Tag: property prices
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Landed for RM900K in Penang, buy?
A close friend asked if a landed property in Penang is worth buying. He gave me the project name. My advice to him was simple. I have not been to the project but if it meets three requirements, buying a landed property inside Penang island can never be wrong Dimension. If you log in to…
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Buying auction properties – Part 2
Two more reasons given by Mr Stephen Soon, the chairman of Penang Auctioneers association and MD of MNP Auction Team as below. Property investment is about ROI. Return on Investment. Today, when you buy any property, you are faced with Real Property Gains Tax. This would severely deplete some of your gains or even make…
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Buying auction properties – Part 1
Today, a Penangite friend asked me, what are my thoughts on auction properties. To be honest, I have never bought any auction properties before. However, I remember some points from a talk I attended before some time back. It was by Mr. Stephen Soon, the Chairman of Penang Auctioneers Association and MD of MNP Auction…
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Buy property asap or don’t buy? You decide.
Still remember last year, before GST many people advise that we should buy properties soonest because with the impending GST, prices will rise further. If we buy later, the GST would have been factored in and the prices even higher. Whatever advice that you hear from any consultant, famous speakers or even best selling authors,…
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With RPGT, no more property investment
Someone shared in facebook recently that with RPGT at 30%, the property price would have to increase 40% in order to earn any meaningful profit. Perhaps there’s a confusion here. RPGT is Real Property Gain Tax. In other words, you pay tax on your net profit. If you sell at a loss, you pay nothing.…
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New project launches in 2014 – what may happen?
With the whole Malaysia property transactions going down except for Iskandar as at November 2013, what may happen to the new launches next year? I read comments by DTZ Nawawi Tie Leung executive director Brian Koh in The Star. He said, ‘Developers are likely to launch less projects, downgrade specifications, reduce sizing, squeeze on construction costs, and…
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Developers feeling the heat?
I read in The Star today about some developers feeling the heat from all the cooling measures undertaken by the government. I seriously believe if their product is the right one for the mass market, there is nothing to fear. Whatever cooling measures undertaken is to ensure the property bubble does not happen and there…