Yes, u r right. All pls run away on Monday. I already told u all to run. Next week is last chance. I will stay back and hold the fort. Run!! My love!! Run!!!
Unless the daily trading volumes perked up the stock will trade sideways. Pending good corporate news if any then the price will move upwards.Otherwise, it will take sometimes for the RI to settle down before any price uptrend takes place.:-(((
See..... Property – A limelight on affordable housing
The issue of affordable housing has generally been discussed and debated for the last couple of years.
The widening discrepancy between housing property prices and the people’s average income continues to become an on-going problem for the government and developers who are also trying to keep prices down amidst the current economic condition.
In 2015, a report by Khazanah Research Insitute revealed that residential properties prices in vastly populated areas or urban areas such as Kuala Lumpur and Penang were both ‘severely unaffordable’, with a median multiple of 5.4-folds, further shedding light on the need to boost the supply of affordable housing.
According to a report by RHB Research Sdn Bhd (RHB Research), while property transactions have dried up significantly, prices have not corrected enough – this is even after three consecutive years of slowdowns in the property market.
“In 2016, the residential and non-residential property transaction volumes year-on-year (y-o-y) fell 14 and 25 per cent respectively. At the same time, transaction values still climbed four per cent (residential) and 82 per cent (non-residential), potentially due to some en bloc transactions.
“The growth in Malaysia’s House Price Index has moderated to 5.3 per cent in the first quarter of 2017 (1Q17) compared with 13 to 14 per cent during the peak in 2012 and 2013 respectively,” it said.
Under 11MP (2016 to 2020), the government set the target of building 653,000 homes for the poor, low-income and middle-income households under various programmes, compared with 111,000 and 102,200 units that were built under 9MP (2006 to 2010) and 10MP (2011 to 2015), respectively.
This year is expected to be no different than before as Budget 2018 could also focus on affordable housing, with initiatives that are expected to benefit both the consumers as well as developers.
Analysts generally believe that Budget 2018 could see announcements further initiatives for the government’s on-going affordable housing programme; 1Malaysia People Housing (PR1MA) and PPA1M.
Nevertheless, expanding the affordable housing programme is not a clear cut solution as the research arm of Maybank Investment Bank Bhd (Maybank IB Research) opined, in the case of PR1MA, of the original 500,000 affordable homes targeted to be constructed over a five year period of 2013 to 2018, to date, only 267,902 units have been approved nationwide and of these, 139,393 units are currently under construction, and 8,475 units has been completed as at August 16, 2017.
As such, the research team believed that for 2018, the government could announce a single or central authority to oversee the affordable housing market and to ensure that the projects run on time.
“This entity – likely modelled after similar bodies oversease like Singapore’s Housing Development Board – should consists of relevant federal government ministries and agencies, state governments as well as the property and financial industry players.
“The objectives, among others, are to better coordinate public and private sector affordable housing programmes and projects to avoid over-building, and to better match supply and demand via improved information and database on eligibility, products, pricings, locations, and financing,” it added.
Aside from the disparity between supply and demand, Maybank IB Research also pointed out that location remains an issue for affordable housing.
“The new authority could play a role in addressing this particular issue such as coordinate the process of identifying and designating federal and state government lands – especially in urban and startegic areas, and including undeveloped/unutilised Malay reserve lands and wakaf lands – for the purpose of land banking for affordable housing; incentivising government-linked property companies and private developers to carve out some of their land banks for affordable urban housing within a certain price range such as not more than RM400,000,” the research team suggested.
It noted that there are already ‘one off’ deals for PR1MA to build affordable housing on lands belonging to government-linked agencies and companies such as Royal Malaysian Customs Department (in Penang), and TNB (in Selangor).
On the developers’ side, although developers continue to lobby the government to ease some of its policies as well as extend the step-up end-financing scheme, analysts believe that the government would likely retain some of these policies such as retaining the real property gains tax (RPGT).
The research arm of AmInvestment Bank Bhd (AmInvestment) explained, “ We believe the government is likely to retain the existing RPGT at 30, 20 and 15 per cent for properties sold with the third, fourth and fifth anniversary of the purchase. This is to curb speculative activities in the property market.
“We expect a focus on the commercial viability of affordable homes with targeted measures and waiv
most of these PRIMA and PPA1M are not purchased by those eligble buyers but by those syndicates who manage to get hold the units via bribery. I know of many who can easily buy properties worth millions, bought few units of PRIMA and PPA1M properties. When asked how they get it, they just mentioned back door 'connection' and 'networking'.
No lah... Adcool, few year ago i also received the letter fr gov and ask me to get the affordable home at jln kulai -mersing bcos of the location not convenient for me i didn't to buy it. Maybe just few 'internal' ppl make it bad. But why the corruption everywhere? Gov lack of integrity !
No worries! Calvin and Sarah will hold the fort. We dun let the big bad wolf come in de. When it's time to buy, I will give buy call. For now, u all run to safety first.
mancingbursa, such cute girl sarahdeaton mana boleh short of boy friend ? from the photo she's wearing tight skirt, long hair, long legs. manyiak cantik woo... the stall next to her must be selling nangka madu. i think she's also as sweet as madu. ♡♡♡
Majority of the volumes of purchase were around 0.09 - 0.1 for the OR. Subscription at 0.79. Plus the OR cost, that would be 0.88 - 0.89. For them to make profit, have to sell above 0.905. In my opinion, the base would be around 0.9 for short term unless there are positive news after budget 2018.
The sarahdeaton used MACD indicator fully outdated ! Do u know all indicator are lagging behind the price action. U still need alot of training in stock market.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AdCool
3,861 posts
Posted by AdCool > 2017-10-20 17:34 | Report Abuse
BM MOU and EDL disposal. nothing else could boost the price.