KLCC LUXURY CONDOMINIUM

Hot Deal !! The Avare @ KLCC - Buy Direct At Auction Price!

2011-10-03T01:50:00.000-07:00

Owner want to exit Malaysia Market Quickly !!

Selling At Auction Price !
Below Developer Price !!! RM800psf
Don't miss the opportunity to own this CNBC Award Winning masterpiece.

High tenancy rate ! Many successful transactions and price set to rise soon.

Great for own stay - Low dense, Luxury, Prestige, Spacious, Expansive view

Great for investment - Hi tenancy rate for similar unit and the nearby Platinum Park is targeting to launch above RM2000psf. Great potential for appreciation.

********************

Spacious 3800sf super luxury condo unit facing the famous KLCC Twin Towers and overlooking the beautiful KLCC park which is just 3 minute stroll.

A strategic location that allows it to enjoy the amazing KLCC view at night
and the magnificent KLGC (golf course) view with the mountains afar on the backdrop by day.

Call Joey at 012-3378878 for more on pricing.

Check out the property details on

AVARE Property Facts, Photo and Floor Plan

Troika @ KLCC

2011-10-03T01:30:00.000-07:00

THE TROIKA

A truly Iconic and Luxury Property.
Award Winning Architecture by World Famous Architect - Foster and Partners.

Walking Distance to KLCC Park, Twin Towers and LRT Station.

Hot Deal in town!!

For Limited Units :
FREE Sales and Purchase Agreement
FREE Loan Legal Fee
FREE 1 year maintenance Fee
Min 5% Guareentee Return on Investment*

* 1 year 5% return only on certain units

High Floor Units with FULL KLCC View available, Call us at

012-337 8878 Joey Lee

or email joeyklcc@gmail.com

Owner welcome to list.

Units available from RM1400psf - RM2200psf

SOHO Suites 989sf to 1600sf RM1.6mil onwards
Residences 2144sf - 2906sf RM3.1mil onwards
Super Penthouses 7594sf - 9090sf RM23 million

<-- Show unit

Breathtaking view -->
from the nearby KLCC Park

Property Details
2545 sf, above sky lobby, 3+1 rooms, having the twin towers view from Living, Dining, Master bedroom, master bathroom, balcony and even the second bedroom !!!!
One of the best view unit in Troika.

Selling at RM2,000 psf.

Call Joey 012-337 8878
or email us at joeyklcc@gmail.com.

Malaysia’s Optimistic outlook for 2010

2009-12-01T17:55:00.000-08:00

*** From Property Report Asia - Dec 09***

From a growth in the GDP to increase in the sales of transactions for high-end properties, Malaysia has a positive outlook for the year ahead.

by Pete Wong

Developers will be happy to see the crisis-filled year coming to a close and hoping to get back into the swing of things in 2010 and ahead. There could be a temporary lull period during the traditional Lunar New Year festive season in mid-Feb 2010 when the market will be quiet but the pace is expected to pick up right after. Market confidence is returning and all indicators seem to point to a recovery to a certain extent.

The Malaysian government has estimated a Gross Domestic Product (GDP) growth of 3.2 per cent for 2010 and most analysts agree this is achievable. Malaysian Rating Corp Bhd (MARC) has given its own 3.6 per cent GDP growth prediction after taking into account some of the expected weaknesses in the US economy, which will affect Malaysia’s trade performance.

But is it too early to pop the champagne? During the recent Asia-Pacific Economic Cooperation forum (Apec), ministers who attended the meeting mostly agreed that the global economic crisis was far from over and the expected upturn was just a respite rather than a recovery.

Confidence returning
Despite the uncertainties, there is a lot of optimism, especially among local investors. "Market sentiment is on the rebound. There is good liquidity in terms of transactions and this should augur well for the property market next year," said Andy Khoo, Sunwaymas Sdn Bhd’s executive director.

"The economy is set to climb back on the growth path which will work well for property demand. We expect to see more sales activities and transactions over the next 18 to 24 months, as Malaysia’s GDP is expected to rise to 6 per cent in 2012," said Lai Voon Hon, Ireka Development Management’s president and CEO.

When YTL Land launched their Lake Edge Pavilion Terraces last month, all 30 units of the double-storey homes were snapped up within hours. Buyers were seen streaming in at 6 am and by mid-morning, the developer was ready to close the shutters. The units were priced from RM780,000 and ready for completion by end-2011. Sales were, of course, helped by the fact that the developer has a reputation in offering award-winning designs and a history of looking after the community’s well-being even after the units are delivered.

Over at Mont Kiara, the upscale One Kiara condominium project continues to attract attention despite the fact that there is no official launch yet. "We had a 70 per cent take-up for Phase One and we are now talking to an institutional investor to take up the bulk of our available units. Once that is finalised, we should have a few more units available for the public. Our selling price starts at between RM600 to RM650 per sq ft and early birds need to pay only 10 percent and not have to worry about the rest until delivery," said Chris Low, Monday-Off Development’s managing director and project owner.

No mad rush
Property prices in Malaysia, especially within the prime Kuala Lumpur area, are unlikely to see a huge jump in values like what is happening in land-scarce Singapore and Hong Kong recently. Malaysia has more than enough landbanks for developments. At a recent media briefing, Sunrise Bhd’s executive chairman, Tong Kooi Ong said: “It’s a myth to say there is insufficient development land in the Klang Valley (Kuala Lumpur)." The company itself has about RM1.5 billion worth of property projects to launch in the near- to mid-term and about 40 acres of land in the Mont Kiara area alone. "Our current landbank is sufficient to last us eight more years," he added.

Sunrise Bhd plans to launch another three projects in Kuala Lumpur within the next few months starting with the MK28 project in Mont Kiara. MK28 comprise 460 condominium units ranging in size from 2,000 to 3,000 sq ft.

Even if there is a surge in speculative buying, the ample supply of units on the market will put on a check on rising values. Within the Kuala Lumpur City Centre (KLCC) area alone, there is an existing supply of 5,700 units and a further 5,800 units are expected to come onstream within the next few years. "It is clear that there will be an oversupply as the year comes to an end and 2010 rounds the corner," said Robert Ang, Savills Rahim & Co’s managing director.

RPGT
What came as a surprise for many, however, was the government’s recent announcement to re-impose a Real Property Gains Tax (RPGT) with effect from January 1 next year. Although the tax amount of five percent is not huge, many in the industry thought that the move was ill-timed as it may hinder the market’s recovery from the economic crisis. "It may dampen property investors’ sentiment and curb some level of speculative buying," said Tong.

"It came as a surprise to us, as the government had suspended RPGT merely two and half years ago to give the property sector a boost and attract foreign purchasers. The re-imposition of RPGT could have a dampening effect on the property development sector, reflecting fears by international property buyers of more RPGT increases in future years or frequent changes in real estate policies in Malaysia," said Lai.

An irate property owner even wrote to the press asking, "How are we to be taken as a serious place for investment when policies keep changing at the whims and fancies of the powers-that-be?"

Some feel that the five percent tax may just be the beginning for more surprises in future. Prior to the exemption of the RPGT in April 2007, tax on gains from property transactions was on a progressive basis from zero to 30 percent depending on the holding period of the property. "We think that in the long term, the original scale rates of 30, 20, 15 per cent and so on, will be coming back," said Dr Veerinderjeet Singh, managing director of Taxand Malaysia.

"It is too early to see the impact of that five percent tax but it is a psychological barrier, particularly for those who entered the market in 2006/7 when market was at its peak," said Paul Khong, Regroup Asociates’ executive director. "Some of them will not be making money and they are already upset. With this flip-flop policy, they may just take their money and go elsewhere to get a better return," he added.

But not everyone is worried about the tax. "The government needs to have its source of revenue and I think the five percent tax will not have a huge impact. Property owners will just have to adjust their selling prices to cover the tax. However, it may have a bigger impact on lower-end properties where margins are already squeezed," said Low.

From a wider perspective, Malaysia may need a few more years to fully recover. As for property values, Kuala Lumpur may never be on the same level with Singapore or Hong Kong for several reasons. The average monthly take-home income of a Malaysian worker is much lower by comparison. Crime, poor public transportation and haphazard city planning, are perpetual issues crying for a solution. No matter how high-tech, environment-friendly or great-looking a building is, its property value is still determined by its location and living environment. Factors like how safe is it to walk the streets at night or how easy is it to take a taxi home are still important questions that the discerning foreign property investor will ask. The Malaysian government still has a lot of work to do in order to create the right environment for property values to appreciate and for foreign property investors to come in.

----------------------------
Projects update

For those looking for an upscale freehold condominium unit, Kenny Heights Sanctuary, located about 15 minutes’ drive from Mont Kiara, may be the answer. The developer, KH Land, will be throwing in signature gardens by an award-winning landscape designer, a sky lounge, clubhouse facilities and even a private spa, among other amenities. There will be 599 units ranging in size from 1,859 sq ft to 3,748 sq ft and priced between RM1.3 to RM5 million.

Those who prefer privacy in a low-density freehold condominium project might be interested in Lumina Kiara. Located at Mont Kiara, the development offers only 104 units within a split-tower of 23 and 29 storeys. Each floor has between four and six units only. Another cluster of 12 semi-detached, three-storey houses are connected to the condominium. The developer, ECH Development is currently selling the units at between 650 and 750 per sq ft. They are also dangling a ’10/90’ sweetener which means you pay only 10 per cent downpayment and zero-interest for the remaining 24 months. Construction work began in 2007 and the project is expected to be completed by end-2010.

Meanwhile in the leafy Taman Melawati suburb at the north-end of Kuala Lumpur city, developer Mutiara Goodyear Development plans to launch Melawati Nadayu, a high-end residential township comprising 142 bungalow units and 46 superlink units in 2010. The project sits on a 32ha site on a scenic hill area and the developer has already spent RM70 million to prepare the site.

HAVE WE BOUNCE OFF THE BOTTOM OF THE PROPERTY CYCLE?

2009-08-18T01:38:00.000-07:00

Have we bounced off the bottom of the property cycle?

It was barely a year ago that property prices were plummeting.

Since then, the world’s central banks have flooded the markets with an unprecedented liquidity tsunami that has lifted prices of assets like stocks and property. Liquidity comes in many forms, the most evident and tangible is lower interest rates, which immediately lower mortgage costs and allow potential borrowers to borrow more with the same level of disposable income.

It also reduces the returns on deposits which make it more attractive for depositors to redeploy their funds into higher yielding and more speculative assets like shares and property. Other forms of less tangible liquidity measures involve providing cheap funding for banks and printing money.

In China, the liquidity came in the form of generous lending by state-owned banks which boosted lending in the first half of 2009 by 7.37 trillion yuan (RM3.8 trillion) – 2.3 times the amount of loans issued during the same period last year.

Some would argue that policymakers are creating a bigger bubble to counter the effects of the one that just burst. It was the bursting of the property and debt bubble in the United States that precipitated the global financial crisis.

The global liquidity tsunami appears to have succeeded in arresting the fall in global property prices. The mother of all property indices, the Case Shiller Composite 20 Home Index – which measures property prices in 20 US metropolitan cities – saw its first month-on-month rise in May 2009 after falling 33% from a peak in July 2006. The peaking of US house prices was followed by the global financial crisis two years later, so hopefully a bottoming of US house prices is a lead indicator of better economic times. Home prices in the United States are less overvalued after the price correction but are not particularly cheap as they have risen more than the inflation. Nevertheless, the affordability of the homes has improved as interest rates have declined.

The stabilisation of the US housing market is crucial as it means household wealth will also stabilise. Higher household wealth, closely tied to property and stock prices, will boost consumer sentiment. This in turn could boost US consumer spending and, hence, Asian exports. It would also boost the US economy as consumer spending accounts for 70% of the US economy.

However, it would appear that any recovery is likely to be muted as unemployment remains high and households are still deleveraging from high debt levels.

Ironically, a weak recovery and the deflationary effects of excess capacity will allow policymakers to keep interest rates low for a long time. After all, policymakers are unlikely to want to raise interest rates prematurely and be blamed for tipping the economy back into recession. Property prices and transactions in Asian countries like China, Hong Kong, Singapore, Taiwan and South Korea have risen from depressed levels in the first quarter of 2009.

In fact, the prices for the Housing Development Board (HBD) units, in which the majority of Singaporeans live, are at an all-time high. Low mortgage rates of less than 2% in Singapore have helped boost property prices. This is good news for property owners but bad news if you are a new graduate aspiring to own a property.

In Malaysia, lower interest rates, a buoyant stock market and better consumer sentiment have combined to boost demand for properties. Bargain hunters queued for properties launched by Island & Peninsular in Bandar Kinrara and Glenmarie and IJM Land in Jelutong, Penang.

Property companies are generally seeing better demand for property, and property agents are seeing renewed interest from home buyers.

Ironically, the rental market is not improving due to the ample supply of new property at a time when economic activity remains weak. The new supply of high-end condominiums and office space in KL is arising at a time when some multinational companies are downsizing. Higher supply and weak demand are likely to translate into lower rentals but not necessarily lower property prices as the alternative is to invest in deposits yielding only 2%.

This phenomenon has been observed in many countries like Hong Kong, Singapore and Taiwan where rental yields are at only 2% as deposit rates in those countries are at 1% or less. In the end, the effect of this liquidity is to punish the savers and reward borrowers with high risk-taking behaviour. Nothing much has changed despite all the touted reforms and we are on the way to creating a new bubble which would hopefully compensate for the current downturn before it eventually bursts.

In the meantime, property prices and property stocks are likely to rise in the liquidity-induced asset price inflation. The prices of property stocks have risen sharply from their lows in March 2009. The larger property stocks in Malaysia and the region are priced more than one times book. Many smaller property stocks are still trading at below one times book and offer more attractive valuations.

The party is on, the participants are intoxicated with liquidity but when the music stops, make sure you are not the player caught without a chair in a game of musical chairs.

● Choong Khuat Hock is head of research at Kumpulan Sentiasa Cemerlang Sdn Bhd. Readers’ feedback is welcome. Please email to starbiz@thestar.com.my

By The Star (by Choong Khuat Hock)

KLCC Property For Sale - Condo Hot Buys

2009-08-18T01:18:00.001-07:00

Choice Luxury Condo
Latest Price Sep 2011 !!!
Investor Must Check !!!

For inquiry please call or email us at joeyklcc@gmail.com.

1.Idaman Residence - Value buys are being taken up fast!! Secure the under value property now!!

1075 sf, 2 Bedroom, RM8xxpsf SOLD, Good buys going fast!! call us to find out our next hot buy !!

2174 sq ft, High Floor, from RM950psf neg!!! Fantastic view of KLCC and Mountain view. Must see, spacious and bright unit - SOLD last week

2096 sq ft, High Floor, from RM930psf neg

1717 sq ft, popular 3+1 rooms, KLCC view, RM8xx psf neg!

1551 sq ft, 2 rooms, KLCC view, mid floor, RM900psf neg

1075 sq ft, most wanted sizes, 2 rooms, KLCC view, RM1000 psf

Many other hot buys from RM845psf onwards !!!

2. Dua Residency

2315 sq ft, 3+1+1 Rooms , RM800 per sq ft
Hot! 2098sf, 3+1 RM1.62 mil
2315 sq ft, 4+1 rooms, greenary view, low floor RM830psf

2098 sq ft, 3+1 rooms, KLCC view, mid floor, RM810 per sq ft (1,699,380) - SOLD!

3. TROIKA

2356 sq ft, Tower 1, hi floor, Type A3, RM3.89 mil, RM1650 per sq ft, full KLCC view**

2545 sq ft, Tower 1, Type A13, hi floor above sky lobby, RM4.6 mil,RM1820psf, full KLCC view, choice unit, new reduced price**

989 sq ft. Tower 2, Type B4, RM1.48 mil, RM1500 psf , Mid Floor, park view

2245 sq ft. Tower 3, Type C3, RM4 mil , RM1785 psf , High Floor, park view

2142 sq ft. Tower 2, RM4.24M, High floor above sky lobby, park view

** Below current market price!! Find out how to place Pay 20% only now, and the rest 3 months after property handover in Jan 2010. Great savings on interest while waiting on capital appreciation !!!

4. K RESIDENCE

Full Twin Towers And Park View - RM900psf!!! and onwards

Super Hot Deal!! RM805psf, 3400sf, hi floor, klcc view. RM805psf, 2477sf, hi floor, moutain view. email us for more details.

>Click here for more units for sale

5. Marc Residence

RM1066psf , hi floor, beautiful furnished 2 rooms, RM1180psf - Good Buy!!

1626sf, 3+1 rooms, RM1180psf, hi floor, great park view, fully fitted, move in condition. Reduced price

6. AVARE-New Low Price

Very Hi Floor, above 32nd floor - was RM7.90 mil (RM2,078 per sq ft) now 30% marked down!!

Very Hi Floor, above 30th floor - was RM6.84 mil (RM1,800 per sq ft) now 30% down!!! Call for viewing Fantastic and awesome view.

Hi Floor, Level 25 - Was RM6.08 mil (RM1,598 per sq ft) now call ,unbelievable price.!!

Mid Floor was fr RM4.94 mil (RM1,300 per sq ft)Now--> RM1030psf!!!

Very Low Floor, great pool n KLCC view - RM1,100 per sq ft.

Email cklee@megaharta.com for details on these best price !! Let me know if you need guareenteed return scheme. Owner willing to lease back for 2 years 5-7% return.

7. Cendana @ Sultan Ismail
- 2100sf, 2+1 rooms, KL Tower views, Hi floor, RM890 psf, RM1.89 mil, getting hot.. NOW ONLY RM7x0psf
- 4488sf,4+1 rooms, above level 30,4+1 rooms, KLCC view, RM780psf!!! Hot !! Now getting Hotter !!! Revised price RM7x0psf call fast.

8. Hampshire RESIDENCE

2900sf, 1900sf - from RM8x0psf up!!! Unit with tenancy available

Hot Deal!! email us for more details.

>

For a property investment guide on KLCC Hot Properties.
Call Joey 012 337 8878 / Jocelyn 012 307 5622

Many more listings available at More Property Listings

Pavillion Residences Floor Plan,Layout and Photos

2009-07-09T01:21:00.001-07:00

Pavillion Residences For Sale And Rent

2009-07-08T21:00:00.000-07:00

PAVILLION RESIDENCES

Your Six Star lifestyle epitomised by two elegant high-rise towers of 368 luxurious residences set admidst a Sky Garden.
Proudly part of PAVILION KUALA LUMPUR,the 12-acre, residential-retail-hotel-office development at Bukit Bintang, in the heart of the Golden Triangle. The Pavillion Residences awaits your personal impression.

At Pavillion Residences you are papered from the moment you step into the grand lobby and are welcomed by the concierge. Wrap yourself in the serenity of the Sky Garden, a calm oasis where you can indulge in swimming, tennis and a dip in the jacuzzi. Stay energised atthe gymnasium and aerobics studio, or find your zen at the sunken yoga courtyard. For the little ones, there is a wading pool and ample space to play in safety.

Location :	Jalan Bukit Bintang
Tenure :	LEASEHOLD SERVICE RESIDENCE
Total Units :	368 UNITS
Completion :	Completed 2Q 2009
Price (Sale):	from RM1200psf onwards
Rental:	RM6,000 onwards
Built-Up :	1,234sf-7,174sf
Available units :	For SALE, 1509sf,2 rooms, from RM1220 psf 2645sf, 3 rooms, Hi Floor, RM1300psf 1300sf, 2 rooms, very hi Floor, RM1500psf 1234sf, 2 rooms, RM1300psf 680sf, 1 rooms, RM1490psf neg Rental also available. Do inquire. For inquiry please email us for details cklee@megaharta.com. Click here for more photo and floor plan --> Floor Plans

A great location within the famous Bukit Bintang retail and hotel development. Easily acees to Bukit Bintang Shopping area and many prime offices. Accessible from both LRT and Monorial Station.
Location Map :

AVARE - Floor Plan, Site Plan & Units for sales

2009-03-27T03:16:00.000-07:00

THE AVARE.

2011 HOT DEAL AT BELOW MARKET PRICE - MUST SEE !! RM8xxpsf

Awarded CNBC Asia Pacific Award for Best High Rise Category

- Exclusivity & privacy
- Only 2 units per floor.
- High - 41 storey, 78 units.
- Modern and contemporary feel to façade and interior.

The 6-Star Living in KLCC.

A super luxury home that stands tall and elegant in the heart Kuala Lumpur City Centre, fully claded with glass curtain wall complemented by panoramic views of the iconic Petronas Twin Towers, KLCC Park and the capital city's charismatic skyline, from the living, dining area, master bedroom and also master bath!!

For sale (New Price Revised on 26 Mar 09)
- Above 30th floor, SUPER PANOROMIC VIEW - RM1,800 psf with 2 years 7% rental return!! Call NOW.
- above Level 20 - RM5.6 mil (RM1,400 pst)
- Level 9-11 - fr RM4.6 mil (RM1,210 psf) up
- Level 1 - RM3.8 mil (RM980 psf)

Email cklee@megaharta.com. for best price !!

The Avare captivates with immaculate finishes throughout the building, uncompromising in standard and exceptional in quality.

* Low-E glass curtain wall
* Importered designr bath fittings, locksets, switches & finishing
* Fully equipped social kitchen
* Central chilled water air-conditioning
* State-of-the-art security systems
* Broadband access
* 3 covered car park spaces to a unit
* 3.5m floor to floor height
* Large net built-up area from 3,800 sq ft to 7,600 sq ft (Penthouses)

Elegant Lifestyle ! Treat yourself to the best servce you deserve.

* Personal Limousine Service
* Secretarial Services
* Residential Butler
* 24-hour Concierge
* Resident's Lounge & Gym
* Deluxe outdoor pool

Strategically located in a sought after residential address.

Site Plan :

The Meritz

2009-03-27T02:40:00.000-07:00

The Epitome of modern living, Just Completed, Excellent Finishing! Check Out the photo

The Meritz, located within the heart of Kuala Lumpur's Golden Triangle, is the ultimate urban residence created for those who appreciate the finer things in life. All of the 110 units within this 31-storey glass-encased tower offer a panoramic view of the city's enthralling skyline, which further enhances its spacious and chic feel.

Situated next to the Putra LRT KLCC station with easy access to major expressways, this luxurious development makes travelling to all parts of the city easy. It is within 3-minute walking distance to Petronas Twin Tower and the Suria KLCC shopping centre. Bintang Walk and Royal Selangor Golf Club area are just a stone's throw away.

Spending a day at home will be a pleasure with the facilities available at The Meritz. These include a 25-metre lap swimming pool, jacuzzi, sauna, gymnasium and barbeque area. There is also an indoor children's playroom and an external playground to keep the young and playful entertained at all times.

Location :	Jalan Mayang (opposite KLCC Suria)
Tenure :	FREEHOLD
Total Units :	94 UNITS
Completion :	Newly completed Apr 2008
Price (Sale):	from RM1,350psf onwards
Rental:	RM8 psf
Built-Up :	1076sf - 1529sf (typical unit)
Available units :	Completed Mid 2008, for SALE, Latest More than 30% Marked down price 1388sf,2 rooms,Hi Floor,face greenery,RM950psf approx 1388sf,2 rooms,Mid Floor,green view,RM890psf 1133sf,2 rooms,Hi floor,face KL Tower,RM1100psf Rental From RM5,500 pm !! Call or email us for details cklee@megaharta.com.

Location Map :

Bintang Goldhill

2009-03-26T08:48:00.001-07:00

Bintang Goldhilll is a uniquely designed residential complex with 1, 2, 3 and 4-bedroom fully furnished units ranging from 775 to 2,971 square feet. Facilities include a hydrotherapy pool, gym, steam bath and a barbeque pit on its rooftop.

Boasting an uninterrupted view of the Royal Selangor Golf Club, Bintang Goldhill shares the neighborhood with Prince Court Medical Center, Gleneagles Intan Medical Centre and embassies such as the American Embassy, French Embassy & British High Commission. Your home is also close to schools such as the International School of Kuala Lumpur and the Garden International Primary School, as well as hotels like JW Marriott, Ritz-Carlton, Westin and Mandarin Oriental.

Location :	Jalan Tun Razak
Tenure :	FREEHOLD
Total Units :	170 UNITS
Completion :	Completed 1Q 2009
Price (Sale):	from RM750psf onwards
Rental:	RM3,000 onwards
Built-Up :	775sf-2917sf
Available units :	For SALE, 975sf,2 rooms, from RM750 psf 775sf, 1 rooms, RM650,000 1485sf, 3+1 rooms, from RM1,050,000 For inquiry please email us for details cklee@megaharta.com.

An extensive network of expressways like the North-South Expressway, the Ampang-KL Elevated Highway and the SMART Tunnel enable convenient commute. The new KL-Putrajaya Highway nearby also makes Kuala Lumpur International Airport a mere 35 minutes away
Location Map :

Idaman Residences Guareentee 7% return for 2 years

2009-03-22T03:35:00.000-07:00

Idaman Residence

Investors alert!! Great investment strategy, buy at value buy prices (Fr RM950psf) with hassle and worry free, guareenteed 7% return for 2 years, and reap the capital appreciation after market recover 2 years later. Limited units available, act fast!!
Our Agency - Megaharta Real Estate Sdn Bhd is now the sole in house agent for Idaman Residence, many choices for rental and sales. Call us now for viewing anytime everyday from 10:00am till 6:00pm. Fire Sales Very High Floor unit only RM1,000,000. Agents welcome for co-broking

An Oasis right in the heart of Kuala Lumpur's throbbing and vibrant Golden Triangle. Idaman Residence Created exclusively for the discerning and select few, here is the realisation of long harboured aspirations to bring truly world-class condominium living to those who wish to be close to the city's nightlife yet be quietly and securely ensconced in lush greens complete with water bound spa-like surroundings, Prestige truly can't be better placed...

Accessibility
* 2 minute's stroll to the Philharmonic
* 3 minutes amble to the eatries
* 5 minutes walk to high fashion

For inquiry please call or email us at cklee@megaharta.com.

Location :	off Jalan P. Ramlee
Tenure :	FREEHOLD
Total Units :	250 UNITS
Age of Building :	Feb 2009
Price (Sale):	latest price from RM950psf onwards
Rental:	From RM4800 up
Built-Up :	877sf - 2170sf
Available units :	FOR SALE, 957sf, 2 rooms,RM880,000 2100sf,3+1 rooms, hi floor, RM1,000psf up 1717sf, 3+1 rooms,RM950psf up!! All units with comes with high quality kitchen cabinets and fittings. Many more other choices for sales and rental available. Call us for viewing now, agents welcome.

Property News

2009-03-17T07:02:00.000-07:00

Saturday, March 7, 2009
Property market the first to be hit by downturn and the last to recover

Malaysia’s property market is set to enter tougher months ahead, as the negative sentiment from global real estate market hits the nation’s shore.

That is the overall view shared by industry players at the recently-held Rahim & Co seminar 2009.

The one-day event covered a wide range of topics on the domestic economy and property market and included prominent speakers such as economists, former government servants, valuers and property consultants.

Malaysian Institute of Economic Research (MIER) projects Malaysia will have 50% chance of full-year recession this year and is quite certain that the country will dip into technical recession in the first half of this year.

MIER executive director Prof Datuk Mohamed Ariff Abdul Kareem expects the domestic economy to return to normalcy only in two to five years.

He opines the world may witness further economy deterioration, as he sees more companies will collapse within six months times.

He says that typically the property market is the first to feel the strain during an economic crisis and, unfortunately, the last to recover.

Prices trending downwards

As an open economy, Malaysia is not spared from the global financial crisis as well as property market meltdown. Since late last year, the domestic property market has started to show signs of weakening.

Rahim & Co executive chairman Datuk Abdul Rahim Rahman says Kuala Lumpur City Centre’s (KLCC) high-end condominium is heading towards a 15%-20% price depreciation in two to three months.

He says buyers are looking for more realistic pricing, reflecting the current conditions. In a worst-case scenario, he is projecting up to 30% drop in prices over that period.

Average price stands at RM1,500 per sq ft in KLCC presently. In other suburbs such as Bangsar, Damansara Heights and Cheras, he predicts a 10%-15% decline.

Abdul Rahim tells StarBizWeek that rental of office space in KL should not be affected at least until the end of the year but he expects prices to come down after that.

“If I am in the KLCC area, I want to save a little bit of money due to the downturn. I will downgrade my office, which I will reduce from RM8 to RM6 per sq ft. So, the KLCC landlord may have no choice but to reduce by 10% to 15% (to prevent the tenant moving out). But at this time, the rental rates are maintained,” he elaborates.

There will be additional 8 million sq ft of office floor in KL by 2011 or 2012. Currently, the rental rates at KLCC and the KL vicinity are between RM6 and RM8 per sq ft and between RM4 and RM6 per sq ft respectively.

Retail scene

On the retail sector, he says Malaysia is fortunate as there are not many retail centres being planned now or coming on stream. Thus, he says retail space is mostly occupied and rental rates have been maintained. However, he points out that the segment may witness a downtrend should the unemployment rate rise.

Abdul Rahim says the commercial sector is least affected now, but in the long-term, affordable housing will be the least affected by the crisis, as people still need a house to stay in.

Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon advises developers not to be unduly concerned about the external factors such as interest rates and global economy but instead concentrate on their branding.

No matter what the economic cycle is, there are always buyers out there, he says, citing SP Setia Bhd’s recent RM300mil sales which it had chalked up in less than two months largely owing to its financing package promotion.

He concurs with most of the consultants that KLCC high-end properties are seeing a correction now.

“I saw this notice on the sale of a KLCC Marc Residence – “Financial crisis, desperate seller, asking price RM960 per sq ft”, but assuming he sold at RM900 or RM850 per sq ft, he still makes profits if he had bought from the developer for RM650 per sq ft. But the ones who bought at RM1,000 per sq ft and sold at RM800 per sq ft, will be making losses,” he says.

However, he notes that the number of such transactions are few and far between and that the real picture will be revealed by the National Properties Information Centre in a report scheduled to be released in April this year.

The United States’ economy is the backbone of world economic stability.

As such, consumer confidence of the property market will only be restored once the US stabilises.

“The US is in recession but once it stabilises, it will be good news,” says Ho.

Meanwhile, Real Estate and Housing Developers’ Association Malaysia president Datuk Ng Seing Liong concurs that the current world economic crisis will certainly affect the property market.

He expects the sector to trend downwards by 5% to 10% this year.

“There will be definitely a drop in terms of demand and prices but the situation in the country is still under control,” he tells StarBizWeek.

Good time to buy

Ng says this is a good time to buy houses as property is always a good investment.

“We hope that the next stimulus package will bring some goodies to this sector to spur sales and generate economic growth,” he says.

International Real Estate Federation Asia Pacific executive director Yu Kee Su says generally, the prospects of the property market is not so bright but compared to other countries, it is holding steady in terms of pricing.

“Certain areas like Bandar Utama for example is still stable and there has been no drop in prices,” he says.

He feels many developers will scale down their launches as he expects the slowdown to last up until 2010.

By The Star (by K.C.Law & Edy Sarif)

KLCC Property News, March 2009

2009-03-17T06:50:00.000-07:00

Will this help to boost up the KLCC market?
Be bold and courages, buys when everyone sell, sells when everyone buy,
this one interesting ... BUILD when everyone hesitate to.
I have spoken to some developers with loads of cash and not burden by the current economic situation, commented this : " Now , it is the best time to build, low labour cost, low building cost."
But I'm truly impressed that they will have all unit SOLD at the high price tag despite of current soft market situation.
Check this out ....

Tallest Four Seasons coming up in KL
Friday, March 13, 2009

TWO tycoons and a royalty will go ahead and build the RM2.5 billion Four Seasons Place in Kuala Lumpur although a global economic crisis threatens to hurt demand for expensive hotels and apartments.

The much awaited property, located next to the Petronas Twin Towers, will be ready in 2012, says its developer Tan Sri Syed Yusof Syed Nasir.

It comprises a hotel, apartments and a mall, and will be the world's tallest Four Seasons development.

Four Seasons Place is being built by Venus Assets Sdn Bhd, a firm controlled by Ipoh-born tycoon Ong Beng Seng, Syed Yusof and the Sultan of Selangor.

"We are committed to the project even during the downturn as it has a huge multiplier effect," Venus Assets chairman Syed Yusof told Business Times in a rare interview.

It expects to hire contractors for the building in the third quarter of the year.

Venus Assets bought the prime 1.05ha site for RM90 million in 2003 from the estate of the late Khoo Teck Puat, the former major shareholder of Standard Chartered plc, a British bank.

"We received the development order (last December) and we are now evaluating various proposals from the contractors to do the job. We have completed piling works, he said.

Piling work for the building, located between Wisma Central and Menara Maxis, started in 2007, two years after the project was announced.

"There was a pause in the project only because we were redesigning the building in terms of positioning and the composition.

"Previously, the Four Seasons was supposed to encompass two towers, but now it will all be a single 65-storey tower," Syed Yusof said.

The redesigning meant a new proposal had to be submitted to the authorities for approvals and it took time to obtain the green light.

The building, described as futuristic and sleek, will complement the Twin Towers and enhance the Kuala Lumpur skyline.

"We have included a 150,000 sq ft of retail component into the tower. The hotel will have 250 keys of which 150 are hotel rooms and 100 serviced apartments.

"There will also be 140 units of apartments which will be sold," Syed Yusof said.

The entire component will be ready simultaneously and will be managed by Four Seasons.

The apartments, which start from 3,000 sq ft per unit, will be sold for about RM2,500 per sq ft.

"The cost of construction for all components including land and interior design is RM1.4 billion and the estimated gross development value of the project is RM2.5 billion," Syed Yusof said.

When asked what kind of average room rate the hotel may fetch when ready, he said, "Four Seasons is a rate leader with rates which are usually 20 per cent to 30 per cent higher that the existing rate leaders," he said.

The rate leader in Kuala Lumpur City Centre currently garners between RM600 to RM700 in ARR. This means that Four Seasons may lift the bar to between RM800 and RM900 per night.

By Business Times (by Vasantha Ganesan)

TROIKA - 10% P.A Guarentee Return For 2 years

2008-12-16T20:43:00.000-08:00

Award winning Troika offers 2-year capital guarantee program for international investors

The Troika, comprising 3 majestic towers and sitting on 2.13 acres of freehold parcel, is developed by Bandaraya Developments Berhad ( BRDB). Designed and conceptualised by the celebrated Sir Norman Foster, whose detail-orientated architectural designs are described as “finesse of a trapeze”, the three towers are designed with a twisting geometry to maximise the views of the 50-acre KLCC Park, the Petronas Twin Towers and the surrounding cityscape from the primary living areas of the 230 apartments.

A 4-storey perimeter commercial building on ground level known as the Necklace, contains boutique offices, retail outlets and restaurants, wrapped around a centre courtyard of hard and softscapes to offer an urban oasis within the heart of the development. The roof level of this perimeter building accommodates the resident’s indoor and outdoor recreational facilities.

Linked by two glass-encased sky bridges, the three towers are interlinked on level 24 where the sky lobby, with double volume space spanning 24,000 sq ft, commands unrivalled views of the emerging skyline.

All 8 penthouses, 57 Small Office Home Office (SOHO) and 164 standard apartments offer fluid internal organisation to suit individual planning requirements.

Feature Property

Standard apartments from 2,045 sq. ft to 3,285 sq. ft

Bonus !! Price includes built-in Cabinets.

Price: Please inquire.

**This 2-year capital guarantee program is valid until the 31st of December 2008
For more information, please contact:

Joey Lee
cklee@megaharta.com

The Edge Malaysia Top Property Developers Awards 2008 (Top 10)

2008-11-10T20:07:00.000-08:00

As requested by some, here is the list of the Top 10 property developers in Malaysia as judged by The Edge Malaysia, published on 1st Sept 2008 (in alphabetic order):-

Bandar Raya Developments Bhd (Troika, CapSquare, One Menerung)
Bandar Utama City Corporation Sdn Bhd (Bandar Utama, One Utama)
Boustead Properties Bhd (Mutiara Damansara)
E&O Property Development Bhd (Dua Residency, Idamansara, Seri Tanjung Pinang)
IGB Corporation Bhd (Midvalley City, Hampshire Place, One Jelatek, Cendana)
IOI Properties Bhd (Bandar Puteri Puchong, IOI Mall)
Island & Peninsular Sdn Bhd (Seri Beringin Damansara)
S P Setia Bhd (Setia Eco Park, Setia Sky Residences)
Sunrise Bhd (MK10, MK11, Solaris MK)
Sunway City Bhd. (Sunway Vivaldi, Palazzio)

Property mart expected to shake off lethargy next year

2008-08-20T22:58:00.001-07:00

Wednesday, August 20, 2008

The sluggish property market could recover in six to nine months as the supply of materials stabilises and buyers adapt to the higher cost of living.

"In 2009, the cloud will be clearer," said Datuk Michael K.C. Yam, chairman of the Real Estate and Housing Developers Association (Rehda).

Buyers are cautious about buying property after Malaysia hiked the petrol price by 41 per cent in June. Some are having problems getting financing as banks are more strict when giving out loans due to the tougher economic outlook.

"When there is certainty in fuel price and there is regular cement and steel supply at market driven prices, I think people can plan better," Yam told reporters at a briefing in Kuala Lumpur yesterday.

Construction and operational costs have jumped by 30 per cent and 20 per cent each respectively, resulting in prices of new launches increasing by about 20 per cent.

According to Rehda's Property Survey for the first half of this year, the rising costs of building material and fuel have also impacted developers' production delivery.

"Most members reported having difficulties in getting consistent supply of building materials besides their continuously rising price, especially steel and cement," Yam said.

Rehda, with over 1,000 members under its belt, had 135 respondents for its survey, comprising housing and property development companies.

More than half of the respondents said they are launching new projects for the second half of this year. However, new launches in the first half of the year were almost halved compared with the same period last year.

The average number of units to be launched per developer in the second half of this year is 152 units, lower than the 169 units in the same period last year.

By New Straits Times

Hot News - KLCC condos: The Path Ahead

2008-08-20T22:30:00.000-07:00

Thursday, August 7, 2008

The Idaman Residence project in KLCC is expected to be completed by early 2009 and will have 248 condo units that span 800sq ft to 1,900sq ft.
With the weakening property market, the next six months will be an interesting period for luxury condominium developments in the Kuala Lumpur City Centre (KLCC) area as investors, speculators, developers and property agents assess whether the market can sustain current prices and maintain projected yields.

According to SK Brothers Realty Sdn Bhd general manager Chan Ai Cheng, buyers of KLCC condos belong to a very specific segment of the property market. They would only be marginally affected by economic conditions. They would have the necessary “buffer” to cushion themselves against any market uncertainties and sail through.

Chan Ai Cheng: Whether KLCC condos - priced at around RM2,000 per square foot - are still worth buying will depend on the “investment appetite” of the buyer.

KLCC condo prices are still the cheapest in the region, and with rising construction costs which have gone up 30-40%, it is very unlikely to see prices falling. Some units are going to be owner-occupied, therefore it is not a 100% investment market for KLCC condos. Owner-occupiers want the address and location. Yield doesn’t matter to this category of owners.

In the long term, property prices will still be on an upward trend. With rising inflation, the value of money will go down. Therefore, there are people who want to buy property now. Of course, those who are apprehensive of the weakening property market situation will hold back.

Those who have booked condominium units in the KLCC area are generally deemed to be steady investors. They are unlikely to cancel. Their purchase considerations are different from property speculators. But speculators will try to off-load at this point as they went in with very little.

Flippers

Developers refer to speculators as “flippers”, meaning those who will flip a purchase for an immediate profit. And this becomes more apparent when the condo units are handed over and the bank loans need to be serviced. And if there are many competing units offered for sale, buyers in a weak market situation can drive a harder bargain. In any case, speculators who booked a KLCC condo for only RM600 or RM700 per square foot -- some 24 months before the hand-over -- will still make a profit, as prevailing market prices would be at least RM1,000-RM1,200 per square foot or more now.

As to whether prices for KLCC condos have gone up in recent months, Chan can’t rule out such a possibility.

“Why not? In terms of land value, new benchmarks are being set with each new transaction such as Sunrise Bhd’s recent RM180mil purchase of the Wisma Angkasa Raya building (on 1.56-acre freehold land) directly opposite the Petronas Twin Towers for RM2,600 per square foot. Also, the YTL Group paid RM85 million to the Eng Lian Group for a one-acre plot on Jalan Stonor, which works out to RM2,000 per sq ft. There are still a few more parcels of land along Jalan Ampang under negotiations. Developers are not going to price themselves down.”

Chan is also of the opinion that it is unlikely that developers within the KLCC area and the vicinity, will be unable to meet their construction schedule.

“Not that I know of,” said Chan, “In any case, developers in the KLCC area are ‘branded’ with good track records and are considered financially sound. Quite a large majority of the developments are nearing completion around this time. The concern for investors is the issue of ‘rentability’, yield and profitability. But since the initial investment was at a low-entry level, yield should still be okay. That is, if they bought at the initial launch price.”

Whether KLCC condos -- priced at around RM2,000 per square foot -- are still worth buying will depend on the “investment appetite” of the buyer. The purchase will depend on the perceived value of the property to the investor. Different condo projects offer different features.

The fundamental question is the purpose or objective of the purchase. Is it for investment, rental or capital return. The buyer needs to inform the property agent:

· purpose of purchase

· investment criteria that includes size and special features required

· how to finance - with cash or high margin of finance?

If a buyer is in doubt, always go back to the fundamentals which are specific to each individual. Even in bad times, some people can still do well in the property market. But rental yield does not go up in tandem with capital appreciation. This means that if an investor bought a property at a low entry level price, the rental yield will be much more lucrative compared with buying a similar property from a third party.

By The Star (by Johnni Wong)

Park Seven At KLCC - Photo, Floor Plans, Layout, Hot Deals

2008-05-27T08:15:00.001-07:00

Park Seven

Everyday essentials...
sunlight, fresh air, serenity, a sense of freedom

Park Seven comprises seven 20-storey high towers arranged in a radial configuration. This unique footprint ensures maximum natural light and ventilation.
By going back to the basics, Park Seven redefines home as a tropical sanctuary. Its design ensures that everyday essentials, natural light and ventilation, flow seamlessly into the apartment. It also boasts of the rarest luxuries of living in the heart of the city – space. At Park Seven you will enjoy generous living spaces unfettered by columns or beams. Enhanced by the raw beauty of natural materials, Park Seven provides the basis for genuine quality of life.

The Architect’s Philosophy
Park Seven has been designed as “bungalows in the sky”. The 7 rectilinear shaped units per floor are planned radially in two interconnected clusters each served by a central core for maximum external views, natural light and ventilation.

The full height laminated glazing is protected by horizontal ledges acting as sun and rain breakers augmented by low-E glass on the eastern and western facades.

The structural design has been integrated closely with the architecture to achieve column free interiors and flat slab construction for optimal ceiling height and flexibility in planning. The landscape design is a recognition of the architectural modernism and place as well as respect for the integrity of materials used.

The main communal and recreational facilities are planned on the landscaped roof of the ground floor car park podium as a double volume breezeway featuring the lap and heated swimming pools, ponds, coloured glass screens and glazed pavilions enclosing the gymnasium, yoga / pilates, multi-purpose room and children’s play area.

The materials used for construction are left exposed as much as practicable in their natural state. The reinforced concrete structure is exposed and impregnated with a water repellent solution. The aluminium framed glazing system is natural anodized. Galvanized steel gabions with selected stone are used as external feature walls, rolled and perforated steel sheets for entrance gates. Timber is unstained and natural finish. Marble is honed and unpolished.

Features

With spacious layouts and only one unit per floor, Park Seven is truly a “Bungalow in the sky”.

• 270-degree panoramic view
• private lift with key card access
• fully equipped kitchen with appliances
• 2 to 4 car parks per unit
• minimum built-up of 213 sq m (2312 sq ft)
• low-E glass to eastern & western façade
• laminated windows
• column free: flat-slab ceiling
• 3.35 m / 11.0 ft high ceiling
• built-in wardrobe
• fully air-conditioned
• hot water system

For inquiry please call or email us at cklee@megaharta.com.

Location :	Persiaran KLCC
Tenure :	FREEHOLD
Total Units :	105 UNITS
Age of Building :	Expected by 2Q 2008
Price (Sale):	from RM1,600psf onwards
Rental:	RM5-7psf
Built-Up :	2777sf - 7192sf
Available units :	FOR SALE,All unit with Full KLCC Park and Twin towers view Low floor,3083sf, 3+1+1rooms, RM1600psf Mid floor,3083sf, 3+1+1rooms, RM1700psf Hi floor,3083sf, 3+1+1rooms, RM1800psf All units with comes with high quality kitchen cabinets and fittings.

Floor Plan

Location Map

Scheduled for completion by 1st Quarter of 2008.

Latest News : KLCC Overpriced ? (Extract from The Edge Daily , Investment Forum on Real Estate 2008 )

2008-05-20T07:55:00.000-07:00

KLCC NOT OVERPRICED

There is no denying that the iconic Petronas Twin Towers in the Kuala Lumpur City Centre (KLCC) have served Malaysia well as they have put the country on the world map. The towers have not only created a focal point for the country and the Klang Valley, but also added value to the KLCC area where property prices are concerned. Over the last few years, several high-rise luxury projects have been launched and prices for luxury condominiums in the KLCC today have breached the RM2,000 psf mark.

But is there any more upside potential in the KLCC? Or is it all just hype?

Three panellists at The Edge Investment Forum on Real Estate 2008, with the theme "What's hot; what's not", addressed these issues when they presented a paper on "A real estate success story — KLCC: A developer's perspective". They were Glomac Bhd's group managing director Datuk FD Iskandar Mohd Mansor, Bandar Raya Developments Bhd's CEO Datuk Jagan Sabapathy and executive chairman of Beneton Properties Group Datuk Chan Sau Lai.

Moderated by Datuk Richard Fong, president of the International Real Estate Federation (Fiabci) Malaysian chapter and group executive vice-chairman of Glomac, the panel concurred that the KLCC is far from overpriced.

According to FD Iskandar, if one were to compare similar high-end properties in Bangkok, Singapore, Jakarta, Manila and even Ho Chi Minh City, KL's properties are among the cheapest in the region. One of the simplest ways to measure if a city is expensive is to use the Big Mac Index created by The Economist.

FD Iskandar points out that Malaysia has one of the cheapest Big Macs in the world, which means the city is "cheap".

Jagan feels the same way. "I think the dilemma for most of us is that KL is a cheap city but the KLCC is expensive. People find this difficult to reconcile with. The reality is that the city is a cheap place to live in, do business and invest and I think we're beginning to see the fruits of it," says Jagan.

He adds that there is still a lot of domestic liquidity available and although there is a credit crunch in the US and Europe, money is coming in from China, India and the Middle East. "It is common for the Arabs to put money into real estate. All this money has to find a home. The KLCC is an attractive proposition as our interest rates are low."

Malaysia's "fairly decent" economic activity and the huge amounts of investment coming in from the oil and gas and telecommunications sectors have also created more high-paying jobs. Jagan sees this as an impetus for the market. Furthermore, the country's improving educational facilities are proving to be attractive to foreigners looking to send their children overseas for education. "These people will be looking to buy quality properties. There is definitely money to buy and rent," says Jagan.

Looking at the big picture, he says Malaysia has now become attractive to high net worth Malaysians and global citizens who own several homes all over the world. "KL is the best-kept secret in the entire world, but we do an awful job telling people how good it is. I think it's a conspiracy by the rakyat to keep property prices down!"

Jagan was echoing FD Iskandar's point that Malaysia needs to be "rebranded". According to Iskandar, there will always be wealthy people who want the best and are looking for alternatives for their investments. "I believe the KLCC offers the best not only in Malaysia but also in Southeast Asia."

One of the steps that can be taken by the government to attract foreign investors is to market and position KL as an international Islamic financial hub, says FD Iskandar. "We need to focus our efforts on making KL the preferred destination to attract global investors, issuers and high net worth individuals to take advantage of their surplus private and sovereign funds."

FD Iskandar feels that the Malaysia My Second Home programme needs to be marketed better and that this should fall under the purview of the Prime Minister's Department to ensure more efficiency, speedier approvals and seamless inter-ministerial coordination.

The panel also discussed the scarcity of land in the KLCC. According to Jagan, locals and foreigners are picking up land very quickly. "Prices can only go one way — up, and that's the reality of it," he says.

Undoubtedly, the shortage of land will drive prices higher but Jagan says if one were to compare KLCC's prices on a per plot ratio basis, they are still cheaper than those in other cities in the region. "For example, YTL group's recent land purchase at RM2,000 psf in Jalan Stonor. On a per plot ratio, we're looking at a pricing of RM200 to RM300."

Chan, whose company was one of the first players in the KLCC with its Stonor Park project, says it is definitely the place to be today. "It is cool, chic and the place to chill out."

He says there are a few key factors for a successful development — location, good design and timing. "In all major capitals of the world, any development adjacent to, or with a view of iconic landmarks, will always succeed."

"In the KLCC area, projects with a view of the iconic Twin Towers will have a good chance to succeed," he adds.

According to Chan, developers also need not worry if their projects offer good design. "Good designs always sell and at the prices that KLCC properties command these days, they are more than homes. They are a statement of the owner's social standing and the people who live in them," he says.

A case in point is Bandar Raya Developments' Troika. The developer bought the land for RM560 psf in 2004 and priced the units at RM1,000 psf when it launched a year later. The market, says Jagan, reacted accordingly. "People thought we were crazy buying land at that price and even crazier when we began selling. But we had a plan and launched Troika in stages. We were not going to compete on pricing but architecture," he adds.

The strategy has certainly paid off for Bandar Raya. The Norman Foster-designed Troika today has recorded transactions at RM2,500 psf, with a portfolio of investors from over 20 countries.

"There is no hype. What we're seeing is real," says Jagan.

The past few years have certainly seen great changes to the KLCC skyline, with property prices moving at a fast clip, says Chan. He feels that as prices continue to escalate, there are two issues to consider. "First, those who want to and can afford to live in the KLCC area will buy irrespective of price. Second, investors who buy for yield or capital gain will have to consider carefully the state of the rental market."

According to Chan, as the cost psf of KLCC properties increases, condo sizes need to be smaller in order to achieve the same yields. "Moving forward, for the KLCC's property market to grow, expat rental allowance should increase and investor yield expectation should match that of other major cities. For example, rental yield for Hong Kong property in a prime area is about 2% return per year," he adds.

For KL's property market to be on a par with cities such as London, Hong Kong and Singapore, Chan agrees that KL needs to be branded as a financial hub and it has to formulate policies that will allow free movement of capital. "The government should also look at reducing or eliminating stamp duty, waiving the Real Property Gains Tax, placing no limit on the number of transactions and improving the collection of service charges and property maintenance."

Fong says the KLCC is still hot and those looking to invest should do so now. - The Edge Daily

Hampshire Residence - Photo, Floor Plan

2008-05-14T09:05:00.000-07:00

231TR Photo Gallery

2008-05-10T01:45:00.000-07:00

coming soon

KLCC PROPERTY HOT DEALS - FOR SALE !!

2008-05-08T08:00:00.000-07:00

Choice Luxury Condo Available for Sale

CHECK OUT THE LATEST 2009 PRICING HERE >>> http://klcchotprop.blogspot.com/2009/05/klcc-property-for-sale-hot-buys-09.html

For inquiry please call or email us at cklee@megaharta.com.

1. TROIKA

2356 sq ft, Tower 1, hi floor, Type A3, RM3.89 mil, RM1650 per sq ft, full KLCC view**

2545 sq ft, Tower 1, Type A13, hi floor above sky lobby, RM4.8 mil,RM1885 per sq ft, full KLCC view, choice unit**

2245 sq ft. Tower 3, Type C3, RM4.2 mil, RM1800 per sq ft, Mid Floor, park view

2245 sq ft. Tower 3, Type C3, RM4 mil , RM1785 per sq ft, High Floor, park view

2142 sq ft. Tower 2, RM4.24M, High floor above sky lobby, park view

** Below current market price!! Find out how to place 20% downpayment upon signing Sale and Purchase Agreement and the rest get bank financing after property handover in Jan 2010. Great savings on interest while waiting on capital appreciation !!!

2. K RESIDENCE

Full Twin Towers And Park View - from RM1650psf onwards

Hot Deal!! RM1250psf, hi floor, klcc view email us for more details.

>Click here for more units for sale

3. Marc Residence

RM1050psf , a beautiful 2 rooms pool view unit(great pool view) - SOLD!!

1529sf, 3+1 rooms, RM1250psf, hi floor, great city view, fully fitted, move in condition.

4. AVARE

Very Hi Floor, above 35th floor - RM7.90 mil (RM2,078 per sq ft)

Very Hi Floor, above 30th floor - RM6.84 mil (RM1,800 per sq ft)

Hi Floor, Level 25 - RM6.08 mil (RM1,598 per sq ft)

Low Floor , great pool view- fr RM4.94 mil (RM1,300 per sq ft)

Very Low Floor, great pool view - fr RM4.18 mil (RM1,100 per sq ft)

Email cklee@megaharta.com for best price !!

5.Idaman Residence

929 sq ft, 2 Bedroom, SOLD !!

2174 sq ft, High Floor, from RM1200psf / RM2.6 mil

2096 sq ft, High Floor, from RM1200psf / RM2.5 mil

6. Dua Residency

tenanted RM10,500 permth - 2315 sq ft, RM850 per sq ft,> 6% Rental Yield - SOLD!!

Hot! 2098sf, tenanted RM10,500 permth until June 2009, fully furnish, RM1.95mil, 6.5% Rental Yield, act fast!! - SOLD

2098 sq ft, 4+1 rooms, KLCC View, RM830psf Cash Deal Only, call Joey 012-337 8878 fast !!

2315 sq ft, 4+1 rooms, greenary view, low floor, RM905psf ft with extras (wardrobe to all rooms except maid's,fans,lights) RM2,095,075

2098 sq ft, 3+1 rooms, KLCC view, mid floor, RM810 per sq ft (1,699,380) - SOLD!

7. Cendana @ Sultan Ismail
- 2100sf, 2+1 rooms, KL Tower views, Hi floor, RM890 psf, RM1.89 mil
- 4488sf,4+1 rooms, above level 30,4+1 rooms, KLCC view, RM860psf!!! Hot !!

For a property investment guide on KLCC Hot Properties.
Call Joey 012 337 8878 / Jocelyn 012 307 5622

Many more listings available at More Property Listings

The Oval Suites @ KLCC

2008-05-05T20:02:00.000-07:00

Luxurious Living In KLCC

Oval Suites is located along Jalan Desa Kudalari the fringe of KLCC. Boast a total of 140 units of high end Sky Villas and Sky Mansion, this development comprises of 2 oval shape towers. The modern façade of the building is captivating and complete with exquisite finishing. Currently Tower 2 is open for sale.

Location :	Jalan Desa Kudalari
Tenure :	FREEHOLD
Total Units :	140 UNITS
Completion :	1Q 2009
Price (Sale):	from RM1,350psf onwards
Rental:	NA
Built-Up :	3750sf (typical unit) 7000sf (Sky Mansion)
Available units :	cklee@megaharta.com.

MARC Residence

2008-04-18T19:41:00.000-07:00

Marc Service Residence is strategically located across Petronas Twin towers, Mandarin Oriental Hotel, Suria KLCC & KL Convention Centre and neighbour to Ascott Serviced Apartment.

Completed in July 2007, this brand new freehold development with a prestigious address is designed for urban living with full recreational facilities & hotel services such as concierge, housekeeping & F&B services. Units ranges from studio/1/2/3 & 4-bedroom apartments.

Beautifully landscape facilities deck with view to the famous KLCC twin towers.

More photo on Marc Photo Gallery

Location :	Jalan Pinang
Tenure :	FREEHOLD
Total Units :	635 UNITS
Completion :	Completed mid 2007
Price (Sale):	from RM1,200psf onwards
Rental:	RM6-8 psf
Built-Up :	636sf-2900sf
Available units :	For SALE, 1529sf,3+1 rooms,above level 30, already part furnised, ready to rent, RM1250 psf only 1626sf, 4+1 rooms,above level 20, RM1250psf 2900sf, mid floor, RM1200psf 1007sf, 2 rooms, mid floor, pool view, RM1280psf 1030sf, 2 rooms, mid floor, pool view, RM1250psf 970sf, 2 rooms, Hi floor, city view, fully furnished, RM1280psf Many others for sale and Rental Available too please call or email us for details cklee@megaharta.com.

Location Map :

Marc Photo Gallery

2008-04-18T04:14:00.001-07:00

Gallery @ Uthant

2008-04-17T01:48:00.001-07:00

Gallery@U-Thant, located in the exclusive embassy enclave of Jalan U-Thant, is a low density, boutique condominum. It will offer only 50 units (42 standard units and eight duplexes). The two-block 10-storey condominuium development will have three units on every floor.

Gallery@U-Thant incorporates a luxurious and contemporary design with lush, tropical landscaping. It also has a roof top garden, a 50-metre pool, gym (indoor and rooftop), a reading room and a squash court.

The development is purported to include a few “firsts” in its concept, which features a wholesome holistic lifestyle or spa living with every unit having its own pool (except for ground floor units), lanai, garden and home office.

Each apartment will also have a private lift leading into individual units.
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For inquiry please call or email us for details at cklee@megaharta.com.

Location :	Jalan Madge
Tenure :	FREEHOLD
Total Units :	50 UNITS
Completion :	Expected by 2 Qtr 2009
Price (Sale):	from RM1150psf onwards
Rental:	N/A
Built-Up :	The standard units have 3,204 sq ft to 4,562 sq ft built-up area. The duplexes, with a built up of 6,608 sq ft.
Available units :	FOR SALE, 4045sf, 3+1 room, Hi Floor, KLCC & RSGC View, from RM1150psf Duplex 6608sf, hi floor, RSGC Golf Course view, RM1250psf

One KL

2008-04-16T22:07:00.000-07:00

94 Apartments,
95 Swimming Pools

ONE KL, with a uniqueness that is its own, incorporates the power and grace of water as an all-important design element. Creating architectural perfection, ONE KL’s 95 glass-edged infinity pool complement 94 apartments, in an iconic feat bent on redefining the limits of creation. Your private address is located in the heart of Kuala Lumpur, in command of a visual paradise unlike any other. Designed by award winning architects, world class engineers and internationally renowned building contractors, your new home is the bar of sophistication.

A place where dream becomes reality. 21 feet high ceilings, full height glass walls, private lift access for each apartment, and a glass-edge infinity pool in each unit.
ONE KL is a new 94-unit condominium project, consisting of all duplex units, each with its own private swimming pool and lift operated by fingerprint access. With 3 basement car parks, ONE KL is sports car friendly. Designed by award winning architects and world class engineers, each phase of development is meticulously scrutinised and constantly tested, ensuring no stone is left unturned.

Towering at 155 meters high, this 35-storey condominium development marks an important step forward, in changing not only the world of architecture and engineering, but also lifestyles and communities. ONE KL is all about bringing expectations of the future to the present day.

For inquiry please call or email us at cklee@megaharta.com.

Location :	Jalan Pinang
Tenure :	FREEHOLD
Total Units :	94 UNITS
Completion :	Expected by 1Q 2009
Price (Sale):	from RM2,000psf onwards
Rental:	N/A
Built-Up :	3285.6sf onwards
Available units :	Few Units Avaiable for SALE, Type A1, Size of 3,285.6 sq ft, from RM2,100 psf, RM6.9mil Type C1, Size of 3,664.2 sq ft, RM2,000 psf, from RM7.33mil

K-RESIDENCE

2008-04-16T05:28:00.000-07:00

K RESIDENCE, one of the very few iconic development in the KLCC area that’s enjoys an uncompromised and spectacular view of the KLCC twin towers.

The development consists of 188 units of luxurious condominiums in a stunning 50-storey glass tower, situated just across the road of the famous KLCC Suria Shopping Centre.

Built above Avenue K, an 8- storey fashion and lifestyle centre, provides a unique shopping experience, numerous restaurants, cafes, art museum, children’s centre, roof garden and award winning spa, grocer and many other services and amenities for one stop convenience. Avenue K aims to be the gathering place for a community energized by fashion, art and culture.

Click here for more photo and the location map

Location :	Jalan Ampang
Tenure :	FREEHOLD
Total Units :	188 UNITS
Completion Date :	Expected by 2 Quarter 2008
Price (Sale):	from RM1,700psf onwards
Rental:	N/A
Built-Up :	1405sf to 7000sf
Available units :	FOR SALE, Level 27-31, 3500 sq ft KLCC View, Type E, fr RM1,700 per sq ft Level 6-16, 1400 sq ft KLCC View, Type A,fr RM1,800 per sq ft Level 20-32, 1900 sq ft KLCC View, Type D, fr RM1,800 per sq ft Super Luxury Triplex Penthouse, approx 7200sf, RM17 mil

For inquiry please call or email us at cklee@megaharta.com.
Floor Plan :

Cendana

2008-04-15T22:34:00.000-07:00

CENDANA - Life Is For Living

An innovative concept that brings a new exciting lifestyle to luxury living - a freehold high-end residential condominium with its own facilities complemented by the services offered by a 5-star hotel.

A sky bridge links Cendana to Renaissance Kuala Lumpur Hotel enabling residents easy access to every imaginable pampering of a hotel. With this arrangement, you can have the option to enjoy cleaning services, housekeeping, laundry, concierge as well as food and beverage catering services.

This development is by Tan & Tan (IGB), a very reputable developer in Malaysia for its excellence track record in delivering high quality development that gives very handsome return on capital appreciation and rental.

Great accessibility with the convenience of concierge, Rapid and STAR LRT just right at its door step.

It boast a total 144 units. It comes with great facilities such as 24m lap pool, state-of-the-art Gymnasium, wading pool, open air terrace & well furnished function room. Only 3 units per level, this exclusive development comes with a minimum size of 2195sq ft to a max of 5091 sq ft. Each unit comes with quality floor finishes such as marble flooring and Burmese Teak floor.

For inquiry please call or email us at cklee@megaharta.com.

Location :	JALAN SULTAN ISMAIL
Tenure :	FREEHOLD
Total Units :	144 UNITS
Age of Building :	Expected by 2 Qtr 2008
Price (Sale):	from RM900psf onwards
Rental:	RM5.00psf
Built-Up :	2195 sf to 5091sf
Available units :	Various units FOR SALE, 2100sf,2+1 rooms,hi floor,KL Tower View,RM900psf 2500-2600sf,3+1 rooms, hi floor, Lake view,RM930psf up 4488sf,4+1 rooms, above level 30,4+1 rooms, KLCC view, RM860psf!!! Hot !! 4488sf,4+1 rooms, above level 30,4+1 rooms, KLCC view, RM900psf

Location Map :

K RESIDENCE - More Photos and Location Map

2008-04-15T15:32:00.000-07:00

A breath-taking night view of K Residence and KLCC Twin Towers.
Living Area looking out to the Twin Towers.
Imported, high quality and fully fitted Kitchen will be provided.

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