Author: Charles Tan
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Residential Property Market in Penang 2015
Penang’s property market is slightly different from the overall Malaysian property market. Instead of hitting the peak in Q2 2011, the Penang property market reached its peak only in Q4 2011. Perhaps this is due to the lag factor? Maybe it’s just because Penang market is more resilient? Well, the peak was 9,667 units but…
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H1 2015: Malaysia Overall Residential Property Market
Everyone said the property market is down, in terms of numbers. However, no one really knows about the actual numbers. Well, time to look at some real numbers. The chart below comes courtesy of Raine & Horne and the source is National Property Information Centre (NAPIC). The Malaysian property market actually hit its peak in…
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I prefer today, not yesterday
A good friend forwarded an image to a group WhatsApp the other day. It showed three 50 ringgit notes and the things it could buy then and now. Of course, it showed that the things we could buy today are much lesser. I assume this is true. I told the group that I would personally…
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Hua Yang: Revenues are up, profits too.
Another good news from a not so good property market. We should keep noting all these because there are always developers whose products are somehow less affected or even still doing fine. Hua Yang’s pre- tax profit for the second quarter ended Sept 30, 2015 has increased to RM38.2 million versus RM35.2 million in the…
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Getting ready for the next global recession?
In an article by a prominent economist, Tan Sri Lin See Yan in The Star, it was entitled, “Watch out for the next global recession.” To summarise, in the recently concluded IMF/World Bank annual meetings in Lima, Peru, global economic outlook appears to be a gloomy one. Growth forecasts were downgraded and it is now…
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Sweet 18 is definitely a good ranking against the world
This morning I listened to a radio channel (chinese) and I switched to another channel when the lady radio deejay tried to sound professional about Malaysia’s latest ranking for World Bank’s “Ease of Doing Business Report 2016”. She said three things which shows that she is reading too much Facebook comments or reads nothing at all.…
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KL118 to be built by Samsung and UEM – RM2.12 Billion.
I like KL118. Regardless of what the comments may be, I still like KL118. It’s like those who debated so much about Petronas Twin Towers’s disadvantages and yet today, Petronas Twin Towers is already an icon of Malaysia. Thus, I was waiting for more news about it and today I read in The Star that…
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Car prices, going down or up due to Ringgit?
A few weeks ago, someone told me that the car prices are going up due to the Ringgit weakening. I told him that I think the prices would have to depend on demand and less of the Ringgit. He wanted to debate further but I told him I have little interest. He is entitled to…
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PRISM 2015: Malaysia’s Largest Property Investment Summit
PRISM is Malaysia’s largest property investment summit and expo, brought to you by Property Insight. This annual event has been the most exciting and anticipated event for the property industry since 2013. It’s a dynamic platform connecting property experts, developers, investors and homebuyers to network, learn and keep abreast of the latest property trends and…