Category: Property Penang
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Secondary property market, now?
Personally, whenever market slows down, it should be a good time for some bargain hunting. This is especially so when the market has been booming for many years and if you drive past a lot of condos these days, a lot of it are unoccupied even if owned by someone. If we were to refer…
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Let’s buy bungalows, why not?
If money is of no concern and you want your whole family to stay under one roof, would you buy a bungalow? Do you know how much are the most expensive bungalows which are listed for sale in Malaysia today? RM10 million? RM20 million? RM30 million? Well, the answer is more. According to propertyguru.com.my, the…
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Penang property – Balik Pulau vs Batu Kawan (current prices)
Let’s look at current prices first. Current price. If we refer to www.propertyguru.com.my, we can see typically there are a few prevalent projects which are being published for Batu Kawan and a few projects for Balik Pulau. Projects in Batu Kawan would be Bandar Cassia and Taman Mutiara. Both are landed projects and the price…
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Penang property – Another RM1.5billion GDV project
I do not normally write on individual projects but RM1.5 Billion GDV is not a small one. The reason being this is Penang. Land is limited and thus GDVs do not normally become too huge for people to notice. Sunway Bhd has plans to buy four parcels of land in Penang for RM267.42 million. From…
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Penang property – Balik Pulau – Is it ‘far’?
I remember many years ago when my wife and I visited the Botanica CT showhouse in Balik Pulau. Construction was going on feverishly. The road leading to the project was winding and there were not too many developments on either side of the road. We went up from the bukit jambul hill road and it…
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Buying a property over RM550K, relaxed and easy
When I bought my first property just before I got married, my wife and I calculated and recalculated and one final calculation before we decided to go ahead and buy our first apartment, jointly. When I bought my second property which is a condo, my wife and I calculated and decided not to buy and…
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Predictions on property bubble burst date
It may happen within the next few months or it may happen in a few years. If it does not happen within 2 years, it will happen within five years. If it does not happen within five years it will happen someday. Familiar? Property investment experts / analysts, property related NGOs, your cash rich friends…
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Penang property for rental – two better than one
My brother discussed about buying properties for rental recently. He asked, if he could afford only a RM400,000 loan today, should he buy one property at RM400,000 or two at RM200,000 each. I told him, as long as he understands the rental market, both options are okay. However, if I must choose one, then it…
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Penang mainland property – 2nd Bridge effect
A Toastmaster friend asked, ‘please comment on mainland properties’. I sent Whats App message to 10 friends, half of whom are Penangites and another half non Penangites. ‘With new bridge, would you be willing to move to mainland since it’s just around 20 minutes to places like Bayan Baru, Batu Maung?’ The property prices there…
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Penang property – below RM600,000 and should be new
A close friend told me that after she has asked many agents in Penang, they kept giving her the same answer. ‘You can buy The Peak Residences.’ Walao, there are no other properties in Penang below RM600,000? This time, I did not search, I jogged my memory a little and said, actually there are quite…
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Coffee Lane, Penang
I used to have a Toastmaster friend who loves tea. He talks about tea, he showed us his skills about tea. Everything was tea until suddenly he said I am opening a cafe. Huh?? He opened a very cozy little cafe called Coffee Lane in Penang. I used to go every few weeks or so,…
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Penang property market slowed down
Everyone I know has been saying that the property market is slowing down. Well, everyone except one agent who told me that his business is still very good. In actual fact, market is slowing down. This is the effect from the many cooling measures implemented and will be implemented in the near future. Buyers are…