SS2/61 Petaling Jaya Selangor Ground Floor Shop To Let

SS2/61, Petaling Jaya, Selangor

Subject Property:-

ID NUMBER : MYS - CS(R) 5

RENTAL PRICE

• Ringgit Malaysian Twelve Thousands ( RM12,000. ) only.  Rented Out !!

LOCATION

• Located at the heart of SS2 township,within vicinity of new opening SS2 Mall and many bridal shops;
• Strategically readily access to Damansara Utama ,Damansara Jaya, Section 17 (Proposed where MRT Station located ) Taman Tun Dr Ismail etc;

PROPERTY DESCRIPTIONS

• Property Type : Ground Floor Shop;
• Occupancy : Tenanted;
• Land Area : 24' X 70' ;
• Built Up : 1,680 sf;

• Availability :  1/11/2012;
• Entrance Direction : Not Known;
• Frontage : Car Park & Selera Makan SS2 ;
• Position : Intermediate;
• Number of Storey : 3 1/2 Storey; 
• Amenities : Clinics, Eateries, Showroom, Public Transport, Banks; 
• Furnishing : Existing Partitions, Lightings etc To Remain Subject To Negotiation; 
• Suitability : Showroom, Food & Beverage Business, Trading House etc. 

Please quote ID number above when contacting us

Contact : Alvyn Goh at 6 016 3111313

                 Senior Real Estate Agent

Email: inter.realestate.network@gmail.com

Disclaimer of Liability

Note that any properties listed as available at this material time for sale or rent herein may at any time be withdrawn, sold or rented out without any prior notice for any reason(s) whatsoever and our real estate agency or our agents shall not be held any liability whatsoever to prospective Purchaser or Tenant for the reasons specified above of such withdrawal.

The photographs shown and informations provided herein are solely for general identification and genuinely in good faith provided to be true at this material time. However, our real estate agency and agents make no representation or warranty as to their absolute accuracy or the actual condition of the property(ies).

3 Storey En Bloc Shop To Let At Prime SS2, Petaling Jaya, Selangor

SS2/66, Petaling Jaya, Selangor

Subject Property:-

ID NUMBER : MYS - CS(R) 4

RENTAL PRICE

• Ringgit Malaysian Thirteen Thousands ( RM13,000. ) only.  Rented Out !!

LOCATION

• Located at the heart of SS2 township,within vicinity of new opening SS2 Mall and many bridal shops;
• Strategically readily access to Damansara Utama ,Damansara Jaya, Section 17 (Proposed where MRT Station located ) Taman Tun Dr Ismail etc;

PROPERTY DESCRIPTIONS

• Property Type : Shop Offices;
• Occupancy : Tenanted;
• Land Area : 24' X 70' ;
• Built Up : 5,040 sf;

• Availability :  Vacant Possession, Longest 2 Months Upon Securing New Tenant;
• Entrance Direction : Not Known;
• Frontage : Face Link Houses;
• Position : Intermediate;
• Number of Storey : 3 Storey En Bloc; 
• Amenities : Clinics, Eateries, Showroom, Public Transport, Banks; 
• Furnishing : Existing Partitions, Lightings etc To Remain Subject To Negotiation; 
• Suitability : Showroom, Food & Beverage Business, Trading House etc. 

Please quote ID number above when contacting us

Contact : Alvyn Goh at 6 016 3111313

                 Senior Real Estate Agent

Email: inter.realestate.network@gmail.com

Disclaimer of Liability

Note that any properties listed as available at this material time for sale or rent herein may at any time be withdrawn, sold or rented out without any prior notice for any reason(s) whatsoever and our real estate agency or our agents shall not be held any liability whatsoever to prospective Purchaser or Tenant for the reasons specified above of such withdrawal.

The photographs shown and informations provided herein are solely for general identification and genuinely in good faith provided to be true at this material time. However, our real estate agency and agents make no representation or warranty as to their absolute accuracy or the actual condition of the property(ies).

Ground Floors Shop For Rent At Section 19 Petaling Jaya, Selangor

Section 19, near to SS2, Petaling Jaya, Selangor

Subject Property:-

ID NUMBER : MYS - CS(R) 3

RENTAL PRICE

• Ringgit Malaysian Fifteen Thousands ( RM15,000. ) only.  

LOCATION

• Located near to heart of SS2 township,within vicinity of new opening SS2 Mall;
• Strategically readily access to Damansara Utama ,Damansara Jaya, Section 17 (Proposed where MRT Station located ) Taman Tun Dr Ismail etc;

PROPERTY DESCRIPTIONS

• Property Type : Shop Offices;
• Occupancy : Vacant;
• Land Area : 44' X 80' ;
• Built Up : 3,520 sf;

• Availability :  Anytime;
• Entrance Direction : Not Known;
• Frontage : Face Main Road
• Position : Intermediate;
• Number of Storey : 2 Adjoining Ground Floors With Partition Wall Removed ; 
• Amenities : Clinics, Eateries, Showroom, Public Transport, Music School, School; 
• Furnishing : Partition Rooms, Plaster Ceiling With Down Lighting, Floor Tiled;
• Suitability : Bridal Shop, Car Showroom, Bathroom & Kitchen Accessories Showroom etc. 

Please quote ID number above when contacting us

Contact : Alvyn Goh at 6 016 3111313

                 Senior Real Estate Agent

Email: inter.realestate.network@gmail.com

Disclaimer of Liability

Note that any properties listed as available at this material time for sale or rent herein may at any time be withdrawn, sold or rented out without any prior notice for any reason(s) whatsoever and our real estate agency or our agents shall not be held any liability whatsoever to prospective Purchaser or Tenant for the reasons specified above of such withdrawal.

The photographs shown and informations provided herein are solely for general identification and genuinely in good faith provided to be true at this material time. However, our real estate agency and agents make no representation or warranty as to their absolute accuracy or the actual condition of the property(ies).

Office For Rent At Pusat Bandar Puchong, Selangor

Pusat Bandar Puchong, Selangor

Subject Property:-

ID NUMBER : MYS - CO(R) 1

RENTAL PRICE

• Ringgit Malaysian One Thousand Five Hundred Fifty ( RM1,550. ) only.  

LOCATION

• Located at Jalan Bandar of Pusat Bandar Puchong township,within vicinity of Tesco hypermarket;
• Strategically readily access from Lebohraya Damansara Puchong (LDP ) and near to Puchong Jaya, IOI Mall, Bandar Puteri Puchong and near MRT Station construction site;( Google Site Map link http://goo.gl/maps/zEp3M )

PROPERTY DESCRIPTIONS

• Property Type : Office;
• Occupancy : Vacant;
• Land Area : 22' X 70' ;
• Built Up : 1,540 sf;

• Availability : Anytime;
• Entrance Direction : Not Known;
• Position : Intermediate;
• Number of Storey : Second Floor of 4 Storey Shopoffice;
• Amenities : Clinics, Hypermarket, Eateries, Public Transport, Banks, Pet Shops, Book Shops etc; 
• Furnishing : Ready Partition Rooms;

Please quote ID number above when contacting us

Contact : Alvyn Goh at 6 016 3111313

                 Senior Real Estate Agent

Email: inter.realestate.network@gmail.com

Disclaimer of Liability

Note that any properties listed as available at this material time for sale or rent herein may at any time be withdrawn, sold or rented out without any prior notice for any reason(s) whatsoever and our real estate agency or our agents shall not be held any liability whatsoever to prospective Purchaser or Tenant for the reasons specified above of such withdrawal.

The photographs shown and informations provided herein are solely for general identification and genuinely in good faith provided to be true at this material time. However, our real estate agency and agents make no representation or warranty as to their absolute accuracy or the actual condition of the property(ies).

Factory To Let At SS26 Mayang Jaya Industrial Park, Petaling Jaya, Selangor

SS26, Mayang Jaya Industrial Park, PJ, Selangor

Subject Property:-

ID NUMBER : MYS - IFW(R) 1


RENTAL PRICE

• Ringgit Malaysian Four Thousands Four Hundred ( RM4,400. ) only. Rented Out !!                        

LOCATION

• Located at Mayang Jaya Industrial Park , Petaling Jaya;
• Immediate neighbor is SS24 Taman Megah, SS25 Taman Mayang and next to complex where Lincoln's College is and formerly tenanted by Lim Kok Weng's Institute and near to Kelana Jaya Light Railway Transit (LRT) Station;( Google Site Map link http://goo.gl/maps/pAK5 )

PROPERTY DESCRIPTIONS

• Property Type : Terrace Factory;
• Occupancy : Vacant;
• Land Area : 27' X 80' ( 2,160 sf ); 
• Built Up : 3,240 sf 

• Position : Intermediate;
• Number of Storey : One & Half;
• Condition : Fair;
• Amenities : Within the vicinity of Kelana Jaya LRT Station. 

Please quote ID number above when contacting us
Contact : Alvyn Goh at 6 016 3111313   

                 Senior Real Estate Agent

Email: inter.realestate.network@gmail.com

Disclaimer of Liability

Note that any properties listed as available at this material time for sale or rent herein may at any time be withdrawn, sold or rented out without any prior notice for any reason(s) whatsoever and our real estate agency or our agents shall not be held any liability whatsoever to prospective Purchaser or Tenant for the reasons specified above of such withdrawal.

The photographs shown and informations provided herein are solely for general identification and genuinely in good faith provided to be true at this material time. However, our real estate agency and agents make no representation or warranty as to their absolute accuracy or the actual condition of the property(ies).

Prime Land in KL Malaysia Up For Sale

3 plots of adjacent freehold prime land at Jalan Tuanku Abdul Rahman, Kuala Lumpur measuring approximately 2.90 acres or 126,745 sf for sale at RM3,500.00 per square feet. Only interested parties, may contact Alvyn Goh at +6 016 311 1313.

Property sector continues to be on solid ground

Looking good: Lim reading the property market report. With him is Valuation and Property Services Department director-general Datuk Abdullah Thalith Md Thani.

KUALA LUMPUR: The property market would continue to be active this year, supported by various government initiatives under the 10th Malaysia Plan and Budget 2012, said Deputy Finance Minister Datuk Donald Lim.

“Last year, in terms of construction activities, the higher number of new unit starts and building plan approvals signified the confidence of developers and investors,” said Lim at the launch of Malaysia’s Property Market Report 2011.

According to the report, the performance of the residential sub-sector would be sustained, while vacant space in the office and retail sub-sectors is expected to be absorbed as more space is taken up during the progress of the country’s Economic Transformation Programme.

However, Lim also pointed out that the Government was worried about the emergence of a real estate bubble.

“We do not want a United States subprime mortgage crisis in Malaysia. We noted that a lot of foreigners from the Middle East and China are keen on buying properties here,” he said.

Lim said the Government would intervene when property prices were seen to have “shot up too high.”

“As such, measures such as the implementation of the maximum loan-to-value ratio of 70% for the third home and Bank Negara’s responsible lending guidelines were taken.”

According to data on Bank Negara’s website, the amount of loans applied for purchases of residential property increased by 17% year-on-year in the first two months of 2012 to RM26.7bil.

The amount of residential property loans approved during the period was RM12.25bil, which was 2.7% higher compared to a year earlier.

Last year, the property market performed strongly with the value of transactions rising 28.3% to RM137.8bil. Volume rose 14.3% to 430,403 transactions.

The report stated that market activity was led by the residential sub-sector, which had a double-digit expansion of 18.9%.

This was followed by the development land (14.7%), commercial (9.7%), industrial (6.5%) and agricultural (4.6%) sub-sectors.

In terms of value, all sub-sectors registered double-digit growth with two sub-sectors surpassing 50%, namely agricultural (65.4%) and development land (54.8%).

Despite more units launched, the performance of the residential market improved last year. In 2011, there were 49,290 units of new launches which achieved sales of 46.3%, compared with 47,698 units with 45.7% sales in 2010.

Selangor, Johor and Perak offered the most number (51.2% or 25,216 units combined) of new launches in the country.

In terms of market share, the residential sub-sector dominated with 62.7%, followed by the agricultural (19.7%), commercial (10.1%), development land (5.0%) and industrial (2.4%) sub-sectors.

The residential sub-sector also took up a 44.9% share of the transaction value in the market. Last year, there were 269,789 residential property transactions worth RM61.83bil, which was the highest recorded in the last five years.

Selangor retained the lion’s share by capturing 27.9% (75,344 transactions) of the country’s total transactions.

The demand for high-end units priced above RM500,000 had increased, with 21,905 transactions last year (compared with 16,782 transactions in 2010).

“This could be attributed to the increase in affordability level and supported by the ease in borrowing as well as attractive loan packages offered by financial institutions.”

By property type, terraced houses captured 36.6% (98,597 units) of residential transactions, of which about one-third were transacted in Selangor.

As at the end of 2011, there were 4.51 million existing residential units with 584,546 units in the incoming supply.

According to the report, the Malaysian All House Price Index had surged to 156.9 points in the fourth quarter of last year, compared with 147.2 points a year earlier.

The Star

Malaysia moves to avoid property bubble

Malaysia registers an average 6.6 per cent jump in home prices in the fourth quarter of last year, an official says

KUALA LUMPUR: Malaysia is taking "strict measures" to avoid a US-style subprime mortgage lending crisis, after reporting an average 6.6 per cent jump in home prices in the fourth quarter of last year, an official says.

"The government is worried about property prices causing a bubble, and we don't want banks to over-lend to the property sector," Deputy Finance Minister Datuk Donald Lim said here yesterday.

"We are seeing a lot of foreigners from Middle East and China keen to buy properties in Malaysia."

Housing loan applications jumped 46 per cent in February from a year earlier to RM14.96 billion, according to data on Bank Negara Malaysia (BNM)'s website. 

BNM last tightened mortgage lending rules in November, limiting the loan-to-value ratio for people taking third mortgages to buy homes.

Hong Kong and Singapore have also taken steps to rein in the housing markets to tame inflation.

Malaysia has no plans to require banks to hold more capital to support housing loans to reduce risk, BNM governor Tan Sri Dr Zeti Akhtar Aziz said on March 9, when the central bank left borrowing costs unchanged at 3 per cent.

BNM tightened credit card lending rules on March 18, capping limits for lower-income earners as a pre-emptive move to ensure household debts remain "resilient", its deputy governor Nor Shamsiah Mohd Yunus said at the time.

Construction sector to gain more

The kickoff of the country's largest infrastructure project the Klang Valley My Rapid Transit (KVMRT) could spark re-ratings across several sectors starting with the construction sector which is the direct beneficiary.

A flurry of construction jobs which would swell up the order books of companies by leaps and bounds, is expected to be announced over the next six months as the multi-billion MRT development, which is six months behind schedule, strives to play catch up.

To kick-start, MRT Co has appointed IJM Corp Bhd (IJM) and Ahmad Zaki Resources Bhd (AZRB) for the construction of viaduct guideways and other associated works.

MRT Co is the project and asset owner of the MRT.

The two separate multi-million contracts at RM974mil and RM764mil for IJM and AZRB respectively are part of eight complete packages in the elevated civil works portion one of the largest portions of the MRT project.

There are a total of 90 work packages for the entire first MRT line, providing ample jobs for virtually everyone in the consruction industry and including those in building materials and property.

MRT Co chief executive officer Datuk Azhar Abdul Hamid says six more of the eight major packages are expected to be awarded within the next six months.

Of the eight, five will be from the open tender category while three contractors will come from the bumiputra category.

“It should be a fast process as we already have a pre-qualified list,” he says.

While the margins of contractors cannot be predicted, analysts have said that technically, margins for MRT works should be higher than the 5% earned by contractors who worked on the light rail transit or LRT system given the higher complexities and financial risks of the former.

Among those on the pre-qualified list for the elevated civil works portion, analysts have singled out a few companies which are likely beneficiaries based on several factors.

One of this is Naim Engineering Sdn Bhd, a wholly-owned unit of Sarawak's largest property developer and construction firm Naim Holdings Bhd.

Reports point out that Naim's construction and engineering arm has a track record of completing more than RM2.7bil worth of projects either on time or earlier and within budget.

This should augur well for the company since the ability to stick to a strict timeline and within stipulated costs is vital in a mega project like the MRT.

Naim has experience in projects involving road, bridges and buildings for both the Government and private sector.

It is also a pre-qualified candidate in all of the elevated works portion of the project including civil, stations and depot jobs as well as being represented both in the open and bumiputra tender categories.

Besides Naim, AmResearch construction analyst Mak Hoy Ken says for the remaining six elevated civil work packages, he likes IJM, Sunway Holdings Bhd and Malaysian Resources Corp Bhd as possible contenders, for their solid track records in delivering major construction and property projects.

HwangDBS Vickers Research chooses IJM, Sunway, Muhibbah Engineering (M) Bhd and TRC Synergy Bhd as possible recipients, all of which have been pre-qualified for all elevated works including civil, depots and stations.

Azhar says that he does not rule out the possibility of IJM and AZRB being awarded with contracts again despite being the chosen ones in the first round.

“There is a possibility, yes,” he tells StarBizWeek.

On the tunnelling portion - which is the single largest portion of the MRT project valued at about RM8bil, HwangDBS says it is optimistic that the MMC Corp Bhd-Gamuda Bhd joint venture would win the bid despite stiff competition including from foreign parties.

The result of this should be known by April.

“Conventional wisdom suggests it is best to keep this MRT project domestic with a stronger multiplier effect on the economy, especially with possibly slower gross domestic product growth in 2012,” the research house says.

Gamuda is jointly appointed with MMC as the project delivery partner for the entire MRT project.

Additionally, the joint-venture is the only pure local party with bumiputra interest, and therefore would be accorded a 7.5% tender pricing advantage; it also has an edge over its competitors in terms of having better understanding of Malaysia's soil conditions and experience in completing the SMART Tunnel.

As for the initial spillover to other parts of the economy, AmResearch's Mak says the imminent roll-out of MRT jobs is expected to first prod renewed focus on building material players.

“Our initial checks indicate that the Sungai Buloh-Kajang line alone may require 500,000 tonnes of steel, with the maiden orders likely to kick-in by the end of the first half of this year.

“This should benefit Ann Joo Resources Bhd and Lion Industries Corp Bhd, both in steel and Lafarge Malayan Cement,” he says.

The Sungai Buloh-Kajang line is the first line out of three under the entire MRT plan.

According to MRT Co, line two, the circle line (MRT 2) and line three (MRT 3) should be completed by 2020 and are expected to cover the regions of Kuala Lumpur and the north-west corridor of Greater Klang Valley which includes linking Sungai Buloh, Kepong and Selayang with the eastern half of the city centre (including Kampung Baru and the Kuala Lumpur International Financial District).

With such a strong pipeline of multi-million projects just waiting to flow into the order books of the local boys, there remains the huge cloud of political risk with the impending general election. Needless to say, disruptions in political conditions could derail or delay the take-off of any national infrastructure project.

Profit-wise, the earnings impact of the jobs on companies' balance sheets are not expected to be meaningful until at least in two years' time when the project should be in full swing.

Even then, JF Apex Securities Bhd deputy managing director Lim Teck Seng warns that profits gained by companies involved may not be within expectations.

“Swelling order books and actually making money from that are two separate things.

“Most of the jobs will be awarded to companies which offer the lowest price, so if related costs arising from inflationary pressure go up beyond their expectations, the companies may even end up making losses,” he says.

Vincent Khoo, head of research UOB Kay Hian (M) Holdings Sdn Bhd points out that in terms of stock prices, a lot of the good MRT news have already been priced in especially when it comes to the big boys of the sector.

“Hence, valuations may be a little lofty taking into account external uncertainties, upside could be limited but downside significant, if there are delays in dishing out of contracts,” he says.

MRT Co, is expected to make public the list of all the works for the Sungai Buloh-Kajang MRT line very soon with most of the big packages being awarded this year and the smaller ones in the early part of next year.

For now, OSK Research Sdn Bhd is maintaining a “neutral” call on the construction sector.

“We do not discount a potential re-rating on the sector in the near future, pending more concrete signals,” it says.

Bullish sign continues for Asian retail property sector

Firm demand: Pacific Star expects the long-term Asian consumption story to be ‘as strong as ever.’

PETALING JAYA: The Asian retail property sector is expected to remain bullish this year with eager international retailers seeking expansion in Asia, lured by the region's growing wealth and tourism potential.

In the biannual Asian Property Outlook and Strategy report, real estate investment house Pacific Star noted that Asian governments had been focusing on developing domestic demand from a structural perspective, which should bode well for the retail sector.

“The long-term Asian consumption story remains as strong as ever. While we have seen the short-term outlook affected by the uncertainties in the global economy, the growth potential for the region remains.

“This is evident in the comments made by global fashion groups with regards to their expansion plans and the growth in earnings from the region,” said Pacific Star research and strategic planning vice president Lam Chern Woon in a statement recently.

He expects this trend to continue and with it, the demand for innovative retail properties to meet the appetite of the growing Asian consumer.

Pacific Star continues to rate the retail property markets in Singapore, Hong Kong, Kuala Lumpur as Tier 1, given healthy labour market conditions, strong tourism throughput and interest from international retailers.

Markets classified as Tier 1 merit serious investment consideration over the coming six to 12 months, while Tier 2 markets are generally attractive although the risks could be considerably higher due to macroeconomic or supply issues.

“While economic uncertainties will exert downward pressure on prime rents in the near term, the correction is expected to be limited, given the favourable supply outlook and buoyant domestic spending in these markets.

“Retail spending has also held up in Asia due to tight labour market conditions and a buoyant tourism sector,” he said.

He said consumers in this part of the world continue to be more optimistic than their counterparts in the United States and Europe as a result of healthy employment.

While the office sector is expected to be impacted by hiring headwinds due to the fallout from the European debt crisis, the group still rates the Singapore office market as Tier 1 for its attractiveness.

“Pre-commitments have been healthy and the city state remains highly favoured as a global and regional business hub due to its political stability and pro-business environment.

“The cyclical nature of the Singapore office market suggests that it could also recover quickly when global conditions turn around,” he said.

On the Malaysian perspective, the group said the office leasing market in Kuala Lumpur was relatively stable with net absorption improving in the second half of 2011, with relatively healthy economy growth this year expected to support office demand.

However, it said rentals would likely remain soft in the near term with supply outpacing demand, and capital values were expected to remain stable as owners were not under pressure to lower their price expectations.

“Over the medium term, we are cautiously optimistic that governmental initiatives to attract multinational corporations to set up their regional headquarters in Kuala Lumpur will help absorb the new supply and support the office market,” he said.

Meanwhile on the residential front, the group expects policy tightening to tail off where in most Asian residential markets, the effects of earlier property cooling measures have begun to adversely impact sales.

“This has translated into lower home prices in Hong Kong and some Chinese cities.

“Mortgage rates across Asia have also started to creep up over the past few months with a detrimental impact on housing affordability,” he said.