Penang Real Estate | Penang Property | Penang Properties: Cara Vista Apartment Wanted

Penang Real Estate | Penang Property | Penang Properties: Cara Vista Apartment Wanted: Calling All Owners of Cara Vista Apartment,
561 Wee Hein Tze Road, Tanjung Bungah Park, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Cara Vista Apartment now.

Therefore if you or someone you know in Cara Vista Apartment is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Cara Vista Apartment, please click here to contact us now. We shall be pleased to be of service.

Looking forward to reply soonest possible.

Thank you.

To contact us, Penang Property. Please click here.

For the list of Penang Property Wanted, please click here.

For listing of Penang Apartment For Sale, please click here.

For listing of Penang Apartment For Rent, please click here.

For more about Penang Property For Sale or Rent, please click here.

Please click here for Hot Deals That You Must See in our listing bank. Don't miss it!

Penang Real Estate | Penang Property | Penang Properties: Tanjung Indah Apartment Wanted Urgently

Penang Real Estate | Penang Property | Penang Properties: Tanjung Indah Apartment Wanted Urgently: Calling All Owners of Tanjung Indah Apartment,
565 Wee Hein Tze Road, Tanjung Bungah Park, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Tanjung Indah Apartment now.

Therefore if you or someone you know in Tanjung Indah Apartment is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Tanjung Indah Apartment, please click here to contact us now. We shall be pleased to be of service.

Looking forward to reply soonest possible.

Thank you.

To contact us, Penang Property. Please click here.

For the list of Penang Property Wanted, please click here.

For listing of Penang Apartment For Sale, please click here.

For listing of Penang Apartment For Rent, please click here.

For more about Penang Property For Sale or Rent, please click here.

Please click here for Hot Deals That You Must See in our listing bank. Don't miss it!

Penang Real Estate | Penang Property | Penang Properties: Marine Mansion Wanted

Penang Real Estate | Penang Property | Penang Properties: Marine Mansion Wanted: Calling All Owners of Marine Mansion Apartment,
559 Wee Hein Tze Road, Tanjung Bungah Park, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Marine Mansion Apartment now.

Therefore if you or someone you know in Marine Mansion Apartment is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Marine Mansion Apartment, please click here to contact us now. We shall be pleased to be of service.

Looking forward to reply soonest possible.

Thank you.

To contact us, Penang Property. Please click here.

For the list of Penang Property Wanted, please click here.

For listing of Penang Apartment For Sale, please click here.

For listing of Penang Apartment For Rent, please click here.

For more about Penang Property For Sale or Rent, please click here.

Please click here for Hot Deals That You Must See in our listing bank. Don't miss it!

Penang Real Estate | Penang Property | Penang Properties: Hillside Garden Apartment Wanted Urgently

Penang Real Estate | Penang Property | Penang Properties: Hillside Garden Apartment Wanted Urgently: Calling All Owners of Hillside Garden Apartment,
51, Jalan Loh Poh Heng, 11200, Penang

We are pleased to announce that we have ready & serious buyer for Hillside Garden Apartment now.

Therefore if you or someone you know in Hillside Garden Apartment is anticipating a move, we would like to hear from you soonest possible to further dissucss on the matter. Do not worry, professional services to your satisfaction is guaranteed.

If you are serious and genuine to sell your Hillside Garden Apartment, please click here to contact us now. We shall be pleased to be of service.

Looking forward to reply soonest possible.

Thank you.

To contact us, Penang Property. Please click here.

For the list of Penang Property Wanted, please click here.

For listing of Penang Apartment For Sale, please click here.

For listing of Penang Apartment For Rent, please click here.

For more about Penang Property For Sale or Rent, please click here.

Please click here for Hot Deals That You Must See in our listing bank. Don't miss it!

No immediate bubble risk for Malaysia's property sector

PETALING JAYA: The Malaysian property sector is not in any immediate risk of experiencing a bubble, according to property consultant CBRE Malaysia executive chairman Chris Boyd.

He said despite rising residential property prices, houses in Malaysia were still among the cheapest in the region.

“Residential property prices increased at a constant pace in Malaysia until 2009, but have been accelerating until recently.

“However, prices are not as volatile as those observed in Hong Kong and Singapore,” he said in a presentation during the 16th National Housing and Property Summit 2013.

“In comparison with selected Asian luxury residential prices, Kuala Lumpur remains one of the cheapest cities in the region,” said Boyd.

According to him, the average luxury residential property in Hong Kong costs nearly US$3,000 (RM10,200) per sq ft, compared with US$250 (RM850) per sq ft in Kuala Lumpur.

He pointed out that to overcome the issue of rising property prices, the Government had launched two schemes to make houses affordable, namely the Malaysia My First Home Scheme, which was introduced in 2011, and the1Malaysia Housing Programme, which came into effect in 2012.

Meanwhile, Universiti Putra Malaysia Housing Research Centre professor DatukAbang Abdullah Abang Ali said the recent Government initiatives were addressing the issue of rising prices but added that it was not clear if that was enough.

He said artificial increase in prices would create a bubble, noting that there was a serious mismatch between income and property prices, especially in the Klang Valley.

“This indicates that affordable homes are not being built to cater to the general market and most buyers in the Klang Valley are likely to be investors or speculators.

“As market prices head for a correction and speculation decreases, there may be an oversupply of properties above RM550,000.”

Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan, in his opening speech, said the Government had to mitigate excessive investment and speculative activity in the property market so as to prevent a property bubble.

“Moving forward, the Government would not hesitate to further tighten the fiscal policies in order to curb property speculation and ensure reasonable and affordable property prices in the country.”

Abdul Rahman said the low real property gains tax, which was increased from 5% to 15% last year, had not been effective in preventing the increase in house prices. - The Star

ASLI办“2013年房地产峰会” 房产泡沫危机回来吗？ 峰会主讲人各执一词

（吉隆坡27日讯）我国房地产会否陷入泡沫危机，抑或已处于泡沫危机中？

由亚洲策略与领导研究院（ASLI）举办的“2013年房地产峰会”上，各主讲人对我国的房地产会否陷入泡沫危机抑已处于泡沫危机中，各执一词。

恩纳斯张：勿提供孩子房贷首期

恩纳斯私人公司恩纳斯张，一针见血地为溺爱孩子的家长们发出警告，不要为没有摊还房贷能力的孩子提供房贷首期。

“千万不要将你的孩子推入坟墓，就算你的孩子月入8000令吉，不过要是没有能力偿还房贷，就不要为他们先付房贷首期。记得，银行不是慈善家，就算你告诉银行你有多少产业而要求获得房贷批准，你这么做只会送你孩子去死。”

他认为，虽然目前没有迹象显示，我国房地产处于泡沫危机中，不过房地产的价格只差应声跌下而已。

因此，他以黑色幽默警惕家长，“如果我是银行人员，我一定会先开枪毙了你，因为你这么做，等于杀死你的孩子。”语毕，哄堂大笑。

Govt mulls incentives to build more affordable homes

KUALA LUMPUR: The government is mulling more incentives to encourage developers from the private sector to develop affordable homes, said Housing, Local Government and Urban Wellbeing Minister Datuk Abdul Rahman Dahlan (pic).

"Can we give developers incentives in terms of getting rid of levies on foreign manual labourers and other tax incentives? Then we can get special incentives from the finance ministry. That might be something we can cover in the next Budget 2014 [in October]," he told The Edge Financial Daily.

"If developers are willing to build more affordable housing, we can do away with some requirements such as padang and mosques because they have informed me that up to 50% of the land is used to meet these requirements. 

"So let's say there is a similar amenity within a kilometre of that development, they don't need to build another one," he said.

The ministry is also considering ways to expedite the development of affordable homes. 

"For example, if developers have problems with their development plans with the local governments, we will step in and tell them ‘look, this is a special consideration, you must fast-track it'", said Abdul Rahman.

This is necessary as the private sector is expected to deliver about half of the one million affordable homes pledged by Barisan Nasional in its election manifesto in May.

The ministry is also mulling an alternative payment scheme for affordable homes, such as in the UK where the government helps cover part of the down payment.

"In the UK, you pay 5%, the government pays 25%, so that makes up the 30% [for a deposit], and you take up a loan of 70% to pay for your house. The government has an equity of your house. Within 10 to 15 years, it's payback time. There are many ways to skin a cat, I think," said Abdul Rahman.

He said the government loan to bridge the gap will carry a lower interest rate, which is enough to cover administrative costs, compared with a personal executive loan that has an interest rate of about 6%.


This article first appeared in The Edge Financial Daily, on August 23, 2013.

Ministry mulls RPGT increase to stabilise house prices

PETALING JAYA: The Ministry of Urban Well-being, Housing and Local Government is studying the possibility of increasing the real property gains tax (RPGT) to stabilise the prices of houses in the country.

Minister Datuk Abdul Rahman Dahlan said the current low RPGT has not been effective in stabilising house prices and it may need to be increased to curb unhealthy speculation in the housing market.

Abdul Rahman said this to reporters after launching the 16th Malaysia Housing and Property Summit here today.

On whether the move would be announced at the coming Budget, he said: "I wouldn't say that there will be an increase in RPGT in the coming budget. That will be entirely the prime minister's decision. As far as I'm concerned, we're studying the possibility and if it can cool down the market, it would be on the table."

He said RPGT was one of the government's policies that had a big and immediate impact.

Earlier in his speech, Abdul Rahman said the effectiveness of the RPGT to curb housing speculation has been questionable.In order to ensure the sustainable housing delivery system, the RPGT was reintroduced in 2011 to curb speculation and prevent the housing market from overheating, he said.

He said it was increased to 15 per cent in 2012 from 10 per cent in 2011 for property sold within two years.

However, the House Price Index by National Property Information Centre showed that in 2011 and 2012 the house price index recorded the highest increase for the last five years especially in Selangor, Kuala Lumpur, Penang, Pahang, Sabah, Perak and Terengganu, he said. - Bernama

Property developer SP Setia confident it will easily surpass RM5.5bil target

PUCHONG: Property developer SP Setia Bhd is confident that it will exceed its sales target of RM5.5bil by a comfortable margin, thanks to the hot demand for its projects in Singapore, London and Malaysia.

President and chief executive officer Tan Sri Liew Kee Sin said that as of June, the company’s sales had already reached RM4.6bil.

“We are going to revise our sales target a lot more than anticipated as 2013 has been a spectacular year so far. We have sold out our properties in Singapore, our Battersea project sales are also doing well.

“As far as local market is concerned, we are still banking on the sales of our Setia Alam and Setia Eco Park developments.

“About 60% of our sales are from Malaysia while the remaining are from our overseas developments,” he told reporters after the Trigon topping out ceremony that marked SP Setia’s completion of its SetiaWalk development on a 20.8-acre land in Puchong yesterday.

Trigon, with gross development value (GDV) of RM143mil, is a luxury condominium of 181 units is selling at RM700 per sq ft. It is part of the SetiaWalk hybrid developmennt with total GDV of RM1bil.

According to Liew, this would be the company’s last phase of development in Puchong as SP Setia has exhausted its landbank in that area.

“We would love to have more land bank in Puchong but it’s difficult to find any available land in this growth corridor linking to Putrajaya and Kuala Lumpur International Airport,” he said.

Going forward, Liew is excited on the company’s new development in Semenyih, dubbed the Setia Eco Hill, that is slated to transform the sleepy town into the conceptual residential area similar to Setia Alam and Setia Eco Park.

“We have about 1,700 acres of land in Semenyih where we have just launched our bungalow lots at RM100 per sq ft a few months ago.

“Next, we are looking forward to the launching of the linked and semi-detached houses next month.

“We will be able to finalised the number of units next month,” he said.

The total GDV for its Setia Eco Hill development is around RM6bil, according to Liew.

“Similar to all our developments, Setia Eco Hill is a conceptual residential area.

“Additionally, we have also taken into consideration to make the area very accessible to different modes of transportation.

“It is located next to the Lekas Highway, where currently a flyover is being built to connect the development to the road.

“Setia Eco Hill is also 10 minutes away from the upcoming mass rapid transit station in Kajang and it is only 20 minutes drive to Cheras,” he said.

Liew said the selling price of its property there was going to be about 10% higher than the existing property there as its development came with conceptual living environment and infrastructures.

“This is going to be a new growth driver for the company in terms of earnings from 2015 onwards,” he said.

Liew explained that the targeted market for Setia Eco Hill were people living in the congested area of Cheras.

“Similar to our development in Setia Alam, the majority of our customers are people living in Klang,” he said.

Currently, about 80% of SP Setia earnings are derived from its projects in Malaysia, but Liew anticipated this would change in five years time.

“This is because like our Battersea project in London, we already sold a lot of units but the earnings can only be recognised upon its completion in 2016.

“The same goes for our developments in Melbourne, where the earning could only be recognised in 2015,” he said. - The Star

IJM Land hopes to match 2012 performance

BY DANIEL KHOO
DANIELKHOO@THESTAR.COM.MY

Soam said the company had a ‘very high level’ of unbilled sales at the moment of around RM1.9bil to RM2.0bil that is expected to underpin its earnings for the next two to three years. - SHAHRUL FAZRY ISMAIL/THE STAR Filepic

   

Email

Facebook 0

PETALING JAYA: IJM Land Bhd chief executive officer Datuk Soam Heng Choonis hoping that the property developer would be able to match last year’s sales figure of RM2bil or beat it this year, depending on global economic conditions.

“In the first three months of the year, we have done in excess of RM500mil (in sales). Thus, we are on target but barring any unforeseen circumstances, as things look volatile and seem to be changing very fast,” Soam said at the company’s AGM yesterday.

Soam said the company had a ‘very high level’ of unbilled sales at the moment of around RM1.9bil to RM2.0bil that is expected to underpin its earnings for the next two to three years. In the first four months of its financial year 2014 (FY14) to end-July, IJM Land said it had launched RM1bil worth of property out of the RM3bil of property launches expected this year.

“Questions that have been posed to us of late revolve around the concerns in Asia especially. For us, we are ready to go to the market with most of our launches, but are also cautious as to what is out there,” Soam said.

“But locally in Malaysia, mortgage rates remain stable and the economy is still growing this year despite the slight change in forecasts. Property is also still a good hedge against inflation,” he added.

For the remaining part of its financial year, the company is expected to launch RM300mil of property in Penang, RM1.25bil in the Klang Valley and Seremban, RM300mil in the southern region and RM150mil in Sabah and Sarawak.

“The major projects would be Rimbayu Phase 3, Seri Riana Phase 2 in Wangsa Maju, and Seremban too. In the Klang Valley itself, we have five projects ongoing,” Soam said.

The property development arm of IJM Corporation Bhd, along with its parent company and plantations arm, will announce its first-quarter financial results for FY14 to end-June, 2013, later today, which Soam said would likely be “commendable”.

On another note, IJM Land is also slated to launch its build-and-sell Royal Mint Gardens residential apartments in the United Kingdom in September with a potential gross development value of £200mil (RM1.03bil). The project is a 51:49 IJM-led joint venture with another private UK-based company.

The company is also constructing RM500mil worth of office suites in Changchun, the capital of the Jilin Province in Northern China, in a build-and-sell concept expected to be completed in April next year. - The Star