“This is important because we all experience physical and mental stress every day at work and returning to a home that is not in tune with the environment can add to the stress,” said Sunday Star Vasthu Sastra columnist T. Selva, who will be presenting a talk at The Star Property Fair tomorrow at the Kuala Lumpur Convention Centre (KLCC) Hall 4, at 2pm.

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Le Nouvel comprises two residential towers with 43 and 49 floors respectively, offering a total of 197 condominium units ranging from 1,800 sq ft to 4,700 sq ft. The towers will be built near Avenue K on Jalan Ampang.

“We have the approvals to do the project, but the current market conditions are unfavourable to a launch. A better timing would be a year from now,” said DNP company secretary and general manager for treasury and accounts, Lee Kong Beng, after the company’s shareholders meeting yesterday in Sepang.

Lee told Business Times that DNP may sell the buildings enbloc if it receives good offers.
“If somebody offers something we can’t resists, then we will go for it. Otherwise, our plan is to sell the units individually,” Lee said.

He declined to say how much each unit will be priced. Based on rough calculations if the market price maintains at RM2,200 per sq ft, each unit could sell for RM4 milion to RM11 million.

Lee also said DNP’s immediate focus is to launch 25 units of luxury condominiums in a five-storey block along Jalan U-Thant, Kuala Lumpur, for some RM200 million, in three to six months from now.

DNP will also launch Block B and D of Verticas Residences in Bukit Ceylon, Kuala Lumpur, pending sales of Block A.

Verticas has four blocks, worth some RM800 million. Blocks A, B and C have 43 floors each, with 417 condominium units in total. Block D is a low-rise block offering only six units.

DNP has sold Block C to Kualiti Gold Sdn Bhd, a joint controlled entity, for RM139.7 million cash, while 100 units in Block A have been taken up since its soft launch in July.

“There are 67 units left in Block C. Once we have sold them, we will launch Block B and D immediately. This may happen early next year,” Lee said.

Lee said he is confident that DNP will do better this year given the new launches and the market improving.

For the first quarter ended September 30 2009, DNP posted a net profit of RM9.81 million, up 23 per cent over the same quarter last year.

DNP, which has total assets worth RM936 million, is buying more land to expand its business and enhance shareholders’ value, Lee said.

In a filing to Bursa Malaysia yesterday, DNP said it has bought 3.76ha of leasehold land in Bandar Sunway, Petaling Jaya, from an unrelated party for RM56 million cash.

Lee said DNP may build shop offices on the land, but plans are still preliminary.

By Business Times (by Sharen Kaur)

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A number of people think that area rugs are only for certain types of people, such as the rich ones.

This is for the reason that a rug gives luxurious impression and feeling of royalty on other significant people.

This is why a rug can have such an impact on a room or even on your home as an entire.

But it’s not classified to just the rich since anyone can have great area rugs when they make out when and how to select the correct ones.

In the olden times there were not so many choices for rugs but now there are additional doors open as you can select and obtain rugs online sitting anywhere anytime.

Lets take the option of getting Area rugs as a procedure.

You first require knowing where you will be using the rug. This helps you determine the size and shape that you want.

If the room is already decked out, you will want to choose a rug that goes with the theme you may already contain in the extent.

You may begin with a rug depict nursery rhyme for the infant baby in the family, and shortly change to sports rugs, such as basket balls, base balls, or race cars, or perhaps, butter flies, ballerinas, or cats.

Cheap Rugs will help create these changes easy and reasonably priced as well as personally mirror your child’s altering interest and increasing character.

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To use the gate opener all you have to do is press the entry transmitter in your car (similar to a garage door opener) and the automatic gate opener will open your gate. Once you exit, you can close the gate with another press of the remote, or it will close by itself 60 seconds later – so you´ll never accidentally leave it open!

Swing gate operator are electric arms that move in and out of the main opener body. This is attached both to the gatepost and part way out on the gate itself. When the remote is pressed the arm moves, so swinging the gate on its hinges to an open or closed position.

Sliding gate openers have a motorised gear wheel that moves the gate left or right at a right angle to your driveway. The gate runs on 2 wheels and a track just like a train. The power is transmitted from the “motor gear wheel” to the gate by following a “gear rack” that is mounted on the gate.

Each of the systems have a control panel which is mounted at the gate – this is for receiving the signal to open the gate from your car remote or via the keypad. It also has an intercom system so guests can page you for entry.

Access Control Distributors of Texas is your one stop shop for access cards, remote controls, keypads, card readers, electronic gate openers, phone entry systems, radio frequency technology and more. A large selection of products from recognized and famous brands offering highly competitive prices on internet site.

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Despite Singapore’s worst economic slump since independence, the residential property sector is in the midst of a new boom reminiscent of 2007, when the city-state was known as the world’s hottest real estate market.

Greed and its twin brother fear are back in play as punters stake out condo launches days before sales open, with some offering blank cheques to pre-book flats, prompting the government to hint it may have to cool things down.

“Some of the practices and habits that you saw in the last property boom are beginning to come back, so I think we’ll have to be careful,” said Minister for National Development Mah Bow Tan, whose portfolio includes housing.

“A little bit of speculation is inevitable in every market, but when it becomes excessive, then it is something that we should try to avoid,” he said.

The minister’s words of caution fell on deaf ears.

A 297-unit condo called Optima in the extreme east – well outside prime districts – sold out in within three days in early August after Mah’s warning, fetching as much as S million (S = RM2.43) a unit.

The developer had to issue ballots “to address the needs of the genuine buyers” and disperse the huge crowd that turned up for the launch of the project, which will only be ready for occupancy in 2014, a spokesman said.

Within days, some units were already being advertised for resale in the secondary market.

An AFP reporter who recently walked into the sales office of another high-rise condo being built close to the Orchard Road shopping belt was treated like royalty by agents expecting to close deals within days, if not hours.

Bank officers were ready to process loans on the spot.

“Buy before prices go up further,” an agent whispered in his ear, gesturing to a “sky garden” bisecting the scale model of a glass-clad, 45-storey tower.

Singapore’s economic output is officially forecast to shrink by 4 to 6 per cent this year – less severe than earlier estimates, but still its worst economic performance on record – and office rents are still soft, reflecting weak business activity.

“It is too early to celebrate,” Prime Minister Lee Hsien Loong warned over the weekend as he spelled out the country’s economic prospects.

The property frenzy began in middle-class condo projects due to pent-up demand from families upgrading from public to private housing but scared off by the 2007 price spiral.

Their enthusiasm quickly spilled over to more exclusive developments.

Prices of luxury condos – the segment worst hit by the recession – are now inching towards peak levels achieved around mid-2007, according to an analysis by business weekly The Edge.

Foreign investors, including Asians looking for a secure place to park their money, are also back in the Singapore market.

Singaporeans enjoy one of the world’s highest savings and home ownership rates, but most live in relatively spartan government-built flats, making owning condos an obsessive goal for families.

By AFP

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In the first seven months of the year, sales of all property were up 60.4 per cent from the same period a year ago, while housing sales increased by 65.3 per cent, the National Bureau of Statistics said in a statement on its website.

“The real estate market has entered into a quite sensitive period now and bubbles have risen in some regions,” Qin Rui, an analyst with house agency 5j5j here, said.

“In Beijing, house prices have far exceeded affordability for most residents,” he said.

Property prices elsewhere in China picked up further in July, official figures also showed yesterday, as the effects of government stimulus efforts gained strength.

Prices of real estate in 70 major cities jumped by 1 per cent year-on-year last month, the statistics bureau said in another statement, issued with the National Development and Reform Commission.

That followed a 0.2 per cent rise in June. Until then the index had slumped for six months since December, as it was hit by previous government attempts to rein in prices as well as the global economic crisis.

Prices of new houses increased 0.3 per cent in July from a year ago, compared with a drop of 0.6 per cent in June, while those of existing houses went up by three percent, up from 2.2 per cent a month earlier, the statement said.

Since October, the government has taken a series of measures, including tax breaks and preferential rates for first-home buyers, to avoid a crash in real estate, which accounts for more than 20 pe rcent of urban fixed investments.

In addition, inflation expectations due to a surge in new bank loans this year is also driving the sector’s rebound, analysts argued.

New loans for the first half of the year amounted to a record US.1 trillion (US = RM3.50), recent central bank figures showed.

Qin said funds had flooded into the real estate and stock markets as companies sought to exploit easy bank lending policies for quick profits.

However, he predicted the government might be forced to tighten its policy, causing a major correction.

“China’s real estate market … relies heavily on capital. It will definitely be badly affected once there are changes in the supply of funding,” he said.

By AFP

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Managing director and CEO Tan Sri Leong Hoy Kum said on Aug 12 the land was acquired for RM130.5 million and would be used for medium to high end residential development.

“As the residential properties in Cyberjaya comprise mainly medium range apartments and bungalow lots, we believe there is a pent-up demand for gated and guarded landed properties,” he said.

Mah Sing also has the option to purchase 6.32 acres of adjacent commercial land at RM79 per sq ft within six months from the date of the signing of the sales and purchase agreement.

“We are bullish about the future of Cyberjaya,” Leong added. Together with this project, named Garden Residence, Mah Sing has a total of 17 projects with remaining GDV and ubilled sales of approximately RM4.4 billion.

Year-to-date, the group has achieved sales of RM543 million, exceeding its full year sales taerget by 1.2 times. The group’s unbilled sales stood at RM800 million and would take about two to three years to be realised.

It was also looking at acquiring more landbanks in the Klang Valley and hoped to conclude about three to four deals by this year end.

By The EDGE Malaysia (by Joy Lee)

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A lot of people have bad credit. It is unfortunate that good people with good intentions are sometimes lured into credit card offers with outrageous interest rates or convinced to buy a new, overpriced car that they cannot afford. Sometimes, it is a stroke of bad luck.

A good credit history is critically important for the consumer. A bad credit will prevent you from getting a business loan, owning a home, or even a job.

Once you have a bad credit rating, it might seem like there’s nothing that you can do about it? but you don’t have to believe that. It’s not as difficult as you might think to get by with a bad credit rating; with a little work and time you can even get by fixing bad credit! Of course, before you do that it’s important to realize exactly what a credit report and a credit repair is. Every time a lender or other creditor makes a report concerning your payment history to them, this report affects your credit score.

Counseling might be a good option to repair bad credit. Credit counseling companies come in all shapes and sizes. Whether you are looking at working with a local credit counseling organization or a national credit counseling organization there are some very important factors to calculate before choosing the right credit counseling option for you. Find a good credit counseling service. Get online or open your yellow pages to find one. Seek the guidance of friends and family members. Select a counselor, meet them in person to make sure they are right for you. Ask them on tips and advice on how to build a good credit history. If you are still lagging behind on your payments, credit consolidation firms will be able to set up a payment plan with your creditors.

It’s important to know a company that has qualifications and a reputation you can trust. RMCN credit services provides credit counseling and credit consolidation to customers.

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We all know the difference between retail and wholesale. Similarly, in real estate field, the houses that are listed on the market are considered retail. Houses you find through foreclosures and tax auctions are considered wholesale. These are discounted houses, available at a low price for a quick sale, usually because the Bank or County is seeking to simply make back the money they’ve spent on it before (and after) the buyer defaulted. This equals to huge savings for the educated buyer.

Now if you want to buy a house, you need to first figure out how much you are willing to spend. Be careful not to overstretch. And then you need to find the right lender or broker.

Once you are financially ready, you need to find an agent and get to know the market. Study your options and go with the one that appeals to you.

If your knowledge is insufficient due to lack of experience, let someone else’s experiences guide you.

Currently it is a good time to consider buying las vegas foreclosures, since prices have dropped substantially due to financial crisis and recession in entire World specailly USA. Recommended are the foreclosures in las vegas where real estate is looking for customers. Though it is hard and time consuming to study the residential market but if you do not want to lose lower price attraction and are snapping up houses at a furious pace then visit las vegas nv foreclosures. One of the greatest, reliable and experienced source specialized in all types of real estate, financial and mortgage lending matters.

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