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Monday, January 28, 2013

PRIME PROPERTY for REDEVELOPMENT at JALAN BUKIT CEYLON, KUALA LUMPUR

VulcanInternational acts for the Landowner to invite potential buyer for the purchase of the following PRIME PROPERTY for REDEVELOPMENT at JALAN BUKIT CEYLON, KUALA LUMPUR.:

Land Area: 1,398.649 sq meter (0.346 acres)
Location: One(1) parcel of FREEHOLD Land known as Lot 652, Jalan Bukit Ceylon, Kuala Lumpur
Neighbourhood Properties: Maple Suites, Menara Antara, Bolton Court, Regency Tower, Menara Bukit Ceylon, Sei Raja Chulan, Bangunan KWSP, Plaza MCB, Menara Aik Hua etc.

Interested purchaser(s) please contact VulcanInternational, mobile: +6 016 451 1321 for details.

Penang Property PRIME PROPERTY for REDEVELOPMENT at JALAN BUKIT CEYLON, KUALA LUMPUR

Saturday, January 26, 2013

Penang Property | The Best 3 Star Hotel For Sale

Penang Property | Once again VulcanInternational brings forth the best 3 Star hotel for sale in Georgetown, Penang MALAYSIA.

Located in the heart of Georgetown, Penang MALAYSIA each of the 54 rooms at this fine 3 Star hotel feature superior amenities. Included in all rooms are internet access wireless(complimentary), internet access wireless, satelite/cable tv, air-conditioning, kettle, coffee maker, toilet amenities. Guests will enjoy the hotel's excellent facilities and services including car park, coffee house, elevator, family room, wi-fi in public areas with its commitment to service and focus on hospitality, you'll enjoy your stay at the Hotel.

Interested investor/hotel owner please contact VulcanInternational, mobile: +6 016 451 1321 for details. A copy of %occupancy m-o-m, latest audit report will be furnished to interested party. Must sell as owner is exiting hotel business.

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Saturday, January 5, 2013

Penang Property | Malaysia among top five nations for North Americanretirees

NEW YORK, Jan 5 — With its low cost of living, balmy climate and cheap property prices, Ecuador has been ranked the top foreign retirement destination for North Americans for the fifth consecutive year.

The South American nation bordered by Colombia and Peru scored the highest marks in InternationalLiving.com’s annual ranking of the best places to retire.

With monthly estimated living expenses ranging from US$900 (RM2,790) to US$1,400, Ecuador surpassed Panama, Malaysia, Mexico and Costa Rica, which rounded out the top five countries.
“I think the combination of a welcoming culture, the great weather, the affordability and its proximity to the United States all go together to make it a good package,” Dan Prescher, the special projects editor for the website, said on Thursday.

“Panama has a lot of the same things going for it, but it isn’t quite as affordable as Ecuador,” he added in an interview.

Editors at InternationalLiving.com analysed data and information from correspondents in the countries most popular with American and Canadian retirees to compile the results, which were based on a host of categories: cost of living, climate, property prices, healthcare, ease of integration, retirement infrastructure, entertainment and amenities and special benefits for retirees.

A large part of Ecuador’s appeal is how inexpensive it is for retirees. A beer costs just 85 cents. A doctor’s visit is US$25, roughly the same price as a one-hour massage.

“Seniors resident in Ecuador qualify for half-price entertainment and local transport, discounted airfares and refunds of sales tax,” Prescher added.

Panama, which came in a close second, won praise for its pensioner visa, which speeds up residency, retiree discounts on medicines, entertainment and restaurants, and its friendly people.

Malaysia, the only Asian country to make the top five, drew retirees to its shores with its tropical climate, low cost of living and cheap rents, similar factors that boosted Mexico and Costa Rica’s appeal to retirees.

Most of the better countries for retirees were Spanish speaking, including Uruguay, Colombia and Spain. Thailand, which placed ninth, was the only other Asian nation to make the top 10, thanks to its affordability, exotic locales and outdoor lifestyle.

Although the language may differ, Prescher said retirees adapt easily because they usually choose a country with a culture familiar to them.

“Most people know or can learn enough Spanish to get along,” he added.

Malta squeezed in at No. 10, winning points for its very low crime rate, Mediterranean climate and abundance of English speakers. English is the second language of Malta, which is a European Union member.

Ireland, France, Portugal and Italy were other EU nations that made the ranking of 22 countries, along with the Philippines and New Zealand, which scored the worst for the cost of living, along with France, but ranked high for integration.

“The places that have been popular with expats for the last five to 10 years tend to stay in the rankings unless something drastic happens, a big political or economic change,” Prescher explained. — Reuters

Source reference link: http://www.themalaysianinsider.com/mobile/features/article/malaysia-among-top-five-nations-for-north-american-retirees/

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Wednesday, January 2, 2013

Penang Property | Malaysia| With promise of real estate boon, propertyinvestor clubs boom By Opalyn Mok January 02, 2013

GEORGE TOWN, Jan 2 ― Property investor clubs charging hundreds of ringgit in monthly membership are sprouting here as those on the hunt for higher yields are putting their money in Malaysia’s real estate market and spurring growth amid bleak economic reports, industry players say.
Property flipping ― a term coined to describe property bought at low prices and sold at a high profit ― appears to be the latest trend among investors, including foreigners, that is helping to lift blocks of buildings off the hands of developers and raise real estate prices.

Property expert Ho Chin Soon said such clubs are a new phenomenon due to rising interest in property investment amid uncertainty in the stock market.

He noted that previously there were only one or two of such clubs, but now there are five to six investors clubs in the country with a growing membership of between 400 and 600 members each.

“This could be due to investors’ perception that property is a legitimate and more stable investment to add to their portfolio,” the director of property information company Ho Chin Soon Research told The Malaysian Insider in a recent interview.

He agreed that, to a certain extent, these clubs could be one of many factors that is fuelling the property industry in the country.

The clubs work by buying properties en bloc from developers ahead of launches and then these offering to members at a discounted rate.

Potential property investors will fork out hundreds of ringgit monthly in membership fee just to get inside tips into the latest property projects pre-launch and opportunities to buy such properties with a bulk discount, said International Real Estate Federation (FIABCI) Malaysia committee member Michael Geh.

“These investors clubs are not only Malaysian-based ones as some are from Singapore,” he told The Malaysian Insider.

He warned that such clubs could create an artificial level of pricing for properties as genuine buyers would have little chance to buy units at the launch price and would have to purchase it from investors likely at an inflated price.

Geh and Ho, however, said the bulk-buying of properties by these investors would not create a property bubble that could burst in an economic downturn.

The duo said they felt the demand from genuine home buyers would be able to keep property prices afloat.

Jeffrey Lam, a partner in Smart Investors Club that boasts over a thousand members including from abroad, said the real estate market here is unlike those in Singapore, Hong Kong or China and still has room to expand with no danger of creating a bubble.

Lam said Malaysia’s property market growth was still in the single-digits and added that the Japanese, Chinese and Singaporeans were looking for opportunities to invest here.

“The demand for properties in Malaysia by home buyers, not only investors, is still strong and that is why more investors are getting into this,” he said.

He said an investor club member could stand to make a profit of a minimum RM25,000 up to RM100,000 for each investment into residential properties and up to millions for commercial properties.

“This is why more investors are going into property investment as the profit is good especially if they invest in the right type of properties,” he said.

Malaysia is seen as a budding real estate player, offering a stable market with good opportunities for opportunistic returns.

The national capital Kuala Lumpur was ranked fifth out of 22 cities with the best prospects in investment and development in the Asia-Pacific, according to the Emerging Trends In Real Estate Asia Pacific 2013 report by the US-based Urban Land Institute and PricewaterhouseCoopers (ULI-PwC), up 17th from last year.

KL gained favour for being “relatively stable but with good potential for opportunistic returns,” the report said.

The ULI-PwC report added: “The long-term prospects for the commercial property market are deemed by many to be strong, due to the success of the government’s Economic Transformation Programme in drawing foreign investment.”

But FIABCI’s Geh said not everyone that joins these clubs are guaranteed high returns. He added that property investment also comes with risks.

“These clubs will hold talks and seminars on property investments and then offer its members ‘special deals’ to buy into pre-launch projects but there are no guarantees that they could sell these investments later for a profit,” he said.

He advised those new to property investments to be cautious and not to put all their savings into the investment.

“Don’t forget, it can go either way just like any investment. If you put RM3 million into a property, you could stand to make a profit out of it later or you may just lose it all,” he said.

Source reference link: http://www.themalaysianinsider.com/malaysia/article/with-promise-of-real-estate-boon-property-investor-clubs-boom/

Picture below: The number of property investment collectives in Penang has grown by almost 300 per cent in recent years.—Picture by KE Ooi


Penang Property Photo Depicts Penang Gurney Drive and Strait Quay