KUALA LUMPUR: The Klang Valley property market has been quiet in the first quarter of 2011 (1Q11). Though it has picked up, property consultancy PPC International Sdn Bhd does not expect the market to be vibrant in the coming months.
According to PPC, school and festive holidays in January and February — the New Year, Thaipusam and Chinese New Year — contributed to the slowdown which began at the tail end of 2010.
“However, there have been sporadic new launches of development schemes, residential deals, and retail and commercial transactions,” said PPC managing director Siders Sittampalam.
He added that 2Q would see some improvement over 1Q as there are more transactions of commercial and residential properties this month.
“We do not anticipate a very vibrant market in the following months given the current rise in prices of fuel and essential items and local and international events — such as the impending general election in Malaysia and natural disasters like the earthquake and tsunami in Japan, which may dampen the global economy.
“As the property market works within the framework of the economy, it is bound to be affected,” Siders said.
Other factors such as the reduction of the loan-to-value ratio to 70% for third-house buyers and the probability of further rises in interest rates could have an impact on the property market.
In its market review for 1Q11, Siders said the residential segment saw some new property launches in Shah Alam, Puchong, Damansara and Kajang with selling prices ranging from RM260,000 to RM5.4 million.
For landed properties, low-density developments were more popular with terraced and semi-detached houses in preferred locations within the Kuala Lumpur city fringes.
“Kajang, Puchong, Klang, Cheras and Sungai Buloh have been the popular locations for new launches,” the report said.
PPC said stratified properties such as condominiums and apartments are well sought after in the secondary market in locations within the Klang Valley as evidenced by the volume of transactions in late 2010.
“House buyers look for unique features and proximity to the city centre with good accessibility via highways,” said Siders.
The report noted that in 1Q, there were not many new launches of high-end residential properties, which could imply that demand for this segment had stabilised.
In the commercial/office sector, the report said that last year there were several new Grade A offices within KL City and its fringes, including Petaling Jaya. They are Hampshire Place, Menara Worldwide and HSBC’s new headquarters which add to the existing 59 million sq ft of office space.
“The asking rents ranged between RM5.50 and RM7.50 psf a month with the occupancy rate from 55% to 70%,” it added.
There are new office buildings due for completion from April 2011 to 2013 within Petaling Jaya, indicating an increasing supply of premises with better facilities. These include Plaza 33 in Section 13 that will have a net lettable area (NLA) of 500,000 sq ft and Point 92 in Damansara Perdana with 158,112 sq ft. Both are scheduled for completion next year.
In the retail sector, there is a rising trend of neighbourhood malls. These medium-sized shopping complexes have emerged largely to cater to residents who prefer to shop close to their homes to avoid traffic congestion and have more time for family-oriented activities.
Last year, there were new entries of medium-sized malls such as One Mont’Kiara, Empire Shopping Gallery (Subang) and SS Two Mall. Some new shopping malls to be launched this year and in early 2012 are Citta Mall, Ara Damansara and the Festive Mall in Danau Kota, Setapak.
Written by Siti Sakinah Abdul Latif
This article appeared on the Property page, The Edge Financial Daily, April 15, 2011.
Monday, 18 April 2011
Sunday, 17 April 2011
Tiara Mutiara Puchong -- Phase 1
Tiara Mutiara sits right in the centre of the triangle of PJ, KL & Puchong. Location-wise, it’s strategic. Federal Highway and Old Klang Road from the North, Putrajaya and Bandar Puchong via LDP & Jalan Puchong from the South, PJ from the West either via PJ Old Town entering into NPE, Old Klang Road or the LDP entering Jalan Puchong, and lastly Cheras from the East via either the East-West Expressway or Kesas Highway. It’s therefore accessible practically from any corner of KL & PJ.
Tiara Mutiara is a 6-acre development of self-contained commercial centre and it’s destined to be the gateway to KL Puchong region. Its total development will consist of – supermarkets, gym, fitness & recreational centres, shops and boutique offices.
It’s therefore an ideal place for lifestyle living and investment opportunities.
Features
~ Full condo facilities;
~ 3-tier security system;
~ Integrated intercom system;
~ Broadband internet facility ready;
~ Covered car park bays;
~ Kitchen Cabinet with Hob & Hood;
~ 2 sets of air-conditioners;
~ 2 sets of water heaters &
~ Tempered glass shower screen (all bathrooms).
It’s free-hold real estates with KL address. Easy ownership scheme with 10%:90% scheme. Zero-cost during construction & free legal fee for SPA.
Call Me now: +6012-408 3523 or email: kh_yklim@yahoo.com
You may also visit my "iAgent" website: http://limyk.iagent.my/.
Wednesday, 13 April 2011
The Edge real estate investment forum on 9th April 2011
KUALA LUMPUR: The annual The Edge Investment Forum on Real Estate once again drew overwhelming response, attracting a crowd of about 750 participants this year. The forum was organised exclusively for The Edge Malaysia readers who took time off to attend the half day forum at the Sime Darby Convention Center in Bukit Kiara, Kuala Lumpur, on Saturday, April 9.
This year's forum was themed, “Buy, Sell or Hold?". It was presented by UOB Malaysia and supported by S P Setia Bhd, the No 1 ranked developer in The Edge Top Property Developers Awards 2010.
The Edge Editor-in-Chief, Dorothy Teoh in her opening remarks said the number of participants at the investment forum continues to grow as property is a 'hot topic' and represent the biggest
investment in one's lifetime for many people.
The first speaker, CB Richard Ellis (M) Sdn Bhd's executive chairman, Christopher Boyd gave some of his views on whether Klang Valley property prices will continue to rise, followed by Ho Chin Soon, director of Ho Chin Soon Research Sdn Bhd who spoke on possible real estate hot spots along the proposed Mass Rapid Transit (MRT) line in Greater Kuala Lumpur.
Reapfield Properties senior vice president Gerard Kho then gave a few pointers about investing in shop offices, focusing on areas to invest in as well as some basic fundamentals to consider before buying.
Participants stayed on after a short coffee break for a panel discussion on the topic 'Build-then-sell: the impact on property prices. In the panel was Bandar Utama developer See Hoy Chan Holdings Group director, Datuk Teo Chiang Kok, UOB Malaysia's managing director and country head of personal finance services, Kevin Lam, and Rehda (Real Estate and Housing Developers Association) Youth member Sam Tan who is also executive director of Ken Holdings Bhd. One participants who only wants to be known as Kee, an auditor, said he found the forum enlightening and took notes of the presentations throughout the forum.
Another attendee who works as a manager a local bank said it was his first time attending the forum which is into its fifth year.
"I will definitely attend the next one. All the speakers had given so much information about property investment," he said.
Outside the hall, participants took the opportunity to check out the latest products at the booths of UOB Malaysia, S P Setia and Ho Chin Soon Research. Ten participants also took home Ho Chin Soon research maps via a lucky draw.
For the full coverage of The Edge Investment Forum on Real Estate 2011, read the April 18 issue of City & Country, the property pullout of The Edge Malaysia.
Wednesday, 6 April 2011
Property prices may jump 20%
KUALA LUMPUR: The Real Estate and Housing Developers’ Association (Rehda) Malaysia expects property prices to increase by up to 20% in the next six months on higher material and land costs, its president Datuk Seri Michael Yam said.
Yam noted that building material cost increased by between 5% and 10% annually. Steel bars, for instance, were priced at RM2,350 to RM2,580 per tonne at the end of last month, an increase of 30% to 40% from RM1,800 at end-2010. The average property price rise this year is expected to be about 13%, he added.
“The increase will range between 2% and 50%, depending on the location and the development type. With higher property prices, condominiums are a good buy inKuala Lumpur
The estimates are based on a half-yearly survey by Rehda among its members, comprising housing and property development companies, as at December last year. Some 135 out of 972 members from all states, or 14%, responded.
Yam noted that 58% of the respondents indicated that they have increased their launch prices by an average of 11% (minimum: 5%; maximum: 40%) in the second half of last year, compared with launches in the first half of last year.
He said a majority of the respondents were optimistic of the property market in the coming six months, while they anticipate the number of new launches to rise in the first half of this year.
Yam noted that building material cost increased by between 5% and 10% annually. Steel bars, for instance, were priced at RM2,350 to RM2,580 per tonne at the end of last month, an increase of 30% to 40% from RM1,800 at end-2010. The average property price rise this year is expected to be about 13%, he added.
“The increase will range between 2% and 50%, depending on the location and the development type. With higher property prices, condominiums are a good buy in
The estimates are based on a half-yearly survey by Rehda among its members, comprising housing and property development companies, as at December last year. Some 135 out of 972 members from all states, or 14%, responded.
Yam noted that 58% of the respondents indicated that they have increased their launch prices by an average of 11% (minimum: 5%; maximum: 40%) in the second half of last year, compared with launches in the first half of last year.
He said a majority of the respondents were optimistic of the property market in the coming six months, while they anticipate the number of new launches to rise in the first half of this year.
According to the survey, launches in the first half of this year in Kuala Lumpur
BothKuala Lumpur
Rehda exco member and treasurer Teh Boon Ghee said property prices inKuala Lumpur Kuala Lumpur
In general, properties launched last year were mostly terraced homes, semi-detached/bungalows, condominiums/apartments, serviced apartments as well as townhouses, the survey showed. Properties ranging from RM100,000 to RM500,000 were the most sellable, the survey stated, whilst properties priced between RM250,000 and RM500,000 were the most in demand. The Valuation and Property Services Department under the Finance Ministry had earlier forecast the property sector to contribute 19.6% to the 2010 GDP from 15.5% the previous year.
On the government’s My First Home Scheme announced recently, Yam said Rehda would appeal to the government to have a separate mechanism for properties inKuala Lumpur
“There are not many properties priced below RM220,000 inKuala Lumpur Klang Valley
In partnership with 25 financial institutions and banks, My First Home Scheme is designed for single adults and households earning no more than RM3,000, intending to purchase houses priced between RM100,000 and RM220,000.
Yam said many developers may need to review their future developments by building smaller units, where the condition may include higher plot ratio to encourage the construction of more affordable units, and ensure convenient transportation nearby.
Both
Rehda exco member and treasurer Teh Boon Ghee said property prices in
In general, properties launched last year were mostly terraced homes, semi-detached/bungalows, condominiums/apartments, serviced apartments as well as townhouses, the survey showed. Properties ranging from RM100,000 to RM500,000 were the most sellable, the survey stated, whilst properties priced between RM250,000 and RM500,000 were the most in demand. The Valuation and Property Services Department under the Finance Ministry had earlier forecast the property sector to contribute 19.6% to the 2010 GDP from 15.5% the previous year.
On the government’s My First Home Scheme announced recently, Yam said Rehda would appeal to the government to have a separate mechanism for properties in
“There are not many properties priced below RM220,000 in
In partnership with 25 financial institutions and banks, My First Home Scheme is designed for single adults and households earning no more than RM3,000, intending to purchase houses priced between RM100,000 and RM220,000.
Yam said many developers may need to review their future developments by building smaller units, where the condition may include higher plot ratio to encourage the construction of more affordable units, and ensure convenient transportation nearby.
This article is written by Racheal Lee & appeared on the Property page, The Edge Financial Daily, March 11, 2011 .
Friday, 1 April 2011
Listings for Rental in Desa Sri Hartamas
Along Jalan 23/70A
From Jalan 26/70A coming out to Jalan 23/70A, passed by Ali Cafe.
Jalan 24/70A
Jalan 26/70A
Jalan 25/70A
From Jalan 27/70A coming to Jalan 28/70A.
Desa Sri Hartamas definitely has a ready pool of customers and it's a mature "mini-township" that one can live and work.
Averaged rentals are as follows:
| Level | Rental (RM) for Intermediate Lots | Rental (RM) for Endlots |
| Ground | 7,000.00 to 9,000.00 | 9,000.00 to 16,000.00 |
| 1st | 2,800.00 to 4,800.00 | 3,000.00 to 5,500.00 |
| 2nd | 2,300.00 to 4,000.00 | 2,500.00 to 3,500.00 |
| 3rd | 2,000.00 to 3,500.00 | 2,300.00 to 4,000.00 |
Others available: 22 x 80 & 22 x 90, endlots as well as intermediate, bare / with renovation.
Available immediately.
Call Lim at +6012-408 3523 or email: kh_yklim@yahoo.com
Readers may also visit my iagent webiste for more listings: http://limyk.iagent.my/
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