Until today, I do not believe there is such thing as a totally free demand and supply based pricing. This is despite the fact that prices are now more transparent than ever and news travel much faster, perhaps even in the blink of a mouse click. The more common reasons would be the distortions caused … Read moreWhy property prices would fall, my view
Recently, within one weekend, YTL sold 80% of its Midfields 2. I remembered my colleague on my right asked, ‘worth buying or not? Starting from Rm450 psf’.’ I said, huh? RM450 psf? I think you better queue there one week before. She said, but the location is not the best. I said, ‘don’t regret’ and … Read moreRecipe for success: Below RM500psf, reputable developer, informative website.
A senior manager colleague shared with me that over 10 years ago, he bought a shoplot. In his mind, he was thinking BIG. Despite just starting, he aimed at commercial property due to the potential huge profit. Alas, nothing happened after it was completed. He thought it was the worst investment he has ever made … Read moreBuying properties? Think big, start small, my view
My personal opinion why if given a choice, I would buy from established developer? There are also so many other developers, whether they built the biggest, tallest, most spectacular or even cut corners all the time. Let’s focus on just the established ones today. Most of the time, for primary properties my first question to … Read moreWhy scratch your own face? Case of established developers.
On and off, we hear the grumbles from some of our friends that the property prices are expensive. Then, when I pointed out that it is not true and that they can still buy apartments for less than RM200,000. Their answer was, they wanted a condo instead. Then, when I pointed out that for a … Read moreAre buyers really desperate?
A friend asked me just yesterday if she should consider buying a new condo project in Penang. It is 700 plus sf and comes with one car park. I said, ‘Huh? Only one car park?’ It was priced at RM650psf. I told her, I do not like any condo project which still gives just one … Read moreSlowing down property market, cutting corner developers, what a combination.
From Penang, I got to know that one developer who launched its condo project without free car park is now giving one (1) car park. However, my expectation for ANY new condo project is two (2) car parks. Thus far, this has been true for all new launches from established developers as well as newer … Read morePenang Property market slowed down – Updated
Have you ever bought a new iPhone from a stall in a departmental store? Have you ever bought a new car from a roadside stall? iPhone is RM2,500 and you expect to buy it from a nice authorised Apple Store. Irregardless of the car brand, you expect a showroom as well as a test drive. … Read moreSelling Condos of RM500,000 or higher with One Desk and Two Plastic chairs
Recently, the Penang Island Municipal Council (MPPP) classified the two 26-storey condominium blocks of One World and One Sky in Bayan Baru as commercial property. This meant that electricity, water and assessment rates for these two condos are under commercial, in other words, higher. The owners are complaining that the rates are way too high and … Read moreFreeze! SOHO in Penang.
Until today, I have never bought any ‘low density’ condo. My friend said, ‘low density’ means anything below 300 units. I do not agree and have even written an article about ‘Low Density, are you sure’. Anyway, does not matter, I shall assume my friend is right in terms of using the number of units … Read moreWhy High Density condo is better for me