Author: Charles Tan
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Flipping properties for profit? Don’t repeat it please.
Many years ago, perhaps up to 2012, many were still buying properties. More often than not, it’s solely for the purpose of flipping. Everyone thought earning money was easy. In the beginning it was really quite easy. All it needed was some courage to sign and take the risk. This was also encouraged by the…
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Sentul properties? Average of RM387 psf. Interested?
Slightly over two years ago, I accepted an offer to work in KL and I brought my whole family along. My wife resigned and became a home minister instead. From our 1,258sf Balinese styled condo in Penang, we moved to a smaller 1055sf condo unit in Kelana Jaya. I do not think I should ‘downgrade’…
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“Stone’s friend”, what’s the problem?
What’s in a name? Well, depending on what it actually meant, it may mean a lot. For example, the name of Batu Kawan is said to be not suitable for “the most modern satellite township in Malaysia.” Penang Chief Minister Lim Guan Eng said that when translated into English, Batu Kawan meant ‘a stone’s friend.’…
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Higher plot ratio better, right?
We have known of the crazy land prices in certain hotspots near KLCC. It can be as high as RM3,500psf and potentially even higher in future. In comparison, my friend’s uncle’s land somewhere in Teluk Intan was sold for just RM8 psf not too long ago. Haha. Yes. RM8 psf versus RM3,500 psf. What’s happening…
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Property investment? Time is essence.
Reported in a local English daily, Tan Sri Liew Kee Sin said, “I am already 57. Do I wait for 10 years? Or do I retire and just count my money? I have the skills and the people who have the skills and the expertise. Business is about taking opportunities.” He was referring to the…
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Vision City, the VERVE and IKANO for mainland Penang.
A friend said, even if mainland Penang is RM100,000 cheaper, he would still prefer to live in the island. Actually, if he is talking about Batu Kawan, I think the price difference is higher than the RM100,000 than he is talking about. There has been many articles about mainland Penang versus Penang island side. The…
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75% Malaysians in cities and 17% using public transport
Would you take the MRT if the duration is the same versus you driving? Assuming the cost of MRT is 50% that of your usual petrol and parking fees. I think majority of Malaysians living in KL today who is driving would say NO. What about if the cost of MRT is just 10% of…
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Starting with a ‘peanut’ salary? Think ahead.
Saw a sharing an article about a fresh grad sharing what he can do with his ‘peanut’ salary. He said his salary was only RM2,500. After deducting everything, he had nothing left, not even enough to give to his parents and to treat his girlfriend. Obviously he is getting an above average pay as a…
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KSL in Klang, RM2 Billion mixed development, 2018
A colleague asked me a question the other day over lunch. He said, ‘you know I live in Klang, do you think Klang properties would increase in price to be like Kuala Lumpur.’ I said, what do you think. He said he does not think so. We both laughed. Honestly, if we are working in…
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Is Malaysia going into a recession?
Someone asked this the other day. Is Malaysia going into a recession. Before I answer, may I ask what is recession? According to Investopedia, “The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country’s gross domestic product (GDP)” In very brief, there must be two consecutive…