A close friend asked me a few days ago about a luxury condo project in Malaysia. Currently priced at over RM1.4 million. Yes, a luxury condo in Penang priced at over RM700 psf. My friend is over 40 years old and thus you may ask, but if she is able to pay for a RM1.4 million … Read moreAs people age, they may prefer condo lifestyle instead
In Penang it was recently reported in The Malay Mail (14 July) that one proposed high-density project in Taman Casa Permai, Tanjung Bunga does not violate Penang Hill’s development guideline and thus will proceed as planned. This was clarified by the state executive councillor Jagdeep Singh Deo who said he has already checked the project … Read moreNo violations, paid extra for breathtaking view and change of developer
In a report in The Star (24th July 2014), it was reported that Malaysia’s residential property segment has entered a ‘cooling phase’ in the first two quarters and will continue to be ‘moderate’ for the third quarter according to the Malaysian Institute of Economic Research (MIER). The main reason was because of the macro-prudential measures … Read moreMIER, The ‘cooling phase’ and the right price and right attitude
Today, a good friend asked me about Penang property price per sf. I told her, I seriously think anything above RM1,000 per sf is considered too high based on the current Malaysian household income. This is despite the fact that there were already many projects in Penang exceeding that level. Then, I chanced upon a … Read moreRM2,300psf in KL and confidence of nearly full take up
According to Raine & Horne Malaysia (Penang) senior partner Michael Geh, during the 1986 recession, property prices dropped 20% over a two year period but during the seven year upturn after that, prices went up 45%. This was seen again during the 1997/98 Asian financial crisis where prices went down 20% but rose by as … Read moreDown 20% up 45%, down again by 20% and up again by 45%
Two years ago, a close friend asked if she should buy Beranang since SP Setia has started to buy land in Beranang. That was the first time I heard of Beranang. Recently, it was reported that Eco World is planning a RM3.5 Billion project in Beranang with the purchase of a piece of 492 acre … Read moreProperty Investment? Buy ‘Beranang’! Where is that?!
A few weeks ago, Tan Sri Vincent Tan said that he would like to apply again for a casino license and that he would want to spend RM3 Billion to build it what would include a casino complex, indoor and outdoor theme parks, food and retail outlets, hotels, a convention centre and holiday homes in … Read more2nd Casino License and ‘A right of first refusal’
I love new malls. Even if I may only be going there once, it is okay. Another new mall is opening in November 2014. IOI City Mall. Ever wondered why they use the word ‘city’? This tells us that these malls serve the community nearby the mall. Typically these malls are built within an integrated … Read moreIOI City Mall, New Tenants and Opening Nov 2014!
Another article was published in The Star newspaper on 2 July 2014 about the 6 new highways being built but benefiting few. It said that this is the question being asked by the residents affected by the projects. Some reasons mentioned include the fact that it cuts through some forest reserves, cuts through old housing … Read moreNEW highways, NEW developments, SURE objections
Everytime anyone asked me about buying condo, my advice has always been, if you buy for your own stay, buy one which you like, even if it slightly premium compared to another one which is further and meeting 90% of your expectations. However, if you are buying for investment, strive for rental first instead of … Read moreLuxury Condo bargains within 6-9 months, 5,000-6,000 units to enter the market