Category: Property Penang
-
Mainland Penang becoming more popular? Maybe.
Everytime we talk about Penang property market, the focus is always on island. The expensive island. Ken Lim the founder of Penangpropertytalk.com told me that hit rates rises whenever he posts any island related developments are always higher compared to mainland and this is still true today. Recently, with the completion of the second Penang…
-
Third best in the world to retire, Georgetown Penang. Why?
George Town, Malaysia has been ranked 3rd best place to retire overseas by Live and Invest Overseas in its 2014 Overseas Index. lI have never heard of this index before they rated Georgetown so high. Anyway, as long as they list us high, we should get to know them. The few key reasons stated: (from…
-
22,500 affordable units to be built in Penang over 10 years
According to Penang’s Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo, a total of 22,500 affordable units will be built in Penang over the next 10 years. Thus, private developers should grab this opportunity to be part of the ventures. This is especially if the partnerships can be built between Penang Development Corporation…
-
SEAPA Malaysia 2014 – Best Developer Award – Sunway Berhad
If you ask me what are the top three criteria I would consider before I buy a property, none of it would by the awards that the property developer has won. Seriously, I have not heard of many friends who buy a project because the developer has won lots of awards. If this is the…
-
Loan rejection, buyer quality, build quality and promises
Mah Sing announced recently about their RM3.4 Billion worth of development in both Penang and Kuala Lumpur over the next 5 years. Two of the projects would be located in Penang while another two would be in Kuala Lumpur. They are The Coastal (RM320 million) in Batu Maung and the Ferringhi Residence Precinct 2 (RM750…
-
Why is there a difference between current price and new launch price?
In my recent article on, Buying Penang properties? Affordability means RM600 – RM700psf., it received quite a lot of interest and it quickly became a top 3 article for the week. One particular person asked me, if this is true, then why are condos in Sungai Ara still below RM600 psf? Actually, all new…
-
With GST, demand may slow down next year. True?
Reported in the Star on 29th July. According to UEM Sunrise Bhd’s executive director, Datuk Izzaddin Idris, after GST is implemented, demand for homes may slow down. This is especially do in the second quarter of next year. This was also based on the scenarios in other countries which has implemented GST. Thus, the environment…
-
No. 218 bungalow in Macalister road torn down for 218 Macalister?
If you have been to Penang, you would note that there are many heritage buildings and areas which are well preserved. Of course, I would like to see the maintenance be continuous and there’s always much to improve but I would say I am happy enough when I cycle around Georgetown, taking photos and understanding…
-
Property market is slowing. Agree. However, there are today MORE interested people.
Last year, during the The Star property fair in Penang there were around 39 developers / exhibitors participating. Actually, in terms of numbers this has gone down. I remembered the last one that I went, there were easily 50 over booths including my former company which had a prominent one too. Perhaps this reflects the…
-
MIER, The ‘cooling phase’ and the right price and right attitude
In a report in The Star (24th July 2014), it was reported that Malaysia’s residential property segment has entered a ‘cooling phase’ in the first two quarters and will continue to be ‘moderate’ for the third quarter according to the Malaysian Institute of Economic Research (MIER). The main reason was because of the macro-prudential measures…
-
An Update of the RM299,000 condo in Penang. ‘Short cut’ offered.
Earlier, when I wrote about this: 800sf CONDOMINIUM for just RM299,000 – Better be quick it garnered a few thousand views within hours. This is an update. It seems that there are people who are trying to cheat applicants for these units of affordable properties. The modus operandi is that they will tell the people planning…