Lowyat.NET: Latest topics by meejawa

[WTS] KL Gateway Signature Office

meejawa — Mon, 13 Mar 2017 10:15:50 +0800

KL Gateway office for sale (also rent at RM4.5psf):

- 1700sft, facing inside podium/internal garden plaza, best view! Please refer to pictures.
- 9th Floor, Corner Unit
- Direct pedestrian bridge 100m from the KL Gateway to LRT Station
- Easy access to all major highway, via Federal highway, Kerinchi Link and New Pantai Express Highway.
- Green Building Index (GBI) certificate
- Exquisite reception lobby, prestigious executive lounge and fully equipped meeting rooms.
- High ceiling lobby.
- 3-tier security system.
- High speed lift.

012 2965723

[attachmentid=8584878][attachmentid=8584879][attachmentid=8584880][attachmentid=8584881][attachmentid=8584886][attachmentid=8584887][attachmentid=8584888][attachmentid=8584889]

[WTR] Mercu Summer Suites Studio

meejawa — Mon, 13 Mar 2017 10:00:50 +0800

EM2,300pm.
Actual photos of the unit shown.
Summer Suites for rent : Available IMMEDIATELY.
Fully furnished.
High floor : Floor 29 out of 34.
Balcony facing KLCC, nice breeze.

Facilities:
- Swimming pool
- Gym & Yoga Deck
- Jacuzzi
- Function rooms
- Meeting rooms
- F&B outlet
- 24-hour security

012 2965723
Tan[attachmentid=8584796][attachmentid=8584797][attachmentid=8584798][attachmentid=8584799][attachmentid=8584801]

[WTS] Tamarind Square Cyberjaya

meejawa — Wed, 28 Dec 2016 15:33:56 +0800

Just taken VP.
Best unit, A3A3 and A3A3A.
Located in the heart of Cyberjaya,Opposite Multimedia University. Budget 2016: The new Cyberjaya City Centre (CCC) will be implemented in stages for a period of five years. This will cost up to RM11 billion.

Fully-integrated intelligent city
More than 600 business entities (including 331 MSC status companies)
More than 60 MNCs
Top 10 employers in Cyberjaya:HP / HSBC / Shell / T-systems/DHL / IBM / DELL / RBC/ DEXIA/SATYAM / ERICSSON

EXCELLENT ACCESSIBILITY
North-South Expressway Central Link(PLUS)
Lebuhraya Damansara-Puchong (LDP)
Maju Expressway (MEX)
Expressway Lingkaran Tengah (ELITE)
South Klang Valley Expressway (SKVE)
Only 20 minutes from KL City Centre and KL International Airport
[attachmentid=8584855][attachmentid=8584856][attachmentid=8584857][attachmentid=8584858][attachmentid=8584859][attachmentid=8584861][attachmentid=8584866]

[WTS] Sunway Velocity Office for sale

meejawa — Wed, 28 Dec 2016 15:31:53 +0800

Sunway Velocity Office, Maluri, Cheras
1097 sft
Done up wooden flooring, lighting and 2 x Air Conditioner.
Facing Jalan Peel.
RM900psf.

Miness Wellness City

meejawa — Wed, 28 Dec 2016 15:24:07 +0800

Opportunity of a lifetime for Wellness operator.
Enjoy 70% tax rebate on your income tax. This is official, MIDA approved investment scheme for Wellness operator, which includes, but not limited to, Physician/Specialist, Dentist, Organic food seller, pharmacist, massage centre, traditional medicine and many more.

Please refer to the MIDA website for more info : http://www.mida.gov.my/home/forms-&-guidel...ess-city/posts/

The first and only of its kind in Malaysia. If you fall under the qualifying operator, you are qualified.

For eg, if your income is RM1,000,000, the tax you pay will be around RM250,000. If you own and operate your business from this location, you only pay RM75,000! No gimmick, no hidden info.

Still have developer unit (Country Heights) but I have units which is selling below market (need urgent cash). Thanks.

KL Gateway Office, Bangsar South

meejawa — Wed, 28 Dec 2016 15:18:34 +0800

For sale KL Gateway GBI Office.
Within Bangsar South.
Mixed development with Hotel and Luxury Premium Residences.
1700sft.
Overlooking Piazza (Open garden of the mall).
Very near the link to University LRT station.
950psf.
Just collected key.
Agents welcome.

[WTS] KL Gateway Office for sale

meejawa — Wed, 28 Dec 2016 15:17:59 +0800

AirBNB : Summersuites

meejawa — Wed, 16 Nov 2016 13:56:26 +0800

Dear all, I would like to gauge the feasibility of doing Airbnb at Summersuites, as I see there are many owners who are doing this, and looks like the occupancy rate is high (>60%) and rate min USD65. I know the Airbnb company will deduct some commission but still it looks quite profitable. Can anyone share their experience here please? Thanks.

(WTS) PJ SS2 Superlink House (27 x 85) For Sale

meejawa — Tue, 23 Aug 2016 13:40:02 +0800

PJ SS2 double storey link terrace house for SALE.

This is the largest size of terrace house in SS2 with lot size of 27 x 85.

Renovated with 5 ft extension at kitchen, and still have about 20ft to extend if desired.

The following are all new (changed in 2015):
- Whole house wiring
- Whole internal piping
- All toilets tiles replaced and all sanitary wares replaced (WC, sink, heater etc. all new)
- All doors replaced
- All windows replaced
- New grills installed
- Porch flooring re-freshed.
- Water tank replaced
- Parque flooring retained and polished (very good quality)
- Ground floor terrazzo polished (very rare)
- Kitchen floor and wall tiled up
- All new lightings and fans
- New coat of paint

RM1.6m neg.

Tan 012 2965723

[attachmentid=7370760][attachmentid=7370758][attachmentid=7370755][attachmentid=7370753][attachmentid=7370751][attachmentid=7370747][attachmentid=7370742][attachmentid=7370739]

ONE SOUTH (Street Mall office) - urgent

meejawa — Wed, 03 Apr 2013 10:15:38 +0800

Hi all,

I received this from one of the purchasers of the office block (same as streetmall block). It's very alarming and I hope any purchasers here are aware of it. This is potentialy tantamount to dishonest practice! I am not agreeing/disagreeing on this, it's for you to judge; I'm just posting this to make all aware, and it may or may not be applicable to you for other blocks in OneSouth.

**************************************************************
To the developer of OneSouth,

In the said letters, you mentioned that the Vacant Possession (VP) for the said unit can be completed subject to the following 2 (TWO) conditions being fulfilled:

1) All progress billings including any outstanding are fully settled (either by ourselves or our end financier)
2) Full settlement of miscellaneous charges as shown in the attached Statement of Account, which includes full settlement of the purchase price, all miscellaneous charges and late payment charges (if any)

However, I would like to draw your attention to the fact that the conditions above have violated existing terms which were set earlier in the Sales and Purchase agreement (SPA), i.e.:

1) The Third schedule of the SPA : Item no 3 (a), which states the 2.5% of purchase price is to be paid after the handing over of VP
2) The Developer Interests Bearing Scheme(DIBS) is effective until the VP is completed.
3) Clause 6.1 of the Deed of Mutual Covenant: Miscellaneous charges can only be billed after the VP is completed.

Effectively, the SPA clauses mean that VP must take place before full settlement of progress billing , and until that happens, the DIBS scheme must continue to run.

Moreover, VP process must be completed with the following conditions fulfilled:

1) The Certificate of Fitness issues (we received the Certificate of Completion, not CF)
2) Joint Site inspection (to determine dimensional accuracy and visual inspection for defects)
3) Acknowledgement of Delivery Order (with or without defects)
4) Handing over the keys/access cards to the said unit.

Hence, I hereby insist that the charges in the Account Statement(pertaining to interest outstanding) for the said unit be immediately reversed and until full settlement by the end financier takes place, no further interest or other charged are to be incurred by ourselves. Concurrently the above-mentioned actions are to be taken within 14 (fourteen) days from the date of this letter to satisfy the conditions of VP completion.

**************************************************************

SOLARIS DUTAMAS

meejawa — Sun, 12 Apr 2009 10:47:00 +0800

I'm starting this to gauge the public's perception and feedback on this project. Some info"

1. Developer: Sunrise
2. Type : Commercial (Shoplots, 1000 office space, abt 800 service apartment), One office bloc sold en-bloc to TM punya anak's company
3. Price : Shoplots (2.5-8M), office (55psf), Svc apt (400-500psf) - got a few developers unit left.
4. Location : Opposite Duta Nusantara and Duta Tropika.

Anyone there?

Shoplots in Puchong

meejawa — Thu, 02 Apr 2009 16:30:58 +0800

There are so many shoplots development in Puchong, mainly I guess from IOI, and SPSetia as well. Can someone enlighten me on the differences in the shoplots there, ie price, location, l/f hold etc.? I know it's a bit too much, but some overview would be greatly appreciated.

Thanks in advance.
meejawa

How to reduce your EXISTING homeloan

meejawa — Wed, 18 Mar 2009 11:31:03 +0800

Hi guys,

Just thought that this may interest those who are having monthly mortgage commitment and/or would like to squeeze some extra money out of it.

1. Request for rate review (means reduction) or current rate. Yes, you can actually request for the mortgage rate to be reduced. Some banks require you to write in (eg Citibank), but some (eg StanChart and HSBC) can do it over the phone. Just a call and you pay less everymonth, or pay the same and get your property clean in shorter time. Caveat: once the new rate takes effect, you will be locked in a fresh holding period (3-5 years). Usually at 3-5% penalty rate. If the property is for staying/long term investment, why not?

p.s. Has anyone got calls from banks regarding pre-approved loan? I got called up a couple times, and (this is what they said) they mentioned that if I buy new/refinance my prop the loan will be automatically approved. I'm trading carefully on this (in case it's just a big frog jumping around) , but imagine if it's true!

2. Refinance. Similar to the above, this can be done during or after the lock in period, or even if the prop is completely paid off already. Usually investors use this method to wring more money out of the equity increase in the prop. For eg. you bought a prop at RM100k and took out RM90k loan, after 3 years, the prop's price has increased to RM130k. But you still have abt RM80k(assuming) of loan. So what do you do? Refinance, and if you get 90% margin again, you will get extra RM130k-10%-RM80k =RM37k. This is EXTRA RM37k for you for other investment. Please please please do not use this method to get the money to buy car, vacation or anything which will be used and gone. Remember, drink the milk, don't eat the cow! It's healthier too!
Caveat: You assume higher repayment, so make sure your cashflow is not restricted. If -ve cashflow is generated by this mean, don't do it. Also, fresh lock-in period. Do check out competing rates, it's just so attractive nowadays...

The cool thing is, if you don't need the extra money now, just park it there. Don't touch it, and you won't get charged the additional interest (only applicable to flexihomeloan). I'm a very strong advocate of flexihomeloan, whether for own occupancy or investment. I'd love to hear contradicting views, let's exchange opinions here.

Also, more often than not, it's NOT worth clearing the homeloan prematurely, especially if you are into investment. Use the extra cash (bonus, rental etc.) to invest.

Novartis : Working environment

meejawa — Wed, 30 Jan 2008 18:00:05 +0800

Hi,

I'm asking this on behalf of my friend, and as most ppl, he has doubt about whether or not he should leave his current company and move to Novartis. Are there anyone here who can shed some info on the working environment? If he accepts he will be based at the office at Paramount PJ.

thanks in advance,
meejawa

Beware the financial advices

meejawa — Mon, 09 Jul 2007 12:55:16 +0800

There have been so many financial advices being belted out, that I just think we have to set some things straight. Take with as much salt as you want.

1. Pay yourself first.
No! Pay all the high interests debt and essentials first, only then pay yourself.

2. House you stay in is a liability.
Not necessarily. Get your own place as early as possible, the house you can make into a home. Whether or not you have enough to pay cash, GET A LOAN ANYWAY. Make sure you have the flexibility to put in extra money and withdraw the excess anytime you want. Not one week, 2 days, or 1 month, but immediately whenever you want it. Then put all the cash in this mortgage. Whenever you find there's a better investment potentially returning more than the interest rate the bank in charging, take out the cash. Put all your salary in this account, effectively reducing the principle. It's a liability if it's poorly located, and historically does not provide good yields.

3. Do not pay other ppl to get financial assistance (Financial consultants, unit trust agents etc.)
We are not stupid just because we do not know something. We just haven't learnt yet! The best teacher is experience no matter how much you read or talk to ppl. From these ppl, go to one by credible references, make sure you get your money's worth, get the return you anticipated, then choose to stay or leave.

4. Taking loans to buy car is bad.
Again, not necessarily. Make sure the effective interest rate is lower than the inflation. If you find one, then take the LONGEST LOAN possible. Let inflation eats away the value of your money. There's no fixed formula to do this, some use FD rate as the inflation rate, some use the official CPI, it's up to you.

Tricky and smart set-up needed

meejawa — Wed, 30 Aug 2006 13:09:09 +0800

Hi all,

I have a situation which I really don;t know what to do anymore. See, I need to monitor a location where it's very remote. The exact area of monitoring is like a guardhouse (abt 5mx5m). I want to do live streaming of video there while monitoring it from my home in PJ. As long as the video display is decent (view size and quality like PDA), then it's ok.

The area does not have 3G or EDGE coverage, not even phone line, and even with phone line Streamyx is not available there.

Can anyone help me out here?

Thanks!