Author: Charles Tan
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Penang Property Digest – Nov 2013
What has happened in the Penang property market in November 2013? Here’s a digest of the news reports. 🙂 Shared Ownership Scheme – Chief Minister Lim Guan Eng launched a scheme to help low-wage earners buy their own home through a Shared Ownership Scheme. For those who qualify, 30 per cent interest-free funding would come from…
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Why buy Penang Property – my personal reasons
15 years in Penang. I worked with 3 different organisations based in Penang. My wife and I got married in Penang. My baby was born in Penang. From just Sunshine departmental store until today when Penang has Queensbay, Gurney Mall and Paragon Mall, Penang has continuously changed and if I may add, for the better. Without…
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Penang Property market – around RM250K
When it comes to the Pearl of the Orient, Penang, many people have their opinions on affordable property. Some say affordable property is below RM400,000. Some say, nothing more than RM250,000. Today, let us look at properties available to you if you can only afford a property in Penang of just Rm250,000. For an easier…
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3% Levy on Penang Property
Personally, I agree to the additional 3% levy. The additional levy would allow the state government to have additional income and may use the surplus for affordable properties in Penang. It is not an easy task to build affordable properties. Land prices has shot up tremendously for many years and in the word of Dato…
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My Property journey with 5 ladies
My journey as a people manager cum mentor was tested and strengthened when I had to take care of four unpolished diamonds. They accelerated my learning curve tremendously and we went through a lot of tough times and great times. This is their short story. E is her name. I hired her when I was…
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Landed vs Condo II
Someone who read my article said, ‘The maintenance fee in condo is the negative part’. Truth is, I also feel the pinch because if you stay in the typical landed property, there is no maintenance fee to be paid. I admit, on average I have used the gym just once per month last year. I…
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MM2H – Shopping and Education
MM2H is a Malaysian government programme for foreigners to make Malaysia their second home. I am supportive of this idea. Main reason is because I really do feel Malaysia has what it takes for them to make it their second home or even retirement home. For those coming from ‘winter’ countries, Malaysia is summer the…
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Medical tourism booming in Penang
Some stats and facts from online newspapers about the medical tourism industry in Penang. 1) In 2011, the state received some 300,000 medical tourists which accounted for 60% of those arriving to Malaysia to seek medical treatment according to Deputy Chief Minister I Datuk Rashid Hasnon. 2) According to Dr Hilmi, Deputy Health Minister with…
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Real estate agent in Penang property market
A friend just decided to join a real estate agency. It is his second time going into the field. Ever wondered what it is like to be a registered real Estate agent dealing with Penang properties?I happen to have some experience with the agents and penang property market. Depending on how successful you are as…
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New Engineer, New Penang Property?
Penang is one of the best place to be for graduates of engineering, with two conditions. You get a good degree and you get into a good organisation. In terms of pay, it’s very competitive and typically your salary from one organisation to the next varies little. If you are able to enter a good…
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Buying property in KL for investment
Many years ago, whenever I come to KL to visit my friends or shop around, I will stay in my friend’s rented condo in Kelana Jaya. The condo’s name is Kelana Puteri. It’s a medium cost, leasehold, high density condominium. At that time though I have never felt the ‘medium cost’ because I was only…
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Rent or Buy – Penang Property
My close friend asked me today. Should she buy a property if she intend to work for only a few years in Penang. I asked her, what’s her rental and she said RM800. It’s not a lot but RM800 x 12 x 5 years = RM48,000. If I ask you to give RM48,000 away, you…