Category: Uncategorized
-
From loss to RM7 billion GDV within 8 years
I have bought a shirt from Yong Tai before, many years ago. It was attractively priced and the material was good. Thus, when I read about Yong Tai having property developments with a gross development value (GDV) of RM7 billion, my interest was piqued. Garment manufacturer also a property development? These are two very different…
-
Approval process must be transparent for ALL
The ‘fight’ continues. Both sides are claiming the other side is wrong. Suddenly, situation seems familiar. It exists as long as there’s no transparency. Agree? read on. Penang Chief Minister Lim Guan Eng said that the delay for Penang developers in getting the Advertising Permit and Developers Licence (APDL) is taking months. It used to…
-
Penang property market Q1 2015: Qty down, RM up.
All charts were provided by Michael Geh , Senior Partner of Raine & Horne and also the Vice-President of FIABCI Malaysian Chapter with numbers from NAPIC. In Q4 2014, Penang’s property market showed resilience when it’s total transactions increased when compared to Q3 of 2014. Total transactions in units reached 5,193 from 4,194. An increase…
-
Tallest Sea view condo in Penang? Probably.
We love ever taller homes so that we have the bragging rights that I live higher than you. I can see further if I stay higher. I can see more! Haha. Anyway, the tallest I have ever bought is just 10th floor. I currently stay in one on the 1st floor. So, obviously height does…
-
End 2015, end of Fairchild’s Penang plant.
This was reported much earlier but recently many have posted this on their Facebook page. Fairchild Semiconductor’s plant in Penang is closing down end of 2015 and 1,000 workers including 500 full-time staffs losing their jobs is quite a huge thing. This number of 1,000 is however lower than what was reported last year. Then,…
-
Blogging can earn you millions, really.
I read an interesting excerpt on my flight from Kuala Lumpur to Jakarta. Can you earn millions from blogging in something that you are interested in? Make your blog the top read blog for that topic that you blog about? This is definitely not a dream. I just learnt that Michael Arrington earns USD500,000 to…
-
Setapak condo choices: RM400k – RM500k
A reader wrote in to ask me about PV6 in Taman Melati, Setapak. It’s a condo of 1,328sf and prices range from RM550,000 – RM600,000. Price per sf is thus only RM414 – RM451. Looks attractive, right? Now do you understand why I still think the secondary market is worth considering, especially if you are…
-
Lifting cooling measures? Too soon: MAS
Many different parties have either voiced out or predicted that the cooling measures in Singapore would be lifted soon. Singapore: Easing of cooling by end 2015 – DBS Well, this has been dampened by views from Ravi Menon, the managing director of Monetary Authority of Singapore (MAS) He said that any actions to lift the…
-
Condos of around 1,000sf or higher; my better choice
Someone asked me the other day, why do I focus more on condos which are around 1,000sf or higher. Well, I trust my personal hunch with or without statistics. Whenever we visit any mall, one thing will be very clear. The number of baby shops are increasing. Just look at the supermarket where you usually…
-
Penang’s increasing population equals long term demand
According to Affin Hwang Capital Research, the property market of Penang will continue to be supported by the many major projects driven by public-private partnerships (PPPs). Some of them include the RM27bil Penang Transport Master Plan (PTMP) as well as a proposal for a RM11.3 billion business process outsourcing centre and an international technology park by…
-
I do not believe majority can buy RM900psf, sorry.
A close friend again asked me about a condo in a hotspot. It’s around RM750psf and her agent is telling her that this hotspot is worth buying. There are not that many of these around anymore. Majority of the condos in the area are already at this price if not higher! My answer remain the…
-
City of Dreams launching soon, Penang.
Yes, I think majority are reading this because of the title. Nope, this is not a casino somewhere in the world even though there’s a City of Dreams casino in the Philippines. This City of Dreams is a new development in Tanjung Tokong, Penang. The developer is Ewein Zenith Sdn Bhd. Total gross development value…