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Putting on the Ritz with CSI PROP

CSI PROP’s Investor Club Series is our own special way of adding value to the clients who invest with us, in line with our company’s core value of Having Fun. Yes, we not only work hard, but have fun together as well!

We have several exciting events lined up every year, and a total of five have been planned for 2018.

While humour was the theme of our curtain-raiser in February, our second Investor Club event on 20 May had a touch of glamour: we reserved the entire dining area of the elegant Cobalt Room at the prestigious Ritz-Carlton Hotel in Kuala Lumpur, and threw our clients a smashing dinner!

The Ritz-Carlton delivered a sumptuous buffet spread with traditional delicacies hailing from all over Malaysia, to celebrate the holy month of Ramadan.

Each Malaysian state was represented in the many dishes available for savouring. Diners were thrilled to encounter new dishes they had never tried before, relishing in a myriad of flavours and textures. 

Acar buah and umai were some of the more exotic foods available to taste
Acar buah and umai were some of the more exotic foods available to taste
The chef busy flipping tasty murtabaks on the hot grill
The chef busy flipping tasty murtabaks on the hot grill
The tasty, succulent roast lamb was a hit with the diners
The delicious, succulent roast lamb was a hit with the diners
A large variety of traditional, mouth-watering kuih-muih to end an amazing food journey
A large variety of traditional, mouth-watering kuih-muih to end an amazing food journey

Ritz-Carlton’s delicious food aside, we gifted our investors and their family members with handcrafted marble coasters, specially calligraphed with our company motto, Making a Difference.

Our handcrafted marble coasters were there to greet our investors and their family upon arrival
Our handcrafted marble coasters were there to greet our investors and their family upon arrival

Our Investor Club Series is one of the ways in which we hope to make a difference in our clients’ lives. Club events are where we update our clients on the construction of their projects and discuss the investment market; it is also where clients get a chance to have fun, and know each other — and our team — better.

Our next exciting event will be held on 15 July. Some of the more football-crazy among you will recognize this date — yes, it’s the World Cup Finals, and we at CSI PROP are counting down to it, as are all of you fans!

We’re watching the finals together!
We’re watching the finals together! (Source: FIFA.com)

Our CSI grand hall will be turned into a super cool mamak with a hearty selection of food, drinks and games, while previous match highlights and the World Cup finals are flashed on a huge high-definition screen. And we mean HUGE. Get ready to catch all the action with us and stand a chance to win some amazing prizes too! Football fans had better not miss this — we’ll see you there decked out in the colours of the team you’re rooting for!

Don’t you wish you were there too at our exciting Investor Club at the Ritz-Carlton? If you’d like to get started on property investment overseas and be a part of our ever-growing group of savvy investors, give us a call at 03-2162 2260, or email us at info@csiprop.com. Don’t miss out on watching the World Cup Finals with us! 

Article by Ian Choong
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Construction Update – One Wolstenholme Square (April 2018)

On behalf of the developer, we bring you updates as at end April 2018 from the construction site of One Wolstenholme Square in Liverpool, UK. Kindly click on the image below to access and flip through the update.

FLASHBACK: The Epicentre of History & Culture

Imagine being at the centre of a quaint and cultural city bustling with life and steeped in history…Welcome to One Wolstenholme Square, the latest £40 million development in the most desirable postcode in Liverpool.

Located five minutes away from the city’s attractions and top university campuses, One Wolstenholme Square comprises a selection of studio and one-bedroom residential apartments with a panoramic view of the Liverpool skyline and the remarkable World Heritage Waterfront.

Liverpool is one largest economies in the UK, and home to half a million people, some of the UK’s top universities, football clubs (Liverpool FC & Everton FC), a staggering student population of over 53,000 and, of course, The Beatles!

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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Construction Update – The Residence (April 2018)

On behalf of the developer, we bring you updates as at end April 2018 from the construction site of The Residence in Manchester, UK. Kindly click on the viewer below to see and flip through the update.

FLASHBACK: The Residence

The Residence is only a few minutes’ walk from Manchester City Centre. It sits at the doorstep of Spinningfields (The Canary Wharf of the North), Manchester’s main shopping and commercial district and Deansgate, the financial district of the city. The Residence occupies a prominent position within the stunning new £400 million Greengate Masterplan Project and, upon completion, will be one of the tallest residential buildings in the city, making it highly desirable for tenants. The regeneration of Greengate is expected to unlock £400 million of investment over the next 15 years.


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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Construction Update – Aura (April 2018)

On behalf of the developer, we present you updates as at end April 2018 from the construction site of Aura in Liverpool, UK. Kindly click on the image below to access and flip through the update.

FLASHBACK: Aura

Smart student living

Aura is a brand new, purpose-built student accommodation development strategically positioned in Liverpool’s thriving Knowledge Quarter, the city’s education hub. The fully-managed development comprises en-suite rooms and studio suites, delivered fully-furnished and finished to a high standard. In addition to having a gym, yoga lounge and games room, this self-contained development has on-site laundry facilities, and a restaurant. Bike storage is available in the courtyard for the students’ convenience.

Aura is just a few minutes’ walk from the University of Liverpool. The Royal University Hospital, Liverpool John Moores University, Liverpool Hope’s Creative Campus and LIPA are also in close proximity.

Investment Highlights

  • 9% nett rental return p.a. assured for 5 years
  • Catchment of 57,000 students from 5 sought-after universities, with a current shortfall of 21,900 managed bed spaces
  • Fully-managed & fully-furnished
  • Located in the Knowledge Quarter
  • Walking distance to the prestigious University of Liverpool
  • Close to Liverpool city centre and main transport hubs

Specifications

  • Free high-speed Wi-Fi
  • Communal lounge and shared kitchen facilities with smart LCD TVs
  • 24-hour CCTV security and controlled building access
  • Fully-equipped state-of-the-art gym and yoga lounge
  • Courtyard with bike storage
  • Large meeting area, lounge and study areas
  • Games room with pool tables, entertainment facilities and smart LCD TVs
  • Restaurant
  • On-site laundry facilities

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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Can Tun Mahathir Solve the Malaysian Housing Crisis?

Houses in Malaysia are seriously unaffordable for the masses (Source: The Malaysian Insight)

UPDATED; 5/6/2018

Uncertainty has been reflected in the volatility of the stock market ever since the country voted in a new ruling coalition. In the past few weeks, steps have been seen to be taken to address corruption and debt in the country. A new Local Government and Housing minister has been elected and her first order of business is to discuss with the Finance Ministry and Bank Negara Malaysia, the difficulties faced by first-time house buyers to get loans. It’s a start, but can the Tun M and his merry men (and women) of the Cabinet take Malaysia through the housing crisis? 

With the recent change in government, all eyes are on Pakatan Harapan to solve the housing supply-demand crisis in Malaysia. The current situation is dire with a severe lack of affordable housing, and a glut of expensive properties, and many Malaysians not being able to afford to purchase their own home.

The previous Najib administration had set a target of building 1.1 million affordable homes by 2018 to address the shortage, but after 5 years, only 23% (255,341) of the total was completed.

In November 2017, Tan Sri Noh Omar, the Urban Wellbeing, Housing and Local Government Minister blamed state governments for the delays, citing a lack of cooperation.

Addressing a question in the Dewan Rakyat, Noh said that 25.6% (285,097) of the houses were still under construction while 39% (432,415) was in various planning stages. He said the remaining 12.4% (138,775) had yet to make it to the planning stage.

At the same time, there was an overhang in the amount of PR1MA homes for sale nationwide. Slightly under half (12,492) of the total PR1MA homes (25,132) had yet to be sold.

The PR1MA Malaysia Corporation was established under the PR1MA Act 2012 to develop housing for middle-income households in key urban centres, with a target price range of between RM100,000 to RM400,000.

This programme that was initially meant to help the average Malaysian buy his or her first house was relaxed in 2013 to allow purchases of second homes, and eligibility was widened this year to include households with a monthly income of RM15,000.

The overhang showed that PR1MA homes were still priced out of reach for its target market. The maximum affordable house price in Malaysia is estimated by Bank Negara to be RM282,000.

Property expert Ernest Cheong has said PR1MA should stick to its objective of providing affordable homes to middle- and low-income earners instead of jumping on the high-end property bandwagon. In PR1MA’s Jalan Jubilee development in Kuala Lumpur, the largest unit, a 1,089 square foot unit with three bedrooms and two bathrooms, was going for RM445,000.

A nationwide housing expo was held in March this year entitled “Housing Sale Expo Towards a Million Dreams, Experience A Wholesome Lifestyle”. The expo was a joint initiative by the Ministry of Urban Wellbeing, Housing and Local Government, the National Housing Department (NHD), PR1MA Malaysia Corporation, Syarikat Perumahan Negara Bhd (SPNB), 1Malaysia Housing Projects for Civil Servants (PPA1M) as well as state government agencies.

According to a report by The Malaysian Insight, hopeful buyers at the expo in Kuala Lumpur were disappointed with the severe lack of homes below RM250,000 for sale.

Pakatan’s pledges for the housing sector

Pakatan has pledged to institute a couple of reforms in the housing sector. One of those reforms is to ensure that developers under the PR1MA program do not merely build a small number of affordable houses, after obtaining land at discounted prices.

However, Pakatan’s manifesto has not addressed the pricing issue that PR1MA is currently facing. The reforms they undertake must include pricing homes within the means of the average Malaysian, otherwise the current overhang of PR1MA homes will continue.

Pakatan plans to establish a National Affordable Housing Council which will:

  • Build 1 million affordable houses within 2 terms of their administration, by 2028;
  • Coordinate an open database on unsold affordable housing;
  • Coordinate a national rent-to-own scheme for the B40 and M40 group, with a special scheme for young people;
  • Coordinate with the banking sector to expand access to financing for first-home buyers.

Building one million affordable homes by 2028 is a more realistic target versus the previous one set by the Barisan Nasional administration. Nevertheless, current house building efforts must be doubled to meet this target, judging from the rate of construction we have seen so far.

The open database on unsold affordable housing is a welcome one in the interests of transparency, allowing potential house buyers to find information on available affordable housing. This will prevent unscrupulous developers from hiding information from unwitting house buyers, and maximising their profit by marketing the premium market instead.

The expansion of financing for first-home buyers will allow more Malaysians to own their own homes, while the rent-to-own scheme acknowledges segments of the population that do not qualify for financing, or are otherwise unable to purchase an affordable home.

Other plans Pakatan has for the housing sector include raising the quota for affordable houses; to introduce a time limit for developers to complete constructions, so that land-hoarding can be avoided; and tax incentives for developers who focus on affordable housing, to encourage the use of efficient building technologies to reduce cost.

The new government’s manifesto appears to address many issues in relation to affordable housing shortage. Still, one hopes that the PR1MA reforms they take will fix the current lack of focus in the programme. The nascent Pakatan administration is yet untested, but under the experienced hand of Malaysia’s longest-serving prime minister, buyers and stakeholders alike can look forward to a comprehensive reform of the housing sector, with hope that the current crisis can be solved.

For a start, Housing and Local Government minister Zuraida Kamaruddin will meet the Finance Ministry and Bank Negara Malaysia to discuss difficulties faced by first-time house buyers to get loans. Zuraida promises that the ministry will find the best mechanism to ensure related issues can be resolved, namely involving applications for the purchase of affordable housing.

 

Investment prospects in the housing market

The current glut of higher-end housing, and undersupply of affordable housing is causing activity in the investor market to remain stagnant. If Pakatan can correct the supply-demand imbalance, property prices may start to rise again. Policies will take time to be implemented, and it will be some years before we see real change.

As we have said previously, the local market in 2018 is shrouded in uncertainty — a situation thrown into even sharper relief as the nation waits for the current Government’s plans to take effect.

With the recent fall of the UK and Australia currencies, properties in those markets are more attractive than ever, offering investors an opportunity to take advantage of the currency rate and get on to the overseas investment bandwagon.

Do you think Tun Mahathir and Pakatan can do better than BN in addressing housing affordability concerns in Malaysia? Share with us in the comment box below. If you think your money would be better spent on property investment overseas rather than the local market, give us a call at 03-2162 2260! 

 

Article by Ian Choong

  • http://www.thesundaily.my/news/2017/11/02/affordable-housing-project-lagging-behind-target-11-million-homes
  • http://www.thesundaily.my/news/2017/11/21/overhang-pr1ma-units-calls-review-approach
  • https://www.themalaysianinsight.com/s/24137/
  • https://www.themalaysianinsight.com/s/45067/
  • https://csiprop.com/the-general-election-2018-and-malaysias-property-market/
  • http://pakatanharapan.com.my/diymanifesto.php
  • https://www.nst.com.my/news/nation/2018/06/376559/housing-ministry-look-ways-solve-loan-issues-faced-first-time-house

 

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Are We Birkin Up The Wrong Tree?

The Hermes diamond and Himalayan Nilo Crocodile Birkin handbag at Heritage Auctions offices in Beverly Hills, California September 22, 2014. Image credit: REUTERS/Mario Anzuoni/File Photo

The iconic Hermes Birkin handbag is said to be a worthy investment, outperforming gold and the S&P 500 in investment returns and stability. CSI Prop investigates how this bag holds up against brick and mortar.

So the Birkin smashed the almighty Box Office of Buzzwords a few days ago when a raid at one of former Malaysian PM Najib Razak’s residences uncovered the haul of the century: 284 boxes of luxury handbags, a good number of which were in the signature Hermes orange hue.

The former PM’s missus, as the entire world probably knows by now, is a huge fan of the Birkin. Word on the street is that a rare, record-setting Hermes Birkin could be among the 284 handbags seized during the raid. The purse, which has white gold and diamond hardware, fetched an eye-watering $221,755 at an auction in Hong Kong in 2015 — the most expensive bag sold at auction at the time.

One wonders if Datin Sri Rosmah’s collection could give Victoria Beckham a run for her Birkins (note: Mrs B apparently has 100 Birkin handbags). Especially since a New York Times article reportedly quoted a broker’s estimation of Datin Sri Rosmah’s Hermes Birkin collection to be worth at least US$10 million.

Whatever the rumour, it looks like the cat’s finally out of the handbag…err, bag.

So, what has a handbag got to do with property, you might ask. Here’s our cheeky comparison between bag and brick — after all, both are investments in their own right and share many similarities. Or do they? You decide.   

Some of the Birkin handbags confiscated from one of former PM Najib Razak's residences last week. Image credit: The Malay Mail Online/Hari Anggara
The cat’s out of the (hand)bag: Some of the Birkin handbags confiscated from one of former PM Najib Razak’s residences last week. Image credit: The Malay Mail Online/Hari Anggara

TOP 5 BRICK VS BAG

  1. Time = Perfection

It takes Hermes artisans a minimum of 5 years training before they’re allowed to independently create a Birkin. The artisan makes a Birkin by hand from start to end, a process which takes possibly up to 48 hours.

A house, however, takes a good many months or years to complete, requiring the skill of experts from various fields in order for it to withstand way more than a huff, a puff and a blowing down by the Big Bad Wolf.

  1. Undersupply = Exclusivity

Birkins are expensive because they are scarce, with only 200,000 bags in circulation around the world. One cannot simply buy a Birkin without a purchase history at the store or knowing someone who has bought a Birkin, before getting on the wait list.

Property prices are also governed by the rule of demand vs supply. The UK is experiencing a critical undersupply of homes, and the government is facing challenges in achieving its goal of building 300,000 homes a year to even out the demand-supply balance. This continues to push property prices upward, making it increasingly difficult for first-time house buyers to get on to the property ladder. Oh, and for the record, you can’t own a property just like that either — you need to clear checks by the regulators first. Think AML, bank loan approvals, that sort of thing.

  1. The Right Price

The price of the humblest Birkin starts at around $12,000. It could go all the way up to more than $200,000. That’s the price of a house in some parts of Petaling Jaya, according to a report in The Star.

Property is expensive, too; the greater the undersupply, the higher the price. Take Melbourne property as an example. AUD$500,000 could likely get you a landed property, but we’re talking some 16km away from the city centre. For AUD$550,000 you may get a 2-bedroom apartment in the stylish Palladium Tower apartments in Melbourne CBD, but apartments in this part of the city, at this price, is becoming a rare find (call us if you’re interested; we can hook you up).

  1. Capital Appreciation

According to research by Baghunter, the price of the Birkin had risen by an average of 14.2% since its launch, outperforming traditional investments such as the S&P 500 and gold markets. A Himalaya Birkin handbag made from the albino Nilo crocodile hide with white gold and diamond hardware and auctioned in 2014, was reported to cost as much as a 2-bed/2-bath apartment in the heart of Brisbane!

Interestingly, Savills predicts that property in the UK will grow by 14.2% over the next five years in spite of Brexit-related uncertainty. One might argue that this was a drop from the 28% price growth between 2013 and 2018 but, hey, that was during the good times. Like, pre-Referendum. We remain confident that the UK will recover after a spell of uncertainty following Brexit in 2019. 

In Australia, meanwhile, the average price of a property in Melbourne had increased by more than 6-fold from A$142,000 to A$943,100 today!

And we haven’t even talked about rental yields yet! Investment in the UK commercial property sector such as purpose built student accommodation and commercial care homes, can fetch handsome yields of up to 9%!

  1. The Show-Off Factor

Of course, all said and done, one can debate that you could bring a Birkin anywhere and show it off to anyone, while a property is most ‘inconveniently’ tied to the location in which it is built.

OK, that’s true but, hey, you can’t live in a handbag, can you?

Birkin worshippers will probably have more compelling reasons why the Birkin makes a fantastic investment, and naysayers would have equally compelling arguments for rebuttal. Perhaps we could all put ourselves in the shoes (or sandals) of the current Prime Minister and think on how to have a bata (better) management of our finances. What are your thoughts? Share with us in the comment box below. Or if you think your money is better spent on property investment, give us a call at 03-2162 2260! Don’t be birkin up the wrong tree now!

Current PM Tun M seems to have a bata grasp of what the simple things in life is.
Current PM Tun M seems to have a bata grasp of what the simple things in life is. Image credit: gempak dot com
By Vivienne Pal

Source:

  • https://www.straitstimes.com/lifestyle/fashion/284-luxury-handbags-seized-from-najib-linked-apartments-5-things-about-the-hermes
  • www.realstyle.therealreal.com/how-long-it-takes-make-one-birkin/
  • http://says.com/my/lifestyle/what-are-hermes-birkin-bags-and-why-the-heck-are-they-so-expensive
  • www.csiprop.com/uk-property-outlook-2018/
  • http://www.dailymail.co.uk/news/article-5749817/Study-reveals-500-000-buy-Australias-cities.html
  • https://baghunter.com/blogs/insights/why-are-birkin-bags-so-expensive
  • http://www.freemalaysiatoday.com/category/nation/2018/05/18/forget-gold-stocks-buy-birkin-handbags/
  • http://www.savills.com/_news/article/3359/224244-0/11/2017/uncertainty-and-lending-constraints-to-slow-5-year-house-price-growth-and-limit-house-buying-activity.-rents-to-keep-pace-with-wages–but-landlords-feel-the-squeeze
  • https://www.businessinsider.my/uk-house-prices-will-they-rise-or-fall-in-2019-2017-9/?r=UK&IR=T
  • https://www.businessinsider.com.au/a-home-in-sydney-now-costs-more-than-14-times-average-earnings-2017-4
  • www.csiprop.com/care-homes-investment-stand-asset-class/
  • https://www.thestar.com.my/news/nation/2018/05/19/hermes-birkin-pinnacle-of-bag-perfection/
  • Image credit: Reuters

 

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Construction Update – Q Studios (April 2018)

On behalf of the developer, we present to you the latest updates as of end April 2018 from the Q Studios construction site in Stoke-on-Trent. Kindly click on the image below to access and flip through the update.

FLASHBACK: Q Studios

Fulfilling Students’ Needs

Q Studios is situated in the Hartshill area, with its wide variety of shops and services. It is Stoke-on-Trent’s brand new 300-apartment purpose built student property set within a beautifully landscaped courtyard, ideally situated between two established universities. It also sits opposite an upcoming student village development and directly adjacent to the brand new £282 million University Quarter.

With only 7% access to purpose built student en-suites citywide, demand is assured for these highly sought-after studio apartments. Indeed, only 21% of the city’s growing student population currently have access to any form of Purpose Built Student Accommodation – including university halls.

Each studio is completely self-contained, with an open plan living space that includes both study and social areas, as well as a double bed and fully-equipped kitchen. The en-suite bathroom contains a cubicle shower, wash basin and toilet. Priced from £69,950.

Investment Highlights

  • 10% nett fixed yields
  • Assured 10 years
  • 10 years structural warranty
  • 10 mins walk to University of Staffordshire & University Quarter
  • 8 mins walk to Stoke-on-Trent Railway Station
  • Critical undersupply of student rooms (including university halls)

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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Construction Update – Phoenix Place (April 2018)

On behalf of the developer, we present updates as at end April 2017 from the construction site of Phoenix Place in Liverpool, UK. Kindly click on the image below to scroll through and read the update.

FLASHBACK: Phoenix Place

Phoenix Place offers the ultimate in contemporary purpose built student accommodation in Liverpool. Sited on Iliad Street, these studio and en-suite apartments are within walking distance of all of main university establishments and Liverpool City Centre, built as part of ongoing regional development in the area. The amenities within the immediate vicinityof Phoenix Place offer everything students need to make the most of student life. These include a fully equipped sports centre, gymnasium and swimming pool, the historic Greatie market and a large Sainsbury’s supermarket (due to open in 2017).

And whilst there’s plenty to do and see nearby, for those who wish to travel further afield, there is also easy access to the main routes out of Liverpool via road and public transport. This includes the Lime Street Train Station and the National Bus Depot which are less than a mile away.

Phoenix Place Investment Highlights

  • 9% nett yield
  • 5 years rental assurance
  • Fully managed
  • Fully furnished studio & en-suite apartments
  • Walking & cycling distances to main universities, city centre & amenities

Phoenix Place Location Highlights

  • John Moores Byrom Street Campus – 9 mins walk
  • Liverpool Hope University Creative Campus – 11 mins walk
  • Lime Street Train Station – 16 mins walk
  • Sainsbury Supermarket (due to open in 2017) – 8 mins walk
  • University of Liverpool – 7 mins cycling
  • Liverpool Town Hall – 8 mins cycling
  • Royal Liverpool University Hospital – 7 mins cycling


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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#GE14: Investors and the Battle for Malaysia

In just a matter of hours, Malaysia will enter what could be the biggest tussle for leadership yet — the 14th General Election. Image credit: Asian Business Software Solutions

In just a matter of hours, Malaysia will enter what could be the biggest tussle for leadership yet: the 14th General Election (#GE14).

Once again, the incumbent government faces a serious onslaught (its most critical since Independence, perhaps) as factions from the Opposition unite to mount a formidable challenge for rulership of the land. As the latter’s weapon of warfare looms in the shape of 92-year-old former Prime Minister, Tun Dr Mahathir Mohamad; the former continues to push its promises of cash and stability-in-the-status-quo to the masses.

The rising costs of living hogs the spotlight this #GE14, but yet another issue coming to a head as voters go to the polls tomorrow, is the lack of affordable housing, especially for middle class urbanites known as the M40 (ostensibly because they form part of the middle 40 percentile). This is an issue most pronounced in the bustling urban constituencies of Kuala Lumpur, Selangor and Johor Bahru. 

Bank Negara in its quarterly bulletin in Feb 2018, noted that homes had become “seriously unaffordable” in 2016 by international standards. The local media has also reported extensively on the lacklustre performance of the Malaysian property market and now, with the spectre of the general election looming ahead, contesting parties have pledged to tackle housing affordability as part of their election manifestos.

Not only is the M40 watching for the change(s) that could come with the #GE14; investors are paying close attention, too.

Currently, investors are adopting a wait-and-see approach. Wealthy Malaysian investors are diversifying their money into real estate opportunities across residential and commercial properties both at home and overseas, as well as assets such as bonds and gold in light of a more cautious market and the upcoming general election. The general sentiment is that investments into local property could pick up after the election once the dust settles and new policies are put into place.

Be that as it may, Knight Frank’s latest Wealth Report Attitudes Survey 2018 reveals that 43% of its Malaysian clients have plans to invest in properties overseas, going forward, with the top five overseas destinations being Australia, United Kingdom, Singapore, New Zealand and the United States. Interestingly, Malaysia tops the survey, followed by Hong Kong (40%), China (37%) and Singapore (30%).

The rising interest in overseas properties investment is not surprising, given the favourable returns that investors get (our portfolio of property investments can offer up to 10% nett returns for 10 years!).

“With the current property glut and wait-and-see approach adopted by investors, it is certainly a driver to continue investing abroad,” says Knight Frank Asia Pacific head of research, Nicholas Holt.

In a recent article in The Malaysian Reserve, Henry Butcher Real Estate Sdn Bhd COO Tang Chee Meng said that speculators and investors have been deterred by a host of issues including oversupply in certain locations, cooling measures by the government and cap on loan margins. The reduced interest from developers, he added, had resulted in more sluggish take-up rates for developers, thus contributing to the increase in the overhang statistics.

Stagnating rental growth rates have also clouded the local property market. And, with new developments moving at such a rapid rate, the rental market is hard pressed to keep up.

After tomorrow, the next few months will be crucial. The nation will be watching to see if promises are kept and if manifestos on bread-and-butter and housing issues will take effect in reality.

To all Malaysians traveling to cast their votes this #GE14, CSI Prop wishes you a safe journey. Selamat Mengundi.

By Vivienne Pal

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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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Are British Accents A Reflection of the UK Housing Market?

How do the Brits rate the many different accents in the British Isles and are they a reflection of the British property market?

There is a sort of ‘pecking order’ to the accents found in the British Isles. But here’s the question: is this pecking order a reflection of the performance of the property market in the different cities in the UK?

There is a common fallacy that surrounds the British accent, the misconception being that there’s only one. Well, there isn’t.

If you were to do a quick analysis of English dialects, you will find that there are roughly as many accents in the British Isles as there are in the whole of North America – including Canada, Bermuda and Native American dialects. Drill deeper and you will find that there is one dialect per every 1.3 million people in the British Isles (vs. a rather unimpressive one in 10m people in North America)!

This is a fact known to few, with many not even realising the huge variety in British accents, let alone the hilariously painful hierarchy associated with it.

Thanks to YouGov, an international Internet-based market research and data analytics firm headquartered in the UK, the mystery to this social pecking order has been  has unravelled.

There is a hierarchy associated with all the accents in the British Isles. Which do you prefer? Image credit: YouGov
There is a hierarchy associated with all the accents in the British Isles. Which do you prefer? Image credit: YouGov

YouGov conducted a research based on the public’s ratings of the attractiveness of the 12 main British accents in the UK and found that the public has deemed the Birmingham ‘Brummie’ accent the most unattractive. A study by psychologists from Bath Spa University expressed the reason behind this prejudice: apparently, people with Brummie accents sound like crooks, and are viewed as less intelligent and less imaginative.  Of course, these stereotypes are not rooted in science, and should not be treated as a true measure of intelligence.

Interestingly, the Liverpool ‘Scouse’ and Manchester ‘Mancunian’ accents were the second and third worst, respectively.  A good thing, then, that accents are neutralised in song, for Liverpool-born Paul McCartney and John Lennon of The Beatles, along with Mancunian Liam Gallagher of English rock band Oasis, might have had a harder time topping the charts!

 

So, Which British Accent Won the Linguistic Battle of Appeal?

Taking the top spot in YouGov’s research is the Southern Irish accent. Those keeping up with news on entertainment may have come across the likes of Saoirse Ronan and Cillian Murphy, whose speeches and interviews alone may well prove the report true.

Quite surprisingly, though, Received Pronunciation (RP), the very accent of the Qqueen herself, came in second place with a considerable 11-point difference from the first spot. RP has quite the prestigious reputation with only 2% of the British population speaking it, all of whom are of high social standing.

Waltzing into third place is the Welsh accent. A separate study by The Language Gallery revealed that people who speak with the Welsh twang were perceived as sounding happier than those with other English accents. Robert Downey Jr. has taken up the challenge of learning this jolly accent for his upcoming film, and Welsh fans are ecstatic about it.  

 

All British Accents Retain Their Glory Outside the UK

In the end, regardless of what the Brits themselves think, it appears that the rest of the world continues to marvel at the sophistication of all British accents.

Lyndsey Reid, a Brummie-speaking writer at Business Insider in the US recounts that there really isn’t a “bad” British accent in America given the numerous compliments she has received since landing in New York.

Her accent, she says, is a novelty that sets her apart in a positive way. Since her move to America, she has been asked to do presentations at events and provide an insight into the British English language. And, it is her voice that has been used in voice-overs for internal corporate videos.

“You guys think I sound like Emma Watson,” says the wordsmith, “and even though that couldn’t be further from the truth, I’ll take it.” 

 

British Accents Are Not A Reflection of the Housing Market 

While their accents don’t quite meet the mark (at least among the Brits), Birmingham, Liverpool and Manchester have something else going on for them — their property market.

Those keeping up with the news must be aware of the regional city rise, whereby house prices in cities outside London are experiencing greater growth than in the capital. Shrewd investors would know that these three cities, while home to the UK’s bottom three accents, are actually subject to  have some of the best house price growth rates in the UK.

And, as such, we conclude that the scales have tipped in favor of the flourishing cities of Birmingham, Liverpool and Manchester.

At CSI Prop, while we cannot offer lessons on the British accent, we can help you invest in some of the best properties the UK has to offer! Contact us at +603 2162 2260 to invest in properties Birmingham, Liverpool and Manchester.

By Nimue Wafiya

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