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

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

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

Thanks. Hope to see you all there. =)

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! :)