Unit face east, mid floor would be great. Any good offer?

Please check other new development price as below.

http://edm.iproperty.com/my/BerjayaLandKM1/index.html

Nowdays the property price increase drastically. No more buy condo free beemer ler.lol

For TZ owner out there, dun simply sell ur unit below market price soon. Surely regret!!!

TZ would probably fetch 500k and above upon completion. Just an information receiving from the Lambo guy.

Interesting.........

RM400 psf is only bank's valuation. actual is rm420 psf. bank is always 5% - 10% more conservative.

Hold hold hold
keep like gold
Up up up
hot like karipap

By THOMAS HUONG | Apr 16, 2011
huong@thestar.com.my
To buy a home or wait

--------------------------------------------------------------------------------

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 consumer price inflation hitting a 22-month high of 2.9% in February.

On Wednesday, SP Setia Bhd president and chief executive officer Tan Sri Liew Kee Sin said he expected home prices to rise by at least 10% this year, depending on location, to reflect higher construction costs.

“Property prices will not drop as the costs do not allow this anymore,” said Liew during the Invest Malaysia 2011 conference in Kuala Lumpur.

Meanwhile, a recent report from Hwang DBS Vickers Research says that as a proven inflation hedge, property should remain in demand even with potential interest rate hikes.

The report says while it is believed that the 70% loan-to-value cap managed to cap speculative activities to a certain extent, strong underlying demand from first-second home owners and upgraders has continued to support recent property sales, even at new benchmark prices.

The 70% loan-to-value ratio satisfies Bank Negara’s ruling (announced last November) which requires buyers of third and subsequent residential properties to fork out 30% downpayment.

Also, a recent survey by the Malaysian Institute of Economic Research (Mier) on residential property in the country says an astounding 61% of housing developers who responded to the survey had adjusted their prices of their residential properties upwards in the first quarter of this year – the highest proportion garnered since the third quarter of 2008.

None of the respondents in the survey had lowered their prices.

However, the Mier survey report concludes that pressure exerted by high costs of raw raw materials, fears of rising oil prices, and the interest rate factor could all combine and impact negatively on the sector in the coming months.

“This is likely to impinge on the future growth of outlying areas, and may also dampen the revival process of developments

that are currently suffering from low take-up rates, low population inflow and an overhang problem,” said the report.

Short-term outlook

The Mier report pointed out that “the short-term outlook for the residential property sector looks calm generally”.

Financial coaches and planners contacted by StarBizWeek also say that first time home buyers should not sit on the sidelines.

“There is no certainty that if you wait, you can get a cheaper residential unit. A property loan is long term. Even half a percentage point rise in interest rate will have a major effect for the home buyer,” said CTLA Financial Planners Sdn Bhd managing director Mike Lee.

Whitman Independent Advisors Sdn Bhd managing director Yap Ming Hui shares a similar opinion.

However, Yap cautions, “Waiting for a few months before making a buying decision may not make much difference in the purchasing costs, depending on the location and type of property the buyer is looking at.”

Carol Yip, chief executive officer of Abacus Advisory Sdn Bhd, also advises home buyers not to be too hasty.

“They must always look at their own financial positions and the affordability factor,” said Yip.

http://biz.thestar.com.my/news/story.asp?f...54&sec=business

KUALA LUMPUR: Malaysian property prices are expected to increase at an average of between 10% and 20% this year, in light of rising inflation and increase in demand for local properties from foreigners, said Deputy Finance Minister Datuk Donald Lim Siang Chai.

“Inflation in 2010 stood at 2.2% and was at 2.4% in the first two months of this year. We expect it to be higher this year due to escalating food and oil prices,” he said after the launch of the National Property Information Centre's (Napic) property market report 2010 yesterday.

Lim also said many foreigners were looking to purchase property here because the prices of properties were cheaper than in neighbouring countries such as Singapore.

“And Malaysia, because of the ETP (Economic Transformation Programme) has attracted a number of investments from overseas. Investments last year were four times higher than 2009.


“We also expect more foreign companies to set up base here. Our Islamic banking is No. 1 in the world (so) all this will attract foreigners to come into Malaysia,” Lim said, adding that this would also contribute towards pushing up prices of properties in Malaysia.

He said rising oil prices would also cause prices to escalate.

“There's a lot of uncertainty in the Middle East. It's beyond our control and that (rising oil prices) will affect the other things,” he said adding that property prices in Malaysia were currently at a “manageable position.”

According to Napic's statistics, the Malaysian property market recorded 376,583 transactions in 2010 worth RM107.44bil.

Both the volume and value of transactions registered double-digit growth of 11.4% and 32.6% respectively from 338,089 transactions worth RM81.02bil in 2009.

Napic valuation director-general Datuk Abdullah Thalith Md Thani said 2010's (RM107.44bil) value was a new high for the Malaysian property market.


“In 2008 and 2009, we (Malaysian property market) suffered a bit. The volume of property transactions will go up (this year) but the margin will not be as high as last year.

“We had a good year last year because we rebounded from the sub-prime experience,” he said.

Abdullah added that Malaysia's fundamentals were still good, despite the uncertainties.

“People are worried about oil prices now but bear in mind, we are oil producers too. I will not say that property (by volume and value) will be better than 2010. There will be an increase. The question is the rate of increase.”

Napic expects the property market to remain promising in 2011, supported by various measures proposed under the Tenth Malaysia Plan and Budget 2011.

It said projects such as the Kuala Lumpur International Financial District, Mass Rapid Transit in Greater KL, the 100-storey Warisan Merdeka, the development of the Malaysian Rubber Board land in Sungai Buloh and the redevelopment of Pudu prison were expected to have positive spill-over effects.

Napic also said the Government's Skim Rumah Pertamaku to assist young adults to own homes below RM220,000, together with other incentives such as stamp duty exemption of 50% on instruments of transfer on a house not exceeding RM350,000 for first time buyers, would increase transaction volumes of homes in this price range.

“With the cessation of the Foreign Investment Committee's approval for the acquisition of properties by foreigners which took effect in June 2009, property investment in Malaysia will be more attractive to foreigners,” said Napic in a statement.

“Given that foreigners are only allowed to purchase commercial and residential properties priced above RM500,000, it is anticipated that more activities will be recorded in the high-end housing units in sought-after neighbourhoods,” it said.

11 units of The Zest up for sale @ 20 Apr 2011:

1) Block C 7th Floor KLCC View - RM410k (techno)
2) Block B 16th Floor Golf Course View - RM420k (siaww)
3) Block B 18th Floor Golf Course View - RM460k (Covillea)
4) Blcok C 9th Floor KLCC View - RM400k (leong4san)
5) Block C 18th floor - RM460k (jacob888) with free 2 Unit A/C, 32"TV, 2 car park side by side
6) 16th floor KLCC View - RM? (livelifefull)
7) Block C 9th Floor Swimming Pool View - RM450k (Pai) with free Built in full kitchen cabinets, Built in floor to ceiling wardrobes, 2 airconds, Free prop investment tipsee - Worth 50k
8) Block C 12th Floor KL view, Face East, 1191sf, Type-B - RM450k (keithcky)
9) Block C 20th Floor Sunway PJ/ Swimming Pool View with free 2 unit A/C - RM460k (jen_jen)
10) Block B 3A Floor - Swimming Pool View - RM500k (cheraspeople)
11) Block C 17th Floor (1191 SQFT) KLCC View - RM400k (batilcl)

anyone know when CF will issue?

Chief pls withdraw my unit from listing as am revising my sale value for Zest upwards

HI hi,
My unit is facing KLCC block C level 5. Im interested to sell. what price can u offer me? RM460K should be reasonable.

Too low floor feel like the link houses very near. Anything above 10th flr will be great

Not low la.. cause the car park already take about 6 or 7 floor heights... 6 + 5 already 11 floor..If life not working, still can use the staircase..

Mine is Block C 16 KLCC view. Lets keep in touch.

Block C Level 5 KLCC facing.. interesting.. izzit unit 12 (1205sqft, closest to DBKL flat)?

11 units of The Zest up for sale @ 21 Apr 2011:

1) Block C 7th Floor KLCC View - RM410k (techno)
2) Block B 16th Floor Golf Course View - RM420k (siaww)
3) Block B 18th Floor Golf Course View - RM480k (Covillea)
4) Block C 9th Floor KLCC View - RM400k (leong4san)
5) Block C 18th Floor with free 2 Unit A/C, 32"TV, 2 car park side-by-side - RM460k (jacob888)
6) 16th floor KLCC View - RM? (livelifefull)
7) Block C 12th Floor (1,191 sf) KL View Face East Type-B - RM450k (keithcky)
8) Block C 20th Floor Sunway PJ/Swimming Pool View with free 2 unit A/C - RM460k (jen_jen)
9) Block B 3A Floor Swimming Pool View - RM500k (cheraspeople)
10) Block C 17th Floor (1,191 sf) KLCC View - RM400k (batilcl)
11) Block C 5th Floor KLCC View - RM460k (ukuan)

Bank Valuation is RM400 - RM420 psf.

This post has been edited by Covillea: Apr 21 2011, 05:47 PM

Trust me i went up before to feel it, those face the pool especially low floor will c the club house and its roof not nice at all hehe

Haha this covillea bro update seller so fast.. so pro man.

when it's vp end of this year, price may go upto RM500k - RM520k due to inflation. hence, please be careful not to sell too cheap.

wah lau weii... the price of the unit has doubled eh?