Must Attend: Stylish Living Star Property Fair 2009
You have No Clue or Confuse About Property Investment?
If YES then visit The Star Property Fair organize by The Star.
The three-day fair will be held at the Kuala Lumpur Convention Centre (KLCC) from Nov 27 – 29 (halls 4 and 5) with the themed called “Stylish Living”
You can view the latest offerings by renowned local developers for a broad range of property from medium to medium high-range residences, luxurious bungalows to exclusive condominiums, and commercial projects under One roof.
The renowned local developers will include SP Setia Bhd, Sime Darby Bhd, Sunway City Bhd, Lucky Bright Star Sdn Bhd and KH Land Sdn Bhd.
Visitors will also have the opportunity to obtain advice on financing options from participating financial institutions, and attend talks and forums by industry experts on property investment, feng shui and home aspirations.
The CIMB Property Mart’s panel auctioneers will host two public auction sessions on Nov 28.
The first session by Leong Auctioneers will feature several properties including a three-storey semi-detached house located off Jalan Ipoh and a vacant plot of bungalow land in Shah Alam.
The reserved price for the semi-detached house is RM1.26mil compared to its market price of RM1.4mil while the reserved price of the 32,001sq ft bungalow plot will start from RM806,400 compared to its market price of RM896,000.
Ng Chan Mau & Co recommends two properties which include a four-bedroom duplex penthouse with a reserved price of RM729,000 compared to its market price of RM900,000 and a three-bedroom flat with a reserved price of RM35,600.
Date : Nov 28
CIMB Property Mart Mega Auction schedule
Time : Noon
Auctioneer : Leong Auctioneers
Date : Nov 28
Time : 3pm
Auctioneer : Ng Chan Mau Auctioneers
CIMB Property Mart representatives will be on hand to provide free consultation.
There will also be contests sponsored by CIMB Property Mart with prizes worth RM20,000 up for grabs.
Sample of the Auction Properties
Lot 1 : Three storey semi detached house (KL)
Reserve Price: RM 1,260,000.00
Market Price : RM 1,400,000.00
Description
The subject property is located at Jalan Krian, Off Jalan Ipoh. Approximately 7.2 (4.5 miles) north of Kuala Lumpur City Centre.
The surrounding development is Villa Angsana Condominium, Taman Rainbow & Taman Bamboo.
Nearby Sek Men Persendirian Chong Hwa and SRK Sentul 1 & 2. The subject property offers service and sundry shop, supermarket, banks, clinics and restaurants.
Address: No. 7, Jalan Krian, Taman Rainbow, Off Jalan Ipoh, 51100 Kuala Lumpur
Floor/Land Area: 4,011 sq feet
Solicitor: M/s MahWengKwai Seow & Megat
Reference: DC10019091
Lot 2: 3+1 bedroom townhouse (PJ)
Reserve Price: RM 320,000.00
Market Price: RM 320,000.00
Description
The subject property is located on the ground and first floors of a 3-storey townhouse building.
Approximately 13 Kilometres to the South-West of the Kuala Lumpur city centre.
The neighbouring residential areas include Bandar Utama, Tropicana Indah Resort Homes, Taman Bukit Mayang Emas, Aman Suria, Damansara Idaman and Damansara Lagenda. Sek Men Tropicana, Sek Keb Tropicana, Shopping Arcade One Utama and Tropicana Golf & Country Resort are nearby.
Address
Unit No. 21, Ground Floor,
Rumah Bandar Delima,
No. 15, Jalan Mutiara Tropicana 1,
Mutiara Tropicana, PJU 3,
47410 Petaling Jaya, Selangor
Floor/Land Area: 1,416 sq feet
Solicitor: M/s MahWengKwai Seow & Megat
Reference: DC10019616
Lot 5: Shop/apartment (Ampang)
Reserve Price: RM 45,000.00
Market Price: RM 50,000.00
Description
The subject property is located on the 2nd floor of a 4 storey shop/ apartment building with a ground level carparking facilities.
Situated about 15 kilometres east of the Kuala Lumpur city centre and the Ampang town is located approximately 4 kilometres to the west of the subject property comprising rows of pre-war shophouses with sundry shop, supermarket, banks, clinics and restaurants.
Public transport facilities are good with taxi and bus transportation, easily accessible from Jalan Wawasan Ampang just to the east and Jalan Ampang to the north, and Ampang LRT (Star Line) station about 4 kilometres to the northwest of the subject property.
Address
No. 19/2R, Jalan Mulia 3/1,
Taman Mulia Jaya,
68000 Ampang, Selangor
Floor/Land Area: 633 sq feet
Solicitor: M/s Tay & Helen Wong
Reference: DC10018280
from: starproperty.my/PropertyFair/Kl09/PropertyMart.aspx
TIPS: Buying an auction property
For property buyers interested in bidding at the CIMB Property Mart auction, here are 10 simple steps on how to buy an auction property.
1. Identify Identify your desired property and take note of relevant information according to your preferred location and budget.
2. Inspection Understand the state and condition of the desired property. Conduct an external inspection of the property to ascertain the condition.
3. Independent Research Conduct a thorough research with the relevant Land Office and make general enquiries with the developer or management office. You can also contact the auctioneer or the bank to get additional information about the property.
4. Registration Register your details prior to the auction. You may also register on the actual day itself before the auction. You have to get a copy of the Proclamation of Sale (POS) and Condition of Sale (COS).
5. Preparation Take note of the auction time, date and venue. Prepare a bank draft or cashier’s order for the deposit amount equivalent to either 5% or 10% of the Reserved Price before the auction date. Also, prepare additional cash on the auction day to top-up the difference on the deposit sum between the successful bidding price and the reserved price.
6. Auction Day Ensure that you reach the auction venue early and register at the auctioneer’s registration counter. If you are unable to attend the auction, fret not. You can authorise anyone who is above 18 years old to bid on your behalf. However, remember that he or she must bring along the original authorisation letter together with a photocopy of your identification card and bank draft to the auction.
7. Bidding Time The auctioneer will announce the commencement of the auction, and then provide a briefing on the bidding process. He will then read out the important clauses in the COS and the property information. After the auctioneer announces the starting price, the bidder should raise his/her bidding card to signify interest and also to indicate the bidding price.
8. Successful bidder The bidding process will stop when the highest price is called out three times by the auctioneer and no further bids can be made. At the fall of the hammer, the property is sold.
9. Signing the contract The successful bidder is required to sign the Contract of Sale and pay the remaining difference on the same day itself if there’s an increment to the successful bidding price. The balance of the purchase price must be paid within 90 days from the auction day.
10. For Unsuccessful Bidding
If you are not the successful bidder, you may redeem your bank draft or cashier’s order at the registration counter immediately after the auction.
Top developer like SP Setia Bhd, Sime Darby Bhd, Sunway City Bhd, Lucky Bright Star Sdn Bhd and KH Land Sdn Bhd will showcase their latest property developments.
FREE TALK
Fri, 27th Nov
Personal Space: My Personal Space
Ms. Amber Chia & Edwin Thassian of Fix Interior
1.00pm-1:30pm
Vasu Shastra: Indian Feng Shui
Mr. T. Selva
2.00pm-2:45pm
MIEA: Real Estate Practice on Property Market
(Malaysia Institute of Estate Agents)
Ms. Julie Wong
3.00pm-3:45pm
Feng Shui: Outlook for 2010
Master David Koh
4.00pm-4:45pm
Sat, 28th Nov
Property Millionaire: How to be a Property Millionaire
Capt. Azizi Ali
11.30am-12:15pm
CIMB Property Mart: Mega Auction
Auctioneers: Leong Auctioneers
Location : Kiosk 5
12.00noon-1:30pm
EPF: Housing Withdrawal Scheme
Mohd Yusfaizal Mohd Pilus
2.00pm-2:45pm
CIMB Property Mart: Mega Auction
Auctioneers: Ng Chan Mau Auctioneers
Location : Kiosk 5
3.00pm-3:45pm
Axis-REIT: REITs An Alternative Investment
Tool for your Wealth Creation
Mr. Stewart LaBrooy
(Executive Director)
4.00pm-4:45pm
Some of the topics include:
• What is a REIT?
• Why REITs are important part of the Investment portfolio
• REITs – The Risk Factors
• REITs – Investors Perspective
Sun, 29th Nov
Interior: You can be your own designer
Ms. Valerie Choi
12.00pm-12:45pm
Right Lifestyle Property: Never Work Again Through Properties
Mr. YM Leow
(Property Investor)
1.00pm-1:30pm
Feng Shui: How to choose a good property from a Feng Shui Perspective
Master David Koh
2.00pm-2:45pm
Tropical Garden Design: The International Tropical School of Architecture
Mr. Made Wijaya
3.00pm-3:45pm
The property fair is open to the public from 11am to 8pm (Friday to Sunday) and admission is FREE.
Azizi Ali to give talk at Star Property Fair
Capt. Azizi Ali, bestselling author to share his knowledge on how to profit from property investments at The Star Property Fair.
Bestselling author and renowned financial coach Captain Azizi Ali is scheduled to give a talk on property investment at The Star Property Fair 2009.
The fair, which has been held in Penang for seven consecutive years since 2002, will make its Kuala Lumpur debut at the Kuala Lumpur Convention Centre (KLCC) from Nov 27 – 29.
Captain Azizi Ali, author of Millionaires are from a Different Planet, will share his knowledge on how to profit from property investments on Nov 28 at 12pm.
“I will be talking about how to avoid potentially poor choices when it comes to purchasing properties and how to profit through property investments,” he says.
Dubbed ‘Millionaire Coach’, Captain Azizi is a trained commercial pilot with over 27 years of experience. His venture into financial writing and coaching started with a simple intention to learn more about personal finances.
“I found myself broke all the time despite earning a decent living as a young pilot. This motivated me to learn about personal finance and eventually investment.”
According to the 47-year-old, he has read more than 800 financial books and earned his first million at 36. Captain Azizi insists that people need to find the most suitable form of investment for themselves. However, there is no denying that the profit garnered from property investment is lucrative.
An avid property investor himself, Captain Azizi states that becoming a millionaire is not an overnight process.
“It requires time and smart moves. But I can assure you that you don’t need money to make money. What you need is brains, dedication and discipline.”
About 25,000 visitors are expected at the 3-day fair to view the latest offerings by reputable local developers. Expect a wide range of properties from medium to medium high-range residences, luxury bungalows, exclusive condominiums as well as commercial projects.
Other attractions include auctions by CIMB Property Mart and a contest with attractive prizes worth RM20,000 to be won.
from:starproperty.my/PropertyScene/PropertyScene/768/0/0
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Over RM60mil in sales made
——————————
KUALA LUMPUR: More than RM60mil in sales were closed at the three-day The Star Property Fair 2009.
The 29 exhibitors, spreaded over 103 booths at the Kuala Lumpur Convention Centre, attended to thousands of homebuyers who thronged the fair from Friday.
The roaring sales caught some property developers by surprise. They were under the impression that the fair, themed Stylish Living, would only create sales leads and promote awareness of their products.
“We noticed that the visitors came with a focus and an intention to buy,” said Sonny Tan of Ideal Concept Intelligence Sdn Bhd. “We managed to close seven deals in just one day.”
Tan said that holding a fair at such a venue seemed to draw a better crowd than those held in shopping malls.
“There, you get walk-ins who are just there to look and move on, unlike at a convention centre where people come with a clear intention to buy,” he added.
Sime Darby property sales consultant Muhd Khairul Nizam Abd Kader said the response was so good that some latecomers were disappointed that they could not get choice locations.
“The crowd was great,” he said. “It was easy to close and did not take much convincing. The response was so good we did not have time to eat.”
A Setia Sky Residences spokesman said the response to the fair was overwhelming. “They are mostly locals, which is a good surprise too,” he added.
Cahaya SPK sales executive Keane Kwong lauded Kuala Lumpur Convention Centre as a good location for the fair.
“We had a fantastic booth and the crowd was good. We will surely participate again.”
A Sunway City Bhd spokesman said the fair drew “high-end visitors who are our right kind of customers.”
Nusmetro Venture Sdn Bhd sales and marketing manager Shirley Cheong agreed, saying that her team would be able to draw upon the hundreds of registrations made at their booth over the three days.
“I have a good batch of data and I strongly believe we can convert them to sales,” she said.
The Star Property Fair 2009 was the first to be held here after eight successful fairs in Penang.
Besides finding good deals with the exhibitors, financial institutions, auctioneers and property agents, the housebuyers and investors were also treated to talks by experts in various fields pertaining to property.
These included How To Be A Property Millionaire author Capt Azizi Ali, fengshui masters Joey Yap and Danny Koh and renowned Balinese landscape artist Made Wijaya.
Visitors also had the chance to win prizes from Samsung that included a washing machine, refrigerator and air-conditioner.
from:starproperty.my/PropertyGuide/Featured/851/0/0
Feng shui masters make house buyers see the light
—————————————————
KUALA LUMPUR: When choosing a property, have a mountain at the back and water features in front, said Joey Yap.
“Mountains govern matters related to human relationships and longevity while water affects one’s financial health and growth,” said the fengshui master.
He advised homebuyers to look for properties with these features to enjoy their benefits. Joey said importance should be placed on the environment, building and personal aspects when buying a property.
He said many mistook Chinese superstitions to be feng shui. “Good feng shui is understated, zen-like and clean,” he said at a talk during The Star Property Fair 2009 yesterday.
At a separate talk, jointly organised by The Star and Samsung, feng shui master David Koh urged housebuyers to avoid certain locations which were “unfriendly.”
He said high tension wires were not just bad for feng shui, but bad for health, too.
“One should also avoid places at top of hills, that faces mountains and at lower parts of valleys,” he added.
Koh said the presence of water elements, such as rivers, provide a good pool of energy or chi. He pointed out as example Masjid Jamek, a thriving business area that attributed its vibrant development to its location — sitting above two symmetrical rivers.
from:starproperty.my/PropertyGuide/Featured/852/0/0
Secondary property market to remain soft
————————————————–
Property consultants: Abundant supply in Klang Valley
PETALING JAYA: The secondary property market in the Klang Valley is expected to remain soft in the next three to six months due to an abundance of supply, according to property consultants and experts.
PPC International Sdn Bhd executive director Thiruselvam Arumugam in an e-mail response to StarBiz, said: “The secondary property market in Mont’ Kiara will remain soft in 2010 as incoming supply and new launches will bring competition.”
“But (demand for) the better managed condominiums will remain unchanged as there will still be a market for this type of property,” he added.
However, Thiruselvam said all the properties (in the Mont’ Kiara area) had seen a decrease in both rental and capital value this year.
A real estate agent concurred that there was an over-supply of property, especially in the Mon’t Kiara area.
However, she said rental rates for some locations in the Klang Valley were “more challenging” than others.
“Selling prices in places like SS2 have been better compared with rentals. In the past five years, the rental rates did not grow as much as selling prices,” she said.
She also said rental rates in selected areas in Mont’ Kiara and Kuala Lumpur city centre were better than others.
“Sometimes it also comes down to word of mouth. Exiting tenants will give good recommendations on locations they think are better than others and this will be the areas that will attract more people.”
She, however said there were some established areas, like Damansara Heights, where regardless of a downturn, selling prices still remained stable.
“Demand there has been good.”
According to Zerin Properties chief executive officer Previndran Singhe, rental rates for Grade “A” office space within the Golden Triangle area has been stable and is expected to improve towards year-end.
“Even in areas such as Damansara Heights and Bangsar, rental rates are expected to increase because there just aren’t enough Grade A office buildings,” he said, adding that the end of the day, it all came down to “location.”
“Let’s just say that if you put up a Grade A office in Balakong, you’re going to have a tough time filling it up.”
Previn also said rental rates for commercial property would remain good in Cyberjaya.
“There is a good demand for BPO (business process outsourcing) offices there.”
He also said the expatriate residential market was expected to remain soft until the first quarter of 2010.
“We expect things to improve in the second quarter. As the effects of the liberalisation measures announced earlier kick in, there should be more demand for residential property from expats.”
from:biz.thestar.com.my/news/story.asp?file=/2009/12/9/business/5256987&sec=business