Last week, GAMUDA announced that it’s wholly-owned subsidiary, Setara Hati Sdn Bhd is in progress of acquiring a piece of 257.2 acre leasehold land in Tanjong 12, Kuala Langat. Total acquisition cost is RM392.2 million. For those who has not been following land acquisitions, this is considered quite a huge number, both the land size … Read moreLand cost of 13% vs GDV? Higher flexibility for property prices
65% of probability for a recession by end 2015. Yes, you can read this on many news site online. This is the latest prediction by a company which was famous for its accurate predictions of the 1929 crash as well as the recent mortgage crisis beginning in 2007. The Jerome Levy Forecasting Center said that … Read more65% probability – recession by end 2015
An article was widely shared recently. The main headline was that Malaysia needs 7.8 million homes. This is based on the 30 million population and a ratio of 4 to 1 home. The article further stated that as of today, Malaysia has around 4.7 million homes. Thus, you can see the huge gap between the … Read moreWhy Malaysia need 8 Million homes based on current population?
I always think when market is slow, new launches tend to give prices which are more realistic just to sell faster instead of selling slowly. Well, my friend just spoke to me the other day on two projects by two different developers which is selling their new projects on similar areas at prices which is … Read moreNew launches same area, lower priced than previous launches? Post-GST ‘trick’?
There has been non-stop articles about this. The reason for house prices being so high is because there are insufficient number of houses being built on a yearly basis compared to the rate of urbanisation, etc, etc, etc. This may be true for some people but I seriously do not think so. The reason is … Read moreEasiest way to bring down home prices – build too many
This is not a joke. Seriously, during my talk in a Singaporean bank, a few of the participants were talking with me after my talk and we came to the issue of property prices being too high. It’s true, in some areas, RM1,000 psf is STILL considered very attractive while in other areas, even a … Read moreProperty Prices too high? YOU might be the main reason.
This is dedicated to those who have just been offered special deals. I receive these special deals all the time. A good friend said, ‘please do not tell anyone. I have this special deal from my friend’. I asked, is her friend the developer of the new development? The answer was negative. Her friend had … Read moreBuying Property? Wait for Special Deals, Shhhhh……
I was in Penang last weekend for a house warming party. One of my former staff had bought the unit many months ago and had just moved in. It was at IJM’s Summer Place, a condo which I ‘instructed’ my sister to buy and cancel her booking of another condo unit which was cheaper and … Read moreDays of queuing to buy condos are over?
When you have decided to buy, you would normally view the properties within the requirements you have decided. Typically if you are quite sure, it would take 5 – 10 viewings and you would have decided. For those who have more than a few properties, it may take you just 1 – 2 views to … Read moreBuying a property. Why the long…………… wait for the whole process?
GST is a hot topic these days. Online, newspapers, radio, coffee shop chat topics. What’s in, what’s out, why so many items, why not make the list simpler? Why buy now? With GST, surely property market will slow down? Some say, with GST, property prices will increase instead because everything is up, how can property … Read moreGST and Property, nothing much, sorry.