Category: Kuala Lumpur / Selangor Props
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IF affordability = low quality
Are properties very expensive these days? It must be expensive since everyone I know say properties are expensive. In fact, whenever I write about how prices have risen, the clicks to that article increases. What about affordable properties? The new ones which are planned by both the federal as well as the state governments? Most…
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River of Life (ROL), Klang. RM4 billion land sale.
Would you like to enjoy a cup of premium coffee right beside the Klang river with your loved ones? How about bringing some of your overseas colleagues for Happy Hour right beside the Gombak rivers? There’s no need to show me your face. I know, I have the same idea. Answer is ‘of course not.’…
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Hua Yang: Manageable land cost, healthy gross margin.
If a developer tells you that any land purchase it made will be below 20% of the total gross development value (GDV) and that its gross margin is over 30%, would you buy its shares? I did not but many did. Perhaps I should just buy one thousand unit and keep as ‘fixed deposit.’ Hua…
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Emerging Trend or Desperation?
Did you notice that advertisements by property developers on television (TV) are increasing? Especially during the Chinese New Year period of 2015? There used to be just one name a few years ago. This year, I have counted 5. Eco World, SP Setia, Mah Sing, R&F and Country Garden. If anyone saw more than 5,…
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47 MNCs and 6,312 work opportunities
Many years ago I read about an entity called InvestKL. Their goal was to attract 100 multinationals (MNCs) to set up their regional hubs in Greater KL. As usual, lots of questions such as what is the size of these 100 MNCs, is the goal realistic, how much can these 100 MNCs help Greater KL…
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Taiwanese outbound investment growing. Malaysia included.
In an online news article, one Taiwanese consulting firm, Asia Pacific International Property forecasted that the total overseas investment from Taiwan will increase 50 percent to RM8.6 billion from the NT$50 billion (RM5.75 billion) recorded in 2014. Two reasons stated are due to the slowdown in the domestic market as well as the growing interest…
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IJM Land: Slowdown and the right products
When the slowdown comes, only the right products will sell. IJM Land believes it has the right ones. In an article in StarbizWeek, its chief executive officer and managing director Datuk Soam Heng said, “During a property market slowdown, people may take longer to decide and it may be harder to obtain financing from the bank,…
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KIDEX. Cancelled, Rejected or Coming back?
Selangor MB said that the project has been cancelled because the three conditions stipulated were not fulfilled despite the deadline of 14 February. The Selangor state government is thus announcing the cancellation of Kidex. The three conditions? As follows: – To disclose the project’s independent Traffic Impact Assessment (TIA) report, a Social Impact Assessment Report (SIA)…
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Property 2015 ‘slowing further’ – Moody’s.
Last year, REHDA Penang said 2015 would be a slower year where property transactions are concerned. Of course they were referring to their member’s predictions. In fact for primary properties, unless the developers are willing to re-plan and somehow roll out more affordable ones, the demand will continue to be weak. It has reached the…
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Studio Units, SOHO, SOFO, SOVO, the difference?
A close friend asked me about a Studio Unit below 600sf for a below RM450,000 price. ‘Should she buy?’ I answered her that I do not like to buy SOHO, SOFO, SOVO or whatever acronym they may call the units because it is just not my type. At least one friend who bought these small…
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Bukit Bintang City Centre, Eco World, UDA and EPF
A friend asked me about Bukit Bintang City Centre (BBCC). Yes, he is skeptical. I asked him if he is thinking of buying a unit. He said no because he does not think this project would be successful. I told him that it’s good that he has a different opinion than me because then if…
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GST: Prices down vs Prices up.
Just two weeks ago, a colleague had lunch with me and asked what would happen with GST in April. She has a condo which she may want to sell and all her friends said that sell only after GST so that she can get a higher price. Then, she also said that she is thinking…