Done all my purchases, JKG now overtake TekSeng as my largest holding. When the media starts to paint a pretty picture, low interest good for properties la, land bank revaluation la, again the old story of our property prices vs other asean region bla bla bla, then I do my selling lol
So what? Nothing has changed. Still no dividend? Thought VT is a miser but looks like Robert Tan is worse? Keeps all the profit for kaki lang & nothing for minority? CEO salary already RM1.3m, debt is not well covered by operating cash flow with net liabilities of more than RM151 million. Insiders already controls 75% & shareholders spread only 25%. Just remain in jail & beware of the Shark's squeeze until high & dry!
Hoho seems Jkgland and IJM land being joint developers previously ...
Centra Residenc @ Nasa City details, service residence for sale ...
Centra Residences @ Nasa City is a Freehold service residence, located in Johor Bahru, Johor. ...
Completion Year： 2017
A development strategically located in Johor Bahru surrounded by areas full of amentities - Nasa City is your ideal address to be called home. A joint development by two reputable property developers - IJM Land Berhad and JKG Land (JB) Sdn Bhd, Nasa City comprises residential and commercial development, coming up on 294 acres of freehold land at one of Johor Bahru most vibrant venue at Desa Palma.
Designed with comfort and tranquility in mind for your family's well-being, Nasa City is the perfect fit for your family. The developement is adjacent to the North-South Highway and 15km away from Johor Bahru City Centre, offering both convenience and serenity to the residents.
In a statement, IJM said through the first RM242.4 million contract from JKG Central Park Sdn Bhd, a wholly-owned subsidiary of JKG Land Bhd, IJM Construction will be responsible for the construction of two tower blocks of service apartments.
JKG Land is in turn is full-owned by IJM.
The project involves the construction of a 57-storey service apartment with 467 units and a 59-storey service apartment with 489 units, associated recreational facilities such as retail space, carpark podiums and a basement carpark.
The service apartments make up Phase 2 of JKG Land's flagship The ERA @ Duta North mixed development project located in Segambut here.
Construction commenced this month and is scheduled for completion within 38 months in December 2024.
Towards the end of the quarter under review, the Group launched the new Taman Puteri Phase 4 project in Padang Serai, Kedah which carries a Gross Development Value of RM26.7 million comprising of 78 units single storey semi-detached houses and 3 units one and a half storey detached houses. The sales response has been encouraging. In addition, the handing over of vacant possession for Phase 1 comprising Block A and Block B of The Era, Kuala Lumpur is targeted by the end of FY 2022. The Board is cautious about the current market sentiment and will continue to adopt a pragmatic approach towards new launches of properties and implement measures to improve the financial performance for the remaining period of FY 2022.
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....