Tuesday, February 22, 2011

KL Development in Progress

New development, price set by developer, no such thing as expensive. Developer would not set price that make their goods can not sell.
furthermore, price that set by developer also got banker support, if the price got risk, banker will not support too.
That's why during the good time in a new development some buyers who buy early may get nothing, then when turn to bad time, some buyers eventually may get extra car park, or one year free maintenance fee.
developer always got plenty of room to change to suit the market response.
At this moment, all bad location in the past had turn to be a good location, especially in Kuala Lumpur boundary, where private land is less and less, price of property is on the uptrend so far.
Latest news, Imbi land 105 acres had sold to 1 Malaysia development Berhad.
another one in the process is this :
is learnt that the first project for 1MDB is the development of the old airport in Sungai Besi, which currently houses one of the squadrons of the Royal Malaysian Air Force (RMAF). The Edge Financial Daily reported last week that 1MDB and Lembaga Tabung Angkatan Tentera (LTAT) will have 30% each in the development of the Sungai Besi airport while the remaining 40% will be held by QIA.
The other parcels of government land that are up for development are in Jalan Cochrane, Jalan Peel, Jalan Stonor, Jalan Ampang and Jalan Lidcol. Several local private sector companies — listed and unlisted — are said to be eyeing the government land. Some were already privatised several years ago.
One particular parcel in Jalan Cochrane was privatised to a company called Cochrane Indah Sdn Bhd based on a list released by the government in 1998. The principal shareholders of the company were Jen (Rtd) Tan Sri Yaacob Mohd Zain, the late Tun Ghafar Baba and Asnida Tun Daim, the daughter of former finance minister Tun Daim Zainuddin.
Jalan Cochrane folk ( government quarters) must move out by 31 March 2011.

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