I just created a facebook page, hope this can improve the communication and notification for any new update/posting
http://www.facebook.com/pages/Wick-Talk-The-Blog/192532054121433
Wednesday, April 6, 2011
Wick Talk on Facebook Now
I just created a facebook page, hope this can improve the communication and notification for any new update/posting
http://www.facebook.com/pages/Wick-Talk-The-Blog/192532054121433
Monday, April 4, 2011
OUG
Just to share some photo captured with my phone when I visited Bukit OUG a.k.a OUG Townhouse a.k.a Z Residence area...
Early bird catches the worm (Property industry focus by HWANGDBS Vickers Research; April 4, 2011)
Early bird catches the worm (Property industry focus by HWANGDBS Vickers Research; April 4, 2011)
- Properties near MRT stations tend to fetch 20-30% premium based on case studies. “Is the project near a MRT station?” could well be a FAQ soon.
- As for 2011 sector outlook, residential landed properties could see 10-15% price growth driven by scarcity of land and higher input costs. This is slower than 2010’s 15-25%, due to a higher base and increased supply (should be well absorbed given strong underlying demand for landed properties & accommodative bank lending).
- High-rise developments will likely continue to see lackluster rental growth due to large incoming supply (especially in KLCC and Mont’ Kiara). Capital values however are bottoming out (still 20% below peak), although foreign buyers have yet to return in a big way (rising enquiries).
- Niche developments such as Binjai On The Park luxury condos (with unobstructed view of PETRONAS Twin Towers & KLCC Park) is expected to continue to be the price setter, with recent transactions hitting RM3000psf (+15% y-o-y) and rentals of RM8psf. We also expect keen interest for properties near potential MRT interchanges, as seen from the strong demand for Capers@Sentul East and KL Eco-City launches recently.
- Klang Valley retail segment should see strong rental growth based on recent lease renewals (+10-30%) and improving retail sales. Occupancy rate is averaging ~85% while incoming supply is mainly at the suburbs (mostly pre-let).
- There is a general concern over the large incoming supply of office space in KL which could further dampen rental and push up vacancy rates. Office rental growth has been flattish in 2010 while average occupancy rate has fallen marginally by 1ppt to 92% in 4Q10. The successful implementation of ETP will help attract private and foreign investments which should help boost demand for new office space.
- Properties near MRT stations tend to fetch 20-30% premium based on case studies. “Is the project near a MRT station?” could well be a FAQ soon.
- As for 2011 sector outlook, residential landed properties could see 10-15% price growth driven by scarcity of land and higher input costs. This is slower than 2010’s 15-25%, due to a higher base and increased supply (should be well absorbed given strong underlying demand for landed properties & accommodative bank lending).
- High-rise developments will likely continue to see lackluster rental growth due to large incoming supply (especially in KLCC and Mont’ Kiara). Capital values however are bottoming out (still 20% below peak), although foreign buyers have yet to return in a big way (rising enquiries).
- Niche developments such as Binjai On The Park luxury condos (with unobstructed view of PETRONAS Twin Towers & KLCC Park) is expected to continue to be the price setter, with recent transactions hitting RM3000psf (+15% y-o-y) and rentals of RM8psf. We also expect keen interest for properties near potential MRT interchanges, as seen from the strong demand for Capers@Sentul East and KL Eco-City launches recently.
- Klang Valley retail segment should see strong rental growth based on recent lease renewals (+10-30%) and improving retail sales. Occupancy rate is averaging ~85% while incoming supply is mainly at the suburbs (mostly pre-let).
- There is a general concern over the large incoming supply of office space in KL which could further dampen rental and push up vacancy rates. Office rental growth has been flattish in 2010 while average occupancy rate has fallen marginally by 1ppt to 92% in 4Q10. The successful implementation of ETP will help attract private and foreign investments which should help boost demand for new office space.
What Happened To The People?
Nowadays everyone is asking, what happened to the property, the price gone up like crazy !!! ???
Actually, I would say what happened to the people actually instead of the property price? Everyone just buy anywhere and everyone......
In stock market, there is a saying that when everyone is talking about stock, it is about time to sell it. Does it apply to property market then?
A colleague of mine who is just graduated for 2 years told me last week she would like to invest in a property. I asked her is she looking for rental income or capital appreciation, she replied: "I dunno". Then I asked her why rush to buy then, she said that "I don't want to miss the chance mar, later 'cao poh' ler".
Another colleague of mine who is type of "conservative" people, whom strictly follow rules and steps at his work. Usually this type of people are those who do not speculate. But, he also start talking about property investment nowadays, and he is looking to buy another house to rent out and earn extra income.
What will happen if this kind of trend continue? Would there me more properties to let than more people who rent the house ? You think yourself lar.
Actually, I would say what happened to the people actually instead of the property price? Everyone just buy anywhere and everyone......
In stock market, there is a saying that when everyone is talking about stock, it is about time to sell it. Does it apply to property market then?
A colleague of mine who is just graduated for 2 years told me last week she would like to invest in a property. I asked her is she looking for rental income or capital appreciation, she replied: "I dunno". Then I asked her why rush to buy then, she said that "I don't want to miss the chance mar, later 'cao poh' ler".
Another colleague of mine who is type of "conservative" people, whom strictly follow rules and steps at his work. Usually this type of people are those who do not speculate. But, he also start talking about property investment nowadays, and he is looking to buy another house to rent out and earn extra income.
Sunday, April 3, 2011
Petaling Jaya Commercial Center
Just found out another big scale development at PJ area, by a developer name PJCC http://www.pjcc.com.my/
They just completed their futuristic sales gallery below, near NPE towards Sunway direction.
They have 33 acres of land bank, which they plan to build office, service apartment, hotel and retail lot within this area. Will pay a visit to the site soon, as for now I still have no clue where is the exact location of this place :)
http://www.theedgeproperty.com/news-a-views/6973.html
They just completed their futuristic sales gallery below, near NPE towards Sunway direction.
http://www.theedgeproperty.com/news-a-views/6973.html
How Much Does This View Worth?
How much does this view worth? Or put in another question, how much would you pay "extra" to get a property with this view?
Some people will pay RM100k for this, some RM200k, for exactly same property but with better view like above. How about you?
http://wickinv.blogspot.com/2010/07/external-factor-view-update-1.html
http://wickinv.blogspot.com/2010/06/external-factor-view.html
http://wickinv.blogspot.com/2010/07/external-factor-view-update-1.html
http://wickinv.blogspot.com/2010/06/external-factor-view.html
Saturday, April 2, 2011
About Cheras Maluri
Some write up for Cheras Maluri / Jalan Peel / Jalan Cochrane area. Those who have bought Amaya Maluri will be very happy after reading this :)
http://www.sunwaycity.com/upload/14%20Mar%20-%20A%20New%20Beginning%20Beckons%20-%20The%20Edge.pdf
http://www.sunwaycity.com/upload/14%20Mar%20-%20A%20New%20Beginning%20Beckons%20-%20The%20Edge.pdf
The Power of Marketing (Z Residence vs Sutera Maya)
Visited two properties launched today
1. Z Residence by Trinity Group
2. Sutera Maya by Home Flair
Z Residence is located right next to Bukit OUG, beside Kesas Highway. Layout start from 1200-1400++ sf. There are 4 blocks in total, each block have about 300++ units as there are 13 - 14 units per floor, serve by 3 lifts (be ready to grab a book to read whenever you wait for lift). In total there will be 1000++ units. Price wise, about RM340psf, selling from RM400k onwards.
Sutera Maya, located near OUG/Puchong, right opposite Akisama Parklane project. Layout 1300++ sf. There are less than 200 units in 2 blocks, very low density. Price wise is same range with Z Residence.
Personally, I prefer Sutera Maya over Z Residence, if buy for own stay purpose, as the density is lower and more important the access road is better than Z Residence (by comparing two property access road). Z Residence is heavily rely on the future LRT development and enhancement on existing access road. While for investment, both property not really look attractive either in term of capital appreciation or rental.
HOWEVER, TODAY, the crowd is crazy at Z Residence sales gallery, while there are only 1 or 2 people at Sute Maya. I can see quite a number of people rushing to book for Z Residence. Obviously the developer Trinity Group market their property well compare Home Flair. Trinity Group make their launch look much more grand, and their house model look bigger and modern, created good buying atmosphere as the crowd and competition make people look like it this is something should not be missing.
FYI, Developer is expert in heat up the environment until everyone worry they might miss the golden chance :)
1. Z Residence by Trinity Group
2. Sutera Maya by Home Flair
Z Residence is located right next to Bukit OUG, beside Kesas Highway. Layout start from 1200-1400++ sf. There are 4 blocks in total, each block have about 300++ units as there are 13 - 14 units per floor, serve by 3 lifts (be ready to grab a book to read whenever you wait for lift). In total there will be 1000++ units. Price wise, about RM340psf, selling from RM400k onwards.
Sutera Maya, located near OUG/Puchong, right opposite Akisama Parklane project. Layout 1300++ sf. There are less than 200 units in 2 blocks, very low density. Price wise is same range with Z Residence.
Personally, I prefer Sutera Maya over Z Residence, if buy for own stay purpose, as the density is lower and more important the access road is better than Z Residence (by comparing two property access road). Z Residence is heavily rely on the future LRT development and enhancement on existing access road. While for investment, both property not really look attractive either in term of capital appreciation or rental.
FYI, Developer is expert in heat up the environment until everyone worry they might miss the golden chance :)
Friday, April 1, 2011
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