Lowyat.NET: Latest topics by johnnyg

Withdraw CC masuk EPF

johnnyg — Fri, 17 May 2024 14:52:44 +0800

Bank interest 4.99%/annum on CC cash. No penalty early settlement.

Take out then masuk EPF if this year dapat 5.5-6%. Pocket the difference. 😬 berbaloi ke?

Assuming more than 1M in epf. So can take out anytime.

HVGT for Cars

johnnyg — Sat, 16 Mar 2024 10:16:26 +0800

Can’t find much info.

If book car now and delivery after 1st May, still kena tax?

So will people rush to buy cars that’s more than 200k now?

Running Shoes

johnnyg — Tue, 10 Oct 2023 18:16:21 +0800

Yo, staying healthy is good...

I am now considering some other brands other than the common puma/nike. Any recommendations?

I search this brand called Hoka... macam cun....

Tesla Model 3 Book Now!

Thu, 01 Jan 1970 07:30:00 +0800

Tesla Model 3 Book Now!

johnnyg — Fri, 01 Sep 2023 09:06:22 +0800

https://www.tesla.com/en_my/model3/design#overview

Delivery end 2023??

Kepala Air

johnnyg — Mon, 03 Jul 2023 14:31:03 +0800

How to detect? Any experience?

Day trip to singapore

johnnyg — Wed, 28 Apr 2021 17:52:06 +0800

Hi,

I need to be in Singapore for a day trip to sign documents. Sign at the airport and then take flight back. Does anyone know how the process is right now? Do I need to quarantine when I come back, etc? Appreciate if someone can help me out on this as info is confusing.

Flat foot

johnnyg — Mon, 28 Dec 2020 08:35:43 +0800

Noticed My kid having flat foot. He has always been tripping or falling. Then found out that this is one of the symptom of flat foot. Further reading mentioned could lead to future problems when become adult.

Anyone had this experience and could point out some remedies? Any doctor’s recommendation?

EPF > 1M

johnnyg — Sun, 14 Jun 2020 08:37:43 +0800

This year will be affected for sure.

If you have more than 1M, what would you do with the extra? Take it out and invest in something else or keep it in EPF?

Thought and ideas.

Income tax relief latest

johnnyg — Sun, 07 Jun 2020 15:52:15 +0800

Just the other day PM mentioned additional tax relief for purchase of computer, phone or tablet. That is for 2.5k. There is already 2.5k relief already there in the past. So is the relief now 5k? Anyone could clarify?

Inverter Fridge

johnnyg — Sat, 23 May 2020 09:20:04 +0800

I’ve got a 10yrs old fridge. Time to look out for inverter fridge for long term electrical cost savings. Worth the trouble? Any recommendation on which brand?

Share your best deal after GST abolished.

johnnyg — Sun, 20 May 2018 16:58:12 +0800

Come and share your best deal. I believe due to Rays festival coming soon, there are more rebates + gifts and excluded GST. This could help potential fence sitters who is also looking for great deal. Congrats in advance.

Let me start

BMW X1 - rebate 12k, exclude GST. Autobavaria.

(WTS) Ipad 1 32GB Wifi + 3G

johnnyg — Sun, 03 Nov 2013 13:12:46 +0800

SOLD Thanks

Malaysia could face Dubai-style property crash

johnnyg — Thu, 19 Sep 2013 09:16:05 +0800

KUALA LUMPUR, Sept 18 — Malaysia’s penchant for building iconic “tallest” towers and Grade-A office space may see the market for commercial real estate here suffer a massive crash like in Dubai, CIMB Bank warned in a report today.

The country’s second largest bank likened Malaysia’s ambitions to the “early story” of Dubai, which is home to the Burj Khalifa - the tallest building the world.

It pointed out that after years of “frenetic” development, the city-state suffered a real estate crash in the wake of the 2008 financial crisis, with properties losing more than 50 per cent of its value by 2011.

Malaysia may yet go the way of Dubai in this respect, CIMB said, noting that the current construction boom, particularly for commercial office space and big ticket projects like the 100-storey Warisan Merdeka tower, would likely create an eventual oversupply and overhang of properties.

“Without the solid backing of fundamental demand, the overbuilding of commercial real estate could result in painful long-term issues, such as a magnified oversupply of office space, depressed rentals and yields, wastage of strategic land resources and knock-on effects on the financial sector as borrowers default on their loans and the industry’s non-performing-loan ratio rises,” it said.

The bank, however, said Dubai had been in a better position than Malaysia, given the presence of many well-established Fortune 500 firms already sited in the booming city-state.

Occupancy rates in Dubai are already up to 99 per cent, CIMB added, unlike in Kuala Lumpur, which has occupancy in the low to mid-80 per cent range.

The report, as quoted in an article published on CNBC’s website yesterday, also noted that if the government offers funding for the projects, any losses will pressure public debt.

It estimated that around 17 million square feet of gross office floor area will become available between 2015 and 2017, but said that even if demand doubles in this period, it would not sufficiently absorb the influx.

Senior director at Savills Research Alan Cheong told CNBC, however, that he expects demand to remain constant and does not expect to see an office-market crash here.

“Even if it’s down 10 per cent, it’s not a crash. It’s just a reaction to greater supply,” he said.

The Malaysian Institute of Estate Agents president Siva Shanker told The Malay Mail Online recently that although the property market is heading for “challenging times” in the next few months, due to factors including the fuel increase, he does not expect to see a property bust.

“The Malaysian property prices rise gradually every year and during the financial crisis in 1997 and 2008, instead of plunging like the property market in countries like the US, the prices here stagnated,” Siva said.

Many property investors and those in the property industry are also expecting an increase in the real property gains tax (RPGT) in Budget 2014, which will be unveiled next month.

Last week, Maybank Investment Bank (IB) Research downgraded its outlook for the property market amid uncertainties by Putrajaya’s cooling measures.

“Sentiment towards developers should stay weak in the run-up to Budget 2014 in October 2013 and may only improve after more clarity on government policy and mega projects post Budget,” it said.

Prime Minister Datuk Seri Najib Razak had recently announced that Putrajaya will now be reviewing public projects more carefully, giving higher priority to projects with low-import content and high-multiplier effects.