Hartamas Regency I, Sri Hartamas

Carpark

Lobby Lift

Garden in Carpark

Lift Lobby

View in Common Area

Swimming Pool

BBQ Area

Me at the Lounge

View to KLCC and Solaris Dutamas (She is my working partner)

Lounge

View from the Condominium

Tower Block

Wading Pool

Cabana

Common Area

Pool View

Landscaped Garden

Landscaped Garden

Grocery

Gymnasium

Casa Kiara II

Cabana

Half-size Basketball Court

Gymnasium

Swimming Pool

BBQ Area

Wading Pool

This Is Me. ^^

Common Area

Landscaped Garden

Deck Area

Show Unit in Casa Kiara II, Mont Kiara

Last week, I went for site visit in condominums in Mont Kiara. Unexpectedly, there is show unit event in Casa Kiara II, a new development in Jalan Kiara 5, Mont Kiara.

Status: Completed
Completion: November 2009
Tenure: Freehold
Developer: Amisia
Type: 37-Storey Condominiums
Total No. of Units: 206
Build-Up: 1,375 - 1,574 sq ft
Price Range: RM732,000 and above*

1 Apartment block 2 Swimming pool 3 Barbeque pit 4 Gazebo 5 Children's playground 6 Tennis court 7 Half basketball court	8 Gymnasium 9 Children's wading pool 10 Cafe 11 Men & ladies changing room 12 Kitchen 13 Function room 14 Reading room	Others • Broadband-ready cabling system • Hi-speed lift service • Grand lobby and lift area • Convenience shop • Launderette

Location???


It is located beside VERVE Suites and Hijauan Kiara.

I did visit the condominium and took a look at its show unit and common area. What I like about this condominium is the swimming pool is facing forest. However, I do feel that this selling point will not last long. I bet sooner or later the piece of land next to the condominum will be developed.

Apart from that, I checked the market value of this condominium. It is around RM450 psf. You may ask why the developer price is higher. Check my previous post about my explanation on market value and developer price.

(adapted from Dijaya Corporation)

Graduate Route to Register as RICS Member

Required experience at enrolment

• None

Required academic/professional qualifications

• RICS accredited degree or currently studying towards one

APC requirements

• 23 months' structured training to meet competency requirements, with a minimum 400 days' experience recorded
• Regular meetings with supervisor/counsellor
• 96 hours of professional development over structured training period

Final assessment submissions for first time candidate

• 'Signed off' mandatory and technical achievement records
• Logbook
• Record of professional development over the last 24 months
• Critical analysis (3 000 words)

Final assessment

• 60-minute interview including 10-minute presentation on critical analysis
• Testing on professional practice/ethics

(adapted from RICS)

How to Become a Real Estate Appraiser

I have been wanting to work as a property appraiser. At first, i thought it would be simple - Study Master degree, work for 2 years under as a trainee and take examination to become a registered one. Wow! But after reading this article, I still have a very long way to go. Things are never as simple as I think. Below are the steps how I should become a registered one.

At the first stage, check with state's licensing board to obtain a 'trainee' license. The licensing board can be RICS or ISM. Find out the list of classes you must take to get to this first step. Then find where local or on-line schools are that give classes for your trainee license. It is important to find out the licensing and requirement for your country. The requirement will vary.

Next, work towards obtain your trainee license. This is usually done by taking classes and passing a test, and/or having some experience in appraisal work.
-If you intend to go for schooling, Research what type of appraisal work you wish to pursue. There are many areas of appraisal such as residential, commercial, and land or other, more complex, property valuations.
-Take the appropriate coursework. You will need a specified hours of appraisal coursework before you can take the state licensing exam.

After getting trainee license, find an appraiser who can be your mentor. You'll need a 'supervising' appraiser to teach you the tricks of the trade and to help you with your experience hours that you'll need to complete. You may need two or more 'supervising' appraisers to help you on your journey. You'll need a supervisor though to sign all of your work as a trainee.

Get a trainee job at a real estate appraiser's office. This is one of the best ways to see if you really like appraising and to find out what appraising is all about. To the education requirements you will need specified hours of work experience as an appraisal before you can take the licensing exam.

Get a trainee position at a bank. Banks and savings and loans of all sizes hire trainee appraisers who have obtained their trainee licenses right off the street. It's a great way to get paid and get an education at the same time.

Network. Do what you can to work with or for other older and experienced appraisers in your area. Give them an incentive to hire you.

Find a loan broker you can work with to obtain work. Since most of our work is for a bank loan, find the people giving the loans and talk to them. A good relationship with a loan broker will go a long way.

As a trainee, your pay will be minimal until you obtain your normal license. It may take many months.

Take the state licensing exam when you have completed the educational and work experience requirements. Getting licensed is the first step in becoming a qualified property appraiser.

Get your real estate sales license even if you do not intend to work in sales. Your sales license may be needed to obtain MLS data for your appraisers.

(adapted from wikihow.com)

How Valuation Is Done?

As I am building graduate and still in learning stage in property field, I start learning giving Verbal Indication to the bank. Below is an example on how valuers calculate the value of terrace houses.

Assume that this is a corner and basic (no renovation) unit.

Subject property:
-Land Area: 2,600 sf

Based on the latest transaction, a standard terrace house at the similar area is sold at RM280,000 with build-up 1,400 sf. Let assume the property is medium-cost property. Medium cost property will cost RM65-70 psf.

Building:
Main Floor Area: 1,200 sf x 70 = RM84,000
Ancillary Floor Area: 200 sf X 35(half of 70) = RM7,000
Total = RM91,000

RM280,000 - RM91,000 = RM189,000
RM189,000 is the value of the land the property on.
RM189,000/1,400psf (land) = RM135 psf

Land:
Standard Land: RM135psf x 1,400 sf = RM189,000
Extra Land: RM67.5psf (half of RM135psf) X 1,200 sf (2,600 sf - 1,400 sf) = RM81,000
Total = RM270,000

Corner Allowance:
RM270,000 X 10% = RM 27,000
RM27,000 + RM270,000 = RM297,000
RM287,000 adds building cost,RM91,000 = RM388,000

I hope you can get a good picture with the calculation.

Unit in The Ara, Bangsar

Front View of The Ara

Carpark

Master Room & View of Swimming Pool from balcony

Toilet & Maid Room (the maid room is bigger than my room ==")

View of other units

Balcony & Bedroom

Jacuzzi in Bathroom & Walkway to Garden

Master Bedroom

Bedroom & Kitchen

Private Lift (I like it so much)

Pool & Laundry Room

Private Living Area & Guest Area

For better information, please refer to http://www.propwall.my/bangsar/the_ara.