Lowyat.NET: Latest topics by soules83

Dear Malaysia news reporters

soules83 — Wed, 02 Aug 2023 17:26:01 +0800

Dear Malaysia news reporters,

I am super annoyed with your misguided report, especially on Penang Tech sector. Please Please, stop using the over bloated R&D word when there is a new plant.

1) Penang are manufacturing centre, mostly are technology transferred and you wont see r&d

2) If you not sure what is r&d, please stop using it to glorify factory and misguide new graduate job expectations.

3) Penang only have design house but mostly on application level design and its not r&d.

thank you and please stop misguide the public

After pay off house loan, How to do the transfer?

soules83 — Fri, 19 Mar 2021 23:26:55 +0800

Hi Humans,

After pay off housing loan, How to do the transfer? Need to hire a lawyer for that?

HR leaking personal information

soules83 — Fri, 15 Jan 2021 14:22:51 +0800

Why I'm writing this? Yes to slap HR face on personal information protection issue and privacy issue related bad practice in Malaysia.

I notice this for quite some times where top management always notice you have plan leaving the company.

1. you apply for job
2. recruiter HR contact your existing HR company to validated your employment validation.
3. your existing HR disclose the information to your management that you are on job hunting mode.

This is even ethical? Shocking to learn about those, no wonder top management will come after us when we go on job hunting mode.

How to invest in India stock?

soules83 — Thu, 27 Aug 2020 21:42:54 +0800

Hi Guys,

I not sure how to invest in India stock (NSE India). So far I don't see any malaysia stock trade option having NSE india...

Please advice.

CP115w printer repair shop location Penang

soules83 — Tue, 03 Mar 2020 10:02:37 +0800

Hi Guys,

I need help, where can I find penang printer repair shop which can help fix my XEROX CP115w laser printer?

My printer already out of warranty.

myphd and mymaster on hold?

soules83 — Fri, 13 Sep 2019 07:44:49 +0800

I heard myphd and mymaster on hold? was that for true? If yes, any idea is there any other alternative scholarship?

Win for developer loss for investor

soules83 — Wed, 31 Jul 2019 13:31:00 +0800

THE Penang property market, over the short to medium term, is expected to be challenging as a result of strong incoming supply of new units.

At the end of 2018, the incoming supply of housing rose to 49,543 units versus 44,046 units in 2017, an increase of 12.5%.

The National Information Property Centre (Napic) defines incoming supply as projects currently undergoing construction.

Rehda Penang chairman Datuk Toh Chin Leong says 40% to 50% of the incoming units have already been sold, which makes the incoming supply less alarming.

Developers would usually start construction only when they have sold 40% to 50% of the project, says Toh.

“However, we must remember that there are also those units classified under the planned supply category. These are projects with building plan approvals but have yet to commence work,” he says.

There are three main stages of development:

> Existing inventory, or completed units,

> Incoming supply which refers to those being constructed, and

> Planned supply, which have yet to commence construction.

“Developers with the financial muscle to delay construction will probably not launch the project until market conditions improve. Those who have already paid hefty infrastructure and development charges to the local government will not hesitate to launch,” he adds.

According to Napic, there are 23,422 units being planned. These units should enter the market in the near future and will add to the the incoming supply figure.

“The annual residential transactions in Penang hover around 10,000 to 12,000 units. In 2018, there were 12,551 residential property transactions with a value of RM5.47bil.

“Assuming consumption stays constant at around 10,000 to 12,000 per annum, it will take about three years to absorb the remaining 40% to 50% of the incoming supply which are currently under construction. This has not taken into consideration the 23,422 units being planned,” he says.

The good news is that Penang’s unsold housing has decreased to 3,502 units in 2018 from 3,916 units in 2017.

According to Napic, Penang ranks fifth in Malaysia with an overhang of 3,716 units worth RM3.39bil, comprising residential, commercial, and industrial properties, after Johor (16,031 units), Selangor (7,110 units), Perak (5,793 units), and the Federal Territories (4,876 units).

Toh says the overhang has put a brake on rapidly escalating prices.

“We can expect Penang property prices to remain stable in the years to come. Due to the choice for properties in the market, the pricing of the incoming supply will be very competitive.

“Property developers with a large land bank will be able to deliver a variety of creatively designed properties within integrated schemes to suit the needs of the market. Bank interest rates, however, will need to be maintained at a low level to stimulate interest,” he says.

Meanwhile, MNP Auctioneers managing director Stephen Soon says the number of properties auctioned by banks in Penang has dropped this year.

“Banks prefer to recover the default loans by negotiating with the borrowers. Banks will usually withdraw the auction notices after loan defaulters come forward to negotiate for a settlement.

“In 2017 and 2018, an established local bank will probably auction 10 to 20 Penang properties that do not have strata titles in a month, or about 100 units a year. Since January 2019, the figure has dropped by about 50%,” Soon says.

Raine & Horne Malaysia senior partner Michael Geh also concurs that the short and medium-term prospects appear challenging.

“The excess supply has prompted residential property prices to slide over the past three years. Our research shows that the contraction is about 2% per annum,” Geh says.

In the south-west district, a condominium priced at around RM620,000 in 2016, is now selling for about RM582,000 in the sub-sale market.

“Over a three-year period, the contraction is more than 6%, or around 2% annually. However, we believe the decline would have been more if not for the cash incentives developers are offering to buyers.

“Many developers advertised such schemes to promote sales. Sales packaged with cash incentives distort the market,” Geh says.

“We believe the Penang Transport Master Plan with the LRT and other expressways will enhance the connectivity on the island and boost the demand and retail space,” he adds.

According to the Penang Master Builders & Building Materials Dealers Association (PMBBMDA), the Penang South Reclamation (PSR) projects to create three man-made islands are likely to generate about RM60bil worth of construction and renovation work over a 20-year period.

PMBBMDA adviser Datuk Lim Kai Seng says this is based on the sales of the reclaimed land at about RM200 per sq ft and on the utilisation of 70% to 75% of the land for development.

“Based on these figures, the gross development value of the projects on the three islands would be around RM100bil, of which about 40% will be for construction and 20% for renovation.

“This would mean the PSR development scheme will generate about RM3bil a year over a 20-year period. This is good news for Penang’s construction industry,” he says.

On the 23,000 units with building approvals but have yet to be tendered to contractors, he says given the soft market, it is unlikely all the projects with building approvals will be launched.

“We expect a certain percentage of the projects with building approvals to be delayed. For this reason, the implementation of the PSR scheme is important to stimulate the local construction industry, which is a key driver of the local economy.

“Our association comprises not just contractors but also raw building material suppliers, who will also benefit from the healthy local construction industry. Engineers, architects and surveyors will similarly benefit,” he says.

Mah Sing Group Bhd chief operating officer Everlyn Khaw says it is impossible to draw conclusions on future demand based on incoming supply data. “There are other factors contributing to the take-up rate,” Khaw says.

is CCRIS account free?

soules83 — Wed, 31 Jul 2019 08:49:42 +0800

is CCRIS account free? How to open CCRIS account?

Solutions to baby bust founded!

soules83 — Fri, 26 Jul 2019 22:41:45 +0800

I discover the rules to reverse the problem of Malaysia year 2030 aging society!!!
Using any school or media or movies to enforce value of having a family to kids! Especially to girls! All those reason out there are just excuse because other value is greater than the value of having a family!

This will enforce all women to automatically values the enjoyment of having babies!

who incharge road clean after flood?

soules83 — Wed, 24 Jul 2019 08:05:41 +0800

who incharge road clean after flood? My apartment inside road need some cleanup .

How much it cost for water supply bypass?

soules83 — Sun, 21 Jul 2019 11:41:29 +0800

How much it cost for water supply bypass? Plumber claim got underwater leak, possible due to supply pipe from water meter into house leak because house don't have leak sign.

If bypass just from the water meter to the roof of the house. RM1.5k? Reasonable?

Pollute the air and try to patch it?Make sense?

soules83 — Fri, 19 Jul 2019 14:11:36 +0800

It just don't make sense! We pollute the air using car and factory but we produce air purifier to clean the air we pollute. It reminds of the lorax movie, where selling air = air purifier!

https://www.youtube.com/watch?v=cZ5lYOos6Ic

autoroadtax.com.my scam

soules83 — Mon, 08 Jul 2019 12:49:12 +0800

autoroadtax.com.my cost more! BEWARE of this website, they charge more! For example, a perodua bezz insurance + road tax is RM8xx if you do it at any car shop. this site will cost you over RM1k!!

Good zurich insurance car knock company in penang

soules83 — Sat, 29 Jun 2019 11:34:52 +0800

Hi,

I just signup Zurich takaful car insurance. I heard a few car repair company are scammer and worse is their repair job is lame. Any good Zurich panel car repair company for recommend around penang Island?

Thanks!

Best Rate Online auto insurance renewal

soules83 — Thu, 27 Jun 2019 13:04:42 +0800

Anyone know the cheapest online auto insurance renewal place?

So far I know is:
Myeg
https://www.autoroadtax.com.my/

Another brain drain, Good job Malaysia!

soules83 — Wed, 26 Jun 2019 08:45:41 +0800

Another talent leaving Malaysia

https://www.thestar.com.my/news/nation/2019...nge-in-britain/

Get really for tough time, don't flip property

soules83 — Tue, 18 Jun 2019 13:21:39 +0800

Tough time is here guys. Get ready for real!

https://www.thestartv.com/v/brace-for-tough...arns-malaysians

Why ppl refer to buy new house?

soules83 — Wed, 12 Jun 2019 18:15:24 +0800

Hi Guys,

I notice a lot of ppl prefer to buy new house from developer rather than 2nd hand market. Don't you think its a crisis for property investor?

The reason are:
1. Developer warranty is available for new house
2. Reduce renovation cost
3. Waived GST, lawyer fee and more
4. Affordable due to cash rebate for upfront fee

And the disadvantage of second hand house are:
1. High renovation and repair cost. Usually the seller and the agent won't let you know what problem the second hand house have.
2. High upfront fee
3. No Warranty, if the seller or agent cheated you. You are done once the deposit is paided
4. GST and lawyer fee incurred.

From what I see above, I cannot see its a good thing to invest in property.

What do you think? And how can we remedy the problem with second hand house?

High rise fund income generation

soules83 — Wed, 12 Jun 2019 10:30:30 +0800

Hi Guys,

My High rise unit management fund is running low. Any alternative way to generate income to maintain the unit?

How to check is your personal detail been misuse?

soules83 — Sat, 18 May 2019 18:19:23 +0800

How to check is your personal detail been misuse?
For example used for personal loan, credit card application other stuff. I notice its too easy to get those application approved if they gain access to your personal details like epf slip, salary slip, ic photocopy and etc, most likely leaked by bankers or other personal.

Anyway to check?