Malaysia Real Estate

[olgab]

Hi Guys,

New commercial project has been luanched not long ago.

PROJECT DESCRIPTION
 Anticipated Completion: Q3 2011
 Developer: Jastamax subsidiary of Mah Sing Group; who currently have approximately USD 900 million worth of property under development
 A contemporary investment grade, lifestyle commercial development
 Mixed Use Commercial: Retail, Restaurants, Cafes and Offices
 Ample Parking
 26 Standard Office Suites
 10 Duplex Office Suites
 Sizes range from 674 to 1,712 sqft
 Prices from approximately USD 97,000 to USD 284,350
 Freehold ownership

FINANCE
 Assistance with mortgage application
 70% LTV mortgage finance available (subject to status)
 BLR – 1% subject to borrower paying all fees of the loan

RENTAL RETURN
 Estimated gross rental yield of over 8% (source: Knight Frank)
 Current office rentals are estimated to appreciate by approximately 10% per annum over the next 2 years (source: CLSA Asia-Pacific Markets)

TAX & LEGAL
 All documentation can be signed in your country of residence
 We will manage the complete buying process and communicate with the developer, lawyers and banks on your behalf
 0% capital gains tax since April 2007

Should you be interested please email us at obartlett@farringdongroup.com

Cheers,
OlgaB

[olgab]

What are your thoughts? Anybody?

[chua bin]

mah sing... this company have bunch of project!!!!!

any update?

[olgab]

Hi there,

The developer has indicated that prices are likely to increase between 5-15% in the coming months as building prices continue to rise and contractors make use of their inflationary clauses in there contracts with the developer.
If you buy now you pay the prices stipulated our in the availability list. The price increase is just an indication and should be taken that way too. As all of you are aware there is a lot of problems in KL with political stability and inflation, so this price increase may or may not happen.
Its just best to advise the buyer that there is a massive undersupply in A grade commercial property in the central KLCC area. Also there is a lack in smaller units, such as the ones in Southgate.

OlgaB