Tag: buying penang property
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50-70% of loan rejections for property buyers, transactions to improve in November
In a news report in a local daily (24 September 2014), according to Real Estate and Housing Developers’ Association (Penang) chairman, Datuk Jerry Chan, 50-70% of home buyers have their loan applications rejected. He also said that while transactions has dropped so far for 2014, it will improve from November onwards. The reason for the…
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Penang affordable properties – 51,238 applications!
I must share this news about real demand; Penang affordable properties. Total applications are over 51,238. Recently a few friends said that the property market in Malaysia is made up of all speculators. This is despite the fact that 84% of all home mortgages are for one property. Then, they said it must be the…
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Penang Property Market – What’s happening?
Do you know the actual happenings in Penang property market? The actual numbers? You have read from a lot of sources. You may have attended a lot of those previews and may be thinking of going for those workshops which will set you on the right path to be a property multi-millionaire. Most importantly though…
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Penang property market is different from others
Remember the news about how transactions went down by double digit but the the prices still went up 6.7% in Malaysia in 2013? Actually, Penang’s property market is different. Total transactions dropped 24% versus 2012 which is a huge number. However, the value of the transactions remained the same as 2012. Thus, the average property…
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Buying Penang Properties? Important Stats to know.
If you have recently seen my article for Malaysian property market as a whole, do note that Penang market is different. In fact even within Penang itself, it is divided into two, the island and the mainland. No prizes for guessing, even in Hong Kong, the more expensive would be the island part and the…
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Andaman Quayside – Worth listening and considering – Buy or not, decide later
I remembered I wrote about why Singaporeans may want to think about buying Penang. This is because even the middle income Singaporeans can afford to retire in Penang and in style instead of HDB flats. In my previous job, I got to know that E&O project, Andaman is loved by Singaporeans. Recently, my friend told…