Before I start, I need to remind everyone again that there is really such a thing as “Law of Attraction.” Somehow, we always seem to attract many people who’s just like us. Our friends… our colleagues… our tenants… They are like us! Be good to people, usually they will be good to us too. I give you a real conversation as below with one of my awesome tenant in Kota Kinabalu.
As a well-known gastronomic hotspot in South East Asia, it was great to read that Malaysia has been finally validated on an international scale with the Michelin Guide covering two wonderful culinary hubs, Kuala Lumpur and Penang – 32 restaurants obtained the Bib Gourmand and 4 restaurants obtained a Michelin star. Malaysian cuisine is one of many traditional attractions for tourists together with its lively cultural scene, museums, majestic tropical rain forests, and some of the best islands and beaches in the region.
I have been to Bali many times. First time was for a Toastmasters’ Conference. Second time was with wife. Third time was with my whole family including my parents, brother, sister and their spouse. Fourth time was with my wife’s family; my in-laws. So, you can safely say I love Bali. In fact I do think I will be back there next year. It will be a toss between Phuket and Bali since I would like to go to Hong Kong too. Cannot afford so many international destinations. Must manage the budget lah. However, Bali’s tourism may be affected somewhat yeah. Why do I say so? Read on about a new law in Indonesia.
I bought my first high-rise unit in 2003. It was then followed by another high-rise and another and well, high-rise units in 6 cities / towns in Malaysia. I only bought my first landed property in 2020 yeah. So, 17 years of just high-rise units. Did I have any price appreciation at all? Haha. When I speak in any events in the future, do ask me yeah. Will tell you all about it. In the mean time, let’s look at actual numbers from iProperty.com.my’s latest media release.
A friend thought Hong Kong is still under strict lockdowns. He thought people are still staying home and shops are under restrictions etc. I think I need to explain on behalf of Hong Kong which has just moved into 0+3 travelling arrangement just a few weeks back. I think it’s fair to say that despite some inconveniences from the 0+3 arrangements, it is relatively easy to travel to Hong Kong and even moving around Hong Kong when we are there right from the first day we arrive.
Everyone wants to buy undervalued property. People who wants to start investing wants undervalued property. People who has been investing would want to buy undervalued property. People who does not know what they want to do with property investment also wants to buy an undervalued property. I must share this classic conversation with someone who wants to buy an undervalued property. Happy reading!
Property Transactions Malaysia. First of all, thinking that Malaysia is in a crisis because US$ kept appreciating versus most of all currencies including Malaysia is not clever. Just in case anyone wants to know, British Pound reached a 35-year low versus the US$. AUD is at 2.5 year low versus the US$. Japanese Yen is at 24-year low versus the US$. Euro is at 20-year low versus the US$. I think the whole world will all be in a crisis except one country? 😛
Let’s look at the Total Overhang Units to have an idea how many residential units are actually classified as overhang. Overhang property unit is defined as units that have received their Certificate of Completion and Compliance but remain unsold for more than nine months after launch.
Too many people are trying to ‘sell their business or their programme’ by harping on ringgit’s depreciation versus the US$. It’s like if anyone are still foolish enough to invest in Ringgit based investments, it will be the end of the world for them. (the investors). By the way, I remain extremely confident with the Ringgit especially currently when Ringgit is definitely undervalued if we look at the trade surplus. Countries with trade deficits, their currency should drop! Else we are no longer talking about fundamental and more on speculation.
We have the internet which continues to have an explosive growth in users and penetration. We also have property development where many are being pitched as self-sustaining new townships where people could work, play, grow and even have fun without the need to drive to the city centre everyday. Now there’s this new term called Internet Cities which I read for the first time. It’s something which Iskandar Waterfront Holdings Sdn Bhd (IWH) and Catch Group Sdn Bhd is exploring together.
Putrajaya – The most anticipated moment is finally here! IOI City Mall Phase II will be opening its doors for patronage on 25 August 2022. Strategically located at IOI Resort City, it enjoys a potential population catchment of 3.1 million from nearby townships in southern Klang Valley, namely Putrajaya, Cyberjaya, Kajang, Bangi, Sepang, Puchong and Seri Kembangan. Furthermore, it is approximately a 30-minute drive from the Kuala Lumpur International Airport (KLIA), making it an attractive retail and entertainment hub.
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