jn88. property is not a handphone. or a vege. to buy a propery, you are committing your whole life, paying monthly mortgages and other expenses, whether you have the money or not, whether your job still there or not.
from a developer point of views, where is the customers if they cannot secure a loan?
to a flipper in property. who would be their buyer?
ans. the market dissappear. while the developer still in abundance. they will ended up selling cheap or even at cost. a relative of mine bought a penthouse in 2008 from developer own simpan unit. at cost. while the mkt price was almost double.
Tengku: fully agreed. As said, cooling measures, bank loan controlled tight, your property will have the market price but no buyer. If developer positioned the housing as premium, top class, elegant units. Price will not cheap. Easily over a million dollar. Unless I prepared for own stay, else buy for investment need to think twice. I'm sure investor need to think how easy/difficult is to let go such over million dollar home compete with other potential seller in same area.
As for Malaysia market of today, more people is targeting low medium affordable housing. That has to do with today income level and the society burden we facing. If we are in high income nation like Singapore, that is different story.
So the market segment for medium high end housing is getting smaller, naturally. There is still demand, no doubt, but mostly only premium house in good location able to command a better price, as price sensitivity is much lower for those high net worth individual.
I am talking about those $5mil and above house...for those housing in between 1mil to 3,4 mil, they could stuck in between...my opinion
EMPLOYEES PROVIDENT FUND BOARD : Ann. Date : 12 Aug 2015 / Date : 07 Aug 2015 Acquired 157,700 No.of Shares Ann. Date : 13 Aug 2015 / Date : 10 Aug 2015 Acquired 1,000,000 No.of Shares Total Direct 196,476,400 units, 8.31%
Yeap, winwinyarahi..EPF continue on buying Ecoworld shares. But the prices seem can't sustain at this market condition..need to hold for a much more longer period of time. I am waiting to average down some.
EMPLOYEES PROVIDENT FUND BOARD : Ann. Date : 17 Aug 2015 / Date : 12 Aug 2015 Acquired 1,000,000 No.of Shares Ann. Date : 18 Aug 2015 / Date : 13 Aug 2015 Acquired 246,700 No.of Shares Total Direct 198,723,100 units, 8.405%
KUALA LUMPUR: Eco World Development Group Bhd is expected to start construction of the RM8.7bil Bukit Bintang City Centre (BBCC) project by the first quarter of 2016, once it has obtained the development approval from the Kuala Lumpur City Hall.
Its CEO Datuk Chang Khim Wah said on Wednesday the company would prepare the pre-marketing for the launch of the project by year-end.
"We remain confident of achieving our RM3bil sales target this year, due to the number of projects that we are doing in the township currently. We have the flexibility to have a broader marketing spectrum of products.
"Whatever challenges thrown at us this year or next year, we are quite confident that the sales target would be met," he said the EGM.
The former Pudu jail site has been approved for a mixed residential and commercial development comprising a retail mall, an entertainment block, strata offices, office tower, two hotels, and serviced residences and aparments.
The development period is expected to be about eight to 10 years.
During the EGM, shareholders had approved the company's proposal to subscribe for two million new ordinary shares of RM1 each in BBCC Development Sdn Bhd, representing a 40 per cent stake in the enlarged issued and paid-up share capital of BBCC.
BBCC is a special purpose vehicle, jointly set up by Eco World, Uda Holdings Bhd and the Employees Provident Fund (EPF) for the purpose of developing the BBCC project.
Eco World had on Feb 4, 2015, entered into shareholders' agreement with UDA Holdings and the EPF to jointly invest and fund BBCC as the vehicle to undertake the development of the project. - Bernama
Extraordinary General Meeting : The Board of Directors of Eco World Development Group Berhad ("EW Berhad") is pleased to announce that the shareholders of EW Berhad have at the Extraordinary General Meeting 2 ("EGM 2") held, 19 August 2015, approved and passed all resolutions set out in the Notice of the EGM 2 dated 24 July 2015.
winwinyarahi, two reason EPF keep on buying Ecoworld shares. 1st, Potential future growing of Ecoworld. 2nd, Joint venture {BBCC is a special purpose vehicle, jointly set up by Eco World, Uda Holdings Bhd and the Employees Provident Fund (EPF) for the purpose of developing the BBCC project.}
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....
JN88
11,670 posts
Posted by JN88 > 2015-08-12 21:31 | Report Abuse
TengKu: Property drop sapu property..wakakaka...good bor?