How do you know if the property fair was poor but the organiser tries to cover up? Well, instead of telling you the overall number of visitors, they would tell you, ‘huge crowds were there’ or ‘many property buyers visited the show’. Instead of telling you the overall transaction which may number over RM50 million … Read moreHow do you know? Let’s get to know.
Recently, Credit Suisse said that developers’ cost of doing business has risen 20% in the first half of 2014. Thus their margins are being compressed and this cost will be passed on to the buyers. It said property sales, especially in the affordable segment has slowed since the start of the year due to cooling … Read morePassing on the cost of building to buyers? I don’t think so.
Today, in our Expert Series Q & A, we have Mr. Stephen Soon. He is Managing Director for MNP Auctioneers. Recently, MNP Auctioneers was appointed by Bank Negara Malaysia (BNM) to conduct an auction which has never been done before in Malaysia. In fact, I think it may be the start of a whole new … Read moreBANKNOTES from BNM. Understand from the expert on investing in one.
In a press conference for Mapex Penang 2014, Real Estate Housing Developers Association (REHDA) Penang asked the government to give first time home buyers more assistance and flexibility. It’s chairman, Datuk Jerry Chan said that Malaysia can look at Australia’s example whereby the buyers pay only interest for the first few years before starting their … Read moreCome on, give first time home buyers a break says REHDA Penang.
I read an article on how banks should keep themselves safe and not cause another financial crisis. It said that because banks lends out way too much of their money compared to their actual ‘capital’/equity’, it will become unstable quite easily should their loans they gave out or the investments they invested depreciated by just … Read morePlaying with ‘Borrowed’ risk. Are you one of them?
I think the people in Langkawi would love to hear that there would be 1,000 new affordable units being built under PR1MA in collaboration with Langkawi Development Authority (LADA). In fact the prices are said to be 20% cheaper than the market rate. Ok, now the question of market rate. Actually, there’s not much benchmark … Read moreLangkawi, Affordable homes and 3G Broadband
In a news report in an English medium newspaper, it was reported that SEVEN new highways would be starting work next year, 2015. These are only for Klang Valley. They are as follows: RM1.18bil Duta-Ulu Kelang Expressway (DUKE) extension, the RM5.04bil West Coast Expressway (WCE) from Banting to Taiping, the RM2.5bil Kinrara-Damansara Expressway (Kidex), the RM1.5bil … Read moreSeven highways starting next year. Thats means, MORE TOLLS in future. 🙂
Sorry, only open for Penangites. To those who qualify and would like an ‘upgrade’, read on. I said ‘affordability upgraded’ because many years ago, when we hear about affordable units, we think of uncut grasses within the compound, lifts which do not work every few weeks, corridors which are dark, small units without a good … Read more‘Affordability Upgraded’: Penang affordable homes for Penangites
I was in Singapore for a few days on a business trip. There was an interesting topic on television. Singaporean teachers without a Degree hope that they will be placed on the same salary scale as those with a Degree. The reason being, they are doing similar job. Today, what happens is that they are … Read moreDegree, Diploma, Masters or None. Qualification matters, yes.
As per reported in newspaper, the average increase in house prices are between 8 to 12.3 percent on average per year. This is as per Valuation and Property Services Department. While it did not state the time period for this average but from what we can see thus far, from the days of the crisis … Read moreAverage increase in house prices are between 8 to 12.3 percent per year