Author: Charles Tan
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Price to drop? Yes, if we sell lower than the price we bought.
We bought a new smartphone 6 months ago for RM1,600. Today, a new model is launched and is also priced at RM1,600. We fell in love with the new model and wants to get one to be ahead of everyone else. (I do not encourage this yeah.) When we sell our 6-month old smartphone, we…
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Runnymede group’s Ritz-Carlton Seafront Hotel in UNESCO Penang Malaysia
Press Release: RUNNYMEDE GROUP SIGNS MOU WITH RITZ-CARLTON FOR SEAFRONT HOTEL IN UNESCO PENANG, MALAYSIA Niche property developer Runnymede Group of Companies (Runnymede Group) has signed a landmark MOU with Ritz-Carlton, the famed luxury and lifestyle hotel and resort brand, for the management of a luxury hotel and residency units within the Runnymede Place development in…
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Budget 2019 & The Impact on Properties: Strategies Moving Forward
Last week, Miichael asked me about Budget 2019 and we had a good conversation on what we thought about the property market beyond Budget 2019. The government’s focus is focused on helping first-time home-owners get a property. How would it affect the unsold properties in the market today? Should I sell my property which I…
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Benchmarking the richest people in the world?
If we look at the wealth of a country and divide it by the number of people living in that country, the country with the highest wealth per population is Switzerland. The wealth per adult is US$530,244 (RM2.22 million). The lowest in the top 10 list would be the French with US$280,580 (RM1.17 million). Australians…
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Finance Ministry: FundMyHome NOT a monopoly
I have been speaking to a number of property people in the industry. The question most of us have is when will there be other FundMyHome kind of initiatives by other companies. Currently we have just one which was officially launched by Finance Minister Lim Guan Eng two days after he gave his first Budget…
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Income has to catch up because prices will not fall
When it comes to Personal Finance, it’s down to PERSONAL issues. It is usually not determined by Budget 2019 or the government. For example, I wish my job is easier. However, at the same time, I wish my salary is also higher. Briefly, when someone in a cheaper cost country could do what we do…
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Uncertainty is never good for the economy. Reminder to all.
I am against Brexit. I do not think going it alone is going to be beneficial to any country in the European Union. I know there are lots of reasons for and lots of reasons against and that it’s the decision of the majority (of those who voted). By the way, there were enough NON-voters…
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The key driver for property demand will always be affordability
Every new iPhone launching comes with an ever higher retail price. Ever wondered why? If we believe it’s because it’s very good, then please ask those who bought Samsung, Huawei or Oppo for their opinions too. (I did not say it’s not good yeah.) Actually, the main reason for the price increase is ‘affordability.’ Within…
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RPGT of a few hundred thousand? Here’s how you calculate.
Many are worried that they will be taxed lots of money when they sell their property in the near future. After all, 5% Real Property Gains Tax (RPGT) is now applicable even if we sell the property only the end of 5 years. Assuming we sell a property for RM2,000,000 today, the 5% RPGT means…