Author: Charles Tan
-
Kids are really ‘rich’ these days. In future, ‘poor’ for property?
I had a dinner appointment in Plaza Batai, Bukit Damansara, KL with a bunch of university mates (juniors). Since I arrived very early, I dropped by Yellow Brick Road for a drink. The Mixed Berry Lemonade is RM15. I think it’s expensive but still better value for money than the bottled fruit juices in Starbucks.…
-
NET PROPERTY INCOME FOR SUNWAY REIT INCREASED BY 10.1%
Press Release by Sunway REIT – Nine Months of Financial Year Ending June 2018 FINANCIAL RESULTS ANNOUNCEMENT NET PROPERTY INCOME FOR SUNWAY REIT INCREASED BY 10.1% FOR THE NINE MONTHS OF FINANCIAL YEAR ENDING JUNE 2018 Key Highlights: o Healthy revenue growth of 8.7% year-on-year to RM424.2 million for the 9M FY2018, supported by growth…
-
High-end properties are in demand. Lively secondary market.
Bungalows are considered a luxury property and actually even landed properties in some exclusive neighbourhood can be pretty expensive. My personal definition of pretty expensive luxury? Anything above RM3 million. Just last month, a detached home was sold for RM5.25 million. The buyer said that the home was in a very exclusive neighbourhood and behind…
-
When earnings are low, ability to buy is limited too.
Do you know that only 32 percent of the total working population here in Malaysia have tertiary education qualification? That’s a minimum of a diploma or higher. If you are reading this and has a degree, you are already within the top 20 percent of all working Malaysians. I assume half of the 32 percent…
-
Let’s wait for the next property bubble to burst, shall we?
A long time ago, a good friend who’s a senior management of a U.S. MNC based in Penang told me that he intends to buy a property when the bubble bursts. However, he does not know at what price would he enter the markets. Well, 2008 mortgage crisis came and left. In 2009 in Penang,…
-
Johor Bahru attracting lots of foreign retailers! People and economy.
It’s safe to say that if I am a foreign retailer brand and coming into Malaysia for the very first time, Kuala Lumpur would be a natural start. The first reason is of course because that’s where majority of all brands are. The more ‘profitable’ reason is that that’s where the population growth is. If…
-
Lots more new brands to enjoy, really. Cheaper and better please.
Here’s one article not too long ago. Closures ALWAYS point to ‘tough outlook’ Coming back to just days ago, my old friend is still insisting that the Malaysian economy is in trouble and that if the election result is not up to his expectation, Malaysia will go bankrupt within 5 years. Anyway, everyone’s entitled to…
-
When we are 60, just have a RM1,000,000 property, possible?
My parents bought a RM85,000 property in Ipoh 30 years ago. It is currently RM540,000. It took 30 years for that home to reach RM540,000. Still worth buying? The answer in short is, YES. Imagine if my parents chose to rent instead of buying that semi-detached property (which was not that common even then) in…