Wednesday, March 13, 2013

许廷忠:若废中、廉价屋条例 发展商愿建可负担房屋


(槟城12日讯)汇华产业集团执行主席拿督许廷忠个人认为,如果强制兴建廉价屋及中廉价屋条例废除,发展商将愿意一对一的兴建人民可负担房屋。
在受询人民可负担房屋的屋价时,他说,有“生活方式”的人民可负担房屋,屋价应该是介于25万令吉至30万令吉之间。
他透露,在目前,该集团在槟州的柏淡已动工兴建多达300单位的中廉价房屋,而这些房屋预料于今年杪竣工。他也相信在大选过后,政党的之间的斗争平息后,将能吸引更多中国的投资者前来槟城投资,包括投资产业。
他指出,在以往,该集团的锁定的外国市场为印尼及新加坡,但于未来,它锁定的市场却是中国及欧洲。他是于周二在该集团的一项新闻发布会过后,受记者询问时,如此指出。- 光华

Monday, March 11, 2013

As property prices soar M'sians face the dilemma to sell or buy, or is REITs the answer?


RISING property prices has has brought about two mind-boggling questions posed by property investors: Should I sell my property now that prices have risen? Should I wait for prices to fall before I buy another real estate?
These are hard questions to answer. New property owners are waiting for lower prices whilst current owners are raising their prices hoping to cash in on the price frenzy.
The bottom line is, we just don't know when real estate prices will ever stop escalating. Just when we think prices have stabilised, new property developments are launched at even higher levels!
Instead of buying actual bricks and mortar when investing in real estate, there is as an investment vehicle that offers investors a share in the real estate market in a far more liquid form with the potential to reap higher returns − real estate investment trust, or REIT in short.
Joyce ChuahJoyce Chuah
REIT is an investment vehicle that proposes to invest at least 50% of its total assets in real estate, whether through direct ownership or through a single-purpose company whose principal asset comprises of real estate.
The main investment theme for REITs is to own and invest in income-producing real estate which can include commercial buildings, shopping malls, hotels, resorts, self-storage facilities, warehouses, apartments and even car park spaces.
REITs are similar to unit trust funds that are professionally managed by an appointed management team to manage the underlying REITed' assets.
The benefit of owning a REIT is that an investor shares in the rental incomes of the real estate owned by the REIT without having to buy these assets directly.
Since it is a traded equity, an investor can profit from capital appreciation of its price as well and it is easily converted into cash by selling it.
Tenant management, maintenance fees, real property gains tax and other payments would usually be taken care of by the managers of the REIT, unlike owning a property directly.
In Malaysia, investors are also given a special withholding tax of 10% on the dividends received from REITs. First introduced in 2006, this is valid until Dec 31, 2016. - The Star

80,000 PR1MA homes for Klang Valley


KUALA LUMPUR: A total of 80,000 affordable homes will be built in the Klang Valley and Federal Territory, as part of the Govern-ment's wealth creation programme for the people.
Prime Minister Datuk Seri Najib Tun Razak said 1Malaysia People's Housing (PR1MA) homebuyers would be able to make immediate profits, as the houses would be sold for at least 20% below market value.
“Such wealth creation is rare. Prices of vehicles depreciate immediately after purchase, but PR1MA homebuyers can expect to make immediate profit, on paper, of between 20% and 30%,” he said when launching the PR1MA Alam Damai project in Bandar Tun Razak.
The project, by Transgreen Structure Sdn Bhd, in collaboration with PR1MA, comprises four types of 2,078 affordable homes on a 6ha parcel of land.
It is strategically located with access to the Middle Ring Road 2 (MRR2) and three MRT (Mass Rail Transit) stations proposed in Cheras.
Najib said the price of the units in Alam Damai would be announced after the local authority had issued the development order.
“But I guarantee that the prices will be at least 20% lower than market rates. If possible, we want it to be even lower than that,” he added.
The Government has so far announced 20,000 PR1MA homes in Kuala Lumpur, 8,000 in Putrajaya, and 2,000 in Labuan.
Najib waving from a show unit during the launch of PR1MA Alam Damai Cheras and PR1MA Homes Klang Valley in Kuala Lumpur. With him are PR1MA Berhad CEO Datuk Abdul Mutalib Alias (left) and Nong Chik (second from left) and PR1MA chairman Datuk Seri Jamaluddin Jarjis (right).Najib waving from a show unit during the launch of PR1MA Alam Damai Cheras and PR1MA Homes Klang Valley in Kuala Lumpur. With him are PR1MA Berhad CEO Datuk Abdul Mutalib Alias (left) and Nong Chik (second from left) and PR1MA chairman Datuk Seri Jamaluddin Jarjis (right).
“In view of the high demand and high cost of living, we plan to build another 50,000 PR1MA units in the Klang Valley, bringing the total to 80,000 units,” he told the cheering crowd.
The Alam Damai project is the first development to take place from PR1MA's plans to build 50,000 homes across strategic locations in the Klang Valley, including Cheras, Bukit Jalil, Sungai Besi, Brickfields, Jelatek, Glenmarie, Putra Heights, Cyberjaya and Setapak.
Titijaya, GlomacEkovest and Cyberview are among the developers that had pledged support to PR1MA to build affordable homes in these areas.
Malaysians aged above 21, earning between RM2,500 and RM7,000 a month and do not own not more than one home can apply for PR1MA units.
Earlier, Najib also hinted that the general election was drawing near.
Stressing that the Barisan Nasio-nal government took pride in delivering promises, Najib said the time to show appreciation would be arriving soon. - The Star

纳吉:让中阶人民购“一马房屋” 巴生谷将建8万房子


(吉隆坡10日讯)首相拿督斯里纳吉宣布,将在“一个马来西亚房屋计划”下,在巴生谷地区兴建8万间,以让巴生谷及吉隆坡地区的中阶收入的人民拥有第一所房子。
纳吉也表示,参与“一个马来西亚房屋计划”的发展公司在获得发展令(Development Order)后,政府将会公布,在该计划下兴建的房屋价格。
他补充,即使这些房屋价格还未获得公布,但是他保证在该计划下兴建的房屋价格将会比市价低20%,以确保价格是在人民所负担得起的范围。
他指出,这项计划不止是让月收入介于2500令吉至7000令吉的中阶收入人民拥有人生第一家房屋,也让他们在未来能够有更好的生活品质,及可从购买的房屋中赚取利益。

买破屋拾到宝 2投资家赚近亿


(华盛顿10日综合电)两名美国投资者最近乐疯了,因为他们用30万美元(约94万令吉)买了一间荒废的小别墅,而在这间别墅里,他们发现了价值3000万美元(约9320万令吉)的画作,这些画作属于前屋主——一位不得志的画家。
据英国《每日电讯报》报道,托马斯舒尔茨和拉里约瑟夫是纽约当地的两名投资客,他俩2007年在纽约长岛用30万美元买下了一间小别墅,准备将其修缮之后以40万美元(约125万令吉)的价格卖出。在清理房子时,他们发现了几千件抽象画,它们的作者属于同一个人——一位亚美尼亚裔的美籍画家——亚瑟皮那让。这位画家在这房子住了几十年,画作都是在这间房子里创作的。但画作并没有得到认可,皮那让于1999年郁郁而终,享年85岁。
两位投资客在买下房子时,皮那让的亲戚急于套现,便跟他俩说,那些画没啥用,扔掉就行了。但舒尔茨和约瑟夫留了个心眼,他们给了皮那让亲戚2500美元(约7770令吉)换来全部画作,希望能卖个好价钱。
另一个奇迹出现
于是舒尔茨和约瑟夫开始清点这些画,总共有7万幅作品,包括印象派画作,插画和一些二战士兵的素描。随着部分画作的公开,皮那让的声誉也日渐提高,许多画评家都认为皮那让是个被低估的优秀画家。舒尔茨说:“这栋房子是当地最小的,但里面发现的艺术品可能是艺术史上最重要的发现之一。”
目前,皮那让最优秀的50幅作品在纽约富勒大厦展出,据舒尔茨介绍,皮那让生前一直希望能在展示他的才华,但一直到死的那天都未能如愿。
不过,皮那让至少可以成为另一个“梵高”,死前籍籍无名,死后才名声大震。

Sunday, March 10, 2013

Penang Real Estate | Penang Property | Penang Properties: Silverton Condominium Wanted

Calling sellers of Silverton Condominium in Gurney Drive, Penang. If you are interested to sell your Silverton Condominum, kindly contact us to further discuss.

Penang Real Estate | Penang Property | Penang Properties: Silverton Condominium Wanted

To contact us, Penang I Property, please click here to contact us.

Penang Real Estate | Penang Property | Penang Properties: Medan Lumba Kuda Wanted

Those who is interested to sell his or her Medan Lumba Kuda in Taman Lumba Kuda, Penang, kindly contact us immediately.

Penang Real Estate | Penang Property | Penang Properties: Medan Lumba Kuda Wanted

To contact us, Penang I Property, please click here.

Penang Real Estate | Penang Property | Penang Properties: Development Land Wanted

Development Land in Penang & Kedah wanted urgently. Interested sellers kindly contact us immediately to further discuss.

Penang Real Estate | Penang Property | Penang Properties: Development Land Wanted

To contact us, Penang I Property, kindly click here.

Penang Real Estate | Penang Property | Penang Properties: Putra Marine Condo For Sale (C35)

If you are looking for a spacious condo at good location, this it is. Move in condition. Putra Marine Condo. More important it is priced to sell. Contact us for viewing now.

Penang Real Estate | Penang Property | Penang Properties: Putra Marine Condo For Sale (C35)

To contact us, Penang I Property, please click here.

Saturday, March 9, 2013

Hong Kong women are the longest-living people in the world


IT came as a real surprise to me when I was recently informed by a friend of mine that Hong Kong women are the longest-living people in the world.
Their average life expectancy stands at 86.7 years, overtaking Japanese women's longevity of 85.9 years recorded in 2011. This is indeed an astonishing piece of information given that Hong Kong was all this while perceived as a stressful place to live due to its high density and fast-paced environment.
Equally interesting is that Hong Kong men also hold an excellent life expectancy statistic with an average lifespan of 80.5 years based on an announced report from the Hong Kong government. Experts attributed Hong Kong's secrets of longevity to their modern healthcare, greater health consciousness and active lifestyle.
These remarkable facts dismissed the myth that high density living affects a person's quality of life. On the contrary, it may be a plus point to people's health and living quality as proven in this island's success story.
Hong Kong is a recognised model which ought to be examined with greater detail and the information gained may very well be useful in shaping Kuala Lumpur to become a world-class city and its citizen a healthy one in the near future. Special attention should be given to its high density development, excellent public transportation system and good pedestrian walkways, all of which have brought impressive growth, vibrancy and success to this compact city.
The fascinating story of this city begins with the fact that due to its mountainous terrain and rocky adjoining islands, only 23.7% of its total land has been developed. The remaining 76.3% is totally green as can be seen from Google Maps. Of this developed land, only 6.8% or 76 sq km has been used for residential purposes to house a 7 million population. To accommodate a large population in such a small area, the only option is to build upwards. Today, Hong Kong has around 6,588 high-rise buildings which have surpassed New York's 5,818 buildings, and has become a truly “skyscraper city”.
The high-rise residential properties are often built vertically without spreading too far from the city centre and nearby to transportation stations, commercial areas and shopping malls. This has allowed its people to enjoy the convenience and efficiency of their living environment like shopping and working all within convenient distance from their home. Coupled with an excellent public transportation system (such as MRT, bus, taxi, train and ferry) whereby 90% of its people have made good use of and the highest rate in the world at the current moment, its citizens are able to enjoy a balanced lifestyle.
The shorter travelling time has allowed its citizens to carry out their daily activities with ease, thereby keeping them relatively healthy and possibly, cheerful. This is perfectly assisted by good pedestrian walkways. Walking is viewed as an integrated mode of transport in Hong Kong. Their citizens are comfortable to walk as far as 1km to 2km for daily activities, and their walking pace is definitely much faster compared to the tourists in this beautiful city. This may well be another reason for the longevity of Hong Kong people as a rolling stone gathers no moss.
Hong Kong's story is a good representation of the development model depicted in my previous article, where high-rise living and public transportation work like flowers and bees, they link effectively to maximise efficiency. A city that grows horizontally instead of vertically will be difficult to sustain when it spreads out too far for public transport to reach and for commercial areas to serve the people economically and efficiently.
High density living complemented with efficient public transportation is a good model to be considered when we plan for MRT lines and property developments in our cities. A thorough and far-sighted planning will not only lead our cities towards a world-class standard, it may even contribute to better quality living and longer life expectancy of our people at the end of the day.
And by the way, with only less than one quarter of its land developed as mentioned earlier, Hong Kong remains one of the greenest cities of its kind in the world.
As a comparison, if only one quarter of KL is high-rise development like in Hong Kong, there would be 182 sq km of green out of 243 sq km of land area, approximately 97 times of Lake Gardens and Titiwangsa Park combined. - The Star
l FIABCI Asia-Pacific regional secretariat chairman Datuk Alan Tong has over 50 years of experience in property development. He is also the group chairman of Bukit Kiara Properties. For feedback, please emailfeedback@fiabci-asiapacific.com.