I could not, I am just too poor to buy!

My colleague actually said this during lunch today. ‘I am looking at many condos but I could not afford them. I am just too poor to buy!’ The colleague is in finance and is definitely earning more than enough for a decent home, even if not luxury condos or gated and guarded properties. He said he was looking but has not yet decided where to buy. He has another 9 more months to decide as he would be getting married in September 2017.  Actually, he has less than that because he cannot be buying a place today and moving in tomorrow. I shared with him that he can try looking at the
WHY instead of WHERE t
o manage the affordability. He said he does not want to buy too far away because it would mean long travelling times and that’s bad. He also said that he is not rushing because in a worst case scenario, he would just continue to rent but instead of a room, he may get a home instead. He’s from Johor and working in KL today.

I told many friends before that should I be changing job again and I have to move to another city, I would still choose to buy in the new city instead of renting. They asked me about the possibility of me staying at the job for only a while, then what would happen to the home that I bought? My answer was very simple, I would rent it out or sell it if the price is right. Of course for the first 6 months, I would most probably be renting a place instead first while I
compare, view and deciding to buy.
If I could not afford a place at the new city, I would sell my home in the previous city. However, my view remains the same. If others love to rent, I would love to rent to them. I am no longer a rental person. In fact, when I moved to KL from Penang, I worked my last day on a Friday and drove to KL on a Sunday morning to start work on a Monday morning. Yes, seamless because I had a small condo bought earlier which I have rented out. I have more flexibility!

Generally,
 properties do not appreciate suddenly.
 It crawls up slowly during normal times. However, the rise is based on overall property price. Thus if it’s 3 percent per year, it’s 3 percent on the property price. RM400,000 x 3 percent up is still RM12,000 per year or RM1,000 up every month. The only reason why we remain poor was because we did not want to have
slightly less comfort today for a more comfortable tomorrow.
Seriously, when we did not use part of our salary for a property, where would the money be going anyway? Hopefully the answer is a positive one instead of a materialistic one. Happy working, saving and buying.

written on 23 Dec 2016

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How could property prices be rising forever? My three wishes.

Someone read
ONE (1) article
 and Whatsapped me this question. “How could property prices be rising forever?”  I am not sure where did I ever imply that property prices will be rising forever in the article but then again, let me tell everyone what’s my actual wish for property prices.  I have just 3 wishes, not too greedy and the last wish is not to have 3 more wishes. 🙂

Wish 1:  Property prices to rise only by half of the income increments. In other words, if the income rises by 5% per year, then property prices should ONLY rise by 2.5% per year. Example, for people earning RM2,000 per month and could afford a RM200,000 property, every year they may get a 5% increment which is RM2,000 x 5% up = RM100 extra per month. The property price meanwhile will increase by 2.5% which is RM200,000 x 2.5% = RM5,000 per year. Divided into a 30-year mortgage, this RM5,000 extra is equivalent to extra RM18 per month. Mortgage calculation as per image.
Courtesy of iProperty.com.my

Wish 2: Property MUST be made affordable to all, especially the B40. A developer friend told me that his affordable apartment project of 500 units had to be sold over 2,000 times. The reason? Loan approval issue. Frankly, any Malaysian needing help to own a home should have access to affordable homes. Many times, a property is the
cause for future poverty
 and it’s also the cure for poverty. Remember, a RM200k home today, at 3% up every year (average) will be half a million (RM491k) at the end of 30 years. Interest is also inside the RM491k but frankly speaking how many B40 households could have a fully paid RM491k asset by the time they retire?
EPF alone is not enough.

Wish 3: Have just ONE agency which is in charge of affordable homes for the people. Affordable homes which are built but NOT stayed in by qualified people is worst than unbuilt homes.The latter did not use funds meant of the affordable homes. This agency should also ENFORCE the maintenance of the units. There’s no need to look too far, just use Singapore’s HDB as a good benchmark. This same agency should also provide guidance to first-time home buyers so that they understand buying a home is a NECESSITY and not a gamble; get rich quick scheme. Every Malaysian needing a home should get a home.

Oh yeah, will property prices be rising forever? Let’s understand that even HDB’s flats are rising to new highs all the time yeah. Just look at what was the price in the beginning to understand that property prices will continue rising. This is why the government should intervene proactively. NOT building it but really understanding what’s really happening and planning for more homes to be built based on needs. Subsidy in this case will most probably be necessary but always take swift actions against those who took the assistance but neglected to pay back for example. Please do not go the route of the PTPTN which is currently extremely messy. Regardless of who we owe, debts must be paid. By the way, the PTPTN funds come from the rakyat’s tax money. Yes, that includes me! Happy understanding.

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written on 14 Nov 2018

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Could we afford an expensive burger? RM460 one?

Have you been to a restaurant and found out that the burgers are crazily expensive? Could we afford an expensive burger? Perhaps the next question would be how expensive is expensive. Which brings us to the viral news about a man who ate a burger and had to pay RM460 for it?

Photo by Valeria Boltneva on
Pexels.com

Three sources here.
This is from says.com
 Next one?
This is by vulcanpost.com
 . Third one?
This is from hype.my
 . Basic idea is a simple one. When something is viral, quickly write an article about it to get as much traffic as possible. I mean all websites do that. So, I think I will only post this article on Saturday, after the viral freshness is gone but not yet forgotten.

Anyway, the purpose of the article is not to give you even more explanations about the incident. It has been covered by many different media. All are good writers who could write very fast. The purpose of this article is to ask these 5 questions with regards to a RM460 burger. Answer very honestly and then start doing something about it or we could also accept things as they are as well… Our choice to make.

#1 – Could we afford a RM460 burger if we somehow landed into such a situation and has to pay for it on the spot?
    –   Be grateful if you answer Yes because it meant that we either have so much cash in our wallet or the bank trust us enough to give us a credit card and we have NOT maxed out the credit card. Either way, gives us some confidence since RM460 is not considered an emergency for us. For many people, RM50 may be what he has left for the next 10 days before salary day. Yeah, that was me once upon a time in 1998…

#2 – If we could pay for the RM460 burger via a credit card or cash, would it mean that the next 2 weeks, the lunch will consist of bread with margarine and kaya instead of typical RM10-15 for a lunch with drinks at the nearby restaurant?
  –  If we answered Yes, this tells us that we are a disciplined person. It was unforeseen circumstances which forced us to pay RM460 (by the way it could have been two new tyres, does not need to be for a burger) and because RM460 has been paid, we told ourself NOT to overspend and to balance back the spending by reducing it for the next 14 days. Good job!

#3 – If we could afford to pay for the RM460, could we continue our usual spending until the next salary day?
  WOW, this is a good news.  You have arrived at a level where RM460 could have been that extra savings every month. Thus, losing or spending an extra RM460 does not change your lifestyle at all because that’s extra money. Of course, it should just be unforeseen circumstances. If this happens every month, something is wrong yeah…

#4 – If we could not afford to pay whether by cash or credit card, what does that tell us?
    Okay, we need to sit down and understand what is happening.  If we are currently working, why is our earning so low. If we know the reason, could we do something about it? Or we just let it be… If it is because that’s the only job we could do because of certain limitations, then what is stopping us to find a second job to increase that potential income? Something to ponder and act upon.

#5 – If we could NOT afford, then could we avoid such situations?
  This is the difference between buying within our means or simply signing up for ever more instalments. Truth is, many of us are already aware that we earn RM3,000 and thus it’s impossible that we could afford a RM4,000 smartphone. Yet, we bought it because instalment is just RM350 per month… Then, we saw another item we wanted… and then….   Understand our own financial standing and make a strong stand not to simply spend.

The question is not this, “Could we afford an expensive burger?.”  This RM460 burger could teach us a lot about our current financial standing. It gives us guidance on how we should spend our money if we realised we overspent.  It reminds us that it’s really possible to earn more income. It warns us that many times, if we simply spend money, we would soon be in a debt-trap which is hard to get out from. May be best to avoid them right from the beginning. Happy reading more of the RM460 burger news but if you ask me, buying a burger special from the road site stall may give you more enjoyment and less financial worry.

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Financial news: Countries with decreased housing prices. Does this mean it’s easier for the people to buy a property?

If I could see that property price seems to be on a downtrend, do I buy now or later?

It’s quite funny, really. When we think prices are moving up, we buy. It does not matter who made us think so. We may also not have any idea if we are already buying at the peak but it will only matter later. The worry is not being able to get anything if we do not buy now.  I have friends who bought into the craze of a certain area many years ago and until today, that same little unit is still not fetching the rental which she thought she would. Perhaps just need to wait a little longer.

This same situation may also happen when we think prices are moving downwards. When we think prices may be moving downwards, we hold. We want the best price which is the bottom price. We learn very little from experience that predicting when is the bottom is hard. Better to buy as long as there’s already good value. I have a friend whom I advised to quickly buy because I think the price of that particular property is already very attractive.

He said, better view a few more units. Later on he told me that he failed to buy any unit. Turned out that the few units he saw were all posted by different real estate negotiators but were all the same unit. This was not the end, a few years later, when I wanted to sell my unit, I told him that I would most probably be selling my unit. He asked for the price and after I told him, he said that he wants to compare first. I sold for a slightly higher price than what I told him and when I told him that I have sold, he asked me why I did not sell to him… hahaha.

Now let’s look at some countries with decreased housing prices. Info source:
 visualcapitalist.com (please click to go view the whole article yeah. Else, refer below for some of them plus explanations too)

Look closer at the numbers and what it tells us it how owning a property may just helped the owner to hedge against inflation too. Indonesia for example did not have real price growth increase at all for 12 years. However, people were still complaining of high house price because it was increasing at the same rate as the inflation. In other words, an owner who bought a property did not lose any value even though there was inflation.

Some countries such as Russia or Italy have experienced a real price growth which was decreasing and at the same time, inflation still happened. For these countries, when the owner tries to sell their property, they could only sell it lower and at the same time, they were also affected by price increase of other things too. Not a great experience if we look at the chart above.

One last thing about decreasing property prices

Decreasing property prices do not mean lower rental rates yeah. The number of units within that area loved by many is still the same number of units and the people who love that area would still be more than the number of units. Meanwhile because the prices are not attractive, property developers will choose not to build or build very selectively. Just need to imagine if this situation lasts for a few years. What would happen to the supply of units versus the potential demand?

Unless of course we are talking about an economy which is also shrinking…  That’s NOT TRUE at all about Indonesia yeah. This is one giant which will be a top 10 largest economy in the world. Any business which is thinking of international markets and skipping Indonesia or ASEAN may need to change their consultants yeah.

Here’s an earlier article about increasing home prices versus the inflation rate.
Property prices after taking out inflation

Happy deciding.

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Press Release:
COUNTRY GARDEN DANGA BAY MEDIA STATEMENT

???·???????

With regards to the decision delivered by the Court of Appeal on 11 December 2019 in respect of a dispute between a home buyer and  Country Garden Danga Bay Sdn Bhd (“CGDB”), we wish to state that while CGDB respects the decision of the Court of Appeal, we do not agree with the said decision. We have instructed our lawyers to proceed with the necessary leave application to appeal to the Federal Court. Thus far, we believe we have reasonable basis to appeal.

??2019?12?11????????????????????????“???”?????????????????????????????????????????????????????????????????????????????????????????????

CGDB has always been a law-abiding corporate citizen, having the utmost respect of the laws in force in Malaysia. CGDB values all our purchasers and we want to work together towards a harmonized community.

???????????????????????????????????????????????????????????

Country Garden Danga Bay to Appeal Against The Decision of the Court of Appeal

Johor Bahru, 14 December 2019
: Solicitor representing Country Garden Danga Bay Sdn Bhd (CGDB), Leonard Yeoh clarifying the recent verdict of the dismissal by the Court of Appeal of the appeal filed by CGDB over an earlier judicial review against the Homebuyers’ Tribunal’s decision that favoured a Singaporean house buyer, with regards to a claim of delivering a different unit.

Clarifications are based on questions and answers (questions posed by press to CGDB’s solicitor Leonard Yeoh) below:

1.
The Court of Appeal has dismissed the appeal, is CGDB going to file for an appeal in the Federal Court?

Yes, we have been instructed to file for leave by our client to appeal to the Federal Court.

2.
How many questions of law are you going to put before the Federal Court?

Novel and jurisdictional issues since there is a miscarriage of justice affecting the public. We will work with our client to finalise the questions.

3.
How many days does CGDB have to apply for leave to appeal to the Federal Court?

One month.

4. Is it true that changes were made on 25 out of 26 pages in the sale and purchase agreement?

There was no mention in any of the awards or judgments. It was merely an allegation by the house buyer.

The above are clarifications on CGDB’s position towards this case.

— end of media statement —

Header Image Photo by
Lex Photography
from
Pexels

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Mergers usually will mean duplication of roles. It’s more important to…

Throughout the world, most of the time when a merger happens between two companies, there are bound to be duplication of roles. There cannot be two head of departments for the same department. One would have to be the deputy head moving forward or one of the two may choose to leave instead. Every company would have all the typical departments like Sales, Marketing, HR, Finance and even the senior management team. Frankly, a merger does not mean all these people from two different companies could hug one another and accept the other as the new superior for example. There’s this viral news yesterday about a retrenchment of ‘close to 400 staffs. More to come.’

Article in theedgemarkets.com
   Country Garden Malaysia, the subsidiary of the Hong Kong-listed Country Garden Holdings Co Ltd, has laid off hundreds of staff since December 2019. The reason is believed to be due to the company’s recent restructuring exercise. Close to 400 personnel were given the option to accept a severance package and leave within 48 hours or leave their jobs and negotiate for compensation with the company’s lawyers later.

The Forest City development in Johor is Country Garden Malaysia’s ongoing flagship project in Malaysia. As at March 2019, Forest City had a 1,374-strong staff including 1,078 Malaysians and 296 expatriates. It is believed that the job cuts were because of the merger of four of its subsidiaries with various projects in Malaysia. This was Country Garden Malaysia’s statement to Edgeprop.my. “The objective of the down-sizing exercise was to cultivate the Malaysian market and have a unified interface within all sectors.” Please do read the full article in edgemarkets.com here.
Article in theedgemarkets.com

It’s very important to look at all the important signs. This was an orderly conducted exercise regardless of the speed it was conducted. For some businesses, it may not be good to have staffs who are serving notice still inside the company. There’s even a term for it called ‘Gardening Leave.’  As for the close to 400 staffs, it may be more important to understand if they were able to find another job or not.

I looked through
JobStreet.com.my
 and I can confirm that many developers are still hiring at this moment.  Thus, it is more of an application and an interview to gauge the suitability of the person. Plus, perhaps a change in working location too, maybe. Last but not least, it’s more important to see if this is a one incident thingy or if most developers will follow the same trend.  Happy understanding and not be too alarmed even if negative news are loved by many.

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Press Release by Country Garden Pacificview Sdn Bhd

Country Garden Pacificview Sdn Bhd (“CGPV” or “the Company”), the master developer of Forest City in Iskandar Malaysia, refers to the report from The Washington Post dated 10 Sept.

The official quoted in The Washington Post is not the official spokesperson from the Company, and does not represent CGPV. We are surprised that The Washington Post did not provide CGPV the first right to comment on sensitive matters that were raised in the article. CGPV is open to engage with The Washington Post to clarify our side of the story or to address any information obtained by your reporter(s).

CGPV is a joint venture between Country Garden Holdings, a property development company listed on the Hong Kong Stock Exchange, and local partners in Johor, Malaysia. CGPV is currently engaging with the committee set up by Malaysia’s Housing Ministry, and respects and abides by all rules and regulations in Malaysia.

The Company would also like to clarify that Forest City has seen a significant increase from Singaporean and Malaysian buyers due to marketing efforts through its sales galleries across Singapore and Malaysia. The project’s marketing efforts have started to also target other regions, namely Hong Kong, Macau, Taiwan, Singapore, Indonesia, Thailand, Laos, Myanmar, the Philippines, Dubai, and Japan. To date, our customer base is diverse and come from close to 30 countries and we expect this representation of home-buyers and investors to increase significantly in the near future.

The same article also mentioned that the newly opened Shattuck-St. Mary’s Forest City International School has the capacity to accommodate 1,000 students. This figure is a three to five-year target based on the commencement of the school in August 2018.

By Country Garden Pacificview

— end of press release —

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Press Release: Country Garden Raises RM495 Mil Sukuk,  Says Long-Term Outlook Positive

In March 2020, Country Garden Real Estate (CGRE) successfully issued 3 tranches of Islamic Sukuk totalling MYR495 million with the longest tenure being 7 years, despite the downcycle of global market and recent chaos in financial market due to the COVID-19 outbreak. These issuances fully reflect the confidence that Malaysian capital markets have in both Country Garden Group (“the Group”) and CGRE’s long term development in Malaysia. In addition, RAM Ratings had in September 2019 reaffirmed the AA3/Stable rating of CGRE’s Islamic Medium-Term Note (IMTN) Programme.
Malaysia is one of the biggest Islamic financing markets in the world today. The Malaysian government has been actively promoting development of Islamic financing and strives to become global center for Islamic financing. A sukuk is an Islamic financial certificate (similar to a bond), that complies with Islamic religious law commonly known as Syariah. Sukuks have become extremely popular since 2000, when the first sukuk was issued by Malaysia.
CGRE’s IMTN Programme was set up in 2015, which was first ever Ringgit Sukuk issued by a China-related corporate entity. It was bestowed the Triple A Islamic Finance Awards 2016 by The Asset and the League Awards 2016 by RAM.

Malaysia has been a strategic investment market for the Group, which currently has 5 projects launched — 2 projects in the Klang Valley and 3 projects in Johor.

Diamond City, located in Semenyih in the state of Selangor, is a development near Nottingham University, Malaysia. Diamond City is Malaysia’s first Spanish-style landed housing, and includes Bungalows, Linked Houses, Semi-Ds and Terrace Houses. At this juncture, six phases have been completed with the remaining three phases currently under planning and construction.

Another project, named Lake City, was recently launched in 2019. Lake City is jointly developed with a renown local developer. Sales has been encouraging despite the recent property market downcycle.

Located in the city of Johor Bahru, Country Garden Danga Bay was completed in 2017, with the Beletime shopping mall – the Group’s very first shopping mall operating overseas — opening to public in 2019. Central Park is another high-rise project in Johor targeting local buyers. Phase 1 was completed in 2019 and is currently in the process of VP.

Forest City, which is located adjacent to Singapore and situated in the Iskandar Special Zone of Johor, is currently the Group’s largest overseas project. Forest City is a long-term sustainable development project, to date, the basic infrastructure of the city has been developed in scales. The company is now focusing on the industrial development of the region and actively carrying out urban operations. Moving forward, Forest City will continue its focus on sustainability, create greater economic vitality for the region, enhance regional value, and introduce industries to create a stable and healthy development ecology for the city. This year, it will continue the investment to promote industrial development, and strengthen cooperation with education and scientific research institutions. The introduction of large scale high-tech and scientific research institutions will bring up the sustainable development potential of the city.

To date, Forest City has completed and is operating two hotels, a Commercial Street, a Water Theme Park, the American Shattuck St Mary International School, an Industrial Building System (IBS) factory and two 18-hole international golf courses. The IBS plant, recorded in Malaysian Book of Records as the largest automated IBS factory in Malaysia, enables technology and skill transfer from various countries, thus benefiting Malaysia.

Forest City has won many awards and recognitions and has been a good corporate citizen to promote the economic development of Malaysia. In 2019, Forest City was granted the CSR award by former Prime Minister of Malaysia Tun Dr. Mahathir Mohamad and has also been awarded the National Community Contribution to Strategic Friendship and Collaboration for its PPR projects and past CSR contributions to the community.

Country Garden Malaysia has strong cashflow with a healthy balance sheet. Sales remained resilient across all projects. This is in line with the Group’s recent announcement that its financial performance in 2019?which was quite encouraging. In 2019, the Group (including joint ventures and associates) achieved contracted sales attributable to shareholders of CNY552.2 billion, which represents a year-on-year increase of 10.03%. The Group’s total revenue rose by 28.2% YoY to CNY485.91 billion and core net profit attributable to company owners was CNY 40.12 billion increased by 17.6%; the Group’s available cash rose to a historic high of CNY 268.35 billion. Moving forward, the Group will continue to explore more investment opportunities in Malaysia.

— End of Press Release —

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Country Garden’s CEO’s earlier confidence and our PM’s latest remarks ‘not for foreigners’

Just days ago, this was what Hong Kong-listed property developer Country Garden Holdings founder and chairman Yeung Kwok Keung said of Malaysia as reported in Chinese daily
Nanyang Siang Pau
. “I am confident that Malaysia, under the leadership of [Prime Minister] Tun Dr Mahathir Mohamad, will continue to welcome foreign businesses and investors. Therefore, I intend to invest more in Malaysia in the coming years, potentially in the area of modern agriculture and robotics industry, as per the country’s law and regulations.”  He met PM Tun Dr.Mahathir in Parliament on 16 August 2018. Yeung is the founder of China’s largest property developer in terms of sales revenue and is the second Chinese billionaire businessman to visit Dr Mahathir after Jack Ma from Alibaba Group. Yeung also stressed this, “I will ensure any and all business activities by Country Garden Holdings will strictly comply with the laws and regulations in Malaysia.

We will achieve sustainable development in Malaysia through proper legal compliance.” Malaysia is the developer’s largest overseas market. Yeung added, “With the Prime Minister as one of the pioneers in building up ASEAN, a strategic location, established legal system, diverse culture, healthy young workforce, stable political landscape and favourable economic policies, I strongly believe that Malaysia is the gateway to the whole of the Southeast Asia market.” Please refer to the full article in theedgemarkets.com:
Country Garden considers increasing investments in Malaysia.

This was reported in many media today. Prime Minister Tun Dr Mahathir Mohamad said that Malaysia will not allow foreigners to buy residential units in the US$100-billion Forest City project in its southern state of Johor bordering Singapore. He said, “One thing is certain, that city that is going to be built cannot be sold to foreigners.” He added, “We are not going to give visas for people to come and live here. Our objection is because it was built for foreigners, not built for Malaysians. Most Malaysians are unable to buy those flats.”  It was also reported that Malaysians living in Johor complained about large numbers of Chinese buyers in Forest City as well as the concerns of environmental damage, a glut in the property market, and the impact of land reclamation on fisheries. Currently, Country Garden has developed just a fraction of the planned reclamation of 20 sq km (8 sq miles). In 2017, 70 percent of all the buyers into Country Garden project in Malaysia were Chinese nationals.
Full report in theedgemarkets.com here.

Yes, today I received two forwarded news about this ‘only foreigners are allowed to buy into Forest City.’ My personal opinion remains the same. Wait for the final confirmation on this as well as the announcements on whether this is temporary or if this is effective from now onwards or even if all the previous buyers are asked to sell their units to locals/ Frankly, when it comes to Johor Bahru, we want not just people who buy homes but we also want industries to be set up here. The more industries, we have the higher the employment opportunities. Only then would we have more demand for homes.  Secondly, if JB can only grow simply because of property investments from foreigners, then we are living very dangerously. Perhaps a few more days and we will see more announcements and explanations from the Minister of Housing and Local Government as well as the Menteri Besar of Johor and perhaps more. Who knows, we could even have some suggestions from the Team of Eminent Person’s (TEP) report after 100 days? In the mean time, happy following.

written on 27 Aug 2018

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Country with the highest GDP per capita? Is our own income higher?

Country with the highest GDP per capita? Is our own higher?

Country with the highest GDP per capita in 2021 is Luxembourg at US$126,000 (RM534,000) pear year. WOW.  Second place is much further away, Ireland at US$90,000 (RM381,000). Still pretty high. Switzerland is almost the same followed by another double digit percentage drop for Norway at US$76,000 (RM322,000). United States round up the top 5 GDP per capita at US$66,000 (RM280,000).

Already the top 5 highest yeah

These are the countries where the GDP per capita is the highest in the world. In other words, it will just get lower after these 5 countries. I know, some wants to ask where is Malaysia?

Malaysia is around US$11,000 (RM47,000). However, this should not be the main focus. For readers of kopiandproperty.com stay focus on what matters more.

S
taying Focused

Is our own income per year higher than these top 10 GDP per capita countries?

If it is, congratulations! If it is not, start earning higher… save more… invest more and protect everything we have. We can keep blaming the world, everyone and including the government of the day but the only one who could really help us is just us.

Souce:
https://www.visualcapitalist.com/mapped-gdp-per-capita-worldwide/

Just remember, highest cost of living will always be PROPERTY

Cheaper food versus the salary they earn? Sure. Cheaper groceries versus the salary they earn? Sure. This happens in many countries where the salary is much higher than Malaysia. However, we need to remember that whether in those countries or even in Malaysia, the biggest cost / expenditure will always be the housing cost.  If we buy one, it is gong to eat up 30-40% of our income monthly. Yes, super high.

If we rent one, well… it’s just forever. RM2,000 x 12 months x Infinity Number of Years (including the next generations to come) is the cost of renting, okay?  By the way, whether renting or buying, do it within our affordability. Then, everything should be just fine. Stay focused, how could we earn more (few streams of income), how could we save more (buy based on need), how could we invest more (invest with knowledge) and last how we can protect what we have. (all the different insurance / protection plans).

All the best to all of us. Seems like 16th August 2021 is a SPECIAL DAY?

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The Star: A courageous show by Zeti

Seriously, I think everyone should read and understand the below article from The Star, dated 14th August 2015. For just 5 minutes, stop your new found Facebook ability as an ‘Economist’ and read attentively. Be proud that this is our central banker who is already in the final phase of her contract and has received numerous international awards and is highly regarded. Yes, when she is no longer the Bank Negara Governor, she would write a book. Yes, I will buy that book. Happy reading the below article yeah.

Read here:
“A courageous show by Zeti” dated 14th August 2015.

Summary of the article?

The case that everyone kept wanting to put the blame on her? She said that it is not a matter under the purview of Bank Negara because it does not have access to the accounts of individuals. The central bank, however, assists other enforcement agencies if it is approached. Final joke of the day? She said, “This is what I can say … I may contravene the law and be arrested for talking about an individual’s account when I leave this room.” Everyone laughed. Whether happily, sadly or sheepishly, you should decide. Happy reading and following.

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Everyone, Covid-19 is NOT OVER. Please just be serious.

When it was announced that inter-state travel ban will be lifted, I wrote that it’s best to use ICU capacity as the number to make the decision. Here’s that article:
ICU utilisation still over 70%…

Well, now we have the latest news. Sungai Buloh Hospital’s intensive care unit (ICU) capacity has reached 96%. It means that there is just 4% capacity left before the ICU can no longer accept any new patients. This is considered bad news yeah everyone.

Article in malaymail.com
  There are concerns that Covid-19 cases may spike again next month.  Selangor Health director Datuk Dr Sha’ari Ngadiman said that the surge in cases was due to the hospital receiving Covid-19 cases from other hospitals around the Klang Valley.

He said, “This hospital is a Full Covid-19 Hospital and a Covid-19 referral hospital for all hospitals not only in the state of Selangor but also in the Klang Valley.

“Therefore, the ICU of Sungai Buloh Hospital also receives Covid-19 cases from other hospitals so that the ICUs of other hospitals can be used to accommodate more non-Covid-19 case needs.”
Article in malaymail.com

It’s not easy but need to continue to be wary

Continue to be very careful yeah. Keep sanitizing our hands continuously. Wear masks at all times and well, dining in has its risks yeah. Meanwhile shops must continue to be very serious in only admitting those who could show their vaccination certificates. Please CHECK and not just look at the screen because it may be a screenshot! Thank you everyone.

Nope, I do not think we will go back into a lockdown because the question is whether the cases are under control and not whether there are more new cases or fewer new cases. In the mean time, please go and get vaccinated and get the booster shot if needed yeah.  Thank you.

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Header Image by
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Covid-19 situation based on new cases and deaths.

Potential for lockdown, again?

A close friend was telling that there’s a potential for lockdowns with the Omicron variant. Let’s just say I do not wish to debate on whether this will happen. My wish is for us to continue to contain the situation instead of just slapping a blanket lockdown like previously. It’s just too devastating for everyone and the economy too. By the way, masks remain one of the most important measure thus far. Just look at the countries where masks are NOT necessary to understand what is happening with the Omicron.

Vaccination vs infection?

By the way, daily new cases continue to show an increase. Just need to look at the below data as at 5th January 2022. In fact it does look extremely scary too. However, look deeper and we need to realise that vaccinations have restrained the effects from the Covid-19 infections tremendously. If the question is whether the vaccinations could stop infections effectively, the answer is an easy one; NO. However, do look at the next chart yeah.

Source:
https://www.worldometers.info/coronavirus/

Vaccination vs deaths

Meanwhile if we look at the daily deaths. Same date as above. As at 5th January 2022. We can see that the daily deaths remain almost the same or even showing a lower number if we were to compare this to August 2021 period. There is thus no question about it. Please just go and get vaccinated and also get that booster shot when you have received your appointment. When numbers clearly show this trend, stop listening to some sxxxxxx viral news which you receive and usually have no source.

 Source:
https://www.worldometers.info/coronavirus/

Keep our loved ones safe

Thank you for your kind action. If you like to also show people actual numbers, please feel free to share this article too. Take care and please remember that the face mask is not just to save you. It’s to save all your loved ones because if you are infected and your body is strong, you will be okay. Others who live with you may not be so lucky. Thank you in advance on their behalf.

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COVID-19 and its effects on home prices?

A friend remarked that with the current fall in oil price due to COVID-19, the next one to fall would be property prices.
Oil prices has dropped to levels last seen in mid-2017. (click for latest news)
 (Erm… 2017 is not that long ago, really)  In my opinion, oil prices should be less volatile and it should not be dictated by all these speculative buys all over the world. If it’s just based on the production cost plus logistics and a profit margin is added, then there’s not even a need for all these ups and downs. Then again, if it’s that straight forward, then none of these ‘investors’ in the oil market would exist and they would have to play their games of buy and sell oil futures elsewhere.

This is also the same for the property market. What is the chance for a property to be priced ONLY by adding a certain agreed industry profit margin and then every year, the prices will move upwards by a fixed percentage across the industry? If no one could control oil prices and it’s considered a commodity, then what are the chances for property prices to be controlled? Different sizes, different locations, different available amenities and even different developer brands? Some carrying a higher premium than the rest?

Okay, now that oil prices have fallen and it was said to be affected by COVID-19, would property prices be affected by COVID-19 as well? Actually it’s not such a straight forward answer yeah. Very briefly, COVID-19 will cause people to stop spending money since they will not be going to malls. This will affect businesses which may have to retrench people and the people would then be earning no salary and thus could not pay their monthly home mortgages and then the banks will move in and auction those properties, usually at a lower price than the market. So, yes, if COVID-19 is prolonged and it affects the economy of every country in the world, there’s a chance that it will cause property prices to fall. At least for a small segment, the ones which were affected the worst by COVID-19 such as tourism. Earlier article here on
COVID-19 and how it will affect the Malaysian economy.

Short answer to the title of this article is Yes, COVID-19 will affect property prices, somewhat. It affects the sentiment and sentiment affects the owners and well, the prices too. Long answer is that it will only be for certain segments and not for all and everything depends on how long COVID-19 will stay. I certainly do not foresee Desa Parkcity people all suddenly thinking of selling their properties with a 10 percent discount… Or owners of properties within KLCC for that matter. Happy identifying the potential but be realistic and opportunistic about it.  Waiting and doing nothing will amount to nothing.

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COVID-19 cases showing a reducing trend

The World Health Organisation (WHO) says that the COVID-19 cases are showing a reducing trend. This is a good news even if it may be too early or it may be a false alarm or it may be just another news. Just take the news as positive news okay? Just too many people sharing just the bad news and when there’s some neutral or good news, no one ever shares them. It’s like they are allergic to good news? Or… they wanted all these bad news so that it fits their motives? Get more attention… sell more of a certain products… and whatever other reasons.

Photo by Meru Bi on
Pexels.com

Article in edgeprop.my
.
  World Health Organisation (WHO) in a statement said, “For the fourth week in a row, the number of global new cases reported fell, with 3.1 million new cases last week, a 17 per cent decline compared to the previous week”

“This is the lowest figure since the week of 26 October (15 weeks ago).”

“The number of new deaths reported also fell for a second week in a row, with 88,000 new deaths reported last week, a 10 per cent decline as compared to the previous week. All WHO regions reported a decline in new cases, with five out of six regions reporting more than 10 per cent decreases.”  Do read the full article here:
Article in edgeprop.my

Sentiment is everything

There are reasons to cheer and of course there are reasons to fear. This affects the sentiment. The reasons to cheer would be that the numbers are reducing. Let’s hope by the time this is published, our Malaysian numbers would continue to show a reducing trend too.  The reasons to fear is for the cases to start increasing again like how it did here in Malaysia just after the Sabah election which everyone is blaming everyone for causing it to happen.

Well, the General Election better not happen so that no one needs to blame anyone that made it happen. As long as things start to get better, people will have a chance to spend and jobs have a chance to grow. Sentiment, a positive one helps tremendously. If we just like to do a part, continue to share positive news. Not fake news okay, just real news but good news. As for the negative news, do we think no one would share? Let them share… I will do my small part. Thank you all.

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COVID-19 immunity will boost the economy. Are we ready?

COVID-19 immunity will boost the economy and it’s not just ours yeah. It’s for the world.

Okay, I do not think people will get full COVID-19 immunity anytime soon. However, COVID-19 immunity will boost the economy. The reason is a simple one. When people feel safer, they will be able to go back to what they love to do, want to do and of course the need to do. In fact countries could even start discussing very seriously on travel bubbles and that’s a super huge thing because there’s definitely a build up of ‘revenge travelling’ among everyone who has NOT left the country for 1 year or more.

My wife is definitely one of those who would love to fly again. She would have to wait a bit still. Perhaps 2022 would be a much more realistic year to fly again. Here’s what our Finance Minister said and explained about COVID-19, about vaccinations, about the current interest rates and about the economy.

Article in thestar.com.my
 He said that the systematic roll-out of the National COVID-19 Immunisation Programme will be the key to drive Malaysia’s economy back on its track.

He said, “We have many reasons to believe that the worst is behind us. I am certain that Malaysia will emerge stronger by the end of the year.”

He explained, “Moreover, Malaysia’s National COVID-19 Immunisation Programme which has commenced since late February 2021 will support the reopening of our economy and spur business activities. This will be supported by a robust recovery in global trade and higher crude oil prices.”

He reminded all Malaysians, “It is crucial for the country to achieve herd immunity as soon as possible to ensure full recovery of the economy, including sectors that were hit hardest such as tourism, retail and aviation.” Do read the article for a lot more sharing by him here:
Article in thestar.com.my

The economy depends on you and me

Yesterday, I dropped by Kuala Selangor’s Pasar Pasir Penambang and bought around RM300 worth of fishes. I think it will last one month as my wife cooks 4 dinners every week and we do not eat fish every meal. Sometimes, pork and chicken will also come into the menu too. After getting the fish supply, I had a good lunch and the bill was pretty affordable too.

Truth is, every time we spend money in the local economy, we will help the locals get some income. They would then use some of these for their other purchases. This is the multiplier effect and it’s important to have the economy moving again. Are you also doing your small part like me? Happy helping everyone. The economy depends on you and me.

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Covid-19 infection numbers. More tests, higher numbers for now.

A good friend said that we are doomed. Look at the number of cases. I told her that the tests for Covid-19 has been increasing a lot as well. She does not really want to listen. Continued to share her views and concerns. So, I stopped explaining. No point right. I have been sharing this for a few days but I think it’s best to just quote the actual news announcement by Health director-general Tan Sri Dr Noor Hisham Abdullah.

Article in thestar.com.my
  KUALA LUMPUR (Bernama): The Health Ministry (MOH) expects the country’s daily Covid-19 cases to stabilise and show a decline in the next one to two weeks’ time, said Health director-general Tan Sri Dr Noor Hisham Abdullah.

He said, “The MOH had expected that with the lockdown in the Klang Valley areas, the daily cases will increase due to the implementation of the targeted and community screenings.

“However, I am confident that with better movement control methods, we will see a more stable total number of cases as well as a drop within a week or two. At the same time, the vaccination process must be expedited.”

There are five categories of the Covid-19 disease. Category One – asymptomatic; Category Two – mild disease; Category Three – moderate disease (pneumonia, not requiring oxygen); Category Four – severe disease (pneumonia and requiring oxygen); and Category Five – critical disease (multiple organ impairment, possibly requiring assisted ventilation). Please do read the full
Article in thestar.com.my

Faith is needed and we are definitely on the right track with MORE TESTS versus not testing

Vaccinations per 100 wise, we will be ahead of an advanced nation where the cases are low within a few days’ time. Nope, I am no longer comparing us to our neighbours whom I am hoping they could also quickly ramp up their vaccinations.

By the way, if you read the most recent article:
Infections vs Hospitalisations and Death
 then you would realise that moving forward, the focus will be on vaccinations, hospitalisations and death. UK has showed that even if infections can be increasing, the hospitalisations do not follow the same trend and the death numbers would also slow down tremendously.

Just note that for this to happen, we probably need something like 50% vaccinations first. Stay focused on what matters and start understanding what would really happen in the future once vaccinations reach a critical number. i would say it’s 50% of population.

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Covid-19 infections may STILL get higher, okay?

I have shared a few times in a few Whatsapp groups and I think I should also share here too. By the way, in case we did not know, UK had over 50,000 cases per day yesterday (16th July). Are they implementing a full lockdown? No…

Are they NOT vaccinated then? NO… they are well on their way towards 70% full vaccinations in August.

Are they crazy to continuously open up despite such high numbers of infectivity? Actually, they are just moving ahead and look at hospitalization numbers to guide their decision.

Truth is… there are NO vaccine brands (no matter what you love and wanted to have) which could stop DELTA variant infection as well as earlier variants. US’s cases are also mostly Delta now and they have mostly Pfizer and Moderna… It still does NOT stop the infections. UK’s cases are rising and they are using AZ and Pfizer. It still does NOT stop the new covid-19 cases. However, the vaccinations have a very HIGH capability to prevent hospitalisations. This is the right focus…

99.2% of all US Covid-19 deaths in June were from people
WITHOUT vaccinations (click to read)

Zero hospitalisations in Sydney came from people with full vaccinations as at the time when they start to have rising cases.
(click here to read)

Hope this is now clear enough. Start reading about all the different Levels of Infection from all cases. If majority of all cases are Level 1 and Level 2, we need to continue reopening. Lives are important but livelihoods affect by far more Malaysians.

This is also why we will have
Operations Surge Capacity too. Read a bit here.

We have no choice but to balance this. Even countries with the best lockdowns and compliant citizens have seen cases rise tremendously because Delta variant is a very different one from earlier variants. One may get infected in just 15 seconds…

Hope this explains a bit more. As for what happens now that the EMCO is over for Selangor and KL and we are in Phase 1 in NRP, the below image is a good guide.  Happy doing a little more than what we could under EMCO.
Image from thestar.com.my

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Community Message: COVID-19 is already at critical stage. Please do our part.

This is a public message and a reminder to everyone of us. COVID-19 cannot be defeated if we continue to have that ‘I won’t be so lucky’ or ‘it does not concern me’ or even ‘others never follow, why I should follow?’

Some numbers from Health director-general Tan Sri Dr Noor Hisham Abdullah for our consumption:

Cases are still rising faster than recovery

Infectivity rate in the country is showing an increasing trend with the current infectivity rate at 1.14 while Selangor is 1.20, Kuala Lumpur (1.16) and Putrajaya (1.0).

88% capacity already!

A total of 152 critical beds or ICUs are dedicated to treating Covid-19 patients and the current capacity rate has reached over 88 per cent.

Klang Valley is top.

“Three states recorded the highest incidence rate comprising Kuala Lumpur at 1,583 cases followed by Selangor (1,486) and Putrajaya (1,140).”

It’s already nearing critical level

“If this increasing trend of Covid-19 cases continues, then healthcare capacity will be at a critical level and will harm the delivery of public health services as a whole.

FOLLOW SOP!!

“Therefore, the community is urged to help the ministry by always adhering to the Standard Operating Procedures (SOP) set by the government and adhere to the health advice to break the chain of Covid-19 infection in the country.

Full article in nst.com.my here.

— end of public message —

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Covid-19 latest update. Below 20,000 cases for first time since 10 Feb.

What is endemic and are we not under pandemic still?

Many people are still wondering why everything seems to be moving towards normalisation when the total Covid-19 cases continue to be 20,000 or more. Malaysia is seeking to move towards the endemic phase; living with the virus versus living without it. Treating it as endemic means we are taking the approach like Singapore, Australia, UK, America and more versus the approach of China or Hong Kong.

Well, our Covid-19 cases have dipped below 20,000 for the first time since 10 Feb. As for the latest news on Covid-19, please refer below.

Article in themalaysianreserve.com
  COVID: Number of cases drop to below 20,000 yesterday – Health DG.  The last time Covid-19 positive cases was below 20,000 cases was on 10 Feb 2022. Total recovery was 28,250 and this exceeded total new cases as well. Infectivity rate (Rt) was 0,93 nationwide. Five states recorded more than 50 per cent usage of critical case beds or at the Intensive Care Units (ICU), namely Kuala Lumpur (67 per cent), Johor (66 per cent), Perlis (64 per cent), Kelantan (58 per cent) and Selangor (56 per cent). Do read here for more details:
Article in themalaysianreserve.com

Precautions continue to be needed

The news is not to tell you that everything is okay. This news is to tell you that number of cases are really on a downtrend but it is still close to 20,000 cases per day. This is not a small number and can suddenly spike again if we take it lightly. Staying safe with sufficient precautions remain the best way to handle and yes, 1st April 2022 will be the day when we welcome international visitors again. Earlier news here:
Malaysia fully reopens international borders from 1st April 2022. What are the implications?

Stay safe. Masks are necessary.

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Another new positive. COVID-19 active cases in Malaysia dips below 30k.

Another new positive. Our recovery cases continue to be higher than new cases, except for that particular factory yesterday. Sigh.

Seriously, I have no idea why do we need to keep publishing the total number of confirmed cases FIRST and the Active Cases in a much smaller font and looks so invisible. The truth is, active cases would be the best representative of how bad or how good the situation at hospitals are. I know… maybe this number is just too small and people may not want to read about it? Not negative at all? Anyway, happy referring and always continue to wear mask and exercise sufficient social distancing yeah. Take care.

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COVID-19: Only essential premises whether government or private will remain open from 18th to 31st March 2020.

Seriously, there is no need to panic buy. By 20th March, anyone who had panicked buy would have already have their kitchen cabinets full of food. Please just buy what we need and please remember that Malaysia is an exporter of canned food, chicken meat, eggs and well, many more things which we could eat including bread, rice and even ice-creams. (if you must)

This is important for working people:
Keenam
, penutupan semua premis kerajaan dan swasta
kecuali yang terlibat dengan perkhidmatan penting negara
(atau essential services)
iaitu air, elektrik, tenaga, telekomunikasi, pos, pengangkutan, pengairan, minyak, gas, bahan api, pelincir, penyiaran, kewangan, perbankan, kesihatan, farmasi, bomba, penjara, pelabuhan, lapangan terbang, keselamatan, pertahanan, pembersihan, peruncitan dan bekalan makanan.

Else, the full announcement as follows:

PERUTUSAN KHAS

YAB PERDANA MENTERI MENGENAI COVID-19

Assalamualaikum dan Salam Sejahtera, saudara-saudari rakyat Malaysia yang
saya kasihi.

Malam ini, sekali lagi saya berada di hadapan saudara-saudari sekalian untuk
memaklumkan situasi semasa ancaman wabak Covid-19 yang telah
menimbulkan kebimbangan bukan sahaja di Malaysia, malahan di seluruh
dunia.

Sehingga kini, wabak Covid-19 telah merebak di 135 buah negara. Seramai
162,711 orang telah disahkan positif Covid-19 di seluruh dunia. Daripada
jumlah ini, seramai 6,443 orang telah meninggal dunia.

Di Malaysia, telah berlaku peningkatan kes Covid-19 secara mendadak, iaitu
190 kes semalam, disusuli 125 kes baharu hari ini, menjadikan jumlah
keseluruhan individu yang dijangkiti wabak ini adalah sebanyak 553 orang.
Daripada jumlah tersebut, seramai 511 orang sedang dirawat di hospital,
manakala 42 orang telah pun pulih.

Kerajaan memandang serius situasi semasa ancaman virus berbahaya ini
terutama perkembangan gelombang kedua. Keutamaan Kerajaan pada masa
ini adalah untuk mencegah penularan baharu wabak ini yang dibimbangi akan
menjangkiti lebih ramai rakyat. Situasi semasa wabak ini memerlukan tindakan
drastik diambil bagi memulihkan keadaan secepat mungkin.

Untuk itu, Kerajaan
memutuskan untuk melaksanakan Perintah Kawalan
Pergerakan, mulai 18 Mac 2020, iaitu lusa hingga 31 Mac 2020, di seluruh
negara.
Perintah kawalan ini dibuat di bawah Akta Pencegahan dan
Pengawalan Penyakit Berjangkit 1988 dan Akta Polis 1967. Perintah Kawalan
Pergerakan ini meliputi;

Pertama,
larangan menyeluruh pergerakan dan perhimpunan ramai di seluruh negara termasuk aktiviti keagamaan, sukan, sosial dan budaya. Untuk menguatkuasakan larangan ini, semua rumah ibadat dan premis perniagaan hendaklah ditutup,
kecuali
pasaraya, pasar awam, kedai runcit dan kedai serbaneka yang menjual barangan keperluan harian. Khusus untuk umat Islam, penangguhan semua aktiviti keagamaan di masjid dan surau termasuk Solat Jumaat adalah selaras dengan keputusan Mesyuarat Jawatankuasa Muzakarah Khas yang telah bersidang pada 15 Mac 2020.

Kedua
, sekatan menyeluruh semua perjalanan rakyat Malaysia ke luar negara.
Bagi yang baru pulang dari luar negara, mereka dikehendaki menjalani
pemeriksaan kesihatan dan melakukan kuarantin secara sukarela (atau
self
quarantine)
selama 14 hari;

Ketiga
, sekatan kemasukan semua pelancong dan pelawat asing ke dalam
negara;

Keempat
, penutupan semua taska, sekolah kerajaan dan swasta termasuk
sekolah harian, sekolah berasrama penuh, sekolah antarabangsa, pusat tahfiz
dan lain-lain institusi pendidikan rendah, menengah dan pra-universiti;

Kelima
, penutupan semua institusi pendidikan tinggi (IPT) awam dan swasta
serta institut latihan kemahiran di seluruh negara; dan

Keenam
, penutupan semua premis kerajaan dan swasta
kecuali yang terlibat
dengan perkhidmatan penting negara
(atau essential services)
iaitu air,
elektrik, tenaga, telekomunikasi, pos, pengangkutan, pengairan, minyak, gas,
bahan api, pelincir, penyiaran, kewangan, perbankan, kesihatan, farmasi,
bomba, penjara, pelabuhan, lapangan terbang, keselamatan, pertahanan,
pembersihan, peruncitan dan bekalan makanan.

Saya sedar bahawa saudara-saudari mungkin merasakan bahawa tindakan
yang diambil oleh Kerajaan ini menimbulkan kesulitan dan kesukaran untuk
saudara-saudari menjalani kehidupan seharian. Namun, tindakan ini mesti
diambil oleh kerajaan untuk membendung penularan wabak Covid-19 yang
berkemungkinan meragut nyawa rakyat negara ini.

Kita telah melihat peningkatan wabak Covid-19 secara mendadak daripada puluhan orang yang dijangkiti virus ini kepada ribuan orang dalam masa yang singkat di beberapa buah negara lain. Sudah pasti saudara-saudari tidak mahu keadaan yang sama berlaku di negara kita.

Kita tidak boleh menunggu lebih lama sehingga keadaan menjadi lebih
meruncing. Tindakan drastik perlu diambil dalam kadar segera untuk menyekat
penularan wabak ini dengan cara mengehadkan pergerakan orang ramai. Inilah
satu-satunya cara untuk kita mengelakkan lebih ramai rakyat negara ini
dijangkiti wabak yang boleh meragut nyawa.

Saya harap saudara-saudari dapat bersabar menghadapi dugaan ini. Jangan
panik, jangan cemas, dan sentiasalah bertenang. Saya percaya dengan
langkah-langkah sekatan pergerakan yang dilaksanakan oleh Kerajaan, kita
mampu menyekat penularan wabak ini dalam masa yang terdekat.

Kita telah melihat beberapa buah negara yang mengambil langkah yang agak
drastik untuk mengawal penularan wabak ini seperti negara China yang telah
menunjukkan penurunan mendadak kes-kes jangkitan Covid-19.

Saya juga ingin memberi jaminan bahawa bekalan bahan-bahan makanan,
keperluan harian dan penjagaan kesihatan termasuk topeng muka adalah
mencukupi. Saya telah mengarahkan Kementerian Perdagangan Dalam Negeri
dan Hal Ehwal Pengguna agar sentiasa memantau situasi bekalan makanan
dan keperluan harian di pasaran sepanjang tempoh Perintah Kawalah
Pergerakan ini berkuatkuasa.

Saya merayu kepada saudara-saudari agar sentiasa mematuhi Perintah
Kawalan Pergerakan ini. Ini adalah tanggungjawab kita bersama yang mesti
kita laksanakan sebagai rakyat yang prihatin terhadap keluarga kita,
masyarakat kita dan negara kita.

Saya juga ingin memaklumkan bahawa Sidang Khas Majlis Keselamatan Negara akan bermesyuarat setiap hari untuk memantau dan mengawasi situasi wabak Covid-19. Saya sendiri akan mempengerusikan mesyuarat ini dan memaklumkan kepada saudara-saudari perkembangan situasi wabak Covid-19 dari semasa ke semasa.

Jika saudara-saudari mempunyai sebarang pertanyaan berhubung Perintah
Kawalan Pergerakan, saudara-saudari boleh menghubungi Pusat Pengurusan
Operasi Negara di talian hotline 03-88882010 bermula jam 12 tengah hari esok.

Saya mengambil kesempatan ini untuk mengucapkan jutaan terima kasih
kepada semua petugas kesihatan, penjawat awam dan semua pihak yang telah
bertungkus-lumus bekerja siang dan malam untuk membendung wabak ini.

Saya berdoa agar saudara-saudari sekalian terus cekal dan tabah dalam
menjalankan tugas untuk negara demi memastikan keselamatan dan
kesejahteraan rakyat di negara ini sentiasa terpelihara.

Akhir sekali, saya berdoa agar saudara dan saudari sekalian sentiasa diberikan
perlindungan oleh Allah S.W.T.

Wabillahitaufik wal hidayah, wassalamualaikum warahmatullahi wabarakatuh.

If you want to download the announcement for some reasons. (click here)

— end of announcement —

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Covid-19? Potentially the cause of the next world recession.

First of all, I must add this yeah. NO ONE can predict with any great accuracy about when a recession will happen. Not even economists and when they get it wrong, they will predict again and again and again. So, when we read what happens from the effects of COVID-19, it’s super important to look at all the potential should COVID-19’s current situation becomes better as well. That’s why some are crying about the stock market while some of my friends are happily starting to pick good companies to buy and stay the course.

Article in themalaysianreserve.com
   World Health Organisation has declared Covid-19 a pendemic.  This has caused major stock markets to tumble. These stock markets range from Japan to Hong Kong to Australia and even South Korea. For example, Japan’s Nikkei 225 closed 4.41% lower yesterday.  European markets took the worst beating, especially Germany’s DAX, UK’s FTSE 100 and France’s CAC.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said a prolonged drop of the global economy could lead the world into a recession. He shared that the world collapsed into recession during the global financial crisis of 2007/2008, which dragged the US economy back to the level seen during the Great Depression years in the 1930s. The global recession during the crisis pushed economies into the red. He gave us this warning too. “In this case, we need to consider various scenarios including the possibility of a recession in order to be prudent and prepared.”  There are a lot more details in the
Article in themalaysianreserve.com

If you ask me, of course I will hope that recession is averted since every country affected by the COVID-19 have launched initial economic stimulus to reduce the effects from this pandemic.
For example, Hong Kong’s economic stimulus includes giving out cash too. (click to read)
  For us, this was announced just recently.
This is Malaysia’s stimulus to fight COVID-19’s economic effects

I know, sentiment is extremely negative at the moment because it seems that the number of new discovery of patients infected by COVID-19 kept increasing daily too. I have faith that the health ministry’s officers are already doing their very best. Always take precautions. If we feel unwell, please do not go to public places. Just see doctor and go home and rest. Everyone needs to play their part too.  All the best to Malaysia and the world in avoiding any potential recession.

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Covid-19 update. Vaccination remains key to reduce severity.

The below is not to tell us to stop wearing mask or stop social distancing or stop feeling worried. The below is to give an overview so that we are aware that vaccination is a very clear reason why the severity of the effects from Covid-19 continue to lessen. Omicron may spread much faster than Delta but if one is vaccinated, then the probability for the infection to become serious is much lower.

We can see total daily new cases are at all time new high… However, the total deaths have remained subdued. It’s not as high as one year ago and based on the current number of cases, the number is lower in ratio too. Both charts as below. Info source:
https://www.worldometers.info/coronavirus/

Yes, I was the first batch for Astra Zeneca (AZ) vaccinations when it was open for volunteers and it was so easy to register because no one was registering. At the time when I registered as a volunteer to be jabbed, already over 20 million people in Britain already vaccinated with AZ and yet people still continue to send that viral news about how dangerous AZ was…

Yes, I have completed by booster shot which is Pfizer. Nope, I did not wait for Sinovac because I do not think that it the best just because China has fewer cases. China has fewer cases because its policy is to aim at zero cases. It’s a different policy versus many countries and thus the low number is not because of the vaccine. To me, Sinovac is as effective as any other major brands with two doses. Period.

I was okay with Pfizer as booster because there has been so many research that showed mixing of vaccinates doses does boost the efficacy. These studies were not conducted in some unknown labs somewhere… Yes, I would have prefered AZ – AZ – AZ but I did not get the choice, so Pfizer is perfectly fine for me.

Yes, I have registered both my kids (7 and 9 years old) for
PICKids on 11th February 2022. Update here.

I prefer to read facts and not some unverified viral news or some foolish statements including one recent one about Minister of Health trying to stop the Raya celebrations?  Some people are just too free. Then again, perhaps it’s because people believe that these people continue to come up with sensational theories too.

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Malaysia’s COVID-19 vaccination programme starts February 2021 – FAQs

This is an overview of Malaysia’s COVID-19 vaccination programme. We look at the vaccines which the government will be procuring (which is approved, which is in approval), the phases for the vaccination (who gets first, who gets last), what really happens during the two doses, where are the places we could get the shot and lastly the potential side-effects after taking the COVID-19 vaccination shot(s).

#1 What are the available vaccines?

As at 17th February 2021, only the Pfizer COVID-19 vaccine has been fully approved while all the other ones listed below are still under evaluation for approval. Do refer to the image below for all the rest. We do have acquired more vaccine doses from AstraZeneca (UK), Sinovac (China), Can SinoBio (China) and Sputnik V (Russia) which the government is in process of approving them for use. These will be enough to cover more than 100% of all Malaysians.

As per announced by the Health Minister, we will also be providing vaccines to non-Malaysians residing here as well.

Source:
https://www.vaksincovid.gov.my/pdf/Program_Imunisasi_COVID-19_Kebangsaan.pdf

Source:
https://www.vaksincovid.gov.my/pdf/Program_Imunisasi_COVID-19_Kebangsaan.pdf

#2 What are the phases (when would my group be getting it, tentatively?) for the vaccinations?

Source:
https://www.vaksincovid.gov.my/pdf/Program_Imunisasi_COVID-19_Kebangsaan.pdf

#3 What happens during the whole process for the two doses? (Yes, you need BOTH doses). This is the process for those of us registering using MySejahtera App. (Yes, I intend to use this as well)

Source:
https://www.vaksincovid.gov.my/pdf/Program_Imunisasi_COVID-19_Kebangsaan.pdf

#4 Where could we get the vaccinations? (Briefly, there are a total of 605 locations)

Source:
https://www.vaksincovid.gov.my/pdf/Program_Imunisasi_COVID-19_Kebangsaan.pdf

#5 What are the potential side-effects from the COVID-19 vaccination?

pain / swollen / redness at the injection area
tiredness
headache
shivering
join pain
fever
nausea
feeling unwell
swelling of the lymph nodes
any other side-effects will be continuously being shared periodically

Source:
https://www.vaksincovid.gov.my/pdf/Program_Imunisasi_COVID-19_Kebangsaan.pdf

Hope this clears a little of the confusion and if ever you needed to read the documentation in full, do
click here and download the full presentation slides.

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Covid-19 vaccinations. Your right and my right. Who’s right?

Suddenly, I saw many people questioning the announcement for more relaxation by PM yesterday.
Here’s that article.

“Why allow fully vaccinated people the dine-in flexibility? This will cause more infections.”

By the way, they are right. Any country in the world which had relaxed their SOPs for Covid-19 has faced an increase in number of people infected with Covid-19. Malaysia is not going to be any different.  The reason is a simple one. None of the brands including that one which Malaysians love to debate and say that Particular brand is better can stop infections from Delta effectively.

However, what’s different is that if our vaccinations are high enough, in this case 70% full vaccinations or higher, then those number of cases do not translate into hospitalisations, ICU and deaths in tandem. Just look at the below for a very clear idea of how things would become.

Russia has 23,000 new cases, new deaths are 787.  France has almost the same, it’s deaths number is 30.  UK has over 27,000 new cases and its total deaths are 39. Indonesia has slightly more at 26,000 and its deaths are 1,498. Russia is at 19% fully vaccinated while the UK is very close to 60%. France is at 50% and Indonesia is at 8.7%.
All numbers come from worldometers.com (click here)

This is why it’s BEST to push our vaccinations towards that magical number of 70% as soon as possible.

Source:
https://www.worldometers.info/coronavirus/

Coming back to rights or who is right

Just as everyone has a right NOT to get vaccinated because of their own beliefs, those people who has been vaccinated also have their right NOT to dine-in with all these unvaccinated people. Just as people can have the right NOT to go dine-in and prefers to get delivery, it is also the right of fully vaccinated people to dine-in versus buying online.

Despite all the proofs from advanced nations with high vaccination numbers, I do not wish to debate on who is right. I just need to make it clear again that everyone has their rights. Please stop infringing on my right just because you have the right not to get vaccinated.

By the way, I do not believe there are companies who would reopen their offices and allow unvaccinated people to come to office and mix with all the vaccinated staffs. If I am the boss, I will ask the unvaccinated to work from home (if they are key staffs) or I will take steps to rely less on unvaccinated staffs.

As the boss, it is my right to ensure my business continues to do well so that I can also pay my all my staffs, whether or not they are vaccinated. So, I am not going to jeopardise the future of my company. Simple right, right?

By the way, dine-in is only allowed from Phase 2 of the National Recovery Onwards, so Selangor and KL people, stay home. It’s not yet happening. Image as below for reference.

Till then, remember, all of us must respect other people’s right as well. It’s not just the ones who are shouting loudest that have all the rights to do anything they like. Cheers.

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Covid-19 vaccinations? Yes, they have started with evaluation for 5-11 year olds.

If it’s proven that it’s safe for young kids, I will definitely send my kids for the jabs. Yes, I am speaking about the Covid-19 vaccinations for young children. In this case, the ones between 5 – 11 years old. Both my kids are within this range. If they are not vaccinated and they have to return to school, I will always have that worry.

Without me around, who would be able to supervise all the kids to have social distancing or to wear their masks correctly? The teacher? With 30, 40 and 50 kids in the classroom? Erm… I struggle with just 2 kids. Let’s make it safer for them by having them vaccinated instead. It’s just like flu jabs where the efficacy is super high already.

Covid-19 vaccines can continue to improve until they are at the level of the flu jabs. At the moment, I will take it if the United States Food and Drug Administration says that it’s safe for 5 to 11 year olds.

Latest ICU cases in the country for your reference before we go into the article about vaccination for 5-11 year olds. Nationally, we seem to be doing better with every passing day. Now it’s below 70% when it was above 70% just a few days ago.

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Covid-19 vaccines prevent deaths – FACTs.

Many continue to refuse to be vaccinated. If they are teachers, then I tell you, “My children will NOT be taught by you.” I will do whatever to stop you from teaching them if you refuse to be vaccinated without any strong reason beyond some rumours you heard in Whatsapp. Sorry yeah, it’s best that you do some other work which does not require you to have any potential contact with one whole class full of children who’s not vaccinated against Covid-19.

As for the effectiveness of the vaccine, just need to refer to the ICU admission as well as total deaths. Please refer to the charts below. It comes from
this article in codeblu

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Everyone, Covid-19 is NOT OVER. Please just be serious.

When it was announced that inter-state travel ban will be lifted, I wrote that it’s best to use ICU capacity as the number to make the decision. Here’s that article:
ICU utilisation still over 70%…

Well, now we have the latest news. Sungai Buloh Hospital’s intensive care unit (ICU) capacity has reached 96%. It means that there is just 4% capacity left before the ICU can no longer accept any new patients. This is considered bad news yeah everyone.

Article in malaymail.com
  There are concerns that Covid-19 cases may spike again next month.  Selangor Health director Datuk Dr Sha’ari Ngadiman said that the surge in cases was due to the hospital receiving Covid-19 cases from other hospitals around the Klang Valley.

He said, “This hospital is a Full Covid-19 Hospital and a Covid-19 referral hospital for all hospitals not only in the state of Selangor but also in the Klang Valley.

“Therefore, the ICU of Sungai Buloh Hospital also receives Covid-19 cases from other hospitals so that the ICUs of other hospitals can be used to accommodate more non-Covid-19 case needs.”
Article in malaymail.com

It’s not easy but need to continue to be wary

Continue to be very careful yeah. Keep sanitizing our hands continuously. Wear masks at all times and well, dining in has its risks yeah. Meanwhile shops must continue to be very serious in only admitting those who could show their vaccination certificates. Please CHECK and not just look at the screen because it may be a screenshot! Thank you everyone.

Nope, I do not think we will go back into a lockdown because the question is whether the cases are under control and not whether there are more new cases or fewer new cases. In the mean time, please go and get vaccinated and get the booster shot if needed yeah.  Thank you.

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Header Image by
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If you forwarded that over 10,000 cases photo of fake news, SHAME ON YOU. Enough is Enough.

People ask why people panic. Then, people say it’s because there’s not enough information from the authorities.

Yesterday someone said that a few people got fined for just walking on the street. Apparently, his home was under Enhanced Movement Control Order (EMCO). Then, someone else pointed out that for areas under EMCO, walking on the street without any purpose and in a group is actually not allowed. The restrictions are different from any area with MCO. Please lah, enough of saying how am I suppose to know what is the difference between EMCO and MCO. READ lah. This is not normal time, get to know what’s really happening.

Actually, the real issue is that people forward news after news and most of these news do not come from official sources. It has no source, we also did not bother and we just forward and we say to ourselves, ‘what happens if it is true?’  Hello… “what happens if it is false and you cause unnecessary panic?”  If you forwarded the 10,000 cases news which has just one photo and no URL, no source, then you may be the one causing a new cluster to happen!

By the way, below is the real number of cases today from the Kementerian Kesihatan Malaysia.

Another
news article is here from thestar.com.my
 It shows the number for all the states as well.

Another important image is this. If we want to help, continue to tell more people and get more people to register for vaccination. Truth is, when June arrives, the number of vaccine doses will be increasing tremendously. In fact, the government has announced another 500 GP clinics which will also join the vaccination drive from mid June onwards, as long as there are enough doses. This is definitely positive yeah.
From JKJAV FB page.

Thanks for reading.

kopiandproperty.com does not forward unverified news no matter how real the news look like. We hope you do the same. This is our country that we are talking about.

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COVIDNOW. All the Covid-19 related info in one place. Nice.

COVIDNOW. All the Covid-19 related info in one place.
This is the website: https://covidnow.moh.gov.my/
 and below are the latest screenshots as at 8th September 2021.

While I do wonder why it took so long to have all these within one place, at least it has now happened. I think the new Health Minister may have something to do with it. First slide is positive and not so positive. Positive in vaccinations and not so positive because we still have over 600,000 Malaysians who are NOT registered for vaccination. Erm…

How many people are on ventilators today? Image below. As at 8th September 2021.

How many people are in the ICU. What’s the ICU capacity by state? As at 8th September 2021.

Yes, COVIDNOW is worth a visit

Continue to refer to this site anytime needed yeah. I think this time, they have the info needed. Let’s not keep having to refer to many different places for many different information.   COVIDNOW. All the Covid-19 related info in one place.
This is the website: https://covidnow.moh.gov.my/

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CPI Land wins Best Boutique Developer and People’s Choice Award

Press Release:
  CPI Land Wins Best Boutique Developer and People’s Choice Award at the 9th Asia Property Awards Malaysia

Kuala Lumpur, Nov 30, 2022
 – CPI Land marked another milestone today as the boutique developer bagged two awards at the 9
th
 PropertyGuru Asia Property Awards Malaysia, winning in the category of Best Boutique Developer and the People’s Choice Award.

Operating on the belief of
Creating Perfection through Innovation,
CPI Land’s drive to innovate is visible through its sustainable construction and good deliverance, cost-effectiveness, design and functionality of its properties, and curating exceptional customer experience.

 Director of CPI Land, Chung Shan Tat

The boutique developer’s overall track record in the past 12 months include the handover of its 4th project Kerian Links in Taman Rainbow in December 2021, a take up rate of 98% for its 5
th
 project, Dian Residency, and the official launch of its 6
th
 project, Tuan 2egacy, in Q4 of 2021 which was 100% sold within 6 months of launch.

Director of CPI Land, Chung Shan Tat, shared that the team is extremely honoured and pleased to be recognized for its overall efforts as a company. “We have always taken pride in delivering a sophisticated lifestyle that is affordable for Malaysians, ensuring that each of our developments are carefully curated and uniquely innovated to be sustainable for our homeowners and the community surrounding it.”

Beyond providing for their home-buyers, CPI Land also contributes to each community they operate in such as the construction of a DBKL multi-purpose hall next to
Tuan Residency,
and offering assistance to the underprivileged in the neighbourhood of its development.

“We are humbled, that despite the volatile past 3 years, our achievements have been very encouraging, considering the restrictions and economic situation in place. That would not have been possible without the confidence from our partners and customers, and the commitment of the CPI Land team. With these awards as a testimony to our commitment, we will continue grow and innovate as we strive to deliver the perfect home to our customers,” Chung said.

The 9
th
 PropertyGuru Asia Awards Malaysia in partnership with
iProperty.com.my
 is the most respected and most sought-after real estate industry honours.

Sequels to triumphant victories

Driven by the success of Dian Residency and Tuan 2egacy, CPI Land will be offering two new properties, Residensi Dian II and Tuan Series III.

The upcoming Residensi Dian II will be welcoming homeowners to modern contemporary luxury set in centuries-old Balinese inspired architecture. With the construction completion expected in 2026, Residensi Dian II has 748 serviced apartment units and 14 commercial units. The project currently has a booking rate of 80%.

Another property to look forward to by CPI Land is the third instalment to the Tuan series. Poised to continue to legacy of its predecessors, Tuan Residency and Tuan 2egacy, homeowners can look forward to more architectural excellence and unique Colonial and Peranakan themed homes with exceptional value in quality and affordability. The upcoming Tuan project is a transit-oriented development (TOD) located within 300 meter radius to the Segambut KTM Station. Sitting on 3.9 acres of freehold land, the project is estimated to launch in Q4 2023.

For more information, please visit
https://www.cpiland.com
.

— end of press release —

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Crash, No, Crash, No, debate continues. Action is similar.

On one side of the ring, we have a veteran real estate expert, Ernest Cheong who sees 2018 as the year that the property market may crash. The panic may start right after Chinese New Year in February. He also  shared that developers are in desperate situation and that this was why they allow buyers to pay 1% of the property price and pay the remainder upon completion. When the property market crashes next year, the RM500,000 units would drop to RM300,000.  This is the full article in
Free Malaysia Today:  Property market will be badly hit in 2018, says expert.

I received the same article three times in Whatsapp.  One from a small investment group of friends, second one from my ex-department and third one from my close ex-team-mates. I think bad news would receive more attention. Maybe also because it may affect them next year. Besides Whatsapp, I received two Facebook messages asking me for my opinion. The article were all based on the announcement by Deputy Finance Minister Lee Chee Leong about a 40 pct increase in unsold completed units for H1 2017 versus the same period a year before. I wrote my personal thoughts earlier than the article in FMT actually and it was not in response to the FMT article. Here are some of the

potential trigger points in my 2-cent opinion.

On the other side of the ring, one day after the FMT article quoting Ernest, we have a few other prominent property people giving their view points.
Full article, also in FMT here.
 Henry Butcher Malaysia chief operating officer Tang Chee Meng said this in response to Ernest’s viewpoint.  He agreed that the market is sluggish and in fact, the number of unsold properties may even increase in 2018. However, he said, “So for anyone to say that the market will crash next year is a bit too pessimistic.” he gave a couple other points including the economic growth (5 to 5.5 pct), the current non-performing loan numbers (still very negligible) and even the fact that many developers have switched their focus to the affordable segment.  Penang Real Estate and Housing Developers’ Association’s immediate past chairman, Jerry Chan said that developers would not be reducing their prices unless they were in financial trouble.  He said that a crash is unlikely because of strong exports, returning investor confidence, and the lack of mass retrenchments.

Actually, for both predictions, we must still do the same thing. there are 3 things we can do currently.
SAVE.
 Seriously, save whatever we can because if the property prices really do drop 40 percent as predicted, we should step inside the market and buy a unit
.
Gloomy times do not last forever.

If we believe the market is not crashing but is nevertheless negative, we still need the savings so that we can chance upon any good deals, whether from secondary or the developers. Remember, regardless of the prediction we believe, we should still be working very hard yeah.

written on 16 Nov 2017

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When 47% have less money in emergency savings than credit card debt

I could not find the stats for Malaysia in terms of money in emergency savings versus credit card debts but I do think that with online shopping being the rage these days, it will get harder to save more versus spending more. There’s also the Buy Now Pay Later (BNPL) which is becoming ever so popular with so many different options.

Of course, for the past 2 years, one significant event which has affected many people negatively is the Covid-19 pandemic. Many lost their job. Some may be struggling to find a new job paying them similar salary as their last job. Some may have even defaulted on some of their loans too.

Hopefully, the recovery will be stronger soon for the sake of many Malaysian businesses with the reopening of the international borders on 1st April 2022. (Nope, it’s not an April Fool because this is a government announcement.) Here’s the news earlier.
Malaysia fully reopens international borders from 1st April 2022. What are the implications?

Article in cnbc.com
   Due to the unfortunate side-effect of the pandemic, only 53% of Americans say they now have more money in their emergency savings than what they owe in credit card debt.

During the pandemic, millennials, who range in age from 26 to 41, and members of Gen Z, who are between the ages of 18 and 25, were among those whose savings took the biggest hit, according to a new
Bankrate survey

Millennials were also more likely than other age groups to owe more in credit card debt than what’s in their savings.

According to Bankrate, 32% of millennials say what they now have in savings is less than what they owe in credit card debt.  However, Gen Z and Gen X tend to be doing better than millennials in that regard, the Bankrate survey finds, with only 23% of Gen Zers and 24% of Gen X reporting their debt exceeds savings.

Please refer to the full article with a lot more details here:
Article in cnbc.com

It’s not just the Covid-19 which is worrying

A few years ago, my good friend who’s a marketing manager for an European car brand told me that many buyers who came to the sales gallery actually could not afford the car. Many failed during their loan applications. Somehow, they just want to try their luck. Actually, if they were successful in their car loan application, they would soon fail in their monthly repayment for that car they could not afford.

Some may even be trying to show their “status” to all their peers and thus may be taking up debts to buy things they do not need to make people they do not like be jealous of them. Hopefully they understand that their friends would not mind the car they drive. Stay focused.

Buy within affordability so that one is able to continue buying many more things versus just buying one car and suddenly nothing else because the salary was just not enough. Keep saving and make sure emergency savings is always ready yeah. There’s also nothing wrong to live a middle class life versus a life where the total debts are more than the emergency savings.

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