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Buying Penang properties near cemetery?

I read an article recently about buying properties next to cemetery. I would think any sane buyer would definitely avoid buying next to the cemetery. However, I have to admit that two of my properties happen to be nearby or opposite cemetery. How did both of the properties fare thus far? Well one has given … Read moreBuying Penang properties near cemetery?

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What are REITs

REITs stand for Real Estate Investment Trust. In short, you buy a share in a company that manages and maximises returns from properties owned by them and sold to you via shares. The first REITs on Bursa was AXIS. It was listed in 2004. Returns to investors are in the form of capital appreciation if the … Read moreWhat are REITs

Georgetown Renewal – Boutique Hotels

We already have Space, People, Connectivity which is in favour of Penang properties. What else? Renewal. After UNESCO Heritage City was awarded to Georgetown, the property prices in the inner city soared. Many dilapidated buildings were bought en-bloc by investors and converted into money generating properties. Many were made into boutique hotels. Some of the … Read moreGeorgetown Renewal – Boutique Hotels

Gloom and doom for property market?

Is it all rosy with Penang properties? I think the long term outlook is positive but according to a lot of my property friends, there has been a slowdown in Penang property market in terms of transactions. Due to all the new measures being introduced, some of the buyers felt that they want to wait … Read moreGloom and doom for property market?

Iskandar Property Digest – Nov / Dec 2013

Medini zone granted tax exemption – The earlier announced of 30% property gains tax announced in October to cool soaring property prices will not apply to Medini.  This is to provide catalyst to get more investments into Medini. Property prices to stabilise – With two new cooling measures; increase the minimum to one million ringgit … Read moreIskandar Property Digest – Nov / Dec 2013

Hartanah di Pulau Pinang sekitar RM250 ribu

Di Pulau Pinang, hartanah mampu milik sentiasa diperdebatkan. Begitu banyak komen tentang apa itu hartanah mampu milik. Sesetengah berpendapat bahawa hartanah mampu milik itu adalah hartanah yang harga silingnya RM400 ribu dan kebawah. Ada pula yang mengatakan harga mampu milik itu sebenarnya RM250 ribu dan kebawah. Ini artikel saya tentang apa itu hartanah mampu milik … Read moreHartanah di Pulau Pinang sekitar RM250 ribu

Penang Property Digest – Nov 2013

What has happened in the Penang property market in November 2013? Here’s a digest of the news reports. 🙂 Shared Ownership Scheme –  Chief Minister Lim Guan Eng launched a scheme to help low-wage earners buy their own home through a Shared Ownership Scheme. For those who qualify, 30 per cent interest-free funding would come from … Read morePenang Property Digest – Nov 2013

Why buy Penang Property – my personal reasons

15 years in Penang. I worked with 3 different organisations based in Penang. My wife and I got married in Penang. My baby was born in Penang. From just Sunshine departmental store until today when Penang has Queensbay, Gurney Mall and Paragon Mall, Penang has continuously changed and if I may add, for the better. Without … Read moreWhy buy Penang Property – my personal reasons

Penang Property market – around RM250K

When it comes to the Pearl of the Orient, Penang, many people have their opinions on affordable property. Some say affordable property is below RM400,000.  Some say, nothing more than RM250,000. Today, let us look at properties available to you if you can only afford a property in Penang of just Rm250,000. For an easier … Read morePenang Property market – around RM250K

3% Levy on Penang Property

Personally, I agree to the additional 3% levy. The additional levy would allow the state government to have additional income and may use the surplus for affordable properties in Penang. It is not an easy task to build affordable properties. Land prices has shot up tremendously for many years and in the word of Dato … Read more3% Levy on Penang Property

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