Category: Kuala Lumpur / Selangor Props
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Financial risks, household debts and lower income households
We should always be mindful that high household debts vs the GDP is dangerous to the economy. Everyone tells me this all the time. This is especially when the household debts are growing faster than the economy which meant that one day in the future, it may be higher than the GDP. So, the trick…
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AFTER general election, the property market transactions to increase
We should always leave the predictions to property experts. So, who are the experts? Actually, most of us are property experts in our small way, especially those who stay in some not so popular areas. Haha. You would know exactly about new shop openings in your area. In fact when McDonald’s and a new bank…
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When units on my left and right are auctioned off…
Are there many units being auctioned off by the banks these days? With the slowdown in the market, many owners who overstretched themselves a few years ago due to Developer Interest Bearing Schemes (DIBS) may now feel the heat. What happens when we own a unit within a development which has just been completed a…
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Property market recovery only in 2020 / 2021
Should we be happy if the current lacklustre property market is expected to recover only in 2020 or 2021? Many may actually be hoping so because this would help salary increments to catch up with property price increases. You know, those complaints about property prices being WAY TOO HIGH? Or that due to it being…
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Lower gearing for MRCB after Kia Peng land sale, two more to go?
This is a developer listed in BURSA with a market capitalisation of over RM4 billion. It is the Project Delivery Partner (PDP) for Kwasa Damansara. Reported in many media recently. Malaysian Resources Corporation Bhd (MRCB) is selling a piece of prime lan along Jalan Kia Peng here to the Social Security Organisation (Socso) for RM323mil.…
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High property prices is never a good sign, regardless of country.
It is not a good sign if property prices keep moving up much faster than the salary increments we receive every year. Of course if we get a promotion, the typical increments may be 15-20 percent and this is faster than the typical increment in property prices. However, not everyone gets a promotion every year.…
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Rent-to-own scheme for People’s Housing Project (PPR)
I remember a senior manager for a developer in Johor who told me this many years ago. He says that everyone should have a home that belongs to them so that they do not continue to face the prospect of ever higher rental or being forced to move every few years. He shared, ‘The reason…