Category: Kuala Lumpur / Selangor Props
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SKYROCKETing prices causing people to rent. Oh dear.
I personally believe there are still affordable properties in the market today. I meant the total market including the secondary market, the affordable homes being built today and not just the new launches. I also believe that as long as one is disciplined enough, one can buy a property, even if it’s just a 700…
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‘My project is’ xxx metres from a LRT / MRT? Here’s one 6 metres away.
These days, brochures will always tell all potential buyers how close their development is from the LRT / MRT station, usually a future one. Developers are trying their best to outdo the other projects by telling the buyers that theirs are nearer. Distance wise, it has to be below 500 metres so that one can…
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Investors coming back into the market, improving till 2020.
When we want to know the state of the property market, we could ask our friendly neighbourhood real estate negotiator (REN) friend. Seriously lah. The RENs are usually specialists in a certain area and they are usually friendly. 😛 We could also ask the Malaysian Institute of Estate Agents (MIEA) president Eric Lim Chin Heng. Please…
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Highland Towers redevelopment. A park perhaps.
I love public spaces in the many countries I visit. For example, the gardens in the many Australian cities I have visited are usually well maintained and it’s enjoyed by many families. Just a week ago, I was at the Menjalara Lake park. I think it’s well maintained and there were lots of people from…
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Median property price in Malaysia is dropping! Good or bad?
Median house price in Malaysia is dropping! Is this a bad sign for the market? 😛 The full article in edgeprop.my here. The median house price for the whole country is now at RM280,000 as at Q1 2018 and this is a drop from RM303,000 in 2017. It was much lower in 2012 which was…
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Deciding to buy a property? Think of the 4Ps
This article was first published in Property Insight July 2018 edition. Title: Deciding to buy a property? Think of the 4Ps. The first question that comes to mind before anyone buys their very first property is where to buy. That’s the reason why the mantra has always been location, location and location. One strongest reason…
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High end KL condos, future looks brighter? More units coming.
According to Nawawi Tie Leung Property Consultants Sdn Bhd (NTL), high-end condominiums in Kuala Lumpur has risen by 4.4% to RM784 per sq ft in the second quarter of 2018 (2Q18). (What this meant is that a 1,000 sq ft high-end condo should be priced at close to RM800,000. I think if the condo is priced lower…
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No SST on building materials does not mean lower home prices.
A friend rushed to complete his home purchase before GST started. He did not manage to do it in time. Here’s that earlier article: Oh dear, I missed the GST deadline to buy property Well, the story of GST has ended. In fact, this happened when GST ended and SST yet to start. People are simply…
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It’s not as easy as Airbnb. Especially when it’s a ‘resi’
In Penang, my good friend who’s a real estate negotiator always point to me that ‘this condo cannot do Airbnb’ or that condo cannot do ‘Airbnb.’ Well, I think it’s not just in Penang. Getting into Airbnb may not be that straightforward yeah. Especially those who bought into high-rise units, promised by the lucrative venture…
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Rental as a determinant of the property market. Sounds clearer.
I read a good article about the property market, property prices and rental by Rachel Ong, Professor of Economics, School of Economics and Finance, Curtin University. Here’s her thought in an article in domain.com.au In the article, she shared that whenever property prices are rising, it is usually assumed that it’s because of a shortage…
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Demand vs Supply is never perfect yeah. (It’s about demand and money)
I wrote this article many years ago. It’s about grabbing the opportunity when it presents itself. Here’s that article: Perfect Property with the Lowest Price. It is still true today and the foreseeable future too. Demand and Supply is always a very powerful equation. Marketing students study them and uses it to determine the highest…
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When average monthly rental reaches RM10,629 per month.
Nope, definitely not in Malaysia. It’s £2,000 per month in London. Here’s that report in homeandproperty.co.uk I know, suddenly everyone wants to tell me that I should compare apple to apple. Londoners are earning £, so surely they have no issues in paying for the £2,000. Noted. The average salary for people working in London as at 2017…