Author: Charles Tan
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Help is coming (economic stimulus). Please hold on. (businesses)
Many countries have started to state their intention to launch stimulus packages to support businesses and industries affected by the covid-19 (coronavirus). This is because if these industries are in trouble, businesses will be affected and retrenchments may happen. When people lose their jobs, then they will have problems in paying for their loans and…
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Property prices up because of the Prime Minister effect? Wow.
Let’s understand a bit before starting this article. Boris Johnson is the current UK Prime Minister (PM). He has been the PM since 24 July 2019. That’s about 6 months now. Halifax is a division of Bank of Scotland. Bank of Scotland is part of Llyods Banking Group. Llyods banking group is meanwhile a top…
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24-hour approval for developers will push property prices in Sabah lower?
I do not subscribe to the reasoning that more supply means lower prices. Do not agree? Look at the price of iPhones a few years ago versus the price today. There are much higher number of smartphone brands today versus previously. Now look at the unsold properties in Malaysia. It’s also growing which meant that…
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LRT, PIL and PSR will start in Q4 2020.
Penang has a catalytic masterplan called Penang Transport Master Plan (PTMP). Within this plan are the Light Rail Transit (LRT), Pan Island Link (PIL) and the Penang South Reclamation (PSR) projects. The project delivery partner (Pdp) is SRS Consortium. A project delivery partner is basically the project manager who will ensure the projects are completed…
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Press Release: KSL Esplanade Mall Unveils It’s Key Partners
KSL Esplanade Mall, a project of KSL City Management (a wholly subsidiary of KSL Holdings Berhad) is look up to change the landscape of South Klang by unveiling their confirmed tenants which slated to open in 2021. The inaugural ceremony took place in One World Hotel, Petaling Jaya. Total of 65% from 650,000 square feet…
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Yes, the threshold for foreigner is RM1.5 million yeah.
I do wonder whether it’s the media (which did not do enough clarifications) or is it just the people (who just chose to ignore) when it comes to information dissemination. I guess it’s both then? Remember the RM600k threshold for foreigners announced by our Finance Minister which everyone has assumed that it’s for all unsold…
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Construction accident in Taman Desa. Two rescued.
At the time of writing, as reported in Article in thestar.com.my two workers in the construction accident in Taman Desa has been rescued. The second victim was successfully rescued after rescuers spent hours at the site. First victim was a Bangladeshi and he is currently seeing treatment in the Kuala Lumpur hospital. The 6th floor…
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Press Release: New Income Contribution From Newly Acquired Property Boosted Sunway REIT’s Earnings For Second Quarter Of Financial Year Ending June 2020 (2Q FY2020)
Key Highlights: Revenue increased by 11.7% y-o-y to RM155.8 million in 2Q FY2020, boosted by new income contribution from newly acquired Sunway university & college campus and improved performance across all segments. Net property income expanded correspondingly by 11.9% y-o-y to RM116.6 million in 2Q FY2020. Proposed distribution per unit rose by 8.9% to 2.45…
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Cement price increasing by 20-50%? Well…
Home prices usually move upwards unless of course the owners are selling below the price they bought for whatever reasons there may be. It may even go up because of coffee prices! Well… (click to read) . Anyway, there’s also the input costs which include salary for construction workers and the cement price. The latter…
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Slowest GDP growth since 2009. Not a good news but …
I am someone who thinks the Malaysian economy is diversified enough. Gone were the days when petroleum were holding us by the neck. Now, the effect is much smaller. As for the GDP growth for 2019, the number was lower than my own estimation. I think the Home Ownership Campaign could have been successful in…
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Press Release: Far East Consortium (FEC) launches ‘Aspen’ at Consort Place, Canary Wharf, London
Far East Consortium (FEC) launches ‘Aspen’ at Consort Place, Canary Wharf, London A remarkable new development set to reach new standards in comfort and design. Leading developer, Far East Consortium (FEC) is proud to launch Aspen, an exciting new lifestyle offering within Consort Place, which once complete in 2023, will sit proudly in Canary Wharf.…