Press Release: GLOMAC Launches Dahlia Sari After Overwhelming Response To HappyNest Digital Campaign

Press Release: GLOMAC Launches Dahlia Sari After Overwhelming Response To HappyNest Digital Campaign

Sungai Buloh, 10 February 2021 – Glomac has launched another 120 units of its Sari series two-storey terrace houses at its mature development in Saujana Perdana, known as Dahlia Sari. This launch follows the overwhelming response to its HappyNest digital campaign launched in November 2020 and the successful sales of Mawar Sari homes.

Glomac’s Chief Operating Officer (Operations) Encik Zulkifly Garib said the HappyNest digital campaign had successfully attracted investors to purchase properties from Glomac, following the highly successful take-up of Mawar Sari (launched in October 2020) and Tresna Triandra (launched in July 2020), both of which were launched during the pandemic.

Encik Zulkifly added that Dahlia Sari is part of the 200 acres Saujana Perdana development which will consist of 2,018 units of residential and commercial properties on completion. Saujana Perdana annexes Bandar Saujana Utama, where a busy and thriving commercial square serves the two neighbourhoods. Both Bandar Saujana Utama and Saujana Perdana are matured developments, housing a variety of residential terraced homes of 20’x60’, 20’x70’ and 22’x75’ Terrace Houses and 24’x60’ Town Houses.

Located in the neighbourhood of Bandar Saujana Utama (BSU) and easily accessible to Kuala Lumpur City Centre from various expressway, Dahlia Sari remains an attractive option as it is the final plot of the Sari series landed homes development by Glomac in Saujana Perdana.

Developed by Glomac since 1995, BSU is a well-planned township that stretches across 1,100 acres northwest of Sungai Buloh district, where Saujana Perdana forms part of this development land. Today, both BSU and Saujana Perdana have an impressive occupancy of more than 93% and are expected to reach a population of 55,000 by the end of 2021.

Dahlia Sari sits within the proximity of numerous amenities such as schools and educational institutions, places of worships, healthcare facilities, restaurants and convenience stores, all of which offer stress-free convenience together with suburban healthy lifestyle facilities with parks and open spaces and easy connectivity to all corners of the Klang Valley via Persiaran Mokhtar

Dahari, Guthrie Corridor Expressway (CGE), Kuala Lumpur – Kuala Selangor Expressway (LATAR), New Klang Valley Expressway (NKVE) and Damansara – Shah Alam Highway (DASH).

Dahlia Sari offers 4-Bedrooms and 3-Bathrooms thoughtfully designed houses within a built-up area of 1,815 sf. to 2,175 sf within its 22’x75’ space. It is also designed to be flexible with a larger guest room and seamless layout concept from the living area up to the kitchen area. It is designed for spaciousness to accommodate large families, entertainment or simply for relaxation and comfort. Dahlia Sari is available from an affordable RM528,800 for an intermediate unit, with targeted completion by Q1 of 2023.

Dahlia Sari has a Gross Development Value (GDV) of RM80.2m. To date, Glomac has launched a total of 1,240 units of double-storey terrace homes in Saujana Perdana with a total GDV of RM700M. After Dahlia Sari, Glomac will shift its focus to commercial development in the area to increase the commercial activities and services for the residents of Saujana Perdana.

— End Of Press Release —

Please LIKE
kopiandproperty.com FB page
 to get daily updates about the property market beyond kopiandproperty.com articles. Else,
follow me on Twitter here.

Love to be updated on all investment news?
Sign up for KopiWeekly. (only once per week of property, finance, investment news and more)

Next suggested article:
Glomac 2Q FY21 Profit Before Tax Jumped 56%

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Press Release: GLOMAC FY2023 Group Revenue Increased To RM341.0 Million

Higher sales and steady construction progress contributed to stronger growth

Kuala Lumpur, 21 June 2023: For the financial year ended 30 April 2023 (“12M FY2023”), Glomac Berhad (“Glomac” or “the Group”) reported group revenue of RM341.0 million, representing 31 per cent growth compared to RM259.5 million reported in the corresponding period of FY2022. 4Q FY2023 group revenue
jumped 78 per cent year-on-year to RM131.1 million.

The stronger revenue was mainly underpinned by steady construction activities from ongoing development projects, including current phases at Saujana Perdana township in Sungai Buloh, as well as Plaza@Kelana Jaya and 121 Residences, Glomac’s two high-rise residential developments within the Petaling Jaya – Damansara districts.

For the year, profit before tax (“PBT”) was lower at RM50.5 million, impacted by higher construction cost, higher interest and other operating expenses. 4Q FY2023 PBT came in at RM20.9 million. Glomac’s balance sheet remains robust. As at 30 April 2023, net gearing improved to 0.16x against shareholders’ funds of RM1,177.8 million. The group’s cash further increased to RM288.8 million. The Group’s net assets per share also edged higher to RM1.53 this year from RM1.51. For FY2023, the Board has proposed a
final single tier dividend of 1.25 sen per share, translating to 4 per cent dividend yield at current share price. This will be subject to shareholders’ approval at the forthcoming Annual General Meeting.

Glomac’s strong product offerings and successful sales drive have resulted in 89 per cent jump in new sales to RM302 million for the year. On-going phases at Saujana Perdana and Saujana Utama 5, as well as high-rise residentials at Plaza@Kelana Jaya and 121 Residences continued to generate steady sales. In
4Q FY2023, the group introduced a commercial phase into its thriving Saujana Perdana township with overwhelming response. The take up rate for the 81 shop houses with a GDV of RM68 million was strong.

The stronger sales growth has translated to the Group’s healthy unbilled sales of RM528 million as at 30 April 2023, providing near term earnings visibility. Heading into a new financial year, the group continues to focus on keeping to construction schedule and ensure a smooth and on-time delivery of all on-going projects.

Glomac has a strong project pipeline with GDV of RM8 billion to further drive development activities and sustain its sales momentum. Emphasis remains on Greater KL-centric affordable to mid-market residential townships and developments where Glomac has established a strong and well-recognised track record as a developer.

This year, the group was awarded the Star Property Award 2023 – “Excellence” The Starter Home Award – Best Primary Home Development (Landed) within Greater KL for its Primrose double-storey terrace houses at Saujana KLIA, a highly successful and vibrant RM1.4 billion township development located in Sepang.

This is yet another endorsement of Glomac’s strengths in its ability to introduce quality innovative homes that fulfil the needs of buyers.

– END –

Property News Malaysia?
Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER).
 Alternatively, Follow me on
 Telegram here
.

Please LIKE
kopiandproperty.com FB page
 to get daily updates about the property market beyond kopiandproperty.com articles. Else,
follow me on Twitter here.

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Press Release: Glomac Reported Better Earnings With Easing Of Lockdowns

2Q FY2022 profit before tax rose 47.2% to RM19.5 million
Earnings visibility with healthy unbilled sales of RM526 million
Boosting sales efforts with new launches worth RM216 million in 2H FY2022 as economy re-opens

Glomac Berhad (“Glomac” or “the Group”) today announced unaudited results for the second quarter of its current financial year ending 30 April 2022 (“2Q FY2022”).

For the quarter under review, Glomac reported lower group revenue of RM75.4 million compared to the corresponding quarter in FY2021. However, profit before tax was 47.2% higher at RM19.5 million, aided by improved gross profit margin. Contributing developments include Saujana Perdana, Plaza@ Kelana Jaya, 121 Residences, Lakeside Boulevard and Sri Saujana in Johor.

The quarter performance showed a marked improvement against the preceding 1Q FY2022. Group revenue jumped 161% whilst profit before tax surged 418% as the economy re-opens and Glomac is able to resume construction activities at its ongoing development projects.

Glomac’s balance sheet remains healthy. As at 31 October 2021, net gearing improved to 0.23x from 0.25x at the start of the financial year, whilst cash and cash deposits totaled RM214.5 million, providing ample liquidity to further drive
its development activities. The Group’s net assets per share was slightly higher at RM1.47.

Plaza @ Kelana Jaya

Glomac is looking forward to boosting its sales initiatives as economic restrictions are being lifted and the economy re-opens. The Group is bracing to launch new projects with Gross Development Value (“GDV”) of RM216 million, comprising additional phases of landed residential units in its highly successful townships such as Saujana Perdana, Saujana KLIA and Saujana Jaya in Johor. New launches will also include the debut of Saujana Utama 5 in Sungai Buloh, a new residential township development with an estimated total GDV of RM299 million that is adjacent to the thriving neighbourhood of Bandar Saujana Utama.

Demand for affordable to mid-market landed residential properties remain buoyant and Glomac is confident of positive response for its upcoming new launches. To further enhance its product offerings, Glomac is also embracing the new digital norm with the inclusion of broadband connectivity and work-from home layouts. Previous launches at its existing townships are mostly all sold.

Glomac will continue to spearhead its two-prong marketing strategy, leveraging on its digital marketing platform and its conventional physical sales gallery approach.

Glomac’s near term earnings visibility is well supported by its unbilled sales of RM526 million and the resumption of construction activities. Going forward, the Group remains cautious of overhanging uncertainties from the pandemic that may dampen sentiment, even as optimism grows with the re-opening of the economy.

Nonetheless, Glomac is comfortably holding a portfolio of prime development landbank with potential GDV of about RM8 billion. Given its healthy balance sheet, the Group is able to easily accelerate its development activities and drive
longer term growth when sentiment improves.

— End Of Press Release —

Property News Malaysia?
Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER).
 Alternatively, Follow me on
 Telegram here
.

Please LIKE
kopiandproperty.com FB page
 to get daily updates about the property market beyond kopiandproperty.com articles. Else,
follow me on Twitter here.

Next suggested article:
Glomac Berhad – Meaningful Malaysia Day For 2 Acadian Buyers

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Glomac’s earnings soar 125 percent for FY2021

Press Release:
Glomac Delivers Commendable FY2021 Performance, Earnings  Soar 125% to RM28.3 million

? Commendable performance despite the challenges arising from Covid-19 ? Progress billings improved with resumption of construction activities post MCO

? Earnings visibility remains intact – backed by unbilled sales of RM578 million ________________________________________________________________

Glomac Berhad (‘Glomac’ or ‘the Group’) today announced its unaudited results  for the fourth quarter of the financial year ended 30 April 2021.

In the quarter under review, Group revenue increased 98% to RM115.4 million and profit before tax surged to RM20.9 million. The strong performance was  largely driven by the pick-up in construction activities post-MCO leading to higher  progress billings from Glomac’s ongoing projects such as
Saujana Perdana
at
Bandar Saujana Utama
,
Plaza@Kelana Jaya
,
Saujana Rawang
and
121  Residences
. Overall profitability was also boosted by a reduction in interest  expense, various ongoing cost rationalisation measures and a lower fair value  loss on investment properties (FY2021: RM13.0 million, FY2020: RM24.6  million).

Glomac Bhd CEO Datuk Seri Fateh Iskandar Bin Tan Sri Dato’ Mohamed Mansor

For the cumulative 12-month period (‘FY2021’), the Group reported total revenue  of RM366.3 million, an increase of 49% over the corresponding period last year  (‘FY2020’). Profit before tax grew 186% to RM57.7 million due to a pick-up in  construction activities and a lower fair value loss on investment properties versus  FY2020.

The Group’s financial position remained robust, sporting a cash position of  RM218.2 million and a current ratio of 1.77x. Net gearing stood at a healthy  0.25x against shareholders’ funds RM1.2 billion.

The Group’s net assets per share stood at RM1.45. In respect of FY2021, the  Board proposed a final single tier dividend of 1 sen per ordinary share which will  be subject to shareholders’ approval at the forthcoming Annual General Meeting.

During the year, Glomac achieved new sales of RM231 million despite being  hampered by the Covid-19 pandemic. This is a commendable performance given  that the Group strategically held back new launches during the year. Notably, new sales were driven by strong take-up rates from new phases launched in  FY2021. The double-storey terrace houses launched at
Saujana Perdana
were  very well appreciated by the market – with both
Tresna Trianda
and
Mawar Sari
more than 90% sold, whilst
Dahlia Sari
is more than 60% sold currently.

Sales was achieved by a strategic combination of right product offerings and  non-conventional marketing strategies. Glomac adapted to the current  environment by initiating aggressive digital marketing campaigns to complement  its conventional sales strategies which effectively boosted sales and conversions.

The Group also collaborated with the Maybank Islamic HouzKEY home financing  solutions to provide more benefits to buyers, offering 100% financing, non payment during construction period and competitive rates with low monthly  payments.

Operationally, the Group successfully completed construction and handed over  keys to the buyers of
Tresna Teruntum
, Saujana Perdana in April 2021. This is a  testament to the operational strengths of Glomac and a commendable  achievement given the disruption in construction activities brought about by the  Covid-19 induced Movement Control Order (“MCO”).

Looking forward to the coming financial year (‘FY2022’), the property market is  likely to remain challenging as the Covid-19 pandemic has yet to abate.  However,
mass vaccinations, a lower interest rate environment and the  extension of the Home Ownership Campaign (‘HOC’)
is likely to provide a  much-needed boost to the property sector in the medium term.

On the company front, Glomac’s earnings visibility is expected to be robust,  backed by unbilled sales of RM578 million. Over the longer term, Glomac will  continue to pace its new launches strategically, leveraging on a strong  development portfolio with a potential estimated GDV of RM8 billion that will  sustain the Group for the coming years.

— end of press release —

Love news like this and more?
Sign up for daily investment news updates.
 Alternatively, Follow me on
 Telegram here
.

Please LIKE
kopiandproperty.com FB page
 to get daily updates about the property market beyond kopiandproperty.com articles. Else,
follow me on Twitter here.

Sign up for KopiWeekly. (only once per week of property, finance, investment news and more)

Next suggested article:

Glomac Wins People’s Choice Award And The Best Mixed Development Titles

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Gloom and doom for property market?

Is it all rosy with Penang properties? I think the long term outlook is positive but according to a lot of my property friends, there has been a slowdown in Penang property market in terms of transactions. Due to all the new measures being introduced, some of the buyers felt that they want to wait for a while before committing.

First we have the INCREASE in RPGT. (Real Properties Gain Tax). Now, you will be taxed 30% if you sell anytime within 3 years of the property purchase. Bank Negara Malaysia (BNM) new ruling that all loans MUST be based on the net property price also meant that the total loans you can borrow for the property is now reduced. Potentially, you will also be levied 3% by the state government of Penang if you were to sell your property within 3 years of buying them. This will help to reduce speculative activities. Fitch downgraded Malaysia’s sovereign credit rating outlook to Negative from Stable

Whoa, lots of bad news. Doom for Penang properties? Well let’s now look at some good news.

An upgrade from stable to positive!. Moody’s Investors Service has affirmed Malaysia’s government bond and issuer ratings at A3, but has changed the outlook to positive from stable.  Though we were downgraded but Fitch Ratings maintained Malaysia’s existing high investment-grade ratings of “A-” on long-term foreign debt and “A” on long-term local debt. Bottomline, Malaysia is still graded ‘A’. 🙂   In terms of overall economy, in Q3, Malaysia recorded a year-on-year growth of 5% in Q3. This was helped by strong exports and domestic demand. In short, the domestic demand is still positive.

Personally, I think it’s now time to watch out and not buy when we feel that particular property is over-priced. If the area is now priced at RM500 psf but the new launching is at RM600 psf, it pays to be more careful.  However, if a similar new launch is priced lower or equal to current transactions in the area and the property is comparable, I think answer is still clear. No speculations please, buy if you have surplus investment funds.

Suggested next article:
Rent or Buy Penang Property

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Simplicity in comparing for better decision making

These days, it’s easy to compare before we buy, subscribe to a service, applying for a home loan or even putting our Angpow money into a fixed deposit. For the last one, it used to be ‘just put in the nearest bank or my favourite banklah.’ Well, the rate could be very different yeah especially for a substantial amount. For example, a savings of RM10,000 into a Malaysian bank can yield an interest of RM405 or even as low as RM295. As you can see, the difference is more than enough for a family dinner for 4 in a restaurant. Want to know more?
Click here to compare the FD rates for banks in Malaysia.

We compare best deals whenever we book hotel rooms, when we buy flight tickets and even when we do online shopping! We just want the best deal so that we can save and use the savings for even more of other products and services. Speaking of comparison sites, there are many in Malaysia and here’s one that I used  recently:
https://www.gobear.com/my/

This is what it says about ‘how to use me?’  SEARCH, COMPARE and GO. Yes, I think it is now by far easier to just use one site to search,compare and go instead of driving to different banks, parking at different insurance companies or even calling up 10 different friends selling ten different credit cards.

gobear
 says that 29 million users have found what they were looking for. Within the main page of
gobear
, we could see it has comparisons for people looking for
Travel Insurance (click here)
,
Car Insurance (click here)
,
Credit Cards (click here),

Personal Loans (click here)
 and even
Deposit Accounts too.
 Quite extensive, really. Beyond just comparisons, there is also a blog and here are a few of the interesting articles for some readings too:

Your 2018 Mid Year Money Review: 8 Things You Should Do.

Can you apply for a Personal Loan if you have been blacklisted?

7 Most Dangerous Countries for Malaysians to visit?

GoBear started in 2015 and since then has grown from its home market of Singapore to serving millions of users across Thailand, Malaysia, Philippines, Hong Kong, Vietnam and, soon, Indonesia. So, the next time you think about comparing before applying, here’s another site for your comparison needs. Happy getting the best deals yeah.

Next suggested article:

I want to get married at 30. A bit of strategizing is good too.

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Going long term, objective and firm: Greater KL

“A conservative, long-term plan for Malaysia” This is the title of an article in TheEdge online which I read today (1 Aug 2015). It refers to what Agile Property Holding Ltd had in their mind when they decided to start their Malaysian development plans. It is China’s third largest developer and according to Wilson Ren, CEO of Agile Real Estate (M) Sdn Bhd, the reason why it is focussing on Greater Malaysia is because the economy and the income level which is like Fujian, a Tier 2 city in China. Some may disagree with him but I think it’s fair to say that Greater KL is definitely at the level of Shanghai or Beijing of today. Perhaps just the KLCC area is closer and comparable but all other areas would continue to show promises of future growth.

I like his statement because it meant that he is thinking long term about Greater KL. Personally, for Greater KL my investment mindset is, ‘Going long term, objective and firm.’ Long term is because I would be based here for some time more. After all, I was based in Penang for 14 years and I have just been here in KL for the past 2 years plus. Thus, whatever investment I have should focus on a longer term horizon, with the aim of continuous and orderly capital appreciation. Objective is because until today, different areas of just few minutes away shows a totally different price levels. Just look at Desa Parkcity and its surroundings. There are condos which are still at below RM400 psf today, simply because the area is less loved and there are condos where the price per sf seems like NO LIMITS!

Finally, FIRM is because the decision is mine and not due to any influence from any famous personality no matter who they are. I would not want to follow anyone simply because he or she is supposed to be a well known property guru. Yes, I think I may miss out on some opportunities but if my evaluation and due diligence is done right, coupled with sufficient readings, I should do just fine. I will always remind myself that if I buy without understanding, it’s just a gamble.

Agile also said something which I have written before earlier; profit margins for developers in Malaysia are still higher than many more developed property markets. Wilson said that the profit margin for developers here are definitely higher than those in China. He said in China the typical margins are just 10 percent. What about here in Malaysia? Read latest one for a mid-tier developer here:
Hua Yang’s FY15 net profit margin at 18.95%

  Or a top developer here:
First 6 months, SP Setia’s net profit margin at 12.83%
  This meant that there are definitely still rooms for developers to adjust their strategies accordingly during a market slowdown. A look at some of the newer launches would show that rebates or some type of special deals are now a norm. With Agile, the market should have another competitive choice to choose from, especially starting with Mont Kiara. An image of how their project would look like is attached in this article. Happy going long term with Greater KL.

written on 1st Aug 2015

Next suggested article:
Cheapest and most expensive in Mont Kiara

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Gold always glitter when others start to falter. Buy, buy and buy?

I have gold as an investment before. Bought and kept it for like over a year and sold it for nearly no profit at all. Maybe I invested without much understanding. There are some who swears by it yeah. This is the view of an engineer who has been continuously investing into gold. “My view may be a bit unconventional, but honestly, I don’t put my money in any other asset class except gold.”
 The full article in thestar.com.my quoting him here.

More often than not, gold is always seen as a safe place to put one’s money especially everything is so volatile these past few weeks due to Covid-19. If someone bought into some shares in Bursa Malaysia last year, then the current share prices may cause him to faint. Of course, if the investment was into some banks, the results were still okay.
Earlier article here on Maybank and Public Bank.

Article in themalaysianreserve.com
  Stashaway Malaysia Sdn Bhd country manager Wong Wai Ken said this about gold.”  “As the extent of the virus has not been fully quantified and its economic effects are now only surfacing with companies guiding lower earnings, there is more upside for gold.” Wong said, “If the uncertainty abates, gold will experience a pullback, yet there are always other risk factors that support the price of gold.”

As a safe-haven asset, gold has rallied 7% from the Covid-19 uncertainty. In 2019, it rose by 19% due to the trade tensions between the US and China. Howie Lee, an economist at Oversea-Chinese Banking Corp Ltd, believes there is room for gold prices to climb further, given the global economy started 2020 on fragile footing after last year’s escalation of US-China trade tensions. Please do refer to the full analysis by many other analysts here:
Article in themalaysianreserve.com

For gold as an investment, I am of the opinion that one would have to buy with more knowledge and time the buying and the selling. It is often believed that with gold, the value does not reduce. The trend for gold prices as follows:

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

Actually, if we are to look at investment over a much longer period of time, then the notion of the investment being always rising in value is just as true for a good property in a good location. It’s just as true for a good company whose share prices were battered during a bad time. In other words, when we invest, look at it as an investment. “Price is what you pay, Value is what you get.” Never forget this statement from Warren Buffett whose investment decisions are considered legendary.  Happy investing.

Maybe it’s gold? My investment includes Stashaway too. Happy understanding about it.

Please LIKE
kopiandproperty.com FB page
 or
Sign Up for free
 to get daily updates about the property market. Else,
follow me on Twitter here.

Next suggested article:
Property prices up because of prime minister’s effect?

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Gold as an asset? Russia also thinks the same.

Do you regard gold as an asset? I do. I think gold earrings for my wife is a good investment even if I have to pay extra for the design. I mean gold as an asset always appreciate, right? In 1999, I still remember I bought a 916 gold earring for my wife. If I remember correctly (I may not), the price was around RM30 per gram. Price today is like… 8 times higher. If only I bought a few kg then? Haha. I did not.

Recently, I bought an 916 gold earring for my wife. I think gold should keep its value and by the time she gives it to my daughter (though the design would look dated by then), the price should have become much higher. Anyway, gold is loved by many as an asset and this is true for all Malaysians and not just me. There’s one country who thinks of gold as an important reserve even when compared to the US Dollar.

Photo by Pixabay on
Pexels.com

Article in bloomberg.com.

 Russia’s is keeping more gold than U.S. assets for the very first time on record. Within its  $583 billion international reserves, gold made up 23% as at end June 2020. The share of dollar assets have dropped to 22% from more than 40% just 2 years ago in 2018. This change is part of a broader strategy outlined by President Vladimir Putin to “de-dollarize” the Russian economy and lower its vulnerability to U.S. sanctions amid deteriorating relations with Washington. Gold is now the second-biggest component of the central bank’s reserves after the euro, which makes up about of a third of total assets. About 12% of the stash is in yuan. Do read the full article here:
Article in bloomberg.com.

Perhaps gold as a gift is really a good gift

Think about it. A designer handbag versus some gold jewellery? A new smartphone versus some gold jewellery? Haha. Do not cringe okay. I do know that everyone would have their own desired choices. So, do go ahead and buy that handbag or that smartphone. Both are fine. Just remember that the same earring I bought in 1999 for my wife is worth like 8 times more today. Come to think of it, why did I not buy a few kg then??!! Haha. Happy loving gold. Oh yeah, I do think Russia will continue to love gold too, definitely not the US$.

Please LIKE
kopiandproperty.com FB page
 to get daily updates about the property market beyond kopiandproperty.com articles. Else,
follow me on Twitter here.

Love to be updated of investment news?
Sign up for KopiWeekly. (once per week for property, finance, investment news and more)

Next suggested article:
Remember the lessons from the Golden Goose story?

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Remember the lessons from the Golden Goose story?

If you do not know this story, it’s okay.
You can read a very short one here.
In brief, a poor farmer and his wife saved money slowly and one day he has enough for a goose. He hopes the goose will lay him eggs which he could then sell in the market. The next day, he found out the goose lays golden eggs! He could sell those for a lot more money and soon the farmer and his wife got richer and their lives got better. However, they feel that it is too slow. They decided to cut the goose open to take all the golden eggs at one go. When they cut the goose open, there were no more eggs inside… Greed has destroyed what they could have had.

In the property market, we have seen this time and again. Someone somehow got a little lucky with the timing and because of this got a huge windfall when the property price moved up by double digits in those few years. What does he do with the windfall? Well, spending it fast is one but what he does next is that he will now buy a FEW UNITS at one go because he wants more money gains, quickly. This may not happen again yeah.

When everyone does the same and the whole development is full of people thinking of doing just that (sell quick for high profits based on previous experience), imagine what will happen when the keys are handed over? Yes, the jostling to sell among majority of all the home owners will start. Very soon the pressure to sell at lower prices will start when some people start to face problems with their mortgage payments. When transactions start to happen at lower prices, then more will follow and soon the prices are dumped and any profits are now a foregone conclusion. It’s more of cutting losses now.

In the end, what will the person learnt is that property “investment” is not rewarding at all. Seriously, is this the truth? That property investment is NOT rewarding? Or that property investment gives super high and fast returns? Property prices should just rise slowly with higher salaries and inflation every year. Read this for understanding:
Property investment is not low risk and low returns
  In other words, it should mirror the golden goose with a golden egg every day. Happy finding your ‘golden goose’ from the property market.

Please LIKE
kopiandproperty.com FB page
 or
Sign Up for free
 to get daily updates about the property market. Else,
follow me on Twitter here.

Next suggested article:
Selling your home faster? Some tips here.

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Golfing, hot weather and Japanese interest

When I was with my first company, a Japanese MNC, my general manager told me that while golf is not considered a luxury for him in Japan, it is a scarcity. More often than not you would need to book at least weeks ahead and for some of the more popular ones, perhaps even months ahead. Here in Malaysia, it’s almost a certainty that you can get a place for golf every weekend and it’s considered extremely affordable in terms of costs compared to Japan. Thus I can understand United Malayan Land Bhd (UMLand)’s group chief executive officer, Datuk Charlie Chia Lui Meng when he said there were lots of Japanese interest in UMLand’s Bandar Seri Alam’s bungalow units as well as the fact that some of them may be very interested due to the hot weather all year round and the opportunity for golfing unlike in Japan.

For many Malaysians, we may think that our hot weather is a disadvantage but the truth is, for people from countries with four seasons, they prefer the hot sun compared to the cold winter. When I was in Bristol, the winter was considered mild I liked it for the first few days. After that, it was not really that likeable. I travelled to Edinburgh during winter and the winter breeze was numbing. Now, think about living with those kind of condition for 90 days every year. In some places, the snow is so thick that you could not even open your car door in the morning! It’s also gloomy, people wear thick clothes all the time and there’s really not many things you can do. Not even a stroll in the park. Here, it may be sunny but if we really wanted, swimming, running and even hiking can still be accomplished easily.

When I was in Japan for the first time, I learnt that a fresh Japanese graduate earns about RM6,000 per month. That was about 10 years ago. I just googled and found out that the average salary has remained almost the same. Well, RM6,000 is only enough for the smallest of the smallest room in a tiny apartment, Happy Hour once every week and please do not get any summon for parking at the wrong place. If you do, that’s the end of your salary for that month. However, if a Japanese saved a little and when they retire they would like to maintain or even upgrade their lifestyle, they can do it in Malaysia. In fact they can do more than just enjoy the hot weather or golfing. They can also  stay in much bigger places if they want and in terms of company, rest assured, they do mix together socially.

Yes, when it comes to hot weather plus golfing and you mix it with properties, developers can really attract lots of Japanese interest. Just make sure the first batch comes, enjoy the lifestyle and the development and the rest would follow.

written on 11 Mar 2015

Next suggested article:
MM2H Malaysia for Japanese, 3,346 here and ‘busier here than in Japan’

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Gong Xi Fa Cai and Happy Holidays

Many friends who are the same age as me said that they no longer feel anything special about Chinese New Year. They do not even buy new clothes anymore. Let me share a little personal secret. Any celebration is only as awesome as how we would like it to be. Question is, do we? Blame it on a bad economy? Majority of the countries today are worse where GDP growth is concerned. Blame it on ringgit falling thus prices too expensive to buy anything? Come on, we have worked for one whole year, could we not spare RM29.90 to buy a discounted red coloured T-shirt to get us into the mood?

Still fully negative about this coming Monkey Year which will fall on the February 8th, 2016? Signifying ‘EASY to be RICH’ from 2 and 8 in Cantonese. Hey, this really do not come often. Celebrate it. Eat more. Laugh even more. All other reasons, come back and think about it after 8th and 9th February 2016. We really do deserve a good break.

May everyone drive safely and enjoy a really good time with all our loved ones. Whether we are Chinese or non-Chinese, who cares, just ENJOY the long holiday! Yes, I am already home in Ipoh with my family. Lucky me.

Charles, 6th Feb 2016.

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Gong Xi Fa Cai and Happy Holidays! UP, UP and UP is my wish.

Gong Xi Fa Cai and Happy Holidays to all. I hope everyone drives patiently and arrive in your destination safely. Perhaps this year the jam is lesser because the number of cars on the road in KL was already fewer since 13th February 2018 (Tuesday). On 14th February, it was a breeze to my office too. I am already home to Ipoh. It’s that time of the year where EATING starts and will go on until end of the Chinese New Year (CNY). Burp…  Anyway, I must watch what I eat these days. Already 41 this year and metabolism is getting slower which meant that whatever I eat is usually not ‘spent’ and will remain in my body for a long time. Let’s talk about four positives this Chinese New Year in 2018. POSITIVE ones ONLY.

Ringgit is up.

Compared to last February 2017. Just take a look at the image for the exchange rate one year ago. From RM4.45 to US$1, it closed at RM3.91 to US$1 yesterday. 14 percent up. No comments on why those retailers are still NOT reducing their prices when they increased it last year because of ringgit’s depreciation. Perhaps they will reduce it next month? Depends on consumer lah. If you are still willing to pay higher, they will charge you higher lah. One real example? Many developers are no longer launching those over RM700,000 properties and are now focused on below RM500,000 ones instead. Consumer power matters! It helps to determine the final prices being offered to us.

GDP is up.

5.9 percent for 2017 is a good number no matter how we look at it. Some comments? Here’s two from the
Asia.Nikkei.com
 Alex Holmes, Asia Economist from Capital Economics says, “We expect the economy to lose a little more steam over the coming quarters against a backdrop of moderating export growth and tighter monetary conditions. Overall, we expect growth to ease to 5.5% this year, which is still strong by the standards of recent years.”  Meanwhile Sanjay Mathur, Chief Economist for Southeast Asia and India from ANZ Research says, “The outlook for 2018 is positive, reflecting a combination of favourable external and domestic demand conditions. For full year 2018, we expect growth to remain solid at 5.8% y/y.  (I am not an economist but these two are definitely positive for 2018. Let’s agree with them!)

Chinese $$$ is up.

Nope, not Malaysian Chinese. We are talking about Chinese from China. In January, a total of 327,000 visa and entry passes were issued to the Chinese nationals. What this tells us is that the travel abroad during the CNY period is not confined to just Malaysians but also the Chinese. This also tells us that the hotels would be fully booked, shopping malls would receive more visitors than usual and well, there would be jams in some touristy destinations like Penang or Kota Kinabalu or even Kuala Lumpur! In brief, I think the Q1 economy numbers as well as the retail numbers would be good. Many studies have shown that the Chinese tourists spends MORE than most other tourists. (
Keep them coming, especially now that applying for visa and entry passes are hassle free. By the way, they dominate the number of MM2H applications too.Here’s one
recent article in South China Morning Post
)

The stock market is up.
For this however, always be cautious in the stocks that we buy because there are already stock prices which are pretty high. Whether big names or no names, buying beyond their one year valuation is not a good idea. There are definitely gems out there which are still overlooked. 🙂

Property market is NOT UP, yet.
 This is definitely a good news for working professionals like me. Please give me some time to save enough for downpayments lah. As for those who has set their sights on that home sweet home, I am happy for you too.

Happy eating (and exercising it off). Happy receiving angpows (for singles). Happy giving angpows and make kids happy (including me). Happy holidays to everyone and please, please, please DRIVE SAFE. Wishing everyone “Sam Seong Si Seng!” (Whatever the heart yearns will come true)

written on 15th February 2018

Next suggested article:
Residential property outlook? Developers are switching…

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Gong Xi Fa Cai and Happy Holidays! (No articles on 28th Jan yeah. Rest Day)

Wishing all of us an awesome 2017.

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Gong Xi Fa Cai and Happy Holidays to all.

Okay, no articles will be posted on 11th and 12th yeah. Let’s just take a break. I feel grateful that all my loved ones are safe in their homes even if we could not meet for a reunion dinner this year. Well, just zoom for 2021. Just for this year. Yes, this is my wish and I hope it will come true. I am looking forward to a super duper amazing CNY reunion dinner in 2022 with all my family members.

By the way, it’s not the best time to go on diet. Just cook, or order and just eat. Diet starts after Chinese New Year. Oh yeah, it’s 15 days yeah. Haha. Gong Xi Fa Cai and Xin Nian Kuai Le to everyone who’s celebrating and to the rest, enjoy a good break. You deserve it! Articles will be back on 13th February 2021. It’s Saturday, so probably something lighter than our usual property related articles. 🙂

Photo by RODNAE Productions on
Pexels.com

Love to be updated of investment news?
Sign up for KopiWeekly. (once per week for property, finance, investment news and more)

Please LIKE
kopiandproperty.com FB page
 to get daily updates about the property market beyond kopiandproperty.com articles. Else,
follow me on Twitter here.

Next suggested article:
I need a holiday. Even if it seems like we are on a holiday?

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Lots of good advice for 2019 real estate goals.

First of all, 2018 has been a pretty subdued year for everything, not just property market. Somehow, majority of everyone seem to carry a negative sentiment in whatever they think and do. Many say they could not spend more when they travel overseas because ringgit kept depreciating. Actually, it has only depreciated a little this year, much lower than 5 percent PLUS the fact that these Malaysians could still TRAVEL OVERSEAS should say a lot about their earning power right?  Anyway, many would agree that 9th May 2018 should be a turning point. Well, if so, then why still do negative? 🙂  Instead of listening to me, how about listening to all the prominent property people in the property world?

Article in EdgeProp.my here.
I will just cut and paste one which I agree nearly 100 percent of what he said.  This is the view of Lim Boon Ping MIEA’s President Elect.

Top three challenges for the property market in 2019
1.    How to keep the property market vibrant while managing price hikes. It’s always a tug of war between the two. When the market gets vibrant, property prices increase, leading to affordability issues. On the other hand, too many cooling measures may affect many other industries related to real estate.

2.    How to ease the lending process, but still ensure that only those who can afford to, obtain bank loans. While many complain about the stringency of the current lending policy, the bank has to ensure that the people who borrow are truly qualified.

3.    The reach of affordable housing to those who need them. Although there are many so-called affordable housing projects in the market, are they really ‘affordable’?

Market catalysts
Technological innovation and crowdfunding will change the way properties are transacted or owned. For instance, developers have started to sell their properties through online shopping portals like Lazada and through the FundMyHome scheme. Developers are trying to incorporate Real Estate Investment Trusts, or issue bonds through Special Purpose Vehicles into home ownership in Malaysia. All these will bring a paradigm shift to the property landscape.

Advice for investors
It doesn’t matter when you bought your property, it matters when you sell. As long as you hold your property long enough, it’s almost an assurance that you will make a profit out of it.

Describe 2018 in one word
:
Uncertainty

Describe what 2019 would be like in one word:
Recovery: The property market has actually started to shrink since 2012. We believe the market has hit rock bottom in 2018, in light of the weakened market sentiment and uncertainties from the change in government and its new policies. In 2019, people will have a better and clearer direction as to how the new government is going to run the country, including the policies affecting the property sector. Business confidence will improve as a result of greater transparency and better governance.

— end of Lim’s view —
Full article in EdgeProp.my here. (lots of other views too)

I would just like to point out that we should help Malaysians own a home but we should never ever relaxed the rules that those who could not qualify are also approved to borrow. Remember the history of how Sub-Prime Mortgage crisis in 2008 and learn from it. If downpayment is needed, the owner MUST somehow be disciplined enough to save for it instead of paying nothing and still get to own a home! So, it should be a question of how to get these people to save more, either through earning more or changing their consumption habits. Happy reading that very informative article yeah. Cheers.

written on 29 Dec 2018

Next suggested article:
Property market declining and recovering within 2019

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Good article about “smart credit card user.”

How to be a smart credit card user? There is a good article with lots of valid points. It’s by someone whose articles I read every week. I think his articles are good and helps us to become better in financial management. Here’s that
article in TheStar by Mark Reijman
(co-founder and managing director of
CompareHero.my
)  Mark gave us 10 points. Here’s one extra point to think about:
Enjoy it. Little luxury before flight. Easier these days

Yea, Premium Lounges in many airports including international ones provide the access to some food, drinks and relaxation before we fly, even if we are not buying a Business Class seat.

Another advice that I would personally give is NOT to hold too many different cards from different banks. I know, the rewards from each banks are different. However, we just to have to choose the one which is most applicable to us. The reason is because it is not easy to manage when we have too many cards and we may overspend simply because we have extra credits from another card that we have not used for some time. At this moment, I have credit cards from three banks and I am cancelling one soon. Even three seems too many for me currently. Perhaps one Visa and one Mastercard is enough. Some offers like buy one drink, free another drink or buy one movie ticket and get another movie ticket free? The only catch is that we need to DRINK more or WATCH more. Haha. Now imagine it’s THREE BANKS with 3 offers?

In his final point, Mark shared that we should not be blinded by ‘status’ cards. For example, platinum, gold etc. I beg to add a bit. As long as we follow his other 9 advice in the article, then for no.10, we should still get a premium card. The reason is because there are now many banks offering premium cards for FREE. (free annual fee) and yet the premium cards (usually known as Visa Infinite, World Mastercard or others) would offer more benefits to the user. I have given one example above (Premium Lounge access) but these premium cards usually also come with higher insurance coverage when we buy our flight tickets and even invitation to some exclusive events or offers which is usually FREE. Work harder, climb the corporate ladder and get one. It’s worth the effort, really.
Do read his article in full again if you missed it just now.

written on 1 Oct 2017

Next suggested article:

Stay strong. Shed the depreciating debts

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Good cup of tea is easy.  Follow me.

My friend said, BOH / Lipton tea sold in Malaysia is not good. She needed two packs in order to get sufficient flavour for one cup. I actually agree with her. Well, until one weekend when I stumbled upon an article telling everyone how best to make a good cup of tea, from tea bags. The writer quoted statistically speaking, majority of everyone takes less than one minute to make their cup of tea. Typically, what everyone did was, they throw in the tea bag, pour in hot water and use their spoon to try and press the tea bags on the cup to make the ‘taste come out’. THIS IS WRONG!

This is because if you do this, the taste for the tea would have a bitter taste and it also does not have sufficient time to release all of its flavour. What you need to do to make a good cup of tea, irregardless of the brand you use is this: Get a nice cup, put in one tea bag, pour hot water and do not do anything for 3 minutes. When you reach 3 minutes, just take out and dip the tea bag a few times and throw the tea bag away. Then, take a sip. The tea should now taste just nice, even without sugar or milk. If you need the usual milk and sugar, you can also add accordingly.

I have tried this with every tea drinker I know and I can safely assure you, your 45 seconds tea versus a 3 minute tea is totally different. There is also no need for TWO TEA BAGS just to make one cup of nice, aromatic and natural cup of ceylon tea. Try it and share your experience if you are also as amazed as me.

written on 13 dec 2013.

Next suggested article:
Heritage Village – Paradigm Mall has Kuih Koci!

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


The Good Debts, the property and the degree

Everyone loves good debts, or at least believe they should accumulate good debts. Of course, some believe no debt would be best if one wants stability. After all, even if one has good debts such as property, one is still open to property price fluctuations during bad times. More importantly however, did we accumulate more of the good debts so that these good debts can continue to build on top of itself and your good debts continue to become better debts? Do note that savings is an extremely important element for you to tap on so that you can increase your good debt. When was the last time you saved MORE? 🙂

Property investment is a great way to accumulate good debt IF you were not simply buying and happen to buy at the highest price per sf ever thinking it will go even higher. If it does, lucky you. If it does not, you would have to restart all over again. Buying good stocks is also another way and if you bought that stock because someone told you that it will be going up very soon, I wish you luck. It’s better to understand a little bit about the company you are buying and think longer term. It should beat your FD’s return over time.

Another good debt many people talk about is education. However, in terms of education, for example a Master Degree, this is a neutral area. If you can afford, why not. Just understand why you wanted it in the first place. If you think a Master Degree will push you up the corporate ladder, think again. However, when an organisation is deciding on the better candidate when they have two, guess who would be chosen if one has just a degree and another with a Master? PHD is another thing altogether, perhaps applicable only in niche positions. Master degree is however a good plus point. Don’t believe? Take a look at the job ads for senior manager and you would understand why.

Many would tell you, education is not important. Look at many of the billionaires, so many of them were university dropouts. The only reminder I would like to offer would be to take a look at majority of those who do well today. Many of them had a faster and better start because they had a degree in the first place. Without one, you may not even get to start. Again, just look at all the job advertisements today for any senior executive positions and all the way till senior management. When I started many years ago after my first degree, my position was immediately 3 levels ahead of my senior who had only a diploma. 3 levels ahead meant I started at 9 years ahead. This is a fact of life. In fact studying for a a degree is so easy these days that if one is not pursuing one, the only reason is just laziness, nothing else.

Yes, good debt include not just investing in physical assets. It includes investing in the best asset too; yourself. Happy getting more good debts.

written on 11 Apr 2015

next suggested article:
Household Debt Malaysia? Better.

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Another happy news. Good increment in 2015.

According to Hays Asia Salary Guide, Malaysia is second only to China when it comes to salary increases in Asia. In fact, 10% of employers will be offering more than 10% salary increment to their staffs in 2015. In other words, you should get that increment letter soon, should you have performed very well and the employers would hate to lose you. Another 33% would give their employees between 6 – 10 percent. Not too bad as well because inflation is likely to stagnant in 2015. Of course, your personal inflation is likely to be much higher as Iphone 6 looks very attractive. To manage it better, get a Xiaomi instead. My personal choice? OPPO.

The majority would get between 3 – 6 percent. It’s ok, there’s no need to ask too many people. I think the survey is pretty accurate. Oh yeah, 1% of employers said that they will NOT give any increment. I think these employers would continue to struggle. Truth is, salary increment of 10%, even for a RM10,000 salaried staff would meant just RM15,000 per year including the usual statutory payments. However, a RM10,000 staff is likely to give you many times the returns if he/she is a performer. Besides, the cost of hiring as well as the cost of retraining a new people is not going to be low, not to mention the new staff may even be a bad hire and the employer may need to rehire.

What this piece of news meant is that the sentiment moving forward should be at worst, neutral. At best, of course it helps to ensure the retail sector remain strong when the employees have more to spend. I think Starbucks may be doing well this year. That’s why I bought 1,000 units of Berjaya Food just for fun. It has gone below the price I bought by around 5%. So, will keep until it hits 20% up or gives me dividends when Starbucks does well in 2015. In fact, the Malaysian economy is still expected to be growing by 5% or maybe slightly more in 2015. As usual, the catch is, the world must not be faring worst or else, the growth is not possible. What’s your increment? What’s your plan after this increment? Save for a property lah. That’s going to be a good decision. Make yourself too useful to lose and your increment will be higher than others. Happy working.

written on 25 Feb 2015

Next suggested article:
Average Bonus 1.4 months. Do what with it?

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


How to gauge if it’s a good location for property? Maybe use chicken rice?

Lattes and property

Some time back, I wrote about how when a neighbourhood has many cafes, the property price is usually more expensive. Will rewrite that article soon. Meanwhile, my good friend wrote about how a location’s attractiveness could also be seen from a humble chicken rice stall. His point of view is very valid and makes logical sense too. Then again, he is a Penangite, so maybe it’s much more applicable there? Let’s take a look.

This is
his FB page. Cheston Choo.

His comments was in Mandarin. This is an edited version in English.

Cheston’s comment:

When we are buying a house, it pays to also take a look at a nearby chicken rice stall. Why? The reason is because when there are chicken rice stalls, it means that there is a flow of customers; people. Same logic applies for people wanting to buy into locations where there is a sizeable population.

I have personally found that locations for homes where the chicken rice stall is doing well are related. Do try and see if the area has a nearby / walking distance chicken rice stall (usually inside a kopi tiam). If there is just ONE chicken rice stall in the whole neighbourhood or the stall hangs up just 2 chickens when it opens for business, then the location’s attractiveness is really average only.

— end of his comment — (His FB post in Mandarin right below for reference)

Funny but has good logic

As funny as his comments are, it has a basic logic to it. By the way, chicken rice is a much better gauge versus char koay teow because chicken rice will sell a lot more plates everyday. Some people can eat it daily but char koay teow is just too heaty to eat daily and many may also not want to eat it during lunch or a hot day etc. Chicken rice is suitable for lunch, dinner and in Penang, I have seen many eat it for breakfast too. Happy using this logic when you are looking for a property. (more applicable in Penang yeah)

Property News Malaysia?
Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER).
 Alternatively, Follow me on
 Telegram here
.

Please LIKE
kopiandproperty.com FB page
 to get daily updates about the property market beyond kopiandproperty.com articles. Else,
follow me on Twitter here.

Next suggested article:
Outlook for the property market 2022

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Good news for real estate agents, one unlicensed one arrested.

Okay, the arrested one was not in Malaysia but it is ok, just spread this news as wide as possible. In Singapore, one person by the name of Tan Yang Po was charged by The Council for Estate Agencies (CEA) for allegedly acting as an estate agent without being licensed by the CEA. Tan is the first to be prosecuted in relation to unlicensed estate agency work for the sale of foreign properties. She was trading as AZEA Personal Coaching (APC). In Singapore, under the Estate Agents Act, an estate agent must be licensed with the Council (CEA) before it can market local or foreign properties here.

If only the enforcement in Malaysia is stricter, then such cases may also happen in Malaysia. To unlicensed brokers, sorry. I do not agree that this profession is degraded to a level where anyone and everyone can just be one. The reason why there are so many unprofessional happenings is also because these unlicensed brokers make it so much tougher and harder to get good people into the industry. Come on, if you do not allow unlicensed agents to sell insurance and unit trusts which are of much lower value, why do we allow these people to sell a property of half a million or more? On and off, we hear of stories where the ‘brokers’ disappeared with the deposit. I am very sure sometimes this may happen to negotiators who are attached to licensed agencies but compared to any ‘Tom, Dick and Harry?’

In my previous role, I have spoken to many agents who struggle and told me how they had to compete with these people who sometimes charge just a few hundred ringgit and thus the owners love them. when i sold my property last year, I used licensed agencies. I am putting another two up for sale and I just said sorry when my friend said he can sell for me because he is not an agent. Perhaps my friend would not run away with my deposit money but this is just not right. For me, if you really want to excel and earn lots of money, go and get yourself attached to a licensed agency. As for all those REAL ones, thank you for your professionalism and please weed out the unprofessional ones too.

written on 24 May 2014

Next suggested article:
A really good real estate agent should…

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Revival of abandoned project always welcomed. LIKE.

Image from The Edge Property

One good friend in Penang told me that his abandoned apartment has remained abandoned for over 10 years. This is unfortunate but the fortunate thing is that he is doing very well and thus this is manageable for him. However, I do hope that all buyers would get what they purchased even if sometimes there may be a slight delay. One such project, The Boss Service Suites (The Boss) in Klang may be revived soon. As per article in
propertyhunter.com.my
 there is now hope for the buyers of The Boss. In fact according to the article, there were three developers expressing their interest to take over the project. The current liquidator for the project is KPMG DealAdvisory Sdn Bhd and they will be fine-tuning the terms and conditions for the revival plan.

Once this is completed, the white knight developer would have to talk to the billing bank who is currently the owner of the project about the redemption sum. When this is done, the purchasers’ association can then organise an Extraordinary General Meeting to vote on the revival plan. Currently, The Boss Purchasers’ Association has 250 members. According to the anonymous buyer who was quoted in the article, the association need at least 75 percent of members’ votes in value or 61% of members’ votes in numbers. He even said the revival plan may start within two to three months.

Background about the project. The Boss Service Suites is located along Jalan Batu Tiga Lama, Klang. It has a total of 377 units of hotel suites and 62 units of retail units providing a guaranteed rental returns of 7 to 8 percent. It was launched in 2010 and abandoned in mid-2015. According to the purchaser, it recorded a take-up rate of 80 percent before being abandoned. The construction stopped at 26th floor and by the time is was abandoned, the retail units were about 90 percent completed.

I think in this case, all parties would have to be willing to stay focused to complete it. Everyone has more to gain versus nothing from the 90 percent completed development currently. The white knight would still have to have profits. As usual, the buyers’ would also have to be convinced that the new deal would be better for them versus current. The final frontier would be the bank’s willingness to accept the proposed deal. Every party would have to give a little extra I believe. If one party is seen to be gaining the most from the deal, it’s going to be tough to proceed. All the best and hopefully everyone will see the light at the end of the tunnel soon.

written on 1 April 2017

Next suggested article:
China property: “biggest bubble in history” says China’s richest man

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Good news Melaka. More tourists spending in the future, coming in from the sea.

No idea how many times have I said this but I love Melaka. Earlier article why I think so:
8 reasons why buying a property in Melaka is not for you
   Last year, I was in Melaka 5 times. Beyond just the attractions oreven the UNESCO Heritagecity status, one thing which stands out is that even when we go to the Jonkers’ Walk, most of the stalls are manned by locals. This is something which many other cities no longer have.

This is the same even for the food stalls in food courts for example. Hopefully this will continue to be true for a long time to come. The last thing we want is for all the stalls selling delicious Malaysian food being operated by foreigners. Regardless of the taste, well, it’s no longer authentic yeah. For those with property investments in Melaka, good news for you. Melaka will have another catalyst for tourist arrivals. This time it’s via the sea.

Article in focusmalaysia.my here.
   Yong Tai Bhd said that it had secured a contract to develop an international cruise terminal in Impression City Melaka. It said, “The proposed development to be built on Kawasan Bandar VI, Daerah Melaka, is part of Yong Tai’s flagship mixed development project with estimated gross development value of RM8 bil.”

Yong Tai Bhd CEO Datuk Wira Boo Kuang Loon said “The completion of the cruise terminal is slated to be a major game changer for Impression City, further strengthening the mega-project’s gross development value over the long run.” Boo said the cruise terminal is integrated to the Terra Square retail mall and this will help to increase footfall for the mall too.
Article in focusmalaysia.my here.

Before everyone suddenly rush to buy, it’s very important to have a little more details too. If the reason to buy is for own-stay, this new development does not affect the decision tremendously. If the investment is somewhere nearby and the reason is to rent it out to tourists, then do note that these tourists may not need a place to stay yeah. They have already paid for their rooms inside the cruise liner yeah.

We should also know which are the potential cruise liners which will be stopping by? What may be the frequency per week? How big is the ship and how many potential tourists are we expecting. From these, we can at least calculate the additional number of new tourists coming into Melaka and we will know the potential of accommodation needs moving forward. Of course visiting Melaka is a must even if it’s just for the food yeah. Happy anticipating.

Please LIKE
kopiandproperty.com FB page
 or
Sign Up for free
 to get daily updates about the property market. Else,
follow me on Twitter here.

Next suggested article:
Melaka for investment? I thought it’s just a tourist destination

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Good news yeah. LRT Penang is now under MRT Corp

Who is MRT Corp?

“Mass Rapid Transit Corporation Sdn Bhd is a Malaysian state-owned company and a corporate body established under the Ministry of Finance Act 1957. MRT Corp is fully owned by the Minister of Finance.”

They are the company responsible for MRT lines in Malaysia. Kajang Line, Putrajaya Line and right now the MRT Line 3 also known as the MRT3 Circle Line. It is also responsible for the RTS Link between JB and Singapore too. Now, it will also be responsible for LRT Penang. Before this, LRT Penang was under the Penang Transport Master Plan (PTMP) and the project delivery partner for it was SRS Consortium Sdn Bhd.

Source:
https://www.mymrt.com.my/

Let’s now understand a bit more about this latest development.

Article in themalaysianreserve.com
   Penang Chief Minister Chow Kon Yeow said this about the role of SRS Consortium Sdn Bhd after it was announced that the Penang LRT project would now be owned by the federal government via MRT Corp. He was replying to Bernama.

“The state government has appointed SRS Consortium as the PDP (and it) did the (necessary) work (to enable) the project to be implemented. We are still waiting for the federal government and MRT Corp’s decision regarding the role of the company.

“If it is decided that SRS Consortium has a role (to play), they can continue to do the work even if ownership of the LRT changes from the state government to MRT Corp.”

Chow said that LRT Penang would be fully funded by MRT Corp.

Transport Minister Anthony Loke said in May that phase 1 of the project, initially planned from Penang International Airport to Komtar, would now be extended to Tanjung Bungah, covering 29km with 27 stations. Do read the news in full here:
Article in themalaysianreserve.com

LRT Penang is now officially under MRT Corp

By the way, if this is under MRT Corp, it also meant that it’s a full go-ahead. It also means that the funding would now be from the federal government. Of course I do wonder what will happen to the original plan of funding for the project but it’s all secondary now. Perhaps the clarification of how SRS Consortium can be a partner to this would now be critical. It’s important to have clarity in order for the project to be moving at full steam ahead. Building the LRT line is now like building a condo project yeah.

The future’s bright for people who may prefer to take the LRT versus driving. I hope that the state government would not just rely on the usual ‘let it be’ way. Perhaps it should also ‘encourage’ all the drivers to switch too by having double or triple parking rates for areas where the LRT would stop. It’s about time as Penang’s roads are already very congested these days.

I have asked this question many years ago

“Would you take the LRT if you just need to walk like 400 metres? Roughly equivalent to about 5 minutes.” I asked 10 good friends. 8 said NO. Haha.  I did not tell them about the parking rates proposal though. Truth is, walking is definitely necessary as it’s impossible that every project would be right next to the LRT station. There are still MANY areas in Singapore where walking 400 metres to go to the nearest MRT station is common yeah. Happy knowing about it and I wish the state government all the best in making LRT successful.

Property News Malaysia?
Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER).
 Alternatively, Follow me on
 Telegram here
.

Please LIKE
kopiandproperty.com FB page
 to get daily updates about the property market beyond kopiandproperty.com articles. Else,
follow me on Twitter here.

Next suggested article:
When rates rise, property transactions drop, right?

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Good notes for stock investing from an investment guru

I think this is very worth noting down and sharing with everyone who is thinking about the stock market today. I read this in The Star and they were putting up an article about Tan Chong Koay who is Pheim Asset Management Sdn Bhd’s founder and chief strategist. According to the latest Lipper Global classification for International Offshore Universe, Pheim Asean Fund has taken the top position for all the 1-20 year periods among all Equity Asean. It has accumulated a cumulative return of 497.37% in US dollar term. While I do not agree with everything he shared, I think it’s worth looking and deciding. Oh yeah, compared to him, I am just a beginner. 🙂  Let’s read some of his sharing about the secret to successful investing.

The key to investing is to sell the shares when they are grossly overvalued. Most people do not know how to sell shares even when the price is abnormally high.

2. He prefers medium sized stocks for their less bureaucratic profiles an faster earnings. In fact he said that holding a stock for more than five years is too long.

3. Never be invested at all times and one must understand the volatility of the market. One should only be fully invested near the lowest point of the market even though few will ever know when the exact lowest point is.

4. Be prepared to accept under-performance during the portfolio accumulation phase.

5. Market timing is important to know when to buy. Price Earning’s Ratio (PER) and dividend yields determine the timing to buy. In fact, once PER gets high, dividend yield drops. If current market trades between 10 and 30 times, he will trim his position when the market trades closer to 30 times.

6. Never fight major trends. For example, the 2008/2009 trend where Citibank which used to be US$50 crashed to just US$1. Even when investors bought at US$25 and average all the way down, they would still lose lots of money.

7. Crisis bring opportunity but one can only capitalise with research and knowledge. IF there are no market crashes, how can investors buy at discounted prices?

8. Malaysia, Indonesia and Thailand are starting to look cheap. He said, “I think if you have a three-year view, now is a good time to buy. Don’t buy now with a 3-month outlook. If you buy now, I think there is good opportunity to make money in the next 9 months to one year.”

9. The stock we buy must not only be undervalued but must be undervalued with rising profit. Stocks with market leadership is best because when it is leading, it can run for a few more years.

10. Palm oil stocks are starting to look attractive. It is still the world’s biggest vegetable oil.

11. On a longer term, property stocks are starting to look good.

12. He does not think highly on banks as he feels that after so many years of growth, it will start to face some slowdown.

13. Oil prices will NOT recover anytime soon. There is now a possibly long periods of excess in supply. Typically it lasts 2-3 years.

14. He likes China because the leadership is willing to slowdown its economy. With this correction, there are opportunities to buy. He singled out some pharmaceuticals and banking stocks.

15. He said that for US, Dow Jones is not cheap presently but US is also the only country with solid check and balances.

For the point 15, please take this with a pinch of salt. Do note that it is also in US that the 2008/2009 mortgage crisis happen and that is definitely because there were no checks by relevant authorities along the way before the crisis. Coupled that with the Enron crisis as well as the bailouts of many other huge American companies simply because they should not fall into foreign hands, I do not know if I would like to say that US is the only country with solid checks and balances.

Happy learning from Mr. Tan of Pheim. If you have interest to now about some of Pheim’s funds, it’s here:
http://www.pheim.com.my

written on 12 Sept 2015

next suggested article:
Why stock prices can fall 25 percent suddenly?

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Very good question. Buy landed or buy high-rise? (Focus on price)

I was invited to join my good friend
Miichael Yeoh

the other day for this talk: “
Budget 2019 and the Impact on Properties. Strategies Moving Forward.”
In the nearly 2 hour sharing and taking questions from the attendees, one particular question popped up again, as usual. “For property investment, isn’t it better to buy landed because land is scarce while high-rise can just be built ever higher.” First of all, this statement is very true. In many mature neighbourhoods, whenever unused land is available, it’s usually a very small pocket here and there. Secondly,
even for redevelopments,
 it’s usually just that particular development which will be torn down and redeveloped. Thus, we will not have huge tracts of land like those of newer townships by many branded developer these days. Last but not least, let’s now look at the price as well as affordability of fellow Malaysians.

#1 – Property price.

When we look at the property price and we factor in the inflation numbers, it’s plain to see that property prices will keep rising due to the construction costs including land, manpower, materials and even possibly the compliance costs. With this in mind, whether it’s landed or high-rise, both will have to have higher prices unless… refer to #2 below.

#2 – Affordability factor.
At any point in time, there’s a limit to the price affordability.
This will be the driver for property prices.

For example,
Khazanah Research Institute
 said that based on the median household income, for homes to be affordable, it must be priced slightly above RM200,000. If they are to repeat this every year, this number will show an increase over time. In other words, whether it’s landed (which is more expensive) or high-rise (which will be very common), both are worthy investments if we buy and wait versus waiting to buy.

#3 – High-rise is common because
 … With a growing population due to urbanisation and with KL as a capital city and Greater Kuala Lumpur as a good place for work, rest and play, demand for properties will grow. However, majority of these younger working professionals with a tertiary qualification and a few years of working experience will still be within the M40 households.
(What is M40?)
 In other words, most would be aiming at a high-rise unit instead.

#4 – Preference are changing too.
 Even for landed, for those who could afford one, the younger generation are looking at clubhouses, facilities and security. Just having a landed within an old neighbourhood is not exactly the best choice for many these day. That’s why even if they bought into the neighbourhood, they may rebuild the home they bought. This is why most newer and modern landed developments have these features and the prices as well as the monthly maintenance fees are definitely higher than many years ago.

To answer the question of whether buying landed is better than buying a high-rise, the answer may be to just buy if we could afford and enjoy what we buy because when the tide comes in, it does not usually bring just the big boats. When the price of landed doubles every “X” number of years, the prices of high-rise will be rising too, even if many will argue not as high as that of landed. The only wrong choice is to keep all the money under the bed because we are still evaluating whether we should buy landed or a high-rise. Or even buying the WRONG property, regardless of landed or high-rise. Happy understanding.

Please LIKE
kopiandproperty.com FB page
 or
Sign Up for free
 to get daily updates about the property market. Else,
follow me on Twitter here.

written on 26 Nov 2018

Next suggested article:
First time stress. Buy now? Buy leasehold?

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Book Review: “Good Tenant Great Tenant Series”

They say knowledge equals to power. I say knowledge means our investment risks become a calculated one. When we buy without knowing anything, hopefully we are lucky all the time. It’s the same as buying to rent out. Tenant management needs time to build up. Alternatively, learn from those who has done it. Here’s three which I think is a good companion, especially during free time. Your Facebook time will not yield you more money lah. Learning about how to rent to better tenants would help more in making our money work harder. It is not often that we read a book which is easy to read, easy to understand and easy to practise. I think these three books by my good friend Alan Poon should be read by people who wants to manage tenants and tenants who also want to be good tenants. Seriously, a harmonious environment helps tremendously. Invest in these three books and start your tenant management journey. The three books as follows:

The first book – WHERE ARE YOU

Practical Guide To Getting The Right Tenant for your Property

This book introduces the world to Alan Poon’s Tenant Management Mantra which forms the backbone for the practical Tenancy Quadrant as the key guiding principles in effective tenant acquisition process.

• Discover The Landlord-Tenant innermost wants and needs

• Find the middle path to bridge tenancy success

• Know the D-I-Y checklist when profiling prospective tenants

• Mitigate your risk and fulfil your destiny as a landlord

The second book – PLEASE STAY ON

Practical Guide To Maintaining Good Tenant for your Property

Written in an unconventional yet simple manner, this book reveals practical applications and methodologies, experts never wanted to reveal till now. Topics on tenant management in overseas properties are included for global-savvy investors.

• Break down wall of barrier between landlords and tenants

• Build the much-needed instant rapport and understanding

• Generate and sustain healthy tenancy relationship

• Unrivalled strategies for a win-win formula

The third book – Untold Tenancy Stories

Real Life Lessons For Tenants and Landlords

This book unveils the never before published stories of real life landlords and tenants, lessons learnt from both sides of the divide and practical tenancy strategy used to survive and thrive, that will provide ample peaceful nights of lullaby. Stories from international properties are also featured.

• Opens the Pandora’s box of both sides of tenancy

• Get instant access to the insight of low profile property investors

• Generate a pool of tenancy ideas and solutions

• Conquer the competition using unrivalled strategies

These three books are available in major bookstores. Alternatively, visit or write in to buy one set.
www.swmastery.com
 or email
admin@superiorwealthmastery.com

About Alan Poon.

Alan Poon is the founder of Superior Wealth Mastery; a boutique wealth education provider. Alan first started investing in real estate back in 2001 and it was not all a bed of roses as one bad investment set him back for 7 years. Alan’s humble beginning is a rare story of true grit and persistence as he bounced back from the near impossible since 2008 and never looked back. He now passionately shares his lessons gleaned over the years as a practical property investor.

Alan is notably a sought-after speaker by real estate developers, major property showcases and expo events. He has appeared on the Bernama Today talk show, TV3, Capital TV by HyppTV, ONFM as well as TraxxFM and is regularly featured in major dailies such as The Star, News Straits Times, The Edge Weekly, Malay Mail, Utusan Melayu, Berita Harian, Harian Metro and many more. Alan regularly contributes columns and commentaries to real estate magazines including iProperty.com Malaysia, Property Insight, Asean Property Review and REM magazines as well as online portals such as Property Guru.com.my.

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Good time to look for property, agree. What’s the right one yeah.

When is the best time to buy a property? My answer is ‘anytime when one is ready with the money, time for research and the willingness to take a long-term view about property investment. How about if someone tells you that the best time to buy a property is NOW? Here’s a view from Reapfield Properties Sdn Bhd group COO Jonathan Lee. His views are in the
Article in TheSundaily.my here: Now’s the time to look for properties
  Lee said that property market is picking up from a low base since last year and now there’s the feel-good factor in the air as the government will be introducing new policies soon. He said to SunBiz in an interview, “Everybody’s looking for bargains. This is the best time to look. We’ve had the lowest transaction volume since 2012 last year. When you come to that point, what’s going to happen is probably up. Based on new policies, systems and restructuring (by the new government), we’ll have a good reset of the entire systemic approach. This is the right time to be investing.”

Not everything is rosy though. He added, “There will be some adjustment period and in the midst of uncertainties, there are lots of opportunities to explore now.”  His next view is extremely true. “Property is an inelastic product. You cannot build or cut down a lot of things in a short time. Because of the inelasticity, you will see some effect in certain places but it will not be a major impact to the ecosystem. It will change the way developers plan but we don’t see that as a major impact in the short run.” (Remember, when the prices get too high, it’s not just the buyers who will shy away. Developers would also stop building because the prices are just too high and they know that launches will fail. This is why newer launches are always at the ‘affordable’ category even if this category is a different one for different buyers due to their respective household incomes.)

Lee then pointed out that one of the challenges in the market is “noises.” He said, “A decade ago, Cheras was A price, KLCC was B price and Mont Kiara was C price. There was a fixation of value in certain locations but, today, that has ran a lot, so a property in Cheras, Mont Kiara or Bangsar South could be selling at RM800 psf also. Where is the true value?” (Actually, if we look at the median value, there are definitely still some inkling on the value. It’s like if I ask, ‘If you have RM800,000 where would you buy, is it A, B or C? Assumption of same kind of property, same size and same furnishings. The answer would usually reveal the most popular area because that’s where people perceive as having the highest value for the same price.)  He also asked for realtime transaction data so that we can see better trends, supply and demand. he shared that in markets like Singapore and Hong Kong, there is real-time transaction data that can be retrieved from the local agencies.
Full article in TheSundaily.my here.
  Happy investing. Perhaps Lee is right.

Please Follow / Like
kopiandproperty.com FB page
 or
Sign Up for free
 to get daily updates about the property market.

written on 13 Sept 2018

Next suggested article:
6 reasons to avoid property investment

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Good value for me. Buying fish online.

This is my first time buying fish online and have it delivered to me. More about that shortly. When it comes to fishes, I have driven to Kuala Selangor a couple of times and bought a few hundred ringgit worth of fish and brought it back using an ice-box. Plus eating seafood in one of those restaurants as well as visiting the famous temples etc. Relaxing trip anyway. So,  Movement Control Order (MCO) came and well, we need to continue eating fish, right?

After some searches, I found this package from My Fishman called Malaysia Fisherman Box 2020. It says that it is helping the fishermen to continue selling their seafood because that’s how they earn a living yeah. There were a few package but if you understand fish prices in some supermarkets, you will realise that hey, RM300 is equivalent to just 6-7kg of fish. Example, a decent sized garoupa would be RM40 / kg while a decent sized Senangin (my favourite) would be RM42 / kg. Of course if it’s a red snapper, then RM50plus per kg is common. Could be slightly less expensive if the fish size is smaller.

What did I buy?
Image below. This is their website.

What did I get for my RM300? One Red Snapper 1.15kg, Sting-ray 1.3kg, Big Sea prawn x 15, Barramundi x 800gm, Senangin x 2 x 750gm, Garoupa x 2 x 700gm, Kembung x 14 pieces. All cleaned, nicely packed and the whole package comes in a properly sealed carton box. Images as below for reference yeah. Unfortunately, this RM300 box is sold out as at currently when I referred to it.

Yes, I am satisfied and happy. As per the website, the fish comes from fishermen in
Kuala Selangor too.  Here’s that website again.
 Happy evaluating and buying if you also think it’s good value for money. In case you like to know the typical life of a fishermen? Here’s their video in the website.

Update as at 6th April 2020.  I found another seafood online site.
www.seafreshdaily.com
 I have not tried it yet.

If anyone has experienced this, please help to comment okay.  Thank you for your kind help to all other Malaysian households who may just need fresh fish instead of just chicken, chicken and chicken… Cheers.

Please LIKE
kopiandproperty.com FB page
 or
Sign Up for free
 to get daily updates about the property market. Else,
follow me on Twitter here.

Next suggested article:
Decathlon. Great Selection. Variety of Sports. Attractive prices and kids love it too.

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Is it good value? Good question, how to answer?

I have a small property lunch group. One is focussed only on landed. One prefers KLCC or its vicinity. One prefers higher end condo and traditional hotspots. I am the odd one out, my decisions always need some explanation. Haha. Well, recently I told them that I may be buying a new condo in Sandakan; Sri Utama. It’s RM320,000 for a 1,131 sq ft full facility condo in a mature and yet still growing area. The developer is IJM. One of them asked, ‘Is it good value?’ I was stumped. Should I say its good value? Or should I say I was simply buying for fun? Haha. Anyway, following would be my reasons if I am buying it. First is of course because that’s my half-hometown; my wife’s. Other reasons?

Price per sq ft is definitely on the lower end when compared to majority of everything that I am seeing today. It’s only RM280 per sq ft. For condo, I am not sure if any developer would want to build such a unit in future for such a price. However, price per sq ft means little if that particular condo is already the last development in the area.

A mall is planned in the future by IJM. It’s just outside the condo that I am buying. Currently, Sandakan does not have a proper mall and even the Harbour Mall in the town centre is nowhere near the usual mall standards of Klang Valley. Okay, I have no idea if the mall may take another 10 years to build, so perhaps I would have to wait.

Rental potential can be a little volatile. One may wait for a few months, or rent a partially furnished unit for RM1,000 or even a fully furnished unit for RM1,700. This is Sandakan after all. It’s okay, if I am buying, I will maintain the  principle of renting out fully furnished. The fortunate thing is that while demand is not very high, the supply of a similar type of property is not many too.

Many more developments would be coming in the near future including high-rises, landed homes and the current development is already a matured one which meant Giant hypermarket is nearby, lots of cafes and restaurants nearby and even a medical centre is opening in the near future. Banks and even a Mc.Donalds restaurant is available within the same development too.

So, is it good value? Well, come to think of it, if the rental can be high and is guaranteed, I may not be able to buy that condo. Surely many would buy to rent out. If the market is not slowing like today, more people would have been more bullish and would most probably try to sell higher. If the new mall is already in progress, surely I would need to pay a premium for it? There’s just too many ‘what ifs’ So, let me just conclude that I think the price versus the possibilities remain attractive to me. Happy deciding.

written on 23 Oct 2015

next suggested article:
Yes, I agree with David Beckham’s retirement views

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Just got cheated? Well, no end in sight.

There are many good people out there. They hope that fewer Malaysians get cheated. Do read this article by Mark Reijman which is so clear about the reasons why people are still being cheated!
Why the rich and the poor still fall for scams.
 Well, a scam becomes a scam only when people realised that they have been scammed and that would usually mean the end of the road for that particular scam. In other words, too late. Let me share just two things he shared which I feel are the two most important thing. TRUST. We trust our friends, that’s why when they told us that they are earning good money and that we should join them, we would. Little criminal. Yes, if we ALSO tell our friends and get them to join the ‘sure-win’ scheme, then we are part of the whole cheating process too. The money that they invest would be the money that is used to pay the earlier investors and for some of these later investors, that amount is the only amount they have in their banks.

Another article by a good friend, Aaron of Mr-stingy.com
“This is how we will grow rich together.”
  He is a very good writer and I think all the facts listed within the article should be things all of us should look for. That’s how all the ‘get-rich-quick’ programmes net new ‘investors’ everyday. He has even provided a fake site plus lots of fake celebrity names, fake businesses and lots of humour. I seriously encourage everyone to read the full article because it’s funny how people can still ask him how to join after reading the whole article! Anyway, the funniest thing he shared with me was that even after he had written the article which stated very clearly that this is a FAKE article, he still receive messages asking him how could they invest in it. At the end of his article, he said he will give back all the money owed to all investors. His last advice? “Please ask them not to lodge police reports.” Happy reading yeah.

My own article here:
Why do some people still get cheated?
 Recently, my friend who’s a successful property entrepreneur shared in Facebook that he was very angry with his friends who asked him to join them for quick returns. He asked his friend that what’s so wrong about earning money the legitimate way? His friend said, ‘It’s quick money man. Can invest early so that we can get back all our returns.’ What an answer because basically what his friend cared about was on how to go in as early as possible and try to persuade more people to put their money in. Do we know that many of these ‘investors’ are actually investing everything they have and they may well lose everything they have. Sad stories would continue. If we could, please start telling everyone that a fool and his money soon parted. I may lose all these chances to earn more. I am willing. Cheers.

written on 24 May 2017

Next suggested article:
Potential to be cheated by illegal brokers are higher, definitely

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...


Government debt by country. Who owes the most?

Some say we should aim at having just good debts. For example, buy a property and rent it out and the rental can cover the monthly mortgage. Our wealth will continue to be positive and growing month after month and year after year. We should not have bad debts. For example, buy a car which depreciates by 20% as soon as we drive it out of the sales gallery for the very first time. This will continue until the day we sold the car which will amount to just a small amount of what we actually paid for the car for the past 7 years or 9 years depending on the loan period.

Is this true? Well, a property where the rental could not cover the monthly mortgage may still be positive. There’s the price increase also. Buying a new car versus driving an old car and keep on paying for maintenance may also be positive too. However, what about governments then? What happens when they have too much debts? Let’s take a look at the state of the world’s debt – Government Debt By Country.

Image source: visualcapitalist.com

Who has the most debts?

Japan has the highest debt to GDP ratio. It’s at nearly 260% versus GDP. One reason is because the government is the one trying to push for GDP growth in the country. The private sector may not have invested enough. Meanwhile the people may also not be spending their money and if this is the case, then there would be no GDP growth. Thus, the government has to do something about it. Thus, they borrowed money and they spend the money to boost the economy. I think we can trust that the Japanese government really did spend all the money on their economy. Standard & Poor’s credit rating for Japan stands at
A+
 with stable outlook. (info as at 24th February 2022 via google)

Why is Singapore’s debt higher than Malaysia?

One of the key reasons that Singapore decided to raise debt was
to encourage the creation of a debt market in the country
. This market enabled Singapore to develop as an international finance hub and enhance the country’s attraction to international banks. Source of this explanation:
commodity.com
.   Standard & Poor’s credit rating for Singapore stands at
AAA
 with stable outlook. (info as at 24th February 2022 via google)

Malaysia’s total debt is just 71% but government debt is high and this continues to be a drag because Malaysia also does not have a progressive tax anymore. GST has been abandoned. In order to reduce the total debt vs GDP downwards, the GDP growth just have to be way faster than the debt growth… Standard & Poor’s credit rating for Malaysia stands at
A- with negative outlook
. (info as at 24th February 2022 via google)

Happy learning.

Property News Malaysia?
Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER).
 Alternatively, Follow me on
 Telegram here
.

Please LIKE
kopiandproperty.com FB page
 to get daily updates about the property market beyond kopiandproperty.com articles. Else,
follow me on Twitter here.

Next suggested article:
Bankruptcy in Malaysia. How much unpaid debt before one is declared a bankrupt?

header Image by
Click on 👍🏼👍🏼, consider ☕ Thank you! 🤗
 from
Pixabay

Share this:
Tweet
Telegram
WhatsApp
Like this:
Like

Loading...