Malaysia Property

CasaSuria – Sunway Alam Suria, 2-Storey cluster homes final phase

All sifus, was visiting Sunway sales at KD few weeks ago and the SA recommended this to me. Claim price is around RM600+ after discount.
Show house construction in progress, design looks good from broucher. Selling on the concept of every unit is a corner unit. Not sure is G&G or just guarded. DASH highway connectivity to Damansara. Checked Google map is about 20km one way from Damansara Uptown.
http://www.sunwayproperty.com/pd/alamsuria_phase2c.asp

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Anyone bought and mind to share your thoughts about this place and township, is it good for own stay? Quite interested.

Islamic house loan vs conventional,

based on this article http://moneyburp.blogspot.com/2008/10/unbe…nking-loan.html it says that islamic house loan calculates exactly like hire purchase (car) loan.. The interest (even thou that's not what they are calling it;they call it profit rate) is charged on the borrowed principal amount times the number of years up front. where as conventional loan, "Conventional loan uses principal or balance reducing method to calculate your interest. This means that the interest is charged based upon your principal balance every year. The principal will reduce whenever you make a payment. Every time you make a monthly payment, you are actually paying interest and reducing the principal with whatever left after paying interest. So, making extra payment to your loan at any times would definitely reduce the total interest charged as your principal is reduced."

is it true? thanks

Bad Experince buy Palm Spring, Dsara., C-G-13A currently cheveated

Bad owner refuse to sell / disappear after received 10%, refuse to receive any letter that send by my lawyer by hand.
Due to both of us appointed same lawyer because that time i thought same lawyer wil more easier and faster. After that my lawyer same very hard to sue the seller because seller don't answer call and don't want acknowledge receive letter, my lawyer ask me look for another lawyer he can't help. Sigh~
I tried to look many other lawyers, but none of them want to accept my case, because it was messed up by previous lawyer, they need study the matter, and i wil blame them if they failed to fight for me. So the case pending about a year.. even i also went to MCA about this, MCA said just think positive money can earn back as long i healthy should thanks god ady (WTF!)

After a year…
I managed found a good lawyer, after he viewed my case he very confidence he accepted the case and fight for me. Summon the seller ask him attend court…end up seller turned up and agreed ti sell. After a year property price increased ady but ofcuz we stil follow the S&P price which is signed on one year ago. So everything start over again, infront bank lawyer that this case reopen and continue. My lawyer on hand got many cases and he staff resigned..so my case pending and delayed but he did request seller to extend complete time. Seller lawyer extended once to me ady, so is excited 3+1 mths ady. On mth 4 nearly mth 5, bank lawyer oni infromed me tat she found my loan oni valid for one year frm te day i purchase the property (one year ago) now no longer valid, need to reapply/resubmit again!! And in this time seller rejected to sell and he gt right to forfeit my 10%..sob sob.

After a month…
my lawyer start chase me lawyer fees 10k, he said he done his job ady, juz the bank panel lawyer found my loan expired too late.

Dear all,
this is my bad experience, if you have any idea can help me…with appreciated plz PM me.

Property Title important,

I saw still many was bbb (blind buy bye).
Buy never ask, check & think.

Property title very important to meaning of what type of your property on hand.

Please buy with smart dont bbb.

Commercial title-soho, sovo, suite, duplex, service apt & etc.
Expensive of water supply, electricity (some will same rate with residential), cukai pintu, cukai tanah & etc.

Residential title-condominium, apartment.
Cheaper of water rate, electricity normal rate, cukai pintu & cukai tanah base on house rate.

To purchased highrise building must sure clean of strata title c/w CF approved before signed for handover keys.

Please correct me if wrong or welcome to add more details. This thread to guide our buyer ask before buy carefully.

SETIA SKY 88 JOHOR BAHRU | INVESTOR FORUM, Iskandar Malaysia's tallest residential

This is Accetera's first thread about projects in Iskandar Malaysia.

Since the popular SetiaSKy88 thread in SkyscraperCity Forums has been closed, I invite fellow forumers especially our friends from Singapore and Overseas to share their experience and thoughts here.

Developer: S P Setia Bhd

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Super325

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Source : http://www.facebook.com/168IM

The Sanderson – Rustic Luxury in Urban Setting

Established in 2002 the Newfields Group has ventured into the property development scene in 2004. They started with the Puchong Gateway, its phase 1 already complete since April 2009, and phase 2 in the process of completion. At the moment, another project of theirs would soon be launched in Sept 2010 – The Sanderson.

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Armanee Terrace II- Convenient Location

The Armanee Terrace II is one of the projects within this triangle that is aimed at a niche market that can afford the price of a 2-storey duplex condominium. There are a total of 518 units available, in a size much larger than its predecessor Armanee Terrace I – around 2000 – 4000 sq. ft. for each unit. Average cost for a single unit ranged from RM831,100 – RM3,618,500. The project will be completed in around June 2011.

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1120 Park Avenue – Affordable Avenue

The 1120 Park Avenue is the affordable residential unit; some refer to it as a medium-cost condominium, others prefer to see it as a serviced apartment. The residential titled building sits upon 12 acres of land, with 1120 units available, with a leasehold tenure of 99 years, starting from its completion date, which is expected to be in 2013 Dec. The price range for each unit is between RM160,000 to RM265,000, depending on your type of unit.

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Featured:

New record for KLCC property prices

PETALING JAYA: A new record for property prices in the heart of Kuala Lumpur is close to being set after two penthouses of the world-class Four Seasons Place were reserved at a whopping RM37mil each, sources said.

This works out to a princely price of RM3,026 per sq ft based on the 11,900 per sq ft size of each penthouse, outpacing the RM2,900 per sq fe record held by The Binjai On The Park based on a transaction last year involving 4,000 sq ft in Tower A of the development.

However, the Binjai project would still hold the record for the highest absolute price transacted for a residential property at RM38mil for one of its triplex penthouses sold in 2010.

The size of that Binjai penthouse was, incidentally, 14,300 sq ft, giving it a price of RM2,660 per sq ft.

The buyers of the two Four Seasons Place penthouses had reserved the units a few years ago, when the project was in its planning stage, the sources told StarBiz.

They added that when the project was launched by Prime Minister Datuk Seri Najib Tun Razak in early February, the same buyers had quickly reaffirmed their seriousness in purchasing the penthouses.

The Four Seasons Place is being developed by Venus Assets Sdn Bhd, with a gross development value of some RM2.8bil. It is a joint venture between tycoon Datuk Ong Beng Seng, the Sultan of Selangor, Tan Sri Syed Yusof Syed Nasir and Venus Assets director Datuk David Ban.

Venus Assets bought the prime 1.05ha site for RM90mil in 2003 from the estate of the late Khoo Teck Puat, the former major shareholder of Standard Chartered plc.

The sales office of the Four Seasons Place is in the process of securing the booking and down payment for these units.

The company had yet to respond to StarBiz’s queries as at press time.

Situated side-by-side on the 63rd and 64th floors, the penthouses are shell units, the property lingo for units minus any developer-built fixtures.

The sources said that one of the eight duplexes in the Four Seasons Place had been sold at RM2,750 per sq ft at an absolute price of RM20.3mil. The remaining seven duplexes have all been reserved.

There are 65 storeys in the Four Seasons Place, with a height premium of RM25,000 to RM30,000 for every floor going up.

Some 50% of the 242 residential units of the Four Seasons Place have been booked. They payments are coming in now, with 20% of down payments having been collected so far. It would be open to the public for sale from the third week of April, revealed the sources.

The sources added that surprisingly, most of the buyers were well-heeled Malaysians. The smattering of foreign buyers included Japanese, Hong Kong nationals and Taiwanese.

The Four Seasons Place in Kuala Lumpur is the first Four Seasons Place in South-East Asia. It consists of 11 storeys of hotel space, beginning from the eighth floor to the 18th floor. It also has five floors of retail outlets, three floors of serviced apartments, three floors of private carpark and four basement storeys. A 65-storey luxury hotel, residential and retail project in the vicinity of the Petronas Twin Towers in Kuala Lumpur City Centre, it will house the 231-room Four Seasons Hotel, 242 units of private residences and 300,000 sq ft of upscale retail space.

By The Star

E&O sells all 73 landed units of Villas By-The-Sea

GEORGE TOWN: Eastern & Oriental Bhd (E&O) has completely sold all the 73 landed properties in the RM260.6mil Villas By-The-Sea project.

The first batch of 40 two- to three-storey detached villas were sold and delivered to the purchasers in 2009, while the second batch of 33 units of three-storey detached and three-storey super-semi-detached villas were recently completed and delivered.

The project was a collaboration between E&O, CIMB-Mapletree Management Sdn Bhd (CIMB-Mapletree) and the Al Salam Bank of Bahrain, the parties who had signed an agreement in 2006 to jointly-develop the villas.

A private event was held in Penang to mark the culmination of this successful collaboration.

E&O was represented by deputy managing director Eric Chan Kok Leong, while the other two parties were represented by CIMB-Mapletree chief executive officer Raja Noorma Raja Othman and Al-Salam Bank chief executive officer Yousif Taqi.

Chan said in a press release that the group’s aim was to fulfil lifestyle aspirations and was grateful to its partners CIMB-Mapletree and Al-Salam for their confidence and trust in E&O.

Raja Noorma Othman said the secret to a successful joint venture lay in the insightful selection of players who would bring together a unique congruence and synergy of shared objectives and complementary capabilities.

Leveraging on CIMB-Mapletree’s unrivalled network and reach, we were able to bring together two other highly respected entities in Al Salam Bank and E&O to strike a tripartite partnership that delivers an award-winning end-product with an innovative and cross-border structure. We aim to emulate similar successes for our subsequent funds, she added.

Yousif, meanwhile, said the joint venture with E&O and CIMB-Mapletree had been a very fruitful one for all parties.

We couldn’t have asked for better partners to collaborate with in Malaysia. The trust in the partnership was apparent from the start and grew from strength to strength, said Yousif.

The 73 villas enjoy an excellent location in the world-class master Seri Tanjung Pinang development, which is one of Penang’s most sought-after residential enclaves, a preferred address among locals and home to more than 20 nationalities of foreigners.

By The Star

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