Category: Property Penang
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Property market Malaysia is worse than 1999?
I have received / seen this piece of news a few times. “NST: Developers expect glut in property market this year” and here’s another one, “Edgeprop.my: Developers foresee dark times due to glut, worse than 1999 crisis” Somehow, everyone loves negative news. Even for kopiandproperty.my, every time I write about bad news, the clicks go…
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6-month stamp duty exemption to all, not just first-timers (good suggestion)
Penang Rehda chairman Datuk Toh Chin Leong is urging the federal government to consider opening up the 6-month stamp duty exemption to all house buyers instead of just first-time purchasers. Article in TheMalayMail.com He shared that the association has submitted the proposal for the government’s consideration. He said, “We welcome the government’s move to introduce…
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Now I can buy Penang affordable properties too. (I am not a Penangite)
Once upon a time, the affordable homes in Penang were only available for sale to Penangites. Not even for someone who has worked in Penang for 15 years like me. The buyer(s) must be Penangite. The affordable homes come with an attractive price tag too. The price range are between RM150,000 and RM300,000 on the…
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Check your empty units, everyone!
These days, things happen very fast. A rental advertisement could be posted within a few minutes and deposit for the unit could be collected within the next 1 hour. One easy scam which has happened and reported? Someone advertising a rental rate which is way below the market. Some people called the ‘owner’ and believe…
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Increase in stamp duty delayed. Support for property market?
The stamp duty for property transactions above RM1 million was not welcomed by the market. Of course, the target was not the B40 or the M40 households but this will subdue the number of potential transactions from the more experienced investors and when the numbers suddenly drop, the first-time home buyers would definitely lose confidence…
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From 12 rooms to over 200 rooms. Penang Hill gets exciting.
I am pro-development. Sorry to all those who are not pro-development. Let’s agree to disagree for this one. However, I am against over-development yeah. I am also against development without a good business plan which ultimately will kill the project and cause even more issues. Today, we talk about Penang Hill. There will be two new…
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Cut prices please, Mr. Developer? Well…
This is an interesting view from a property industry observer about the property prices here in Malaysia. The full article is in edgeprop.my here: Developers must cut profits to lower property prices. Basically, in order to reduce the price of properties, the developers must cut their profit margins. “This is the only component of development costs…