Author: Charles Tan
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Kiss your sales goodbye
Have you ever been to any developer’s showroom and the sales people ignored you? Perhaps it was because the said property is within the luxury segment while you were wearing a ‘I love Melaka’ T-shirt, wearing a bermuda short and slippers? Perhaps because the sales people did not see you? Perhaps they were too busy…
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6% GST but property prices up 6.2%
In a local English daily, it was reported that REHDA President, Datuk Seri Fateh Iskandar Mohamed Mansor announcing that as soon as Goods and Services Tax (GST) starts, it will push property prices up by 6.2%. This is due to the tax being applicable to some building materials. This is indeed a bold prediction. Is…
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Forest City. GDV down but it’s full steam ahead
Forest City gross development value (GDV) has done down a lot! To recap, this is a 66:34 joint venture between China-based developer Country Garden Holdings Ltd and Johor state government’s subsidiary company, Kumpulan Prasarana Rakyat Johor. It’s GDV has since been revised downwards by 25%. Yet, the total GDV is still a staggering RM450 Billion, down…
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High Speed Rail (HSR) by Japan?
The High Speed Rail (HSR) between Malaysia – Singapore is something which a few countries have expressed interest in. Many are using their technology as an important winning factor. In fact even in terms of total costs today, I seriously think there is no huge difference whether its an Asian company or even a European…
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Property Market. 6 years ago, today and 6 years later.
Is Johor Bahru expensive? Perhaps I should ask about whether Iskandar is considered expensive instead? How about Klang Valley or even greater KL or just Kuala Lumpur itself, are they expensive? In an online article from a news site, it said that five or 6 years ago, people can still find terrace houses costing RM150,000…
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1MDB is “manageable risk” – Fitch Ratings
Two friends did not believe me when I told them that 1MDB may be a huge issue for a few famous people but it will not affect the economy adversely and certainly have got very little to do with Ringgit depreciation or rather US$ appreciation. My earlier article here: RM down, end of the road…
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I could not afford a house, yet.
In an article by quite a famous online news site, it gave many reasons why many middle and low income earners could not afford a property. One major reason was because of the fast price increases in Malaysia for the past few years. In fact, many are postponing their house buying plans and save money…
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Penang affordability, higher units definitely
Penang state government was commended by the Real Estate & Housing Developers’ Association (Rehda) Penang chairman Datuk Jerry Chan. The latest affordable guidelines has made it easier for developers to build affordable homes in the range of RM200,000-RM400,000 range for first-time house buyers. Under a new housing guidelines introduced last year, developers are allowed to…
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Politics no. Interest Rates and GST YES.
The ‘war’ has been intensifying day after day. The ‘other’ side is always wrong no matter what they do, if they do or even if they don’t do. Yes, politics Malaysia. Fortunately, for commercial property investors, this is not at all important and should not affect their decisions of other to buy or not to…