Category: Uncategorized
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STP2: RM1.078 billion to reclaim, GDV of RM25 billion
I stayed in Tanjung Bungah for 1 year plus and I loved my time there. However, it was only a rented home and when I needed to buy, I bought in Relau instead. Yes, it was because of affordability. Today, the focus is next to Tanjung Bungah, it’s on Seri Tanjung Pinang which is now becoming…
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e-Bidding in High Court of Malaya and ‘jobless’ auctioneers
I have a few auctioneer friends. They take their profession seriously. There are also many friends who buy mostly auction properties and have benefited a lot from it due to the potential for an extremely undervalued property being put up for auction. Another friend is now quite famous, as a speaker about how we can…
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Lower transactions and property value in 2016
It does seem that it’s never ending cycle of bad news for the property market of Malaysia. Okay, if we really read about some other prominent markets, the bad news have also started. For some, like Singapore, it has moved to a ‘arctic cold’ stage for the agents. This was a recent comment from my…
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Penang property prices has started to drop in Q3 2015?
First of all, I must say thank you to my good friend, Michael Geh, Senior Partner of Raine & Horne International Zaki + Partners Sdn Bhd for providing these good charts of the Penang property market. Let’s start now. When I saw the average numbers for Penang, I wanted to tell my wife that the property…
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Aspen Group: Growing fast, listing this year.
I wrote about a RM299,000 condo in Penang by Aspen in 2014. It garnered lots of interest within the first few hours. Read here: Buying Penang condos? 14,000 views in 3 hours says it all Aspen is considered a new developer based in Penang and in a recent news announcement, its chief executive officer Datuk M…
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Business community and me: PTMP is needed for Penang.
I wrote about this earlier. Yes, I support the Penang Transport Master Plan (PTMP). PTMP: Reclamation alone is RM7 – RM8 billion Do it transparently and minimise as much as possible the effects to the environment and the affected parties. The business community in Penang supports this RM27 billion saying that it would ease the growing…
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Low density, huge in size and RM775 per sq ft in Penang
Are you thinking about Penang properties? Do you like a really low-density luxurious project within the island of Penang for RM775 per sq ft? Even the location is considered prime by many Penangites. It is in Tanjung Bungah. Well, there’s one from a prominent Penang based developer, Hunza Properties Bhd. The development is known as Alila…
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It’s always about competitiveness or nothing left
An article I read in CNNMoney got me thinking again about competitiveness. How competitive are we in the world we live today. If each and everyone of us are no longer competitive, the whole nation would lose a lot of opportunities. Have we ever wondered about the possibility of us losing our jobs simply because someone…
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Penang properties? From 9,667 units to just 3,909 units per quarter.
According to Michael Geh, the Raine & Horne Malaysia senior partner, the Penang property market in terms of number of transactions has dropped from its peak in Q4 2011 of 9,667 units to just 3,909 units in Q2 of 2015. In actual percentage, this meant that after nearly 4 years, the total transactions has actually dropped…
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Wait, stop speculating. Reclamation for PTMP is NOT confirmed
As everyone has read and talked and even speculated about all the potential happenings in the Penang Transport Master Plan, the Gamuda-led SRS consortium finally said something. Earlier article here: Penang: PTMP, new airport, catalyst till 2050 Gamuda group managing director Datuk Lin Yun Ling said that the reclamation plan is still very far away. In…
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Bank, Law, Tax Seminar. Free tickets all snapped up
Latest Update: ALL free tickets have been snapped up. For those who missed this, it’s really worth the time and the tiny little investment. See you there. The BLT (Bank, Law, Tax) Seminar is just one month away. This time, it’s in Putrajaya. I will be there too, how about you? Lots of good tips…