Category: Property Penang

On and off, we hear the grumbles from some of our friends that the property prices are expensive. Then, when I pointed out that it is not true and that they can still buy apartments for less than RM200,000. Their answer was, they wanted a condo instead. Then, when I pointed out that for a…

Penang Properties – Now we get serious – GDV of RM25 Billion

Apr 27, 2014

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A good news for Penang property market, even if majority of us including myself may not be able to afford it. Eastern & Oriental Bhd (E&O) has gotten a conditional approval from the Department of Environment (DOE) to develop the Phase 2 of its Seri Tanjung Pinang (STP) Project. It was reported that they have…

Slowing down property market, cutting corner developers, what a combination.

Apr 24, 2014

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A friend asked me just yesterday if she should consider buying a new condo project in Penang. It is 700 plus sf and comes with one car park. I said, ‘Huh? Only one car park?’ It was priced at RM650psf. I told her, I do not like any condo project which still gives just one…

Penang Property market slowed down – Updated

Apr 21, 2014

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From Penang, I got to know that one developer who launched its condo project without free car park is now giving one (1) car park. However, my expectation for ANY new condo project is two (2) car parks. Thus far, this has been true for all new launches from established developers as well as newer…

Freeze! SOHO in Penang.

Apr 19, 2014

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Recently, the Penang Island Municipal Council (MPPP) classified the two 26-storey condominium blocks of One World and One Sky in Bayan Baru as commercial property. This meant that electricity, water and assessment rates for these two condos are under commercial, in other words, higher. The owners are complaining that the rates are way too high and…

My condo is LOW DENSITY – are you sure?

Apr 10, 2014

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This is a very interesting topic. In fact, most recently two friends were debating about the condos that they were buying. A said, ‘It’s not worth paying so much for a HIGH DENSITY condo and the developer brand premium. Mine is almost same price but it is low density and I do not need to…

Property Investment and the decisions we can make or delay

Apr 7, 2014

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in Condos and High-Rise, Iskandar / JB Property, Property Penang

We have heard way too many news about foreigners buying so much of Iskandar that the locals are losing out. Is this true? Actually, this is TRUE, at least for some periods of time. In a report by IRDA (Iskandar Regional Development Authority), in 2007, the foreign investment ratio was 45:55. In other words, foreigners…

Balik Pulau properties – ‘I cannot accept’.

Apr 6, 2014

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‘I cannot accept Balik Pulau’ I remember this guy clearly from a property show some time back when I was with my previous company. He was browsing through Penang properties via a notebook provided and he clicked ‘Balik Pulau’. So, I went up to him and casually asked, ‘Thinking of Balik Pulau properties?’ He said,…

Negative effect, thus Negative Go-Ahead suggested – STP2, Penang

Apr 5, 2014

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Today, in The STar online, THE Consumers Association of Penang (CAP) and Sahabat Alam Malaysia (SAM) have asked the state government to scrap the proposed Seri Tanjung Pinang Phase II (STP2) land reclamation project. The main reasons given was that the project has a negative impact on the environment, especially the loss of coastal resources.…

Catalyst for Suiwah, Penang – Sunshine Tower

Mar 30, 2014

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I seldom buy property stock. The reason being they are cyclical in nature and sometimes if you buy during the wrong cycle, the prices may take a long time to recover, if at all. Nevertheless, recently I read an interesting news about a new property developer. This is Suiwah, which owns all the Sunshine chain…

Middle Income Singaporean household and Penang connection

Mar 29, 2014

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