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MILQ Apartments – JUN 2016

Cornerstone International Properties is pleased to bring you the first of MILQ Apartment’s construction updates. MILQ is located moments from the Errol Street Activity Centre, providing immediate access to cafes, restaurants and boutiques whilst within walking distance to the CBD.

MILQ lies within the much desired University High School neighbourhood precinct. The University of Melbourne, which is typically ranked among the best universities in the world, is a short walk away to the east. Meanwhile, the green expanse of Royal Park lies to the north, and to the west, past the North Melbourne swimming pool and recreation centre, the Capital City Trail winds its way along the historic banks of Railway Canal to Victoria Harbour, Docklands and the Yarra.

A fifteen minute stroll south brings you to the heart of Flagstaff Gardens, and the city’s bustling epicentre lies just a stone-throw beyond.

Melbourne’s iconic trams stop at nearby Abbotsford Street and Flemington Road, while the Tullamarine Freeway, with its direct link to the airport is just moments from MILQ, and a network of dedicated bicycle lanes extend out in every direction.

North Melbourne, in which MILQ is located, boasts a tight vacancy rate of 1.8%. Its unique position gives investors the opportunity to attract tenants who work in local hospitals or tertiary institutions. In close proximity lies the Royal Melbourne Hospital, the new $1 Billion Victorian Comprehensive Cancer Centre (VCCC), Royal Children’s Hospital, University of Melbourne and RMIT University.

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

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Luma – JUN 2016

Investors will be pleased to learn that the construction has commenced. Luma is a beautiful art-inspired luxury boutique development in eclectic Windsor, at St Kilda, Melbourne.

A true work of art, Luma is bold, bright and inspired by the cultural locale of Windsor and features 91 luxurious 1- and 2-bedroom apartments. Windsor is conveniently tucked between St Kilda and Prahran, and within the popular Chapel Street precinct. Luma is only 3.5km from the CBD and 2.1km from the University of Melbourne.

The project boasts a distinctive facade, lush landscaping and a sculptured roof garden.

Investment Highlights

  • 6% rental guarantee
  • Highly sought-after area
  • Centrally-located in Windsor, within Chapel Street precinct and between Prahran & St Kilda
  • Walking distance to Prahran Train Station & Windsor Train Station
  • Minutes drive to Melbourne CBD
  • Minutes from Albert Park Lake & St Kilda Beach


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

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Press Release – Silver Lining Behind Brexit for Malaysian Investors

For Immediate Release

Silver Lining Behind Brexit for Malaysian Investors

European Referendum holds many advantages for Malaysian investors

Brexit-silver-lining-malaysian-investors-csiprop.com
The European Referendum holds many advantages for Malaysian investors. Image taken from: http://bit.ly/1U8K0dS

Investors of UK property can take comfort that there is a silver lining behind the impending European Referendum.

In the weeks leading up to Brexit, investors have been waiting with bated breath to see the outcome of the referendum on the UK economic and investments market should Britain exit the European Union (EU). Negative speculation has been rife with investors taking a wait and see approach, resulting in subdued demand in the property market especially in London.

For CSI Prop spokesperson Virata Thaivasigamony, however, Brexit offers a number of advantages to investors.

“True, the market has been subdued because of uncertainty leading up to the referendum. However, the Brexit uncertainty presents great buying opportunities especially for buyers from countries with weak exchange rates, for example, Malaysia. In this short term, there are amazing gains for investors as the weaker pound has worked to our advantage,” he said, adding that Britain has always enjoyed a strong and stable economy while London has been a leading global financial centre even before the EU was formed.

Cornerstone International is a leading real estate consultancy marketing foreign real estate to Malaysian investors. The company is based in Kuala Lumpur.

Research by JLL has revealed that some 58% of investors were on the hunt for opportunistic investments, with a number of Asia-based investors looking to capitalize on the weaker pound and slower property market.

While acknowledging that London will take a hit in the event of a Brexit, Virata is confident that the UK will regain its economic and political strength in due course.

“If Brexit occurs, there will be a period of uncertainty and the pound will take a beating. As a result, the UK will be ‘on sale’. Again this is advantageous to investors, particularly those investing in UK student property because UK education will remain strong regardless of Brexit. Malaysians and other foreigners including those from the EU will not stop sending their children to study in the UK – people still want a degree from a UK university,” he added.

The UK’s university system is oversubscribed with 7.3 applications from overseas for each EU student accepted in 2015 and 7.9 for each place accepted by a non-EU student. With demand in purpose built student accommodation superseding supply, the student accommodation market will be more resilient to Brexit than other commercial property even as the demand for UK education remains unabated.

A JLL survey had revealed that a significant number of UK investors remained confident of the student accommodation sector.

“Eventually the uncertainty from Britain’s exit will level off as London makes its own treaties with other countries. London will get back on its feet, and the pound will strengthen again, offering great returns to savvy investors who had taken advantage of the weaker pound. Irrespective of what happens on June 23rd, UK will remain a safe haven for investors,” said Virata, adding that UK is facing a general undersupply in housing.

Conversely, Virata foresees a rapid strengthening of the British currency if Britain chooses to remain in the EU, again benefiting savvy investors who had chosen to take advantage of the weaker pound.

Malaysia is the third largest investor to the UK and Australia property markets in 2014 and 2015, with Singapore and China in first and second place, respectively.

-ends.

CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

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Melbourne – 3 Weeks to Stamp Duty Increase

Victoria-stamp-duty-increase-csiprop
Victoria is due to impose on foreign real estate purchasers a 4% hike in stamp duty effective 1 July 2016. This totals to a 7% hike. Image credit: http://bit.ly/1rfUryG

TICK TOCK.

The clock is ticking. Come 1 July 2016, the 4% increase in stamp duty surcharge imposed by the Victoria state government on foreign property investors shall take effect. This increase, announced late April 2016, comes hard on the heels of the 3% stamp duty surcharge introduced on 1 July last year.

Victoria’s new stamp duty for foreign buyers of residential property is similar to changes adopted by the governments of Hong Kong, Singapore (and Malaysia), which charge an additional 15% stamp duty over and above the amount paid by domestic buyers.

Below is a FAQ detailing what the increase in stamp duty surcharge means for the foreign investor, and the implications to housing and investment into Victoria moving forward.

What is the new stamp duty rate imposed on foreign purchasers on 1 July 2016?

On 1 July 2016, foreigners will have to pay a stamp duty of 7% on purchases of houses, apartments and vacant residential zoned land in Melbourne and across Victoria. This is a 4% increase from the stamp duty surcharge introduced barely a year ago.

When does it take effect?

The new stamp duty surcharge applies to contracts signed on or after 1 July 2016.

Why is there a hike in stamp duty surcharge?

The Andrews Labour Government is taking action to ensure foreign buyers of residential property — who do not pay payroll tax and GST — contribute their fair share to the liveability of the state, and maintenance and development of government services. We believe that this new and rather sudden increment could be politically motivated: a federal election to determine all 226 members of the 45th Parliament of Australia will take place on Saturday, 2 July 2016 (one day after new stamp duty rate taks effect) after an eight-week official campaign period. This is Australia’s first double dissolution since the 1987 election. Yup, the stakes are high and this is a big deal, politically.

Melbourne’s population is set for massive growth, overtaking Sydney in 2053.

Statistics show that Victoria will have the largest population in Australia in the future, driven by massive and rapid growth in Melbourne city (source: CBRE). The Australia Bureau of Statistics projects that Melbourne will overtake Sydney as Australia’s biggest city in 2053. An increased population will lead to continual sprawl in the city and drive the demand for housing. And as migrants continue to move into Melbourne, there will be a greater need for rental accommodation.

With this increased surcharge, the Victorian government expects to raise $486 million over the next four years.

Are there any exclusions?

Yes; permanent Australian residents and New Zealanders will be excluded from the surcharge.

How does this affect the foreign investor and how should you take advantage of the situation in the short term?

(i) Save RM50K++ in duties*

Foreign investors are rushing to lock in their investments before the increased surcharge takes place. Timing is crucial and the window leading up to the surcharge increase, is small. If you have been thinking of investing in Melbourne property, now is a good time o decide. Acting quickly could save you more than RM50K++ in duties and ensure that you snap an investment in a good location.

For example, you could save approximately RM50K in stamp duties on a property worth $400K and about RM100K for a property worth $800K.

*dependent on price of property

(ii) Wise decisions go a long way

You should not invest for the sake of it or if you are not ready. We are strong advocates of making informed decisions: a thriving locality with potential for job growth, a growing economy, good amenities and increased infrastructure are key to a good investment. The best areas for investment and living in Melbourne are within the fringe of the CBD (click here to find out why). These include areas like Brunswick, North Melbourne, St Kilda and South Yarra, as well as landed housing across Melbourne, as they fetch better rental, capital appreciation and have higher chance of resale to Australians (by law, foreigners are only allowed to purchase brand new property. As such foreign investors can only dispose of their property to Australians who generally prefer to live outside the CBD).

What happens if you do not buy now?

You will merely have to purchase at a higher price, which means your rental return will be diminished. We stand by our advice to not be hasty, but to make informed decisions.

What are the ramifications of the stamp duty hike on foreign investment?

We foresee a slowdown in investments into Victoria and Melbourne in the short term. This could translate to a slowdown in construction of new builds, thus affecting supply of housing. This also means that Melbourne will become a more expensive city to invest in than Sydney, which is starting to see a comeback in investment. However, with the impending  growth and changes in Melbourne, we feel that foreign investments into Victorian property will continue unimpeded in the long run.


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

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Queensland Place – MAY 2016

The construction of Queensland Place is on track for completion in 2016. We are pleased to present to our buyers and investors the latest construction update, attached below.

For a detailed breakdown of construction up to May 2016, kindly click on the image below. Click on the right facing arrow to turn the page. You may enlarge the report by double-clicking on the image.

Thank you!

Cornerstone International Properties is the exclusive marketing agent of the Queensland Place project in Malaysia. For more information, kindly call us at 03-2162 2260. 


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

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One Wolstenholme Square – MAY 2016

This is a construction update notice. We at Cornerstone International Properties are glad to inform you that the One Wolstenholme Square project is on track for commencement of construction this June 2016.

We are also pleased to present to our buyers and investors the latest site update as attached here as a digital publication.

For a detailed breakdown of progress up to May 2016, kindly click on the image below.

You may click on the right facing arrow in the slideshow to turn the pages.

To enlarge the report you may double-click on any image or page.

Thank you!

Cornerstone International Properties is the exclusive marketing agent of the One Wolstenholme Square project in Malaysia.

For more information, kindly call us at 03-2162 2260. 


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

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Parliament Place – MAY 2016

We are pleased to present our buyers and investors the latest construction update for Parliament Place, Liverpool, attached below. The construction of Parliament Place is on track for a 2016 completion.

For a detailed breakdown of progress up to May 2016, kindly click on the image below. Click on the right facing arrow to turn the page. You may enlarge the report by double-clicking on the image.


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

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London Spring Place, Phase 2 – MAY 2016

The construction of London Spring Place Phase 2 (also known as Opto House) is on track for a 2017 completion. We are pleased to present our buyers and investors the latest construction update as attached here.

For a detailed breakdown of construction up to May 2016, kindly click on the image below. Click on the right facing arrow to turn the page. You may enlarge the report by double-clicking on the image.

Thank you!

Cornerstone International Properties is the exclusive marketing agent of the London Spring Place project in Malaysia. For more information, kindly call us at 03-2162 2260. 


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260

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London Spring Place, Phase 1 – MAY 2016

Buyers of London Spring Place will be pleased to know that the construction of this development is on track. For a detailed breakdown of construction up to May 2016, kindly click on the image below. Once you have done that, you may enlarge the report by double-clicking on the image.

Thank you!


CSI Prop proudly promotes international investment property with high yields at low risk. Our portfolio comprises residential and purpose-built student property in cities across the United Kingdom (London, Luton, Manchester, Liverpool, Newcastle, York, Glasgow, Scotland; Sheffield, etc); Australia (Melbourne, Perth, Brisbane) and Thailand (Bangkok). Our projects are concentrated in high-growth areas with great educational, infrastructural and job growth potentials. We aspire to make a difference in the lives of our clients by helping them achieve their investment goals through strong market research backed by third party experts and due diligence. 

Disclaimer: CSI Prop does not provide tax & legal advice and accepts no liability. Readers are encouraged to consult a qualified tax or legal advisor for a thorough review.

Need advice or clarification? Call us for more information and/or to find out about our projects! Hotline: 03-2162 2260