Category: Condos and High-Rise
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Luxury car sales are up and yet property transactions are falling?
Last year, many friends changed new cars. Except for me who traded in my Persona for an Exora, all of them changed ‘better’ cars. Yet, these same friends were the ones who kept complaining that money has depreciated, so many things have become so expensive and GST will somehow kill the economy. As usual, they…
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Should I buy the 3rd car park?
If we are buying a new place with two car parks and there are available car parks for sale, should we buy one more? These days, all condos should come with 2 car parks. Read here: Condos should NOT come with just one car park A lady wrote in to ask about this. She had just…
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2016 is the worst for property market, ever.
What do you think of the 2015 property market? For those who wanted to forget the property market of 2015, it may be best to forget 2016 instead. According to Dato Seri Gavin Tee, “2015 was bad, and 2016 will be worse.’ He said this is due to the likelihood of a weaker economic growth,…
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Demand is selective or on the way up
Another crazy scene as reported. Take a look at the PTLM Facebook page image. According to the report, within the 2 hours of launch in the developer’s office, almost 82% were sold. This is the official launch of REV.O Suites @ Bukit Jalil City which is located next to Pavilion Bukit Jalil (nicknamed “Pavilion 2”) A…
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Is it good value? Good question, how to answer?
I have a small property lunch group. One is focussed only on landed. One prefers KLCC or its vicinity. One prefers higher end condo and traditional hotspots. I am the odd one out, my decisions always need some explanation. Haha. Well, recently I told them that I may be buying a new condo in Sandakan;…
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Locals may not be the first to buy; beware locals
They say, when we want to know about great food we should ask the locals. I agree. However, when it comes to property developments, especially the out of the ordinary ones, asking locals may meant you buy what only the locals like or you ended up not buying anything. When all these projects are successful,…
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Student accommodation, a profitable venture?
How much would a university student be willing to pay for a room? Well, for the parents for a first year student, they would be willing to pay a lot to have their children staying within a place managed by the university. It’s safer too. For these students, once they know the area well, they…
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20th anniversary, thus 20 percent discount!
20 percent discount for new property developments in Kuching? Okay, not every single one of them but only for one developer which is celebrating it’s 20th anniversary. Naim Group of Companies (Naim) is offering once-in-a-lifetime discounts of up to 20 per cent for selected property units until Nov 5 to mark its 20th anniversary. The…
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Stay safe, buy within affordability and stop bubble building
Property bubble will burst when majority of all properties in the market becomes so expensive that no one could afford to buy one. That’s why when everyone is buying above what they could afford and the banks still lend to them, we are staring at a potential property bubble bursting. Read here: Spotting signs of…
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Condos – more facilities does not mean it is better
These days, we can see new condos in the KL market offering ever more facilities. Tell me, should we just buy that condo with the most facilities? After all, more facilities meant it’s going to be more valuable in future, right? Haha. Let’s listen to a close friend of mine who’s a regional sales manager.…
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In future, renting is the best option?
This article first appeared in New Straits Times (NST) on 17 August 2015. A friend said that in future, no one would be able to afford a new home. Future generations would all be renting their homes. Look at the prices today. It’s already so high, how could anyone afford their own homes in future?…
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12 tips on inspecting condos
This article was published in New Straits Times on 4th August 2015. When we are thinking about our first property, it may be wise to also consider the secondary ones today. Just look at the prices of new launches of today, then browse online and get to know the available choices for the secondary ones.…