It’s hard to shake off the perception that unsold homes means a property bubble is about to burst. It really depends on whether there are still units which are priced under the affordable category. Some friends continue to tell me that they will be rich when the market crashes because they did not buy a … Read moreUnsold homes still growing… (Bad news right?)
A positive sentiment is important for the property market. However, demand comes only when the people have jobs and for people to have jobs, the economy must continue to grow. So, how’s the economy? Every time I tell people that the Malaysian economy’s doing okay (based on articles I read and my personal opinion from … Read moreProperty market will have to depend on economy. How’s the economy?
Foreign funds would always try to invest in markets which are worth investing in. In brief, countries which are rated under the ‘Investment Grade’ by the international rating agencies. This is why when a country is downgraded by an international rating agency, the foreign funds would be withdrawing their investments soon after or even before … Read moreMalaysian economy stays healthy, says Moody’s
Malaysia Finance Minister Lim Guan Eng said that the government does not have any money to give out to the people for the upcoming Budget 2019 which will be presented in Parliament on Nov 2. He was speaking after a briefing on the Sales and Service Tax (SST) to businesses.He said, “The 1MDB scandal had created … Read moreOh dear, Budget 2019 is a ‘belt tightening one’
How’s the Malaysian economy doing? I would say not too bad but then again I am just a normal Malaysian citizen. To me, as long as the unemployment numbers remain low, then everything else would continue to flow, right? Okay, perhaps it’s better to see what international rating agencies are saying about us? This is … Read morePositive news for Malaysian economy, share lah.
Most of my friends tell me that the inflation numbers published by the government is not reflective of what’s happening in the market. That was months ago and even years ago. I reminded them that inflation is not a number plucked out of the air but is based on a basket of goods. Of course … Read moreWhat happens to property market when inflation is always at 1 percent every year?
Everytime I tell people that times are not bad (means people have jobs and money and could still spend), quite a number would tell me that the situation is dire. In fact some are saying that the Malaysian economy is about to collapse. I wonder where they got the idea from but anyway, we have … Read morePeople are simply buying! Not everyone needs new cars, right?
Is the property market still getting the right support from the banks? Well, it’s vice-versa too because the question can also be if the property market is still supporting the banks’ bottomline. A huge percentage of banks’ profits come from property loans. If everyone stops buying, then the profit stops too. 🙂 Personally, I hope the … Read moreMalaysia’s robust macroeconomic conditions supportive to banks
If everyone believes that after GE14, we have a better Malaysia, then I think it’s a great news to the future of Malaysia, especially when we reach the year 2050. I will be 73 by then. Hopefully I am sipping Ipoh white coffee on the beach while watching my grandchildren running around? Langkawi beach perhaps … Read moreYes, 24th by 2050. Yes, above many advanced nations of today.
The following was said by Standard Chartered Bank chief economist for Asean and South Asia Edward Lee. “US dollar is generally still overvalued and in Asia, the ringgit is one of the currencies that is undervalued against the US dollar.” He is a chief economist for a world renowned bank. Here’s that Full article in FreeMalaysiaToday … Read morePotential to reach RM3.75? As usual, it SHOULD depend on trade.