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Sunday, 28 December 2014

Pangsapuri Widuri Study tour

Today arranged a study tour to the Pangsapuri Widuri at Raja Uda.
Total 6 persons turn out at 2pm sharp.
That is great as we do not waste much time and straight away can study around Pangsapuri Widuri and visit 2 units on Block B.

2.00pm -  Gather in Block A Pangsapuri Widuri (in front of Guard house)
Everyone is very punctual. Kudos for all attendees.

2.05pm -  Briefing on the Pangsapuri Widuri Details
Quick and brief on the project can explained during the study. Past and Present click Here

2.15pm -  Viewing on 2 units at Pangsapuri Widuri
Head to Block B Level 14 to view 2 units with different facing.
One is facing the Raja Uda main road and the other unit is facing Penang island.
Unit facing Raja Uda is very windy.
Unit facing Penang island command an awesome unblock view of the Andaman Sea.

2.40pm -  Discussions
Members discussed the Do's and Don't during the unit viewing.
Also give ideas and suggestions how should all go and work together to acquire units.
Discussed the plus points of the locations, amenities at surrounding, potential upside of this project  compare to the Sri Chempa, Tambun Indah latest project etc.
The potential growth for this project looks very positive with a lot of activities going around.

2.55pm - Moving forward : Plan and execution
All agreed to work as a group and help each other to acquire as much unit as possible.
Tracking required for each unit and follow up from there by other members.

Below are some of the picture taken during the tour.

Small garden at Pangsapuri Widuri
 Car park at ground level at Pangsapuri Widuri
Ground level car park at Pangsapuri Widuri

Friday, 26 December 2014

Visit to Spectrum Residence Show house

It has been raining for the past few days.
The rain has stopped and the weather turn out to be better on the Christmas day.
I went to the Spectrum Residence show house near the Beng Teik Primary school.

Spectrum Residence is a condominium developed by Zuwen Bina.
Build up sice is from 1217 sqft till 1282 sqft.
The difference is just the balcony size.
Smaller unit only has one balcony whilst bigger unit has 2 balconies..
Each floor will have 12 units.

In term of location, it is close proximity to ameniteis as below:
  • RHB bank
  • SRJK (C) Pusat Beng Teik
  • wet market
  • Billion supermarket
  • Food courts
  • 5 minutes to North-South highway
  • 10 minutes to Penang bridge

Pricing start from $288/sqft.

Park View Renovation in progress

Here is the update for the renovation photo which is in progress

A lot of challenges face when dealing with the management and the site supervisor.
Anyway, all dealing went as per wish.

Thursday, 20 November 2014

Park View rental unit before renovation photo

Below are the few photo taken before renovation start
Common bathroom, not sure why it become so dirty. So much different during 1st viewing 5 months ago.
 2nd bedroom
Mmaster bedroom, the furniture will be removed.
 Master bathroom

 Dry yard
 Living hall

Applying PBA and TNB on behalf of Owner

After getting the key for our first rental unit at Park view,I went to apply for the PBA (Perbadanan Bekalan Air) and TNB (Tenaga Nasional Berhad) for our unit.

Since our proxy is not coming, before I went to the PBA and TNB, I already ask my Proxy prepared an Authorization letter and photocopy of his NRIC. I will be applying on behalf.

First stop is going to the PBA near the Jetty. The address is as follow:
Taman Selat
No 77 Taman Selat,Jalan Bagan Luar
12000 Butterworth,Pulau Pinang

The moment I step into the PBA office, there is a middle age man arguing with two officer about his application.
They talked so loud until the whole office can hear them. If I heard correctly, PBA officer told him that his house meter is belong to new owner.
Someone has sold his house away and the water meter ownership has changed. He seem puzzled and not agreed. The PBA officer show them the SPA document etc.
Then the man start to call anyone he can help.

I only waited for less than 5 minutes and call for my turn.
I submitted the pre-prepare documents:

1) Photocopy of SNP
2) Authorization letter
3) Owner NRIC
4) RM10 stamp duty

I did not photocopy of my own NRIC, she help me to do it.
The officer required me to sign 3 more forms which is on behalf.

The account will be issued under the PROXY name.

Total PBA application cost:
Since the current owner is not terminate yet. So I need to pay RM10 for the stamp duty.
The deposit is RM70.

Stamp Duty:RM10
Deposit: RM70 (Will be refunded to owner by cheque upon termination in future)

At this moment, the middle-aged man wife call and talked to the officer to clarify the confusion caused.
The havoc arise due to the wrong address given, the man seem relief after knowing his house is not sold to others without his knowledge.
The PBA officer told me that the problem of having too many houses and mixed up with the address.

This is first time I do on behalf on the Proxy.Overall the process quite smooth.

The next stop will be the TNB at Seberang Jaya.
The address is as follow:
Kedai Tenaga
Jalan Tenaga Seberang Jaya,
13700, Prai, Pulau Pinang

I queue to get my ticket for the transaction. I told the officer that I am applying the TNB on behalf of the owner. After giving the property details, the officer mentioned that I cannot do it today because the current owner not yet terminate his account.

Her advice is as follow:

Scenario 1:
1.0) Fill up the cancellation form by the owner and sign
1.1) Bring the form together with his Photocopy NRIC
2.0) The new owner also need to fill up the form and signed
2.1) Bring the form together with new owner Photocopy NRIC

3.) A copy of SNP

Scenario 2:
1) If cannot locate the current owner, can inform TNB for new application
2) TNB will give the new owner 2 weeks period, if the current owner no response, the new owner application will be approved.
3) Of course the following documents still required:

  • The new owner also need to fill up the form and signed
  • Bring the form together with new owner Photocopy NRIC
  • A copy of SNP
A day ended with only 1 mission accomplished.

Monday, 17 November 2014

Seri Tamarin at Tanjong Tokong

Some day last week, I got an email with title :"Tanjung Tokong property at around RM 650 Psf !!" sitting inside my mailbox.

Of course I am fully which organization sending me this e-mail.
Form the title it sound really attractive, wish that i would get a unit there. For the past years,I keep looking at that area and not able to afford one till today.
That area would be cost around at least RM750 psf and above, it can go as high as RM1000 psf which is on par with KL and JB Iskandar.
Below is the sales pitch from the email.

Would it be possibly the best investment you ever made if you can get a piece of this luxury property in Tanjong Tokong, Penang at around RM650 psf when all around you everyone is paying above a thousand ringgit per square feet (psf)?

What's the catch you will ask? Yes...there is. We bought it bulk (only a few) and we can only hold it till 30th November. Therefore the Catch is you must decide fast.

And... You must be a member. If you are not, you must at least be my friend, which you probably are since you are one of the few who got this message. But you still must become a member.

Here are 7 reasons why you don't want to miss one of three presentations we are arranging this next two weeks.

Average price for all property in Tanjong Tokong is over a million ringgit. This one is at ONLY RM650k!
Average price per square feet (psf) in this area is RM1000-RM1500. This one is around RM650 psf.
Developer is well known...really really well known!
This area is well developed and in high demand. Top three areas where all Penangites want to own a property.
All islands in the world where Chinese is majority whether it is Hong Kong or Singapore has one in common..... Property price goes up up up......this one will go up too.
Walking distance to a MAJOR hyper mart.
15 mins walking to a nationwide College.

I am not a member of this club yet. So in order not to waste time, I did not go.
My friend went for the presentation and below is his sharing.

Based on the information given above, it only covered the financial part. Required to dropby developer office to understand more.

Will follow u once got more information.

Sunday, 9 November 2014

Malaysia 2015 Personal Tax rate table

Refer to below on the 2015 personal tax rate table.

Source form Personal Money Nov'14 Issue

Shoplot at Taman Sri Nibong

Today weather is beautiful with clear sky. Since last month gathering from the PIA, there is one member sharing on the Shoplot at Taman Sri Nibong, only today I have time to go for the site visit.

Below are the few picture taken during my site visit.

Big huge car park in the middle of the shoplot.
Even is on Sunday, the car park looks quite occupy.

At the moment, did not have further information as did not ask for any viewing.

Preliminary check below are the initial asking price.
Ground floor ~ $1.28M
2nd Floor ~ $300k

Thursday, 6 November 2014

Permas City Details layout and Pricing

I get more information from the developer after the first enquiries.
Highlight Red and Green as Available Unit
  • Red as International Lot
  • Green as Bumi lot

B-55L = RM1,900,000

A-36G, A-25G, A-24G = RM2,100,000

A-04B, A-05B, A-12B, A-13B, A-14B, A-16B, A-19B = RM2,600,000

B-55L = 22 x 70, 4620 SQFT (without lift), 3 Storey Shop

A-36G, A-25G, A-24G = 22 x 118 / 22 x60, 5103 SQFT (without Lift), 3 Storey Shop

A-04B, A-05B, A-12B, A-13B, A-14B, A-16B, A-19B = 20 x 70, 5465 SQFT (Share Lift), 3 Story Shop with Mezzanine Floor

For Unit A-04B, A-05B, A-12B, A-13B, A-14B, A-16B, A-19B the Upper Ground unit will have a 6 meter high celling.

Parking Lot = 600 in Multi-storey and Open-air Car Parks
Title = Strata, each story have a title
Tenure = Freehold

Discount for Customer = 18% on Intermediate lot, Free SPA Legal Fee Only for All Available Unit, Free 6 Months maintenance fee

Completion date according from our Progressive Schedule is estimated around OCT 2015

We are using semi-mall concept for this Phase 2 project. For Block C Upper Ground have a walk way can access to each unit of the shop lot. The Lower Ground will be a Food Bazaar, Level Upper Ground to Level 4 (5 multiple Storey) Car Park. Level 5 will be a Banquet Hall (130 Table), Level 6 will be an Open Bar. Total 8 Storey  

 Air-Conditioned Food Bazaar Permas City Food Bazaar is endorsed and supported by Malaysian Government KPDNKK (Ministry of Domestic Trade, Co-operatives and Consumerism), under the 12 National Key Economic Areas (NKEAs) as one of the Entry Point Projects (EPP5 Makan Bazaar). Permas City is deeply honoured by the support of the Minister of MDTCC, Menteri KPDNKK, YB Dato’ Sri Ismail Sabri Bin Yaakob

7-Storey Boutique Hotel. A new way of Boutique living basked in homely warmth, where modern comforts, business connectivity and attentive service.

For future development in Phase 3, we will build a service apartment which is around 800 unit with shopping mall.

After that there is a Proposal for Hotel rated as 4 to 5 Star, and there is an International wholesale center

Wednesday, 5 November 2014

New launch值得买吗?

  • 买二手产业手续麻烦,买不到理想的单位,左看右看,都买不到一间好的单位。
  • 加上买二手要出多首期,买一间$450间的单位,首期+律师费+印花税起码要负55千到65千左右,还没加装修费,买家私费用等等,起码都要给多$40-$50千左右做装修和买家私。
  • 但是买New Launch就不一样,只是付$10千左右就可以买到一间,然后买家私装修40-50千,都是付了$50-$60千左右罢了,最少都省50千。
  • 加上买1000sqft以上的单位,有包两车位,可遇不可求的新楼盘。
  • 大多数免律师费。
  • 买产业一定是以本小利大的概念来购买,不要用太多的本钱购买,把自己弄得太负担
  • 要旧一点,但是要买贵很多,加上给多50千的首期,值得吗?为什么不选择买好一点,买新的产业,可以省回50千的首期呢?
  • 通常有几个阶段或不同的发展期,下一期就会起价,买一样的东西,给贵了,也是不值得。



Done a preliminary check on the Puchong,cyberjaya and USJ condo price as below table