Only Bukit Bintang

Gaya Apartment, Melawati brisk sale in 4 months for all 240 units in April, 2009. Now construction is in advance stage, expecting to be ready by middle of 2011. The lifestyle centre (shopping, office, service apartment) between Urban 1 and Urban 2 is expected to official kicked off end of this year.

For investor who invested in Gaya Apartment April/May 2009, it is now construction in progress in a very fast pace. With current pace of progress, I expect the construction will complete by end of this year. Probably the Certificate of Fitness/CCC will be issue by early next year which then will hand over the apartment to buyer. The lifestyle centre which comprise of a shopping mall, a office block and a hotel/service apartment is expected to be announce soon, the potential en bloc buyer is a singaporean company.

good article to share (read full from the following link).... Properties located within the proximity of LRT stations enjoy fair capital gains and higher rental yields, as long as they are located within a fair distance away. Residential properties that directly face the stations, however, are not as desirable as the units further in. There is also concern of traffic congestion around the area. Properties will have no advantage if they are located close to LRT lines with no stations nearby. Chan Ai Cheng, general manager of S.K. Brothers Realty (M) Sdn Bhd opined that the proximity of LRT services is definitely a plus point to properties nearby as it is a convenient and fast alternative mode of transportation. She said, “Presently in Petaling Jaya (PJ), we can see the number of buyers outweighing the number of units in the market for sale at the Amcorp Service Suites. Owners there are most happy with the returns as some are as ...

To give you more confident on Plaza Melati, please read the story below. In 2007, my brother bought a 2 room flat in section 1, Wangsa Maju, Setapak. This is a 5 storey walk up flat and was built on 1989, the earliest project in so call Bandar Baru Wangsa Maju. My brother unit is on the 2nd floor with about 580sf, and it is about 300 meter away from Wangsa Maju LRT Station. After took over the flat, we tiled the floor (original was cement slab), provide a small fridge and a washer and repainted the flat. My brother bought at a good price after a tough negotiation. Currently it is rented out at RM700 and it is more than 10% net rental return. The success of this investment because:- 1. Near LRT station 2. Near Shopping Mall - Alpha Angle and Jusco 3. Easily connected to MRR2, DUKE, Jln Jelatek, Jln Genting Kelang, AKLEH 4. Primary and Secondary just near by 5. Near to College and University 6. Foods and restaurant are plenty 7. Near to KLCC, 15 mins through LRT 8. Setapak is growth area...

25 persons registered to buy Plaza Melati now, there are more to come. PUCHONG: Standard Chartered Bank Malaysia Bhd expects the overnight policy rate (OPR) to gradually increase to 2.7% by mid-year from 2% currently. Interest rates would start rising from the end of the first quarter, Bernama quoted managing director and chief executive officer Osman Morad as saying yesterday. “I think Bank Negara has released a statement to make it very clear that it is concerned about growth and we will probably see a rise in OPR. (Based on) our own internal forecast, we’ll see a possible two or three increases,” he said after the opening of the bank’s newly relocated branch in Bandar Puteri Puchong.

15 buyers registered with me within a week now. My colleague also got more than 10 buyers already. The property near LRT station continue to do well during 2008-2009 financial crisis (subprime of US). The condo price increase by 10%-20% depending on the location, age (of property), and infrastructure. Wangsa Maju LRT Station- Metroview Condo (handover in Feb/March 2008) increased by almost 20% comparing from handover time till now. The rental return continue doing well and it is almost 100% occupancy. Menara Alpha Condo (10 years old condo) price increased by about 15% from Q2'08 till now. The occupancy is 100% and rental return is better than metroview in term of percentage. Sri Rampai LRT Station (yet to open)- Desa Putra Condo - price increase by another 20% from Q2'08 till now, the price is almost double comparing to developer price. Riana Green East - although key has not been handover, but the price already gone crazy by increase of about 40% comparing with developer pric...