Penang property – Another RM1.5billion GDV project

I do not normally write on individual projects but RM1.5 Billion GDV is not a small one. The reason being this is Penang. Land is limited and thus GDVs do not normally become too huge for people to notice. Sunway Bhd has plans to buy four parcels of land in Penang for RM267.42 million. From … Read morePenang property – Another RM1.5billion GDV project

Penang property – Balik Pulau – Is it ‘far’?

I remember many years ago when my wife and I visited the Botanica CT showhouse in Balik Pulau.  Construction was going on feverishly.  The road leading to the project was winding and there were not too many developments on either side of the road. We went up from the bukit jambul hill road and it … Read morePenang property – Balik Pulau – Is it ‘far’?

Buying a property over RM550K, relaxed and easy

When I bought my first property just before I got married, my wife and I calculated and recalculated and one final calculation before we decided to go ahead and buy our first apartment, jointly. When I bought my second property which is a condo, my wife and I calculated and decided not to buy and … Read moreBuying a property over RM550K, relaxed and easy

Predictions on property bubble burst date

It may happen within the next few months or it may happen in a few years.  If it does not happen within 2 years,  it will happen within five years.  If it does not happen within five years it will happen someday.  Familiar? Property investment experts / analysts, property related NGOs, your cash rich friends … Read morePredictions on property bubble burst date

Penang property for rental – two better than one

My brother discussed about buying properties for rental recently. He asked, if he could afford only a RM400,000 loan today, should he buy one property at RM400,000 or two at RM200,000 each. I told him, as long as he understands the rental market, both options are okay. However, if I must choose one, then it … Read morePenang property for rental – two better than one

Penang mainland property – 2nd Bridge effect

A Toastmaster friend asked, ‘please comment on mainland properties’. I sent Whats App message to 10 friends, half of whom are Penangites and another half non Penangites. ‘With new bridge, would you be willing to move to mainland since it’s just around 20 minutes to places like Bayan Baru, Batu Maung?’ The property prices there … Read morePenang mainland property – 2nd Bridge effect

Penang property – below RM600,000 and should be new

A close friend told me that after she has asked many agents in Penang, they kept giving her the same answer. ‘You can buy The Peak Residences.’ Walao, there are no other properties in Penang below RM600,000? This time, I did not search, I jogged my memory a little and said, actually there are quite … Read morePenang property – below RM600,000 and should be new

Penang property market slowed down

Everyone I know has been saying that the property market is slowing down. Well, everyone except one agent who told me that his business is still very good. In actual fact, market is slowing down. This is the effect from the many cooling measures implemented and will be implemented in the near future. Buyers are … Read morePenang property market slowed down

Frothiness building up in property market – Nouriel Roubini

Google him and you would know who this person is. Need no explanation in the economics world. He wrote an article in The Edge recently detailing how the global financial crisis was triggered by a series of collapsing housing market bubbles. He mentioned US as the one most well known. I think all of us … Read moreFrothiness building up in property market – Nouriel Roubini

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