Category: Condos and High-Rise
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Why RM40,000 for a car park and not lower?
Someone asked me the other day about my latest car park article which asked that everyone should buy an additional car park if the condo came with just one. In fact the calculation of price per sf should take in an additional RM40,000. Why RM40,000? There are some developers who are selling lower. If the…
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Car parks, do not be oblivious to the obvious
Assuming a condo project is launched today and the sales person at the showroom told you that the price after discount is just RM550 psf and you think the location is still okay what should be your next question? I think it should be “how many car parks”. This is an important factor which many…
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Too many condos, don’t buy condo
Yea, this was what many friends are saying today. There are just too many condos. Stop buying condos. May I ask if I do not buy a condo, then what do I buy. Buy an apartment? There are even MORE apartments. Buy a flat? Are you sure? There are even MORE flats. Or I should…
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Developers, once stamped, tough to change their spots
I woke up in my sister’s condominium in Penang and took the picture below. She bought a unit on the 11th floor after I ‘forced’ her to cancel another booking she did with project X. The reason I forced her to cancel was because of the developer. I did not like the developer. This is…
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Low Density is NOT luxurious, ok?
One point that is always being mentioned by developers who are developing a small piece of land and thus could not build many units is this. “This project is low density and thus it is luxurious.” In fact, I think I have many friends who have remarked to me many times that when a project…
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Buying property? How much is too high, really?
In a famous property guru’s Facebook, he asked the question of whether should he accept a deal from a developer who was asking him to help them sell their RM1,200psf condo which was within just few km from KLCC. The responses were mostly negative. RM1,200psf is looked upon as very high today with current sentiment.…
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Condos should NOT come with just one car park
My good friend excitedly told me that she has made her first purchase of a property. The said property is a new condo in a popular area with a mall right beside and a reclaimed beach within some walking distance away. I asked her what is the price per sf. She said the size is…
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Three major reasons why landed is better than condo. Hmm….
Today, I had lunch with a very capable young friend. She is many years younger than me but she already owns her own business in partnership with a very prominent personality here in Malaysia. A rich one. Over lunch, we were talking about her first property and I asked why is she not thinking of…
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Average increase in house prices are between 8 to 12.3 percent per year
As per reported in newspaper, the average increase in house prices are between 8 to 12.3 percent on average per year. This is as per Valuation and Property Services Department. While it did not state the time period for this average but from what we can see thus far, from the days of the crisis…
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Secondary condo, Secondary landed. Buying one.
A friend asked me the other day, ‘if I were to buy a secondary condo and it’s already 15 years, I think I have to do a lot of stuffs, the piping, the wiring etc.’ Then he said, better buy landed, not so problematic. Yes, it is true. For example, piping may not be easy…
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The changing condo versus the loved landed. My views.
Many months ago, I wrote about condo transactions going down. Recently my friend told me that she was right. Landed properties are the best because it is more limited in supply. I told her, yeah true. That’s why prices will continue to inch up. However, this is also dependent on the whole market and not…
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Roof over your head and ever smaller sizes? Hmm.
No matter how rich or poor you are, you need a roof over your head, true? True. Next question, buy something within your budget but where? Far away and be jammed when it rains heavily or buy much nearer and closer but much smaller units? Walking distance to the new future MRTs. Prices in Hong…