SStwo Mall to be redeveloped? Registration

PTLM is not able to verify the details of this news at this juncture but according to a source, the mall management has ordered some (or) all of its tenants to vacate within the next three months.

A residential block could be added in one of the sections as part of its intended revamp of this complex, which underperformed since its opening in 2011.

The owner of the mall is said to be in talks with several property developers for a possible joint venture arrangement for the possible redevelopment of the mall.

It is unclear how it would work as this redevelopment plan involves an existing mall already built right in the centre of the SS2 housing estate. The source added that one of Malaysia’s premier developer Bandar Raya Developments Bhd (BRDB) could be the frontrunner to clinch the deal. BRDB is the developer of many distinguished luxury properties, amongst them are Senja Private Lakeside Estate, Serai @ Bukit Bandaraya, The Troika, One Menerung, Bangsar Shopping Centre, Sri Penaga, Tivoli Villas and Menara Bangsar.

PTLM also noted that an empty land infront of the mall entrance was earmarked for a 39-storey signature suite project to be developed by Solid Promenade Sdn Bhd, which has another project called Damai 88 located off Jalan Ampang.

Selangor Dredging Bhd is developing The Hub nearby, which is a freehold commercial development consisting of 276 units of signature suites in a 44-storey tower with built-up sizes ranging from 517 sq ft to 1,313 sq ft; and 13 blocks of 4-storey boutique shop offices.

Novum at South Bangsar Registration

Bold design, iconic lifestyle. Novum has been conceptualized with affluent singles and young families in mind. Standing prominently near iconic addresses such as Mid Valley City and KL Sentral, the Novum will be a statement-making icon with facilities tailored to the preference and lifestyle of tasteful urbanites and who value being able to provide stylish hospitality.

Attention to detail and classy fit-outs will define the interiors. Sizes of units are kept manageable yet spacious enough for the owners to create a uniquely personal haven that they can return to for both rest and play.

Pockets of garden retreats for recreation have mindfully been worked into the designs of the towers. Boasting state-of-the-art amenities and a top-notch security system, residents will enjoy peace of mind without missing out on the city’s vibrant excitement.

Malaysia is next for CaliBurger Registration

Originated from Southern California and heavily inspired by the famed “In-N-Out” burger chains in the United States, CaliBurger has confirmed that it is opening its first outlet in Malaysia by May 2015.

In May, CaliBurger will open at Avenue K in Kuala Lumpur. Located at the intersection of Jalan Ampang and Jalan Mayang within Kuala Lumpur City Centre, Avenue K is an 8-storey mall with over 120 shops.

Two additional units are expected to open in Kuala Lumpur throughout 2015.

Astonishingly, CaliBurger did not open its first outlet in California or anywhere in the United States.

CaliBurger’s first-ever outlet is located in Shanghai and the brand has expanded rapidly to around 50 restaurant branches across China. Within 2 years of expansion, the brand now has branches in Hong Kong, Shanghai, Los Angeles, Kuwait, Stockholm, Saudi Arabia, London, Washington D.C., Manila and Dubai.

Its trademark burger is called the “Cali Double” which is freshly made using 100% lean grass-fed beef and in-house-made sauces. All its burgers are only cooked to order.

There are a variety of sides such as fish sticks, hot wings, chicken poppers, sweet onion rings, potato wedges, wild fries and French fries. It also served brownie, chocolate chip cookie, walnut cookie and ice cream.

You may choose your favourite soda drinks or Cali’s hand-mixed milkshakes.

 

Tujuan Gemilang Registration

TG’s projects are significant. They challenge convention, and reinvent existing prototypes, and push the industry forward. They create projects that are beneficial for the occupants, the community and the earth.

Every property developer aspires to win one of the top 4 awards in the country. Tujuan Gemilang is the only Malaysian property developer by far to win all four Gold/Top Awards – FIABCI Prix D’Excellence Award, FIABCI Malaysia Property Award, ARCASIA Award for Architecture and PAM Awards by Pertubuhan Akitek Malaysia.

 

Completed/past developments:

  • PJ Trade Centre – Menara Mustapha Kamal, Menara Hasil, Menara Bata and Menara Gamuda
  • Point 92, Damansara Perdana (renamed Menara OBYU)

 

Ongoing/future developments in Klang Valley

 

Kiara Boy Lives Here Registration

Kiara Boy is uniquely Malaysian and as a Malaysian, he stands for unity.

Hello.

I’m Kiara Boy.

I’ll be writing about my personal opinion about current issues, subsale markets, personal finance and the property investment scene.

Needless to say, my rambles are a reflection of all I see, but ahemmm, it is not limited to a suburb called “Mont Kiara”.

My personal opinions are generally my own opinions. That’s it. You may disagree. But we can still discuss, right?

I wish you a nice day.

Be Responsible Lah When Investing Registration

Recently, I came across a group of people buying multiple properties like playing Monopoly Board Game. I felt impressed with the way and speed they grow their property portfolio from 2 to 3 properties to 8 to 9 properties in the span of a few years only!

It is like having competition on who owned the most properties.

What makes it more interesting is that some investors would claim that they are employed and are taking peanut salaries. If it is so, then how would they be able to get financing for all the properties that they have purchased? Think creative. There are numerous self-declared property sifus out there who would be able to guide you THE SECRETS of CREATIVE FINANCING if you know who to look for.

Let’s do a case study here on owning 8 properties using conservative assumptions.

Averagely, each property purchase price is RM500,000.

– Margin of Finance for each property is 70% (for more than 3 property units)

– BLR -2.4%

– Loan Tenure: 30 years

Monthly instalment for each property would be RM1,763.

Monthly instalment for 8 properties would be RM1,763 x 8 units = RM14,104 !!!

This is excluding other inherent costs such as service charge, maintenance fees, quit rent, assessment tax, fire insurance and others.

To be able to own or invest in 8 properties means that the investor would require a month’s salary of RMXX,XXX, or perhaps USDX,XXX?

Of course, many would say that rental income derived from the property could be used to offset or cover the monthly instalments. But the reality is that an investor would still require some time to secure a tenant and this is when savvy investors would need to have enough HOLDING POWER during the vacancy period.

No doubt property investment is one of the conventional type of investment method and that it has been proven to be a good hedge against inflation. However, I believed that one should be more RATIONAL and RESPONSIBLE when comes to property investments.

In my opinion, savvy investors should provide ready funds of at least 6 months to 1 year of loan repayment amount in hand before investing on another property. Why minimum 6 months?

  1. For those who are wanting to RENT their property:
    1. The need to spend some money to furnish the unit, partially or fully; and
    2. Generally, it will take at least 2 to 3 months to secure a tenant.
  1. For those who are looking to SELL their property:
    1. Let’s say you are fortunate enough to secure a buyer almost instantly upon taking Vacant Possession (VP). For freehold property, it will require 3 to 4 months to facilitate the transfer of ownership; and
    2. At least 6 months for leasehold property to fully transfer the ownership of the property and get your money in full.

Think about, what if more time needed to secure a buyer? Let’s say around 2 months to look for the right buyer. Then the holding period will be much longer than 6 months.

Hence prudently, it will be good to have holding funds of at least 6 months of loan repayment before moving on to the next property purchase!

Don’t get us wrong here. We are not discouraging people to invest in properties. We just felt that investors should exercise their investment decisions prudently and responsibly.

Property is an ASSET as well as your LIABILITY as well.

Folks, HAPPY INVESTING!

IOI Properties Registration

Today, IOIPG is renowned as one of the largest property companies in the country with a proven track record spanning more than three decades in the property development industry. Its principal activities include property development, property investment, leisure and hospitality. It has successfully developed sustainable townships in sought-after regions of Klang Valley and Johor in Malaysia while embarking on property developments in Singapore and the People’s Republic of China. IOIPG currently has a total of 10,000 acres of landbank in Malaysia and abroad.

As a socially-responsible property developer, IOIPG’s commercial buildings are designed to meet the Green Building Index (“GBI”) or are Green Mark-certified. It adopts the ISO 9001:2008 standards for its property developments and all ongoing projects are built to achieve a Quality Assessment System in Construction (“QLASSIC”) score of not less than 75%.

A strong testament to its quality excellence, IOIPG is consistently ranked among the top developers in Asia and bestowed numerous accolades by leading publications and organisations such as FIABCI, BCI Asia, The Edge Malaysia, Asia Pacific Property Awards, and the Building and Construction Authority (“BCA”) in Singapore.

Property Development

IOIPG is responsible for the successful development of comprehensive self-contained suburban townships along the high-growth corridors in Klang Valley (Puchong, Putrajaya and Klang), Penang Island and Southern Johor (Kulai and Segamat). Emerging townships in Bangi, Sepang and Bahau in Negeri Sembilan are currently being planned to cater to rising demand in these prime locations.

IOIPG established its presence in Singapore’s property market in 2007. It has ventured into five property developments in the country comprising high-end residential developments and integrated mixed developments. Among them are the luxury condominium developments of Seascape and Cape Royale in Sentosa Cove and the award-winning South Beach project.

In 2010, IOIPG ventured into property development in China. It has embarked on two mixed property developments, namely the IOI Park Bay and IOI Palm City in Xiamen, Fujian Province of the People’s Republic of China.

Property Investment

IOIPG’s property investment portfolio comprises mainly retail and office space totalling approximately 242,000 square metres of net lettable area (“NLA”).

Among its principal investment properties are IOI Malls (in Puchong, Selangor and Kulai, Johor Bahru), One and Two IOI Square (in IOI Resort City, Putrajaya), Puchong Financial Corporate Centre and IOI Boulevard in Puchong, Selangor.
 
Its flagship shopping centre IOI City Mall (Phase 1) in IOI Resort City, Putrajaya with a NLA of more than 1.4 million sq ft was soft-opened in December 2014.

In December 2014, IOIPG announced its intention to purchase a 37% stake in the owner of the Taipei 101 skyscraper. If approved by the Taiwan government, the deal will be expected to worth US$790 million.

Leisure and Hospitality

On the leisure and hospitality front, IOIPG owns and manages prestigious hotels, shopping malls, golf courses and office blocks in Malaysia.

The award-winning five-star Putrajaya Marriott Hotel & Spa and four-star Palm Garden Hotel which is adjacent to Palm Garden Golf Club, an 18-hole premier public golf club, are located in IOI Resort City while the 27-hole IOI Palm Villa Golf & Country Resort is strategically located within the exclusive high-end residential township of Bandar Putra Kulai in Johor.

Four Points by Sheraton Puchong which is located at the Puchong Financial Corporate Centre in Bandar Puteri Puchong opened in 2014, while Le Meridien in IOI Resort City, Putrajaya will open in 2015.

 

Index Living Malls debuts in Malaysia Registration

On 29th November 2014, Thailand’s largest home furnishing and decorative brand store marks its entry into the Malaysian market with the official launch of its first store at the newly-opened IOI City Mall in Putrajaya.

The IKEA-like store will feature infinite ideas and modern design inspiration of home decorative items, home furnishings and fittings. It will also feature top quality products, home solution services, sophisticated kitchen as well as home accessories such as glassware, tableware, cooking ware, home organisation, outdoor accessories, bed and bath and home textiles.

The Malaysian establishment is a 70:30 joint venture between AEON Co. (M) Bhd and Index Living Mall Company Limited of Thailand.

This also marks AEON’s first furniture outlet in the country. The Malaysian outfit of Japan’s largest retailer remained the country’s single largest owner, manager and operator of shopping centres.

Eco World Development Group Berhad Brand Video Registration

Eco World Development Group Bhd announced in April 2014 a corporate exercise that when completed will transform Eco World into one of Malaysia’s largest developers with more than a dozen ongoing projects in a number of strategic locations.

These projects will contribute to an expanded product range comprising affordable, upgrader-aimed and luxury homes, integrated high-rise developments, and green business parks.

With the combined experience of its management team who are well known industry players, Eco World is one of Malaysia’s fastest rising stars in property development with the brand reaching out to international shores very soon.