IKEA at Cheras/Ampang ?

Swedish home furnishing company Ikea has set its sights on densely populated Cheras and Ampang in Kuala Lumpur for a new store.

View the details here...

Rehda optimistic of property market outlook

Rehda optimistic of property market outlook

KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia (Rehda) is optimistic of the future prospects of the property market in Malaysia.

“For the first half of this year, the Rehda Property Industry survey for the first half 2010 showed that 62% of the developers were more optimistic of the market conditions compared with 43% for the second half of last year,” said Rehda president Datuk Michael KC Yam at a media briefing jointly held by Rehda and RAM Ratings Services Bhd yesterday.

The survey showed that 58% of the respondents had launched new projects in the first half of this year, a significant increase compared with 31% in the previous half, Yam said. ==> There are more choices for property investor

He said with the current favourable market conditions, the survey showed that 69% of the respondents would launch new products in the second half of this year. ==> Even more choices for second half of the year

“The majority of the developers also anticipated prices to rise in the next six months.
“About 41% said their properties will increase in value by less than 10%, while another 40% of the developers expect their property prices to increase from 10% to 20%,” he said ......

Damansara One @ Damansara Perdana

A project by the young director of Crest Builder, located at Damasara Perdana. No details available yet, those interested may email him directly at ericyong77@ericyong77.com

By the way, please don't confuse this project with the other one launched by MK Land at Damansara Damai, which is call "One Damasara". Really don't understand why can't they choose other name .....

Perfect Livin '10 PWTC 12-15 Aug 2010

http://www.perfectlivin.com/augpwtc-overview.htm

Casa Tropicana - Update 1

Have you ever see yourself how does golf view look like when viewing from the high rise building?
I am quite impress when I see it myself. Someone from Casa Tropicana (golf view, high floor unit) kind enough to post this picture in the Internet.

How much do you think this golf view worth? Let's assume there are two units available for sales, one is "normal view", another one is this magnificent golf view. How much more ($) you willing to pay for this view?

3Residen @ Melawati

Heard about this project since few years ago. No chance to visit the actual site until recently.

This project is located at the foot of the hill, surrounded by greenery. However it is also quite close to MRR2 highway, near TAR college. Not sure what is the "track record" for this Melawati hill, have phobia about hillside property due to Bukit Antarabangsa case.....

This is a low density project, with near high end price. Sime Darby have increase the pricing for this project (>RM100,000) compare to the price when they first launch it at 2007.

Today, the project is still under construction. Sime Darby just completed the show unit last month and there are still few units available. For those interested, you may see the details review by some professional here.

M Suites @ Ampang - Update 1

Visited the actual site. The location is very strategic, close proximity to KLCC. However this condo will be sandwich between Great Eastern mall and Wisma Perkeso. In order to enjoy a better view, you would need to choose a right facing with right level.


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Now I Know Why My Salary Increment "So High" This Year :)

Jobstreet.com 調查顯示


外國大專生薪水高

（檳城6日訊）Jobstreet.com總執行長鄭文基指出，根據調查，外國大學畢業生薪水在5年至10年內，平均比本地大學畢業生的薪水增長高出15至20%。

他說，在對3萬至5萬人展開抽樣調查后，發現外國大學畢業生薪水，比本地大學畢業生薪水增長率高。

“然而，新加坡國內外大學畢業生薪水增長率，並沒相差多少。”

DIBS - Developer Interest Bearing Scheme

DIBS - Developer Interest Bearing Scheme

This is a very common strategy developer use to market their product nowadays. It is something good to the purchaser as well, as it provide the purchaser longer time to save money while the property still under construction.

The reason I brought up this topic is this facility is provided by the Developer. It is not something "standard" in property transaction, therefore we need to be aware of the "terms and condition" tied to this scheme.

Recently there is some discussion about this DIBS in the Internet forum:

1. Bangsar South - Some of the purchaser sell their property before the property is completed and handover (VP). The developer is charging back the purchaser the interest they beared during the construction period.

2. Empire Damansara - In one of the agreement, the developer stated that they entitle to charge the purchaser 1% of the selling price if the purchaser sell the property before the strata title is issued.

As mentioned above, the scheme is not part of the standard HDA contract, therefore you need to pay particular attention when sigining the agreement to avoid billshock when you sell your property.