Another prediction of property price increase in 2014. This is the Property Outlook Conference (POC) 2014. According to Andaman Group managing director Datuk Seri Vincent Tiew, rising costs will push up the total net cost for a developer by 5% to 8% and thus property prices could go up by about 5% to 10%. The chief reasons … Read moreProperty prices – 10% up for 2014?
Ipoh? Condo? Are you out of your mind? I remembered even my parents said condo does not have a market in Ipoh. There are so many landed properties available in Ipoh and much cheaper! I asked them, would they want to move to newer areas since those areas are also much cheaper. They can sell … Read moreCondo market in Ipoh
Someone shared in facebook recently that with RPGT at 30%, the property price would have to increase 40% in order to earn any meaningful profit. Perhaps there’s a confusion here. RPGT is Real Property Gain Tax. In other words, you pay tax on your net profit. If you sell at a loss, you pay nothing. … Read moreWith RPGT, no more property investment
After reading through so many articles, especially The Edge which their last issues focus was on how tough 2014 may become, I was a little affected. However, I found many good news too. It seems that in November in Singapore, 95% of whatever was newly launched was SOLD! It mentioned a few points which I … Read moreMy 2014 wish for property market
According to a report by Credit Suisse Global Wealth Report, the typical average wealth per adult in Singapore is US$282,000 and this includes a person’s home, if he owns it. In other words, if the house is still under mortgage loan, then it is not included. This is an amazing number and it came to the … Read more174,000 millionaires in Singapore
I read in The Star today about some developers feeling the heat from all the cooling measures undertaken by the government. I seriously believe if their product is the right one for the mass market, there is nothing to fear. Whatever cooling measures undertaken is to ensure the property bubble does not happen and there … Read moreDevelopers feeling the heat?
Nearly forgotten about this very important step that everyone must have no matter how successful you are in the corporate world or how rich you are from property investment. Protect your wealth from sudden annihilation. There are many circumstances out of our control, that is for sure. However, if we are responsible, we must and … Read moreProtect your wealth, always
Nearly everyone of my friends said they wanted to stay inside Penang island. No wonderlah the prices are going up a lot. However do you know that there is another place everyone can also consider? In fact it meets majority of what people tell me except for reasons such as ‘all my friends are in … Read moreButterworth property is BETTER WORTH.
Photo source: http://www.firstpeoplesolutions.co.uk/blog/wp-content/uploads/2013/08/top-10-buildings.jpg Burj Al Khalifa was completed in 2010, it stood 828 metres tall. The second placed Taipei 101 was VERY FAR away. However, there was one building which can still claim to be tallest in the world today and perhaps for many more years to come. It is our very own Petronas Twin Towers. … Read morePetronas Twin Towers still tallest in the world*
My friend said the property market is going to crash soon. His friend’s friend said so. The developers said that prices cannot come down and it has to go up due to costs. If that is true why there were so many complaints when DIBS scheme was cancelled by BNM. My agent friends said that … Read moreWhy you should visit property fairs