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
This is a very interesting topic. In fact, most recently two friends were debating about the condos that they were buying. A said, ‘It’s not worth paying so much for a HIGH DENSITY condo and the developer brand premium. Mine is almost same price but it is low density and I do not need to … Read moreMy condo is LOW DENSITY – are you sure?
I have no intention to sell Kelana Puteri. Not yet anyway. However, if you would like a HIGH DENSITY condo with the following five reasons, you may want to think about buying a unit, either for own stay or for investment. Price Affordability. At just RM400,000 – RM450,000, depending on whether it is renovated or … Read more5 Reasons why I like Kelana Puteri, today.
We have heard way too many news about foreigners buying so much of Iskandar that the locals are losing out. Is this true? Actually, this is TRUE, at least for some periods of time. In a report by IRDA (Iskandar Regional Development Authority), in 2007, the foreign investment ratio was 45:55. In other words, foreigners … Read moreProperty Investment and the decisions we can make or delay
If you ask ten different friends on what are some of the criterias of a good home, you would get at least 5 different answers. Is this bad or good? Actually, this may not be bad. Imagine if you ask ten and everyone gave you the same set of criterias. I think you must be … Read moreBuying a Property, away from Analysis Paralysis