In the 6th CEO Forum 2014 in Malaysia organised by the Perdana Leadership Foundation, following was presented which I think is true and more needs to be done continuously. 1) If the income gap continues to grow in the country, it may cause the reforms to stop suddenly. This is demonstrated by the record high levels of … Read moreCEO Forum 2014 – Some good notes to take note of.
MM2H targeting 70,000 Hong Kong retirees. Have you been to Hong Kong? I have personally been to Hong Kong 3 or 4 times. I love it everytime I am there. Lunch becomes cheap if you wait until after 230pm. Hotels are not that great due to the prices but I love Hong Kong food, sights, … Read moreMM2H? Roppongi @ Cyberjaya for Hong Kong retirees.
Recently, Selangor announced a new set of guidelines of property purchases in Selangor by foreigners, PR and foreign companies. Suddenly, there were many reports. Some said this is very bad for the market because these restrictions would cause the foreigners to shun Selangor. Some said, this will help to prevent foreigners from buying up everything … Read moreNew property purchase guidelines in Selangor. Issues?
In Malaysia, today, the federal and the state governments have started to build affordable homes. Many schemes were introduced and many have applied I believe. In Penang, the state government does not allow reselling within 10 years. Johor state government announced that all affordable homes cannot be resold within 5 years. I seriously think the … Read moreReselling of affordable homes allocated? Sigh.
I speak for myself only yeah. Let me explain why ‘risky to buy’. Today, I seriously do believe property prices has risen much faster than the salary growth due to the periods of 2009 till 2012. There were still good condos, in decent areas and a size of 1,200sf for less than RM250,000 in 2008 … Read moreRisky to buy or Risky Not to buy.
Currently, transactions are slow. Very slow in fact. However, according to UEM Sunrise Bhd, an upswing will happen end 2015 or beginning of 2016. According to newly appointed managing director (MD)/chief executive officer (CEO) Anwar Syahrin Abdul Ajib, property sales in the affordable segment has slowed down and the toughest was the loan application part. … Read moreSlow transactions today? Upswing by end 2015 or 2016
Penang International Airport (PIA) to be relocated to a man-made island? This will happen if Real Estate and Housing Developers Association (Rehda) Penang suggestion is taken seriously. According to REHDA Penang’s chairman, Datuk Jerry Chan, this is very important because current PIA is too close to the Penang Free Industrial Zone (FIZ). There are risks … Read moreMan-Made Island for a new Penang International Airport
These days whenever my friends told me that they are buying a landed property, my first question is always, ‘Gated and Guarded?’. And their answer would always be, ‘Yes’. Honestly, should you buy a landed property which is not gated and guarded today? For me, no. Reason? My family would be staying there and the … Read moreSafety, Security, Gated and Guarded
In a news report in a local daily (24 September 2014), according to Real Estate and Housing Developers’ Association (Penang) chairman, Datuk Jerry Chan, 50-70% of home buyers have their loan applications rejected. He also said that while transactions has dropped so far for 2014, it will improve from November onwards. The reason for the … Read more50-70% of loan rejections for property buyers, transactions to improve in November
George Town, Malaysia has been ranked 3rd best place to retire overseas by Live and Invest Overseas in its 2014 Overseas Index. lI have never heard of this index before they rated Georgetown so high. Anyway, as long as they list us high, we should get to know them. The few key reasons stated: (from … Read moreThird best in the world to retire, Georgetown Penang. Why?