New industrial parks required in Klang Valley

New industrial park projects in the Klang Valley are virtually non-existent and industrial properties are in short supply, creating a bubble of higher-priced industrial properties and presenting the perfect opportunity for developers to expand into industrial park projects.

James Wong, Managing Director at property consultancy firm VPC Alliance (KL) Sdn Bhd, said vacant industrial land in Bukit Jelutong, Glenmarie and Section 23 Shah Alam have experienced considerable price increases of 60 to 100 percent over a six year period, an estimated 10 to 17 percent annual increase over the average price.

Industrial property accounts for only 2.5 percent of total property transactions, with an average annual transaction of about 8,000 units.

“The industrial property market is considered quiet for the past few years, as developers are concentrating on residential and commercial developments and there is hardly a developer that concentrates on industrial development,” said Mr. Wong.

“With the Government’s big push to transform the country’s economy under the Economic Transformation Programme (ETP) and with the industrial sector as one of the main drivers of the economy, it is timely and ripe for developers to come forward to develop more industrial parks and estates to cater to the increasing demand.”

Mr. Wong said that the boost in the manufacturing sector from RM32.6 billion in 2009 to RM47.2 billion in 2010 contributed to a 44.8 percent increase in the industrial sector alone.

Small and medium enterprises (SMEs) have contributed more than 30 percent to the national gross development product (NGDP). However, many SMEs are still located in inadequate and neglected sites such as squatter areas and illegal buildings. 

“Developers should develop parks for the SME industries of similar trades to group them together,” he said, highlighting the need for the SMEs to be conveniently located to associated logistics and supporting SMEs.

Mah Sing Group Bhd was the innovator in the new generation of multi-purpose semi-detached factories, added Mr. Wong. 

Tan Sri Leong Hoy Kum, CEO and Managing Director at Mah Sing, explained that easily accessible three-storey semi-detached corporate factories in strategic locations are in demand. Older units are either too large or too small and are not multi-purpose capable, a feature required by SMEs, distribution companies, light manufacturing and food industries.

“Our research shows that semi-detached factories currently make up about 10 percent of the total supply of industrial units in the Klang Valley,” he said.

“We foresee there will be strong demand from the SMEs, halal food industries, light manufacturing, distributive trade and those who need to upgrade to industrial properties which can serve multi-purpose functions such as integrating their logistics, warehousing, showrooms and offices under one roof,” said Mr. Leong.

Source: Homeguru.com.my

Malaysia 100% Home Loan for first time house buyers guideline

Malaysia 100% Home Loan for first time house buyers guideline

Those with income below RM3000 need not make down payment on house. First time house buyers with a family income less than RM3000 per month need not pay the 10% down payment under the "My First House Scheme" (SKIM Rumah Pertamaku) home loan.The 10% down payment will be guaranteed by Cagamas Bhd for houses priced below RM220,000, this will allow the first time buyers to obtain 100% home loan.

They will also be given stamp duty exemption of 50% on instruments of transfer on a house not exceeding RM350,000. The government also proposed a stamp duty exemption of 50% for loan agreement instruments to finance first-time purchasers.

There will also be a housing assistance programme with an allocation of RM300mil for the construction and repair of some 12,000 houses nationwide particularly in Sabah and Sarawak For estate workers, the government will help them own houses under a RM50mil housing sponsorship scheme.

The scheme is open to all Malaysian estate workers to assist them in obtaining home loan with a maximum of RM60,000 for the purchase of low-cost house at 4% interest, and repayment period of home loan up to 40 years, which can be extended to the second generation home loan.

For government servants, the goodies include an increase in the maximum loan eligibility from RM360,000 to RM450,000 effective 1 Jan 2011.

Current BLR is 6.30% for majority bank in Malaysia

2011 Property Market outlook and new launching by the expert

2011 Property Market Outlook Seven developers give their views on what lie ahead this year Posted Date: Jan 11, 2011 By: iProperty.com

Seven developers give their views on what lie ahead this year  Sunrise Berhad  Ms Anne Tong,  Asst GM, Branding and Community Development  Being rotational, the industry's supply and demand are driven by the market and external forces. Due to Malaysia's strong fundamentals, with strong controls and regulations by the relevant authorities, our land and property prices were mostly unaffected from the recent 2009 financial crisis faced by the world over. Provided that the needs of investors and customers are met, the Malaysian property market outlook in 2011 should remain attractive and will garner a healthy flow of investment options by investors and purchases by property owners, both local and foreign. Sunway City Berhad Mr Ho Hon Sang, MD, Property Development Division, Malaysia 2010 was indeed a good year due to the return of market confidence and easy payment schemes by developers. We remain optimistic of the market outlook for 2011. Moreover, we do not think that Malaysia will experience a property bubble due to the limited supply of land in prime areas and availability of liquidity at the banks and institutions such as the Employees’ Provident Fund (EPF). While the 70% cap on LVR will affect the property market, we do not foresee it to have an adverse impact. We believe buyers will continue to search for quality properties as they remain a safe and solid asset class. The latest round of quantitative easing by the US will see some funds inflow to this part of the world. NAZA TTDI Sdn BhdMr Bernard Yong, Senior Manager, Marketing As long as the macroeconomic conditions remain favourable, I foresee that the demand for quality residences and offices in the Klang Valley to continue growing unabated. A lot will hinge on the execution of the government’s GTP, ETP and Greater KL Transformation plans. Sunsuria GroupMr Simon Kwan, Director, Business Development We think the outlook will be very positive with potentially high hopes. Mah Sing Group BhdTan Sri Dato’ Sri Leong Hoy Kum, Group Chief Executive and Group MD The property market has done well in 2010 and we foresee that the demand for properties with good concepts in strategic locations will be sustained in 2011. The conducive interest rate environment, healthy employment market and the fact that property investments have proven to be a reliable asset class will continue to sustain and drive this sector. Malaysia’s healthy economic performance and domestic initiatives such as Budget 2011 high impact projects that include the Mass Rapid Transit, the Greater Kuala Lumpur/Klang Valley and other infrastructure projects should continue to drive the market. Azea Property InvestmentMs Tan Yang Poh, CEO  Baring any major surprises like war breaking out in the Korean peninsula, this year’s property outlook remains positive. It’s good that the US and Europe are still recovering, so there is a lot of liquidity that is flowing into Asia looking for good investments. Additionally, the strong growth of the economy that Asia is experiencing will continue to create demand for properties. One of the key driving economic forces in Asia now is China. With its growth rate, the smaller distressed countries in Europe will not have a major impact in Asia. So we are optimistic that after a short correction with the recent government announcement to curb property price increases and with the holiday season, the market will recover and continue its growth this year. Crest Builder Holdings Berhad Mr Eric Yong, Executive Director For  2011, I see plenty of consolidations, privatizations, M &As and so on. I wonder if property giants S P Setia Bhd, who shares a similar majority shareholder in PNB – would merge with other listed property players whom PNB has large stakes in. Of course there is a mega project to be looked at ie. the RM40 billion MRT.  I think there would be no one company that is strong enough to raise that amount of money to construct the MRT under the Private Finance Initiative method. Is this a possible likelihood? We shall wait and see. Some New Launches Planned for 2011 Sunrise Berhad. Ms Anne Tong,  Asst. GM, Branding and Community Development  Parallel with the company's direction in moving towards Stage 3 Growth which signifies Sunrise focus on developing multi-products at multi locations, 2011 will see new launches such as Menara Solaris located off Jalan Sultan Ismail, Kuala Lumpur;  MK20 serviced-condominium in Mont' Kiara; a gated residential development at The Mines; Phase 2 of Quintet Canada mixed-use development in Richmond, Canada and a mixed-used development in Bukit Jelutong, Shah Alam, a joint venture with Sime Darby Property Berhad. Sunway City BerhadMr Ho Hon Sang, MD, Property Development Division, Malaysia Our expected launches for 2011 include Sunway Velocity, a vibrant integrated development in KL; Sunway South Quay in Bandar Sunway comprising of condominiums, commercial precincts; Sunway Merica and Sunway Cassia residential properties in Penang; Sunway Nexis, a mixed commercial development in Dataran Sunway; MontBleu residential properties in Ipoh and many other exciting projects which we will duly announce later. NAZA TTDI Sdn Bhd Mr Bernard Yong, Senior Manager, Marketing Our expected launches for 2011 are as follows: Dualis TTDI Puchong – Cluster Shop Offices Dualis Residences, Equine Park Seri Kembangan – Condominiums TTDI Adina – Serviced Apartments and Office Suites in Seksyen 13, Shah Alam Alam Impian – more phases to be launched TTDI Grove – a township in Kajang Platinum Park – 2 residential blocks  Sunsuria Group Mr Simon Kwan, Director, Business Development In 2011, we will launch: Mont Kiara (SOHO) Bukit Jelutong (SOHO & Retail Offices) The Core 2 7th Avenue 2 Bungalows & Apartments, Shah Alam Nusajaya project (at Afiat Healthpark, beside Columbia Asia Hospital) Azea Property InvestmentMs Tan Yang Poh, CEO  We will roll out details of the Azea development in Danga Bay. Mah Sing Group BhdTan Sri Dato’ Sri Leong Hoy Kum, Group Chief Executive and Group MD Our 2011 launches are as follows: Source: iproperty

Vista lavender Apt Bandar Kinrara 3 Puchong for sales

Vista Lavender

Build up: 853sf
Asking Price: RM135,000 urgent sales



Well kept unit with tenant
100% loan for 1st time home buyer

Well Kept basic unit, come with air condition and water heater.

Strategy location,surrounded by amenities, Bank and school. easy access to Jalan Puchong, Kesas Highway, Bukit Jalil Highway, Puchong, Sunway, PJ and Shah Alam.

1 Covered Car Park. Kitchen extended.  View to appreciate

24 hours security, play ground

Owner welcome to list

Please Contact agent Jitco Chin @ 0123613999 for more info

Jitco Chin
Chester Property
0123613999
Jitcoproperty@gmail.com
twitter: jitcoproperty

Suria Jelutong Freehold Soho unit and Shop (Brand New under construction)

Suria Jelutong

New concept mix commercial development of Serviced Suite, Shop office and Retails lots at Seksyen U8, Bukit Jelutong, Shah Alam

Total Land Size: Approximately 4.5acres
Category: Commercial
Tenure: Freehold
Phase 1 - Shops & Retails boutique, Services suite - Tower B
Phase 2 - Service Suite - Tower A

Shop & Retails Boutique are 80% sold (Launch date 21st January 2011)

Service Suites - Tower B
Total unit: 306 units
Size build up: 450sf - 1320sf
maintenance: RM0.20psf
Developer: Sunsuria Development
Booking fees: RM5,000

Feature

• Good Security & Facilities
• Modern Design & High Ceiling
• Ample Car Parks
• Green view and river view (surrounded by gold area and high end bungalow)
• Few major developer going to launch their project very soon within the same area. 
• 15% discount for early bird
• free 1 car park within the promotion period
• (Proposed) free 1 air condition within the promotion period
• Sky bridge between 2 towers
• Freehold

Infrastructure and amenities

Transportation

Bukit Jelutong is well-served by an excellent road network. The suburb is linked to Kuala Lumpur, Petaling Jaya, Shah Alam, Klang and other population centers in the Klang Valley by the North Klang Valley Expressway (NKVE), the Guthrie Corridor Expressway (GCE), the Federal Highway and the North-South Expressway Central Link (ELITE). The expressways also link Bukit Jelutong to the Sultan Abdul Aziz Shah Airport, Kuala Lumpur International Airport (KLIA) and Port Klang.^[2]

Commercial

Bukit Jelutong has a small commercial center where sundry businesses and a supermarket are located. GPHB had intentionally avoided developing large-scale commercial areas to avoidtraffic congestion and noise to maintain the suburb's atmosphere of serenity and exclusivity. Nonetheless, Bukit Jelutong has close proximity to the Giant and Tesco Extra hypermarkets, which are located just outside the suburb next to the GCE.^[2]

Industrial

The Bukit Jelutong Industrial Park is located in the eastern outskirts of Bukit Jelutong. It is a low-density industrial park hosting low-pollution, hi-tech industries as well as logisticswarehousing and service facilities. The tenants are mostly multinational corporations from various industries, such as Flextronics, Scania, ThyssenKrupp and Schenker AG.

Recreation and leisure

Besides the abundance of parks, Bukit Jelutong is also notable for its proximity to several golf courses and country clubs. These include the Kelab Golf Sultan Abdul Aziz Shah, the Glenmarie Golf & Country Club, the Monterez Golf & Country Club, and the Saujana Golf & Country Club. The Shah Alam Stadium is also only a 5-minute drive away from Bukit Jelutong.^[2]

Titiwangsa Sentral Brand New Condo for sale

Titiwangsa Sentral

A Project which located in the heart of Kuala Lumpur and center of the hub of Public transport. Walking distance to LRT station, KTM station and also bus station. Easy access to all the highway, Walking distance to food courts and shop. All within 5-10min, Approximately 15min drive to KLCC.

This project consist of two block 38 storey service apartment, 8 units per floor and each unit have a standard size of 1,100sf., the key will hand over within 4-6 months from now. 85% complete. Great potential for high rental and yield of market value in view of this is one of the lowest price Brand New Freehold Condo in the surrounding.

Tenure: Freehold
Build up area: 1100sf
Location, KL lumpur, titiwangsa
Developer: Titiwangsa Condo Park Sdn Bhd
Asking Price: From RM420,000

Do contact me if you interested for viewing, many unit available.

Owner are welcome to list

Jitco Chin
Chester Property
012-3613999

3 storey shop office Shah Alam Seksyen 7 (Brand new)

FIRE SALES!!!!!!!!!! (Urgent)

Land size: 1647sf
Build up: 4941sf
Type: Intermediate 3 story shop office next to I-City Shah Alam

For Sale: RM2,200,000 neg (Bumi Lot)
Jalan Plumbum P7P, Seksyen 7, i -city 40000 Shah Alam, Selangor, Malaysia


Brand new 3 story shop office sell below current market price, fire sales

Convenience to amenities, petronas, old town coffee, Kuwait finance house, BSN, Universities Teknologi Mara, KFC, Pizza Hut, kompleks Belia, Kompleks PKNS, SMK Seksyen 7, Intekma Resort, 5min to I-City, Federal Highway, right in front of New under construction Shah Alam General Hospital. Good rent and net worth yield.

Specialist in dealing with Commercial and Residential Unit. Owner welcome to list.

Kindly call agent Jitco Chin @ 012-3613999 for viewing

Jitco Chin
Chester Property
021-3613999
jitcoproperty@gmail.com