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Property Penang

Penang mainland, Penang island

Over 20,000 visitors to IKEA Penang (1st day), so buy, buy and buy?

IKEA Penang has opened and it’s very popular, attracting over 20,000 customers on its first day. A close friend in Penang asked this again, “I think now all the real estate negotiators in Penang will receive many enquiries for properties surrounding IKEA. Maybe owners will even increase their asking prices.” Frankly, it’s BETTER not to … Read moreOver 20,000 visitors to IKEA Penang (1st day), so buy, buy and buy?

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Quay West Residence – Pleasures and Priviledges You Truly Deserve

[Sponsored] Picture a panoramic view of the azure sea that welcomes you at each rise of the sun, and rhythmic sound of waves splashing across the shore. Be momentarily transported to paradise with the soothing breeze of fresh air coupled with verdant sight of rainforest reserve island, and two majestic bridges over glistering water in … Read moreQuay West Residence – Pleasures and Priviledges You Truly Deserve

RM3 billion for Kedah: Lots of positives.

How much tourism money could one plane bring in when it lands in an airport in Malaysia? Assuming it’s an Air Asia X version of Airbus A330-300. It carries a total of 377 guests if it’s full. We assume there’s just 300 tourists. All of them stay in Malaysia for just 4 nights. Everyday they … Read moreRM3 billion for Kedah: Lots of positives.

PIA’s 16 million passengers goal at over RM1.2 billion (government has no funds…)

I get excited when Penang gets ever more connected to the world. I stayed and worked there for over 15 years before moving to KL. Truth is, growth of this little state (plus mainland) depends on connectivity and with the Penang International Airport (PIA) having reached its maximum capacity, it’s about time for the next … Read morePIA’s 16 million passengers goal at over RM1.2 billion (government has no funds…)

MIEA: More options to first-time home buyers please.

I hope first-time home buyers read enough articles (personal finance, property blogs, etc) to understand that even if it may not be the best time ever (in our lifetime) to buy a property, it is definitely a good time today. The developers are more willing to provide a good deal and the government is offering … Read moreMIEA: More options to first-time home buyers please.

KIA (KXP) and PIA MUST be complementary please.

I have stressed many times that Penang needs a much bigger international airport for its future because the best way into Penang from overseas is through the air. (PIA) Earlier article way back in 2016 here: Penang International Airport, what’s next? Well, I did not have that many supporters even among Penangites. Perhaps now there is really a need … Read moreKIA (KXP) and PIA MUST be complementary please.

Reveal statistics for defaulters? (Include statistics for successful applicants too, please)

When we look at the Non-Performing-Loan (NPL) numbers, it looks like there are very few defaulters, in percentage terms. Earlier article here. Does this mean that the banks have been too strict since only the very qualified gets their loan applications approved? Should they lower their lending criteria? Earlier ‘advice’ from a Deputy Minister here. … Read moreReveal statistics for defaulters? (Include statistics for successful applicants too, please)

When it’s ‘dangerous,’ consultation for a solution is necessary.

I am pro-development; responsible one. For example, redevelopment projects where the density will be many times higher is totally fine for me as long as it is connected the the MRT / LRT network and the prices are made affordable due to the higher number of units for more Malaysian households. However, I am against … Read moreWhen it’s ‘dangerous,’ consultation for a solution is necessary.

HOC 2019? 20 pct discount, please?

Remember the good news about Home Ownership Campaign 2019 where developers promised a 10 percent discount of all homes whether completed or in construction? Earlier article here: Buy, Buy, Buy is Back? Then, it was also clarified that it’s applicable to ALL buyers during the campaign period and not just first-timers? Here’s that earlier article: … Read moreHOC 2019? 20 pct discount, please?

RM2.6 billion investment into Penang. (one of the partners is IKEA…)

Reported in many articles. This is one of them: FreeMalaysiaToday.com: Aspen-Ikea JV invests RM2.6 bil on metropolis in mainland Penang Aspen Vision City Sdn Bhd, a joint venture (JV) company between Aspen Group Holdings Ltd and Ikea Southeast Asia, has invested more than RM2.6 billion in its 99.15ha master-planned metropolis in mainland Penang. Aspen Group … Read moreRM2.6 billion investment into Penang. (one of the partners is IKEA…)

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