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Buying from a reputable developer

Many years ago,  my sister happily told me that she has placed deposit for a condo in Penang. I knew about the project.  I asked her to cancel it. She asked me why.  I said I prefer more reputable developers because it is a new property that you want to stay.  She cancelled it and … Read moreBuying from a reputable developer

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Penang new launchings in 2014

Would there be lesser property launches in Penang for 2014? Would Penang be the least affected property market? Thanks to Mr. Michael Geh, Senior Partner of Raine & Horne, we can view many of the upcoming official new launches easily within one page. Some of the projects below were already unofficially launched earlier where buyers … Read morePenang new launchings in 2014

Recent property outlook opinions by property gurus

So many people have said so many different things. Predictions ranges from frothiness or potential bubble or prices continuing to go up. Recently, the highlight was on the potential for secondary market to start shining after being overshadowed by new launchings since 2010. This coming weekend, I will start sharing some very enlightening and interesting … Read moreRecent property outlook opinions by property gurus

Penang properties – Tanjung Tokong

I stayed for a few years in Tanjung Bungah when I was still working in Menara Boustead ( formerly PSCI). I stayed in Leader Garden. In fact that was the very first time I stayed in a condo because before that, I used to rent a room along the huge houses in Barrack Road. I … Read morePenang properties – Tanjung Tokong

Landed for RM900K in Penang, buy?

A close friend asked if a landed property in Penang is worth buying. He gave me the project name. My advice to him was simple. I have not been to the project but if it meets three requirements, buying a landed property inside Penang island can never be wrong Dimension. If you log in to … Read moreLanded for RM900K in Penang, buy?

IKEA and Batu Kawan – buy now?

Ikea is coming to Penang! Today, Penang CM Lim Guan Eng announced a good news for Penang. IKEA is opening in Penang. In fact, it is a good news for Perakians, Kedahans and ‘Perlisians?’ too. This is because they no longer need to drive like crazy, buy a few things in IKEA and then drive … Read moreIKEA and Batu Kawan – buy now?

Even more new malls coming up in Klang Valley

Every weekend, I would go shopping, I meant window shopping. Anyway, the main destination is still shopping malls. I have only a few favourites. Number one is 1 Utama, followed very closely by Sunway Pyramid and then Mid Valley. The rest are just too far for my liking since I stay in Kelana Jaya. I … Read moreEven more new malls coming up in Klang Valley

Property prices – 10% up for 2014?

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?

Condo market in Ipoh

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

With RPGT, no more property investment

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

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