Author: Charles Tan
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Batu Kawan properties? Look at cars. 🙂 It is also prime for G, G and G.
I was in Penang last weekend for an important lunch. As I was driving past the second bridge, I noticed that the condition was exactly the same when I drove across it last month and two months before. There were very few cars on the bridge! Ok, what’s the significance of that? These days, you…
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Degree, Maturity and Attitude Matters
A friend who’s a manager in a insurance agency related the differences between teaching an agent with a Diploma, a Degree and a SPM holder today. She said, teaching a SPM holder requires huge efforts. There are so many things they do not understand and needs guidance and they also lack the thinking capability. A…
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Banknote Auction Malaysia, First One Ended on a High Note.
Instead of the usual article, I feel that a Q&A may do better justice and also easier to refer to. Let’s talk to Mr. Stephen Soon the Managing Director of MNP Auctioneers about the very first Banknote Auction in Malaysia. Personally, the results were way above my expectations. I did expect some of the notes…
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Gym membership, condo and its facilities, your money and you
A young colleague spoke to me the other day. I term young as those who are younger than me by 5 years or more. How old am I? Many more years to 40. Haha. He said, if I were to buy a condo, rent it out and retain one access card so that I can…
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Mainland Penang becoming more popular? Maybe.
Everytime we talk about Penang property market, the focus is always on island. The expensive island. Ken Lim the founder of Penangpropertytalk.com told me that hit rates rises whenever he posts any island related developments are always higher compared to mainland and this is still true today. Recently, with the completion of the second Penang…
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New property purchase guidelines in Selangor. Issues?
Recently, Selangor announced a new set of guidelines of property purchases in Selangor by foreigners, PR and foreign companies. Suddenly, there were many reports. Some said this is very bad for the market because these restrictions would cause the foreigners to shun Selangor. Some said, this will help to prevent foreigners from buying up everything…
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Reselling of affordable homes allocated? Sigh.
In Malaysia, today, the federal and the state governments have started to build affordable homes. Many schemes were introduced and many have applied I believe. In Penang, the state government does not allow reselling within 10 years. Johor state government announced that all affordable homes cannot be resold within 5 years. I seriously think the…
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Risky to buy or Risky Not to buy.
I speak for myself only yeah. Let me explain why ‘risky to buy’. Today, I seriously do believe property prices has risen much faster than the salary growth due to the periods of 2009 till 2012. There were still good condos, in decent areas and a size of 1,200sf for less than RM250,000 in 2008…
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Slow transactions today? Upswing by end 2015 or 2016
Currently, transactions are slow. Very slow in fact. However, according to UEM Sunrise Bhd, an upswing will happen end 2015 or beginning of 2016. According to newly appointed managing director (MD)/chief executive officer (CEO) Anwar Syahrin Abdul Ajib, property sales in the affordable segment has slowed down and the toughest was the loan application part.…