Thank you, very useful information. Cheers

I can think of only 2 new developments nearby 1120PA, ie., PJCC Stella Serviced Apartments and Riverville KL/PJ South.

I am also waiting for this launch, but my main concerns are its close proximity to high tension cables and also the river bank.

The 7.5% is payable over 18 months after VP and not a lump sum payment.

Please refer to the Official Website of The Department of Statistics Malaysia and show me where it is indicated that the material prices have been going down since 2009
http://www.statistics.gov.my/portal/index....mid=111&lang=en

Ask any man-on-the-street and he would probably curse that everything has gone up since then. I have this feeling that either you are so wealthy that you are not affected by inflation or you are not living in this part of the world.


+1

Thanks for the information.

If you look at the overall trends from 2009 to 2012, steel has gone up and still above the 2009 price level. Steel prices peaked in 2011 when 1120PA was accelerating constructions. In 2012, the steel prices started to dip this year due to slow down in China which accounted for about 48% of the global steel production. But generally in Malaysia the steel prices (which are controlled) are about 20% higher than in China and that is why there are allegations of dumping (wire rods) into the Malaysian market.

Steel only makes up a small percentage of total construction costs and as reported by Bank Negara, the overall construction costs (which included, amongst other things, cement, aggregates, labour, plastic-related materials, etc) had trended up since 2009. This is evidenced by the increasing prices per sq foot for new launches todate since 2009 and even unsold units are priced higher than their launch price.

If the material price in 2013 should succumb to supply pressure from China it would only benefit the developers (not buyers) as their launch prices before 2013 would have been based on historical price trends. Cheers.

She/he can’t answer you as it is pure plagiarism – taking others’ work and passing it off as her/his own without acknowledging the source.