Property Malaysia



Welcome to PROPERTY MALAYSIA
- This is the place to come if your are planning to buy, sell, invest in property, or just want to learn more about the real estate industry in Malaysia.

If this is your first time here and would like to learn more about the site and it's contributors or would like to send us an e-mail, please click on 'About Us' link below.

We post articles almost everyday, and have done so since July 2005. Some postings are about industry news, some are our views on property & construction issues, etc. But our most popular posts are our reviews of the latest launches. For an updated list of all the projects reviewed here, click on the 'Project Reviews' listing, and read away.

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August 31, 2009

Malaysian Business: Saving that Spare Cash

Filed under: Investing

Was reading a copy of Malaysian Business (June 1-15) when I came across an interesting article called “Saving that Spare Cash”. The article delve into a few aspects of Malaysian consumer confidence and spending trends, but one survey that I’d like to highlight was this one:

How Malaysians intend to spend their spare cash (May ‘09):

Putting into savings - 69%
Paying off debt/credit cards/ loans - 41%
Holidays - 37%
Investing in shares/ stocks/ mutual funds - 32%
New clothes - 24%
New technology - 20%
Retirement fund - 16%
Out of home entertainment - 15%
Home Improvement / decorating - 13%
I have no spare cash - 6%

The index is based on the latest Nielsen Global Consumer Confidence Survey which covered consumer confidence, major concerns and spending habits across 24,140 Internet users across 50 countries.

What is interesting to note that Malaysians put a high priority in savings, and secondly, settling outstanding debt. Credit card debt is definitely on the rise as a worldwide trend, even more so here in Malaysia, so the habit of saving is definitely a good habit. That being said, Malaysians are still spending with holidays, clothes and tech toys high on the list.

What is important to note from the survey too, is that Malaysians are rank no. 3 in the world in terms of saving money, after Hong Kong (75%) and Singapore (74%).

Unfortunately ‘investing in property’ did not appear on the list.

Happy 52nd Birthday, Malaysia

Filed under: Uncategorized

Wishing all Malaysians a happy Hari Merdeka. We’ve just had a very busy long weekend, glad to have a chance to relax today.

We hope for continued prosperity and stability for all Malaysians. Let’s celebrate our diverse cultures and heritage as we brace ourselves for globalization and more financial difficulties.

August 26, 2009

Subang Olives, Subang Jaya

Filed under: Developers, New Launches

Was in Subang Jaya during the weekend, remembered reading about a new project launched somewhere in SS16 near the current strip of condos nearing completion. When i turned the corner, i realized that its actually the relaunch of Jana Towers.

After going through some rough patch, (you can read some of the history here) the new developer has been promoting Olives for the past few months, and you can check out their website and details here.

The new developer is committed to complete and hand over the stalled first phase of Jana Towers to the purchasers, and at the same time pursue their concept for the integrated commercial and residential development of Olives.

August 20, 2009

Real Treehouses from Around the World

Filed under: General

Treehouse author Pete Nelson is back with his fifth book called ‘’New Treehouses of the World’. New designs include spheres that sway in the wind and a treetop plexiglass structure meant for communicating with outerspace. As you can expect, there are stories and pictures of many beautiful and creative treehouses from around the world.

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You can see more of the pictures here.

August 16, 2009

Five Stones, SS2 Petaling Jaya

Filed under: Developers, New Launches

Some two and a half years back some of you may remember Ameera launched by SDB Properties along Jalan SS2/72 beside the landmark Jasmine Towers. Now with Ameera nearing completion and handover, they have just launched a second project next to it called Five Stones. These two projects are part of a larger plot of land, there is a third parcel earmarked for commercial use across the river facing Section 19.

Why is it not Ameera Phase 2 but rather a different name and concept? Well, if some of you property watchers may well remember correctly, this entire parcel of land was bought over from Luxor Properties who were planning to launch their then Park 19 project (we even visited their sales launch for that non-starter project before the title changed hands). So Ameera was a retouched Park 19 with only a slight changes to fit into SDB’s well known high concept and branding.

With the second phase, Five Stones they have an opportunity to start on a clean slate for design and concept purposes.

Location. SS2 is a landmark of upper middle class suburban living that has not succumbed to over development in recent years. With its still vibrant commercial area that serves the surrounding catchment of decades old landed homes, this neighbourhood is now seeing a need of condominiums (but not too dense like Mont’Kiara) to cater for the younger generation who don’t want to stay too far away. There are good reasons why this location is prized - connectivity via the LDP, Sprint and NKVE, KL isn’t too far away, more existing amenities than you can ever ask for, etc.

The overall concept of Five Stones is intergenerational living under one roof, and large spaces beyond your home. There are five blocks of units, currently only 3 are open for sale. What distinguishes this project from its competitors is the luxury of space, not only for the buyers unit but for the development. From the current 3 blocks open for sales, two are low rise villa units (somewhat similar to the ones available in Ameera) while one is a highrise condo. So low density characterizes Five Stones, plus the units are large. But what clinches it is the open courtyard in the centre of the five towers - a landscaped area (no doubt will contain 5 large granite stones, or something to that effect). Coupled with that are impressive common facilities which include a Kompan playground and a landscaped parked that highlight the concept of the development. The facilities divided into a ‘quieter’ area at the center courtyard (healing gym, swimming pool) and the ‘noisier’ area at the clubhouse (which includes a larger gym and basketball courts).

Block A is the 38-storey highrise condo with the clubhouse on the ground floor. There are 147 units here with up to 4 units per floor. The units here have either 3+1 or 4+1 rooms, sized from 1,785 to 2,254sq.ft. Penthouse duplex units are available for 3,390 and 4,491sq.ft. The design here is interesting in that while there are 4 units per floor, each unit is independent of the others and you do not have any party walls, thereby giving each unit for open window space.

Block B is a low rise villa and has 4 floors with 8 units only, from 2,381 to 3,009sq.ft. Some units come with a private garden. Block C is also midrise villas (30 units) but with larger buildup (

For those of you who have seen Ken 3 or Ameera (or is familiar with the old village here), the terrain slopes down from the high point of Jalan SS2/72 down to the river (actually its a large monsoon drain) that divides SS2 and Section 19. At the moment you can see at the site they have excavated it down level for 3 levels of basement parking.

Prices average about RM460psf, so the pricing for the Villas is from RM907,000 to RM4,353,000 while condominiums are available from RM898,000 to RM2,801,500. The developer is packaging some freebies with the units, please check with the salespeople for details.

Bottomline - Of course this isn’t cheap. But is the price tag justified (we overheard ‘Mont’Kiara prices in SS2′). Considering the location and freehold land, we dare say it is. But what sells it is the concept and branding that is obviously well thought of, and implemented well. The large buildup of the units contribute to the pricing, but they are obviously targeting large families, not the average bachelor pad kind of deal.

SDB Properties are known as a niche developer whose completed projects include Amansari 18 in Puchong and Park Seven in KLCC. Other than Ameera, currently they are also developing 20 Trees in Melawati, Jia in Singapore and Damansara 21.

Project Name Five Stones
Location SS2 Petaling Jaya
Description Luxury low villas and highrise condominium
Land type Freehold
Land size 5 acres
Encumbrance Charged to Public Bank
Price Villas: from RM907,000 to RM4,353,000
Condos: from RM898,000 to RM2,801,500
Unit size 1,785 to 4,718sq. ft.
No of units Villas: 88
Condos:289
Total:377
Launch Date now available
Expected Completion Dec 2012
Developer SDB Properties Sdn. Bhd.
Contact 03 - 7725 8900
Website www.sdb.com.my

August 13, 2009

Real Estate Search Engine

Filed under: General

Being in the property and construction industry, we’re always interesting in innovative websites and applications related to it. With the popularity of Google Earth and Google Maps in the past few years, many companies in the US have successfully developed software using the these apps to bring real estate search to a whole new level of sophistication. One such program is Trulia.

Trulia has recently been selected as one of the 100 Top Websites of 2009 , like many other websites like it, works on a simple concept. Type in the area you want to search for or a zip code (or in Malaysia, Postcode), and available properties for sale or rent will be listed. You can specify parameters like price range, no of bedrooms, square feet, type of home etc to narrow your search.

trulia

In Malaysia, there is a huge potential to exploit Google Maps in a local context. At the moment there are many directories or search engines but all of them are basically free listings or run by agents for the purpose of selling their homes. No one website integrates all of the available resources with an integrated map facility. Any talented programmer wanna try?

August 11, 2009

The Legacy of H.M. Brown

Filed under: General

For most of the older generation who remember the time of the British Occupation, most of them don’t have much to say about their former colonial masters. But for those of you who missed the previous Monday’s Star Metro, there were two articles highlighting the kindness of the former British landowner and his estate manager in the highly publicized Kg. Buah Pala case. Here with apologies to the Star (and i hope they don’t mind), I have reproduced the two articles for the benefit of those who did not read it or are outside Malaysia.

Legacy of a landowner

WHILE little is known about estate owner David Brown, the name raised much curiosity at the height of the Kampung Buah Pala land dispute (dubbed the Tamil High Chapparal after a 1970s television series).

This piece of prime property belonged to the Brown family and is located in Bukit Gelugor, Penang.

The residents there are descendants of Tamil workers employed by David. They claim the land was a gift to their ancestors and is held on a housing trust for them.

brown

But they lost their case to the new landowner and a developer in a series of court battles, and today is the day when the demolition of the houses is set to take place to make way for a proposed apartment project.

In her 1935 paper A Hundred Years of the Brown Family 1750 - 1850, H.M. Brown, a descendent of David, wrote that the latter was the son of a gardener who resided in the United Kingdom from 1740 to 1750.

The paper documenting a brief history of the Brown family ended up in Penang in the mid-1990s and a copy was obtained by MetroNorth courtesy of author and historian Khoo Salma Nasution.

David was married to Janet Stuart, a daughter in a well-to-do family, in 1775. He owned several small properties in his county, mostly foreclosed mortgages.

A law graduate from Edinburgh University, he impressed his Berwickshire farming relations with his business acumen and organising powers, so much so that in January 1800, before he was 21, they sent him to Penang with the Power of Attorney and £300 to invest there on their behalf.

The journey was also to collect money from the estate of his uncle, Alexander Stuart, who had died in Penang some two or three years earlier.

His trading and money-lending business flourished and he is believed to have fathered two children, Sophie and George Wilson, with a Nyonya named Ennui. He is believed to have fathered nine children in the then Malaya.

David built Gelugor House in 1812 and took up residence there the following year. He died on Sept 12, 1825, at the age of 49 years, after staying on the island for 25 years.

For seven years after his father’s death, George lived in Gelugor.

The nutmeg plantation laid out by his father did not come into bear at that time, and he remained a relatively poor man. The lavish entertaining of his friends, in which he indulged, helped to keep him so.

At his death in 1832, on a voyage home to England, his affairs were said to “have been left in confusion”. He is believed to have died deeply in debt.

David and his descendants, being the largest landowners during British rule, have donated land for the building of schools and religious houses in the community.

In recognition, a memorial of David was erected at the corner of Anson Road and Perak Road.

***

Watts lived up to Brown’s generous ways

THE Brown family owned several large plots of land in the Straits Settlement.

Besides Kampung Buah Pala, the Brown estate included plots in Sungai Nibong and Sungai Ara.

The Sungai Ara land, measuring close to 404ha, was managed by the late H.R. Watts, a manager employed by Brown, who later became a majority shareholder of the Sungai Ara Estate.

“My father was his carpenter who also helped build roads in the former rubber, durian, rambutan and cocoa plantation.

“Because Watts valued my father’s contribution, we were compensated with a triple-storey shoplot.

“The land was offered to me in 1985 by Watt’s daughter, Ann Barton at RM10 per sq ft. I asked for a 50% reduction, and instead of selling it to me at half price, she sold it at a token of 50 sen per sq ft” the former Sungai Ara Resident’s Association chairman said, adding that the building was now worth more than RM900,000.

“I believe some 90 houses and shoplots were part of compensation given to early residents of Sungai Ara, when Watts entered into joint ventures with developers to develop the land.

Another resident, Tan Boon Hoe, said his father worked as a clerk for Watts in 1936.

“I believe Watts did not intend to develop the estate, but the then Chief Minister Tun Dr Lim Chong Eu, persuaded him to do so because the state was building a free trade zone and intended to develop the Bayan Lepas area.

“Watts made sure the labourers of the estate received proper compensation and negotiated with the developer to provide double-storey terrace units for them.

“He told the developer ‘if you want to build on my land, make sure the squatters are well taken care off’,” said Tan.

M. Nagamal, 85, was among those who received the units.

“The land was sold to me for RM8,000, very cheap. He even allowed me to pay in monthly instalments.

“Watts and his wife could speak Tamil and allowed their daughter to play with the labourers’ children.

“They treated us very well and even helped pay for school fees, school uniforms and medical bills when our children were sick,” she said.

Sungai Ara resident Khor Ewe Chye, 70, said he was forever indebted to Watts.

August 3, 2009

PJ5 SOHO, Kelana Jaya

Filed under: General, New Launches

Recently we’ve been exploring some new office suites around PJ area, and there seem to be many new ones. They range from the large scale ones with huge visibility (like PJ8 and PJX along the Federal Highway) and some medium and small scale ones sprouting in between existing development (3 Two Square). Maybe its a good sign that the office space market is beginning to pick up, but then again no one can tell if a year from now there will an over supply or a shortage. But even in the best of times, very few office buildings can boast of near full capacity at optimum rental rates, unless you are located in some red hot prime area like the Golden Triangle in KLCC. Outside of the city centre, expectations have to be more realistic. Move further out to the suburbs, where there is a mixed development of residential and commercial (and in most cases in PJ, even industrial), even more so.

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pj5map

So in these areas, developers tend to build small. Some diversify into retail / F & B outlets on the first and mezzanine floors to add vibrancy at night. Recently some developers have started to offer clubhouse like facilities for the benefit of the tenants and their clients. Some office suites are marketed as SOHO units to attract the younger crowd.

pj5layout

So here we have PJ5, in Kelana Jaya one of the more established of PJ’s residential areas. It is located on a very quiet stretch of road that has a few schools and surrounded by landed homes and low key double storey shoplots which have been here for more than 3 decades. And now we have a 10 storey office building with 138 suites. The plot of land is on an idle site that was earmarked for an earlier developed but did not take off. The developer then acquired this plot, which is slightly under an acre for this project. While it is marketed as a SOHO, its basically an office unit, but they have included serviced apartment-style facilities for the tenants. The suites can be made into a SOHO with proper ID works, but that really can be said for most office units in Malaysia.

pj53

pj54

The full glass facade building looks contemporary, the ground and mezzanine floor are reserved for retail units for rental only. The office suites start from first floor above, and there are 138 units.

pj55

The units are arranged all around a lift lobby, so you have a choice of which direction your office faces. Unit sizes range from a small of from 350 sq.ft to 915 sq.ft. so bigger offices are expected to take up at an entire floor. At the moment the prices are at from RM136,900 to RM583,900 which is from RM390 to 450psf, indicatively. As for the facilities they have rooftop swimming pool, landscaped garden, and other facilities for serviced apartments like sauna, gym multi-purpose hall, and security services. At the moment the developers are packaging in freebies for early bird purchasers.

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The developer has completed a few small projects, mostly in the Bandar Utama area like Casa Utama, Eastwood Terrace, Villa Dahlia and Beverly Residence.

Project Name PJ5 SOHO
Location Kelana Jaya
Description Limited SOHO units on commercial land
Land type Freehold
Land size 1 acre
Encumbrance Nil
Price from RM136,900 - RM583,900
(from RM390 to 450psf)
Unit size from 350 sq.ft to 915 sq.ft.
No of units 138
Launch Date now available
Expected Completion July 2012
Developer Ong Chong Realty Sdn. Bhd.
Contact 03-7710 1000
Website www.ocr.com.my

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