Author: Charles Tan
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RM3 billion target by Sime Darby Property with new launches
As a company, Sime Darby is well known as a palm oil producer not just within Malaysia but in the world. As per reported in Nikkei Asia Review recently, Sime Darby is the world’s largest palm oil producer by acreage. For the period of July – December 2015, it’s property arm contributed 5 percent of…
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Think long term lah, when it’s property.
I love to read articles which serves to reinforce my personal views. Yes, I remain optimistic about property market Malaysia regardless of what people kept saying and yet doing the opposite. One example, talking as if Malaysia is going to be a bankrupt nation and yet asking me where to buy property. Seriously, keep cash…
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High Speed Rail – MOU by June 2016
Will HSR be completed in 2021? Or even 2022? Well, 2020 is a little too short as a deadline. Are there people waiting for news about High Speed Rail before buying properties in Greater KL? What about buying properties in the Singaporean side of the HSR station? It was earlier announced that the station would…
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Finally, the transaction value for property market Malaysia is DOWN
Every few days someone would ask me if the property prices would fall further. When I asked them back about their views about the worst that could happen, not even one said the property market will crash. I also do not believe it will crash and I seriously believe that with a more sane buyer…
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Are sellers really desperate? Would we reach it?
Many weeks ago, someone asked me if the Klang Valley property market is bad. I asked bad in terms for developers or bad for owners / sellers? I know he does not mean bad for potential buyers. I told him that the market has indeed slowed but I still do not see really drastic actions…
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10,000 units of below RM400,000 homes in Penang, starting soon.
Yes, the PR1MA and Penang story is a continuous one. This one should be another piece of good news for people working in Penang, especially those struggling to get a decent unit for own stay. Reported in a few local medias, PR1MA’s Chief Operating Officer Datuk Aminuddin A Manaf said it hopes to start construction…
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Coming soon, a tower in Dubai taller than Burj Khalifa
Burj Khalifa is 828 metres and costs US$1.5billion to build. It was completed in January 2010. That’s so tall that you can see a view as per the image. Petronas Twin Towers is only 452 metres. Read here: Petronas Twin Towers still tallest in the world* Entrapment, a move starring Sean Connery and Catherine Zeta…
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Heritage property: Limited units mean limitless price per sq ft?
When I was still in Penang many years ago, an agent told me that one Singaporean company had just bought one whole row of old shophouses for RM200,000 per unit. These units were dilapidated and in need of huge repairs before it’s usable for any purpose. Today, even I would be willing to buy if…
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Kudalari condo up for sale; first ever en-bloc / en-masse sales in Malaysia
I read an interesting article in propertyguru.com.my today. I then searched for more information from propsocial.my (refer to the image of “Desa Kudalari.” This is the OLDEST condo in the KLCC area built by Tan & Tan.. The owners may be able to band together and sell the while project en-bloc. I think the reason…
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10 Most Dangerous Cities, the end of property market Malaysia?
I think I will start by asking a question. Do we buy foreign properties in cities which the world acknowledge as being extremely unsafe? If the answer is no, then do we expect foreigners to buy Malaysian properties if we are categorised as very dangerous? I think some of us may have seen a list…
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Should have, Could have and If only when it comes to property
I saw a Facebook image by a friend. It was ‘liked’ by many and I think it’s appropriate that everyone of us gets reminded again of what we did not do many years ago and the regrets of today. Let me start by telling you about some regrets that I have. They are all investment…