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?
Two more reasons given by Mr Stephen Soon, the chairman of Penang Auctioneers association and MD of MNP Auction Team as below. Property investment is about ROI. Return on Investment. Today, when you buy any property, you are faced with Real Property Gains Tax. This would severely deplete some of your gains or even make … Read moreBuying auction properties – Part 2
Today, a Penangite friend asked me, what are my thoughts on auction properties. To be honest, I have never bought any auction properties before. However, I remember some points from a talk I attended before some time back. It was by Mr. Stephen Soon, the Chairman of Penang Auctioneers Association and MD of MNP Auction … Read moreBuying auction properties – Part 1
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.
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
How could it be? There are no huge industries. It is not an education hub. Even tourists are few and fellow Malaysians said Ipoh is a city for the old folks. The airport is so small that no one knows Ipoh has an airport! Private hospitals? Yea, as if the patients would want to fly … Read moreSingle storey semi-detached in Ipoh at RM500k?
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
We read about slowdown in transactions. We also read about oversupply of high end properties. We have read about potential property bubble. Imagine my surprise when I read a report in Propertyguru.com.sg by LTC (NS) Mohamed Ismail the CEO of P&N Holdings. It was announced that over 95% of new launching in November in Singapore was … Read more95% of all property launches sold – Singapore
With the whole Malaysia property transactions going down except for Iskandar as at November 2013, what may happen to the new launches next year? I read comments by DTZ Nawawi Tie Leung executive director Brian Koh in The Star. He said, ‘Developers are likely to launch less projects, downgrade specifications, reduce sizing, squeeze on construction costs, and … Read moreNew project launches in 2014 – what may happen?