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How to make money through property investments?

March 30th, 2017 Comments off

miichael-seminarEveryone likes to make money through property investments. Property investments have gone through a new ball game. Investors need to equipped themselves with the necessary tool to invest wisely.

Miichael has 20 years of experience in property and mortgage industry and would like to share with you the insights on how to be a wise property investor. For the last 5 years he has spoken in seminars, developers projects launch and also conducted many courses.

What are the steps should investors take when you invest in property? Miichael will share with you the right way to start your property investment journey and to avoid painful mistakes that will cost you a whole lot of money.

Highlights of Miichael’s talk

  • Going forward what will happen in 2017?
  • How to invest in turbulent times?
  • The pitfalls in property investing.
  • Strategies to use in 2017 and beyond
  • How to make sure the banks lend to you?

It is time to break away from your usual routine. Instead of working 9-5 job look for alternative way to make more money.

Let the “MONEY” works harder for you.

If you are serious to learn from Miichael he will be having a talk at

Venue: Vistana Hotel, Penang
Date: 8th April 2017
Time: 2.30 pm to 5.30 pm

Sign Up today…. Limited seats available

miichael* Miichael Yeoh has over 20 years of experience in the mortgage and property investment industry. He works with prominent companies such as Standard Chartered Bank, Hong Leong Bank, HSBC, Prudential Unit Trust and Hwang DBS Unit Trust before embarking into his own business 10 years ago. Miichael is the CEO and Founder of GM Training Academy PLT.  He has helped thousands of loan borrowers by providing comprehensive mortgage advisory and solutions.

Miichael regularly conducts mortgage and property seminars and courses for the public, developers and estate agents. He is also a regular columnist and also has being featured in newspapers and magazines.  Miichael is also the author of 2  books “Think like A Banker, Act Like A Player” and “Property Investment BLT, Size Up your return with Bank,Law,Tax”

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Categories: Property News Tags:

E&O unit starts work on Seri Tanjung Pinang phase two

March 30th, 2017 2 comments

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Eastern & Oriental Bhd’s (E&O) subsidiary Tanjung Pinang Development Sdn Bhd has acquired 100% equity interest in two shelf companies, namely, Persada Mentari Sdn Bhd and Junjung Angkasa Sdn Bhd.

Both companies were incorporated as private limited companies under the Companies Act 2016 with an issued and paid-up share capital of RM1 comprising one ordinary share.

Tanjung Pinang Development is currently working on the second phase of Seri Tanjung Pinang (STP).

STP is essentially a seafront development situated along Penang’s north-east coast and sits between George Town and the beaches of Batu Ferringhi.

The reclamation project STP2 has already begun dredging works after securing all the necessary approvals.

Aside from the reclamation of 760 acres under the project’s concession agreement, which is slated to be completed by June 2018, E&O is reclaiming a further 131 acres at its own cost along the Gurney Drive foreshore for the Penang state government.

Source: TheStar.com.my

 

Categories: Property News Tags:

The Park vs Quinton

March 29th, 2017 No comments

Population is the key driver of growth in property market. Here is a comparison between two affordable projects – highly populated area in mainland versus a less populated area in the Island.

Take a look at the comparison between the two projects below. Despite Quinton offers cheaper options in the Island, the response to The Park @ Mak Mandin has been way better as indicated from our analytic report.

The Park Quinton
Developer Silver Channel Sdn. Bhd. (Tamarins Group) Prisma Bumiraya Sdn. Bhd. (Pearl Ocean)
Location Butterworth Balik Pulau
Standard unit size 1,042 sq.ft. 775 sq.ft. – 900 sq.ft.
Price psf.* RM247 onward RM287 onward
No. of carpark 1 1
Selling Price* RM247,000 onward RM223,000 onward
Land tenure 99 years Freehold
Total units 780 383
Expected completion 2020 (estimated) 2020 (estimated)
Highest floor 14 16
5 nearest schools
  • SRJK (C) Mak Mandin (0.5km)
  • SK/SMK Mak Mandin (0.5km)
  • SJK (T) Mak Mandin (0.5km)
  • SRJK (C) Kwang Hwa(1km)
  • SMK Bagan Jaya (1.5km)
  • Titi Teras Primary School (0.2km)
  • Prince of Wales Island International School (3.5km)
  • Sacred Primary & High School (2km)
  • St. George’s School (2km)
  • Chong Teik Primary School (2km)
  • 5 nearest malls
  • Billion Supermarket (2km)
  • Econsave Raja Uda (2km)
  • *Penang Sentral Mall (5km)
  • Sunway Carnival Mall (5km)
  • Tesco Extra S.Jaya (6.5km)
  • Queensbay Mall (18km)
  • Bukit Jambul Complex (15km)
  • Sunshine Square (15.5km)
  • Giant Hypermarket (15.5km)
  • Tesco Hypermarket (20.5km)
  • Web popularity (Past 60 days) 14,300 pageviews 2,230 pageviews
    Travelling to
    (off peak)

    • Penang Bridge
    • 2nd Bridge
    • Airport
    • Komtar
    • FTZ


  • 10km (12 minutes)
  • 30km (24 minutes)
  • 29km (26 minutes)
  • 26km (24 minutes)
  • 26km (24 minutes)


  • 19km (30 minutes)
  • 21km (35 minutes)
  • 17km (26 minutes)
  • 17km (26 minutes)
  • 26km (45 minutes)
  • More about The Park @ Mak Mandin More about Quinton @ Balik Pulau

    *Based on initial soft-launch price

    Categories: Featured Articles, Property News Tags:

    Ministry mulls measures to strengthen MM2H programme

    March 27th, 2017 No comments

    EligibilityforMM2HThe Malaysia My Second Home (MM2H) programme under the Ministry of Tourism and Culture is looking to roll out several initiatives to strengthen the programme, possibly from the third quarter of 2017.

    Among them is a plan to raise the visa fee for the Social Visit Pass by 30% to meet the rising administrative cost (the current fee for the Social Visit Pass is RM90 per year). It is targeting total collections of RM7.5 million including visa fees in 2017, says Ministry of Tourism deputy secretary general (tourism) Nor Yahati Awang.

    “The collection depends on the number of approved applications. Last year, we targeted RM7 million, but we did better than our target so, this year we are targeting RM7.5 million, ” she tells TheEdgeProperty.com.

    In 2016, the Ministry achieved total collections of RM8 million including RM6.85 million in visa fees under the programme. The number of applicants approved in 2016 (up to November) was 2,333.

    “It is a positive figure for our efforts and we will not rest on our laurels. We will continue to explore and promote the programme to new potential markets,” says Nor Yahati.

    Since the programme’s establishment in 2002, the total amount of approved applications as of last November stood at 31,723.

    The highest number of approved applicants were from China (7,976), followed by Japan (4,127), Bangladesh (3,399), UK (2,361), Iran (1,331) and Singapore (1,258).

    The MM2H programme was established by the Malaysian government to allow foreigners, who fulfil certain criteria, to live in Malaysia for up to 10 years on a multiple-entry and renewable Social Visit Pass.

    MM2H is open to citizens of all countries recognised by Malaysia regardless of race, religion, gender or age and applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependents. The programme aims to tap into the pool of financially-independent expatriates whose settlement in Malaysia could contribute to the local economy.

    The Ministry also plans to raise the applicants’ financial requirements, specifically their fixed deposit amount.

    “We want to get quality and qualified candidates for the programme. Quality applicants refer to people who have extremely stable financial conditions and are clear of criminal records — meaning they will not be a threat to our country.

    “We have been in collaboration with local and international banks, the immigration department as well as the police force to scrutinise all applicants. Hence, there is no doubt about those who are approved for the MM2H programme,” she stresses.

    The Ministry also wants to attract more participants to reside in other states outside of the Klang Valley. “We do not want MM2H participants to just focus on Kuala Lumpur and Selangor only. We would also like them to look at purchasing properties in other parts of Malaysia like Penang, Malacca, Johor and East Malaysia — Sabah and Sarawak.

    “It is all a work-in-progress for us and we will work hand-in-hand with industry players to make all these happen. Our main aim is always to get more participants for this programme,” Nor Yahati adds.

    MM2H is currently being promoted through the Tourist Development Corporation offices, more fondly known as Tourism Malaysia abroad, roadshows at international property conferences, MM2H’s official portal and through strategic partners namely the Bank of China, Industrial and Commercial Bank of China and local banks in Malaysia as well as through the National MM2H Agents Association, says Nor Yahati. Tourism Malaysia has 35 offices in various parts of the world.

    However, the number of MM2H applicant approvals have been on the decline after 2013 when the programme recorded its highest number of approvals at 3,675. In 2014, the number of approvals was 3,074 — a 16.4% drop from 2013 while in 2015 there were 2,211 applications approved, 28.1% down from the previous year. MM2H declined to disclose the number of applications received.

    Nor Yahati attributes the decline to competition from neighbouring countries like Indonesia and Thailand where the property industry targeting foreign buyers is rapidly developing. The global economic slowdown and uncertainty is also a contributing factor, she says.

    “But I believe they [applicants] will be back [to Malaysia] because we stand out in terms of political stability and our multicultural society,” says Nor Yahati, adding that Malaysia was ranked in the International Living’s Annual Global Retirement Index the sixth best place to retire in 2017.

    Nor Yahati also reiterates that the objectives of MM2H are to increase economic activity and to boost the high-end property segment in Malaysia.

    “Moreover, with the minimum property purchase price for foreign buyers set at RM1 million, middle-income Malaysians who are looking to own a home will not be affected.

    “Participants of MM2H are like ambassadors for Malaysia as they will share their experience with their friends and family back in their home country. Word-of-mouth is the best promotion for the programme,” she adds.

    Source: TheEdgeProperty.com.my

     

    Categories: Property News Tags:

    E&O launches final batch of landed homes at Seri Tanjung Pinang 1

    March 24th, 2017 2 comments

    SeriTanjungPinang1Eastern and Oriental Bhd (E&O) launched its final batch of landed residential properties at Seri Tanjung Pinang 1 here, yesterday.

    The final release comprises just 35 units of terraced houses in the second phase of Ariza Seafront Terraces.

    The 2.5-storey freehold terraced houses have built-ups ranging from 3,236 sq ft to 3,526 sq ft, with prices starting from RM2.19 million. Phase one comprising 33 units was launched in 2009 and fully sold.

    The latest homes are targeted at those who are looking for an upgrade or for investment purposes, E&O senior general manager for group marketing and sales Wayne Wong told TheEdgeProperty.com.

    Wong added that the estimated total gross development value of these homes is RM90 million and the completion of the project is slated for March 2019.

    Seri Tanjung Pinang is Penang Island’s largest master planned seafront project. Developed over two phases, it features residential enclaves and a festive retail marina that bring to life the concept of living by the sea for the more than 20 nationalities residing there.

    “Ariza Courtyard Terraces was the maiden launch at Seri Tanjung Pinang in 2005. In the subsequent 12 years, the success of our homes here was evident, with residents enjoying the maturing landscape of linear gardens in place of standard back lanes that were typical of link homes.

    “E&O paid homage to the rich architectural history of Penang, by drawing inspiration from the Straits eclectic style building façades, as well as the incorporation of high ceilings and internal courtyards suited for our tropical climate,” said Wong.

    Last December, the group launched Amaris Terraces By-The-Sea terraced houses which has achieved 65% take-up to date.

    “Standard units are available from RM3.68 million. The spaciousness of these 3-storey freehold homes and the inclusion of an elevator are ideal to accommodate ‘multi-generational’ living. The total built-up areas are almost the size of Seri Tanjung Pinang’s super semi-dees and villas, ranging from 5,262 sq ft for intermediate units to 6,540 sq ft for corner units — a rare offering especially when landed homes with a prime seafront location are becoming a luxury around the world,” said Wong.

    All Amaris units have central courtyards to enhance air circulation from their sea-fronting orientation and to welcome natural light.

    “These linear lawns have proved very popular in terms of aesthetic appeal as they allow residents to enjoy the gardens safely and conveniently,” Wong added.

    Despite the market slowdown, Wong is confident that there is still demand for innovative products offering distinctive concepts, branding and delivery as well as those in niche locations.

    “Of late, Malaysians residing overseas as well as savvy investors from Singapore and Hong Kong have shown interest in E&O’s properties in Penang, underscoring the sentiment that it is time to invest in our market,” said Wong.

    “Our track record at Seri Tanjung Pinang is clearly visible to all, having in a decade, become a highly desired address on Penang Island,” Wong pointed out.

    Source: TheEdgeProperty.com.my

     

    Categories: Property News Tags: