if your estimation is correct, then non-Bumi will have to rush for the remaining few units.

can anyone confirm with mah sing?

looks like kr is a real steal; transforming bandar kinrara into a real gem.

i like the confidence ufo-et.

we really need to rally all purchasers to promote kinrara residence.

we should expect the semi-d's to hit rm2.3 mil in 2013 taking into a/c of inflation. let's keep this as a record so that when we look back 2.5 years from today, rm2.3 mil is a reality.

on s&p, yes 2014.

mah sing will try to deliver end-2013, ahead of schedule.

absolutely correct.

if you look at the boom in puchong, only bandar kinrara/kinrara residence escaped the madness jams!!!

too much development in bandar puteri until people try to stay away.

lakeedge puchong, can't get in & can't get out.

don't agree.

we're referring to a different class here. not the general mass. if someone wants to pay rm2 mil, he doesn't mind another 300k.

hence rm2.3 mil is reasonable.

Main competitors for KR Semi-D could be :

1. Lake Edge (YTL) - Puchong / leasehold G+G club house facilities
2. Sky Ville (IOI) - Puchong / freehold G+G
3. Kinrara Hills (New-Age Portfolio) - Bdr Kinrara / freehold G+G
4. Duta Kinrara (Pilot Group) - Bdr Kinrara / freehold / G+G + lift
5. One Jalil (magna Prima) - Bkt Jalil / freehold / F+G / Zero-Lot Bungalow
6. Oasis (I&P) - Bdr Kinrara / freehold / Golf view
7. Alam Sanctuary - Seri Kembangan / leasehold, f&g, bungalow lots launching shortly. bare basic semi-d units selling at rm1.3 mil. no clubhouse but with a 6-acre designer's boutique park & jogging track. the road in front of kinrara residence leads straight to pasar borong selangor (pbs). alam sanctuary is behind pbs.

I thought so too. but it's only 6 km from entrance of kinrara residence when the road in front of kr is opened-up.

anyway, the next phase of growth is in seri kembangan, i.e. Alam Sanctuary, D'Alpinia, 16 Sierra, etc.

but kinrara residence still has the most strategic location.

"We see developers positioning for further price increases due
to higher replacement costs (land and building materials). Meanwhile, property buyers seem
unfazed by the price increases because 1) many believe properties are good hedges against
inflation, 2) population dynamics give room to higher new home buyers vs. other years, as well
as, upgraders; 3) attractive BLR spreads of up to 2.5ppts for new homes, and 4) some developers
are still offering financing schemes. These are indications of both buyers and developers bullish
sentiments. The government has also introduced 100% financing schemes for first home buyers
earning below RM3,000/mth for homes between RM100,000-RM220,000; however we still think
this measure is more applicable outside key property growth corridors such as Klang Valley,
Penang and JB. The measure could encourage more developments in this segment. We also expect
the sector to maintain its excitement given the MRT roll-out. While we do not have details on 1Q11
sales yet, we strongly opine large developers will delivery within expectations given 1) attractive
lending rates (Jan 2011 AVL: 5.1%) 2) headline projects (SPSB’s KL Eco City) 3) MRT roll-out
providing positive sentiments 4) further landbanking news. Although a few banks have turned
cautious, we strongly believe that there is still ample of liquidity for home financing, as banks are
still willing to offer attractive BLR spreads for new launches. The upcoming Invest Malaysia (April
2011) could see stronger news flows on the Rubber Research Institute (RRI) developments and
potential partnership of MRCB to execute RRI developments."

...Kenanga Research

please continue to give feedback to mah sing:

angelachong [at] mahsing.com.my

they're listening.

as we mentioned last year, mah sing is set to transform & revolutionalize the concept of living in bandar kinrara.

I personally feel RM1.6 mil for a semi-d is still very cheap not because i'm a purchaser but the pricing is still on the medium-to-low side.

mah sing is not doing justice to its development.

any input from all the property invetsment experts?

Kinrara Residence - sales as at 4/4/2011

Bungalow Purchasers:
1)

Semi-D Three-Storey (Total : 120 units incd show units) - 51% sold
1)

Semi-D Double-Storey (Total : 144 units incd show units) - 69% sold
1) Covillea
2) driftmeister
3) eric er
4) cooolguy
5) comptechie1
6) liang7524

Link Three-Storey Purchasers (Total : 269 units incd show unit) - 59% sold
1) UFO-ET
2) frozen44
3) QW$$

Link Two-and-a-Half-Storey (Total : 67 units) - 100% sold:
1) krgia10

Link Double-Storey (Total : 113 units) - 100% sold:
1) pcteck19
2) mrkenjiro
3) alfredfx

Kinrara Residence - Sales as at 12/4/2011

Bungalow Purchasers:
1)

Semi-D Three-Storey (total 144 units, 83 units sold) - 58% sold:
1)

Semi-D Double-Storey (total 120 units, 94 units sold) - 78% sold:
1) Covillea
2) driftmeister
3) eric er
4) cooolguy
5) comptechie1
6) liang7524

Link Three-Storey Purchasers (total 269 units, 180 units sold) - 67% sold:
1) UFO-ET
2) frozen44
3) QW$$

Link Two-and-a-Half-Storey (Total : 67 units) - 100% sold:
1) krgia10

Link Double-Storey (Total : 113 units) - 100% sold:
1) pcteck19
2) mrkenjiro
3) alfredfx

This post has been edited by Covillea: Apr 12 2011, 08:16 PM

Kinrara Residence - Sales as at 12/4/2011

Bungalow Purchasers:
1)

Semi-D Three-Storey (total 144 units, 83 units sold) - 58% sold:
1)

Semi-D Double-Storey (total 120 units, 94 units sold) - 78% sold:
1) Covillea
2) driftmeister
3) eric er
4) cooolguy
5) comptechie1
6) liang7524

Link Three-Storey Purchasers (total 269 units, 180 units sold) - 67% sold:
1) UFO-ET
2) frozen44
3) QW$$
4) allwerp

Link Two-and-a-Half-Storey (Total : 67 units) - 100%? sold:
1) krgia10

Link Double-Storey (Total : 113 units) - 100%? sold:
1) pcteck19
2) mrkenjiro
3) alfredfx
4) chkit

Note :
2 & 2 1/2 storey still has 30+units reserved for BUMI
3 storey Superlink left bout 10 units available for non bumi
2 & 3 storey Semi-D left bout 25-30 units available for non-bumi (Total 244 units, already sold 177 units)
Last week alone TMS sold 22 units of 3-storey & 20 units of Semi-Ds, estimated sales volume of RM50 million!!!

---

Added on April 13, 2011, 9:31 amGo for units next to the linear park if there're still available. The last I heard is for 2-storey Semi-D next to linear park is selling at RM1.78 mil. What about 3-storey Semi-D next to the linear park? Any idea?

This post has been edited by Covillea: Apr 13 2011, 09:31 AM

kee1, very well articulated.

kinrara residence have become the icon for puchong like how lake edge used to transform puchong those days.

look at their clubhouse launching last sat is clear evidence that when they launch their bungalows, it'll be another level of excellence & fanfare.

---

Added on April 13, 2011, 1:43 pmhttp://www.vinann.com/2011/04/kinrara-residence-palmiera-semi-d.html

---

Added on April 13, 2011, 1:51 pmif alam sanctuary can sell at rm1.2 mil - rm1.3 mil for its 2-storey semi-d, then mah sing's kinrara residence 2-storey should go for rm1.7 mil.

http://alamsanctuary.77forum.com/

why is mah sing selling so low? does anyone knows?

This post has been edited by Covillea: Apr 13 2011, 01:51 PM

mr hawk, great explanation.

no worries. everyone can have their own point of view.

anyone has the latest status of sales for kr after last weekend? thanks.

---

Added on April 18, 2011, 1:41 pmBy 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.

This post has been edited by Covillea: Apr 18 2011, 01:41 PM

all,

i already mentioned earlier that mah sing listens.

kinrara residence is set to transform & revolutionalize community living in puchong.

please continue to feedback to:

angelachong [at] mahsing.com.my

let's put in all constructive feedback to angela.

mah sing really have to start increasing the price for the remaining semi-d to reflect the demand.

not sure why they're not confident enough to raise it further with such good demand from everyone.

This post has been edited by Covillea: Apr 20 2011, 06:02 PM

---

Added on April 21, 2011, 9:18 am

Do not be like this... let other people able to get those units at the affordable price haha


it's not doing justice to kinrara residence. everywhere is increasing price but mah sing is so conservative.

---

Added on April 21, 2011, 10:50 amThursday April 21, 2011
Inflation and demand to lift property prices 10%-20% this year
By EUGENE MAHALINGAM
eugenicz@thestar.com.my


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.

This post has been edited by Covillea: Apr 21 2011, 10:51 AM