Category: Kuala Lumpur / Selangor Props
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When over 30 percent homeowners reduce selling price?
It is usually alarming when we read some property related article telling us that the homeowners are slashing their selling price just to sell. What if this is compounded by revelation that the total homeowners who are reducing their selling prices are over 30 percent of all sellers? According to property website Zoopla, UK homeowners…
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Q3 2018 – Malaysia’s new tallest building opens for business. 🙂
Do you believe that tall commercial buildings are usually completed when an economic downturn is coming? Personally, I do not believe such a prediction or study. I only believe that sometimes, it’s just plain unlucky that the tallest building was completed during an onset of a economic downturn. However, as long as the builder has…
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You also need to pay for stamp duty too, okay?
It’s hard to save the first 10 percent downpayment for that first property. Somehow, everything seemed attractive at the shopping mall right? Actually, that’s not all we need to save. I think people buying their first property do realise that besides just the downpayment and lawyers’ fee, we have to also pay the stamp duty.…
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Demand is definitely robust. Jobs, Banks, Developers and us.
Many months ago, a friend who’s working in the developer was asking me about the property market. He said that the conversion rate from people who dropped by the sales gallery is getting very low. It used to be far easier to close a sale. This was my answer then and this is still my…
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Just EcoWorld or is the property market improving?
EcoWorld is a name known to virtually anyone looking to buy a property here in Malaysia. No surveys done, just a guess. It has just reported a set of encouraging results for the financial year ended 31st October 2017. Yes, this meant that its financial year would be 1st November to 31st October. Q1, Q2,…
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Median property price KL? RM530,000. Approval rate? 77 pct.
Do you know that the median property price for KL is RM530,000 for 2016? Source: NAPIC, Malaysia. Median household income for KL? RM9,073 for 2016. Source: Department of Statistics, Malaysia. The approval rate thus far? 77 percent. In other words, nearly 80 percent of all applicants do get their loans approved. Take a look at…
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Travel to SG whether flights or HSR
Do we know how connected is Kuala Lumpur (KL) to Singapore (SG)? Referring to skyscanner.com.my, there are a total of 357 flights from KL to SG per week. That’s 51 per day. Taking out 8 hours of sleeping time, that’s still nearly 3 flights per hour. In other words, we may have a flight every…
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Own office and work alone? Co-work and get more benefits
The startup scene in Malaysia is an exciting one. Let me just name a few which is now the envy of many Malaysians. They started just a few years ago. They include GRAB (yeah, that new challenger in the taxi scene which is changing the whole industry. I already have 3 friends who relies only…
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Yes, you can build homes over RM1 million, IF
Yes, developers can still proceed to build homes of over RM1 million in big cities. (I think this includes the usual few like Kuala Lumpur, Penang, Kota Kinabalu and Johor Bahru). This was just reported in the article in NST. Developers can build houses above RM1 million if they meet requirements. They can build as long…
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Oversupply to last 5 years. That’s until 2022…. ?
It’s a popular topic these days. In fact I have been asked no less than 3 times by a few different Whatsapp group. Only one of those three groups are related to property investment. Haha. Well, we have another prediction, just a few days ago. This time from one of the top three international rating…
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Lesser uncertainty, better for property, definitely BUT.
Whether we work in the Klang Valley or Penang or JB or even KK. If we have some money that we would like to invest in property but there is a significant event coming up which we feel may affect our investment. Depending on the outcome or the timing, it may have some effects on…