PROPERTY SNAPSHOT 1: Subang/Ara Damansara takes off
While both Subang and Ara Damansara are located adjacent to each other, the latter is decidedly more upmarket.
While both Subang and Ara Damansara are located adjacent to each other, the latter is decidedly more upmarket.
Service charges are a monthly pain to many, especially those who live in strata buildings be they condominiums, serviced apartments, small office home offices (SOHOs) or others. With many other people living under the same development, common areas and facilities like gardens, gyms and pools that are not part of the owner’s own parcel are maintained by the building management in their various stages of composition from the Developer to the Joint Management Body and, ultimately, to the Management Corporation (MC).
A first class degree holder in Land Administration and Development from Universiti Teknologi Malaysia (UTM), Teo Z L joined the property industry six years ago as a junior real estate negotiator.
Industry experts and observers suggest that renting may not be a bad thing and could in fact assist some people to eventually own their own home if it is done in a systematic way, such as in the form of a Rent-to-Own (RTO) scheme.
The listing of EWI has been slightly delayed to September or October 2016 due to a “new strategic investor”, while management is unfazed by Brexit.
Teambuild Land, the property development arm of Teambuild Construction, has developed 20 residential developments and one mixed-use development totalling 910 units over the last eight years. The company focuses on developing freehold private condominiums of less than 80 units, primarily in the neighbourhood of Geylang. For example, the 58-unit La Fleur, 71-unit D’Weave and 78-unit Casa Aerata.
Despite their age, most of the properties here enjoy steady demand due to Taman Desa’s location which is close to the Kuala Lumpur city centre.
Following the overall soft residential market in Kota Kinabalu last year, opinions are mixed on how the market will perform this year, Rahim & Co Sabah branch manager Max Sylver Sintia says when presenting The Edge/Rahim & Co Kota Kinabalu Housing Property Monitor 1Q2016.
Taman Desa is known for being a quiet, affluent residential enclave close to the Kuala Lumpur city centre.
As the full implications of the UK’s exit from the European Union will take time to unfold, we believe the associated political and economic uncertainties, coupled with the resulting impact on the British pound would make UK assets, including commercial properties, unattractive over the medium term.