Author: Charles Tan
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Mah Sing: High targets supported by affordability and location
Mah Sing Group Bhd has set itself a sales target of RM3.43 billion for 2015 and it is confident of achieving this number. Their focus? AFFORDABLE homes with their focus primarily within the Klang Valley. As at April 22 2015, the total sales has hit RM761 million. Using this number as base, Mah Sing may…
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Property market Penang better than national, number wise.
You read earlier about the overall Malaysian property transaction and value numbers. It showed that perhaps the worst is considered over in 2013. 2014 has showed a little spark of recovery. If you missed it, you can read it here: Malaysia residential property market recovery in 2014 In Penang, the growth in property transactions is…
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Stop me travelling? I hate you IRB!
Not too long ago in Facebook I saw a friend commented that Inland Revenue Board (IRB) stopped some people from travelling because they owed tax. They said, the amount is so small, why IRB making people so inconvenient. The travellers would have already made all their plans and now the whole plan is derailed. What…
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Malaysia residential property market recovery in 2014
Has the Malaysian property market stopped its downtrend? It does seem so when we look at the transaction numbers for 2014 versus the years before. My good friend, Michael Geh, the senior partner of Raine & Horne International Zaki + Partners Sdn Bhd’s forwarded to me the numbers compiled by NAPIC. Please refer to the…
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Unemployment rate rises, a worry for property?
Okay, let’s cut the suspense. As per the Statistics department of Malaysia, it has risen by 0.1% from 3.1% in January to 3.2% for the month of February 2015. In fact this rate is similar to one year ago. The number of employed rose 0.5% to 13.664 million in February, a 0.5% increase from 13.601 million…
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Buying Batu Kawan? Same price as island.
Yes, I think this would be a hot topic among Penangites. Batu Kawan property same price as island? You must be kidding me? Well, the developer we are talking about certainly is not a small one. In fact based on the projected sales turnover, Eco World would firmly be within the top few developers in…
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How fast can a train ‘fly?’ Over 600km per hour.
When I was in Japan for the second time a few years ago, I travelled via their bullet train. The journey was smooth most of the time and it was also considered very quiet. The future technology is going to be noiseless. Yes, Maglev (Magnetic levitation) trains. It’s totally silent because the train and the…
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Withdraw EPF at 55 or 60. Why I decided on 60.
First of all, if you think it is your money, thus it should be by your side and not be kept by EPF, then by all means please withdraw it at 55. Log into the EPF site tonight or before 5th May and state your decision; withdraw at 55. Here’s the URL: https://secure.kwsp.gov.my/secured/member/login If you are…