Hi,

Monlis is scheduled for Phase 2. But brought forward to Phase 1.
Thanks.

great! thanks boss! What will be included in Phase 2? Only Semi-D and Bunglow? or come with DSL again? Ada indicative price tak?  

As most of you are aware that I am a Risk Manager with a local bank - this post relates to the 2013 Risk Management Summit that is being held annually since its inception in 2011. Sharing an update from another risk manager that attended the conference with some inputs from my end.

"Been going to the Risk Management Conference every year since its inception in 2011. Somber mood the latest one was. Most agreed that the Big One is coming. The next one will make Asian Financial Crisis (AFC)'98 look like a mild event. And, the next Big One will certainly hit our shores, unlike the Global Financial Crisis (GFC)'07. Sovereign debt crisis, household debt crisis & loose / ineffective regulations will spearhead the impending crisis. When? As early as 2015.

Bank Negara Malaysia (BNM) is too slow to contain the bulging household debt. Keep on saying that it is manageable but the size of it is as big as the entire GDP of Pakistan.
Note: Some statistics, Malaysia household debt (debt accumulated by normal public) stands at 85% of total Malaysia GDP in 2012 vs 50% in 1998. This indicates that the household is run on debt as only 15% free spending remains. (This is bad stats). This may be debated but in comparison to developed countries, we are just servicing too much debt vs income.

Government of Malaysia (GOM) is too accomodative of asset speculation, particularly residential properties. DIBS is only abolished in 2013 when Singapore had abolished it in 2009. The new RPGT is not detrimental (or severe) to contain the speculation.

And, for 15 consecutive year, the budget is in Red (deficit = overspending than what we have and we have budgeted), with no indication of bringing it to surplus. At current rate, even reducing it, is highly doubtful as evidenced by the latest budget - all the free handouts and unnecessary spending remains intact.

There you go - we have all the ingredients right infront of us and in place.

The asset bubble is gonna burst. Perhaps, it is a good time to sell your "investment" assets (read: speculative property asset) now and enter the market when the bubble burst. Pay off your debts or reduce it as much as you can. Long cash is the strategy. Defer your major purchases. Just ensure that, you have a chair when the music stops or don't be the one holding the baby when the party stops.

To most people, risk managers are not a cheerful lot. But, even at my own standards as a risk manager, these people looked gloomy"

Just sharing neighbours.

empty/partial unit should be around 1k...fully furnish can up to 1.4k...

majority should be lecturer and students..

and also some working locals who work around semenyih, bangi area...

dun assume everyone can afford a house..many ppl still not able to buy a house in malaysia..especially when need to fork up 10% downpayment...

Rental play pergi consult our Dr samkps, he got banyak jalan geh 

According the letter received by developers and banks from BNM, it is with immediate effect. This coming weekend signing for Plavias, Merrum, etc will be the last batch to enjoy DIBS scheme for the Phase 1. For the remaining batches of Phase 1, e.g., Luzento, etc, it is confirmed that no more DIBS from developer. SEH is now study a special rebate scheme for those batches buyers, but everything is not confirm yet whether there will be a discount or rebate for those batches.