Category: Uncategorized
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Apple is bigger than Google plus Microsoft!
GDP for Singapore is US$300 Billion for the whole of 2013. It will only release the 2014 GDP numbers on February 17. GDP for Malaysia is US$746 Billion. (Yes, Bank Negara Malaysia has released the data earlier than Singapore) Well, the value of Apple, as a listed entity has reached US$717 billion (Feb 17 2015).…
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Penang Affordable Homes: Where and How.
The following information was published by penangpropertytalk.com last week. In fact it has continuously publish many articles on Penang’s affordable homes. This is just to ensure more Penangites who qualify can benefit from it. The best part is that many people assume medium cost affordable homes are just high priced flats. Yes, even some bankers…
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Haunted Properties and Avoiding One.
Some time back, I wrote about this before. Buying HAUNTED properties? Today I read the same topic again, in propsocial.my and it has many Malaysian examples! My wife and I have never watched haunted movies together in a cinema before. I have watched a couple with my friends during secondary school days but these days I…
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200% profits in one year. POSSIBLE?
I do not invest in anything which is not regulated, no matter how high the returns may be. Truth is, if the returns are so very high, these companies do not need to get you and me. They would have gotten government’s statutory funds to invest in them. Much easier, simpler and faster and everyone…
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PLEASE be more lenient in development charges – REHDA Penang.
A sobering piece of news about the state of property transactions in Penang. During a press conference, the Real Estate and Housing Developers Association (Rehda) Penang chapter chairman Datuk Jerry Chan said that 2014’s overall property transactions were 20% lower than 2013. Nevertheless any Penangite friend you have would tell you that the prices did…
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6% growth 2014. Strong domestic demand.
Finally, the number is out and the number is a good one. 6% growth in 2014, higher than even 2013. Yes, higher growth than when Ringgit was much stronger compared to today. Yes, higher growth despite all the ‘awesome’ news reports by many analysts. Yes, higher growth despite everyone saying the economy is not doing…
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Housing affordability getting worst: 2014
Between 2009 and 2014, the housing affordability has worsened. From 3.4 times of annual gross household income in 2009, it has risen to 3.6 times in 2014. This is as per a survey by Rahim & Co Chartered Surveyors Sdn Bhd. As usual, this is just an average and it is based on the price…
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Property Prices – PRIMA should help, IF.
“If a PR1MA house only cost around RM250,000, who would want to buy a house from a private developer who fixes the price between 20% and 40% higher? This is the view of Rahim and Co Chartered Surveyors Sdn Bhd chairman, Tan Sri Abdul Rahim Rahman. Personally, I do not agree totally because I have…
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Borrowing costs remain at 3.25%
Today (28th Jan 2015), Bank Negara Malaysia has announced that it will maintain the borrowing costs at 3.25%; unchanged. This was widely expected even though an adjustment upwards would have lent some support to the weakened Ringgit. It said that the current monetary policy i accommodative and appropriate given the current financial and monetary conditions.…
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RM50,000 for one (1) car park, would you pay?
To be very specific, 8 years ago, I paid RM10,500 for an additional car park when I bought my Penang condo. I told my brother-in-law and my brother to buy one. Both did not eventually as they felt RM10,500 was very expensive just for an additional car park. Over the years, the price for a…