. Aliesha

Way to improve my kids BM writing skills plus increasing knowledge.

Last year (2018) school holiday, I asked my both kids to read Bahasa Malaysia books on Islamic historical due to this main reasons;

  1. to improve Bahasa Malaysia vocabulary and;
  2. learn writing essay in Bahasa Malaysia the right way

At first kids didn’t show any interest and reluctant to read it. I still encourage them to read by making sure at first they summarise to me pages they read. But after few times reading it, they become excited to read more other books – related to Islamic heroes.

Lucky i have those collection at home so they can picked from there.

Then from there I proceed for them to summarise whatever they have read at Google Sheet created and shared to me for easy review. Hope this is some of encouragement and support system for them to improve their BM vocab whilst learning the good values in Islam.

Below are the list of the books.

  • salahudin
    salahudin
  • khalid al walid
    khalid al walid
  • al fateh
    al fateh
  • abu ubaidah
    abu ubaidah