Author: Charles Tan
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National Housing Policy – social renting, private renting and ownership
It’s very important for the government to have programmes for the B40 households. If this household really could not yet afford paying for a home via mortgages, then getting them to pay the lowest rental possible is necessary. The reason is because once people pay too high rentals, they have no savings for future. In…
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RPGT is to be calculated based on value from year 2000, not before.
I think my good friend in Penang will be slightly happier. He was asking me about the properties he acquired long ago which he needed to dispose now for his daughter’s tertiary education. He will ‘lose’a lot due to the sudden announcement of the 5 percent Real Property Gains Tax regardless of how long one…
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Press Release – Stonor3 Awarded GreenRE Gold Certification (Provisional)
Press Release – Stonor3 Awarded GreenRE Gold Certification (Provisional) A golden opportunity for buyers looking to own a piece of Green Property right in the heart of Kuala Lumpur. 23 November 2018, Kuala Lumpur – Stonor 3 KLCC, a freehold development in the heart of Kuala Lumpur City Centre by Tan & Tan Developments Berhad, has…
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Luxury properties KL? Rising up but much slower than average.
Prime Global Residential Cities Index Q3 2018 launched by Knight Frank showed that the price of luxury properties rose 2.7 percent on average across 43 cities. This represents the WEAKEST performance in annual terms for almost 6 years. Article in NST here. Knight Frank Asia-Pacific head of research Nicholas Holt said: “Prime residential markets continued to slow…
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Too many shopping malls and retail scene are NOT the same
I think if we ask just about anyone on the street if there are way too many malls here in Greater Kuala Lumpur, the answer will have to be a Yes. By the way, Penangites may say the same thing. They are just two prominent malls there, the rest are trying their best to get…
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RM4,000 is equivalent to an extra RM70,000 worth of ‘property’
Buying a property with our own money, that’s most important. Our own money should usually come from savings over a couple of years. It can come from our parents too but should not be from some other speculative sources. This ensures the property price do not rise suddenly. When property prices rises too fast and…
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From 12 rooms to over 200 rooms. Penang Hill gets exciting.
I am pro-development. Sorry to all those who are not pro-development. Let’s agree to disagree for this one. However, I am against over-development yeah. I am also against development without a good business plan which ultimately will kill the project and cause even more issues. Today, we talk about Penang Hill. There will be two new…
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Rental housing for B40 under Residential REIT by Rehda
Without a property, it’s usually poverty when one retires because by then, the income has stopped and yet one still has to pay for monthly rental. However, it is equally important to note that the downpayment is a huge issue and many times, rental is the only option a household may have at this point…
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iPhone’s softening demand drags down world stock markets?
iPhone users are typically very loyal to the brand. They may be proud to learn that iPhone is a very powerful device. Nope, not talking about its specs. The power of iPhone in affecting world stock markets. Here’s that article saying so in TheStar: Apple, trade woes sink global stocks; growth worries drag on US$ Due…
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Another RM1.88 billion coming into the property market
It’s always good to note that while sentiment among the first-time home buyers are not that positive, there are a lot of investors who have a firm belief with the long term potential of the Malaysian property market. Earlier article here: RM10 billion by CPCG into the Malaysian property market Now, we have another one.…