Category: Kuala Lumpur / Selangor Props
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Condo transactions slow down and possible price correction
According to VPC Alliance Malaysia Sdn Bhd, James Wong, condo transactions would slow down and most probably face price correction. If this is true it will affect condo buyers like myself. Yet, somehow I agree. I think with the high growth in transactions beginning 2010 – 2011, the total number of completed condos should be…
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Property for rental – Kepong
My colleague bought a new property recently and told me that he has a good deal. I asked him why. He said he bought it for just RM240,000 but rental can be as high as RM1,300 per month. It got me interested and I asked for the name and I did some checks online. It…
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New project launches in 2014 – what may happen?
With the whole Malaysia property transactions going down except for Iskandar as at November 2013, what may happen to the new launches next year? I read comments by DTZ Nawawi Tie Leung executive director Brian Koh in The Star. He said, ‘Developers are likely to launch less projects, downgrade specifications, reduce sizing, squeeze on construction costs, and…
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Secondary property market, now?
Personally, whenever market slows down, it should be a good time for some bargain hunting. This is especially so when the market has been booming for many years and if you drive past a lot of condos these days, a lot of it are unoccupied even if owned by someone. If we were to refer…
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Let’s buy bungalows, why not?
If money is of no concern and you want your whole family to stay under one roof, would you buy a bungalow? Do you know how much are the most expensive bungalows which are listed for sale in Malaysia today? RM10 million? RM20 million? RM30 million? Well, the answer is more. According to propertyguru.com.my, the…
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Frothiness building up in property market – Nouriel Roubini
Google him and you would know who this person is. Need no explanation in the economics world. He wrote an article in The Edge recently detailing how the global financial crisis was triggered by a series of collapsing housing market bubbles. He mentioned US as the one most well known. I think all of us…
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First home? Buy Leasehold.
Why do I say so? I give you three reasons. Affordability. Availability. Actually. Huh? Actually?? Haha…. Affordability is because when you compare around, leasehold properties are almost always cheaper. Sometimes up to 15% cheaper. If you are buying your first property, buy something lower than what you can afford. It helps in your mortgage payments…
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SOHO / studio units – my personal opinion
A friend asked me for the 3rd or 4th time, why I have not bought any SOHO / studio units. I asked her, why do you like these small units? She said it can fetch high rental. Actually, that’s quite a true statement. Imagine paying just RM300,000 for a nice 500sf SOHO unit, furnish it…
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Penang property versus KL, which is more expensive?
My old friend asked this in Facebook today. He wanted to know which is a better to buy location. If you ask Penangites, they would tell you that Penang properties are too expensive. If you ask KL people, they will tell you look at Bangsar, Desa Parkcity or even nearby KLCC. How can Penang properties…