Category: Kuala Lumpur / Selangor Props
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Own a property? Banks rejected me. FundMyHome fulfilled me.
FundMyHome is a property funding platform where a buyer needed to pay just 20 percent of the house price while the remaining 80 percent is funded by institutions. Earlier article about it here. In other words, this is NOT the typical home loan that we are so used to. Is it popular? Briefly, I have…
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More new launches. RM1.8 billion by LBS.
One developer is optimistic about 2019 despite many people being negative about the current state of the property market. LBS Bina Group Bhd will be launching RM1.82 billion worth of projects this year. Its managing director Tan Sri Lim Hock San has also set a sales target of RM1.5 billion for this year, which is…
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LRT3 is important. Please manage it well.
Connectivity enhances productivity and economic activity. This is why countries like Singapore continue to enhance theirs. Its transport minister Khaw Boon Wan said, ““The Government will continue to heavily subsidise public transport – S$5 billion for buses, S$4 billion for rail renewal and S$20 billion for expanding the rail network in the next five years.”…
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Difficulty in buying a property is the issue.
I personally believe the supply is still way below the potential demand when it comes to property, especially within Greater KL. Thus the unsold property number which is being bandied about (article here) is incorrectly labelled as ‘oversupply’. Just look at Greater KL population for example. It’s growing by a few hundred thousand every year.…
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Knight Frank: 2019 will be a good year for property
Statistically speaking, when I write negative stuffs, the number of clicks are higher. So, this article may get fewer clicks. 🙂 Knight Frank Malaysia says that the sentiment in Malaysia’s property market will improve in 2019. The reason is due to the many policies outlined in budget 2019 which will strengthen demand, especially from first-time…
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Micro-housing? More details please. Maintenance?
Is Malaysia heading the way towards micro-flats like in Hong Kong? The answer is NO, at least not yet for the next foreseeable future. There are many things which the government could still do even if the buyers prefer to buy nearer to the place they work instead of families which may buy into townships…
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100,000 affordable homes per year to be built. (Yes, 100k)
I shared with a room of over 150 property investors on 5th Jan (Sat) that Malaysia is actually facing a shortage of homes and not really an oversupply of homes today. Fortunately for me, this room of people were all members of the KL & Selangor Property Investors Club. (Someone told me that combined, the…
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‘New’ RPGT to ‘assist’ unsold units reduction?
I received messages from a few friends as soon the below measure were announced: RPGT on gains from disposals of properties and shares in property holding companies (5% for individual and 10% for companies) even for 6th year onwards starting Jan 1 2019. “Is the government really that desperate for money?” Well, some say that…
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Increase in stamp duty delayed. Support for property market?
The stamp duty for property transactions above RM1 million was not welcomed by the market. Of course, the target was not the B40 or the M40 households but this will subdue the number of potential transactions from the more experienced investors and when the numbers suddenly drop, the first-time home buyers would definitely lose confidence…