Author: Charles Tan
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ONLY BUY after property bubble burst
I have a friend who earns very high salary. In fact amongst all my friends, I think he is ranked second highest. He knows that I love properties and he told me confidently that he is now keeping his money in FD so that when the bubble bursts, he will enter the market and buy.…
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Starbucks latte
I go to Starbucks every week, without fail. Perhaps just once per week but it is every week. Since I love Plan B or even Espresso Lab if we are to compare to Starbucks, then why do I go Starbucks every week? I have three reasons. Convenience. There’s one Starbucks everywhere I go. Near my…
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Penang property for rental – two better than one
My brother discussed about buying properties for rental recently. He asked, if he could afford only a RM400,000 loan today, should he buy one property at RM400,000 or two at RM200,000 each. I told him, as long as he understands the rental market, both options are okay. However, if I must choose one, then it…
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Penang mainland property – 2nd Bridge effect
A Toastmaster friend asked, ‘please comment on mainland properties’. I sent Whats App message to 10 friends, half of whom are Penangites and another half non Penangites. ‘With new bridge, would you be willing to move to mainland since it’s just around 20 minutes to places like Bayan Baru, Batu Maung?’ The property prices there…
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Before you do any investment, maintain your FD first
I read a very clear ‘Facts of Debt’ pictograph for Gen-Y in The Edge recently. Actually, The Edge is a very good weekly magazine and if you would only read one newspaper, make it The Edge. Back to this article. The pictograph showed that over 70% of Gen-Y cannot endure a personal economic emergency of…
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Penang property – below RM600,000 and should be new
A close friend told me that after she has asked many agents in Penang, they kept giving her the same answer. ‘You can buy The Peak Residences.’ Walao, there are no other properties in Penang below RM600,000? This time, I did not search, I jogged my memory a little and said, actually there are quite…
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12th highest growth in the world – Malaysia property market
I read the original report in www.propertyguru.com.sg. According to the latest 12-month period ending September 2013, according to the Knight Frank Global House Price Index, the property market in Malaysia grew 10.2% to finish as no.12 best performer. The top performer is Dubai, with 28.5% rise within 12 months! China was 2nd with 21,6% up…
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Coffee Lane, Penang
I used to have a Toastmaster friend who loves tea. He talks about tea, he showed us his skills about tea. Everything was tea until suddenly he said I am opening a cafe. Huh?? He opened a very cozy little cafe called Coffee Lane in Penang. I used to go every few weeks or so,…
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Baked coffee cheesecake, anybody?
A close friend asked for the recipe for a baked cheesecake recently. She wanted to bake one for her husband to be. I ‘small small sound’ tell her, buy onelar, easier. She laughed it off and said, no, I want to make one for him. Here’s the response to her request. Actually, baking a cheesecake…
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Penang property market slowed down
Everyone I know has been saying that the property market is slowing down. Well, everyone except one agent who told me that his business is still very good. In actual fact, market is slowing down. This is the effect from the many cooling measures implemented and will be implemented in the near future. Buyers are…