Author: Charles Tan
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1,016,000 applicants for PR1MA?
Yes, PR1MA said that is has received 1,016,000 number of applications thus far for the supply of affordable homes. It’s a number which is hard to believe because if the number is true, we are looking at demands which far exceeds whatever supply there are in Malaysia. Yes, not even the 100,000 new homes target…
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‘Healthiest’ Malaysian banks since 1998. Wow!
Do you believe the Malaysian economy is still doing fine? I know, majority would answer, NO. How could it be right, since we have bad news everyday? It’s okay, I give you one piece of good news about the banks’ ‘health’ condition today. In a Bloomberg article published in a local English daily, it was…
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2010: 148.2 million 2015: 400 million Wow!
Nope, nothing to do with 1MDB. You have been reading thousands of that on Facebook. This is about Magna Prima Bhd which has announced to the market that it is selling a piece of land in Jalan Ampang; Lai Meng School. In 2010, it paid RM148.2 million for it. The plan then was to develop…
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KL average property price down, now at RM714,000
All charts were provided by Michael Geh , Senior Partner of Raine & Horne and also the Vice-President of FIABCI Malaysian Chapter with numbers from NAPIC. Great news if you are thinking of KL. The average property price in KL has showed a drop instead of staying stagnant like the average property price for Selangor…
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No need to sweat, interest rate stays the same
Yes, this has been expected but no one knows until it is announced right? Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 3.25%. It said that the stance of supporting growth remains the same. With the current negative sentiment as well as low inflation, it is better to have a rate…
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So many empty units, why prices stayed the same?
Whenever we drive past some newer condo projects these days, many times the number of occupied units might just be 20 percent or 30 percent. True? I think this is true not just within the Klang Valley but also Penang island. It includes one of my old friend as well who bought a condo unit in…
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Hua Yang’s FY15 net profit margin at 18.95%
Reported in a local English daily. Latest results from a medium sized developer showed that the net margin remains healthy thus far. Hua Yang reported an increase in net profit from RM82.2 million a year ago to RM110.6 million for the financial year ended March 31, 2015 (FY15). Revenue was also up by 14.5% to…
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Up in Sydney and Melbourne, Down for Perth
Thinking of Australia as your future country of residence? Specifically Perth? Good news perhaps. As per CoreLogic RP Data, the Perth property index eased 0.4 percent in June and annually has dipped nearly 1 percent. This is despite the fact that more established property markets like Melbourne and Sydney continue to rise up by 2.8…
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Huge developer, big intention, starting with Mont Kiara.
When the Chinese (China) developers descended upon Iskandar some time back, it awed many. A launching of a few thousand units was unheard of until Country Garden started it. Remember? Read here: Testing water with 9,000 units? No Malaysian developers can do that, yet. Malaysia is fast becoming a new ‘playground’ for them. Perhaps due to…