Category: Property Penang
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Steps to start your property investment
Assuming that you have accumulated sufficient downpayment for a property. We also assume that you have a stable job which will enable the bank to approve your mortgage loan. What would be the next step that you should take? Goal / Objective: Understand why you want to buy in the first place. There are so…
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‘Syndicates’ in auctions
Within a day of publishing the auction articles, the views hit close to 200. A few asked about this question. ‘Syndicates in auctions’. I posed this to Mr Stephen soon, the Chairman of Penang Auctioneers Association and he smiled as he replied me. A write up of his reply and some additional notes from me.…
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Penang Properties the bright spot in uncertainty
I read in The Star that RHB Research is bullish about Penang properties. It gave two reasons, the opening of the new Penang Bridge as well as the potential of many good news. Actually, I do not think the second bridge would suddenly bring up prices within 2014. It is definitely a good thing but…
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Buying auction properties – Part 2
Two more reasons given by Mr Stephen Soon, the chairman of Penang Auctioneers association and MD of MNP Auction Team as below. Property investment is about ROI. Return on Investment. Today, when you buy any property, you are faced with Real Property Gains Tax. This would severely deplete some of your gains or even make…
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Buying auction properties – Part 1
Today, a Penangite friend asked me, what are my thoughts on auction properties. To be honest, I have never bought any auction properties before. However, I remember some points from a talk I attended before some time back. It was by Mr. Stephen Soon, the Chairman of Penang Auctioneers Association and MD of MNP Auction…
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Buy property asap or don’t buy? You decide.
Still remember last year, before GST many people advise that we should buy properties soonest because with the impending GST, prices will rise further. If we buy later, the GST would have been factored in and the prices even higher. Whatever advice that you hear from any consultant, famous speakers or even best selling authors,…
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Buy Penang or Iskandar first?
I think if you ask a Penangite, they would most probably tell you, buy Penang. Iskandar is just a piece of empty land 2.5 times the size of Singapore. If you ask a Johorean, they may tell you that they have only begun to believe that Iskandar might just work but to buy in Penang…
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New project launches in 2014 – what may happen?
With the whole Malaysia property transactions going down except for Iskandar as at November 2013, what may happen to the new launches next year? I read comments by DTZ Nawawi Tie Leung executive director Brian Koh in The Star. He said, ‘Developers are likely to launch less projects, downgrade specifications, reduce sizing, squeeze on construction costs, and…