A true heart of a Malaysian FMT Reporters December 21, 2016
PETALING JAYA: A man who paid RM44,500 as deposit for a double-storey house at an auction, decided to let the house go after he saw that the family which owned the premises were still staying there, The Star reported.
Lee Hui Sen could not bring himself to take the house from them and decided to forgo the deposit he had paid and hand the house back to the family.
The Star reported that Lee's lawyer had already sent a letter of vacant possession to the owners, a 47-year-old man and his wife aged 42.
The man, it was reported, was declared a bankrupt in 2014 after defaulting on his mortgage.
"I am Lee Hui Sen, the buyer of the auctioned house that you are living in now. I am sorry for buying your house and it may have made you and your family worried. "The other day, my family and I went to your house and saw shirts hanging outside the house. We do not have the heart to evict you.
"We will lose the money, but it will go into the bank account of your house. We hope this can be of some assistance to you," Lee said in a handwritten letter to the owner.
The Star reported that Lee had also given the man several feng shui tips for good luck.
"Remove old plants and flowers at the side of the house to make the house brighter and to welcome positive energy. Good luck to you and your family," Lee wrote.
Since our little exposure with Australian Financial Review(on 12 Oct 2016 - you will need to subscribe to read), a copy (pdf) is available here I have been called and asked for a brief news release without the hype
Here is a copy of my old pptest.zip a barcode ticketing system that has a paypal backend. Its fully functional except it has nagging messages on the ticket. It runs on M$ and requires you to install DLLs. If you want a self-extract installer contact me or you need something more robust, let me know. The last time I updated this is in 2008, I started this in 2001 so it has been a while.
Violater.com used to be a website dedicated to exposing environmental issues around the globe since 1997 but due to disinterest and lack of support, I have decided to use this property auction. I will still include any interest news in general about the environment where with limitation.
Legal Issues.
I am mindful that in Singapore there is the Estate Agents Act (CHAPTER 95A). However, as I do not perform “estate agency work”, subject to subsection (3), means any work done in the course of business for a client or any work done for or in expectation of any fee (whether or not in the course of business) for a client —
(a) being work done in relation to the introduction to the client of a third person who wishes to acquire or dispose of a property, or to the negotiation for the acquisition or disposition of a property by the client; or
(b)being work done, after the introduction to the client of a third person who wishes to acquire or dispose of a property or the negotiation for the acquisition or disposition of a property by the client, in relation to the acquisition or disposition, as the case may be, of the property by the client;
(3) For the avoidance of doubt, it is hereby declared that —
(a) references in this Act to estate agency work are not to be construed as including references to work which relates solely to a survey, to a valuation or to a disposition by way of auction or tender; and
(b)references in this Act to an estate agent without qualification are not to be construed as including references to an auctioneer whose function is solely to conduct an auction.
Further, there is exemption for users (property owners) selling/buying under Section 4(1)(f) and when it is via auction (in Section 3(b). .
Excluded activities and persons
4.—(1) This Act does not apply to anything done —
(a) by an executor, administrator, trustee, liquidator, receiver, trustee or assignee of a bankrupt for the purposes of or in connection with the performance of his functions as such;
(b)by a solicitor, in the course of practising his profession, or by any person employed by him and acting in furtherance of that course, in introducing to the client, third persons who wish to acquire or dispose of a property (whether for remuneration or otherwise), if the solicitor and any person employed by him do not perform any other work that falls within the definition of “estate agency work” in section 3;
(c)by an appraiser within the meaning of the Appraisers Act (Cap. 16) when valuing or appraising property;
(d)by any person in connection with a mortgage or other charge on property, whether done as regards its creation, transfer, assignment or otherwise;
(e)in connection with the publication of advertisements or the dissemination of information by any person who does no other work which falls within the definition of “estate agency work” in section 3;
(f)by any person as the vendor or purchaser, or where there is more than one vendor or purchaser, a vendor or purchaser of a property in connection with —
(i)where the person is the vendor or a vendor of the property, the disposition of the property; or
(ii)where the person is the purchaser or a purchaser of the property, the acquisition of the property;
(g)by any person in connection with a property pursuant to instructions received by him in the course of his employment, in so far as such thing would have been within the scope of paragraph (f) if done by his employer;
(h)by any person in relation to a present, prospective or former employee of his or of any person by whom he also is employed if the thing is done by reason of the employment (whether past, present or future); and
(i)by the Government or by any body that is established or constituted by or under a public Act for a public function when acting on behalf of the Government or exercising a public function.
There will not be any fees for the next 12 months. We install a verification FEE about SGD 5 but this is optional. There are other fees like more than 4 images, features, custom time and so on but not necessary to use. If you like this service do support us.
