Category: Property Penang
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IKEA Penang opening in 9 months time. New catalyst?
Let’s answer this question at the end yeah. “With IKEA coming, should I buy a property nearby?” For now, let’s just celebrate this piece of news. IKEA Penang is recruiting and they need 200 new positions at its Batu Kawan Penang store. For those who do not know who is IKEA, it’s my favourite store.…
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Penang’s 10.5km tunnel. 15 mins from Gurney Drive to PIA. Super.
I have missed my flights from the Penang International Airport (PIA) 3 times. Twice was simply due to my mistakes but the very last time was due to the super heavy jam from Gurney Drive all the way to the PIA. The journey took 1 hour and 15 minutes. I was late by 5 minutes.…
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More roads, great. More choices, now and future. New PIA, please.
Good news for Penangites. In less than 12 months, the Ayer Item – Lim Chong Eu Expressway will start construction. The builder, Consortium Zenith Construction Sdn Bhd (CZC) senior executive director Datuk Zarul Ahmad Mohd Zulkifli shared, “There is still land acquisition to be done by the Land Office on 10 plots of Federal and private…
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Buying is Yes. Following guidelines is MUST. Penang’s UNESCO city.
Penang was where I started my career. I stayed there for 15 years until I accepted a regional position based in Kuala Lumpur 5 years ago. It was also the state which my property investment journey started. It will not end anytime soon. In fact, the progress of developments may be accelerating with the new…
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PR1MA in Penang starts 2018. 905 units from RM300,000. 257 units from RM72,500.
Do you know that your monthly repayment is RM1,352 if you buy a RM300,000 apartment with a 10 percent downpayment today? 30 years repayment period and 4.4 percent interest rate assumptions yeah. Assuming a healthy 30 percent of the income is used for mortgage payment, then the person or household would need to have a…
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Do you buy-to-live or buy-to-leave?
There are newly completed developments today where the occupancy may not be that high, not even 50 percent. A close friend’s condo in Penang was completed last year. He has moved in and has stayed in the new condo for slightly over a year. Yet, every time I dropped by, the number of cars parked…
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I am too old to invest. Wow…
Do you feel you are too old to invest? How old is too old? Nope, Malaysia is definitely not looking at increasing the retirement age to 93 anytime soon. Haha. However, it was a thought which I have shared a couple of times. Working till 68. Still healthy I guess. Until what age should we…
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Yes, property prices may be lower without GST. Buying decisions to change?
Anyone here delayed signing their Sales & Purchase agreement after they heard about the GST becoming zero in less than 2 weeks’ time? Actually, GST does not affect only the property market. There are chatters that car prices may inch upwards when the Sales & Service Tax (SST) returns. Here’s an article in paultan.org The…
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The new Penang by Ken Lim of penangpropertytalk.com
My ex-manager has been extremely active in our group Whatsapp group these two weeks. He has continued to share positive news about a new Malaysia. He was one of the most negative about the state of Malaysia before the GE14. He is now the most positive too. In fact his most recent sharing was a…
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Penang’s mega projects can now be completed earlier
The sky in Penang seems brighter today than before the GE14? I believe in general, Penangites would welcome the announcement by the newly minted Chief Minister Chow Kon Yeow. He said this in an article in TheSunDaily. “Need for Penang’s mega projects to be expedited.” Specifically, he said this in the article, “We have also received…
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2019 is THE year when home prices strengthen. KL and Penang ‘best buy’
‘It’s not easy to get a good price for a 1,000 sq ft condo in Penang currently,’ says my close friend, Mr. VS who’s a real estate negotiator in Penang. (If you want to buy properties in Penang, let me know and I will connect you to him) He added that he based his views…