Category: Property news beyond Malaysia
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Of politics, IMF and global GDP forecast
Politics. A word which elicits lots of cynical smile these days regardless of which side of the fence you are on. It may even cause heated arguments. Well, politics is beyond just Malaysia. It is now weighing on the world GDP growth and the outlook is not that awesome. Reported in many medias recently was…
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Melbourne’s median house price is now $740,995
A colleague has just left the company and moving to Adelaide. A few reasons were mentioned but one key one would be the education for the kids. I think this is still a good reason as many Malaysians are there today for tertiary education. He said he has yet to look for a home because…
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Pound Sterling and US Dollar at parity?
When I was in Bristol, UK for my first degree, the Pound to Ringgit went up to RM8 to 1 Sterling Pound! Yes, that was in September / October of 1997. Well, those times have passed. These few weeks has been pretty bad for the Pound because of Brexit referendum. The UK public has made…
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Jakarta’s emergency law to attract real estate investments
Two years ago, I was in Jakarta and I stayed in a condominium cum resort within the Jakarta city. As usual, I looked up the price of that condominium and I was extremely surprised at its affordability. When I checked, I realised that foreigners are not allowed to buy properties in Indonesia, unlike Malaysia, Singapore…
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Gamuda Land’s 661 Chapel St in Melbourne, Australia
Australia’s property market is considered a more developed one than Malaysia. In fact majority of all property surveys in terms of overseas preference would always have Australia in the midst. For example: Malaysians’ overseas preference:Australia, Singapore, Indonesia and the UK Of course the property market could not be supported if only Malaysians are buying. In fact…
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Wanda City vs Disney, choosing one or going both
I have been to Disneyland France a 4,800 acres theme park in France a long, long time ago. I have passed by the one in Tokyo twice and I also chose not to enter the Disneyland in Hong Kong a few years ago because I read of the need to queue under the sun for…
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Phuket for the Chinese investors? Pretty real to me.
Phuket as a property destination? Possibly. I just came back from Phuket after short family vacation. It was my second trip. My 3.5 year old daughter enjoyed it so much that in the plane on the way home to Malaysia, she said, ‘tomorrow we go Phuket again, ok?’ I laughed and told her we can…
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Malaysia Q1 2016 GDP, slowest since 2009
Malaysia’s Q1 GDP growth is at 4.2 percent. Note the word “growth.” This is the slowest ever since the 2009. Private-sector spending grew 5.1 percent. Gross exports increased by 1 percent. Many other key economic sectors slowed too. According to Bank Negara Malaysia new governor, Muhammad Ibrahim, Malaysia would still achieve its forecast growth of between 4%…
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1.02 acre site can yield a GDV of RM1.91 billion.
How much gross development value (GDV) can we get from a piece of one acre land in Kuala Lumpur? These days, a small plot of land within the KLCC area would cost easily RM3,000 per sqft. Read here: Property prices, primelocations, embassy land sale However, on an overall basis, the land cost vs GDV remains healthy…
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Ringgit recovering, I stopped writing
A few friends who have followed me for some time asked me why have I stopped writing about Ringgit these days. It’s already recovering, right? Well, last year, I did write a few articles about Ringgit. Read one here: Summary Q2 2015:Malaysian economy, Ringgit and Zeti or this: 1998 vs 2015, just numbers no rhetorics In fact…