The cost of selling a property in Malaysia

If you were to buy a property for investment, you should be well aware of the cost involved in buying the property, as well as the cost to sell it later.

The typical cost of selling the property consists of:
1. Advertisement fee to look for buyer (if any).

2. Agent fee (if you engage property agent to help you to sell your house): between 2%-2.75%. Officially, it is 2.75% if the selling price is below RM500k, and 2% if the selling price is above RM500k. There is a 6% government tax on this agent fee too.

3. Lawyer fee for Sales and Purchase Agreement (calculated based on the property's selling price, if you engage a lawyer on your behalf. You can save on this if you use the buyer's lawyer):

• First RM150k = 1% (or minimum RM300, whichever higher)
• Subsequent up to RM1 million = 0.7%
• Subsequent up to RM3 million = 0.6%
• Subsequent up to RM5 million = 0.5%
• Subsequent up to RM7.5 million = 0.4%
• Above RM7.5 million = negotiable

4. Deed of Receipt & Reassignment, Revocation of Power of Attorney, Letter of Undertaking, Statutory Declaration, etc. = a few hundreds                      

5. Miscellaneous legal fee = at least a few hundreds

6. 6% government tax on total lawyer fee

7. Submission of CKHT 1A form per seller = RM300 (RM600 if the house is jointly owned by 2 owners) 

8. Real Property Gain Tax = 5% of net profit if selling within 5 years of acquisition

9. Penalty payable for early mortgage settlement (if still within lock-in period) = depends on the loan agreement

Besides, you can get back some surrender value (partial refund on premium paid) from the following (if applicable):

• Mortgage Reducing Term Assurance (MRTA)
• Fire insurance

You might probably be interested to also read about:

• The cost of buying and owning a property in Malaysia

The cost of buying and owning a property in Malaysia

The property market in Malaysia has gained quite a lot of interest, especially over the past 3 years when the mortgage loan interest dipped to historical low.

If you were to buy a property for own stay or for investment, you should be well prepared for the cost involved.

The typical cost consists of:

A. One time cost

1. The booking fee, down payment and subsequent unfinanced payment of the property (normally about 10%-20% of the property price)

2. Lawyer fee for Sales and Purchase Agreement (calculated based on the property price):

• First RM150k = 1% (or minimum RM300, whichever higher)
• Subsequent up to RM1 million = 0.7%
• Subsequent up to RM3 million = 0.6%
• Subsequent up to RM5 million = 0.5%
• Subsequent up to RM7.5 million = 0.4%
• Above RM7.5 million = negotiable

3. Miscellaneous fee for preparation of Sales and Purchase Agreement = at least a few hundreds

4. 6% government tax on total lawyer fee for Sales and Purchase Agreement

5. Stamp Duty of Sales and Purchase Agreement (calculated based on the property price):

• First RM100k = 1%
• Subsequent up to RM500k = 2%
• Subsequently onwards = 3%

6. Lawyer fee for Loan Facility Agreement (calculated based on mortgaged amount):

• First RM150k = 1% (or minimum RM300, whichever higher)
• Subsequent up to RM1 million = 0.7%
• Subsequent up to RM3 million = 0.6%
• Subsequent up to RM5 million = 0.5%
• Subsequent up to RM7.5 million = 0.4%
• Above RM7.5 million = negotiable

7. Stamp Duty of Loan Facility Agreement (calculated based on mortgaged amount) = 0.5%

8. Miscellaneous fee for preparation of Loan Facility Agreement = at least a few hundreds

9. 6% government tax on total lawyer fee for Loan Facility Agreement

10. Land/Strata Ownership Title Transfer = at least a few hundreds + 6% government tax on legal fee

11. Stamp Duty of Land/Strata Ownership Title Transfer (calculated based on the property price):

• First RM100k = RM1 for every RM100 or fractional part of RM100
• Subsequent up to RM500k = RM2 for every RM100 or fractional part of RM100
• Above RM500k = RM3 for every RM100 or fractional part of RM100

12. Consent to Charge (for leasehold property) = at least a few hundreds + 6% government tax on legal fee

13. Mortgage Reducing Term Assurance (MRTA, optional) = a few thousands

14. Deposit for water and electricity = at least a few hundreds

15. Deposit for telephone, Internet service, satellite/cable TV (optional) = at least a few hundreds

16. Renovation and moving cost = depends on you, easily more than RM10k

B. Recurring cost

1. Quit rent (yearly) = around RM50

2. Assessment tax (yearly) = a few hundreds

3. Fire insurance (yearly) = a few hundreds

4. Mortgage Level Term Assurance (MLTA, yearly, optional) = a few thousands

5. Housing loan repayment (monthly) = at least a few hundreds

6. Severage treatment fee (half yearly) = RM48

7. Water, electricity, telephone, Internet, satellite/cable TV, etc. = depends on usage

8. Cooking gas = depends on usage

9. Security fee (for gated & guarded community or apartment/condominium) = depends

10. Maintenance fee and sinking fund (for apartment/condominium) = depends

11. Car park rental (optional for certain apartment/condominium) = depends

12. Pest and termite control service (yearly, optional) = at least a few hundreds

You might probably be interested to also read about:

• The cost of selling a property in Malaysia

Case-Mate Tough case for HTC Incredible S

Recently, I managed to get a Case-Mate Tough case for my HTC Incredible S Android smartphone at a bargain price (almost the same price with my Case-Mate Barely There case).

The Case-Mate Tough case is a 2-in-1 case that provides double-layer protection to the phone, and officially claimed to be able to withstand sudden drops and accidental falls.

The inner layer is a soft rubber-like feeling silicone skin, covering up the phone (including the buttons) to provide the impact protection, and the outer layer is a hard polycarbonate shell, which is the same material with Case-Mate Barely There case, providing additional protection, as well as gripping the inner layer firmly to the phone.

The front:

and the back:

Pros:

• You can immediately feel that the protection to the phone is great.
• Access to the phone's power button is much better than Case-Mate Barely There case.

Cons:

• It makes your phone become bulky.
• It also makes your phone heavier.
• More troublesome to wear and remove, as it consists of 2 layers.

Malaysia Tesco Clubcard members, download your limited time RM10 saving voucher here

Tesco Stores Malaysia is giving away RM10 saving voucher to their Clubcard members, which you can download from their website and print out to use.

This voucher is only valid for purchase in Tesco above RM100, during the period of 18-20 November 2011.

Terms and conditions:

1. Limit to 1 coupon per transaction per day.
2. Vouchers or coupons are not exchangeable for cash.
3. Vouchers or coupons are not valid for purchases of: a. Tesco Gift Voucher; b. Tobacco Products; c. E-Pay Credit Coupons / Pre-paid Top Up
4. Vouchers or coupons are not valid for purchases made at Mall Tenants and Food Court.
5. Spend and Save Vouchers cannot be used to combine with ANY Clubcard Vouchers or Cash Vouchers.
6. If the value of the goods purchased falls short of the amount indicated, no cash refund will be given.

Download your Tesco RM10 Spend and Save Voucher here!

The real fact about your Lithium-ion battery life and death

Nowadays, Lithium-ion battery is commonly used to power up electronic gadgets including laptop, netbook, tablet PC, mobile phone, cordless phone, digital camera, GPS navigator, PDA, MP3 player, etc.

There are quite a lot of information in the Internet teaching you how to prolong the lifespan of your Lithium-ion battery, but not all of them are true. Some are even misleading and ridiculous.

The information below is summarized from 2 websites, namely:

1. batteryuniversity.com
2. howstuffworks.com

which I believe to be more reliable source to learn about the real fact of your Lithium-ion battery life and death.

Here we go:

• Lithium-ion batteries age. They start degrading as soon as they leave the factory. They will only last 2-3 years from the date of manufacture whether you use them or not. You should fully make use of your Lithium-ion battery, because it will still die off even if you store it aside and not using it for long time.
• Lithium-ion batteries are good in holding charge. A lithium-ion battery pack loses only about 5% of its charge per month when not in use. (Compared to 20% loss per month for NiMH batteries)
• Lithium-ion batteries have no memory effect. You don't have to completely discharge them before recharging.
• If you completely discharge a lithium-ion battery, you can no longer recharge it. It is ruined. However, the battery has electronic mechanism to prevent it from complete discharge by stop working when the voltage is too low. A fully discharged battery left for a long period of time will lose its charging capacity.
• Lithium-ion batteries can handle hundreds of charge/discharge cycles. Don't worry about recharging it often.
• Lithium ion chemistry prefers partial discharge to deep discharge. Your battery can have longer life if you charge it often rather than charging it after deep discharge.
• Lithium-ion batteries can have as much as 4,700 discharge cycles if you recharge it at every 10% drop in capacity; 2,500 discharge cycles if you wait until 25% drop; 1,500 discharge cycles if you wait until 50% drop; and only 500 discharge cycles for 100% full recharge.
• Avoid leaving them in high temperature, such as in a car parked at sunny outdoor. Heat causes lithium-ion batteries to degrade much faster than they normally would. Keep your battery below 30°C (86°F). Extremely high temperature might also cause battery explosion.
• When stored in 0°C, Lithium-ion batteries suffer about 6% permanent capacity loss in 1 year. At 25°C, they suffer about 20% permanent capacity loss in 1 year. At 40°C, they suffer about 35% permanent capacity loss in 1 year. At 60°C, they suffer about 40% permanent capacity loss in 3 months.
• Normally, there is built-in mechanism to prevent Lithium-ion batteries from overcharging, so you don't have to worry about battery degrade due to overcharging. However, if such mechanism failed, overcharging might cause excessive heat generated, which is harmful to the battery's lifespan.
• Most lithium-ion batteries cannot exceed 4.20V/cell. While a higher voltage would boost up the battery's capacity, over-voltage shortens its life.
• High charge levels and elevated temperatures hasten permanent battery capacity loss. This is the reason why some people prefers to remove the battery from laptop when it is on A/C power (so that the battery will not be always fully charged, and expose to the heat generated by the laptop). 
• Storing the battery at 40%-60% state-of-charge instead of fully charged can prolong its life.
• Avoid ultra-fast charging and discharging. If the charger allows, lower the charge voltage limit to prolong battery life. In this case, sometimes charging the electronic gadget by connecting it to a computer's USB port is more preferable than charging it with wall socket charger.

Family outdoor activity at Janda Baik, Pahang

My family with some 20 families altogether, have brought our kids who live in urban city to a small village called Janda Baik (coordinates: 3°19'42.94"N, 101°51'43.29"E) in Pahang for a 2-days-1-night parenting activity organized by the Family Learning Centre (亲子学苑) of the United Chinese School Teachers' Association Of Malaysia (教总).

This is a wonderful experience, as most of the organized camping activities only involve the kids, but this camping invites both the parents and children to experience the nature together.

The journey started by visiting to a waterfall. At first, we entered into the jungle following a smooth lane.

What a nice jungle walk where we can see and try to identify the different kinds of leaves, flowers, plants, insects and small animals. We are also able to see some of the buildings of Genting Highlands from far.

Soon, the journey became more and more challenging as we entered the untreated lane.

We needed to climb through relatively steep sloves, walking through slippery mud and crossing through waterlogging, before we finally reached the waterfall.

When I reached the waterfall, I found a bloody leech on my leg. Ouch!

We spent most of our time in a platform of New Era Organic Farm, located quite some distance away from the waterfall. This wooden pyramid-shape platform is the place where we eat, play and sleep.

There is a small river near the New Era Organic Farm. Its water is clean, fresh and chilling cool. The children like it very much.

Entering the organic farm all bare footedly, the children also learned to do farming in the farm.

We had camp fire and BBQ at night. No animal was harmed. We only grilled sweet corns in the BBQ.

The trip ended next day with horse feeding in a nearby small horse farm.

This is a nice outdoor activity for our children to get close to nature, and for us to relax ourselves, break away temporary from busy urban living.