Author: Charles Tan
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Property prices on the decline says PropertyGuru
Press Release by PropertyGuru.com.my – PropertyGuru: PropertyPrices On the Decline PropertyGuru Market Index indicates quarterly price dropsfor three consecutive quarters in 2018 Prices have declined every month save forFebruary, June, and October 2017 KUALA LUMPUR, 26March 2018 – The PropertyGuruMarket Index (“PMI”) which tracks the asking prices of homes in Malaysia shows a continued decline in…
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Property market recovery only in 2020 / 2021
Should we be happy if the current lacklustre property market is expected to recover only in 2020 or 2021? Many may actually be hoping so because this would help salary increments to catch up with property price increases. You know, those complaints about property prices being WAY TOO HIGH? Or that due to it being…
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Lower gearing for MRCB after Kia Peng land sale, two more to go?
This is a developer listed in BURSA with a market capitalisation of over RM4 billion. It is the Project Delivery Partner (PDP) for Kwasa Damansara. Reported in many media recently. Malaysian Resources Corporation Bhd (MRCB) is selling a piece of prime lan along Jalan Kia Peng here to the Social Security Organisation (Socso) for RM323mil.…
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Low pay and property investment, how ironic!
Yesterday, I had dinner with a senior manager of a top developer in Malaysia. He told me that he intends to buy another property for potential capital appreciation. He already owns more than 2 properties, so it’s not that easy to buy another one but he is doing his best to ensure the bank approves…
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Q3 recovery for Sabah property market. Launching value lowest since 2013
According to SHAREDA’s President Mr Chew Sang Hai, the value of new property project launches in 2017 reached its lowest record since 2013. There was a total of only RM1.5 billion launches in 2018. Reasons include developers encountering difficulty in sourcing for business finances and seek for alternative end financing for property buyers. He is however a…
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Over 600,000 units on offer in Malaysia’s largest home expo @ PWTC
Still without a property to your name? Getting one may not be a dream. However we must take some actions to find out more. It does not need to be just one affordable housing programme. There are lots to choose from. It’s the time to drop by one expo with over 600,000 units on offer.…
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IOI Properties leverages on mobile technology for benefit of community
Two weeks ago, when I visited a friend, she sent me an URL via Whatsapp which will grant me access to her gated and guarded community. I only need to click on it to get a barcode which the guard will scan and then allow me access. I think this will be the trend because…
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Are you waiting to buy a property? Me too.
Do you like property as an investment? I do. Do you believe over time, property prices are going up? I believe so. Are you waiting to buy your first property or the next property? Me too! Many times, property investment surveys start this way. Respondents also answer accordingly and thus the survey results would usually…
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Online Bidding (Penang properties). Up to 35.8 percent below market value.
Online Bidding Auctions for March 2018 by MNP Auctioneers (Central) Sdn Bhd. State: Penang (Ayer Itam, Batu Ferringhi, Paya Terubong, Gelugor, Bukit Mertajam), Kedah (Sungai Petani) Property types: From apartments to semi-detached properties and even bungalows Reserve price(s): Up to 35.8 percent below market value. Please refer below for full details. NOTE: All these properties…