Category: Kuala Lumpur / Selangor Props
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Days of queuing to buy condos are over?
I was in Penang last weekend for a house warming party. One of my former staff had bought the unit many months ago and had just moved in. It was at IJM’s Summer Place, a condo which I ‘instructed’ my sister to buy and cancel her booking of another condo unit which was cheaper and…
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GST and Property, nothing much, sorry.
GST is a hot topic these days. Online, newspapers, radio, coffee shop chat topics. What’s in, what’s out, why so many items, why not make the list simpler? Why buy now? With GST, surely property market will slow down? Some say, with GST, property prices will increase instead because everything is up, how can property…
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KIDEX. Why the secrecy and why invite if not wanted?
KIDEX. I have said before, if they can prove that it is beneficial, I would support it. Developments are always good and no one should stop a development just because it does not benefit them or giving reasons such as the highway would cut through a 40 year old housing area. Apologies but that’s not…
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Still buying property? There are lots of bad news, actually.
These days, when people talk about property, they point to the lower transaction numbers. They point to the potential oversupply in Iskandar. They talk about the units without lights at night which meant that potentially prices will fall. Everything seemed to happen domestically. Have we forgotten about the world? How about the war in Middle…
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Budget 2015: MRT Line 2 – RM23 Billion for savings in petrol subsidy by 2020?
When there are more cars, the higher the petrol subsidy would be. How about there are more cars but there are less cars on the road on week days? As of today, it still sounds unlikely to me but we will see how the people would be persuaded to use MRT once it is ready…
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Budget 2015 – Property Related, Overall Summary
Yesterday, every major newspaper has Budget 2015 as its deadline. Today, every major newspaper has Budget as its headline. Not just newspaper but every online sites and perhaps every Malaysian business related sites. Ok, what should kopiandproperty.my publish today? Haha. Yes, let’s start with Budget 2015. In a glance, everything related to property is as…
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New property purchase guidelines in Selangor. Issues?
Recently, Selangor announced a new set of guidelines of property purchases in Selangor by foreigners, PR and foreign companies. Suddenly, there were many reports. Some said this is very bad for the market because these restrictions would cause the foreigners to shun Selangor. Some said, this will help to prevent foreigners from buying up everything…
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Passing on the cost of building to buyers? I don’t think so.
Recently, Credit Suisse said that developers’ cost of doing business has risen 20% in the first half of 2014. Thus their margins are being compressed and this cost will be passed on to the buyers. It said property sales, especially in the affordable segment has slowed since the start of the year due to cooling…