Author: Charles Tan
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Property market Malaysia is worse than 1999?
I have received / seen this piece of news a few times. “NST: Developers expect glut in property market this year” and here’s another one, “Edgeprop.my: Developers foresee dark times due to glut, worse than 1999 crisis” Somehow, everyone loves negative news. Even for kopiandproperty.my, every time I write about bad news, the clicks go…
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IOI’s LiVO Referral A Hit With The Public
Press Release: IOI’s LiVO Referral A Hit With The Public Introduced in November of last year, the IOI LiVO Referral Programme has enjoyed anencouraging response, recording more than 1,000 registrations by interested members of the public. Participants simply need to refer their friends and leave the rest to IOI Properties, and there is no limit…
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Impossible to afford a property? Never.
Anyone has this thought on their mind? What happens when property prices become higher than ‘severely unaffordable?’ Basic idea is that when the median property price is 5.1 times the median household income, it becomes ‘severely unaffordable.’ Calculation as follows: Median Income per year (RM100,000) x 3 = RM300,000 (This is affordable but usually not…
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6-month stamp duty exemption to all, not just first-timers (good suggestion)
Penang Rehda chairman Datuk Toh Chin Leong is urging the federal government to consider opening up the 6-month stamp duty exemption to all house buyers instead of just first-time purchasers. Article in TheMalayMail.com He shared that the association has submitted the proposal for the government’s consideration. He said, “We welcome the government’s move to introduce…
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Scamming in property. Haha.
When a deal is too good to be true, ask ourselves, why was it given to us. If our parents are the ones offering it, then surely it would be true. If it came from someone whom we have trusted our whole lives, it may be true. If it came from someone we barely knew…
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Mont Kiara condos below RM600 per sq ft?
Mont Kiara is one of the most popular areas for property in Kuala Lumpur. Sorry to disappoint you. I do not have units in Mont Kiara for sale under RM600 per sq ft. I asked a few agents too. They have none, at this moment. However, I am very sure of this: As soon as…
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Now I can buy Penang affordable properties too. (I am not a Penangite)
Once upon a time, the affordable homes in Penang were only available for sale to Penangites. Not even for someone who has worked in Penang for 15 years like me. The buyer(s) must be Penangite. The affordable homes come with an attractive price tag too. The price range are between RM150,000 and RM300,000 on the…
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National Housing Policy: What’s the focus?
When it comes to the property market, the 4Ps (People, Price, Policy and Preference) will always be in focus. When the issue is a national one, then the P (Policy) comes into focus. This is the only way to get both the public and private sector to work together for the benefit of many. National…
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Market is soft, yes. Right location and right pricing sells, still.
Developers are doing more to attract property buyers. Let’s not waste this window of opportunity. Selangor State Development Corporation (PKNS) held a media conference recently to announce their Mega Bonanza Promotion. I learnt that the acting CEO Norita Mohd Sidek shared similar thoughts as me and many property people in the industry. Norita shared to…
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What is uncertainty? These few things, maybe?
After I published this article: Uncertainty is never good for any market yeah, someone asked me if there are any uncertainties in Malaysia. Frankly? Yes. Recently, I was at Dato’ Seri Gavin Tee’s Property Forecast Talk 2019 and someone (a property investor) I spoke to thought High Speed Rail (HSR) has been cancelled. I corrected…