The stamp duty for property transactions above RM1 million was not welcomed by the market. Of course, the target was not the B40 or the M40 households but this will subdue the number of potential transactions from the more experienced investors and when the numbers suddenly drop, the first-time home buyers would definitely lose confidence … Read moreIncrease in stamp duty delayed. Support for property market?
First of all, 2018 has been a pretty subdued year for everything, not just property market. Somehow, majority of everyone seem to carry a negative sentiment in whatever they think and do. Many say they could not spend more when they travel overseas because ringgit kept depreciating. Actually, it has only depreciated a little this … Read moreLots of good advice for 2019 real estate goals.
It’s important to look at the median price instead of the average price when it comes to the property market. Median refers to the price which happened the most while average price usually does not make much sense when two different types of properties are combined. For example, an affordable apartment at RM200,000 plus a … Read moreDropping and increasing property price. Depends on how we see it. Good sign?
A friend said that homes in Malaysia are getting way too expensive and soon no one could even afford one. I told him that every year we continue to have huge numbers of transactions running in hundreds of thousands. He questioned, ‘Then why unsold properties are so high?’ (Earlier article here) I replied, ‘let’s just … Read moreAffordability of homes? It’s an issue EVERYWHERE.
Is this the time to worry about the property market? Honestly, if you were that someone who bought 4 properties at one go in 2012 and just got the keys to all the 4 properties this year, you should be worried. It’s likely that the prices are going to be weak because there are suddenly … Read moreUnsold and completed rises by 10,000 units. Worry now?
Do you know which is the tallest tower in Malaysia today? Nope, the tallest tower is NOT Petronas Twin Towers. That remained the tallest twin tower in the world and Malaysia too. The new tallest tower in Malaysia will be PNB’s Merdeka 118. Thus far there has not been too much news about the tower … Read moreThe tallest tower in Malaysia definitely needs to have a mall too.
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…
A very confident friend told me the other day that the POWER to CHANGE the government is firmly in our hands. We were talking about the property prices and he said that the new government must ensure property prices are affordable to Malaysians. Else, the new government can also be the ex-government too. Actually, he … Read moreChanging government will not fix affordability issue IF
I guess everyone who’s involved in the real estate industry knows that the market is slow. Somehow people are taking a longer time to decide what to buy. There’s good news ahead according to Knight Frank Asia Pacific Forecast 2019 that was released yesterday. Knight Frank shared that market sentiments are projected to improve as … Read moreKnight Frank: Improving sentiment due to stamp-duty waiver.
This was reported by a UK-based newspaper, Financial Times (FT) about the property prices here in Kuala Lumpur. It said that the reason for average sales dropping by 4 percent since last July is because of two reasons; excess supply and domestic cooling measures. Judy Ong of Knight Frank in Kuala Lumpur said, “The inflation … Read moreProperty prices falling: excess supply and cooling measures