Shamrock Beach (Phase 3B) Brochure (Online)

Hello.!

To our dear clients from Kl, here's an online brochure that we have made for you. Hope it is comprehensive enough to give you some information on Shamrock Beach. Please do contact us for more info or if you have intention to view the show unit..

KLCC Property fair

And...were safely back in Penang for 3 days now,
Many thanks to everyone who had made the KLCC fair a success and
we hope to be there again soon to see you guys again.!

Here are some pictures of the Star's (Stylish Living 2) property fair @ KLCC!

The Stars (Stylish Living 2) Prop Fair!

Setting up the model

Our first Enquiry of the day..!

Getting ready with Big smiles!

Side picture of our booth

Ryan briefing one of our clients

Thats about it, till more next time :)

Shamrock Phase 3B Video!

Its out! Here is a video of Beautiful Shamrock Beach!
We are currently marketing the Phase 3B (Shamrock's most beautiful row)
Enjoy...!



Taken are the scenes of Beautiful Penang, from the shore line to our Show unit!
The Show unit is available for viewing and Phase 3B is now open for sale
from prices starting Rm 1.5 mil for intermediate and we have....1 corner unit left.!!

So hurry...while stocks last ! :)

Mah Sing new project Ferringhi Residence

Another upcoming project up Ferringhi hills...

Mah Sing Group Bhd will unveil its RM800mil residential project on a 61-acre site in Batu Ferringhi in the first quarter of 2011.

Group managing director and chief executive Tan Sri Leong Hoy Kum said the project to be known as Ferringhi Residence@Penang was designed to be a gated and guarded project, comprising landed properties such as semi-detached, bungalow homes and condominiums.

The semi-detached units, with built-up of 3,000 sq ft, is priced from RM1.4mil onwards, while the bungalow homes, with built-up of 4,200 sq ft, is priced from RM2.2mil.

There will also be condominiums with built-up areas of between 850 sq ft and 1,800 sq ft, priced tentatively from RM480 psf.

Most phases would enjoy commanding views of the sea, he said.

Leong added that the semi-detached homes and bungalows would have their own separate clubhouse facilities.

The condominium will have a facilities deck that will house amenities such as a swimming pool, gym and various other facilities, he added.

Leong said Batu Ferringhi, a renowned tourist belt on the island, was sought after by homeowners and investors as it was located away from the city's hustle and bustle.

Our superlink homes in Penang such as Residence@Southbay are about 90% sold and are expected to be handed over to purchasers by the first quarter of 2011. Penang is an important market for us and we want to create the same kind of excitement there that we have achieved in the Klang Valley, he said.

Mah Sing's wholly-owned subsidiary Uptrend Housing Development Sdn Bhd yesterday acquired the 61-acre freehold site in Batu Ferringhi for RM157.3mil cash or about RM59.17 psf.

The land has been converted for residential development and the group has received approval from the local authorities for the development plans of the landed properties of Ferringhi Residence@Penang, he said. - By David Tan (The Star)

Developers unfazed by new ruling

"This was taken on the Property Fair that Propertizer team participated in..."

KUALA LUMPUR: Most developers participating at the Star Property Fair 2010 are unfazed with the lower loan-to-value ratio imposed by Bank Negara early this month on buyers taking up a third loan on a new house as they believe the new ruling would not significantly impact their bottomline.

The decision to impose the new ruling is to cool down the property market and to curb speculations.

Effective from Nov 3, house buyers who have signed up for two mortgages and intend to apply for a third loan will only be eligible to get up to 70% financing of the value of the house.

The Haven Sdn Bhd personal assistant of principal Yeo Kong Meng said: As a medium to high-end developer, we have not found this new ruling to have impacted our sales so far.

We also don’t think this cap on home financing will have a severe impact on our bottomline going forward.

He said many home buyers were already placing at least 20% deposit to book the company’s properties, prior to the new ruling.

Yeoh also said 60% to 70% of the company’s customers were housebuyers, while 30% bought property for investment. Many of our house buyers have high disposable incomes; paying a higher deposit for their new property is not an issue.

Event manager K.Kalai said the company’s main property project The Haven in Ipoh would comprise of three-condo towers built next to a natural lake and had a total gross development value (GDV) of RM230mil.

Tower A is almost fully taken up and is priced at RM338 per sq ft. The price range of a unit starts from RM331,500 onwards, he said, adding that all three towers would be fully built by 2013.

Penang-based Ivory Properties Group Bhd project director Murly Manokaran said property sales had not been impacted at all by the new ruling.

We actually welcome the new ruling, he said, adding that it would ensure that banks had housebuyers who were less likely to default on their loan payments.

Sime Darby Property executive (property division) Rizal Affendy Abdul Latif concurred with the other developers that the new ruling had not impacted sales.

We have so far not experience a slow down in sales due to a higher deposit on a third house. Most housebuyers with an investment intention are prepared for a higher deposit, Rizal Affendy said, adding that Sime Darby’s strong reputation on delivering quality homes might have helped ensure sales remained strong.

We are targeting sales of about RM50mil for this fair but it will include following up with enquiries after the fair, he said, adding that the bulk of the house buyers were likely to be first or second-time home buyers.

Plenitude Heights Sdn Bhd executive (sales and marketing) Kevin Ho also concurred that the new ruling should not significantly impact the company’s sales.

The uptake of Plenitude Heights properties so far has been satisfactory despite the new ruling, he said.

Rimbunan Raya Sdn Bhd senior manager Moses Ooi Chong Seng said the company was a niche and high-end developer.

Our current project The Enclave, in Perak, is a gated exclusive boutique residential development comprising of 45 bungalows, of which there are only eight units left for sale with price tags ranging from RM1.5mil to RM3mil, Moses said, adding that sales were good despite the new ruling.

Well...what do You guys think?

Good news high-rise residence buyers

PETALING JAYA: Strata titles for properties like condominiums, apartments and flats will be issued simultaneously when buyers get their keys under a proposed amendment to the current law.

National House Buyers Association honorary secretary-general Chang Kim Loong said this was among its proposals, which had been approved by the Housing and Local Government Ministry, to be tabled in Parliament by March next year.

“This will prevent errant developers from not applying for strata titles after having received the full amount,” Chang said in an e-mail interview.

He said the Housing Development Act, Strata Title Act and several other Acts must also be amended to help housebuyers who were at a disadvantage under current legislation.

He said the association also proposed that there must be separate individual titles for landed property prior to the developer being granted a license from the Housing and Local Government Ministry.

Recently, Housing and Local Government Minister Datuk Chor Chee Heung said that his ministry was working with the Natural Resources and Environment Ministry on amendments to the Building and Common Property Act.

Chor said that it aimed to table the amendments in Parliament by March next year with the goal of detailing the boundaries, roles and responsibilities of strata title owners, property managers and developers so that the rights of home owners could be better protected.

He added that the amendments were needed because they would spell out how home owners could exercise their rights under the Act and how many votes a home owner would have if he or she owned more than one unit in a building.

Commenting on the proposal for vacant possession and strata title to be issued simultaneously, a working executive Y.H. Tee, 35, who bought a condominium in Petaling Jaya two years ago, said it was good that purchasers would officially ‘own’ their properties upon receiving the keys.

Tee said that giving strata titles to housebuyers during vacant possession could prevent cases of developers not bothering to apply for them even after the projects had been completed for many years.

By RACHAEL KAM (The Star)

Shamrock Site Pictures!

Hello,

We would just like to share some pictures of shamrock that we took over the last weekend.

The weather was great (after lil bit of drizzle earlier on tho) and we were on our way to take a few snap shots of the project site

wow, wow, wow! The view of the newly completed park!

Isn't it nice to have an exit drive way that gives you an infinite view of the sea beyond Penang's shoreline...

Phase 1 is now occupied after O.C Obtained

This couple sure was creative in their design!
2 cars..?? Not a problem at all!!

Would sure love to join them on their newly extended balcony on the roof for some coffee tho..ahhh! I just love the surrounding cool enviroment and the sea breeze during a lazy evening :)

Well, thats all for now folks...will update more stuff later! :)

Michael Cheong

Roadshow, Roadshow

Whhhooo!!
KLCC was wonderful! People there were friendly and prospects looks goodd!
Anyway, Thanks to everyone who have it a success and made it to the booth.

To those whom we have briefed the promo to, our promotion offer still stands
and we would really like to arrange for you to come visit our beautiful show unit
at Shamrock! Now you can really see how the out door bar looks like and feel the environment
that i was talking about. I bet you would really like the white sandy beaches just outside the project area!

Okayy...now back to Casa Perdana. We would be on Roadshow again this weekend (Fri - Sat) from the 26th to 29th of Nov 2010 @ ...... Carrefour!!
Yup, thats right, we will be there from 10 am - 10 pm to attend to your enquries and would be able to even bring you to our showhouse located just at the back of the mall.
Well, thats all for now...will update you guys soon!

Michael Cheong

Shamrock Beach (Phase 3B)

Dear everyone..!

We are at KLCC for the Star "Stylish Living II" Property fair!
It would be open from 11 am - 7 pm until this Sunday 21/11/2010
We would be marketing for Shamrock Beach (Phase 3B)
dubbed to be "the BEST row" in all of the project!

We are now offering very good promotions
so if your in KL, hurry to drop by Now
or in Penang, Call us now to see what we can do for you!!
(We will be uploading more HD pictures for you soon!)

Exciting, Exciting, Excitinggg!!

Alright then, enough talk,
See you all there! (& call us NOW)

= Michael..... : 016-4207727
= Daniel....... : 016-4217121
= Luffy......... : 012-5560077
= Ryan......... : 016-4278766

New Phase: Coming Soon..!!

Hello Hello,

We would be marketing a new project soon, (not so new i guess) but a familiar one.
Its a new phase and our first expo would be at KL,

Will keep you posted..!
Mike

Casa Perdana: Project now at 70%!

Hello and Dear all,

We would just like to inform you that the project is now is in the completion stage of 70%. The developer has already put up all the bricks for all units and now awaiting roof fixtures and tiling.

Walls are all up and unit structure in placing

Our show unit's row (imagine when its completed with full glass panels :) )

The developer is very confident to be able to finish the project by early next year January (or maybe sooner) so that our residence may be able to move in as soon as O.C is obtained (which is expected during the first quarter of 2011).

To all purchasers:
We would be stationed at the showhouse from Friday to Sunday (5th - 7th of October 2010) from 11 am - 5 pm.
Come view our beautiful showroom and our almost completed site!

See you there!

Michael..... : 016-4207727
Daniel....... : 016-4217121
Luffy......... : 012-5560077
Ryan......... : 016-4278766

New rule to cool property speculation

Breaking News!: Bank Negara Malaysia has put in place a rule that allows banks to lend only up to 70 per cent of the house value.



The new mortgage lending rule, which applies only to borrowers taking up a third housing loan, is meant to curb excessive investment and speculative activity in urban areas.

"While Malaysia is not experiencing a general property price bubble, targeted pre-emptive measures are appropriate to moderate the increases in property prices that are evident in select locations, arising from purchases that are speculative in nature.

"This measure is expected to moderate excessive investment and speculative activity in the residential property market and to ensure affordability of homes for genuine house buyers," Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said in her keynote address at the Financial Industry Conference in Kuala Lumpur yesterday.

She gave the assurance that financing facilities for the purchase of first and second homes would not be affected and that borrowers would still be able to obtain financing for these at the current loan-to-value ratio (LVR) applied by individual banks, based on their internal credit policies.

The new rule takes effect immediately. Banks were previously not subjected to any curbs on mortgage lending.

The Association of Banks in Malaysia (ABM), whose members comprise the country's 23 commercial banks, supported Bank Negara's move, saying that it was "timely and pre-emptive".

"While the banking sector is wholly in support of house ownership, we agree that appropriate measures should be adopted to avert unhealthy speculative activities which could lead to a property bubble," its chairman Datuk Seri Abdul Wahid Omar said in a statement yesterday.

Abdul Wahid, who is also the chief executive officer of top lender Malayan Banking Bhd (Maybank), said the move was not expected to dampen or have an adverse impact on the growth of residential property development, nor on the banks' house financing business.

The ABM and its member banks had engaged with Bank Negara on the matter prior to the latter coming out with the ruling.

A banking analyst from a foreign brokerage noted that most banks, particularly the bigger ones, already adopt strict LVR on borrowers taking up a second, and especially third, housing loan, with location also being an important factor.

As such, the analyst agreed with Abdul Wahid that the new rule was not likely to have a big impact on the banks' mortgage business.

"On a third loan, it's already quite hard to get an 80 per cent LVR now," she remarked. For a first loan, banks usually lend up to 90 per cent of the house value, or even up to 100 per cent in some cases.

The country's biggest mortgage players by market share are Public Bank Bhd, CIMB Bank Bhd and Maybank.

Property developer Mah Sing Group Bhd also does not see the new rule hurting overall sentiment of the market significantly as it comprises mainly first-time buyers and upgraders.

Neither does its group managing director Tan Sri Leong Hoy Kum see a property bubble building up as the price increases have been largely those of properties with good concepts by well-known developers and in good locations.

Zeti, in her speech, noted that residential property prices in the country had increased steadily in tandem with economic development and rising household income.

"In the more recent period, however, certain specific locations, particularly in the urban centres, have experienced faster growth, both in house prices and the number of transactions. Supporting this trend has been the increase in financing for multiple-unit purchases by a single borrower. This suggests investment activity that is of a speculative nature," she said.

Property prices in Malaysia rose 5.6 per cent in the first quarter of this year and 4.2 per cent in the second quarter, according to Bank Negara. - By Adeline Paul Raj (Business Times)

Buyers to pay more after second house

Malaysians have to fork out more money from today to buy more than two houses after Bank Negara slammed the brakes on property speculation.

The central bank announced with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70% for people buying their third or more house, meaning those wanting their third property onwards have to come out with their own cash amounting to 30% of the value of the house.

“Financing facilities for purchase of the first and second homes are not affected and borrowers will continue to be able to obtain financing for these purchases at the present prevailing LTV level applied by individual banks based on their internal credit policies,” Bank Negara said in a statement yesterday.

The central bank said at the national level, property prices had increased steadily and remained manageable compared with the historical trends but for certain hot locations, particularly around the urban areas, faster growth in prices and transactions had been seen.

“This is further supported by an increase in financing provided for multiple unit purchases by a single borrower, suggesting increasing investment activity that is of a speculative nature,” it said. - The Star

Show House Is Open This Weekend

Hey to all and good day to you.

We would like to just inform you guys out there that this weekend Friday (5th Nov 2010) - Sunday (7th Nov 2010), we'll be allocated at the show house. In other words, the show house will be open this weekend with a team ready to serve and bring you all around our site.

Please do give us a call if you are interested to view our show house and book your units. We are taking in 2 clients per-hour due to that we want to give our time and special services to those who attends. Early birds MIGHT be eligible for our special rate promotions and freebies (T&C apply). Our available time are as stated below.

Schedule for Visiting Show House

Friday : 11 (a.m.) - 5 (p.m.)

Saturday : 11 (a.m.) - 5 (p.m.)

Sunday : 11 (a.m.) - 5 (p.m.)

We advise our client(s) to bring along their cheque book(s) and the necessary documents, in order for us to pass it to our chosen qualified bankers, to see if you are eligible to purchase a unit and your loan to be approved.

For more information, please call any of the numbers below:-

Michael: 016 - 4207727

Ryan: 016 - 4278766

Luffy: 012 - 5560077

Daniel: 016 - 4217121

With Regards;

Project Marketing Team

Mortgage cap decision soon

Bank Negara Malaysia may make it harder for Malaysians to buy more than two houses as it seeks to stem speculative buying that is pushing up property prices.

Sources said the central bank would be meeting with banks next week to discuss plans for a mortgage cap whereby loans would be limited to a portion of the property value.

"The expectation is a cap of about 70-80 per cent. We think a directive will be issued to cap," said two sources with knowledge of the meeting.

Earlier, Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz said it was prepared to take pre-emptive action and that it has wide-ranging instruments to prevent a property bubble.

"We want to promote house ownership, but we want it to be done in an orderly manner and we don't want speculative activities," she told reporters on the sidelines of the Global Islamic Finance Forum in Kuala Lumpur yesterday.

She acknowledged that there may be pockets of bubbles forming in parts of Malaysia, but believes Malaysian banks are dealing with this through their own risk management process.

Areas like the Klang Valley and Penang have reported strong property demand.

In June this year, some 147 double-storey terrace houses just outside of Kuala Lumpur priced from RM1.75 million each were sold out in just five hours.

Rising property prices have been fuelled by low borrowing costs, the continuing promotions by developers and expectations of a recovering economy.

More money is also flowing into Asia from developed economies where interest rates are low as investors seek higher returns elsewhere.

But this is not unique to Malaysia. Regulators in China, Hong Kong and Singapore have imposed measures to cool their property markets.

Zeti also said that "massive" financial literacy programmes would be rolled out as a pre-emptive measure.

These would be aimed at those aged below 30 to help them better manage their finances at the start of their careers. - By Shahriman Johari (Business Times)