Category: Kuala Lumpur / Selangor Props
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Another RM1.88 billion coming into the property market
It’s always good to note that while sentiment among the first-time home buyers are not that positive, there are a lot of investors who have a firm belief with the long term potential of the Malaysian property market. Earlier article here: RM10 billion by CPCG into the Malaysian property market Now, we have another one.…
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Mildly positive and ‘less painful.’ Hmm…
I was giving a talk entitled, “The Key Driver for Property Demand will always be Affordability” in Starproperty.my Fair 2018 in KLCC and I asked the audience about Budget 2019. “How many of you here thinks the Budget 2019 is positive for you?” I looked around and none put up their hands. Perhaps they have…
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When everyone wants the property price to increase.
If we own a home which we are staying in, the main thing we are worried would be the maintenance part. We want to make it a comfortable one for the family. Water pipings and electrical wirings must been tip-top condition. Price appreciation will then come naturally, over many years of following the inflation rate…
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Lots of money to lend but not enough borrowers? Hmm…
Okay, I have always have this thought that banks love to lend and that the borrowers just have to qualify for it when they are applying for one. There are many who continue to argue that banks are no longer lending. In fact banks are now rejecting most applicants. Whatever thoughts one may have matters…
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Interested with Semenyih’s property potential?
I dropped by the GrenePark Village sales gallery in Semenyih a few days go. They were introducing ‘Lifestyle Suites’ to the public for the very first time. Honestly, I did not expect the extent of the number of visitors. Perhaps this is the first time, maybe. They served good street food which is a definite plus…
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Price to drop? Yes, if we sell lower than the price we bought.
We bought a new smartphone 6 months ago for RM1,600. Today, a new model is launched and is also priced at RM1,600. We fell in love with the new model and wants to get one to be ahead of everyone else. (I do not encourage this yeah.) When we sell our 6-month old smartphone, we…
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Finance Ministry: FundMyHome NOT a monopoly
I have been speaking to a number of property people in the industry. The question most of us have is when will there be other FundMyHome kind of initiatives by other companies. Currently we have just one which was officially launched by Finance Minister Lim Guan Eng two days after he gave his first Budget…
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RPGT is positive; raises revenue without taxing lower-income group
That 5% in RPGT announced in Budget 2019? Okay, most of my friends with properties said that it’s not good for them. One said, “Now I have to pay a few hundred thousand ringgit in tax?!” I laughed and said NO you will not. This is real property gains tax. So, even for a RM400,000…
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Stamp Duty on unsold properties and the RPGT for all
National House Buyers Association (HBA) says this in their website, “We are a voluntary, non-political, non-governmental, non-profit organisation manned by volunteers.” Over the many years that I have been reading their comments, I think they are pretty serious in doing what they do. I may not agree with their views all the time but I…