Author: Charles Tan
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5 years, 5 malls, can market still absorb?
Many months ago, when Quill City mall was opened, a colleague remarked that this mall should not last long. His reasoning was because Quill City Mall was too near to the established and bigger ones in Bukit Bintang. Besides, the crowd during weekend would definitely be slow and many businesses may not last long enough…
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Easier to get loan approval, a good sign?
According to the Association of Banks in Malaysia (ABM), the rejection rate for housing loans has declined to 18% in 2014. In 2012, it was 25%. No mention about 2013. This meant that the perception or understanding that more loans applications were being rejected is no longer true. The reason? Well, borrowers and lenders are…
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Are you quite rich or ‘super rich’, yet?
I will not ask what’s your net worth. How about if I use another measure instead to know if you are in the ranks of the ‘super-rich’? Do you own a property in one of the following cities? Dubai, Hong Kong, London, Los Angeles, Miami, New York, Paris, San Francisco, Sydney, or Toronto. According to the…
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How agents can be better agents (Real Estate Negotiators)
I received an SMS from a Real Estate Negotiator (REN) recently. She asked if one of my condo units were available for sale. I told her I have already sold it earlier but I would love to know if there are any apartment / condominiums that I can buy for RM250,000. She SMSed me a…
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A little positives, at 28th May 2015
Negative news, everyone shares. Positive news, everyone reads and forgets about them. Furthermore, every sharing is always only along political lines which is a sad case for Malaysia. It’s okay. Let me do my tiny little bit for Malaysia. Indirectly giving some positive sentiment to the economy. Who knows, may help the property market a…
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Iskandar property? Definitely not an easy time.
It’s not easy for Iskandar Malaysia these days. Any news are most of the time negative. Latest one which was widely reported in all medias would be the cancellation of Asian Trade Centre by UEM-Sunrise. This would have been a huge catalyst project in Gerbang Nusajaya. According to Chief Executive of the Iskandar Regional Development…
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Best neighbourhood mall, ATRIA
Any area with a good neighbourhood mall is likely to be popular versus one without. In fact the property prices in these areas with a nice neighbourhood mall is likely to appreciate faster or even stay strong during slower times. Of course, the worst would always be to be right next to a neighbourhood mall…
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Huh? 30 percent sold by midnight before launch?
I had wanted to post a Facebook comment and picture here. However, on second thought, best not to show or else that person may suddenly become too famous. The news was about West Side III condominiums in Desa Parkcity for which 30 percent had been sold the midnight before the official launch! A close friend…
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Luxury price but what if rubbish site nearby?
It’s not easy being a branded developer. Imagine trying to launch a new project with a new benchmark price per sf in an area not associated with high-end thus far. Press were invited. Advertisements everywhere. Special rebates for buyers who sign up on that few days are all ready. Caterer were told to ensure food…