Author: Charles Tan
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Fake news? I must write about it too, right? Property market ones.
I hate it when people reply me, ‘no harm in sending first, who knows it may be true?’ as soon as I tell them that the news they have just forwarded has been proven to be fake THREE years ago. There’s this article in TheStar by a writer called Dzof Azmi. I have to say that…
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Of bubbles, declining prices and mortgage defaults rising. (It’s a cycle)
After years of cooling measures recommended by the Bank Negara and even responsible lending policies by all the banks, the average home price increase in Malaysia is actually dropping for most states except for Johor. Take a look at the image showing the Q1 2017 versus Q2 2017 and vs the average for the past 26 years.…
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What a day of happiness for everyone in the property market
Date: 1st April 2018 It was reported in the media just this morning. According to the Minister of Property Affairs and Affiliation, Ms. April Hoo, the government will be taking the following proactive measures to ensure everyone gets their first home, everyone gets to upgrade their homes and anyone preferring a landed property will get…
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Potential to reach RM3.75? As usual, it SHOULD depend on trade.
The following was said by Standard Chartered Bank chief economist for Asean and South Asia Edward Lee. “US dollar is generally still overvalued and in Asia, the ringgit is one of the currencies that is undervalued against the US dollar.” He is a chief economist for a world renowned bank. Here’s that Full article in FreeMalaysiaToday…
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Which is better for your property investment’s security? MRTA or MLTA?
Secure whatever we own, literally. Perhaps a lock or even a safe could do that for some valuables that we have. Protect what we have right from the beginning. As they say prevention is better than cure. Health is wealth, agree? Well, without investing a bit, it’s hard to protect our wealth if something happens…
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Property prices do not change just because asking prices are falling…
A negotiator friend from Penang told me that some buyers do not trust property negotiators. After his sharing, I think it’s important to note a couple of things, whether it’s the negotiator, the asking prices and even the final transacted prices. When we want to sell our home and the real estate negotiator tells us…
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Financial risks, household debts and lower income households
We should always be mindful that high household debts vs the GDP is dangerous to the economy. Everyone tells me this all the time. This is especially when the household debts are growing faster than the economy which meant that one day in the future, it may be higher than the GDP. So, the trick…
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AFTER general election, the property market transactions to increase
We should always leave the predictions to property experts. So, who are the experts? Actually, most of us are property experts in our small way, especially those who stay in some not so popular areas. Haha. You would know exactly about new shop openings in your area. In fact when McDonald’s and a new bank…
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What a life! Well, I need to take care of them, I guess.
It was an hour before the TTDI Toastmasters Club meeting. (Yes, they are an awesome club) I was having my dinner at Burger King and inside the whole restaurant were only 6 customers. 1 guy (that’s me), 2 guys at the same table (should be fresh grads) and 3 girls (should also be fresh grads who…
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When units on my left and right are auctioned off…
Are there many units being auctioned off by the banks these days? With the slowdown in the market, many owners who overstretched themselves a few years ago due to Developer Interest Bearing Schemes (DIBS) may now feel the heat. What happens when we own a unit within a development which has just been completed a…