High-end condo owners caught with rents down By Shannon Teoh KUALA LUMPUR, Jan 19 — Buyers are many but tenants are few for high-end condominiums in Kuala Lumpur, resulting in rental yields dropping by as much as 33 per cent in the past two years for investors. More people are buying up these multi-million-dollar units […]
YTL Land’s newly completed d7 redefines office spaces and property values in Sentul
d7, a stunning piece of seven-storey architecture is located on prime freehold land and features cutting-edge duplex sky offices, boutique offices with retail and F&B outlets encased in a lush landscaped courtyard atrium area. d7 is designed exclusively with the next generation in mind invigorating Sentul by infusing a new vibrancy into an area treasured […]
Meeting with residents over MRT
By THEAN LEE CHENG newsdesk@thestar.com.my | Jan 15, 2011 PETALING JAYA: The Land Public Transport Commission (LPTC) has organised two meetings today with members of the public affected by the construction and alignment of the country’s first mass rail transport (MRT) system. It will be the first of the many sessions by LPTC with residents […]
Citibank expects rate increase in second half
By Adeline Paul Raj Published: 2011/01/15 extracted: business times A 50-BASIS-point hike in Malaysia’s key interest rate can be expected this year as inflation rises in the second half, says Citibank Bhd. “Currently, inflation is not an issue. However, it could rise in the second half to Bank Negara Malaysia’s implicit tolerance threshold of 3 […]
SDP targets 15 property launches by end-June
By The Edge Financial Daily Friday, 14 January 2011 15:16 KUALA LUMPUR: Sime Darby Property Bhd (SDP), the property division of Sime Darby Bhd, is targeting 15 property launches before the group’s financial year ends on June 30. The launches include Indigo, comprising 26 units of zero-lot bungalows in USJ Heights in Subang this month […]
More property market measures announced
More property market measures announced By Mustafa Shafawi, Wayne Chan | Posted: 13 January 2011 1823 hrs SINGAPORE: The government has announced more measures to maintain a stable and sustainable property market. From Friday, the holding period for imposition of Seller’s Stamp Duty (SSD) will be raised to four years from the current three. The […]
Ivory to offer seaview villas in Batu Ferringhi
By Marina Emmanuel Published: 2011/01/ extracted: Business Times Semi-detached villas with unobstructed sea views along Penang’s famous tourism belt Batu Ferringhi are poised to be one of Ivory Properties Group Bhd’s latest offerings this year. The project which carries a gross development value of RM27 million will comprise only 11 units of the resort-style development […]
Feng Shui 2011: Top 10 spots to be redeveloped in the Klang Valley
By Sherry Koh | Jan 10, 2011 extracted: starproperty.my According to Prof Joe Choo, Feng Shui that is based on I-Ching (Book of Changes) explores the sources of cosmic, earthly and human energies. Cosmic energy refers to the planets which is something that we have to live with or accept; Earth energy refers to the […]
SunCity launches commercial development at Dataran Sunway
Jan 6, 2011 Sunway Nexis is an ntegrated mixed development at Dataran Sunway, Petaling Jaya. Sunway City Berhad (SunCity) has launched Sunway Nexis, its latest integrated mixed development located at Dataran Sunway, Petaling Jaya. Sunway Nexis is a commercial development comprising three-storey retail shops with sizes ranging from 4,133sq ft to 8,718sq ft priced at […]
Property and other loans growth poised to slow down
Tuesday January 4, 2011 By JEEVA ARULAMPALAM extracted: starproperty.my PETALING JAYA: Loans growth is poised to slow down as lending indicators are showing signs of moderation in credit expansion, said analysts. ECM Libra Investment Research expects household loans growth to slow down as property sales cool down amid credit tightening and policy measures to curb […]
Better transport system, affordable housing in 2011?
By The Real Estate By ANGIE NG | Jan 1, 2011 The MRT system should integrate seamlesly with other existing modes of transport such as the KL monorail. 2011 can be a year for the common folks and real estate industry players to celebrate if more timely efforts are expended to improve the overall living, […]
Mixed prospects in property sector
By ANGIE NG angie@thestar.com.my | Jan 1, 2011 extracted: starproperty.my Different outlooks for different pockets of sector. LAST year was quite an eventful one for the local housing market with strong demand and record prices registered in key property hot spots that included the Klang Valley and Penang. Concerns over potential overheating had culminated in […]
Dream house no more?
By DANIEL GROS | Jan 1, 2011 extracted: starproperty.my The dream of homeownership is very much alive in the emerging world. THE financial crisis that began in 2007 had its roots in excesses in the housing market that remained unresolved in 2010 – and that will continue to roil economies in 2011 and beyond. Everybody […]
Q&A: Is it better to go for fixed rate or BLR-based loan?
December 27, 2010 extracted: starproperty.my Dear Azizi Ali, The current market seems to be positive as prices of houses are soaring high especially in the Klang Valley area. Banks too had started to readjust the loan rates. BLR began to increase. This means that the sum that we are paying now may not be the […]
Emkay wants Cyberjaya land to build office towers
By Zaidi Isham Ismail Published: 2010/09/13 Privately-held property developer Emkay Group is on the lookout for land in Cyberjaya, Selangor, to build office towers. Its senior general manager Mazrita Mazlan said that office space was in demand and easier to sell, giving good returns to the group as foreign multinational corporations liked to buy floor […]
Demand for green buildings on the rise
By ANGIE NG Dec 25, 2010 extracted: starproperty.my With leading multinational corporations at the forefront to lease green office space, the demand for green buildings in Malaysia will continue to rise as environmental awareness grows and more companies embrace the practice of corporate social responsibility. Another driver is the growing body of evidence demonstrating that […]
US Home Prices Face Steep Declines In Several States
Published on: Wednesday, December 22, 2010 Written by: Property Wire Overall, US housing prices have slumped without government stimulus, while remaining out of a dreaded double dip, but don’t expect recovery by early 2011. Performance is uneven across individual markets, with the Midwest and South seeing the worst quarterly declines and Florida sinking to new […]
Q&A: What can l do if tenants breach the tenancy agreement?
Answering this reader’s question is Dr Peter Yee who started out as an educator. Along the way, he attained a long list of degrees including a Doctorate in Business Administration (DBA) from Golden State University, USA, majoring in Investment Management, a Master in Business Administration (MBA) from the University of Dubuque, USA, a Diploma of […]
Malaysian Property Market To Continue To Hot Up Next Year
KUALA LUMPUR — The property market will continue to hot up next year as no bubble is expected to emerge, said property consultants. They said strong buying interests were expected to come from foreigners and there would be more residential transactions in urban areas. The positive economic growth on the local front amid the grim […]
Tax on property rentals
Tuesday December 21, 2010 extracted from starproperty.my Tax Insights by Kang Beng Hoe IF you own a property that you rent out, you should know that besides the prospect for ongoing income and capital appreciation, such investments offer deductions which can reduce the income tax on your profits. However, what type of property investor are […]
Q&A: Is it a good move to sell my house and invest in a retail shop?
Dec 20, 2010 extracted: starproperty.my Dear Sir, I purchased my first property in year 1999 and second landed property, a double-storey link house in Puchong in year 2004 due to a job promotion/relocation to KL. Last year, I invested one double-storey and one service apartment in Bandar Puteri and Puchong Jaya respectively. Almost all my […]
Anxiety over soil erosion in Solaris Mont Kiara
By JAYAGANDI JAYARAJ extracted:starproperty.my 18 Dec 18, 2010 The slope next to the building in Solaris Mont Kiara. SOIL erosion on a slope facing the Duta-Ulu-Kelang Expressway (Duke) in Solaris Mont Kiara Phase II, is causing worry among residents and owners in the area. The slope is not only showing signs of soil erosion but […]
Analysts see a slower but steady property growth in 2011
By Melissa Chi extracted: themalaysianinsider.com December 16, 2010 KUALA LUMPUR, Dec 16 — Analysts said today property prices next year in the Klang Valley will continue to grow but not at this year’s skyrocketing rate. With property prices going up by more than 30 per cent in the past two years, they said many Malaysians […]
No woes from 5/95 home loans foreseen
By DANNY YAP Dec 14, 2010 extracted:starproperty.my Datuk Michael Yam … ‘We don’t foresee banks running into high levels of non-performing loans.’ PETALING JAYA: As the timeframe for repayment of homes purchased under the 5/95 home loan scheme draws near, all eyes will be on the ability of buyers to repay their loans amid forecasts […]
Q&A: How should I approach property investment?
Dec 13, 2010 extracted: starproperty Dr Peter Yee started out as an educator. Along the way, he attained a long list of degrees including a Doctorate in Business Administration (DBA) from Golden State University, USA, majoring in Investment Management, a Master in Business Administration (MBA) from the University of Dubuque, USA, a Diploma of Computer […]
The regeneration of Sentul
Saturday, December 11, 2010 When the YTL group took over Taiping Consolidated Bhd in 2001, one of the priced assets that came with it was a piece of land in Sentul. Much of the early concept for that master plan development stemmed from the Sentul KTM Komuter station and its tracks which split the 294-acre […]
Starproperty.my d2.TV online portal brings new dimension to property hunt
Dec 9, 2010 PETALING JAYA: Need information on decor and design, or on the dos and don’ts on improving your dream home? Look no further than StarProperty.my’s new online portal d2.TV featuring celebrities, real estate experts and rising stars of the realty and property market. A first in Malaysia, d2.TV will take viewers through heaps […]
Look for great bargains in the property market
Dec 6, 2010 by Michael Tan extracted:starproperty.my How do you look for properties that are BMV (below market value)? Firstly, join my course! But seriously, that’s the reason why I designed it in the first place. The programme was meant to ensure that you are able to find bargain properties over and over again ? […]
Penang houses are just ‘not affordable’
Dec 3, 2010 extracted: starproperty.my CAP describes prices for homes as exorbitant The average price of a house on Penang Island in 2009 was RM550,000 — the highest in the country and RM160,000 more than the average price of a house in Kuala Lumpur. State government think tank, Socio-Economic and Environ-mental Research Institute (Seri), said […]
What will you sacrifice for property?
December 2, 2010 Extracted: smh.au A consumer survey, released today, shows Australians’ passion for property is not waning. In fact, the survey suggests we’re more worried about the rising price of our electricity and water bills than we are about rising interest rates in 2011 – even though we expect more rates rises to be […]
Lease extensions to 99 years
By IZATUN SHARI starproperty.my | Dec 2, 2010 KUALA LUMPUR: State governments can approve applications for renewal or extension of leasehold land for a period of not more than 99 years unless they require the land for public purposes. Deputy Prime Minister Tan Sri Muhyiddin Yassin said all state governments had agreed to adhere to […]
Property buyers can benefit from M&As
By THE REAL ESTATE By ANGIE NG | Nov 27, 2011 PROPERTY buyers can hopefully look forward to wider choices, more innovative and quality property products to choose from if the spate of mergers and acquisitions (M&As) involving property companies translate into integration of skills, resources and innovation among industry players. With more Malaysians turning […]
Property prices rose only 3.3%
by LEE YUK PENG, TEH ENG HOCK and YUEN MEIKENG starproperty.my Nov 26, 2010 RESIDENTIAL property prices in the country rose only by 3.3% this year, said Deputy Housing and Local Government Minister Datuk Seri Lajim Ukin. Citing a survey conducted by the Global Property Guide, Lajim said the price appreciation of residential properties in […]
Mah Sing to unveil new home project valued at RM800mil
By DAVID TAN Extracted from wwww.estar.com.my | Nov 24, 2010 GEORGE TOWN: Mah Sing Group Bhd will unveil its RM800mil residential project on a 61-acre site in Batu Ferringhi in the first quarter of 2011. Group managing director and chief executive Tan Sri Leong Hoy Kum said the project to be known as Ferringhi Residence@Penang […]
M’sian city apartment price 2nd lowest in region
Wednesday November 24, 2010 KUALA LUMPUR: The average price of city apartments in Malaysia is the second lowest compared with other countries in the region. In a statement here yesterday, Global Property Guide (GPG) said according to its research, only Indonesia offered city apartments that were priced lower than those in Malaysia. In comparison, the […]
China cools hot property mart
Nov 23, 2010 BEIJING: Some of China’s top trust companies have halted property-related lending and investment following a regulatory order, four sources told Reuters yesterday. Seeing risks in rapid credit expansion to real estate projects, the China Banking Regulatory Commission (CBRC) last week instructed trust firms to assess the risks posed by their portfolios in […]
Most potential housebuyers prefer gated communities
Monday November 22, 2010 By SHAUN HO shaunh@thestar.com.my KUALA LUMPUR: Most prospective housebuyers seem to prefer to live in gated or guarded communities, said Plenitude Permai Sdn Bhd sales and marketing manager Erwin Ho. This was the trend he noticed among visitors to his company’s booth at The Star Property Fair 2010, he said. “I […]
Should the landlord be held responsible if his tenant defaults in the payment of utility bills?
Landlords and bills A landlord may be envied for being a property owner who generates income for himself by letting out his premises. Apart from the fact that to be a landlord, one needs to have financial resources or at least access to them, the role is not without its problems. Tenants who are in […]
Good news for housebuyers
Friday November 19, 2010 By RACHAEL KAM rachael@thestar.com.my PETALING JAYA: Strata titles for properties like condominiums, apartments and flats will be issued simultaneously when buyers get their keys under a proposed amendment to the current law. National House Buyers Association honorary secretary-general Chang Kim Loong said this was among its proposals, which had been approved […]
Property bubble fears weigh on Spanish recovery
Copyright AFP, 2010 | Nov 15, 2010 Knock-down home prices, idle cranes and builders forced to retrain for new jobs: despite sliding prices the spectre of a Spanish property bubble is hurting a fragile economic recovery. The new labour minister, Valeriano Gomez, summed it up when he took over at the end of October: “Three […]
More restrictions to ease property bubble?
Nov 13, 2010 THE rising prices of houses is still one of the hot topics among average Malaysians as the threat of higher inflation is growing by the day. The fact that Bank Negara had early this month imposed a lower loan-to-value ratio (LVR) for those taking up their third and subsequent mortgage loan shows […]
Sunway City launches A’Marine at Sunway South Quay
Wednesday, November 10, 2010 A’marine Sunway City Berhad (SunCity) continues its successful track record with the public viewing of A’marine, a luxury lakeside condominium in Sunway South Quay, located within the Sunway Integrated Resort City (SIRC). Themed ‘A Night of Carnival Excitement’, SunCity successfully sold close to 80% of its units. To date. A’marine has […]
Residents against more commercial buildings
By TAN KARR WEI | Nov 6, 2010 extracted : starproperty.my MORE talk of hijacked institutional land surfaced during a public hearing at the Petaling Jaya City Council (MBPJ) headquarters recently. About 20 Ara Damansara residents attended two back-to-back public hearings to raise their concerns about the proposed development of two projects on PJU 1A/20. […]
Make your millions safely and quickly from real estate—Part 2
Oct 29, 2010 extracted -starproperty by Michael Tan In the second part of this write-up, let’s look at the overall picture. Instead of asking which is better, primary or secondary market, ask yourself, “How many properties or how much in total value (RM) do you need to acquire before you can safely retire?” You should […]
Measures in Promoting a Stable and Sustainable Property Market and Sound Financial and Debt Management of Households
Bank Negara Malaysia wishes to announce with immediate effect the implementation of a maximum loan-to-value (LTV) ratio of 70%, which will be applicable to the third house financing facility taken out by a borrower. Financing facilities for purchase of the first and second homes are not affected and borrowers will continue to be able to […]
Cyberview sees 10% investment growth in Cyberjaya
By EDY SARIF extracted: starproperty Nov 3, 2010 CYBERJAYA: Cyberview Sdn Bhd, the landowner of Cyberjaya, is optimistic of achieving a further 10% growth in investment in Cyberjaya by year-end from the current RM3.19bil. “Giving the rapid growth of development in Cyberjaya, we are confident to achieve that growth through land sales for enterprise, commercial, […]
Supply and demand in real estate
Nov 2, 2010 extracted : starproperty.com You may have heard that the real estate market is cyclical, that it rises and falls as years go by. Supply and demand in the real estate industry can be defined by factors that are said to determine price ? the property the owner hopes to sell at a […]
Bank Negara likely to announce property curbs next week
By JAGDEV SINGH SIDHU extracted:starproperty.my| Oct 29, 2010 KUALA LUMPUR: Bank Negara is expected to announce next week measures to curb property speculation and a programme to create financial awareness for the youth, said sources. The introduction of a loan to value requirement for people buying their third house or more has been talked about, […]
Sime Darby Property reports strong sales at three townships
Oct 30, 2010 Sime Darby Property, Malaysia’s premier sustainable community developer, is achieving impressive take-up rates for three of its townships – offering enticing investment opportunities to property buyers. This is evidenced by the high rates of sales achieved from multiple residential property launches this year at its three townships namely Denai Alam in Shah […]
Student apartments no investment bargain
October 28, 2010 – 2:35PM In the annals of high risk property investments, arguably none has become a riskier place to put your money than purpose-built student accommodation. While analysts and pundits endlessly debate whether it’s better to target investment properties for capital growth versus rental returns, the argument is ultimately about what kind of […]