Post removed.Why?

Post removed.Why?

Post removed.Why?

Can someone enlighten us how does a housing developer determine selling price of :
1. Condo
2. Terrace house
3. Low cost flat/ PR1MA

I am no expert in housing, but try to figure out composition of each component:

1. Terrace house (say 100k)
1.1 Cost of house sold (60k)
1.2 Contribution to School reserve, Field and playgroud, Police Station, Bomba, Road reserve etc (6k) -- Assuming conversion rate 65%
1.3 Contribution to Bumi Quota with 7% discount, Low cost housing and PR1MA (6k)
1.4 Road, drainage, street light and other infra (3k)
1.5 Sales and marketing (3k)

Gross Profit is 100k - 60k -6k -6k -3k -3k = 22k
So, if you sell a million dollar house, gross profit is 220k

Of course, you will have to give more discount under present weak market sentiment.
Some developers give up to 15% or more (Understood MK Land gives up to 20% discount).
Then you will just have 7% gross profit.
What about interest expenses during construction period?
What about interest expenses after houses already completed but not yet sold?
What about HQ expenses?

Surely looking at the numbers, most developers will be losing money, unless the land cost is low.

How to make sure houses selling cheap, and developers still make decent profit?
Only way is to removed items stated in para 1.3, that will save up to 6%.


For Condo and high-rise apartment, land cost component normally take up around 15%.
Only problem is the developers tend to overpay for the land.
So they will have to build 30 or 40 storey high-rise.
That will take them 4 years to build before they can deliver VP to buyers.
In between, if sales not good, they will receive less progress payment, and paying 4 years bank interest is enough to kill fly-by-night developers like Jaks Resources.
Many such developers will prefer to abandon the project like Plaza Rakyat, for they could not afford to pay LAD.

As how to reduce selling price for the high-rise, better leave it to the authority to work it out.
If the authority concerned is so dumb, learn the trick from S'pore HDB......

The consequences of issuing such a statement prompted Tony Pua to issue counter statement.
Final resultant is MMC-Gamuda (or Gamuda itself) will fall out of favour with MoF.
Next Gamuda need not tender for any govt related project.
They should only going to international arena, if they really think they can compete without tongkat........


Say GOOD BYE to Gamuda........................................

By going through statement issued bu MMC-Gamuda JV, what can you make up?
Still thought they are indispensable?
Why still so arrogant?
I don't think that statement was drafted by China man.
But BOD must be responsible for the issuance of this statement.

KYY talk cock.
So Gamuda speed up down fall......

TP 1.50 can reach much earlier.
Could be by this Friday or next Monday.

Short term pain, long term gain.

MMC-Gamuda has been sucking too much blood from Rakyat.

Don't want to go bankrupt?
Reduce the cost for whole project to a fair and reasonable price.
PDP is the easiest way to make big money under patronage of sugar daddy when he was still in power.

P&L after whole project completed, not hiding under the skirt of PDP.
I believe if whole MRT2 project when completed, Gamuda still make money (must take into consideration money already made as PDP).

TP 1.50 by year end..

My TP remain at 1.50 by year end.......

Too bad for those employed by MMC-Gamuda JV for MRT2 tunnel project.
They are just the pawns in a bigger scenario.

This former PDP for MRT2 (and MRT1) has been sucking blood from Rakyat when sugar daddy was in power.

Converting PDP model to Turnkey Project will make the sucker more responsible, accountable and prudent in financial management.

Any reform needs sacrifice by some innocent people.
No sacrifice how to win war?

犧牲 小我
完成 大我

Don"t make Malaysia to be like Greece
Don"t make Malaysia to be like Venezuela
Don"t make Malaysia to be like Zimbabwe

All these countries need to carry money in gunny sacks to buy a piece of bread.
We must stop further deteriorating of ringgit before another financial crisis hit us due to inability to service national debt........

$

By Justin Chin Jing Ho

My name is Justin Chin Jing Ho and I am (or soon to be, “was”) a Malaysian tunneller working on the KVMRT Line 2 underground project. I graduated 6 years ago with a 1st Class Master’s Degree in Civil Engineering from one of the best engineering universities in the world near the top of my class and despite receiving some lucrative job offers, I decided to drop all logic and follow my heart to come back to serve my beloved country Malaysia and participate in building this nation I call home. I chose not to be another number contributing to Malaysia’s brain drain statistic.

I will write this letter in a single pass without any editing or curation as I want the tone to be as raw as possible and to reflect my emotions and thoughts as I am lying in my bed at 4am wide awake trying to come to terms with the Government’s decision to terminate MMC Gamuda as the KVMRT Line 2 Underground Works contractor.

I cannot sleep not in fear of losing my job; but because I have witnessed and experienced too much pain since the big announcement and am having trouble processing it all. Alongside the thousands of Malaysians I have worked with building KL’s MRT lines for the past 6 years, many of us have worked in excess of 80 hours a week and over 300 days a year pouring out our hearts and souls in the name of making Malaysia better, and of course providing for our families.

On Sunday evening alone, after the news broke, I received over 30 calls and messages from my colleagues and comrades and over 30 more on Monday. All of the conversations differed from the others but the underlying messages were the same.

One of my foremen, big, strong and heavily tattooed, put on a brave face and asked “Boss, what will happen to the boys? Will they be okay? What do I tell them?” I didn’t have a good answer. All I could do was to put on a brave front and tell him that everything will be okay (but will it really?).

A single mother of 3, with 2 of her children in college, called up and asked, “What will happen to us now?” I didn’t know what to say to her.

One of my TBM operators, whom I have a very strong connection with after having carried him out of the dark depths of hell (also known as a TBM cutterhead) nearly 5 years ago when he got stuck and came close to drowning, put his daughter through medical school because of the opportunities presented by this project. Now he is wondering if he will have a job tomorrow and if he will have to leave his family to go overseas in search for work when he is now over 50 years old.

What do the three people above share in common? They all voted for you. They all voted for a new, better Malaysia; a Malaysia Baru. And today they went home, blaming themselves for voting for you because perhaps tomorrow, they will be out of work and will not be able to put food on the table for their families. This is most certainly not what they voted for.

We don’t need a third national car to build and grow world class engineers; I believe we have long missed the boat to be a world class car manufacturer. However, we have on hand another channel to do just that: the MRT lines in Kuala Lumpur. The Malaysian team working on KVMRT Line 1 and Line 2 have achieved groundbreaking stuff and received international recognition and accolades from the international tunnelling community for our good work here. The Variable Density TBM that we pioneered and use to tunnel through Kuala Lumpur’s extremely challenging geology was accorded the Technical Innovation of the Year Award. One of my dearest friends, Derek Eng, recently won the coveted Young Tunneller of the Year Award from the International Tunnelling and Underground Space Association beating out competition from all over the world. Just a month ago, we successfully trialled the world’s first self-driving TBM which tunnelled under the 14-lane Jalan Sungai Besi without any incidents. We hope that this too will win a number of awards in the near future. The engineers who worked on the AI algorithm for the self-driving TBM had an average age of 26 which was no mean feat!

All these engineering achievements and milestones were made possible because of the opportunities presented to the young and vibrant Malaysian team working on this highly complex and challenging project. It has given us room to grow, to build, to innovate, to dream. And soon, we will be robbed of all of this.

In my simple mind, I cannot comprehend the logic of how retendering of the remaining works and awarding them to a foreign contractor can bring greater value to the nation or for the taxpayers’ money once the abortive costs, idling costs, compensation, etc are taken into account and considering other factors like unemployment and capital outflow. I guess I’m not smart enough to run the country or to see the logic behind this decision; I can only contribute to building it.

So now I choose appeal not to your logic but to your humanity and to your love for the rakyat of Malaysia $

I am waiting at 1.50 mah........

TP 1.50 by year end......

As far as we know, MMC-Gamuda is no more MRT2 PDP.
Now it has to sweat to get paid.
Who pay sub-con now?
Who pay building material?
Who pay interest?

Last time as PDP, all cash flow problem tolak to govt.
Want money? Go and look for govt.
Sitting in air-con office, 'consulting fees' will come by as a percentage for work in progress.
Need to foot out a sen?
No need lah.
Kon lou kon lou, gaji buta.

Already so use to easy money.
Sleeping on the job also can make money.
If this type of mentality still in practice after it turn main-con under turnkey project, surely cost overrun and delay in completion.
Surely Gamuda will go bankrupt.

TP 1.50 by year end is realistic.

MRT1 tunnel project also kena sued.
MRT2 tunnel project surely cost overrun.
You must pray hard it won't delay for too long, or else LAD pun boleh buat Gamuda bankrupt......

Posted by ks55 > Oct 8, 2018 04:57 PM | Report Abuse X

TP 1.50 by year end

Posted by ks55 > Oct 8, 2018 04:55 PM | Report Abuse X

You trust Public Anal-list, surely you will go to holland

Posted by ks55 > Oct 8, 2018 04:54 PM | Report Abuse X

As a turnkey contractor, no more easy meat as PDP.
It has to bear any cost overrun and cannot pass to govt.
See how much escalated when MRT2 first announced.
If MRT2 cost overrun by 10 billion, which is highly probable tic history of MRT1 and MRT2, effectively make Gamuda a potential bankrupt candidate......Only Public Anal-list fail to visualize it.

Stock: [GAMUDA]: GAMUDA BHD

Oct 8, 2018 10:12 AM | Report Abuse

As main-con for MRT2, no easy meat now.
Everything will have to well plan ahead, like cash flow on payments, interest expenses, cost effective, etc-etc.
Any cost overrun will be borne by Turnkey Contractor, very high risk for MMC-Gamuda now as they use to escalate cost (by VO) and pass all additional charges to the govt.

Look like Gamuda may go bankrupt if cost overrun exceed 10 billion ringgit, which is very possible looking back at how things were done previously.

TP 1.50 by year end....

Talk less.
Just tell us how much is Gamuda worth?
My TP is 1.50 by end of 2018.........

Price Target (GAMUDA): Gamuda Berhad - KVMRT2 Underground Contract Cancelled

Oct 8, 2018 04:57 PM | Report Abuse

TP 1.50 by year end

Hopefully Donald Duck is removed from office before war starts.......

This trip is meant to deliver ultimatum to China.

If China gives in, Donald Duck declare victory.
If President Xi ask Duck to fly kite, very likely trade stops, and war begins.

Start with skirmishes in South China Sea, with warships bang against each other, follow by US attack on artificial islands in South China Sea, escalate to naval war in Taiwan Strait. AND to full fledged war on Taiwan.

TP 1.50 by year end

You trust Public Anal-list, surely you will go to holland.

As a turnkey contractor, no more easy meat as PDP.
It has to bear any cost overrun and cannot pass to govt.
See how much escalated when MRT2 first announced.
If MRT2 cost overrun by 10 billion, which is highly probable tic history of MRT1 and MRT2, effectively make Gamuda a potential bankrupt candidate......Only Public Anal-list fail to visualize it.

My TP for Gamuda at 1.5 by end of 2018..........

As main-con for MRT2, no easy meat now.
Everything will have to well plan ahead, like cash flow on payments, interest expenses, cost effective, etc-etc.
Any cost overrun will be borne by Turnkey Contractor, very high risk for MMC-Gamuda now as they use to escalate cost (by VO) and pass all additional charges to the govt.

Look like Gamuda may go bankrupt if cost overrun exceed 10 billion ringgit, which is very possible looking back at how things were done previously.

Sell 3.30
TP 2.50.....
04/12/2017 11:12

Those who bought at anal-list recommended price of 3.66 may lose 10% by today.
i.e it may touch 3.29
Unless public anal-list is someone close to you, otherwise just forget about SP Setia for a while......
30/06/2017 09:29

Forget about TP of 4.00 or 4.50.
Just put it at 10% either way.
Share price at the time of announcement was 3.66
Say within next 12 month, price up by 10%, i.e 4.02 - what is the probability?
Say within next 12 month, price down by 10%, i.e 3.29 - what is the probability?

Only 4 days after so called anal-list gave their recommendation, price already came down to 3.35, i.e another 6 sen to lose 10%, which is highly probable in July.

What is the probability SP Setia will hit 4.02 in July?
Almost impossible.

Just gauge yourself quality of Public Anal-list.
Really a kindergarten kid playing with masak-masak............pakai tembak.......
29/06/2017 19:58

Public Anal-list forever bring his client to holland.
What the hell he gave TP as 4.50, and immediately SP Setia fell to 3.35?

This is not the the first case.
Just find out how malicious this anal-list did to Ah Pek and Ah Soh in Parkson.
Bringing all the old fella to holland without feeling slightest guilt.
Really shame on this anal-list.......
29/06/2017 14:52

Try to recall Sime Darby/ UEP deal.
Was it a good deal?

Now consider SP Setia/ I&P deal.
Is it a good deal?
Why price drop like nobody's business?

Why useless Anal-lists gave TP all exceeding 4.00 with Public Anal-list top with 4.50?
Nobody dare to offend PNB.
What if they give adverse comment, still think they can get business from PNB Fund Managers???????
24/06/2017 15:50

I like SP Setia, but not now.

To buy over I&P is a very bad business decision.
How sure after the deal, I&P old hands will take over SP Setia management with all useless fella running the show?

I&P allocate very few residential units to non bumi buyers.
So non bumi very hard to buy, many times experience with the Bayuemas sales personnel.
Bumi always give more than 7% discount, and they are asking for more.
If you buy into Bayuemas, be ready to get bumi neighbours.

Denai Sutera in Kinrara is not selling well.
Now they are selling (bumi lots?) to non bumi.
Still got about 30 units or so and they are now hanging over keys and vacant possession to buyers.
Visited the sale office, almost vomited blood.......
23/06/2017 11:16

You trust Public Invest Anal-list?
They will bring you to holland right here, right now.........
23/06/2017 10:48

Moreover, I&P sales personnel job ethics and professionalism simply useless.
Go to Kinrara or Bayuemas sales office to see the way they entertain client.
Compare the way SP Setia sales personnel doing their job in Setia Alam sales office.
You will see a world of difference between the two........
23/06/2017 10:48

Please note, total asset inflated to reflect current (not sure is realizable value) market value, borrowing and other liabilities yet to take into consideration.
Detail account not provided mah.........
23/06/2017 10:29

Total asset 7,100m
Total gross profit 45m
ROI gross 0.633%

So you still expect I&P to contribute to enlarged SP Setia ?
23/06/2017 10:25

SP Setia and I&P, which one should have better valuation?
Why? No need to have rocket science calculation to figure out.

So is the deal fair to SP Setia minority shareholders?
Who actually benefited from this deal?

Try to recall when Sime Darby bought over UEP.
How can they equate Sime Darby worth only 3 times valuation of UEP?
Similar logical argument with SP Setia and I&P deal here.

So what are you waiting for?
Wait for RI?
Wait for your money being taken and given to someone else?

Take the proceed from SP Setia and go for better alternative.
If you still have confidence in property counters, why not go for Crescendo, Plenitude, Daiman or even E&O?
At least you get value for your money.............
23/06/2017 09:16

Couple with bigger rotten egg in Megasteel, Lion Corp and Lion Diversified.
Each and every one of these rotten egg is growing in size matching now defunct Amsteel Corp Bhd....

Post removed.Why?

"Meanwhile, those on TIME’s current highest 500Mbps plan are apparently getting double the speed at 1Gbps.

Here’s how much TIME customers are paying:
100Mbps TIME (RM149/month) -> 500Mbps
300Mbps TIME (RM189/month) -> 800Mbps
500Mbps TIME (RM299/month) -> 1Gbps

Below is Unifi’s Turbo upgrade offering as a comparison:
10Mbps Unifi (RM129/month) -> 100Mbps
30Mbps Unifi (RM179/month) -> 300Mbps
50Mbps Unifi (RM249/month) -> 500Mbps
100Mbps Unifi (RM329/month) -> 800Mbps

At the time of posting, TIME have yet to make any announcement on the upgrade and their website is still showing their current plans without the speed upgrade. Perhaps TIME’s approach is to upgrade all of its existing customers first before making the new faster plans available for new subscribers.

The upgrade exercise should be seamless as TIME runs on a 100% fibre optic network. Meanwhile, some TM Unifi customers are capped at 30Mbps as it uses copper-based VDSL instead of fibre for certain high-rise buildings.

With this new speed upgrade, TIME will have the most affordable 500Mbps broadband plan in the country at only RM149/month. That’s 5X faster than the the 100Mbps plans that are currently offered by Maxis and Unifi at RM129/month."




TM is pronounced dead....

1. RM 149 vs 249 for 500mbps
2. hyppTV unbundled, those paying rm 199 will be paying 129 without hyppTV
3. No unifi for highrise, all captured by Time.com
4. Unifi not willing to provide broadband service if less than 50% units requested
5. Newly completed condo where can they sell 50% upon VP? surely unifi committing suicide with that policy

Sin-die has no more hope already.
He won't spend extra minute to lure water fish to that counter any more......

When Jaks fell (or about to fall this time), KYY will come out to con you buying into his stock.

He dare to see you go holland.
That is not his concern.
More important thing is somebody should die in order he can keep his nose above water..........

What is the author trying to tell us?
If go for STPM exam, he will not pass because essay written is out of point.

Where has he mentioned about the out look for next 2 years (2018 is coming to end)?At most is writing something to the following effect without offering any explanation:

"As a conclusion, I think mid range property may face some drop of property price and those olden day which you make ton of profit from property will be over. It only will happen when Malaysian income have a drastic growth which is unlikely for the next 2-3 years. For those landed property which transacted more than a million, it really depend on the location. For those multi million, it just a different of the figure to them. They just want it for own stay or investment as land is getting limited at KL/Selangor or other prime area location at other state. So, property sector may face difficulty time during this period of time. Do check out property developer cash flow as thing may get worst in the future and your investment could turn out to be huge losses if you never do your homework."

Tell us something more concrete like effect of DIBS
Tell us something like developer jacked up the price then offer bigger rebate
Tell us something rebate is a more prefer option than giving discount
Tell something when buyers should go for rebate, and buyers should go for discount
Tell us something how inflation could help buyers make decision whether is right time and right price to buy that property
Don't write a SPM standard essay when you go for STPM exam, and most important is to see whether the essay you write carry any point to the question

Gilakah KJ?
You as opposition want govt of the day to provide you bullet shooting at them?
UMNO has billions to be distributed to its divisions at district level, why can't just provide 1 million for its shadow cabinet?
Or the shadow ministers also asking for same pay as ministers themselves?

Sure boh?

Who is the target group?
What is the selling price like?
Expected sales?
Factory fully automated?
Capex?
R&D expenses?
Or is it like India national car new car old look, 50 years no change in appearance?


https://www.youtube.com/watch?v=PbO1xIORBB4

284 handbags, at least 284 charges