Time to rejoice for potential homeowners says an article in TheStar. Our Finance Minister Lim Guan Eng said, “We placed the exemption because we want to boost the real estate sector. We hope to see a fall in new house prices. Otherwise, we will consider re-imposing the SST (on developers).” He was speaking to reporters at … Read moreFinance Minister says not too much for 10% discount from SST exemption
A colleague asked me about advice on some education savings fund. I told him, honestly, whatever fund you intend to start saving for your new baby’s education, it should be complemented by a property strategy. Then, I asked him, how much do you think is enough for an education fund? He said if overseas, half … Read moreSaving up for your baby’s future? How about ‘saving’ via property?
My friend visited me the other day from Penang. Born, schooled, got married and working in Penang. A pure Penangite. She went shopping and at 545pm, she travelled from city centre back to my condo in Damansara Damai within 40 minutes. There were some slow jams here and there. When she arrived, I asked her … Read moreIt’s the duration, not the distance. ok?
A senior manager colleague shared with me that over 10 years ago, he bought a shoplot. In his mind, he was thinking BIG. Despite just starting, he aimed at commercial property due to the potential huge profit. Alas, nothing happened after it was completed. He thought it was the worst investment he has ever made … Read moreBuying properties? Think big, start small, my view
Recently, a friend told me that she reads my blog quite frequently these days. Quite a lot of interesting articles and her goal is to buy a few properties within a short period of time. When I asked her, ‘when?’, she just laughed. She asked me to teach her. I told her honestly, if she … Read moreBuying a property – Four questions to answer
Still remember last year, before GST many people advise that we should buy properties soonest because with the impending GST, prices will rise further. If we buy later, the GST would have been factored in and the prices even higher. Whatever advice that you hear from any consultant, famous speakers or even best selling authors, … Read moreBuy property asap or don’t buy? You decide.
Johor MB Mohamed Khaled said there is absolutely no truths in reports about JB having a casino. The reports in a few online portals are mischievous. Nevertheless he admitted that the approval is not for state to decide but it’s from the federal government. He completed his views on casino by saying that even if the … Read moreIskandar will not have a casino
A friend said, with my salary there is nothing I could buy. It is time me to look for a job in Singapore. I look at her and replied, yes, for you I also think it is best that you work in Singapore. I do not think she is someone who works very hard or … Read moreBetter career, more money in Singapore
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
A friend told me that she could not rent out her flat. She said she bought the flat long time ago and until now still not rented out. On and off she would bring potential tenants but none of them wanted to rent. I asked her a few questions and she told me this, ‘everytime … Read moreProperty buying – objectivity matters