.: Project Updates For 2016 :.

On-going Projects/KIV Projects (til the end of the year)
Project Wominjeka
Project Greenfield II
Project Joey
Project Houzz
Project Turf II

Completed Projects
Project Greenfield
Project Turf
Project Wallaby
Project Spring
Project Masterpiece
Project Umbrella
Project Scribe
Project Casa II
Project Casa III
Project Casa IV (Final)
Project Casa
Project Castle II
Project Castle
Project Downhill

Abandoned Projects
Project Moo Moo
Project Narnia
Project Island
Project Prince

.: Project Status Updated :.

The last time I updated this list was a year and the half ago, so here's to a more recent one

On-going Projects/KIV Projects

• Project Casa III
• Project Castle II

Completed Projects

• Project Greenfield
• Project Turf
• Project Wallaby
• Project Spring
• Project Masterpiece
• Project Umbrella
• Project Scribe
• Project Casa II
• Project Casa
• Project Castle II
• Project Castle
• Project Downhill

Abandoned Projects

• Project Moo Moo
• Project Narnia
• Project Island
• Project Prince

.: List Of Projects :.

A list of on-going & completed projects throughout our married life.
So proud of myself ourselves.

On-going Projects/KIV Projects

• Project Moo-Moo
• Project Wallaby
• Project Narnia
• Project Greenfield
• Project Turf

Completed Projects

• Project Spring
• Project Masterpiece
• Project Umbrella
• Project Scribe
• Project Casa II
• Project Casa
• Project Castle II
• Project Castle
• Project Downhill

Abandoned Projects

• Project Island
• Project Prince

.: Project Casa : Downpayment :.

So we have placed in the 2% earnest money today. The clock starts ticking this Monday for us to get the S&P signed in fourteen days time. So, with the high-adrenaline bit of Project Casa completed, we are left with just the paperworks & nitty-gritty details to conclude this project. This is our second investment property in our portfolio and we hope that this portfolio will continue to grow in time to come (under a different project name of course!)

Meantime, we will be launching Project Umbrella & Project Scribe alongside with the dormant Project Moo Moo.

Hopefully these two projects will be concluded as soon as possible! As for Project Moo Moo, it's the husband's forte, so I will just let him handle in for the time being.

.: Project Casa : Wait-And-See :.

And so our investment property hunting have been renamed to Project Casa. Well JC being JC-the-investment-banker, everything we do have to have a project name. So if you would recall, our house renovation was Project Castle, our wedding was Project Downhill, our Australian migration was Project Wallaby and so on and so forth.

We have identified a few locations, but still choose to be cautious given the fact that many seasoned property investors have taken the wait-and-see-approach as prices of properties are a lil bit on the high side. Also given the worldwide and local economy, it is in the view of many that the property bubble will burst approaching next year.

Meanwhile, we just have to load our mini war-chest and keep our eyes open for more opportunities.

.: Project Status Update :.

So, here's a quick update of all the on-going projects

1) Project Casa - We've just gotten the draft S&P from our lawyers and will have a look at it, and if all's well and agreeable by both parties, we will be signing it end of next week, or early the week after. Meanwhile, for the financing bit, we have narrowed down to two banks who will be competing in terms of interest rates.

2) Project Scribe - Which is basically keeping all our documentations in place for all previous projects as well as on going projects (I just HATE filing, don't ya?) I would say that it's 50% completed. JC choose this project name because scribe is a person who keeps tracks of records back in those ancient Egypt days. As you can see,  I would not have made a very good scribe. So, yeah, half done, half more to go!

3) Project Umbrella - Project Umbrella is basically re-evalutate and replanning of our insurance policy, given the new debt we have recently undertake for the purchase of our residential property plus our investment property (hence we will be looking into MLTA) as well as topping up our life insurance coverage. For the time being, we have not talked to any insurance agent just yet, but we plan to get this done with as soon as possible.

4) Project Moo-Moo - Although with the recent economical situation, the fall in the KLSE index has not been that great a dip that the equity prices are dirt cheap and attractive. So, while JC will still be keeping on a look-out for any bargains, this project will be left on review mode for the time being. Why project Moo-Moo? Bull & bear? Geddit? :)

But no matter what project we are to undertake, we will give all thanks and glory to God for His wisdom and guidance in helping us make decisions along the way. Afterall, we may plan the course, but is it God Himself that determines our steps.

.: Little Milestones :.

Sometimes, it is only good for one's soul to take a breather and celebrate little milestones achieved. I feel that on my part, I often neglect to acknowledge and give a proverbial pat on my back and say "job well done" when a task is completed or a goal is achieved

Yesterday, the husband and I "celebrated" the achievement of this little milestone, one where we concluded the financial obligations of Project Castle, hence grouping it with Project Casa.

We still have No-Name Project, which is dear to my heart, because that's the first property we purchased 6 years back. And then there's of course Project Turf & Project Greenfield, but which one of it is under DIBS, so it doesnt warrant any obligations til 2 years down the road.

Our new goal set, if Project Wallaby kicks in, is to get one abroad.

But if Project Wallaby doesn't work out for us, then we will also grab another one (or two) here in the near future.

So for now, its two down and three to go.

.: Project Casa : Negotiation Stage :.

Project Casa

I, like most women, love a good bargain.

JC, like most men, couldn’t care less.

When we go shopping, especially to places where prices are not fixed, it really frustrates me that JC is willing to pay the first price quoted by the vendor. I, on the other hand, would get the satisfaction of even a RM1 discount. Ok, fine. The RM1 discount may be grossly exaggerated. But what I meant is that I wouldn’t want to pay a price that is higher than what I can get elsewhere.

So when it comes to negotiation of price, it’s usually my forte. And tho I have had some informal training from, in my opinion, the most brutal bargain hunter aka my Mom, I believe that I am nowhere near her skills, but still well within the range of a good bargain hunter.

Anyways, after a few investment props hunting escapade, we manage to secure one that is of a bargain price at a, what we believe, upcoming area. The price of this condo units have already shot up late last year, almost double it’s value from the developer’s price. Believe this price hike is driven by the proposed LRT. Amazing how accessibility to public transport (no matter how much we complain of our Malaysian’s public transportation system) can uplift the value of one’s property.

When we checked out this place, we immediately liked it and decided to place an offer to the agent the next day. After praying about it (most critical step in any decision one make), we quoted a price we believe is fair (after whipping up our NPVs & ROIs & CFSs and what not). The agent became our mediator in this battlefield, where the owner tries to yield as much as they can get and the buyer to squeeze down as much as they can afford. In the end, it was a short battle. And both party sealed the deal at a pretty much what I would call a good bargain price. JC was quite surprise that we manage to lock in at this price, coz he was, at his end, more than willing to pay slightly more. I on the other hand was more firmed with the initial price that we offered.

Now I pray that the S&P and loan securing process will be as smooth as this negotiation process.

Oh ya, and I am off to shop for a new diamond ring from the money that I will get from JC on the ‘savings’ I worked for from this negotiation (told ya I can nego, JC!) :)

.: Project Prince :.

The husband & I have been busy of late with our little “pet project” named Project Prince.

On one hand, I am quite concern given that we haven’t even concluded Project Casa yet, but on the other hand, I do not wanna miss out a good opportunity should it present itself.

So here’s to Project Prince.

Oh, and many thanks to Benedict for assisting us in Project Prince too.

.: Projects For Our Home :.

I am proud to announce that we have finally completed Project Scribe *pats myself on back* I know that it should be an on-going project, but there have been piles and piles of things that needed to be sorted out and filed and let’s just say that Ms. Procrastinator got the better of me. I dragged my bum, and my husband’s as well, and spend a good whole evening running thru documents after documents, papers after papers, files after files and try to reduce the pile of rubbish we have horded home.

We finally completed most of the filling (except for the current Income Tax stuff which is dumped into one box at the corner of our blue room), and can you imagine the pile of rubbish we wanted to throw? It’s about two A4 sized boxes full of papers and another box full of whatever rubbish! Madness! And this is only one year of accumulation! I vow to launch Project Scribe at least once a year, if not more often.

Speaking of which, the 90 days of Project Casa has started ticking. So, in 90 days, if all goes well, we will be the legal owner of our new IP. Hooray!

Anyways, because I’m feeling artsy & crafty of late, I have been going thru Pinterest for ideas and inspirations on our home décor!

I have tried to distress and age an old photo frame and was I excited with the results. As for today’s mission, I would like to get some idea on what I can frame up (aside from pictures of course). And here’s my top 5 picks!

NUMBER 1 : FRAMED POSTERS
Frame up your motivational posters, or cute ones or even the funny ones. Here are a couple of my favourites

Source: i835.photobucket.com via Kathlynn on Pinterest

Source: etsy.com via Kathlynn on Pinterest

Source: eighteen25.blogspot.com via Kathlynn on Pinterest

NUMBER 2 : FRAMED KEYS

There's just something about framed vintage keys that I absolutely love! Here are a few from my ideaboard!

Source: lapetitevieblog.blogspot.com via Kathlynn on Pinterest

Source: extrafrostingplease.blogspot.com via Kathlynn on Pinterest

NUMBER 3 : FRAMED UTENSILS

I was absolutely mesmerised with what one can do with an ol' frame, some ol' utensils from the kitchen and a bit of spray paint. Absolutely gorgeous to be hung in the kitchen wouldn't you say?

Source: homesweetbutterfly.blogspot.com via Kathlynn on Pinterest

Source: jeanetics.net via Kathlynn on Pinterest

Source: kismetandcompany.files.wordpress.com via Kathlynn on Pinterest

NUMBER 4 : FRAMED DATES
Now here is a brilliant idea for the husband so that he will NEVER forget important dates like birthday, anniversary, etc. Lovely to be hung in the family room or a child's nursery!

Source: etsy.com via Kathlynn on Pinterest

Source: thegoodstuffguide.com via Kathlynn on Pinterest

NUMBER 5 : FRAMED NATURE

There is nothing more wonderful than then beautiful creation of God, so why not just frame it. From leaves, to twigs, to shells from a recent beach holiday, this would look lovely in the living room or reading room. Here's a few to share

Source: twurl.nl via Kathlynn on Pinterest

Source: bhg.com via Kathlynn on Pinterest

Source: craftberrybush.blogspot.com via Kathlynn on Pinterest

Feeling inspired already?

.: The Prelude Of My Adventures :.

So, what DID I do, now that I am a housewife? I went on a short impromptu trip to Phuket, I shopped (Malaysia Megasales *woots*), I spend quality time with my mother and my grandma, I went up on stage again in spite of my stage fright, I completed Project Masterpiece (finally!), I helped out the husband with Project Casa : Phase 2, I helped kickstart a project (secret at this stage) with some ICAEW students, and of course, what is a housewife if she doesn’t do a little bit of cooking & housework isn’t it? :)

Will detail my adventures in the next few post! :)

.: Project Casa : Financing :.

So the husband has been shopping around for the best mortgage rates by the various banks in town while daddy has graciously helped us to engage a lawyer to draft the Sale & Purchase (S&P).

The most important thing is to get the S&P done in two weeks time, if not, the 2% earnest money will be forfeited.

As far as the housing loan shopping goes, we currently have HSBC & Maybank (surprisingly) offering a competitive rate. We have eliminated OCBC as their valuation of the property is slightly lower than the former two. We are still shopping til we make our final decision.

So hence, the next few weeks will pretty busy for me. Sigh. When will this rush ever ends?

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