TalamT is also targeting such concept based on its website.
Cover Story: Providing a sanctuary for the aged E Jacqui Chan The Edge Malaysia
May 27, 2019 16:00 pm +08 This article first appeared in City & Country, The Edge Malaysia Weekly, on May 20, 2019 - May 26, 2019.
Aurel Sanctuary is located 1,500 sq ft above sea level in Bukit Tinggi, Pahang. Pictures courtesy of Aurelian Land Sdn Bhd
From left: Gerard, Wong, Rosie, Lai and Chong The suites will be fully equipped and age-friendly
It is a lifestyle resort for the golden years,” says Aurelian Land Sdn Bhd CEO Joseph Chong as he takes us on a tour of Aurel Sanctuary’s sales gallery in Bukit Tinggi, Pahang.
With the nearby mountain range, lush greenery and absence of traffic noise, it is easy to see why Aurel Sanctuary would appeal to retirees. But make no mistake, this is not an old folks home or a nursing home. In fact, says Chong, it is the first of its kind in Malaysia.
“Aurel Sanctuary is an innovative pioneer development that aims to fulfil the needs of Malaysia’s silver generation by providing a holistic approach to growing old. It is open to those aged 50 and above for long-term stay.
“The development boasts the symbol AU, which represents gold on the periodic table of the elements. It is translated from the Latin word ‘aureus’, which means gilded and golden, a precious treasure,” he explains.
When Chong and his team started working on the project in 2013, the first thing they did was to look at the challenges faced by seniors citizens — accessibility, mobility and finding meaningful things to do, among others.
“What do seniors want? Age-friendly designs, products and services. A tight-knit social circle with people who can accept them. They want convenience and safety. They want high-quality daily living. And that is what Aurel Sanctuary will offer them,” says Chong.
At a 45-minute drive from Kuala Lumpur, Aurel Sanctuary is located 1,500ft above sea level. It comprises two 23-storey towers called Amity and Bliss, which will have a built-up of either 1,006 sq ft or 1,175 sq ft.
Aurel Sanctuary is the brainchild of Chong, who is the former managing director of Malton Bhd. Sitting on the board are chairman Datuk Rosie Tan, chief operating officer Gerard Tan, chief technical officer Wong Chee Weng, executive director Sunny Lai and Chong.
Rosie is the group CEO of Tan Chong Motor Holdings Bhd while Gerard was formerly with OSK Property Holdings Bhd and Glomac Bhd. Lai was the valuation director of Jones Lang Wootton and Wong has over 31 years of construction experience.
“Our team is well versed in property development. In the beginning, we needed financiers, so we talked to a number of developers. Many of them just wanted to know the bottom line and how long it would take them to get a return on their investment because they have the mindset of a developer.
“Then we presented our ideas to Rosie and she told me, ‘I like your passion and this is something we need to do for Malaysians.’ She has been on board with us since and is very passionate about the project,” says Chong.
On the advisory board are Cardiac Vascular Sentral Kuala Lumpur consultant cardiothoracic surgeon Tan Sri Dr Yahya Awang; TVM Capital Healthcare Partners senior adviser, Singhealth and Singapore General Hospital ex-deputy CEO, Karen Tay; Melbourne-based Independent Management Group (IMG) former managing director and founder Susan Malone; and ZICO Law Network — a network of independent law firms in the Asean region in association with ZICO Group — chairman Chew Seng Kok.
High-quality living
Chong says that by 2030, Malaysia will become an ageing nation. While other countries have begun preparations for their ageing population, Malaysia has not, he adds.
“We Asians work very hard and are thrifty but we can’t find high-quality living. It’s not about having the best car or the most luxurious dwellings. A condo may be luxurious and well located but that doesn’t mean it is age-friendly. High-quality living also means having activities that will continue to stimulate your mind, a place where you can enjoy the environment,” Chong points out.
Aurel Sanctuary’s mission is to be a lifestyle resort for seniors with sustainable and purpose-built facilities for ageing in place and continuum of care. Its target market comprises high-net-worth people who want the finer things in life.
There are three components to Aurel Sanctuary — manifest happiness, conserve health and build a legacy.
“These days, if a person is disciplined and health-conscious, he or she can live up to 80 or 90 years old. If you retire at 60, what are you going to do from then? At the peak age of between 60 and 80 years, it is important to stay active.
FUTURE PROJECT Shah Alam 2 (Berjuntai Bistari Land)
The proposed Shah Alam 2 originally involved 3,000 acres of land but will be left with a balance of 598.47 acres when the Selangor state settlement exercise is completed. The land is located adjacent to the Universiti Industri Selangor (“UNISEL”) campus about 44 km from the towns of Batang Kali and Kuala Selangor, 30 km from Rawang and 20 km from Bukit Beruntung. While the current access to the site is by the coastal road passing by Kuala Selangor or the trunk road from Rawang.
Berjuntai Bistari is to be developed over 10 years commencing 2016 and will comprise approximately 1,260 units of water front villas and apartments properties with an estimated Gross Development Value of RM985.00 million.
JOINT-VENTURE PROJECTS 252 Units 2½ Storey Terrace House at Ukay Perdana This development is a venture undertaken by 50%-owned Good Debut Sdn Bhd. The development is part of Ukay Perdana project and is located at 7th mile off Jalan Ulu Klang in the vicinity of Bukit Antarabangsa. The Gross Sales Value is estimated to be RM 96.55 million. As at 31 January 2011, a total of 141 units of sales value of RM 57.40 million were achieved.
Serenia Garden Serenia Garden is a residential development project undertaken by 50%-owned Sierra Ukay Sdn Bhd. The project measures 90 acres and is located in Mukim Ulu Kelang adjacent to the existing Ukay Perdana. The Gross Development Value of Serenia Garden is estimated to be RM615 million and is expected to be implemented over a period of seven (7) years. Launched in October 2007, the project has achieved sales of 305 units valued at RM 110.51 million as at 31 January 2011.
157 Units Of 2 to 2½ Storey Shop At Taman Puncak Jalil This development is a joint-venture project undertaken by 50%-owned Crest Envy Sdn Bhd. The development is part of Taman Punck Jalil project and is located next to Technology Park along Jalan Sungai Besi, Puchong road. The Gross Sales Value is estimated to be RM 107.36 million. The project has achieved sales of RM 104.63 mil as at 31st January 2012.
117 Units Of 2 to 4 Storey Shopoffice At Taman Saujana Putra This development is a joint-venture project undertaken by Temasya Mayang Sdn Bhd. The development is part of Taman Saujana Putra and is located opposite Putra Heights in Mukim Tanjung Duabelas, Kuala Langat District. The joint-venture entitlement to the Group for this project is RM 52.12 mil.
Sierra Selayang Sierra Selayang is a residential development project undertaken by 50%-owned Cekap Tropikal Sdn Bhd. The project measures 204 acres and is located at Ulu Gombak Forest Reserve, Mukim of Batu, District of Gombak, State of Selangor. The Gross Development Value of Sierra Selayang is estimated to be RM963.9 million and is expected to implement over a period of eight (8) years.
160 Units Double Storey Semi-Detached House and 178 Units High Cost Apartment at Taman Puncak Jalil This development is a joint-venture project undertaken by 40%-owned Trident Treasure Sdn Bhd. The development is part of Taman Punck Jalil project and is located next to Technology Park along Jalan Sungai Besi, Puchong road. The Gross Sales Value is estimated to be RM 292.33 million. The project is still in preliminary design stage.
INVESTMENT PROPERTIES PANDAN KAPITAL SHOPPING COMPLEX Pandan Kapital is a 2 Storey Shopping Complex with basement car park, which fronts onto Jalan Pandan Utama is strategically located within the commercial centre of Pandan Indah.
Pandan Kapital is one of the prominent landmarks located at prime area of Pandan Indah which also known as Pandan Triangle, the largest township nearest to the Golden Triangle of Kuala Lumpur
MENARA MAXISEGAR Menara Maxisegar is a 24 Storey Commercial Complex comprising an 18 storey Office Tower, a 3 Storey Retail Space and 3 Levels of Car Parking Bays which fronts onto Jalan Pandan Indah 4/2 is strategically located within the commercial centre of Pandan indah.
Menara Maxisegar is one of the prominent landmarks located at prime area of Pandan Indah which also known as Pandan Triangle, the largest township nearest to the Golden Triangle of Kuala Lumpur
MAXCOURT HOTEL – CHANGCHUN Maxcourt Hotel is 85% owned by Trinity Group of Companies.
Maxcourt Hotel is located on Xi’an Road, one of Changchun’s busiest Streets, just off Renmin Road. The Commerial Center and Shopping Area around the People’s Square are both close at hand, while the railway station and airport are 2km and 15km away respectively.
Maxcourt Hotel is rated as a 4-star Hotel with a total of 228 rooms of various room categories.
The Group’s joint venture projects are on-going. In addition, the Group had submitted its new development plans on various parcels of land, some of which had already been approved by the relevant authorities. The Group has started its “Build then Sell” projects which are being funded by cash flows from asset sales that were already locked in. :)
no wonder its private placement was grabbed like hot cake :)
LOOKING FORWARD In the midst of uncertainties, going forward, the property market will remain soft amidst tight lending conditions as consumer and business sentiments remains sluggish amidst the uncertain global trade war that may affect our local economy. The Group is emerging from its financial difficulties and is poised to chart new growth in property development to build a sustainable long term business on the strength of its expertise and experience in the affordable homes niche. The strategic thrust of the Group is to leverage on our existing 782 acres of development lands in Selangor by collaborating with established companies with financial strength and capability to launch new development projects and offering innovative quality housing products and embracing new innovative product offerings in industrial warehousing and retirement homes. The Group has also earmarked a few smaller scale land banks to develop on “build and then sell” concept and has implemented the first project in Putra Perdana, Sepang. While the Group’s joint venture projects are on-going, the Group has submitted its new development plans on various parcels of land, some of which have already been approved by the relevant authorities. The Group remains committed and focus in creating value for our shareholders and will continue with its business rationalisation and operational management focus to improve its financial performance.
1. Cash raised from recent private placement is now employed for completion of Seroja Apts in Dengkil (already more than 70% completed)
2. These apts will be 100% ready by October 2019 for outright sale and on the spot delivery...no need 2 years waiting period as it will be built to completion then sell
3. Recent diversion of Ecrl to Negeri Sembilan is a blessing in disguise as The Seroja Apts will now sell even faster by virtue of Putrajaya turning into a Transport Hub junction with the convergence of 3 trains including Ecrl. This is perfect timing for TalamT
4. The fourth good reason is this.
Today I checked with Kow Hock building material supplier in Johor. They said holcim cement price has just been raised from Rm15 to Rm18 per 50 kg bag
This is an increase of 20% after YTL took over Lafarge
Now since Seroja Apt already more than 70% completed it will save cost For all developers that just launched new houses now will incur higher cement costs. So TalamT has saved on cost by building Seroja Apt first then only sell in Oct 2019
I have been observing its transformation especially its financial statements, etc for past few years... its assets can be revalued if wanted.. i think when it starts showing profit, it might revalue its land, etc together with paying dividend... its share price will fly :)
If you believe in talamt and you believe in Calvin tan, then this portfolio of for you. It is an exhaustive list of every buy call that Calvin has recommended in 2019, and all his sell calls and promotion n between on buy or hold or sell. He says his portfolio is making 200%.
I leave it up to you to decide if TALAMT is worth the pain of following for 3-5 years.
calvintaneng.... why talamt cant sustain the price at least 5 cents to show to public that this share be bought... instead of so hard sell here... what are the board directors doing there. sleep and eat public money...
Ikan Bilis berjus otak~ Pls follow instruction from our holland King and buy more and more, the more u buy, the more happy talam is, when talam become strong, they will bring back the glory of M'sia in in ternation level!! Mai mai~ offer offer to ikan bilis only~
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....
Good123
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Posted by Good123 > 2019-05-28 00:22 | Report Abuse
bagus https://youtu.be/tvaJbMPzRZc