Category: Property Sabah
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The ‘harmai’ prices and development claim
Is is true that with more developments, prices would increase continuously? Perhaps up to a level deemed too high? If this is the case, perhaps we should not have developments. Should just stay at levels where everything is cheap and at worst, affordable. The reason this topic came up was because a colleague and I…
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Having a targeted property is important, before decision
Whether we decide to buy a new unit or sell an existing unit. It’s important to set targets in advance. A colleague told me that she wanted to sell her commercial unit and use the funds to buy other residential properties. She asked if it’s a good idea. I told her that if it’s me, I…
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“Ya Bi” – New malls, new investment destination
Did you know Kota Kinabalu is also a property destination for many people since many years ago? Yes, “Ya Bi” is just the mandarin name for Kota Kinabalu. Let’s talk about their malls scene today. Do you fancy shopping in Kota Kinabalu? Anyone who’s been to Kota Kinabalu over ten years ago would have shopped…
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Kota Kinabalu, one of the best for MICE in Asia.
I travel to Sandakan at least twice a year. For Kota Kinabalu (KK), I think I can safely put the average as once per 1.5 year. I always see it as vibrant and growing with potential for even more growth. There are not many places in the world where you get the sun, sea, mountain…
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Sabah property market: A debate between minister and Shareda
State Ministry of Local Government and Housing Minister Datuk Hajiji Noor has asked the developers in Sabah to reduce the prices of some houses as the developers have been getting profit margins exceeding 30 percent for them. This is needed because the people are finding it tougher to buy a home to call their own.…
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Property prices down 10 percent, approval in 12 months.
Some Kota Kinabalu centric news. Sabah Housing and Real Estate Developers Association (SHAREDA) has submitted a memorandum to Local Government and Housing Minister Datuk Hajiji Noor with a proposal which will see approval time for development plans to be reduced from current 30 months down to 12 months. According to its president Datuk Francis Goh, it also…
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Average of RM419,000 is indeed quite high, actually.
The average price of properties in KL is RM655,000. I consider this to be quite high when I look at the typical salary of majority of my colleagues. Fortunately, the average price in Selangor is just RM430,000 which I consider as acceptable as long as one does not simply spend all his salary on useless…
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You make it Faster, I make it Cheaper.
This is a good challenge and it should be reported by all medias. Datuk Francis Goh, the President of the Sabah Housing and Real Estate Developers (SHAREDA) said that one major contributor to housing price increase is because of the delay in development approval. In fact, he outlined clearly why if the development approval is…
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Kota Kinabalu property market, shortages soon?
How many foreign workers would you find in a construction site in Sabah today? Well, except for the site supervisors, I think nearly everyone is a foreign worker. Of course, not just true for Sabah but also Peninsular Malaysia too. The problem with over-reliant is that if some unforeseen circumstances do happen, it will affect…
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Property prices up due to GST? Developers should just absorb it.
In an online news portal, it was reported that The Royal Institute of Surveyors Malaysia (RISM) would be conducting a study on reasons as to why property price increases and provide recommendations on remedy by end of 2014. I think RISM can also talk to HBA, REHDA, MIEA etc and everyone would more or less…