Category: Kuala Lumpur / Selangor Props
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Sungai Buloh, Rawang, distance, duration and emotional attachment.
Following up on MX-1 in Sungai Buloh which was won by Malaysia Resources Corp (MRCB). They are the lead partner and in an announcement said that they will be injecting RM816.6 million into the RM8 Billion GDV project. Size of the project is 26ha. A special purpose vehicle (SPV) would be set up for this…
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Kuala Lumpur new condos are now RM700k instead of RM600k last year
Reported in The Star (16 August 2014), Raine & Horne executive director Lim Lian Hong says in Kuala Lumpur, condominium units dominate the residential sector with transactions accounting for 70% of the market. Developers are building even more high rise because this is more lucrative and condo units are now priced at RM700,000 per unit…
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High Density, 1,244 units, 85% take up though starting from RM561,800.
Many people said they prefer lower density condos. I told them, as long as it is well designed you should seriously think about higher density condos as well. For example, 600 units or above is also considered okay. I was talking about secondary properties but today Mah Sing showed that with a good brand, a…
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Property Prices, Prime Locations, Embassy Land Sale
Within the past two years, a few embassies have sold the land for which their building is on. The British High Commission sold theirs for RM294.97 million or RM2,200 per sq ft. Total land size was 1.22ha. (131,320 sf) It’s in Jalan Ampang. The German ambassador’s residence in Jalan Kia Peng is being valued at…
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Loan rejection, buyer quality, build quality and promises
Mah Sing announced recently about their RM3.4 Billion worth of development in both Penang and Kuala Lumpur over the next 5 years. Two of the projects would be located in Penang while another two would be in Kuala Lumpur. They are The Coastal (RM320 million) in Batu Maung and the Ferringhi Residence Precinct 2 (RM750…
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Why is there a difference between current price and new launch price?
In my recent article on, Buying Penang properties? Affordability means RM600 – RM700psf., it received quite a lot of interest and it quickly became a top 3 article for the week. One particular person asked me, if this is true, then why are condos in Sungai Ara still below RM600 psf? Actually, all new…
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New home in few months and not few years. Interested?
Building a new home in a few months instead of a few years. What’s the possibility of this happening here in Malaysia? Well, a Japanese Fortune 500 developer, Daiwa House Industry Co. Ltd (“Daiwa”) will enter into a Memorandum of Understanding (“MOU”) with Sunway Group (“Sunway) to undertake a study to examine the feasibility of…
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MIER, The ‘cooling phase’ and the right price and right attitude
In a report in The Star (24th July 2014), it was reported that Malaysia’s residential property segment has entered a ‘cooling phase’ in the first two quarters and will continue to be ‘moderate’ for the third quarter according to the Malaysian Institute of Economic Research (MIER). The main reason was because of the macro-prudential measures…
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RM2,300psf in KL and confidence of nearly full take up
Today, a good friend asked me about Penang property price per sf. I told her, I seriously think anything above RM1,000 per sf is considered too high based on the current Malaysian household income. This is despite the fact that there were already many projects in Penang exceeding that level. Then, I chanced upon a…