Author: Charles Tan
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Buying a 600k condo, having a 300k cash?
A reader wrote in with an interesting question. I think there are many buyers who are really cash rich but may either hold back or are thinking of the best way to proceed. Among my many colleagues, I already know many whom if they want could just view a unit or two and issue a…
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Malaysia in recession? Not in 2015.
Latest: Malaysia’s GDP growth for the whole of 2015 is 5 percent. We can read a report by our advanced neighbour about it here: Straits Times Malaysia GDP growth article We (Malaysia) slowed down in the final 2 quarters but continue to have big trade surpluses. On a weekly basis, there’s bound to be some ‘recession’…
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The ‘harmai’ prices and development claim
Is is true that with more developments, prices would increase continuously? Perhaps up to a level deemed too high? If this is the case, perhaps we should not have developments. Should just stay at levels where everything is cheap and at worst, affordable. The reason this topic came up was because a colleague and I…
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BAD property market Malaysia, a summary
Articles with negative titles these days are becoming ever more popular. This is despite the fact that the content does not correspond fully to the title. One such article caught my attention and if we read just the title, it’s best we sell properties we have now and wait for opportunities down the road. As…
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Penang: Visitors do not visit you just because you are CHEAP
Reported in a local English media. Malaysian Association of Hotels (MAH) Penang Chapter chairman Khoo Boo Lim said domestic tourism was expected to increase this year as more people reduced their spending. One main reason is because many Malaysians would be spending their money locally with the decline in Ringgit’s value. He said that the…
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Rakuten closes Malaysia, Singapore and Indonesia
I buy things online nearly every week these days even if I still love to shop in malls. It’s so easy to start a new online company, right? I agree too. It’s however much harder to make it work when there are many competitions especially strong ones. Of course, sometimes it may also be due…
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KL North? Selayang lah. Still affordable, really.
Maybe for many property buyers, Selayang does not sound that magnificent. Thus, there a developer has branded its project as KL North. What a cool idea. It’s like Damansara Damai which is also known as Damansara North. It’s like Bangsar South which was once Kampung Kerinchi. Or even Desa Parkcity which is within Kepong. Yeah, there…
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Fengshui to ‘enhance’ our year of Fire Monkey?
I was seated beside a Fengshui master in a recent dinner in Penang. My close friend who invited me for his agency’s annual dinner introduced him (Fengshui master) to all of us on the same table and told us that this Fengshui master friend of his is very ‘accurate.’ I believe my close friend consults…