Posted by janeliaw > 2015-06-02 12:04 | Report Abuse

means we should avoid stock like OKA, SCH, Ptaras, Econpile etc??

Posted by tksw > 2015-06-02 13:12 | Report Abuse

Mr. Koon, Asianpac revaluation, though not a realised profit, but it has reveal the potential earnings from the property concern. The property is an investment property which could generate future income/cashflow. The actual performance is yet to be proven but it is for the investors at large to evaluate the risks and rewards before they buy into Asianpac.

Posted by Johnnys > 2015-06-02 13:27 | Report Abuse

I like warning, thanks Mr koon

Posted by skyz > 2015-06-02 13:38 | Report Abuse

Murali, seems that you are the very few who manage to see through his tricks and "noble intentions". but they are always ignorant supporters who follow blindly of his articles and 'recommendations'. everytime ppl like us disclose and debunk his "good faith", then he will retaliate and calls us stupid. can't blame KYY for that, if got ppl obstruct ur path to making money, you also hate them right? haha...

Posted by skyz > 2015-06-02 13:44 | Report Abuse

ks55, he is definitely not acting in good faith and noble in intentions. those who has followed his movements in Jayatiasa and Mudajaya can predict wats his next move in VS and Lattitude. When he is accumulating, he will be silent. when he accumulated enough at low price, he will be loudspeaker and promote the stock, leaving some crumbs for forumers here to chase after. then he slowly disposes off and leave without a trace. Can't blame him, every man for his own in the stock market. no such thing as "noble intentions". like it was mentioned earlier, legally correct, ethically and morally wrong.

Posted by AzerothJr > 2015-06-02 14:17 | Report Abuse

If you blindly chased and unfortunately got stucked under the wheel think of it as a charity for the scholarship of the other underprivileged students instead as tuition fee. You might feel better that way.

Posted by show > 2015-06-02 14:38 | Report Abuse

for most people property is the best place to park their money if they are not playing the stock market ( most people do not trust the stock market ). Keeping cash is useless because money becomes smaller every day, so people got no choice but to buy properties. Mr Koon seems to be outdated FD person I supposed.

Posted by Christensen > 2015-06-02 14:48 | Report Abuse

How about bought for retirement
However the last resort is still buy for own stay which I think is hilarious

speakup
4724 posts
Posted by speakup > Jun 2, 2015 11:06 AM | Report Abuse

Christensen, if buy to stay is ok, if buy to flip..... sorry lah.

Posted by kakashit > 2015-06-02 15:33 | Report Abuse

ya, the unsold condo units will become "build first sell later"， 响应政府的号召

Posted by murali > 2015-06-02 15:44 | Report Abuse

Bro Skyz, I think many of us see through the old man's tricks (who cant?), just I am the only one acting like a broken records, whacking again n again...maybe I love him much more than anyone here....

Posted by gungho92 > 2015-06-02 15:50 | Report Abuse

true... developers all jump into the bandwagon of property hoohaa! now supply is more than demand ! the property sector wont necessary crush, but definitely will slow down. until small players are shake out, equilibrium will come

Posted by kiasutrader1 > 2015-06-02 16:10 | Report Abuse

It is interesting to note that some of the comments here point to future business of Asiapac - re the Imago Mall. With the GST, consumers are more careful how they spend. Also do you think the mall can afford to charge high rental? Also, Mall operations reported a negative RM4 which is an increase from last year. Property development income is also winding down.

I suggest all to download the recent results of Asiapac and read thru it carefully. Also since all here like to use charts, the gap up the other day was a definite SELL volume. Those who want to see my full report and register as a Club Member at www.kiasutrader.com. Cheers

Posted by Christensen > 2015-06-02 16:22 | Report Abuse

Of course I am starting to become cautious when I see plenty of property unsold
More and more people trying to low ball the property price
They go around and ask the price
And they will do it over and over again for several months
I think many people are well prepared to buy at bargain when the collapse happen

Posted by KongTauMong > 2015-06-02 16:24 | Report Abuse

KYY talk like expert in property. His own area of expertise also down the drain. What happen to mudajaya? What happen to Jtiasa??

Posted by limayseng > 2015-06-02 16:50 | Report Abuse

in total agreement ....just look at Iskandar n all the unsold properties there will show u the right path to take...

Posted by Christensen > 2015-06-02 17:29 | Report Abuse

people has been complaining property is not easy to rent and even harder to sell
Very few people can actually afford to purchase property after the price has been turn two to three fold over the 10 years
How much property will go down so that most of the average people can afford to buy property of their dream?
I personally think property need to go down at least 50% so that people are happy to buy them

Posted by AdCool > 2015-06-02 18:06 | Report Abuse

As long as there is still holding power with support from parents saving and got job on hand, property prices wont go down but sustain at this level. Buyers who bought their properties in 2011, 2012 and 2013 are unable to accept the fact that it is no longer the same. There are no more hot market for properties as the price has increased into a level that not many ppl can afford it.

Anyway, ppl still have saving and job to hold on to the properties. Until the saving is exhausted and the economy get worst due to weakening Ringgit and also the stupid scandal of 1MDB, we may be able to see some correction by then. I don't think this will happen within 2015. Maybe 2016 the earliest.

Posted by calvintaneng > 2015-06-02 19:50 | Report Abuse

Don't waste time on non essential

Go Buy Oil & Gas Counters!

The Next Thematic Play in Malaysian Context.

Follow the PATH OF MONEY IN INVESTMENT - Pengerang Rapid will Dish Out Projects over RM100 Billions for Oil & Gas Players.

Posted by tksw > 2015-06-02 19:55 | Report Abuse

kiasutrader, you know why Asianpac got 4mil loss on mall operation or not? Dig further before tok. Investment always carry a risk factor. How sure are you the Imago Mall operates by Asianpac is not able to perform in future? As for me, I am never sure, but am taking a risk, then manage it.

Posted by show > 2015-06-03 08:18 | Report Abuse

let me ask, if don't buy property.. where else can you park your money apart from share market ?

Posted by kkng0819kk > 2015-06-03 15:04 | Report Abuse

Around kota kemunin areas,ppl still queing for ds terrace house for min 1mil each!How many youngsters
can afford to buy without parent 'help.?

Posted by kancs3118 > 2015-06-03 16:33 | Report Abuse

Hi all;
Actually, Mr Koon's article is quite insightful. But then, i need to highlight 2 points:

"It looks like the Board of directors does not know that there is already an oversupply of properties in the market and they do not seem to realize that it will take about 7 years to complete the development of the land before they can see any profit."

(1): Oversupply of properties in the market: There is a shortage of affordable housing in the market. If your counter is like Matrix Concept whereby the price per square feet is at RM7 and they are able to sell at RM40 to RM45 per square feet, then there is nothing to fear. In fact, Matrix Concept is reporting positive operating cash flows every quarter. Actually, now is the best time to buy property counters that have huge tracts of landbank (better still; if they bought it at dirt cheap prices last time). Here, the developers can build their "bread-and-butter" affordable housing to weather through this period of property slowdown.

(2): Takes 7 years to complete the development of the land before they can see any profit: Normally, developers will develop the land by phases and then recognise progressive billings based on percentage of completion on that particular project. Hence, developers will book in the profits throughout the lifetime of the projects. Hence, developers do not need to wait until the end of 7 years to start recognising profits.

In addition, about the pre-sold properties: I concur with Mr Koon that if the condominium was recently launched and if the take up rate is poor, then the developers will be in deep trouble. This is because upon completion of the condominium, there is no buyers and there will be a build up of inventories. This will create a liquidity crunch because the monies are tied up with inventories and to make matters worst, the developers need to continually service the bank loans.

However, if the pre-sold properties has hit about 50% to 60% of the project's GDV, the developer need not fear because they have kind of like break even.

Posted by AzerothJr > 2015-06-03 16:46 | Report Abuse

1mil only, many mid income household can actually afford it (10k ~ 12k) can easily afford it with both working.

Posted by AzerothJr > 2015-06-05 13:39 | Report Abuse

Your rule of thumb for buying house is the same as valuations. It changes overtime depending on GDP and etc. I had made it, others had made it. Yes no doubt its difficult but nothing comes without hardship.
In the past valuation is 12 times, nowadays 18 times and its still going up. There is no right or wrong, just a matter of discipline to get it achieved.
Yes, who wouldn't want to have lower Rule of thumb.
In the past buying house i only need to pay 30x my monthly salary.
Nowadays rising to 100x but do you have a choice if you had nothing to start with?

Posted by JN88 > 2015-06-05 13:50 | Report Abuse

Property price never increase it just ours money keep and keep diluted....

In stock market many are pump and dump counter, in property market many are pump and dump property type such as soho (bad location just like bad counter in stock market).

When slow down property sale, best time for you hunting good property or ur sweet home since it may be under correction period.

PROPERTY is the BEST location TO PART UR MONEY and PROTECT UR MONEY.
PROPERTY STOCK?? hahahaha