PROPERTY SNAPSHOT 3: What are developments priced in Brickfields?
Luxury condominiums are located closest to KL Sentral while the mid-cost condominiums are located further away.
Luxury condominiums are located closest to KL Sentral while the mid-cost condominiums are located further away.
MRT 2 is estimated to have an end-to-end journey time of 82 minutes. The proposed alignment moves along the Sungai Buloh-Serdang-Putrajaya corridor.
Eng Han Group’s portfolio includes Premiere Hotel in Bandar Bukit Tinggi, Klang; Wisma LYL in Petaling Jaya; Mesa Hill in Nilai, Negeri Sembilan; M City in Jalan Ampang; Aston Kiara 3 in Mont’Kiara and Nadayu 92 in Kajang.
Brickfields offers a diversity of properties. Some 31% of transactions were for units priced over RM1 million while 15.5% were in the range of RM400,001 – RM500,000 and 12.1% were in the range of RM800,001 – RM900,000.
Sales of the Battersea project may remain slow, given the upcoming supply in the Nine Elms area and the stamp duty hike in the UK last year.
On a q-o-q basis, LBS posted a better net profit backed by higher progress billings as more houses were handed over to buyers and higher product margin. However, on a y-o-y basis, the group’s net earnings were slightly lower, affected by a higher effective tax rate despite achieving higher revenue and profit before tax.
OSK Holdings last year restructured its businesses under property, construction, hospitality, manufacturing as well as financial services and timeshare. In the revamp, OSK Property and PJ Development Holdings Bhd (PJD) were merged into one business entity with a single identity and brand and called OSK Property.
Transaction activity has also been lackluster since 2014. Total transaction volume for the 12 months to 1Q2015 fell 30.1% y-o-y from 166 units to 116 units.
One of the youngest team leaders at MIP Properties shares his views about moving ahead in the industry.
About half of sales transactions for non-landed homes in the 12 months to 1Q2015 in Mont’Kiara, Kuala Lumpur were above RM1 milllion each.