Update on Melawati Gaya Apartment

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.

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Floor Plan of Each Units

Image of Desa Putra & Management

This will definitely lower down the standard perceived by potential secondary purchasers and tenants. This also reflect the standard and ability of condo's management which most first hand purchaser expecting better value, quality and image. You will not see this type of banner hanging outside property developed by IGB, MRCB, IJM, Tan & Tan, Sunrise, Kiara etc.

StanChart sees OPR at 2.7% by mid-year

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.

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