Saturday, October 9, 2010

MRT Will Boost Property Prices


MRT will boost property prices

By SHARIDAN M. ALI
sharidan@thestar.com.my


PETALING JAYA: The proposed mass rapid transit (MRT) system is expected to be one of the main contributing factors to boost property prices adjacent to the MRT stations.

CB Richard Ellis (M) Sdn Bhd executive director Paul Khong said the MRT stations generally had a positive impact on nearby property values in most cases.

“Being next to the station works well for lower and middle-end residential neighbourhoods and all commercial offices or retail malls. This basically translates to better public transportation and enhanced accessibility to the relevant vicinities,” he told StarBiz.

“The MRT will benefit the lower to middle-end users the most and it makes travelling faster, cheaper and much easier.”

On the expected quantum capital appreciation due to the MRT stations, Khong said it could be 10% to 15%.

“More importantly, the MRT station must be less than a 1O-minute walk from the properties. Ultimately, being next door and within five minutes away will be a premium.

“Anything more will give less impact in terms of capital values,” he said. “Being next to a MRT station could be the main selling point for a new project, be it a commercial or a residential one. A good example will be Menara UOA in Bangsar.”

But, Khong said, the property prices could be affected if it was alongside the MRT tracks and not the station. “The crucial point is to be close or next to the station if possible,” he said.

The RM36bil MRT system proposal by Gamuda Bhd and MMC Corp Bhd will have up to three main lines. The first line will run through Sungai Buloh, Kota Damansara, Kuala Lumpur and Cheras (right up to Kajang).

The second line will connect Sungai Buloh, Kepong, Kuala Lumpur and Serdang, while the third line will loop around Kuala Lumpur’s business district – providing a link between the monorail and light rail transit (LRT) services.

The Gamuda-MMC proposal is currently undergoing technical study by a consultant and should be completed by mid-month to be presented to the Government.

At this point in time, there is no information on the exact locations of the proposed MRT stations.

According to property consultancy Khong & Jaafar Sdn Bhd managing director Elvin Fernandez, most of the areas around the LRT stations have been developed and it is axiomatic that accessibility would improve property values.

“But the impact wouldn’t be immediate as the MRT will take time to complete and the effect will be evident only from details of the exact positions of the rails and stations filtering into the market in time to come,” he said.

Based on preliminary details of the MRT, Fernandez said the Sungai Buloh area (the Guthrie Corridor townships) and the proposed Rubber Research Institute Malaysia developments could be among the first beneficiaries because both lines were expected to start from there.

“Kajang and Seri Kembangan are the next areas to flourish as they are on the other end of the line. Additionally, the Cheras corridor also has good prospects,” he said.

Nevertheless, Fernandez said, some developments might be negatively affected, especially residential developments, due to the noise or congestion if they were close to the rail lines or stations.

“But generally, the MRT should bring positive effects to the nearby areas,” he said.

According to a market source, another area that would have potential based on the proposed MRT system was the Kota Damansara corridor.

“The Kota Damansara corridor includes Kota Damansara, Mutiara Damansara, Damansara Perdana and The Curve. Business and financial districts along Jalan Raja Chulan, Jalan Bukit Bintang and Suria KLCC also have good prospects,” said the source.

source http://biz.thestar.com.my/news/story.asp?file=/2010/10/7/business/7164265&sec=business

9 Bukit Utama--Launching Tomorrow 10.10.2010





BU Development Sdn Bhd is launching 9 Bukit Utama development on the 10th October. There area four types available A1 (2286 sq ft), A2 (2328 sq ft), Premier Twins (4719 sq ft) and Penthouse (7547 sq ft).

For more info visit www.bukit-utama.com.my/

Saturday, July 31, 2010

Symphony Hill Cyberjaya




Symphony Hills epitomises luxurious urban living within a contemporary resort and recreational ambience. Stately homes of exquisite beauty are set along picturesque culs-de-sac, in lovely clusters with gardens and flow seamlessly into dramatic landscapes of lush greenery. A spectacular floating resort clubhouse at the heart of this sanctuary offers an array of recreational pursuits. A state-of-the-art fibre optic infrastructure equips residences with Smart Home conveniences. A sophisticated security infrastructure protects the community at development, precinct and residence levels. To preserve a green environment, rain water and solar power are harnessed within the development; and whatever your needs, excellent urban amenities are close at hand.

Nature
Rejuvenate in nature’s embrace within verdant greenery that’s nearly four times more than other residential areas and covers an average 35% of each precinct. Cruise home along a majestic tree-lined boulevard. Precincts are distinguished by landscaped gardens of unique inspirations such as ‘denai’ and ‘tempua’ that feature sweeping vistas of tropical trees. Landscaped junctions, roundabouts and green spaces complement the surroundings. Pristine community gardens sparkle with soothing fountains and cascading waters. The lush foliage all around was specially selected to delight your senses.

Architecture
Premier designs and finishings of the finest quality to create luxurious living spaces that appeal to discerning residents and international tastes. Expansive, column-free living spaces are complemented by high ceilings, large windows and doorways, airy courtyards a spacious lanai that opens to nature add to the grandeur; and invite sunshine and fresh air. Tranquil living and family spaces connect to serene parklinks and gardens; whilst high-activity areas - the car parking bay, kitchen, yard and utility room - are relegated to the back.

Security
Symphony Hills adopts Crime Prevention through Environmental Design (CPTED) principles where the planning and design of state-of-the-art security features are infused into building designs, landscaping and traffic control. Such innovation extends to residences which are equipped with smart home features, where for instance, lighting, air-conditioning, blinds and curtains are automated via remote. A 3-tier security infrastructure at development, precinct and residence levels includes visitor verification at development entrance, direct connection to the Precinct Command Centre if home perimeters are traversed as well as a home CCTV, Intercom and security alarm that can be controlled via remote. As such, residents enjoy a sense of comfort and total security

Clubhouse
The spectacular floating clubhouse exudes an exclusive resort ambience as it sprawls horizontally along a waterway into breathtaking floating pavilions - each pavilion a unique recreational space - connected by a serpentine walkway. Luxuriate in the infinity pool... soothe your senses at the koi pond or sensory gardens… or seek inspiration on a floating gazebo to the sounds of cascading waters. For a change of pace, splash around with your kids at the wet playground or enjoy a workout in the gym. Should you need to run errands, concierge services are available. A roof garden cools the premises and rain water from the roofs maintains the lush foliage at common green areas

Connected Intelligent Community
Imagine life, within a community conceived with convenience, comfort and security in mind. Homes furnished with an extensive suite of integrated utilities and the latest in lifestyle services for a concept of living that’s the first in its class. And all within a suburban haven that’s connected by a seamless fusion of cutting-edge technology from the leading names of the industry. Imagine no more. The standard of living for the future is here, at the 1st Connected Intelligent Community in Malaysia.

Price From RM382,888 onwards

http://www.symphonyhills.com.my/index2.html

Friday, July 30, 2010

The Idaman Residence Loft Series








  • Completed with CF
  • FREEHOLD residential
  • Duplex Loft units with roof garden from 2,504 to
    5,802 sq ft
  • Located at KLCC in the heart of Kuala Lumpur’s Golden Triangle
  • A stone’s throw away from high-end shopping centres, fine dining, restaurants cafes,entertainment centres, and the Malaysian Philharmonic Orchestra
  • 24-hour security and surveillance
  • Condominium facilities – gym, swimming pool, multi-purpose hall, laundry, sundry shop, children’s playground, and childcare centre
Floor Plan

Priced from RM2,365,000 onwards

http://www.taglobal.com.my/propertydev_idaman_residence.htm



























Friday, June 11, 2010

ALAM DUTA @ Precint 15



Alam Duta is strategically located at the north-east side of Precinct 15, which lies between the Diplomatic Precinct and the Government Precinct in Putrajaya. This development promises to be the Precinct’s premier high-rise, soaring 19 storeys, and within easy reach of major destinations such as Putrajaya International School, Alamanda Shopping Mall, Diplomatic and Government Precincts.

Alam Duta is a freehold development offers units in sizes of 1,076 sq ft and comes with leisure facilities such as multi-purpose hall, swimming pool, gymnasium, multi-level car park, basket ball & badminton courts, children’s playground, reflexology garden, surau, BBQ area etc. Each bright and airy apartment benefits from the corner-lot advantage, giving residents uninterrupted park views across Putrajaya, as well as bestowing privacy unheard of in most high-rise developments.

The peace and quiet of Alam Duta is not compromised by its superb transport connections. The development is a short drive from major road networks and is located close to public transport options such as taxis and buses.

Set amidst a lush abundance of greenery, garden parks and open spaces, Alam Duta is perfect for enjoying life with family and friends – while benefiting from proximity to Malaysia’s federal heartland.

• FREEHOLD
• Built-up 1,076 sq ft
• 6 blocks: 17, 18 & 19 storeys
• All corner units
• 3 lifts per block
• Leisure facilities

Price from :RM 300,000 and above

http://www.spsetia.com.my/spj_15/pfs_spec.htm


Thursday, May 27, 2010

Bandar Kinrara-Emerald


Another hot selling development by I&P.



Launch Date: 29th May 2010
2 Storey Terrace;(22 X 75)
Built-up area;(2,433 - 3,668)sq ft
Price from RM 680,888

I&P

Tuesday, May 25, 2010

Laman Baiduri, Subang Jaya



A sequeal to the successful Lakeside Boulevard Condomunium. Laman Baiduri presents the next level of opulence.

The innovative linear floor plate allows all units to face the lake. Giving you full views of the pictureque lake. The distinctive architecture also opens up more ground space for beautiful landscaping - capturing and enhancing the serene ambience.

Laman baiduri offers a selecion of three fin-living options- suites, villas and penthouses. All offeringsare lavished with spaciousness, enhanced with well-appointed fiitings and completed with expert finishing.

Price from RM392,000

Laman Baiduri

Monday, May 24, 2010

Denai Alam, Fern Lane






Concept

Inspiration is the very element that every creative piece of work arises from.
It's no different with architects and the homes they design. Fern Lane is one such home, and one of the ideas that inspired its design comes from a traditional Malay kampong house.

The simplicity and ingenuity of the design resulted in a breezy home, one that offered ample ventilation. And yet, a sense of modern contemporary still reigns, reflected in such features as a turfed-roof and a rainwater harvesting system-making Fern Lane a desirable property to invest in.


Features:
• Ample natural light to flow indoor
Let the wind in, let the light be bright. Nothing is more welcome than nature's cheerful lighting and refreshing breezes that enter the home through the voluminous windows.
• Raised platform with water feature
Raised 2 feet off the ground, this thoughtfully designed platform separates the living areas from the car porch, adding a sense of privacy.
• Turfed roof
Step out from your upstairs master bedroom and luxuriate in a carpet of soft grass on the unique car-porch rooftop.
• Rainwater harvesting system
Nature's precious resource is never wasted, with a rainwater harvesting system that collects it for use in gardening, and more.

Price from RM554,000


http://property.simedarby.com/Fern_Lane.aspx

5% Cap For Real Property Gains Tax

Monday October 26, 2009

http://biz.thestar.com.my

The rate is irrespective of holding period and category of owner

PETALING JAYA: The Government will issue an order to cap the real property gains tax (RPGT) at 5%.

Second Finance Minister Datuk Seri Ahmad Husni Hanazdlah reiterated the RPGT of 5% was imposed on gains from the disposal of real property irrespective of the holding period and category of owner.

“In the Budget 2010 presentation, the Government proposed that real property gains tax at a fixed rate of 5% be imposed on the gains from the disposal of real property effective Jan 1, 2010,” Husni said in a statement yesterday.

“The rate imposed is irrespective of the holding period and the category of the owner,” he added.

The 5% rate will be implemented through the Real Property Gains Tax (Exemption) Order 2009.

“This order will be gazetted as soon as possible and is effective Jan 1, 2010.

“Therefore, the current rate of RPGT, which is higher than 5% as in Schedule 5 of the Real Property Gains Tax 1976, will no longer be applicable,” he said.

However, exemptions to individuals are given as follows:

● The level of exemption is increased from RM5,000 to RM10,000 or 10% of the chargeable gains, whichever is the higher;

● Gifts between parent and child, husband and wife, grandparent and grandchild; and

● Disposal of a residential property once in a lifetime.

There was some confusion when after the budget announcement last Friday, Deloitte Malaysia country tax leader Ronnie Lim said in a statement that the highest rate for RPGT was 30%.

Based on the Finance Bill, Lim said, disposal within two years of acquisition will be taxed 30%; in the third year, it will be 20%; in the fourth year 15%, while disposal within five years and beyond, will still be subject to 5% tax.

“Through our press release of Oct 23 in connection with Budget 2010, we reported on the proposed changes to the Real Property Gains Tax (RPGT) Act 1976 as a result of the Finance Bill.

“The Finance Bill retained all the holding period sensitive rates of RPGT in force prior to the suspension of that tax (in April 2007) but, in respect of individuals, introduced a 5% tax rate in place of a nil rate for disposals which take place after the fifth year from acquisition date.

“Apart from this rate change, the existing rates of RPGT in effect prior to the suspension of that tax were not altered by the Finance Bill,'' Lim explained in a statement yesterday.

“The Ministry of Finance has issued a press release on the matter and explained that a 5% rate of RPGT, irrespective of holding period and category of tax payer, individuals or companies, will be introduced through a ministerial exemption order.

“When the ministerial exemption order is issued and gazetted, the rates of tax in the RPGT Act will be modified by the rates in the order.

“Generally, such orders are temporary in nature and specify a commencement and cessation date. These orders may also be renewed or revoked.

“As long as the order is in force, the rates of RPGT in the Act, which begin at 30%, will be over-ridden by the rates to be specified in the order,'' Lim said, adding that a flurry of property transactions was expected before the end of the year.