Category: Kuala Lumpur / Selangor Props
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Crest Builder: Higher sales, higher profits (good sign for industry)
If we ask our real estate negotiator friends, nearly all would tell us that it’s harder to sell to prospective buyers these days. So, is the property market in trouble? Asking the first-time home buyer or even the ones who are still waiting to buy may not yield the best answer. It’s better to look…
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Erm… this limitation is NOT needed. IMHO. KL is a CITY…
On a yearly basis, I visit the pubs / bars probably 12 times. That’s around once per month. I do not usually stay past midnight. However, if anyone were to ask me if I think the cars / pubs should just stop their operations at 1am, my answer is of course not. Are we asking…
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Discovery Park by Gamuda to be ready in mid-2019
New townships are in focus these days. They are usually found over 30 minutes from the city centre. This is where developers could have a large piece of land for developments over the next 10-15 years. Every developer is trying to build up the attractiveness of such a township because they are usually not your…
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Malaysia’s AirBnB fastest growing in Southeast Asia! 99% increase.
Thinking of short-term rental instead of the usual yearly renewals like today? Well, the first thing will be to make sure that the place you bought for AirBnB allows AirBnB in the first place. Else, the owner who rented out his place under AirBnB could be fined even up to RM200 if they are caught…
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KLCP 2020 public consultation, Taman Rimba Kiara and corruption
I have been to Taman Rimba Kiara a few times with my family. My kids love it. Perhaps the only issue is that it’s not easy to find parking during the peak periods when people are there for their morning exercise. I always wish we continue to have more green lungs instead of lesser. Thus,…
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Klang Valley: Oversupply in commercial segment, updates.
Article from TheStar.com.my According to Jones Lang Wootton’s in-house research, a total of 13.332 million sq ft of office space, in the form of 33 office buildings, is scheduled to be completed in the Klang Valley over the next 30 months, and almost half of this, 6.586 million sq ft is scheduled for completion in the…
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National Housing Policy – social renting, private renting and ownership
It’s very important for the government to have programmes for the B40 households. If this household really could not yet afford paying for a home via mortgages, then getting them to pay the lowest rental possible is necessary. The reason is because once people pay too high rentals, they have no savings for future. In…
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RPGT is to be calculated based on value from year 2000, not before.
I think my good friend in Penang will be slightly happier. He was asking me about the properties he acquired long ago which he needed to dispose now for his daughter’s tertiary education. He will ‘lose’a lot due to the sudden announcement of the 5 percent Real Property Gains Tax regardless of how long one…
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Luxury properties KL? Rising up but much slower than average.
Prime Global Residential Cities Index Q3 2018 launched by Knight Frank showed that the price of luxury properties rose 2.7 percent on average across 43 cities. This represents the WEAKEST performance in annual terms for almost 6 years. Article in NST here. Knight Frank Asia-Pacific head of research Nicholas Holt said: “Prime residential markets continued to slow…
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Rental housing for B40 under Residential REIT by Rehda
Without a property, it’s usually poverty when one retires because by then, the income has stopped and yet one still has to pay for monthly rental. However, it is equally important to note that the downpayment is a huge issue and many times, rental is the only option a household may have at this point…