Category: Uncategorized
-
Queue started at 5am and 800 booking within 5 hours?
Look at the photo. Read the sentences. At a time when everyone is so negative and think Malaysia is becoming the next Greece, this happened. According to the report, there were a few thousand people during the launch. Okay, I am not the developer so I cannot say for sure if the total bookings really…
-
From household appliance into property development
I have a Milux oven toaster which was given to me by someone during the house warming of my first apartment 12 years ago. It served me for many years and when I sold my apartment, that oven toaster was also part of the deal. Basically, the buyer got everything I left behind including even…
-
Sustainability is about money and responsibility
The topic of Penang’s middle bank is up for discussion. There are no fire without smoke and even though there has been no official plans from the state government on whether to allow reclamation on the middle bank, I think would it would be one of the options for the funding of the Penang Transport…
-
PR1MA buys Glomac land for RM145.59 million (16.9 ha)
For developers, it’s not the best time to be holding lands and not doing anything. Current negative sentiment is persisting despite earlier predictions about a better H2 2015. Ringgit has gone up slightly but is still very volatile as the expectations of the decision from Federal Reserve overrides whatever story we may have over here.…
-
2-storey shophouse for RM7 million; 20 ft x 200 ft
Many years ago, someone told me that the pre-war houses were being snapped up by some investors who are turning them into commercial concerns. The price then was mentioned as RM200,000 as these shophouses require huge investments to make them safe, usable and perhaps a viable commercial concern. Just some time back, some articles pointed…
-
Cooling measures must include more affordable units
For those who have been reading kopiandproperty.my for some time, you would know that I do not believe cooling measures would cause prices to drop a lot. Maybe for the way too highly priced ones. Those units which are not interesting for the super-rich but not really affordable for even a household with two managers.…
-
An answer for Penang Transport Master Plan (PTMP) LRT by end 2015
This is something which I have written many times and I wish that it would come true as soon as possible. With further delay, Penang would soon be gridlocked and growth would stall. Read here: What’s up Penang? Jam has worsened. I am talking about the Penang Transport Master Plan (PTMP) which was awarded to…
-
HBA: Regulate profit margins, property prices down significantly
Reported in SunBiz. According to the House Buyers Association (HBA) secretary-general, Chang Kim Loong, if the government regulates the profit margins of property developers for the ‘affordable’ category, this will reduce property prices significantly. He quoted an example of a ‘crazy’ Cheras terrace house which is priced at RM750,000 today. He said that if his…
-
More supply equals lower prices? Or less demand?
AllianceDBS Research said that due to high incoming supply, the house prices would continue to moderate until next year. It said that incoming supply will be the highest in 10 years and this is good for house buyers. The current environment for property sales remain challenging and the strong house appreciation over the last few…
-
Penang: Fertility rate of just 1.5 and 1,300 net migration.
When I got to know that Malaysia’s average fertility rate has gone down to just 1.9, I thought it was low. Read here: 2015: Fertility rate dropped to 1.9 for Malaysia Well, reported in a local English daily, the fertility rate in Penang is just 1.5! Some of us may then point out that Penang continues…
-
Malaysia will be facing a tough situation soon, wow.
A close friend forwarded a WhatsApp message a few days ago. It was a warning which was about the number of people who have been laid off by MAS, RHB, CIMB, a few manufacturing companies and even PLUS which is said to start laying off since it has started to operate many cashless toll stations…