Recently, Credit Suisse said that developers’ cost of doing business has risen 20% in the first half of 2014. Thus their margins are being compressed and this cost will be passed on to the buyers. It said property sales, especially in the affordable segment has slowed since the start of the year due to cooling … Read morePassing on the cost of building to buyers? I don’t think so.
In a news report in an English medium newspaper, it was reported that SEVEN new highways would be starting work next year, 2015. These are only for Klang Valley. They are as follows: RM1.18bil Duta-Ulu Kelang Expressway (DUKE) extension, the RM5.04bil West Coast Expressway (WCE) from Banting to Taiping, the RM2.5bil Kinrara-Damansara Expressway (Kidex), the RM1.5bil … Read moreSeven highways starting next year. Thats means, MORE TOLLS in future. 🙂
80% of developers for Greater KL are not able to get approvals for their projects. Main reason? Water. According to REHDA president, Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) is not approving projects because there is not enough water. Affected projects are up to 800 in total when both the projects in Kuala Lumpur and … Read more80% of developers for Greater KL, Water Shortage, Project Approvals
85% of developers face dropping sales in H1 2014. This was revealed by Real Estate and Housing Developers’ Association (REHDA) Institute after their Property Industry Survey for H1 of 2014. As for H2 2014, 20% felt optimistic with the property market outlook. This dropped further to 13% for the first half of 2015, when goods … Read more85% faced dropping sales in H1 2014, pessimism to persist till Q1 2015
No company would want to do a loss making business. This is true not just for private entities but even for Kuala Lumpur City Hall (DBKL). After all, if the deal is profitable, it helps DBKL to enhance its coffers or even allow it so save some expenses then why not? In a recent announcement … Read moreMore attractive deal is welcomed, more details welcomed too.
Have you been observing the properties in the market for the past few months? Past year? Have you seen some advertisements which said ‘limited units’? Or ‘Final 40 units’? These days, irregardless of the project that you see being advertised, just do one thing extra, go online and search for it. You will most probably … Read moreLimited Units for many months, do not rush, buy objectively
A friend asked me the other day, ‘if I were to buy a secondary condo and it’s already 15 years, I think I have to do a lot of stuffs, the piping, the wiring etc.’ Then he said, better buy landed, not so problematic. Yes, it is true. For example, piping may not be easy … Read moreSecondary condo, Secondary landed. Buying one.
Everyone has their ideas about a good location to buy. Some would swear by their area and would never buy anywhere else. Don’t believe me? Ask a Penangite who has stayed in island to move to the mainland and tell me what’s the answer. Even for those living within the SAME ISLAND of PENANG, different … Read moreTips on ‘Good Location’ to buy.
My friends asked me would MRT be on time since two unfortunate incidents happened recently. I told her that I believe it would. She said but won’t the construction be delayed? While I could not remember where I read before but I did read before that the MRT project was slightly ahead of schedule, before … Read moreWill MRT Malaysia really start on time? Sure?
If you ask me what are the top three criteria I would consider before I buy a property, none of it would by the awards that the property developer has won. Seriously, I have not heard of many friends who buy a project because the developer has won lots of awards. If this is the … Read moreSEAPA Malaysia 2014 – Best Developer Award – Sunway Berhad