Category: Kuala Lumpur / Selangor Props
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Lending to everyone is not helping the borrower, actually.
If we are buying a RM300,000 property and could not get our loans approved, should some financial institution approve it so that we could still buy that RM300,000 property? Well, there is a potential new bank which will be set up to lend to borrowers for homes worth below RM300,000. Okay, there are no further…
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Kids are really ‘rich’ these days. In future, ‘poor’ for property?
I had a dinner appointment in Plaza Batai, Bukit Damansara, KL with a bunch of university mates (juniors). Since I arrived very early, I dropped by Yellow Brick Road for a drink. The Mixed Berry Lemonade is RM15. I think it’s expensive but still better value for money than the bottled fruit juices in Starbucks.…
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High-end properties are in demand. Lively secondary market.
Bungalows are considered a luxury property and actually even landed properties in some exclusive neighbourhood can be pretty expensive. My personal definition of pretty expensive luxury? Anything above RM3 million. Just last month, a detached home was sold for RM5.25 million. The buyer said that the home was in a very exclusive neighbourhood and behind…
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Lots more new brands to enjoy, really. Cheaper and better please.
Here’s one article not too long ago. Closures ALWAYS point to ‘tough outlook’ Coming back to just days ago, my old friend is still insisting that the Malaysian economy is in trouble and that if the election result is not up to his expectation, Malaysia will go bankrupt within 5 years. Anyway, everyone’s entitled to…
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We should always worry about property bubble potential right?
Yes, I am worried with advanced property markets when their markets have way too high property prices and their banks with way too relaxed lending. Hopefully they can learn something called ‘Responsible Lending Policy.’ 🙂 Anyway, when prices too high and lending too relaxed are combined together, disaster is sure to strike, sometime in the…
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Affordable housing to worsen the unsold units?
Can unsold units get worse? Well, it seems to be nearing the bottom,some say. Worst over for the property market? Or getting worse? Well, here’s another Interesting article in EdgeProp.my “Affordable housing influx may worsen overhang situation.” As reported by The Edge weekly – A growing supply of affordable housing – variously defined as priced below RM500,000 to…
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Worst over for the property market? Or getting worse?
Just a few days ago, potential investors from Penang travelled all the way to KL to view a project in Sungai Besi. If you are not thinking about property investment, would you take a bus for nearly 10 hours just to view a potential property and listen to a 2 hour talk? Anyway, demand is…
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About the unsold units? We still need more units, actually.
Do we worry about the ‘extremely high’ unsold units yet? We should worry if all these unsold units are very cheap and in awesome locations and yet nobody wants to buy because they could not afford. Maybe it is because the job market is bad. No one could afford because they do not have a…
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Will the market get better? Does it even matter?
Somewhere in Kuala Lumpur some days back. “Charles, do you think the property market will improve in 2018?” I answered, ‘Of course NOT! It should continue to slow down for a few more years because I need time to save downpayment for the next one.’ My good friend laughed and I laughed too. Anyway, seriously,…
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Frankly, are we aiming to own only one property? (TODAY?)
How many of us here believe we just need to own one property on the day we retire? There’s nothing wrong with this thought! 🙂 The reason is because there would always be many who may not own a property or thinks owning a property is far more expensive than renting forever. Let’s be objective,…