We are pleased to announce that we would be at Giant Bayan Baru for our October expo from the date of 28th to 31st of October 2010.
Please do drop by to check out the latest promos and offers.
Thanks and see you there~!
Thursday, October 28, 2010
Road show!
dEAR ALL,
We are pleased to announce that we would be at Giant Bayan Baru for our October expo from the date of 28th to 31st of October 2010.
Please do drop by to check out the latest promos and offers.
Thanks and see you there~!
We are pleased to announce that we would be at Giant Bayan Baru for our October expo from the date of 28th to 31st of October 2010.
Please do drop by to check out the latest promos and offers.
Thanks and see you there~!
Friday, October 22, 2010
SALES OF HIGH-END PROPERTIES STILL BRISK
By THE STAR
PETALING JAYA: High-end properties, especially condomimiums costing RM1mil and above, are still enjoying good sales backed by favourable financing, although some buyers are turning cautious in anticipation of upcoming budget measures to cool the property market.
“Currently, we do not feel there is pull back on banks in financing for high-end projects and the property overhang in this sector is not as serious as perceived,” Real Estate And Housing Developers’ Association Malaysia (Rehda) president Datuk Michael Yam told StarBizWeek.
The overhang could be in specific locations that refer mainly to strata titled properties such as condominiums in prime locations that cost RM500 per sq ft, and these comprise probably less than 5% of all properties sold in Malaysia,
Under this category, there may be some high-end properties in Mont’Kiara, KLCC and possibly, some condo projects in prime areas located in Penang and Johor.
On a possible financial crunch on developers post budget, he said: “That is left to be seen but it is likely that financial institutions would apply due diligence in giving out credit, based on track records of individual developers.”
However, Yam pointed out that this small high-end segment should not be overlooked.
“This high-value property segment can have a significant impact on economic growth. The economic stimulus vis-a-vis the Economic Transformation Programme are critical to the future vibrancy of this segment,” he said.
On the Government’s proposed deposit requirement on homebuyers to cool down property speculation, Yam said Rehda suggested that for the first and second properties, it would be better to allow the banks to assess the homebuyers’ financial position for deposit requirement on the property.
Real estate property consultant Amy Chung, who focuses on high-end condos in the Golden Triangle area in Kuala Lumpur, said more locals were buying these condos, backed by access to financing and the rental market.
“They mostly buy from foreigners, who are the first homebuyers, paying a minimum of 25% above the foreigner’s purchase price about one and a half years ago,” Chung said.
However, the situation was different during the downturn when most of the buyers were foreigners.
A property agent in the Golden Triangle agreed that the take-up rate for high-end condos was improving each year.
“But we feel it could be much better. There are still many high-end condos not sold and many of these properties are above the means of locals.”
She estimated the occupancy rates in various property projects as: K-Residence (less than 55%); Hampshire Residence (about 50%); Pavilion Tower 2 (30% to 45%); Marc Residence (70% to 75%) and Berjaya Times Square (90%).
According to Chung, high-end condos in the Golden Triangle would sell for RM850 per ft to RM1,200 per sq ft.
In Johor, developers are more worried if the ruling were to be imposed on the non-high end residential properties.
“Buyers of high-end residential properties are those with money and coming out with 30% downpayment (should the property loans be capped at 70%) is not a problem to them,” Johor Real Estate Housing Developers Association chairman Simon Heng said.
In Johor Baru, high-end properties comprised those just RM400,000 and above.
Curbs on property loans are not likely to affect Singaporean buyers because of the strong Singapore dollar.
“In fact for years, Singaporeans and foreigners taking up housing loans from local banks have only been getting 70% from the banks,” said Heng.
Berinda Properties Group sales manager Lim Sung Heng said demand for high-end houses in Johor Baru was good with many wanting to upgrade from mostly single-storey terrace houses.
From Berinda’s experience, most buyers of its high-end residential properties paid more than 10% downpayment for their houses.
Berinda’s projects in Johor Baru include Taman Molek, Molek Pine, Impian Molek, Molek Groover, Taman Redang and the houses are prices between RM500,000 and RM3mil.
He said the property market there also benefited from Iskandar Malaysia due to rising demand for high-end residential properties in southern of Johor.
In Penang, SP Setia property (North) general manager S. Rajoo said sales of high-end properties had increased in the past two to three months.
Sales of SP Setia’s residential landed properties priced between RM647,880 and RM1.4mil had registered RM102mil in sales revenue over from July to August compared with RM60.4mil three months earlier.
“The higher sales in the second half were mainly due to the introduction of the easy home ownership campaign where the buyer pays up to 3% down payment. Since the beginning of this month, sales have hit RM208mil,” he said.
The bulk of SP Setia’s sales came from its Setia Pearl Island three-storey semi-detached houses which are priced from RM1.4mil onwards and Setia Vista double-storey houses which are going from RM647,880 onwards.
IJM Land’s sales for July and August were about 40% higher than May and June.
This was due to the launch of The Light Collection 1, comprising 176 units of condominiums and water villas, priced from RM800,000 to RM2.6mil.
To date, IJM Land has sold about 60% of The Light Collection 1.
However, a Penang-based valuer said investors were now taking a cautious approach when buying residential properties priced from RM1mil onwards.
“They want to know more about the directions of the Government first before making further commitments,” he said.
Another property consultant based on the island said there was a slow-down in the high-end property segment priced between RM600,000 and RM3.5mil.
“This is due to concerns about the property market being over-heated. The forthcoming budget will have a lot of impact on the future trends of the property market,” he said.
- Malaysia Property News
PETALING JAYA: High-end properties, especially condomimiums costing RM1mil and above, are still enjoying good sales backed by favourable financing, although some buyers are turning cautious in anticipation of upcoming budget measures to cool the property market.
“Currently, we do not feel there is pull back on banks in financing for high-end projects and the property overhang in this sector is not as serious as perceived,” Real Estate And Housing Developers’ Association Malaysia (Rehda) president Datuk Michael Yam told StarBizWeek.
The overhang could be in specific locations that refer mainly to strata titled properties such as condominiums in prime locations that cost RM500 per sq ft, and these comprise probably less than 5% of all properties sold in Malaysia,
Under this category, there may be some high-end properties in Mont’Kiara, KLCC and possibly, some condo projects in prime areas located in Penang and Johor.
On a possible financial crunch on developers post budget, he said: “That is left to be seen but it is likely that financial institutions would apply due diligence in giving out credit, based on track records of individual developers.”
However, Yam pointed out that this small high-end segment should not be overlooked.
“This high-value property segment can have a significant impact on economic growth. The economic stimulus vis-a-vis the Economic Transformation Programme are critical to the future vibrancy of this segment,” he said.
On the Government’s proposed deposit requirement on homebuyers to cool down property speculation, Yam said Rehda suggested that for the first and second properties, it would be better to allow the banks to assess the homebuyers’ financial position for deposit requirement on the property.
Real estate property consultant Amy Chung, who focuses on high-end condos in the Golden Triangle area in Kuala Lumpur, said more locals were buying these condos, backed by access to financing and the rental market.
“They mostly buy from foreigners, who are the first homebuyers, paying a minimum of 25% above the foreigner’s purchase price about one and a half years ago,” Chung said.
However, the situation was different during the downturn when most of the buyers were foreigners.
A property agent in the Golden Triangle agreed that the take-up rate for high-end condos was improving each year.
“But we feel it could be much better. There are still many high-end condos not sold and many of these properties are above the means of locals.”
She estimated the occupancy rates in various property projects as: K-Residence (less than 55%); Hampshire Residence (about 50%); Pavilion Tower 2 (30% to 45%); Marc Residence (70% to 75%) and Berjaya Times Square (90%).
According to Chung, high-end condos in the Golden Triangle would sell for RM850 per ft to RM1,200 per sq ft.
In Johor, developers are more worried if the ruling were to be imposed on the non-high end residential properties.
“Buyers of high-end residential properties are those with money and coming out with 30% downpayment (should the property loans be capped at 70%) is not a problem to them,” Johor Real Estate Housing Developers Association chairman Simon Heng said.
In Johor Baru, high-end properties comprised those just RM400,000 and above.
Curbs on property loans are not likely to affect Singaporean buyers because of the strong Singapore dollar.
“In fact for years, Singaporeans and foreigners taking up housing loans from local banks have only been getting 70% from the banks,” said Heng.
Berinda Properties Group sales manager Lim Sung Heng said demand for high-end houses in Johor Baru was good with many wanting to upgrade from mostly single-storey terrace houses.
From Berinda’s experience, most buyers of its high-end residential properties paid more than 10% downpayment for their houses.
Berinda’s projects in Johor Baru include Taman Molek, Molek Pine, Impian Molek, Molek Groover, Taman Redang and the houses are prices between RM500,000 and RM3mil.
He said the property market there also benefited from Iskandar Malaysia due to rising demand for high-end residential properties in southern of Johor.
In Penang, SP Setia property (North) general manager S. Rajoo said sales of high-end properties had increased in the past two to three months.
Sales of SP Setia’s residential landed properties priced between RM647,880 and RM1.4mil had registered RM102mil in sales revenue over from July to August compared with RM60.4mil three months earlier.
“The higher sales in the second half were mainly due to the introduction of the easy home ownership campaign where the buyer pays up to 3% down payment. Since the beginning of this month, sales have hit RM208mil,” he said.
The bulk of SP Setia’s sales came from its Setia Pearl Island three-storey semi-detached houses which are priced from RM1.4mil onwards and Setia Vista double-storey houses which are going from RM647,880 onwards.
IJM Land’s sales for July and August were about 40% higher than May and June.
This was due to the launch of The Light Collection 1, comprising 176 units of condominiums and water villas, priced from RM800,000 to RM2.6mil.
To date, IJM Land has sold about 60% of The Light Collection 1.
However, a Penang-based valuer said investors were now taking a cautious approach when buying residential properties priced from RM1mil onwards.
“They want to know more about the directions of the Government first before making further commitments,” he said.
Another property consultant based on the island said there was a slow-down in the high-end property segment priced between RM600,000 and RM3.5mil.
“This is due to concerns about the property market being over-heated. The forthcoming budget will have a lot of impact on the future trends of the property market,” he said.
- Malaysia Property News
BIG PROJECTS EYE FOREIGN TENANTS
By BUSINESS TIMES
The Matrade Centre and Warisan Merdeka, two large property projects worth a combined RM20 billion, will include offices that will be marketed to multinational companies (MNCs).
“The two projects will have office towers with full-fledged upmarket facilities, even better than the Petronas Twin Towers,” Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said.
The RM15 billion Matrade Centre will be built by the Naza group. It will include an exhibition centre, residences, offices, a mall and a hotel, spanning 26ha, under a privatisation deal with the government. The 10-year project will be launched next month.
Warisan Merdeka, located within the enclave of Merdeka Stadium and Stadium Negara, will have a 100-storey tower. The project, which will start next year and be completed in 2015, is an initiative by Permodalan Nasional Bhd (PNB).
Little else is known about the project.
Raja Nong Chik said PNB has done its homework to ensure the project will be viable.
However, PNB will have to address the issue of limited road access as the project is located in a densely occupied area.
“The project is a good move by PNB, which is looking at various avenues to invest. But they must ensure that the tower is taken up as the money is coming from them.
They are answerable to their shareholders.
“PNB also has to ensure that the building is attractive so that investors don’t go to Singapore, Vietnam and India. We will lose then,” he said.
Raja Nong Chik was speaking to reporters in Kuala Lumpur yesterday after opening the 2nd International Conference on World Class Sustainable Cities 2010.
He also said that the ministry aims to launch Invest KL by early next year. It will work with the Malaysian Investment Development Authority (Mida) to encourage MNCs to set up shop here.
The minister expressed confidence that the government would achieve its target of having 200 new MNCs by 2020. Currently, there are 1,800 MNCs in the country.
“While the number is small as compared with Shanghai, which has 16,000 MNCs, and (against the) 4,000 in Singapore, we hope to surpass 2,000 in 10 years.”
Invest KL will target MNCs worldwide, especially from the Middle East, China and India.
- Malaysia Property News MATRADE and Warisan Merdeka Projects
The Matrade Centre and Warisan Merdeka, two large property projects worth a combined RM20 billion, will include offices that will be marketed to multinational companies (MNCs).
“The two projects will have office towers with full-fledged upmarket facilities, even better than the Petronas Twin Towers,” Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said.
The RM15 billion Matrade Centre will be built by the Naza group. It will include an exhibition centre, residences, offices, a mall and a hotel, spanning 26ha, under a privatisation deal with the government. The 10-year project will be launched next month.
Warisan Merdeka, located within the enclave of Merdeka Stadium and Stadium Negara, will have a 100-storey tower. The project, which will start next year and be completed in 2015, is an initiative by Permodalan Nasional Bhd (PNB).
Little else is known about the project.
Raja Nong Chik said PNB has done its homework to ensure the project will be viable.
However, PNB will have to address the issue of limited road access as the project is located in a densely occupied area.
“The project is a good move by PNB, which is looking at various avenues to invest. But they must ensure that the tower is taken up as the money is coming from them.
They are answerable to their shareholders.
“PNB also has to ensure that the building is attractive so that investors don’t go to Singapore, Vietnam and India. We will lose then,” he said.
Raja Nong Chik was speaking to reporters in Kuala Lumpur yesterday after opening the 2nd International Conference on World Class Sustainable Cities 2010.
He also said that the ministry aims to launch Invest KL by early next year. It will work with the Malaysian Investment Development Authority (Mida) to encourage MNCs to set up shop here.
The minister expressed confidence that the government would achieve its target of having 200 new MNCs by 2020. Currently, there are 1,800 MNCs in the country.
“While the number is small as compared with Shanghai, which has 16,000 MNCs, and (against the) 4,000 in Singapore, we hope to surpass 2,000 in 10 years.”
Invest KL will target MNCs worldwide, especially from the Middle East, China and India.
- Malaysia Property News MATRADE and Warisan Merdeka Projects
Saturday, October 16, 2010
Full loan for first-time house buyers!
This is good news for 1st time house buyers
First-time house buyers with a family income of less than RM3,000 per month need not pay the 10% down payment under the My First House Scheme (Skim Rumah Pertamaku).
The 10% down payment will be guaranteed by Cagamas Bhd for houses priced below RM220,000.
This will allow the first-time buyers to obtain 100% loan.
They will also be given stamp duty exemption of 50% on instruments of transfer on a house not exceeding RM350,000.
The Government also proposed a stamp duty exemption of 50% for loan agreement instruments to finance first-time purchasers.
There will also be a housing assistance programme with an allocation of RM300mil for the construction and repair of some 12,000 houses nationwide – particularly in Sabah and Sarawak.
For estate workers, the Government will help them own houses under a RM50mil housing sponsorship scheme.
The scheme is open to all Malaysian estate workers to assist them in obtaining housing loans with a maximum of RM60,000 for the purchase of low-cost houses at 4% interest, and a repayment period of up to 40 years, which can be extended to the second generation.
For government servants, the goodies include an increase in the maximum loan eligibility from RM360,000 to RM450,000 effective Jan 1.
Fomca secretary-general Muhammad Sha’ani Abdullah said these moves would help first-time purchasers get housing loans, but failed to tackle the core issue of house prices which had skyrocketed.
“A first-time buyer may get the loan to buy a house, but it may not be the type of house he wants because prices are just too high,” he said.
He added that the Government should set specifications and standards for houses under the RM220,000 price range.
“A house can be priced at RM220,000, but the specifications and the quality of the house may not be much better than a low-cost house,” he said.
Malaysian Small Holders Plantation Co-operative secretary Datuk Aliasak Ambia said the move to help estate workers to own houses was a good move.
“The co-operative provides houses for estate workers to live in while they are still working, but once they leave their jobs, they will not have any homes of their own,” he said. - by The Star
First-time house buyers with a family income of less than RM3,000 per month need not pay the 10% down payment under the My First House Scheme (Skim Rumah Pertamaku).
The 10% down payment will be guaranteed by Cagamas Bhd for houses priced below RM220,000.
This will allow the first-time buyers to obtain 100% loan.
They will also be given stamp duty exemption of 50% on instruments of transfer on a house not exceeding RM350,000.
The Government also proposed a stamp duty exemption of 50% for loan agreement instruments to finance first-time purchasers.
There will also be a housing assistance programme with an allocation of RM300mil for the construction and repair of some 12,000 houses nationwide – particularly in Sabah and Sarawak.
For estate workers, the Government will help them own houses under a RM50mil housing sponsorship scheme.
The scheme is open to all Malaysian estate workers to assist them in obtaining housing loans with a maximum of RM60,000 for the purchase of low-cost houses at 4% interest, and a repayment period of up to 40 years, which can be extended to the second generation.
For government servants, the goodies include an increase in the maximum loan eligibility from RM360,000 to RM450,000 effective Jan 1.
Fomca secretary-general Muhammad Sha’ani Abdullah said these moves would help first-time purchasers get housing loans, but failed to tackle the core issue of house prices which had skyrocketed.
“A first-time buyer may get the loan to buy a house, but it may not be the type of house he wants because prices are just too high,” he said.
He added that the Government should set specifications and standards for houses under the RM220,000 price range.
“A house can be priced at RM220,000, but the specifications and the quality of the house may not be much better than a low-cost house,” he said.
Malaysian Small Holders Plantation Co-operative secretary Datuk Aliasak Ambia said the move to help estate workers to own houses was a good move.
“The co-operative provides houses for estate workers to live in while they are still working, but once they leave their jobs, they will not have any homes of their own,” he said. - by The Star
Thursday, October 14, 2010
15th Oct 2010 - 17th Oct 2010
The project marketing team will be at another roadshow in Queensbay this weekend (15th - 17th Oct 2010) at the lower ground floor (Near to Jusco). We'll be promoting our 2 very lovely and likable project (Casa Perdana & TK Residents) and a few others. There are promotions and discounts to be given away (Limited). Want to know more? Why don't you head over and enquirer it person. Do not miss this chance to find your future home with us.
For more information please do give us a call:-
= Michael..... : 016-4207727
= Daniel....... : 016-4217121
= Luffy......... : 012-5560077
= Ryan......... : 016-4278766
= Daniel....... : 016-4217121
= Luffy......... : 012-5560077
= Ryan......... : 016-4278766
Thanks. Hope to see you all there. =)
Friday, October 1, 2010
Homogeneous Tiles vs. Ceramic Tiles
Homogeneous Tiles
With much lower water absorption rate and higher density, Homogeneous is definitely a much tougher tile compared to Ceramics tiles, and therefore more long lasting.
It's surface can be polished to make it reflective shine like those of a mirror, but the ceramic can only be glazed to make it shiny and it's not as long lasting as compare to the polished surface
The whole piece of homogeneous is made up by the same material and therefore it can be round edged at the sides, without showing a different material beneath the tile
(Ceramic tiles are made of red clay with a thin layer of "coloring" on the surface. Chamfering the edges of the tile will reveal the red base below - PVC strips will be need to cover the edges of ceramic tiles)
Homogeneous tiles are generally 30 - 50% more expensive than Ceramic tiles, although polished homogeneous of bigger size may cost much more.
Homogeneous tiles have almost become the choice for kitchen flooring and stove in Singaporean homes (although ceramics tiles are just as feasible).
In an unlikely event of breakage due to fallen object, Homogenous will not leave a big crack line and it will not show a different material/ color beneath the surface
Between these 2 materials, only Homogeneous tiles will be considered for the flooring of any commercial project, as Ceramic tiles will not be able to withstand the kind of load produced by high traffic of human flow.
Ceramic Tiles
Ceramic tiles are more common and have a wider variety of colors, tones and textures
The usual range of Ceramic tiles is inexpensive
For a tile layer, it is a material which is easier to work with, compared to Homogeneous tiles (it does not "pop" out after few years)
Casa Perdana: Malaysia Kini Video
Dear all,
We would just like to share with you a video from the recent Property Fair (Penang International Property Fair) at PISA (Penang International Sports Arena) taken from Malaysia Kini.
Hope you guys enjoy it! (For those who were there, see if you can spot yourself on the footage!) :)
Will be posting more of experience on the property fair soon! :)
We would just like to share with you a video from the recent Property Fair (Penang International Property Fair) at PISA (Penang International Sports Arena) taken from Malaysia Kini.
Hope you guys enjoy it! (For those who were there, see if you can spot yourself on the footage!) :)
Will be posting more of experience on the property fair soon! :)
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