Category: Property Penang
-
Do not be too hung up about the overhang.
Unsold properties in Malaysia? I think everyone we ask will tell us about the seriousness of unsold units. Then, some will say that they intend to wait for price to drop before buying since the market outlook is negative. Upon asking about the level of price drop which will compel them to buy and many…
-
31,415 residential units sold! Already 36% higher than targeted (as at end Nov).
This is positive news. I repeat, this is positive news. So, I think this article will not be a popular one. Haha. Funny right. Even readers of kopiandproperty.my are selective. When the article has a negative title and it tells of a negative situation, that article will be popular. There will even be more sharing…
-
Sunway Property launching RM3.5 billion worth of properties for 2020. “Yours, 2020.”
I think it takes lots of diligent planning as well as confidence to announce to a big room of media people that for 2020, total launches will hit RM3.5 billion. Sales target is RM2 billion. Please do read on for the full press release for Sunway Property’s “Yours, 2020.” I think they are sending all…
-
Another new attraction in Penang. Eastern Seafront Development (ESD).
I was based in Penang for 15 years after my graduation. The last office I was based before I moved to KL was in Penang Road and there are many historical buildings nearby including the Eastern and Oriental Hotel of Penang which was just opposite my office. Georgetown is a UNESCO Heritage City and thus,…
-
Tax me lower please. I am the one living here.
This is still a hot topic in Penang; Quit Rent. Earlier article here: 15 years no increase. Now it increases in Penang Anyway, money as a topic, especially if one has to part with theirs will always be a sticky point. Giving to charity is usually seen as different from paying taxes. Recently, Penang Chief…
-
Property Malaysia severely unaffordable, still? What’s the action then?
“Ringgit Malaysia is really not good,” a friend was lamenting many weeks back. The major reason? That smartphone model is now launched at EVER higher price than the price for its previous model last year. “Property prices are beyond the reach of most Malaysians,” many friends continue to give this comment every now and then.…
-
MIEA: More options to first-time home buyers please.
I hope first-time home buyers read enough articles (personal finance, property blogs, etc) to understand that even if it may not be the best time ever (in our lifetime) to buy a property, it is definitely a good time today. The developers are more willing to provide a good deal and the government is offering…
-
Reveal statistics for defaulters? (Include statistics for successful applicants too, please)
When we look at the Non-Performing-Loan (NPL) numbers, it looks like there are very few defaulters, in percentage terms. Earlier article here. Does this mean that the banks have been too strict since only the very qualified gets their loan applications approved? Should they lower their lending criteria? Earlier ‘advice’ from a Deputy Minister here.…