Author: Charles Tan
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Property Prices too high? YOU might be the main reason.
This is not a joke. Seriously, during my talk in a Singaporean bank, a few of the participants were talking with me after my talk and we came to the issue of property prices being too high. It’s true, in some areas, RM1,000 psf is STILL considered very attractive while in other areas, even a…
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Median income: 57,400 Median property price: 680,000 No Bubble Yet.
When property prices continues to rise without any relevance to the economic growth, salary growth or whatever growth, you should be worried. Property bubble is building. Once property becomes unaffordable to everyone and no one could buy anything and suddenly the sellers realised it and starts to offload their properties into the market with each…
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9,999 units promised? Sure, build only affordable and low cost please.
If you bought a piece of land 94 hectares in Penang for RM1.38 Billion today, what would you do with it? Especially is that piece of land is within the island itself and in an area favoured by many local Penangites? Air Itam. Well, 1MDB bought it and announced earlier that it would build 9,999…
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Lacking in financial awareness today? Peril awaits.
My parents saved a lot for their children, yes, includes me as their eldest son too. Both were educators who dedicated their working lives to their students and a huge chunk of their bank savings to their children. When I started my first job, they asked me to save. They have bought insurance for me,…
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10% buyers owns 40% of property purchases. Aiming to be that 10%?
10 percent of property buyers are the ‘owners’ of 40% of the property purchases in 2011. This has risen from 35% in 1997. This was revealed by a paper entitled “Is equality in Malaysia really going down?” This is a joint paper by the University of Malaya (UM) and Khazanah Research Institute. In laymen term,…
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PPR – RM120 / month, Huge arrears, Huge cars, Huge TVs.
It was reported in an online media that people are abusing the People’s Housing Programme (PPR) rental scheme. According to Penang state housing development committee chairman Jagdeep Singh Deo, more than half do not pay their rental and maintenance. Some even have 50 inch TVs! Many have Astro installed and I seriously do not think…
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Days of queuing to buy condos are over?
I was in Penang last weekend for a house warming party. One of my former staff had bought the unit many months ago and had just moved in. It was at IJM’s Summer Place, a condo which I ‘instructed’ my sister to buy and cancel her booking of another condo unit which was cheaper and…
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Johor Bahru too expensive. Too many foreign developers. Too high rental.
I read an article online just few days ago quoting ONE (1) example of a buyer who has been saving for over 10 years but could still not afford one home in Johor Bahru. I wonder if Johor Bahru is really so expensive? Thus far I have not heard of my Johorean friends telling me…