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Property bubble in Malaysia

On 17th October 2013, National Property Information Centre (NAPIC) reported that the average housing completion yearly was 100,000 units relative to the average annual household formation, which was 140,000. On 25th October 2013, in The Star, according to Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan1.7 million households yet to own houses’. He also … Read moreProperty bubble in Malaysia

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Property prices are too high in Penang

A friendly reminder. There are potential for a price fall for high end condos. For example, those which are over RM1 million and above. Demand may not be enough to support the oversupply. However, for those who are waiting for the RM500,000 condos to fall back to their original level of RM300,000, I personally feel … Read moreProperty prices are too high in Penang

Debt Free, really?

Everyone loves to be debt free. Truth is, I want to also be debt free. However, one level above debt free is financial success. Debt free is not financially successful? If you bought a RM500,000 property, takes up a 15 years repayment period and finished paying everything in 10 years. You are now debt free … Read moreDebt Free, really?

Property downpayment – own stay (updated)

When a colleague and I had lunch recently, she said she is saving money for a property. I asked her, what kind of property. She said, I am not sure yet. Once I have enough savings I will then look. I asked her how much is enough. She said she has yet to identify. Actually, … Read moreProperty downpayment – own stay (updated)

My first condo buy – Regency Heights

A close friend who’s a senior management in a US multinational said, ‘It’s not a good time to buy property now, I heard many people said the bubble will burst soon. I will wait until the price comes down and then I will buy’. I just smiled. By the way that was 6 years ago. … Read moreMy first condo buy – Regency Heights

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