Property Launches Major News
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ECONOMIC OVERVIEW Property launches Apartments / Condos / Townhouses Key statistics Latest release Previous rate Two storey terraced houses Quarterly GDP growth 8.9% (2Q2010) 10.1% (1Q2010) Three storey terraced houses Two storey semi-d houses Annual GDP growth -1.7% (2009) 4.6% (2008) Two & half storey semi-d houses Consumer Price Index (CPI) 2.1% (Aug-10) 1.9% (July-10) Three storey semi-d houses Industrial Production Index (IPI) 107.4 (Aug-10) 108.6 (July-10) Two storey detached houses Three storey detached houses Base Lending Rate (BLR) 6.30% (Sept-10) 6.30% (Aug-10) Exchange rate: RM to US dollar RM3.1075 (19/10) RM3.0940 (18/10) Major News Source: Department of Statistics Malaysia & Bank Negara Malaysia Redeveloping Kg Kerinchi Malaysian Gross Domestic Product (GDP) expanded by 8.9% during 2Q2010, Upbeat Crescendo lines up industrial… lower than 10.1% recorded in 1Q2010. In second quarter 2010, although most Empire mall sets RM350m revenue goal economic sectors recorded positive growth, the growth rates were generally New diplomatic precinct launched in… lower compared to the first quarter. Manufacturing sector continued to record double digit growth of 15.9% during the second quarter 2010 after recording Talam gearing for property launches 16.9% growth in the first quarter 2010. PJ Sentral will revitalise city Penang set to see RM2b projects The services sector expanded by 7.3% compared with 8.5% growth in first UEM Land to launch Symphony Hill… quarter while the growth rate for construction sector reduced to 4.1% compared MRCB to raise RM400m for KL Sentral.. to the 8.5% recorded during the precedent quarter. Agriculture sector and mining 5 projects to boost economy & quarrying sector grew at lower pace of 2.4% and 1.9% in second quarter 2010 Kha Seng does its part to transform… compared with 6.8% and 5.2%, respectively. IJM's The Light to contain world-class… Prime Minister Datuk Seri Najib Razak has tabled Budget 2011 with the G.I.M makes its presence felt in Penang theme Transformation Towards a Developed and High-Income Nation with a Vastana25 final phase expected to be… proposed allocation of RM212 billion – 2.8% higher that the amount for 2010 – New landmark for Taman Desa Jaya to accelerate the transformation process by ensuring the successful BLand to launch projects worth RM… implementation of projects and programmes under the 10MP, National Key Zelan, partner to build terminal Result Area (NKRA) and National Key Economic Area (NKEA). International tender for integrated… YTL Land: Centrio to be 50pc occupied… The budget will focus on four key strategies:- Sibu to get boost from Sunhill project First : Reinvigorating Private Investment; An upscale commercial hub for Bukit… Gamuda moves into the city Second : Intensifying Human Capital Development Third : Enhancing Quality of Life of the Rakyat; and Bluwater Estate offers resort-themed… Fourth : Strenghtening Public Service Delivery. Surian Residences in Mutiara Damansara… Bolton establishes itself in Penang Of the allocation, RM162.8 billion is for operating expenditure and RM49.2 UiTM gets 12 new campuses billion for development expenditure. UEM-Bina Puri JV wins RM997mil… SunCity eyes foreign investors The government has also revised growth to 7% from the previous forecast of 6% for 2010. Next year, growth will be supported by private investments, expanding Penang gears up for more property…. 10.2%, private consumption 6.3% and exports 6.7%, with the manufacturing sector continuing to lead growth, growing by 6.7% and services 5.3% in 2011. Others JS Valuers Research & Consultancy Sdn Bhd 1 of 42 pages Key high-impact strategic developments proposed in Budget 2011 are as follow: Mega Deals Ibraco to acquire land in Kuching The 1Malaysia Development Berhad (1MDB) in collaboration with Mubadala Development Company, an investment arm of the Government of Abu Dhabi, Milux to sell land for RM11mil agreed to develop the Kuala Lumpur International Financial District (KLFID) Hubline buys land valued at RM26 billion, commencing in 2011. Gula Perak sells land in S'gor, KL K-Star changes plan, to buy land in China The Mass Rapid Transit (MRT) in Greater KL (Klang Valley) will be KYM to purchase land for RM3m implemented beginning 2011. This project, with an estimated private investment CAM buys land, fixtures for RM11m of RM40 billion, is expected to be completed by 2020. Upon completion, the Masterskill buys properties utilization rate of public transport is expected to increase to at least 40%. Mah Sing acquires prime land in Klang… Another major project is the development of the Malaysian Rubber Board land in Selangor Dredging sub-unit wins bid… Sungai Buloh covering an area 2,680 acre. The Employees Provident Fund (EPF) KYM to buy Kinta land for RM12mil will undertake mixed development comprising affordable houses as well as Sanbumi sells parcels of land to Mydin commercial, industrial and infrastructure facilities. The entire development is Masterskill to buy land estimated at RM10 billion and is expected to be completed by 2025. BJD completes sale of 4.4ha of land in PJ Suchirin buys Thai land Another landmark to be developed by Permodalan Nasional Berhad is Warisan Merdeka, expected to be completed by 2020. This is an integrated development Axis-REIT eyes Tesco JB comprising a 100-storey tower, the tallest in Malaysia. The project will retain Minho in contra deal Stadium Merdeka and Stadium Negara as national heritage buildings. The total Kwong Hing buys Menara Pan Global project cost is RM5 billion, with the tower expected to be completed by 2015. MCIS-Zurich asset sale Hartanah Selangor buys PJ land Amongst the measures proposed to encourage house ownership are as follows: Bolton to buy land for RM72m Menara Taipan Star in Golden Triangle… • A sum of RM568 million is provided to build 300 units under Projek Ivory to buy land in Penang for RM25m Bantuan Perumahan Bandar, 79,000 units under Program Perumahan Rakyat and 8,000 units under Projek Bantuan Rumah Sewa. To assist estate workers to own houses, the Government will provide Skim Others Pembiayaan Perumahan Kos Rendah with an allocation of RM50 Retail Corner’s million, managed by Bank Simpanan Nasional. The scheme is open to all Malaysian permanent estate workers to assist them to obtain hpusing Cineplex in Klang mall boasts 11 halls loans with a maximum of RM60,000 for the purchase of low-cost houses QSR to invest RM10m to open 11 new… at 4% interes rate and a repayment period up to 40 years extending to the National Geographic sets up shop in Lot10 second generation. B-Retail plans more 7-Eleven, Singer… Singapore Chicken Rice to set up 15… • Government will introduce Skim Rumah Pertamaku through Cagamas Berhad which will provide a guarantee on downpayment of 10% for KFCH to invest RM2.5m in new RasaM… houses below RM220,000. This scheme is for first-time house buyers RM5m Dragon-i waterfront project in… with household income less than RM3,000 per month. In other words, DNP to expand outlets, existing brands the house buyers will obtain a 100% loan without having to pay the 10% Singer, 7-Eleven gear up for H2 expansion down payment. Vista opens fifth outlet, eyes further… Chaswood goes Japanese with Watami • The first-time house buyers will also be given stamp duty exemption of Premium Outlets to open in Johor 50% on instruments of transfer on a house price not exceeding Jakel plans further expansion RM350,000. The Government also proposes that stamp duty exemption Federal Auto plans to open more ABT… of 50% be givrn on loan agreement instruments to finance such first-time purchase of houses. Others JS Valuers Research & Consultancy Sdn Bhd 2 of 42 pages PROPERTY LAUNCHES Minimum Minimum selling No Project Developer Units sizes (Sq Ft) prices Apartments / Condominiums / Townhouses 1. Pangsapuri Damai, Section 25, Ikram Ikhlas Sdn Bhd 671 918 – 1,076 RM 150,000 Shah Alam 2. The Sanderson, Bukit Serdang, Premier Green Sdn 376 900 – 3,370 RM 262,778 Seri Kembangan Bhd 3. 222 Residency, Setapak KP Property Sdn Bhd 222 860 – 3,290 RM 383,200 4. Royal Regent (Sri Putramas 3), Mayland 654 861 – 4717 RM 280,000 Jalan Kuching Development Sdn Bhd Two storey terraced houses 1. Bandar Putera 2, Klang (Type Malayapine Estates 205 1,400 RM 487,800 Cassia) Sdn Bhd 2. Bukit Bandaraya, Shah Alam Lebar Daun 88 1,400 RM 369,999 (Type Emillia) Development Sdn Bhd 3. Precinct 7, Setia Alam, Section Bandar Setia Alam 76 1,400 RM 515,000 U13, Shah Alam (Type Regia 3) Sdn Bhd 4. Precinct 7, Setia Alam, Section Bandar Setia Alam 138 1,400 RM 498,000 U13, Shah Alam (Type Garcinia) Sdn Bhd 5. Suria Residence 3 @ Suria Equinetech Plus Sdn 29 1,650 RM 500,000 Tropika, Seri Kembangan Bhd 6. Saujana Sutera, S2 Heights, Seremban Two 257 1,650 RM 301,679 Seremban 2, Seremban (Type Holding Sdn Bhd Suria) 7. Taman Sutera Utama, Johor Tanah Sutera 90 1,920 RM 728,000 Bahru (Type Estoria) Development Sdn Bhd Three storey terraced houses 1. Blu Constellation, Bluwater BluConstellation 108 1,625 RM 975,433 Estate, Seri Kembangan Development Sdn Bhd JS Valuers Research & Consultancy Sdn Bhd 3 of 42 pages Minimum Minimum selling No Project Developer Units sizes (Sq Ft) prices Two storey semi-detached houses 1. Precinct 6, Setia Alam, Section Bandar Setia Alam 108 2,720 RM 968,000 U13, Shah Alam (Type Hedyotis Sdn Bhd & Dipteris) 2. Bandar Parklands, Bukit Tinggi Gabungan Efektif 48 3,220 RM 688,000 3, Klang (Type Cornelia) Sdn Bhd 3. Precinct 8, Setia Alam, Sect U13, Lebar Daun 52 1,650 RM 450,000 Shah Alam (Type Nevada 3) Development SB 4.