Author: Charles Tan
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We need to prosecute the first one, or it will continue.
Singapore agents are offering their services here and it is ILLEGAL. According to the Malaysian Institute of Estate Agents Johor branch chairman, S. Vadeveloo. I do not think this is a new news. When I was in my previous company, this was already an issue but alas, no concrete actions were taken. I also think…
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RM2,300psf in KL and confidence of nearly full take up
Today, a good friend asked me about Penang property price per sf. I told her, I seriously think anything above RM1,000 per sf is considered too high based on the current Malaysian household income. This is despite the fact that there were already many projects in Penang exceeding that level. Then, I chanced upon a…
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Should our parents continue working after 60?
This article is aimed at people who has forgotten to look after their parents because they are too busy working or said it’s just too expensive to look after their parents. Sorry guys. You have gotten your priorities wrong no matter how successful you may be today. I was at a supermarket called Fair Price…
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An Update of the RM299,000 condo in Penang. ‘Short cut’ offered.
Earlier, when I wrote about this: 800sf CONDOMINIUM for just RM299,000 – Better be quick it garnered a few thousand views within hours. This is an update. It seems that there are people who are trying to cheat applicants for these units of affordable properties. The modus operandi is that they will tell the people planning…
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High Tech, Capital-Intensive, Economic Powerhouse
For the past many many many years, before Iskandar attracted so much attention, Johor already have industrial zones. However, these are mostly labour intensive taking advantage of the lower cost of production versus many other countries. Today, for Iskandar to continue its climb, the types of supporting industries may need a huge transformation. In fact,…
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Demand vs Supply, Location and Price, Your Decision.
Few weeks back, I read in news that the price of HDB flats were softening. On 15 July, in PropertyGuru.com.sg, it has been reported that the Ministry of National Development (MND) of Singapore will be reducing the supply of HDB flats this year. From 24,300 originally planned, it will be reduced to just 22,400 units.…
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Build then Sell vs Sell then Build, why not let the market decide?
House Buyers Association (HBA)’s Chang Kim Loong said that Build then Sell (BTS) is a much better system as it is a much safer mode of home delivery for the buyers. This will also be eliminating the cases of abandoned housing projects. In short, buyers would be protected as they would only be forking out…
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12 inspection tips on buying secondary properties
I think I will only be looking at secondary property market for a while. I am very sure there are lots of gems in terms of new launches but I told my wife that let’s concentrate on secondary property market since the prices are still quite attractive today. Plus the rental yield is still positive.…
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Two International Convention Centres in Medini and Senai-Kulai
Two years ago I gave a talk in a property cum electrical goods fair in Persada Johor International Convention. Yes, that’s the largest convention centre available in Johor Bahru. It’s quite convenient in the sense that you can get food easily and parking was also available. However, the crowd then was nothing to shout about…
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CIMB, RHB, MBSB potential merger. Just 1 cent view.
Just plain simple point of view from me. The reasons below are why more mergers should happen sooner and not later. No merger can happen within 6 months and no significant benefits from the merger can be felt, at least for the next 12-18 months. Competitiveness. Everyone say, with these mergers, there would be less…
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Down 20% up 45%, down again by 20% and up again by 45%
According to Raine & Horne Malaysia (Penang) senior partner Michael Geh, during the 1986 recession, property prices dropped 20% over a two year period but during the seven year upturn after that, prices went up 45%. This was seen again during the 1997/98 Asian financial crisis where prices went down 20% but rose by as…