If Bank Negara does NOT increase the OPR, will this help the property market? Read the following article first. Article in theedgemalaysia.com. In a note
Achieving RM1.3 million in EPF savings may be challenging for Malaysians, but experts suggest it’s possible through disciplined saving and employment strategies. Personal finance advice should include property investment and considering longer retirement ages due to rising living costs. Consistent salary growth is vital for building adequate retirement funds.
CIMB Securities: Sunway-IJM to merge with multiple synergies Do read for the latest news about these two famous developer brands in NST. Article in nst.com.my.
Do take a look at the below and think deeper. Are all these expenditures the ones which we could not avoid, we could not reduce and we could not run away from spending? You have the answer. In fact sometimes, as I walk past a cafe, I tell myself, I still have free coffee at home. Haha. It does NOT work all the time. That’s why I always have some balance inside my ZUS Coffee app these days.
Some (usually the younger ones) say vacations are better than a property. The former gives FEELING of happiness. The latter merely adds debt and worry of not being able to pay on time. Plus the fact that they can show off to their peers when they post those photos in Facebook. For the younger ones, they post it in Instagram. Many would comment and add comments which seem envious. Thus, the vacations must continue or people may start to think that they could no longer afford to go for vacations. Funny but true. We are going vacations to get more likes too, not just the enjoyment we get or the stress relief benefits.
One millionaire grouped with a fresh graduate and the average number represents no one. Median however simply meant the middle value which is typically the place where most people would be. Just that there are still the highest and the lowest side. Do take a look at below chart depicting the wealth person and it shows the fifteen highest in the world.
Based on my income, how much should I allocate for housing?
Which house type has appreciated the most since 2010? Debate of ‘only landed property will increase in price, high-rise units too many.’ Maybe we start
Basic idea behind RPGT is to ensure people do not do the buy and flip which used to be rampant for some time. At the time, everyone thought they are so clever because they can just buy and quickly flip since the market is so hot. Well, many of these smart flippers suddenly have to contend with RPGT. In other words, they can still do flipping but every flip they do now comes with a ‘cost’ in the form of RPGT. So, if they bought a place a year ago and they are now selling for an extra RM50,000 they will not get the full RM50,000 profit anymore. They will get RM50,000 profit minus the corresponding RPGT rate.
Yes, for my first ever property, I used the amount I have in Account 2. It helped because I did not save much and thus, the money comes in handy for the downpayment of 10 percent. It was just a property of RM123,000 but at the time, I have only worked for 5 years. So, the actual amount I have in Account 2 is definitely very small. From the total, 30 percent goes into Account 2 while 70 percent goes into Account 1. That was then, now, it’s 15 percent. We also have an Account 3 which is 10 percent of our the total contribution.
In some countries, to join the top 1 percent group, it could be millions and the millions could be in US$. In Malaysia, we just need RM2.1 million (USD485,000). Haha. Ok, that’s still millions but compare this to US$6.6 million for Switzerland or US$3.5 million for Singapore and suddenly this US$485,000 looks attainable. Well, in Singapore, even owning a fully paid HDB flat with a decent size in a popular neighborhood would already make the owner a millionaire in S$ too. Take a look at some of these transactions. Just note that not all areas are created equal yeah. When it comes to property, the more people want that area, the higher the price goes up.
Juwai IQI: Malaysia property prices to rise 2-4 percent in 2026. If the prediction by Juwai IQI comes true, would you be happy? RM500,000 property