Category: Kuala Lumpur / Selangor Props
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Abolition of tolls in 2-3 months. (The decision lah…)
A long long time ago, our 4th Prime Minister asked a company to build the North-South expressway. Actually, no one knows if the company will be profitable when the expressway is completed and the tolls started. That was why some people say it is a waste of money and even objected to it strongly. Fortunately,…
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Two Sumos wrestling in your living hall?
Fancy staying in a home where the living room is huge? Within a mature neighbourhood with a Kuala Lumpur postcode? Trinity Group held a press event last week for the launching of Trinity Pentamont in Mont Kiara, Kuala Lumpur. The highlight of the event was sumo wrestling in the middle of the unit! Nope, not…
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Property prices should come down, as long as ….
There is this event called Housing and Property Development Colloquium organised by Kingsley Advisory & Strategic Initiatives (Kasi) Institute. The theme is “Reimagining the Housing and Property Industry in the New Malaysia.” (It’s a pretty wide topic. Perhaps what they meant is that let’s restart?) Anyway, the full article in EdgeProp.my is here: Home prices can come…
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Regulating the house prices will NOT be easy
Reported in Edgeprop.my: JPPH proposes Housing Price and Cost Control Committee were two sentences from Valuation and Property Service Department (JPPH). “JPPH does not play a role in controlling the price of any property including residential property but plays a role in providing important property market indicators so that the market remains secure. House prices are…
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Cut prices please, Mr. Developer? Well…
This is an interesting view from a property industry observer about the property prices here in Malaysia. The full article is in edgeprop.my here: Developers must cut profits to lower property prices. Basically, in order to reduce the price of properties, the developers must cut their profit margins. “This is the only component of development costs…
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Unsold homes still growing… (Bad news right?)
It’s hard to shake off the perception that unsold homes means a property bubble is about to burst. It really depends on whether there are still units which are priced under the affordable category. Some friends continue to tell me that they will be rich when the market crashes because they did not buy a…
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Target price, downside risks and new national housing policy
Price is what we pay and value is what we get, says Warren Buffett. This is the same in every investment. If we buy an undervalued stock, we will soon gain when the market realises its value and pushes it up. If we buy an undervalued property, when market gets better, the price would move…
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SST exemption may not be permanent, IF…
I was at REHDA Institute’s CEO Series 2018 yesterday and the guest of honour was our Finance Minister Lim Guan Eng. After officiating the event, he stayed back for a press conference. One major issue got everyone talking right after his press conference. He warned developers that they need to reduce house prices on a national…
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IJM Land’s RM275k Suria Pantai affordable homes just 3km to Mid Valley
Press Release by IJM Land & Amona Development. RIGHT IN KL AND DOESN’T COST MILLIONS?! IJM Land & Amona Development launch the ultimate home for you to work, live, and play. Young professionals and families looking to start a home—hear ye, hear ye! Smoothen those furrowed brows because IJM Land and Amona Development have built…