Information & Documents Needed by Seller’s Lawyer for Selling a House in Malaysia

22 04 2010

Sumber:http://www.horlic.com/information-documents-needed-by-seller’s-lawyer-for-selling-a-house-in-malaysia/
What are the procedures of selling a house in Malaysia? If this is your first time to sell a house, then you should appoint a lawyer representing you to handle and ensures all the proper selling property procedures are in order, accordingly.
It doesn’t make sense to save the few thousand legal fees and putting you into the risk of a deal involving easily hundred thousand, agree?
After you have appointed your own lawyer, prepare the following information and documents immediately for them to proceed the selling process:A copy of the “Offer to Purchase”
A complete set of your “Principal Sale and Purchase Agreement”
The copies of your current loan documentations (“Loan Agreement”, “Deed of Assignment” and “Power of Attorney”)
Your income tax number and serving branch
The latest “Assessment Receipt”
The latest statement of accounts from the Joint Management Body/the Developer
A clear copy of your NRIC
Your housing loan account number and the address of the branch
A latest statement on the housing loan account, revealing that the Redemption Sum does not exceed the balance 90% of the Purchase Price





Don’t Invest Property in KL Top 10 Flood Prone Areas

22 04 2010

Sumber:http://www.horlic.com/don%E2%80%99t-invest-property-in-kl-top-10-flood-prone-areas/
Is my property in a flood zone? It is a nightmare question to be raised in every home buyer’s mind regardless they bought it for investment or own staying purposes.

Recently, heavy rain in KL and PJ almost every day. Flood warning system is alarming. The State Drainage and Irrigation Department (DID) and Kuala Lumpur City Hall (DBKL) are on high alert for flood monitoring in Selangor and Kuala Lumpur (KL). They have spotted Top 10 flood prone areas in KL as below:
Jalan Duta
Jalan Cheras (near Tesco)
Kampung Baru
Kampung Periok
Segambut Dalam
Segambut Bahagia
Kampung Kasipillay
Kampung Kolam Air
Jalan Kelang Lama (4th mile)
Jalan Travers
The areas named on above are now become my blacklisted property location for investment. Click here for other flood prone areas under Petaling Jaya City Council (MBPJ), Selayang Municipal Council (MPS) and Batu Caves.