Author: Charles Tan
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Affordable units? 1,000 people per 44,000sf
According to wikipedia, a typical prison cell is 48 sf. Thus, if 1,000 people have to stay within a 44,000sf building, that means each person would have only 44 ft to themselves. This is smaller than a prison cell! Do not worry, if there are ten floors, then each would now have 440sf and if…
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First 6 months, SP Setia’s net profit margin at 12.83%
Want to know what’s the net profit margin for one of Malaysia’s most famous developer, SP Setia? It’s 12.83% for first 6 months. For the first 6 months, it’s net profit stood at RM328.51 million versus a revenue of RM2.56 billion. YES, this is just for 6 months. Yes, the margin is not that amazingly…
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Affordable not just focus of developers.
These days, developers whether big or small are focussing on affordable units. They are worried if they launch the more luxurious ones, it would not sell. They are right. For now, not many sane Malaysians would rush to buy anything which they think is overpriced. In fact, even retail sales is down. However, apart from…
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Better property ads – Some little tips.
This article is aimed at property agents who kept cutting and pasting descriptions of the property they sell every time, every hour, every advertisement. I read way too many and is now too numb to make any decision. Instead of 100 look-alike postings hoping that someone will call, why not post 10 very good ones…
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81% Malaysians are confident with retirement via investing
According to Franklin Templeton Investments, it’s fund manager’s Global Investor Sentiment Survey (GISS) 2015 showed that 81 percent of Malaysian respondents were confident of achieving their financial goals. A piece of good news even if truth is, I think the survey was conducted among Malaysians who are already investing right. Top investment goals include retirement,…
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Tokyo too expensive? Yen is at 13 year low!
My first time to Tokyo was a business trip. My GM allowed me to go one day earlier and come back two days later. I loved the trip. My second trip was just a few years ago and I visited 8 cities in Japan including Tokyo. I love Japan. It’s my top country for vacation…
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Sunsuria’s below RM400,000 project in Salak Tinggi
I personally think for any developer in Malaysia to say they are quite established, they should at least hit sales of RM 1 billion or higher per year. If they are able to hit this, it meant that their overall GDV per year is even higher. Instead of the usual top brands we see on…
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RM348,000 for a 12-square metre car park slot.
Reported in dailymail.co.uk was a piece of news which shows how ‘crazy’ some markets could be when it comes to just one car park spot. In north Sydney, in Kirribilli, one single outdoor car parking space was sold for AUD120,000 (RM348,000). The size of the space? 12-square-metre. Yes, just the right size for ONE car.…
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Landed residential 20 x 60 for below RM80,000.
Beginning June 5th, the following would happen in Negri Sembilan. The poor regardless of bumiputra or non-bumiputra can purchase landed residential 20 x 60 for RM80,000 or lower. Yes, this is not a fake news like some recent ones. This was announced and reported in The Star recently. A reader even dropped me an email…