Properties Update
The closing gap
By about September last year, buyers no longer became very interested to buy; they got tired. They were buying at prices that they think should be lower than what they would have paid a year ago.
Owners began decreasing their prices until an equilibrium point, where asking prices and transacted prices began matching around December last year. "Because of the wait-and-see attitude of buyers, a lot more sellers began thinking, 'Oh oh, is this the end of the cycle? Am I hitting about 90% peak? Let me release the properties.'"
Residential properties packaged within mixed use developments will fare particularly well, believes Kho. “The products that are doing well are the self sustaining products where you got retail, residential, hotel and shophouse components all together.
Investors, especially the foreigners, will ask, ‘How is it going to sustain itself? Why would someone want to live in this location?”
Take a look at another real estates related news - Johor: Somerset Puteri Harbour Taken UP
ALL units of Somerset Puteri Harbour in Nusajaya Johor, which were recently previewed to Singaporean investors, have been sold out. Since then, these waterfront serviced apartments, which are to be managed by Ascott International Management (M) Sdn Bhd, have been previewed in Kuala Lumpur. This preview saw 120 of 132 units being taken up.
As part of the luxurious waterfront development of Puteri Harbour, Somerset Puteri Harbour Iskandar is near quayside lifestyle stores, fine dining restaurants, alfresco cafés and an indoor theme park featuring popular children’s characters such as Hello Kitty, Thomas and Friends, Barney and Bob the Builder.
The 204 serviced residences have a gross built-up area of 575,000 sq ft and a gross development value (GDV) of RM180 mil. The price ranges from RM720,000 to RM4.5 mil with unit sizes from 762 to 1,496 sq ft. The built-up of the penthouses starts from 3,650 sq ft.
http://www.somerset.com/malaysia/nusajaya/somerset_puteri_harbour_iskandar.html
More properties for Malaysians
Even though 59% of Malaysian respondents believed there was a property bubble in Malaysia, 62% were still keen to purchase a property within the next six to 12 months.
Malaysia was the most popular choice for property investment by 41% of Singaporean respondents, followed by Australia (19% of Singaporean respondents), and the US (10%).
Singaporeans are cashing in on a market where prices of equivalent properties are significantly cheaper compared to the Singapore market and returns on investment are also high.
The closing gap
http://www.thesundaily.my/news/304148
More properties for Malaysians
http://www.thesundaily.my/news/304151
Somerset Puteri Harbour sees robust sales
http://www.theedgemalaysia.com/property/209325-somerset-puteri-harbour-sees-robust-sales.html
By about September last year, buyers no longer became very interested to buy; they got tired. They were buying at prices that they think should be lower than what they would have paid a year ago.
Owners began decreasing their prices until an equilibrium point, where asking prices and transacted prices began matching around December last year. "Because of the wait-and-see attitude of buyers, a lot more sellers began thinking, 'Oh oh, is this the end of the cycle? Am I hitting about 90% peak? Let me release the properties.'"
Residential properties packaged within mixed use developments will fare particularly well, believes Kho. “The products that are doing well are the self sustaining products where you got retail, residential, hotel and shophouse components all together.
Investors, especially the foreigners, will ask, ‘How is it going to sustain itself? Why would someone want to live in this location?”
Take a look at another real estates related news - Johor: Somerset Puteri Harbour Taken UP
As part of the luxurious waterfront development of Puteri Harbour, Somerset Puteri Harbour Iskandar is near quayside lifestyle stores, fine dining restaurants, alfresco cafés and an indoor theme park featuring popular children’s characters such as Hello Kitty, Thomas and Friends, Barney and Bob the Builder.
The 204 serviced residences have a gross built-up area of 575,000 sq ft and a gross development value (GDV) of RM180 mil. The price ranges from RM720,000 to RM4.5 mil with unit sizes from 762 to 1,496 sq ft. The built-up of the penthouses starts from 3,650 sq ft.
http://www.somerset.com/malaysia/nusajaya/somerset_puteri_harbour_iskandar.html
More properties for Malaysians
Even though 59% of Malaysian respondents believed there was a property bubble in Malaysia, 62% were still keen to purchase a property within the next six to 12 months.
Malaysia was the most popular choice for property investment by 41% of Singaporean respondents, followed by Australia (19% of Singaporean respondents), and the US (10%).
Singaporeans are cashing in on a market where prices of equivalent properties are significantly cheaper compared to the Singapore market and returns on investment are also high.
The closing gap
http://www.thesundaily.my/news/304148
More properties for Malaysians
http://www.thesundaily.my/news/304151
Somerset Puteri Harbour sees robust sales
http://www.theedgemalaysia.com/property/209325-somerset-puteri-harbour-sees-robust-sales.html
