Author: Charles Tan
-
EcoWorld: RM1.1 Billion for 2,198.4 acres of land in Kuala Selangor
Sometimes, some land deals would surprise me. Reported in The Star, this one surprised me tremendously. EcoWorld has proposed to buy 2,198.4 acres of land in Kuala Selangor for RM1.181 Billion for a mixed eco township with a gross development value (GDV) of about RM15bil. This is approximately RM12.33 per sq ft. According to EcoWorld,…
-
HBA: Regulate profit margins, property prices down significantly
Reported in SunBiz. According to the House Buyers Association (HBA) secretary-general, Chang Kim Loong, if the government regulates the profit margins of property developers for the ‘affordable’ category, this will reduce property prices significantly. He quoted an example of a ‘crazy’ Cheras terrace house which is priced at RM750,000 today. He said that if his…
-
Retail Penang is facing oversupply, more coming.
Slightly over 3 years ago, I was looking for an office space for my previous company within Penang island. There were numerous choices and the more expensive ones were slightly over RM3 per sq ft. Many were below RM2 per sq ft but the environment and the facilities were not that spectacular. One was only RM1.10…
-
Slow times? Eco World set to hit RM3 billion target
Reported in The Star online, EcoWorld has announced that it is confident that it will meet its sales target of RM3 billion for its current financial year ending Oct 31 2015. It said that the achievement is because of its brand profile and township development. Its immediate plan included the launch of Eco Meadows in…
-
Pantai Sentral Park Secoya Residences at RM780 psf
Reported in The Star on IJM’s Pantai Sentral Park development. The first phase Inwood Residences was RM100 per sq ft lower and second phase called Secoya Residences is now at RM780 per sq ft. Phase One (Inwood Residences) has been fully sold, for the non-bumiputra units. Pantai Sentral Park is a 58-acre integrated development right…
-
Property sales down 9%, only 40% of launches sold
In a latest survey from the Real Estate and Housing Developers Association (REHDA), it has shown that sales for the first half of 2015 is 9% lower than same period last year. A further breakdown revealed that out of the 10,877 units which were launched in H1 2015, only 4,374 or 40 percent were sold.…
-
Singapore’s future growth potential depends on local SMEs
I read something very real and very useful not just for Singapore but for any nation wishing to continue growing. Its always great to grow with Foreign Direct Investments (FDIs) but if the local companies and local talents are not built up, the growth would only continue as long as the MNCs still think the…
-
Good notes for stock investing from an investment guru
I think this is very worth noting down and sharing with everyone who is thinking about the stock market today. I read this in The Star and they were putting up an article about Tan Chong Koay who is Pheim Asset Management Sdn Bhd’s founder and chief strategist. According to the latest Lipper Global classification for…
-
Affordability and availability in Johor’s ‘Bangsar?’
Everyone thinks highly of Bangsar as a location of choice as well as the type of residents there. Thus, the price has been increasing steadily and is definitely higher than another hotspot, Mont Kiara. Well, have you heard of “Bangsar” in Johor Bahru? According to the managing director of Casa Andaman Sdn Bhd (better known…
-
Impossible, how can Ringgit be Most Attractive?
This evening, 17th September, I read a shocking news. An international investment bank said Ringgit is the most attractive compared to all other emerging market peers. Sounds unbelievable? Well, their reasons are as follows. Morgan Stanley Investment Management predicts that the ringgit as well as rupiah will outperform peers despite both having dropped to their…
-
More supply equals lower prices? Or less demand?
AllianceDBS Research said that due to high incoming supply, the house prices would continue to moderate until next year. It said that incoming supply will be the highest in 10 years and this is good for house buyers. The current environment for property sales remain challenging and the strong house appreciation over the last few…
-
Atria: Not a lot though not too few at least
I was at Atria today for the first time. The new mall which was rebuilt by OSK Property. Since it’s a public holiday, my expectations would be that everyone within the vicinity may be at the mall for shopping, socialising and even simply strolling and browsing. Well, there was a huge group of people, families…