tag:blogger.com,1999:blog-31294407826851781612012-01-13T02:14:58.107+08:00Malaysia Properties for Sale / RentSales & Lease
Industrial / Bungalow / Commercial Building / Shophouse / Factories / Residential / Condominium / Agriculture LandCHONG LCnoreply@blogger.comBlogger10251100tag:blogger.com,1999:blog-3129440782685178161.post-76696640958702467852012-01-12T14:14:00.000+08:002012-01-13T02:14:58.119+08:00Skyscrapers have 'unhealthy' link to financial crises: bankCopyright AFP, 2012 | Jan 12, 2012
The construction of enormous skyscrapers has an "unhealthy" link with looming financial crises and investors should therefore keep a close eye on China and India, Barclays Capital said on Wednesday.
China is currently the biggest builder of skyscrapers, while booming India is constructing the second largest tower in the world, the investment bank said in its CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-87854790490343992932012-01-05T03:47:00.000+08:002012-01-05T03:47:40.695+08:00Homeowners to get grants04 January 2012 | last updated at 12:58am
By Stephen Ng
KUALA LUMPUR: Property owners in Desa Jaya and Taman Ehsan in Kepong will soon have a reason to smile because their qualified titles have been converted to permanent titles or grants.
Both housing estates were developed in the 1970s and '80s, but for nearly 30 years, they were still holding qualified titles to their properties.
A qualifiedCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-88686624423216387902011-12-29T16:11:00.000+08:002011-12-30T04:13:48.128+08:00Rumah mewah tak laku?ARKIB : 29/12/2011
PERMINTAAN tinggi rumah mampu milik menyaksikan pemaju lebih berminat membinanyapada masa depan. – Gambar hiasan
KUALA LUMPUR 28 Dis. – Pasaran hartanah kediaman diramalkan kekal menggalakkan pada tahun depan apabila rumah mampu milik dijadikan tumpuan.
Bagaimanapun, OSK Research berkata, pada masa yang sama segelintir pemaju juga lebih berhati-hati terhadap tinjauan kediamanCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-86176603947800517612011-12-23T11:35:00.003+08:002011-12-25T23:40:28.777+08:00Of property values and pricesPosted on 23 December 2011 - 11:19am
L-R: PEPS immediate past president James Wong, current president Choy Yue Kwong, organizing chairman Foo Gee Jen and former director general of the Ministry of Finance’s Valuation and Property Services Department, Datuk Mani Usilappan.
What do you get when you have several Malaysian property valuers all together in one room? Talk about the runaway increase inCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-31786944603616613662011-12-22T14:09:00.004+08:002011-12-23T02:13:07.271+08:00Property market to see a gradual slowdown next yearDecember 22, 2011
By Zarul Effendi Razali
KUALA LUMPUR: The Malaysian property market is likely to see a gradual slowdown next year, taking into consideration the uncertainty in the global economic situation.
President of Fiabci Malaysia, Yeow Thit Sang, said the high-end residential units were already seeing a slowdown both in pricing and the take-up rate.
“There are fewer expatriates from CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-53942171945679909382011-12-20T13:45:00.000+08:002011-12-21T01:45:41.667+08:00Singpore’s latest stamp duty hike to impact M’sian banksPosted on December 20, 2011, Tuesday
SUBSEQUENT RISK: The recent decision by Singapore’s government to temperoverheated property prices will most likely put a halt in the Malaysianbanks’ loans growth, in particular those with exposure to the neighbouring market.
KUCHING: Singapore’s recently-announced hikes on property stamp duty will most likely impact Malaysia’s loans growth, particularly CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-20505502695410594702011-12-20T13:30:00.002+08:002011-12-21T01:36:57.650+08:00Developers defend household property debtBy Lee Wei Lian December 20, 2011
KUALA LUMPUR, Dec 20 — The Malaysian Developers’ Council (MDC) has gone on the offensive against warnings of Malaysia’s high household debt levels saying that it is affecting the confidence of investors in the property market.
The council, which represents the three main developer associations from Peninsular Malaysia, Sabah and Sarawak said that articles CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-83170619588630729522011-12-19T15:45:00.001+08:002011-12-21T01:53:16.382+08:00Lease renewal for just RM1,000Written by Sharon Tan
Monday, 19 Dec 2011; 14:12
PETALING JAYA: Owners of leasehold residential properties in Selangor have reason to rejoice — they will no longer have to worry about hefty land renewal premiums when their leases expire.
Residents of Selangor will be able to renew land leases under the newly introduced Private Residential Ownership Scheme at an affordable token premium of just CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-29429328454505583442011-12-19T13:56:00.004+08:002011-12-21T01:57:54.462+08:00Billions locked in ‘dead assets’Posted on 19 December 2011 - 01:57am
Last updated on 19 December 2011 - 02:19am
KUALA LUMPUR (Dec 19, 2011): The recent tabling of the Housing Development (Control & Licensing) (Amendment) Bill in Parliament is a welcome move for housebuyers as it will give them more protection and rights besides putting a stop to developers from deliberately abandoning projects.
While the government's focus onCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-42128189416874052382011-12-09T20:40:00.000+08:002011-12-09T20:41:09.139+08:00S’pore property shares plunge on cooling moveFriday December 9, 2011SINGAPORE: Shares of Singapore developers fell sharply after the government took new steps to cool property prices with the toughest measures aimed at foreign buyers who have become increasingly visible in the residential sector.Effective yesterday, buyers who are not Singapore citizens or permanent residents will have to pay an additional 10% stamp duty when they buy a CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-78075235387884907452011-11-22T13:50:00.000+08:002011-11-23T01:51:18.425+08:00Property sector to feel impact from tighter lending, slower salesNov 22, 2011PETALING JAYA: The winds buffeting the property industry may become stronger with the introduction of guidelines by Bank Negara to rein in household debt which becomes effective from Jan 1.RHB Research Institute Sdn Bhd analyst Loong Kok Wen said in a report that these regulations would have an impact on the industry with the high-end segment of the market being more sensitive to CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-26645790005073204102011-11-22T13:43:00.001+08:002011-11-23T01:45:03.226+08:00Property deal slump exceeds Chinese stress testThe Irish Times - Tuesday, November 22, 2011SIMON RABINOVITCH in BeijingPROPERTY TRANSACTIONS in China’s largest cities have fallen to dangerously low levels.According to documents obtained earlier this year by the Financial Times, the China Banking Regulatory Commission (CBRC) ordered domestic banks to weigh the impact of a 30 per cent decline in housing transactions in “stress tests” aimed at CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-77248195651217947272011-11-11T14:30:00.001+08:002011-11-23T02:31:45.159+08:00Hopes of owning ‘my first home’ dashed by red tapeFriday November 11, 2011I HAVE in my employ a young Bumiputra lady, aged 30, who has been working for six years as a junior secretary. Her salary is in the range of RM1,700 a month. She is married with two young children and is looking forward to purchasing her first home.With the news recently about the Government making it easier for young people to buy their first home under the My First Home CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-51493582620910629952011-11-07T23:57:00.000+08:002011-11-23T01:59:10.308+08:00Singaporean home buyers look to JohorPosted on 7 November 2011 - 07:58pmEVA YEONGsunbiz@thesundaily.comKUALA LUMPUR (Nov 7, 2011): The long queue for public housing in Singapore and high prices in the secondary market have resulted in more Singaporeans buying property in Johor and the Iskandar region, a Singapore real estate agent said.Institute of Estate Agents Singapore immediate past president Jeff Foo said it is taking longer CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-81699315846592440092011-10-30T19:34:00.000+08:002011-11-23T02:36:15.863+08:00Slow response to My First Home loanPosted on 30 October 2011 - 07:18pmBY KANG SIEW LIsunbiz@thesundaily.com PETALING JAYA (Oct 30, 2011): The number of people applying for loans under the government's "My First Home Scheme" has been small so far, say sources, citing the strict lending criteria and the ongoing debate over raising the household income limit eligibility and the ceiling price of houses under the scheme which is CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-29775238407362441702011-10-16T15:42:00.001+08:002011-10-19T03:53:59.892+08:00Najib’s property gains tax ‘ill-advised’, says HBABy Lee Wei Lian October 16, 2011KUALA LUMPUR, Oct 16 — The National House Buyers Association (HBA) claims the prime minister’s revision of the Real Property Gains Tax (RPGT) was “ill-advised” as the new rate announced in Budget 2012 would only drive property prices up further.HBA Secretary General Chang Kim Loong said this was because the revised rate would have little impact on short-term CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-31191518419184939102011-10-13T14:30:00.000+08:002011-10-15T02:31:21.169+08:00No property bubble, says ChorPosted on 13 October 2011 - 11:31pmLast updated on 13 October 2011 - 11:36pmBY PREMALATHA JAYARAMANsunbiz@thesundaily.comPETALING JAYA (Oct 13, 2011): The slowdown in property sales in the country is not a sign of a property bubble, said Housing and Local Government Minister Datuk Seri Wira Chor Chee Heung."I do not think so because we (Malaysia) still have not reached that stage. If this is the CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-75925658705634826332011-10-12T14:31:00.000+08:002011-10-15T02:32:41.355+08:00Housing act amended for benefit of building ownersNews 2011-10-12 17:13KUALA LUMPUR, Oct 12 (Bernama) -- The Ministry of Housing and Local Government and the Ministry of Natural Resources and Environment will amend the Strata Title Act 1985 and the Building and Common Property Act 2007 to protect the interests of strata property owners.Housing and Local Government Minister Datuk Chor Chee Heung said the amendment to the existing housing act wasCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-10716704037436039222011-10-08T14:41:00.000+08:002011-10-15T02:43:24.707+08:00RPGT increased to 10%Saturday October 8, 2011By THOMAS HUONG huong@thestar.com.myUnder Budget 2012, it was proposed that a real property gains tax (RPGT) of 10% be applied to properties held and disposed of within two years.Meanwhile a rate of 5% will be maintained for properties sold within the third, fourth and fifth years after purchase.The current RPGT, imposed after Budget 2010, is 5% for all properties sold CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-20273160864876323352011-09-27T05:17:00.000+08:002011-09-27T05:18:41.732+08:00House prices to rise, costlier materials blamedPublished: 2011/09/27KUALA LUMPUR: Property developers will be forced to raise prices of residential properties by as much as 20 per cent due to rising cost of building materials The Real Estate and Housing Developers' Association Malaysia (Rehda), however, does not think this will lead to a property glut. "In Malaysia, there are very few investment portfolios that one can hold. Besides stocks CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-4919369164436762462011-09-22T17:12:00.002+08:002011-09-27T05:14:42.606+08:00Property owners unhappy with lease extension schemeThursday September 22, 2011By JADE CHAN jade@thestar.com.myMANY property owners in Bukit Gasing and Taman Medan, Petaling Jaya were unhappy with the government’s land ownership scheme for private residential buildings in Selangor. The expression on the faces of those who attended the briefing yesterday said it all.The Petaling District Office, together with the Bukit Gasing and Taman Medan state CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-57928708319923582692011-09-17T17:22:00.001+08:002011-09-27T05:24:27.566+08:00Glut dampens market value and rental of condosSaturday September 17, 2011LIVING MATTERSBy ANGIE NGSINCE the high-end condominium market took a beating following the global financial crisis in 2008, their values have been left pretty much battered even today. Investors who got into the market around the peak must still be quite disheartened by the market's lethargy.The big supply coming onstream has also been a dampener on property values andCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-88090617816976957062011-09-13T23:45:00.000+08:002011-12-25T23:50:45.550+08:00Malaysian govt to consider limiting home purchasesSep 13, 2011 - HomeGuru.com.my
The Malaysian government may impose a one-house-per-individual restriction, according to Datuk Seri Ismail Sabri Yaakob, Minister of Domestic Trade Cooperatives and Consumerism.
He said that any individual who wants to acquire a second home must sell his /her first house and that the government is studying the possibility of approving only 10 percent rental CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-6152769923040679982011-09-05T14:34:00.004+08:002011-09-07T02:39:42.800+08:00BNM proposal could hit property buyers, says RHBBy Lee Wei Lian September 05, 2011High-end properties will be hardest hit if the new ruling comes into effect, saidRHB. — File picKUALA LUMPUR, Sept 5 — A change in the way mortgages are calculated might slash the amounts that the public can borrow for property purchases by as much as 37 per cent, said RHB Research Institute in a report today.RHB said that the proposal to change the computation CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-52223871170042860192011-09-04T01:20:00.000+08:002011-09-05T21:24:08.314+08:00Taman Lestari PerdanaOwners of semi-detached (Semi-D) house at Jalan LP 4 or LP 5 please contact me as soon as possible if you would like to sell your property.You can call me at +6.012-697.44.68 / +6.019.396.74.98 (Chong)Ready clients.Jalan LP 4 or Jalan LP 5, Taman Lestari PerdanaView Larger MapCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-32285416101514818852011-08-30T13:42:00.000+08:002011-09-02T13:44:35.889+08:00Highway to link Kinrara, Serdang and PutrajayaBy THO XIN YI thoxinyi@thestar.com.my | Aug 30, 2011
A highway linking Kinrara, Serdang and Putrajaya with seven interchanges, is in the pipeline.
The 17km Serdang-Kinrara-Putrajaya Expressway (Skip) will have three main toll plazas and two on the ramps.
The highway, which starts near the Giant Hypermarket in BK 5a in Puchong, will pass by the Ayer Hitam Forest Reserve and head towards Taman CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-89250077633592743242011-08-24T15:45:00.002+08:002011-08-24T15:47:00.692+08:00China alerts banks on asset bubbleCopyright Reuters, 2011 | Aug 24, 2011
BEIJING: Chinese banks need to guard against asset price bubbles and ensure that investors are not taking out bank loans to fund equity investments, the bank regulator said yesterday.
Many economists have warned that a sudden bursting of price bubble in the property sector is the biggest risk facing the world's second-largest economy in the medium to long CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-30294018688056531992011-08-22T15:37:00.000+08:002011-08-24T15:40:06.697+08:00MRT project: You're free to sueJalan Sultan property owners can take legal action over compensationANDREW SAGAYAMMonday, August 22nd, 2011 11:42:00
KUALA LUMPUR: Property and land owners in Jalan Sultan here can take take legal action if they are unhappy with the compensation offered by the government or developers of the My Rapid Transit (MRT) project.
"Although the government is concerned with preserving historical buildingsCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-31889963389690893922011-08-18T23:04:00.000+08:002011-08-20T14:08:22.956+08:00Markets in meltdown amid new global recession fearsFrenzied selling wipes £62bn off value of FTSE and Dow Jones plummets in another tumultuous day for world economyHeather Stewartguardian.co.uk, Thursday 18 August 2011 21.17 BST
Markets in London and New York plummeted as US bankMorgan Stanley warned of a new global recession.Photograph: Stan Honda/AFP/Getty Images
Financial markets on both sides of the Atlantic were convulsed by a fresh wave ofCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-2601508165279568712011-08-18T20:39:00.000+08:002011-08-19T08:40:45.211+08:00More Chinese cities see house price fallsCopyright AFP, 2011 | Aug 18, 2011
More Chinese cities saw the prices of new homes fall in July compared with the previous month, official data showed Thursday, as Beijing stepped up efforts to cool the booming property market.
The cost of new apartments in 14 out of 70 Chinese cities tracked by the government declined last month, compared with 12 cities in June, the National Bureau of StatisticsCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-44074921549587896302011-08-18T15:40:00.000+08:002011-08-24T15:41:54.413+08:00Obama: two years for housing recoveryCopyright AFP, 2011 | Aug 18, 2011
President Barack Obama on Wednesday warned it would take two years for the US housing market to recover, as he faced a grilling on the lagging recovery on the last day of his bus tour.
Obama parried probing questions on farming regulations, the real estate sector and exactly what he was doing to create jobs, in a town hall-style meeting that reflected public CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-7913423181693102882011-08-15T23:53:00.000+08:002011-08-30T23:56:52.210+08:00Should you invest in overseas properties?August 15, 2011 I noticed that there are more and more advertisements on overseas properties in the local media recently. These include properties in Australia, the UK and of course, the US.
What is interesting about the adverts is that they make the properties look like such great deals, and as such we would be throwing away a great profit opportunity not investing in them! Furthermore, because CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-69408539373974143432011-08-13T19:05:00.000+08:002011-08-14T07:11:11.020+08:00Oversupply of new launches?Saturday August 13, 2011By DAVID TANdavidtan@thestar.com.my
There are concerns that Penang island cannot absorb the high number of projects
The planned development of RM29.6bil worth of properties on Penang island in the next 10 to 15 years has raised concerns over the capacity of the market to absorb them.
The properties are planned for 1,121.56 acres which include reclaimed land and strategicCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-50035438117357323432011-08-02T17:52:00.000+08:002011-08-07T05:53:54.378+08:00Property Bubble Burst Unlikely In Near Future, Says AmInvestment BankAugust 02, 2011 15:34 PMKUALA LUMPUR, Aug 2 (Bernama) -- A property bubble burst is unlikely to happen in the Asia Pacific, including Malaysia, as there are no signs to indicate such a trend in the next two years, says AmInvestment Bank Group.Director for Retail Funds Ng Chze How said real estate investment trusts (REITS) would also not experience a burst including those acquired by the group."I CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-41498593406643262742011-07-28T18:30:00.000+08:002011-07-30T06:31:37.905+08:00SP Setia unit ends China dealThursday July 28, 2011PETALING JAYA: SP Setia Bhd's subsidiary, Setia (Hangzhou) Development Co Ltd, and Hangzhou Ju Shen Construction Engineering Ltd have terminated their joint-venture (JV) contract for the development of a mixed property project on 25 acres in Zhejiang, China.SP Setia said in a statement to Bursa Malaysia that the conditions precedent set out in the JV contract had not been CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-24578659652053286952011-07-26T18:33:00.001+08:002011-07-30T06:34:47.092+08:00Cops probe ‘phantom’ bidder scamTuesday July 26, 2011By NURBAITI HAMDAN and YUEN MEIKENG newsdesk@thestar.com.myPETALING JAYA: Police are investigating a suspected auction scam where at least five of the 22 bidders of a commercial building do not exist.A man, known only as Shan, said his shoplot in Bahau, Negri Sembilan, was auctioned off at RM780,000 to a bidder on July 31, 2008.He claimed that there were no bids from the CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-83645734599756012072011-07-23T18:40:00.001+08:002011-07-30T06:42:06.795+08:00Ensure a sustainable local property marketSaturday July 23, 2011LIVING MATTERS By ANGIE NGTHERE are a number of measures that can be put in place to ensure the local property market continues to be healthy, sustainable and does not succumb easily to any adversities.It was just barely three years ago that we witnessed the widespread contagion effect of the collapse of Lehman Brothers on the world economy.The external front is still shaky CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-41786004990155880032011-07-23T18:21:00.001+08:002011-07-30T06:24:53.965+08:00Soft office market outlookSaturday July 23, 2011By THOMAS HUONG huong@thestar.com.myPROPERTY consultants say the short-term outlook for the office market in the Klang Valley is soft, with supply outstripping demand, while the local retail sector continues to offer good prospects.A recent “Property Market Outlook” report for the second half of 2011 by consultancy CH Williams Talhar & Wong Sdn Bhd (WTW) says the office CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-23180013497365951622011-07-23T15:15:00.000+08:002011-07-24T15:19:09.191+08:00Many couples visit fair to scout for property to invest inJul 23, 2011Lim and Koh (right) checking out the Oasis Condominiums at the booth of Nusmetro Venture (P) Sdn Bhd at Gurney PlazaYoung couples made up an unusually large number of visitors who thronged the Star Property Fair 2011 at the ground floor of Gurney Plaza and Level 2, G Hotel.Many of them, however, were not first-time buyers but were instead looking for property for investment CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-39530843360608630292011-07-16T18:43:00.001+08:002011-07-30T06:46:02.671+08:00What goes up stays up – for nowSaturday July 16, 2011INSIGHT: DOWN SOUTHBy SEAH CHIANG NEERocketing house prices have moved private property ownership out of reach of most fresh graduates setting out in life, and are an obstacle to young couples getting married or raising children.THIS property-crazed city of five million seems hell-bent on disproving the old theory that what goes up must come down. Despite warnings of a CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-86262353087834176542011-07-13T21:19:00.000+08:002011-07-15T02:21:10.997+08:00Plans to build 11,000 affordable housesBy ELAN PERUMAL and STUART MICHAEL at the Selangor State assembly | Jul 13, 2011The state government would build 11,000 units of houses in the next 11 years to ensure Selangor folks would be able to have affordable houses.Squatter and housing committee chairman Iskandar Abdul Samad said Selangor residents with a monthly income of RM2,500 and RM5,000 would be eligible to buy the houses.The houses CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-33906162270360384952011-07-13T20:21:00.000+08:002011-07-15T02:22:30.926+08:00Six months grace for lease renewalBy ELAN PERUMAL and STUART MICHAEL at the Selangor State assembly | Jul 13, 2011Property owners are given six months to apply for renewal of leasing for their premises.Mentri Besar Tan Sri Khalid Ibrahim said this was to give the owners ample time to renew the lease for their property.If they fail to apply for renewal, he said the owners risked losing their properties.However, Khalid said the CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-4542653992939606212011-07-09T18:46:00.002+08:002011-07-30T06:51:06.676+08:00Experts turn cautiousSaturday July 9, 2011By ANGIE NG angie@thestar.com.myTHE local property market is almost into its second year of an upward cycle and is being closely watched for signs of changes in its direction.While the outlook is still reasonably positive in the immediate future with demand and pricing still expected to hold out well, some industry observers are already factoring in the possibility that CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-4161798225272679932011-06-19T14:45:00.000+08:002011-09-17T02:51:52.255+08:00Latest satellite images of China's Ghost TownsBy IBTimes Staff Reporter | Jun 19, 2011 06:15 AM EDTNew satellite pictures show skyscraper townships completely empty in China that have been abandoned after construction.The most recent pictures of unused housing emerged as China announced plans to build 20 cities a year for the next 20 years.And despite pictures last year showing some of the reported 64 million empty homes, Chinese authoritiesCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-18541027205561523712011-06-04T17:54:00.000+08:002011-06-06T05:56:35.956+08:00S’gor to offer special premium for leasehold extensionJun 4, 2011Petaling Jaya Old Town residents can now extend their leasehold titles to 99 years by paying a premium of RM1,000 under the Selangor government’s Private Dweller Ownership Scheme.Petaling Jaya Selatan MP Hee Loy Sian said details of the scheme would be made public soon.PJ Old Town encompassing Section 1 to 4 comprises about 2,300 households.According to Hee, 70% of the families there CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-45262625258289180962011-05-20T23:45:00.000+08:002011-05-20T23:46:50.804+08:00Johns Hopkins Medical Programme In Malaysia Will Be Phenomenal Lure, Says PMMay 20, 2011 10:47 AMFrom D.Arul RajooWASHINGTON, May 20 (Bernama) -- The opening of the world-renowned teaching and research medical institution Johns Hopkins University in Serdang, Malaysia this September would send ripples throughout the region and would be a phenomenal lure, said Datuk Seri Najib Tun Razak.The prime minister said it was expected to attract students not only from other nationsCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-57153577075080555122011-05-19T12:34:00.000+08:002011-05-21T00:34:58.026+08:00More Chinese cities see home-price gains in AprilCopyright AFP, 2011 | May 19, 2011More Chinese cities saw the cost of new homes increase in April compared with a month before, official data showed Wednesday, as the government continues its fight to rein in property prices.The National Bureau of Statistics data, which came after authorities last week moved to further limit bank lending, showed the price of new builds rose in 56 of the 70 major CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-87963947643422753442011-05-10T15:15:00.000+08:002011-05-11T03:17:12.613+08:00Rate hike unlikely to impact on property marketBy THOMAS HUONGhuong@thestar.com.my | May 10, 2011PETALING JAYA: The property market will not be impacted by the recent increase in the overnight policy rate (OPR), said property consultants.Last Thursday, Bank Negara raised the overnight policy rate (OPR) by 25 basis points to 3% and increased the statutory reserve requirement (SRR) by one percentage point to 3%.Henry Butcher Marketing Sdn Bhd CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-90025311779107864182011-05-10T15:12:00.000+08:002011-05-11T03:13:18.973+08:00SPNB waiting for govt nod to sell 11,000 housesMay 10, 2011KOTA BARU: Syarikat Prasarana Negara Berhad (SPNB) is waiting for eligible applicants for 11,000 units of houses it had built under the My First Home Scheme.SPNB chairman Datuk Idris Haron said the houses, priced at RM220,000 each, were ready and that it was waiting for Government approval to start selling them.“SPNB is ready to assist the younger generation who earn less than CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-11757282409543636082011-05-10T15:10:00.000+08:002011-05-11T03:11:58.340+08:00AmFIRST REITs posts lower profitMay 10, 2011KUALA LUMPUR: AmFIRST Real Estate Investment Trust recorded a lower pre-tax profit of RM45.362mil for the financial year ended March 31, 2011, compared with RM54.057mil recorded last year.In a filing to Bursa Malaysia, the company said revenue decreased to RM88.539mil, for the period under review, from RM98.188mil registered previously. – BernamaMeanwhile, Am ARA REIT Managers Sdn BhdCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-68379515854513625222011-05-09T15:08:00.000+08:002011-05-11T03:10:41.539+08:00Place the purchase of your property under a company, investors advisedMay 9, 2011Corporatise the purchase of your properties under a commercial entity to realise your investment potential, says KPMG partner Ooi Kok Seng.He said if the purchase of a property was placed under a company, the loan to ratio value which allowed borrowings of only up to 70% for a third house did not apply.“Property investors should explore the option of parking their property investments CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-25841200430624718822011-05-07T15:01:00.000+08:002011-05-08T03:02:35.616+08:00Govt and builders to make ownership possible for young adultsMay 7, 2011PETALING JAYA: Good news awaits young working adults — they will soon be able to buy quality homes, which will be built through a partnership between the Government and the private sector.Under the programme to be launched in two months, the Government will provide the land and developers will build the homes.It is to complement the “My First Home” programme that was launched in CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-85223730121034912152011-05-07T14:59:00.000+08:002011-05-08T03:00:30.466+08:00Property expo sale in stateMay 7, 2011JOHOR BARU: Prospective property buyers have some 8,000 units of residential, high-rise homes and commercial developments to choose at the Malaysian Property Exposition (MAPEX) sale here.The four-day fair at City Square, which will end tomorrow, is aimed at attract Johoreans to buy these properties under the ‘My First Home Scheme’, which was launched by Prime Minister Datuk Seri Najib CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-45537746695587840662011-05-07T14:58:00.000+08:002011-05-08T02:59:08.369+08:00Affordable land premiumMay 7, 2011The amendment of the Selangor State Land Rules will be completed in two months, said Selangor Mentri Besar Tan Sri Khalid Ibrahim.Khalid said the premium would be made more affordable but not at the expense of the state.“There should be a balance between lowering the premium and ensuring the state can collect adequate premium,” he told reporters after meeting residents at the Kajang CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-20387553625867733892011-05-02T21:29:00.003+08:002011-05-02T21:31:24.025+08:00Apartment management not allowed to clamp water meters after migrationBy KHARLEEZ ZUBIN | May 2, 2011kharleezzubin@thestar.com.myMost apartment and condominium management committees might be reluctant to migrate from bulk water meters to individual ones as the former could be used as a tool to collect the monthly management fees.The Federal Territory MCA 1Malaysia Task Force chief Banie Chin noted that management corporations (MC) or joint management bodies (JMB) CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-82693690022591195322011-04-30T21:51:00.001+08:002011-05-02T21:52:35.813+08:00Record year for property transactions seenApr 30, 2011PETALING JAYA: Malaysia is likely to see a record year for property transactions and home price appreciation could accelerate, said CIMB Investment Bank Bhd.In its latest report for the Malaysian property sector, the research house said it remained particularly bullish on residential properties as house prices were likely to trend higher and volumes would scale new highs.“Developers CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-89075404523537036352011-04-16T21:53:00.000+08:002011-05-02T21:54:50.610+08:00Taiwan leader hails 'luxury tax'Copyright AFP,2011 | Apr 16, 2011Taiwan's President Ma Ying-jeou hailed a "luxury tax" bill passed by parliament Friday in a bid to rein in property speculation."Right now speculators are making profits while home buyers are groaning... we hope this measure will ensure 'housing justice'," Ma said while meeting a group of business leaders.His comments came after parliament approved a bill that CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-10791305912769179052011-04-16T21:34:00.001+08:002011-05-02T21:37:02.064+08:00Don’t circumvent Bank Negara’s rulingBy HOUSING INVESTMENTS | Apr 16, 2011By THEAN LEE CHENG Last November, Bank Negara introduced a macroprudential measure to curb speculation in the property market. Buyers of third and subsequent properties were required to pay a minimum downpayment of 30% of the purchase price.Four months into that ruling, Bank Negara’s monthly statistical bulletin showed that for four consecutive months since CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-41694893317766499152011-04-16T21:24:00.000+08:002011-05-02T21:25:59.867+08:00To buy a home or waitBy THOMAS HUONG | Apr 16, 2011huong@thestar.com.my First time home buyers who are daunted by soaring prices of residential properties in the Klang Valley should not wait in the hope of a softening in the property market.Prospective new home buyers may want to take note of rising construction costs that are driving up property prices, as well as possible further interest rate hikes in view of the CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-9069957581401303612011-04-09T13:43:00.000+08:002011-04-10T01:44:50.631+08:00No reduction in property launchesApr 9, 2011Should there be any softening of the broad property market, one of the first segments that may soften will be the high-end segment of the condominium market. The landed housing segment is still seeing strong demand, particularly in the Klang Valley and Penang, says OCBC Bank (Malaysia) Bhd country chief risk officer Choo Yee Kwan.“For the residential segment, no clear signs of any CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-58089406468159020362011-04-09T13:30:00.001+08:002011-04-10T01:41:58.849+08:00Going up, down or sideways?Saturday April 9, 2011 By THEAN LEE CHENG leecheng@thestar.com.myIs there a softening in the condominium market? Some locations seem to be doing better than others while others are not doing as well as before.ABOUT two to three weeks ago, a developer promoted a friend-bring-friend sale, whereby if a friend were to buy a condominium unit, the introducer will get a small reward. That project, CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-29633498913756849682011-04-01T13:53:00.001+08:002011-04-10T01:55:06.173+08:00Applications for housing loans downApr 1, 2011PETALING JAYA: Households applied for less money to buy houses in February with applications falling to RM10.26bil in February from RM12.56bil in January, but the amount applied for was 23% higher than in February 2010.For the fourth consecutive month, ever since new loan-to-value (LTV) rules for the third or more house was enforced in November last year, households have applied for CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-47171554170459510662011-03-24T17:46:00.001+08:002011-03-25T05:47:51.250+08:00Demand rebound lifts residential property marketBy Bank Negara Malaysia Report 2010 | Mar 24, 2011The residential property market has been experiencing an upturn since the fourth quarter of 2009 as demand rebounded by 7.1% (2009: -2.3%) following improved consumer sentiments. Meanwhile, the increase in housing stock moderated in 2010 as housing started a declining trend.The widening gap between supply and demand has kept property prices CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-7139144479887422102011-03-24T17:41:00.000+08:002011-03-25T05:44:09.725+08:00Big Opportunities in Property AuctionsMar 24, 2011I think I may have shot myself in the foot recently.I found a gem from the classifieds: A double-storey linked house in Subang Jaya was up for auction. The house was empty (not tenanted), in good condition, on freehold land and get this, the reserve price was only RM230,000, well below the market value. In short, it ticks on all counts. I remember rubbing my eyes to check if they wereCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-20275984738554212112011-03-24T17:27:00.000+08:002011-03-25T05:28:56.234+08:00Household financial position strongBy Bank Negara Malaysia report 2010 | Mar 24, 2011Households continued to have a strong aggregate financial position last year, supported by income growth and improved employment conditions. The strong recovery of the domestic economy saw more new job positions created, while unemployment rate continued to improve.This allowed the majority of households to adjust to the rise in food prices, CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-91704534221444632632011-03-23T17:29:00.001+08:002011-03-25T05:32:20.360+08:00Retail property projects to soften Klang Valley rental ratesBy ANGIE NGangie@thestar.com.my | Mar 23, 2011PETALING JAYA: The scheduled completion of a number of retail property projects in the Klang Valley offering 3.5 million sq ft of net lettable space this year is expected to soften rentals and reduce occupancy rates, property consultants said.CB Richard Ellis managing director Allan Soo said the additional space that would come onstream this year CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-38470866409024212011-03-19T17:32:00.001+08:002011-03-25T05:34:17.474+08:00Will buyers be proud of My First Home?By HOUSING INVESTMENTSBy THEAN LEE CHENG | Mar 19, 2011Last week, the Government officially launched My First Home Scheme targeted at young working Malaysians earning RM3,000 or less to help them become home owners. Though different in many ways from Singapore’s Housing Development Board scheme, Malaysia’s My First Home scheme has similar and noble objectives.Malaysia has another housing scheme CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-55832462632670581522011-03-12T23:41:00.001+08:002011-03-12T23:45:12.882+08:00Q&A: Is there a standard tenancy agreement?Nov 19, 2010Dear Sir,I am trying to obtain more information on the landlord and tenant rights or obligations. Is there any text that we could buy to understand what the law covers? The normal rental agreement does not cover many aspects. Different agencies produce different rental agreements. Do we have a standard agreement? Where can I obtain the National Land Code?Thank you for your CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-84123099407981811572011-03-12T23:36:00.003+08:002011-03-25T05:25:10.446+08:00Q&A: What can be deducted from rental income?Oct 21, 2010Answering a reader's question about deductions for rental income is PricewaterhouseCoopers Taxation Services Sdn Bhd (PwC) senior executive director Margaret Lee.Lee holds a portfolio of clients from diversified industries. She has been with PwC for 20 years, and has been involved in the undertaking of corporate restructuring of companies, cross-border deal structuring, due diligence CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-74930553902974435442011-03-11T16:07:00.001+08:002011-04-09T04:09:51.887+08:00New residential property prices to go up 13%By SHARIDAN M. ALIsharidan@thestar.com.my | Mar 11, 2011KUALA LUMPUR: The average prices of newly developed residential property this year is expected to grow by 13% against last year in line with the increase in raw materials cost, according to a survey by Real Estate & Housing Developers’ Association Malaysia (Rehda).The survey showed that the average terrace house in Malaysia last year had CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-48070815381343631362011-03-11T15:27:00.000+08:002011-03-13T03:30:30.988+08:00Projek perumahan terbengkalai membebani rakyatMichael Kaung | March 11, 2011Masalah ini membebani pembeli dari segi kewangan, bayaran balik ansuran pinjaman perumahan dan bayaran sewa yang diduduki oleh pembeli rumah.KOTA KINABALU: Kementerian Perumahan dan Kerajaan Tempatan (KPKT) menerima banyak aduan mengenai projek bermasalah khususnya perumahan terbengkalai di seluruh negara.Timbalan Menteri Perumahan dan Kerajaan Tempatan Datuk Seri CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-676227506587300092011-03-10T23:15:00.001+08:002011-03-14T04:30:01.793+08:00We paid cash for our million-dollar homeBy Les Christie, staff writerMarch 10, 2011: 1:16 PM ETNEW YORK (CNNMoney) -- Laura Dominguez-Vasquez and her husband, Luis, recently sold their Coral Gables, Fla., home to all-cash buyers for just under $1 million. They're now shopping for a new home and intend to pay cash as well.The busy professionals have three kids, aged 14 to 20, and they don't have the time or inclination to mess around CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-76068716882832686792011-03-10T12:26:00.001+08:002011-05-21T00:29:53.620+08:00AMC to raise RM1.5b for varsityThursday March 10, 2011By B.K. SIDHUbksidhu@thestar.com.myPETALING JAYA: Academic Medical Centre Sdn Bhd (AMC) wants to raise between RM1.2bil and RM1.5bil over the next three years to fund the Perdana University Graduate School and adjoining facilities, which is being set up via a tie-up with Johns Hopkins of the United States.It is in talks with several investment banks both locally and abroad CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-21066379082118119452011-03-09T16:12:00.000+08:002011-03-10T04:15:53.762+08:00China attempts to deflate its unstable property bubbleChina is to spend $200bn on low-cost homes as part of a series of measures to slow the rapidly rising prices of urban houses Tania Branigan in Beijingguardian.co.uk, Wednesday 9 March 2011 19.24 GMTAerial view of Shanghai flats and high rise blocks.Photograph: Dan Chung for the GuardianChinese officials have blamed speculators for surging property prices and vowed to build or upgrade 10m CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-39109840166557075142011-03-09T16:08:00.000+08:002011-03-10T04:09:59.642+08:00To hike or not to hike interest rates? — Khaw Veon SzuMarch 09, 2011MARCH 9 — Until very recently, many economists and research houses seem to have reached a consensus on the above question, that is when Bank Negara’s monetary policy committee meets this Friday another round of interest rate hikes is inevitable.The basis for such a consensus is that the domestic financial system has been flooded with hot money of late. Many believe such huge inflowsCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-66272405100174231202011-03-09T15:56:00.000+08:002011-03-10T03:59:00.056+08:00Najib says no risk of sub-prime crisis in new schemeUPDATED @ 12:10:10 AM 10-03-2011By Lee Wei LianMarch 09, 2011KUALA LUMPUR, March 9 — Datuk Seri Najib Razak said today that there is no risk of the market being flooded by cheap loans from the new first-home ownership scheme and causing a US-style sub-prime crisis in the country.The prime minister said in a press conference that the sub-prime crisis in the US was caused by lax lending practices CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-38748814012678855062011-03-09T14:21:00.000+08:002011-03-10T02:23:11.599+08:00Malaysia's household debt on the riseBy TEE LIN SAYlinsay@thestar.com.my | Mar 9, 2011PETALING JAYA: Malaysia’s household debt rose at a rapid rate of 11.1% per annum from 2004 to 2009, and from RM516.6bil at end-2009, it climbed by 8.4% to RM560.1bil as at end-August 2010, said CIMB Research.The household debt to gross domestic product (GDP) ratio increased from 66.7% in 2004 to 76% in 2009 but is estimated to ease to 74.6% at end-CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-14884643954614631982011-03-09T14:15:00.000+08:002011-03-10T02:16:18.084+08:00Scheme launched for young adults to get 100% financing for new homeBy A. LETCHUMANANletchu@thestar.com.my | Mar 9, 2011KUALA LUMPUR: Young working adults can now buy themselves a new home without having to pay a sen in down payment.Those earning less than RM3,000 a month can obtain up to 100% financing to buy their first home under a new scheme launched yesterday.The My First Home Scheme, launched by Prime Minister Datuk Seri Najib Tun Razak yesterday, will CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-9244512098377562802011-03-09T13:49:00.000+08:002011-03-10T02:15:10.497+08:00Buyers upset with developerBy DESIREE TRESA GASPERdesiree@thestar.com.my | Mar 9, 2011JOHOR BARU: Some 600 residents of Taman Desa Kempas here are angry with their developer who has kept them waiting for more than 10 years for their apartments to be ready.Residents had initially signed a contract with the developer Maju Delima Sdn Bhd in 2001 and were supposed to be given the keys to their homes four years later.The CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-70021794826528726542011-03-09T06:18:00.000+08:002011-03-09T06:20:23.526+08:00Taming China’s house pricesSaturday February 26, 2011Made In ChinaBy Chow How BanIndustry experts believe that tough measures, including property tax and the limit of home purchases limit, will not lead to a sharp fall in prices although it will result in a lower transaction volume.A WAVE of tough measures to rein in China’s escalating house prices are coming. More than 18 cities have moved to restrict locals and CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-11177464391844929472011-03-08T18:11:00.000+08:002011-03-09T06:13:59.432+08:00Strata-title concept allows buyers to better afford propertiesby Ghaz Ghazali. Posted on March 8, 2011, TuesdayKUCHING: With better understanding on the concept of strata-title development, buyers could better afford to get a property of their own, either as a residential asset or a long-term investment.MIXED DEVELOPMENT: One of the most recognisable developments managed byPCCMC here is Pearl Commercial Centre at the end of Jalan Tun Razak in Pending,of CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-62083962965582303442011-03-07T15:05:00.000+08:002011-03-08T03:06:54.787+08:00Affordable Housing for MalaysiansLETTERS/SURATMonday, 07 March 2011 admin-sBy S.M.Mohamed Idris - President (Consumers Association of Penang)Having decent shelter, adequate food, good health care and education are basic human rights of our citizens. The government has a moral responsibility to ensure that majority of its citizens can either own their house or afford to rent public housing.Sadly for the citizens, affordable CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-89416426754116084282011-03-07T14:24:00.001+08:002011-03-08T02:30:01.931+08:00Watching a fortune tumble in IrelandCopyright AFP, 2011 | Mar 7, 2011If one man could epitomise Ireland's descent into debt, it is Simon Kelly, the developer who was worth a billion euros at the height of the property boom but now owes a cool 88 million. Viewed as a speculator who gambled wildly on construction and left the state to pick up the tab, Kelly is a hated figure in Ireland, where voters ejected their government in CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-87909346151640622902011-02-25T22:17:00.000+08:002011-02-25T22:18:15.143+08:00Malaysian Annual Real Estate Convention 2011 (MAREC 2011) is back!Feb 25, 2011Malaysian Annual Real Estate Convention 2011 (MAREC 2011) is back! Themed “Malaysian Real Estate Profession, Glocal or Global”, MAREC convention is dubbed the annual event and the meeting place for all colleagues in real estate business to catch up on the latest happenings and updates.MAREC 2011 is designed to welcome not only real estate agents or negotiators but also to equip CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-17925992732177285632011-02-25T22:01:00.001+08:002011-02-25T22:02:49.272+08:00MCA bureau questions two-fold increase in PJ Old Town land premiumBy LIM CHIA YINGchiaying@thestar.com.my | Feb 25, 2011The Petaling Jaya Old Town land premium issue remains unfinished as the Selangor MCA Public Complaints Bureau presses for the Selangor Mentri Besar to make his clarification.The bureau’s deputy chairman Kelvin Chong said residents of Section 2, 3 and 4 had recently received the 5A Form to renew their land lease with a premium amount of about CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-66411638332360749522011-02-24T12:55:00.000+08:002011-02-25T00:56:21.188+08:00Semi-D homes for the poorFeb 24, 2011Twenty semi-detached houses worth RM660,000 will be built in Desa Keda Nagalilit near Padang Serai, Kedah, for hardcore poor families.The British American Tobacco (BAT) Malaysia Foundation in collaboration with the Kedah Regional Development Authority (Keda) will build the three-room houses scheduled for completion within six months.Keda chairman Datuk Ahmad Basha Md Hanipah said the CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-80757753680708343612011-02-24T12:54:00.000+08:002011-02-25T00:56:40.764+08:00MPPP orders developer to reconstruct demolished bungalowFeb 24, 2011GEORGE TOWN: The developer responsible for demolishing a building on Lebuhraya Pykett here without permission from the Penang Municipal Council (MPPP) has been ordered to restore the building at the original site.“This will be a lesson that no one is above the law, and that all actions must go through the proper channels,” said State Local Government and Traffic Management Committee CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-14914001780226800152011-02-23T21:44:00.000+08:002011-02-25T21:47:03.084+08:00Healthy housing market outlook for MalaysiaFeb 23, 2011 - HomeGuru.com.myContinued economic recovery and political stability last year contributed to the strongest house price increase since 2000 after the national house prices index increased by 6.2 percent year-on-year in Q3 2010, from 5.7 percent in Q1 2010.The house price index rose by 3.6 to 9.9 percent year-on-year in Q3 2010 in Kuala Lumpur and the nationwide increases range from CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-75200785716983609912011-02-19T12:29:00.000+08:002011-05-21T00:31:35.317+08:00Mara decides not to buy stake in AMCSaturday February 19, 2011PETALING JAYA: Majlis Amanah Rakyat (Mara) has decided not to acquire a 15% equity interest in Academic Medical Centre Sdn Bhd (AMC), which is majority owned by two companies controlled by Tan Sri Dr Mohan Swami.Mara chairman Datuk Seri Idris Jusoh said in a statement that the agency had reviewed the offer to acquire the stake in AMC and ascertained that “the investment CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-15044392078654020022011-02-18T13:44:00.001+08:002011-02-24T01:46:25.077+08:00Land Value In Key Hotspots To Appreciate With MRT ProjectFebruary 18, 2011 14:44 PMKUALA LUMPUR, Feb 18 (Bernama) -- The land value in key hotspots in Kuala Lumpur can see an appreciation of between 11-35 per cent per annum due mainly to the proposed Mass Rapid Transit (MRT) project, says HwangDBS Vickers Research.The key hotspots are KLCC-Bukit Bintang, KL Sentral, Pusat Bandar Damansara-Damansara Heights, KL Eco-City-Midvalley and Sentul.The MRT CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-59763664070404356432011-02-16T13:18:00.000+08:002011-02-25T01:20:58.750+08:00MRT to have big impact on property pricesWednesday February 16, 2011By DANNY YAPdanny@thestar.com.myThose within 500-metre radius from station to appreciate the mostPETALING JAYA: Property valuers and developers expect the Klang Valley Mass Rapid Transit (MRT) project to have significant impact on the prices of residential and commercial properties along the MRT route.Eric Oii, a member of the board of valuers, appraisers and estate CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-8691160940731151612011-02-11T16:14:00.001+08:002011-02-12T04:15:34.124+08:00Build-then-sell concept likely to favour big boysStory by EUGENE MAHALINGAMeugenicz@thestar.com.my | Feb 11, 2011PETALING JAYA: The proposed implementation of the build-then-sell (BTS) concept as a mandatory system is likely to sit well with financially sound, established developers but would be a burden on smaller, less resourceful players.“This system means that developers have to complete the project first before they can start selling and CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-68654015397766362132011-02-11T16:12:00.000+08:002011-02-12T04:13:50.082+08:00Low-cost units in Taman Saga still incomplete after nearly six yearsStory by FAZLEENA AZIZfazleena@thestar.com.my | Feb 11, 2011Six years after signing the sales and purchase agreement, buyers of the Taman Saga low-cost flats in Ampang are still waiting for their homes.The project has been stalled since 2005 without any notification or progress report on what is going on. The buyers gathered at the project site on Wednesday to create more awareness and urge CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-75013945843026331112011-02-11T16:06:00.001+08:002011-02-12T04:10:02.047+08:00House buyers are customers not stakeholdersUpdated: 09:45AM Fri, 11 Feb 2011 WE refer to "Perennial problem" (News without borders, Feb 7). It is a well researched article. We wish to rebut some of Rehda President Datuk Michael Yam’s assertions.On Yam’s argument that: "Property development requires large capital and Malaysian developers don’t have the balance sheet to cover those kinds of sums and banks don’t have that kind of money to CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-80658070553518639132011-02-08T16:21:00.000+08:002011-02-12T04:22:52.684+08:00Asian Shares Go Negative, With China Property DownBy Michael KitchenPublished February 08, 2011 | MarketWatch PulseLOS ANGELES -- Asian stocks turned mostly negative Wednesday afternoon, with Chinese property shares dropping on policy-tightening fears after Beijing's rate hike late Tuesday, while many major Asian energy stocks also fell. In Hong Kong, the Hang Seng Index was off by 0.6%, with real-estate issues among the top losers. Hang Lung CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-47451231941650177922011-02-08T16:10:00.001+08:002011-02-12T04:12:11.984+08:00Split over tougher rules for developersUpdated: 08:01PM Tue, 08 Feb 2011Natalie Hengnewsdesk@thesundaily.comPETALING JAYA (Feb 8, 2011): Stakeholders are divided over proposed amendments to the Housing Development (Control and Licensing) Act 1966 (Act 118) which are meant to tighten the housing industry and safeguard buyers from the threat of abandoned housing projects.While the National House Buyers Association (HBA) applauds the CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-73842356591657552982011-02-05T16:35:00.000+08:002011-02-06T04:36:59.745+08:00Is there hope for Bukit Antarabangsa property owners?By REALTY CHECK BY DATUK ABDUL RAHIM RAHMAN | Feb 5, 2011In December 1993, residents of Bukit Antarabangsa were shocked to learn that the Highland Towers tragedy was happening at their doorstep.A multitude of other disasters have also taken place such as flooding of residential areas in Malaysia, Australia, the United States, and the United Kingdom. The Chernobyl nuclear power station accident inCHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-56618351455712139752011-02-03T22:09:00.000+08:002011-02-25T22:10:13.115+08:00Tycoon Ng buys another property in AustraliaBy DANNY YAPdanny@thestar.com.my | Feb 3, 2011PETALING JAYA: Malaysian tycoon Ming Ng, well known for his investment foray into Australian properties, is believed to be on another buying spree.This time, Ng, via his family-controlled company Dradgin of Singapore, is said to have purchased a landmark commercial property, 502 Hay Street, in the suburb of Subiaco, the central business district (CBD)CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-46923072630249170972011-01-27T16:46:00.000+08:002011-01-30T04:48:24.675+08:00Supply of office space in the city to considerably exceed demandBy ANGIE NGangie@thestar.com.my | Jan 27, 2011PETALING JAYA: The supply of new office space in Kuala Lumpur will be overwhelming this year making the market soft and competitive as tenants will get to pick and choose the best deals.DTZ Nawawi Tie Leung executive director Brian Koh said an additional 2.3 million sq ft in new office space this year will put more pressure on the market.He estimated CHONG LCnoreply@blogger.com0tag:blogger.com,1999:blog-3129440782685178161.post-69498486712899312912011-01-27T16:43:00.000+08:002011-01-30T04:44:53.046+08:00Huff and puff over debtsJan 27, 2011More than 1,000 flat residents have been left ‘high and dry’ for the past three days — apparently due to some RM122,000 in unpaid bills to Tenaga Nasional Berhad (TNB).And they are fuming mad at those concerned as the electricity supply to the common areas, corridor and surau has been cut since Monday, causing the water supply to be disrupted as well.Since then, the residents have hadCHONG LCnoreply@blogger.com0