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Cradle Fund Uncategorized

RED ANGPOW Receives RM300,000 Grant from Cradle Fund

Cradle Fund awarded CIP300 funding to RED ANGPOW Sdn Bhd (RED ANGPOW).

RED ANGPOW is a startup for a data-driven smartcity planning platform to help valuers, townplanners, city councils and developers make better decisions in townplanning and infrastructure building.

Cradle Fund Sdn Bhd (Cradle) is Malaysia’s early stage start-up influencer, incorporated under the Ministry of Finance Malaysia (MOF) in 2003. Cradle has a mandate to fund potential and high-caliber tech startups through its Cradle Investment Programme (CIP). Cradle Investment Programme 300 (CIP300) is a pre-seed programme which provides financial and value-added assistance up to RM300,000 for entrepreneurs to kick-start innovative technology-based business ventures.

RED ANGPOW will benefit from Cradle’s support services that are designed to help nurture, develop and prepare the companies for the challenges of building a tech start-up from the ground up. These value added support includes; An enhanced Coaching and Mentoring Programme throughout the funding period, Opportunity to be matched with potential investors, Match making with Cradle’s partners, Internal Training Programme to support creation, innovation and commercialisation, Participation in Business and Networking Events under Cradle, and Media and Public relation support among many others.

RED ANGPOW is part of Cyberview’s Living Lab Accelerator Programme in Cyberjaya.

For further information please contact Erhan Azrai at erhan@redangpow.com

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Uncategorized

Street Network Of Most Exclusive Neighborhoods in Kuala Lumpur

Damansara Heights and Bukit Tunku are low density neighborhoods. Home type are predominantly bungalows. The roads are curvy and many end with cul de sac. They are hilly with plenty of tree cover. These are very old and mature neighborhoods with close proximity to Kuala Lumpur city center.

Bangsar and Taman Tun Dr Ismail (TTDI) are more densely populated. Part of the road networks are gridded. This is where the terraced and semi-detached houses are.

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Dining Elite Food Lifestyle Malaysian Uncategorized Urban

Pesta Bakar FriedChillies Putrajaya memang menggiurkan

Gambar: FriedChillies

Mengidam nak makan rusa panggang, ayam golek madu, kambing bakar, ikan bakar dan itik bakar?

Datanglah beramai-ramai ke Pesta Bakar FriedChillies yang julung-julung kali dianjurkan di Suasana PJH, Putrajaya pada 28 dan 29 Disember ini.

Yang menariknya, Pesta Bakar FriedChillies menampilkan lima juadah bakar dan panggang terbaik sepanjang ia berlangsung mulai pukul 3 petang hingga 10 malam.

Mari kita tengok apa yang ada di sana:

Ayam Golek Madu Bunohan, Kuantan
Gambar: FriedChillies

Siapa yang tak terliur bila melihat ayam golek segar yang dipanggang di atas api arang yang membahang. Walaupun dipanggang untuk tempoh yang agak lama, kulit ayam tidak kering.

Rahsianya terletak pada resipi sos perap istimewa yang menggunakan serai dan kunyit, menjadikan kulit ayam sentiasa lembab dan memelihara teksturnya.

Daging ayam yang lembut dan manis juga masak sampai ke dalam. Tak perlu lagi datang Kuantan beb, datang saja ke Pesta Bakar FriedChillies.

Beard Brother BBQ, Tropicana
Gambar: FriedChillies

Mesti ramai yang gemar makan daging bakar Beard Brother BBQ. Dengan dapur salai khas dari Australia dan direka mereka sendiri, sajian yang disediakan oleh Beard Brother BBQ memang lain dari yang lain keenakannya.

Lebih menarik, mereka juga bermurah hati menyediakan sedikit daging bakar untuk orang ramai yang ingin rasa-rasa dulu.

Datang awal, bro. Kalau lambat, gerenti habis. Memang terangkat!

Rusa Panggang & Kambing Bakar Libing Lejen, KL
Gambar: FriedChillies

Daging rusa panggang yang banyak airnya memang menggiurkan kepada sesiapa yang memandang. Lagi-lagi kalau dipanggang oleh geng-geng Libing Lejen.

Biasanya, mereka ada semasa kenduri kahwin. Itu pun kalau dapat kontrak daripada keluarga pengantin.

Tapi tak payah susah-susah pergi kenduri kahwin pada 28 dan 28 Disember ini sebab geng Libing Lejen ada di Pesta Bakar FriedChillies.

Itik Bakar Gembo, Shah Alam

Bunyi macam lagu Itik Gembo Gembo yang pernah dipopularkan oleh kumpulan A to Z pulak. Apa makna gembo tu?

Kalau tak tahu pun tak apa. Yang penting, itik bakar gembo memang terkenal dengan kemantopannya.

Itiik yang dibakar dengan rempah ratus Melayu memang sedap dimakan dengan nasi panas. Lagi-lagi kalau dicicah dengan sos cili istimewa.

Fuh! Memang terliur bila dibayangkan itik bakar gembo yang terhidang depan mata.

Ikan Bakar Seri Melaka, Jalan Bellamy
Gambar: FriedChillies

Siapa yang rajin datang makan ikan bakar di sini memang tahu masakannya memang tip-top. Beratur panjang pun tak apa, asalkan dapat makan ikan pari bakar.

Khabarnya mereka hanya guna ikan pari jantan sebab rasanya dikatakan lebih sedap. Tetapi, macam mana nak bezakan pari jantan atau betina?

Tambah pulak dengan sos perap istimewa, bungkus dengan daun pisang kemudian dibakar atas kuali leper yang besar.

Kalau dah lebih 30 tahun meniaga pun masih ramai orang datang ke kedai Ikan Bakar Seri Melaka, sudah tentu rasanya sehingga menjilat jari!

Gambar: FriedChillies

Sudah terkecur air liur? Tandakan dalam kalendar telefon siap-siap. Bawa sekali keluarga dan kawan-kawan datang Pesta Bakar FriedChillies.

Datang satu batalion pun tak apa. Lagi ramai, lagi meriah.

Sumber: FriedChillies (http://www.friedchillies.com/articles/detail/top-5-bbq-bakar-panggang-meats-in-town)

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Uncategorized

Unsold completed terrace end-2018

We were looking at pricing for completed-remains-unsold terrace houses across the country as of end-2018.

We found that half of unsold terrace houses in Johor are priced more than half a million.

In Selangor, similar pricing is the most overhanged. On the other hand, Penang has very low of unsold terrace.

We are curious about Kedah and Perak. Any idea how that have sizeable overhang in terrace house?

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Public Transport Uncategorized

Bus Network in TTDI and Sungai Penchala

TTDI and Desa Sri Hartamas have many more bus stops compared to lower income area of Sungai Penchala and certain parts of Kota Damansara. Who actually rides the bus? The poor or the affluent? We need to review our bus routes to contain income inequality gap.

– We ran this campaign on twitter and received a lot of feedback. Among the interesting ones are:

“Most of the TTDI bus stops are historical. Busses themselves like Sri Jaya, Bas Mini & Intrakota had came and gone but location of the bus stops didn’t change. Busses used to start and terminate at Jln Burhanuddin Helmi in front of the former Singer shop. The Sg Penchala route was only added later. This may give some explanation why there are less bus stops in Penchala.” – Fareen Ali

“Cerita dia macam ni. Dulu Sg Penchala ada bas IntraKota. Driver akan buat uturn depan masjid untuk turnaround route. One day orang kampung block jalan. Driver bas terlanggar kereta tu. Driver kena pukul villagers. Intrakota terus stop servicing. Sendiri bodoe pukul driver” – @1Obifiend

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Uncategorized

Rental in Mont Kiara

Q: How much rental income do you expect for your property in Mont Kiara?

A: On average, the condominium market is RM3.00 psf and service residence at RM3.50 psf per month.

How much is the rental you are paying now? Are you paying below market?

Categories
Analysis Property Uncategorized

Kampung Bharu and the Redevelopment

Recently we saw Minister of Federal Territory made an offer to buy over all land plots in Kampung Bharu. While we dont have much details on that, we would like to throw in the data into the discussion on Kg Baru redevelopment.

Yes, there were not residential transactions in Kg Bharu itself. The developments and activities are on the other side of AKLEH, the highway that separates Kampung Bharu from KLCC area.

If you look at the bungalows in KL, the transaction prices on per square foot (psf) basis are on an increasing trend since 2013. Most of the transactions are still condominiums and service residences. And you can also see there is a drop in average transaction price psf in 2019

The second table is focusing on areas adjacent to Kampung Bharu – Jalan Ampang, KL City Center, Bukit Tunku, Keramat and Titiwangsa.

What about transaction within Kg Bharu, you may ask?

We will update that in the next article.

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Uncategorized

Curating the listings

We curate the best Bandar Kinrara residential property listings for you. Click the link to view: http://www.redangpow.com/highrise/kinrara.html

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We are trying to make it easier for potential buyers to sift through all property websites on a specific property. Try look for property and see the search results.

Or click at a property on a map (red-blue-yellow icon) and click view listing. The curated list will appear at the bottom.

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For example, click the icon of the Zest and click view listing.

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At the backend, we have cleaned up the listings that are old, multiple and misleading using AI and machine learning. This is not perfect yet, but we are confident that it is now about 85% there.

Stay tuned folks… we are coming out with state-of-the-arts home selection and valuation tools… probably the first ever in South East Asia

Categories
Uncategorized

Cost of renting a room

Q: How much does a room cost if you want to rent?

A: RM 600 per month. This is based on the data we gathered from 21,931 room ads online in Malaysia in Sept’19.

The mean is RM 594.6 and standard deviation at RM332.

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Uncategorized

Property Development That Use Damansara As Their Name

What exactly Damansara is? Now, let’s go back in time to learn about the beginning of Damansara.

The origin

Damansara was originally a small harbour-like settlement that was located near the mouth of the Damansara River along the Klang River. In the mid-1870s, it was the final destination for steam boats used by the British to travel to Kuala Lumpur from Klang as steam boats cannot go as far as the center of Kuala Lumpur near the junction of Gombak River and Klang River. Travelers would then go from Damansara to Kuala Lumpur via the Damansara Road which finished at Brickfields in Kuala Lumpur


Source: Wikipedia

Damansara is probably the most popular word used to name property developments in Klang Valley. Property development that use Damansara in their names stretches from border of Bangsar to Kelana Jaya and all the way up Kepong. You can refer to map below for a clearer picture on distibution of highrise residential development that use the word Damansara in their name.

Area/ Neighborhood

At area or neighborhood level, there are many that use the word Damansara such as:

  1. Bukit Damansara
  2. Pusat Bandar Damansara
  3. Damansara Jaya
  4. Damansara Utama
  5. Damansara Kim
  6. Damansara Intan
  7. Mutiara Damansara
  8. Kota Damansara
  9. Damansara Perdana
  10. Ara Damansara
  11. Sunway SPK Damansara
  12. Bandar Sri Damansara
  13. Damansara Damai.
  14. Kwasa Damansara

Property Development

At area property development level there are many more that use Damansara in their name. Chart below are the list of highrise property
development that used Damansara as their name, their median price and expected monthly income required to buy the property.

For installment and salary calculation, we are using prudent financial rule that 1/3 of income should be for housing need. Further assumptions made are loan duration of 25 years and housing loan interest of 4.5%.

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Uncategorized

Joint Management Bodies (JMB) – The mini countries

Some of the rants from residents

JMBs – who’s monitoring them? They behave like a mini country, with a lord president residing over all matters of the residents (rakyat), an annual election, politics, they have borders, local police, local taxes and rules and regulations (laws).


Late payment of annual maintenance fees are charged an annual interest fee, with rates specified in the owner-developer residency 1000 page contract, signed in the year 1511. Location of individual contracts : unknown. Might be at Mama’s house, might be at Papa’s house. Which brings to the first question, are JMBs allowed to charge interest? Arent only licensed financial institutions allowed to charge interest? Yes, the contract, where is it? Is it in line with the governing laws of the country?


Next question, for major decisions concerning huge monetary commitments from owners, most JMBs use the AGM to get the final decision where people will obviously lobby for votes to favour their cause. Politics come into play where the numbers count so that the majority can oppress the minority. This is basic democracy rules. Majority will oppress the minority. And people with vested interest will rally their people to attend the AGM to get the desired results.


There is a case where the outcome of an AGM is that each owner are required to puke out blood and pay RM770 one time fee for the guard house upgrade which costs around RM300k. This decision is final and made during the AGM. And there is 10% annual interest on the RM770. Sounds a bit like oppression by the lord president and his hoodlums. The 10% interest, again, aren’t only licensed financial institutions allowed to charge interest? And for a decision this huge, shouldn’t a wider referendum be implemented rather than the normal AGM?


Main question persists, who is monitoring the mini countries (JMBs)? The relevant housing ministry : I can bet my last RM770 that they don’t even know about this, or have the will or process to implement any regulations. As for the local governments, they might have an idea about this. They should be a good point to start ranting to.

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Uncategorized

Tips for First-Time Home Buyers

Buying your first home can be nerve-racking and confusing. Getting into the right mindset can save you future troubles. A careful research and good planning always pays.

These tips will help you navigate the process and avoid common mistakes. We break them into three categories:

  • Mortgage tips.
  • House search tips.
  • First-time home buyer mistakes to avoid.

Mortgage tips

Start saving for a down payment early

It’s common to put 10% down, but some banks now allow much less, and first-time home buyer programs. Allow yourself some time to to save up. Do not overstretch your credit.

Understand your affordability, down payment and mortgage options

There are lots of mortgage options out there, each with their own combination of pros and cons. If you’re struggling to come up with a down payment, check out:

The amount you put down also affects your monthly mortgage payment and interest rate. If you want the smallest mortgage payment possible, opt for a 30-year mortgage. But if you can afford larger monthly payments, you can get a lower interest rate with a 15-year mortgage loan.

Research for government programs

Research on government house ownership programs. Federal government l
program like PRIMA can benefit you greatly if you qualify. Research on state level program as well. Sometimes it is available only for the state that you live in.

Determine how much home you can afford

Before you start looking for your dream home, you need to know what’s actually within your price range and which area that you can afford. In order, to make life easier for you we have built home search tool. Use it to your advantage.

Check your credit and pause any new activity

When applying for a mortgage loan, your credit will be one of the key factors in whether you’re approved, and it will help to determine your margin of financing and possibly the loan terms.

Secondly, check your credit score and improve it. Update your arrears and lower down your credit card balance. Banks calculates credit score based on financial behavior, income, expenses, financial commitment and your demography like age, sex, year of employment, marital status, education level.

To keep your score from deteriorating when you apply for a mortgage, avoid opening any new credit accounts, like a credit card or auto loan, until your home loan approved.

Compare mortgage rates

Many home buyers get a rate quote from only one lender. You can compare mortgage rates from financial aggregator like imoney, gobear and ringgitplus. During campaign period you might get additional goodies. Get at least three quotes from different banks and compare both rates and fees.

You must read the product term sheet to understand mortgage product features. Many banks are offering Flexi Loan where you have the flexibility to pay part or all of your principal early. Research on Islamic Home loan as well as they have discounts for stamp duty, rate ceiling and some other good features.

House search tips

Hire the right professional agent

You’ll be working closely with your real estate agent, so it’s essential that you find someone you get along with well. The right real estate agent should be highly skilled, motivated and knowledgeable about the area.

Pick the right type of house and neighborhood

But even if the home is right, the neighborhood could be all wrong. So be sure to:

Common first-time home buyer makes

With so many things on your mind, it’s not surprising that some first-time home buyers make mistakes they later regret. Here are a few of the most common pitfalls, along with tips to help you avoid a similar mistakes.

Not saving enough for after move-in expenses

Once you’ve saved for your down payment and budgeted for closing costs, you should also set aside a fund to pay for what will go inside the house and moving in cost. What goes inside the house includes furnishings, appliances, rugs, updated fixtures, new paint and any improvements you may want to make after moving in.

Buying a home for today instead of tomorrow

It’s easy to look at properties that meet your current needs. But if you plan to start a family, you may need to buy a larger home now that you can grow into. Consider your future needs and wants and whether the home you’re considering will suit them.

Negotiate

A lot can be up for negotiation in the home buying process, which can result in significant savings. Are there any major repairs you can get the seller to cover, either by fully handling them or by giving you a credit adjustment at closing? Is the seller willing to pay for any of the closing costs? If you’re in a buyer’s market, you may find the seller will bargain with you to get the house off the market.

Compare surrounding property prices as well, we have the tool to help you scan the best deals around.