BBCC which sits on 19.4 acres of land will have a total gross build-up area of 6.7 million square feet with a GDV of RM8.7 billion. The masterplan comprises a Retail mall, an Entertainment Hub, 5 blocks of serviced apartments, a 4-star hotel, 2 blocks of Strata offices and an 80 storey 3-in-1 signature tower housing corporate offices, a 5-star hotel and luxury residences. Phase One, scheduled to be completed by December 2020 will consist of the Retail mall, the Entertainment Hub, the 4-star hotel, one Strata Office and 2 blocks of serviced apartments. These components account 50% of the total built up area of BBCC. Since its official launch in December 2016, BBCC has enjoyed positive market response for the Serviced Apartments comprising 393 units and the Strata Office comprising 341 units. More launches have been planned for the second half of this year.
ks55 BBCC and London developments are time bombs. When they explode, Ecoworld will burst into pieces. How come nobody tell you that? Suppression of information to lure newbies into this trap?
If Ecoworld is good, do you think LKS want to depress its share price by buying at 45 sen from his son? He can buy at 99 sen, yet need not go for MO. Just think about why 45 sen, not 99 sen. Anyone wish to give logical explanation? 31/10/2019 10:35 AM
Gtrade aiyo, i check ECOWORLD annual report, property land under the company all are bought at 4-5m per acres. How the developer can make money? Who negotiate to buy at 4-5m? The land owner must be very very happy and thamk ecoworld for paying so high price. But ecoworld not a single sen pay dividend to shareholders 31/10/2019 11:07 PM
Gtrade i check ECOWORLD Annual Report for 2015. The similar land was valued at lower cost, about 30% lower. To be fair Ecoworld did not buy land at sky high price. Just that the compony revalue their land at sky high price, so NTA looks nice at 1.50. If there were to follow other property company land value, NTA should be about 70sen 01/11/2019 11:33 AM
joke of Ecoworld.. joke of annual report which land 4-5m per acres? which yea?Eco Durian Dusun? or Eco Muskang King? kikiki
seconr joke
ks55 One acre 4 million. Work out to be 88 ringgit psf. Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf If conversion ratio 0.5, cost of land is 176 ringgit psf. That is before capitalise on interest charges, infra cost.
If I can find some company with land cost 5 ringgit psf, why should I go for Ecoworld with land cost 146 ringgit psf? Selling a 2k land itself can make rm 340k, so need not bother to make from construction itself. Cost of construction with quality finishes is about 250 ringgit psf. With build-up area 2000 sf, cost is only 500k. Selling and marketing at 5%, other incidences at 10%. If I can sell at 1 million, I still make 350k per unit.
Can Ecoworld sell at 1 million, and still make profit? By the time it break even, I already pocketed 350k profit.
So, Ecoworld is definitely not worth 65 sen. 45 sen is fair value. 20 sen is very bargain.
Up to you to calculate what is the best entry price. Not a bad idea to take Q from the price paid by LKS, i.e. 45 sen................ 31/10/2019 4:43 PM
我本来以为你是大仙,还是大湿 但是看了你这么没有脑的分析,4m per acre的言论,推翻了你所说的话,真的太好笑了你们两个 在这里拍这么多傻子戏 谢谢你 的call buy,gkent一个星期了 还是一样,果然是大湿
1. Father buy from son at 45 sen, need not pay for more than actual intrinsic value.
2. Mountain size debt killing all.
3. Property under Eco Brand not selling for it has priced out of market range (overprice lah)
4. Land cost extremely high. Landbank acquired at prevailing price prior to property slow down.
5. Cost for unsold units keep on adding, interest expenses, depreciation, maintenance cost for landed/ strata condo.
6. Very soon fire sale to clear stock. 5% discount, 10% discount, 15% discount, 20% discount, 25% discount, 30% discount, and finally at 45% discount fire sales.
7. Ecoworld International is another sick child. Medical fees will be unbearable.
8. Many other very well managed property counters with strong cash flow, low land cost, strong brand, trustworthy directors, good dividend pay out, low PE, low P/B. All are having much better prospect than Ecoworld. Why go for lemon when you can find orange for the same price?
One acre 4 million. Work out to be 88 ringgit psf. Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf If conversion ratio 0.5, cost of land is 176 ringgit psf. That is before capitalise on interest charges, infra cost.
If I can find some company with land cost 5 ringgit psf, why should I go for Ecoworld with land cost 146 ringgit psf? Selling a 2k land itself can make rm 340k, so need not bother to make from construction itself. Cost of construction with quality finishes is about 250 ringgit psf. With build-up area 2000 sf, cost is only 500k. Selling and marketing at 5%, other incidences at 10%. If I can sell at 1 million, I still make 350k per unit.
Can Ecoworld sell at 1 million, and still make profit? By the time it break even, I already pocketed 350k profit.
So, Ecoworld is definitely not worth 65 sen. 45 sen is fair value. 20 sen is very good bargain.
Up to you to calculate what is the best entry price. Not a bad idea to take Q from the price paid by LKS, i.e. 45 sen................
ks55 别死鸡撑饭盖 一个没有逻辑思维的人,说的话都是废话 还要装大师 没把事情搞清楚就放大,没有思考能力,分辨事情真假, 一直吹 4m per acre (false and joke) what keep give your No-Brainer TP to others?
Gtrade aiyo, i check ECOWORLD annual report, property land under the company all are bought at 4-5m per acres. How the developer can make money? Who negotiate to buy at 4-5m? The land owner must be very very happy and thamk ecoworld for paying so high price. But ecoworld not a single sen pay dividend to shareholders 31/10/2019 11:07 PM
Gtrade i check ECOWORLD Annual Report for 2015. The similar land was valued at lower cost, about 30% lower. To be fair Ecoworld did not buy land at sky high price. Just that the compony revalue their land at sky high price, so NTA looks nice at 1.50. If there were to follow other property company land value, NTA should be about 70sen 01/11/2019 11:33 AM
ks55 One acre 4 million. Work out to be 88 ringgit psf. Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf If conversion ratio 0.5, cost of land is 176 ringgit psf. That is before capitalise on interest charges, infra cost.
Eco Sanctuary land price: RM 35 psf Eco Majestic land price: RM 15 psf Eco Grandeur land price: RM 12.37 psf Eco Horizon land price: RM 52.17 psf
vs
4m one acre
still wan act like a sifu... calculation is wrong... don ask why 45 again..because stupid will never understand others continue ur 4m psf and tp 0.45 gkent buycall
let me conclude,ks55 is a joker...kikiki
Gtrade aiyo, i check ECOWORLD annual report, property land under the company all are bought at 4-5m per acres. How the developer can make money? Who negotiate to buy at 4-5m? The land owner must be very very happy and thamk ecoworld for paying so high price. But ecoworld not a single sen pay dividend to shareholders 31/10/2019 11:07 PM
Gtrade i check ECOWORLD Annual Report for 2015. The similar land was valued at lower cost, about 30% lower. To be fair Ecoworld did not buy land at sky high price. Just that the compony revalue their land at sky high price, so NTA looks nice at 1.50. If there were to follow other property company land value, NTA should be about 70sen 01/11/2019 11:33 AM
ks55 One acre 4 million. Work out to be 88 ringgit psf. Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf If conversion ratio 0.5, cost of land is 176 ringgit psf. That is before capitalise on interest charges, infra cost. 09/11/2019 10:11 AM
ks55 One acre 4 million. Work out to be 88 ringgit psf. Say conversion ratio 0.6, meaning that cost of land itself is 146 ringgit psf If conversion ratio 0.5, cost of land is 176 ringgit psf. That is before capitalise on interest charges, infra cost.
If I can find some company with land cost 5 ringgit psf, why should I go for Ecoworld with land cost 146 ringgit psf? Selling a 2k land itself can make rm 340k, so need not bother to make from construction itself. Cost of construction with quality finishes is about 250 ringgit psf. With build-up area 2000 sf, cost is only 500k. Selling and marketing at 5%, other incidences at 10%. If I can sell at 1 million, I still make 350k per unit.
Can Ecoworld sell at 1 million, and still make profit? By the time it break even, I already pocketed 350k profit.
So, Ecoworld is definitely not worth 65 sen. 45 sen is fair value. 20 sen is very good bargain.
Up to you to calculate what is the best entry price. Not a bad idea to take Q from the price paid by LKS, i.e. 45 sen................ 09/11/2019 10:06 AM
look at your previous comment can show you are just a joker,talk without facts... I will not defend Ecoworld If I dont have facts/result on hand...but that is really obvious...you are just a Funny guy... 有时我很欣你这些脸皮厚的人,明明知道自己说错了,还要装 谢谢你好像笑话一样逗我笑,让我有个快乐周末
Blog: Govt proposes panel to monitor cost components of houses
Oct 11, 2018 10:34 PM | Report Abuse
Can someone enlighten us how does a housing developer determine selling price of : 1. Condo 2. Terrace house 3. Low cost flat/ PR1MA
I am no expert in housing, but try to figure out composition of each component:
1. Terrace house (for every 100k) 1.1 Cost of house sold (60k) 1.2 Contribution to School reserve, Field and playgroud, Police Station, Bomba, Road reserve etc (6k) -- Assuming conversion rate 65% 1.3 Contribution to Bumi Quota with 7% discount, Low cost housing and PR1MA (6k) 1.4 Road, drainage, street light and other infra (3k) 1.5 Sales and marketing (3k)
Gross Profit is 100k - 60k -6k -6k -3k -3k = 22k So, if you sell a million dollar house, gross profit is 220k (mostly contributed by profit from land cost).
Of course, you will have to give more discount under present weak market sentiment. Some developers give up to 15% or more (Understood MK Land gives up to 20% discount). Then you will just have 7% gross profit. What about interest expenses during construction period? What about interest expenses after houses already completed but not yet sold? What about HQ expenses?
Surely looking at the numbers, most developers will be losing money, unless the land cost is low.
How to make sure houses selling cheap, and developers still make decent profit? Only way is to removed items stated in para 1.3, that will save up to 6%.
For Condo and high-rise apartment, land cost component normally take up around 15%. Only problem is the developers tend to overpay for the land. So they will have to build 30 or 40 storey high-rise. That will take them 4 years to build before they can deliver VP to buyers. In between, if sales not good, they will receive less progress payment, and paying 4 years bank interest is enough to kill fly-by-night developers like Jaks Resources. Many such developers will prefer to abandon the project like Plaza Rakyat, for they could not afford to pay LAD.
As how to reduce selling price for the high-rise, better leave it to the authority to work it out. If the authority concerned is so dumb, learn the trick from S'pore HDB......
Ecoworld land cost is extremely high. Find out yourself how much they pay for BBCC land. Find out how much they pay for any other land for township developments. Then compare with land cost held by peers in the neighbourhood. You will find out Ecoworld will not be in same starting point but already a handicap to others.
look at Ecoworld past project, they hand over their units on time. Recently, Eco Ardence AERES just vp within their estimate period Eco Grandeur as well...
ecoworld home buyers buy ecoworld home because they never reduce their house price *you can check at lowyat forum they increased their house price to cover their interest loss.. I only see Ecoworld is a good company and smart to ptotect their profit, minimize their loss with Help2own and rent to own ,without selling house will high rebate..
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....
yeochingu
1,907 posts
Posted by yeochingu > 2019-11-08 18:58 | Report Abuse
至于其他的家,是给本地人买来自住的,
相信HOC free MOT 加上help2own,很多人会争取这个机会去买入他们的理想家园
事实胜于雄辩
不然别乱吠