Category: Property Penang
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Tram and flood does not mix well in Penang.
Penang’s traffic jam is getting worse. I know because my brother, sister and even brother-in-law is still staying and working in Penang. I have been working there from 1998 to 2013 before I moved to KL. Thus, there are plans to push more people to take the public transport and less people to drive their…
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REHDA Penang has reduced property prices by 6-10 percent. Hooray!
Sales and Service Tax (SST) has started. There has been a few car models including BMW which has announced lower prices with the SST compared to previously. The good news are now extended to the property market. According to an article in NST, Finance Minister Lim Guan Eng has praised the Real Estate and Housing…
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Penang’s LRT may not be the BEST choice
This is about the future of the property market of Penang. Good connectivity, especially an efficient public transport will be a catalyst for economic growth which will eventually drive demand for properties. There’s no need to be surprised. LRT stations have always been a catalyst to developments surrounding it and well, property prices too. Penang…
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Penang Property Convention 2018. FREE for Early Birds.
Taking Miichael’s words, ‘Learning about property investment is extremely important before we start. This is one event that everyone should not miss.’ Now, for my own sentence. Yes, I am one of the speakers sharing my views about working professionals and their property investment. Personally, I think it’s important for everyone to have a roof…
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Property sales may suffer when it’s hillslopes and flood prone areas
We have often been reading about the Klang Valley property market. Here’s one recent one: High end KL condos, future looks brighter? More units coming Do we know what’s happening with the Penang property market? Here’s one article in TheStar quoting many property experts. In brief, Penang’s unsold supply of residential units are concentrated in the higher-end…
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Penang’s LRT plans vs Tram proposal. Let the best option wins for Penangites.
Just a week or so ago, I wrote about the fact that financing, constructing and behaviour changing are three different things. Here’s that article:Financing, constructing and behaviour changing.Three different things really. I was referring to the Penang Transport Master Plan, specifically the LRT. Even if financing has no issues and construction starts and ends on…
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Financing, constructing and behaviour changing. Three different things really.
I am a supporter of Penang’s Transport Master Plan (PTMP). No one is going to like to invest into Penang if they face traffic jams on a daily basis as soon as they step into Penang. Much earlier article here: PTMP is needed for Penang As for whether the current model is the best, that…
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It’s not as easy as Airbnb. Especially when it’s a ‘resi’
In Penang, my good friend who’s a real estate negotiator always point to me that ‘this condo cannot do Airbnb’ or that condo cannot do ‘Airbnb.’ Well, I think it’s not just in Penang. Getting into Airbnb may not be that straightforward yeah. Especially those who bought into high-rise units, promised by the lucrative venture…
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12-24 months more and Penang will have new LCC airport!
Good news, definitely. How about millions of potential new visitors into Penang? Good news for long-term property owners too. Anyway, this was what was shared by Malaysia Finance Minister Lim Guan Eng. He shared that within 12 -24 months, Penang will likely get a new low-cost carrier (LCC) airport to serve airlines like AirAsia. This…
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Penang property overhang? Price and Financing issues
I know it’s not an awesome time for Penang property market. I know because the price that I wanted for a condo of mine in Penang is still nowhere near and my real estate negotiator friend kept teasing me. According to Article in NST for reference here: Residential overhang in Penang a major issue. According to the…
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Oh… SST is supposed to benefit property buyers MORE.
Good and service tax (GST) has been zerorised since 1st June 2018. This meant that from 6 percent previously, it has been zero for the past 2 months. This will be in place for one more month since our new or rather reintroduction of sales and services tax (SST) will be in place from 1st…
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With RM1 billion, PTMP will be carried out much faster
Penang Transport Master Plan (PTMP) is important to the future growth of Penang. Let’s not debate on how much benefits it could being versus the cost. Just like the HSR KL – SG, everything is now muddled. The question everyone should just understand is whether there’s a long term benefit. If it is a yes,…