Is Property Price Going to Crash?

Is Property Price Going to Crash?

Everyone is talking about subprime home loan crisis in US. As a Malaysian and Singaporean investor, we are concerned about our property price may go downhill as well. Anyway, althoung in Singapore, the property market is at its peak currently and almost all property types are breaking the record high in respective price.

I think that the market is overheating now and if you think that you are making a handsome profit, sell your property and at least you can sleep well for the next few months!

Make Money Online- Google Adsense

Make Money Online- Google Adsense

How would you like to launch fresh new income-producing websites each and every month? And the best part is I'm going to do the groundwork for you. All you have to do is open your door and pick up a CD from Joel Comm.

I always think that the easiest way to make money online is using Google adsense. Try this out, you might be able to get your first dollar today! I made my first 100 dollars online via Google adsense!!

KL Property 2- Crest Jalan Sultan Ismail

KL property 2- Crest Jalan Sultan Ismail


Crest Worldwide Resources Sdn Bhd expects to sell off its maiden mixed development project in Kuala Lumpur in three months as it is targeted primarily at investors as well as young executives working and living in the city.


Crest Jalan Sultan Ismail-has a very strategic location- behind Renaissance Hotel at the intersection of Jalan Ampang and Jalan Sultan Ismail.


I think it is a good investment due to its good location and prestigious address.



The RM420mil project comprises a 26-storey block of office suites, 44-storeys of serviced apartments and a six-storey podium for retail and car park. It is situated on 1.72 acres of leasehold land, which the company purchased for RM35mil in 2005.

The residential tower will house 278 units ranging from 616 to 7,593 sq ft. The apartments are priced between RM425,000 and RM5.9mil, averaging RM750 per sq ft.

The 75 office suites have built-up areas of 1,605 to 10,498 sq ft and the average selling price is RM600 per sq ft. Prices vary between RM540,000 and RM6.6mil.

ONLY in MALAYSIA??

ONLY in MALAYSIA??

Found out this site recently, not sure wheter it is true or not internet marketting can generate RM20-30k per month!! You may wnat to try out but take your own risk!!

Attention! Singaporean Bloggers!

Singaporean Bloggers 'BOLEH' too!


If you want to compare who can think of ways of making more money- either Malaysian or Singaporean? I certainly will choose both. Why? This is because majority of us are living in a competative world. We are always scratching our heads to find more means to make more money.


OK, if you are a Singaporean blogger, you may want to check out this site to get some cash from blogging.

Singapore Property 1- Helios Residences

Singapore Property 1- Helios Residences


OK, OK, most people can not afford to buy property in Singapore because the property price in Singapore is soaring. You may be shocked that even a HDB flat in Singapore can fetch a value well above market value. A lot of Singaporeans are worried, simply because you may have to spend S400k-S500k to buy a good location 5-room flat now.


Anyway, I am not interested to talk about property bubble or economics today although a lot of people anticipate property market in Singapore will cool down in 1-2 years time.


This project interests me because it is being developed by Wing Tai, Singapore. Yes, Helios Residences-The Ultimate Urban Living Experience!!




Helios Residences, boast a one-of-its-kind luxurious living comprising 140 freehold apartments. Cradled amongst lush vines in the development, complimenting the greenery in the prime and established Cairnhill enclave, you’ll find a sanctuary of bliss relaxing in the very 1st and unique Tree Top Recreation Deck that soars 4 levels above ground, hosting a series of amenities in the Entertainment Wing, Wellness Wing, Family Wing and Children’s Wing. And more……, you may stroll down towards the Garden Wing to explore the undulating ground of activities that keep your guests and family sure footedly occupied. Such a brilliant extension to your spaces at home!!

You earn more if you study more?

You earn more if you study more?

Last nite, I received an email from one of the readers of this blog asking me whether a good education equals to a better future. I am rather suprised that he asked me this question simply because I think there are so many examples out there to show you that there are only three types of rich people in this planet- you either inherit your wealth ( which only contributes to about 10-15% of rich people in th world), you win it ( by lottery, jackpot or you win a rich spouse heart) or you make it!!



However, look around you, you may find that a lot of rich people out there are not well educated, I am not saying that education is not important. Education is merely a stepping stone for you to achieve success, however, whether you will end up as a rat in your never ending 'rat race' or jump out from this game greatly depends on your will and determination.

I must admit that a lot of my friends who are not medical specialists are actually better off than me even though I was once very proud of myself being the Member of the Royal College of Physicians , United Kingdom (MRCP).

I get pathetic pay in the hospital and a few of my friends are actually getting RM20-30k a month from their clinics and bussiness.

The bottom line is- it all depends on what you want in life? Job satisfaction? money? etc....... and I want to make my point clear, you must be educated but whether you will be successful in life later greatly depends on your personality and attitude!!

SP Setia and Pearl Island, Penang

SP Setia and Pearl Island, Penang

I am going to talk about SP Setia because of two reasons here, its housing project in Penang, Pearl Island and its share.

SP setia was voted as Asian best 200 companies under a billion in Forbes 2006 report. Although its share prices have hit historical high of more than RM9.00 recently and dropped to RM 7.35 later, I still think you should put an eye on this share if you are interested to buy some shares in property sector.



About its Pearl Island project in Penang. It's an innovative development concept comprises of 3-storey terrace houses displaying modern tropical facades surrounded by lush greenery and serene landscaping. Isle of Life showcases nature-inspired architecture with breathtaking lake view and facilities. The magnificent 5-Bedroom villas are built with charming and vibrant quality. The purchase price starts from RM 600,000. It comes with two master bedrooms which emphasizes 2-generations living to preserve family unity. The Isle of Aroma is a paradise for homes nestled among lovingly tended hibiscus garden, lily flowers and fragrant flowers. Our impressive creation of Show Village, namely Isle of Palm is an exclusive and splendid area for nature lovers. Lushful trees, shrubs of pines, spruces and firs decorate the surroundings of the idyllic homes.

Make Money With Paypal?

Can Malaysians make money using Paypal?





If you are having problems withdrawing money from your Paypal account, I suggest you to read this interesting article here by Hong Kiat. Anyway, I haven't tried this technique yet. I will try it soon. If anyone of you have another method of withdrawing money from your Paypal account in Malaysia, kindly share with us~

KL Property 1- The Meritz

KL Property 1- The Meritz

If you are an investor who likes to invest in property, you may notice that for the past few years, high-end residences in KLCC vicinity have appreciated tremendously. For example, prices for 'The Binjai' by KLCC Holdings has appreciated from the initial RM1000/psf to RM2000/ psf.

Due to 'Malaysia- My Second Home' programme and relaxation of the real property gain tax by the government, I foresee the property value in KLCC vicinity has good prospect for appreciation.

If you has the gut to buy a property in KL, this project may be an interest to you. Yes, 'The Meritz' by DNP Property.

The Meritz, located within the heart of Kuala Lumpur's Golden Triangle, is the ultimate urban residence created for those who appreciate the finer things in life. All of the 110 units within this 31-storey glass-encased tower offer a panoramic view of the city's enthralling skyline, which further enhances its spacious and chic feel.Situated next to the Putra LRT KLCC station with easy access to major expressways, this luxurious development makes travelling to all parts of the city easy. It is within 3-minute walking distance to Petronas Twin Tower and the Suria KLCC shopping centre. Bintang Walk and Royal Selangor Golf Club area are just a stone's throw away.



You may be interested to know that this project is co-developed by DNP property and WingTai, Singapore. And for your information, WingTai is a big name in Singapore property scene.

Penang Property 1- E&O Property

Penang Property- "Suites at the Waterside"

For those who can afford to buy half a million to 1 million suites, I think E&O Property in Penang " Suite at the waterside" is a good investment due to strategic location.

Built around the Waterside at Seri Tanjung Pinang, the one- and two-bedroom service apartments is located on a 4.8ha site and will feature a pleasure marina, waterfront promenade, retail marketplace and a five-storey lighthouse named “The Beacon”.

The developer is offering 160 units that front the sea and surrounding areas that emulates several of the world’s renowned waterfront destinations in Australia, the Mediterranean and the United States.

Anyway I can't afford to buy and I heard mainly the buyers are from Singapore and KL!

Attention! Malaysian Bloggers

Attention! Malaysian Bloggers!

For those of you who are Malaysian bloggers, kindly check out this site and learn how to make some extra money in your blog. For Malaysians only! Malaysia Boleh!!

Langkawi Visit and Investment

Langkawi Visit and Investment

I attended a medical meeting this weekend at Langkawi, Malaysia. I was impressed with the development at the jetty there + a few new interesting tourists’ spots such as Cable Car, Dataran Helang etc. I learned from the guide that the price of a piece of land at Langkawi has increased tremendously for the past few years due to the emergence of Langkawi as a popular place for tourists from various countires.

I still remember that when I was a medical student many years ago ( about 8 years ago), there were not so many tourists there and apartments and condominiums were cheap at that time, I really regret that I did not take any afford to buy any property then.

As a successful investor especially in property, you must have the quality to foresee future development, a lot of people out there like to be followers rather than pioneers. If you want to make a big profit in property, although financial planners always tell you that you have to find hot, hot and hot spots, I think this can be unpractical in some circumstances because properties at hot spots are so expensive and you have to wait for another economic downturn before you can afford to buy. However, if you have the quality to foresee future development, you may get some cheap properties that can turn to millions of dollars in assets in 5 to 10 years time!

Decision Making in Bussiness

Decision making in business

I told you before that business is one of the fastest way to make money if you are serious about it. However, there are various factors you must always consider before embarking on any business because you can lose money if you do not plan it properly.

Due to globalization, everything has become more competitive, I even think that in future , doctors can lose their job due to advancement of biotechnology and pharmacology. To start a new business, you must consider the following,

1) Uniqueness- is your business going to be unique and special. If you are following what other people are doing, abandon your business ideas because you are unlikely to be successful!
2) Can you make money from your business idea? This is always the hardest question to answer, but as a simple rule to remember, if you get back what you invest in 5 years, go all out because it is a feasible business plan.
3) Marketing strategy- do you have a market to support your business? If you think that the market is so small, is it possible for you to expend to other countries by using internet marketing?
4) Viability- can your business still survive without you? Try to set up a business that can run on its own even without you because you can sell it in future for profit!
5) Cash flow- do you have enough cash flow to sustain your business? Generally, you need at least 6 months to get a positive cash flow in your business. Do not start a business if you do not have enough money!!

I am planning a business and I hope to make some money from it. If you have any business idea, kindly post your comment here!

Part Time Job and ' Harry Potter'

Yes, after not doing locum for the past 2 years, I did it again yesterday. Actually, I promised myself 2 years ago that I won’t trade my time again for money. I made a resolution 2 years ago that I will make some changes to my life but unfortunately I fail!!

I told you that you won’t get to any where if you continue the rat race to get money because there is no end to this journey. However, I had to do it again because I am facing the most difficult time in my life now, my wife has lost her job and I have become the sole bread winner of the family!

Actually, you may be surprised that you only get RM30-35 per hour doing locum in Malaysia. I earned RM70 yesterday after spending 2 hours in one of the clinic in Penang.

People like to do part time job to get extra income, I think it is the worst idea to get extra income sacrificing your time. I spent 1/3 of my time every day in the hospital, I come back home hoping to spend some family time with my baby and wife but I am worried too because you have to spend money wherever you go in Malaysia!! The standard of living in Malaysia is 'high' if compared to what you can get every month. Let’s look at how much a ' Harry Potter' book costs in Malaysia--------- RM69.90!! ( and you are lucky you can get this price because Tesco and Carrefour are offering this irresistible bargain, you may have to pay RM109.90 if you buy it in a normal book store!!), and look far south or east ( and west), Britons are getting this book with only 5 pounds!!



And look back in Malaysia how much a government doctor gets every month, RM3K+! Yes, three thousand Malaysian Ringgit or 500 pounds. If I work in UK, I will be happy to spend my 5 pounds to enjoy 'Harry Potter' which is only about 0.16% of my monthly salary ( if I am getting 3 thousand pounds) but in Malaysia, I have to spend 2.4% of my salary to get the special discount to enjoy ‘ Harry Potter’. Therefore, I always feel that Malaysians do not like to read not because they are not interested but simply because 'reading' is an expensive hobby in Malaysia!!

My First Baby!

My First Baby

Yes, I am a father now. My wife delivered our first baby in March 2007. I am so excited to have our first baby like most of you. However, things become more complicated to have a baby in Malaysia. You may be wondering the reason behind this. OK, let me explain this to you,


1) Child Insurance

The next day after my wife delivered the baby, you know who was the first one to call me the next hour. You are WRONG............! Not my mother or my in-laws, te person is no other than my insurance agent, she got one thousand and hundred policies to introduce to me. She told me her policy is the best in town and you can't afford to bring up your baby without this.

Frankly speaking, I hate, hate and hate agent- no matter they are property, insurance or anything. Can you imagine you pay them your hard earned money and they get the FREE tour to some exotic places that you do not even have money to go!! The worst thing is the insurance company pay thousands of dollars to have their faces appear in newspaper and still can't pay us higher return at the end of the day.

I tell you, I hate insurance company, and certainly insurance agent. You already feel the pressure after your first baby but they even give you even more pressure by telling you that you are not going to become a good father if you do not buy their policy.

I hate them!!!!

2) Child Education

I may tink that I am speaking foreign language here, to get a good tertiary education in Malaysia is difficult. I was lucky to study medicine in local university 10 years ago but if you read the paper after STPM ( Pre-university public examination in Malaysia) results are out, you are shock to find that even you get straight As in all subjects, you can't get the course you want to study in local university.

Therefore, insurnace agent comes to your house and tell you that for the best in education, my baby has to go to Australia, Canada, UK, Singapore and Us in 20 years time. The problem is do you know how much the fees like in 20 years time?? RM500K to one million provided your child does not want to become a doctor!! If you are unlucky to have an ambitious child, you may to ' cough out' ( may be with your blood together!!) RM3-4 million!!

Imagine how much a humble goverment servant can get a month?? RM 3000- 4000 per month. If I save all my money every month, I can only save RM720K after 20 years ( without spending a cent!)

Therefore, Malaysian government and some Chinese leaders in Malaysia always want to know the reason behind low birth rate among Chinese in Malaysia, the reason is simple, can you afford to have the second baby if you ccontinue to have this kind of salary!!

3) Child Healthcare Insurance

Yes, you are right, insurance again. Everything is about insurance in Malaysia, if you want to be rich here in Malaysia, you can either join politics or insurance company!! Although healthcare is free in Malaysia, you have to prepare to wait and travel! I have a patient who needs to travel to KL to get some treatments done because the service is not provided in Penang, you know what is the main problem the patient is having which makes him hesistnat to go to KL? He does not have the money to buy a bus ticket to KL!! ( You only need RM 22-25 or about US7-8 to travel from Penang to KL)

I want to bring up two issues here, a lot of services are not available in major towns in Malaysia due to severe 'brain drain' of public hospitals. The second issue here is there are a lot of very, very poor people ( you can hardly imagine the number) in this country. No matter how smart the goverment is!! ( by building the tallest building in the world , the most advanced F1 circuit or the largest court in Asia, you won't solve the problem of proverty if there is presence of favourism and discrimination)

Good luck to you, Malaysia! I love this country and I always feel that YOUwill have a better tomorrow for us and my baby.

What do you want in life?

What do you want in LIFE?

I am lucky to have the chance to go to Singapore for a course recently. I am suprised that there are so many old Singaporeans who are left by their family members and end up in the nursing home.

It is true that Singapore is considered one of the economic miracle in Asia, managed to turn to the first world country from the third in just 30 years, however, I think most Singaporeans have lost what is the most important thing in life- family and time.

We work hard everyday for our family members hoping that they can get all they want in life. I work hard everyday because I want to give the most to my wife, my son and my family members. I always think that money is everything in life. I always give my mum money every month and I am always proud of myself because I still manage to give her substantial of money every month.

Recently I told her that I am going to give her more money starting from next month because I will do more locums and I will have extra money soon. Do you know what did she say?

" Son, you may think money is everything in life, but for me, if you can come home every weekend and just spend 5 min chatting with me, I will be the happiest woman in the World!" she uttered with tears.

You have to work hard to earn money but I think you even have to work HARDER to get close to your family members and love ones!

Should I quit my job?

Should I quit my job?


I am a faithful Malaysian doctor serving in the goverment hospital for the past 6 years. Here comes the time I have to decide, should I continue to serve the country or quit my job to find greener pastures outside the public sector.

When I started this blog one year ago, many readers of this blog emailed me asking whether I am a millionaire. I told them that I am still very far away as a millionaire. That's the reason I started this blog to share experince with my readers. I am always thinking " Can I move forward if I continue to do whatever I am doing now?"


My mum told me, since there will a "BIG" pay rise in the govenment sector, why should I leave?However, after reading today Star about retirement, I am anxious and worried! Do I have a future if I keep on getting the salary I am getting right now?


Maybe I should have opted for pension scheme when I joined the goverment! There are many decisions to make at this point my life. I passed my postgraduate examination 2 years ago (MRCP) but I am still waiting for my pay rise and subspecialist training, can I still survive with my RM3000+ salary when I even cannot afford to buy a house in Penang!!



" Why don't you go for locum?" that the answer my boss gave me when I uttered my frustration to her 1 month ago. I work hard everyday, why can't the goverment rewards what I deserve! That why maybe I should quit my job and start a bussiness soon?!!

Basic Terminology (1)

Basic Terminology about Shares

Before we go to deep discussion about share market and stock ( since stock market is the hottest topic now almost everywhere in the World and even kids under 10 years old in China buy shares!!), I think it is important for us to learn some basic terminology in stock market!

Earnings per Share: The amount of profit to which each share is entitled.

Going Public: Slang for when a company is planning an IPO.

IPO: Short for Initial Public Offering. An IPO is when a company sells stock in itself for the first time.

Market Cap: The amount of money you would have to pay if you bought ever share of stock in a company. (To calculate market cap, multiply the number of shares by the price per share.) Short for Market Capitalization.

Share: A share represents an investor's ownership in a "share" of the profits, losses, and assets of a company. It is created when a business carves itself into pieces and sells them to investors in exchange for cash.

Ticker Symbol: A short group of letters that represents a particular stock (e.g., "Coca Cola" is referred to as "KO".)

Underwriter: The financial institution or investment bank that is doing all of the paperwork and orchestrating a company's IPO.

How Should You Buy Property?

Why Should You Buy Property?

I always ask myself what is the best investment in the World? Mutual fund, stock market, bussiness, property.....? I told you in my previous post that bussiness will give you the fastest return provided you don't bankrupt in the first 3 years! (Anyway, more than 90% of bussiness fail after only 1 year!)

There are a few good reasons why you should invest in property. However, there is always a risks that you may be trapped in what we call ' property bubble' that can burst anytime! You buy highly overestimated property and you work until your retirement age just to pay back your bank mortgage.

Therefore, always look for good bargain in property investment! You must always buy under market value property so that you can sell it later to get a handsome profit.

Property investment has a long-term proven record as a hedge against inflation. However, never expect that you an make profit of 20-30% after a year. Your property only will increase in value after 5-10 years. However, never hurry to sell your property because you still can get profit from renting out your property!

But the problem that most buyers have in common is " How to buy an under market value property?"I always told my friends that you can buy this type of property if and ONLY if you are not hurry to get ONE!

Try to hunt for this type of property in,

a) An Auction
b) Your neighbourhood where you know that they are unable to pay the bank loan and they have to sell the property no matter how! ( desperate buyers!!)
c) During economic downturn, never buy your property when everyone is making money from the bull market!

Always remember that your first home is not your asset, you have to get money from your property before you call call it an "ASSET"!!