Waiting dust to settle?
Good, waiting people to go for desperate selling... hahaha
Nowadays many competition la, i guess. Maybe im wrong

Read through some of the financial analysis.
We going to have a crisis soon. Now only midway.
Informed by a banker friend interest rate will go up by stages and it starts now.

Looking at Prime location, eg. PJ.
I still didn't notice many auction sale / urgent sale

Only could find it in KLCC and Mont Kiara area for now...


Kravo, which location u are looking at?

The best part is, it make it in thestar paper....
i wonder what the editor doing.

Site line a little....

Since China & HK has set so many restriction on property investment, do you think mainland chinese will invest in Singapore and Malaysia?

or it is happening now?

Can i say:
To oversea investor, our property is dirt cheap.
To local, our property is sky high expensive.

Foreign buyers making their way to our shores

INVESTORS in overheated markets may be arriving.

Those in Singapore and in China – which have introduced fresh rounds of property cooling measures such as limitations on loans and options for affordable properties – are eyeing good buys in other parts of Asia and the United Kingdom, industry specialists observed.

Hong Kong-based property investment firm IP Global Ltd – which has US$800 million (RM2.48 billion) of assets under management – said Malaysia might offer “the best option” for buyers thanks to its steady market, better yields, sensible tax system and easy access to loans.

The firm disclosed it has achieved double-digit returns on capital for its properties here.

Currently, it has about 500 properties in Kuala Lumpur enjoying 96 per cent occupancy and is poised to increase its investments in residential and commercial space in the next three months.

“There’s still medium-term capital growth without the scariness of a boom-bust mentality because the country regulates its property sales quite carefully,” said managing director Tim Murphy, envisaging the market’s robust performance in the second half of 2010 to continue through 2012.

Strong foreign investments and dynamic urbanisation will drive the Malaysian market while its growing number of the “aspirational young” – the under-35 who dream of buying their own home – will support rental rates, Murphy elaborated.

However, he thinks Malaysia is unlikely to rival Singapore, Hong Kong and China’s main cities in the long term although it will be a credible alternative and a notch higher than the Philippines and Thailand.

“Buyers can expect a yield of between five and 6.5 per cent for residential properties and a range of seven to 10 per cent for commercial,” he noted, recommending investment in apartments near transport facilities and schools instead of houses in areas such as KL, Bukit Ceylon and Mont’ Kiara.

Earlier in June, online property research house Global Property Guide singled out Malaysia as its preferred property investment destination in Asia, citing real estate is overvalued in most countries in the region except ours.

Malaysia’s other plus points, it noted, include macroeconomic stability, consistently strong gross domestic product growth, low debt, sound banking system, and international reserves at a healthy nine months of retained imports.

Source : New Straits Times Property
Date Published : 04 October 2010

Can't compare Ang Moh and Orian.

Chinese usually has high saving...

"It said bank loans should be lowered to between 70 and 80 per cent value ratio for third mortgage, it said."

Bank Negara never mention about joined name

if joined name consider 1/2 mortgage?


my thought:
Similar to our long distance Bus services
Wanted to impliment black box... but what happen then???

This post has been edited by cody99: Oct 14 2010, 12:31 PM

Plans for national REIT body and withholding tax removal likely
PETALING JAYA: The Malaysian real estate investment trust (REIT) sector is likely to get a boost soon, with firmer plans for a national REIT company and a reduction or removal of the withholding tax for REIT investors, sources said.

The national REIT will likely include a number of assets belonging to the Government and government-linked companies (GLCs).

“There is a huge potential for “REITing” these government properties in a similar way Singapore did,” said a source.

In the 10th Malaysia Plan (10MP), there was a proposal for Pelaburan Hartanah Bhd to set up REITs to facilitate bumiputra investment in commercial and industrial properties and benefit from property appreciation.

It is likely that Pelaburan Hartanah would be used to set up the national REIT, drawing from the experience of Singapore.

There the government had made available a vast array of properties to be put into REITs such as those run by CapitaLand.

“The Singapore government wanted to turn Singapore into a REITs hub and has achieved much success with attracting capital to its market,” explained a REIT expert.

The expert added that in Malaysia, there were a vast array of properties still being held primarily by GLCs which could be put into a REIT.

There are 14 listed REITs on Bursa Malaysia with a total market capitalisation of slightly over RM10bil. In comparison, Singapore’s REITs’ market capitalisation is more than RM60bil while Japan’s stands at around RM100bil.

In another effort to boost the REIT sector and to move it on par with markets like Singapore, the Government is likely to reduce or remove entirely the withholding tax for REIT investors. This is something that REIT players had been lobbying the Goverment for the last few years to no avail.

“The aim is to bring it in line with markets like Singapore and Hong Kong where individuals and institutional investors do not pay withholding tax on REIT investments,” said a party familiar with the situation. Both local and foreign retail and institutional investors in Malaysia now have to pay a 10% withholding tax, which had already been reduced from the 25% tax rate previously. The withholding tax rate in Malaysia has not been adjusted since 2008.

ECM Libra head of research Bernard Ching said a reduction of withholding tax for REIT investors would be a major boost for the sector “as the effective dividend yield to shareholders would rise, which would translate into higher capital values for the REITs.”

Analysts have said that REITs in Malaysia had traded at a discount to those in Singapore and Japan in terms of yields and their price to net asset values.

The analysts have said that while factors such as asset and liquidity played an important role in determining valuations, the tax regime and REIT guidelines imposed by governments and authorities in individual countries also affected the attractiveness of all REITs.

Another analyst, however, said the Government may be hard-pressed to reduce the withholding tax, considering that it just postponed the implementation of the planned goods and services tax.

But it is understood that the REIT withholding tax waiver would not seriously dent the Government’s coffers in terms of the total amount of lost tax revenues from this sector. Furthermore, the last tax waiver proposal is believed to be only for a three-year period.

It is understood that these proposals may appear in the soon-to-be- announced Budget 2011.

By The Star

I still believed in terms of property. Malaysian still can hold on to it as Asian tend to have more savings for the raining days.

KLCC is icon of Malaysia... that say it all

Possible.
eg. your house is renovated, facing playground, and maybe other value add.

@cranx. U mean Catch 22? instead of issue 22?

Monitor on New launching will be more interesting now.
Let's see they maintain thier price or still sell sky high price

Cost of construction going up!
Price will follow suit right?

What is the ratio of Demand vs Supply?

Is there any study on this?

Wednesday, November 24, 2010
M'sian city apartment price 2nd lowest in region
KUALA LUMPUR: The average price of city apartments in Malaysia is the second lowest compared with other countries in the region.

In a statement here yesterday, Global Property Guide (GPG) said according to its research, only Indonesia offered city apartments that were priced lower than those in Malaysia.

In comparison, the average price of city apartments in Singapore is almost eight times more than in Malaysia, beating even Australian prices, which are almost five times higher than Malaysian city apartments.

Other countries surveyed included the Philippines, Cambodia and Thailand, where high-rise residential properties in the city cost more than Malaysia, it said.