Thursday, October 20, 2011

Altitude 236 @ Bukit Manda'rina Cheras

New Launch !

Monday, October 17, 2011

I Was Robbed !

Today, I was robbed by a License Legal Entity, call BANK !

Whenever you sell your property within the bank lock in period, you need to pay penalty to the bank, or they they call it "Early Settlement Fee". The penalty rate is different for each contract sign, subject to your negotiation with Bank. Few years back the bank impose 2-3% penalty of the loan amount, which can reach RM6-9k for a Rm300k loan.

This is the clause I usually look at whenever I sign a loan agreement. However this so call License Financial Insitution getting very greedy nowaday, they will find every possible way to charge you as much they can. Mainly because they will earn less money when you settle the loan early than they hope. Some of the "creative" way I experience before are"

1. The Lock in period only start counting once FULL LOAN is disburse. Means you may serve partial loan payment during first 3 years during property construction period, but those 3 years is not counted as part of the lock in period. It only start counting after 3 years when FULL LOAN AMOUNT is release by bank.

2. Administration Charges. Some bank will impose thoudsands dollar of Admin Charges on top of early settlement fee. Maybe is quite expensive to hire secretary for bank I guess.

The latest one I kena is LOAN LEGAL FEE ! I opted for zero legal fee package when I signed the loan agreement, which I choose to pay higher interest rate than non-zero legal fee package. Today, the bank charge me the FULL AMOUNT of loan legal fee because I settle the loan earlier (sell house), not a single cent discount ! Damn ! 

Consequences: I serve higher interest rate loan for choosing zero legal fee package, and now I need to pay FULL loan amount without discount from lawyer. SHIT, I shall pay the legal fee myself and can get discount from lawyer directly!

Worse is this clause is never mentioned to me when I sign it, of course this is not a good argument as I myself signed without reading the terms carefully. Few minutes of laziness now costing me thoudsands dollar..... I feel like kena rape.....but worse is can't report to police as the rapist rape me legally...

Sunday, October 16, 2011

Property pointers

Property pointers -

“The global environment is changing. Strictly speaking, an upgrader sells the old house to buy the new. If he is going to hang on to the old, he will have to consider the rental market where yields are falling. He has to consider whether the market has peaked in the areas he wants to buy and whether it can go further and that may be unlikely in many areas. Value has gone above the normal governing fundamentals of price versus household income, and price versus rental returns.

“Prices will have to stabilise. When considering buying the larger residential units for investment, the question to ask is, Can you rent it out? Smaller units will be more feasible. But having said that, we are seeing a huge number of 400 sq ft units of service apartments being built. While these may be affordable, buyers must consider rentability. Access, connectivity and proximity to amenities are important. And if there are so many of these units, you may need to take a longer period to rent and to re-sell in the secondary market in today’s uncertain climate.

Steve Jobs and the 7 Rules of Success

1. Do what you love. Jobs once said, "People with passion can change the world for the better." Asked about the advice he would offer would-be entrepreneurs, he said, "I'd get a job as a busboy or something until I figured out what I was really passionate about." That's how much it meant to him. Passion is everything.

2. Put a dent in the universe. Jobs believed in the power of vision. He once asked then-Pepsi President, John Sculley, "Do you want to spend your life selling sugar water or do you want to change the world?" Don't lose sight of the big vision.

3. Make connections. Jobs once said creativity is connecting things. He meant that people with a broad set of life experiences can often see things that others miss. He took calligraphy classes that didn't have any practical use in his life -- until he built the Macintosh. Jobs traveled to India and Asia. He studied design and hospitality. Don't live in a bubble. Connect ideas from different fields.

4. Say no to 1,000 things. Jobs was as proud of what Apple chose not to do as he was of what Apple did. When he returned in Apple in 1997, he took a company with 350 products and reduced them to 10 products in a two-year period. Why? So he could put the "A-Team" on each product. What are you saying "no" to?  

5. Create insanely different experiences. Jobs also sought innovation in the customer-service experience. When he first came up with the concept for the Apple Stores, he said they would be different because instead of just moving boxes, the stores would enrich lives. Everything about the experience you have when you walk into an Apple store is intended to enrich your life and to create an emotional connection between you and the Apple brand. What are you doing to enrich the lives of your customers?

6. Master the message. You can have the greatest idea in the world, but if you can't communicate your ideas, it doesn't matter. Jobs was the world's greatest corporate storyteller. Instead of simply delivering a presentation like most people do, he informed, he educated, he inspired and he entertained, all in one presentation.

7. Sell dreams, not products. Jobs captured our imagination because he really understood his customer. He knew that tablets would not capture our imaginations if they were too complicated. The result? One button on the front of an iPad. It's so simple, a 2-year-old can use it. Your customers don't care about your product. They care about themselves, their hopes, their ambitions. Jobs taught us that if you help your customers reach their dreams, you'll win them over.

Monday, October 10, 2011

British house prices fall further in September

British house prices fall further in September: survey -

British house prices slid 0.5 percent in September, after dropping 1.1 percent the previous month, data from a top home-loans provider showed on Thursday.

Sunday, October 9, 2011

Steve Jobs: Rules For Success

Bicycle For Our Minds

China Richest Village

China's "model" village has given itself an ostentatious gift for its 50th birthday: a skyscraper tallr than the Eiffel Tower or New York's Chrysler building.

All the villagers have a wealth of at least more than one hundred thousand euros according to the local authorities. The residents have received free cars, and large single-family houses built by European standards.

Wednesday, October 5, 2011

Hong Kong Property Shares Look Cheap

The whiff of recession trailing in from the U.S., Japan and several European economies has sharply undercut Hong Kong real-estate shares, some of which are off 40% or more from the peaks. "The market seems to have discounted over a 50% drop in residential and office prices," says Jonas Kan, analyst for Daiwa Capital Markets. He says the selloff is "clearly overdone," since the shares' depressed values don't reflect underlying physical assets or corporate fundamentals.

Housing prices have fallen only marginally—on average 5% or so over the past three months—despite property stock prices that reflect some sort of Armageddon. Mortgage rates for most first-time home buyers remain affordable, at 3%, and money continues to flood in from rich mainland Chinese investors, who make up nearly 30% of buyers of new property developments. Analysts say it is unlikely that prospects for Hong Kong real estate will get worse unless there is a sharp rise in the current 3.2% unemployment rate in the city-state—something seen as a long shot, given the mainland's high growth rates. Overall, Hong Kong's deposit base has grown to HK$7 trillion (US$898 billion), from HK$2.7 trillion in 1997

Sunday, October 2, 2011

Another New Lauching @ Sri Petaling / OUG ?

KUALA LUMPUR: UOA Development Bhd and Vietnam-based Hoa Binh Construction and Real Estate Corp will jointly develop the Sri Petaling residential project.

The project would comprise 670 condominium units and would have a gross development value of RM400mil, UOA said in a statement.

It said work on the project was scheduled to commence in the fourth quarter for completion by end-2013.

Both companies signed a memorandum of understanding (MoU) yesterday.

As part of the MoU, a commitment was made by UOA and Hoa Binh to explore a synergy of construction capabilities for projects in Malaysia, Vietnam and other parts of the region.
UOA said it was confident that the strategic collaboration with Hoa Binh would complement its existing construction activities. — Bernama