Category: Basics – Property Investment
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Demand is definitely robust. Jobs, Banks, Developers and us.
Many months ago, a friend who’s working in the developer was asking me about the property market. He said that the conversion rate from people who dropped by the sales gallery is getting very low. It used to be far easier to close a sale. This was my answer then and this is still my…
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Be selective please because demand will always be selective
Location, location and location is the key to a property decision. Everyone knows this, I believe. However, the location, location, location in the right context is not about a certain place or neighbourhood. Maybe it is the location near to our working place, the location near to our children’s school and perhaps even the location…
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Median property price KL? RM530,000. Approval rate? 77 pct.
Do you know that the median property price for KL is RM530,000 for 2016? Source: NAPIC, Malaysia. Median household income for KL? RM9,073 for 2016. Source: Department of Statistics, Malaysia. The approval rate thus far? 77 percent. In other words, nearly 80 percent of all applicants do get their loans approved. Take a look at…
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Travel to SG whether flights or HSR
Do we know how connected is Kuala Lumpur (KL) to Singapore (SG)? Referring to skyscanner.com.my, there are a total of 357 flights from KL to SG per week. That’s 51 per day. Taking out 8 hours of sleeping time, that’s still nearly 3 flights per hour. In other words, we may have a flight every…
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Tax submission done? First-timer, you better… for your property’s sake.
A 23-year old was telling me his problem a few days ago. He could not get his housing loan approved. He was earning an average of around RM3,500 for the past 6 months. Not too shabby for a 23-year old. He’s a real estate negotiator. How much do they earn when they are awesome? The…
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VulcanPost: Malaysian Property Prices? One expert and 3 Insiders’ views
Will the property prices drop from RM500,000 to RM300,000 in a few months time? Vulcan Post referred to Mark Chua’s FB post, “If property prices really drop from RM500k to RM300k, buying a property will be the least of our bloody concerns. The average Malaysian will have other f*cked up problems to worry about; namely…
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Property prices rising higher than income, true. Why can we still buy?
Everyone tells me that their income is rising slower than property prices. I have to agree and I have to inform you that this happens in all countries and in some countries, the condition has become worse. Malaysia? Well, perhaps we are at ‘bad’ level now. Anyway, let’s start with a very simple illustration on…
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Unsold units up 40 pct. Strategy ahead?
Unsold units are up in Malaysia property market. Sorry, I failed to mention that it is up a lot. According to many news article yesterday, the number of unsold units as at H1 2017 is worth over RM12 billion. In units, it is about 20,000 units. (Fortunately this is not for affordable units, else, for…
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Panic selling may still not work. Sometimes, just decide and move forward.
A few months ago, an owner told my friend who is a Real Estate Negotiator that the lowest price he would ever let go is RM1.5 million. After some research, my friend pointed out the fact that the lowest price in the market at the time was RM1.25 million and even showed him the actual…