Category: Uncategorized
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Penang island getting bigger. E&O’s STP2.
Nearly 900 acres of reclaimed land would be added to Penang island’s overall size in the future. Seri Tanjung Pinang 2 (STP2) by Eastern & Oriental has been approved as expected. Out of this, 191 acres would be reclaimed and given to the state government. Pretty good deal for both the state as well as…
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Little difference, thus buy RON97 instead?
RON97 gives you more power. RON95 gives you less. Thats what everyone says. It’s also proven scientifically apparently. RON91? It’s dirty and will damage your engine more than RON95 or RON97. Well, fyi, RON91 is loved by many Australians still, today and majority of cars are built to use RON91 including my rented Hyundai Elantra.…
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Landed properties within Penang island? Hard to go wrong.
Anyone favouring a landed property within the Penang island? With this question, I can see majority putting up their hands but a few would then ask, which part of Penang island? If it’s Greenlane, I can see 10 / 10. If it’s in Sungai Ara, suddenly, half of the ‘original’ Penangites would put down their…
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Penang affordable homes? RM300,000 – RM650,000 lah
First of all, I always think Penang property market is a resilient one. It’s prices seldom fall once it goes up. I am not sure why, maybe it’s just a plain fact that Penangites are rich. I am not a Penangite. 🙂 Anyway, it was reported that Penang would soon have affordable properties worth up…
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Electronics Sector Vibrant – Property Sector Supported
In Penang, the electronics sector is a very important sector for property market. The reason I say so is because more often than not a lot of these manufacturing companies would hire engineers as well as other functions to support operations and these are the potential buyers of properties. This is especially so when these…
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Who’s more powerful or nothing built forever?
Remember an earlier article about 1MDB’s huge piece of land in Air Itam Penang which was earmarked for 9,999 units of affordable housing? It was said that the Chief Minister of Penang Lim Guan Eng said that nothing else must be built except for the 9,999 units of affordable housing. Since this is within the…
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9,999 units promised? Sure, build only affordable and low cost please.
If you bought a piece of land 94 hectares in Penang for RM1.38 Billion today, what would you do with it? Especially is that piece of land is within the island itself and in an area favoured by many local Penangites? Air Itam. Well, 1MDB bought it and announced earlier that it would build 9,999…
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PPR – RM120 / month, Huge arrears, Huge cars, Huge TVs.
It was reported in an online media that people are abusing the People’s Housing Programme (PPR) rental scheme. According to Penang state housing development committee chairman Jagdeep Singh Deo, more than half do not pay their rental and maintenance. Some even have 50 inch TVs! Many have Astro installed and I seriously do not think…
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Will property prices ever come down? Realistically?
Few days ago, I was chatting with Ken Lim, the founder of Penangpropertytalk.com The issue revolved around the possibility of property prices downturn. Today, he wrote an article about it. Read it here. He gave an amazing example which everyone can relate to easily. His friend who owns a semi-detached home worth over RM2 million…
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5,000 registered. 22,000 by state and 20,000 by private developers?
Remember an earlier article about the number of people registered for the low cost and affordable homes in Penang. Penang affordable properties – 51,238 applications! In a news article in TMI, local government exco Chow Kon Yeow said that within two to three years’ time, all the people’s needs for affordable homes would be met. He said…
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MRT Tunnel boring news breakthrough – On track!
MRT Tunnel boring news. No, the ‘boring’ here is not the same meaning as not interested. It’s a tunnelling news. The breakthrough for the twin MRT tunnels right underneath Jalan Bukit Bintang has been completed. I drove past twice during the weekend without feeling anything. Then again, if I could I think I may not…
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‘Severely unaffordable’, worst than Singapore, Japan and USA. US-based Demographia.
According to a research done by US-based Demographia, Malaysia’s residential housing market is ‘severely unaffordable’. The situation is worst than Singapore, Japan and United States. It said that housing are severely unaffordable if the median of house price to annual income is 5.1 times. Malaysia clocked 5.5 times compared to Singapore’s 5.1 and United States…