Author: Charles Tan
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Batu Kawan’s RM10 billion GDV by Eco World
A close friend forwarded a news which I read earlier. I guess she felt this may be the biggest thing to happen for Penang, especially where Batu Kawan is concerned. I do agree. I remember many months back someone told me that everyone should buy Batu Kawan because IKEA is coming. I said, please take…
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“We prefer the Klang Valley and Penang over Iskandar”
The recent comments from Maybank Investment Bank’s research unit was heavily quoted in no less than 5 articles that I read online. It said “We prefer the Klang Valley and Penang over Iskandar.” Reasons stated? Oversupply due to huge incoming supply in a crowded development space and aggressive land banking activities by Chinese developers. All…
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Oh dear, I missed the GST deadline to buy property.
A good friend dropped by my office to pick me out for lunch. He told me that he is viewing many different properties in many different places. He has yet to decide but he said he missed out on buying a cheaper property because if he had bought earlier, he could have beat the GST…
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Very few Singaporean investors want Iskandar.
According to a survey from iProperty, only 8 percent of those surveyed said they are interested to buy Iskandar properties. Main reason they are not interested? The recent policy changes. Market has cooled since 2014 because of Real Property Gains Tax as well as the fact that foreigners can only buy property worth RM1 million…
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Final few expensive pieces; French Embassy land
Remember an earlier article about the embassy lands? Read here: Property Prices, Prime Locations, Embassy Land Sale Latest update is that the French Embassy Land may be sold very soon and the winner is said to be MRCB. The sale of this last few pieces of embassy lands is via a competitive tender. The land…
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EPF, UK property link and my thoughts
In my personal opinion based on the little knowledge I have as well as the many articles and analysts reports, I seriously think London properties are already at a very high level. It may just have to correct or even stay stagnant for some time before going up further. Just look at the average property…
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Managing ‘bad’ expenses and good debts, my way.
I think anyone who is reading this knows that even for debts, there are two kinds of debts. The good one and the bad one. Bad debts, everyone would immediately think of credit cards, car repayments (the bigger the worse) and whatever stuffs which you buy because you believe it gives you pleasure and ‘face’…
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Cable Car, Tunnel, LRT, more roads and PTMP. Action!
Penang Chief Minister Lim Guan Eng announced that a new ‘Penang Sky Cab’ (cable car) project would link the Penang Sentral in Butterworth to Gat album Nordic in the island and this would be operational by 2018. It can carry up to 1,000 passengers per hour and will take 15 minutes travel. This is certainly…
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Increase selling price due to GST? It depends on margin.
I think I have never written about LBS Bina Group (LBS) before this. However, after reading an article recently, I think I want to highlight what its managing director Datuk Seri Lim Hock San said. He said that the new Goods and Services Tax (GST) would definitely affect property developers BUT if LBS’s current profit…