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Hong Kong star with 4 properties in Malaysia (tens of millions in HKD)

Everyone knows that property prices in Hong Kong is high. How high is high? A simple search in hongkonghomes.com revealed the following. (refer to image) HKD19 million (RM9.85 million) gets us a small apartment between 372 sq ft to 462sq ft. So, what happens when a Hong Kong TVB star likes to make Malaysia as … Read moreHong Kong star with 4 properties in Malaysia (tens of millions in HKD)

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Mortgage slaves, do we have such a group too?

Please do not believe property prices will always go up unless we are buying and keeping it for a very long time. Within a 10-year cycle, there are times it will drop, times it will be almost stagnant and well times when buying whatever in the market ends up with good profits if we sell … Read moreMortgage slaves, do we have such a group too?

Happiest homeless person. Well, not for me.

I am old-fashioned. I need to own the home I stay in. I do not want to be pushed around by the home owner when he / she wants to take back the property which I am renting in. (If I am renting). Remember, good times for people to rent a property do not last … Read moreHappiest homeless person. Well, not for me.

16% returns per year for 10 years. Looks like a scam except that it is not.

A good friend told me that in future, it’s not just office workspace that will be shared. Even a home of 1,000 sq ft could be shared by three owners with the living room as a common space. I know this is already happening in some countries but I really do wonder how Malaysians will … Read more16% returns per year for 10 years. Looks like a scam except that it is not.

Losing deposit money of RM18.85 million, anyone?

Usually, we will pay deposit when we intend to buy a particular property. This is so that no one else could buy that property and gives time for us to get our loan approved. It may not be 10% of the property price, sometimes just a couple of thousand ringgit. I do not think there … Read moreLosing deposit money of RM18.85 million, anyone?

When the size is just too small? Plus POLICY…

Some time back, someone asked me about small sized homes. My view then and my view today remains the same. Buy within our affordability and buy the largest size possible for our money today. It may not yet be apparent but ‘bigger will always be further’ while ‘nearer means smaller.’ Don’t predict, just look at … Read moreWhen the size is just too small? Plus POLICY…

Cheapest home in most expensive city.

A good friend who earns HK$38,000 (RM20,287) in Hong Kong as a non managerial staff told me that it’s not possible to buy an apartment all by herself. In fact, it’s still not possible even after adding in her husband’s monthly salary. Their downpayment has to come with assistance from parents. Based on the salary, … Read moreCheapest home in most expensive city.

Higher yields also mean higher risks

As much as I like to be positive about the Greater KL property market, we must still be wary of world happenings too. It’s uncommon for companies to use up all their cash reserves for operating expenses. The reason is because cash reserves enable the companies to have opportunities to take up sudden available opportunities, … Read moreHigher yields also mean higher risks

Earning RM2,500 and buying a RM360,000 property? Possible?

These days, the requirements to get a loan seems tougher than ever. Actually, is it because of the loan or is it because of the person? Banks need to lend, else they have no profits and could not even pay the interest on our fixed deposits. Okay, they could invest in many other stuffs but … Read moreEarning RM2,500 and buying a RM360,000 property? Possible?

100 square feet home? Potential solution for just RM60,000.

It’s really pretty ‘impossible’ to buy a proper property in Hong Kong. This is because it is already the most expensive in the world and it seems that the price has no ceiling. This is the case even for someone who’s earning HK$38,000 (RM20,175) per month. My friend told me that even with her salary, … Read more100 square feet home? Potential solution for just RM60,000.

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