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Stories of potential buyers / owners of today

The world we live in today. πŸ™‚ Rich parents. (Maybe just too rich). Son bought a RM750,000 condo a few years back. The condo had one of the highest price per sq ft in the area. The advantage is that it’s luxuriously designed and has KLCC Twin Tower view even though it is not next … Read moreStories of potential buyers / owners of today

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Property? Home? Investment? Then, today and future?

It’s a HOME. The first time I told my parents that I was buying my second property (year 2005), their first remark was, β€˜is there any problem with your current home?’ That was many years ago. Their understanding of a property is that of a home sweet home. Simple right. You save, you buy, you stay … Read moreProperty? Home? Investment? Then, today and future?

Expert Series with Mr. Lee Yan Yaw, CEO of Setia Awan (Central Region)

We speak to Mr. Lee Yan Yaw, the CEO of Setia Awan (Central Region), a property developer which has been building homes with quality and affordability and has been in the industry for over 25 years. Their vision is to provide Malaysians with quality, yet affordable lifestyle homes. To date, the Setia Awan group comprises … Read moreExpert Series with Mr. Lee Yan Yaw, CEO of Setia Awan (Central Region)

How fast could I earn my money back?

We often look at investments and its attractiveness based on how fast and how high. How fast is in terms of duration and how high is usually calculated in absolute number of percentage of returns. Property investment should be one of the SLOWEST but may just be one of the HIGHEST based on return on … Read moreHow fast could I earn my money back?

Times are not great. Unreasonable requests still laughed at. Period.

Actual conversation from a friend’s Facebook page which made me laugh out loud this morning. Potential buyer: Hi… I am XXXXX. Looking for a new house. Prefer double-storey, link-house. REN: Your budget n location please Potential buyer: Shah Alam. RM200-400k. With gated and guarded. Ladies and gentlemen, all the affordable projects announced thus far are … Read moreTimes are not great. Unreasonable requests still laughed at. Period.

More homes expected to be sold in Penang during HOC – Mapex, says REHDA Penang.

If we bought a RM500,000 home today, how much could we save just from the stamp duty exemption? Please o refer to the image. The total savings we could get if we bought a RM500,000 property just from stamp duty exemptions alone would be RM9,000. Assuming we want to have RM9,000 in interest after saving … Read moreMore homes expected to be sold in Penang during HOC – Mapex, says REHDA Penang.

Protesting for ‘Rent Insanity’

Here in Malaysia, people debate with me why they believe renting is better than buying. At least currently when the market seems to be saturated with completed condos which the owners are not staying. Their main point? Landlords / Owners are desperate and that it is easy to find a RM1,500 monthly rental for a … Read moreProtesting for ‘Rent Insanity’

Mortgage slaves in Malaysia?

Who is a mortgage slave? We could briefly say that these are the people who owe the banks lots of money for their property purchase and is currently paying for it by using a lot of their monthly salaries every month. How much is considered a lot? According to an article as early as 2006 … Read moreMortgage slaves in Malaysia?

Buy from me, follow my rules. Perfect.

Buy one unit, ‘cut’ them into smaller units and rent out to 3 times the usual number of people. So, typical mortgage could have been RM1,300 per month (affordable home) but renting it out to 15 people at RM250 per pax will become RM3,750. This is just an assumption but truth is, abusing the rights … Read moreBuy from me, follow my rules. Perfect.

Would you buy if the interest rate is 14%?

When I bought a condo in a not-so-popular area in Penang, I was asked again and again why I did not buy in more popular areas. Answer was a simple one, I could not afford those popular areas. I was only 29 then and I did not earn RM26,000 per month… πŸ™‚ This same question … Read moreWould you buy if the interest rate is 14%?

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