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Property bubble in Malaysia

On 17th October 2013, National Property Information Centre (NAPIC) reported that the average housing completion yearly was 100,000 units relative to the average annual household formation, which was 140,000. On 25th October 2013, in The Star, according to Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan1.7 million households yet to own houses’. He also … Read moreProperty bubble in Malaysia

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Iskandar, RM1 million onwards

Some say this will stop Singaporeans from buying. Some say this will have no effect whatsoever. My friend who’s a HR Director said this when he tried to hire an American expatriate to join a US MNC in Penang. ‘I will triple your retirement funds immediately’. What he meant was, if the American comes to … Read moreIskandar, RM1 million onwards

Start as young as you can

The best time to plant a tree was 20 years ago. The second best time is today. Time is the only thing that we could not buy back once it is lost. Irregardless of what kind of investment that you do, it is best to start as early as you can. What’s the age that … Read moreStart as young as you can

Dont buy leasehold property

I have to be honest, if prices are exactly the same and the location is the same, I would take freehold anytime. However, if you noticed, leasehold properties are typically cheaper. Perhaps 15-20% cheaper sometimes. Most of the time, the leasehold properties are also in good areas. As an example, Kelana Jaya. A friend buying … Read moreDont buy leasehold property

Property prices are too high in Penang

A friendly reminder. There are potential for a price fall for high end condos. For example, those which are over RM1 million and above. Demand may not be enough to support the oversupply. However, for those who are waiting for the RM500,000 condos to fall back to their original level of RM300,000, I personally feel … Read moreProperty prices are too high in Penang

Debt Free, really?

Everyone loves to be debt free. Truth is, I want to also be debt free. However, one level above debt free is financial success. Debt free is not financially successful? If you bought a RM500,000 property, takes up a 15 years repayment period and finished paying everything in 10 years. You are now debt free … Read moreDebt Free, really?

White Coffee – Keng Nam Coffee Shop, Ipoh

I love white coffee, both ice and hot. Iced white coffee in Keng Nam however, is, well, just barely meets my personal minimum standard for white coffee. It’s ok though as they are famous for their curry/kaya glutinuous rice which you must try. As well as the dry curry mee which is good but not … Read moreWhite Coffee – Keng Nam Coffee Shop, Ipoh

Property downpayment – own stay (updated)

When a colleague and I had lunch recently, she said she is saving money for a property. I asked her, what kind of property. She said, I am not sure yet. Once I have enough savings I will then look. I asked her how much is enough. She said she has yet to identify. Actually, … Read moreProperty downpayment – own stay (updated)

Uncle Lim’s @ MYDIN and Subang Parade

For the past 2 years, I have been looking for a good franchise business. My sister said she wanted to the branch manager for it. We have evaluated and discarded many and until today has yet to short list any. So, when I saw Uncle Lim’s cafe, I feel that I must try. Their famous … Read moreUncle Lim’s @ MYDIN and Subang Parade

My first condo buy – Regency Heights

A close friend who’s a senior management in a US multinational said, ‘It’s not a good time to buy property now, I heard many people said the bubble will burst soon. I will wait until the price comes down and then I will buy’. I just smiled. By the way that was 6 years ago. … Read moreMy first condo buy – Regency Heights

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