Penang Real Estate | Penang Property | Penang Properties: Desa Airmas Wanted

Penang Real Estate | Penang Property | Penang Properties: Desa Airmas Wanted: Calling All Owners of Desa Airmas Condominium,
No. 2A - 2B, Lorong Sungai Dua, 11700 Gelugor, Penang

We are pleased to announce that we have ready & serious buyer for Desa Airmas Condominium now.

Therefore if you or someone you know in Desa Airmas  Condominium is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Desa Airmas Condominium, please click here to contact us now. We shall be pleased to be of service.

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Penang Real Estate | Penang Property | Penang Properties: Twin Towers Wanted

Penang Real Estate | Penang Property | Penang Properties: Twin Towers Wanted: Calling All Owners of Twin Towers Condominium,
5 Persiaran Tanjung Bungah, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Twin Towers Condominium now.

Therefore if you or someone you know in Twin Towers  Condominium is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Twin Towers Condominium, please click here to contact us now. We shall be pleased to be of service.

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Penang Real Estate | Penang Property | Penang Properties: Jascilla View Apartment Wanted

Penang Real Estate | Penang Property | Penang Properties: Jascilla View Apartment Wanted: Calling All Owners of Jascilla View Apartment,
55 Tanjung Bungah Park, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Jascilla View Apartment now.

Therefore if you or someone you know in Jascilla View Apartment is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Jascilla View Apartment, please click here to contact us now. We shall be pleased to be of service.

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Penang Real Estate | Penang Property | Penang Properties: Cara Vista Apartment Wanted

Penang Real Estate | Penang Property | Penang Properties: Cara Vista Apartment Wanted: Calling All Owners of Cara Vista Apartment,
561 Wee Hein Tze Road, Tanjung Bungah Park, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Cara Vista Apartment now.

Therefore if you or someone you know in Cara Vista Apartment is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Cara Vista Apartment, please click here to contact us now. We shall be pleased to be of service.

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Penang Real Estate | Penang Property | Penang Properties: Tanjung Indah Apartment Wanted Urgently

Penang Real Estate | Penang Property | Penang Properties: Tanjung Indah Apartment Wanted Urgently: Calling All Owners of Tanjung Indah Apartment,
565 Wee Hein Tze Road, Tanjung Bungah Park, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Tanjung Indah Apartment now.

Therefore if you or someone you know in Tanjung Indah Apartment is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

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Penang Real Estate | Penang Property | Penang Properties: Marine Mansion Wanted

Penang Real Estate | Penang Property | Penang Properties: Marine Mansion Wanted: Calling All Owners of Marine Mansion Apartment,
559 Wee Hein Tze Road, Tanjung Bungah Park, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Marine Mansion Apartment now.

Therefore if you or someone you know in Marine Mansion Apartment is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Marine Mansion Apartment, please click here to contact us now. We shall be pleased to be of service.

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Penang Real Estate | Penang Property | Penang Properties: Hillside Garden Apartment Wanted Urgently

Penang Real Estate | Penang Property | Penang Properties: Hillside Garden Apartment Wanted Urgently: Calling All Owners of Hillside Garden Apartment,
51, Jalan Loh Poh Heng, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Hillside Garden Apartment now.

Therefore if you or someone you know in Hillside Garden Apartment is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Hillside Garden Apartment, please click here to contact us now. We shall be pleased to be of service.

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No immediate bubble risk for Malaysia's property sector

PETALING JAYA: The Malaysian property sector is not in any immediate risk of experiencing a bubble, according to property consultant CBRE Malaysia executive chairman Chris Boyd.

He said despite rising residential property prices, houses in Malaysia were still among the cheapest in the region.

“Residential property prices increased at a constant pace in Malaysia until 2009, but have been accelerating until recently.

“However, prices are not as volatile as those observed in Hong Kong and Singapore,” he said in a presentation during the 16th National Housing and Property Summit 2013.

“In comparison with selected Asian luxury residential prices, Kuala Lumpur remains one of the cheapest cities in the region,” said Boyd.

According to him, the average luxury residential property in Hong Kong costs nearly US$3,000 (RM10,200) per sq ft, compared with US$250 (RM850) per sq ft in Kuala Lumpur.

He pointed out that to overcome the issue of rising property prices, the Government had launched two schemes to make houses affordable, namely the Malaysia My First Home Scheme, which was introduced in 2011, and the1Malaysia Housing Programme, which came into effect in 2012.

Meanwhile, Universiti Putra Malaysia Housing Research Centre professor DatukAbang Abdullah Abang Ali said the recent Government initiatives were addressing the issue of rising prices but added that it was not clear if that was enough.

He said artificial increase in prices would create a bubble, noting that there was a serious mismatch between income and property prices, especially in the Klang Valley.

“This indicates that affordable homes are not being built to cater to the general market and most buyers in the Klang Valley are likely to be investors or speculators.

“As market prices head for a correction and speculation decreases, there may be an oversupply of properties above RM550,000.”

Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan, in his opening speech, said the Government had to mitigate excessive investment and speculative activity in the property market so as to prevent a property bubble.

“Moving forward, the Government would not hesitate to further tighten the fiscal policies in order to curb property speculation and ensure reasonable and affordable property prices in the country.”

Abdul Rahman said the low real property gains tax, which was increased from 5% to 15% last year, had not been effective in preventing the increase in house prices. - The Star

ASLI办“2013年房地产峰会” 房产泡沫危机回来吗？ 峰会主讲人各执一词

（吉隆坡27日讯）我国房地产会否陷入泡沫危机，抑或已处于泡沫危机中？

由亚洲策略与领导研究院（ASLI）举办的“2013年房地产峰会”上，各主讲人对我国的房地产会否陷入泡沫危机抑已处于泡沫危机中，各执一词。

恩纳斯张：勿提供孩子房贷首期

恩纳斯私人公司恩纳斯张，一针见血地为溺爱孩子的家长们发出警告，不要为没有摊还房贷能力的孩子提供房贷首期。

“千万不要将你的孩子推入坟墓，就算你的孩子月入8000令吉，不过要是没有能力偿还房贷，就不要为他们先付房贷首期。记得，银行不是慈善家，就算你告诉银行你有多少产业而要求获得房贷批准，你这么做只会送你孩子去死。”

他认为，虽然目前没有迹象显示，我国房地产处于泡沫危机中，不过房地产的价格只差应声跌下而已。

因此，他以黑色幽默警惕家长，“如果我是银行人员，我一定会先开枪毙了你，因为你这么做，等于杀死你的孩子。”语毕，哄堂大笑。

Govt mulls incentives to build more affordable homes

KUALA LUMPUR: The government is mulling more incentives to encourage developers from the private sector to develop affordable homes, said Housing, Local Government and Urban Wellbeing Minister Datuk Abdul Rahman Dahlan (pic).

"Can we give developers incentives in terms of getting rid of levies on foreign manual labourers and other tax incentives? Then we can get special incentives from the finance ministry. That might be something we can cover in the next Budget 2014 [in October]," he told The Edge Financial Daily.

"If developers are willing to build more affordable housing, we can do away with some requirements such as padang and mosques because they have informed me that up to 50% of the land is used to meet these requirements. 

"So let's say there is a similar amenity within a kilometre of that development, they don't need to build another one," he said.

The ministry is also considering ways to expedite the development of affordable homes. 

"For example, if developers have problems with their development plans with the local governments, we will step in and tell them ‘look, this is a special consideration, you must fast-track it'", said Abdul Rahman.

This is necessary as the private sector is expected to deliver about half of the one million affordable homes pledged by Barisan Nasional in its election manifesto in May.

The ministry is also mulling an alternative payment scheme for affordable homes, such as in the UK where the government helps cover part of the down payment.

"In the UK, you pay 5%, the government pays 25%, so that makes up the 30% [for a deposit], and you take up a loan of 70% to pay for your house. The government has an equity of your house. Within 10 to 15 years, it's payback time. There are many ways to skin a cat, I think," said Abdul Rahman.

He said the government loan to bridge the gap will carry a lower interest rate, which is enough to cover administrative costs, compared with a personal executive loan that has an interest rate of about 6%.


This article first appeared in The Edge Financial Daily, on August 23, 2013.