How many foreign workers would you find in a construction site in Sabah today? Well, except for the site supervisors, I think nearly everyone is a foreign worker. Of course, not just true for Sabah but also Peninsular Malaysia too. The problem with over-reliant is that if some unforeseen circumstances do happen, it will affect … Read moreKota Kinabalu property market, shortages soon?
In an online news portal, it was reported that The Royal Institute of Surveyors Malaysia (RISM) would be conducting a study on reasons as to why property price increases and provide recommendations on remedy by end of 2014. I think RISM can also talk to HBA, REHDA, MIEA etc and everyone would more or less … Read moreProperty prices up due to GST? Developers should just absorb it.
Double storey terrace in Kota Kinabalu outskirt is now RM450,000. Is this expensive when compared to outskirts in KL? For example Sungai Buloh? How about mainland of Penang? RM450,000 is not actually expensive. However, in 2007, the same property was just RM210,000. Now, it does seem high. This is an increase of 11.5% per year. … Read moreDouble storey terrace in Kota Kinabalu outskirt is now RM450,000
Reported in The Star on 7th August, Knight Frank estimated a new supply of 4,318 condominiums to be completed within the next three years. This would be the high-end residential units and it is thus on a growth cycle with demand at 2,000 per annum. If you look at this, number wise, it meant that … Read moreKota Kinabalu Property, High-end on a growth cycle – Knight Frank
I have been to east Malaysia many times. Kota Kinabalu, Sandakan, Kuching, Miri, Tawau and many more. I have never been to Bintulu. I hope to be there one of these days. Seems that there are much growth there. Recently, I read about NAIM Land Sdn Bhd’s successful launch of their ‘The Peak’ condominium project in … Read moreCondo in Bintulu; The Peak. Get to know it firstlar.
I was in Sandakan last weekend. It was an enjoyable weekend as these days, when I travel to Sandakan, it’s more like going home. No more watching one of the rarest monkeys in the world, the Prosboscis monkey (long nose monkey), no more walking just a few metres away from crocodiles at the crocodile farm, no … Read moreI missed a good Sabah property show (Shareda) in Sandakan
I read this in Daily Express (26th Feb). No, this is not Greater KL or Penang or Iskandar. This is Kota Kinabalu which is the third highest in Malaysia in terms of increase in property prices. According to Francis Goh who is Shareda’s President, for the past 5 years, prices in Sabah has surged between … Read morePotential 100% growth in property prices – Buy now or how?
I just came back from Sandakan after a week long CNY holiday there at my wife’s hometown. Just less than three years ago, I got to know about Sri Utama Condo project by IJM. If you have never heard of this project it is ok because the project is in Sandakan, Sabah. Of course I … Read moreCondo, the new boom in secondary towns?
Yes, I have firm interest in Kota Kinabalu as well. I fly to KK no less than once per year for the past 15 years. At this moment, I am only exposed there via a small condo unit which I had rented out for RM950 / month. Bought it slightly over 2 years ago for … Read moreKota Kinabalu Property – 2014 and beyond
When I first started working, my wish was simple, earn more and more each year. This is so that I can visit my girlfriend in Sandakan Sabah. I did quite well because for first three years of my working life, my increment was double digits. I don’t think majority gets double digit increment every year. … Read moreCareer, property and my noisy wish