Tag: Real estate
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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 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…
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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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Landed vs Condo II
Someone who read my article said, ‘The maintenance fee in condo is the negative part’. Truth is, I also feel the pinch because if you stay in the typical landed property, there is no maintenance fee to be paid. I admit, on average I have used the gym just once per month last year. I…
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Real estate agent in Penang property market
A friend just decided to join a real estate agency. It is his second time going into the field. Ever wondered what it is like to be a registered real Estate agent dealing with Penang properties?I happen to have some experience with the agents and penang property market. Depending on how successful you are as…
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Rent or Buy – Penang Property
My close friend asked me today. Should she buy a property if she intend to work for only a few years in Penang. I asked her, what’s her rental and she said RM800. It’s not a lot but RM800 x 12 x 5 years = RM48,000. If I ask you to give RM48,000 away, you…
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Then and now, when we buy property
When our parents were younger, they read newspapers to search for properties. Developers would also advertise in newspaper. Leaflet was another very good way. Every house in the neighbourhood gets one. A developer which is building 50-100 units of terrace house need just to spend a few thousand and print 20,000 leaflets and chances are…
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Perfect Property with lowest price
My friend: ‘Hey, I just went to your project today and viewed the 1st floor of Block C.’ Chia Lih: Great, are you buying? My friend: I am still thinking. It’s on top of the TNB room and it’s RM290K. Chia Lih: If it is unsafe, I don’t think the developer would build a unit…