Lowyat.NET: Latest topics by rumahwip

PHYSICAL driving license

rumahwip — Sun, 02 Jun 2024 12:46:04 +0800

hi all, would like to ask where to get physical driving license? post office no longer issue physical license. i heard JPJ/ UTC can but all JPJ/UTC or only selected JPJ/UTC, thanks

Mah Sing says purchase price of two Puchong plots

rumahwip — Sun, 03 Sep 2023 21:18:17 +0800

KUALA LUMPUR (Aug 15): Mah Sing Group Bhd said the purchase price of two parcels of land in Puchong Perdana it is acquiring from Millennium Acres Sdn Bhd has been lowered by 8.83% or RM7.58 million.

In a filing to Bursa Malaysia on Monday (Aug 14), the property developer said the revised purchase prices of the two plots of land have been adjusted to RM37.17 million and RM41.11 million respectively, amounting to RM78.28 million.

When Mah Sing first announced it was buying the plots in January, it was going to pay RM40.19 million for the parcel that measures 3.8 acres, and RM45.67 million for the other parcel that measures 4.4 acres, or a total of RM85.86 million.

Hence, the balance purchase price of the first and second parcels have now been revised to RM33.15 million and RM36.54 million respectively, given that Mah Sing had placed a deposit of RM4.02 million for the first parcel, and RM4.57 million for the second.

Millennium Acres, from whom Mah Sing is buying the plots, is 50%-owned by Tanco Holdings Bhd’s managing director Datuk Seri Andrew Tan Jun Suan.

Mah Sing and Millennium Acres had agreed, as per the sales purchase agreement announced in January, that the purchase prices would be adjusted if any discrepancy arises in the area of the lands between the agreed area and the actual area of the lands after the subdivision exercise. In the event of such discrepancies, the purchase prices would be adjusted based on the rate of RM240 per square foot.

“The vendor [Millennium Acres] shall pay the shortfall of RM11.48 million to the chargee [Amanah International] towards settlement of the redemption sum on Aug 15, 2023,” it said.

Mah Sing's units will pay the revised balance purchase price for both parcels to Amanah International Finance Sdn Bhd, to whom the plots have been charged by the vendor, to settle the redemption sum for the plots on or before Aug 17, 2023.

Mah Sing said the land parcels located in Puchong Perdana have a potential gross development value of about RM726 million. The group intends to develop one of the parcels into a residential project and the other into a mixed-use development.

The property developer plans to fund land acquisition and future developments on it via a combination of internally-generated funds, bank borrowings and proceeds raised from the disposal of undeveloped land.

The acquisition is expected to be completed in the second half of this year.

https://theedgemalaysia.com/node/678823

𝗡𝗮𝗱𝗮 𝗘𝗺𝗯𝘂𝗻

rumahwip — Thu, 22 Jun 2023 12:35:18 +0800

D'Ivo in Old Klang Road

rumahwip — Mon, 20 Mar 2023 11:35:08 +0800

https://www.divo-residences-exsim.com.my/?g...shoCGkEQAvD_BwE

same row as the millerz by exism as well. will it be as good?

Sofax

Thu, 01 Jan 1970 07:30:00 +0800

Sofax

rumahwip — Mon, 25 Apr 2022 12:21:59 +0800

Anyone using it? quite well written

https://vulcanpost.com/784724/sofax-vr-app-...iture-malaysia/

A few years ago, we wrote about a home design game that works as an entertaining way to express your interior design skills.

While fun, the app wasn’t good enough for me. I wanted something more real, where the layout of the property was exactly like the one I bought, so I could plan out my furnishings and renovation virtually.

Turns out, there was a Malaysian app fulfilling my exact demand. It’s called SofaX, and it brands itself as a metaverse for your home by letting you decorate and furnish properties in VR.

Your digital home
I actually found the SofaX app in late 2020, where it mostly behaved as a digital version of interior design brochures (or Pinterest, if you will). It had VR interior design functions as well, but the lengthy loading times were frustrating, with few properties and furniture options available.

Almost two years in, SofaX seems to have more updates. The VR home design portion is the star of the show, and has a much faster loading time. It also has at least 3,000 pieces of branded furniture, and over 1,800 VR floor plans that are inspired by residential projects around Klang Valley.

These residential projects are made up of real-life floor plans from property developers such as Glomac, Beverly Group, Sime Darby Property, and Tropicana Corporation Berhad, to name a few.

On top of that, you can find contacts for service providers like plumbing, aircon installation, carpentry work, Feng Shui consultancy, and more, on the app. There aren’t many names listed yet, but the team is in the process of onboarding more.

SofaX’s main goal is to help users visualise the design of their dream home in the exact property they bought. The app does so by letting users combine various furniture from different brands under one virtual roof.

Giving brands exposure
Via the team’s 3D modelling skills and VR gaming technology, they started SofaX in November 2020 by constructing the VR house plans based on publicly available information from property brochures.

In December 2021 though, the team began approaching property developers to get more information about their house plans and constructed them accordingly.

“The property developers are very interested to work with us as the creation of this little metaverse of the houses that they are selling [or have] sold will be useful for their customers,” shared Mac Lai, SofaX’s COO.

“They do not have to pay for an expensive mobile app or other costs in getting our service to render in virtual reality.”

For the furniture merchants on the app, their benefit is an advertising opportunity, in which they pay SofaX commissions between 5% to 20% of each furniture sale.

Having the products featured and able to be interacted with through the VR platform gives these furniture brands more exposure and potential sales. A similar idea applies to the service providers on the app.

A gateway to e-commerce
Using the app, I realised there’s a “Scan to Pay” option that works with participating merchants. This led me to wonder if SofaX offered streamlined e-commerce functions where users could purchase the furniture they liked straight from the app itself.

“To begin with, we are not a 100% online type of e-commerce,” Mac clarified. “Our concept is phygital-based (physical plus digital experience).”

After a user visualises their design, they can then visit the physical showrooms of SofaX’s partner merchants to better experience how the pieces feel to the touch.

“There are also more items at the showroom which are not available in the app. The idea is to bring customers to their shops,” Mac told Vulcan Post.

For SofaX to earn the commissions they charge merchants, users have to make a certain form of payment through the app, hence SofaX’s reward and credits system. To put it simply, the rewards system works more like your petrol points card.

“This also enables us to save unnecessary transaction costs which typically payment system providers will charge,” Mac justified about the rewards system.

Of course, SofaX does plan on letting users purchase the furniture straight from the app itself down the line. Mac added that it has always been in SofaX’s mission to provide the best of both worlds where users can play and buy straight from the app.

Bigger developments down the pipeline
In the next 3 years, SofaX’s team intends to provide a digital twin for all houses, including those in neighbouring cities and countries such as Singapore and Bangkok. Mac believes it’s possible, as the team has the in-house resources to turn houses into VR without being in the actual location itself.

“As and when we cover the property development projects, we will be building our ecosystem of 3D assets of furniture companies in those areas itself,” added Mac.

SofaX is currently in the midst of raising its pre-Series A funding and expects to be raising its Series A at the end of the year.

With the VR technology which we already have, we intend to build more metaverse world which could cover virtual shopping malls, virtual convention centres, virtual car shows, to name a few. These will include developing individual apps to cater for different events.

Mac Lai, Chief Operating Officer of SofaX
Learn more about SofaX here.
Read about more metaverse-related articles here.