Category: Kuala Lumpur / Selangor Props
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2010: 148.2 million 2015: 400 million Wow!
Nope, nothing to do with 1MDB. You have been reading thousands of that on Facebook. This is about Magna Prima Bhd which has announced to the market that it is selling a piece of land in Jalan Ampang; Lai Meng School. In 2010, it paid RM148.2 million for it. The plan then was to develop…
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KL average property price down, now at RM714,000
All charts were provided by Michael Geh , Senior Partner of Raine & Horne and also the Vice-President of FIABCI Malaysian Chapter with numbers from NAPIC. Great news if you are thinking of KL. The average property price in KL has showed a drop instead of staying stagnant like the average property price for Selangor…
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So many empty units, why prices stayed the same?
Whenever we drive past some newer condo projects these days, many times the number of occupied units might just be 20 percent or 30 percent. True? I think this is true not just within the Klang Valley but also Penang island. It includes one of my old friend as well who bought a condo unit in…
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Huge developer, big intention, starting with Mont Kiara.
When the Chinese (China) developers descended upon Iskandar some time back, it awed many. A launching of a few thousand units was unheard of until Country Garden started it. Remember? Read here: Testing water with 9,000 units? No Malaysian developers can do that, yet. Malaysia is fast becoming a new ‘playground’ for them. Perhaps due to…
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Merger of OSK Holdings, OSK Property and PJ Development
The news has been circulating for some time but today, the shareholders of OSK Holdings Bhd shareholders has approved the purchase of OSK Property Holdings Bhd and PJ Development Holdings Bhd. for up to RM1.71 billion. In essence, OSK Holdings will buy 72.4 percent in OSK Property for RM346.4 million. New shares totalling 177.64million shares…
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Sentul properties? Average of RM387 psf. Interested?
Slightly over two years ago, I accepted an offer to work in KL and I brought my whole family along. My wife resigned and became a home minister instead. From our 1,258sf Balinese styled condo in Penang, we moved to a smaller 1055sf condo unit in Kelana Jaya. I do not think I should ‘downgrade’…
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Higher plot ratio better, right?
We have known of the crazy land prices in certain hotspots near KLCC. It can be as high as RM3,500psf and potentially even higher in future. In comparison, my friend’s uncle’s land somewhere in Teluk Intan was sold for just RM8 psf not too long ago. Haha. Yes. RM8 psf versus RM3,500 psf. What’s happening…
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KSL in Klang, RM2 Billion mixed development, 2018
A colleague asked me a question the other day over lunch. He said, ‘you know I live in Klang, do you think Klang properties would increase in price to be like Kuala Lumpur.’ I said, what do you think. He said he does not think so. We both laughed. Honestly, if we are working in…
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SP Setia: 800sf – RM170,000 and 900sf – RM200,000
Nope, that’s not a typo. It’s really the SP Setia with their Rumah Selangorku project. Slated to be launched soon. The smaller unit of 800sf would be priced at RM170,000 and the bigger one, RM200,000. I think, the bigger unit would be much more popular in this case. In a recent press conference, SP Setia…