Author: Charles Tan
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Property not necessary and not a necessity
I laughed when a close friend related her conversation with a fellow manager in her company. The manager works in a US multinational so salary not much of an issue to buy a property. The manager said, he does need to buy a property, preferring to rent because when he needs to move back to…
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Buy Penang or Iskandar first?
I think if you ask a Penangite, they would most probably tell you, buy Penang. Iskandar is just a piece of empty land 2.5 times the size of Singapore. If you ask a Johorean, they may tell you that they have only begun to believe that Iskandar might just work but to buy in Penang…
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With RPGT, no more property investment
Someone shared in facebook recently that with RPGT at 30%, the property price would have to increase 40% in order to earn any meaningful profit. Perhaps there’s a confusion here. RPGT is Real Property Gain Tax. In other words, you pay tax on your net profit. If you sell at a loss, you pay nothing.…
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Paparich
I am a papa and I want to be rich, so I go to Paparich? 🙂 Actually I have never liked Paparich. Yet somehow I have been to Paparich for many times. Old friend’s gathering, Toastmasters’ meeting and most recently, it was the more affordable choices amongst all the typical RM30 per person kind of…
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Property investment – back to basics
Passive income. If you buy a good property for RM250K to RM300K today, typically you can rent out for RM1,100-RM1,300. Depending on how old you are, this is sufficient to cover your mortgage and gives you a yield which is equivalent to FD, at worst. If I can, I would like to continue buying to…
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My 2014 wish for property market
After reading through so many articles, especially The Edge which their last issues focus was on how tough 2014 may become, I was a little affected. However, I found many good news too. It seems that in November in Singapore, 95% of whatever was newly launched was SOLD! It mentioned a few points which I…
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New project launches in 2014 – what may happen?
With the whole Malaysia property transactions going down except for Iskandar as at November 2013, what may happen to the new launches next year? I read comments by DTZ Nawawi Tie Leung executive director Brian Koh in The Star. He said, ‘Developers are likely to launch less projects, downgrade specifications, reduce sizing, squeeze on construction costs, and…
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Ben & Lynette, Ipoh
This is a very new cafe. Just opened one week ago. I think this is the first time ever that I have visited such a newly opened cafe. Ipoh really do have an ever growing cafe culture. There’s even a horse at the entrance to the cafe. Please, don’t climb up the horse.It was around…