Property Outlook 2022 in Penang @ Crescent Dew Clubhouse

I have given too many online talks in 2021, I think. While there are still interactions but it’s still unlike actual engagements. Before Covid-19 arrived, I spoke in 52 events in 2019. That’s roughly one event per week.

This 11th Dec 2021 (Saturday), I will be speaking in Penang again. Specifically at the Crescent Dew Clubhouse @ Bertam, Penang. The theme of the day is “A Magical Christmas Celebration.”
Please register here yeah.

Hope to see my Penang friends yeah. I have not been to Penang for 2 years actually. So, this is my first trip back to Penang. I will be speaking together with my good friend Miichael Yeoh and the topic title is, “Property Market Outlook 2022.” We have decided to have a total of 18 slides where we will share the Past, Present and Future and lots of statistics.
Please register here yeah.

Details of the talk

Details for the talk is as below: Please do
remember to sign up yeah.
The talk is free yeah. You can also ask questions too. Plus… we can enjoy some coffee together during the day too. As usual, full SOPs would have to be followed and only fully vaccinated ones would be allowed entry. Click below for the full poster yeah. We will be speaking in Crescent Dew’s Clubhouse.

In the mean time, please always take care and remember to wear masks and have sufficient social distancing too. See you next Saturday.

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Crest Builder: Higher sales, higher profits (good sign for industry)

If we ask our real estate negotiator friends, nearly all would tell us that it’s harder to sell to prospective buyers these days. So, is the property market in trouble? Asking the first-time home buyer or even the ones who are still waiting to buy may not yield the best answer. It’s better to look at the developers’ results instead.
Oh yeah, this is an earlier article about property price too.

Here’s one recent one. Crest Builder Holdings Bhd’s net profit for the third quarter ended Sept 30, 2018 (3QFY18) jumped nearly five times to RM33.83 million from RM6.9 million a year ago. It has achieved higher sales in its property development division as well as a land disposal gain. Quarterly revenue grew 29% year-on-year to RM177.06 million from RM137.24 million previously. Revenue for the property development division grew fromRM25.5 million to RM95.2 million a year ago and this has contributed to division’s profit before tax jumping to RM41.1 million from RM2.8 million.
 Article in TheEdgeMarkets.com here.

In a statement, it said that over a nine-month period, the group’s net profit grew 2.6 times y-o-y to RM53.59 million from RM20.28 million mainly as its property development division registered improved performance. Revenue climbed 32% to RM452.61 million from RM342.95 million with higher contributions from both its construction and property development divisions.  It said, “The property development division will continue to contribute positively to the group in year 2018. Our existing developments in Shah Alam cater to the first time buyer market segment. We expect the responses to our developments to be encouraging.” Crest Builder’s shares grew 12 sen or 12.63% to close at RM1.07 today, giving it a market capitalisation of RM182.64 million.
 Article in TheEdgeMarkets.com here.

Time to buy its stock? This is what Rakuten Trade says about it’s stock price. “Crest Builder is currently trading at around 64% discount to its book value per share and is currently at a multi-year low valuation with forward price-earnings ratio of only 4.9 times, compared to its three-year historical average of 10.7 times.”
Article in TheStar here.
By the way, 4.9 times price-earnings ratio means that the stock price is undervalued. Happy following.

written on 1 Dec 2018

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[Paid Review]
Crisantha: A home sweet home which is also a resort at the same time.

Do we remember the time when a home and a resort were two different places? A home is where we go back after work, watch some TV and sleep. We would continue to repeat this. These days, please do expect more from a landed home. Lots of greens, purpose-built facilities and most importantly, a contemporary design and it’s a secured enclave home too for safety and peace of mind.

A stylish Resort Homes

A resort is meanwhile reserved for a holiday. Usually, we would only go to a resort a few times every year. Now, there is an opportunity to enjoy both at the same time. Crisantha is a resort home within the award-winning Bandar Sri Sendayan. Here, we can expect a stylish home with a fine design and with lots of community facilities too. These facilities include a pavilion, BBQ plaza, jogging track, playground, multipurpose court, viewing deck and it’s also very close to the d’Tempat Country Club.

Not all landed homes are built the same

Do we believe just any landed property is good enough? These days, just a green grass field is no longer sit’s best to typical landed home is not usually designed to look like a resort with that welcoming entrance with well-trimmed row of plants welcoming us when we drive in. The many facilities which our kids and even our parents who come visiting could enjoy? A purpose-built path for the parents to walk comfortably?

All these within a secured environment?

What’s a secured environment?

Crisantha is a secured neighbourhood and it comes with CCTV surveillance too. Everyone entering or exiting would require an access card and all the homes are equipped with voice intercom and even a security alarm system too.

Crisantha’s clubhouse is a 5-Star Clubhouse; d’Tempat Country Club

d’Tempat Country Club is a completed and fully functional clubhouse. Within this clubhouse, we could enjoy a complete range of facilities and even continue to have a healthy lifestyle too. These facilities include badminton courts, tennis courts, squash courts, Olympic-sized swimming pool, aqua gym, snooker room, spa and more.

Cars and conveniences: a home width of 24 ft

When we look at newer landed homes today, the typical width would be 20 ft and sometimes, to price the home even lower, then the width could be as low as 18 ft.  Is 18ft home enough to park two cars side by side? The answer is a Yes. A typical Segment C car, with both doors shut would require a width of around 6 ft. Thus, a home with two cars parked side by side with both doors shut and enough space to open the door for one of the two cars meant that 18 ft feels tight.

Crisantha’s width is 24 ft. We could park two segment C cars easily with lots of space to spare as well. If truly needed, it’s possible to park another small sized car too.

Crisantha is situated within Bandar Sri Sendayan (important fact)

When we are choosing a landed home, we need to consider very seriously the township which that landed home is situated in as well. Look around and we would understand that not all townships are the same. Crisantha is located within Bandar Sri Sendayan which is an award winning township. It has also won a number of accolades.

Within Bandar Sri Sendayan, there is already the Sendayan Merchant Square, Sendayan X-Park, Matrix Global Schools, SJK © Bandar Sri Sendayan, SMK Bandar Baru Sri Sendayan, Sendayan Techvalley and more. Total population is estimated to be over 40,000  currently. And projected to have approximately 100,000 residents upon its completion. This is a mature township which is still growing today.

Accessibility

Crisantha has an easy access to Seremban 2 which is just 7km away from Bandar Sri Sendayan. Crisantha is also just a comfortable drive away to the Kuala Lumpur International Airport (KLIA) and KLIA2. It’s also easily accessible via the North-South Expressway (PLUS), Seremban-Port Dickson Highway, KLIA Linkage and the proposed Senawang-KLIA Expressway too.

Now, let’s look at Crisantha’s specifications

It is a 2-storey linked home (24 x 70) with built-up from 2,863 sq.ft. Take a look at the modern look as below: (If we park just two cars…)

Conclusion

If we are looking for a family home, the one which we could stay in and enjoy for a long time to come, this maybe it. If we want to buy a resort home within an award-winning township, then Crisantha is worth a closer look too. Drop by, drive around, ask the sales people lots of good questions, Due diligence is always necessary as this is not like buying vegetables from the market yeah.

If you prefer to get them to call you and arrange
for an appointment, fill up the form here.

http://bit.ly/kpslrf

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A crisis unfolding or an opportunity opening?

A good friend asked me today, ‘Is it still a good time to buy?’ This friend is a very capable lady whom I look up where work is concerned. I told her, there’s no answer to this question because if I say Yes, she would ask me what to buy. If I answer No, she would ask me When. Haha. If only life is that easy or I am so accurate at forecasting, then I would not need to wake up at 7am and arrive home 7pm daily and work five days every week. Anyway, the following is one major reason why people are negative and skeptical. What if the market crashes? Yes, with the Ringgit already past RM4.10 to US$1, it kept going lower every day. Everyone is talking about it, even uncles and aunties in the market. The stock market is so volatile and dangerous today that it seems suicidal to enter the market.

Allow me to just say what I did this morning and this afternoon. This morning, I asked my brother to help me arrange with his real estate agent on viewing some condos in Ipoh. Reason is because I wanted to think about renting it out and still have access to the facilities for my daughter when we are in Ipoh every weekend. Prices remain affordable, around RM250,000 – RM300,000 depending on furnishing and area. In the afternoon, I WhatsApped my broker and asked him to queue for an undervalued counter that I have been buying. I intend to hold until the market recovers. Otherwise, the dividend is considered above the savings rate from banks easily.

Actually, both these actions have no direct co-relation to how low Ringgit goes. This is as long as the fundamental of the economy remains strong. You can read a bit here:
Fitch Ratings, Malaysia, 1st July 2015

 Even if the Ringgit goes lower, the possibility of renting the condo out for homestay remains almost the same. Believe it or not, if I am a tourist thinking about visiting South East Asia and I look at the 5 Star hotels in KL vs anywhere in the region plus all the nice places to visit and the food varieties, I would still fly into Malaysia.

The savings account would still give me the same interest rate if I do not use some of it to buy the undervalued stock and wait for dividends with potential for capital appreciation when the market gets better. Would the share price goes lower? Would you know? Haha. I quote Warren Buffet, ‘when you buy an undervalued company, the price of the share would soon reflect its business fundamental.’ Of course, I may be wrong but if I am wrong by buying a fundamentally strong company, then at least half of all the companies which are not as strong may have to ‘close shop’ first. If that happens, no matter how much you have in your savings account, I am not sure how long it can last. By then, most probably both you and I are out of job too.

Please understand the big picture by evaluating your own position versus the current situation. Is Malaysia really the weakest country here in South East Asia? What about Asia? What about Europe? What about the world? If based on whatever economic or financial stats and even based on the latest ratings from all the international rating agencies, the answer is No. Oh yeah, since it’s my future, I make my own decisions and I take my own calculated risks. Hoping for the best then. Happy deciding.

written on 18 Aug 2015

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Uncertainty in Malaysia? My personal 4 signs.

A very capable friend posted in Facebook earlier. With the Ringgit’s depreciation, she felt that Malaysia will be going Greece’s way; financial crisis. In brief, Greece has stopped negotiating for European Union (EU)’s financial assistance and will most probably default on IMF’s payment and perhaps in the near future, no longer a member to EU. This has dragged Euro down thus far. Is Malaysia going to be the next Greece? If we are, first things first, start withdrawing your money from the bank. The reason is because the Greek government has shut ALL banks and everyone can ONLY withdraw Euro60 per day for their daily expenses.

However, let me tell you my personal 4 signs of potential economic distress for Malaysia. Nope, this do not need complex calculations like that of the three international rating agencies. It does not even need to depend on any politicians who seem to be so awesome with economics but kept giving stupid advice all the time. Plus the many ‘objective’ Malaysians who thinks the political party they support are full of angels and the other side is always wrong no matter what they do. Haha.

First sign. If Ratings from the international rating agencies start sliding downwards. Even though I feel that these international rating agencies also have their own agenda but I think for a small country like Malaysia, their objectivity is enough to gain my trust. As soon as two rating agencies downgrade us, we better be prepared and not be too bullish. Hold only undervalued stocks please.

Second sign. Bank Negara Malaysia’s governor, Tan Sri Dato’ Dr. Zeti Akhtar Aziz tendering her resignation SUDDENLY before her contract ends OR someone replaced her before her contract ends. Where would she go? For sure it is NOT to any political parties. I wish she can enjoy her time is she leaves and perhaps even devote some time to her alma mater, Wharton School of the University of Pennsylvania. (
ONLY ranked

3rd
 in the world by Financial Times for management school)

Third sign. Look at the property market. When BOTH transactions and prices starting to fall in tandem for two quarters, better start preparing for harder times ahead. The reason is simple, without a good and stable income, there’s is no way that one can save enough money for a home. When no one is able to buy, prices would have to go down to a level that the majority are comfortable to buy.

Fourth sign. It’s very, very tough to get a loan for a property. In other words, banks start to be very prudent about whom they lend to. Look at Non Performing Loans. If it goes up continuously, the banks are in trouble. Do note that NPLs do not suddenly happen. So, when it happens, it meant that the market is no longer rosy even if we could still see people in Starbucks, ok?

Who am I? Nobody then, still nobody today. Disagree with my four signs? It’s ok. It is just my personal guide. Please set your own signs so that it can guide you to know when is the crisis coming. Oh yeah, I hope the signs that you are using does not include all the ‘great’ postings on Facebook. For your information, majority of those doing well from their investments will not post in Facebook about how rich they have become. Happy researching and reading, fellow Malaysians.

written on 1 July 2015

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Crisis opens up opportunity is true. Risks are self-managed yeah.

I was listening to Dr. Victor Gan’s FB LIVE yesterday. It is an interesting and very informative presentation about the stock market vs the property market.
Please feel free to visit and view the FB Live here.
  He gave many positive points about the stock market even though he said that he is not an expert with the stock market. He runs property investment programmes and is the only real doctor who’s also a property investment expert.

Then, today I read this interesting article about how some young Singaporean retail investors are thinking about their country’s stock market. As all of us know, Singapore’s Circuit Breaker (known as MCO here in Malaysia) starts on 7th April 2020 (Tuesday). Thus, their economy will also be feeling the effects of a slowing economy and this will definitely affect the stock market. Coming back to the retail investors, in brief, they have full confidence with the stock market and is willing to invest a significant amount into the market.

Article in straitstimes.com
    Article quoted a 31-year old insurance agent, Mr Heng who got advances from three separate credits cards for a total of S$150,000 (RM455,700). With this amount of money, he opened a share financing account at a local bank and pledged the lot as collateral. The bank granted him a leverage of around 3.5 times and this meant he has around S$500,000 (RM1.52 million) which he put into the stock market.

He said, “As Asians, our parents always tell us: ‘Don’t borrow money, repay your mortgage as soon as possible. But money is so cheap.” Singapore Exchange (SGX) data showed that individuals pumped around $2 billion (RM6.08 billion) into equities in March and this was 50% higher than previous month.  Mr David Gerald, founder of investor lobby group Securities Investors Association Singapore, said, “investors should be cautious not to over-leverage” in volatile markets because they may face margin calls.  Please do read the very comprehensive article in
Article in straitstimes.com
 There was also an update to Mr. Heng’s stock investments too.

In another separate FB LIVE, I learnt from my good friend Ms. Agnes Wong the Managing Director of Syarikat Ong that SPARE cash is king. In other words, just having cash alone is not enough. It has to be spare cash. I think the essence of what she is also saying is that spare cash would also meant that the one is able to absorb the potential losses that comes from the current volatility. I hope everyone is reminded that in a financial crisis, the central banks are more aware of what and where is the issue.

In a pandemic induced crisis, there are a lot more uncertainties and this is why Singapore
is launching its stimulus package 3 today. (click to read)
This third package is another S$3.6 billion (RM10.95 billion) to soften the blow from the current COVID-19 economic damage. It’s very true that with crisis comes opportunity. The person aiming at the opportunity would have to manage the risks accordingly. Yes, I am personally evaluating stocks to buy only with my little spare cash.  Cheers.

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Crisis or no crisis, salary growth will lag because….

Here’s an interesting article about how the salary (wage) growth in the U.S is still lagging behind the economic growth (despite full employment). It’s in
business-standard.com
 Basically, what it says is that wage growth should be on par already with the economic growth which has now enabled full employment. More jobs meant people could choose, it meant employers must pay more to get workers and this should of course push the salaries up, true? I think if the same standards are applied to most other countries, the salary growth is definitely growing more slowly. It is not for all positions though because for many top managements, their pay is getting very high. Here’s an earlier article:
When salary packages for CEOs become way too high

If they are paid extremely high, of course there would be lesser for everybody else. Let’s hope these CEOs are more generous and strive to give more to their employees too.

Anyway, the reason why salary growth would always lag moving forward is because only the best gets paid ever higher. Talents, especially those in scarcity will drive up the demand for them and their salaries too. However, for those who are doing
the exact same thing, day in and day out,
 these would not get paid ever higher year after year because sooner or later, they would be replaced by people from other countries; cheaper costs. Do google about how robots would replace many more humans before we could find ever more things that we humans could do and robots could not do. There are already robots capable of performing surgeries, robots capable of writing simple programmes and even robots capable of answering complex questions which today is handled by humans! Yes, occasionally I also feel worried when I feel that I am repeating what I do every few months. I think that’s why I have only changed my job three times but I have changed my actual role and responsibility nothing less than 10 times!  I may be changing for the 11th or 12th time soon. Nope, many of those roles did not come with higher pay but new learnings and new growth.

Are we working in an industry which is still growing? If yes, it’s a great time to keep learning new things, enhancing our knowledge about new developments and even suggesting improvements. If we are working in an industry which is no longer growing, are we still able to add-value every year to what we do? When we work with our counterparts from other countries, are we teaching them or are they teaching us. If we are teaching them, are they lower pay or higher pay than us? If higher pay, they are in trouble. If lower pay, we are in trouble. If the other counterparts are teaching us and they are higher pay than us, they are in trouble but if they are teaching us and we are higher pay, it’s time to change job. Unfortunately, the world is getting smaller. Businesses can be set up anywhere in the world to do business with companies everywhere in the world. Only the most competitive will keep growing while the less competitive ones would slowly disappear. Oh yeah, if we earn good money today and we are investing it, the path towards retirement looks bright. If we are spending most of what we have, the future looks bleak because there’s no guarantee that we will keep earning good money…. I intend to work until I retire, not looking to become an entrepreneur but can always have an entrepreneur mindset as a working professional. Happy working, just like me.

written on 9 July 2017

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Critical allowances no longer considered critical. Reasons why?

Long time ago, when factories started operating in Penang’s Bayan Lepas Industrial Zones, they do their hiring all over Malaysia. In order to persuade many of these Malaysians from smaller towns to join them, they provide extra benefits such as allowances and even free accommodation. Else, the hiring will never happen because there are so many uncertainties if these people were to move to Penang from their hometowns.

In my first company, my Japanese managers have something known as inconvenience allowance. They were posted to Malaysia, so they may be away from their home town and their loved ones too. Thus, the allowance is to “soothe their emotional loss”. They may use the allowances to play golf for example. The amount is quite a lot. Let’s just say that’s also because it was calculated in US$ at the time as the company was a Japanese MNC.

In Malaysia, an allowance known as Critical Services Incentive Payment (BIPK) or also known as critical allowance will be stopped for all new staffs employed from January 2020 onwards. For all the employees currently enjoying it, they will continue to enjoy it. More details here:

Article in malaymail.com
  Under BIPK, civil servants under the management and professional category enjoy an additional five per cent allowance on top of their monthly salaries. Meanwhile, professionals in the medical field are paid a fixed allowance of RM750 on top of their monthly pay.  Those in administrative roles in the same field is also eligible for a tenth of their monthly salary except for nurses who gets 15 percent.

This new policy will effect 33 listed professions currently eligible for BIPK. The discontinuation will start from January 1 2020. These professionals include the following: Medical officers and pharmacists, architects, engineers and assistant engineers, legal officers, agricultural and marine engineers, and medical researchers. The reason for this cut is because the JPA said it needs a comprehensive policy review in order to strengthen the public sector allowance distribution system. Please do refer to more details in the
Article in malaymail.com

kopiandproperty.com would not want to comment on whether it’s wrong or it’s right. There are reasons from JPA and there are already petitions against it with good reasons too. Hopefully the best solution is found soon. However, what will happen is that consumption / demand due to these critical allowances will reduce yeah.

Assuming RM500 per pax and a total of 10,000 new civil servants under this category meant a monthly allowance of RM5,000,000 to them. Based on a multiplier effect of 4 times, this is RM20,000,000. If all these were spent on food for example, then the restaurants where these allowances were spent will have lower sales figures. Of course, in the context of the whole economy, this may not be huge but it does help. Will continue writing as and when there are further updates.

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Third bridge welcomed, crooked bridge can wait.

I favour more connectivities between Johor (JB) and Singapore (SG). Both sides would benefit and it’s totally untrue that only one side will benefit (whichever side you want to look at it from). I went pass the immigration just 3 weeks ago, trust me, with better connectivity, less time is wasted and economic benefits will be huge. So,
a third bridge is definitely welcomed
 (earlier article here)
, just as the RTS is compulsory too even if it will take a
few more years. (earlier article here)
 As for the crooked bridge which received lots of attention many years ago, this is what DAP strategist Liew Chin Tong says. DAP is supportive of the idea of a third bridge to neighbouring Singapore, but that a crooked bridge as mooted by Dr Mahathir Mohamad during his first tenure as prime minister is not an “immediate priority”.

In brief, I think the crooked bridge would need more discussions and agreements between both sides. Remember that SG side was AGAINST the idea many years back though no one knows what they think of it today. He added, “We also think there is a need to speed up construction of the Johor Bahru–Singapore Rapid Transit System linking Singapore rail facilities to Johor,” he said, adding that travellators or moving walkways would help speed up travel as well. The crooked bridge is not an immediate agenda.” It was reported that Johor Menteri Besar Osman Sapian had proposed the revival of the idea; crooked bridge from JB to SG. Please refer to the full article in
FreeMalaysiaToday.com

As for those who wants to know what our Economic Affairs Minister Azmin Ali’s comments, he said the crooked bridge project was a proposal by Johor Menteri Besar Osman Sapian, which had yet to be presented at the federal level.
The article in Mkini here.
 Personally, today and in the future, it’s all about collaborations. The world is the oyster and ASEAN neighbours are team-mates. This is not just about the bridge yeah. This is about everything that will enhance the competitiveness of both nations because the ‘competition is out there.’ Fighting over a total market size of 40 million (Malaysia and Singapore) is really a funny notion and better be scrapped altogether. Last but not least, IF it has not even gone to the Federal side, perhaps just run it through first before any formal announcement? Happy following.

written on 17th Oct 2018

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New luxury cruise ship Superstar Virgo coming to Puteri Harbour

Two years ago, my wife told that she hoped to take a cruise to somewhere. She has not been on a cruise before. Well, we have not gone anywhere as she got pregnant after that and today, our second baby has started to crawl a bit and had just passed 8 months. While she may not yet get her wish but Johor is now part of a stopover for Superstar Virgo. It will moor at Johor’s Puteri Harbour Ferry Terminal. Nusajaya is the only destination in Malaysia during its tour to Asia and Australia. According to the Johor Tourism, Domestic Trade and Consumerism executive council chairman Datuk Tee Siew Kiong, the fleet which is part of Star Cruises, would moor at the terminal as part of its 48-day journey to eight countries in Asia and Australia.

This is a good news indeed. The reason is because those who can afford such cruises would be deep-pocketed enough to spend more than the usual visitors. I think the potential attractions better make arrangements with Star Cruises as soon as possible. The cruise would be bringing around 1,000 tourists and 800 crewmen from 15 countries and it starts from Hong Kong, China. Johor must take this opportunity to attract these visitors to come again in the future as the cruise would only be stopping for one day. After Johor, it would be proceeding to Singapore
(huh? Johor is next door, right?)
, Sihanoukville in Cambodia, Jakarta and Bali in Indonesia and Australia’s Darwin, Adelaide, Sydney, Brisbane, Fremantle and Tasmania. The one day stop would enable tourists to spend time visiting attractions like Legoland Malaysia themepark and Johor Premium Outlet. Read here about
Johor Premium Outlet.

One day is too short. However, if these 1,000 visitors spend just RM300 per person for that day, that’s already RM300,000 and based on a multiplier effect of 4x, this would already generate RM1.2 million to the local economy. As this is part of a 48-day journey, I think it can at most pay 7 visits to Johor per year. The numbers do look attractive. No one knows if 1% out of the 1,000 actually bought a property too? I think a tour of what Iskandar has to offer in terms of property ownership should also be arranged, somehow. As for my wife’s wish, I think joining this cruise from China or Hong Kong is not possible for two reasons. I am a full-time employee and it’s definitely out of my travelling budget. To those who are reading this, you should join this cruise. I think it’s an interesting one! Happy cruising!

written on 22 Dec 2015

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IPO Malaysia: CTOS offering up to 1.1 billion shares in Main Market

It does seem that IPO Malaysia is getting hotter with each passing month. I just hope that COVID-19 will not derail this uptrend. We have a well known brand name lining up for a listing in Bursa’s Main Market. CTOS is a company whose name most of us would have heard of even if we may not have used its services, yet. This listing will not be the tens and hundreds of million like usual yeah. It’s a listing of a company with a valuation of over RM1 billion.

Header Image is from
https://ctoscredit.com.my/

Article in theedgemarkets.com
  CTOS earned a net profit of RM37.98 million in the financial year ended Dec 31, 2020. It will be offering up to 1.1 billion shares at a price to be revealed later as per the draft IPO prospectus posted on the Securities Commission Malaysia website.

Of the 1.1 billion shares to be offered to the investing public, 900 million will come from existing shareholders, while the remaining 200 million will be made available via the issuance of new shares. Of the 900 million shares up for sale, Creador’s unit Inodes will offer 720 million shares, while 81 million shares will come from each of the co-founders Chung Tze Keong and Chung Tze Wen, and 18 million shares from June Ng.

CTOS intends to use its IPO proceeds to pare down debts. As at March 31, 2021, the company’s total borrowings stood at RM163.5 million. Please do read the article in full here:
Article in theedgemarkets.com

Same due diligence based on what we want to invest into

Do we know what CTOS does to earn its profits? Do we know if they have a strong competitor? If yes, is the market actually big enough for CTOS and all its competitors?  One way to also know is to ask 10 of our friends if they are a CTOS user.  Next question would be whether they would be willing to pay to get a credit score so as to be able to make adjustments to it and increase their chances of getting a loan. Based on the many cases of bank rejections for loan applications, it does seem that credit score is one important factor that everyone should be aware of.

By the way, in many advanced countries, many consumers seek the help of credit repair companies to understand why their credit score is low and what they could and should do about it. We just need to decide if this is a trend which is becoming prominent here as well. Timing matters as well.

Happy deciding yeah.

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Currency manipulator? Please just take care of your ‘APPRECIATION’ lah.

You know most of us have a tendency to blame the world when something does not go the way we wanted? Like some CEO which said it’s not his fault that the product is no longer favoured by the customers? It must be the competitors’ fault. Well, the direction of the company is determined by the CEO in the first place. He may also have been paid a lot of money. Read here:
When salary packages for CEOs become way too high

At least for one company that I don’t really support because they are selling way too high simply because they have lots of loyal supporters, this company has also changed its direction. It used to believe that 4 inch screen is the largest you will ever need for a smartphone. Haha. These days, their new screens are as huge as what the competitions are offering. Let’s talk a little more macro today; of country’s trade balance.

Do read this funny article about the views from the researchers of biggest economy in the world.
“Asian economies escape ‘manipulator’ tag, but expect more pressure on trade”
  Basically, Mr. Trump is trying to reduce the trade imbalances which has resulted in the U.S. having trade deficits for such a long time that it has become a norm. The blame is on some countries which has NOT imported enough goods from the U.S and has instead exported more to them. I think the question should be, did these countries even FORCED the Americans to buy in the first place. The trade balance between Malaysia and the U.S is also in Malaysia’s favour. Yes, in case you still did not know, this is one BIG reason determining the currency strength and based on this alone, the
currency with deficits
 should NOT be growing stronger against majority of every currency in the world.

Want to read an educational article by a bank based in the U.S? Of course it should not be an article written by some banks here in Asia, then people may say this is biased. Here’s a simple one. ‘
Why does a trade deficit weaken the currency?’
 So, tell me, beyond just rhetorics after rhetorics by their President, should they not do a bit more to change this imbalance? I hope he would. By the way, Bank Negara Malaysia has already said many times that they only want an orderly change for the Ringgit. Huge movements either way will just harm the businesses. A currency should ONLY be used for trade. Any other speculative purposes should just be banned altogether.
 It’s tough for businesses to produce awesome goods
 to sell to the world. It however takes just few seconds for some currency manipulators to push the currencies up and down. Well, I think if the US$ continues to strengthen without actual economic changes which is necessary, rest assured that volatility would continue because many policy people would have to come up with ever more justifications. A crisis is not too far away when chaos reigns within the currencies. Happy following.

written on 16 April 2017

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Currency movements. Effects from COVID-19.

In my trip to Melbourne and Sydney just 18 months back, the currency exchange was not on my side.  It was very close to RM3 to AUD1. Everything I wanted to buy, I needed to think thrice (3 times). Well, nearly everything except on our 5th day in Melbourne and everyone could no longer stand not having any Malaysian food. We dropped by a restaurant owned by a Malaysian and went crazy with our orders without any consideration of the fact that the Chicken Rice was AUD15 and it was actually RM45. Who cares. Missing Malaysian food is NOT an option yeah. Fast-forward to this week. Take a look at the AUD vs RM exchange rate as below:

As for the reason why the AUD is dropping versus the USD (nope, not versus RM). Read here:
Article in The Sydney Morning Herald

Source: xe.com

Source: xe.com

Right after the chart for RM vs AUD, we have the chart showing RM vs the Pound. (GBP). By far more fluctuations over the years yeah. Within the past 2 years, the best exchange rate for us (Ringgit) is around now. The worst was when it was GBP1 to RM5.6  Want to know what was the exchange rate in 1997? Say, month of November? It was close to GBP1 to RM8.  I knew because at that time, I was in the UK for my degree. So, in this sense, the ringgit was far weaker way back in 1997 / 1998 versus today. Our currency is now stronger.

Before we start to be happy with these two exchange rates versus two advanced nations, let’s look at the USD and the Ringgit. Within the past two years, the time when ringgit was the strongest versus the USD was on 11th April 2018. Today, we are at RM4.41 to USD1. Perhaps we could also say that we are fortunate as this is below the rate during the 1997 / 98 ASEAN financial crisis? Well, one major reason for the USD strengthening against everyone else was simple. USD has always been seen as the safest currency in times of crisis. Thus, investors will all be selling all their other currencies and turn them into USD instead…

Source: xe.com

When we look at these currency fluctuations, we will learn that when we invest, it’s best to look at the underlying value of what we intend to invest into instead of the currency or the country yeah. For example, if it’s property, then we should understand the median income of the households in that country versus the property price in that country and then compare objectively.  If it’s the stock market in that country’s stock exchange, then it’s the Price to Earnings ratio (PE). Just because it’s an advanced country, should we assign a higher PE for their listed companies? Well, your decision is your decision yeah. Happy following and investing.

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Currency risk to Malaysia. Budget Deficit and uncertainty

Image Source: Bloomberg

Ringgit is still weak, when compared to years ago. Ringgit is strong, when we look at Bloomberg’s image on the side, showing the performance of a number of currencies within 2017, as at a few days ago. Anyway, regardless of our own predictions or thoughts, the World Bank says that Malaysia has some currency risks. This is the full article in
TheEdgeMarkets here. World Bank sees currency risk in Malaysia.
 Briefly, the World Bank says Malaysia is more exposed to exchange rate risk than other developing countries as global financial conditions tighten. It added that foreign exchange reserves appear adequate even though there is a sizeable external debt. It raised the growth forecasts for Malaysia for 2017 and 2018 versus its earlier estimations in April 2017. The reason? Improving global environment and strong domestic demand.

What World Bank is worried about include budget deficits which it considers as remaining high or are expected to rise in most countries over 2017 to 2019. This is made worst by some uncertainty with economic policies in some advanced economies (Yes, I think we know which one too. I think it’s one which is changing their capable chairperson in the near future) as well as the escalation of geopolitical tensions. (Yea, I think we know which one is causing all these frictions)   Last but not least, Sudhir Shetty, chief economist for the World Bank’s East Asia and Pacific region said in an an interview with
Bloomberg TV,
“What policy makers need to do is not be lulled by the fact that it’s been a good period for the global economy.” He added, “Officials need to look for ways to mitigate some of the vulnerabilities that have built up even as the region is generally well-prepared.” Full article in
TheEdge Markets here.

According to MEF executive director Datuk Shamsuddin Bardan,
there will be slightly more retrenchments in 2017 versus 2016
. I personally think the risk can be ascertained better by looking at the job numbers. More jobs means lower risks while more retrenchments certainly mean a higher risk because when people are out of job, they have no salary to pay for their living expenses. As at today, perhaps the number of jobs are still aplenty. Looking at JobStreet.com.my, total number of posted positions are at 27,829 as at today. Not too bad even if the number of jobs usually trend downwards towards the end of the year and will restart to be crazy after the bonus period for most employees. Happy working hard.

written on 9 Oct 2017

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If we have US$2 TRILLION, everything will be just fine.

When a financial crisis strikes, the general advice given by some knowledgeable people / institutions include letting the inefficient companies close down so that the market will soon become healthier as only the healthy companies could remain. Never mind those working people for that inefficient company. They should find jobs in some other healthier company or industry. This will make everyone more competitive!

By the way, ASEAN nations facing the the 1997 financial crisis were asked to do something similar. Some followed and lost many ‘inefficient’ companies which was purchased by foreign companies with deeper pockets. These ‘inefficient’ companies could become efficient after they were owned by the foreign entities, somehow. Malaysia refused and instead instituted the now world famous capital control. RM was pegged to the US$ at US$1 to RM3.80 The reason for RM3.80 was later revealed to be just a number.

Nevertheless, this provided the stability we needed and we recovered economically despite not taking any financial assistance from the International Monetary Fund (IMF). Now, the Covid-19 is wrecking havoc in economies worldwide and this includes even the world’s largest economy, the U.S.  What would be the steps suggested in order to save the economy, the many industries and specifically some troubled companies?

Article in marketwatch.com
   Scott Minerd, global chief investment officer at Guggenheim Investments estimated that the Chinese economy is contracting at 15% annual rate, European economy is already in a fairly severe recession and says that even if the United States is not yet in a recession, it will enter one very soon.  Then he gave an idea of what is potentially happening soon with an economy which is in a recession, specifically the U.S.

He said, “While shutting down restaurants, schools and major events, a lot of people are going to be without a paycheck—people who probably don’t have $500 of savings in the bank—and they won’t be able to cover next month’s rent, their car payment, and their living expenses. Given this dynamic I see this getting much worse.”  In order to ‘save’ industries and companies from this, the U.S. economy will need upward of US$2 trillion. Do read the full article with a lot more insights here:
Article in marketwatch.com

Well, the US$2 trillion will have to come from somewhere yeah. If it’s about printing ever more money, then the currency should weaken… right? Well, not really. In recent days, the US dollar has climbed against major currencies like the Australian Dollar, the Euro and even the British Pound.  Yes, of course it has also climbed against the Ringgit too. One major reason is always this, the US Dollar is a safe haven currency due to all the uncertainties in the world today courtesy of the Covid-19. All the rest… are well… just currencies.

If you like to understand a little more deeper on the WHY, do
read this article in theedgemarkets.com
  So yeah, we can see that the strength of currency which should be due to the trading of goods and services is not really that apparent. The more goods and services which a country exports, the higher the demand for their currency (to pay for the goods and services) and thus it should strengthen. Malaysia has been having trade surpluses for as long as some countries have their trade deficits.  Also, that financial logic that the more money the country prints the weaker the currency should be… no?  Happy following.

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Why is there a difference between current price and new launch price?

In my recent article on,
Buying Penang properties? Affordability means RM600 – RM700psf.
, it received quite a lot of interest and it quickly became a top 3 article for the week. One particular person asked me, if this is true, then why are condos in Sungai Ara still below RM600 psf?   Actually, all new launches try to price their properties higher because they cannot complete their properties within the next 6 months. From the launching to the construction to the key handover, it may take 4 years. This meant that it is impossible for them to price it the same as the current price in the area. In fact if we see that the current price in Sungai Ara is around RM550 psf, if there’s a new launching, I think the launching price would be RM600psf, which if we take into account the four years from, then the % increase from current price is around 2% per year. I think an increment of 2% per year is still considered reasonable, don’t you think?

Then, there’s the question of what if the launching was not successful and the developer sold just 30% even after 6 months of launching? There are a few options. The developer can join a property fair and tell everyone, ‘Special deal for 50 units’. In terms of prices, they may have to stand firm or they will offend earlier buyers. Thus, they can provide renovation packages or other ‘special’ rebate deals. Alternatively, they can delay the launch and return the deposits to all the buyers. Unlike what a lot of people think, it is not an easy job to be a developer. Price it too high without the right reputation, it may fail. Price it low, the margins got squeezed too much, they cut corners and the buyers who bought will blame them for life and tell everyone they know. That’s why in every state in Malaysia, there are those ‘famous’ ones that every buyer would only buy if they sold lower than everyone else.

My personal view is this, if the property has been launched for over 6 months and the number of sold units continue to be low and the developer is always in your friendly hypermarket with one table and two chairs or every now and then you receive emails about the same project, I will skip it. Yeah, what if it is successful and I did not profit from it? Haha. Ok, I accept it. I always believe that with the right launching price per sf, sufficient marketing and promotions and a location which you can still find some advantage to write about, it should sell well. Oh yeah, the sufficient marketing means that the developer better not only be thinking about three times newspapers advertisements. If this is what their marketing manager think, then all the best. Conclusion is, no developer would launch at the same price as the current prevailing price in the area. It would always carry a slight premium.

written on 2 Aug 2014

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‘Cut all ties’, then you get another chance. MAS.

Reported widely recently was the plan for MAS to be delisted. This is a topic that I have spoken a few times with a few different people who said that MAS should restructure and should fire its management, should trim its staff costs, fly to more profitable routes etc. Truth is, all these do work to a certain extent but personally, the main theme should be ‘cut all ties’ and you have a chance to make a strong comeback. What do I mean by ‘cut all ties?’ Imagine your father started a business and it has been around for the past 50 years. He has been buying supplies from an uncle for the past 50 years. Recently, your father found out that the prices from the uncle is just not competitive and wanted to tell him but due to the 50 years relationship, it is hard. Solution? You can take over and YOU make that decision to renegotiate. That is what I meant by cutting all ties.

Over the years, MAS has carried way too many baggages. Too many staffs. How do you fire staffs who has been around through thick and thin? Even if they are not your best staffs, they have been around and you know them personally. Everyone knows everyone personally. Many a times, they were efficient then but as time passes, newer airlines became ever more efficiency, ever more competitive. For example speed. Are the staffs used to slower times from previously? Today, speed is critical. If your staffs started out right, they can continue easily but what if your staffs thoughts were, ‘been there, done that’ and refuses to change?

Over the years, MAS has signed many contracts which were not negotiated to its best ability. Most of the time, the negotiators know these companies that they were negotiating. Top management from both sides know each other. You would never be able to get the best deals when this is the case Don’t just look at MAS. Look at even companies whom you know. Even in my previous company, I have come across many developers who would rather conclude deals with vendors they have known over the years instead of the most competitive one.

Over the years, MAS has accumulated way too much losses that even paying for interest would meant they are not operationally efficient. Many decisions could not be made because no one dared to make decisions which would meant the restarting of MAS. How many top management you know would be willing to tell the company that the whole company would have to shut down and restart and that everyone surplus would be fired?

With this delisting, many things can be done. Everything can now be focussed on effectiveness and efficiency. After a careful evaluation, staffs needed who is able to continue the growth can continue while those who are no longer needed should get the right compensation and be asked to leave. The new management can then start everything afresh. They thus can ‘cut all ties’ and now, everything would be based on efficiency and effectiveness. New staffs would be told of how to operate in a new environment and will start right from the first day.

Make no mistake. MAS has been a very safe airline up till the current two incidents which both were not due to MAS’s fault. Their stewardess are one of the best in its class. (just look at their awards). MAS is my pride and will always be so. My standard policy has always been to take MAS as long as its fare is less than RM200 more than Air Asia for the comfort. Thus, I seriously hope this delisting would help MAS make a strong comeback.

written on 11 August 2014

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Cutting jobs because of strong US$

First of all, I would favour a stronger Ringgit. I love travelling overseas and even around the region. I do not believe that investors would buy properties in Malaysia simply because of the falling Ringgit. There must be a more comprehensive reason including the liveability factors. Recently Ringgit has recovered a little compared to a dismal 2015 where together with its team-mate the Rupiah were the two worst currencies of Asia. Today (11 March 2016), Ringgit ended at RM4.086 to US$1. During the 1998 financial crisis, it dropped to as low as RM4.88 while in 2015, the worst point was US$1 to RM4.458  In 1998, Malaysia was really in an economic crisis. In 2015, the GDP grew 5 percent the worst crisis was that of confidence. Okay, what happens if the currency becomes too strong too fast?

Reported in many medias on 11 March 2016, in the United States, one famous company, Colgate-Palmolive Co announced that it would be cutting more jobs under an extended restructuring programme because of tough macro-economic conditions including a strong dollar. It will cut between 3,300 to 3,800 positions globally. I hope they cut at the right countries to really save enough costs. It has been raising prices to counter the impact of the stronger dollar. This has caused it loss of sales in regions such as Latin America which gives it the highest sales number. Besides that, the company said that it would cut costs on its supply chain and focus on expanding its commercial hubs.

Malaysia has many manufacturing hubs throughout the country. One chief reason why the multi-nationals from all over the world sets up their plants here was due to many investor-friendly policies and even availability of sufficient talent. Where costs are concerned, currency plays an important part because no one would want to produce in a country with an extremely strong currency and export to the rest of the world. It would not be competitive versus producers in lower cost countries or even the local export country itself. So, is this a dilemma? Well not really, as long as the currency goes on an orderly rise, the manufacturers should have more flexibility in adjusting. Let’s just say that as at now, Malaysia definitely have advantage over other regional countries. Of course, it’s best that Singapore can really work closely with Malaysia to face the world. Happy following.

written on 11 Apr 2016

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Cut prices please, Mr. Developer? Well…

This is an interesting view from a property industry observer about the property prices here in Malaysia. The full article is in
edgeprop.my here: Developers must cut profits to lower property prices.
  Basically, in order to reduce the price of properties, the developers must cut their profit margins. “This is the only component of development costs that a developer can control,” they told
The Edge Malaysia
. The reasoning is that many public-listed property developers are currently enjoying FAT profit margins exceeding even 20 percent. One example given was that of KEN Holdings Bhd with a net profit margin of 45.86% in its financial year ended Dec 31, 2017 (FY17) and 47% in the first half of its FY18. It showed a net profit that almost doubled from 29.9% in FY16 due to the completion of KEN Rimba Condominium 1 in the KEN Rimba township in Seksyen 16, Shah Alam.

Article also quoted the recent news about our
Finance Minister Lim Guan Eng who had urged developers to lower property prices as the Sales and Service Tax as exemptions from the tax on certain building services and materials are expected to reduce property development costs, failing which the waiver may be reviewed. Earlier article here:
SST exemption may not be permanent, IF
 Analysts however expect the
exemption to only result in 3% cost savings.This is an amount which is insufficient to rectify the current imbalances in the property market. “Developers are looking at cost savings of 1% to 3% from the tax exemption as some of the items are now taxed at a higher rate than under the previous tax system while others are exempted.” “It [affordability of homes] is a structural issue that cannot be solved just by giving tax exemptions on construction,” said an analyst at a local investment bank who covers property development companies.
Full article in Edgeprop.my here.

Image source: Edgeprop.my

Image shows some latest numbers from listed developers in Malaysia. Generally the profit margins are in double digits except for a few developers. I personally do not think the profit margin on an overall basis is a good gauge on whether the property developers should reduce prices. As a buyer, of course I would prefer the developers to reduce their prices but let’s understand that the profit margins stated are not based on a project by project basis but more of a period under review. It may also not be a good reflection unless the developer is only a pure developer and has just one project and has no other businesses. Perhaps someone could study what’s the actual profit margin by project basis for a much clearer understanding instead? A high density affordable project for example may have a lower profit margin per unit but may still be contributing a substantial number to the company while one smaller project may have a higher profit margin but this does not mean it can cover the losses from other less popular projects for example. Hopefully more good news for the market will be coming soon.

written on 30 Sept 2018

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Why do they say ‘cut rates’ will help the economy?

Please tell me. Do you feel relieved with the current moratorium of 6 months for home loans? From April till the end of September? Where we get to restart our mortgage payment only in October 2020?
Frequently asked questions on moratorium
  Actually, most Malaysians welcome the 6 months deferment. do. However, the current economic situation also meant that our Bank Negara Malaysia (BNM) also wanted to help to encourage the economy to move along. Thus, they have reduced the interest rates. Actually why do they say that when BNM cuts the rate, there would be more economic activities?

Lower interest rates, how does it help anyway? Let’s look at two ways.  First would be people with money. These are the people who have extra cash. The cash is also usually deposited into the bank on a long term savings. Since the rates are lowered, it will get less attractive to keep all their money in the bank.  They will now use some parts of it for investment.

This money which used to be kept in Fixed Deposit may now be used to buy some stocks from the BURSA. Thus, the BURSA gets a little push. When more people start to reinvest their money, the sentiment may just improve. This will then encourage people to spend more and the multiplier effects from all these would mean a higher economic growth.

Second would be people without money or people who may need the money. Let’s look at  businesses. Many times, businesses would need to keep investing so that the business could grow in the future. However, with cashflow being an issue all the time, they would need to borrow money if they wanted to grow.  So, if rates are high, they are discouraged from borrowing.

Now, with a lower rate, they may think it is a good time to borrow and to expand their business. When they borrow and expand, they will need to hire more people. The more people they hire, then more people would have an income to spend. When more people buy things, the sellers would then have to reorder from the manufacturers. The manufacturers would need to order from raw material suppliers. Suddenly everyone has money to spend! The economy grows.

Anyway, this is a very simplified way of explanation yeah.  So, is another cut in rates on the way? It seems so yeah. There’s this viral news about the possibility of rates being cut up to 75 basis points within 2020. Now that you understand why rate cut will help the economy, are you wishing for a cut or still think it’s better to keep the money in the bank then? Happy investing yeah.

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Cuts will continue. So, prices should stay strong or stronger?

When the leader for oil production says that it will maintain the cut for oil production and they will continue this until Q1 2018, this means they are serious in ensuring prices remain strong. Less oil, less supply and this meant that should demand stays the same, the prices would remain strong or stronger. Here’s one full article about their resolve.
Dailymail.co.uk: Saudi minister confident of oil cut extension
 Its (Saudi) energy minister said he is confident that the cuts will be extended to boost prices. He was quoted as saying that Russia will support this cut. He said, “We have full commitment from the Russian side, including President (Vladimir) Putin himself.” Currently, the oil prices hover around US$50 per barrel. If we still remember, it used to be over US$100 per barrel just less than 3 years ago, in mid 2014. Yes, as usual get ready for higher petrol prices when this happen.

In another news article in
 reuters.com: Oil rises on U.S. inventory draw as OPEC beckons
, it says that oil prices are rising because the U.S. crude inventory has continued to show a decline for the past 6 weeks. Of course, the US$ and the oil price goes in the opposite direction. When the US$ trembles, the oil prices would go up. In other words, if the US$ continues to depreciate with some internal issues, then oil prices should continue to rise. Let’s also note that the U.S. production for oil is increasing and is now at 9.3 million barrels per day which as per the article is already close to what Saudi and Russia top producers could produce. This also meant that if oil cuts are to be effective, then perhaps Saudi and Russia and other OPEC countries would have to do more. Perhaps do it over a longer period of time? Let’s note that if one side reduces but another side increases and the overall inventory continues to go up, then the prices is not likely to stay strong.

First of all, low oil prices does not mean everything is good. It could also mean that the demand for oil is low simply because most economies are not moving much. In terms of oil prices however, I do not think it will ever go back to those US$100 per barrel levels. The reason is because OPEC is no longer the only group that could control majority of oil productions in the world. The U.S. shale oil producers have proven to be extremely resilient. They did not disappear even when the oil prices was US$35 per barrel. I think it’s a good balance. Oh yeah, before everyone say that oil prices would remain low, do note that any sudden crisis, for example a war will change everything overnight. Happy pumping petrol.

written on 21 May 2017

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Cyberjaya for home is a good choice, I believe.

Nope, I do not currently stay in Cyberjaya. I also do not own any property in Cyberjaya or Putrajaya. I also do not current work within Cyberjaya. Then, why am I promoting Cyberjaya as a good place for home? I think it’s a simple question with a simple answer. If I personally like a place and I think there are people who may also love those few reasons that I love, then Cyberjaya is definitely a potential choice. The below are my personal five reasons. If you are currently a resident there and you have even more to share, please do comment. I think it’s about time we learn a little more about why
Cyberjaya for a home
.

Connecting everywhere (not just KL city centre) is easy.
Compared to some newer areas which are only in the development today,
Cyberjaya is already considered well connected
. Here are all the connections into and out of Cyberjaya.

Lebuhraya Damansara- Puchong (LDP)

North – South Central Link (ELITE Highway)

South Klang Valley Expressway (SKVE)

Kajang – Puchong, off the KL – Seremban Highway (SILK)

MEX Highway (KL – Putrajaya Dedicated Highway)

Enough choices for malls.
Not many would agree that it’s more happening in Cyberjaya than PJ, KL city centre or even Damansara. This is especially when we reach the evening time. They are right. Cyberjaya is quieter comparatively. There’s not too many cars, not too much jams and it’s great for a small family to have dinner without having to circle too long for a car park. However, where malls are concerned, choices are not limited. There’s D’Pulze within Cyberjaya, Alamanda in Putrajaya and even IOI City Mall within 15 minutes. Other upcoming malls include Radius @ Cyberjaya, Vita Cyberjaya, Galleria Cyberjaya, Skypark Cyberjaya, Tamarind Square and Gem in Mall.

Job opportunities.
Nope, it is not a must to find a job within Cyberjaya. However, it would not be a clever decision to buy at an area where there are not many job opportunities, whether within the area or nearby. Without employment opportunities, it is harder to make our “property buy” into a “property investment”. One day when we want to upgrade, it would be much easier to sell or rent out our unit too. There is an estimated 800 companies with 35,000 knowledge workers in
Cyberjaya
 and this helped the daytime population to reach 80,000.

Next to KLIA and KLIA2 and of course,
Aeropolis
.
 Many have asked me about how successful this Aeropolis would become. I only want to say one thing. When the developer together with the government cooperates and puts their energy into the same project, the chances for it to be successful has been far greater than when there are no such plans. I do hope everyone remembered how KLIA was criticised by some parties as being too extravagant when it was first mooted and that Subang Airport could have been expanded instead? I prefer to wish for Aeropolis KLIA to be successful, not just for Cyberjaya but also for the Malaysian economy.

Future proof?
 Yes, there will be a stop in Putrajaya for the upcoming High Speed Rail between KL-Singapore.
MRT Line 2
 is also called SSP which will connect a faraway place called Sungai Buloh to Serdang to Putrajaya too. Cyberjaya will always be next to Putrajaya and Putrajaya will be the government administrative centre for a long time to come. With the land prices growing every higher, rest assured that government will be looking to monetise and maximise their lands in the city centre. Guess where they would move the civil servants to?

Actually, there are many more reasons. Just google for “why invest in Cyberjaya’ and you would get what I mean. For me, these 5 is enough for me. Whether it’s the best choice remains debatable but Cyberjaya properties’ future, whether today and for the foreseeable future should be bright. In fact, Ms. Olivia Lim, the Chief Executive Officer for
88home.co
 said that from her interactions with the Chinese (China) investors, Cyberjaya is one of those choices they are open to buy. This is especially because they feel comfortable when they read the story for Cyberjaya thus far. In fact
88home.co
 has generated over 20,000 leads / inquiries for
 Sejati Residences
 on a monthly basis. Olivia also  shared that many Chinese investors continue to
warm up to real estate Malaysia.

Happy deciding.

written on 31st Aug 2016

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The slow but resilient luxury condo market in KL

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Cyberjaya, an update. May become even more successful yeah.  :P

Our 4th Prime Minister Tun Dr Mahathir Mohamad launched Cyberjaya in 17 May 1997. Yes, as at yesterday (10th May 2018), he is now our 7th Prime Minister. I think if Tun were to be officiating any events there in the near future, it would give a real sense of deja vu to him and everyone who worked together to make Cyberjaya a successful story. It
was once mostly oil palm plantations but today it was reported that 72 percent of Cyberjaya’s land has been developed, under construction or in planning stages.
Here’s that article in NST for your reference.
 Total size of Cyberjaya is 2,800 ha of mostly undeveloped land adjacent to Putrajaya which is Malaysia’s administrative capital. Let me tell you my recent experience with Cyberjaya.

I was supposed to run a half-marathon last week in Putrajaya’s Anjung Floria but due to some unforeseen circumstances, I could not do it. However, I had paid for a stay at a condo there and thus I proceeded with the plan to have a short break there. My kids enjoyed the pools thoroughly. (As if my current condo has no pools… Haha.)
This was the condo I stayed and I think it’s very strategically located too; Cybersquare.
 Everything was literally within walking distance even if it’s not right beside. In the evening, I met some friends and even at 130am, Old Town was still full of people. The road signs may not be that friendly to me yet but the roads are certainly well kept and I could see that it’s still very clean, unlike some areas within Greater Kuala Lumpur. Cars are plenty enough even though there were no jams on a Saturday. DPulze and even Alamanda was sufficiently patronised but its not full to the brim. I also did not see retail lots with the ‘Coming Soon.’ sign which is prevalent in many newer malls these days. Good sign I think that it’s successful enough as a cybercity.

Let’s also run through some other updates by the
K. Begum in her article in NST.
 She says that there are now quite a number of commercial buildings, residential blocks, offices for MSC-status companies as well as nine universities and colleges already established there. According to Cyberjaya’s master developer Setia Haruman Sdn Bhd, the town is today home to around 85,000 people and over 800 companies of which close to 500 are MSC status firms. There are today 20,213 completed residential units and 1,506 completed shops in Cyberjaya. Connectivity is also good. If one were to drive to KL using the Maju Expressway (MEX), it’s only 20 minutes away from Kuala Lumpur. MEX leads to the Elite Highway, from where drivers can then reach KLIA in another 10 minutes, while the South Klang Valley Expressway (SKVE) provides access to Port Klang. When it comes to public transport, there is the KLIA Transit (on the Express Rail Link network) serving Cyberjaya and Putrajaya via a station – Putrajaya/Cyberjaya. There is also the upcoming Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya (MRT SSP) line which will see two stations serving the area — Cyberjaya City Centre (near Limkokwing University) and Cyberjaya North (near Skypark @ Cyberjaya). Both stations are expected to be completed and operational by 2022. There are also a lot of other details for the
residential prices etc in the article for reference here.

What this tells us is that if we are thinking of investing in Cyberjaya, we should know why we are buying in the first place. Is it for own stay? Is it for the office workers in Cyberjaya who’s not staying there during the weekends? Is it for the tourists to Putrajaya, Cyberjaya or even the good food in Dengkil for example? There are many reports talking about the potential oversupply of units which may affect how we view an investment. If we are thinking of buying a unit and trying to sell it off in 2-3 years time, it may not work. If we are thinking of buying the units for AirbnB type of short term rental, it may actually work very well. I know because the place I stayed was well managed by the agent. I did not even get to meet him at all when I moved in and moved out! If we are thinking of buying to target the student populations, then buy as close as possible to such an institution plus must be near to all the cafes and lepak places too. After my one night stay the other day, I do think I will follow Cyberjaya a little more closely moving forward.

written on 11 May 2018

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Press Release: Daffodil Residency Is The Essence Of Modern Living At Bandar Alam Suria

IJM Land solidifies its reputation as one of the marquee property developers in Malaysia with the addition of Daffodil Residency at Bandar Alam Suria. It is proudly the latest in IJM’s growing roster of residential offerings that are exceptionally liveable while providing exceptional value to homeowners and investors.

Situated adjacent to the Suria Square commercial hub in Bandar Alam Suria (also known as the City of Leisure), Daffodil Residency redefines the concept of living with the three REs: REside, REvitalise, and REconnect at Bandar Alam Suria. Residents can enjoy comfortable living and also experience peace of mind, making it an ideal choice, especially for first-time homeowners.

Inspired by the Daffodil flower, which symbolises compassion, artistic expression, independence, and love, the Daffodil Residency aims to create a living environment that embodies these qualities. Similar to its namesake flower’s adaptability and ability to survive in less-than-ideal environments, the project seeks to provide residents with a dynamic experience rooted in versatility, compassion, and creativity with artistic touches.

The prime location of the Daffodil Residency at Bandar Puncak Alam, Selangor, offers undeniable advantages. The area is currently undergoing rapid urbanisation and experiencing significant population growth, resulting in an increase in job opportunities and demand for both permanent Residency and rental accommodations. Despite this urban development, Daffodil Residency is positioned as a tranquil haven away from bustling city life, reaping the benefits of its strategic location opposite the renowned 11-acre IJM Land Central Park.

The RM5 million in resources committed by IJM Land to Central Park demonstrates its commitment towards providing seamless accessibility for residents. Positioned amidst a harmonious composition of landed houses and high-rise developments, the recreational park’s design ensures that over 80% of its expansive green space is interconnected with the surrounding residential areas. This intuitive integration enhances the overall living environment, fostering a vibrant sense of community for both existing and new residents.

LIVING REDEFINED

Daffodil Residency offers a unique blend of modern tropical and classical design elements, creating a harmonious living environment amidst lush greenery. The thoughtfully crafted L-shaped structure maximises circulation area and incorporates unique architectural features, resulting in a visually appealing skyline when viewed from ground level. With an open and cross-ventilated concept, circulation is optimised, ensuring a comfortable living experience for residents.

Additionally, Daffodil Residency presents an affordable option with prices starting from RM 340,000 for a unit that’s 850 sq. ft. in size, featuring 3 bedrooms, 2 bathrooms, and a balcony, offers exceptional value in terms of liveability. Moreover, the development boasts a low-density layout, comprising only 354 units within its 7.88-acre land for the Phase 5A11, with a Gross Development Value (GDV) of RM124mil.

This practical structure consists of an 18-storey building, housing 14 units on the ground floor and 20 units on each of the remaining 17 floors. Homeowners will also be delighted with the array of facilities and amenities provided by IJM.

“Daffodil Residency fulfils a vital need in the community by offering modest housing options for newcomers, either individuals or families, who are attracted to the ongoing development in the area,” said Mr Chai Kian Soon, Senior General Manager of IJM Land. “This addresses the diverse housing needs within the area, ensuring that individuals from various income levels find a suitable home.”

Mr Chai emphasised, “Embrace a functional and practical layout complemented by well-designed landscaping, allowing residents to enjoy the beauty of their surroundings. Daffodil Residency has been thoughtfully designed to provide not only affordable housing but also a living environment that holistically integrates with nature. The carefully planned landscaping enhances the overall aesthetic appeal and allows residents to immerse themselves in the natural beauty surrounding them.”

COMMON GROUND

Here, the common areas assimilated into a beautifully landscaped courtyard, creating a peaceful connection with nature. Each unit at Daffodil Residency comes with two open car parking bays. Additionally, if you’re looking to go green, you can rest assured that the residence has incorporated a sustainable design concept and environmentally conscious construction practices, such as designated electronic vehicle (EV) charging bays. In line with the company’s commitment to sustainability, IJM Land has also proudly obtained a GreenRE Bronze assessment certification. Adding to the practicality, a central spine acts as the passageway on the ground level that connects all the in-house amenities and facilities for added convenience for residents during their leisure time while providing clear visibility to the main entrance. This design fosters a harmonious living environment against a serene green backdrop, with nature trails such as Bukit Cherakah or Bukit Botak just walking distance away.

Residents can enjoy a refreshing swim in the swimming and wading pool, jacuzzi, abundant outdoor spaces and also a gym and badminton courts for sporting activities. There is also a dedicated playground area for young children and the availability of a surau for Muslim residents. Safety is a top priority, with multi-tier 24-hour CCTV surveillance from the guardhouse onwards and six-foot-high anti-climb perimeter fencing.

Connectivity is a breeze, as Daffodil Residency offers easy access to major highways and roads, including Persiaran Mokhtar Dahari, New Klang Valley Expressway, Elite Expressway, Federal Highway, Guthrie Corridor Expressway, LATAR Expressway, DASH Highway, and the upcoming WCE Highway. This ensures seamless travel to Kuala Lumpur and other parts of the Klang Valley.   “

By offering a visionary solution to meet the surging demand, IJM Land creates a haven of housing options for young, single, and also married professionals seeking to embrace the vibrant growth of the area,” enthused Mr Chai.

Daffodil Residency is perfectly positioned to cater to tenants within the catchment area of esteemed institutions like UiTM Hospital and the University Campus. With its attractive location, Daffodil Residency provides an accessible and stress-free homeownership experience, allowing residents to immerse themselves in this burgeoning development and enjoy its many opportunities for work, life, and play.

The allure of Daffodil Residency perfectly encapsulates the essence of modern living, making it an irresistible choice for those seeking a seamless blend of comfort, convenience, and a thriving community.

For more information, visit
 www.alamsuria.com.my
 or the sales gallery at Bandar Alam Suria.

-End-

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Dahlia Sari @ Saujana Perdana: A 22 ft x 75 ft home with ample space, relaxing and comfortable design and pocket friendly, still.

[Sponsored Post] COVID-19 made many property decisions change. Just before I COVID-19 arrived, I visited a few landed developments in the suburbs. There were still many choices. When I visited them again just before Movement Control Order (MCO) 2.0, most of these developments have already sold all their units and some informed that their next phase would be launched in the near future. What has happened is that purchasers were buying based on needs and no longer for speculative purpose. If they need a place to stay, they will still need a place to stay with or without COVID-19.

In fact, I have a few friends who have purchased homes in suburbs and my close friend who’s a real estate negotiator based in Selangor told me that potential purchasers’ enquiries for landed homes have increased versus before COVID-19. In fact, beyond just the worry about having too high-density or the need for social distancing and lots more space, when it comes to properties, these few key points should always be in our consideration too.

Space will always be a premium.
 Do you think of the availability of space as a necessity? Someone who’s still a single would prefer a 500 sq ft unit versus a room, if he could. A married couple would prefer a lot more space than just a 500 sq ft one room unit. Everyone needs their ‘me’ time too. A household expecting a new baby and buying a home may want to start with more space, more comfort versus shifting to a bigger place later. This is why when we buy, the more space we could, the better it would be.

Image: Dahlia Sari two-storey terrace homes

Multi-Generational Homes:
A home can be a home for many generations
.
 Let’s understand that moving a home is not just a big project, it will also be an emotionally tiring one too. The choice may be a smaller high-rise unit nearer to the city centre or a bigger landed home in the suburb. For a family, go for a home which could be a home for many generations.

For households where the grandparents would have the option of living with the children and being taken care of closely it will be much better to have extra room(s) because it is a happy occasion for family gathering.

Price, Size and Distance.
Deciding on a property is not an easy decision but it is not a complicated one. With the demand and supply equation, if we like to buy very near to our office in the city centre, then the home will need to be of smaller size, usually 1,000 sq ft or lower. Please be prepared to pay a higher price per sq ft too. If we want to own a larger unit (80% bigger), usually 1,800 sq ft or bigger, then we need to move further away from the city centre. Price could be lower and we could enjoy a more comfortable sized home too.

Buying from an established developer.
Purchasing a home meant that it would be a decision of a few hundred thousand ringgit. It’s easily 10 times the price of a typical car. This is why it would be good to check out the developer who’s building the project and make sure it has a long history of building homes. Let’s be very honest, there are definitely still a possibility that some unforeseen and unprecedented circumstance may cause financial distress to any developer but when we buy from an established developer of over 30 years, then the situation for our many hundreds of thousand investment will be safer.

Dahlia Sari, a thoughtful choice
   Let’s look at the offering from a
32-year old developer; Glomac Berhad. it’s also a profitable public listed company too.
 The project is Saujana Perdana which is located within the Saujana Utama township in Sungai Buloh. The focus is on Dahlia Sari Double-Storey Terrace home and the price starts from RM528,800.

Dahlia Sari Double-Storey Terrace home. Sizes range from 1,815 sq ft to 2,175 sq ft.

Other Features and the distance from Kuala Lumpur:

Easy access via Guthrie Corridor, LATAR and NKVE Highways
Only 36 km from Kuala Lumpur
Mature neighbourhood with built amenities such as primary and secondary schools, police station, mosque, club building, petrol station, fast food restaurant and supermarket
Quality finishing

Actual routes, km and the duration via google map as below.

Source: google map

Nearby amenities and housing developments (distance)

Commercial Centre – SU Mall with a 50,000 sq ft supermarket (2.7km)
KFC (2.2km)
McDonalds (6.6km)
UITM Puncak Alam (7.2km)
Sekolah Rendah Agama Saujana Utama (2.6km)
Sekolah Kebangsaan Saujana Utama (<1km)
Hospital UITM (5.2km)
Hospital Sungai Buloh (27km)
Elmina Green (4.8km)
Desa Coalfields (10.2km)
Restoran Isyar Laleh SEAFOOD (4.7km) *rated 4.7 / 5 in Google Reviews

Home Sweet Home conclusion.
It is not hard to pick up the phone and ask more questions. In fact ask many questions so that you are sure this is a home you would like to make it your home sweet home. Buying a home sweet home is not like buying a new smartphone. The former gives you potential capital appreciation after years while the latter gives you a WOW from colleagues for a few days. Happy buying

Contact Details:
Call them at: 03-6038 5888

Email:
centralmarketing@glomac.com.my

Product Page :
https://www.glomac.com.my/project/dahlia-sari/

Facebook Page:
https://www.facebook.com/glomacberhad/

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 A home within a neighbourhood with everything you need. (including connectivity to the world… by flight)

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Damansara North? Glamour name for Damansara Damai

Although I think positively of Damansara Damai a lot since I am staying there, I did not want to write too much about it. In fact it’s a tough time answering questions such as, ‘where is Damansara Damai?’ ‘It’s a big jam right?’ or even ‘It’s so far away, do you have to wake up very early?’ Few days ago, TheEdge Property did a long article about Sri Damansara and Damansara Damai. Since they have written, let me summarise some of their points and will add a few points since I have now stayed in Damansara Damai for the past 1 year and a half. Before Damansara Damai, I stayed in Kelana Jaya. Their article started by reiterating the most important rule in property investment; location. A great location is one that is close to an urban centre and has great connectivity. It should also be mature enough and yet still have room for growth. It then said that in the Klang Valley, only a few areas could fulfil these criteria. They are Bandar Sri Damansara and Damansara Damai, also collectively known as Damansara North. At least now, one well-known publication agrees with my views too.

Other summaries:

Damansara North is 10km away from the well-established PJ

8km from growing Sungai Buloh. (Yes, RRIM too for future proofing)

 Linked by several highways – Lebuhraya Damansara–Puchong (LDP), Kuala Lumpur Middle Ring Road 2 (MRR2), New Klang Valley Expressway (NKVE), Kuala Lumpur–Kuala Selangor Expressway (LATAR)

Average price slowly moving upwards; RM214 per sq ft to RM298 per sq ft today.

Damansara Damai is next to Jalan Sungai Buloh to the north, Sutera Damansara to the south, Bandar Sri Damansara to the east and Saujana Damansara to the west.

Damansara Damai offers more low and middle-cost high rises

Damansara Damai has ONLY one exit, causing a serious traffic jam in the area.

Lots of choices within RM150,000 – RM200,000 in basic walk-up apartments today in Damansara Damai.

More developers are coming in, including OSK Property Holdings Bhd with a 100-acre gated residential development called Sutera Damansara.

Jaya Megah Building & Engineering Sdn Bhd is coming up with The Zizz, a 26-storey residential development

In future, there is the Damansara Damai (MRT) station

Two more within Damansara North include Sri Damansara West and Sri Damansara East.

New MRT Sungai Buloh line is only a few kilometres away.

Upgrading of Jalan Sungai Buloh and the Kwasa Land development (Kwasa Damansara) in Sungai Buloh.

Rental yields for high-rise homes in Sri Damansara ranges between 3% and 4.9%,

Rental yields for Damansara Damai ranges between 4.5% and 7% in Damansara Damai. (Higher than FD…..)

This yield may drop as there are more incoming supply high-rise units.

Let me tell you my usual schedule on a weekday if I do not go to the gym earlier. My office is somewhere in Jalan Sultan Ismail. My alarm clock is set at 655am. After a shower, I leave my home at 720 am. I take the NKVE, exit at Duta toll and then take the Jalan Parlimen to arrive in my office at between 820 – 830 or earlier, most of the days. Please tell me if there are any other awesome areas (10km away from KL city centre) where people can leave at 720am and yet not face a worst jam than me leaving my Damansara Damai home? Actual distance I travel one way? 22km.  The point I am making is NOT to say who has worst traffic. I am telling you that despite 22km away, the time I take versus the much closer areas are not too different. Not forgetting, at lower price points too.

The Edge Full article here:
Damansara North ready to shine.
 As for buy or not, do not worry, there are lots of other areas that everyone should consider. Especially for those who just love the usual areas or places where the distance is nearer than the 22km mentioned above? Happy reading and investing.

written on 12 Dec 2015

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Armanee Condo @ Damansara Damai, after 2 months

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Upcoming talk. Top 5 reasons to buy into Damansara Utama’s potential growth

Property Investment is not an easy decision these days. Furthermore, it’s not like buying a fish in the market. Thus, due diligence is needed and it’s always good when someone prepares many slides to share with you about a potential area. Yes, that person is me and I am preparing many slides to share this coming weekend on 8th May.  The area is Damansara Utama.

In case everyone is wondering where is Damansara Utama, it’s that piece of land with these neighbours. Bandar Utama (BU), Taman Tun Dr Ismail (TTDI), Mutiara Damansara and Kota Damansara. Of course, we should also note forget that it’s merely minutes away from Kelana Jaya as well. What else do you wish to know beyond these neighbours?
Register here to listen and get a free gift too.

How about the following?

1) Importance of connectivity (whether expressways or MRT, LRTs)

2) Amenities (one of the most important factors for people today, including older folks like me too)

3) Commercial Attractiveness

4) Future potential

Details of the FB Live Session:

Date: 8th May 2021 (Saturday) @ sharp 12 noon

FB Live at Glomac Berhad’s FB page
.
 Click here to register for free gift if you listen and learn.

See you soon and please do ask questions yeah. Thank you for dropping by.

If you like to have a
copy of my slides, do register here. (click)
Thanks.

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Dangerous, when property turns unaffordable

The day when no one could afford any property being put up for sale would be the day the property market collapses. Just imagine 100,000 units on the market and not even one is sold… Panic sets in and selling low starts. Likelihood of that happening? Hopefully not but seriously, who would know? Based on current numbers, well, unlikely. That’s true even for the US. Here’s what a powerful American lady said recently.
Yellen: Next financial crisis not happening during our lifetime

When we worry about the property market’s direction, look at those markets which are more advanced than us. Markets where the population is already used to paying higher and accepting ever smaller units. Here’s an earlier article:
Buy a Tesla or buy a micro=flat? Both similarly ‘sized.’
 In fact what my staff told me was that most Hong Kong fresh graduate has already resigned to the fact that they may never be able to get a property. Yea, I heard some young Malaysian friends saying the same thing too.

Here’s one latest article about the state of the Hong Kong property market. It’s DANGEROUSLY high. Here’s
that article by Bloomberg in TheStar.
It says that first-time buyers are struggling to buy a unit within the world’s priciest market. (No, it’s definitely not Singapore, when it comes to property, even after conversion) According to Centaline Property Agency, the number of new flats smaller than 431 sq ft has increased to 1,400 and may rise to 2,000 units by year end.

Financial Secretary Paul Chan has cautioned of a “dangerous situation” after repeated efforts to cool the market. Despite the small size, the ‘affordable’ price of HK2.8 million (RM1.53 million) meant that 82 out of 95 units launched in Sham Shui Po was sold. Bocom International Holdings Co. analyst Alfred Lau sums it up by saying. “It could be dangerous when these small flats are unleashed onto the second-hand market after the demand is filled up in the next three to five years.”
Full article here.

Remember, the most dangerous thing that could happen to a property market is when a bubble bursts. A bubble an only burst when it could no longer be supported. Thus, just look around. When no one could get their loans approved because their salaries are just too low for the property price they want to buy, it’s about time to worry. I joined a meeting of real estate agents this week. The property market is still full of ‘opportunistic’ buyers.

My close friend also shared with me that a condo she wanted to buy was also eyed by another buyer. She has offered her price. I hope she gets it too. She asked, ‘I thought market is slow?’ I told her that even if
 transaction numbers are showing a downtrend
 but the number of transactions continue to show that there are still a huge group of buyers. Perhaps the only missing group from the transaction numbers may be the first time buyers who are more worried and less daring. Happylooking around and understanding.

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written on 3 Aug 2017

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Think. Why first time home buyers need help

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Lack of data, true. Information would be better.

It’s tough to obtain data, especially with regards to the property market. It is usually released to only a select group of people (usually does not include me) and these groups of people may either be powerful media houses or perhaps those who are willing to pay money to get those thick copies of reports. Depending on the purpose of their organisation, they would then repackage those data into an easy to understand information and then release to the public or their readers or subscribers for example. So, we would get some information which says that the market is in trouble because of serious oversupply but many may omit that most of the oversupply are due to units above RM500,000.

We even have reports saying that some states have the highest number of unsold units in percentage but the truth is, some other state may have a higher number when it is broken down into affordable residential. There are even reports of unsold affordable units below RM400,000 in some state but when we really do a research, that place do not have that many people earning more than RM5,000 per month. In other words, there was NO RESEARCH done before the units were built! Anyway, there’s a recent article from EdgeProp.my which quoted the
Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS)
who said that the current oversupply problem was caused by the lack of data. So, the developers may not have the best idea on where to build. In the end, they built at wrong places.
(No comment on why insufficient research was done before those units were built but I agree with the lack of data; the good ones)

PEPS further stated that in fact the data has to be timely and accurate but it is not at this moment. It said, “For the local authorities, poor coordination amongst them on data of the development approval within the same neighbourhood resulted in duplication of same developments within the same neighbourhood. On the buyers/investors, most of the purchases or investments were done blindly based on herd instinct.”
(
Buyers, please be aware that developers may not have the best idea
about their developments. Please do our own research as well before buying that half a million ringgit home or for some, close to half a million ringgit homes)
  It further said that other issues include even ARTIFICIAL DEMAND.
(This is a very serious matter my dear buyers. Please know
what you are buying and not buy because someone said it is really worth buying..)

That full article has more things, do read it here.

Hopefully after some important ministry reads this article, they would send me a copy of any data they have. I can share with my readers too.  After all, reading news in kopiandproperty.com is free. 🙂  Alternatively, do invite kopiandproperty.com and I am very sure I can send someone over to take some notes too. Happy hunting for data and hopefully turning them into information for the benefit of buyers. Property is something way too expensive to be buying the wrong thing. Restarting is going to take like.. forever? Happy searching.

written on 28 Nov 2017

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Famous property quotes from around the world

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