Category: Kuala Lumpur / Selangor Props
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Lots of good advice for 2019 real estate goals.
First of all, 2018 has been a pretty subdued year for everything, not just property market. Somehow, majority of everyone seem to carry a negative sentiment in whatever they think and do. Many say they could not spend more when they travel overseas because ringgit kept depreciating. Actually, it has only depreciated a little this…
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Affordability of homes? It’s an issue EVERYWHERE.
A friend said that homes in Malaysia are getting way too expensive and soon no one could even afford one. I told him that every year we continue to have huge numbers of transactions running in hundreds of thousands. He questioned, ‘Then why unsold properties are so high?’ (Earlier article here) I replied, ‘let’s just…
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Unsold and completed rises by 10,000 units. Worry now?
Is this the time to worry about the property market? Honestly, if you were that someone who bought 4 properties at one go in 2012 and just got the keys to all the 4 properties this year, you should be worried. It’s likely that the prices are going to be weak because there are suddenly…
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The tallest tower in Malaysia definitely needs to have a mall too.
Do you know which is the tallest tower in Malaysia today? Nope, the tallest tower is NOT Petronas Twin Towers. That remained the tallest twin tower in the world and Malaysia too. The new tallest tower in Malaysia will be PNB’s Merdeka 118. Thus far there has not been too much news about the tower…
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Changing government will not fix affordability issue IF
A very confident friend told me the other day that the POWER to CHANGE the government is firmly in our hands. We were talking about the property prices and he said that the new government must ensure property prices are affordable to Malaysians. Else, the new government can also be the ex-government too. Actually, he…
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Knight Frank: Improving sentiment due to stamp-duty waiver.
I guess everyone who’s involved in the real estate industry knows that the market is slow. Somehow people are taking a longer time to decide what to buy. There’s good news ahead according to Knight Frank Asia Pacific Forecast 2019 that was released yesterday. Knight Frank shared that market sentiments are projected to improve as…
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Property prices falling: excess supply and cooling measures
This was reported by a UK-based newspaper, Financial Times (FT) about the property prices here in Kuala Lumpur. It said that the reason for average sales dropping by 4 percent since last July is because of two reasons; excess supply and domestic cooling measures. Judy Ong of Knight Frank in Kuala Lumpur said, “The inflation…
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‘Money not enough’ from beginning 2019 till July 2019
Important notice where money and loans are concerned. Article in thestar.com.my here. Nomura Research warned in its recent 2019 outlook report, that a number of countries in Asia including South Korea, Greater China, Singapore, Thailand and Malaysia may be experiencing a sudden shortage in the availability of money for lending, leading to a decline in loans available.…
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Will this lead to lower property prices in the near future?
One of the causes always mentioned as contributing to high property prices is the compliance cost. This cost includes the building of facilities by developers for utility companies. Developers say that if the compliance costs are reduced, the property prices would go down too since they would no longer be passing the costs to buyers.…