HO HUP CONSTRUCTION COMPANY
KLSE (MYR): HOHUP (5169)
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Last Price
0.125
Today's Change
0.00 (0.00%)
Day's Change
0.125 - 0.13
Trading Volume
805,900
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Total assets
238
-1.64%
1000
+11.55%
110
+81.66%
900
-13.16%
600
+235.36%
Total current assets
238
1000
110
900
600
Cash & equivalents
238
1000
110
900
600
Short term investments
238
1000
110
900
600
Total receivables, net
238
1000
110
900
600
Accounts receivable - trade, net
238
1000
110
900
600
Other receivables
238
1000
110
900
600
Total inventory
238
1000
110
900
600
Inventories - work in progress
238
1000
110
900
600
Inventories - progress payments & other
238
1000
110
900
600
Inventories - finished goods
238
1000
110
900
600
Inventories - raw materials
238
1000
110
900
600
Total non-current assets
238
1000
110
900
600
Long term investments
238
1000
110
900
600
Note receivable - long term
238
1000
110
900
600
Investments in unconsolidated subsidiaries
238
1000
110
900
600
Other investments
238
1000
110
900
600
Net property/plant/equipment
238
1000
110
900
600
Gross property/plant/equipment
238
1000
110
900
600
Accumulated depreciation, total
238
1000
110
900
600
Deferred tax assets
238
1000
110
900
600
Net intangible assets
238
1000
110
900
600
Other current assets, total
238
1000
110
900
600
Total liabilities
238
-1.64%
1000
+11.55%
110
+81.66%
900
-13.16%
600
+235.36%
Total current liabilities
-238
-1000
-110
-900
-600
Total non-current liabilities
-238
-1000
-110
-900
-600
Long term debt
238
1000
110
900
600
Long term debt excl. lease liabilities
238
1000
110
900
600
Capital and operating lease obligations
238
1000
110
900
600
Provision for risks & charge
-238
-1000
-110
-900
-600
Deferred tax liabilities
-238
-1000
-110
-900
-600
Other liabilities, total
-238
-1000
-110
-900
-600
Total equity
-238
-1.64%
-1000
+11.55%
-110
+81.66%
-900
-13.16%
-600
+235.36%
Total liabilities & shareholders' equities
238B
1000B
110B
900B
600B
Total debt
238
1000
110
900
600
Book value per share
-238
-1000
-110
-900
-600
Discussions
13 people like this. Showing 50 of 5,655 comments
12 TO 14SEN THIS MORNING, KEJAP DAH BALIK 13SEN KINI HEHE ... TOTAL VALUE TRADED RM400K++ je
1 day ago
The High-Speed Rail (HSR) project (KL-Spore) is considered crucial for boosting the Malaysian economy for several reasons:
Economic Growth: The HSR is expected to contribute significantly to Malaysia’s future economic growth, helping to transform the country into a high-income, developed nation.
Enhanced Connectivity: It will provide efficient movement by rail, which is critical for economic success. The HSR has the potential to bring positive transformation to economies and regional landscapes by saving time and enhancing accessibility to second and third-tier cities.
Market Access: The KL-SG HSR will give Malaysian firms and talents access to a vast and untapped market, including the China-ASEAN Economic Trade Zone, the Eastern Economic Corridor in Thailand, and sub-regional economic zones like the Greater Mekong Sub-region.
Public-Private Partnerships: The project is exploring the public-private partnership route, which could see private funding constituting up to 100% of the project structure. This approach can help alleviate fiscal constraints and encourage private sector involvement in national infrastructure development.
Job Creation: The construction and operation of the HSR are expected to create numerous jobs, both directly and indirectly, contributing to the reduction of unemployment and the development of human capital.
Tourism Boost: By reducing travel time between Kuala Lumpur and Singapore to just 90 minutes, the HSR is likely to increase tourist inflows, benefiting the hospitality and service sectors.
Urban Development: The HSR stations are expected to act as catalysts for future development, potentially leading to new urban centers and economic zones around the stations.
In essence, the HSR is not just a transportation project but a strategic economic initiative that can have a far-reaching impact on Malaysia’s economic landscape. 🚄📈
1 day ago
Avg Vol321.31Value415,595Trans101Buy Rate33%Trend
Prv Close Price0.135T-Price-Open Price0.140High Price0.140Low Price0.120
1 day ago
High-Speed Rail (HSR) project appears to be more likely due to recent developments and positive signals from both Malaysia and Singapore:
Bilateral Discussions: Transport Ministers from both countries have engaged in discussions about the HSR project. Malaysian Transport Minister Anthony Loke emphasized that any revival must be based on a “private sector-led initiative.” Several private companies in Malaysia have expressed interest in carrying out the project, and both sides are open to suggestions and proposals from the private sector.
Singapore’s Readiness: Singapore’s Minister for Transport, S. Iswaran, reiterated their readiness to study any proposal from Malaysia to restart the HSR project. Singapore is willing to work with the Malaysian government to explore new approaches for the project.
1 day ago
Johor Menteri Besar Datuk Onn Hafiz Ghazi, whom during the tabling of the 2024 Johor Budget, had hoped that the HSR and LRT projects would be implemented soon to complete the state's transport ecosystem and help make Johor a major regional investment destination.
Sultan of Johor, Sultan Ibrahim Iskandar, in an interview with Singapore's Straits Times on Sunday, had called for the HSR project to be revived.
He said it can be financed via a private funded initiative, in which the government pays the contractor to manage the project for 30 years under a leasing agreement. This, he said, would enable the contractor to recoup the investment before the government takes back ownership of the HSR.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
1 day ago
oversold based on 2 indicators, likely manipulated, etc haha
RSI(14) Oversold 28.4
Stochastic(14) Oversold 6.7
Average Volume (3M) 1,072,500
Relative Volume 3.0
1 day ago
accumulate, probably forced sale due to margin account/call haha so far~RM500K++ traded in value till now
1 day ago
buying & selling among ikan2 bilis je hehe
total shares issued 518mil shares ++, total shares traded till now 4mil+, less than 1% of total shares issued only hahaha
1 day ago
Bro Lee, accumulate lebih banyak, dll :0
5169 HOHUP HO HUP CONSTRUCTION COMPANY
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
Particulars of Shareholder
Name : LEE FOOK YUEN
NRIC/Passport No./Company No. : -
Nationality/Country of Incorporation : Malaysia
Address:
-
Descriptions (Class and Nominal Value):
Ordinary Shares
Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 22/03/2024
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 19/03/2024 Acquired 1,715,100 -
Circumstances by reason of which change has occurred:
Acquisition of Shares
Nature of Interest:
Direct Interest
Consideration:
No of Shares Held After Changes:
Direct : 26,141,900 shares (5.0440%)
Total : 26,141,900 shares
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:
22/03/2024 07:00 AM
Ref Code: 202403223800158
1 day ago
Loke’s proposed ECRL extension into Thailand has merit
Rosli Khan
-
17 Apr 2024, 07:00 AM
It will attract new investments and encourage export-based industries to be located near rail stations in Kelantan, Terengganu and Pahang.
1 day ago
The Star
https://www.thestar.com.my/news/nation/2023/12/05/...
Pahang makes early request to extend ECRL alignment to other …
WebNation. Tuesday, 05 Dec 2023. 5:36 PM MYT. KUANTAN: The Pahang government has requested that the East Coast Rail Link (ECRL) project that passes through Kuantan, …
Tags:ECRLEast Coast Rail Link
Global web icon
The Star
https://www.thestar.com.my/business/business-news/...
ECRL extension near Thai border mulled | The Star
WebMar 28, 2024 · The ECRL rail project, which will connect Malaysia’s west and east coasts, is expected to be completed by 2027. Its last stop under the current alignment is Kota Baru, …
1 day ago
stay calm and wait for turnaround like gamuda :)
Gamuda (GAM MK/BUY/RM5.16/Target: RM5.88) is set to deliver a record-high
bottom line in FY24, backed by higher earnings from both the construction and
property development divisions. The outlook for the construction division
remains resilient, underpinned by outstanding orderbook of RM24.1b and
promising replenishment prospects. Meanwhile, the property division is
expected to record stronger earnings on lumpy recognition of unbilled sales and
higher new property sales. Maintain BUY. Target price: RM5.88. (Excerpt from
recent UOBKH Research)
1 day ago
Asian stocks made their biggest gains in a month on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.
Oil found support following its sharpest fall in two-and-a-half months on demand worries and the lack, so far, of an obvious Israeli or U.S. response to Iran's weekend attack on Israel.
Analysts do not expect dramatic new sanctions on oil from Iran, which comprises about 3% of global output.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 1% led by a 2% gain in South Korea's Kospi and a 1% rise for Hong Kong's Hang Seng. All of those indexes are down for the week and for the month so far.
1 day ago
4.8mil shares ++ traded... less than 1% of total shares issued... buy-sell among ikan2 bilis only hehe
1 day ago
KUALA LUMPUR (April 18): MIDF Research has maintained a positive outlook on the property sector, as it sees that the landscape for the sector is improving, underpinned by a stable house price index (HPI) outlook, an unchanged overnight policy rate at 3.0%, and a noticeable reduction in residential overhang.
Additionally, the upcoming infrastructure projects, such as the Johor Bahru-Singapore Rapid Transit System (RTS) Link and Penang Light Rail Transit (LRT), will further improve connectivity and support buying sentiments on property in Malaysia, the research firm said.
According to the National Property Information Centre, Malaysia’s HPI has been on an upward trajectory since 2022, following the reopening of the economy.
The HPI has been on a growth trajectory since the fourth quarter of 2021 (4Q2021), experiencing a robust recovery throughout 2022, driven by improvements in the Malaysian property market.
In 3Q2023, the HPI stood at 219.4, marking a notable increase from the 216.8 recorded in 2Q2023, and 218.0 in 3Q2022.
Meanwhile, the research firm opined that the rising construction cost and inflationary pressure may drive property prices marginally higher, as developers pass on higher costs to homebuyers.
At the same time, it noted that loan applications declined on a yearly basis for the first time in eight months, as demand for property took a breather.
According to Bank Negara Malaysia, the total loan applications for the purchase of property declined by 21% month-on-month in February 2024 to RM40.1 billion, due to the short month.
On a yearly basis, loan applications in February 2024 were lower by 19% year-on-year (y-o-y), after a strong growth of 46% y-o-y in January 2024.
“Nevertheless, total loan applications in the first two months of 2024 was higher by 8.0% y-o-y to RM91 billion, which indicates stronger demand for property,” it added.
1 day ago
total value traded RM700K++ je hehe/// bottom fishing hari ni... seronok syiok
VWAP:0.1269Avg Vol/Trans:285.61
1 day ago
banyak harta yg bernilai :)
LIST OF
MATERIAL PROPERTIES
As at 31 December 2022
No. Location/Land details
Age of
Building
Date of
Acquisition Tenure Size Existing Use Description
Net Book
Value
RM’000
1. Geran 79551, Lot 101901
(previously known as
HSD 119868, PT 15291),
Mukim Petaling, Daerah
Kuala Lumpur, Negeri
Wilayah Persekutuan
Kuala Lumpur
(Bandar Bukit Jalil)
– 12/09/1995 Freehold 512,591
square
feet
Property
development
Development
Land
1,229
2. Geran 79552, Lot 101901
(previously known as
H.S.(D) 119869, PT 15292),
Mukim Petaling, Daerah
Kuala Lumpur, Negeri
Wilayah Persekutuan Kuala
Lumpur
(Bandar Bukit Jalil)
– 12/09/1995 Freehold 104,335
square
feet
Property
development
Development
Land
98,542
3. Geran 79553, Lot 101901
(previously known as
HSD 119870, PT 15293),
Mukim Petaling, Daerah
Kuala Lumpur, Negeri
Wilayah Persekutuan
Kuala Lumpur
(Bandar Bukit Jalil)
– 12/09/1995 Freehold 320,621
square
feet
Property
development
Development
Land
769
4. Geran 79554, Lot 101901
(previously known as
HSD 119871, PT 15294
Mukim Petaling, Daerah
Kuala Lumpur, Negeri
Wilayah Persekutuan Kuala
Lumpur
(Bandar Bukit Jalil)
– 12/09/1995 Freehold 109,849
square
feet
Property
development
Development
Land
263
5. Ho Hup Tower
Geran 78076, Lot
no.101462, Mukim Petaling,
Daerah Kuala Lumpur,
Negeri Wilayah Persekutuan
Kuala Lumpur
(Bandar Bukit Jalil)
6.5
years
21/9/2016 Freehold 146,812
square
feet
Office Tower Office Tower 97,962
6. Lot No. B-13-1, B-13-2,
B-13-3, B-13-3A & B-13-5
Pusat Perdagangan Bandar
Bukit Jalil
Persiaran Jalil 1
57000 Kuala Lumpur
4
years
31/12/2017 Freehold 11,246
square
feet
For rental Shop Offce 12,105
7. Laman Iskandaria
Geran 43607 - 43611, Lot
No. PTD 14189 - 14193
Mukim Ulu Sungai Johor,
District Kota Tinggi, Johor
Darul Ta’zim
4
years
02/11/2017 Leasehold 4,303,734
square
feet
Property
development
Development
Land
215,132
9. Carpark B1, B2, B3, LG
and LG1 at Aurora Place,
Persiaran Jalil 1, Bukit Jalil,
Kuala Lumpur
– 31/12/2019 Freehold 2027
bays
Carpark Building 65,800
10. 32 Units of Retail Lots
located at Lower Ground
floor at Aurora Place,
Persiaran Jalil 1,
Kuala Lumpur
– 31/12/2019 Freehold 51,757
square
feet
Retail Lots Building 49,348
11. Exhibition Floor located at
Level 4 at Aurora Place,
Persiaran Jalil 1,
Kuala Lumpur
– 31/12/2019 Freehold 16,685
square
feet
Exhibition
Floor
Building 15,040
1 day ago
DIRECTORS’ SHAREHOLDINGS BASED ON THE REGISTER OF DIRECTORS’ SHAREHOLDINGS
according to the Record of Depositors as at 31 March 2023
Direct Indirect
Name of Directors Shareholdings % Shareholdings %
Tan Sri Datuk Seri (Dr) Mazlan bin Lazim 305,300 0.062 – –
Dato’ Sri Thong Kok Khee – – 72,757,750 (1) 14.703
Datin Chan Bee Leng 47,700 0.010 77,958,722 (2) 15.754
Dato’ Wong Kit-Leong 287,000 0.058 – –
Dato’ Wong Gian Kui – – – –
Low Kheng Lun – – 65,113,032 (3) 13.158
Thevanaigam Rajan Chitty – – – –
Danny Hoe Kam Thong – – – –
Notes
(1) Deemed interest by virtue of his substantial shareholdings in Insas Berhad and his children’s direct shareholdings
in the Company pursuant to Section 8(4) & 59(11)(c) of the Companies Act 2016 (“CA 2016”).
(2) Deemed interest by virtue of her husband, Dato’ Low Tuck Choy’s substantial shareholdings in Low Chee Group
Sdn Bhd (“LCG”), Estate of Low Chee and Concrete Pavers Industries Sdn Bhd ("CPISB") and her husband’s
direct shareholdings in the Company.
(3) Deemed interest by virtue of his substantial shareholdings in LCG.
1 day ago
LIST OF THIRTY LARGEST ORDINARY SHAREHOLDERS
according to the Record of Depositors as at 31 March 2023
No. of
Name Shares Held %
1. AmSec Nominees (Tempatan) Sdn Bhd 56,576,900 11.43
Pledged Securities Account for Ambank (M) Berhad for
Omesti Holdings Berhad (SMART)
2. RHB Nominees (Tempatan) Sdn Bhd 54,079,258 10.93
Pledged Securities Account for Low Chee Group Sdn Bhd
3. Gryphon Asset Management Sdn Bhd 52,645,250 10.64
4. Lee Fook Yuen 21,020,900 4.25
5. Affin Hwang Nominees (Asing) Sdn Bhd 18,744,800 3.79
Pledged Securities Account for Mettiz Capital Limited
6. Cartaban Nominees (Tempatan) Sdn Bhd 17,000,000 3.44
Pledged Securities Account for Kenanga Islamic Absolute Return Fund
7. M&A Nominee (Asing) Sdn Bhd 15,060,000 3.04
Montego Assets Limited
8. Low Chee Group Sdn Bhd 11,033,774 2.23
9. Kenanga Nominees (Tempatan) Sdn Bhd 9,000,000 1.82
Pledged Securities Account for Mary Anne Woon Lai Kheng
10. M&A Nominee (Tempatan) Sdn Bhd 8,850,000 1.79
Pledged Securities Account for Chan Chee Hong (M&A)
11. Low Tuck Choy 6,817,500 1.38
12. RHB Nominees (Tempatan) Sdn Bhd 5,679,000 1.15
Pledged Securities Account for Low Tuck Choy
13. Chan Kong Yew 5,527,000 1.12
14. M & A Nominee (Asing) Sdn Bhd 5,000,000 1.01
For Winfields Development Pte. Ltd.
15. Kwan Siew Deeg 4,642,600 0.94
16. Toh Chai Hoon 4,642,000 0.94
17. Phillip Nominees (Tempatan) Sdn Bhd 4,271,900 0.86
Pledged Securities Account For Tan Siew Booy
18. Hooi Yoke Lin 4,000,000 0.81
19. Inter-Pacific Equity Nominees (Tempatan) Sdn Bhd 3,989,300 0.81
Pledged Securities Account for Kok Tiu Wan
20. Yap Siew Bee 3,800,000 0.77
21. Maybank Nominees (Tempatan) Sdn Bhd 3,525,554 0.71
Maybank Private Wealth Management
for Mohamed Nizam Bin Abdul Razak
22. Maybank Nominees (Tempatan) Sdn Bhd 2,831,500 0.57
Pledged Securities Account for Monteiro Gerard Clair
23. Lim Chau Liang 2,451,700 0.50
24. RHB Capital Nominees (Tempatan) Sdn Bhd 2,411,300 0.49
Pledged Securities Account for Low Choon Chong
25. Young Lee Lee 2,260,000 0.46
26. AmSec Nominees (Tempatan) Sdn Bhd 2,203,000 0.45
Pledged Securities for Yap Siew Bee (MX3809)
27. AmSec Nominees (Tempatan) Sdn Bhd 2,053,000 0.41
Pledged Securities Account for Ahamad Aminnurdin Bin Dinyati
28. Tiong Nam Logistics Holdings Berhad 2,000,000 0.40
29. AmSec Nominees (Tempatan) Sdn Bhd 1,854,600 0.37
Pledged Securities for Mok E. King
30. Lim Lai An 1,650,000 0.33
Total 335,620,836 67.82
1 day ago
The rise in property prices in Bukit Jalil can be attributed to several factors:
- **Strategic Location**: Bukit Jalil is situated approximately 20km south of Kuala Lumpur city centre, making it a desirable location for both residential and commercial purposes¹.
- **Development History**: Originally a rubber plantation estate, the area was developed for the 1998 Commonwealth Games, which included the construction of the National Sports Complex. This initial development laid the groundwork for future growth¹.
- **Accessibility**: The area is well-connected by major highways and public transportation, including four Light Rail Transit (LRT) stations, enhancing its appeal to residents and businesses¹.
- **Amenities**: Bukit Jalil boasts a variety of amenities, including shopping centers like Mid Valley Megamall and sports facilities, which add to the quality of life in the area¹.
- **Commercial Activity**: With developments such as Bukit Jalil City and Pavilion Bukit Jalil, there is an anticipation of a self-sustaining township, which increases commercial activity and, consequently, property demand¹.
- **Tech Hub**: The presence of Technology Park Malaysia and various tech companies in Bukit Jalil attracts professionals and contributes to the demand for housing in the area¹.
- **Freehold Land Status**: Properties in Bukit Jalil often come with freehold land status and a Kuala Lumpur address, which is highly attractive to buyers¹.
These factors combined have led to a heightened competition for land and an increase in property prices in Bukit Jalil. Prospective buyers are willing to pay premium prices for serviced apartments, flats, or condominiums, reflecting the area's growing popularity among residents and businesses.
9 hours ago
Property prices in Malaysia are indeed expected to rise in 2024. Here are some key insights and factors contributing to this trend:
- **Construction Costs**: Increasing construction costs are a significant factor driving up property prices in the first half of 2024³.
- **Economic Growth**: The Malaysian economy is showing signs of improvement, with GDP growth rates forecasted to be between **4% – 5%** this year, as projected by various financial institutions².
- **Market Recovery**: The property market is continuing its recovery from the pandemic, with transaction volumes and values showing stability and growth².
- **Interest Rates**: While the Overnight Policy Rate (OPR) hikes have paused, interest rates remain elevated, which may influence buyer decisions and contribute to higher property prices¹.
- **Buyer Sentiment**: There is cautious optimism among sellers regarding the market’s future trajectory, despite a quarter-on-quarter decline in the Sale Demand Index¹.
- **Rental Market**: Higher asking prices have redirected buyer interest toward the rental market, sustaining robust demand throughout 2023. This trend is expected to persist in the near term¹.
- **Government Support**: The government has promised support for property seekers, which could influence the market positively¹.
These factors suggest that the property market in Malaysia is on an upward trajectory, with prices expected to continue rising throughout the year. Investors and potential buyers should consider these trends and forecasts when making decisions in the property market.
9 hours ago
Mar 15 & 18, 12.5sen & 13.5sen, fly to 15sen on Mar 19. Wait n see whether the same trend yah ;) today
8 hours ago
Good4ho hup too... Hohup juga dapat kontrak ecrl, dll.
KUALA LUMPUR: The Kuala Lumpur-Singapore high-speed rail (KL-SG HSR) project might tally up to about RM70 billion, a notable decrease of around 30 to 35 percent from the previously reported RM110 billion, according to market insiders.
"No definitive cost estimate has ever been provided for the HSR project. The RM70 billion figure is a projection based on factors such as the length and alignment of the railway line, as well as the number of trains and stations required," said an insider.
MyHSR Corporation, the government-owned entity overseeing the HSR's development, received concept proposals from seven local and international consortia by the January 15, 2024, deadline. The RFI was held in order for the Malaysian government to assess the private sector's ability to fully finance the project without state funds or guarantees.
Despite efforts to assess the private sector's capability to finance the project independently, there seem to be three shortlisted consortiums, and they are seeking some form of government financial support.
The three shortlisted consortiums are YTL Construction Sdn Bhd-SIPP Rail Sdn Bhd, Malaysian Resources Corp Bhd-IJM Construction Sdn Bhd-Berjaya Rail Sdn Bhd-Keretapi Tanah Melayu Bhd (MRCB-IJM-BRail-KTMB), and a Chinese consortium led by state-owned China Railway Construction.
The MRCB-IJM-BRail-KTMB consortium has reportedly requested in its proposal that the government compensate it if the number of passengers falls below a minimum number.
The YTL-led group has also requested some form of government financial support in its bid to manage the mounting costs of building the line.
"This contradicts the government's stance that it will not fund the 350-km-long line. Of the shortlisted consortia, only the China Railway-led consortium possesses robust finances to undertake the project via private funding," said the insider.
Dr. Yeah Kim Leng, a Professor of Economics at Sunway University Business School, indicated that the mega rail project has edged closer to fruition with MyHSR shortlisting three consortiums.
However, he cautioned that numerous obstacles must be overcome before the project commences, including clarifying funding sources, assessing the project's feasibility, and determining the extent of government support.
Private financing hinges on commercial viability, particularly concerning financing, given the maturity of high-speed rail technology in China, Japan, and Europe, Yeah said.
Yeah emphasised that if economic viability and financing feasibility challenges are resolved, the mega project could significantly benefit the Malaysian economy by the end of the decade.
Transport Minister Anthony Loke Siew Fook said early this month that the concession method used for private companies to build highways could be emulated for the HSR.
He said the HSR remained an integral project that could be an economic changer for the country.
"I don't see why we must say no, but it should not be a government-led project. Instead, the private sector can contribute capital and carry on the project," he said during the Keluar Sekejap podcast with Khairy Jamaluddin and Shahril Hamdan on April 5.
The 330-350 km-long project, first mooted over 20 years ago by YTL Group, resulted in a legally binding agreement signed in December 2016, with the aim of having the line operational by 2026.
However, it was put on the back burner following several delays at Malaysia's request and the eventual lapsing of an agreement in December 2020.
Malaysia paid more than S$102 million in compensation to Singapore for the project's termination.
Talk of reviving the project intensified following the general elections in 2022 and Prime Minister Datuk Seri Anwar Ibrahim's visit to Singapore early in the new year, where he met with Singaporean leaders.
KGV International Property Consultants executive director Sr. Samuel Tan said that from the surface, it appears that only the Chinese consortium possesses the financial capacity to undertake such a massive project, estimated at RM70 billion or more.
"Whatever the case, this KL-SG HSR project, when operational, will transform the entire transportation landscape in Malaysia. The country will be part of the big jigsaw within the Pan Asian Railway Network, possibly starting from Singapore, Malaysia, to Indo-China, then to China, and finally to Europe.
"With that in place, more investors will be keen to invest here, as travelling by rail is seamless and yet an experience to be enjoyed," he said.
8 hours ago
More middle easterners come to Malaysia for mm2h and buy properties :)
OIL prices jumped $3 a barrel on Friday in reaction to reports that Israeli missiles had struck a site in Iran, sparking concerns that Middle East oil supply could be disrupted.
https://www.klsescreener.com/v2/news/view/1311441
6 hours ago
More Iranian r expected to join mm2h & sapu properties in Malaysia
How many Iranians are in Malaysia?
The current number of Iranians in Malaysia is estimated to be roughly around 200,000, which is the highest in any East Asian country.
https://www.researchgate.net › 3090...
The Iranian diaspora in Malaysia: a socio-economic and political analysis
6 hours ago
More Iranian r expected to join mm2h & sapu properties in Malaysia
How many Iranians are in Malaysia?
The current number of Iranians in Malaysia is estimated to be roughly around 200,000, which is the highest in any East Asian country.
www.researchgate.net › 3090...
The Iranian diaspora in Malaysia: a socio-economic and political analysis
6 hours ago
Boosting property sale of ho hup :)
The Malaysia My Second Home (MM2H) program is a popular choice for many, including Iranians, due to several compelling reasons:
1. **Long-term Residency**: MM2H offers a renewable 10-year visa, providing a stable option for long-term residence¹.
2. **Investment Opportunities**: Participants are allowed to invest in or start a business, subject to domestic regulations².
3. **Quality of Life**: Malaysia is known for its high standard of living, modern infrastructure, and comprehensive services¹³.
4. **Cultural Diversity**: The country's multicultural environment is welcoming to people from various backgrounds¹⁴.
5. **Cost of Living**: Malaysia offers a relatively low cost of living, which is attractive to many expatriates¹².
6. **English Proficiency**: English is widely spoken, making communication and business easier for foreigners¹².
7. **Strategic Location**: Malaysia's location in Southeast Asia makes it a hub for travel within the region¹².
8. **Property Ownership**: MM2H participants are permitted to purchase property in Malaysia¹³.
9. **Healthcare**: The country has quality healthcare facilities, which is a significant consideration for many immigrants¹⁴.
10. **Safety and Political Stability**: Malaysia is considered politically stable and safe, which is appealing to those looking for a secure environment¹⁴.
For Iranians specifically, the MM2H program offers an opportunity to live in a country that provides a sense of community and familiarity. There is a significant Iranian diaspora in Malaysia, which includes students, business owners, and professionals⁸. This community can offer support and a sense of belonging to new arrivals.
Additionally, Malaysia's relatively affordable cost of living compared to other countries, combined with the absence of visa requirements for Iranian nationals, has made it an accessible and attractive destination⁸. The diverse and vibrant Iranian community in Malaysia includes a wide range of individuals, from students to entrepreneurs, adding to the appeal for new migrants seeking a supportive environment[^10^].
6 hours ago
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5 hours ago
Sabah MM2H, Peninsula MM2H, flooded with middle easterners helping to sell properties promptly, etc. rebounded to 13sen with a buy rate 66%, on the way up hehe
1 hour ago
more n more middle easterners would come under mm2h, good for property players
Muhammad also made some small sacrifices. A Tim Hortons addict, he has had to find a substitute for his regular cup of Timmy's: Tealive, a local bubble tea chain.
"It didn't take very long, but I have a new substitute addiction," he said.
The Salehs said they have friends who have already moved to the UAE, while others are in the process of moving elsewhere from Canada.
When asked how long they see themselves living in Malaysia, Sana said, "Hopefully, for the rest of our lives! We would love to see our kids be raised here, get married here, and have kids here."
1 hour ago
Why Choose Malaysia for Second Residency?:
Diverse Culture: Malaysia’s blend of Asian, British colonial, Indian, and Chinese influences makes it an interesting place to live.
Language Advantage: English is widely spoken, facilitating communication and business.
Cost of Living: Kuala Lumpur offers a modern lifestyle without the high price tag.
Strategic Location: Southeast Asia’s hub with easy access to major Asian cities.
Champagne Lifestyle on a Beer Budget: Enjoy quality living without breaking the bank.
1 hour ago
The High-Speed Rail (HSR) project connecting Malaysia and Singapore has been a topic of interest for years. Let’s explore the reasons why it is very likely to be built:
Economic Integration:
The HSR would significantly enhance economic integration between the two countries.
It facilitates seamless travel, boosts tourism, and encourages cross-border business activities.
The potential for increased trade and investment makes it an attractive proposition.
Reduced Travel Time:
The HSR promises to cut down the journey time between Kuala Lumpur and Singapore to only 90 minutes.
Compared to the current four-hour road journey, this substantial reduction in travel time is a game-changer.
Previous Commitments:
Although the project faced delays and postponements, both Malaysia and Singapore have previously committed to the HSR.
The recent revival of the project indicates a renewed interest and determination to see it through1.
Infrastructure Development:
The HSR serves as a catalyst for infrastructure development along its route.
New stations, connectivity, and urban development are expected to emerge, benefiting both countries.
Tourism and Connectivity:
The HSR would encourage more tourists to explore both Malaysia and Singapore.
It opens up opportunities for joint tourism promotions and cross-border experiences.
Strategic Importance:
The HSR strengthens the strategic position of both nations in the region.
It enhances connectivity within Southeast Asia and positions them as hubs for international travel.
Environmental Considerations:
The HSR promotes sustainable transportation by reducing reliance on road travel and lowering carbon emissions.
In summary, the HSR project holds immense potential for economic, social, and environmental benefits. While challenges exist, the shared vision and commitment make it likely that the HSR will become a reality. 🚄🌏
1 hour ago
The Iranian diaspora in Malaysia is incredibly diverse, comprising various groups such as supporters of the Green Movement, students, religious practitioners, and business owners. Let’s explore the reasons why more and more Iranians choose to migrate to Malaysia:
Post-Islamic Revolution Phenomenon:
The Iranian diaspora in Malaysia emerged after the contested 2009 presidential election.
The regime’s crackdown on activists and mass protests led many Iranians to seek refuge abroad.
Malaysia, with no visa requirements for Iranian nationals and a comparable cost of living, became an immediate and affordable refuge.
Diverse Community:
The community includes not only political dissidents but also:
Students: Funded either privately or by the Islamic Republic.
Business Owners: Especially those in the travel and financial services sectors.
Journalists, Artists, and Environmentalists.
Vulnerable Position:
Unlike their counterparts in North America and Europe, Iranian migrants in Malaysia cannot acquire citizenship except through significant investments or marriage to a local.
If unable to secure residency or citizenship, they face a dilemma:
Return to Iran: Often reducing or hiding their activism.
Migrate to a Third Country: A limited option.
Limited Political Activism:
Iranian political activism in Malaysia tends to focus on reformist agendas rather than calls for regime change.
The presence of Iran’s security apparatus in Malaysia adds to the vulnerability of dissident migrants.
Friendly Relations and Surveillance:
Due to friendly relations between Iran and Malaysia, the Islamic Republic extends its intelligence presence into the country.
Iranians in Malaysia often feel under surveillance, affecting their activism and behavior.
In summary, Iranians migrate to Malaysia seeking safety, affordability, and opportunities, but their vulnerable status and limited political activism shape their experiences in this diverse diaspora community. 🌏🇮🇷🇲🇾
1 hour ago
good to boost property sale too hehe
The Israel-Iran conflict has influenced the migration of Iranians to Malaysia for several reasons:
Safety and Stability:
Malaysia is considered a safe haven for Iranians seeking refuge from regional tensions.
The country’s political stability and lack of direct involvement in the conflict make it an attractive destination.
Ease of Migration:
Malaysia offers visa-free entry for Iranian nationals, simplifying the migration process.
Iranians can easily enter the country for tourism, study, or business purposes.
Educational Opportunities:
Many Iranian students choose Malaysia for higher education.
The country hosts several reputable universities with English-medium programs.
Affordable Living Costs:
Malaysia provides a relatively affordable cost of living compared to Western countries.
Iranians find it economically viable for long-term settlement.
Cultural and Religious Ties:
Malaysia’s multicultural environment resonates with Iranians.
Both nations share a Muslim-majority population, fostering cultural connections.
Business and Trade:
Iranians engage in business ventures in Malaysia due to its strategic location in Southeast Asia.
The country serves as a gateway to regional markets.
Diplomatic Relations:
Malaysia maintains diplomatic relations with both Iran and Israel.
Iranians perceive Malaysia as a neutral ground for dialogue and cooperation.
In summary, the Israel-Iran conflict has prompted Iranians to seek safety, education, and economic opportunities in Malaysia, leading to an increasing migration trend. 🌏🇮🇷🇲🇾
1 hour ago
Let’s embark on a whimsical journey through the Malaysia My Second Home (MM2H) program and its magical impact on property sales in this tropical wonderland:
🌴 The Enchanted MM2H Portal: Where Dreams Take Root 🌴
Once upon a time, nestled amidst lush rainforests and bustling cities, there existed a mystical gateway known as the MM2H Portal. Brave souls from distant lands sought passage through its shimmering visa pages, seeking refuge and adventure in the land of durians and monsoons.
🏡 The Property Pixies Awaken 🏡
As the first MM2H visa was stamped, a curious thing happened: Property Pixies emerged from the dew-kissed grass. These mischievous beings flitted about, whispering secrets to potential buyers:
Pixie of Price Harmony:
“Fear not, dear wanderer! MM2H visa holders have their own minimum purchase price. No wild bidding wars here!”
And so, property prices danced in harmony, neither soaring too high nor plummeting into the abyss.
Pixie of Expat Elegance:
“Behold! MM2H visa holders seek abodes by the sea, near bustling markets, or atop misty hills.”
Developers, inspired by these whimsical preferences, crafted homes with secret spice gardens and moonlit balconies.
Pixie of Cultural Crossover:
“Listen closely! MM2Hers crave fusion—Malay batik meets Persian carpets, Chinese lanterns embrace Iranian calligraphy.”
Thus, homes bloomed with vibrant tapestries and fragrant spices, a symphony of cultures.
🌟 The MM2H Effect Unfolds 🌟
The Rainbow Bridge:
The MM2H Bridge connected Kuala Lumpur to the world. As visa holders strolled across, they glimpsed rainbows and whispered, “Home.”
The Durian Dividend:
MM2Hers reveled in durian feasts, their laughter echoing through orchards. Developers, sensing opportunity, built condos with durian-themed balconies.
The Monsoon Mirage:
MM2Hers danced in monsoon rains, their laughter mingling with thunder. Property agents, inspired, marketed homes as “Rain Symphony Residences.”
The Sunset Serenade:
MM2Hers gathered on Penang’s shores, sipping teh tarik as the sun dipped. Condos sprouted like palm trees, each balcony a stage for sunset sonatas.
🔮 The Grand Prediction 🔮
And so, the Property Pixies foretold: “MM2H visa holders shall weave their dreams into the fabric of Malaysia. Property sales shall flourish, and homes shall echo with laughter, love, and the occasional durian scent.”
And thus, dear reader, the MM2H program cast its enchantment upon the Malaysian property market, forever intertwining the destinies of expats and cozy bungalows. 🏠✨
Remember, this tale is but a whimsical weave of imagination. In reality, the MM2H program does indeed influence property sales, but without the pixies and durian-themed balconies. 😉🌟🇲🇾
1 hour ago
Let’s unravel the enchanting tale of why Iranians flock to the Malaysian property market like curious travelers drawn to hidden treasure chests:
🌟 The Persian Carpet Chronicles: A Journey to Malaysia 🌟
Once upon a time, in the bustling bazaars of Tehran, whispers of a faraway land reached the ears of Iranian dreamers. They spoke of a place where durians danced with monsoons, and the sun dipped into the sea like a golden coin. That place was none other than Malaysia.
🏠 The House of Spice and Harmony 🏠
Affordable Alchemy:
Iranians marveled at Malaysia’s affordable living costs. The currency, like a humble genie, stretched their dirhams and rials into magical proportions.
“Buy a home,” the wise elders said, “and watch your wealth multiply like jasmine vines.”
Cultural Kaleidoscope:
Malaysia’s diverse culture beckoned like a siren’s song. Iranians reveled in the fusion of Malay batik, Persian carpets, and Chinese lanterns.
“Here,” they whispered, “your heart can dance to a thousand rhythms.”
Economic Alchemy:
The strong economy shimmered like a desert mirage. Iranians saw skyscrapers sprouting like date palms, and their hearts quickened.
“Invest,” the merchants advised, “and watch your dirhams dance the tango with ringgits.”
Political Serenity:
Malaysia’s political stability was a soothing balm. Iranians sought refuge from the tempests of their homeland.
“Here,” they sighed, “our dreams can bloom like hibiscus flowers.”
The MM2H Spell:
The Malaysia My Second Home (MM2H) program cast its enchantment. Iranians held golden visas like ancient scrolls.
“Stay awhile,” the MM2H wizards intoned, “and weave your tales into our tropical tapestries.”
🔮 The Grand Prediction 🔮
And so, Iranians bought homes in Malaysia—condos with durian-themed balconies, villas by moonlit beaches, and apartments overlooking rainforests. Their laughter echoed through the corridors, blending with the call to prayer from distant mosques.
The Property Pixies danced, whispering secrets of rental yields and capital gains. The Property Portal glimmered, connecting Tehran to Kuala Lumpur in a cosmic embrace.
And as the sun dipped into the Strait of Malacca, Iranians raised their glasses of teh tarik, toasting to a new chapter—a home where spices mingled, cultures harmonized, and dreams took root.
For in Malaysia, they found not just properties, but a place where hearts could wander and souls could soar. 🌏🇮🇷🇲🇾
Remember, dear reader, this tale is spun from stardust and imagination. But the truth remains: Iranians find solace and adventure in the Malaysian property market, where every brick whispers, “Welcome home.” 🏡✨
1 hour ago
same trend, ready to fly :)
2024-03-20 0.175 0.155 0.180 0.155 8,634,900
2024-03-19 0.150 0.140 0.150 0.130 9,045,900
2024-03-18 0.135 0.125 0.135 0.120 6,905,900
2024-03-15 0.125 0.155 0.155 0.125 6,236,600
2024-03-14 0.155 0.155 0.160 0.155 511,700
1 hour ago
China conglomerate might acquire Ho Hup Construction Company:
Strategic Expansion:
The China conglomerate seeks to expand its footprint in the construction industry.
Acquiring Ho Hup provides access to the Malaysian market and established projects.
Affordability and Growth:
Ho Hup’s affordable living costs and strong economy appeal to investors.
The acquisition aligns with the conglomerate’s growth strategy.
Golden Visa Opportunity:
Malaysia’s MM2H program offers golden visas to property buyers.
Owning Ho Hup properties grants access to this program.
In summary, the China conglomerate aims to grow its construction portfolio by acquiring Ho Hup, leveraging Malaysia’s economic advantages and MM2H program. 🏗️🌏🇨🇳🇲🇾
1 hour ago
started to rebound, etc. accumulate... :)
Time Price Chg Vol
16:29:21 0.130 20,000
15:28:43 0.130 +0.005 15,200
14:30:00 0.125 500
1 hour ago
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