Malaysia Budget 2013 - Housing

Below are few announcements of Malaysia budget 2013 which are housing developments related : 

1. Affordable housing in Malaysia budget 2013

123,000 units to be built, in areas such as Sungai Buloh and Seremban;

2. First home scheme  in Malaysia budget 2013

 income cap raised from RM3,000 to RM5,000. Join income limit is RM10,000. Applies only for houses below RM400,000;

3. Duty Stamp 2013  in Malaysia budget 2013

Up to 50 percent stamp duty exemption for first home owners until Dec 14, 2014;

4. RPGT 2013 (Real property gains tax 2013)  in Malaysia budget 2013

Real property gains tax 2013 (RPGT) for properties sold within two years of purchase raised to 15%; 2-5 years 10%. No RPGT for properties sold five years after purchase;

5. Abandoned projects  in Malaysia budget 2013

Tax breaks and incentives for contractors and banks who offer loans to contractors to revive abandoned housing projects. Original buyers of abandoned projects will be exempted from stamp duty for loan refinancing or ownership transfer agreements.

Upcoming launch : 73 semi- detached houses in Bandar Sunway

Wing Tai (DNP) is planning to launch in next year (2013), a development of 73 semi-detached houses, within a site of 10-acre. The semi-detached house will have the built-up areas of 4,070 sq ft. The estimated selling price is RM2.5mil a unit. Check out this at later stage...

New launch Quintet, Gita Bayu

The new launch Quintet, Gita Bayu was on 11 September 2012. Quintet, Gita Bayu by Yee Seng Heights Sdn. Bhd., located at Seri Kembangan area. Gita Bayu is a is a gated and guarded enclave that covers 120 acres of freehold land and offers a mix of individual and cluster bungalows, low-rise apartments and villas as well as a clubhouse called Kebun Mimpi.

New launch Quintet, Gita Bayu

The new launch Quintet, Gita Bayu with the estimated GDV is 40mil for a total 5 units bungalows with different designs and offering  facilities  that  include a swimming pool, a tennis court, barbeque pits, a dining pavilion, gymnasium, reading room and children’s playground. 

New launch Quintet, Gita Bayu

Summary details of this project : 

Land size : 60’ x 120’ (appx. 7000sf)

Built-up area : 6500- 7000sf Total Unit : 5

Indicative Selling Price : RM7 – 8mil

Webpage : http://www.gitabayu.com/quintet

New launch Quintet, Gita Bayu

Review : 

Location : It is located at the south fringes of Kuala Lumpur, easily accessible to PJ and KL by highways. The locality is surrounded by lush hilly landscape and nature envelops you with a comforting blanket.

Design : Modern tropical design, Quintet, Gita Bayu comes with five differently designed, 3-storey : the first houses an open-air dining area with a common room and a study while the top floor offers a swimming pool.

New launch Quintet, Gita Bayu

Price : The price comes with the design and the soothing and conducive  environment .

Remarks : This is a gated and guarded community comes with two main guard houses, manned round the clock, stand watch at the main entrance and guard patrols within the residential parcel and secured with 8-foot high brick-faced perimeter wall fencing.

New launch : Nobleton Crest Along Jalan U-Thant

Noble Crest was having their special preview on 8 September 2012. Noble Crest located along Jalan u-Thant which is an established diplomatic enclave in the vicinity of KLCC. Noble Crest comprises 25 units of low-rise serviced apartments in 3 blocks of 5-storey block. Noble Crest is developed by Wing Tai Group which is renamed as DNP.     

Land area :  1 acre site

Tenure : Freehold
Total Unit : 25

Sizes :  3,500sf

Average Selling Price : 3.8mil (avg of 1200psf)

Sales status : NA
Webpage :  http://www.wingtaiasia.com.my/Businesses/ResidentialProperty/NobletonCrestU-Thant

Review :

Location : Prime location, within walking distance to Golden Triangle. Nearby Ambassador Row, with the Kuala Lumpur City Centre Twin Towers and Royal Selangor Golf Course just a stone's throw away. 

Design : With various design of —  single floor units, duplexes and penthouses, which come with an entertainment deck on the rooftop, including a private pool

Price : Average pricing within KLCC area

Nobleton Crest Along Jalan U-Thant

My Note : Established and golden area, for investment you may target expats while for own stay is conveniently connected. 

New launch : Sunway Velocity (V residence)

Sunway Velocity covers a total land area of 23 acres. This development consists of retail, flexi office, serviced apartments and 1mil sf shopping mall. V residence is a 18 storeys with 264 units of service apartments.

Sunway Velocity (V residence)

Summary details of this project : 

Land area :  3 acres site

Tenure : Freehold
Total Unit : 264

Sizes :  900 - 1700 ; 1800 -2500 (duplex)

Average Selling Price : 850psf

Sales status : 100% for shops and 50% for flexi office

Webpage :  http://www.sunwayproperty.com/pd/scpdd_V_Residence,_Sunway_Velocity.aspx

Review :
Location : It is a matured location in Cheras but it is upcoming. Living in Hip lifestyle – with a lifestyle shopping mall and retail precinct at your door step.

Design : With the option of single level unit and duplex unit. Units are designed in cluster and floating villa style .

Price : Exotic pricing with the selling point of new concept of development, future LRT line and etc.

My Notes : Location is good, living in a commercial area is always is convienient if you do not mind the busy environment.

New launch : Sunway Velocity (V Retail & V office)

Sunway Velocity

Sunway Velocity covers a total land area of 23 acres. This development consists of retail, flexi office, serviced apartments and 1mil sf shopping mall. V residence is a 18 storeys with 264 units of service apartments.  V retail & v office is a 1 ½ storey shops and duplex flexi office. There is an 8-storey flexi suites on top of the 3/s shops (retail).

Sunway Velocity (V Retail & V office)

V Retail & V Offices consists of a 3-storey retail and 12-storey flexi suites. This is one of the components of the velocity development.

Summary details of this project : 

Land area : 23 acres (mixed development) (V Retail & Designer suites is only 3acres site)

Tenure : Freehold

Total Unit : office (276 units), shops (12)

Sizes : Office (680 – 1300sf), shops (5,500sf) 

Average Selling Price : RM7mil-8mil and 850psf for office suites (10%+DIBS or 18%)

Sales status : 100% for shops and 50% for flexi office

Webpage :  http://www.sunwayvelocity.com/

Review : 

Location : It is a matured location in Cheras but it is upcoming.

Design : The sizes are standard commercial size.

Price : Exotic pricing with the selling point of new concept of development, future LRT line and etc.

My Notes : Location is good, design is good to cater to new needs.

Upcoming launch : The Hub @ Jalan Harapan, SS2, Petaling Jaya

The Hub @ SS2, PJ  by SDB is located at an old town of SS2 area. This project consists of 13 blocks of 4-storey boutique shopoffice and 42-storey SOVO. 

The Hub @ Jalan Harapan, SS2

 Summary details of this project : 

Land area : 2.5 acres (mixed development) 

Tenure : Freehold
Total Unit : 13 blocks of shop office & 275 units SOVO

Sizes (shopoffice) : 5500sf 

Sizes (SOVO) : 505 - 1302 sf 

Average Selling Price : to be updated later

Webpage : http://www.sdb.com.my/sdbproperty_The_Hub_@_SS2.aspx

The Hub @ Jalan Harapan, SS2

Review : 

Location : It is a matured location with existing catchment area. 

Design : The facade looks good. This development comes with Exclusive Facilities including a rooftop swimming pool, gym, and garden lounge even in the office suites which is a great idea.

Price : To be commented later

My Notes : Location is good, it is all depending on the pricing 

The Hub @ Jalan Harapan, SS2

Banyan Tree Signatures by Lumayan Indah

Banyan Tree Signatures, a 1.46-acre condo development on the  site of the former Wisma MISC, situated in between the Prince Hotel and Residence and Hakka Restaurant on Jalan Conlay opposite Pavilion KL was launched in 2011 and successfully sold out within months.  

This development is 55-storey high and it is going to be the tallest residential landmark in town with the construction cost of RM1.4bil and to be completed in 2015. The single-block development consists of 441 private residences, 51 serviced residences and 50 hotel suites, which are located at the two uppermost  floors. Banyan Tree will manage the hotel and spa itself, giving the added allure of the service and amenities the brand is renowned for.

Banyan Tree Signatures

 The condos were sold at the average pricing of RM2000psf and to the highest at RM3000psf for the smaller units at the top floor. If you are wondering who are the purchaser, the developer announced that they are 70% from local and 30% from Japan, Hong Kong, South Korea, Taiwan, the UK, Middle East, Singapore and Indonesia. 

Banyan Tree Signatures