by Alex Tan Bok Hooi

Every time I touched down in Penang, I will find time for my favourite wantan mee stall, tucked in a little corner in Bukit Mertajam. Or had a quick bite of roast pork noodles in Kampung Benggali. Journey to these places takes longer nowadays as traffic congestion eats into your schedule. A sign of continuous development I guess.

Now you see condominiums sprouting everywhere like mushrooms in mainland , especially near the first bridge or the ferry terminal in Butterworth. During my student days condominiums are a scarcity yet nowadays its the current flavour due to the seemingly growing appetite for alternatives to landed homes. Yet condominium prices have skyrocketed not to mention landed properties in mainland, far beyond our imagination. Suddenly mainland Penang is a beacon of opportunities for development. House prices doubled in as many years and condo living is as expensive as staying in landed homes of yesteryears.

On one hand, it makes us proud that the moment has arrived – mainland Penang is riding on the crest of development.  Yet the price of development is distinctive. Traffic jams, noise pollution in the streets and higher cost of living are no longer a figment of our imagination.  As I navigate my way to the wantan mee stall, I still yearn for the days where pace of development is not at breath neck speed. Simply because when you run too fast there are some things that you need to sacrifice along the way.

When the bowl of wantan mee from the makeshift stall, which has been operating for umpteen years, finally arrives at my table after a long wait, I realize that sometimes its always better to seek some form of balance. A development that promises a better tomorrow yet upholds the fundamental needs to find balance. A balance of ying and yang.

Alex Tan Bok Hooi, a physicist turned novelist
http://www.livefree.my

A new mechanism will be introduced to ease the bank loan application process for young Malaysians to buy their first property, Prime Minister Tun Dr Mahathir Mohamad said today.

He said the current terms and conditions set by banks are too strict.

“We found that banks are too strict with housing loans and this makes it difficult for people to own a house.

“We would need to review the current process and certain mechanism will be introduced to ease the procedure,” he told reporters after chairing a Cabinet meeting here.

The Housing and Local Government Ministry will be meeting the Finance Ministry and Bank Negara Malaysia to streamline the credit rating system for first-time, low-cost buyers after the Hari Raya Aidilfitri holidays later this month.

Source: Malay Mail

Taking the final step of investing in property is a long-term financial commitment that should be thought through. To bring your dream home closer to you, EcoWorld has just introduce their Help2Own deal. You may watch the video below to find out more.

One of the key objectives of the Help2Own deal is to make it easier for buyers to own their dream home through affordable down payment, easier loan approval and flexible loan repayment. This include having to pay only 5% down payment, applying for only 70% loan from bank and the remaining 25% will be taken care by EcoWorld.

You may visit EcoWorld Galleries or call +604-227 2255 to find out more details about the Help2Own deal.

Jasmine Residence, a low density gated and guarded development by Solid Balance Sdn. Bhd. at Relau, Penang. Located off Jalan Kampung Batak, approximately 2km away from Setia SPICE Convention Centre. Nearby communities include Garden Ville Condominium, Sierra Residences, Skycube Residences and several other condominiums.

This strata development comprises one unit bungalow and 35 units of 3-storey terraces with three design types to choose from. Indicative price starts from RM1.7 million onwards.

Property Project : Jasmine Residence
Location : Relau, Penang
Property Type : Gated and guarded landed
Built-up Area: (to be confirmed)
Total Units : 36
Land Tenure: Freehold
Indicative Price: RM1,700,000 onwards
Developer: Solid Balance Sdn. Bhd.

Location Map:

* Article by Freemind Works *

Want to make some extra money without investing a lot?

There are 27 businesses that you can start with under RM1,000. For example, be a freelancer at Fiverr, offer tuition classes for subjects/ skills you are good at, and photographer at birthdays, weddings and other event.

But, not all can guarantee you 5-figure income a year.

To discover ‘How to make Extra 5 Figure Income A Year’. Click here.

The most profitable and easiest business to start with nowadays, and can make you 5 figure a year, is non-other than internet business and property investment.

Internet Business

With just a laptop and internet connection, you can start an internet business, anywhere, anytime. All you need next is just a domain name and hosting.

With the right strategy in place, you do not need your own product or your own website. You don’t even need to build a list or spend on acquiring a customer.

Not only that, the Government now wants to offer You RM25,000/month if you are in the Digital Marketing space.

And for a limited time, you can discover the loopholes of Government grants and soft loans to start your digital business and claim up to RM2 million without you spending a huge fortune.

If all this good news does not excite you, I don’t know what will 

Property Investment

Property investment is what I call the “old is gold” investment and business strategy. Property has always been the popular choice when it comes to creating, growing and preserving wealth.

And with the time and tested S.I.P Property Funnel System, anyone can start their property investment journey with just under RM1,000 and easily make 5 figure income a year.

Let me illustrate:

Using the S.I.P Property Funnel System you buy a property worth RM100,000 with just RM1,000 and make RM10,000 from just this one property. Let’s calculate the returns.

(%)ROI = RM10,000/RM1,000 x 100% = 1,000%

That is a 1,000% return!

The best part about using this method is that you still own the property and continue to collect monthly rental that gives you positive cash flow and passive income every single month.

And you rinse and repeat the same formula.

Here’s what’s amazing about this formula. It can be applied not just on property worth RM100,000 but also on property worth RM1,000,000. Do the math and the income you make here can allow you to have more options in life.

And here’s the good news – Penang Property Portal, is giving away 17 FREE tickets its readers and subscribers to the Financial Freedom Series, details as below:

Date: 9 Jun 2018 (Saturday)
Time: 9 am – 6 pm
Venue: Promenade, Persiaran Mahsuri

So do block your calendar and reserve your seat.

Again, as readers of Penang Property Talk, you get to attend this workshop for FREE (worth RM618). But only for the first 17.

As seats are limited, click here NOW to reserve your seat:

>>> https://bit.ly/2LY2Ti1

– Kaygarn Tan

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