Wow, 5 mil. Salute.

Brother noblebaby "name" must be used up @ Singapore, should have kena 10% @ 15% liao.

This is why keep BBB Greater KL...

brother, i need to pay stamp duty as i already owned 3 properties in Singapore.

the yield stated in the ad is ard 6%.

buy more before it is too late. lol... as long as it is FH except KLEC.

Singapore copy Hong Kong policy.

Malaysia will copy soon, not sure how soon. Hehe.

I love Msia and hate Singapore!

So do I, but Singapore girls not bad mah.

Singapore superb working, but lousy living place.

Singapore is one of the safest country in the wold however living quality is one of the worst.

We need singaporean to buy big in KL

Embassy exits Malaysian JV with Rs 400cr profit:

http://timesofindia.indiatimes.com/busines...ow/21077927.cms

BANGALORE: IT Park developer Embassy Group, one of India's top three office space builders, has exited an overseas joint venture with Malaysia's MK Land Holdings Berhad selling its 40% stake valued at $250 million , or Rs 1400 crore, back to the latter.

Promoters of MK Land, led by Malaysian property tycoon Mustapha Kamal, and Bangalore based Embassy had floated 60:40 JV to develop technology parks in Malaysia three years ago. IT park specialist Embassy sought to monetize stake in MKN Embassy Development, which has already built more than 3 million sqft project at Cyberjaya in Malaysia.

MK promoters bought back the Embassy stake, providing the Indian developer with a net profit of about $70 million, or roughly Rs 400 crore, in a deal struck during the just ended June quarter, said people directly briefed on the matter.

The privately held Embassy, with a portfolio of 24 million sqft commercial space, is among the very few Indian real estate majors with international joint ventures in south east Asia and Eastern Europe, as markets like Malaysia and Serbia looked to attracting global ITeS industry. Embassy Group CMD Jitu Virwani confirmed monetizing the Malaysian JV, when contacted.

Incidentally, the sale of Malaysian asset comes even as Embassy is aggressively looking to grow its office space portfolio in India through acquisition of IT parks and commercial properties across the country. The company has also spun of some of its iconic business parks in to JV, where private equity major Blackstone has picked up a 50% stake.

Recent Malaysian media reports said the publicly listed MK Land had scrapped plans to develop affordable housing projects in India through a separate JV with Embassy.

Both parties mutually ended the proposal after India's rocketing real estate prices and inflationary pressures rendered affordable housing projects unviable.

MK, in recent years, has focused on building affordable homes, as part of Malaysia's efforts to find housing for lower incomes families in the southeast Asian nation.

bro Yap, i got a Q wanna ask long time liao... y SEG and not DPC since the price you paid in SEG also can get it at DPC with some top up. TQ^^... coz im in dilemma to confirm my dream house in dream land haha:D

This post has been edited by a_sim: Jul 18 2013, 02:11 PM

Eco Glades vs Desa ParkCity again? In fact, I like both!

Timing: Sama sama
Location: Desa ParkCity better
Concept: Sama sama
Density: Eco Glades better
Potential: Eco Glades better

Our 2012 Eco Glades 26 x 95 < RM 1.1 M, the minimum entry @ Desa ParkCity RM 1.4+ M, does not provide such specification.

& Cyberjaya has a communities of many HER, not only Eco Glades.

Refer this for pricing comparison:
https://forum.lowyat.net/topic/2822509/


This post has been edited by xyyap: Jul 18 2013, 02:37 PM

Not to mention the infrastructure already in place in Cyber, Fiber, green, well planned townships in the whole of cyber not only in SEG.

i wish when i got my bullet i able to shoot for a unit in SEG... actually prefer landed but seems i missed the boat arghhh.... so if their high rise still can consider?

Like Desa ParkCity, Eco Glades highrise is good for own stay than investment.

By the time SEG launching high rise, i guess it will be closing to RM 800K-Rm1.0mil per unit lor wow!

by the time SEG high rise launch, Verdi will be dirt cheap and many will ask how come did not buy 2 units, lol

those time the market sure can not get good deal...

I wish Eco Glades highrise price RM 700k+ RM 600+ psf

Own stayers will BBB...

if i remember correctly, SEG's SA told me they plan to launch high rise at >=RM650psft...

Hope is lower when come to the launch date heee:D

So phase 1 - 1200ft2 x Rm650psf = Rm 780K~
Phase 2, 3, 4....will be hitting more than 1 mil.
LV owner like bro XYYAP will laugh all the way to bank