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New developments to share

Hmm… Non G&G at 22x70 commanding appx 600k.
Looks like 600k is the Floor for Landed in JB areas.
Popular ones should be 700k upwards?
 
UEM Sunrise launches Melia Residence Phase III
Mangalesri Chandrasekaran • May 25, 2016

Property developer UEM Sunrise Bhd rolled out the third phase of Melia Residence in Nusajaya, Johor last week after recording stellar sales for Phase I and II within just a short span of time.

According to the company’s Chief Operating Officer (commercial) Raymond Cheah, all the units in the landed project’s first two phases were snapped up within two days of launch, instead of three to six months based on initial projections.

“The speed of sales of Melia Residences was phenomenal and to date, we have achieved a total approximately RM206 million in sales, exceeding the target of RM196 million for this year.”

“In order to satisfy homebuyers’ demand, we have open up Phase Three, with limited units currently on sale starting from RM872,888,” he told reporters.

The latest phase consists of 160 terrace houses with built-up areas of between 2,006 and 2,349 sq ft. So far, 51 percent of the units have been reserved or bought, noted Cheah.

With an overall gross development value (GDV) of RM573 million, the 29.80ha Melia Residences is a freehold lakeside project within a gated-and-guarded community. The five-phase development is expected to be fully completed by 2020, with its final two phases to be unveiled in 2017.

Meanwhile, Cheah revealed that UEM Sunrise plans to retain its sales target of RM1.5 billion for 2016 despite seeing healthy sales for its developments in Malaysia and Singapore.

He also refuted claims that Johor is suffering from a housing glut, as there is still strong demand for landed homes there.

“Buyers are learned, they do not want to buy if the same concepts are offered repeatedly. So if the location, price, and product are strategic, then there will be no hiccups in capturing the buyers,” he explained.

Furthermore, the developer is helping buyers apply for housing loans from banks and other financial institutions, such as AIA and the Malaysia Building Society Bhd.

“We have noticed a large number of young buyers, whose parents are stepping in to top up and help their children secure a roof over their heads,” added Cheah.

Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email [email protected]

http://www.propertyguru.com.my/prop...em-sunrise-launches-melia-residence-phase-iii
 
Some pent up demand due to the lull in 2014 and 2015, developers have started to launch more terraces and prices are creeping up :)
 
‘Gem of Johor Baru City’ set to make the place vibrant
BY ZAZALI MUSA

Monday, 27 June 2016

JOHOR BARU: The on-going multi-billion ringgit project to rehabilitate and rejuvanate Sungai Segget into the new 1.2km waterway in Johor Baru city centre is progressing as scheduled, according to Iskandar Malaysia Regional Development Authority chief executive officer Datuk Ismail Ibrahim.

Dubbed as the “Gem of Johor Baru City”, it is also a new tourist attraction which is poised to transform the city into a vibrant place within the next five to seven years.

The opening up and cleaning of Sungai Segget was an ambitious plan to transform the city centre, Ismail said adding that the “RM270mil is part of the RM1.8bil allocation by the Federal Government to be utilised for the rehabilitation and rejuvenation work of the river including its beautification.”

Works on the river will start either in the third or fourth-quarter of the year including landscaping its surrounding.

Ismail said Johor Baru denizens could look forward to a “new Sungai Segget” which would be transformed and fully-functional by the end of 2017.

He said phase one of the work involved the construction of centralise sewerage treatment plan to enhance water quality through reducing pollutant loads to Straits of Tebrau.

“It is vital to transform the Johor Baru city centre in tandem with its position as one of the five flagship development zones in Iskandar Malaysia,” added Ismail.

http://www.thestar.com.my/business/...ohor-baru-city-set-to-make-the-place-vibrant/
 
hi all... i have been reading a few threads and also looked at old ones..

is there somewhere where you can find the latest information with regards to the loan for purchase of property in Malaysia?
 
With Professional Lifestyles in mind. The Luxe KL is a freehold development, offering the ideal living experience. With 723 residential units and 31 commercial units spread across three levels of retail shops, discover everything you wish for at The Luxe by Infinitum. The Luxe KL is situated right in the middle of town, directly behind Quill City Mall and fronting Jalan Dewan Sultant Sulaiman. This close proximity to the Quill City mall means access to plenty of shopping, F&B as well as entertainment for its residents. In terms of transportation, The Colony is perfectly placed which within walking distance to Medan Tuanku Monorail Station and Dang Wangi LRT Station.

Attractive Discounts / Rebates Available only for Limited Period of time only. Own a unit from just S$15K downpayment *assuming 80% loan.

More information at https://investintproperty.com/properties/theluxe-kl/
 
Legolad said:
Just to share: Bloomberg Jan 27, 2017:

China homebuyers suddenly short of cash.

https://www.bloomberg.com/news/arti...real-estate-buyers-are-suddenly-short-on-cash
Click to expand...


In reality, it is not the Chinese home buyers suddenly short of cash.
It was due to the sudden tightening of the Capital Control in China that made taking out money to finance the purchases difficult if not impossible.
Since the tightening of the Capital Control, China Foreign Reserves had :

* World’s largest foreign-currency stockpile hits $3.14 trillion.
* December’s gain marks the 11th straight monthly increase

So, it just shows that the exercise is indeed effective and the results shows which also means that the Chinese will continue with the tightening of Capital Control for some time to come, perhaps until it touches the S4 trillion mark.
Which also means there will not be much Chinese investing overseas in property for some time to come too.

https://www.bloomberg.com/news/arti...real-estate-buyers-are-suddenly-short-on-cash[/QUOTE]​
 
snowbird said:
In reality, it is not the Chinese home buyers suddenly short of cash.
It was due to the sudden tightening of the Capital Control in China that made taking out money to finance the purchases difficult if not impossible.
Since the tightening of the Capital Control, China Foreign Reserves had :

* World’s largest foreign-currency stockpile hits $3.14 trillion.
* December’s gain marks the 11th straight monthly increase

So, it just shows that the exercise is indeed effective and the results shows which also means that the Chinese will continue with the tightening of Capital Control for some time to come, perhaps until it touches the S4 trillion mark.
Which also means there will not be much Chinese investing overseas in property for some time to come too.

https://www.bloomberg.com/news/arti...real-estate-buyers-are-suddenly-short-on-cash​
Click to expand...
yup, lucked out on brand new property in sunnyvale last year. a typical 3 bedroom 3 bath home was asking us$1.6m in sunnyvale last year. now it is us$2m at least. hordes of tiongs with their agents were lining up at the sales office ready to pay full amount in cash. that was the only new development that listed sell price and would accept pre-qualified buyers on first cum first serve basis on the shortlist. no bidding like other developments and older pre-owned homes on sale. sometime in middle of 2017, prospective tiong buyers in line started to fall out one by one, and the shortlist became shorter. when developer asked for proof of cash deposits in u.s. banks, they could not produce as there was a clampdown in china. they used to smuggle out cash in small batches of us$50k through underground channels, but that was not fast enough for a pile of us$1.6m cash all of a sudden. typically for that to work, it required 6.9 months of small-batch smuggling to reach us$1m. moreover, underground channels were sniffed out and it became harder for tiongs to cheat. so, while waiting in the longlist at 69th place, suddenly became number 11. 6.9 new homes in the new batch became available for sale, and 4 tiongs in front dropped out as they could not produce proof of millions in cash in u.s. bank at the last 6.9th minute. snapped up one of the 6.9 homes with us$696,969 down. very rare in sillycon valley for that to happen now. it's like a lottery jackpot.
 
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