Just curious, why korean will make it high end??

Most of the Korean family,  either is an entrepreneur or high position in MNC, they are high income family which have high spending power, and looking for good international school for their kids. Only 7 international school in Malaysia are offering American  Curriculum, 3 in Klang Valley area, Oasis is the one, another one in mont kiara, one more in KL.

Previously i have a Japanese customer stay in Mont Kiara, driving one hour to working place in port klang daily, just because the mont kiara have good living environment and the good international school. He also playing golf weekly in Rawang, just because most of their japanese group play in Rawang.

Oic, but i also saw auction property from koream owner

Oic, but i also saw auction property from koream owner

and you're nitpicking the case without any evidence?

Google is ur best friend for that...

If seller plan to sell after 29 years(lease period left = 70 years), what the sellers can do in order to help the buyers to secure higher financing eg 90% loan is to top up the lease back 99 years prior to putting the house on the market.

The current premium rate of leasehold renewal in Selangor is based on the following formula:

0.25 x 0.01 x value of the land (in square feet) x (lease period – years remaining on the lease) x land area (in square feet)

In this case, the premium for renewal is 99 years -70 years left = 29 years  ( seller dont have to pay the full 99 years premium; seller only need to pay 29 years premium only to top it up back to 99 years)

Example for a double storey terrace house:
If land area = 22ft X 75ft = 1650sqft,
If value of land = $100psf
Premium for lease renewal for 29 years = .25 X 0.01 X $100psf X 29 years X 1650sqft  = $11,962
If value of land = $150psf, premium = $17,944
If value of land = $200psf, premium = $23,925

If sellers buy the house at today price of $750k , after 29 years, the conservatively assumed market value is $1.2 million. Capital appreciation is approx $450k
The premium for lease renewal can be small if we compared to the overall capital appreciation.
Another example, DSL leasehold house at Kota Damansara 15 years ago purchase price $250k ; Today average value $700k - $800k ; Average capital appreciation $500k - $600k . With these type of capital appreciation,  I am sure most owners can afford to top up the lease back to 99 years by paying the 15 years premium if they really want to sell their home with a topped up 99 years lease period.
Sometimes, and most of the time, the seller can decide not to renew the lease before he sells.
This can be advantageous for the new buyer since the new buyer can take advantage of the $1k lease renewal premium if the new buyer plan to stay in the house for long term.

Have you been to eco sanctuary?

so what related auction property?

if minority korean owner auction property means korean not a high end lifestyle environment, then what happen to Desa parkcity and some luxury bungalow, also have auction property in the pass record, is it means desa parkcity not a high end residence area?

believe it or not, is up to you, just like long time ago, my friend father thinking want to buy cheras or bangsar, that time the property price was in the similar range, most of his friend suggested him to buy cheras, because cheras is chinese area, bangsar that time in not that well developed, in the end, my friend father chose bangsar, and he did a right move, now bangsar price is higher than cheras, and bangsar become more high end.

Someone here thinking Elmina is better choice than Canal city, if they really want a FH, i suggest to go for setia alam, but not Elmina.

I think need to get understanding right, im just saying got korean doesnt make that area luxury, as they aren't main contributing population.. And I pointed that korean might have auction too, so dun get confused with korean = poor... Any foreigner that can buy house in Msia now are not poor, bcos of the 1mill minimum floor..

Why setia but not elmina?? Grandeur also near setia? but LH still

Based on your theory, got Korean auction property dont means korean can make a residence area luxury, how about the auction property in Desa Parkcity? Is it Desa parkcity not luxury?

to heat up more. new parcel will be revealed this Friday, 2pm onwards, at ESC mall.
price ? interesting.......
show room ? yes....

Simplicity and Minimalist wor...

https://www.facebook.com/EcoSanctuaryByEcoW...25125647909113/

its 24x60... knowing Eco's design, there would be quite some unusable space such as balcony etc...

So its fairly small.. minimalist/simplicity might be by necessity instead of by choice..

their showrooms are going for MUJI concept.

was wondering when this concept will hit the showroom.....

as usual, EW leads the way....

Yes. It looks like a Muji inspired home to me too.
https://www.renonation.sg/60-must-see-muji-...nterior-photos/