Phase II of Taman Belimbing Setia will be launched this Friday
https://www.facebook.com/media/set/?set=a.3...29739991&type=1

No double storey like that Phase I

What is the take-up rate for Phase 1 at Belimbing Setia

Phase 1 completely sold except 1 bumi quota with huge land... (according to the developer)

I dropped by the sales office of Taman Paya Rumput Perdana Phase 1 & 2 last Friday.

Phase 1 was planned to complete with CF in March 2013. But visitors were not allowed to enter the area.

Managed to sneak into the site in November and I would say most of the houses in Phase 1 have been completed. The roads are still very muddy and I have to wash my car few times. Congrats to all buyers of TPRP as GJH seemed to be a very reliable developer and their new HQ is located at TPRP.

For those planning to sell, pls sell with a handsome profit.

Anyone bought Bertam Setia phase 3? How is the progress?

Saturday December 15, 2012

Good housing demand in Malacca
By FOO SWEE LEE
malacca@thestar.com.my

PATRICK Poo, 32, a graphic designer, bought a new single-storey terraced house for RM135,000 in Krubong two years ago. There were not many choices on new property in the historical town of Malacca, which resulted in him buying a house located a bit out of town.

He chose the single-storey property because it suited his budget and met his needs.

The price of his house has now increased by 20% in just two years. As with the rest of the country, prices of Malacca's residential property have seen an increase the past couple of years.

The Real Estate and Housing Developers' Association (Rehda) of Malacca and a property consultant located in the state are of the view that prices of properties, especially houses, are expected to increase further as long as the economy remains stable.

According to Rehda Malacca chairman Datuk Anthony Adam Cho, due to the various developments in town, congestion has set in. This has resulted in a residential expansion shifting to Cheng, located in the north of the state.

“As with the situation in other states in Malaysia, the increased cost of building materials, higher land prices and labour shortage have resulted in an increase in prices of properties here,” Cho says.

Rehda Malacca immediate past chairman Datuk Gwee Yew Kiat adds that most, if not all, the landed properties in Malacca cost RM180,000 and above now.

“The demand for landed property continues to be high despite the high property prices,” he says. He says this is because the younger generation today have better paying jobs compared to before. Therefore, they are prepared to commit to a bigger and more luxurious house.

Datuk Peter Lim Cheong Seng, treasurer of Rehda Malacca, thinks that high-end residential units in gated and guarded communities are gaining popularity in the town of late.

“All of us would like better security and some are willing and able to pay more for the safety of their family members,” he says.

Teladan Setia Sdn Bhd, a prominent developer in the state which has been operating for 15 years, has the most luxurious freehold gated and guarded community today. Its development in Taman Saujana Heights, Bukit Katil has an out-of-the-town feel and offers about 100 units of two-storey semi-detached houses and two-storey bungalows.

The land areas range from 4,047 sq ft to 13,186 sq ft and the selling prices are from RM880,000 to RM1.5mil, or about RM240 per sq ft.

The low density, exclusive, gated and guarded development offers modern contemporary and premium finishing.

The main attraction is its full-height windows, which enhance the interior space considerably as it allows more natural light in to brighten the interiors.


Cho: ‘Rising prices are due to the increase in price of building materials, higher land cost and labour shortage.’
Teladan Setia executive director Richard Teo says these “well-spaced and exclusive homes are much sought-after by the professionals in the state.”

The project is just a short drive away from shopping malls, a private hospital, private universities, recreation spots and major government administrative offices.

“These grand homes will be equipped with access card entry, green tinted windows to reduce heat, 24-hour security, perimeter fencing with CCTV and intruder sensors,” he says.

Another popular residential bungalow development is Taman Paya Rumput Perdana phase 2, developed by GJH Avenue Sdn Bhd.

This freehold development is accessible via the AMJ expressway and offers a myriad of amenities like banks, a hypermarket, a mosque, a government school and clinics.

The development is about 15 minutes from the town centre and 10 minutes from the Simpang Ampat toll plaza.

Two of its main selling features of Taman Paya Rumput Perdana Phase 2 are the club house and a park. There are single-storey, one-and-a-half and double-storey bungalows offering built-ups of 4,000 sq ft. Prices are from RM296,000 onwards.

According to Susie Tan, marketing manager of GJH Avenue, many of the modern-looking bungalows have been sold and only bumiputera lots remain today.

Property consultant Tee Ping Lim says the middle to high-income young Malaccans made up the major percentage of house buyers today. Tee, who is the executive director of JS Valuers Property Consultants in Malacca provides several salient features about the Malacca property scene.

As with most parts of the country, landed properties are still the preferred choice compared to condominiums.

New residential houses enjoy a greater demand than those in the secondary market where buyers buy from owners instead of developers.

Many people are upgrading to bigger houses, which they seem to be able to afford quite easily.

Tee says buyers are also becoming pretty savvy. “While the holistic-looking house designs in Taman Paya Rumput Phase 2 is the main attraction, house buyers have two major consideration when it comes to buying a house today - accessibility and affordability.”

With land being a state matter, the state guidelines on bumiputra quota is 60%, which means that 60% of residential developments are reserved as bumiputra lots. This leaves other house buyers with few choices.

At the same time, expatriates and foreigners who wish to invest or own a house here are also pretty restricted because of the policy.

Bro n sis, wish to know more bout jonker st shop houses. Anyone here vested there? Hav been searching thru iproperty but not much info avail. Onli few r in the seller list n all r over priced.

Appreciate if someone can giv a guide line of price psf for commi there.

Thanks

Any Gangsa Hills house purchaser herre?

how you guys foresee the shop beside jusco (one lagenda), do u think this place is good?

why has it not been populated yet anyway?

expensive rental. hahaha

these people sure have so much money to be holding them that long. As of now, not much effort to pull the crowd there. People only go there to park on weekends when it is full in Aeon.

hope to look for advice from intelligent investors here.
wanna check, is it worth to invest in Condotel, 99 Residence at Jln Tun Sri Lanang? located in between Renaissance Hotel and Prudential Building, to be constructed, launching in this coming weekend (19-1-13), relevant info:
1) freehold
2) RM 540 psf onwards, total 391 units, standard suite 492 sf per unit
3) sell & lease back contract for 15 years
4) return: 1st 9 years at guaranteed 7.5% pa, 10th to 15th year at unguaranteed 8% pa.
5) free SPA, no DIBS, free maintenance, free refurbishment every 5 years.
6) shd pay sinking fund 0.5% of SPA price p.a.
7) managed by PTS properties, similar management body to Jaya 99
8) soft launch almost 50% sold
Please comment ..

Justin, need more info on this. What happen if we want to sell during the leaseback period. How strong is this developer/hotel operator?

what is condotel?
condo type hotel?

what kind of risk is there in investment such property?

Hi guys,

I need some advices for my first property purchase.

1. I am really interested in this project in Durian Tunggal. It is bungalow house with price about 543,000. Do you think the price is reasonable and not overprice?

2. I am still new on Melaka property, so Durian Tunggal is a flood-risk area or not?

3. Overall how much do property in Melaka appreciates per year?

4. Last but not least, about my financial situation. I already married and not having children yet. Total income me plus my wife are about 10K. Do you think we can afford this house? monthly payment will be about RM 2,300.


Thank you !

With your income and assuming you have 2 cars, the total financial commitment is about RM4k - RM5k. It is a comfortable life for u in Melaka. Go for it. Just curious, why choose Durian Tunggal? Have you surveyed place nearer to town. Personally, I wont touch any properties above RM300k in Durian Tunggal. Have you surveyed similar bungalow projects nearer to town. With that kind of budget, you can get many projects nearer to Melaka town. Try looking at Taman Paya Rumput Phase 1 which will be completed soon.

usually this commercial props player really got amazing holding power
from what i heard,they rather let their unit vacant for a year than rent it at below their askng price


i oso wanna know how strong the developer/operator is
7.5% is good dun u guys thnk?