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.

Crash, No, Crash, No, debate continues. Action is similar.

On one side of the ring, we have a veteran real estate expert, Ernest Cheong who sees 2018 as the year that the property market may crash. The panic may start right after Chinese New Year in February. He also  shared that developers are in desperate situation and that this was why they allow buyers … Read moreCrash, No, Crash, No, debate continues. Action is similar.

Panic selling may still not work. Sometimes, just decide and move forward.

A few months ago, an owner told my friend who is a Real Estate Negotiator that the lowest price he would ever let go is RM1.5 million. After some research, my friend pointed out the fact that the lowest price in the market at the time was RM1.25 million and even showed him the actual … Read morePanic selling may still not work. Sometimes, just decide and move forward.

Early 2019 it shall be for IKEA Penang in Batu Kawan

I have never failed to drop by IKEA in Mutiara Damansara at least once per quarter. Yes, I have been to the IKEA in Cheras. Sometimes more than once per quarter because my friends and relatives from out of state come visiting and they mentioned IKEA. I used to live in Penang for around 15 … Read moreEarly 2019 it shall be for IKEA Penang in Batu Kawan

IKEA Penang? It’s really coming – 24 months away?

Updated with latest update from Penangpropertytalk on 11th may 2017. A few Penangite friends say it’s the key reason for them buying a property in Batu Kawan. Some say this will bring Penang mainland’s property attractiveness up to be on par with the island. It’s that brand called IKEA. (Yes, I love IKEA even if … Read moreIKEA Penang? It’s really coming – 24 months away?

Eco World: RM4 billion target for 2017 achievable

Yes, the property market is challenging for some developers. For some buyers who has received keys to their unit and found out that the price they wanted to sell is not what the next buyer is willing to accept, that’s a headache too. However to think everyone is pulling back and no longer buying is … Read moreEco World: RM4 billion target for 2017 achievable

Outlook of a few major property markets in Malaysia by CBRE / WTW

I have a small Whatsapp group of a few colleagues who love to talk about property. One of them has invested only in Klang and he recently asked this question. ‘Anybody buying any property in 2017?’ He said he is still looking but not sure if he should buy or not. He is what I … Read moreOutlook of a few major property markets in Malaysia by CBRE / WTW

Potential to grab an auction property within Penang island?

This is for people interested with Penang LANDED properties. Two within the island and one in mainland. Beyond just the usual new launches, there are two other potential properties that one can buy. The secondary ones which can be searched via many property portals as well as those that falls ‘under the hammer’ also known … Read morePotential to grab an auction property within Penang island?

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