I received two Whatsapp messages just yesterday. I really do wonder why people would want to create them and why there are people who love to forward these kind of messages. One came with a photo of the EPF’s building on fire and said something along the lines of “6.9 percent announced yesterday. With this … Read moreEPF’s returns? 6.02 pct over past 10 years. 6.37 pct over past 5 years.
My first property, a 730 sq ft apartment was purchased from the secondary market for RM123k. That was 13 or 14 years ago. I spent RM25,000 on renovations and electrical goods. Yes, only RM25,000 because it was already a renovated unit. The current home I stay in was also bought from the secondary market over … Read moreWhat’s wrong with buying a secondary property today?
When property prices go up, the main reason is usually due to supply issue. There are not enough, thus prices go up. How true is this? Of course, there are also the issue of too much demand on certain areas while there are insufficient demand on other secondary areas. I wrote an earlier article about … Read moreWhat’s pushing up house prices? Housing supply issue? No….
Approval rates are easily above 70 percent thus far, for all states. Hard to believe? Take a look for yourself or read here. In fact, only for the first 9 months of 2017, a total of RM57 billion were approved by banking institutions to 142,558 first-time homebuyers. Here’s that article in theedgemarkets. According to Deputy Finance Minister … Read moreFinancing options for first-time home buyers?
Healthy banks in Malaysia are crucial to the our property market. Imagine if the banks are fighting fires daily, there’s no way they will be encouraged to lend to people who want to buy property. I know some wants to say that even now getting a loan is extremely tough. However, bankssay they are still lending … Read moreStable bank performance expected in 2018. Positive.
Remember just the other day when the government decided to freeze ALL Luxury and commercial projects within KL? There were supporters actually who said that this will help to reduce the current oversupply, which is really the commercial offices as well as luxury units. Perhaps not immediately reduce but after a couple of years perhaps. … Read moreU-Turn(s)? Or better common sense
My next home will be even further away than my current home. I am quite sure of it. Give me a few more years. A working professional can’t be moving every 4-5 years. I have little choice because I hope to spend less and not more and the only way to spend less is to … Read moreDuration, key consideration and choices expansion
Someone forwarded me a message which says the Bank Negara Malaysia (BNM) is saying that the homes in Malaysia is unaffordable. Here’s that article in TheStar.com.my. Homes just aren’t that affordable. I think what BNM is trying to say is that there are more that could be done instead of asking banks to lower their … Read moreUnaffordable homes will come true, one day.
Press Release: Sime Darby Property hands over RMMJ affordable homes to purchasers — start — PASIR GUDANG, 23 October 2017 – Sime Darby Property Berhad has handed over affordable homes and shops under the Rumah Mampu Milik Johor (RMMJ) scheme to purchasers at Taman Pasir Putih today. The development, the first RMMJ project for Sime Darby Property, … Read morePress Release: Sime Darby Property’s RMMJ affordable homes ready
Auction Announcement by MNP.com.my Anyone in the market looking for a condo for less than RM350k? Well, here’s one good news. There’s an auction coming up and the price actually starts even lower than RM350k. It’s at RM338k and this is 15 percent below market value. An even better news? This is a sale by … Read morePenang island (central location) condo at RM338k? (15 percent below market price)