all the above price already very high

below 2 price is the cheapest : Lido & 7 Tree Seven

hi, Any latest new about the route of MRT 2 ?
Will it come to Selayang ?

i think salayang got.

but more toward jinjang selayang. not betul betul selayang la.

this is mrt 1 progress.

it look very fast 30% completed for some section.


Attached thumbnail(s)

30% on tunnel digging only. They better dig fast. I have a lousy prop at Semantan depends heavily on mrt for further appreciation

the MRT2 allignment will be proposed in Q2 this year..any insider news on its alignment ?

Q2 ends this week .pls put a hope in Q3

Will the news report on DIBS be a Damper on MRT related properties??

This was just reported in Star on 29 jun 2013,
📻📡📢📢✂✂✂🔨.





By LEONG HUNG YEE hungyee@thestar.com.my

THE potential move to impose curbs on the Developer Interest-Bearing Scheme (DIBS) by Bank Negara may be negative for some developers in the short term and has little effect on banks.

StarBiz had reported that Bank Negara was studying the risks arising from the DIBS, with a view of potentially imposing curbs on it.

Basically, if you purchase property from a developer who offers DIBS financing packages, then the developer would bear the interest for the loan during the construction period.

In other words, you don't have to pay anything to the bank until construction is complete. You only start paying the bank instalments after the property is fully constructed.

DIBS has become a popular and easy financing package offered in joint-promotional activities between banks and developers in recent years.

CIMB Investment Bank Bhd research head Terence Wong said if the move by the central bank were true, then it would be "negative" for developers in the short term, although not entirely unexpected, as speculation on such a move had already surfaced in May.

"Although such a policy would have a negative impact on speculative demand, we believe the impact on earnings would be muted, while creating a healthier property market led more by fundamentals," he said, adding that he had heard whispers over the past few weeks on the possibility.

"We remain overweight' on the property sector, with Mah Sing Group Bhd as our top pick, and robust sales and earnings growth as sector catalysts. Any weakness in property stocks is an opportunity to accumulate, in our view," Wong added. Industry players are still awaiting a formal announcement from the central bank, if any.

Mah Sing's group managing director and chief executive Tan Sri Leong Hoy Kum pointed out that there has been no announcement on interest-bearing schemes thus far.

However, he hopes that any implementation would take into consideration the industry's feedback and the current market condition.

In addition, Leong said the lending environment was generally still conducive, with financing liquidity still attractive and interest rates still low.

While Mah Sing offers DIBS packages for some of its projects, it does not offer the scheme for its industrial, commercial and landed residential projects.

Hong Leong Investment Bank Research, meanwhile, believes that developers with a high concentration of high-end, high-rise developments such as Eastern & Oriental Bhd would be the most severely affected.

However, it reckoned that other major developers within its coverage would not be as badly affected, given their exposure to this policy shift would comprise less than 50% of their sales.

Kenanga Research analysts said there was market talk that Bank Negara might want to do without the easy financing packages as part of the property lending curb.

However, they say quick checks with developers under their coverage indicated that the developers were not extending this scheme to many projects at the moment, as banks were also discouraging developers from undertaking the scheme because of speculative activities.

"Notably, Hua Yang Bhd's and Crescendo Corp Bhd's projects do not use this scheme, so they would be least affected in terms of demand. So, in terms of fundamentals, it should not hurt demand too much, particularly for the bigger developers.

"It would affect stock sentiment in the short run, so do expect further sell-downs if the curb on DIBS materialises not even the high dividend-yielding ones would be spared," they opined.

In the medium term, Kenanga Research does not expect prolonged sell-downs, as the Government was already talking about implementing the build-then-sell model, which would restrict future supply and lend strength to demand and larger players such as SP Setia Bhd, Mah Sing, IJM Land Bhd and UEM Sunrise Bhd.

"Currently, our sector is under review. Our existing call is overweight' and we are likely to maintain this, but with a more selective or buy-on-weakness stance. We are likely to continue promoting affordable developers like Hua Yang and Crescendo due to their resilient demand-based profile. We also like Johor-based developers like UEM Sunrise, as we believe there would be more positive news flows towards the year-end, for example, the Malaysia-Singapore Rapid Transit System, the listing of Iskandar Waterfront Holdings Sdn Bhd and more strategic tie-ups," they added.

Concurrently, Maybank Investment Bank Research said assuming DIBS packages were banned, it estimates the worst-case scenario to be a marginal 0.7 percentage point to be shaved off its 2014 industry loans growth forecast of 10.5% to 9.8%.

"We believe domestic banks have been more tempered in their exposure to the mortgage segment, and channel checks point to limited exposure at this stage. We maintain our industry loan and earnings forecasts for the individual banks for now.

"We remain overweight' on the banking sector, with our buys' being AMMB Holdings Bhd, RHB Capital Bhd, BIMB Holdings Bhd and Hong Leong Financial Group Bhd," Maybank said.

It explained that general guidance was that such loans had made up 15%-20% of new mortgage loans over the past few years.

Thus, some dampening effect was to be expected.

"Nevertheless, we believe the impact is likely to be contained by the fact that the housing loan growth of the Big Six' banks has been measured and such loans account for less than 5% of total residential loans for the big banks."

Brother, out of all these, which one has HUGE shopping mall?

Nu Sentral, Tropicana Gardens, Sunway VeloCity and Cochrane Mall+Ikea

Smaller malls are D'Sentral (not confirmed), Glomac Damansara Galleria (not confirmed), Town Square @ Damansara City (high end like Publika), EkoCheras (not confirmed) and You Festival Walk @ You City.

Come to the meetup next Saturday, RSVP at:

Nu Sentral, Tropicana Gardens, Sunway VeloCity and Cochrane Mall+Ikea
>>> All launched? Any of these launching?

Come to the meetup next Saturday, RSVP at:
>>> KLCC or foresta?

either one... klcc will be iproperty expo and kopitiam.... foresta is foresta event that has fireworks.

Most are launching actually... haha. Buyers are already thinking RM1,500 psf for Tropicana Gardens. LOL

Cochrane development is by Boustead and VVIP priority first. Launch next year i think.

This post has been edited by accetera: Jun 30 2013, 01:42 PM

EkoCheras already have connectivity to Leisure Mall, they still want to do another mall meh? Too many..

Then again, it is quite a substantial mixed development.. maybe.
Its density would also fuel the need for more F&B support.

This post has been edited by PropFox: Jun 30 2013, 03:57 PM

Maybe not the usual mall... more of shops and plaza.. like solaris mk or solaris dutamas.

This post has been edited by accetera: Jun 30 2013, 04:00 PM

Yup, I too believe that most likely they will go along that line.

Btw Accetera boss, for your organised meet next Saturday, seems like there are 2 sessions, PTLM at 3pm and then the Foresta one at 6pm.
I cant make it for the PTLM at 3 so means I head to the other venue at Damansara Foresta Sales Gallery, Bandar Sri Damansara at 6pm? And how do I RSVP for this one? Thx

Either one.. a single same rsvp here: https://www.facebook.com/events/211909475627385

Cyaa...

Boustead VVVVIP? Again left tulang tulang? Any cable?

Anybody knows is the Maluri Jusco going for extention ? since their location is very strategic..?

hear will have direct underground link with the mrt station.

so, 100% have extention ( at least the underground section)

Thought MALURI Jusco should have large scale extension like what the 1U done. since opposite of the shopping center and at its back, still have large land for developed.

problem is maluri jusco not so "ong"

people prefer to go to klcc, mid valley, sg wang, tmn segar etc.. in this part of town

This post has been edited by tikaram: Jul 1 2013, 05:20 PM