Posted by Steady Punpipi > 2021-02-08 20:54 | Report Abuse

IWCITY last time known as Tebrau Teguh has acquired plenty of landbanks near RTS sites ... buy now and keep in fridge

Posted by Steady Punpipi > 2021-02-08 20:56 | Report Abuse

https://youtu.be/TVp4PIfzDtQ

Posted by Steady Punpipi > 2021-02-09 09:07 | Report Abuse

RTS Link will add value to Iskandar Malaysia properties’

By ZAZALI MUSA
METRO NEWS
Monday, 18 Jan 2021

THE Iskandar Malaysia property market will benefit immensely from the Rapid Transit System Link (RTS Link) connecting Johor Baru and Singapore development.

KGV International Property Consultants (M) Sdn Bhd director Samuel Tan Wee Cheng said in particular, properties located within a 5km radius from the RTS station would benefit the most.


“Connectivity and accessibility between Johor Baru and Singapore will be enhanced once the project is up and running by 2026, ” he said when contacted.

Tan said the project would help ease the infamous traffic congestion along the 1.05km Causeway, a road and rail link between Johor Baru and Singapore.

Completed in 1924, the Causeway is the busiest border checkpoint in the world, with an estimated 350,000 to 400,000 travellers daily before the Covid-19 pandemic affected travel between both countries last year.

Tan said compared to a few hours drive via the Causeway, during peak hours prior to the movement control order, the RTS services would offer seamless travel time below 10 minutes.

“Residential developments in Johor Baru, especially those within close proximity to the RTS, will attract demand for various groups, ” he added.

They include Malaysians working in Singapore, Singaporeans capitalising on the relatively lower cost of living in Johor Baru as well as investors.

He said better connectivity and accessibility would also boost demand for commercial developments in the Iskandar Malaysia region.

Tan said some companies in Singapore might set up businesses in Iskandar Malaysia to capitalise on its lower cost base, once the bad traffic congestion of the Causeway was resolved.

“Nevertheless, the boost in demand for commercial development will take time and other factors such as government policies as well as social, economic and political dynamics come into play in attracting these businesses, ” he pointed out.

In general, Tan said, the demand for high-rise residences close to the RTS station would also improve, but that depended on a confluence of other interrelated factors, including the economic outlook and sentiment, job security and bringing the pandemic under control.

The take-up rate for different locations and projects would vary with some locations or projects seeing immediate improvement in terms of take-up rate and price while others would take longer to pick up, he said.

In drawing a comparison, he added that the price range for new high-rise residences in locations near Johor Baru city centre was around RM600 to RM1,200 per square foot, while the average price of condominiums in Woodlands, considered an outskirts area, was around S$1,000 per square foot (RM3,000).

“The price disparity will be far greater if we were to compare it to prime locations in Singapore where the high-rise property is easily three times more expensive.”

Tan said once the RTS Link was ready in six years and the pandemic brought under control,

businesses in downtown Johor Baru and matured housing areas would definitely improve.

More day-trippers and weekend travellers from Singapore would venture across to Johor Baru using the RTS Link service.

“This is especially so if the relative currency rate remains favourable to the Singapore currency, ” he added.

Posted by Steady Punpipi > 2021-02-09 09:12 | Report Abuse

TEBRAU TEGUH BHD (TTB) had its first taste of success in its bid to become a high-end property player, showing that an almost two-year transition, driven by its biggest shareholder Iskandar Waterfront Holdings Sdn Bhd (IWH), has worked.

The maiden launch of its first high-end project, Botanika @ Tebrau Coast, on May 10 and 11 attracted good response. The first block, comprising 264 residential units priced at RM550 psf, was sold within hours via balloting, TTB says in a statement.

Executive director Calvin Wong says 70% of the buyers were from Johor, with the rest from Singapore. He notes that the price was at a premium to the market rate in the vicinity of less than RM500 psf.

Botanika @ Tebrau Coast is a waterfront development that spans 12 acres and comprises three high-rise blocks with a total of 792 residential units. It overlooks Sungai Tebrau and Sungai Plentong, and is accessible to the Customs, Immigration and Quarantine Complex and to Singapore via the Eastern Dispersal Link Expressway.

“We are going through a transition into a different era, with a focus on high-end residential properties from housing developments previously. We want to create a different perception of TTB,” Wong tells The Edge.

The success of Botanika @ Tebrau Coast could serve as a catalyst for TTB, which saw its share price rise from RM1.24 at the beginning of April to settle at RM1.37 on May 14, giving it a market capitalisation of RM904 million.

In fact, in line with the boom in the Johor property market, TTB’s share price doubled over the past two years. IWH had acquired a 47.16% stake in the developer in August 2012 at 76 sen per share.

IWH, which is spearheading luxury waterfront developments in Danga Bay, Johor, is a joint venture between tycoon Tan Sri Lim Kang Hoo and Johor investment vehicle Kumpulan Prasarana Rakyat Johor Bhd (KPRJ), with Lim holding a the majority stake.

KPRJ has an 8% direct stake in TTB, apart from interests held through IWH.

When it was under KPRJ, TTB mostly focused on low and medium-cost housing in the state. But after the change in major shareholder two years ago, it made a strategic decision to go for high-end projects to boost revenue and yields.

The fact that TTB’s market capitalisation is now RM904 million, compared with its net asset value of RM542.8 million, shows that investors have high hopes for its landbank.

Wong believes the transformation will catapult TTB into a much more prolific player. Without revealing the potential gross development value (GDV) of projects in the pipeline, he says the company has close to 1,000 acres in the state that will be transformed into a waterfront development dubbed the “Tebrau Coast”, akin to the Danga Bay development under its parent, IWH.

The Tebrau Coast masterplan will see the creation of five new precincts — Tebrau River City Hub, Molek Landing, Plentong Cove, Tebrau Waterfront City and Tebrau Riverwalk — over the next 10 to 15 years.However, 70% of TTB’s Johor landbank is submerged and still needs to be reclaimed. This raises the question of whether TTB can be competitive without its margins being squeezed too much.

According to Wong, Botanika @ Tebrau Coast is giving TTB a “very good margin” at an average price of RM550 psf. However, it should be noted that this project is sited on 12 acres of ready leasehold land at Mukim Plentong with no need for reclamation.

On other projects, Wong says “I don’t foresee the [high cost of reclamation] being a challenge for TTB as the company has a track record in reclamation”.

He adds that the company will start reclaiming some of the submerged areas in Sungai Plentong area soon, and is exploring funding options. With more than RM63 million in debt and cash balances of just over RM80 million, it may need to recapitalise and gear up to fund the reclamation.

“The reclamation process and building of infrastructure will take a maximum of one year to complete,” Wong says. He would not say how much the reclamation would cost, but hopes to iron things out within the next “one to two” months.

The reclamation cost would add to TTB’s total land carrying cost of about RM586.6 million for 381.92ha or close to 1,000 acres, translating into RM14.30 psf as at December 2012.

However, Lim, the major shareholder of IWH and hence TTB, is no stranger to land reclamation. The tycoon used hundreds of millions of ringgit of his own money to kick-start the Danga Bay waterfront development almost two decades ago.

At that time, not many financial institutions were willing to fund reclamation projects as they did not want to take submerged land as collateral. But this did not stop Lim, who wanted to transform JB into a waterfront city like Hong Kong-Shenzhen.

He told The Edge in a past interview that he did not regret the purchase of over 2,000 acres of waterfront land at Danga Bay during the 1997/98 financial crisis for over RM250 million or a mere RM2.86 psf. He dismissed talk that he secured the waterfron

Posted by Steady Punpipi > 2021-02-09 21:01 | Report Abuse

PLS almost limit up today ....LKH stocks

Posted by aiaili > 2021-02-12 00:35 | Report Abuse

i aiaili and uncle here to wish all of you 牛转乾坤& Happy Chinese New Year 2021

Posted by MrsLee > 2021-02-12 00:36 | Report Abuse

Happy Niu year...

Posted by aiaili > 2021-02-12 00:37 | Report Abuse

ang paus are waiting you.. this open market, uncle says lol..

Posted by aiaili > 2021-02-12 00:37 | Report Abuse

good luck lol..

Posted by MrsLee > 2021-02-12 06:51 | Report Abuse

Ong...Heng....Huat...

Posted by meadow1628 > 2021-02-15 07:30 |

Post removed.Why?

Posted by Steady Punpipi > 2021-02-16 10:44 | Report Abuse

Same level with Ekov at 0.465!

Posted by Steady Punpipi > 2021-02-16 10:47 | Report Abuse

Patient...patient...buy now and keep in fridge ... rm140 bil enuff for IWH IWCITY and EKOVEST to shares for 20 years !!!

Posted by Steady Punpipi > 2021-02-16 12:42 | Report Abuse

Ada BUY vol today ..more than 2x Ekovest ...ada + news ka?

Posted by Steady Punpipi > 2021-02-16 13:26 | Report Abuse

Below are our study notes on Bandar Malaysia.

IWCITY is related to Bandar Malaysia. Refer study note #5 below.

BANDAR MALAYSIA, THE LARGEST DEVELOPMENT PROJECT EVER. Bandar Malaysia is Malaysia’s biggest development project in Malaysian history. It has a Gross Development Value (GDV) of RM140 billion.
INTEGRATED DEVELOPMENT. The RM140 billion integrated development will feature integrated components covering finance, technology, medical science, education, tourism and entrepreneurship, as well as being an intelligent city.
RESTART PROJECT IN 2021. The Bandar Malaysia was slated to begin in March 2020, but had been delayed due to Covid-19 Project Master Developer. It is expected to restart in 2021 – exact month and date to be announced.
MR. LIM KANG HOO, EKOVEST, IWCITY. Refer figure above for shareholding structure:
Bandar Malaysia’s master developer is Bandar Malaysia Sdn Bhd.
IWH-CREC owns 60% of Bandar Malaysia Sdn Bhd.
Iskandar Waterfront Holdings owns 60% of IWH-CREC.
Mr. Lim Kang Hoo owns 63% of Iskandar Waterfront Holdings.
Lim is the controlling shareholder of both IWH and Ekovest - He holds a 63% stake in IWH and a 32.4% stake in Ekovest.
‘With the estimated gross development value of RM140 billion for Bandar Malaysia, Ekovest must have participation with IWH together with CREC,’ Mr. Lim Kang Hoo told The Edge in an interview on September 16.

Posted by Steady Punpipi > 2021-02-16 13:29 | Report Abuse

‘RTS Link will add value to Iskandar Malaysia properties’

IWCITY FUTURE prospect KILL 2 Bird with 1 hammer!

Posted by Steady Punpipi > 2021-02-16 14:02 | Report Abuse

wont go lower ...sell sell sell...lolzzz

Posted by Steady Punpipi > 2021-02-16 15:18 | Report Abuse

Thank you sellers...IWCITY is a hidden GEM !

Posted by Steady Punpipi > 2021-02-16 15:19 | Report Abuse

0.460 been idle since morning ...0.465 bought some

Posted by Steady Punpipi > 2021-02-16 19:03 | Report Abuse

BOTAK LKK BUY CALL STARTED !!!!

Posted by Steady Punpipi > 2021-02-17 08:19 | Report Abuse

BNM cutting OPR to new low on MAR 2021 meeting...Buy Call on Property counters

Posted by Steady Punpipi > 2021-02-17 08:38 | Report Abuse

China’s CCCC to build bridge for Johor Bahru–Singapore RTS Link

Posted by Steady Punpipi > 2021-02-17 09:22 | Report Abuse

http://chanky50.blogspot.com/2009/04/tebrau-teguh.html

Posted by Akukakijudi > 2021-02-17 11:28 | Report Abuse

Start to collect

Posted by Steady Punpipi > 2021-02-17 11:47 | Report Abuse

Bandar Msia and RTS trend coming back Liao ...Lai Lai Mari Mari

Posted by Steady Punpipi > 2021-02-17 16:14 | Report Abuse

Wow green green 0.47 kikiki

Posted by aiaili > 2021-02-18 11:55 | Report Abuse

kikiki...

Posted by Steady Punpipi > 2021-02-18 12:46 | Report Abuse

kikiki... 0.465 looks yummy

Posted by Akukakijudi > 2021-02-18 16:06 | Report Abuse

False hope as usual

Posted by Steady Punpipi > 2021-02-18 16:55 | Report Abuse

Relax cool ....flush out weak holders first ma

Posted by Steady Punpipi > 2021-02-19 08:20 | Report Abuse

Good Morning Folks .... Dont wait too looooong to join in the FUN !

Posted by Steady Punpipi > 2021-02-19 15:13 | Report Abuse

https://www.straitstimes.com/asia/se-asia/malaysia-announces-winning-design-for-johor-spore-rts-link-station

Posted by Steady Punpipi > 2021-02-19 15:15 | Report Abuse

Malaysia announces winning design for Johor-S'pore RTS Link station in Bukit Chagar

Posted by Steady Punpipi > 2021-02-19 20:29 | Report Abuse

https://www.theedgemarkets.com/article/progress-rts-link-project-track-says-mrt-corp-ceo

Posted by Steady Punpipi > 2021-02-21 09:24 | Report Abuse

Chinese not ‘pendatang’, they are ‘Bangsa Johor’, says ruler

IWCITY HENG ONG HUATT ARRR!!!

Posted by Steady Punpipi > 2021-02-21 15:23 | Report Abuse

https://www.thestar.com.my/news/nation/2021/02/21/sultan-to-personally-drive-investments-into-johor

Posted by Steady Punpipi > 2021-02-21 20:35 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2021/02/20/rts-line-takes-a-fast-track-to-growth/

Posted by Steady Punpipi > 2021-02-21 20:36 | Report Abuse

0.465 sales ending ...soon

Posted by Steady Punpipi > 2021-02-22 10:45 | Report Abuse

0.490 day high

Posted by meadow1628 > 2021-02-22 11:18 | Report Abuse

Vaccination to begin Feb 24
By MARTIN CARVALHO Monday, 22 Feb 2021
https://www.thestar.com.my/news/nation/2021/02/22/vaccination-to-begin-feb-24
PETALING JAYA: The National Covid-19 Immunisation Programme will begin on Wednesday, two days ahead of schedule.

It was initially scheduled to roll out on Friday.

Science, Technology and Innovation Minister Khairy Jamaluddin, who gave the latest update, said Prime Minister Tan Sri Muhyiddin Yassin
would set the ball rolling by being the first to be vaccinated at Klinik Kesihatan Putrajaya after chairing the Cabinet meeting on Wednesday.....

Posted by meadow1628 > 2021-02-22 11:28 | Report Abuse

Vaccine optimism gives Bursa an early boost
Monday, 22 Feb 2021 9:18 AM MYT
https://www.thestar.com.my/business/business-news/2021/02/22/vaccine-optimism-gives-bursa-an-early-boost

Posted by meadow1628 > 2021-02-22 11:28 | Report Abuse

KUALA LUMPUR: Bursa Malaysia rose in early trade as news of the Covid-19 vaccine arriving in Malaysia helped to facilitate optimisimn
over this year's expexted recovery...

Posted by meadow1628 > 2021-02-22 11:43 | Report Abuse

Economy to bounce back once vaccination gathers momentum
Monday, 22 Feb 2021
https://www.thestar.com.my/business/business-news/2021/02/22/economy-to-bounce-back-once-vaccination-gathers-momentum

KUALA LUMPUR: The country’s economy is expected to show a positive development by the middle of this year once the National Covid-19 Immunisation Programme, which begins on Wednesday, gathers momentum, an economist said.
Malaysian Academy of Sciences fellow Datuk Dr Madeline Berma said economists predicted that Malaysia would be able to revive its economy starting in the third quarter of this year, depending on the smooth implementation of the vaccination programmes

.“This is in line with the forecast issued by the Economic Planning Unit which expects the country’s economy to recover around 4.5 to 5.0%, ” she said in a special coverage of the first batch of Covid-19 vaccines arrival to Malaysia on BernamaTV on yesterday.
Madeline said the services sector was one of the sectors that needed to be given priority in the vaccination programme, besides the manufacturing sector to help increase production rates.

She hopes with the national immunisation programmme underway, the country’s tourism and export sectors could also be mobilised again to open more economic opportunities for industry players.
“The country’s tourism and export sectors have been badly affected by the closure of national borders since the Movement Control Order was imposed, ” she said.

Posted by Steady Punpipi > 2021-02-22 13:19 | Report Abuse

Singapore RTS link to further spur Johor's economy, says state ruler Sultan Ibrahim Iskandar
Project construction in Bukit Chagar began in November last year.



JOHOR BARU (THE STAR/ASIA NEWS NETWORK) - Johor can expect a further boost to its economy by the next five years with the completion of the Johor Baru-Singapore Rapid Transit System (RTS) Link which will take commuters only five minutes to reach the island Republic, said Johor's ruler Sultan Ibrahim Iskandar.

Sultan Ibrahim said he had been informed that the RTS Link was expected to carry up to 300,000 passengers a day.

"It will dramatically put Johor as a strategic link to Singapore on another level. Travelling between Johor and Singapore will become much easier and faster. I am looking forward to the RTS," he said in an interview in conjunction with Chinese New Year.

He said the prices of properties would go up, as the RTS would make living and working in Johor more conducive for both sides.

"There is mutual benefit from RTS, as the link will lessen the pressure on space in Singapore. It will further integrate the two communities.

"Johor hopes to offer itself as a technological and medical hub. There is enormous potential," he added.

He also said that there would be a stronger boost to the hotel, hospitality and tourism sectors in Johor.

The 4km RTS Link - 2.7km of the route in Malaysia and 1.3km in Singapore - will link Johor's Bukit Chagar terminus station to the Singapore terminus in Woodlands North.

Project construction in Bukit Chagar began in November last year, with Malaysia starting a three-month public inspection of the RTS Link project last month.

The RTS Link stations will be integrated with local transport networks in Johor and Woodlands.

Malaysian transport minister Wee Ka Siong had said that out of the 4km line, an elevated stretch of 2.7km would stand within Malaysian boundary.

The line would go underground as it reached Singapore, said Datuk Seri Wee.

With a capacity of up to 10,000 passengers per hour per direction, the RTS Link is expected to carry up to 300,000 passengers a day.

The journey time will be only five minutes and during peak hours, trains will commute at an interval of 3.6 minutes.

The Sultan of Johor said the RTS would bring huge economic benefits to Johor and put an end to the longstanding traffic congestion problem at the Causeway.


The 4km RTS Link - 2.7km of the route in Malaysia and 1.3km in Singapore - will link Johor's Bukit Chagar terminus station to the Singapore terminus in Woodlands North. PHOTO: LAND TRANSPORT AUTHORITY
MORE ON THIS TOPIC
Malaysia announces winning design for Johor-S'pore RTS Link station in Bukit Chagar
Singapore-Johor RTS Link station and Customs building in Woodlands North to be 10 times the size of typical MRT station
"There will also be spin-off effects from the construction of the RTS, as thousands of jobs will be created for Johoreans, especially local contractors and suppliers," he said.

The total cost of the RTS project, which was earlier suspended at Malaysia's request, is estimated at RM10 billion (S$3.25 billion).

Both governments have agreed to a split of 61:39, with Malaysia forking out RM3.716 billion for the project.

Mr Wee had also said that for the purpose of Customs, Immigration and Quarantine (CIQ) clearance, a new CIQ facility would be built for passengers of the RTS Link, separate from the existing CIQ.

According to the revised bilateral agreements, the depot of the project has been switched from the existing Thomson-East Coast Line Mandai depot in Singapore to a new location in Wadi Hana in Johor Baru.

The RTS Link project was meant to be completed in 2024, but work was suspended. The suspension was extended three times at Malaysia's request.

On July 30 last year, Prime Minister Muhyiddin Yassin and his Singaporean counterpart Lee Hsien Loong attended the ceremony at the midway point of the Causeway that marked the resumption of the RTS project.

The project is now slated to be completed by end-2026.

The RTS is located within the Ibrahim International Business District (IIBD) encompassing over 100ha of the existing Johor Baru city centre, which is poised to become the next economic growth zone.

The IIBD is set to become the catalyst for explosive economic growth, propelling the city as a financial, health and technological hub.

An example of the close working relationship between the state and Singapore is the setting up of a Johor state trade office in the Republic.

The state capital is poised to complement Singapore and provide ample land and a cheaper workforce for many industries, where investors can either live in Johor Baru and commute or even set up their offices in Johor Baru.

Posted by Steady Punpipi > 2021-02-22 17:57 | Report Abuse

Good Sign attracting huge buying interests today...more to follow

Posted by Akukakijudi > 2021-02-22 19:15 | Report Abuse

Hampa betui punya canang

Posted by bahai4453 > 2021-02-23 00:15 | Report Abuse

Good promotion works done by Steady Punpipi . Well done. Botak is going to award you 2 big baskets full of musang-king for your hard work....lol. cheer guys.

Posted by Steady Punpipi > 2021-02-23 08:27 | Report Abuse

We need team works to make it happen ...no one man show ...kikiki

Posted by Steady Punpipi > 2021-02-23 08:31 | Report Abuse

http://www.propertyhotlaunch.com/wp-content/uploads/2014/07/1486_Botanika_A3_v1-brochure.pdf

Posted by Steady Punpipi > 2021-02-23 15:06 | Report Abuse

0.475 sales ending soon ...kikiki