Second Sign Coming

http://www.chinapress.com.my/node/292297

吉隆坡10日訊）今年是“買家市場”年，高檔公寓房產過去數年供應激增，加上需求放緩，買家擁有更大的議價空間，可趁此機會購入素質佳的二手高檔公寓。
　房地產服務公司威廉氏達哈和王（CH William Talhar & Wong，簡稱WTW）董事經理符儒仁指出，目前巴生谷高檔公寓供應達2萬2877間，平均住戶率僅達68%，在未來5年預計市場將出現1萬3716間新公寓，增幅約50%。
租金也降低
　“高檔房產需求仍在，只是供應增加，使購屋者或租客擁有更多選擇，屋主也必須降低租金或增設新家具，吸引租客。”
　他說，有意購置高檔公寓的購屋者擁有更大的議價籌碼，可考慮購買設施和社區發展成熟的二手公寓。
　他今日在WTW 2012年房產領域展望報告匯報會上說，成長放緩並不意味著價格下跌，建材成本增加，預計今年房產成交價值按年增幅達10%，但房產交易宗數按年增幅預計不超過10%。
　2011年交易資料顯示，城中城高檔公寓價格已回彈至07年水平，每平方呎售價介于800至2000令吉；滿家樂新計劃售價介于700至1200令吉。
　珍珠白沙羅（Mutiara Damansara）一帶價格介于600至700令吉。

　他指出，在租金方面，高檔公寓熱點地區租金，每平方呎介于4至5.50令吉，今年料將走滑。

Oversupply of retail and office space

Capital values for residential units would see some increases in 2012, but at slower rates compared with the past 18 months.

“Asking rents at most top buildings in the city centre are within the RM6 to RM10 per sq ft per month range, with only a few select buildings, such as Petronas Tower 2 and Maxis Tower, achieving monthly rents of RM10 per sq ft and above,” said the report.

Boyd said recent average transaction prices of Grade A office space generally range between RM800 and RM900 per sq ft. “But there are higher prices than these being achieved in the market. We have recently seen prices of RM1,100 sq ft or more in Kuala Lumpur Sentral and SP Setia Bhd's KL Eco City.”

Soo estimated that by 2014, the Klang Valley will have 53 million sq ft of retail space in 149 malls and hypermarkets.

However, Soo pointed out that only about 43 shopping centres and hypermarkets out of the existing 133 (or 30%) were performing well.


http://biz.thestar.com.my/news/story.asp?file=/2011/11/1/business/9811668&sec=business

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.

http://www.telegraph.co.uk/news/worldnews/asia/china/8799083/Chinas-richest-village-opens-its-own-skyscraper.html

http://en.wikipedia.org/wiki/Huaxi_Village

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.

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

http://online.barrons.com/article/SB50001424052748704900704576595091871806656.html

What's Now ?

Notice recently property market in Malaysia is cooling down .....
- There are fewer new property launches
- Fewer people looking for house, base on feedback from agents
- Government start exploring method to further bring down living cost, by limit 1 person 1 house....
- Fear of global economy recession
- Plunge in global stock market

==> All are negative news.

Guess now most people are at wait and see attitude, seeking for the direction....

On the other hand, oversea property investment start getting hot in Malaysia, especially UK, US and Australia .....People start leverage on weaker Pound Sterling (UK) and US dollar, and some start planning for their future kid study and acommodation (Australia, UK)....

http://www.starproperty.my/PropertyScene/PropertyNews/14841/0/0

Whither retail space?

Whither retail space?

PROPERTY developers might have a problem filling their up-and-coming malls with prospective tenants given the shaky global economy and cautious consumer sentiment currently.

This situation is compounded by the fact that Malaysia has an oversupply of retail space.

“Retail supply is growing despite the economic slowdown. Developers in all parts of Malaysia are still planning and building shopping centres,” says Henry Butcher Retail managing director Tan Hai Hsin.

Lucky Couple

This guy damn lucky, buy a house 300k-400k house and won a Mercedes at lucky draw during the appreciation dinner...

New homeowners win luxury car at developer’s gala dinner - StarProperty.my

Should you invest in overseas properties?

As the writer wrote, you can see there are so many advertisement nowaday for investment oversea, especially in weekend newspaper. Most of the sales/exhibition are held in 5-star hotels....

Actually, other than the low prices, there are not many plus points about them. The negative
points, however, are plenty!

There are some restrictions – maintaining green belt is one – that prevent certain lands around London Heathrow Airport from being developed. So while you can buy the land but as it will take years to be developed – if it ever will – it means that your money will be stuck there.

The costs of hiring agents, lawyers and property managers overseas are not cheap.

Another trap is the high property taxes.

There is also a huge over supply of properties

http://www.starproperty.my/PropertyGuide/Finance/14122/0/0

Double Dip Recession

The risk of double dip recession is rising.

And while economists disagree on just how likely the U.S. economy is to fall into another downturn, they generally agree on one thing -- a new recession would be worse than the last and very difficult to pull out of.

"Going back into recession now would be scary, because we don't have the resources or the will to respond, and our initial starting point is such a point of weakness," said Mark Zandi, chief economist at Moody's Analytics. "It won't feel like a new recession. It would likely feel like a depression."

Zandi said the recent sell-off in stocks have caused him to raise the odds of a new recession to 33% from 25% only 10 days ago.

Other economists surveyed by CNNMoney are also raising their recession risk estimates. The survey found an average chance of a new recession to be about 25%, up from a 15% chance only three months ago.

http://finance.yahoo.com/news/Double-dip-recession-would-cnnm-3944039611.html?x=0&sec=topStories&pos=1&asset=&ccode=

This is Very Very BAD !!!

The stock market buckled Monday under the weight of a crisis in Europe and danger of recession at home. Reeling from a downgrade of American debt, the Dow Jones industrials plunged 634 points.

It was the worst day for the market since the financial crisis in the fall of 2008 and extended Wall Street's sudden, sharp decline. Stocks have lost 15 percent of their value in just two and a half weeks.

The Dow finished the day down 5.5 percent (in 1 day). The point decline was the worst since Dec. 1, 2008, and the sixth-steepest ever. The average ended at 10,809.85, its first close under 11,000 since November.

Economists at Goldman Sachs peg the chances of another recession at one in three, most likely in the next six to nine months. The threat was barely talked about earlier this summer.

The turmoil in the U.S. markets was the end of a daylong rout that swept the world. Stocks lost 4 percent in South Korea and 2 percent in Japan, then 5 percent in Germany and 4 percent in France.

Mixed outlook for property in H2

Mixed outlook for property in H2

Rahim & Co executive chairman Datuk Abdul Rahim Rahman said: “The market is giving a mixed indication, but what is happening in the United States and Europe is very serious and will have an effect on this part of the world. For example, the take-up rates of newly-launched condominiums have been very encouraging with more than 60% sold just a few months after launching. However, on the rental market, leasing has been less active and rental rate has not increased that much.”

“We are not sure what will happen in the second half of this year, but we are taking a cautious stand,” said Kho.

He said the prices of landed units would continue to go but they are seeing a disparity between asking price and transacted price widening. This disparity was seen a couple of months ago, he said. Prices have gone up compared with the first half of this year but the increase was less.


“We expect this situation to continue - growing disparity between asking and transacted price,” Kho said.

India's Tata group to sell $700 flat-pack house

This company really "geng", first cheapest car, now cheapest house with 20 years life span...

The Indian company that launched the world's cheapest car has unveiled its latest product for the fast-growing nation: a flat-pack house that costs just $700 and can be built in a week.

The Tata group, maker of the $2,500 Nano car, said that the 20-square-metre (215-square-foot) home comes from a pre-fabricated kit that includes doors, windows and a roof.

"The basic model of a so-called "Nano" house will cost 32,000 rupees ($720) and will use coconut fibre or jute for wall cladding and interiors.

It has a life expectancy of 20 years.


India's Tata group to sell $700 flat-pack house - StarProperty.my

So Many Launching ...

Recently there are so many launching, I have jot it down in my note as to visit list, really have to squeeze my schedule to visit them one by one....

1. X2 Residences @ Puchong (http://www.x2residences.com/)
2. Millenia @ Puchong (http://millenniacity.com/)
3. The Green @ Taman Tun (http://www.bellworth.com.my/)
4. Akisama Kuchai Lama Project (http://www.akisama.com.my/)
5. 360 Designer Suite @ Serdang (http://ivonlai.blogspot.com/2011/07/univ-360-place-designer-suites-sri.html)

For those who have visited the projects, please do share your view here ....

This is Good News for First-time house purchasers

First-time house purchasers to get up to 105% financing - StarProperty.my

PUTRAJAYA: Datuk Seri Najib Tun Razak launched the 1Malaysia People’s Housing Programme (PR1MA) for first-time buyers to own homes of up to 1,400sq ft.

The Prime Minister said depending on the location, the houses would be priced at between RM150,000 and RM300,000 while the minimum size would be 800sq ft.

He said that buyers, making up those who earn not more than RM6,000 a month, would enjoy financing of up to 105% from selected financial institutions.

“The additional 5% is for insurance and Sales and Purchase legal fees.

“Also, the stamp duty is exempted as part of the Government’s initiative to lighten the people’s financial burden,” he said at the launch of the programme’s first phase at Precinct 11 here.

Najib said a total of 42,000 houses would be built in 20 strategic locations in the Klang Valley, Rawang and Seremban with eight projects expected to commence this year.

A 7.6-acre site in Precinct 11, Putrajaya has been chosen for the first PR1MA development which will be undertaken by Putrajaya Holdings Bhd (PjH). Other developers involved in PR1MA developments are Cyberview Sdn Bhd, Sime Darby Property, 1MDB, Malaysian Resources Corporation Bhd, S P Setia Bhd and Tradewinds Corp Bhd. S P Setia and Tradewinds Corp will jointly develop 10 acres of land in Bandar Tun Razak, Cheras.


"The applicants must be first time buyers for the PR1MA scheme and need to occupy the house and they can obtain loan up to 105 per cent from selected financial institutions with a payback period up to 30 years," he said.

Najib who is Finance Minister said that to prevent speculative activities among buyers whose intention was to sell for immediate profits, PR1MA house buyers were not allowed to sell the house within 10 years.

Bukit OUG condominium owners object to development project

Residents of Bukit OUG condominium in Kuala Lumpur voiced their objection against a project in the area at a meeting with City Hall (DBKL) officers yesterday.

The residents are objecting against the increase in density from 50 people to 500 per acre if the said the project, Lot 3001, is carried out.

Ho and his fellow neighbours are worried that traffic congestion will worsen with the development.

He said there were three projects, Lot 3001, Kiara Residence and Z Residence, planned on three plots of land.

Kiara Residence is a four-block 19-storey condominium project, while Lot 3001 consists of four blocks of condominiums.

“Even now without the new developments, the traffic congestion is bad. We can imagine how it will be after this,” added Ho.


Another cause for worry is the access road that will need cutting of a steep hillslope near their condominium.

http://wickinv.blogspot.com/search/label/OUG

Bukit OUG condominium owners object to development project - StarProperty.my

MAPEX

Dear Sir/Madam,

Greetings from Millennium Land!

We wish to invite you to attend our exhibition booth at MAPEX 2011, Malaysia Property Expo @ Putra World Trade Centre (PWTC) starting from this Friday till Sunday.

The full details are as below :

Date : 1st to 3rd July 2011 (Friday to Sunday)

Time : 10am to 9pm

Venue : Booth 4058 & 4069, Hall 4, PWTC

We look forward to your visit at our booth. See you there!

Warmest Regards,

Millennium Land

Klang Valley Housing Property Monitor (1Q2011)

City&Country: The Edge/CB Richard Ellis Klang Valley Housing Property Monitor (1Q2011)

“What is really moving are the smaller serviced apartments and condos of between RM450 and RM600 psf, which are selling very well. The market has evolved, with more activity in and excitement over smaller units in Petaling Jaya and the Kuala Lumpur suburbs than the KLCC area.



He highlights some potential hot spots for investors — Bukit Ceylon near KLCC; Setapak; Bandar Menjalara in Kepong; and Kota Damansara.
 
GOOD


The 1-storey terraced houses sampled in the monitor show y-o-y price growth across the board, with those in Taman Tun Dr Ismail’s (TTDI) Jalan Burhanuddin Helmi showing a 33.33% rise. The average price for this type of house in the area is RM600,000 now compared with RM450,000 a year ago
The next highest y-o-y price rise of 28% for 1-storey terraced homes was recorded in Bandar Sri Damansara’s SD2, SD3 and SD4 areas. The average price in 1Q was RM320,000 compared with RM250,000 last year.

For 2-storey terraced houses, prices in Bandar Sri Damansara’s SD10 area surged 41.03% from a year ago — the highest growth recorded among the sampled properties.

The values of 2-storey terraced houses in Bandar Utama’s BU12 also recorded a steep rise of 33.93% from a year ago. The average price of the property type in this area was RM750,000 compared with RM560,000 the previous year.



SO SO

Several areas maintained their values in 1Q, such as TTDI’s Jalan Athinahapan and Jalan Datuk Sulaiman; Bandar Utama’s BU1; Bangsar Baru; USJ4 and 6; and Puchong Jaya. Bandar Sri Damansara’s SD7 showed 10% average growth to RM550,000 from RM500,000 the previous quarter.


The high-rises that did not show any growth are TTDI’s The Residence and The Plaza; Mont’Kiara’s Lanai Kiara; USJ’s Goodyear Court; Bangsar’s Cascadium; Sri Hartamas’ Plaza Damas (Mayfair); and KLCC’s Stonor Park.

24/7 Wall St. has created a new list of brands that will disappear, which includes 

1. Sears
2. Sony Pictures
3. American Apparel
4. Nokia
5. Saab
6. A&W All-American Foods Restaurants
7. Soap Opera Digest
8. Sony Ericsson
9. MySpace
10. Kellogg's Corn Pops

http://finance.yahoo.com/family-home/article/112989/brands-disappear-2012-247

Another Milestone Achieved !

Another good news to Bangsar South residents. First, the relocation of hawker stalls at the entrance of Federal Highway. Progressively relocation of stalls at the end road towards the NPE Highway.

Kampung Kerinchi is transforming :)

http://www.starproperty.my/PropertyScene/PropertyScene/12724/0/0

It Works !

China Home Prices Cool as Government Steps Up Bid to Avoid Property Bubble

http://finance.yahoo.com/news/China-Home-Prices-Cool-as-bloomberg-1301365081.html?x=0&sec=topStories&pos=4&asset=&ccode=

Good to know that this actually work, in China. For Malaysia, the medicine haven't "take effect" yet even though the government have given few doses of injection, in fact the price is keep escalating still...