A new look for khaliladis.com + UNIQLO promo

A new look for my website to make it even more user-friendly and promote interactivity.

A new look for my website to make it even more user-friendly and promote interactivity.

April has been a busy month with property talks in Penang and Singapore, a site visit to Iskandar Malaysia, a regular property column in The Malay Mail as well as being involved in UNIQLO’s AIRism campaign. I had a lot of fun meeting some of you at my talks, bringing investors around in Johor as well as being chosen as a friend of AIRism.

Looking ahead, the coming months look set to be even more exciting. Today, I am pleased to share with you that my website www.khaliladis.com has just been revamped with a new and fresh interface, new features and more interactivity. 

In July, the website will feature a live chat with members of The Investor Club.

In the same month, a lifestyle blog/e-mag will launch featuring independent reviews of lifestyle offerings in Johor, to complement the real estate content.
The aim is to provide a more complete content and interaction with the site visitors, which include followers and members.

Another good news: May 2014 will be a fun, work-filled month, including an invitation to speak at the Asia Pacific Real Estate Investment Fair in Tokyo, organised by the Ministry of Land, Infrastructure, Transport and Tourism. I am excited to be chosen to represent Singapore.

As an icing on the cake, UNIQLO will be running a special promotion this Easter weekend for their AIRism range at selected stores. The cool and airy AIRism tops will be sold at S$9.90 instead of S$14.90. Be sure to grab yours now. I know I have! Check out the promo below.
AIRism at only S$9.90 instead of $14.90 at selected UNQLO stores in Singapore. Grab it now. I know I have!

AIRism at only S$9.90 instead of $14.90 at selected UNQLO stores in Singapore. Grab it now. I know I have!

I look forward to your feedback and continuous support!

Discover AIRism with me

Follow me on my Instagram: khaliladis to see how I incorporate AIRism in my daily wear.

Follow me on my Instagram: khaliladis to see how I incorporate AIRism in my daily wear.

“I have been a fan of AIRism t-shirts since it launched in Singapore. I love how comfortable, light and soft it is. It fits me snugly that I wear it as my gym attire and running wear yet stylish enough to take me through for social occasions. As I travel a lot to give talks and conduct my business, I also use it for my inner wear underneath my jacket, shirt and pants. I can run around wearing AIRism feeling cool and composed, ready for my next property talk and my road trip for my next book. Inner wear as outer wear? UNIQLO has made it possible with AIRism” – Khalil Adis #creativeproject #fashionvsrealestate #khaliladis #nosweat#UNIQLOSGAIRism

 

SMART expo targets investors from Singapore

Singapore chosen as Asian city to kick off SMART Investment & International Property Expo 2014

The crowd at last year's SMART expo. Photo: Courtesy of SMART Expo Ltd.

The crowd at last year’s SMART expo. Photo: Courtesy of SMART Expo Ltd.

Dubbed recently as the “world’s most expensive city” by the Economist Intelligence Unit’s latest Worldwide Cost of Living survey, Singapore has been aptly chosen as the Asian city to kick off this year’s SMART Investment & International Property Expo 2014 on 29 to 30 March at Marina Bay Sands.

Cost of living and the various property curbs have made it increasingly challenging for investors from Singapore to purchase their next property.

Buoyed by the strength of the Singapore dollar against this backdrop, overseas properties have become popular among Singaporeans and investors based in Singapore.

SMART is Asia’s longest running international property & investment expo and its impeccable timing to hold it in Singapore will certainly interest Singaporeans’ and the region’s growing consumer appetite for purchasing overseas properties.

The expo will be led by international giants of the property industries such as SDB Properties (Malaysian property), Tarian Real Estate (Australian property) and Walton International (North American land investments), the best in luxury overseas properties will also be on display and for the investors picking.

Whether you’re looking to own a beachside villa in Phuket, a condo unit in Tokyo or investment property in London, the exhibition offers a unique showcase of world’s best residential developments.

Some of the highlights of the two-day expo will include key seminar topics from noted speakers in the real estate industry.

Among notable real estate personalities headlining the expo include Song Seng Wun, Executive Director & Regional Economist of CIMB Research Pte Ltd & Benjamin Goh, Vice President of CIMB Securities, Mohamed Ismail Gafoor, CEO of Propnex Realty Pte Ltd and Khalil Adis, Founder of Khalil Adis Consultancy Pte Ltd.

There will also be a panel discussion on “Top 5 Cities to Invest” featuring international experts giving their tips on which regions they would buy property.

The panel will be moderated by property journalist and consultant Khalil Adis.

Khalil Adis will be hosting the expo over the two days, moderating the panel discussion and closing the expo with his talk on Iskandar Malaysia.

Khalil Adis will be hosting the expo over the two days, moderating the panel discussion and closing the expo with his talk on Iskandar Malaysia.

“I am thrilled to be part of this year’s SMART Investment & International Property Expo. I look forward to meet the various speakers, moderate the panel discussion and close the expo,” said Adis.

There will also be great onsite deals available for the smart property investor which will include Downtown Melbourne condominiums from US$550,000, luxury apartments in Boracay, Philippines for under US$150,000, award-winning 5-star beach view residences in Bali for under US$800,000 and luxury condominium in Iskandar Malaysia for less than US$200,000.

Khalil Adis will be closing the expo on Sunday at 4pm where consumers can sign up for his investors’ club.

To register your attendance, click here

Medini trivia 2

The Meridin @ Medini by the Mah Sing Group is exempted from the Real Property Gains Tax (RPGT) and minimum purchase price of RM1 million.

The Meridin @ Medini by the Mah Sing Group is exempted from the Real Property Gains Tax (RPGT) and minimum purchase price of RM1 million.

Did you know? The tourism industry is a growing industry in Iskandar Malaysia. LEGOLAND Theme Park has surpassed its 1 million visitor arrivals as of 15 September 2013 and this is expected to increase with the opening of LEGOLAND Hotel. This presents a great opportunity to invest in hotel suites. Find out more details with data from Iskandar Regional Development Authority (IRDA) at my talk on 1 March in Petaling Jaya, Selangor. Sign up here. Light refreshments will be provided. http://eepurl.com/OzYyb

Tackling the great income divide

More help on the way for the low and middle-income families

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam delivering Budget 2014 earlier today. Photo: Screen grab from Singapore Budget 2014 live webcast.

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam delivering Budget 2014 earlier today. Photo: Screen grab from Singapore Budget 2014 live webcast.

Expect no changes to the property cooling measures, more help for the low-to middle-income families and more steps to take care of senior citizens – that is the takeaway from today’s Budget 2014 announcement by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam.

The property curbs, particularly the Total Debt Servicing Ratio (TDSR) introduced in July last year, have worked to reduce sales volumes and transactions.

It takes into account existing loans, making it even more difficult for property investors to obtain housing loans.

As a result, prices of private residential properties fell for the first time since the first quarter 2012.

According to the Urban Redevelopment Authority (URA), the Private Property Index (PPI) decreased by 0.9 percent in the fourth quarter of 2013 to reach 214.3 points.

For the whole of 2013, developers sold 14,948 units, significantly lower than the 22,197 units sold in 2012.

In the HDB market, the Resale Price Index (RPI) fell by 1.5 percent from 204.8 points in the third quarter to 201.7 points in the fourth quarter of 2013.

For the entire 2013, the RPI registered a decline of 0.6 per cent – the first annual decline since 2005.

Meanwhile, zero or low cash-over-valuations are now the norm.

Collectively, the cooling measures seem to have worked effectively to ensure property prices remain affordable for all.

A more polarised society?

Singapore has over the years, become an increasingly polarised society defined by the haves and have-nots.

In early 2000, the government introduced various immigration policies and tax incentives to attract the wealthy to make Singapore their home.

The city is currently home to Jim Rodgers and Eduardo Saverin.

The tiny city-state also has a special zone called Sentosa Cove with the tagline: “The world’s most desirable address”.

Wealthy foreigners applying to buy homes on Sentosa Cove can get fast track approval from the Singapore Land Dealings (Approval) Unit.

According to the Boston Consulting Group, the city-state boasts the highest concentration of high net worth individuals in 2012 at 16 percent.

In less than a decade, the city has become a playground for the rich.

Interestingly, during the same year, Singapore’s income inequality, also defined as the Gini coefficient, was the second highest after Hong Kong among developed economies at 0.478 points.

That, however, had eased in 2013 according to recent government data to 0.463 points.

Budget 2014 – a more caring government?

Singapore's glitzy city skyline. The city is a playground for the rich. However, it also has the second widest income gap among developed economies after Hong Kong.

Singapore’s glitzy city skyline. The city is a playground for the rich. However, it also has the second widest income gap among developed economies after Hong Kong. Photo: Shutter stock.

The measures announced by Mr Tharman earlier today seem to indicate that the government is listening to the growing voices of discontent and is prepared to do more to narrow the income gap.

In fact, it appears more help is on the way to help the less well-off.

One of the measures is a one-off GST Voucher-U-Save Special Payment this year to help low and middle-income families deal with the high cost of living in Singapore.

Those living in smaller HDB flats will also be given a helping hand in the form of housing rebates.

This means the lower income will have more cash in hand to cope with day-to-day living expenses.

Mr Tharman said around 800,000 flat dwellers are expected to benefit from the rebates.

Another reprieve the government has given is the rebates for the Service & Conservancy Charges, ranging from one to three months.

Families living in one- and two-room HDB flats will get the most help with three months worth of rebates for this year.

Meanwhile, three- and four-room households will receive two months of rebates.

There is no way to tell how poor the really poor are in Singapore as there is no clear definition on the official poverty line.

However, a recent BBC report about the poor in Singapore shows just how far some in society have been left behind despite the country’s economic success.

“In this house no one can afford to fall sick at all,” said Nurhaidah Jantan who was quoted in the report.

Mahatma Ghandi once said: “A nation’s greatness is measured by how it treats its weakest members.”

Now, that is something worth pondering on the current state Singapore is in.

This article was first published by PropertyGuru Singapore.

Medini trivia 1

The Meridin @ Medini by the Mah Sing Group is exempted from the Real Property Gains Tax (RPGT) and minimum purchase price of RM1 million.

The Meridin @ Medini by the Mah Sing Group is exempted from the Real Property Gains Tax (RPGT) and minimum purchase price of RM1 million.

Did you know? Medini is the only area in the entire Malaysia to be granted reprieve from the various property cooling measures announced in October for Budget 2014. Find out more at my exclusive talk on 1 March 2014 in Selangor. Light refreshments will be provided: http://eepurl.com/OzYyb

Garuda Indonesia picks Bintan as its regional base

Move set to give Bintan Airport economic boost and serve as a gateway to Riau

From left to right: Mr Gianto Gunara, Executive Director Gallant Venture, Skip one person, Mr Eugene Park, CEO, Gallant Venture, Mr Hj Mohd Sani, Governor Riau Islands, Mr MS Hidayat Minister of Industry, Republic of Indonesia, Mr Emirsyah Satar, CEO, Garuda Indonesia. Photo: Courtesy of Bintan Resorts International

From left to right: Mr Gianto Gunara, Executive Director Gallant Venture, Skip one person, Mr Eugene Park, CEO, Gallant Venture, Mr Hj Mohd Sani, Governor Riau Islands, Mr MS Hidayat Minister of Industry, Republic of Indonesia, Mr Emirsyah Satar, CEO, Garuda Indonesia. Photo: Courtesy of Bintan Resorts International

Bintan Island is set to get an added economic and tourism boost with the signing of a Memorandum of Understanding (MOU) on 11 February 2014 between Gallant Venture Ltd and Garuda Indonesia Tbk.

Responsible for developing the special economic zone of Bintan Resorts, Gallant Venture’s MOU with the national carrier will better connect the tourism destination with major cities in Indonesia, provide an international visitor gateway into Riau and develop Bintan as a significant aircraft maintenance centre for Garuda’s fleets and its alliance partners.

The MOU was signed by Mr Eugene Park, CEO of Gallant Venture and Mr Emirsyah Satar, CEO of Garuda Indonesia at the Singapore Airshow 2014.

According to Bintan Resorts International, the agreement between the two companies will see the development of vital air links, both locally between Bintan and the rest of Indonesia, as well as international destinations.

Under the agreement, both sides will also co-operate on a dedicated airport terminal for Garuda Indonesia to serve the carrier and its partners.

On the part of Garuda Indonesia, the national carries will promote Bintan as an international tourism destination and support to develop its connectivity both outbound and inbound.

The integrated airport terminal will connect to an adjoining ferry terminal which will handle ferry connections in the region, including BatamIsland and Singapore.

Adjoining the Airport area, will be the Bintan AerospaceIndustryPark which is within the free trade and special economic zone.

This is expected to give beneficial enhancement for commercial operations of the aviation industry.

Bintan Resorts International said with this development, Bintan Resorts is set to be even more accessible and desirable as a tourism destination and an attractive investment location for those keen on tapping into the fast expanding travel and tourism markets in the Asia Pacific region.