I read an article in TMI quoting REHDA (Penang), Dato Jerry Chan as saying that prices of land in Penang is still rising and the latest one being RM1,200 psf which was the state government’s land swap deal with Consortium Zenith BUCG which is building the mega RM6.3 billion undersea tunnel and three highways. RM1,200 … Read morePenang property prices still going up – REHDA Penang
The new housing rules caught a lot by surprise. Perhaps even politically motivated. You can also say it stops genuine buyers from selling their home but if you are genuine buyers, why would you buy a medium cost house and try to sell it within 5 years? You suddenly become too rich and needed to … Read moreNew rules to contain potential property bubble in Penang
A friend of mine who is a sales manager in an online company told me that she earned 50% profit the other day as soon as her new property was completed. I said, do you own the property or are you paying loan for it? She said she paid just 10% for the property which … Read moreNew property prices up 50%, how much is your profit?
After reading my article on Hong Kong properties, a friend said he did not know that Hong Kong properties are that expensive. What about Singapore properties? Let us look at the same criterias again, 700sf, lowest and highest. As usual, online is our best teacher. Stats from www.propertyguru.com.sg Looking at the numbers, it does … Read morePenang property vs Singapore property?
Yesterday my friend who’s a manager with an insurance company asked, ‘do you think Penang property prices will be like Hong Kong in the future?’ I seriously DO NOT think so but it gave me an idea to just do some homework and share with everyone. We often see TVB serials where the typical family … Read morePenang property vs Hong Kong property
I read an article recently about buying properties next to cemetery. I would think any sane buyer would definitely avoid buying next to the cemetery. However, I have to admit that two of my properties happen to be nearby or opposite cemetery. How did both of the properties fare thus far? Well one has given … Read moreBuying Penang properties near cemetery?
Is it all rosy with Penang properties? I think the long term outlook is positive but according to a lot of my property friends, there has been a slowdown in Penang property market in terms of transactions. Due to all the new measures being introduced, some of the buyers felt that they want to wait … Read moreGloom and doom for property market?
What has happened in the Penang property market in November 2013? Here’s a digest of the news reports. 🙂 Shared Ownership Scheme – Chief Minister Lim Guan Eng launched a scheme to help low-wage earners buy their own home through a Shared Ownership Scheme. For those who qualify, 30 per cent interest-free funding would come from … Read morePenang Property Digest – Nov 2013
15 years in Penang. I worked with 3 different organisations based in Penang. My wife and I got married in Penang. My baby was born in Penang. From just Sunshine departmental store until today when Penang has Queensbay, Gurney Mall and Paragon Mall, Penang has continuously changed and if I may add, for the better. Without … Read moreWhy buy Penang Property – my personal reasons
When it comes to the Pearl of the Orient, Penang, many people have their opinions on affordable property. Some say affordable property is below RM400,000. Some say, nothing more than RM250,000. Today, let us look at properties available to you if you can only afford a property in Penang of just Rm250,000. For an easier … Read morePenang Property market – around RM250K