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Property sales may suffer when it’s hillslopes and flood prone areas

We have often been reading about the Klang Valley property market. Here’s one recent one: High end KL condos, future looks brighter? More units coming  Do we know what’s happening with the Penang property market? Here’s one article in TheStar quoting many property experts.  In brief, Penang’s unsold supply of residential units are concentrated in the higher-end … Read moreProperty sales may suffer when it’s hillslopes and flood prone areas

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Buying is Yes. Following guidelines is MUST. Penang’s UNESCO city.

Penang was where I started my career. I stayed there for 15 years until I accepted a regional position based in Kuala Lumpur 5 years ago. It was also the state which my property investment journey started. It will not end anytime soon. In fact, the progress of developments may be accelerating with the new … Read moreBuying is Yes. Following guidelines is MUST. Penang’s UNESCO city.

PR1MA in Penang starts 2018. 905 units from RM300,000. 257 units from RM72,500.

Do you know that your monthly repayment is RM1,352 if you buy a RM300,000 apartment with a 10 percent downpayment today? 30 years repayment period and 4.4 percent interest rate assumptions yeah. Assuming a healthy 30 percent of the income is used for mortgage payment, then the person or household would need to have a … Read morePR1MA in Penang starts 2018. 905 units from RM300,000. 257 units from RM72,500.

Home improvements? Here’s one good contractor in Penang.

Home Improvements? Electrical stuffs? Piping stuffs? Specifically for Penang, here’s my recommendation. I have personally used his services a couple of times and in brief, he’s direct, honest and professional. Direct is important because he will tell you all his charges well in advance and you make your decision before engaging him. Honest is super … Read moreHome improvements? Here’s one good contractor in Penang.

Property prices do not change just because asking prices are falling…

A negotiator friend from Penang told me that some buyers do not trust property negotiators. After his sharing, I think it’s important to note a couple of things, whether it’s the negotiator, the asking prices and even the final transacted prices. When we want to sell our home and the real estate negotiator tells us … Read moreProperty prices do not change just because asking prices are falling…

Property market recovery only in 2020 / 2021

Should we be happy if the current lacklustre property market is expected to recover only in 2020 or 2021? Many may actually be hoping so because this would help salary increments to catch up with property price increases. You know, those complaints about property prices being WAY TOO HIGH? Or that due to it being … Read moreProperty market recovery only in 2020 / 2021

Online Bidding (Penang properties). Up to 35.8 percent below market value.

Online Bidding Auctions for March 2018 by MNP Auctioneers (Central) Sdn Bhd. State: Penang (Ayer Itam, Batu Ferringhi, Paya Terubong, Gelugor, Bukit Mertajam), Kedah (Sungai Petani) Property types: From apartments to semi-detached properties and even bungalows Reserve price(s): Up to 35.8 percent below market value.  Please refer below for full details. NOTE:  All these properties … Read moreOnline Bidding (Penang properties). Up to 35.8 percent below market value.

Interest rate to affect property demand in Penang

I have moved out of Penang for the past 5 years. My son was even born in KL. However, I like Penang property market because the island side remains just an island while the mainland side has the second bridge as a new connection to the Bayan Lepas industrial parks. It meant that it is … Read moreInterest rate to affect property demand in Penang

6 developers with a total of over RM6 billion new launchings

Businesses can only continue to exist if they have profits or if they kept getting fresh funds from investors even when they keep losing money year after year. This is the case even for ‘not-for-profit’ organisations These organisations must still have surplus so that they can grow what they do and hire good people. Let’s be … Read more6 developers with a total of over RM6 billion new launchings

The top 10 most expensive properties transacted, recently

I love to window shop. I mean, I may not buy that Coach men’s wallet. My current wallet is VW but that’s because my wife bought it for me. I am okay with cheaper brands actually but I really do appreciate the thoughtful design, the organised stitchings and even the touch of leather. Plus the … Read moreThe top 10 most expensive properties transacted, recently

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