Category: Kuala Lumpur / Selangor Props
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Using ‘bad debts’ to buy ‘good debts’?
Everyone tells us that we must always aim for good debts. Property mortgage is considered a good debt that everyone must have. This is very true. However, if you have to borrow ‘new’ money instead of own savings in order to buy a property, how can this be a good debt? You have no money…
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Land prices, new projects and debts vs GDV
Reported in a local English daily. How much is a piece of land measuring around 144,000sf? It is said to be worth between RM360 million to RM400 million. Yes, this is ONLY the land price. Construction is a totally different thing altogether. Of course, this piece of land is very close to Petronas Twin Towers.…
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Stay focussed. 1MDB is not your concern.
A reader asked me a few days ago if he should proceed with his property purchase since 1MDB is such a huge issue. He asked if it would cause the collapse of the economy and bring with it the property market. Of course, if this is the case, it may be best to wait till…
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The importance of size vs affordability
Hong Kongers love bigger space. However, they are also acutely aware of the affordability factor in their home purchase. Thus, if they have a roof over their head and that small space can be turned into a wonderful home sweet home, they would buy. I am not sure if this is starting in Malaysia but…
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Rental is softening. Good news I guess.
In one conversation with a close friend many months ago, she said she wanted to find a property which offers good rental yield and good capital appreciation. Today, one piece of news should offer her an opportunity to get this at the same time. According to Knight Frank Malaysia research and consultancy executive director Judy…
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6% GST but property prices up 6.2%
In a local English daily, it was reported that REHDA President, Datuk Seri Fateh Iskandar Mohamed Mansor announcing that as soon as Goods and Services Tax (GST) starts, it will push property prices up by 6.2%. This is due to the tax being applicable to some building materials. This is indeed a bold prediction. Is…
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I could not afford a house, yet.
In an article by quite a famous online news site, it gave many reasons why many middle and low income earners could not afford a property. One major reason was because of the fast price increases in Malaysia for the past few years. In fact, many are postponing their house buying plans and save money…
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Politics no. Interest Rates and GST YES.
The ‘war’ has been intensifying day after day. The ‘other’ side is always wrong no matter what they do, if they do or even if they don’t do. Yes, politics Malaysia. Fortunately, for commercial property investors, this is not at all important and should not affect their decisions of other to buy or not to…
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Household Debt Malaysia? Better.
First of all, the household debt to gross domestic product has risen marginally to 87.9% compared to 86.8% a year earlier. Actually, in percentage, it’s getting worst! However, look one level deeper and we can heave a sigh of relief because 80% of all new loans had a debt service ratio (DSR) of less than…
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High-rise occupancy is 69% in KL.
Reported in a local English daily. According to CH Williams Talhar & Wong managing director Foo Gee Jen, the average occupancy of high-rise residential property in Kuala Lumpur for 2014 was 69%. With more new completion of high-rise residential developments in 2015, this will definitely lower the rental yield as well as the average occupancy…