QUOTE(Covillea @ Aug 5 2011, 11:13 AM)
Source: JLW / Credit Suisse
JLW’s reported sales rate of new housing launches in the Klang Valley inched up to 80% in 2Q11 (78% in 1Q11). Sales rate for condos rose to 80% in 2Q11, despite having the highest number of launched units per quarter since 2000.
Good demand momentum should maintain as many buyers are owner-occupiers and there is genuine demand for houses. We expect the strong sales rate to continue in 3Q11.
Housing sales rate in 2Q11 inched back up to 80%. According to JLW, the sales rate of new housing launches in the Klang Valley inched up to 80% in 2Q11, from 78% in 1Q11 & 1Q10. The sales rate of ‘units available and monitored’ remained flat at 69%.
JLW expects good demand momentum to prevail as many buyers are owner-occupiers and there is genuine demand for houses underpinned by urbanisation, a growing population and the Greater KL Plan.
Condo market remained buoyant with record launches. The condo market in Klang Valley also performed well in 2Q11, with take up rate of new launches rising to 80% (70% in 1Q11), despite having the highest number of launched units per quarter since 2000.
More launches are expected in the near term, backed by the strong demand. The mass and mid-high segment and smaller units (<2,500 sq ft) are expected to do well.
Conclusion: Demand for The Zest upon VP will skyrocket based on the expert research above.
Asian markets plunge in early morning trade
KUALA LUMPUR: Asian markets plunged in Friday morning trade as concerns over the health of the global economy continued to take centre stage.
Tokyo's Nikkei 225, Sydney's S&P/ASX 200 and Seoul's Kospi were the harbingers of the trading day in the region when they tumbled at market open.
At mid-morning, the Nikkei fell 324.92 points to 9,334.26, the Hang Seng 888.26 points to 20,996.48, the Shanghai's Composite 56.25 points to 2,627.78, the Kospi 72.68 points to 1,945.79, the S&P/ASX 170 points to 4,106.50, and Singapore's Straits Times Index 83.81 points to 3,023.20.
On the local front, the FBM-KLCI lost 17.87 points to 1,529.02, with turnover at 626.8 million shares valued at RM1.09bil. There were 22 gainers, 807 losers and 98 counters traded unchanged.
Top gainers were Latitude Tree Holdings which rose 15 sen to RM1.05, Catcha Media Bhd which rose 13 sen to 89 sen, and UAC which rose 9 sen to RM3.15.
Top losers were British American Tobacco which shed 88 sen to RM45.40, Panasonic Manufacturing Malaysia which shed 50 sen to RM23.88 and United Plantations which lost 50 sen to RM20.10.
Nymex crude oil was quoted at US$85.40 per barrel as at 9.47am. Spot gold was quoted at US$1,649.89 per ounce, while the ringgit was quoted at 3.011 to the US dollar.
CONCLUSION: Can demand for The Zest upon VP skyrocket based on the expert research above ?
Added on August 5, 2011, 1:22 pmQUOTE(Pai @ Aug 5 2011, 11:18 AM)
thats 400psf............n looks reasonable to me...............altho suspect there wiill be few units transated at below 400psf in the 1st few months cum VP..........
After all SW latest phase going at 600psf............makes TZ looks cheap at over 30% disc.............
yea, TZ going at 400psf............makes Sierra Residency looks cheap at over 30% disc.............
This post has been edited by zavier98: Aug 5 2011, 01:22 PM 
Jun 28 2011, 07:51 AM
. Any one manage to sneek into the condo construction site? I hope quality will be better. Developer told me that we will get the key on end of december. The ramp seems like going to finish in few months time.
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want to bodek till like that meh
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