Author: Charles Tan
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IJM Land: Slowdown and the right products
When the slowdown comes, only the right products will sell. IJM Land believes it has the right ones. In an article in StarbizWeek, its chief executive officer and managing director Datuk Soam Heng said, “During a property market slowdown, people may take longer to decide and it may be harder to obtain financing from the bank,…
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Malaccca: New International Port?
According to a report in an English daily, there would be an upgrade of Malacca’s existing port so that it can accommodate international shipping, from China at least. This is part of China’s 21st Century Maritime Silk Route economic belt (MSR). It was proposed by the Chinese President Xi Jinping for China to increase its maritime…
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Penang: Prices up 8.6%, Income up 5.4%.
In his speech during the Malaysia Property Exhibition (Mapex) 2015, the chairman of the Real Estate and Housing Developers’ Association Malaysia (REHDA Penang) Datuk Jerry Chan Lim revealed that the house prices in Penang have been increasing by 8.6 percent annually while the average household income has increased by 5.4%. This meant that the gap…
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GST in secondary. MIEA clueless.
How will GST affect the secondary property transactions? Do you already know? If you do not know, you may want to ask your real estate agents. The only issue is, even your real estate agents may not know. According to the Malaysian Institute of Estate Agents (MIEA) president Siva Shanker, he hoped that the Customs…
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Developer’s Open Showhouses. Chinese New Year.
The number of visits to kopiandproperty.my for the day before and 1st day of Chinese New Year has dropped. Of course this has been expected because the same thing happened last year. Thus, let’s focus on something related to Chinese New Year holidays this time. During Chinese New Year holidays, the property advertisements increased many…
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SP Setia in Relau, Penang. 50% sold before official launch.
Yes, as usual some of my friends said that SP Setia is doomed since many of its top management has moved to Eco World. Let me share this piece of news with some of them. Sky Vista, a new project on Penang island by SP Setia has sold half of all its units before its…
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Apple is bigger than Google plus Microsoft!
GDP for Singapore is US$300 Billion for the whole of 2013. It will only release the 2014 GDP numbers on February 17. GDP for Malaysia is US$746 Billion. (Yes, Bank Negara Malaysia has released the data earlier than Singapore) Well, the value of Apple, as a listed entity has reached US$717 billion (Feb 17 2015).…
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KIDEX. Cancelled, Rejected or Coming back?
Selangor MB said that the project has been cancelled because the three conditions stipulated were not fulfilled despite the deadline of 14 February. The Selangor state government is thus announcing the cancellation of Kidex. The three conditions? As follows: – To disclose the project’s independent Traffic Impact Assessment (TIA) report, a Social Impact Assessment Report (SIA)…
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High Speed Rail Terminus – Announcement soon.
The surprising thing about this is that not a lot of medias reported on this. Perhaps they just wanted the actual news and not the anticipation. Or they think Iskandar news are no longer that hot? Whatever the reason may be, it is reported that the Malaysia-Singapore Joint Ministerial Committee for Iskandar Malaysia (JMCIM) is…
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Penang Affordable Homes: Where and How.
The following information was published by penangpropertytalk.com last week. In fact it has continuously publish many articles on Penang’s affordable homes. This is just to ensure more Penangites who qualify can benefit from it. The best part is that many people assume medium cost affordable homes are just high priced flats. Yes, even some bankers…