I am a believer of air-connectivity. We need to earn foreign currencies! It’s just like trading between nations. We have so many Malaysians who thinks other countries are more worth visiting but not cuti-cuti Malaysia, so let’s attract those people thinking the same from other countries. Classic conversation with a good friend many years ago. … Read moreTourism is definitely the right focus
My condo in Penang is still unsold. The price I wanted is somehow not the price buyers are willing to pay, yet. Actually, many owners are facing the same situation and I think as soon as I find a good target to buy, I may have to sell my condo and jump into the market … Read morePenang market’s not-so-good and potential for 2019
I have been sharing that prices for properties could not drop sharply unless the sellers (owners) themselves become desperate and start selling lower, sharply. It has never been due to unsold units rising or high number of unsold units. This is question everyone should have in their mind when they are indeed waiting for a … Read moreUnsold higher likely. Prices lower unlikely. (sharply…)
These days, Penang’s traffic jams are getting worse. One very good example would be the Tun Dr Lim Chong Eu (LCE) expressway. Please do not use it during peak hours or you will feel like you are in Kuala Lumpur. Thus, there was a proposal for a Pan Island Link 1 (PIL1) and for the … Read moreNo funds for the important PIL1? Bridging loan needed.
When I was still based in Penang, I noticed that Penang private hospitals are a favourite for many overseas patients. The reasons often cited is that they trust Malaysian hospitals more versus their own country as well as that the prices they have to pay is still lower than their own country. I moved to … Read moreRM1.8 billion industry. Get ‘benefits’ from it!
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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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.
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…)
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.