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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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New Semi Detached & bungalows for sale at Jln Adams / Jln Barnett




Attention: Prospect purchaser/investor. If you would like to view the site do call Vulcan at +6 016 451 1321.

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.




L/A: approx. 31' x 65'
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.


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