Category: Basics – Property Investment
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Stamp Duty on unsold properties and the RPGT for all
National House Buyers Association (HBA) says this in their website, “We are a voluntary, non-political, non-governmental, non-profit organisation manned by volunteers.” Over the many years that I have been reading their comments, I think they are pretty serious in doing what they do. I may not agree with their views all the time but I…
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“Risk worth taking” to get a home of our own?
This article was in MalayMail.com “Peer-to-peer money lending for homes a risk worth taking, says finance minister.” Finance Minister Lim Guan Eng says that the government will only proceed with peer-to-peer crowdfunding to help first-time home buyers only after all factors are considered. He added that Bank Negara Malaysia and the Securities Commission (SC) have conducted their…
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Hotspot or emerging hotspot? Both look fine to me.
I was conducting my usual Handling Objections Better workshop for another developer sales team today and this question popped up. Given a choice, would I buy into a hotspot or an emerging one? Actually, it really depends on what we intend to do with the property that we are buying. If we are looking at…
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Finance Minister says not too much for 10% discount from SST exemption
Time to rejoice for potential homeowners says an article in TheStar. Our Finance Minister Lim Guan Eng said, “We placed the exemption because we want to boost the real estate sector. We hope to see a fall in new house prices. Otherwise, we will consider re-imposing the SST (on developers).” He was speaking to reporters at…
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Savings from SST waiver, definitely. Plus rebates and discounts too.
Property prices, always a popular topic. Are there savings from the Sales and Service Tax (SST) which will be passed on to buyers of properties? At least future buyers of new properties for which the developer will start to enjoy the waiver by the Finance Ministry? After speaking to many property related people, I think…
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If income is higher today, will unsold units be cleared faster?
Perhaps this is a chicken and egg situation? Should I believe that the higher our income is, the more affordable the properties would become? Or perhaps AFFORDABILITY drives property demand instead? Of course, if we happened to be earning salaries within the T20 households here in Malaysia and the home prices are usually targeted at…
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Income level is more important than the property price. True?
Here’s a long article in NST which I think gives a very good idea about the property market versus the salary. Many prominent property people were also quoted. Read it here: ‘It’s more about income level, not pricing’ Let’s look at what Real Estate and Housing Developers’ Association Malaysia (Rehda) council member Datuk N. K. Tong…
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B40 needs a property as their ‘Fixed Deposit’
Do we have RM200,000 in the bank today? If we have, can we NOT take it out and buy stuffs we like? Anyway, if we have RM200,000 in the bank today earning a fixed deposit of 4 percent per annum, when we retire 30 years later, this RM200,000 would have increased to RM663,000. By then,…
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Property? Millennials may not be that positive but Generation Z will be buying!
Do you think the younger generation love to go for vacations or buy a property? I think it’s the former, most of the time. It’s so hard for me to decide to go for overseas holidays because of the financial part but I can safely tell you that I envy the younger working professionals. They…