Penang Turf Club- Prime Land in Penang

Penang Turf Club- Prime Land in Penang

After vanishing for almost 20 years from Penang Property Scene, Tan Sri Vincent Tan of Berjaya Group is finally back again in Penang.

Penang Turf Club

Vincent Tan has bought a 57-acre prime land near Penang Turf Club for RM459 million  which translate to about RM185 per square feet. However, it is almost not possible for you to fully utilize all the land for buidling houses, therefore the 'real' cost for this piece of land is ceratinly above RM300 per square feet.

I think Vincent Tan is planning big again in Penang and certainly if he is only building low rise condominium, Bungalow, Semi D together with low medium cost housing according to The Edge, he has no choice but to sell the future high cost houses for at least RM600-700 per square feet!!

So I think houses near Medan Lumba Kuda will appreciate soon to about RM300-500 per square feet and once the final plan of Berjaya Land is finalised, they might go even higher to RM600-700 per square feet!!

Market Plunge- What's Next??

Market Plunge- What's Next??

US Market Plunge- Global Panic??

I think the past few days was the most difficult period for a lot of investors out there. Most of my friends have many sleepless nights after the recent US market plunge.

However, I sleep pretty well although I have some US stocks which dropped almost 15% one 2 days. I always believe that when there is a crisis, there is always an opportunity. For you to sleep well at night even you hold stocks in US, Malaysia or Singapore, remember these 4 golden rules,

1) Don't buy stocks using bank margin- Use your own money and NEVER borrow to buy stocks!!
2) Don't panic, when stocks go down, they will go up eventually as long as you ARE BUYING GOOD STOCKS! Hold on and wait a while, your stocks will go up soon!
3) Diversify- buy some stocks, properties, REIT, gold/silver, when one comes down another investment will go up certainly!
4) Earn and invest and never invest to live. If you do not have a fixed income and retired, put at least 80% of money in bonds/hedge fund or else you will lose all your money if you put everything in stocks when the market is bad!

No worry when the market plunges because it provides you golden oppurtunity to hunt for cheap and valuable stocks!!

Homestay Business in Penang

Homestay Business in Penang

Georgetown, Penang

Yes, homestay business seems to be growing rapidly in Penang especially in Georgetown. Due to UNESCO status and recent influx of tourists to Penang, I forsee that hospitality business to be the next 'big money' business in Penang.

I did a bit of research on the net and I was quite shocked that even a tiny small apartment in Penang is charging RM150-RM200 per day even the location is not so good.

Yes, I am venturing into this business and I have an extra condominium unit at Batu Uban that I have converted into a small B+B with full facilities. If you drop by in Penang one day, come and visit my unit at Batu Uban.

Visit my site at http://www.eparkpenang.blogspot.com/