Author: Charles Tan
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New home in few months and not few years. Interested?
Building a new home in a few months instead of a few years. What’s the possibility of this happening here in Malaysia? Well, a Japanese Fortune 500 developer, Daiwa House Industry Co. Ltd (“Daiwa”) will enter into a Memorandum of Understanding (“MOU”) with Sunway Group (“Sunway) to undertake a study to examine the feasibility of…
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News Corp, The Wall Street Journal and iProperty are now related
Anyone who’s thinking about property investment or buying first home would have heard of iProperty. This is an online company in the real estate industry seeking to replace the traditional media which has been loved by developers for the longest of time. In Malaysia, when you think about searching for properties, typically you would only…
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With GST, demand may slow down next year. True?
Reported in the Star on 29th July. According to UEM Sunrise Bhd’s executive director, Datuk Izzaddin Idris, after GST is implemented, demand for homes may slow down. This is especially do in the second quarter of next year. This was also based on the scenarios in other countries which has implemented GST. Thus, the environment…
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Buying Penang properties? Affordability means RM600 – RM700psf.
A close friend asked me recently what’s the price that I would be willing to sell my condo in Tanjung Tokong. I said, RM700k. She laughed and said, my husband said that’s impossible. I laughed and said, it is ok. In fact at the price I wanted to sell, I was only only looking to…
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No. 218 bungalow in Macalister road torn down for 218 Macalister?
If you have been to Penang, you would note that there are many heritage buildings and areas which are well preserved. Of course, I would like to see the maintenance be continuous and there’s always much to improve but I would say I am happy enough when I cycle around Georgetown, taking photos and understanding…
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Property market is slowing. Agree. However, there are today MORE interested people.
Last year, during the The Star property fair in Penang there were around 39 developers / exhibitors participating. Actually, in terms of numbers this has gone down. I remembered the last one that I went, there were easily 50 over booths including my former company which had a prominent one too. Perhaps this reflects the…
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MIER, The ‘cooling phase’ and the right price and right attitude
In a report in The Star (24th July 2014), it was reported that Malaysia’s residential property segment has entered a ‘cooling phase’ in the first two quarters and will continue to be ‘moderate’ for the third quarter according to the Malaysian Institute of Economic Research (MIER). The main reason was because of the macro-prudential measures…