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Property sales may suffer when it’s hillslopes and flood prone areas

We have often been reading about the Klang Valley property market. Here’s one recent one: High end KL condos, future looks brighter? More units coming  Do we know what’s happening with the Penang property market? Here’s one article in TheStar quoting many property experts.  In brief, Penang’s unsold supply of residential units are concentrated in the higher-end … Read moreProperty sales may suffer when it’s hillslopes and flood prone areas

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Property market “moving sideways” but launching RM4.05b of GDV in H2 2018

Do you know that you can buy S P Setia for RM2.80 today? Not the whole company yeah but one tiny part of it. I meant 1 unit of their stock in Bursa Malaysia. The potential return is pretty okay, if the analysts are right. According to the average target price by analysts for SPSetia, … Read moreProperty market “moving sideways” but launching RM4.05b of GDV in H2 2018

Penang’s LRT plans vs Tram proposal. Let the best option wins for Penangites.

Just a week or so ago, I wrote about the fact that financing, constructing and behaviour changing are three different things. Here’s that article:Financing, constructing and behaviour changing.Three different things really.  I was referring to the Penang Transport Master Plan, specifically the LRT. Even if financing has no issues and construction starts and ends on … Read morePenang’s LRT plans vs Tram proposal. Let the best option wins for Penangites.

Financing, constructing and behaviour changing. Three different things really.

I am a supporter of Penang’s Transport Master Plan (PTMP). No one is going to like to invest into Penang if they face traffic jams on a daily basis as soon as they step into Penang. Much earlier article here: PTMP is needed for Penang  As for whether the current model is the best, that … Read moreFinancing, constructing and behaviour changing. Three different things really.

It’s not as easy as Airbnb. Especially when it’s a ‘resi’

In Penang, my good friend who’s a real estate negotiator always point to me that ‘this condo cannot do Airbnb’ or that condo cannot do ‘Airbnb.’ Well, I think it’s not just in Penang. Getting into Airbnb may not be that straightforward yeah. Especially those who bought into high-rise units, promised by the lucrative venture … Read moreIt’s not as easy as Airbnb. Especially when it’s a ‘resi’

12-24 months more and Penang will have new LCC airport!

Good news, definitely. How about millions of potential new visitors into Penang? Good news for long-term property owners too. Anyway, this was what was shared by Malaysia Finance Minister Lim Guan Eng. He shared that within 12 -24 months, Penang will likely get a new low-cost carrier (LCC) airport to serve airlines like AirAsia. This … Read more12-24 months more and Penang will have new LCC airport!

Penang property overhang? Price and Financing issues

I know it’s not an awesome time for Penang property market. I know because the price that I wanted for a condo of mine in Penang is still nowhere near and my real estate negotiator friend kept teasing me. According to Article in NST for reference here: Residential overhang in Penang a major issue.  According to the … Read morePenang property overhang? Price and Financing issues

Oh… SST is supposed to benefit property buyers MORE.

Good and service tax (GST) has been zerorised since 1st June 2018. This meant that from 6 percent previously, it has been zero for the past 2 months. This will be in place for one more month since our new or rather reintroduction of sales and services tax (SST) will be in place from 1st … Read moreOh… SST is supposed to benefit property buyers MORE.

With RM1 billion, PTMP will be carried out much faster

Penang Transport Master Plan (PTMP) is important to the future growth of Penang. Let’s not debate on how much benefits it could being versus the cost. Just like the HSR KL – SG, everything is now muddled. The question everyone should just understand is whether there’s a long term benefit. If it is a yes, … Read moreWith RM1 billion, PTMP will be carried out much faster

IKEA Penang opening in 9 months time. New catalyst?

Let’s answer this question at the end yeah. “With IKEA coming, should I buy a property nearby?” For now, let’s just celebrate this piece of news. IKEA Penang is recruiting and they need 200 new positions at its Batu Kawan Penang store.  For those who do not know who is IKEA, it’s my favourite store. … Read moreIKEA Penang opening in 9 months time. New catalyst?

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