Pa International Property Consultants (Kl) Sdn
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MONTH: NOVEMBER 2011 ISSUES: 11/2011 Property News PA International Property Consultants is a registered real estate firm committed to providing a comprehensive range of property solutions to meet the needs of investors, occupiers and developers. The Research Division provides core real estate information to clients and internal departments in order to ensure accurate real estate decision-making. Our research team has completed market studies and research work for various ongoing development schemes within Klang Valley, providing comprehensive economic analysis, property PA INTERNATIONAL market information, forecasts and consulting advice based PROPERTY CONSULTANTS (KL) SDN on reliable sources. Phone: 03-7958 5933 Fax: 03BHD-7957 5933 We constantly strive to present the most up-to-date Website: http://www.pa.com.my market knowledge in order to ensure clients are well- Email: [email protected] armed with sufficient data to make the right property decisions. Issues 6: 1-31 November 2011 GENERAL ECONOMIC & PROPERTY MARKET 1. FDI for 2011 likely to be higher than last year (The Star, 29-November-2011) . Malaysia’s foreign direct investment (FDI) rose 42% to RM26.4 billion in the first nine months of 2011 from RM18.6 billion recorded during the same period last year (2010). The FDI inflows for the 1Q 2011 and 2Q 2011 were strong at RM10.1 billion and RM11.07 respectively, it however moderate in the 3Q 2011 to RM5.17 billion . International Trade and Industry Minister Datuk Seri Mustapa Mohamed mention that 2011 FDI was expected to surpass the RM29.3 billion achieved for the whole of 2010. Mustapha add that the good performance in FDI inflows and private investments for the first nine months of 2011 indicated that the various initiative introduce by the government to spur economic growth were MARKET ECONOMICGENERAL & PROPERTY showing positive results. 2. Inflation up 3.4 in October (The Star, 29-November-2011) . The country’s inflation rate as measured by the consumer price index (CPI) remained unchanged at 3.4% in October on a year-on-year basis, with prices mainly driven by the growth in the food component. Based on The Statistics Department, month-on-month, prices were up 0.2% with food and non-alcoholic beverages as well as non-food item for October 2011 showing increases of 5.7% and 2.4% respectively when compared with the corresponding month. 3. 3Q GDP up by a surprising 5.8% (The Star, 19-November-2011) . The country’s gross domestic product (GDP) expanded by 5.8% in the 3Q ended 30 September 30 on a year-on-year basis as domestic demand remained resilient private and public sector spending expanded and uncertainty and volatility in the external front. GDP grew a revised 4.3% in the 2Q while the economy grew 5.2% in the 1Q 2011. Bank Negara governor Tan Sri Dr Zeti Aziz said mention that the outlook for the 4Q would depend on how many developments in recent months would impact trade. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 1 Issues 6: 1-31 November 2011 LAND TRANSACTIONS 4. Development land sale in Seberang Perai, Pulau Pinang (Bursa Malaysia, 23-November-2011) Location Seberang Perai, Pulau Pinang Vendor Dato’ Siah Gim Eng & Datin Law Hooi Lean, Dato’ Siah Gim Eng and Datin Law Hooi Lean. Purchaser PW Nutrifarm Sdn Bhd (subsidiary of PW Consolidate Bhd) Land tenure Freehold Title details GM 1 Lot No. 873, GM 264 Lot No. 824, GM265 Lot No. 825, GM 59 Lot No. 59 and GM 60 Lot No. 60 Mukim/ District Mukim of 8, District of Seberang Perai Selatan, State of Pulau Pinang. Description N/A Land area 414,363.84 sq ft @ 38,495.66 sq m Price RM4,640,275.91 @ RM11.19 per sq ft Date of SPA 23 November 2011 LAND TRANSACTIONS LAND 5. Agriculture land sale in Klang, Selangor (Bursa Malaysia, 11-November-2011) Location Adjacent to the Sazean Business Park, Klang. Vendor Sazean Development Sdn Bhd Purchaser Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB) (subsidiary of KPJ Healthcare Berhad) Land tenure Freehold Title details Held under HS(D) 135779 PT No. 129221, HS(D) 135781 PT No. 139223, HS(D) 135782 PT No. 129224 and HS(D) 135780 PT No. 129222 Mukim/ District Mukim and District of Klang, State of Selangor. Description The land is currently vacant. KPJSB intend to develop and construct a specialist hospital on the land. The development is expected to commence upon the completion of the proposed acquisition and will be completed 24 months thereafter. Land area 198,024 sq ft Price RM23,762,400 @ RM120 per sq ft Date of SPA 11 November 2011 Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 2 Issues 6: 1-31 November 2011 6. Agriculture land sale in Larut and Matang, Perak (Bursa Malaysia, 11-November-2011) Location Larut and Matang, Perak Vendor Gan Jin Yee and Chua Seng Oun Purchaser Mega Western Resourse Sdn Bhd (subsidiary of Cam Resources Berhad) Land tenure N/A Title details GM 1447 Lot No. 1128, GM 1446 Lot No. 1110 and GM 1445 Lot No. 1109 Mukim/ District Mukim of Jebong, District of Larut and Matang, State of Perak. Description The land comes together with planted palm oil trees. Land area N/A Price RM6,000,000 Date of SPA 11 November 2011 7. Development land sale in Bandar Ulu Kelang, Selangor (Bursa Malaysia, 10-November-2011) Location Bandar Ulu Kelang, Gombak, Selangor. Vendor Ukay Spring Development Sdn Bhd Purchaser Gapadu Harta Sdn Bhd (subsidiary of Malton Berhad) LAND TRANSACTIONS LAND Land tenure Freehold Title details Held under Master Titles PT Nos. 1344 to 1373, 1375 to 1388, 1403, 1190, 14234 and 14877 Mukim/ District Mukim of Bandar Ulu Kelang, District of Gombak, State of Selangor. Description The Master Land has been subdivided into 161 titles. All the titles to the Sub-divided Land are subjected to a restriction-in-interest wherein prior consent from the Pihak Berkuasa Negeri is required for a transfer, lease or change of the Sub-divided Land. The land is currently vacant and unoccupied. Land area 2,441,538 sq ft Price RM105,000,000 @ RM43.00 Date of SPA 10 November 2011 8. Agriculture land sale in Setul, Negeri Sembilan (Bursa Malaysia, 1-November-2011) Location Mukim Setul, Negeri Sembilan Vendor Herald Heights Sdn Bhd, Focal Realty Sdn Bhd, Amity Continental Sdn Bhd and K.L. Chan & Kok Management Sdn Bhd Purchaser Kimlun Land Sdn Bhd (subsidiary of Kimlun Corporation Berhad) Land tenure Freehold Title details Geran 161811 Lot 9671, Geran 161812 Lot 9672, Geran 161813 Lot 9673, Geran 161814 Lot 9674, Geran 161815 Lot 9675, Geran 161816 Lot 9676, Geran 190183 Lot 9677, Geran 190184 Lot 9678, Geran 161819 Lot 9679, Geran 161814 Lot 9674 and Geran 161816 Lot 9676 Mukim/ District Mukim of Setul, District of Seremban and State of Negeri Sembilan. Description The lands are currently vacant plots. Land area 1,858,496.77 sq ft @ 17.266 hectares Price RM27,361,387.55 @ RM14.72 per sq ft Date of SPA 1 November 2011 Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 3 Issues 6: 1-31 November 2011 RESIDENTIAL PROPERTY IN KLANG VALLEY 9. Residential sale in Bukit Bandaraya, Kuala Lumpur (Bursa Malaysia, 29-November-2011) Location No.4 Jalan Kapas, Bukit Bandaraya, 59100 Kuala Lumpur. Vendor Ecoship Sdn Bhd Purchaser Goldhill Achiver Sdn Bhd Land tenure N/A Title details Held under GRN 7649, Lot 40443 Mukim/ District Mukim and District of Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. Description The land comes together with a 2-storey bungalow. The land can only be used for residential purpose and there is no restriction in-interest on it. Land area 22,066 sq ft Price RM13,500,000 Date of SPA 29/11/2011 10. Amphil to start sale of high-end Rimbun condos (The Star, 28-November-2011) RESIDENTIAL PROJECT NAME Rimbun Condominium Location Jalan Ampang Hilir, Kuala Lumpur Developer Amphil Corp Sdn Bhd GDV RM200 million Type Condominium Level / Block 17-storey No. of units 56 Built-up area 3,500 sq ft, 4,500 sq ft and 18,000 sq ft Developer selling price Yet to be fixed Completion date 3Q 2014 Product features Solar photovoltaic panels, rain water harvesting system, aerated concrete blocks, high ceilings, high performance glass, low volatile organic compounds paint, green label fittings, energy-efficient lighting, titanium dioxide coating, motion sensors, energy- efficient lifts, recycle bins, non-chemical swimming pool, herb garden, drip irrigation with rain sensor, naturally ventilated porch and terrace, recycled rubber humps, hybrid vehicles car park and fume An Artist’s impression of extract sensors. Rimbun Condominium Notes . Access to the entrance is via tree-lined avenues and it was surrounded by a polo club, a golf club, park, lakes, top medical centers, a number of international; schools and more. It is also located just minutes away from all the excitement in the KLCC vicinity with all the dining, shopping, entertainment and commercial outlets. Yet, it does not have the noise and cramped condition of city living. Rimbun has also achieved the internationally recognized green-mark gold plus provisional certification from the Building and Construction Authority, Singapore. The building also must comply with the dictates of Conquas, which is Singapore’s construction quality assessment body. Our philosophy is simple: A unique combination of People, Intellectual Property, Relationships, Services and Commitment 4 Issues 6: 1-31 November 2011 11. Isola 75% taken up at launch (The Edge Property, 24-November-2011) PROJECT NAME Isola Location Jalan SS16/1, Subang Developer Sime Darby Bhd GDV RM220 million Development land area 2.17 acres Tenure Freehold Type Condominium Level / Block 16-storey / 2 blocks No.