Posted by azlan88 > 2017-04-01 20:32 | Report Abuse

too bad, focusmalaysia article is not posted online like the edge.

Posted by nemesis > 2017-04-01 21:27 | Report Abuse

Habis...Monday sure lifted high...no more cheap sale!

Posted by kancs3118 > 2017-04-02 09:26 | Report Abuse

Now, anxiously waiting for Union Suites sales performance.

Hi Azlan88, what do you think of Union Suites ?Need your wise insights.

Posted by kudamuda > 2017-04-02 12:10 | Report Abuse

The article at Focus Malaysia pg 6 titled "Service provider but 50% of Star Residences' Tower 3".

===
Nearly 50% of the units in Tower 3 of the RM3 bil mixed development Star Residences' has been acquired by an apartment service provider ahead of its launch this month according to sources.

The apartment service provider is believed to have taken up over 200 units of the last tower of the project in Jalan Mayang, a short distance from the Peyton's Twin Towers in Kuala Lumpur.

The source says the apartment service provider is one of the more established names in the market , considering that Star Residences is high-end development.

...

.... Tower 1, comprising 557 units, was launched in 2013 at RM1500 psf and Tower 2, with 485 units was launched in 2015 at over the RM1800 psf mark. Tower 3's pricing is expected to be RM2200 psf.

====


*You're advised to read the full article on pg 6 of Focus Malaysia, April 1-7 edition.

Posted by kudamuda > 2017-04-02 12:12 | Report Abuse

Sorry, typo. Not "but". It's "buy".

Posted by CharlesT > 2017-04-02 12:18 | Report Abuse

Thanks for sharing

Posted by azlan88 > 2017-04-02 13:46 | Report Abuse

If you ask my opinion, Union suites would be doing well because of its strategic location. Easily accessible by KESAS, and few other highways, it is also surrounded by universities and colleges. Believe that it would be a preferred locations for students to rent especially for the smaller sizes. Would be appealing for investors instead of owner-occupiers. Don't worry la, it would sell like hot cakes.

Posted by kudamuda > 2017-04-03 09:11 | Report Abuse

Location wise, Union suites looks appealing. Got discount for shareholder? hehehe...

Posted by darrenliew > 2017-04-03 09:57 | Report Abuse

BASED ON THE VERY SUCCESSFUL SALES OF STAR RESIDENCES (OPPOSITE ICONIC PETRONAS TWIN TOWERS AND WITH ITS HIGH MARGINS, SYMLIFE'S 4Q PROFITS WILL BE VERY GOOD. THIS MEANS WE CAN EXPECT A DIVIDEND OF 5 TO 6 SEN

Posted by darrenliew > 2017-04-03 11:24 | Report Abuse

STAR RESIDENCES NEAR ICONIC PETRONAS TWIN TOWERS ARE IN HIGH DEMAND.
TOWER 1 (557 UNITS PRICED AT RM1500 PSF IN 2013) AND TOWER 2 (485 UNITS PRICED AT RM1800 PSF IN 2015) HAD BEEN ALMOST FULLY SOLD OUT.
TOWER 3 >400 UNITS PRICED AT RM2200 PSF ) HAD 50% SOLD ENBLOC TO A LEADING APARTMENT SERVICE PROVIDER IN ADVANCE OF ITS OFFICIAL LAUNCHING THIS MONTH.
HIGHLY SUCCESSFUL SALES AND WITH ITS BIG MARGINS (COST PSF OF RM500 PSF) SYMLIFE'S 4Q PROFITS AS AT 31/3/17 WILL BE VERY GOOD.

THIS WILL BE IN ADDITION TO REPORTED GOOD SALES FOR ITS WELL LOCATED OTHER PROJECTS IN MONT KIARA, SUNWAY, SHAH ALAM (UNION SUITES).

WE SHOULD BE GETTING A GOOD DIVIDEND WHEN ITS 4Q/FULL YEAR RESULTS ARE ANNOUNCED NEXT MONTH.

Posted by darrenliew > 2017-04-03 11:36 | Report Abuse

WITH THE HIGH SUCCESSFUL SALES OF ALL ITS RESIDENTIAL UNITS, ITS 5 BLOCKS OF RETAIL SPACE WILL ALSO BE SUCCESSFULLY TAKEN UP BY LEADING INTERNATIONAL BRAND NAMES SINCE ITS LOCATION IS IN THE POPULAR ICONIC PETRONAS TWIN TOWERS AREA

Posted by kancs3118 > 2017-04-03 16:18 | Report Abuse

For Union Suites, there are two factors that need to be considered.
Firstly, a good portion of the units are priced below RM1.0M - which effectively blocks out the foreign buyers which forms a huge bulk of the buyers for Star Residences. Hence, we cannot compare the performance of Star Residences with Union Suites. Furthermore, Star Residences has the global brand name of Samsung and the emergence of very reputable F&B brands - such as Michelin 5 Stars restaurant, Madam Tussuad, Zouk NIght club and Star Walk of Fame and the recent service operator - Ascott Hotel. All of these reputable brand names will make The STar Residences project a huge success.

However, we don't have the star brand name for Union Suites.

Secondly, the rejections for loans have dropped off significantly and a new class of quality buyers have emerged. However, this class of quality buyers are mainly for affordable and high quality housing which is selling at the price range of RM0.5M to RM0.8M and mainly for own stay. Those flippers who buy a few properties at one shot and hoping to flip for quick profit have dried out. However, we also cannot deny the fact that genuine investors may want to buy Union Suites but the rental yield is going to be bad. I mean if you dump about RM0.8M for a bite sized unit, the rental from this unit must be really high to make decent rental yield.

Hence, i think the market for Union Suites is mainly catering for genuine investors - not so much for those who buy for own stay and this investor has to bear for poor rental yield. In terms of capital appreciation, they have to wait for a few years prior to disposing mainly due to the reducing scale rate for RPGT and of course, the developer has factored in future pricing for our benefit.

But if Union Suites can really make it to 90% sales, then we should be looking at unbilled sales of close to RM2.0B at the end of Dec'17 (conservatively)!

Posted by kancs3118 > 2017-04-03 16:19 | Report Abuse

Having taken a conservative stance, there is one thing about SymLife and Tan Sri Azlan Yahya - is that they always follow through with what they have communicated with the press.

@ Azlan 88, i sincerely hope this Union Suites will be a sellout like hot cakes.

Posted by kancs3118 > 2017-04-04 11:44 | Report Abuse

When wanna break $0.90?

Posted by darrenliew > 2017-04-04 11:46 | Report Abuse

4Q BUSINESS JUST COMPLETED ON 31/3/17. INDICATIONS RE VERY POSITIVE. LIKELY BIG JUMP IN PROFITS FOR ITS 4Q AND ITS FULL YEAR SUPPORTED BY RM2B UNBILLED SALES. WITH RISING PROFITS WE CAN EXPECT A GOOD DIVIDEND TO BE GIVEN WHEN ITS RESULTS ARE ANNOUNCED NEXT MONTH.
SYMLIFE IS STILL DEEPLY UNDERVALUED /UNDERPRICED.
WITH ITS NTA AT RM2.12 (STILL CONSERVATIVE AS ITS PRIZED SG LONG LANDBANK IS STILL PEGGED AT ITS BOOK VALUE OF RM8 PSF (AGAINST AT LEAST RM30 PSF AND EVEN MORE FOR ITS COMMERCIAL PORTIONS) ITS PRICE TO BOOK RATIO (P/B) IS ONLY 0.42x (0.885/2.12)
(COMPARED TO P/B OF 1.25x for sp setia (3.54/2.83)
1.42X for ECOWOLD (1.52/1.42)

VALUE CREATION TO BE REFLECTED BY RISING SHARE PRICE OF SYMLIFE CAN BE ACHIEVED BECAUSE OF IT CURRENT ROBUST BUSINESS GROWTH, INCREASING PROFITS AND EXPECTED RISING DIVIDENDS

Posted by kancs3118 > 2017-04-04 12:25 | Report Abuse

@ Darren , the unbilled sales is still not yet RM2B as Union Suites have not yet fully sold . Don't count your chicks before they hatch.

Posted by kancs3118 > 2017-04-04 13:29 | Report Abuse

Come on....break RM0.90 for daddy

Posted by darrenliew > 2017-04-04 14:22 | Report Abuse

SHOULD HAVE REACHED 2B ALREADY. WATCH FOR ITS UNBILLED SALES WHEN IT ANNOUNCE ITS RESULTS NEXT MONTH

Posted by kancs3118 > 2017-04-04 14:38 | Report Abuse

Please give me the breakdown of RM2B?? Mind you....even though Tower 3 is 50% sold, assuming the GDV for Tower 3 is RM1B, this RM500M needs to be shared with UM Land. Hence, unbilled sales is only RM0.25B from Tower 3 sales ! Hence, unbilled sales is only at about RM1.25B.

Posted by kancs3118 > 2017-04-04 14:40 | Report Abuse

Once Tower 2 and Tower 3 is fully sold, then unbilled sales is RM1.5B. Them, when Union Suites is fully sold, then unbilled sales will hit RM2B.

There, I have provided the workings. How about yours ?

Posted by cherry88 > 2017-04-04 14:54 | Report Abuse

stay...to hit RM1.00 soon...people slowly realize this stock potential

Posted by cherry88 > 2017-04-04 15:09 | Report Abuse

volume creation

Posted by smartInvestor1 > 2017-04-04 15:53 | Report Abuse

Don't sell first.. i saw some group buy call.. I entered at 0.665. Now they baru nak call buy.. hahaha

Posted by smartInvestor1 > 2017-04-04 16:04 | Report Abuse

very good pattern after retracement..

Posted by cherry88 > 2017-04-04 16:17 | Report Abuse

SmartInvestor Group

Posted by maxmax > 2017-04-04 16:57 | Report Abuse

buy now

Posted by equitydiary > 2017-04-05 09:12 | Report Abuse

The Symphony of Value

Posted by CharlesT > 2017-04-05 09:22 | Report Abuse

New high...few more cents to see RM1

Posted by cherry88 > 2017-04-05 09:26 | Report Abuse

RM1 is still too low to take profit. You should know why by now

Posted by nemesis > 2017-04-05 09:32 | Report Abuse

U guys have done a good job to spike up the price...

Posted by nooobieee > 2017-04-05 10:05 | Report Abuse

OMG!! I only bot half my target.. apa macam ni?
still can buy now?

Posted by cherry88 > 2017-04-05 10:14 | Report Abuse

what do you think ?

Posted by nemesis > 2017-04-05 10:23 | Report Abuse

Pls Don't buy...too high for you...

Posted by kancs3118 > 2017-04-05 10:28 | Report Abuse

Come on ...break RM1 for daddy....make daddy proud !

Posted by cherry88 > 2017-04-05 10:57 | Report Abuse

Please don't influence by others. You make your own call

Posted by nooobieee > 2017-04-05 11:04 | Report Abuse

I just bot.... now sked

Posted by nooobieee > 2017-04-05 12:07 | Report Abuse

wahseh my mudajaya fly to the moon already
this one still not moving
wrong choice...

Posted by kancs3118 > 2017-04-05 12:34 | Report Abuse

@ equity diary ....mmm..please research and share with us about Union Suites

Posted by nemesis > 2017-04-05 13:06 | Report Abuse

Don't make so much noise here kancs3118...we still need to buy more at lower price...Don't try to be a hero here son...

Posted by nooobieee > 2017-04-05 14:36 | Report Abuse

oh no! it's a trap!! pump and dump!!

Posted by equitydiary > 2017-04-05 14:55 | Report Abuse

@kancs3118, I'll try and see what I can find out

Posted by kancs3118 > 2017-04-05 14:59 | Report Abuse

@ equity diary - thanks a lot, friend.

Posted by nooobieee > 2017-04-05 14:59 | Report Abuse

limpeh wallop 0.905... dammit

Posted by nooobieee > 2017-04-05 14:59 | Report Abuse

kena trapped liao

Posted by nooobieee > 2017-04-05 15:00 | Report Abuse

somone buy 0.905 from me k?

Posted by nooobieee > 2017-04-05 15:20 | Report Abuse

thank you peeps but I changed my mind
sold mudajaya, bring my cash over here wallop somemmore

Posted by cherry88 > 2017-04-05 15:32 | Report Abuse

short term before 30May will be RM1.20....1 year period until 28Feb will be RM2.00.....u decide when to sell

Posted by cherry88 > 2017-04-05 15:33 | Report Abuse

most analysts won't specify time frame, but I do with target level....If u detail enough, the time frame is after the results announcement

Posted by cherry88 > 2017-04-05 15:35 | Report Abuse

any time longer after 28/2/18 will depend on the Sri Kebangan development, which still record at cost

Posted by nooobieee > 2017-04-05 15:50 | Report Abuse

wahseh.. sounds attractive
thanks cherry jiejie