Tag: penang property
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Penang property prices still going up – REHDA Penang
I read an article in TMI quoting REHDA (Penang), Dato Jerry Chan as saying that prices of land in Penang is still rising and the latest one being RM1,200 psf which was the state government’s land swap deal with Consortium Zenith BUCG which is building the mega RM6.3 billion undersea tunnel and three highways. RM1,200…
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New rules to contain potential property bubble in Penang
The new housing rules caught a lot by surprise. Perhaps even politically motivated. You can also say it stops genuine buyers from selling their home but if you are genuine buyers, why would you buy a medium cost house and try to sell it within 5 years? You suddenly become too rich and needed to…
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Penang property vs Singapore property?
After reading my article on Hong Kong properties, a friend said he did not know that Hong Kong properties are that expensive. What about Singapore properties? Let us look at the same criterias again, 700sf, lowest and highest. As usual, online is our best teacher. Stats from www.propertyguru.com.sg Looking at the numbers, it does…
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Buying Penang properties near cemetery?
I read an article recently about buying properties next to cemetery. I would think any sane buyer would definitely avoid buying next to the cemetery. However, I have to admit that two of my properties happen to be nearby or opposite cemetery. How did both of the properties fare thus far? Well one has given…
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Penang Property Digest – Nov 2013
What has happened in the Penang property market in November 2013? Here’s a digest of the news reports.
Shared Ownership Scheme – Chief Minister Lim Guan Eng launched a scheme to help low-wage earners buy their own home through a Shared Ownership Scheme. For those who qualify, 30 per cent interest-free funding would come from… -
Why buy Penang Property – my personal reasons
15 years in Penang. I worked with 3 different organisations based in Penang. My wife and I got married in Penang. My baby was born in Penang. From just Sunshine departmental store until today when Penang has Queensbay, Gurney Mall and Paragon Mall, Penang has continuously changed and if I may add, for the better. Without…
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Penang Property market – around RM250K
When it comes to the Pearl of the Orient, Penang, many people have their opinions on affordable property. Some say affordable property is below RM400,000. Some say, nothing more than RM250,000. Today, let us look at properties available to you if you can only afford a property in Penang of just Rm250,000. For an easier…
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3% Levy on Penang Property
Personally, I agree to the additional 3% levy. The additional levy would allow the state government to have additional income and may use the surplus for affordable properties in Penang. It is not an easy task to build affordable properties. Land prices has shot up tremendously for many years and in the word of Dato…
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MM2H – Shopping and Education
MM2H is a Malaysian government programme for foreigners to make Malaysia their second home. I am supportive of this idea. Main reason is because I really do feel Malaysia has what it takes for them to make it their second home or even retirement home. For those coming from ‘winter’ countries, Malaysia is summer the…