Trinity Group unveils its latest landmark development, Trinity Rainfora, a unique rainforest-inspired transit-oriented development (TOD) in Klang Valley. With a Gross Development Value (GDV) of RM388 million, this 31-storey development is built on a 2.4-acre freehold plot and features 535 residential units ranging from 739 square feet to 1,184 square feet.
Bank Negara Malaysia says it wants to be accommodative to economic growth as one of the reason it maintained the OPR. I think this is a healthy rate. I just hope the Federal Reserve of the US will reduce their rates and continue to do so a few more times until the differential with our OPR is very close. Currently, still some distance away. This news was yesterday:
Are property prices just too high in Australia? I have been to Perth, Melbourne and Sydney. Melbourne is more vibrant than Perth. So, Perth property prices has always been lower than Melbourne. That’s what I learnt when I searched and that’s what everyone has been saying too. Latest report however said that the home prices of both Adelaide and Perth is higher than Melbourne!? As per the stats, it’s true. It meant that if you like to buy a property in Australia, Melbourne is now a cheaper choice than Perth.
Some of us get very worried even if interest rate rises just 50 basis points. For a RM500,000 home, a rise of 50 basis points or 0.5% is equivalent to a difference of an extra RM134.95 per month. This is why we should not over-stretch yeah. Alternatively to make up RM135 per month, we only need to reduce a total of 8-9 times from ordering a latte in Starbucks. Or eat bread for 3 days versus a typical RM45 dinner per time. Realistic right?