Author: Charles Tan
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Average of RM419,000 is indeed quite high, actually.
The average price of properties in KL is RM655,000. I consider this to be quite high when I look at the typical salary of majority of my colleagues. Fortunately, the average price in Selangor is just RM430,000 which I consider as acceptable as long as one does not simply spend all his salary on useless…
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Slowing GDP, new GST and property price up/down?
Slowing GDP growth in Malaysia for 2015 versus 2014 is real. So, are we going to get to buy cheaper properties soon? In a report, MIDF Research said that growth for Q1 2015 was expected to be between 5.0 – 5.2 percent. It may be on the higher end if we take the ‘crazy’ buying…
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HSR KL – Singapore. Yes, it’s finally confirmed.
Someone forwarded the news in Facebook. Yes, according to a report in The Malaysian Reserve, the High Speed Rail (KL – Singapore) has already been approved last Friday. This is a significant news for both Malaysia and Singapore no matter WHICH country is said to benefit more and which would benefit less. Truth is, without…
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Little impact from GST and CLEAR by August 2015
In an online article recently, it quoted Penang Branch Chairman for Malaysia Institute of Eatate Agents (MIEA), Mark Saw as saying that GST would have minimal impact on the secondary property market. the reason being high demand is still continuing for residential properties. I think he is referring to Penang though I think his comment…
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Family-style SIZE vs small size due to price
According to an online article, the Malaysian Institute of Architects (PAM) said that today any family-style housing schemes are no longer feasible. Developers or social housing providers should start moving into smaller units to make it more affordable. This is because the current market is already too high-priced. PAM President Ar Chan Seong said that…
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PLEASE don’t force renovation packages
PLEASE is in capital because this is only an advice. Penang Housing committee chairman Jagdeep Singh Deo said that developers cannot force home purchasers of affordable homes to buy any renovation package. I assume this includes also additional car park package etc. Of course they are free to offer such packages but it must be…
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Few days after GST and my personal experience
Many friends posted photos of them getting ‘GSTeed’ for the first time right after 1st April 2015. Many friends said that everything is higher priced. I arrived at office and many colleagues said that the even food at foodstalls have increased their price. A friend said that when he went grocery shopping, he felt that…
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Using ‘bad debts’ to buy ‘good debts’?
Everyone tells us that we must always aim for good debts. Property mortgage is considered a good debt that everyone must have. This is very true. However, if you have to borrow ‘new’ money instead of own savings in order to buy a property, how can this be a good debt? You have no money…
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Iskandar for Singaporeans: Reversal or realisation?
An article by TODAYonline newspaper was forwarded by many in Facebook a few days ago. It was a very long article about the many middle income Singaporeans who have chosen to stay in Iskandar instead of within Singapore. They include a teacher whose daughters are all still studying in Singapore and the whole family travels…