I wrote about buying properties near cemeteries before and I explained that I have made that decision before and have gained from it. How about buying haunted properties? This one, I have not tried before. Searching online, for Malaysia I could not find any of such advertisements in both property guru.com.my or iproperty.com.my. However, such … Read moreBuying HAUNTED properties?
Besides the usual 10% downpayment and the lawyer’s fee, every new buyer must also be aware of all the other additional fees and charges. Stamp duty is how the government taxes you for your property purchase. Typically, stamp duty would be based on the following: 1% for the first RM100,000, 2% for next RM400,000 and … Read moreBuying property – stamp duty and more
When I was driving home from Sitiawan to Ipoh home today, I saw a huge banner for a new development project saying that a 120% loan from the bank can be arranged. I believe banks no longer give more than 90% and it is even based on your net income. In fact for commercial, typically … Read more120% bank loan possible?
Today, in our Expert Series Q & A, we have Mr. Stephen Soon. He is the Chairman of Penang’s Auctioneers Association as well as the Managing Director for MNP Auctioneers. He has always been seen as someone dynamic and has a very formidable team working with him in the real estate industry. Let’s learn from … Read moreExpert Series Q&A – Penang Property Secondary Market – Mr. Stephen Soon
A close friend asked me since I love property, do I invest everything I have into property. I told her, no. It is important to understand the limitations and cons of property. When you need sudden cash, property would not be able to provide you with such a flexibility even if you are willing to … Read moreProperty Investment is not ‘everything’
Besides the 10% downpayment, what else do you need to prepare when you are buying a property? Actually, there’s another component which is quite a lot of money. Yes, it’s the lawyer’s fee. In fact, this can be quite a huge amount depending on the price of the property that you are buying. In fact, … Read moreBuying property – Lawyers fee
An Ipoh friend working in Singapore told me that she may want to buy a condo in Ipoh for her retirement. ‘You are retiring in a few years’ time?’ I asked. She said, nolar, buy now for future, since the price will continue to go up and S$ to RM is very advantageous to me. … Read moreBuying condo and wait 15 years?
One of my old friend said that having a baby means extra expenses. I totally agree. Then he asked me how am I planning for the baby since the education fees are getting more and more expensive especially when the baby is ready for university. While I do think university fees are going to get … Read moreNew Baby? New Property.
My colleague asked me just a few days ago, ‘Should I buy Ipoh property’ today? I was thinking Ipoh might be a good place to retire since KL properties are becoming so expensive. Penang is even higher priced since it is just an island.’ I told her if she really like to retire in Ipoh, … Read moreBuying Ipoh Property for retirement?
During lunch few days ago, my colleague said she got to know that Australia homes does not have good rental yields. I explained briefly why. Typically, rental yield would be low when the property prices increase much faster than the rental rate. Assume you bought a condo few years ago and rented it out. Today, … Read moreRental yields versus Property price appreciation