Monday, April 30, 2012

Reflection Condominium Wanted

Those who wish to sell Reflection Condominium, please contact us, Penang I Property by clicking here. Thanks in advance.

Land Wanted - Penang


* Land wanted urgently especially development land in Penang.
Those who wish to sell his or her land in Penang, please contact us, Penang I Property by clicking here to further discuss on the matter. 
* Thanks in advance.

Alila Horizon Wanted

Those who wish to sell Alila Horizon, please contact us, Penang I Property by clicking here. Thanks in advance.

Alila Townhouse Wanted.

Those who wish to sell Alila Townhouse, Alila Homes, please contact us, Penang I Property by clicking here. Thanks in advance.

REFLECTIONS CONDOMINIUM by S. P. Setia Wanted

* Those who is interested to sell, kindly contact us, Penang I Property by clicking here.

Thanks in advance.

槟政府为岛民献大礼 16依格地建可负担房屋


(槟城29日讯)在执政4年后,槟州民联政府为槟岛人民带来“房屋大礼”,将在槟岛鉴定的16依格作为打造可负担得起房屋,避免槟岛人在屋价飙升上面对逼迁威省窘境。
槟州首长林冠英周日宣布,槟民联政府已在槟岛及威省两地完成鉴定77依格政府地,以推行“可负担得起房屋”计划(affordable housing),其中在槟岛东北部将获10依格地作为此用途,西南区将获5.84依格地建造可负担得起房屋。
77依格地遍布槟威4县
他指出,77依格地中分布槟岛及威省4个县,这也意味,除了较早宣布于威省峇都加湾一片200依格政府地作为可负提得起房屋地后,州政府也在槟岛东北县、西南区、威北及威南另再鉴定土地。其中,在槟岛东北县已鉴定的土地面积是10.21依格,西南区则有5.84依格,这也意味在槟岛将合共有16.05依格作为上述用途,至于威北则有28.9依格,而威中有31.71依格,合共60.61依格。
首长指出,这也是继槟州政府在峇都加湾200依格的州发展机构(PDC)土地建造可负担得起房屋后,将通过政府卖地所筹获的5亿令吉可负担得起房屋基金下,将进行的第二阶段建造可负担得起房屋计划。他也说,在首阶段于峇都加湾建造的1万2000个可负担得起房屋造价,介于7万2500令吉至22万令吉,槟州政府也委任全球最佳的房屋发展公司,即新加坡房屋发展局(HDB)来执行上述计划。- 光华

Sunday, April 29, 2012

Mapex Penang rakes in record RM90m


KUALA LUMPUR: Property developers at the recent Mapex Penang 2012 property exposition clinched a record RM90 million in sales.

Themed "The Most Lau Juak Property Show", the property expo showcased the newest property developments in the market across Malaysia.

"The record expo sales figures are testimony that the appetite for properties remained strong and even far exceed expectations in some cases," Real Estate And Housing Developers' Association (Rehda)-Penang Branch said in a statement.

Mapex Penang was organised by iProperty.com Malaysia on behalf of Rehda Penang.

According to the association, IJM's collection of 'The Light' properties were popular among visitors over the three-day expo, with 12 units sold for over RM15 million.

"Magna Putih's Mansion One development was snapped up totaling over RM11 million, with 19 units sold. Land & General also enjoyed brisk sales with 19 units worth over RM11 million sold," it said.

Visitors to Mapex Penang also had a chance to listen to leading property experts talking about sound property investment decisions during the seminar sessions.

Popular among visitors was a presentation by Richard Oon from ConsulNet Tax Services, on tax implications of property transactions. Another crowd pleasure was a session on benefits of buying property from developers by property investment guru, Milan Doshi.

Those interested in foreign investment were given tips and tricks on property investment in Australia by Ameer Abas from OZ Property Group.

Attractive prizes worth over RM70,000 from Deep Living, Signature Kitchen, KaraBest and Korea Wallpaper were awaiting visitors at the exhibition.

Rehda Penang chairman Datuk Jerry Chan Fook Sing said the association has achieved its aim in helping home buyers find their dream homes during the expo.

"I am proud that, together with our partnership with iProperty.com Malaysia, we have once again contributed to the growth of the industry as we saw participating property developers enjoying brisk sales, while connecting with property hunters in Penang," Rehda Penang chairman Datuk Jerry Chan Fook Sing said. - Business Times

Initiatives to assist victims of abandoned housing projects

KUALA LUMPUR (April 24): Housing and Local Government Minister Datuk Chor Chee Heung said the ministry has taken several initiatives to assist victims of abandoned housing projects.

He said the initiatives included providing a verification letter to funding institutions that the projects have been abandoned and assist buyers to discuss how their loans could be resumed after rehabilitation works started.

Such loans would be subjected to the funding institution's valuation and based on the merits of each case but if the buyer is not assisted, a complaint can be lodged with the ministry which would be referred to Bank Negara Malaysia (BNM), he explained.

He was responding to a question from Datuk Mustafa Kamal Mohd Yusoff on the issue of abandoned housing projects.

Chor said the ministry has also proposed for a working paper to be presented to the National Economic Council in order for BNM to recommend ways to assist the victims of such projects if the funding institutions fail to give them due consideration.

"The government takes the matter seriously as the victims could go bankrupt if the situation is not resolved," he said at the Dewan Rakyat, here on Tuesday.

Chor further remarked that the government would also take steps to prevent housing projects from being abandoned by amending the Housing Development Act (Control and Licensing) 1966 (Act 118).

He added that the government and related parties in the industry were discussing holistic ways to best implement the build and sell system.

"We hope the system can be finalised with all affected parties by 2015," he said. — Bernama

Zeti: No intention to review new guidelines on responsible lending now


KUALA LUMPUR (April 25): Bank Negara Malaysia (BNM) has no intention to review its new guidelines on responsible lending for the time being, Governor Tan Sri Dr Zeti Akhtar Aziz said on Tuesday.

"Whatever needs to be resolved will be through bilateral discussion. Right now we have no intention," she said when commenting on reports that the guidelines would be reviewed.

BNM's recent lending guidelines, effective Jan 1, stipulates that loans would only be approved based on net income and not gross income as previously practiced.

The new guidelines was aimed at managing household debt in Malaysia at reasonable levels.

Many parties in the automotive industry were not happy with the guidelines and attributed the drop in vehicle sales to the implementation of the guidelines.

Zeti said it would not be right for some automotive players to blame the guidelines for the dip in vehicle sales.

"I don't think that would be correct... because our guidelines are to ensure that the borrowers are in a position to take on increased debt and this is important.

"It would not be of any use if the borrower cannot pay the debt and the car is repossessed. We want those who have the capability to take on (debt)," she said.

As such, she said the guidelines ensured Malaysia's household debt and the quality of debt remained positive.

In addition, Zeti said the country's non-performing loans were declining.

She also said sales of vehicles had to be based on comparative advantage such as cost of effectiveness, model designs and innovation that the automotive companies had undertaken.

"All these will help them. And, also it is obvious that the Malaysian market at some point will become highly saturated. It is already saturated in terms of car ownership," she added.

Zeti said it was important for automotive players to be highly competitive and export their vehicles overseas. —Bernama
 

Serious home buyers undeterred


KUALA LUMPUR (April 27): Government measures to curb speculative property buying have been rather effective. The reintroduction of the 5% real property gains tax, the limit on loans for a "third house", and the more stringent lending policies imposed by banks have caused some buyers to postpone their purchases.

It is interesting to note that serious homebuyers have not been deterred from signing sales and purchase agreements.

"Buying activities are affected by the new lending policy guidelines implemented by Bank Negara Malaysia. Speculation has slowed down because buyers are now required to put a higher down payment for new launches," said Sunway Group property development division COO Daniel Lim.

He added that serious investors and home- buyers are still buying properties in prime and potential areas.

Good location, connectivity, track record of developer and affordable price tag are what purchasers will look at in the current environment. Landed homes and small office home offices (SoHos) seem to be the trend. High-rise homes in suburban areas that offer good connectivity and affordable price tags are also in demand.

Properties in growth areas within the affordable price range will continue to dominate the market in the near future, Lim said.

CB Richard Ellis (M) Sdn Bhd executive chairman Christopher Boyd believes that the correct investment strategy is to think long term. "We must look 10 years ahead. Don't buy on price alone; low and medium low cost units are cheap but they do not offer much upside in the long run. Regrettably the most distressed properties also fall into this category."

He said the key to getting a good capital appreciation is to buy what people want.

"Right now property with a good level of security is favoured. People are also looking for ease of access and local amenities such as mass rapid transit and the light rail transit. Pick well and your capital values will probably double," said Boyd.

Malaysia Building Society Bhd CEO Datuk Ahmad Zaini Othman believes that demand for different types of properties varies in different parts of the country.

"High-rise residential units with value below RM500,000 are in demand in big cities like Kuala Lumpur and George Town while landed residential properties below RM500,000 are taken up in the smaller cities," he said.

SoHos are in demand by young urban customers due to their affordability and location, Zaini added. "The buying crowd is usually made up of single professionals."

Buyers are advised to consider established developers with good track records and financial standing as they usually continue to reinvest in their own developments.

Lim, Boyd and Zaini will share their views further in a panel discussion — "Buy now or wait?" at The Edge Investment Forum on Real Estate 2012 on Saturday at the Sime Darby Convention Centre in Kuala Lumpur. - The Edge Property
 

Mulpha sells Jalan Sultan Ismail land for RM3,300 psf

KUALA LUMPUR (April 27): Mulpha International Bhd disposed of a 0.72-acre (31,516 sq ft) tract in Jalan Sultan Ismail, Kuala Lumpur late last year for RM104 million. This works out to RM3,300 psf, a benchmark price for development lands in Kuala Lumpur city centre.

The site was originally slated for a proposed Grade "A" office building initially dubbed Menara Mulpha.

It is believed that the tract was sold to a company with links to Penang-based Monoland Corp Sdn Bhd and CA + Associates, which has  several notable projects in Penang such as The Cove and Central Park.

The sales and purchase agreement was signed late last year and came with an approved development order. The land was owned by Menara Mulpha Sdn Bhd.

There is a premium attached to the sale as it comes with an approved development order, enabling the developer to construct immediately.

Hence the high price of sale, said a real estate consultant.

The low profile CA + Associates appeared on the KL property development scene not too long ago with several notable developments including Vipod Residences and Quadro Residences, both in Kuala Lumpur city centre (KLCC).

According to Sarkunan Subramaniam, executive director of Knight Frank Malaysia, the latest comparable transaction was Dijaya Corp Bhd's purchase of three adjoining tracts in Jalan Sultan Ismail at RM2,400 psf with similar zoning and plot ratio. The deal was transacted around the same time as the Mulpha deal.

Prior to this, two notable transactions in the vicinity were the acquisition of the 1.59-acre Wisma Angkasa Raya (land and building) by Sunrise Bhd in 2008 for RM2,588 psf and the acquisition of a 0.66-acre tract in Bukit Bintang for a record RM7,209.80 psf by Urusharta Cemerlang (KL) Sdn Bhd from CDL Hotels (M) Sdn Bhd, a member of London-based Millenium & Copthorne Hotels Plc.

"In my opinion, you can't take the RM7,209.80 psf sale into account as it is an exception. So, the price of RM3,300 psf can be considered a record," said Sarkunan.

Based on previous reports, Mulpha acquired the tract in 1996 for about RM1,000 psf and had plans to build a 23-storey Grade "A" office building with a lettable area of about 270,000 sq ft and an estimated gross development value of over RM350 million.

Sarkunan believes that future land sales with approved development order will be pushing the RM3,300 psf level but tracts without, will still hover around the RM2,300 to RM2,600 psf.

"The acquisition is a real show of confidence in the KLCC office market at a time when there are concerns of oversupply of office," said Sarkunan.

KLCC currently has a supply of 46.75 million sq ft of office space with another 4.87 million under construction. - The Edge Property

Saturday, April 28, 2012

Affordable lifestyle yet enriching Customer comes first, pledges Trinity MD



TRINITY Group Sdn Bhd wants to promote its brand of lifestyle living at an affordable cost to a broader market in the Klang Valley, Penang and Johor.
Managing director Datuk Neoh Soo Keat says the Klang Vally-based developer's aim is to build property projects that offer lavish high-rise living at affordable prices.
Currently, Trinity's projects are all located in the Klang Valley and Neoh is on the lookout for strategic land in the growth markets of Penang and Johor.
At its Z Residence project in Bukit Jalil, comprising four blocks of 26 and 27 storeys of 1,136 service residences, the units were sold at average prices of RM340 to RM380 per sq ft. The RM500mil project has been fully taken up since its launch last April.
Neoh says all the elements of the project are crafted to enhance the lives of residents.
Neoh says despite the affordable pricing, residents can look forward to a combination of recreational and lifestyle facilities that include a floating garden surrounded by water courtyards, a 180-ft infinity pool, and panoramic sky lounges perched at 430 ft above ground level atop every condominium tower.
Up to 50% of the development has been reserved for green lungs and relaxation corners.
“All the elements of the Z Residence's design are crafted to enhance and enrich the lives of residents and the greater community it serves.
“The development aims to introduce a wholesome urban lifestyle to the medium-end housing market. We are dedicated to enriching the lives of our customers as our customers are at the centre of everything we do,” Neoh shares with StarBizWeek.
To achieve the highest quality standard for its project, he says Trinity has recently appointed Putra Perdana Construction Sdn Bhd (PPC), a unit of Putrajaya Perdana Bhd, as the main contractor for Z Residence.
Neoh says PPC is the first construction company in the country to be awarded with the 5-S Certification by SIirim-HK5SA, adding that PPC's competency in construction and high standards of quality and efficiency are in line with Trinity's commitment to deliver up-to-date and high-value products.
The company hopes to record a quantum jump in sales this year to RM640mil against RM230mil achieved in 2011.
Trinity has undeveloped landbank of 23.36 acres and another 12.5 acres that are currently under construction in the Klang Valley.
Its landbank include five acres in Serdang worth a potential gross development value (GDV) of RM300mil; 8.65 acres in Bukit Antarabangsa (RM700mil); three acres in Melawati (RM180mil); three acres in USJ19 (The Latitute@USJ19 worth RM200mil); and 3.71 acres in Seri Kembangan.
The Seri Kembangan land will be developed into The Zeva comprising a mixed development of 446 service apartments, 320 studio units and 12 shop offices. The project, with GDV of RM250mil, will be launched on May 18 for completion in 2015.
The studio units with built-up of 455 sq ft to 638 sq ft are priced from RM200,000; serviced suites of 881 sq ft to 1,205 sq ft are from RM350,000; and shop offices from 5,697 sq ft to 12,221 sq ft are from RM2.8mil.
In keeping with Trinity's trademark of lifestyle living, all the residential blocks will be naturally ventilated with generous corridor and a sky garden at each alternate level.
Neoh says Zeva is set to bring a fresh and dynamic change to the skyline of the gradually aging Seri Kembangan township.
“The project will provide a refreshing break from the mundane and monotonous architectural landscape in this established and matured township.
“Zeva's modern building facade with strong linear lines will complement the development of this place without taking away the charm that this town is associated with. The street mall on the ground floor of the development is envisioned to be vibrant and lively with a good mix of F&B outlets, offices and retail shops that will offer a refreshing lift to this area,” he adds. - The Star

Tips for first time housebuyers


BUYING a house will most likely be the biggest single investment in a person's life. But for first-time buyers, going about purchasing a home can be a procedural nightmare, especially without the proper planning or guidance.
The following are some simple tips for first-time buyers to consider before ploughing their money into their “dream home.”
Weighing your options
The first thing to do is to determine what exactly you are looking for.
“Visit a few property showrooms and also attend a few launched to see what's available in the market. If you're a first-time buyer, you're probably looking for something below half-a-million ringgit,” says VPC Alliance (Malaysia) Sdn Bhd director James Wong.
Also, determine if you're looking for landed property or an apartment.
“You need to weigh your options. An apartments comes with additional running costs, such as service charges - it's part of a communal thing,” Wong points out.
“If you stay on landed property, the advantage is that there is no service charge. Furthermore, you may also have access to a garden of your own,” he adds.
Malaysian Institute of Estate Agents president Nixon Paul concurs that there are certain advantages to owning landed property.
“Landed property would make a better buy as you have control over your own house. With an apartment, the biggest consideration is the management running it. If there is no effective management, it could really go downhill,” he says.
Location
With land getting increasingly scarce, more so within the Klang Valley area, affordability can be an issue. “With land getting more expensive, the chances of getting landed property below RM500,000 close to the city is slim,” says Wong.
He adds that a person's distance from work should be factor to consider when buying property.
“You need to determine what is the commuting time to and from work that you can tolerate everyday,” he says.
Nixon however believes that it's still possible to find property below RM500,000 within the Klang Valley.
“They're available but you just need to look harder. You can find apartments within this price range in places like Kepong, Selayang and Puchong. You just have to go out further (from the city),” he says.
A viable option, says Wong, is to purchase property that will be located “not very far” from the proposed stations that will be built for the light rail transit (LRT) Ampang and Kelana Jaya line-extension and Mass Rapid Transit (MRT) projects.
“Once these lines are up, there will be improved connectivity within the Klang Valley.”
He adds that property along the proposed lines won't necessarily be expensive.
“The lines also go through the outskirts of the city and it would be good to study where the stations will be. If you live within 10-minutes driving distance of the stations, it won't be a problem.”
Wong says a mistake in the past was that there weren't sufficient parking facilities for the LRT lines.
“But I was informed that the future lines will also have parking facilities,” says Wong.
Another way for new housebuyers to around the issue of affordability is to try and apply for the My First Home Scheme.
Launched in March last year, the scheme allows young working adults obtain 100% financing from banking institutions to purchase their first home valued at a maximum of RM220,000 (for single applicants) or a maximum of RM400,000 (for joint applicants of husband and wife with household income below RM6,000 per month cumulatively).
Applications are made to participating banking institutions and upon approval, Cagamas - a national mortgage corporation - would provide a guarantee for the first 10% of the loan.
“It is a good move by the Government to promote home ownership,” says Wong. However, he notes that properties launched under the scheme are not located within the city.
“There were launches in Negri Sembilan and the Puchong area. However, if your workplace is within 5km of these homes, then why not,” he adds.
Inspect the property
If the property you're buying is physically present (such as secondary property), it's best to inspect it to ensure there are no shortcomings or flaws that will incur you additional unwanted costs.
“A house might look beautiful in pictures or from the outside, but you never know for sure until you take a closer look at it yourself,” says property investor Kamarul Ariff.
“It's best to inspect the house inside-out, floor to ceiling. Check to see if the walls and fixtures are in good condition, or if the house is infected with white ants, for instance. Bring along a friend who's a better judge of things like this, as it'll save you a lot of unnecessary cost in the future.
“Also, it doesn't hurt to inspect the property on a rainy day - a good way to find out if you've got leaks!”
Sorting out your finances
A major factor in the home-buying process is the issue of financing. Of course, one needs to have the financial resources first before going house-hunting.
Noteworthy is that effective January 1, Bank Negara has implemented its responsible lending guidelines, whereby loans are now approved based on net income compared with gross income previously.
The new guidelines are intended to help manage the household debt in Malaysia to reasonable levels.
“Currently, banks are tightening on housing loans and potential property buyers may not be able to secure up to 90% financing. Instead, they may only get between 70% and 80%. They now need to have as much as 20% cash or equity, unless its a gift or a loan from your parents,” says Wong.
But Nixon believes that securing a loan is not a problem, especially for young property buyers inspite of the new loan rules.
“From what we've been hearing, it's not the younger generation that's been having problems getting loans, but instead, the older generation.
“This is because the younger generation don't usually have debts - at most it might be a car loan. We find that it's the older generation, those with several ongoing loans or debt that have problems getting their loans approved under the new lending guidelines,” he says.
Bank officer Razlan Hashim says potential property buyers should ensure that their monthly loan payment will not be a burden on their spending. “You need to ensure that the home you're buying is within your means,” he says. - The Star

High-rise living and the factors that work for you


IN a month or so, a relatively new developer will be officially launching his medium-rise serviced apartment project in Petaling Jaya. This will be his second project, his first being a commercial block in Jalan Ampang, Kuala Lumpur. This developer is building a home for multi-generational families as he and his partner believe that being Asians, there is always that desire for parents to live near or next door to their grown-up children and grandchildren.
In many ways, he is right. The relationship dynamics between parents and children, and between grandparents and grandchildren, are different. There is something about the presence of grandchildren that lifts the spirits of grandparents.
The demise of the extended families where three generations stay together under one roof and keep an eye on each other has led to many social family woes, not to mention the need for domestic helpers.
As more Malaysians opt for high-rise living some for security reasons, others for the facilities it offers the issue of how the elderly cope with condominium living has never really been examined. But it is a very pertinent subject because high-rise living is here to stay, and will become the norm as the country grows and progresses. This is particularly obvious in the Klang Valley.
About 10 years ago, a couple of reputable developers commented that to build a high-rise project with the elderly in mind would pose a huge challenge.
They said that cost, materials, design and layout would have to be carefully thought of and scrutinised. Door frames would have to be wider, steps would have to be done away with to be replaced with ramps. The fittings and shower doors would have to accommodate and suit the elderly. Tiles would have to be non-slip. The list was endless.
Their reasoning was, “why would I want to incur extra cost and accept a lower margin when I can just build a block for a young family and get a higher margin of profit?”
If developers were to take this stand, what will happen to all the people who live in condominiums today?
When a developer considers a project, the customers' profile is usually that of a young family.
Because of this, their focus towards aesthetics and the look and feel of the place become their all-important criteria, with form taking precedence over function.
The first issue is the physical aspects of the place. The second is the cost of maintenance. Even if can afford the monthly maintenance, the physical aspects of the unit may be a deterrent.
Recently, a friend in her 60s left her studio apartment to move into a two-room unit. She wanted the extra space as well as the basement car park that came with the new unit which her previous unit did not have.
Very often, when shopping for a home, there is a tendency to just consider the location and affordability. While these are over-riding considerations, if affordability is not an issue, it may be prudent to consider a project that will grow with you. That means a project that is flexible enough to cater to your needs through the ages.
That may come across as a tall order. But it is food for thought. In other words, it cannot be just a neatly arranged pile of bricks. There has to be some differentiating factors.
Which takes us to the sort of high-rise residentials that are being launched nowadays. Many of today's projects do not have any differentiating factors. That means an over-riding salient feature that sets it apart from the rest.
In the KLCC vicinity, for example, there is only one condominium which sits on a 50-acre park. Although the park is not part of the grounds, residents are able to access the park without having to drive. The same applies to another project in Sentul West, which is adjacent to a golf course-turned-park.
When buying into a high-rise, consider the factors that work for you. It may be an area that is close to your network of friends and family. Or it can be an affordability issue.
Particularly if you are buying to stay, it may be wise to consider what works for you, rather than just opting for a place because it is available.
If low-rise living within a three-minute drive to the KLCC is an important factor, there is something along Jalan Kia Peng. If living near a park and walking your dog is a criteria, then there are quite a number of choices in the Kepong vicinity. If living near some of Petaling Jaya's most popular and upscale amenities is important for you, there are quite a number of condominiums in Bandar Utama and Mutiara Damansara. Whatever these over-riding factors may be, they are personal to each of us.
Having said all that, there is one high-rise living concept that has been overlooked by both home buyers and most developers today a project that will serve as a sanctuary for all seasons, and one that grows together with you. - The Star
Assistant news editor Thean Lee Cheng says most of us will have to grow old in our pigeon-hole which makes it all the more important for developers to build with the elderly in mind.

Condo For Sale, Penang - Gambier Height







Gambier Height Condo For Quick Sale

Don't miss this golden oppotunity to own a unit in Gambier Height. Priced to sell quickly.

Gambier Heights is a medium-cost condominium complex in Bukit Gambier, Penang. It comprises five blocks of 23 storey apartments on freehold land. 

Built-up: Appx 900 sf
Extended and poolview
High floor
Price: To offer

Facilities

Facilities include security services, parking lot, swimming pool, waterslide pool, gymnasium, sauna, tennis court, badminton court, jogging track, barbecue pit, children's playground, cafeteria and mini market.

Location

It's location is off the main road, Jalan Bukit Gambier, with the Taman Gambier Flats between it and the main road.

If you are seriously looking for Gambier Height, please contact us now.


Condo Penang - Gambier Height Condo







Gambier Height Condo For Quick Sale

Don't miss this golden oppotunity to own a unit in Gambier Height. Priced to sell quickly.

Gambier Heights is a medium-cost condominium complex in Bukit Gambier, Penang. It comprises five blocks of 23 storey apartments on freehold land. 

Built-up: Appx 900 sf
Extended and poolview
High floor
Price: To offer

Facilities

Facilities include security services, parking lot, swimming pool, waterslide pool, gymnasium, sauna, tennis court, badminton court, jogging track, barbecue pit, children's playground, cafeteria and mini market.

Location

It's location is off the main road, Jalan Bukit Gambier, with the Taman Gambier Flats between it and the main road.

If you are seriously looking for Gambier Height, please contact us now.

Friday, April 27, 2012

What underpins home demand at developer sales — Ong Kah Seng


APRIL 27 — Recent private home buying in Singapore has focused on developer sales, particularly those for suburban condominiums. The focus is driven by financial considerations and innovative product designs.
Developer sales can be significantly pricier than resale homes in the vicinity but may still be attractive because the buyer “wouldn’t have to pay instantly”. The attraction lies in the progress payment schemes where mortgage financing is effective only when the project is completed, whereas a resale property requires one to commit immediately.
To some extent, therefore, developer sales offer the attractiveness of “instant gratification” where the buyer can already boast about owning a property during the construction stage.
Shoebox apartments, which staged record sales last year, have a special place among buyers who are single. Many such apartments were purchased directly from developers — meeting the preference among the younger, economically active buyers for future payments.
It remains to be seen if prospective buyers of shoebox apartments will be interested in the new developments that will be completed from the second half of this year. For those units which will be completed this year and the first half of next year, the bulk may have been bought without the sellers’ stamp duty and hence may be priced attractively in the resale market.
Special project designs have been successful in wooing buyers, with buyers willing to pay a premium of 10 to 20 per cent to resale properties in the vicinity, depending on the age of the completed properties.
With buyers increasingly discerning and more educated, developers now try to outshine one another amid ample new supply and, as such, have created new genres of properties that are fundamentally different from resale homes.
The individualistic mindset “to settle for only the best” means that well-designed projects will meet the hearts of buyers who have sophisticated expectations. A developer sale also offers a brand new property with a total sense of freshness. The feel and thrill of a brand new home is present in all developer sales, including far-flung properties.
Although the resale property market has been inactive for a while and has only just now begun to stir, it may not permanently lose shine to developer sales. The increased preference for developer sales will lead to a sharper contrast between the two sets of properties. This will allow these two types of properties to better cater to two different profiles of buyers.
Resale properties that are priced attractively will be able to woo buyers who have financing power. Interestingly, such buyers are the ones who ultimately purchase at lower prices. Resale properties can be a long-term investment gem and may allow the investor to top up his overall wealth faster than the rest.
Buyers of fairly new resale properties in convenient locations or tried-and-tested developments can also feel safer than buying new properties in far-flung locations, although many new places may present exciting growth opportunities in the long term.
A persistent dichotomy in the resale and developer segments will mean that resale properties that have average concepts will cater to practical but financially-ready buyers, whereas creatively-designed developer projects will have a role in continual product innovation in Singapore’s mature housing market.
Changes to housing developer rules have just been announced to improve transparency and accountability and enable home buyers to make better informed decisions.
The rules are a good move as they better protect the interest of the buyers, particularly as there are now more private home buyers, and these may include first-timers who do not fully know the property’s specifics in their pursuit of their dream home.
Still, the rules are unlikely to reduce future home-buying interest as it is difficult to discourage a home-seeker who has already psychologically tuned himself into the buying mode. The rules will therefore help to give a final layer of confirmation to the buyers’ decision.
Meanwhile, recent discussions on price sustainability have been on new cooling measures to cope with increased buyers’ interest. But if home buyers’ interest remain strong and this cannot be downplayed, then any measure must be effective in ensuring that such strong buying interest is well considered and lasting, mitigating the possibility of buyers’ remorse. — Today
* Ong Kah Seng is director at R’ST Research, an independent property market research company in Singapore.
* This is the personal opinion of the writer or publication. The Malaysian Insider does not endorse the view unless specified.

Thursday, April 26, 2012

Land For Sale, Batu Maung, Penang

Looking for land for sale in Batu Maung, Penang? If yes, you may wish to consider this:-


Located off Jalan Permatang Damar Laut, Penang
Freehold
With approved plan of 2 units of 2 storey Semi Detached
Good neighbourhood
Land Area: More than 9,000 sq ft
Rare opportunity, don't miss it, act now!



Good to be developed or for own stay.

Click here to contact us, Penang I Property for more information or viewing

Wednesday, April 25, 2012

House Property For Sale, Penang

2 Storey Detached House, Minden Height - Move In Condition 


Why this bungalow in Minden Height, Penang?

* Best with its location
* Near all amenities such as schools, shopping malls, restaurants, hypermarkets, banks, wet markets and etc.
* Near Penang Bridge & Tun Dr Lim Chong Eu Expressway
* Quiet neighbourhood
* One of the most sought after property in Penang

* Big garden & well kept
* Big car porch
* Priced to sell quickly
* Big rooms with attached bathroom
* Big living room
* Renovated & well maintained
* Plaster ceiling for the whole house

Rare Opportunity! Going, Going, Gone! 
* 2 Storey

* Land Area: Appx. 6,800 square feet
* Move in condition
* Tastefully renovated
* Plaster ceilings
* Fully air conditioner
* Big garden & big car pouch
* 6 big rooms + 1 maid room (5 rooms with attached bathroom)
* 6 bathrooms
* Priced to sell quickly at RM3mil only



Don't miss this bungalow in Minden Height, Penang!

What are you waiting for? View to appreciate!



If you are seriously looking for a bungalow in Minden Height, contact us now to inspect this lovely bungalow.



House For Sale, Penang


2 Storey Bungalow, Minden Height - Priced To Sell Quickly

Why this bungalow in Minden Height, Penang?

* Best with its location
* Near all amenities such as schools, shopping malls, restaurants, hypermarkets, banks, wet markets and etc.
* Near Penang Bridge & Tun Dr Lim Chong Eu Expressway
* Quiet neighbourhood
* One of the most sought after property in Penang

* Big garden & well kept
* Big car porch
* Priced to sell quickly
* Big rooms with attached bathroom
* Big living room
* Renovated & well maintained
* Plaster ceiling for the whole house

Rare Opportunity! Going, Going, Gone! 
* 2 Storey

* Land Area: Appx. 6,800 square feet
* Move in condition
* Tastefully renovated
* Plaster ceilings
* Fully air conditioner
* Big garden & big car pouch
* 6 big rooms + 1 maid room (5 rooms with attached bathroom)
* 6 bathrooms
* Priced to sell quickly at RM3mil only



Don't miss this bungalow in Minden Height, Penang!

What are you waiting for? View to appreciate!



If you are seriously looking for a bungalow in Minden Height, contact us now to inspect this lovely bungalow.