Posted by Nallayak > 2013-10-30 16:09 | Report Abuse

all iskandar land prospect gone case with 30% RPGT

Posted by ferdtwh > 2013-10-30 16:52 | Report Abuse

how contradict is this, before budget 2014, government was promoting MM2H to attract foreigner property ownership in Malaysia, now min. price purchase has become 1mil...

Posted by Painter48 > 2013-10-30 19:05 | Report Abuse

Yschin 2.37 2day is ur favourite price.go go go..Happy Halloween. Haha

Posted by Tan Choon Chuan > 2013-10-31 00:16 | Report Abuse

tomorrow will be another round downtrend if epf continue to dispose

Posted by akito > 2013-10-31 00:47 | Report Abuse

the lousy sucking UMNO/BN suggested GST & RPGT had really bring the price down, damn these UMNO idiots.

Posted by Fortunebull > 2013-10-31 02:38 | Report Abuse

Implementation of RPGT is good for genuine house buyers! But its bad for share prices! But its necessary to ensure genuine house buyers will have roof over their heads! Agree with Yschin! We just sideline until good price show up!

Posted by akito > 2013-10-31 08:36 | Report Abuse

you already had been bleeding, now's the time to stop the bleeding.

Posted by koyokui > 2013-10-31 09:29 | Report Abuse

jatuhlahhhhh

Posted by Nallayak > 2013-10-31 14:05 | Report Abuse

genuine house buyers have no money at current pprty prices to able to buy, only the speculators got all the money from price explosion and speculations last few years. With low interest and DIBS the speculators have the holding power to keep prices high. Garmen must give subsidy to first time home buyers to solve the non affordability for first time home buyers as Spore has done. Gst and no labour means construction cost has gone up 20 %, how to sell cheap

Posted by member41 > 2013-10-31 14:05 | Report Abuse

wait for dust settle first from bajet

Posted by KClow > 2013-10-31 14:24 | Report Abuse

prior to 2009/10 no one wanted property.. in 0ct 2013 houses were selling at double some even triple 2009/10 value.. 4 years this kind of upward movement... with the new policies in place i can ASSURE you the property market is GONE for now until new easy policies are in place few years down the road.. property is not about SELLERS only its about BUYERS also...lots of BANK REJECT loans you will hear now onwards... this is a new ball game... property was buy before the budget its a sell now.. simple as that... property markets are the easiest markets to control if the government is willing and this government did just that.. GOOD JOB BUDGET 2014... at least for the genuine home owners... rich individual investors can go to the stock market and at least be kind enough to let the rakyat buy houses to live in..

Posted by KClow > 2013-10-31 14:30 | Report Abuse

what's ironic is the people who want the property prices to go up are the very same people who say the current policies (budget 2014) in place wont work or are not right.. IRONIC..

Posted by KClow > 2013-10-31 14:33 | Report Abuse

just think RM1 million to buy a house.. to invest for two years.. then when i sell it .. how much would i have to pay in taxes and fees and the works...? is it worth the investment...your answer to whats going to happen to the property market is there..so think twice about property flipping and buying property related counters for now..

Posted by KClow > 2013-10-31 14:36 | Report Abuse

i foresee in one month or two.. all banks exposed to the property markets will get downgrades...

desperate sellers will emerge about 3to6months from now...

all the CONTRACTIONARY FISCAL policies are in place..

Posted by Nallayak > 2013-10-31 15:58 | Report Abuse

the incoming FED lady Yellen will have the final say

Posted by pd57 > 2013-10-31 17:03 | Report Abuse

epf selling down most of today

Posted by pd57 > 2013-10-31 17:04 | Report Abuse

tomorrow brace for a steep fall

Posted by AhJee > 2013-10-31 17:18 | Report Abuse

last month state government said no intention to increase properties price to 1M for foreigner , remain 500k for Johor properties
but will replace 10k levy with 4-5% tax on their purchase.
now which is which?

Posted by Fortunebull > 2013-10-31 17:23 | Report Abuse

Ahjee! What are you talking about! 1 mill for singapore very small! Capping speculators very important or else Bolehland join Bananaland(US) very soon! Effect on stock market also over! Once stabilize can buy! Whats the problem!

Posted by Nallayak > 2013-10-31 18:12 | Report Abuse

Looks like Johor Garmen outside Najib inner circle and caught with foot in their mouth

Posted by Nallayak > 2013-10-31 18:14 | Report Abuse

problem is the policy enrich foreigners and locals restricted from selling in international mkt and get top international prices for their land and properties, not fair to local voters

Posted by fairjimmy > 2013-10-31 18:55 | Report Abuse

Iskandar is meant for the rich n famous and singaporeans. Its not meant for the average malaysians affordable housing as most projects are selling at RM 800 - RM 900 psf such as Puteri Harbour Residences by UMLand, Inperial by UEM, Project by Encorp, Meridin by Mahsing apart from 1 WCT earliest project in Medini and 1 or 2 in Danga bay by Trop and some singaporean developer at lower prices around RM 500 psf. When completed most projects will be vacant n untenanted as locals will not be able to afford to rent. Unless there is sudden boom in expatriates from singapore moving over to JB or singaporeans moving over to JB (politically sensitive) if tolls, immigration and time consumed in travelling to n fro are not a problem or inconvenience, there will be excess supply coming onstream with little hope of finding tenants. UEM's landbank are mostly in Iskandar apart from 1 in Bangi for landed and 1 in Cyberjaya for landed. Anything below RM 2 for UEM is worth buying for keeps longer term as UEM will be severly affected by Budget 2014 measures

Posted by pd57 > 2013-11-01 01:25 | Report Abuse

Rm 1.80 - Rm 2.00 likely

Posted by akito > 2013-11-01 02:15 | Report Abuse

Fortunebull Ahjee! What are you talking about! 1 mill for singapore very small! Capping speculators very important or else Bolehland join Bananaland(US) very soon! Effect on stock market also over! Once stabilize can buy! Whats the problem!
31/10/2013 17:23


exactly brother Fortunebull.

Posted by pd57 > 2013-11-01 09:57 | Report Abuse

kindly avoid property counters for the time being

Posted by Nallayak > 2013-11-01 11:01 | Report Abuse

already oversupply soon and construction cost going up and completion delays and paying Liquidated damages to purchasers for late completion, problem galore no DIBS units slow to move etc

Posted by fairjimmy > 2013-11-01 11:14 | Report Abuse

pd57 n nallayak are wise n correct. Puteri Harbor residences completion delayed and will be paying out LAD soon. Pls read "double whammy for buyers" in STAR today. Same will happen in Iskandar. Stay away from property counters for the time being.

Posted by Fortunebull > 2013-11-01 18:33 | Report Abuse

Right time to consider buying UEMS! Oversold! Beside UEMS is not exclusive property counter but also into constructions!

Posted by ktrader > 2013-11-01 19:03 | Report Abuse

Fortuneball, you bought already? Support at 2.32.

Posted by Fortunebull > 2013-11-01 19:22 | Report Abuse

Not yet!

Posted by Nallayak > 2013-11-01 20:17 | Report Abuse

UEMS surely no longer into construction anymore

Posted by yschin > 2013-11-02 02:43 | Report Abuse

Thinking to jump in on this coming Monday..any advise ...fortunebull ...akito..pls guide.. Thanks.

Posted by akito > 2013-11-02 02:57 | Report Abuse

I feel traders are still worried of the property sector as the buying of houses may slow down dues to the Property Gain Tax as less people want to buy house for speculation. But then on the other side of the coin, people may want to buy now as it's cheaper compare to the price that will increase due to the GST.

Yes, we do see some buying support yesterday and support is at $2.37 and yesterday being a Friday, we still see some upwards movement. This counter had been down alot since the announcement of the stupid UMNO-BN sponsored GST, damn. Perhaps you can start collecting in smaller lots now [ in case you miss the boat & the losses won't be too great if there's further slide] & built it up if it moves higher but do take a cautions stand will you. Cheers & all the best to you.

Posted by fairjimmy > 2013-11-02 10:07 | Report Abuse

UEMS are not good builders or contractors bcos they dont have the expertise. They were the developer (50% UEMS 50% UMLand) cum project manager cum contractor for Puteri Harbour Residences and yet completion of this project has been delayed by some 12 months and quality is really bad. Pls check for yourself

Posted by pd57 > 2013-11-02 13:14 | Report Abuse

uems saw some support on Friday, but I see it tracing this comin week to around 2.25

Posted by pd57 > 2013-11-02 13:17 | Report Abuse

this stock was as high as Rm 3.60 at one time this yr, and it has since fallen by more than a Rm 1.00. Look for some better stocks with good potential and leave the property sector for at least 6 months to stabilize

Posted by fairjimmy > 2013-11-02 13:32 | Report Abuse

Agreed. Just wait for it to come down below RM2

Posted by Nallayak > 2013-11-02 16:09 | Report Abuse

Iskandar is a clear negative for now with High RPGT, uncertainty of Johor Garmen policies, nothing from merger with Sunrise let the price slide first till base

Posted by chargeman > 2013-11-04 12:59 | Report Abuse

Buy n keep.just share...bangi 2 willl be launch. ..d
ont worry ...rpgt effect for broker n unreal buyer's only...

Posted by johnny cash > 2013-11-04 13:09 | Report Abuse

when the rpgt sentiment is digested, in 2 or 3 months, market players will come back again.. this is not an eternal probelm.. just cooling off the hot speculative property sector. so just stay cool and wait,,sure the day will come again for property sector

Posted by nasdaqtrader > 2013-11-04 14:02 | Report Abuse

based on 2012 earnings, at $2.40 the p/e is 30 and at $2.00 the p/e is 25....if going forward property sales is not going to be as hot as 2012 for a few years, 2013 and 2014 earnings should be at best slightly less than 2012 earning so buying at less than $2.00 seems reasonable.

Posted by knight1 > 2013-11-04 16:38 | Report Abuse

"The best traders have no ego. You have to swallow your pride and get out of the losses." – Tom Baldwin

Posted by ganasai > 2013-11-04 17:23 | Report Abuse

you will scare with that pe. that pe only suitable when property market is uptrend.

Posted by Nallayak > 2013-11-04 18:29 | Report Abuse

Iskandar Waterfront delayed IPO drags on UEMS

Posted by psd57 > 2013-11-05 09:46 | Report Abuse

The above delay is another damper on Iskandar area properties and for UEM

Posted by ganasai > 2013-11-05 11:04 | Report Abuse

interest only where pe <= 10. In other words, price should less than 1.8 based on current situation. for me, price now still quite high.

Posted by psd57 > 2013-11-05 16:37 | Report Abuse

Correction her nasdaqtrader: based on 2012 earnings, at $2.40 the p/e is 23 and at $2.00 the p/e is 19.3....if going forward property sales is not going to be as hot as 2012 for a few years, 2013 and 2014 earnings should be at best slightly less than 2012 earning so buying at less than $2.00 seems reasonable.

Posted by psd57 > 2013-11-05 16:37 | Report Abuse

I meant correction here and not her

Posted by psd57 > 2013-11-05 16:53 | Report Abuse

I would prefer a reasonable P/E of 18x for this property stock. Based on 2012 FYE EPS of 10.36c, the price should adjust to around 1.86. The years to come does not look bright profitably for this counter in view of he measures taken in Budget 2014, and its sales concentration mostly in the Iskandar region

Posted by rlch > 2013-11-05 17:04 | Report Abuse

Better switch to SP Setia if still want exposure in property sector as SP Setia PE is lower and DY is higher than UEM Sunrise.