I must share this news about real demand; Penang affordable properties. Total applications are over 51,238. Recently a few friends said that the property market in Malaysia is made up of all speculators. This is despite the fact that 84% of all home mortgages are for one property. Then, they said it must be the … Read morePenang affordable properties – 51,238 applications!
Do you know the actual happenings in Penang property market? The actual numbers? You have read from a lot of sources. You may have attended a lot of those previews and may be thinking of going for those workshops which will set you on the right path to be a property multi-millionaire. Most importantly though … Read morePenang Property Market – What’s happening?
Most important for any developer would be the size of its GDV. Low GDV, low profits potential and high GDV equals to higher profits. Clear? Well, Eco World’s current GDV is now RM63 Billion. This puts in behind only UEM Sunrise and SP Setia. This is indeed something amazing considering I have never heard of … Read moreEco World, its GDV and loved by CIMB, their shares still not for me.
Remember Penang’s tunnel project? The tunnel project which would include a 6.5km undersea tunnel connecting Penang island to the mainland. There would also be a 12km paired road between Tanjung Bungah and Teluk Bahang. This includes a bypass between Air Itam and Tun Dr. Lim Chong Eu expressway as well as between Gurney Drive and … Read morePenang tunnel and related highways; a hiccup with Astral Supreme’s pull out
Last year, during the The Star property fair in Penang there were around 39 developers / exhibitors participating. Actually, in terms of numbers this has gone down. I remembered the last one that I went, there were easily 50 over booths including my former company which had a prominent one too. Perhaps this reflects the … Read moreProperty market is slowing. Agree. However, there are today MORE interested people.
11,800 units of affordable properties of which the highest priced ones would only be RM400,000? Yes, that’s being built in Penang. It’s not within the island but in the mainland, near to the second bridge. Thus, it is now possible to stay at a good place, for an affordable price and commute to and fro … Read moreHijau E-Komuniti, Penang’s answer to affordable homes
This article was written one year ago but affordable units are still available even today. To show this, the article has an update on 16 Dec 2015. Do refer to the image for some latest affordable secondary choices in many areas in Selangor. Do refer below for some choices from property guru.com.my You can also … Read moreExperts said, ‘affordable properties’ NO MORE (nonsense)