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Thursday, July 9, 2009
Wednesday, July 8, 2009
Pavillion Residences For Sale And Rent
PAVILLION RESIDENCES
Your Six Star lifestyle epitomised by two elegant high-rise towers of 368 luxurious residences set admidst a Sky Garden.
Proudly part of PAVILION KUALA LUMPUR,the 12-acre, residential-retail-hotel-office development at Bukit Bintang, in the heart of the Golden Triangle. The Pavillion Residences awaits your personal impression.
At Pavillion Residences you are papered from the moment you step into the grand lobby and are welcomed by the concierge. Wrap yourself in the serenity of the Sky Garden, a calm oasis where you can indulge in swimming, tennis and a dip in the jacuzzi. Stay energised atthe gymnasium and aerobics studio, or find your zen at the sunken yoga courtyard. For the little ones, there is a wading pool and ample space to play in safety.
| Location : | Jalan Bukit Bintang |
| Tenure : | LEASEHOLD SERVICE RESIDENCE |
| Total Units : | 368 UNITS |
| Completion : | Completed 2Q 2009 |
| Price (Sale): | from RM1200psf onwards |
| Rental: | RM6,000 onwards |
| Built-Up : | 1,234sf-7,174sf |
| Available units : | For SALE,
For inquiry please email us for details cklee@megaharta.com. Click here for more photo and floor plan --> Floor Plans |
Location Map :
Friday, March 27, 2009
AVARE - Floor Plan, Site Plan & Units for sales
THE AVARE. 2012 HOT PRICES
Hi Occupancy rate - above 80%
All Units with KLCC View
Price from RM3,030,000 (RM798psf!!!)
Hi Floor Fr RM3,500,000
Call 012-337 8878 for viewing
Awarded CNBC Asia Pacific Award for Best High Rise Category
- Exclusivity & privacy
- Only 2 units per floor.
- High - 41 storey, 78 units.
- Modern and contemporary feel to façade and interior.
The 6-Star Living in KLCC.
A super luxury home that stands tall and elegant in the heart Kuala Lumpur City Centre, fully claded with glass curtain wall complemented by panoramic views of the iconic Petronas Twin Towers, KLCC Park and the capital city's charismatic skyline, from the living, dining area, master bedroom and also master bath!!
Email cklee@megaharta.com. for best price !!
The Avare captivates with immaculate finishes throughout the building, uncompromising in standard and exceptional in quality.
* Low-E glass curtain wall
* Importered designr bath fittings, locksets, switches & finishing
* Fully equipped social kitchen
* Central chilled water air-conditioning
* State-of-the-art security systems
* Broadband access
* 3 covered car park spaces to a unit
* 3.5m floor to floor height
* Large net built-up area from 3,800 sq ft to 7,600 sq ft (Penthouses)
Elegant Lifestyle ! Treat yourself to the best servce you deserve.
* Personal Limousine Service
* Secretarial Services
* Residential Butler
* 24-hour Concierge
* Resident's Lounge & Gym
* Deluxe outdoor pool
Strategically located in a sought after residential address.
Site Plan :
The Meritz
The Epitome of modern living, Just Completed, Excellent Finishing! Check Out the photo
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.
Spending a day at home will be a pleasure with the facilities available at The Meritz. These include a 25-metre lap swimming pool, jacuzzi, sauna, gymnasium and barbeque area. There is also an indoor children's playroom and an external playground to keep the young and playful entertained at all times.
| Location : | Jalan Mayang (opposite KLCC Suria) |
| Tenure : | FREEHOLD |
| Total Units : | 94 UNITS |
| Completion : | Newly completed Apr 2008 |
| Price (Sale): | from RM1,350psf onwards |
| Rental: | RM8 psf |
| Built-Up : | 1076sf - 1529sf (typical unit) |
| Available units : | Completed Mid 2008, for SALE, Latest More than 30% Marked down price
|
Location Map :
Thursday, March 26, 2009
Bintang Goldhill
Bintang Goldhilll is a uniquely designed residential complex with 1, 2, 3 and 4-bedroom fully furnished units ranging from 775 to 2,971 square feet. Facilities include a hydrotherapy pool, gym, steam bath and a barbeque pit on its rooftop.
Boasting an uninterrupted view of the Royal Selangor Golf Club, Bintang Goldhill shares the neighborhood with Prince Court Medical Center, Gleneagles Intan Medical Centre and embassies such as the American Embassy, French Embassy & British High Commission. Your home is also close to schools such as the International School of Kuala Lumpur and the Garden International Primary School, as well as hotels like JW Marriott, Ritz-Carlton, Westin and Mandarin Oriental.
| Location : | Jalan Tun Razak |
| Tenure : | FREEHOLD |
| Total Units : | 170 UNITS |
| Completion : | Completed 1Q 2009 |
| Price (Sale): | from RM750psf onwards |
| Rental: | RM3,000 onwards |
| Built-Up : | 775sf-2917sf |
| Available units : | For SALE,
cklee@megaharta.com. |
Location Map :
Sunday, March 22, 2009
Idaman Residences Guareentee 7% return for 2 years
Idaman Residence
Investors alert!! Great investment strategy, buy at value buy prices (Fr RM950psf) with hassle and worry free, guareenteed 7% return for 2 years, and reap the capital appreciation after market recover 2 years later. Limited units available, act fast!!
Our Agency - Megaharta Real Estate Sdn Bhd is now the sole in house agent for Idaman Residence, many choices for rental and sales. Call us now for viewing anytime everyday from 10:00am till 6:00pm. Fire Sales Very High Floor unit only RM1,000,000. Agents welcome for co-broking
An Oasis right in the heart of Kuala Lumpur's throbbing and vibrant Golden Triangle. Idaman Residence Created exclusively for the discerning and select few, here is the realisation of long harboured aspirations to bring truly world-class condominium living to those who wish to be close to the city's nightlife yet be quietly and securely ensconced in lush greens complete with water bound spa-like surroundings, Prestige truly can't be better placed...
Accessibility
* 2 minute's stroll to the Philharmonic
* 3 minutes amble to the eatries
* 5 minutes walk to high fashion
For inquiry please call or email us at cklee@megaharta.com.
| Location : | off Jalan P. Ramlee |
| Tenure : | FREEHOLD |
| Total Units : | 250 UNITS |
| Age of Building : | Feb 2009 |
| Price (Sale): | latest price from RM950psf onwards |
| Rental: | From RM4800 up |
| Built-Up : | 877sf - 2170sf |
| Available units : | FOR SALE,
|
Tuesday, March 17, 2009
Property News
Saturday, March 7, 2009
Property market the first to be hit by downturn and the last to recover
Malaysia’s property market is set to enter tougher months ahead, as the negative sentiment from global real estate market hits the nation’s shore.
That is the overall view shared by industry players at the recently-held Rahim & Co seminar 2009.
The one-day event covered a wide range of topics on the domestic economy and property market and included prominent speakers such as economists, former government servants, valuers and property consultants.
Malaysian Institute of Economic Research (MIER) projects Malaysia will have 50% chance of full-year recession this year and is quite certain that the country will dip into technical recession in the first half of this year.
MIER executive director Prof Datuk Mohamed Ariff Abdul Kareem expects the domestic economy to return to normalcy only in two to five years.
He opines the world may witness further economy deterioration, as he sees more companies will collapse within six months times.
He says that typically the property market is the first to feel the strain during an economic crisis and, unfortunately, the last to recover.
Prices trending downwards
As an open economy, Malaysia is not spared from the global financial crisis as well as property market meltdown. Since late last year, the domestic property market has started to show signs of weakening.
Rahim & Co executive chairman Datuk Abdul Rahim Rahman says Kuala Lumpur City Centre’s (KLCC) high-end condominium is heading towards a 15%-20% price depreciation in two to three months.
He says buyers are looking for more realistic pricing, reflecting the current conditions. In a worst-case scenario, he is projecting up to 30% drop in prices over that period.
Average price stands at RM1,500 per sq ft in KLCC presently. In other suburbs such as Bangsar, Damansara Heights and Cheras, he predicts a 10%-15% decline.
Abdul Rahim tells StarBizWeek that rental of office space in KL should not be affected at least until the end of the year but he expects prices to come down after that.
“If I am in the KLCC area, I want to save a little bit of money due to the downturn. I will downgrade my office, which I will reduce from RM8 to RM6 per sq ft. So, the KLCC landlord may have no choice but to reduce by 10% to 15% (to prevent the tenant moving out). But at this time, the rental rates are maintained,” he elaborates.
There will be additional 8 million sq ft of office floor in KL by 2011 or 2012. Currently, the rental rates at KLCC and the KL vicinity are between RM6 and RM8 per sq ft and between RM4 and RM6 per sq ft respectively.
Retail scene
On the retail sector, he says Malaysia is fortunate as there are not many retail centres being planned now or coming on stream. Thus, he says retail space is mostly occupied and rental rates have been maintained. However, he points out that the segment may witness a downtrend should the unemployment rate rise.
Abdul Rahim says the commercial sector is least affected now, but in the long-term, affordable housing will be the least affected by the crisis, as people still need a house to stay in.
Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon advises developers not to be unduly concerned about the external factors such as interest rates and global economy but instead concentrate on their branding.
No matter what the economic cycle is, there are always buyers out there, he says, citing SP Setia Bhd’s recent RM300mil sales which it had chalked up in less than two months largely owing to its financing package promotion.
He concurs with most of the consultants that KLCC high-end properties are seeing a correction now.
“I saw this notice on the sale of a KLCC Marc Residence – “Financial crisis, desperate seller, asking price RM960 per sq ft”, but assuming he sold at RM900 or RM850 per sq ft, he still makes profits if he had bought from the developer for RM650 per sq ft. But the ones who bought at RM1,000 per sq ft and sold at RM800 per sq ft, will be making losses,” he says.
However, he notes that the number of such transactions are few and far between and that the real picture will be revealed by the National Properties Information Centre in a report scheduled to be released in April this year.
The United States’ economy is the backbone of world economic stability.
As such, consumer confidence of the property market will only be restored once the US stabilises.
“The US is in recession but once it stabilises, it will be good news,” says Ho.
Meanwhile, Real Estate and Housing Developers’ Association Malaysia president Datuk Ng Seing Liong concurs that the current world economic crisis will certainly affect the property market.
He expects the sector to trend downwards by 5% to 10% this year.
“There will be definitely a drop in terms of demand and prices but the situation in the country is still under control,” he tells StarBizWeek.
Good time to buy
Ng says this is a good time to buy houses as property is always a good investment.
“We hope that the next stimulus package will bring some goodies to this sector to spur sales and generate economic growth,” he says.
International Real Estate Federation Asia Pacific executive director Yu Kee Su says generally, the prospects of the property market is not so bright but compared to other countries, it is holding steady in terms of pricing.
“Certain areas like Bandar Utama for example is still stable and there has been no drop in prices,” he says.
He feels many developers will scale down their launches as he expects the slowdown to last up until 2010.
By The Star (by K.C.Law & Edy Sarif)
Property market the first to be hit by downturn and the last to recover
Malaysia’s property market is set to enter tougher months ahead, as the negative sentiment from global real estate market hits the nation’s shore.
That is the overall view shared by industry players at the recently-held Rahim & Co seminar 2009.
The one-day event covered a wide range of topics on the domestic economy and property market and included prominent speakers such as economists, former government servants, valuers and property consultants.
Malaysian Institute of Economic Research (MIER) projects Malaysia will have 50% chance of full-year recession this year and is quite certain that the country will dip into technical recession in the first half of this year.
MIER executive director Prof Datuk Mohamed Ariff Abdul Kareem expects the domestic economy to return to normalcy only in two to five years.
He opines the world may witness further economy deterioration, as he sees more companies will collapse within six months times.
He says that typically the property market is the first to feel the strain during an economic crisis and, unfortunately, the last to recover.
Prices trending downwards
As an open economy, Malaysia is not spared from the global financial crisis as well as property market meltdown. Since late last year, the domestic property market has started to show signs of weakening.
Rahim & Co executive chairman Datuk Abdul Rahim Rahman says Kuala Lumpur City Centre’s (KLCC) high-end condominium is heading towards a 15%-20% price depreciation in two to three months.
He says buyers are looking for more realistic pricing, reflecting the current conditions. In a worst-case scenario, he is projecting up to 30% drop in prices over that period.
Average price stands at RM1,500 per sq ft in KLCC presently. In other suburbs such as Bangsar, Damansara Heights and Cheras, he predicts a 10%-15% decline.
Abdul Rahim tells StarBizWeek that rental of office space in KL should not be affected at least until the end of the year but he expects prices to come down after that.
“If I am in the KLCC area, I want to save a little bit of money due to the downturn. I will downgrade my office, which I will reduce from RM8 to RM6 per sq ft. So, the KLCC landlord may have no choice but to reduce by 10% to 15% (to prevent the tenant moving out). But at this time, the rental rates are maintained,” he elaborates.
There will be additional 8 million sq ft of office floor in KL by 2011 or 2012. Currently, the rental rates at KLCC and the KL vicinity are between RM6 and RM8 per sq ft and between RM4 and RM6 per sq ft respectively.
Retail scene
On the retail sector, he says Malaysia is fortunate as there are not many retail centres being planned now or coming on stream. Thus, he says retail space is mostly occupied and rental rates have been maintained. However, he points out that the segment may witness a downtrend should the unemployment rate rise.
Abdul Rahim says the commercial sector is least affected now, but in the long-term, affordable housing will be the least affected by the crisis, as people still need a house to stay in.
Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon advises developers not to be unduly concerned about the external factors such as interest rates and global economy but instead concentrate on their branding.
No matter what the economic cycle is, there are always buyers out there, he says, citing SP Setia Bhd’s recent RM300mil sales which it had chalked up in less than two months largely owing to its financing package promotion.
He concurs with most of the consultants that KLCC high-end properties are seeing a correction now.
“I saw this notice on the sale of a KLCC Marc Residence – “Financial crisis, desperate seller, asking price RM960 per sq ft”, but assuming he sold at RM900 or RM850 per sq ft, he still makes profits if he had bought from the developer for RM650 per sq ft. But the ones who bought at RM1,000 per sq ft and sold at RM800 per sq ft, will be making losses,” he says.
However, he notes that the number of such transactions are few and far between and that the real picture will be revealed by the National Properties Information Centre in a report scheduled to be released in April this year.
The United States’ economy is the backbone of world economic stability.
As such, consumer confidence of the property market will only be restored once the US stabilises.
“The US is in recession but once it stabilises, it will be good news,” says Ho.
Meanwhile, Real Estate and Housing Developers’ Association Malaysia president Datuk Ng Seing Liong concurs that the current world economic crisis will certainly affect the property market.
He expects the sector to trend downwards by 5% to 10% this year.
“There will be definitely a drop in terms of demand and prices but the situation in the country is still under control,” he tells StarBizWeek.
Good time to buy
Ng says this is a good time to buy houses as property is always a good investment.
“We hope that the next stimulus package will bring some goodies to this sector to spur sales and generate economic growth,” he says.
International Real Estate Federation Asia Pacific executive director Yu Kee Su says generally, the prospects of the property market is not so bright but compared to other countries, it is holding steady in terms of pricing.
“Certain areas like Bandar Utama for example is still stable and there has been no drop in prices,” he says.
He feels many developers will scale down their launches as he expects the slowdown to last up until 2010.
By The Star (by K.C.Law & Edy Sarif)
KLCC Property News, March 2009
Will this help to boost up the KLCC market?
Be bold and courages, buys when everyone sell, sells when everyone buy,
this one interesting ... BUILD when everyone hesitate to.
I have spoken to some developers with loads of cash and not burden by the current economic situation, commented this : " Now , it is the best time to build, low labour cost, low building cost."
But I'm truly impressed that they will have all unit SOLD at the high price tag despite of current soft market situation.
Check this out ....
Tallest Four Seasons coming up in KL
Friday, March 13, 2009
TWO tycoons and a royalty will go ahead and build the RM2.5 billion Four Seasons Place in Kuala Lumpur although a global economic crisis threatens to hurt demand for expensive hotels and apartments.
The much awaited property, located next to the Petronas Twin Towers, will be ready in 2012, says its developer Tan Sri Syed Yusof Syed Nasir.
It comprises a hotel, apartments and a mall, and will be the world's tallest Four Seasons development.
Four Seasons Place is being built by Venus Assets Sdn Bhd, a firm controlled by Ipoh-born tycoon Ong Beng Seng, Syed Yusof and the Sultan of Selangor.
"We are committed to the project even during the downturn as it has a huge multiplier effect," Venus Assets chairman Syed Yusof told Business Times in a rare interview.
It expects to hire contractors for the building in the third quarter of the year.
Venus Assets bought the prime 1.05ha site for RM90 million in 2003 from the estate of the late Khoo Teck Puat, the former major shareholder of Standard Chartered plc, a British bank.
"We received the development order (last December) and we are now evaluating various proposals from the contractors to do the job. We have completed piling works, he said.
Piling work for the building, located between Wisma Central and Menara Maxis, started in 2007, two years after the project was announced.
"There was a pause in the project only because we were redesigning the building in terms of positioning and the composition.
"Previously, the Four Seasons was supposed to encompass two towers, but now it will all be a single 65-storey tower," Syed Yusof said.
The redesigning meant a new proposal had to be submitted to the authorities for approvals and it took time to obtain the green light.
The building, described as futuristic and sleek, will complement the Twin Towers and enhance the Kuala Lumpur skyline.
"We have included a 150,000 sq ft of retail component into the tower. The hotel will have 250 keys of which 150 are hotel rooms and 100 serviced apartments.
"There will also be 140 units of apartments which will be sold," Syed Yusof said.
The entire component will be ready simultaneously and will be managed by Four Seasons.
The apartments, which start from 3,000 sq ft per unit, will be sold for about RM2,500 per sq ft.
"The cost of construction for all components including land and interior design is RM1.4 billion and the estimated gross development value of the project is RM2.5 billion," Syed Yusof said.
When asked what kind of average room rate the hotel may fetch when ready, he said, "Four Seasons is a rate leader with rates which are usually 20 per cent to 30 per cent higher that the existing rate leaders," he said.
The rate leader in Kuala Lumpur City Centre currently garners between RM600 to RM700 in ARR. This means that Four Seasons may lift the bar to between RM800 and RM900 per night.
By Business Times (by Vasantha Ganesan)
Be bold and courages, buys when everyone sell, sells when everyone buy,
this one interesting ... BUILD when everyone hesitate to.
I have spoken to some developers with loads of cash and not burden by the current economic situation, commented this : " Now , it is the best time to build, low labour cost, low building cost."
But I'm truly impressed that they will have all unit SOLD at the high price tag despite of current soft market situation.
Check this out ....
Tallest Four Seasons coming up in KL
Friday, March 13, 2009
TWO tycoons and a royalty will go ahead and build the RM2.5 billion Four Seasons Place in Kuala Lumpur although a global economic crisis threatens to hurt demand for expensive hotels and apartments.
The much awaited property, located next to the Petronas Twin Towers, will be ready in 2012, says its developer Tan Sri Syed Yusof Syed Nasir.
It comprises a hotel, apartments and a mall, and will be the world's tallest Four Seasons development.
Four Seasons Place is being built by Venus Assets Sdn Bhd, a firm controlled by Ipoh-born tycoon Ong Beng Seng, Syed Yusof and the Sultan of Selangor.
"We are committed to the project even during the downturn as it has a huge multiplier effect," Venus Assets chairman Syed Yusof told Business Times in a rare interview.
It expects to hire contractors for the building in the third quarter of the year.
Venus Assets bought the prime 1.05ha site for RM90 million in 2003 from the estate of the late Khoo Teck Puat, the former major shareholder of Standard Chartered plc, a British bank.
"We received the development order (last December) and we are now evaluating various proposals from the contractors to do the job. We have completed piling works, he said.
Piling work for the building, located between Wisma Central and Menara Maxis, started in 2007, two years after the project was announced.
"There was a pause in the project only because we were redesigning the building in terms of positioning and the composition.
"Previously, the Four Seasons was supposed to encompass two towers, but now it will all be a single 65-storey tower," Syed Yusof said.
The redesigning meant a new proposal had to be submitted to the authorities for approvals and it took time to obtain the green light.
The building, described as futuristic and sleek, will complement the Twin Towers and enhance the Kuala Lumpur skyline.
"We have included a 150,000 sq ft of retail component into the tower. The hotel will have 250 keys of which 150 are hotel rooms and 100 serviced apartments.
"There will also be 140 units of apartments which will be sold," Syed Yusof said.
The entire component will be ready simultaneously and will be managed by Four Seasons.
The apartments, which start from 3,000 sq ft per unit, will be sold for about RM2,500 per sq ft.
"The cost of construction for all components including land and interior design is RM1.4 billion and the estimated gross development value of the project is RM2.5 billion," Syed Yusof said.
When asked what kind of average room rate the hotel may fetch when ready, he said, "Four Seasons is a rate leader with rates which are usually 20 per cent to 30 per cent higher that the existing rate leaders," he said.
The rate leader in Kuala Lumpur City Centre currently garners between RM600 to RM700 in ARR. This means that Four Seasons may lift the bar to between RM800 and RM900 per night.
By Business Times (by Vasantha Ganesan)
Tuesday, December 16, 2008
TROIKA - 10% P.A Guarentee Return For 2 years
Award winning Troika offers 2-year capital guarantee program for international investors
The Troika, comprising 3 majestic towers and sitting on 2.13 acres of freehold parcel, is developed by Bandaraya Developments Berhad ( BRDB). Designed and conceptualised by the celebrated Sir Norman Foster, whose detail-orientated architectural designs are described as “finesse of a trapeze”, the three towers are designed with a twisting geometry to maximise the views of the 50-acre KLCC Park, the Petronas Twin Towers and the surrounding cityscape from the primary living areas of the 230 apartments.
A 4-storey perimeter commercial building on ground level known as the Necklace, contains boutique offices, retail outlets and restaurants, wrapped around a centre courtyard of hard and softscapes to offer an urban oasis within the heart of the development. The roof level of this perimeter building accommodates the resident’s indoor and outdoor recreational facilities.
Linked by two glass-encased sky bridges, the three towers are interlinked on level 24 where the sky lobby, with double volume space spanning 24,000 sq ft, commands unrivalled views of the emerging skyline.
All 8 penthouses, 57 Small Office Home Office (SOHO) and 164 standard apartments offer fluid internal organisation to suit individual planning requirements.
Feature Property
Standard apartments from 2,045 sq. ft to 3,285 sq. ft
Bonus !! Price includes built-in Cabinets.
Price: Please inquire.
**This 2-year capital guarantee program is valid until the 31st of December 2008
For more information, please contact:
Joey Lee
cklee@megaharta.com
The Troika, comprising 3 majestic towers and sitting on 2.13 acres of freehold parcel, is developed by Bandaraya Developments Berhad ( BRDB). Designed and conceptualised by the celebrated Sir Norman Foster, whose detail-orientated architectural designs are described as “finesse of a trapeze”, the three towers are designed with a twisting geometry to maximise the views of the 50-acre KLCC Park, the Petronas Twin Towers and the surrounding cityscape from the primary living areas of the 230 apartments.
A 4-storey perimeter commercial building on ground level known as the Necklace, contains boutique offices, retail outlets and restaurants, wrapped around a centre courtyard of hard and softscapes to offer an urban oasis within the heart of the development. The roof level of this perimeter building accommodates the resident’s indoor and outdoor recreational facilities.
Linked by two glass-encased sky bridges, the three towers are interlinked on level 24 where the sky lobby, with double volume space spanning 24,000 sq ft, commands unrivalled views of the emerging skyline.
All 8 penthouses, 57 Small Office Home Office (SOHO) and 164 standard apartments offer fluid internal organisation to suit individual planning requirements.
Feature Property
Standard apartments from 2,045 sq. ft to 3,285 sq. ft
Bonus !! Price includes built-in Cabinets.
Price: Please inquire.
**This 2-year capital guarantee program is valid until the 31st of December 2008
For more information, please contact:
Joey Lee
cklee@megaharta.com
Monday, November 10, 2008
The Edge Malaysia Top Property Developers Awards 2008 (Top 10)
As requested by some, here is the list of the Top 10 property developers in Malaysia as judged by The Edge Malaysia, published on 1st Sept 2008 (in alphabetic order):-
Bandar Raya Developments Bhd (Troika, CapSquare, One Menerung)
Bandar Utama City Corporation Sdn Bhd (Bandar Utama, One Utama)
Boustead Properties Bhd (Mutiara Damansara)
E&O Property Development Bhd (Dua Residency, Idamansara, Seri Tanjung Pinang)
IGB Corporation Bhd (Midvalley City, Hampshire Place, One Jelatek, Cendana)
IOI Properties Bhd (Bandar Puteri Puchong, IOI Mall)
Island & Peninsular Sdn Bhd (Seri Beringin Damansara)
S P Setia Bhd (Setia Eco Park, Setia Sky Residences)
Sunrise Bhd (MK10, MK11, Solaris MK)
Sunway City Bhd. (Sunway Vivaldi, Palazzio)
Wednesday, August 20, 2008
Property mart expected to shake off lethargy next year
Wednesday, August 20, 2008
The sluggish property market could recover in six to nine months as the supply of materials stabilises and buyers adapt to the higher cost of living.
"In 2009, the cloud will be clearer," said Datuk Michael K.C. Yam, chairman of the Real Estate and Housing Developers Association (Rehda).
Buyers are cautious about buying property after Malaysia hiked the petrol price by 41 per cent in June. Some are having problems getting financing as banks are more strict when giving out loans due to the tougher economic outlook.
"When there is certainty in fuel price and there is regular cement and steel supply at market driven prices, I think people can plan better," Yam told reporters at a briefing in Kuala Lumpur yesterday.
Construction and operational costs have jumped by 30 per cent and 20 per cent each respectively, resulting in prices of new launches increasing by about 20 per cent.
According to Rehda's Property Survey for the first half of this year, the rising costs of building material and fuel have also impacted developers' production delivery.
"Most members reported having difficulties in getting consistent supply of building materials besides their continuously rising price, especially steel and cement," Yam said.
Rehda, with over 1,000 members under its belt, had 135 respondents for its survey, comprising housing and property development companies.
More than half of the respondents said they are launching new projects for the second half of this year. However, new launches in the first half of the year were almost halved compared with the same period last year.
The average number of units to be launched per developer in the second half of this year is 152 units, lower than the 169 units in the same period last year.
By New Straits Times
The sluggish property market could recover in six to nine months as the supply of materials stabilises and buyers adapt to the higher cost of living.
"In 2009, the cloud will be clearer," said Datuk Michael K.C. Yam, chairman of the Real Estate and Housing Developers Association (Rehda).
Buyers are cautious about buying property after Malaysia hiked the petrol price by 41 per cent in June. Some are having problems getting financing as banks are more strict when giving out loans due to the tougher economic outlook.
"When there is certainty in fuel price and there is regular cement and steel supply at market driven prices, I think people can plan better," Yam told reporters at a briefing in Kuala Lumpur yesterday.
Construction and operational costs have jumped by 30 per cent and 20 per cent each respectively, resulting in prices of new launches increasing by about 20 per cent.
According to Rehda's Property Survey for the first half of this year, the rising costs of building material and fuel have also impacted developers' production delivery.
"Most members reported having difficulties in getting consistent supply of building materials besides their continuously rising price, especially steel and cement," Yam said.
Rehda, with over 1,000 members under its belt, had 135 respondents for its survey, comprising housing and property development companies.
More than half of the respondents said they are launching new projects for the second half of this year. However, new launches in the first half of the year were almost halved compared with the same period last year.
The average number of units to be launched per developer in the second half of this year is 152 units, lower than the 169 units in the same period last year.
By New Straits Times
Hot News - KLCC condos: The Path Ahead
Thursday, August 7, 2008
The Idaman Residence project in KLCC is expected to be completed by early 2009 and will have 248 condo units that span 800sq ft to 1,900sq ft.
With the weakening property market, the next six months will be an interesting period for luxury condominium developments in the Kuala Lumpur City Centre (KLCC) area as investors, speculators, developers and property agents assess whether the market can sustain current prices and maintain projected yields.
According to SK Brothers Realty Sdn Bhd general manager Chan Ai Cheng, buyers of KLCC condos belong to a very specific segment of the property market. They would only be marginally affected by economic conditions. They would have the necessary “buffer” to cushion themselves against any market uncertainties and sail through.
Chan Ai Cheng: Whether KLCC condos - priced at around RM2,000 per square foot - are still worth buying will depend on the “investment appetite” of the buyer.
KLCC condo prices are still the cheapest in the region, and with rising construction costs which have gone up 30-40%, it is very unlikely to see prices falling. Some units are going to be owner-occupied, therefore it is not a 100% investment market for KLCC condos. Owner-occupiers want the address and location. Yield doesn’t matter to this category of owners.
In the long term, property prices will still be on an upward trend. With rising inflation, the value of money will go down. Therefore, there are people who want to buy property now. Of course, those who are apprehensive of the weakening property market situation will hold back.
Those who have booked condominium units in the KLCC area are generally deemed to be steady investors. They are unlikely to cancel. Their purchase considerations are different from property speculators. But speculators will try to off-load at this point as they went in with very little.
Flippers
Developers refer to speculators as “flippers”, meaning those who will flip a purchase for an immediate profit. And this becomes more apparent when the condo units are handed over and the bank loans need to be serviced. And if there are many competing units offered for sale, buyers in a weak market situation can drive a harder bargain. In any case, speculators who booked a KLCC condo for only RM600 or RM700 per square foot -- some 24 months before the hand-over -- will still make a profit, as prevailing market prices would be at least RM1,000-RM1,200 per square foot or more now.
As to whether prices for KLCC condos have gone up in recent months, Chan can’t rule out such a possibility.
“Why not? In terms of land value, new benchmarks are being set with each new transaction such as Sunrise Bhd’s recent RM180mil purchase of the Wisma Angkasa Raya building (on 1.56-acre freehold land) directly opposite the Petronas Twin Towers for RM2,600 per square foot. Also, the YTL Group paid RM85 million to the Eng Lian Group for a one-acre plot on Jalan Stonor, which works out to RM2,000 per sq ft. There are still a few more parcels of land along Jalan Ampang under negotiations. Developers are not going to price themselves down.”
Chan is also of the opinion that it is unlikely that developers within the KLCC area and the vicinity, will be unable to meet their construction schedule.
“Not that I know of,” said Chan, “In any case, developers in the KLCC area are ‘branded’ with good track records and are considered financially sound. Quite a large majority of the developments are nearing completion around this time. The concern for investors is the issue of ‘rentability’, yield and profitability. But since the initial investment was at a low-entry level, yield should still be okay. That is, if they bought at the initial launch price.”
Whether KLCC condos -- priced at around RM2,000 per square foot -- are still worth buying will depend on the “investment appetite” of the buyer. The purchase will depend on the perceived value of the property to the investor. Different condo projects offer different features.
The fundamental question is the purpose or objective of the purchase. Is it for investment, rental or capital return. The buyer needs to inform the property agent:
· purpose of purchase
· investment criteria that includes size and special features required
· how to finance - with cash or high margin of finance?
If a buyer is in doubt, always go back to the fundamentals which are specific to each individual. Even in bad times, some people can still do well in the property market. But rental yield does not go up in tandem with capital appreciation. This means that if an investor bought a property at a low entry level price, the rental yield will be much more lucrative compared with buying a similar property from a third party.
By The Star (by Johnni Wong)
The Idaman Residence project in KLCC is expected to be completed by early 2009 and will have 248 condo units that span 800sq ft to 1,900sq ft.
With the weakening property market, the next six months will be an interesting period for luxury condominium developments in the Kuala Lumpur City Centre (KLCC) area as investors, speculators, developers and property agents assess whether the market can sustain current prices and maintain projected yields.
According to SK Brothers Realty Sdn Bhd general manager Chan Ai Cheng, buyers of KLCC condos belong to a very specific segment of the property market. They would only be marginally affected by economic conditions. They would have the necessary “buffer” to cushion themselves against any market uncertainties and sail through.
Chan Ai Cheng: Whether KLCC condos - priced at around RM2,000 per square foot - are still worth buying will depend on the “investment appetite” of the buyer.
KLCC condo prices are still the cheapest in the region, and with rising construction costs which have gone up 30-40%, it is very unlikely to see prices falling. Some units are going to be owner-occupied, therefore it is not a 100% investment market for KLCC condos. Owner-occupiers want the address and location. Yield doesn’t matter to this category of owners.
In the long term, property prices will still be on an upward trend. With rising inflation, the value of money will go down. Therefore, there are people who want to buy property now. Of course, those who are apprehensive of the weakening property market situation will hold back.
Those who have booked condominium units in the KLCC area are generally deemed to be steady investors. They are unlikely to cancel. Their purchase considerations are different from property speculators. But speculators will try to off-load at this point as they went in with very little.
Flippers
Developers refer to speculators as “flippers”, meaning those who will flip a purchase for an immediate profit. And this becomes more apparent when the condo units are handed over and the bank loans need to be serviced. And if there are many competing units offered for sale, buyers in a weak market situation can drive a harder bargain. In any case, speculators who booked a KLCC condo for only RM600 or RM700 per square foot -- some 24 months before the hand-over -- will still make a profit, as prevailing market prices would be at least RM1,000-RM1,200 per square foot or more now.
As to whether prices for KLCC condos have gone up in recent months, Chan can’t rule out such a possibility.
“Why not? In terms of land value, new benchmarks are being set with each new transaction such as Sunrise Bhd’s recent RM180mil purchase of the Wisma Angkasa Raya building (on 1.56-acre freehold land) directly opposite the Petronas Twin Towers for RM2,600 per square foot. Also, the YTL Group paid RM85 million to the Eng Lian Group for a one-acre plot on Jalan Stonor, which works out to RM2,000 per sq ft. There are still a few more parcels of land along Jalan Ampang under negotiations. Developers are not going to price themselves down.”
Chan is also of the opinion that it is unlikely that developers within the KLCC area and the vicinity, will be unable to meet their construction schedule.
“Not that I know of,” said Chan, “In any case, developers in the KLCC area are ‘branded’ with good track records and are considered financially sound. Quite a large majority of the developments are nearing completion around this time. The concern for investors is the issue of ‘rentability’, yield and profitability. But since the initial investment was at a low-entry level, yield should still be okay. That is, if they bought at the initial launch price.”
Whether KLCC condos -- priced at around RM2,000 per square foot -- are still worth buying will depend on the “investment appetite” of the buyer. The purchase will depend on the perceived value of the property to the investor. Different condo projects offer different features.
The fundamental question is the purpose or objective of the purchase. Is it for investment, rental or capital return. The buyer needs to inform the property agent:
· purpose of purchase
· investment criteria that includes size and special features required
· how to finance - with cash or high margin of finance?
If a buyer is in doubt, always go back to the fundamentals which are specific to each individual. Even in bad times, some people can still do well in the property market. But rental yield does not go up in tandem with capital appreciation. This means that if an investor bought a property at a low entry level price, the rental yield will be much more lucrative compared with buying a similar property from a third party.
By The Star (by Johnni Wong)
Tuesday, May 27, 2008
Park Seven At KLCC - Photo, Floor Plans, Layout, Hot Deals
Park Seven
Everyday essentials...
sunlight, fresh air, serenity, a sense of freedom
Park Seven comprises seven 20-storey high towers arranged in a radial configuration. This unique footprint ensures maximum natural light and ventilation.
By going back to the basics, Park Seven redefines home as a tropical sanctuary. Its design ensures that everyday essentials, natural light and ventilation, flow seamlessly into the apartment. It also boasts of the rarest luxuries of living in the heart of the city – space. At Park Seven you will enjoy generous living spaces unfettered by columns or beams. Enhanced by the raw beauty of natural materials, Park Seven provides the basis for genuine quality of life.
The Architect’s Philosophy
Park Seven has been designed as “bungalows in the sky”. The 7 rectilinear shaped units per floor are planned radially in two interconnected clusters each served by a central core for maximum external views, natural light and ventilation.
The full height laminated glazing is protected by horizontal ledges acting as sun and rain breakers augmented by low-E glass on the eastern and western facades.
The structural design has been integrated closely with the architecture to achieve column free interiors and flat slab construction for optimal ceiling height and flexibility in planning. The landscape design is a recognition of the architectural modernism and place as well as respect for the integrity of materials used.
The main communal and recreational facilities are planned on the landscaped roof of the ground floor car park podium as a double volume breezeway featuring the lap and heated swimming pools, ponds, coloured glass screens and glazed pavilions enclosing the gymnasium, yoga / pilates, multi-purpose room and children’s play area.
The materials used for construction are left exposed as much as practicable in their natural state. The reinforced concrete structure is exposed and impregnated with a water repellent solution. The aluminium framed glazing system is natural anodized. Galvanized steel gabions with selected stone are used as external feature walls, rolled and perforated steel sheets for entrance gates. Timber is unstained and natural finish. Marble is honed and unpolished.
Features
With spacious layouts and only one unit per floor, Park Seven is truly a “Bungalow in the sky”.
• 270-degree panoramic view
• private lift with key card access
• fully equipped kitchen with appliances
• 2 to 4 car parks per unit
• minimum built-up of 213 sq m (2312 sq ft)
• low-E glass to eastern & western façade
• laminated windows
• column free: flat-slab ceiling
• 3.35 m / 11.0 ft high ceiling
• built-in wardrobe
• fully air-conditioned
• hot water system
For inquiry please call or email us at cklee@megaharta.com.
| Location : | Persiaran KLCC |
| Tenure : | FREEHOLD |
| Total Units : | 105 UNITS |
| Age of Building : | Expected by 2Q 2008 |
| Price (Sale): | from RM1,600psf onwards |
| Rental: | RM5-7psf |
| Built-Up : | 2777sf - 7192sf |
| Available units : | FOR SALE,All unit with Full KLCC Park and Twin towers view
|
Floor Plan
Location Map
Scheduled for completion by 1st Quarter of 2008.
Tuesday, May 20, 2008
Latest News : KLCC Overpriced ? (Extract from The Edge Daily , Investment Forum on Real Estate 2008 )
KLCC NOT OVERPRICED
There is no denying that the iconic Petronas Twin Towers in the Kuala Lumpur City Centre (KLCC) have served Malaysia well as they have put the country on the world map. The towers have not only created a focal point for the country and the Klang Valley, but also added value to the KLCC area where property prices are concerned. Over the last few years, several high-rise luxury projects have been launched and prices for luxury condominiums in the KLCC today have breached the RM2,000 psf mark.
But is there any more upside potential in the KLCC? Or is it all just hype?
Three panellists at The Edge Investment Forum on Real Estate 2008, with the theme "What's hot; what's not", addressed these issues when they presented a paper on "A real estate success story — KLCC: A developer's perspective". They were Glomac Bhd's group managing director Datuk FD Iskandar Mohd Mansor, Bandar Raya Developments Bhd's CEO Datuk Jagan Sabapathy and executive chairman of Beneton Properties Group Datuk Chan Sau Lai.
Moderated by Datuk Richard Fong, president of the International Real Estate Federation (Fiabci) Malaysian chapter and group executive vice-chairman of Glomac, the panel concurred that the KLCC is far from overpriced.
According to FD Iskandar, if one were to compare similar high-end properties in Bangkok, Singapore, Jakarta, Manila and even Ho Chi Minh City, KL's properties are among the cheapest in the region. One of the simplest ways to measure if a city is expensive is to use the Big Mac Index created by The Economist.
FD Iskandar points out that Malaysia has one of the cheapest Big Macs in the world, which means the city is "cheap".
Jagan feels the same way. "I think the dilemma for most of us is that KL is a cheap city but the KLCC is expensive. People find this difficult to reconcile with. The reality is that the city is a cheap place to live in, do business and invest and I think we're beginning to see the fruits of it," says Jagan.
He adds that there is still a lot of domestic liquidity available and although there is a credit crunch in the US and Europe, money is coming in from China, India and the Middle East. "It is common for the Arabs to put money into real estate. All this money has to find a home. The KLCC is an attractive proposition as our interest rates are low."
Malaysia's "fairly decent" economic activity and the huge amounts of investment coming in from the oil and gas and telecommunications sectors have also created more high-paying jobs. Jagan sees this as an impetus for the market. Furthermore, the country's improving educational facilities are proving to be attractive to foreigners looking to send their children overseas for education. "These people will be looking to buy quality properties. There is definitely money to buy and rent," says Jagan.
Looking at the big picture, he says Malaysia has now become attractive to high net worth Malaysians and global citizens who own several homes all over the world. "KL is the best-kept secret in the entire world, but we do an awful job telling people how good it is. I think it's a conspiracy by the rakyat to keep property prices down!"
Jagan was echoing FD Iskandar's point that Malaysia needs to be "rebranded". According to Iskandar, there will always be wealthy people who want the best and are looking for alternatives for their investments. "I believe the KLCC offers the best not only in Malaysia but also in Southeast Asia."
One of the steps that can be taken by the government to attract foreign investors is to market and position KL as an international Islamic financial hub, says FD Iskandar. "We need to focus our efforts on making KL the preferred destination to attract global investors, issuers and high net worth individuals to take advantage of their surplus private and sovereign funds."
FD Iskandar feels that the Malaysia My Second Home programme needs to be marketed better and that this should fall under the purview of the Prime Minister's Department to ensure more efficiency, speedier approvals and seamless inter-ministerial coordination.
The panel also discussed the scarcity of land in the KLCC. According to Jagan, locals and foreigners are picking up land very quickly. "Prices can only go one way — up, and that's the reality of it," he says.
Undoubtedly, the shortage of land will drive prices higher but Jagan says if one were to compare KLCC's prices on a per plot ratio basis, they are still cheaper than those in other cities in the region. "For example, YTL group's recent land purchase at RM2,000 psf in Jalan Stonor. On a per plot ratio, we're looking at a pricing of RM200 to RM300."
Chan, whose company was one of the first players in the KLCC with its Stonor Park project, says it is definitely the place to be today. "It is cool, chic and the place to chill out."
He says there are a few key factors for a successful development — location, good design and timing. "In all major capitals of the world, any development adjacent to, or with a view of iconic landmarks, will always succeed."
"In the KLCC area, projects with a view of the iconic Twin Towers will have a good chance to succeed," he adds.
According to Chan, developers also need not worry if their projects offer good design. "Good designs always sell and at the prices that KLCC properties command these days, they are more than homes. They are a statement of the owner's social standing and the people who live in them," he says.
A case in point is Bandar Raya Developments' Troika. The developer bought the land for RM560 psf in 2004 and priced the units at RM1,000 psf when it launched a year later. The market, says Jagan, reacted accordingly. "People thought we were crazy buying land at that price and even crazier when we began selling. But we had a plan and launched Troika in stages. We were not going to compete on pricing but architecture," he adds.
The strategy has certainly paid off for Bandar Raya. The Norman Foster-designed Troika today has recorded transactions at RM2,500 psf, with a portfolio of investors from over 20 countries.
"There is no hype. What we're seeing is real," says Jagan.
The past few years have certainly seen great changes to the KLCC skyline, with property prices moving at a fast clip, says Chan. He feels that as prices continue to escalate, there are two issues to consider. "First, those who want to and can afford to live in the KLCC area will buy irrespective of price. Second, investors who buy for yield or capital gain will have to consider carefully the state of the rental market."
According to Chan, as the cost psf of KLCC properties increases, condo sizes need to be smaller in order to achieve the same yields. "Moving forward, for the KLCC's property market to grow, expat rental allowance should increase and investor yield expectation should match that of other major cities. For example, rental yield for Hong Kong property in a prime area is about 2% return per year," he adds.
For KL's property market to be on a par with cities such as London, Hong Kong and Singapore, Chan agrees that KL needs to be branded as a financial hub and it has to formulate policies that will allow free movement of capital. "The government should also look at reducing or eliminating stamp duty, waiving the Real Property Gains Tax, placing no limit on the number of transactions and improving the collection of service charges and property maintenance."
Fong says the KLCC is still hot and those looking to invest should do so now. - The Edge Daily
There is no denying that the iconic Petronas Twin Towers in the Kuala Lumpur City Centre (KLCC) have served Malaysia well as they have put the country on the world map. The towers have not only created a focal point for the country and the Klang Valley, but also added value to the KLCC area where property prices are concerned. Over the last few years, several high-rise luxury projects have been launched and prices for luxury condominiums in the KLCC today have breached the RM2,000 psf mark.
But is there any more upside potential in the KLCC? Or is it all just hype?
Three panellists at The Edge Investment Forum on Real Estate 2008, with the theme "What's hot; what's not", addressed these issues when they presented a paper on "A real estate success story — KLCC: A developer's perspective". They were Glomac Bhd's group managing director Datuk FD Iskandar Mohd Mansor, Bandar Raya Developments Bhd's CEO Datuk Jagan Sabapathy and executive chairman of Beneton Properties Group Datuk Chan Sau Lai.
Moderated by Datuk Richard Fong, president of the International Real Estate Federation (Fiabci) Malaysian chapter and group executive vice-chairman of Glomac, the panel concurred that the KLCC is far from overpriced.
According to FD Iskandar, if one were to compare similar high-end properties in Bangkok, Singapore, Jakarta, Manila and even Ho Chi Minh City, KL's properties are among the cheapest in the region. One of the simplest ways to measure if a city is expensive is to use the Big Mac Index created by The Economist.
FD Iskandar points out that Malaysia has one of the cheapest Big Macs in the world, which means the city is "cheap".
Jagan feels the same way. "I think the dilemma for most of us is that KL is a cheap city but the KLCC is expensive. People find this difficult to reconcile with. The reality is that the city is a cheap place to live in, do business and invest and I think we're beginning to see the fruits of it," says Jagan.
He adds that there is still a lot of domestic liquidity available and although there is a credit crunch in the US and Europe, money is coming in from China, India and the Middle East. "It is common for the Arabs to put money into real estate. All this money has to find a home. The KLCC is an attractive proposition as our interest rates are low."
Malaysia's "fairly decent" economic activity and the huge amounts of investment coming in from the oil and gas and telecommunications sectors have also created more high-paying jobs. Jagan sees this as an impetus for the market. Furthermore, the country's improving educational facilities are proving to be attractive to foreigners looking to send their children overseas for education. "These people will be looking to buy quality properties. There is definitely money to buy and rent," says Jagan.
Looking at the big picture, he says Malaysia has now become attractive to high net worth Malaysians and global citizens who own several homes all over the world. "KL is the best-kept secret in the entire world, but we do an awful job telling people how good it is. I think it's a conspiracy by the rakyat to keep property prices down!"
Jagan was echoing FD Iskandar's point that Malaysia needs to be "rebranded". According to Iskandar, there will always be wealthy people who want the best and are looking for alternatives for their investments. "I believe the KLCC offers the best not only in Malaysia but also in Southeast Asia."
One of the steps that can be taken by the government to attract foreign investors is to market and position KL as an international Islamic financial hub, says FD Iskandar. "We need to focus our efforts on making KL the preferred destination to attract global investors, issuers and high net worth individuals to take advantage of their surplus private and sovereign funds."
FD Iskandar feels that the Malaysia My Second Home programme needs to be marketed better and that this should fall under the purview of the Prime Minister's Department to ensure more efficiency, speedier approvals and seamless inter-ministerial coordination.
The panel also discussed the scarcity of land in the KLCC. According to Jagan, locals and foreigners are picking up land very quickly. "Prices can only go one way — up, and that's the reality of it," he says.
Undoubtedly, the shortage of land will drive prices higher but Jagan says if one were to compare KLCC's prices on a per plot ratio basis, they are still cheaper than those in other cities in the region. "For example, YTL group's recent land purchase at RM2,000 psf in Jalan Stonor. On a per plot ratio, we're looking at a pricing of RM200 to RM300."
Chan, whose company was one of the first players in the KLCC with its Stonor Park project, says it is definitely the place to be today. "It is cool, chic and the place to chill out."
He says there are a few key factors for a successful development — location, good design and timing. "In all major capitals of the world, any development adjacent to, or with a view of iconic landmarks, will always succeed."
"In the KLCC area, projects with a view of the iconic Twin Towers will have a good chance to succeed," he adds.
According to Chan, developers also need not worry if their projects offer good design. "Good designs always sell and at the prices that KLCC properties command these days, they are more than homes. They are a statement of the owner's social standing and the people who live in them," he says.
A case in point is Bandar Raya Developments' Troika. The developer bought the land for RM560 psf in 2004 and priced the units at RM1,000 psf when it launched a year later. The market, says Jagan, reacted accordingly. "People thought we were crazy buying land at that price and even crazier when we began selling. But we had a plan and launched Troika in stages. We were not going to compete on pricing but architecture," he adds.
The strategy has certainly paid off for Bandar Raya. The Norman Foster-designed Troika today has recorded transactions at RM2,500 psf, with a portfolio of investors from over 20 countries.
"There is no hype. What we're seeing is real," says Jagan.
The past few years have certainly seen great changes to the KLCC skyline, with property prices moving at a fast clip, says Chan. He feels that as prices continue to escalate, there are two issues to consider. "First, those who want to and can afford to live in the KLCC area will buy irrespective of price. Second, investors who buy for yield or capital gain will have to consider carefully the state of the rental market."
According to Chan, as the cost psf of KLCC properties increases, condo sizes need to be smaller in order to achieve the same yields. "Moving forward, for the KLCC's property market to grow, expat rental allowance should increase and investor yield expectation should match that of other major cities. For example, rental yield for Hong Kong property in a prime area is about 2% return per year," he adds.
For KL's property market to be on a par with cities such as London, Hong Kong and Singapore, Chan agrees that KL needs to be branded as a financial hub and it has to formulate policies that will allow free movement of capital. "The government should also look at reducing or eliminating stamp duty, waiving the Real Property Gains Tax, placing no limit on the number of transactions and improving the collection of service charges and property maintenance."
Fong says the KLCC is still hot and those looking to invest should do so now. - The Edge Daily
Wednesday, May 14, 2008
Hampshire Residence - Photo, Floor Plan
Hampshire Residence
1270 sf fully furnished 2 bedroom apartment
RM1050psf only !! Tenanted to till late 2012
Saturday, May 10, 2008
Thursday, May 8, 2008
KLCC PROPERTY HOT DEALS - FOR SALE !!
Choice Luxury Condo Available for Sale
CHECK OUT THE LATEST 2009 PRICING HERE >>> http://klcchotprop.blogspot.com/2009/05/klcc-property-for-sale-hot-buys-09.html
For inquiry please call or email us at cklee@megaharta.com.
1. TROIKA
** Below current market price!! Find out how to place 20% downpayment upon signing Sale and Purchase Agreement and the rest get bank financing after property handover in Jan 2010. Great savings on interest while waiting on capital appreciation !!!
2. K RESIDENCE
Full Twin Towers And Park View - from RM1650psf onwards
Hot Deal!! RM1250psf, hi floor, klcc view email us for more details.
>Click here for more units for sale
3. Marc Residence
4. AVARE
5.Idaman Residence
6. Dua Residency
7. Cendana @ Sultan Ismail
- 2100sf, 2+1 rooms, KL Tower views, Hi floor, RM890 psf, RM1.89 mil
- 4488sf,4+1 rooms, above level 30,4+1 rooms, KLCC view, RM860psf!!! Hot !!
For a property investment guide on KLCC Hot Properties.
Call Joey 012 337 8878 / Jocelyn 012 307 5622
Many more listings available at More Property Listings
CHECK OUT THE LATEST 2009 PRICING HERE >>> http://klcchotprop.blogspot.com/2009/05/klcc-property-for-sale-hot-buys-09.html
For inquiry please call or email us at cklee@megaharta.com.
1. TROIKA
- 2356 sq ft, Tower 1, hi floor, Type A3, RM3.89 mil, RM1650 per sq ft, full KLCC view**
- 2545 sq ft, Tower 1, Type A13, hi floor above sky lobby, RM4.8 mil,RM1885 per sq ft, full KLCC view, choice unit**
- 2245 sq ft. Tower 3, Type C3, RM4.2 mil, RM1800 per sq ft, Mid Floor, park view
- 2245 sq ft. Tower 3, Type C3, RM4 mil , RM1785 per sq ft, High Floor, park view
- 2142 sq ft. Tower 2, RM4.24M, High floor above sky lobby, park view
** Below current market price!! Find out how to place 20% downpayment upon signing Sale and Purchase Agreement and the rest get bank financing after property handover in Jan 2010. Great savings on interest while waiting on capital appreciation !!!
2. K RESIDENCE
Full Twin Towers And Park View - from RM1650psf onwards
Hot Deal!! RM1250psf, hi floor, klcc view email us for more details.
>Click here for more units for sale
3. Marc Residence
- RM1050psf , a beautiful 2 rooms pool view unit(great pool view) - SOLD!!
- 1529sf, 3+1 rooms, RM1250psf, hi floor, great city view, fully fitted, move in condition.
4. AVARE
- Very Hi Floor, above 35th floor - RM7.90 mil (RM2,078 per sq ft)
- Very Hi Floor, above 30th floor - RM6.84 mil (RM1,800 per sq ft)
- Hi Floor, Level 25 - RM6.08 mil (RM1,598 per sq ft)
- Low Floor , great pool view- fr RM4.94 mil (RM1,300 per sq ft)
- Very Low Floor, great pool view - fr RM4.18 mil (RM1,100 per sq ft)
5.Idaman Residence
- 929 sq ft, 2 Bedroom, SOLD !!
- 2174 sq ft, High Floor, from RM1200psf / RM2.6 mil
- 2096 sq ft, High Floor, from RM1200psf / RM2.5 mil
6. Dua Residency
- tenanted RM10,500 permth - 2315 sq ft, RM850 per sq ft,> 6% Rental Yield - SOLD!!
- Hot! 2098sf, tenanted RM10,500 permth until June 2009, fully furnish, RM1.95mil, 6.5% Rental Yield, act fast!! - SOLD
- 2098 sq ft, 4+1 rooms, KLCC View, RM830psf Cash Deal Only, call Joey 012-337 8878 fast !!
- 2315 sq ft, 4+1 rooms, greenary view, low floor, RM905psf ft with extras (wardrobe to all rooms except maid's,fans,lights) RM2,095,075
- 2098 sq ft, 3+1 rooms, KLCC view, mid floor, RM810 per sq ft (1,699,380) - SOLD!
7. Cendana @ Sultan Ismail
- 2100sf, 2+1 rooms, KL Tower views, Hi floor, RM890 psf, RM1.89 mil
- 4488sf,4+1 rooms, above level 30,4+1 rooms, KLCC view, RM860psf!!! Hot !!
For a property investment guide on KLCC Hot Properties.
Call Joey 012 337 8878 / Jocelyn 012 307 5622
Many more listings available at More Property Listings
Monday, May 5, 2008
The Oval Suites @ KLCC
Luxurious Living In KLCC
Oval Suites is located along Jalan Desa Kudalari the fringe of KLCC. Boast a total of 140 units of high end Sky Villas and Sky Mansion, this development comprises of 2 oval shape towers. The modern façade of the building is captivating and complete with exquisite finishing. Currently Tower 2 is open for sale.
| Location : | Jalan Desa Kudalari |
| Tenure : | FREEHOLD |
| Total Units : | 140 UNITS |
| Completion : | 1Q 2009 |
| Price (Sale): | from RM1,350psf onwards |
| Rental: | NA |
| Built-Up : | 3750sf (typical unit) 7000sf (Sky Mansion) |
| Available units : | cklee@megaharta.com. |
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