RM1,200 to RM1,300 psf for Tropicana Gardens 3rd Tower later this year. You kidding me?

Everywhere seem to be hitting new psf prices and setting benchmark.

Let's do a fast reporting here whenever new projects are launched at new prices. Also, do share the latest subsale PSF.

Crazy prices for new launches. Doesn't make any sense anymore to me.

elevating and getting two fold above for each quarter. Best comparison is quater before Election and after, the huge price leap.

Tropicana like to put ajinomoto maa. I am not suprised

Tropicana is cooking their Tropicana Metro Park sqft pricing.....

But see hoy chan plan to build a condo in Ara Damansara targeted Jun 2013 did not materialize, my wife was called 6 months ago and told RM800 sqft.....

Anyone any news?

1200psf for 300sf = 360,000 affordable

This post has been edited by kh8668: Jun 24 2013, 09:57 PM

Tropicana Gardens Tower C - RM1,200 psf - Kota Damansara (coming soon)

Tropicana Metropark Pandora Service Residence Tower A - RM920 psf - Subang West

V Residence 2 @ Sunway Velocity - RM1,000 psf - Jalan Peel (coming soon)

Verve® Suites @ KL South - RM1,020 psf - Jalan Klang Lama

Icon Residenz @ Icon City PJ - RM1,005 psf - Federal Highway

TTDI Ascencia - RM1,000 psf - Taman Tun Dr Ismail

You Vista @ You City - RM650 psf - Taman Suntex, Batu 9 Cheras

VINA Versatile Homes - RM550 psf - Taman Seri Taming, Bandar Tun Hussein Onn

This post has been edited by accetera: Jun 24 2013, 10:11 PM

You City looks cheap here. Kekeke. I cant imagine in 10 years how would the sqft will look like? In kl can reach rm4000/sqft?

offically launched price discount/early bird price?
Tropicana Gardens Tower A - RM800psf??? RM7xxpsf???
Tropicana Gardens Tower B - RM1100psf RM 1,0xxpsf?
Tropicana Gardens Tower C - RM1,200 psf - Kota Damansara

Tropicana Metropark Pandora Service Residence Tower A - RM920 psf - Subang West early bird discount???? 600psf??

V Residence 2 @ Sunway Velocity - RM1,000 psf - Jalan Peel

Verve® Suites @ KL South - RM1,020 psf - Jalan Klang Lama

Icon Residenz @ Icon City PJ - RM1,005 psf - Federal Highway

Petalz OKR - launched 7xxpsf; early bird/discount price 6xxpsf?

Petalz Residence @ Old Klang Road - average before discount should be RM650 psf - Taman Seri Sentosa

should display launched price vs actual paid price

the reach titiwangsa 7xxpsf discount 15% actual price could be 520psf

My new project is compiling the indicative psf for the following new highrise projects... mari-mari help share share and add input!!!


This post has been edited by accetera: Jun 24 2013, 10:21 PM

Gavin Tee said city area can reach RM5k psf within 5 years, will see how accurate is he!!

5 years from ???

Talk is cheap. How Malaysian income catch up?

Unless USD 1 = RM 6+

Saville Bangsar selling at 600psf edi...

taikor, which 1 psf is cheaper den easier for me to aim...

Aiya sure can lah... if just one project sell at RM5k.

Pavilion extension land already sold for RM7,209 psf back in 2010.... and they are planning to launch "elite" residences there with hotel + pavilion mall extension. I hope they don't undervalue the psf... hahaha.

This post has been edited by accetera: Jun 24 2013, 10:42 PM

As long as the buying continues, those bloody developers/agents/speculators will continue to push the price...
and people will continue chasing them, thinking that it will appreciate and it will be beyond their reach if they don't buy now....
the sharp spike in property pricing has more than justified the increased cost of construction materials and is only purely driven by greed and the herd mentality.

Half a million for a shoe-box apartment is a bloody JOKE!!!!!!

This post has been edited by rawrkun: Jun 24 2013, 10:51 PM

Good tabulation. I waiting for all dai gors' sharing of the price. tq tq.

Ya, kindly list down the price so we know which place still undervalue

Currently the highest record is RM3k psf

This post has been edited by zuiko407: Jun 24 2013, 11:03 PM

I think he mentioned this early last year if I not mistaken

http://theswhengtee.blogspot.com/2011/01/m...rm5000.html?m=1

He mentioned it since 2011

so another 3 more years to go to see his predictions becomes true or not

If built-up 100sf x rm5,000.00 = rm500,000.00
boss ok or not?

Definitely not ok.
But Gavin is mentioned golden triangle area, means KLCC, Bukit bintang etc.
Now market price in city area about 1.2k to 1.8k psf, or more, new launch more than 2k psf, record price 2.9k psf @ binjai on the park, huge built up, another record price 3k psf @ four seasons place, huge size with 11.9k sf built up, price more than RM30 mil.
I think Gavin is not saying all super condo in city are selling 5k psf, he's saying price will hit 5k psf means that a single launch or unit sold at 5k psf, then what he predict is right.
Anyway! I'm not fully believe that, I'm still 50:50 on his statement, will see how accurate his prediction, or just bullshit??
So, whether 5k psf or 3k psf located in golden triangle, it'll definitely not for you and me, hope this answer your question " If built-up 100sf x rm5,000.00 = rm500,000.00
boss ok or not? "

LOL.. kakaka

haha. even though it sounds funny. but it is possible. hopefully the price wont go to that level in 5 years. -.-

This post has been edited by faReZheLmi: Jun 27 2013, 03:41 PM

The Vyne is about RM 450 psf, new block will be RM 550++ psf

8 Kinrara is >RM600 psf...

Yes, possible to hit 5k psf. Fresh graduate like me can only live in our cars.

We will be like HK one day... its just matter of time. Mostly new launch in PJ n KL area hits 500-700psf ... many sold out like hot cakes... for those who r still waiting 300-400psf... keep waiting... maybe Seremban or Ipoh is your next target

i think mostly new launch in PJ and KL area hits 900 - 1,000 psf already.

Tropicana Metropark, Subang available studio units in Block A are about RM 745psf and above. Block B few more units available on lower floors for RM 602psf. Both after discount prices. Studio sizes for are 599sf and 596sf respectively. But Block B faces the high tension cables and TNB substation.

This is Phase 1 launch. Phase 2 is expected to be launched year end at around RM800 psf. By the time they launch Phase 5, prices would be RM 1,000 psf and above i think. Entire development will take 12 years and at 88 acres its among the biggest in the Klang Valley rite?

No doubt all PJ and KL new launching hitting 1000psf very soon....

who is gavin tee?

The mainstream media called him: "The biggest and most covered property guru/investor and owner of malaysia's largest property investment club"

Prices info???


GREATER KUALA LUMPUR JAN-JUN 2013 - NEW PROPERTY LAUNCHES & PREVIEWS

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GREATER KUALA LUMPUR JAN-JUN 2013 - NEW PROPERTY LAUNCHES & PREVIEWS

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GREATER KUALA LUMPUR 2013 COMING SOON - UPCOMING LAUNCHES & SPECULATIONS

I agree with you. Although i have afforded to buy some high end but i have told myself is time to stop.Developers being greedy and agents just keep pushing sales.I have some friends which are property agents but they actually have felt the prices have been ridiculously high so is about the buyers' own thinking to take the risks.If they can,they have the right.

HK and SG undoubtedly pricing keep jumping up because they have many foreigners and expats who keep coming in but at this moment we are not like them,instead we are going wrong direction.The foreigners who coming are those from Pakistan,Bangladesh and Africa.Is true they are expats however they come because some Malaysian companies need people with specific skill (normally engineering field) with lower pay then they do if they hire locals or western expats.As the result,all these so called 'expats' are not like those in SG or HK whose can afford to stay in exclusive properties.

You guys can try to register with Malaysia expat forum and you can easily see alot of engineer from Pakistan,India and Bangladesh got hired by Malaysian companies but their budget for housing rental are not exceeding RM3K normally as this RM 3K amount is totally high for them.

So as the conclusion investors or precisely speculators who hope can rent out their property high in future will really have to be careful and thoughtful.

Wow. Prices are going so high. Hear that there is another one coming up in Sungai Besi - Anyaman? Prices around RM590psf. Next to the TBS. Is it worth a look?

Been told by SA the developer licence only ready by end of this year. So might need to wait a bit loner. Maybe end of this year or early next year.

Let's see whether it will be overstating or understating...


New Project Speculations Average PSF before discount:

Three28 @ Tun Razak - around RM1,000 psf

Sunway Geo Residences - around RM900 psf

Pantai Sentral Park Phase 1 - around RM800 psf

The Residences @ Paradigm Mall - around RM800 psf

The Fennel @ Sentul East - around RM780 psf

Lakeville Residence @ Taman Wahyu - around RM700 psf

DEX 2.0 @ Kiara East - around RM690 psf

The Reach @ Titiwangsa - around RM650 psf

8 Kinrara Service Apartment - around RM600 psf

Parc Ville Condominiums @ Bandar Puchong Jaya - around RM600 psf

Green Residence @ Cheras 4th Mile - around RM600 psf

CloudTree @ Bandar Damai Perdana, Cheras - around RM450 psf

This post has been edited by accetera: Jul 15 2013, 11:53 PM

I personally think only Tree28 and pantai sentral park worth with the price offer... Anyhow, pantai sentral park selling price is starting at 800 min... I see it could go up 1000psf for better/ higher floor unit, even 2nd /3rd and etc phases...

Too many choices, too little bullet...,
Also...dunno which to buy

Beware .... the sign is getting clearer and clearer...day by day.

If high position expat, they will willing to pay 3k rental.
If same position like us, they will target 1k - 1.5k

Yet, can little coming of so call expat overcome the oversupply of condo in KV?

scary......

Paradigm Residences

Please post some cheap cheap project here, I think more people interested lol

EVO Soho Suites Bangi RM250k

Affordable pricing but not so familiar that place, need to do more study! Thanks for sharing

A hike next year for KLCC area is quite likely as Malaysia is still in the radar of many people....

9 NEW LAUNCHES IN GREATER KUALA LUMPUR BELOW RM300,000 (<RM300 K)

Now there're 95 highrise-only new projects on 2013 PTLM Klang Valley New Launch & Preview Trackker. And another 100 or so highrise-only new projects on 2013 PTLM Klang Valley Coming Soon List, that probably spillover into next year. Many more planned are unknown of name as of today so they are excluded.

From the 95 new launches this year, here are some of the lowest nominal prices:


1. Residensi Warnasari 2, Puncak Alam Shah Alam - from RM100,000 for 863 sf onwards - by MKH Bhd

2. Cubic Sky SOFO, Seksyen 16 Shah Alam - from RM200,000 for 439 sf onwards - by Ancubic Holdings

3. The Grand SOFO, Kelana Jaya - from RM218,000 for 332 sf onwards - by Mediaraya (Asia Cafe owner)

4. Mewah 9 Residence, Kajang - from RM220,000* for 850 sf onwards - by MKH Bhd

5. EVO SOHO Suites, Bandar Baru Bangi - from RM245,000 for 454 sf onwards - by PKNS-Andaman Group

6. Oxford Tower @ Empire Remix II, Subang Jaya - from RM263,200 for 450 sf onwards - by Mammoth Empire

7. Savanna Executive Suites, Southville City @ KL South - from RM280,000 for 956 sf onwards - by Mah Sing

8. Infinity Tower SOFO Suites, Kelana Jaya - from RM290,700** for 417 sf onwards - by Ideal City

9. Crestin Park @ Sabha Impian, Kajang Town Center - from RM299,250 for 868 sf onwards - by Tenggara Teguh


* Minimum selling price was approved at RM72,000.
** For less than 5 units. The average selling price throughout 2013 was higher than RM300,000.
*** Subject to availability and all prices are before any adjustment and revision.


This post has been edited by accetera: Aug 19 2013, 11:33 PM

what sign.. buble?? huhuhuuu

Is balloon maybe , last longer , bigger , but if it explodes ; more forceful n has a greater impact .

updated below 300k list

Fuel price rise and crackdown on illegals affecting construction sector
By MARTIN CARVALHO | Updated: Thursday September 5, 2013 MYT 7:09:21 AM
http://www.thestar.com.my/News/Nation/2013...ion-sector.aspx

PETALING JAYA: People looking to own a house any time soon will have to pay at least 10% more for their dream home, according to developers.

They said the increase was due to the double whammy that has hit the construction industry – higher costs of building materials resulting from the 20 sen rise in the price of RON95 petrol and diesel and absenteeism among foreign workers because of the nationwide crackdown on illegal immigrants.

Real Estate and Housing Developers Association of Malaysia president Datuk Seri Michael Yam Kong Choy said the failure of foreigners to turn up for work was causing delays, thus adding to costs which contractors were certain to push to consumers.

He added: “The raids on construction sites have frightened even legitimate migrant workers who are staying away.

“This also happened in past raids, Legitimate migrant workers simply did not turn up for work or delayed their return from their country until the storm blew over.

“Because of the shrinking supply of workers, developers have to pay more for labour to meet contractual deadlines, failing which they will be penalised.”

Developers are bound by the Sales and Purchase Agreement and will have to pay compensation to buyers for late delivery, Yam said, adding that contracts in the private sector were awarded with no provisions for price adjustments.

While acknowledging the need to flush out illegal immigrants, he said any reduction in the number of workers would hurt developers.

On the fuel price hike, Yam said it affected the supply chain of the construction industry, involving more than 100 types of business.

Master Builders Association of Malaysia president Matthew Tee said members were complaining that their legal workers whose documents were being processed were staying away for fear of being arrested.

“Our understanding is that all foreign workers will be detained unless they can prove that they have proper documentation,” he said.

“This can be difficult as their documents may still be with their employer or immigration pending the affixing visa of stickers by the authorities.”

He added that there had been cases in the past of legal workers being detained for up to 14 days.

Tee hoped that there would be no recurrence of such instances, and warned against a repeat of the situation in 2002 when the construction industry was brought to a standstill due to a shortage of workers.

In George Town, the Penang Master Builders and Building Materials Dealers Association says it expected construction costs to rise by 3% to 5%.

Association president Datuk Lim Kai Seng said the cost of transportation was likely to rise 10% to 20%, and the prices of sand and cement by between 5% and 10%.

He said that cement now cost RM17.50 per 50kg while sand sold for RM70 per cubic metre.

BuyBuyBuy continues with EkoCheras
Photos from and do join us at: https://www.facebook.com/groups/115179435202482/


EKOCHERAS ::: All duplex SoHo. From 762 sf (various sizes) and from RM470,900+ onwards. Priced with no DIBS but with optional DIBS comes with top-up roughly 7.6%. No free SPA and stamp duty. Freehold. Mixed integrated development along Jalan Cheras. Connected walkway to Leisure Mall MRT station. Developer is Ekovest Berhad. Preview begins 6 September. No brochure and advertising materials as of 7 September 2013.

(Picture) Block J - left 8 units as of 6.01PM today.





(Picture) Block H - left several units as of 6.02PM today.

This post has been edited by cheryee: Sep 8 2013, 06:29 AM

Amazing demand for this project.

Last week.... 3 sign appeared.

1) Police and Immigrantion went on operation for illegal alien.
2) 20 cents increase in Petrol Price.
3) Gov announce postponement of ETTP projects not launched.

There is no need to increase currency rate to protect the ringgit from devaluation.

Do you think property price will still increase?

Of course. Points number 1 and 2 will directly impact on the cost of property prices. Look at the newspaper a few days back, they are quoting an increase of 10%. All signs are pointing to a further increase in the near term la!

Asking prices will definitely increase (for subsales). Transacted?

Future launches will be impacted as developers will be faced with increased in material prices and competition for manpower (foreign labour). Hence, the expected increase in prices for projects that are yet to be launched. With that i think the subsale prices will also follow suit.

From STAR today

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Hot Issues For Consideration

07 Sep 2013
OF late, there has been talks that the real property gains tax (RPGT) may be be reinstated in the coming Budget 2014 to be tabled next month. Real Estate and Housing Developers Association (Rehda) has written to the authorities to state their views. Bank Negara is also studying the possibility of banning interest bearing schemes. The Developers' Interest Bearing Scheme (DIBS) is said to encourage speculation as buyers need only to pay 5% or 10% downpayment and need not pay anything until the property is completed. The return of RPGT and the possible removal of DIBS are signs to prepare the property sector for the challenging times ahead, as seen by the volatile stock markets in South-East Asia. While Malaysia has to tackle a number of issues in the greater framework of the economy, there are three issues befuddling the property sector - bubbles, speculative elements and affordability. Developers want a benign RPGT regime and the DIBS to be maintained while certain quarters want the return of the old tax structure of 30% tax on profits on disposal in the first year. The RPGT is both an anti-speculative and revenue-generating measure. RPGT will play its role to curb speculation, says property consultant Elvin Fernandez of Khong & Jaafar group of companies and the House Buyers Association (HBA). During the last two budgets, HBA had anticipated a tax regime with more bite and was sorely disappointed. There was a time when not all developers offer interest absorption schemes. Today, most are pressured to do so. Says Rehda president Datuk Seri Michael Yam: "It helps people get on the house-ownership ladder." "It also nurtures speculative tendencies," says Elvin. Incidentally, interest absorption scheme was the first to be banned by the Singapore government as early as 2009 in a series of measures to cool the property market. DIBS aside, the larger issue is transparency, says Elvin. When developers offer DIBS plus a host of other incentives - rental guarantee, cash back payment, free furniture, free stamp duty and legal fees - banks and lending institutions provide mortgage loans based on the larger headline figure inclusive of these discounts. A mortgage based on the real price, without discounts, would reduce the loan amount and lessen household debt. Discounts tend to bloat up the loan amount by another 10% and 20%, says Elvin. The provision of the real price, without the discounts, gives a true and real picture of the housing market. DIBS and discounts have also resulted in a buoyant primary market. In 2009, the National Property Information Centre recorded a total of 211,600 residential transactions, of which 12.24% were purchases from developers and 87.76% from the secondary market. Three years later, in 2012, out of 272,669 transactions, slightly more than a fifth (22.09%) were purchases from developers. "This has never occurred before. This is an extraordinary jump, and this is because of DIBS and the discounts given," says Elvin. The shift in the market is clear and this represents risk, he says. On the issues of housing beyond the reach of many, about a third of housing in the country is below RM150,000. Some of them are in enviable locations, for example near Jalan Maarof in Bangsar Kuala Lumpur. But these are not well-maintained and young professionals do not want to live there. It boils down to an overall property management issue. PR1MA Corp Malaysia CEO Datuk Abdul Mutalib Alias says more than 20,000 homes will be built under 15 affordable housing projects in Greater Klang Valley, Johor, Penang, Sabah and Sarawak in Phase 1.

from https://www.facebook.com/groups/115179435202482


This Weekend...

Puchong Town Centre - From 1,000sf and RM600psf

EcoSky Kuala Lumpur, Jalan Ipoh - From 861sf and RM630psf

Urbana Residences @ Ara Damansara - From 815sf and RM650psf

Vivo Residences @ 9 Seputeh - From 775sf and RM700psf

EkoCheras Service Residence Block E - From 596sf and RM720psf

Sentrio Suites @ Desa Pandan - From 570sf and RM750psf

Residensi 22 @ Mont'Kiara - From 1,878sf and RM750psf

You Vista @ You City Cheras - From 523sf and RM760psf

H2O Residences @ Ara Damansara - From 750sf and RM760psf

Three28 Tun Razak - From 700sf and RM1,000psf

Dorsett Residences Bukit Bintang - From 500sf and RM1,800 psf

This post has been edited by accetera: Sep 13 2013, 09:27 PM

Looks like 700psf starting to be common and soon becoming nominal ... Subsales need a little push here...

For condos and service apartments:

Klang Lama: RM450-500psf
Kuchai Lama:RM450-500psf
Ara Damansara:RM700-750psf
Subang Jaya:RM650-700psf

What about
1) Mont Kiara
2) KLCC
3) Bangsar

I want to follow this thread.

Cheras now joins RM650-RM1,200 psf

This post has been edited by accetera: Sep 22 2013, 10:04 PM

Taman Wahyu now joins RM630-RM700 psf

OLD KLANG ROAD 1100PSF

U refer to Verve KL?

How about psf new launch in KLCC?

really wonder how you obtained such information from?? cool and thnks for sharing

If you know more, please share...

Elevia Residences @ Taman Tasik Prima Puchong - From RM557 psf

One Central Park @ Desa ParkCity - From RM750 psf

Are subsale price softening??

The Fennel Phase 2 sells averagely about RM750 psf.

Any update gentlemen?

I don't think so, if you are exploring I Property, Mudah.com,then you can realize it
Alots of owners are advertise they properties in Mudah

Personally I doubt sub sale prices especially for the older properties ( where owners have held > 5 years) will soften as it will be really catch up time for this category once the freebies like DIBS, transparency in rebates really get implemented for new props. The gap between cash out lay by buyers will narrow somewhat.

http://www.mapsofworld.com/malaysia/maps/k...-lumpur-map.gif

Based on the map above I think a lot of people do not understand what is the meaning of KL. As long as at Selangor near KL consider KL property.
Shah Alam is KL?
Bangi is KL?
Kajang is KL?
Serdang n Seri Kembangan also KL?
Subang Jaya, Petaling also KL?
Puchong also KL?

Without a clear definition, everybody just simply claim property at capital city of Malaysia. Wow good location, new launch or nice location at capital.

I just think a lot of people got no clear definition of location if all the above address being regard as KL.

This post has been edited by re_freako: Nov 19 2013, 11:56 PM

Do you know the difference between kl and greater kl?

Actually I don't realise until you ask me then I google. Anyway greater KL area is too wide. It's like now simply every outskirt also consider KL. Anyway in your postal address still state Selangor rather than greater KL right?

Anyway it's my ignorance, I learn new term today.

This post has been edited by re_freako: Nov 20 2013, 12:20 AM

"Greater KL" is the new name for Klang Valley if you refer to PEMANDU (ETP plans).

And it specifically pointed out that Greater KL consist of 6 or 7 jurisdictions only. No doubt about that.

This post has been edited by accetera: Nov 20 2013, 12:37 AM