Saturday, May 28, 2011
Friday, May 27, 2011
What is investment | Developer sees 10% rental yields from office tower
What is investment | Kuala Lumpur: Property developer Khor Joo Saik Sdn Bhd expects to generate a rental yield of 10% within three years of operations of its Grade-A office tower, 35-storey Menara Binjai.
The building, which has a gross development value of MYR180mil, is strategically located along Jalan Binjai and Jalan Ampang, and will be launched in the final quarter of this year, according to director Chua Guan Hock.
Source: StarBiz, dated: 25-May-2011
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The building, which has a gross development value of MYR180mil, is strategically located along Jalan Binjai and Jalan Ampang, and will be launched in the final quarter of this year, according to director Chua Guan Hock.
Source: StarBiz, dated: 25-May-2011
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New Semi Detached & bungalows for sale at Jln Adams / Jln Barnett
3stry Bungalow: 6 Bed and 6 Bath at MYR5,800,000 and comes out to 550 psf. It has its own swimpool.
3stry Semi-d: 5 Bed and 4 Bath at MYR3,900,000 and comes out to 542 psf.
Currently the land is under piling. The structure will be very solid since it's only 3-storey high.
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Property in Bays Avenue 3S Shop (corner lot) looking for tenant.
B/U: approx. 4650sf
Asking : MYR2.00psf/mth
Note: Only ground floor available
Do call Vulcan at +6 016 451 1321 if interested to view.
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Why Penang?
Well, I was born in Penang and I've been astonishing to see how year-by-year the property market gains its momentum and has been appreciating. So there're the reasons that I setup this site. A place where you as investor find it as one-stop centre to get information and some good buy with good ROI with my listing of property to sell or rent(if you are not staying but would like to generate cash flow). In essence this will make your process of acquiring property made easier.
For your information, Penang Island has been shortlisted by Lonely Planet Magazine as one of the top 10 islands that must be visited. Penang also under UNESCO World Heritage Site listing for its buildings.
For your information, Penang Island has been shortlisted by Lonely Planet Magazine as one of the top 10 islands that must be visited. Penang also under UNESCO World Heritage Site listing for its buildings.
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Current US property market
Homes in the foreclosure process sold at an average 27 percent discount in the first quarter of 2010 as almost a third of all U.S transactions involved properties in some stage of mortgage distress according to RealtyTrac Inc. A total of 232,959 homes sold in the period had received a default or auction notice or were seized by banks.
The discount reflects the average sales price of homes in the foreclosure prcess compared with the average sales price of properties not in distress. About 31 percent of all U.S. sales in the quarter were of homes in some stage of foreclosure.
Article dated: 16-May-2011
Reference on US property:
REIClub: http://www.REIClub.com
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The discount reflects the average sales price of homes in the foreclosure prcess compared with the average sales price of properties not in distress. About 31 percent of all U.S. sales in the quarter were of homes in some stage of foreclosure.
Article dated: 16-May-2011
Reference on US property:
REIClub: http://www.REIClub.com
Back to Main Page: www.VulcanInternational.blogspot.com
Current UK property market
Monday 13th June 2011
Taxpayer-funded Lloyds to suffer most if house prices drop
Investment bank Morgan Stanley is expecting UK house prices to drop 10% by the end of next year.
If that happens, it predicts that taxpayer-funded Lloyds will be the most exposed bank.
Analysts at the investment bank say in a report: “We still think that the UK housing market will see another leg of correction. Our central case is that UK house prices will be 10% below fourth-quarter 2010 levels by the end of 2012. Among UK banks, Lloyds is most exposed.”
Morgan Stanley think that Lloyds is likely to be worse hit by house price falls because of greater losses from its loans.
Over half (54%) of Lloyds lending is in UK mortgages, with the amount standing at £341bn last December.
Morgan Stanley’s analysts forecast that 27% (£90bn) of these loans will be in negative equity by the end of 2012.
Lloyds shareholders will not be delighted at the news. Their shares have been battered again after a £3.2bn hit over its mis-selling of insurance policies.
The Government has a 41% stake in Lloyds.
___________________________________________________________________
UK housing market woes(Source: StarBiz, dated: 25-May-2011)
More price falls seen after unexpected slump in sales this spring.
LONDON: The UK housing market is bracing itself for more price falls after an unexpected slump in sales this spring thanks to economic uncertainty, prolonged good weather and the glut of bank holidays.
Average UK house prices had dropped 1.5% since the New Year and were now 20% below the pre-downturn peak in the summer of 2007.
Hometrack, a consultancy analysing estate agents' sales data across England and Wales, said average prices had fallen 3.3% in the past year and might drop further "as consumer confidence weakens and household incomes remain under pressure".
The website, www.propertysnake.co.uk, monitors homes when they are first advertised for sale, and then tracks changes to their asking prices. It says no fewer than 210,000 of estimated 400,000 homes now on sale have reduced their prices.
The only exception to the housing market woe is in central London itself, where homes continue to sell at prices equal to, or even above, pre-recession levels.
Taxpayer-funded Lloyds to suffer most if house prices drop
Investment bank Morgan Stanley is expecting UK house prices to drop 10% by the end of next year.
If that happens, it predicts that taxpayer-funded Lloyds will be the most exposed bank.
Analysts at the investment bank say in a report: “We still think that the UK housing market will see another leg of correction. Our central case is that UK house prices will be 10% below fourth-quarter 2010 levels by the end of 2012. Among UK banks, Lloyds is most exposed.”
Morgan Stanley think that Lloyds is likely to be worse hit by house price falls because of greater losses from its loans.
Over half (54%) of Lloyds lending is in UK mortgages, with the amount standing at £341bn last December.
Morgan Stanley’s analysts forecast that 27% (£90bn) of these loans will be in negative equity by the end of 2012.
Lloyds shareholders will not be delighted at the news. Their shares have been battered again after a £3.2bn hit over its mis-selling of insurance policies.
The Government has a 41% stake in Lloyds.
___________________________________________________________________
UK housing market woes(Source: StarBiz, dated: 25-May-2011)
More price falls seen after unexpected slump in sales this spring.
LONDON: The UK housing market is bracing itself for more price falls after an unexpected slump in sales this spring thanks to economic uncertainty, prolonged good weather and the glut of bank holidays.
Average UK house prices had dropped 1.5% since the New Year and were now 20% below the pre-downturn peak in the summer of 2007.
Hometrack, a consultancy analysing estate agents' sales data across England and Wales, said average prices had fallen 3.3% in the past year and might drop further "as consumer confidence weakens and household incomes remain under pressure".
The website, www.propertysnake.co.uk, monitors homes when they are first advertised for sale, and then tracks changes to their asking prices. It says no fewer than 210,000 of estimated 400,000 homes now on sale have reduced their prices.
The only exception to the housing market woe is in central London itself, where homes continue to sell at prices equal to, or even above, pre-recession levels.
Back to Main Page: www.VulcanInternational.blogspot.com
Who Am I and what can this blog serve you?
My name is Vulcan Lau aka VulcanInternational. I'm a private investor and Real Estate Negotiator. My email: vulcan.lau@gmail.com
What can this blog serve you?
- Once you appoint me as your Real Estate Negotiator, I'll be acting to the best of my ability in protecting your interest on the subject property in professional conduct.
- Provide you with comprehensive information with regards to transaction that going to take place. This will make you aware of what are the embedded costs that might be incurred.
- Valuation on the subject property and advise you on legal fees(for bank loan and Sales Purchase Agreement).
Note: All the currency quoted in this blog is in MYR/RM(Ringgit Malaysia) unless stated otherwise. I've provided Currency Converter Calculator in this blog for the ease of foreign investor.
- Once you appoint me as your Real Estate Negotiator, I'll be acting to the best of my ability in protecting your interest on the subject property in professional conduct.
- Provide you with comprehensive information with regards to transaction that going to take place. This will make you aware of what are the embedded costs that might be incurred.
- Valuation on the subject property and advise you on legal fees(for bank loan and Sales Purchase Agreement).
Note: All the currency quoted in this blog is in MYR/RM(Ringgit Malaysia) unless stated otherwise. I've provided Currency Converter Calculator in this blog for the ease of foreign investor.
Back to Main Page: www.VulcanInternational.blogspot.com
Thursday, May 26, 2011
Penang Property Talk | Estate Management | Property Valuation Real Estate In Penang(based on Malaysia Valuation And Property Services Department FY2010 Report)
Penang Property Talk | Estate Management: Attached below are graphs that represented various property segments:
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