The stamp duty for property transactions above RM1 million was not welcomed by the market. Of course, the target was not the B40 or the M40 households but this will subdue the number of potential transactions from the more experienced investors and when the numbers suddenly drop, the first-time home buyers would definitely lose confidence … Read moreIncrease in stamp duty delayed. Support for property market?
I am pro-development. Sorry to all those who are not pro-development. Let’s agree to disagree for this one. However, I am against over-development yeah. I am also against development without a good business plan which ultimately will kill the project and cause even more issues. Today, we talk about Penang Hill. There will be two new … Read moreFrom 12 rooms to over 200 rooms. Penang Hill gets exciting.
[Sponsored] The Clovers, Penang – An Overview The Clovers is a freehold luxury residential development by Asia Green Development in 2013 and completed in 2017. The project’s logo was inspired by the four-leaf clover, whereby each petals represent the element of fortune, hope, love and faith; signifying prosperity, good luck and blessings to bestowed upon … Read moreThe Clovers, Penang – An Overview
[Featured image from NST.] Heavy rain. Penang. 12 months ago. This has repeated. Another major landslide has happened in a Penang construction site and this time four bodies have been found with another three missing. In an article in TheSunDaily.my: Calls for Penang to review existing projects following landslide. According to a former PKR parliamentarian, the … Read morePenang landslide; another one. I wonder how, I wonder why.
This is an interesting view from a property industry observer about the property prices here in Malaysia. The full article is in edgeprop.my here: Developers must cut profits to lower property prices. Basically, in order to reduce the price of properties, the developers must cut their profit margins. “This is the only component of development costs … Read moreCut prices please, Mr. Developer? Well…
If you are looking for a property from a reputable developer and you want to secure a property while accumulating the downpayment, here’s one programme for you. IOI Properties launched it’s “Pay Later, Buy Now” end financing options. This is a program for a selection of its newly completed properties. The choices are wide and … Read moreLots of property choices under “Pay Later, Buy Now” by IOI Properties
Penang’s traffic jam is getting worse. I know because my brother, sister and even brother-in-law is still staying and working in Penang. I have been working there from 1998 to 2013 before I moved to KL. Thus, there are plans to push more people to take the public transport and less people to drive their … Read moreTram and flood does not mix well in Penang.
Sales and Service Tax (SST) has started. There has been a few car models including BMW which has announced lower prices with the SST compared to previously. The good news are now extended to the property market. According to an article in NST, Finance Minister Lim Guan Eng has praised the Real Estate and Housing … Read moreREHDA Penang has reduced property prices by 6-10 percent. Hooray!
This is about the future of the property market of Penang. Good connectivity, especially an efficient public transport will be a catalyst for economic growth which will eventually drive demand for properties. There’s no need to be surprised. LRT stations have always been a catalyst to developments surrounding it and well, property prices too. Penang … Read morePenang’s LRT may not be the BEST choice
Taking Miichael’s words, ‘Learning about property investment is extremely important before we start. This is one event that everyone should not miss.’ Now, for my own sentence. Yes, I am one of the speakers sharing my views about working professionals and their property investment. Personally, I think it’s important for everyone to have a roof … Read morePenang Property Convention 2018. FREE for Early Birds.