Malaysia Money Matters

I wrote about Nadayu 62 earlier. Lately, the banners and billboards for Nadayu 63 have come up. 296 service apartment units (small-ish), ranging from 500+ sf up to 1,100 sf at around 800+ per square foot. There are also 42 retail units starting from RM3.2 million each - so basically, there's going to be a mini mall within Nadayu, so they won't even need to venture the 2km distance to the upcoming Melawati Mall. Completion date estimated in 2017 and leasehold. Very interesting - it looks like Nadayu is trying to create a self- contained village by having enough critical mass of younger people who can afford the smaller units to ensure that the mall is self-sustaining to benefit the low dense bungalow dwellers. So do we like this? Well, the location is lovely - very quiet, an annex or appendix of Melawati. The con is that it is a leasehold and maintenance is likely to be pricey - because you're paying for the exclusivity (although, I don't think 296 units in a...

A new condo launch in Melawati by Sime Darby, I didn't know about it but just so happened to drive by the showroom as it was being constructed; then my mum told me that the launch event was on Saturday the 24th. Didn't have time to go on the 1st day but managed to make it today, the 26th. First impression is that the development seems pretty decent.  An overview from the brochure: Here is the location within Melawati: hehe my scanner truncated it somewhat, the dark green area next to the planned 30 storey apartment is going to be the new Melawati Ma ll (a Capital Mall project). And here are the build-up specifications: Other main information points not in the images above are: Freehold Price per square foot from RM600 to about RM750 for the larger units Maintenance cost is 30 sen per square foot Looks like about 70%-80% booked up by the time I got there around midday today - after just 1 full day + 1 morning of sales. Construction ...

Heh? Interesting... a new billboard advertising Nadayu 62 is up next to the MRR2 Highway but scant details; just a mobile number to "register". Went online but nothing about it on Nadayu's own website but on iProperty there is a lot of details with one intriguing disclaimer: Sorry, the new property listing you're trying to view is no longer active. This may mean that the listing that you searched for has expired or the property has been taken off our search result listing. Please have a look at other active listings that fulfill similar criteria at the bottom of this page. Hmm... why put up the billboard but pull it off iProperty? The salient features: In Nadayu Melawati - poshness!  950 square feet  Leasehold :(  Priced between 411 to 661 psf = about RM600K - which, in this day and age, is considered "reasonable" or "quite good" considering its location.  3 bedroom, 2 bathroom - standard but at 950 sq ft means that the rooms...