SP Setia Berhad 's subsidiary, Setia(Hangzhou) Development Co Ltd. and Hang Ju Shen Construction Engineering Ltd. have terminated their joint venture contract for the development project of mix properties in Zhejiang, China.
Stated by SP Setia Bhd, it was due to the conditions set out on the JV had not been met and that the contract was conditional on getting the full approval from China's Ministry of Commerce.It was said that the termination of the contract is not expected to affect the future earnings of the company as it is only a small part of SP Setia's overall business.
SP Setia is a leading property developer in Malaysia known for its spectacular townships to commercial hubs developments. Learn more about SP Setia Bhd.
Thursday 28 July 2011
Monday 25 July 2011
PR1MA and Ekspo Perumahan Pemuda BN (HOPE)
Yet another property event, exhibition that is not to be missed. Afterall, it's been a while since the news was brought up about making home ownership easier (or affordable?) for middle-income earners, age between 18 - 35.
Stumbled upon the event, after virtually window shopping for property in one of the Malaysia property portal, in the events. Here's what's it all about :
The event and the launch of pr1ma (caps?)
Venue: Putra World Trade Center, Kuala Lumpur
Date : 29th, 30th and 31st July 2011
Time : 10 am - 7 pm
Here's a summary of what, how, where and for whom the programme is about:
42,000 houses are meant to be built in various places, namely Klang Valley, Rawang and Seremban. The houses price ranges from RM 150,000 to RM 300,000, which is meant to be made affordable than the usual housing prices especially around hotspot areas. Houses will be a mix of landed and high-rise properties depending on the location. As for the loans, one can get up to 105% from selected financial institutions. The 5% is meant to pay for the legal fees and such.
To prevent speculation, and for the purpose of aiding people to buy their first home more than for investment purposes, buyers will need to live in the house for 10 years. In other words, you can't sell it off unless after 10 years.
In the shoes of a first home buyer, I guess I won't have qualms about that, as it's for the purpose of having a home and not for investment.
It expects to attract many visitors, and the question for the high number of visitors is, how fast will the property sell out, what are the chances of getting your hands on one property, in the 3 days?
Stumbled upon the event, after virtually window shopping for property in one of the Malaysia property portal, in the events. Here's what's it all about :
The event and the launch of pr1ma (caps?)
Venue: Putra World Trade Center, Kuala Lumpur
Date : 29th, 30th and 31st July 2011
Time : 10 am - 7 pm
Here's a summary of what, how, where and for whom the programme is about:
42,000 houses are meant to be built in various places, namely Klang Valley, Rawang and Seremban. The houses price ranges from RM 150,000 to RM 300,000, which is meant to be made affordable than the usual housing prices especially around hotspot areas. Houses will be a mix of landed and high-rise properties depending on the location. As for the loans, one can get up to 105% from selected financial institutions. The 5% is meant to pay for the legal fees and such.
To prevent speculation, and for the purpose of aiding people to buy their first home more than for investment purposes, buyers will need to live in the house for 10 years. In other words, you can't sell it off unless after 10 years.
In the shoes of a first home buyer, I guess I won't have qualms about that, as it's for the purpose of having a home and not for investment.
It expects to attract many visitors, and the question for the high number of visitors is, how fast will the property sell out, what are the chances of getting your hands on one property, in the 3 days?
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