Malaysian economy is projected to be growing but on a declining mode by UBS Investment Bank. It’s Senior ASEAN and India economist Edward Teather said that the causes include a slowing domestic and investment growth due to the current fiscal restraint, prudent monetary policy and a maturing credit cycle. For 2014, Malaysia would grow by … Read moreNot such a good news for property market, Malaysia
Who is WealthInsight? They are an international Wealth Research Group. I have no idea too but according to their study published in many newspapers, there were 13,800 millionaires in Malaysia, each with a minimum of US$1 million. (RM3.45 Million). Sorry, their benchmark is US$. Thus, for those who happens to already own RM1 million in … Read moreMalaysia – 13,800 with US$ 1M assets
One of the search keywords to kopiandproperty.com recently happened to be “when will 2014 recession end“. Haha. I assume this is for Malaysia. How can it end if it has not started. Just like the question of when will the property bubble stop. Property bubble will stop only when it bursts, most of the time, … Read moreRecession 2014, ending soon?
Oh no! Bursa Malaysia as well as the Ringgit is falling because of oil prices which has sunk below US$70 per barrel. This was the title of many articles about the current state of Bursa Malaysia as well as Ringgit. The stock market is at its lowest point since mid-October while the Ringgit is now … Read moreOh No! Oil prices falling means Bursa stocks and Ringgit will fall too!
Read any reports recently about some groups of people holding some banners saying that it is unfair that GST will be levied on the maintenance fees for residential units? For example, those high rise ones? There has also been a report on the fact that some high end high rises may be exempted because somehow … Read moreGST on maintenance fees for residential properties
While the government has announced that GST will be effective from 1st April 2015, there has also been lots of other announcements by everyone that this may not happen. Or this may happen but it will push up house prices. Some say GST will cause transactions to go down. Whatever is said is not really … Read moreGST for new properties. Higher than 3%? Try it and see.
Actually, it’s pretty easy to choose these days if I am an American MNC looking for a base in Asia. If I am an American MNC and I wanted a good base for everything, I would choose Malaysia. Why not Indonesia? Yeah, there’s the ‘feel good’ factor of the new Indonesian President together with a … Read more4 reasons why America likes Malaysia as a base in Asia
This article was first published in the Property Hunter Magazine, Nov 2014 Issue. For more articles, please refer to their online portal here. Property Hunter. Budget 2015 tries to address two chief concerns in the property market; affordability and availability. In KL, the average price for property has reached RM700,000 and has shown no signs … Read moreAffordability, Availability, GST and More Money (new income tax rate)
Remember at the beginning of this year, everyone was speculating on when would Bank Negara Malaysia (BNM) increase its Overnight Policy Rate (OPR)? It seemed so important but the latest one was no longer so important. Perhaps because no one is expecting any further adjustments until Q3 of 2015? In fact, one reason why the … Read moreOvernight Policy Rate on 6th Nov meeting? Non-Issue.
10 percent of property buyers are the ‘owners’ of 40% of the property purchases in 2011. This has risen from 35% in 1997. This was revealed by a paper entitled “Is equality in Malaysia really going down?” This is a joint paper by the University of Malaya (UM) and Khazanah Research Institute. In laymen term, … Read more10% buyers owns 40% of property purchases. Aiming to be that 10%?