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Real Estate Roundup!

May new home sales gain 2.2% from April

Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, which is up 2.2% from April, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. — From Housing Wire

3 ways to tame student loan debt and afford a mortgage

It’s no secret that student loans can make buying a home a challenge. But what exactly is the problem, and how can buyers overcome it? The problem is that student loans can be included in the buyer’s debt-to-income ratio, or DTI. — From Bankrate

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We’re ready for the TRID rules!

At 5 p.m. EST June 17, the Consumer Financial Protection Bureau issued a statement that the effective date for the TILA-RESPA Integrated Disclosure (TRID) rules would be pushed back to Oct. 1, 2015.

CFPB Director Richard Cordray said in a prepared statement: “The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until Oct. 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”

Rainier Title has been working towards the TRID implementation for over a year and felt prepared for August 1st. However, with the proposed delay we will be taking this opportunity to continue our education and training of TRID. While we believe that we have been proactive and ready for this change, there are still so many unknowns that will have to be addressed at the time of implementation. The industry should still prepare for 45-60 days for transaction to close due to the new timing parameters of the forms.

We’re working hard to be ready for all changes!


Real Estate Roundup

Active Home-Building Industry Will Lead to More Demand for Warehouse Space

Strong consumer spending and the rise in housing construction activity are currently the prime factors for the incredible rebound of the U.S. industrial real estate sector, and experts say as home buying continues to increase, so will demand for warehouse space. — From NRE Online

To Buy or Not to Buy: That Is the Developer’s Question

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Q Sentral KL Sentral

Completed in year 2014, Q Sentral KL Sentral has gross floor area of 1.4mil sf & divided into 297 units. The launching price of this KL Sentral Grade A office building is ranging from RM1,190psf to RM1,500psf. Divided into high zone & low zone, high zone is only for sale on per floor basis from 15,000sf to 40,880sf while low zone contains 16 units per floor from 1,366sf to 3,420sf

Q Sentral gross development value is RM1.2bil for a total gross floor space of 1.4 million sf of office, retail and recreational space. Green Building Index (GBI) and Multimedia Super Corridor (MSC) certifications are some of the main features of this KL Sentral Office.

Furthermore, this iconic KL Sentral office offers great accessibility due to its strategic location which is connected to KL Sentral. Tenant will enjoy easy access to major rail systems such as KTM Komuter, KLIA Transit, KLIA Ekspress, KL Monorail, RapidKL LRT, KTM Intercity as well as the incoming MRT in 2017.

Property Details
Q Sentral KL Sentral
Address: Jalan Stesen Sentral, KL Sentral, 50470 Kuala Lumpur
Developer: MRCB
Completion Date: 2014
Type: Office Suite & Retail
Low Zone: 1,366 – 3,420 sf
High Zone: 15,000 – 40,880 sf
No of Blocks: 1
No of Storey: 42
No. of Units: 297
Launch Price: RM1,190 – RM1,500 psf

Q-sentral External View

Q Sentral is attractive to investors and corporate in the sense that comes with a prestigious business office address and that the building is fully GBI and MSC compliant. It is definitely a practical thing KL Sentral that is a transportation hub, for traffic can be pretty bad at times especially during peak hours. Office workers, businessmen and visitors can always opt to travel by trains and buses as a cheaper and less stressful means of transportation.

A quick check shows that nearby office buildings are being rented out for RM7.00 – RM8.50 psf. Assuming this rate remains the same by the completion date, investors of Q Sentral will very likely be able to get a good Return of Investment (ROI) from this.

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Quill 7 KL Sentral

Quill 7Quill 7 or popularly known as Axiata Tower (formerly known as Quill Sentral and Tower D) is a high-tech grade A office tower nicely situated at Lot J, KL Sentral. This 115m high contemporary office tower is well-designed with glass and steel for its facade.

Quill Capita Trust Office is the main tenant occupying Quill 7 while the remaining office space is available for lease. This KL Sentral office is awarded the Multimedia Super Corridor (MSC) status and equipped with state-of-art IT infrastructure.

Quill 7 (previously known as Tower D) is one of 4 office towers sitting on Lot J while the other 3 towers occupied by the headquarters of United Engineers Malaysia Berhad (UEM), Companies Commission of Malaysia (SSM) and Malaysian Industrial Development Authority (MIDA).

Quill 7 which is situated within KL Sentral intelligent city can be easily accessible via KLIA Transit, KLIA Express Rail Link, KTM Komuter, Rapid KL LRT, KTM Intercity as well as KL Monorail.

There is a 6-storey lifestyle centre building (in addition to the 4 towers), known as Sooka Sentral, which hosts business centre, food court, fitness and spa centre, restaurants and alfresco dining facilities.

Other than its strategical location which is between Petaling Jaya (PJ) and Kuala Lumpur (KL) City, the road accessibility of KL Sentral is further improved by the highway connectivity to Subang (through NPE) and KL & PJ (through SPRINT).

Besides, Quill 7 is only 8.8km drive to Mont Kiara, 4km drive to KLCC Twin Towers and 14km to Sunway. There is a comprehensive network of roads and highways surrounding it, which includes Jalan Syed Putra,Jalan Bangsar, Jalan Tun Sambathan, Mahameru Highway,Jalan Damansara, as well as Federal Highway.

Renown tenants in Quill 7 includes Motorola, Nokia-Siemen, British Petroleum, CEO Suite ,Navis Capital etc. This office building has also became the award winner for FIABCI award-winner for the office building category in year 2010.

This Quill 7 development is completed in a joint-venture with its business partner, CapitaLand,  under Quill Capita Trust (QST), a real estate investment trust (REIT) company that undertakes a few properties in the country.

There are 10 Quills buildings nowadays (named from Quill 1 to Quill 10 with missing 6), including HSBC building (Quill 10) in Section 13, IBM building (Quill 5) in Cyberjaya, Quill 9 along Jalan Semangat and Wisma Technip, part of Plaza Mont Kiara.

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NU Tower KL Sentral

Nu Towers
Nu Towers
NU Tower KL Sentral 1 & 2 is a 26 and 36-storey Grade A office building that is designed to offer breathtaking views and features distinctive metal louver screens in a chequer design likened to songket weaving. These sun-shading devices create a unique character to the development and simultaneously providing comfort.

Strategically situated in the center of Kuala Lumpur’s vibrant new CBD in between the Monorail Station and KL Sentral Station, this famous office tower of KL Sentral hosts world-class Nu Sentral shopping mall, KL Hilton hotel, Le Meridien,A-Loft Hotel, alongside multinational tenants such as BP, Axiata, PWC Malaysia, General Electric, Allianz, Nokia, Google and many others.

Popularly known as a modern Grade A building, Nu Tower KL Sentral offers contemporary features which include generous space at the lobby , the convenience of high-speed low zone and high-speed lifts and drop off area with ample car park space. Other features of NU Tower KL Sentral are as below :

– Green Building Index (GBI) certified (GBI or Green Building Index is a verification body which approves buildings that meet local and international environmental and ecological standards).
– Lift Destination Control System
– Centralised airconditioning with chilled water system
– Seemlessly connected to Stesen Sentral Kuala Lumpur via a short integrated air-conditioned walkway.
– Turnstile system
– Column Free Office Space
– Ample car park with up to 967 bays
– MSC Status compliant, fibre optic data backbone
– Typical floor plate of approximate 10,000sq. ft. (Tower 1) & 14,000 sq. ft. (Tower 2)
– Total Net Lettable Area (NLA): 259,632sq. ft. & 498,309sq. ft.

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Plaza Sentral KL Sentral

Plaza Sentral OfficePlaza Sentral is famous of its strategic location for business, which offers office on the border of the central business district and transportation hub. This popular KL Sentral office is made up of Phase 1 (3 blocks) and Phase 2 (4 blocks) of premier office suites. It is conceived as a business with many world class multinationals as tenants. Phase 2 of Plaza Sentral is also home to Kuala Lumpur Sentral’s technology businesses under its MSC Malaysia Cybercentre Status.

Plaza Sentral office tower offers excellent access routes and superior telecommunications facilities. Its corporate tenants comprised of various multinationals such as service-related companies,IT-based companies, legal firms as well as international insurance companies.Choices of business-class dining outlets and restaurants are available with a breeze walk to Sentral Station or Sooka Sentra. Besides food court is also available at Lower Ground level for working-class employee’s daily consumption.

The tenants in Plaza Sentral can enjoy the superb convenience of availability of hotels and condominium located just opposite the road which is within less than a minute walking distance to the office. Busy frequent flight-travelers the can check-in in Sentral station in the morning, and catch their evening flight with KLIA express train directly to KLIA.

As for surrounding area, Plaza Sentral is strategically situated within the heart development of KL Sentral. In addition to office building which also are part of the development are CIMB HQ and One Sentral Tower. Furthermore, there is a well known transportation hub which is Stesen Sentral.

This new commercial building at KL Sentral is connected to various types of public transportation such as Rapid KL LRT, KTM Komuter, KTM Intercity, KLIA Express Rail Link, KLIA Transit and KL Monorail services to provide intercity connections and direct links to the KL Internatinonal Airport, with only 1.5km from Kuala Lumpur central business district.

The location of Plaza Sentral at the world-class development of KL Sentral does not need any further information, as this “City-within-a-City” is one of the most significant areas in KL Sentral. In fact, it is a bustling commercial tie with office towers, retail centres, next to 5-star hotels such as Le Meridien and Hilton.

The design of Plaza Sentral with futurist-holistic concept, reflects with cutting-edge technology combining seamlessly well-planned layout of spacious plazas, shops, restaurants, indoor courtyards, sidewalk cafes as well as a number of pedestrian walkways.