Bungalow and Semi-detached at Sungai Puyu, Butterworth open for registration
Call 04-3310728 to register
or follow our facebook page
or follow our facebook page
Feb 4, 2012
Semi-D at Taman Gemilang Indah, Bukit Mertajam for SALE
Semi-D with large land area and long driveway @ Lorong Gemilang Indah 4, Taman Gemilang Indah, 14000 Bukit Mertajam, Pulau Pinang for sale.
Walking distance to Gemialang Commercial Centre
5 minutes drive to Jit Sin High School
5 minutes drive to Auto City and Juru Toll Plaza
Call 012-4207628 or visit http://www.4u.my/gch/
Aug 2, 2008
Aboutus page
Creat a Aboutus page for a web site is easy, just insert the domain name in the search box of http://aboutus.org/ and click "Find", chances that the Aboutus page of your web site is already there, even if the page does not exist, it is created instantly with information collected by the site robot. The details of the Aboutus page can be edited or additional information added to your liking and in the process an additional one way back link is created for your site. We have created ours
realestate2u.com.my - http://www.aboutus.org/Realestate2u.com.my
realestate2u.net - http://www.aboutus.org/RealEstate2u.net
realestate2u.my - http://www.aboutus.org/RealEstate2u.my
realestate2u.info - http://www.aboutus.org/RealEstate2u.info
4u.my - http://www.aboutus.org/4u.my
Jul 23, 2008
Jul 18, 2008
Our Facebook Page
Our malaysiaproperty.blogspot.com Facebook page can be accessed here. We have also started a mini discussion board, please feel free to participate. Link to mini discussion board.
Jul 17, 2008
Facebook page for 4u.my
We have followed the latest trend and created a facebook page for one of our real estate classifieds http://4u.my/ , the page can be accessed here.
Jul 14, 2008
Increase in material cost
The recent increase of prices of building material are being published and discussed in many articles in the newspapers as well as online news portals. The extent of increase in price is reported to have caused more than 30% increase in cost of construction. Prices of items like steel bar and cement have increased the most and others to a lesser extent.
Some developers have announced that prices of new launch will see an increase of 25% to 30%. Let us see objectively if the proposed increase is justifiable.
The selling price of a property is computed with of the followings:-
1. Cost of construction
2. Professional fees
3. Finance charges
4. Authorities processing fees & contribution
5. Office overhead
6. Land cost
7. Profit margin
Out of the above list of cost, two items namely cost of construction and land cost constitute the major portion of the selling price.
Cost of construction forms about 40% or higher percentage of the selling price depending on the location of development. In city area where land cost is high, cost of construction constitute a smaller portion of selling price. In rural area where land cost is low, construction cost form the major part of the selling price.
Assuming if the construction cost constitute about 40% of the overall development cost, then an increase of 30% in cost of construction will only result in approximately 12% (0.4 x 30%) increase in the selling price if the developer were to maintain the profit margin in absolute dollars and cents, however if the developer would want to maintain the margin in term of percentage of the cost, then the resulting increase would be higher than 12%. In any case there would not be a corresponding increase of 30% in selling price just because the price of construction has increased by 30% as the cost construction is only a part of the overall selling price.
In fact, the price of properties in prime area has been increasing at much faster pace even before the recent huge hike in material price due to increased demand from investors hoping to sell later at higher price.
Those who have bought properties before the recent hike in material price may be pretty happy now that the price of property in good location will see good support because even if there are new launches in the same area, the price will not likely to be cheaper because the cost of construction has gone up and there are no indication at the moment that the price of material will soften.
Jun 6, 2008
Price increase
The recent hike in petrol price has resulted in the increase in transport charges as announced by the transporters, building material prices are set to rise too as the result of the hike in transport charges. The hike in transport charges mean prices of food stuff will also rise. But with the electric tariff hike on 1st July, there will be another round of price hike and as the result of all these factors, ordinary guys on the street will have less money in their pocket to spend. This will mean less demand for real estate and property which mean the developers will find it difficult to pass on the cost to the consumer even though the cost of construction has gone up.
The cost of construction has been widely reported to have risen by about 30%, does it mean that price of house will increase. I would believe so as the increase in material cost has resulted in lower margin for the developer. Except for those who specialise in high end properties where the margin is extremely good, any increase in material cost mean lower profit but for those who work on tight margin, the recent increase in material cost will render the project not viable.
As a result of increase in construction cost, developer will have no choice but to increase the selling price of the properties but how would the sale be affected by the price increase is anyone guess. With the uncertainty in the material cost coupled with less disposal income of general public, it would be difficult for developer to strike a balance maintaining reasonable profit and maintaining the affordability of the property. Many are adopting a wait and see attitude and delaying their new launches.
Viewing the scenario positively, with less new launching ahead, many of the unsold units will be taken up and this is healthy for the overall real estate sector and when this is all done, you can expect the price of property to shoot up.
Jun 4, 2008
May 3, 2008
Real estate classifieds for agents
With the ever increasing number of Malaysia real estate classifieds web sites in the internet today, there is actually little need for individual agent to set up their own real estate web site. They can conveniently advertise in many of the property web sites that offer free listing. One of the latest real estate web site http://4u.my/ allows agent to have a profile page whereby all information about the agent including his photo, phone number, web site link etc is displayed together with the list of the properties he or she has posted. Agent may also choose to upload an image of his name card instead of his photo, this serve as an advertising page for the agent.
All registered users is allowed to post unlimited amount of listings and agent can upload up to 7 photo for each listing. However for those who need bigger exposure, they can subscribe for the featured listing or featured agent package for a fee.
Agent can also subscribe for an email alert so that he will be notified with an email when a property that fit his criteria is submitted to the property portal.
Link to email alert
Apr 28, 2008
Countdown to soft launch of Spring Condo, Penang
Soft launch of Spring condo in confirmed to be on
Date : 3-5-2008
Venue : E & O HOTEL , Grand Ballroom
Time : 10.00 am
I have received the official invitation.
You may want to read the following article before the purchase.
Tips on condo buying
Apr 21, 2008
IJM to soft launch Spring Condo in Penang
The soft launch details:
Date : 3-5-2008 ( Saturday )
Venue : E & O Hotel
Time : 10.00 am ~ 6.00 pm
Land Status : Leasehold
Related post:-
http://malaysiaproperty.blogspot.com/2007/10/ijm-to-launch-spring-condominium-soon.html http://malaysiaproperty.blogspot.com/2008/04/progress-photo-of-spring-condo-by-ijm.html
http://www.realestate2u.info/pages/2007/10/20/spring-condominium-penang-by-ijm/
http://www.realestate2u.info/pages/2007/10/21/facilities-amenities-spring-condominium/
Apr 11, 2008
Sunway Vivaldi @ Mont Kiara
Sunway City Berhad is holding a Priority Launch of the "Sunway Vivaldi" on 13th April 2008 at Kiara Hill Management Office.
Sunway Vivaldi, a luxury and large-scale residential project sitting on a freehold site in Mont’ Kiara, Kuala Lumpur, features a spacious living environment. The project is expected to complete in 2011. It provides a total of 228 units arranged in six towers, including luxurious 3- to 4-bedroom condominiums, duplex condominiums, sky villas and super penthouses.
Apparently, it is also launched in Hong Kong too, read the report.
Developer web site.
Apr 8, 2008
Using blogger.com blog as personal real estate web site
Take a look at the web site http://www.myapartments.blogspot.com/ , a good illustration of a real estate agent creating a good personal web site using blogger blog.
Also read our article.
Apr 2, 2008
Mar 16, 2008
Official launch of Nautilus Bay in Penang by IJM
Nautilus Bay by IJM Penang where O.C. has been obtained will be officially launched on :-
Date : 16th March 2008, Sunday
Time : 10.00 a.m. - 6.00 p.m.
Venue : Showhouse, Nautilus Bay Site
Developer web site
Mar 13, 2008
Capital assets
Property investors seeking capital gains in residential assets in Asia may want to look beyond the altered political landscape in Malaysia and the heavily rattled equity market and instead turn their attention to condos in the country, where the economy grew 6.3 percent last year......Read further.
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