Category: Kuala Lumpur / Selangor Props
-
15th city in Malaysia about to be declared. Where is it?
I hail from Ipoh, the city which tin mine built. A city I am proud to call home and a city I will definitely stay most of the time after I retire. It’s the third largest city in Malaysia based on population size. There are 14 cities in Malaysia today. How does a town get…
-
Property prices. Rising too fast is bad for banks. (and owners too…unless)
If the property we bought for RM500,000 a few years ago is sold today and that new buyer is willing to pay RM600,000 for it, would the bank be willing to provide a 90% loan for this property based on a RM600,000 value? Or do you think the bank will prefer to use a lower…
-
Actually, where has my money gone to?! (after working for 35 years)
#1 Coffee. Starbucks Malaysia just opened their 300th store. Here’s that article Article in themalaysianreserve.com I have no idea how many cups do Starbucks Malaysia sell on a daily basis. However, if we take my personal latte consumption number as a calculation, then on a yearly basis, I would have bought 52 cups of lattes…
-
Property market is so-so? A developer just announced a 6 times higher net profit.
A friend asked recently why developers continue to build if they have not yet fully sold their projects? One reason is because they have to be responsible to the buyers who have decided to buy and they need to complete the home within 36 months from the Sale and Purchase Agreement (SPA) date. Second reason…
-
Record year for property market Penang, transactions wise. (which year?)
After my graduation, I worked in Penang for 15 years. During those years, I have stayed in Georgetown, Tanjung Bungah, Relau and the area before I move to Kuala Lumpur was Sungai Ara. Where transactions are concerned, Penang property market has been lacklustre for many years. However, it seems that the situation is changing, especially…
-
Foreign buyers and local buyers get the same protection. Great point yeah.
Actually, these days I do not try and convince anyone who thinks that there are better property markets outside Malaysia. In fact, I welcome them to proceed with whatever they believe is the best. I get no commission if they buy any property in Malaysia and it’s their money yeah. The usual debate is about…
-
Property Malaysia severely unaffordable, still? What’s the action then?
“Ringgit Malaysia is really not good,” a friend was lamenting many weeks back. The major reason? That smartphone model is now launched at EVER higher price than the price for its previous model last year. “Property prices are beyond the reach of most Malaysians,” many friends continue to give this comment every now and then.…
-
Banks are really still lending. Need some proofs?
Yes, there are differences between banks rejecting loan applications because they do not quality versus refusing to lend because they feel their own non-performing-loans (NPLs) are becoming too high. The former remains true. The latter is definitely untrue because our NPL is still very low even by international standards. Image below for reference from ceicdata.com…