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Penang properties (mainland)

RM2.6 billion investment into Penang. (one of the partners is IKEA…)

Reported in many articles. This is one of them: FreeMalaysiaToday.com: Aspen-Ikea JV invests RM2.6 bil on metropolis in mainland Penang Aspen Vision City Sdn Bhd, a joint venture (JV) company between Aspen Group Holdings Ltd and Ikea Southeast Asia, has invested more than RM2.6 billion in its 99.15ha master-planned metropolis in mainland Penang. Aspen Group … Read moreRM2.6 billion investment into Penang. (one of the partners is IKEA…)

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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

Home improvements? Here’s one good contractor in Penang.

Home Improvements? Electrical stuffs? Piping stuffs? Specifically for Penang, here’s my recommendation. I have personally used his services a couple of times and in brief, he’s direct, honest and professional. Direct is important because he will tell you all his charges well in advance and you make your decision before engaging him. Honest is super … Read moreHome improvements? Here’s one good contractor in Penang.

Online Bidding (Penang properties). Up to 35.8 percent below market value.

Online Bidding Auctions for March 2018 by MNP Auctioneers (Central) Sdn Bhd. State: Penang (Ayer Itam, Batu Ferringhi, Paya Terubong, Gelugor, Bukit Mertajam), Kedah (Sungai Petani) Property types: From apartments to semi-detached properties and even bungalows Reserve price(s): Up to 35.8 percent below market value.  Please refer below for full details. NOTE:  All these properties … Read moreOnline Bidding (Penang properties). Up to 35.8 percent below market value.

Interest rate to affect property demand in Penang

I have moved out of Penang for the past 5 years. My son was even born in KL. However, I like Penang property market because the island side remains just an island while the mainland side has the second bridge as a new connection to the Bayan Lepas industrial parks. It meant that it is … Read moreInterest rate to affect property demand in Penang

Penangites, see you on 3rd and 4th February 2018.

I have moved to Kuala Lumpur for 5 years. However, I continue to drop by Penang every two weeks. I still own properties in Penang too because I believe the current slow market is only a passing phase. Property market Penang is a very resilient one. On 3rd and 4th February 2018, there are a … Read morePenangites, see you on 3rd and 4th February 2018.

Penang Property Outlook 2018 – What’s brewing?

In Penang, there’s one prominent local property site which is visited by most of my friends. In fact, it was not the most popular when I first got to know some property sites based in Penang. Today, penangpropertytalk.com has around 100,000 visits per month. Do visit them often. On a daily basis, my good friend … Read morePenang Property Outlook 2018 – What’s brewing?

Below market price bungalow in Penang, anyone?

Good news for upgraders looking for a bungalow in Penang below RM1 million. Land area is 4,400 sq ft and built up is 3,500 sq ft. Message from PEN Properties E(3)1400 This property is suitable for the three groups as follows: 1) You may currently be staying in a 1,600 sq ft condominium in Penang … Read moreBelow market price bungalow in Penang, anyone?

Just EcoWorld or is the property market improving?

EcoWorld is a name known to virtually anyone looking to buy a property here in Malaysia. No surveys done, just a guess. It has just reported a set of encouraging results for the financial year ended 31st October 2017. Yes, this meant that its financial year would be 1st November to 31st October. Q1, Q2, … Read moreJust EcoWorld or is the property market improving?

Median property price KL? RM530,000. Approval rate? 77 pct.

Do you know that the median property price for KL is RM530,000 for 2016? Source: NAPIC, Malaysia. Median household income for KL? RM9,073 for 2016. Source: Department of Statistics, Malaysia. The approval rate thus far? 77 percent. In other words, nearly 80 percent of all applicants do get their loans approved. Take a look at … Read moreMedian property price KL? RM530,000. Approval rate? 77 pct.

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