This article was written 3 years ago when it was revealed that 1 million civil servants have yet to own a home of their own. 1 million civil servants without a home I would not find latest numbers but hopefully the numbers have gone down. Both my parents are civil servants and they told me … Read moreNo separate affordable housing for civil servants
Control selling price? I do not believe there is a need to control the selling price of properties, even for new launches UNLESS the property market got too hot. Example? 2008 – 2012 periods when new launches kept getting lots of buyers, never mind whether they need it or could afford it or not. The … Read moreThe ‘control’ on home prices? It’s not just the starting price, actually.
When home prices rise too quickly? When home prices are rising VERY fast, what could central banks do? Well, they could issue ‘responsible lending’ guidelines to all commercial banks. Then, the lending will be more conservative and only to people who could almost all the time, pay their loans. They could also raise the interest … Read moreWhen home prices drop, interest rates will drop too?
As a licensed auctioneer, before any auction could be conducted, we need the Valuation Report (VR). A similar unit in the same development does not mean it will have the same valuation as the unit auctioned the month before. In fact most potential buyers will ask for bank valuations before they buy a unit because … Read moreProperty valuation: Comparison vs cost and depreciation method?
If buyer is not able to buy a unit, it’s still a great option to consider Rent-to-Own (RTO) units instead of just renting and paying for nothing. I am serious with this suggestion yeah. Perhaps the only issue would be the availability of these units because most of the time, the developer will be the … Read moreRent to Own scheme to be financed by foreign investors
I still remember asking my good friend who’s my also my lawyer (based in Penang) for one particular property purchase on some terms in the Sale and Purchase agreement many years ago. She explained them to me slowly and was very patient too. If you need her email contact, click here. If you need her … Read moreGood news for property buyers from Bank Negara Malaysia
Remember the brouhaha about the property crowdfunding announcement many months back? Well, there are more progress to it but before we get too lost trying to understand the regulatory terms etc, here’s an easy to understand summary and commentary by a prominent lawyer and real estate personality, Chris Tan. He’s also a TV host for … Read moreProperty Crowdfunding Framework in Malaysia – summary and commentary by Chris Tan
kopiandproperty.com learnt a lot about IBS within one day from the IBS Conference by MIEA Institute. My personal idea (and most people’s) about IBS also known as Industrialised Building System would be these few things; it will help us ween off the need for too many foreign construction workers, it will save lots of time … Read moreIBS’s significance to the industry and the challenges to stakeholders
There’s a proverb in Malay called ‘durian runtuh.’ Briefly, it meant unexpected big profits. In one English word, it’s ‘windfall’. In the world of tax, there’s this tax called windfall tax. This is the explanation by Investopedia: Windfall tax is a tax levied by governments against certain industries when economic conditions allow those industries to … Read moreLending standards and windfall tax
A good friend said that when there are too many units of affordable homes, the prices will not be rising. Well, as long as the overall demand continues to increase due to urbanisation of the population, the following scenario will happen. It has happened in all advanced nations of the world today and will definitely … Read moreFurther, Smaller, Future. Same price?