Category: Kuala Lumpur / Selangor Props
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Leeway please, banks. Priority to the B40 for a home.
We should help all Malaysians needing a home to have a home. It may not be forcing them to buy immediately but perhaps the government could build homes and set them on the path of rent to own instead. Unsold units? Rent them out instead? Of course it could also be via providing them with…
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Watch March 2019 for stimulus and incentives
Governments play an important role in any property market because they act as an influencer. When the market gets too hot, cooling measures will be introduced so that the market will not burst. When market is lacklustre, the government needs to introduce stimulus and incentives to make it vibrant again. Malaysia has announced the stamp…
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Unsold units? Rent them out perhaps?
I am a believer of renting first and buy later if one does not have enough ‘financial power’ yet. Well, perhaps not at the current property prices vs median household income anyway. I agree prices have ran too fast but I also disagree that developers are fully at fault for property prices. Seriously, it’s a…
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Overhang units? We have none says CEO Datuk Chang.
Certainly a refreshing revelation. Budget 2019 was focused on reduction of overhang units. We even have the Home Ownership Campaign (HOC) 2019 as per earlier article here. All these point to the seriousness of overhang units and why reducing them as soon as possible will bring about positive sentiments. Then, I read this in an…
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Property market Malaysia is worse than 1999?
I have received / seen this piece of news a few times. “NST: Developers expect glut in property market this year” and here’s another one, “Edgeprop.my: Developers foresee dark times due to glut, worse than 1999 crisis” Somehow, everyone loves negative news. Even for kopiandproperty.my, every time I write about bad news, the clicks go…
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Impossible to afford a property? Never.
Anyone has this thought on their mind? What happens when property prices become higher than ‘severely unaffordable?’ Basic idea is that when the median property price is 5.1 times the median household income, it becomes ‘severely unaffordable.’ Calculation as follows: Median Income per year (RM100,000) x 3 = RM300,000 (This is affordable but usually not…
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6-month stamp duty exemption to all, not just first-timers (good suggestion)
Penang Rehda chairman Datuk Toh Chin Leong is urging the federal government to consider opening up the 6-month stamp duty exemption to all house buyers instead of just first-time purchasers. Article in TheMalayMail.com He shared that the association has submitted the proposal for the government’s consideration. He said, “We welcome the government’s move to introduce…
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Mont Kiara condos below RM600 per sq ft?
Mont Kiara is one of the most popular areas for property in Kuala Lumpur. Sorry to disappoint you. I do not have units in Mont Kiara for sale under RM600 per sq ft. I asked a few agents too. They have none, at this moment. However, I am very sure of this: As soon as…