keep. they will bank in only when you have balloted successfully. This is my Plan B if UMLand fails me and raises price for Matex!
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New developments to share
- Thread starter wuqi256
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keep. they will bank in only when you have balloted successfully. This is my Plan B if UMLand fails me and raises price for Matex!
Whats the pricing for EcoBotanica?
Good?
Good?
Battersea was long sold out. Malaysians bought heavily. The units reserved for London launch also saw unparalleled response with people queuing as early as 6am.
Mortgage loans on the rise
DIBS is mainly offered to buyers of the high-rise residential segment.
Observers say people are buying while DIBS is still in force
By YVONNE TAN
PETALING JAYA: The speculation on the removal of the Developer Interest-Bearing Scheme (DIBS) could accelerate property transactions in the near-term, temporarily driving the demand for mortgage loans.
“People may be quick to take advantage while the scheme is still in force and buy properties, which may then cause a spike of sorts in loan demand in the period just before the scheme is removed,” Alliance Research banking analyst Cheah King Yoong said.
Any removal of the DIBS by Bank Negara is expected to only impact the industry loan growth beginning next year rather than this year, Cheah added in a note to clients.
It is unclear when the removal of the scheme will take place but industry observers are expecting it to be very soon.
As for property firms, Cheah said he expected them to “adapt” to the curb on DIBS by offering “other incentives” to ensure that demand for property does not drop.
These could come in the form of rebates to property buyers, said another analyst who concurred with Cheah’s views.
The DIBS in recent times has become an easy financing package offered by property developers in joint-promotion activities with banks.
Under the scheme, buyers need not fork out much initial payments to buy properties, as the developer supposedly absorbs the initial interest. The buyer only starts paying the instalments after his property is ready.
A high number of buyers buy into this scheme with the intention of flipping the property when they gain possession of it, making a profit without having to fork out much of their own money for it.
In the case of a removal of the DIBS, consumers would then have to absorb the initial costs, including interest payments, even before their properties are ready.
DIBS is mainly offered to buyers of the high-rise residential segment, where property flipping is reportedly the most rampant.
Assuming the DIBS is curbed, Maybank Investment Bank Research estimates that the worst-case scenario would be a marginal 0.7-percentage point shave off its 2014 industry loan growth forecast of 10.5% to 9.8%.
“We believe domestic banks have been more tempered in their exposure to the mortgage segment, and channel checks point to limited exposure at this stage.”
It is maintaining its industry loan and earnings forecasts for the individual banks for now. In his report, Cheah raised his 2013 industry loan growth target to 10.5% from 7% to 9% premised on the expectations that loan growth momentum would pick up in the second half, mainly driven by the accelerated disbursements of Economic Transformation Programme-related loans, even as general election-related risks dissipate.
He has not set any loans growth target for next year.
DIBS is mainly offered to buyers of the high-rise residential segment.
Observers say people are buying while DIBS is still in force
By YVONNE TAN
PETALING JAYA: The speculation on the removal of the Developer Interest-Bearing Scheme (DIBS) could accelerate property transactions in the near-term, temporarily driving the demand for mortgage loans.
“People may be quick to take advantage while the scheme is still in force and buy properties, which may then cause a spike of sorts in loan demand in the period just before the scheme is removed,” Alliance Research banking analyst Cheah King Yoong said.
Any removal of the DIBS by Bank Negara is expected to only impact the industry loan growth beginning next year rather than this year, Cheah added in a note to clients.
It is unclear when the removal of the scheme will take place but industry observers are expecting it to be very soon.
As for property firms, Cheah said he expected them to “adapt” to the curb on DIBS by offering “other incentives” to ensure that demand for property does not drop.
These could come in the form of rebates to property buyers, said another analyst who concurred with Cheah’s views.
The DIBS in recent times has become an easy financing package offered by property developers in joint-promotion activities with banks.
Under the scheme, buyers need not fork out much initial payments to buy properties, as the developer supposedly absorbs the initial interest. The buyer only starts paying the instalments after his property is ready.
A high number of buyers buy into this scheme with the intention of flipping the property when they gain possession of it, making a profit without having to fork out much of their own money for it.
In the case of a removal of the DIBS, consumers would then have to absorb the initial costs, including interest payments, even before their properties are ready.
DIBS is mainly offered to buyers of the high-rise residential segment, where property flipping is reportedly the most rampant.
Assuming the DIBS is curbed, Maybank Investment Bank Research estimates that the worst-case scenario would be a marginal 0.7-percentage point shave off its 2014 industry loan growth forecast of 10.5% to 9.8%.
“We believe domestic banks have been more tempered in their exposure to the mortgage segment, and channel checks point to limited exposure at this stage.”
It is maintaining its industry loan and earnings forecasts for the individual banks for now. In his report, Cheah raised his 2013 industry loan growth target to 10.5% from 7% to 9% premised on the expectations that loan growth momentum would pick up in the second half, mainly driven by the accelerated disbursements of Economic Transformation Programme-related loans, even as general election-related risks dissipate.
He has not set any loans growth target for next year.
>1000 cheques (say, 1500) collected so far. total units - bumi lots = 4xx units (say, 450). 30% chance of successful ballot - actual should be lower by the time they stop collecting cheque (e.g. possiblly 2000 chqs = 22% chance) and 50% foreign ownership quota. Dont count too much on it, i guess
Those successful must be happy!
The PRCs are coming .....
Chinese property agency Hopefluent Group, whose agents are considered the best property sellers in Guangzhou, plans to expand to Malaysia due to market similarities.
With over 300 branches in China, the real estate agency offers the most comprehensive network of property professionals, who have handled the sales of major residential projects in Guangzhou and other areas in the country.
Apart from providing value-added services to leading developers in China, the company also offers property management services, with existing clientele in Wuhan, Tianjin, Shanghai and Guangzhou.
For Malaysia, Hopefluent Group plans to team-up with property developers undertaking projects in Penang, Iskandar and Kuala Lumpur. The company also plans to spread its wings to other countries as there is a dearth in property firms selling Asia properties across the globe.
Hopefluent believes that there will be good demand for its business in Malaysia, given the huge potential of the country’s property market. It is also confident that it will have a competitive edge in this market thanks to extensive expertise in interior design and good track-record in providing educational services for its investors.
Specifically, Hopefluent’s objective is to bring Chinese investors into the country so that they can see the properties up for sale. Besides bringing-in individual investors, it will also woo Chinese developers to venture into Malaysia.
One of Guangzhou’s most widely recognized brand, Hopefluent agents were responsible for 70 percent of all property transactions in the city for 1H 2012. They have also handled more than 1,000 projects in the past five years, with over 500 ongoing developments.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email [email protected]
Chinese property agency Hopefluent Group, whose agents are considered the best property sellers in Guangzhou, plans to expand to Malaysia due to market similarities.
With over 300 branches in China, the real estate agency offers the most comprehensive network of property professionals, who have handled the sales of major residential projects in Guangzhou and other areas in the country.
Apart from providing value-added services to leading developers in China, the company also offers property management services, with existing clientele in Wuhan, Tianjin, Shanghai and Guangzhou.
For Malaysia, Hopefluent Group plans to team-up with property developers undertaking projects in Penang, Iskandar and Kuala Lumpur. The company also plans to spread its wings to other countries as there is a dearth in property firms selling Asia properties across the globe.
Hopefluent believes that there will be good demand for its business in Malaysia, given the huge potential of the country’s property market. It is also confident that it will have a competitive edge in this market thanks to extensive expertise in interior design and good track-record in providing educational services for its investors.
Specifically, Hopefluent’s objective is to bring Chinese investors into the country so that they can see the properties up for sale. Besides bringing-in individual investors, it will also woo Chinese developers to venture into Malaysia.
One of Guangzhou’s most widely recognized brand, Hopefluent agents were responsible for 70 percent of all property transactions in the city for 1H 2012. They have also handled more than 1,000 projects in the past five years, with over 500 ongoing developments.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email [email protected]
Saw someone posted a pic of Eco world development show room (still not ready yet) with many many high tension cables around. Do you still think is a good buy (If I m lucky enough during balloting lah)? For own stay is ok but what if I decided to sell next time. Will it cause a "problem"? Salesperson told us... the high tension cables start somewhere within Exxt Ledang.... I like the design of the cluster, the lakes but I dont know how the high tension cables will affect the "view" next time...
Frankly the pylons are an eye-sore. I would advise to measure the EM wave around the area yourself to verify the safety. If it is well within limits, then just go ahead to buy if you like the location and design.
Best is to go down the site and see for urself. Photo.sometimes may be misleading. Plan to go down one day to see.
No money no talk. If y do not like money, pls deposit to my bank(pocket).
If I know is toxic, I wouldn't buy n sell to make tis kind of money.
If I know is toxic, I wouldn't buy n sell to make tis kind of money.
the cables are toxic?
For your info.
Cable isn.t toxic. Worrier the electromagnetic wave~~~~~~~~~~
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For those who find the prices in Iskandar too high already, can check out Phillipines Manila Bay area. Several casinos under construction (including Resorts World Manila Bayshore, The Belle Grande) and Solaire Resorts and Casinos just opened this year.
I am looking at Monarch Parksuites (google for details). Fully furnished at abt s$380psf for small studio (28sqm).
I am looking at Monarch Parksuites (google for details). Fully furnished at abt s$380psf for small studio (28sqm).
why r they selling the smallest studios here..:p ?
paid a bit more.. can get landed here. can see can touch.
Shoebox seems popular. For those working in the area...
why r they selling the smallest studios here..:p ?
paid a bit more.. can get landed here. can see can touch.
if it's so off the shelf, why ping ping not buying lei and wait for foreigners to buy e super-small units lei?
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