Showing posts with label update. Show all posts
Showing posts with label update. Show all posts

Saturday, 4 April 2015

Malaysia Iskandar 040415 - Iskander’s lure is a strong pull for S’poreans

Malaysia Iskandar 040415 -  Iskander’s lure is a strong pull for S’poreans

According to Today, there has been reversal trends forming. Previously, there are many Malaysians shifting to Singapore for better job opportunities and a higher pay. But recent years has seen many Singaporeans moving in the opposite direction in search for a slower pace of life, lower cost of living and less congestion which they perceives as better quality of life. 
One of the Singaporean interviewed mentioned that they wished to “experience living in a landed property” and has seen move in and stay there at a bigger living spaces. 
Citing the cost of his Johor house, he said: “For that amount, if we were to buy a house in Singapore, it would be less than 1,000 sq ft, and three times smaller.” 
On the other benefits of living in Johor, he added: “People are not always rushing about; they take the time to chit chat with you when you bump into each other outside the house. Things are also a lot cheaper here.” 
Read more at Today to find out why Singaporean are shifting into Iskandar or proceed to source for one of the great mega development in Iskandar - R&F Princess Cove

Thursday, 19 March 2015

Malaysia Iskandar 190315 - Johor Sultan visions that Singaporeans will live in Johor and work in Singapore

Malaysia Iskandar 190315 - Johor Sultan visions that Singaporeans will live in Johor and work in Singapore


According to Asiaone.com, interview with the Johor Sultan has revealed that ;

-The future is in Johor because Singaporeans, not just Chinese, will be buying homes in Johor.

-Homes are already beyond the reach of ordinary Singaporeans over there.

-It is a political issue when the middle-class find themselves squeezed. Even in Malaysia, with its abundance of land, the young are finding it difficult to own a home, especially in the Klang Valley and Penang.

-Once the links are in place, it will become the norm for Singaporeans to live in Johor and work in Singapore. That is the future.

-Thousands of Hong Kong residents and expatriates, including Malaysians that I know, stay in Shenzen but commute to work daily.

-We are talking about investing in the future and these Chinese investors know the Hong Kong and Shenzen scenario very well.

-Over 200,000 people cross to Shenzen each day in just 45 minutes. That is how the cross-border culture has changed dramatically.

- Read more at: 
http://news.asiaone.com/news/singapore/johor-sultan-singaporeans-will-live-johor-and-work-singapore#sthash.sxvTQX9y.dpuf

**Find your home in Iskandar Malsysia before everyone else come in. Buy Dinspire Residences with the ultimate best offer packages in Iskandar.

Tuesday, 10 March 2015

Malaysia Iskandar 110315 - Records RM158.13 Billion In investments for year 2014


Malaysia Iskandar 110315 - Records RM158.13 Billion In investments for year 2014

Iskandar Malaysia on Tuesday 10 March 2015 reported a total cumulative investment of RM158.13 billion from 2006 until 31 December 2014.

Out of this amount, 49% represents investments that have been realized as projects on the ground.

It is also indicated by the Datuk Ismail Ibrahim - CEO of IRDA (Iskandar Regional Development Authority) that Iskandar Malaysia continues to do well despite the challenges facing the global economy. This is basically backed up by the nine promoted sectors namely

1) Electrical and Electronics
2) Petrochemical and Oleo Chemical
3) Food & Argo Processing Logistics
4) Tourism
5) Healthcare
6) Education
7) Financial Services
8) Creative.
9) Logistics

"This shows the confidence in Iskandar Malaysia especially among the local investors, with domestic investment making up RM101.14 billion or 64% of the toal cumulative committed investments to date as we continue to develop the region into a strong and sustainable metropolis of international standing, " Said Datuk Ismail

This continued to benefits the whole of JB or even Malaysia by creating business opportunities as well as job opening. Iskandar Malaysia is well on track of its long-term Goals.

**Interested on Iskandar Development. Get Dinspire Residences with the ultimate best offer packages in Iskandar.

Monday, 2 March 2015

Malaysia Iskandar 020315 - Pinewood Malaysia prepares for sci-fi flick

Pinewood Malaysia prepares for sci-fi flick

PETALING JAYA: Preparations have actually started at Pinewood Malaysia Studios for the filming of Lost In The Pacific, a 3D sci-fi action film headlined by American actor Brandon Routh (Superman Returns, Arrow) and Chinese starlet Zhang Yuqi.

The main actors has actually not arrived in Malaysia yet, but the movie's producers are stated to be at Iskandar Johor ahead of the shooting.

According to The Hollywood Press reporter, the film will certainly start principal photography in the first quarter of the year and is set for release later this year.

Vincent Zhou, whose previous highlight was in 2013's Last Flight, is directing the film. IMDB.com details Lost In The Pacific as Last Flightl II.

According to Hollywoodreporter.com, the motion picture focuses on a team of travellers aboard 2020's inaugural high-end, transoceanic flight.

The website likewise quoted director Zhou as promising a journey of “monumental proportions to audiences all over the world that will keep them on the edge of their seats”.

Main Article Sources from - http://www.thestar.com.my/News/Nation/2015/02/27/Pinewood-Malaysia-prepares-for-scifi-flick/


**Interested on Iskandar Development near Pinewood Studio. Get Dinspire Residences with the ultimate best offer packages in Iskandar.

Sunday, 23 March 2014

UK 240314 – More things to do at Royal Wharf

UrPropertySg has announced that according Rob Virtue from wharf.co.uk, there are 5 things to do during the period Mar 24 2014 to Mar 30 2014. In and around Canary Wharf.

This will be namely

Canary Wharf fashion weekend

1) Canary Wharf fashion weekend

Top Band Foster The People at Troxy

2) Top Band Foster The People at Troxy

Squash spectacular arrives at Canary Wharf

3) Squash spectacular arrives at Canary Wharf

Powerboats come to the Royal Docks

4) Powerboats come to the Royal Docks

Tinie time at The O2 Arena

5) Tinie time at The O2 Arena

If you happened to be at Royal Wharf – the latest development in East London by Oxley and Ballymore. do head over to canary wharf for the wonderful activities.

Singapore 240314 – Jurong Massive Makeovers


UrPropertySg has announced that according to Straits Times Published on 5th April 2008, It was announced that Jurong will undergo a Massive Makeover. It will be redeveloped and rebranded as Jurong Lake District.

National Development Minister Mah Bow Tan at that time described Jurong as somewhat under-recognized, 'a gem yet to be uncovered and refined'. 

Today, 2014 , we have seen  many numerous things that were promised being delivered. Retail Mall like Jcube, West Gate has already started operational and IMM mall has also undergo a revamped.

Jurong Lake District encompasses Lakeside – Waterfront Lifestyle Hub and Jurong Gateway – CBD of the west. It includes a total land size of apprx. 360 hectares which will be used for New world class science centre, New Lakeside Villlage, Improved Facilities at Chinese/Japanese Garden, New Park, New Tourist Attraction with “Edutainment Theme”, 50,000sqm office space, 250,000 sqm retail/F&B, 2800 hotel rooms and 1000 new homes.

Lakeville will be the latest new launch development which is located at Lakeside and is within close proximity to Lakeside and Chinese Garden MRT.

Singapore 220314 - Lakeside to get boost from future amenities

LakeSide to get a boost from future amenities UrPropertySG

UrPropertySg has announced that according to Cheryl Ong from Straits Times, Market observers think that the Lakeside will benefit from the new development around the location. This new development is mainly the commercial and medical hub in Jurong Gateway which will see a surge in the working population and medical tourists in the area.

Ms Elaine Chow, executive director of research at Chesterton Singapore, said: "There is no denying the potential for capital and rental growth in the medium to long term. Jurong Gateway is currently a bustling regional centre.

"It is only set to grow bigger, more vibrant and dynamic as a commercial and medical hub with the completion of Westgate, Big Box and the Genting Hotel, a 700-bed Ng Teng Fong General Hospital and 400-bed Jurong Community Hospital."

Read More at Straits Times [22/03/2014] Money on what Cheryl Ong from straits times wrote.

The latest private residential project to hit Lakeside will be MCL Land's Lakeville in Jurong West Street 41. The 99-year leasehold development will feature one- to five-bedroom units ranging from 560 to 2,517 sq ft.

Saturday, 22 March 2014

UK 220314 - Royal Wharf sells 50% of 811 units on first day

Royal Wharf sell 50% on First day

UrPropertySG has revealed that Oxley Holdings Limited (Oxley) had launched Phase 1 of its premier London waterfront development, Royal Wharf, in London and Singapore. It was launched in London on Thursday, 20 March 2013 and Singapore on Friday, 21 March 2013.

According to Singapore Business Review, the development has received strong market response which resulted in 50% of 811 units sold on the first day of its launch.

Mr Ching Chiat Kwong, Chairman & CEO of Oxley, said, “Royal Wharf is our first development launched outside of Singapore, and also our most exciting project to date because it offers buyers not just a house, but a refreshingly new waterfront lifestyle concept. We are extremely encouraged by the response to the launch in both locations.”

Royal Wharf is situated within approximated 20 minutes from the Central London and is within the regeneration of Royal Docks in East London. It is well connected by various transport means namely the Pontoon DLR and future CrossRail.  Market Observer will be following this development closely as there are many potential in the Regeneration of Royal Docks


Friday, 7 March 2014

UK 060314 - Crossrail a shot in the arm for London property developers.


London’s Crossrail scheme is galvanising property development along the route of the new £14.8bn east-west line, with nearly half of developers citing it as a motive for construction in 2013 – up from 15 per cent in 2009.

When it opens in 2018, Crossrail is expected to increase the city’s rail network capacity by 10 per cent, promising much-needed relief to the capital’s transport system.

But as well as easing a looming transport crunch in the city, it also appears to be boosting commercial and residential building.

Between 2008 and 2013, an average of 41 per cent of planning applications within a kilometre of stations cited the route as a justification for going ahead with construction – rising to 48 per cent in the first half of 2013, according to research commissioned by Crossrail from property consultancy GVA.

Read Full Article @ The Financial Times

Tuesday, 4 March 2014

UK 040314 - UK home price rise quickens at fastest pace in seven years

UK home price rise quickens at fastest pace in seven years

[LONDON] UK house-price growth accelerated in February to the fastest in seven years as London led a recovery that's spreading across the country.
Prices in England and Wales rose 0.7 per cent from the previous month - the most since April 2007 - with values in London up 1.1 per cent, property researcher Hometrack Ltd said. Fifty-one per cent of postcodes reported gains, the biggest share in almost a decade.
Bank of England (BOE) chief economist Spencer Dale said in a Bloomberg News interview last week that the revival in the property market is good for the economy, and is still in the early stages in many areas outside London.
Policymakers will probably leave their key interest rate unchanged at a record low this week while the jobless rate hovers above the 7 per cent threshold for considering an increase.
"The continued imbalance between supply and demand indicates we can expect further upward pressure on prices in the months ahead," said Richard Donnell, director of research at Hometrack. Outside of London and the commuter area in the South East, "the rate of growth is more muted with buyers remaining cautious and prices rising slowly off a low base".
Demand for housing increased the fastest in two years in February, according to the report. Property listings rose 11.2 per cent, the biggest supply increase since June 2007. Still, Hometrack said supply is rising from a low base.
Mr Dale said the pick-up in transactions will support demand in the economy by spurring house building and construction. BOE data that was to be published yesterday will probably show mortgage approvals rose to 74,500 in January, according to a Bloomberg survey of 22 economists. That would be the most in six years.
From a year earlier, prices were up 5.4 per cent in February, Hometrack said. All 10 regions tracked by the group showed gains on the month and Mr Donnell said the majority of areas showed double-digit increases in demand.
The gains in prices have spurred some concern that the UK is facing a bubble and that government incentives are contributing to the pressure. A separate report by LSL property services yesterday showed the average house price for first-time buyers rose 16 per cent in January from a year earlier to £155,832 (S$330,620).
"Any of us who have lived through any sort of economic history will know you can go from a healthy housing market to an overheating housing market very quickly, and so our job is to worry about those types of things and be alert to it," Mr Dale said. "We're fully alert to that risk." - Bloomberg

Thursday, 16 January 2014

Singapore 160114 Upper Payar Lebar site draws $392.3m bid with 7 Bidders.

Upper Payar Lebar site draws $392.3m bid with 7 Bidders.

Property market is still healthy. Developers are very hungry for land ! With a bid price of $392.3m,
the likely selling Price for paya lebar site (99 years tenure) would be $1200 to $1300 Psf.

Friday, 20 December 2013

Singapore 191213 Government cut land sales under weight of supply

Government cut land sales under weight of supply

For H1 2014, MND will release via validated list 8 sites that can create 4,630 private houses. The 4,630 private houses that can be generated from the verified list sites slated for launch by the government in H1 following year is not only down 22.3% from the existing H2 2013 slate however is likewise the most lowest half-yearly quantum considering that H1 2010, when the figure was 2,925 units.

Across the board, the Ministry of National Development (MND) is scaling back the Government Land Sales (GLS) Programme for private real estate, business and hotel sites for the very first 6 months of 2014 to factor in the big supply pipe. The action is seen as an effort to engineer a soft landing.

For H1 2014, MND will be introducing with the validated list 8 sites that can produce a total amount of 4,630 private homes (consisting of 2,165 executive condominiums) against 5,960 units(consisting of 2,785 ECs) in the current slate. In all, there will be 7 pure residential sites on the verified list in the very first half next year, below 10 presently.

MND kept in mind the validated listing supply will be "included in the existing big pipe supply of 97,400 real estate units(consisting of ECs)".

Supply on the reserve listing will likewise be trimmed 15.1% to 6,955 systems (including 605 ECs) in H1 following year from 8,195 Units (inclusive of 535 ECs).

For business area, the combined verified and reserve listing supply of 193,340 sq metres (2.08 million sq ft) gross flooring area (GFA) for H1 2014 shows a large decline from 268,050 sq m under the existing slate. It is additionally the lowest since H1 2006, when the overall supply was at 125,505 sq m.

No Hotel site will certainly be available under the GLS Programme in the following half-year for the first time because the reserve list system was minted in H2 2001. MND indicated "a healthy and balanced pipe supply of 12,700 Hotels rooms".

Summarizing its strategy, the Ministry stated: "Supply from the GLS Programme, together with the huge supply from projects in the pipeline, is anticipated to be ample to comply with the need for personal housing and business area over the next couple of years.".

Further elaborated news @ Business Times 

**Information Edited by UrPropertysg. Check up Latest New Launch Development.


Friday, 6 December 2013

Malaysia Iskandar 061213 - Medini Exemption of Real Property Gain Tax

Medini Iskandar

From January 1, 2014, property sold within the initial 3 years of acquisition will go through higher Capital gains tax of 30%. This is an increase from the 15% for property disposed of within the first two years under Budget 2013 and the 10% for residential property disposed of between the 3rd to 5th year.

Real Property Gain Tax Malaysia

For Foreigner, they will faced a 30% Real Property Gain Tax of 30% if property dispose off within 1st-5th year and 5% from 6th years onward. In addition, foreigners can only buy properties valued at RM1 million and above.


Currently, all Medini projects have been exempted, prior to all these announcements, from property tax for first buyers, and are also exempted from minimum threshold from foreign investments.

"These exemption will be extended and most likely push investor to Iskandar Medini" said Zhuoyan Iskandar's(a joint venture company backed by Chinese property developer Zhuoda Group and Malaysia's Iskandar Investment Berhad) sales & marketing director, Liang Thow Ming.

With this exemption, Medini price will increase and likewise, Puteri Harbour will appreciated more due to it's unbeatable "Sea/Harbour View" and "Freehold status" as compare to Medini.

Read more about Puteri Harbour Development : Puteri Cove Residences  

Malaysia Public Holiday


Johor weekend holidays will changed to Friday and Saturday. However, banks will get the exemption. Bank will continue to operate on Saturday & Sunday.