excellent workmanship by mah sing!!!

those teehing problems we're hearing so far are the ex-mahajaya units?

Secondary property prices to rise


For those waiting for prices of existing secondary properties to drop, don’t hold your breath, Foo contends.

“Overall, these will not lag behind developer prices much which face a push on prices, especially from the higher cost of labour.”

Looking at price trends, he thinks that prices of secondary properties, especially landed properties in popular areas, may increase by about 10% to 15% this year.

In Kuala Lumpur, the average transacted price of a house increased by 7% from RM457,000 in 2011 to RM489,000 last year.

The limited supply of landed properties in certain locations saw prices increase substantially, the JPPH report notes.

Leading the pack was Taman Tun Dr Ismail, for which prices for double-storey semi-detached homes increased by 26% to transact between RM1.9mil and RM2.9mil.

Just north of TTDI, prices of double-storey terraced houses in Bandar Manjalara rose 19% to touch a level of between RM650,000 and RM745,000.

Price growth for double-storey terraced houses in Bangsar Baru was not far behind at about 18% to achieve prices of between RM1.3mil and RM1.6mil per unit.

Properties next to upcoming MRT and LRT stations also saw significant increases.

Houses close to the proposed Phoenix Plaza MRT station in Cheras such as in Taman Bukit Anggerik and Taman Taynton View recorded increases of around 19% and 11% respectively, with prices ranging between RM236,000 and RM398,000.

In Selangor, the average transacted home price increased by about 10% from RM307,000 to about RM339,000.

Single- and double-storey terraced houses in Petaling Jaya, Subang Jaya, Damansara and Shah Alam registered double-digit growth of between 11% and 33%. The highest price for a double-storey terraced house was recorded in Bandar Utama at RM1.18mil.

Even for Penang, where the number of transactions dropped by 24%, values stayed strong with average prices increasing by about 21% from RM252,000 to RM305,000.

Buyers can of course look forward to the various affordable housing programmes promised by both sides of the political divide in the run up to this year’s elections.

“Looking at the manifestos of both Barisan Nasional and Pakatan Rakyat, they are aware of what the rakyat want,” said Foo.

Pakatan Rakyat in its manifesto promised to build 150,000 units of affordable housing, while the Prime Minister announced in the last Budget that the government would build 123,000 affordable houses.

In its manifesto, Barisan Nasional in fact promised one million affordable houses, through public or private initiatives.

“Both sides of the fence are aware of this, so whoever wins, affordable housing will be a focus,” added Foo.

At the same time, developers are building smaller SOHO-type units, especially near upcoming MRT and LRT stations, or further out of the city, to achieve homes priced under RM500,000.

So what does that mean for the property market this year?

It sounds like the market may still be active with demand for lower-priced homes, but the total value of transactions this year may actually drop, reckons Foo.

He does not see a bubble bursting however.

So unless it is a high-end condo that is not seeing much demand, do not expect the house around your corner to drop in price anytime soon this year! - By The Star

This post has been edited by Covillea: May 6 2013, 11:28 AM

For brother UFO-ET:

My new name "Blackout UFO-ET"

PR is losing to Tenaga Nasional B

Kinrara Residence Purchaser-Forumer:

Bungalow:
1) Covillea

Semi-D Three-Storey:
1) Antzfield
2) cookies_cai
3) Footyking
4) samuelazz
5) Mymelody88

Semi-D Double-Storey:
1) Covillea
2) driftmeister
3) eric er
4) cooolguy
5) comptechie1
6) liang7524
7) Kinraraboy
8) mrhawk (Lot #636)
9) LoveKR
10) 5 Jalan DU 5/3 - selling at RM1.85 mil (can contact any key Puchong-based real estate agents for negotiation).
11) jeehuei

Link Three-Storey:
1) UFO-ET
2) frozen44
3) QW$$
4) allwerp
5) MILAN88
6) lupjoeq
7) FlyingJoy
8) ckwong111
9) ms999
10) vevex
11) luvimp
12) WaiLeon

Link Two-and-a-Half-Storey:
1) krgia10
2) Immortal
3) Karas Otoha
4) cloner
5) jintakahashi
6) kim.chiew

Link Double-Storey:
1) pcteck19
2) mrkenjiro
3) alfredfx
4) chkit
5) LoveKR

Calling all KR purchasers to check-in as liang7524 has established an informal group (outside the forum) called Kinrara Residence United. A Facebook Closed Group to this effect has also been created. Objective is to to safeguard each other's interests prior to VP & also to work closely with Mah Sing/TMS to promote KR to the next level.

This post has been edited by Covillea: May 10 2013, 11:11 AM

Hi KRR owners, finally I placed a booking fee for my first landed 2.5 storey link house! My honor to be part of the neighborhood!

Pls attend our meeting on 19/5/2013 Sunday 11.00pm

Congra!!!

are sales of KR slow?

mine no viewings since start selling

When you start release? I think should pick up the GE 13th

Hi UFO

Im regretting to inform that am not able to attend coming meeting due to milo run this sunday ,may i know where can i get the mom.....

Would like to join for next meeting ......

Thank you

my house is not KR, but quite similar and near there.
I guess sales will be related some

This post has been edited by ParagonHeights: May 15 2013, 08:55 AM

Dear all,

Owner Meets Owner Gathering

I am calling everyone out for a gathering among the KR residents (Link, SD and Bungalow owners). We have outlined some tasks to be carried out, pls show your support.

Date : 19/5/2013 (Sunday)
Time : 11.00 a.m
Venue : Kinrara Residence Club House

Agenda :-

1. Introduction
2. To approve previous meeting's minutes
3. To discuss issues arised in Kinrara Residence
4. Discuss RA matters
5. Meeting Mah Sing representatives
etc



I have called / SMS 360 house owners, hopefully the turn up is good.
I will be in Kinrara Residence Sales Office at 9.30 am.

pls pm me yr contact if you are interested!



This post has been edited by UFO-ET: May 18 2013, 03:48 PM

hi..can you please provide a summary of the meeting on 19-05-13 to benefit those who were unable to attend the meeting? Many thanks in advance..

aiyah.... tkt i missed the meeting.. din notice the call...

Good response!

The main road into KR has been patched and got new plants.



Futsal court.

Where is that futsal court?

It is opposite the clubhouse.