LBS Fabulous 20-21 Makes A Return with Even More Enticing Lucky Draw Prizes To Be Won
2 April 2022
BM
ENG
CN
BM
Untuk Siaran Segera
LBS FABULOUS 20-21 KEMBALI DENGAN HADIAH CABUTAN BERTUAH YANG MENARIK UNTUK DIMENANGI
Petaling Jaya, 2 April 2022 – LBS Bina Group Berhad (LBS), syarikat pemaju hartanah terkemuka Malaysia telah mengadakan cabutan bertuah pusingan ke-2 bagi kempen LBS Fabulous 20-21 dengan hadiah bernilai sehingga RM731,000.
Pusingan Kedua cabutan bertuah ‘LBS Fabulous 20-21’ telah disiarkan secara langsung melalui Facebook LBS pada 28 Mac 2022 baru-baru ini. Cabutan bertuah ini terbuka kepada pembeli rumah yang membeli dari senarai hartanah terpilih LBS dengan harga melebihi RM250,000 mulai dari 1 Januari 2020 hingga 31 Disember 2021. Antara projek yang mengambil bahagian termasuk KITA @ Cybersouth, LBS Alam Perdana dan Prestige Residence yang baru dilancarkan. Pembeli rumah yang layak berpeluang memenangi rangkaian kereta Proton, seperti Proton X70 1.8L Executive 2WD, Proton Exora CVT Executive, 3-unit Proton Persona 1.6 CVT Standard dan 3-unit Proton Iriz CVT. Bagi penggemar aktiviti lasak, 6-unit basikal Decathlon Rockrider ST30 juga menanti para pemenang serta hadiah menarik lain yang ditawarkan termasuk 15-unit Dell Vostro Notebook, 20-unit Samsung Galaxy Tab dan pelbagai peralatan rumah. Bagi kedua-dua cabutan itu, LBS telah memberikan ganjaran hadiah bernilai lebih daripada RM1.16 juta secara keseluruhan kepada 1,200 orang pembeli rumah yang bertuah.
“‘Saya harap dengan cabutan bertuah ini, ia akan memberi pengalaman istimewa kepada pembeli rumah kami. Selain daripada hadiah menarik, LBS akan terus membawakan produk yang bernilai tinggi di samping menyediakan kualiti hidup sempurna kepada semua pembeli untuk tahun-tahun akan datang. Dengan pembukaan semula sempadan antarabangsa Malaysia, LBS mempunyai perancangan besar untuk negara dan rakyat.” ujar Tan Sri Lim Hock San, Pengerusi Eksekutif LBS.
Hadiah cabutan bertuah telah diundi oleh Tan Sri Lim Hock San, diiringi oleh Datuk Wira Joey Lim Hock Guan, selaku Pengarah Urusan Kumpulan & Ketua Pegawai Eksekutif LBS, Dato’ Sri Daniel Lim Hock Sing dan Dato’ Cynthia Lim Mooi Pang, Pengarah Eksekutif. Undian cabutan bertuah ini turut disertai oleh Pengarah Bukan Eksekutif Bebas, Dato’ Lim Han Boon dan Dato’ Yong Lei Choo. Rakan penasihat undang-undang, Steven Tai, Wong & Partners telah dilantik sebagai saksi untuk mengawal selia proses cabutan di sepanjang acara bagi memastikan ianya diadili secara saksama.
Majlis penyampaian hadiah kepada pemenang bertuah telah berlangsung di galeri jualan KITA @ Cybersouth.
Layari www.lbs.com.my atau hubungi 1700 81 8998 untuk maklumat lanjut mengenai produk terkini serta kempen jualan LBS.
-Tamat-
ENG
For Immediate Release
LBS FABULOUS 20-21 MAKES A RETURN WITH EVEN MORE ENTICING LUCKY DRAW PRIZES TO BE WON
Petaling Jaya, 2 April 2022 – LBS Bina Group Berhad (LBS), Malaysia’s prominent developer has launched the 2nd lucky draw for the LBS Fabulous 20-21 campaign with up to RM731,000 worth of amazing prizes.
Round Two of the LBS Fabulous 20-21 lucky draw went live via LBS’ Facebook on 28th March 2022. The lucky draw was open to LBS homebuyers who purchased LBS’ list of participating properties above RM250,000 from 1st January 2020 till 31st December 2021. Among the participating projects are the KITA @ Cybersouth township, LBS Alam Perdana and the newly launched Prestige Residence. Eligible homebuyers stood a chance to win a fleet of Proton cars, namely the Proton X70 1.8L Executive 2WD, Proton Exora CVT Executive, 3 units of Proton Persona 1.6 CVT Standard and 3 units of Proton Iriz CVT. For activity enthusiasts, 6 units of Decathlon Rockrider ST30 bicycle also enlisted as well as other attractive prizes offered include 15 units of Dell Vostro Notebook, 20 units of Samsung Galaxy Tab and a variety of home appliances. With cumulation of both the draws, LBS managed to give away prizes worth more than RM1.16 million in total to 1,200 homebuyers.
“‘I hope with this lucky draw, it will bring about special home-purchasing experiences to our homebuyers. Aside from enticing prizes, moving forward, LBS will continue to bring products of great value that will provide exceptional quality of life to all for years to come. With Malaysia reopening its international borders, LBS has huge plans lined up ahead for the nation and the people.” said Tan Sri Lim Hock San, Executive Chairman of LBS.
The lucky draw prizes were drawn by Tan Sri Lim Hock San, accompanied by Datuk Wira Joey Lim Hock Guan, Group Managing Director & Chief Executive Officer, Dato’ Sri Daniel Lim Hock Sing, and Dato’ Cynthia Lim Mooi Pang, Executive Directors and Independent Non-Executive Directors, Dato’ Lim Han Boon and Dato’ Yong Lei Choo. Similarly, legal partner, Steven Tai, Wong & Partners were appointed to witness and regulate the event to ensure a fair and just conduct throughout the course of the lucky draw.
The prize-giving ceremony for the lucky winners took place at KITA @ Cybersouth sales gallery.
Kindly visit www.lbs.com.my or call 1700 81 8998 for inquiries on our latest products and campaigns.
-End-
CN
即时发布
LBS FABULOUS 20-21 活动重磅回归
林木生集团加码诱人奖品
（八打灵再也 2日讯）马来西亚著名发展商林木生集团（LBS）推展 LBS Fabulous 20-21 活动的第二轮幸运抽奖，送出总值高达73万1000令吉诱人奖品给幸运房屋买家。
Fabulous 20-21次轮幸运抽奖于 2022年 3月 28 日，通过林木生集团面子书展开线上直播。凡从2020年1月1日至2021年12月31日期间，购买林木生集团旗下特定售价25万令吉以上物业（如KITA @ Cybersouth与LBS Alam Perdana城镇，以及Prestige Residence）的房屋买家，即有资格参与此幸运抽奖。符合资格参与幸运抽奖的房屋买家，有机会赢取宝腾（Proton）轿车，如Proton X70 1.8L Executive 2WD、Proton Exora CVT Executive、高达3 辆 Proton Persona 1.6 CVT Standard以及3 辆Proton Iriz CVT。
同时，共有6 台Decathlon Rockrider ST30脚踏车，待热爱户外活动的买家赢得。其他具吸引力的奖品包括，15台Dell Vostro笔电、20部Samsung Galaxy Tab、以及各式各样家用电器。
合计两场幸运抽奖活动，共有1200位幸运买家，赢取总值超过116万令吉奖品。
林木生集团执行主席丹斯里林福山表示：“我希望通过这次幸运抽奖，为买家带来特别的购屋体验。除了诱人奖品，接下来我们将继续提供极具价值的产品，借此让买家享受卓越的生活质量。随着我国重新开放其国际边界，集团已为国家和人民制定多项计划。”
林福山、林木生集团董事经理兼总执行长拿督威拉林福源、执行董事拿督斯里林福成和拿督林梅香、独立非执行董事拿督林汉文和拿督杨丽珠同抽出幸运儿。为确保抽奖过程公正，仪式再由律师事务所 Steven Tai, Wong & Partners 见证。
~完~
Vox Pop : Apa lelaki LBS benci tentang wanita? (Hari Wanita Sedunia 2022)
In conjunction with International Women’s Day 2022, LBS Voxpop team have been going around our HQ office and start asking our male staffs, what is their thoughts regarding women’s in their lives. The responses are quite amusing. Enjoy!
Perfection of Transfer and Perfection of Charge: Everything property buyers need to know!
These two documents are essential for the property ownership transfer process. We will take a look at the differences between the Perfection of Transfer and Perfection of Charge, the costs and the processes involved.
Buying your first home can be a cumbersome process that involves numerous steps. In this article, we will talk about two documents home buyers will encounter after signing the Sales and Purchase Agreement (SPA) – the Perfection of Transfer (POT) and Perfection of Charge (POC).
The Perfection of Transfer is necessary for transferring ownership from the developer’s name to your name as the property owner whereas the Perfection of Charge is required to charge the property title to the bank. For a comprehensive view of the related documents involved in the entire house buying process, read this list of legal documents required when buying a house in Malaysia.
1. What Is Perfection of Transfer (POT)?
POT is a process to register a property title under the name of a property purchaser. This document is required in situations where an Individual title or strata title has yet to be issued for that property by the land office. This typically happens with new launch properties or primary units purchased from a property developer.
During construction of a landed housing development or a high-rise building, the entire property project will be under a master title as the developer owns the plot of land. This plot of land will then be divided into their individual building or parcel lots.
This means the entire development will remain under one big plan until divided into an individual share. The developer is required to apply for the strata titles or individual titles on behalf of the purchasers by submitting applications to the land office. Once approved by the land office, each property will have its individual or strata title. This revokes the previous master title and will allow the purchasers to register their names on the title. For a deeper understanding, read on the differences between master title, individual title and strata title.
Why is the Perfection of Transfer important?
If your name is not registered on the title, the land office swill not acknowledge you as the property owner. You will also not be regarded as the registered proprietor as per the National Land Code 1965 and would not be able to exercise all the rights as a registered proprietor.
- Selling your property will be a lengthy process – you will have to request the developer to transfer the property to the new buyer.
- You may have to bear additional costs when executing the Memorandum of Transfer or MOT (when applying for home loans with a bank) as the POT is used as an instrument of charge to banks for loans.
- Without strata titles, owners of strata properties such as apartments, condominiums and serviced residences will not be able to initiate the formation of the management corporation (MC).
2. What is the Perfection of Transfer process like?
Step 1: The buyer pays legal fees, stamp duty and disbursements.
Step 2: The buyer appoints his/her lawyer.
Step 3: The lawyer sends a Letter of Authorisation to the property developer and liaises with the developer on necessary documents such as a copy of the title and the developer’s company documents.
Step 4: The lawyer prepares an MOT (Form 14A) which is signed by both the developer and the buyer.
Step 5: Once completed, the developer will deliver the original title to the lawyer to finalize the process of transferring property ownership to the buyer.
Step 6: The lawyer makes a dispute (adjudicates?) based on the MOT and the buyer then pays stamp duty to the Inland Revenue Board (IRB) according to the purchase price of the property.
Step 7: The lawyer presents and registers the MOT and finalises the transfer of ownership at the land office.
3. How is the cost for Perfection of Transfer calculated?
A Perfection of Transfer quotation will include the following:
- MOT professional lawyer fees
- Stamp duty
- Disbursement fees by the lawyer such as registration fees, consent to transfer, land search, winding up and bankruptcy search, transportation and photocopies
Below are the legal fee rates in Malaysia. Do take note that these are the maximum fees one would normally pay and are subject to discounts.
| PROPERTY PRICE TIER | LEGAL FEE (% of property price) |
|---|---|
| First RM500,000 | 1% |
| Next 500,000 (RM500,001 – RM 1 million) | 0.8% |
| Following RM2,000,000 (RM1,000,001 – RM 3 million) | 0.7% |
| Next RM2,000,000 (RM3,000,001 – RM 5 million) | 0.6% |
| Thereafter (> RM 5 million) | 0.5% |
Here is an example Perfection of Transfer calculation, assuming that the property purchase price is RM650,000:
- Professional Fees from Lawyer
Memorandum of Transfer = RM1,300
2. Disbursements
Stamp Duty on MOT = RM8,000
3. Registration Fees
State Registration Fees on Transfer = RM350
Consent to Transfer = RM150
4. Search Fees
Land Search/ CTC Title/ ROC Search = RM80
Winding up, Bankruptcy Search & ROC = RM20
5. Incidentals
Transportation, courier, etc = RM150
Photocopy, Printing, Faxing, Telecommunications, etc = RM150
Miscellaneous = RM100
GRAND TOTAL = RM10,300
Documents Required for the Perfection of Transfer
- A copy of the purchaser’s identity card
- A copy of the title
- A copy of the SPA
- The latest assessment receipt
- The quit rent receipt
- The assessment receipt
- Other relevant documents
4. How is the POT related to the Memorandum of Transfer (MOT)?
MOT, or Form 14A as it is legally known, is an important piece of document that every home buyer must sign to gain ownership of a property (individual or strata title) from a developer.
An MOT is prepared and signed along with the SPA and housing loan documents. A signing of the MOT confirms an intention to transfer ownership of the property to the purchaser once the individual or strata title has been issued. This document contains details of the developer, purchaser and land title details for the land office.
So, how is MOT related to Perfection of Transfer? POT is a legal document needed before a property title has been issued. This document is used to set up ownership of the development and is issued during the building and construction phase. This is then followed by the MOT which enables a purchaser to have his/her name registered on a land title, which would then allow him/her to transfer the property legally.
Read: Ultimate guide on Memorandum of Transfer (MOT) and Stamp Duty in Malaysia
5. What is the Perfection of Charge (POC)?
The Perfection of Charge (POC) is a complementary process that is performed together with Perfection of Transfer. This process acts as the lending bank’s way to secure the loan taken out by the home buyer. Most buyers will apply for a housing loan to finance their purchase and will slowly “buy” back the property through recurring repayments of that loan over 20 to 30 years.
In return for the housing loan provided by the lending bank, the property title must also include the bank’s name as the chargee of the property. Here is where the POC comes into play – it serves as a charge, or security, to the bank’s loan. Should the buyer fail to make repayments, the bank will have an automatic right to sell the property to recoup the loan’s monthly repayments.
If you’re wondering who’s appointed to do the POC… you guessed it! It’s the bank. The bank is responsible for ensuring the ownership is transferred to the bank as a security measure for the loan. The bank’s lawyer is appointed for the registration of transfer and he will execute a discharge document or Form 16N to discharge the bank’s charge over the title. The homebuyer must forward the original property title to the bank once the title is registered by the Land Office, to enable the bank’s lawyer to proceed accordingly.
In short, Perfection of Transfer is needed to take ownership of a property from a developer whereas Perfection of Charge is required to then transfer that ownership to the lending bank. Previously, this process was completed through the Deed of Assignment (DOA) which is a different legal document that transfers ownership of a property from one party to another. This document is also required for homeowners who are applying for a home loan in Malaysia.
6. What is the Perfection of Charge process like?
Step 1: The lawyer prepares charge documents such as the Charge Annexure and Form 16A.
Step 2: The charge documents are executed by the buyer and signed by the bank.
Step 3: Once completed, the lawyer gets the charge documents stamped by the IRB.
Step 4: The buyer pays stamp duty of the charge documents (RM10 per copy)
Step 5: The lawyer presents the charge documents at the land office and registers the charge documents in favour of the bank.
Step 6: The buyer receives a copy of the title and a copy of Form 16A.
7. How is the cost for Perfection of Charge calculated?
A Perfection of Charge quotation is similar to the Perfection of Transfer except for the stamp duty. Generally, banks are responsible for paying the fees – which are dependent on the offer letter signed between the property purchaser and the bank’s loan agreement. For POC, the stamp duty is only RM40.
Documents Required for the Perfection of Charge
- A copy of the homebuyer/ borrower’s identity card
- A copy of the property title
- A copy of the facilities agreement
- The latest assessment receipt
- The quit rent receipt
8. Other important information about the Perfection of Transfer and Perfection of Charge
- If you had paid the stamp duty during the signing of your SPA, you could ignore this amount when completing a Perfection of Transfer. Homebuyers only need to pay the stamp duty once during a property purchase. Here are the latest stamp duty rates in Malaysia.
- The property’s stamp duty is calculated based on the SPA price (at the time of signing) and not the current market value. If you bought a home in 2018 for RM650,000 and the current value is RM750,000, the stamp duty payable will be based on RM650,000.
- Homebuyers who do not apply for a housing loan to finance their property purchase will not have to execute the POC.
- For the execution of POT and POC, buyers can engage the same lawyer used during the SPA signing (where the SPA has been prepared but the strata title isn’t ready). In this case, the existing lawyer is allowed to charge the buyer only 25% of their full-scale legal fees, as per the Solicitors Remuneration Order 2017.
- For property purchasers who engage a new lawyer specifically for the completion of POT, the Solicitors Remuneration Order states that the maximum charge the lawyer can charge is 50% of the mandatory legal fees.
