Category: Kuala Lumpur / Selangor Props
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Properties in 2015? Tough times.
The Real Estate and Housing Developers Association (REHDA) has a few negative news for the market for 2015. It said that 2015 is going to be a tough time ahead for their members because of the rising costs of doing business, tight monetary policy and also the new GST. I think the rising costs of…
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KL as a Mega-City
Greater KL should have 10 million population by the year 2020. Is this a lofty goal? Well, the truth is, if everything is geared towards making this a reality, then it is no longer just a dream. It is a goal which is happening even as we speak. Greater KL has a population of around…
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Slowing down? Unlikely.
Hands up, how many say 2015 is going to be another slow year for property transaction numbers? I see a lot of hands there. Well, I think all of you are right. However, are we looking at a prolonged slowdown? Well, the prices that some of the embassies are selling their land indicates otherwise. The…
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Buy secondary. 30-40% cheaper.
I think I have written on this a few times. It was also supported by my good friend from the industry, Michael Geh (Senior Partner of Raine & Horne International Zaki + Partners Sdn Bhd) Today, an actual number was given by the president of Malaysia Institute of Estate Agents (MIEA), Siva Shanker. He said…
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KL118? Make it happen, please.
KL118. This is my first article about this sort of controversial tower after such a long time that it was announced. GDV is up to RM6 Billion over a period of 10 years. Anyway, nothing was announced after that until recently. It was reported by a local English daily that 6 groups including a UEM…
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Land cost of 13% vs GDV? Higher flexibility for property prices
Last week, GAMUDA announced that it’s wholly-owned subsidiary, Setara Hati Sdn Bhd is in progress of acquiring a piece of 257.2 acre leasehold land in Tanjong 12, Kuala Langat. Total acquisition cost is RM392.2 million. For those who has not been following land acquisitions, this is considered quite a huge number, both the land size…
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65% probability – recession by end 2015
65% of probability for a recession by end 2015. Yes, you can read this on many news site online. This is the latest prediction by a company which was famous for its accurate predictions of the 1929 crash as well as the recent mortgage crisis beginning in 2007. The Jerome Levy Forecasting Center said that…
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Why Malaysia need 8 Million homes based on current population?
An article was widely shared recently. The main headline was that Malaysia needs 7.8 million homes. This is based on the 30 million population and a ratio of 4 to 1 home. The article further stated that as of today, Malaysia has around 4.7 million homes. Thus, you can see the huge gap between the…
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Easiest way to bring down home prices – build too many
There has been non-stop articles about this. The reason for house prices being so high is because there are insufficient number of houses being built on a yearly basis compared to the rate of urbanisation, etc, etc, etc. This may be true for some people but I seriously do not think so. The reason is…
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Property Prices too high? YOU might be the main reason.
This is not a joke. Seriously, during my talk in a Singaporean bank, a few of the participants were talking with me after my talk and we came to the issue of property prices being too high. It’s true, in some areas, RM1,000 psf is STILL considered very attractive while in other areas, even a…