Following up on MX-1 in Sungai Buloh which was won by Malaysia Resources Corp (MRCB). They are the lead partner and in an announcement said that they will be injecting RM816.6 million into the RM8 Billion GDV project. Size of the project is 26ha. A special purpose vehicle (SPV) would be set up for this … Read moreSungai Buloh, Rawang, distance, duration and emotional attachment.
Reported in The Star (16 August 2014), Raine & Horne executive director Lim Lian Hong says in Kuala Lumpur, condominium units dominate the residential sector with transactions accounting for 70% of the market. Developers are building even more high rise because this is more lucrative and condo units are now priced at RM700,000 per unit … Read moreKuala Lumpur new condos are now RM700k instead of RM600k last year
Many people said they prefer lower density condos. I told them, as long as it is well designed you should seriously think about higher density condos as well. For example, 600 units or above is also considered okay. I was talking about secondary properties but today Mah Sing showed that with a good brand, a … Read moreHigh Density, 1,244 units, 85% take up though starting from RM561,800.
Within the past two years, a few embassies have sold the land for which their building is on. The British High Commission sold theirs for RM294.97 million or RM2,200 per sq ft. Total land size was 1.22ha. (131,320 sf) It’s in Jalan Ampang. The German ambassador’s residence in Jalan Kia Peng is being valued at … Read moreProperty Prices, Prime Locations, Embassy Land Sale
Mah Sing announced recently about their RM3.4 Billion worth of development in both Penang and Kuala Lumpur over the next 5 years. Two of the projects would be located in Penang while another two would be in Kuala Lumpur. They are The Coastal (RM320 million) in Batu Maung and the Ferringhi Residence Precinct 2 (RM750 … Read moreLoan rejection, buyer quality, build quality and promises
No matter how rich or poor you are, you need a roof over your head, true? True. Next question, buy something within your budget but where? Far away and be jammed when it rains heavily or buy much nearer and closer but much smaller units? Walking distance to the new future MRTs. Prices in Hong … Read moreRoof over your head and ever smaller sizes? Hmm.
In my recent article on, Buying Penang properties? Affordability means RM600 – RM700psf., it received quite a lot of interest and it quickly became a top 3 article for the week. One particular person asked me, if this is true, then why are condos in Sungai Ara still below RM600 psf? Actually, all new … Read moreWhy is there a difference between current price and new launch price?
Building a new home in a few months instead of a few years. What’s the possibility of this happening here in Malaysia? Well, a Japanese Fortune 500 developer, Daiwa House Industry Co. Ltd (“Daiwa”) will enter into a Memorandum of Understanding (“MOU”) with Sunway Group (“Sunway) to undertake a study to examine the feasibility of … Read moreNew home in few months and not few years. Interested?
A close friend asked me a few days ago about a luxury condo project in Malaysia. Currently priced at over RM1.4 million. Yes, a luxury condo in Penang priced at over RM700 psf. My friend is over 40 years old and thus you may ask, but if she is able to pay for a RM1.4 million … Read moreAs people age, they may prefer condo lifestyle instead
In Penang it was recently reported in The Malay Mail (14 July) that one proposed high-density project in Taman Casa Permai, Tanjung Bunga does not violate Penang Hill’s development guideline and thus will proceed as planned. This was clarified by the state executive councillor Jagdeep Singh Deo who said he has already checked the project … Read moreNo violations, paid extra for breathtaking view and change of developer