Property Developers in MY record one of the highest profit margins.

Also, property prices in MY are amongt the highest in the world, based on annual income multple

http://krinstitute.org/publications_list.aspx

Khazanah Report on State of Households

This post has been edited by cfa28: Dec 10 2014, 01:55 PM


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This post has been edited by cfa28: Dec 10 2014, 01:51 PM

One word to describe = SLOW

I invested in Phase 1, visited the Show Unit / Sales Office and saw not many units taken up for Phase 2

TH has put many banners on Street Lights in Kajang

TH also put up many Billboards in Kajang and along Grand Saga Highway

TH also put posters in CIMB and Maybank Branches in Kajang and Sg Long

But sales is still slow....

I buy for own stay and hope to give to my children. - Buy Buy Give Children (BBGC)

Hope to be able to also buy for Grand Children next time

No guts to buy to flip

This post has been edited by cfa28: Dec 11 2014, 10:05 AM

Give lah name of project in Bangi & Shah Alam.

Southville and ???

Good choice to diversify risk based on Locations.

You buy for own stay or investment

When SP Setia did Pusat Bandar Puchong, they were not a Top Tier Developer.

Now that they reached the Top Tier Status they have to maintain a higher status / standard

But if u ask me, personally, PNB is driving the company down to the grave with their type of clueless leadership.

what do u mean by not ready, ie no lights, etc

I was told my my friend working in Europe

This was in Italy, his colleague from the UK saw a house and liked it and proceeded to buy

I don't know the legal details but when it was time for him to take the keys, he found that all the lights, bathroom and toilet fitings and basically anything not physically inside the walls / floors was removed by the previous owner.

There was no

a) lights
b) Sinks
c) Toilet bowls

So, this guy calls the previous owner and threatens to sue but he was told that his is the norm in Italy.

The house is delivered the same way the owner gets it from the Developer, bare and empty.

So he calls up his colleague from his Legal dept and they said, yep, its the norm and your Legal Papers should also say so.

Poor guy has no money to move in and had to beg his landlord to extend the lease temporary until he had enough funds to fit up the house.

But I admit, unless you are buying a branded residence like 8 Conlay, etc, 99% of the fittings will be made in PRC

Bro, please do share some of the standards in UK / Australia compared to MY

Any idea on the progress of construction of the show units for Phase 2?

this is per mth right?

About RM800 per mth

I only received 2 progress billings - 10% + 15%

Mine is actually TH 1/3

Looks like VP will be this year, I was hoping to be in CNY next year

Sure they will launch at of this year?

Phase 2 Landed also quite slow

Condo at this time, may not be good idea. But Residence by MRCB at Kajang 2 gonna launch soon already.

Banners all over Kajang

Leaches

But wonder how they got the Land

Thought MKH sapu all the K2 Land

I went inside for their preview

It looks much better than the Branch where Prince Charles went to study which is located where there are many industrial factories

If you go to the Branch of the place where Prince Charles and most of the British elite studied, it looks like a Shop Lot only.

At least Rafflesia has a decent building, etc