Penang Real Estate | Penang Property | Penang Properties: Desa Airmas (C8)

Good buy condo in Penang, Grab it now before too late! Move in condition!.

For more information, please click the link below.

Penang Real Estate | Penang Property | Penang Properties: Desa Airmas (C8)

To contact us, Penang I Property, please click here.

Penang Real Estate | Penang Property | Penang Properties: Quay Side (C7)

Looking for a lifestyle condo in Penang? This Quay Side Condominium is for you. Most sought after condominium in this neighbourhood.

Pls click the link below for more information.

Penang Real Estate | Penang Property | Penang Properties: Quay Side (C7)

To contact us, Penang I Property, please click here.

Penang Real Estate | Penang Property | Penang Properties: 1 World (C6)

If you are looking for a brand new condo in Bayan Baru, this 1 World Condominium is for you.

Pls click the link below for more informaiton. Grab it now before too late!

Penang Real Estate | Penang Property | Penang Properties: 1 World (C6)

To contact us, Penang I Property, please click here.

Home or hou$e

The importance of research is rising as more Malaysians look at property as an investment alternative

THE property market is highly volatile and thrives on speculation.

Although Malaysia is considered a fairly stable market with steady appreciation in value, unlike other places around the globe, it is important for Malaysians to understand when and where they should invest their money.

It was reported last year that the local property market would see moderate growth in 2012 due to a gloomy economic outlook.

However, as we approach the final quarter of the year, the property market seems robust, with more developments being launched and take up rates for new developments averaging above 50% despite volatile economic conditions in the West.

Recently, a property developer informed MetroBiz that most of their condominium units were bought as an investment as many expect that the area to appreciate it value.

On display: New condominiums being showcased at a property fair. (File pic)

“They can always rent it out to cover their monthly installmentms and after several years, the value of the property will have gone up by at least 30% given its location,” said the developer.

But if that’s the case, why are there so many vacant condominiums in Mont Kiara, Bukit Ceylon and other upscale property developments?MetroBiz takes a closer look at the property sector, a playing field has created so many millionaires and, perhaps, an equal number of bankrupts.

How many times have we heard at the coffee shop that a new property is being launched and that we should buy it immediately because property prices in Malaysia alway appreciate. It is not uncommon to hear the phrase, “You will never lose.”

Property guru and investment specialist Marco Robinson calls this speculative buying.

“Most Malaysians invest their money in property based on speculation without seeing the bigger picture.

“Eventually they will not have a positive cash flow from their investment and after a few years they end up selling the property to balance the books or even worse, having the bank take back the property,” he said.

The author of Know When To Close The Deal and Suddenly Grow Richand a proud member of the billionaire boys club for achieving over US$1bil (RM3.1bil) in sales, Robinson said Malaysians need to invest in educating their minds before investing in anything.

“Many fail to realise that the recession we had is part of an 80-year cycle and we are still in it. Look at Europe, for example. Almost every week we hear countries like Italy, Portugal, and Greece, among others expecting, bailouts.

“And in the US, markets are still crashing and will crash further after the presidential elections are concluded,” he stressed.

Robinson further adds that the global economic outlook for next year will be far worse than predicted and for the first time in history, we could face a triple dip recession.

“Malaysians who are serious about property investments should look into markets such as the US where house prices have dropped tremendously,” said Robinson. “These markets can offer good rent yields and, once the economy bounces back within a few years, the value of the property will appreciate,” he added.

Robinson cited the Hilton family that invested during the 1920s and 1930s, at the height of the Great Depression.

“From my experience, Malaysia is one of the toughest markets to collect rent,” said Robinson, when asked about the risk involved with property purchases overseas.

According to Robinson, Malaysia should not be classified as an emerging market and should be reclassified as a semi-developed nation due to its nature as a “slow-burning” market.

“In Malaysia, although property prices are expected to appreciate, it takes a very long time. Right now, property prices are too high in Malaysia and it does not make cash-flow sense as you need to service your mortgage which is not covered by rent yield returns,” he explained.

Expert advice: Robinson says, in Malaysia, although property prices are expected to appreciate, it takes a very long time.

Also, property transactions in Malaysia take at least six months to finalise, while in the UK it only takes three days. “In that six months, anything could happen and you may lose out,” said Robinson.

According to a report by Jones Lang LaSalle, a financial and professional services firm specialising in real estate services and investment management, the second quarter of 2012 marks a return to investment transactions above the psychologically important US$100 billion mark and, at US$108 billion, volumes are up 24% quarter-on-quarter globally.

The report further stated: “The rental outlook for 2012 has been tempered by ongoing economic uncertainty, although we continue to expect positive rental growth in many major prime office markets — the notable exceptions being Hong Kong and Singapore.

We still remain particularly bullish about rental growth in Beijing and San Francisco (+20% to 25%) and we have upgraded our projections for Mexico City (+15% to 20%) as supply conditions tighten.”

Closer to home, it was reported that Budget 2013 will see more measures to control the soaring prices of property, including tighter fiscal policies to curb speculation.

With 58% of households in the cities earned less than RM4,000 a month including 44.5% earning less than RM2,500, the government is expected to allocate more affordable housing projects such as the People’s Housing Project (PPR) and the 1Malaysia People’s Housing Project in the coming Budget.

Local industry experts such as Asian Strategy & Leadership Institute chairman Tan Sri Jeffrey Cheah is confident that Malaysia will not be experiencing any such property bubble.

It pays to do your homework before you take the big step into property investment. A sound strategy can pay off even with uncertainties around interest rates and volatile market conditions.

You can reap rewards if you choose the right property as the shortage of rental properties, combined with rising prices in most markets across the globe but be sure keep a close eye on your investment.

MetroBiz is not liable for any purchases made based on the information above. Please do your own research before investing. - The Star

No property bubble in M'sia; Sunway chairman says local prices affordable

PETALING JAYA: The local property industry continues to face many obstacles despite signs of steady economic growth, which was announced recently for the second quarter and the first-half, underpinned among other factors by a jump in construction activity as well as healthy consumption.

Among the challenges the industry faces, according to Asian Strategy & Leadership Institute chairman Tan Sri Jeffrey Cheah, is the market perception that the industry is heading towards a property bubble, which is not backed by reasonable evidence.

“As a developer I'm convinced as of now that we shall not be experiencing any such property bubble, as our property prices are still affordable compared with some of our neighbouring cities in the region,” Cheah, also Sunway Bhd chairman, said at an address during the launch of the 15th National Housing and Property Summit.

He cited Bank Negara's second-quarter gross domestic product data which indicated a 5.4% year-on-year growth despite external challenges as signs that private consumption remained steady. Central bank data showed the construction sector, which includes housing and civil infrastructure activity, surging 22%.

Great stuff: (From left) Land & General Bhd MD Low Gay Teck, PKNS GM Othman Omar, Asli CEO Tan Sri Michael Yeoh, Housing and Local Government Minister Datuk Seri Chor Chee Heung and Cheah looking at a project model.

Cheah said it was also untrue that property prices were being driven up due to foreigners' purchases in the country as transactions by foreigners had historically hovered at 3% compared with 20% in Singapore.

He added that 54% of total residential transactions in 2011 were below the RM150,000 range.

Cheah said the other challenge the industry faced was the lack of skilled workers, which caused delays in the completion of projects. He said it was important for the Construction Industry Development Board to continue engaging with both industry players and non-governmental organisations to address this issue in order to improve the quality of finished projects.

Cheah said there needed to be combined efforts by the Govern-ment and industry players to address these issues as well as come up with strategies to overcome them.

He urged the Government not to take “too drastic measures” to cool the property market as this “can kill market sentiment and slow supply of housing further.”

“The Government should not in-crease the real property gains tax. I also hope it will not further restrict lending to the property sector or introduce new measures that will make it more difficult for house buyers to purchase properties,” Cheah said.

He also stressed the sustainability of the industry, which would be important to ensure continued buoyant economic growth and resilience.

Meanwhile, Housing and Local Government Minister Datuk Seri Chor Chee Heung said new fiscal policies might be introduced in Budget 2013, as current measures taken to control house prices had not been very effective.

Despite the Government's measures to curb the rise in house prices, such as the increase in RPGT and a restriction on loan-to-value ratios on third properties and above, there were feelings that the Government has not done enough.

“I will be recommending a review of fiscal policies in the next budget,” Chor said.

Cheah's remarks on the property bubble continue to divide analysts who closely follow the industry with Kenanga Investment Bank research head Chan Ken Yew pointing out that a bubble might exist to a certain extant as prices continued to be above what younger workers were able to afford.

“This is because their salary can't catch up with the current house prices. This problem is not only evident in Malaysia but also in Hong Kong and Singapore,” he said.

Increasing the Employees Provident Fund's (EPF) withdrawal rate to be utilised for the down payment of a member's first home could solve this problem, he added. Currently, the EPF allows for a 30% withdrawal from Account 2. “If the Government allows for a 50% withdrawal, this would help to lower the burden,” he said. - The Star

Penang Real Estate | Penang Property | Penang Properties: Idaman Iris (C5)

Don't miss this affordable condo. Brand new! Good location & neighbourhood.

Pls click the link below for more information. Going, Going, Gone! Act Now.

Penang Real Estate | Penang Property | Penang Properties: Idaman Iris (C5)

Penang Real Estate | Penang Property | Penang Properties: Land For Rent (L3)

Penang Real Estate | Penang Property | Penang Properties: Land For Rent (L3)

Looking for Land For Rent in Penang? Air Itam? Then this Air Itam Land is for you.

Reason?

• Motivated Landlord - priced to rent
• Along main road of Jalan Boundry, Air Itam
• Near commercial & housing area
• Flat land & cement rendered

What are you waiting for? Contact us now!

To contact us, Penang Property, please click here.

Penang Real Estate | Penang Property | Penang Properties: Surin Condominium (C4)

Penang Real Estate | Penang Property | Penang Properties: Surin Condominium (C4):

Change Your Life with this Lovely Condominium!!!

Looking for a condominium in Tanjung Bungah, Penang? Surin Condominiumis for you.

Reasons?
By a reputable developer, Bolton Berhad
Good location & Good Sea View
Comtemporary design & with quality furnishing
Well designed & planned
High capital growth potential
Motivated seller

For more info & photos, click the link on top on this page.

To contact us, Penang Property, click here.

Penang Real Estate | Penang Property | Penang Properties: Bungalows Lot For Sale - Seri Tanjung Pinang (BL1)

Penang Real Estate | Penang Property | Penang Properties: Bungalows Lot For Sale - Seri Tanjung Pinang (BL1)

Buy a Lifestyle! One of a Kind!

Looking for Bungalows Lot For Sale in Penang to build your dream house? Then this E & O Seri Tanjung Pinang Bungalows Lot (Villa By The Sea) is for you.

Reasons?

• Good location - in a new well designed & planned township in Tanjung Tokong, Penang.
• One of the most sought after address in Penang nowadays which has been established as Penang's New "Millionaires Rows
• Modern & contemporary living is the theme of this Prime Township, one of the best in Penang
• Walking distance to sea & Straits Quay, a new happening place in Penang
• Can custome built your dream home
• High capital growth potential
• Rare opportunity as it is limited 

What are you waiting for? Contact us now!

For more information and photos, click the link on top of this page.

To contact us, Penang Property, click here

Penang Real Estate | Penang Property | Penang Properties: Terrace Corner For Sale - Fettes Park (TC1)

Penang Real Estate | Penang Property | Penang Properties: Terrace Corner For Sale - Fettes Park (TC1)

Be The Proud Owner! The Home you deserve!

Looking for a Terrace Corner at a quiet place & good neighbourhood in Penang? Look no more......this Terrace Corner at Fettes Park is for you.

Reasons:-

• Good location - Fettes Park, Tanjung Tokong
• Good neighbourhood - Quiet & peaceful, surrounded with landed properties
• Renovated & Good condition
• High ceiling
• Near all amenities 
• Rare opportunity with its location

The perfect choice.....Act Now! Don't miss the golden opportunity to own a landed property at this most sought after address in Penang.

To know more about Fettes Park Terrace Corner For Sale, click the link on top of this page.

To contact us, Penang Property, click here.