Author: Charles Tan
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IKEA Penang opening in 9 months time. New catalyst?
Let’s answer this question at the end yeah. “With IKEA coming, should I buy a property nearby?” For now, let’s just celebrate this piece of news. IKEA Penang is recruiting and they need 200 new positions at its Batu Kawan Penang store. For those who do not know who is IKEA, it’s my favourite store.…
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Upcoming sharing: Property prices are too high & oversupply in the market. Still invest?
I will be speaking in iProperty.com.my’s Home& Property Investment Fair in Mid Valley Exhibition Centre from 20 – 22 July 2018. My session is on Sunday. (Hopefully it’s save the best for last?) For this talk, I will be sharing something that’s on the mind of many people. On one hand, the market is slow…
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Penang’s 10.5km tunnel. 15 mins from Gurney Drive to PIA. Super.
I have missed my flights from the Penang International Airport (PIA) 3 times. Twice was simply due to my mistakes but the very last time was due to the super heavy jam from Gurney Drive all the way to the PIA. The journey took 1 hour and 15 minutes. I was late by 5 minutes.…
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Property price will increase in H2 2019? Why is that so?
Anyone here wants to speculate on when will the property prices be rising again? By the way, property prices did NOT go down for the past few quarters even with lower transactions, slower market, negative sentiments and that political uncertainty which has at least passed by peacefully. Here’s that earlier article right after the GE. As…
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30 years, 11,636 acres and RM290 billion of investments. (plus 1.38 Million of jobs)
Economic growth is essential to our property investment. Please be reminded that if we have no confidence with the Malaysian economy, it’s best not to start our property investment journey. Seriously. We have access to so many other countries’ property markets. Without more investments creating more jobs paying higher salaries, there will be no growth…
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Property prices affected due to LRT 3 cancellations? (6 stations)
Did the news of the cancellations of LRT 3 stations affected you? Perhaps worried if the property prices would drop due to this new development? Anyway, the cost was one main issue why some of these stations were axed. These are the six stations which will not be constructed. Anyway, with regards to the worry…
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Taking care of our CREDIT Health is essential. Free 3 Months of JagaMyID
Did you know that 61 Malaysians become a bankrupt every 24 hours? (Insolvency Department). In fact 58 percent of these are below the age of 44 and there are three major reasons why they became a bankrupt – Inability to pay car loans (Nothing to be ashamed in driving a secondhand car and nothing to…
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Should I sell since my rent could not cover my mortgage?
A good friend asked me recently this question. She has a condo and she’s upgrading to a landed. (Haha. Ok, ok… condo to landed is considered an upgrade for this article.). She said, “I am moving out and the potential rental for the condo is insufficient to cover the monthly mortgage plus the maintenance fee.…
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People power versus millions of compensation? Not an easy answer.
Remember the “fight” for a football field in Kuala Lumpur? Specifically in Bandar Tun Razak? In brief, the Kuala Lumpur City Hall (DBKL) sold a piece of land to a developer to build high-rise units; four blocks, two of which are for low-cost flats in 2017. The 40-storey building on the 2.09ha land will have 1,814…
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Increasing prices for foreigners will ‘push’ developers to build more affordable homes?
Do we know how many percent of the property transactions in Malaysia were due to foreigners? (non-Malaysians). Is it true that foreigners are buying too many properties in Malaysia and thus pushing up its prices? By the way, foreigners are buying into Melbourne’s properties in huge numbers. Earlier article here: Foreign purchase of Melbourne’s properties …
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HSR KL – SG could be continued but only if …
HSR – KL – SG continuous news update. Okay, is it now a YES or was it still a NO, it will not proceed. It was a NO (cost is just too high, benefits may not meet those investments), then followed by an alternative; probably a slower connection at much lower cost. Here’s that article:…