Monthly Archives: June 2012

Purchasing a Property – What You Need To Know – Legal Fees

Buying a house could be the largest single investment you will ever make, but one may be entering into it with little or no experience on real estate or mortgage finance.

Unfortunately, it is not as simple as obtain a mortgage, grab the keys and bish bash bosh, you’re in. Purchasing a property is almost guaranteed to cost more than you think.

The main inherent costs are legal fees, mortgage arrangement fees, stamp duty and valuation fees. Make sure you keep some cash aside from your deposit to cover them.

There are instances when ill informed purchasers failed to allocate funds for the completion of property transactions, thus resulting in forfeiture of deposits paid. The importance of proper financial planning is paramount to avoid such losses.

Our legal advisor, Mr Marcus Hwang, Partner in Kwong & Hwang (Advocates & Solicitors) has been kind enough to provide us with the following schedule of legal fees involved in property dealings :-

SALE AND TRANSFER

Consideration or Adjudicated Value Scale of Fees
For the first RM150,000 1.0% (subject to a minimum fee of RM300)
For the next RM850,000 0.7%
For the next RM2,000,000 0.6%
For the next RM2,000,000 0.5%
For the next RM2,500,000 0.4%
Where the consideration or Negotiable on the excess (but shall
adjudicated value is in excess not exceed 0.4% of such excess)
of RM7,500,000

LEASE AND TENANCY

Lease
Monthly Rent Scale of Fees
For the first RM10,000 50% (subject to a minimum fee of RM600)
For the next RM90,000 20%
Where the rent is in excess of Negotiable on the excess (but shall
RM100,000 not exceed 20% of such excess)
Tenancy
Monthly Rent Scale of Fees
For the first RM10,000 25% (subject to a minimum fee of RM300)
For the next RM90,000 10%
Where the rent is in excess of Negotiable on the excess (but shall
RM100,000 not exceed 10% of such excess)

CHARGES, DEBENTURES AND OTHER SECURITY OR FINANCING DOCUMENTS

Amount secured or financed Scale of Fees
For the first RM150,000 1.0% (subject to a minimum fee of RM300)
For the next RM850,000 0.7%
For the next RM2,000,000 0.6%
For the next RM2,000,000 0.5%
For the next RM2,500,000 0.4%
Where the amount secured or Negotiable on the excess (but shall
financed is in excess of RM7,500,000 not exceed 0.4% of such excess)
For the principal instrument Full scale fee
For each subsidiary instrument 10% of scale fee (subject to a
within the meaning of subsection minimum fee of RM200 and a
4(3) of the Stamp Act 1949 [Act 398] maximum fee of RM1,000)

 

DISCHARGE OF CHARGE AND DEED OF REASSIGNMENT

Discharge of Charge
First title RM300
Each additional title in the same instrument RM50
Deed of Reassignment
First title RM300
Each additional title in the same instrument RM50
If the Deed of Reassignment includes a Revocation of Power of Attorney, an additional
fee of RM100 shall be payable to the solicitor.

PREPARING, FILING OR WITNESSING MISCELLANEOUS DOCUMENTS

For witnessing execution of a document RM50 for first and RM10 for each
subsequent copy
For witnessing execution of a document, RM100 for first and RM10 for each
and giving an attestation certificate subsequent copy
Forms under section 108-113, of the RM300 per set
Companies Act 1965 [Act 125]
Real Property Gains Tax form 1 (CKHT 1) RM300 per form
Real Property Gains Tax form 2 (CKHT 2) RM200 per form
Application to State Authority/Statutory Body for consent to transfer/lease/charge :-
for properties where the consideration RM200 per application
or the loan sum, as the case may be,
is RM45,000 or below
for properties where the consideration RM300 per application
or the loan sum, as the case may be,
is in excess of RM45,000
Filing of any other form with an RM100 per form
appropriate Authority
Entry of caveat pursuant to an option RM200 for first title and RM50 for
to purchase, sale and purchase each subsequent title
agreement or loan transaction
Withdrawal of caveat RM150 for first title and RM50 for
each subsequent title

Click here to download the full Solicitor’s Remuneration Order 2005

Buying a house is not only a huge financial decision, but likely one that will affect the day-to-day lives of you and your family for years to come. If you ever feel that emotion is taking over, or that the process is moving too fast for you to understand, then stop everything. Take the time to make a well-reasoned decision, and you’ll find buying a house to be a much more enjoyable and successful process.

Kwong & Hwang (Advocates & Solicitors) are legal practitioners with more than 16 years of experience in conveyancing and law of property in Malaysia. For any enquiries, please contact them via email –  mh@kh.my

TwinHomes International are promoters of the Malaysia My 2nd Home (MM2H) Programme. We are licensed MM2H Visa Agency under the purview of Ministry of Tourism Malaysia. TwinHomes International have been providing support and information to foreigners intending to make Malaysia the ideal second country to live in. We pride ourselves as the most comprehensive one stop centre for all our clients’ migration needs, simply by creating synergies with the widest business network in and around the country.

Settle down to the most sustainable lifestyle in a second country and benefit from the best of both worlds!mm2h@twin-homes.com

Fairview International School

More than 30 years of excellent academic achievement. An institution of International standards embracing profound Asian values.

Member of Fairview Global – a growing regional network of international schools dedicated to enriching learning throughout ASEAN and beyond.

Fairview International School is an English medium, co-educational day and boarding school, set within an extensive purpose built campus.

Our Vision

A Rich Academic Programme

A curriculum based on the best research evidence and on successful teaching and learning strategies for children of diverse backgrounds and learning needs.

A Community School

A vibrant centre for educational, recreational, cultural and social programmes for children and adults in an international community which draws upon and contributes to the vitality of the international community through an innovative and focused curriculum.

A Unique Professional Development Focus

A culture of continuous professional growth for all staff and functions as a ‘hub’ for educators throughout the region to engage them regularly in a wide range of learning opportunities that promote ongoing professional growth.

Our Mission

Fairview International School aims to be a vibrant centre for educational, personal and social growth in the world, providing a rich academic curriculum for children in the local and international community.

Through the use of the best practices in teaching and learning, Fairview International School educates, motivates and inspires students in a challenging environment enabling them to realize their potential.

Fairview International School is committed to raise the standard of education not only within the group itself but also in ASEAN and beyond.

WHY? Fairview International School

International Baccalaureate (IB) – The IB was meticulously chosen as it encompasses multi and interdisciplinary learning. With International mindedness and the 10 learner profiles underpinning the programme, IB not only nurtures the arts and sciences but also employs right brain and critical thinking. Fairview International School Kuala Lumpur is the only IB World School in Malaysia offering the Middle Years Programme (MYP) and all 3 IB Programmes in Malaysia.

Curriculum – Fairview focuses on meeting the needs of all students through programmes tailored for individual needs in an open classroom for digital age literacy. Learning extends beyond the walls of the classroom. The balance between academic and aesthetic subjects to provide better opportunity for the development of attitudes, concepts, skills and knowledge.

Academic Excellence – Fairview International School is reputed for its consistent excellent academic accomplishments over the last 36 years. Our proven record 95% passes in the Cambridge IGCSE examination over the years, bears testimony to our uncompromising standard employed in preparing our pupils for their future. The open corridors and wide spaces create an alluring atmosphere for learning.

Languages – The medium of instruction is English. A second language is compulsory.

Unity in Diversity – The intricately woven quilt with the countless individual threads woven together represents the 55 over nations represented in Fairview.

Mdm Anne George

Parent of Ashley Kochummen

(MYP 10, Academic Year 2010/2011) – Australian, 15 years old

 “… One term into the programme, we certainly have no regrets as our daughter has built her self-confidence through taking up a leadership position in the Student Council (where the children take a very active role in deciding key matters governing the school). IB also puts to practice what they would normally just learn out of a text book as it has a very hands-on approach to education through project-work, research and evaluation. It is certainly a challenging programme which requires hard work and consistency but encourages children to think out of the box and try out new ideas/approaches and in the long run, I think will lead to well-rounded individuals. The Fairview teachers keep the parents very involved/up-to date on the progress of their children and have been very proactive in keeping their doors open for communication and feedback …”

Facilities

Fairview International School has an intensive range of facilities including:

  • a modern up to date library media centre
  • a mini amphitheatre
  • a multi purpose hall
  • an outdoor learning environment
  • a football pitch / basketball court
  • arts room / science labs / ICT labs

“Nothing is ever achieved without enthusiasm”  – Ralph Waldo Emerson –

Student Activities

Fairview International School provides students with opportunities to nurture and enhance existing skills, discover new areas of interest to cater to the diverse interests of our students. Activities always touch the 3 components of the tripartite community – Students, Parents and the School.

Some of the common events are:

  • Excursions
  • Carnival day
  • IB Parents forum
  • Celebrations of Learning
  • MYP Expeditions
  • IB Student Council
  • Subjects Week
  • Festival Celebrations
  • Community Service Projects
  • Awareness Campaigns

Compulsory Co-curricular activities serve as a platform for teambuilding, respect leadership and encourage a sporting spirit among others. Apart from the popular games of badminton, basketball and soccer, students are exposed to local Malaysian games like ‘Sepak Takraw’. A host of clubs and societies which include the Culinary, Tae Kwon Do, Technology and Language Clubs add variety to the activities. Our recent addition is the Roller Blading, Ballet and Violin Clubs.

Visa Procedures & Malaysian Permit

New Application

Documents required from International Student to be submitted to the school:

  • Student’s original passport (note: passport must be valid for the next 30 months to apply for student visa).
  • A copy of student’s passport detail page which includes current passport expiry date.
  • A copy of student’s current visa.
  • Photocopy of student’s birth certificate (translated to English).
  • Student’s passport size photograph (4 pieces colour photo).
  • Photocopy of father’s passport detail page only.
  • Photocopy of mother’s passport detail page only.
  • Leaving certificates from previous school (for transfer pass only).

Upon receiving all the documents, the school will submit the Student Visa Application to Malaysian Immigration State Department.

Estimated time to process for approval is 4 weeks.

 

Renewal of Student Visa

In most cases, Malaysia Immigration only releases Student Visa Endorsement, which is valid for 1 year.

International students are required to renew the Student Visa Endorsement every year.

The students are advised to renew the student visa one month before the expiry date.

 

Malaysia Permit Application Procedures

As for Malaysian students admitting to Fairview International School, you need to apply for Malaysian Permit from the Ministry of Education, Malaysia.

Documents needed:

  • Application form for Admission for Malaysian student to enter Expatriate School.
  • Photocopy of student’s birth certificate.
  • Student’s passport size photograph (2 pieces colour photo).
  • Photocopy of father’s and mother’s identity card.
  • Leaving certificates from previous school.
  • Supporting letter from parent’s employment.

“Along with success comes a reputation for wisdom.” –Euripides.

Content and pictures courtesy of Fairview International School.

For more information, kindly visit their website – www.fairview.edu.my

 

TwinHomes International are promoters of the Malaysia My 2nd Home (MM2H) Programme. We are licensed MM2H Visa Agency under the purview of Ministry of Tourism Malaysia. TwinHomes International have been providing support and information to foreigners intending to make Malaysia the ideal second country to live in. We pride ourselves as the most comprehensive one stop centre for all our clients’ migration needs, simply by creating synergies with the widest business network in and around the country.

Settle down to the most sustainable lifestyle in a second country and benefit from the best of both worlds!mm2h@twin-homes.com

World-renowned Langkawi beckons with sun-kissed beaches, clear blue skies and the marvels of nature.

Langkawi is the largest of a multitude of islands that lie off the coast of Kedah state, in the far northwest of Peninsular Malaysia. The island comprises a jeweled setting of 99 islands. Langkawi is a versatile holiday destination with world-class infrastructure and facilities – a modern international airport, excellent roads, state of the art marinas, budget hotels to award-winning luxurious resorts, superb golf courses and a host of recreational activities.

Visitors arriving by sea will disembark at the jetty in the main town of Kuah. Located southeast of the island, the town houses many hotels and shopping centres. A large prominent statue of an eagle, situated at the popular Eagle Square is visible from afar when approaching the island. According to local folklore, Langkawi derived its name from the eagle or helang.

Langkawi’s idyllic beaches are perfect settings for a fun-filled vacation. Tanjung Rhu Beach, 22 km north of Kuah, is fringed by casuarinas from which the beach gets its name. A perfect place for picnic, this wide sandy beach offers unmatched pristine tranquility. The sunset here at dusk, in a blaze of orange and red is truly a spectacular sight.

 

On the western coastline of Langkawi, lie the beaches of Datai, Kok, Burau Bay and Tengah. Enjoy a round of golf at the 18-hole course at Datai Bay and tee off against Langkawi’s scenic backdrop. Those who wish to spend their day at Burau Bay can enjoy horseback riding while visitors to Tengah Beach can hire a boat and go island hopping. Kok Beach is the location of Telaga Harbour Park, a marina-cum-resort with ample facilities.

Cenang Beach is only 3 km from the Langkawi International Airport and is the most developed of the beach areas housing several luxury class hotels and dozens of budget chalets and restaurants. There are plenty of water sports available on this popular beach providing fun and excitement for all.

First-class accommodation in modern hotels or comfortable chalets is available around the island. Restaurant outlets in the hotels and outdoors serve a variety of local and international fare with live music and an energetic ambience.

Go snorkeling and diving in the Payar Island Marine Park, 19 nautical miles south of Langkawi. Segantang Island, Kaca Island and Lembu Island are other islands that make up the Marine Park. For those shy of the sea, hop into a glass-bottomed boat and watch the underwater world unfurl below. Speedboats or catamarans shuttle visitors from Langkawi to the Marine Park within an hour.

Langkawi offers a back-to-nature experience for all. From waterfalls to mysterious caves, visitors will discover that Langkawi is more than a beach lovers’ paradise.

There are a host of themed attractions in Langkawi providing excitement for young and old travelers alike. Come and discover the variety of aquatic life at the Underwater World Langkawi. This largest public aquarium in the country features stingrays, sharks, moray eels and green turtles together with exotic fishes and sea plants.

There are also interesting handicraft centres and souvenir shop located around the island offering items such as batik outfits and silverware. Cultural performances and batik workshops can be enjoyed at these centres.

Those who wish to be pampered with a relaxing massage amidst the lush backdrop of the rainforest, can head to the numerous spas on the island.

With an attractive range of duty-free goods to choose from in Langkawi, shopping here is a real treat. From pewter and perfumes to liquor and leather, the attractive prices make shopping irresistible!

Getting There :

By Road

Visitors traveling by road will have to drive to Kuala Kedah or Kuala Perlis, the main jumping-off points by ferry to Langkawi. Regular, air-conditioned buses are also available from Kuala Lumpur to Kuala Kedah and Kuala Perlis. The journey to Kuala Kedah takes about six hours while Kuala Perlis is another hour away.

By Air

Malaysia Airlines provides direct air services from the Kuala Lumpur International Airport (KLIA) to Langkawi. Alternatively, visitors can take the budget carrier AirAsia or Firefly. AirAsia operates from the Low Cost Carrier Terminal (LCCT) in Sepang while Firefly operates from the Sultan Abdul Aziz Shah Airport in Subang.

By Rail

Keretapi Tanah Melayu (KTM) or Malayan Railway provides economical and comfortable rail services from Kuala Lumpur to Alor Setar in Kedah and Arau in Perlis. From these points, take a taxi or bus to Kuala Kedah and Kuala Perlis for your ferry to Langkawi.

By Sea

Express ferries provide regular services daily to Langkawi from both Kuala Kedah and Kuala Perlis. The journey takes about 1 hour 15 minutes and 45 minutes respectively. From Penang to Langkawi the ferry takes 2 hours 30 minutes. The island is also a stopover for Star Cruises, one of the largest luxury cruise lines in the world.

Source : Tourism Malaysia, Ministry of Tourism

For more information and tour packages, kindly contact our affiliate below :

Summerland Tours & Travel Sdn. Bhd. (Leading Inbound Travel Agency in Malaysia – Since 1976)

No.1-2A, 1-2B, 1-3A, Jalan Pandan 2/2, Pandan Jaya, 55100 Kuala Lumpur, Malaysia.

Tel : (603) 9283-1270 or 1271 or 1272          Fax : (603) 9283-1023 or  (603) 9284-2699

Email : shandylim@summerland.com.my (Director – International Marketing)

 

TwinHomes International are promoters of the Malaysia My 2nd Home (MM2H) Programme. We are licensed MM2H Visa Agency under the purview of Ministry of Tourism Malaysia. TwinHomes International have been providing support and information to foreigners intending to make Malaysia the ideal second country to live in. We pride ourselves as the most comprehensive one stop centre for all our clients’ migration needs, simply by creating synergies with the widest business network in and around the country.

Settle down to the most sustainable lifestyle in a second country and benefit from the best of both worlds!mm2h@twin-homes.com