Investment decisions based on the GE? Hmm…

This is something close to my heart. Frankly, companies should just do their very best in what they do and not wait for ‘crumbs’ (favour) from anyone at all. There are certain counters in the stock market that usually goes up just before the general election (GE). Analysts would tell you that these counters are ‘related’ to some political party and that’s the main reason for its movement. When we take a step back and think a bit, does it mean that should the general election goes in a different direction, this company would have to shut down? Or that its business would be badly affected? If the general election goes towards the right direction, this company would continue to do well and that all other external factors would also be to its advantage? Including foreign competition? Well, if this is the case, then this kind of company ought to be skipped by normal people like us.

Fortunately for many of us, Warren Buffett demonstrated that we do not somehow need to be connected to any insider before we can buy a good stock. He graduated at the age of 19 and his investments have gone through 13 different Presidents of the U.S.  The current President Trump is the 13th and his investments are still going strong. He is 88 this year.
Here’s some info about him.

In a book by Robert G Hagstrom entitled The Warren Buffet Portfolio: Mastering the Power of the Focus Investment Strategy, the author said this about Warren Buffett. “His choice rests on a notion of great common sense: if the company itself is doing well and is managed by smart people, eventually
its
 inherent value will be
reflected in its stock price
.” In brief, when we buy a good company with good leaders and a viable business, it is only time that its value would be reflected in its stock price.

Coming back to property as an investment or property as a place to stay. Whether it’s before the GE or after the GE, a good location would remain a good location. That condo next to a mall that you fancy today would still be next to a mall after the GE. Some say property prices would rise after the GE since there’s no longer any uncertainty. Some say that the current ‘slightly more positive’ sentiment in the property market is because of the GE and that after the GE, things would be slow again. Some would point out that certain areas may become more developed if some politicians from that area is elevated to a ministerial position. Perhaps they are right. Perhaps we should really follow the GE as a guide to all our investment decisions. All the best to everyone who’s investing, whether they follow the GE or just
 asking themselves WHY instead.

Remember yeah, it’s always the best to start investing early, it’s usually better to buy and wait versus wait to buy and it’s always a
 calculated risk when we buy things objectively

instead of ‘politically.’

written on 13 Feb 2018

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Investment in Bank Notes with special serial numbers, interested? Why not?

How about investing in bank notes with special serial numbers? In developed markets such as SIngapore, Australia or even UK, the auction of bank notes is a normal affair and lots of collectors bid against each other for them. The value of a well kept note with special serial number continues to rise and collectors are increasing. Imagine yourself owning a piece of the very first bank note ever issued for RM100 in Malaysia with the serial number of 00000000001. What’s more amazing is that the designs on these notes continue to change over the years. Have you ever seen the older bank notes by Bank Negara Malaysia? I meant, VERY OLD ones? the RM10 note is $10 and the word printed is ‘SA-PULOH RINGGIT’ Take a look here. These banknotes changed hands in an auction in Singapore recently.

Second question, how do you know if these are genuine notes? Don’t worry, you would not need to go to any back alleys to get them. In the first auction of its kind, Bank Negara Malaysia would be holding an auction of Malaysian bank notes with special serial numbers on 27 September. It is open to the public and it will be held at the Sasana Kijang Auditorium. This auction would be handled by MNP Auctioneers (Central) Sdn Bhd (MNP). You can view more information here:
http://mnp.com.my/product-category/banknote/
    This would be an event open to all and even if you are not a collector today, there’s nothing to stop you from dropping by to view the auctioning of these special bank notes.

Oh yeah, an additional information just for you. The MOST expensive bank notes belonging to an Asian country ever auctioned belonged to the Malaysian bank notes. It was auctioned off at an amazing ££115,100 which was four times its original estimate and broke Spink’s record for the most expensive Asian banknotes ever sold at an auction.

From Spink News: The banknotes were a gift presented by Ismail Mohd Ali, on behalf of the Board of Governors of Bank Negara Malaysia, to the (fourth) King of Malaysia, Tuanku Ismail Nasiruddin Shah. They are preserved in a blue leather presentation album with the title Bank Negara Malaysia and arms in gold on the front cover. The folder contains the following: 1 ringgit, blue and multicoloured, 5 ringgit, green and multicoloured, 10 ringgit, blue and multicoloured, 50 ringgit, blue and multicoloured and 100 ringgit, purple and multicoloured, all ND (1967), serial number A/1 000001, all with portrait of Yang Di- Pertuan Agong, Tuanku Abdul Rahman, first King of Malaysia, at right, all are signed by Ismail Mohd Ali, value at centre and at each corner, all notes are mounted in card with gold border. There is also a second presentation album containing 1000 ringgit, ND (1968), serial number A/1 000001, purple and multicoloured, portrait of Yang Di- Pertuan Agong, TuAnku Abdul Rahman, first king of Malaysia at right, signed by Ismail Mohd- Ali, value at centre and each corner, mounted in card with gold trim.

According to reliable sources, some bidders would be flying in from Singapore for this bidding and many inquiries were received when the news about this auction was announced.

written on 17th Sept 2014

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Investment? Forget physical address, get an online address instead.

We have always been focussed on real estate built from the ground up. Whether they are landed properties or high rise homes, they are physical, real and you can touch them. Actually, there’s one more real estate that we couldn’t touch BUT can be extremely profitable if we somehow managed to get a good one and keeping it ‘occupied’ until a potential new owner decides to buy it from us. It’s a domain name. The best would be to make it so successful that people actually wanted to buy it from you for a good price.

An online website is how the world finds you. Just look at some of those which are more successful like
kclau.com
 (Personal Finance) or
paultan.org
 (Cars) or even
kiddy123.com
 (kids education) as well as the many foodblogs which are so popular that there alerts of banners being advertised within their sites! They focussed on something that people wants to read and this would continue to give them the wings to fly. From my personal experience with
kopiandproperty.com

I think it’s safe to say that if the content remains relevant, the number of readers would slowly increase. This number would be your greatest capital when you look for potential companies who may want to take advantage of your website popularity to launch a new product instead.

Majority of everyone of us would have something we are interested in. The only thing we lack is discipline to keep learning and sharing it with the world. It used to be tough. Today, a website address with a good content can be quickly shared. Visits can quickly increase and before you know it, you have built another stream of secondary income? Just look at some of the successful real estate agents, they even have their own websites. This makes them stand out from the crowd. Read even more and perhaps the next address you want may not be on the ground but up online. Happy finding one.

written on 3 Mar 2016

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Top 3 cities for investment property in South East Asia

According to an article in
Huffington Post dated 6 Oct 2016
, their top three best investment property cities in South East Asia are as follows: Chiang Mai, Thailand. Kota Kinabalu, Malaysia and Davao City, The Philippines. Guess which of these three that I have a high-rise unit? Yes, definitely the one in Malaysia. Haha. I still believe that there are sufficient diversity in choices even within Malaysia and will continue to treat my home country as my first preference. To those who are now scratching their heads as to why the article did not state the other cities such as Jakarta or Kuala Lumpur even Bangkok, well I think everyone is entitled to their personal preferences.

Why did Huffington Post say about Kota Kinabalu (KK)? It’s one of the fastest growing cities in the region. It has lots of natural attractions.Thus, KK is both a city and a town. Besides the shopping there are many beautiful attractions and lifestyle is not as fast paced as that of the capital city. Besides, KK is a great place for foreigners looking for a nice vacation. Cost of living is quite low and thus expect a good return of your investment plus saving the best for last, KK has an awesome sunset view!

Why did I buy in KK some years back? It is the capital city of Sabah and virtually all my wife’s friends / classmates who intended to work outside their hometowns in Sabah would make KK their first choice for work, followed by KL or Singapore. Yes, my wife is a Sabahan. So, I could see it growing continuously due to the net migration from smaller towns into KK.

Second reason was because KK is loved by many visitors, whether local or overseas. KK International Airport is still the second busiest airport in Malaysia as at end of 2015. (As per
Wikipedia
, image attached) Yes, it is ahead of even
Penang InternationalAirport
 which many would think is the second busiest after KLIA.

Third reason was because of a
good potential rental market
 as well as the affordable property prices. I think the prices are still considered affordable when we look at a comparison with even KL or Penang. However, rental market wise, it would no longer be that easy as there are more high rises these days. Perhaps AirBnB can bean option?

Yes, you can see that what Huffington Post wrote just days ago do mirror my reasons for buying KK many years ago. I think it would continue to be true for some time more. The only caution? Fly there and really understand what you are buying instead of relying on one article from Huffington Post or even a short article from kopiandproperty.com Unfortunately property investment is never as easy as 5 minute article reading. Happy visiting. By the way, I will climb Mount KK for the second time next June. Image from
mountkinabalu.com
 attached. A little old but will do my best.

written on 11 Oct 2016

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An Investor Roadmap to Asia Industrial Property Opportunities.

I read the analysis by Colliers Insight. I think it’s a good report for our reference. While it focusses on Hong Kong, Singapore and China, I think many of the contents are applicable for our understanding about the commercial / industrial property as well. Please do refer to their release as below:

— start —

Today we released our latest Colliers Insight report –
An Investor Roadmap to Asia Industrial Property Opportunities
.

In this paper, we examine the rapid and ongoing evolution of industrial and logistics property in the region – with a special market focus on Singapore, Hong Kong and China – and the potential this will unleash for investors seeking to boost the strength and resiliency of their portfolios.

Key highlights from the paper include:

The industrials and logistics sector has grown due to connected technologies; a burgeoning consumer class; a surge in e-commerce; growth in dedicated business parks; development of logistics facilities; and the proliferation of data centres
COVID-19 has accelerated trends in the sector; key shifts include the emergence of a lockdown economy, embracing new technology to enable remote working, a drive to scale up network infrastructure, continued data centre development, robust demand for logistics assets, and upgrading of aging industrial properties
Adoption of an omnichannel approach, deploying emerging tech to smooth the consumer journey and 5G creating new connections will drive several trends in the development of, and demand for, logistics and industrial assets
The main implications for the sector regionally include: growth in ‘hub and spoke’ facilities near urban locations; emergence of ‘flex’ warehouses; and focus on future-proofing facilities
We recommend that in the near term investors look at industrial assets in emerging consumer centres, consider the possibility of conversions, look beyond top-tier markets and explore data centres

The full report is available for download here.  (click)

Happy reading and learning.

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Property Market Outlook and Investor Sentiments During Pandemic

In this webinar, I will be sharing my thoughts about the property market outlook as well as investor sentiments during the CURRENT pandemic. My thoughts would be as someone not from the developer, someone not from the real estate agency, someone not from the banking industry but is someone who has kept writing for the last 7.5 years. Hopefully relevant enough to all the potential property investors yeah.

Due to my age (not that young but not old enough yet), I have gone through the 1998 ASEAN financial crisis as someone struggling to find a decent position having just graduated, gone through the 2008 Mortgage Crisis (somehow managed to think objectively during then) and currently, the COVID-19 pandemic where if someone asked if I purchased a property in 2020, my answer is a Yes.

Do keep the date (13th March 2021 which is a Saturday) and the time (330pm) as per below posted. It’s free by the way. Register here:
https://mcm2021.cloudexpo.my

Happy listening and please do continue reading kopiandproperty.com

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Investors Make Up 81% of Residential Property Purchases in Klang Valley in 2020; more than first time home buyer.

PRESS RELEASE
:
Investors Make Up 81% of Residential Property Purchases in Klang Valley in 2020; Records Highest Number of Subsale Transactions in 5 Years

Kuala Lumpur, 9 June 2021:
According to MyProperty Data, Malaysia’s largest online property data company under PropertyGuru, investors make up a majority of residential property purchases in the Klang Valley in 2020 at 81.1%, and they are increasingly turning their attention towards subsale properties.

Joe Hock Thor, Managing Director, MyProperty Data shared, “The subsale residential property market in Malaysia has seen steady growth in the last few years, and this upward trend is further accelerated by the effects of the pandemic. There is a rise in overall interest in the secondary market as some property owners are selling their assets at lower prices to maintain liquidity, creating opportunities for investors to acquire them below market value. The Real Property Gains Tax exemption has also driven some investors to cash in their existing assets and make a profit. This is reflected in the spike in the average number of subsale listings tracked on PropertyGuru.com.my, which grew by 21.3% between 2019 to 2021.”

Investors Overtook First-time Home Buyers in Number of Property Transactions

The economic downturn in 2020 has led to a 47.2% drop in total number of residential property transactions in Klang Valley. However, the impact is largely seen among first-time home buyers, which used to comprise 55.5% of total property purchases in the area in 2019 but has since then dropped to 18.9% in 2020. Meanwhile, appetite for residential properties in the area remains strong among investors, with a 36.6% YoY increase in investor activity from 2019 to 2020.

This change in trend could potentially be attributed to first-time home buyers being more wary of the current situation, with complications and challenges presented by COVID-19 spurring them to take a wait-and-see approach, as purchasing a home can be a major financial decision for this segment of buyers.

This is further backed by findings in the
PropertyGuru’s Consumer Sentiment Study H1 2021
, which found that 58% of Malaysians aged between 22 to 29 – the age of most first-time home buyers – shared that they are deferring their property purchase by 1-5 years due to the impact of COVID-19 on the economy, employment and income.

The Impact of COVID-19 on Types of Properties Purchased

The economic downturn last year has affected both new development and subsale residential property sales in Klang Valley, seeing a YoY drop of 64.9% and 41.1%, respectively. The steeper decline in new development property transactions could be due to delays in new project launches, as construction progress was affected during the first Movement Control Order.

In 2020, the property market in Klang Valley recorded the lowest new development purchase in the last five years, with a 90.6% and 38% YoY decrease in the number of transactions made by first-time home buyers and investors, respectively. On the other hand, the total number of transactions in 2020 for subsale properties was the lowest for first-time home buyers (79.4% YoY decrease), but the highest for investors (9.6% YoY increase), in the same five-year period.

This change in purchase behaviours is more prominent among landed properties. Between 2016 and 2019, the landed property transactions from subsale and new development properties are split at approximately 70% and 30% respectively. This has shifted to 84% and 16% respectively in 2020. Meanwhile, for high-rise property transactions, the split between sub-sale and new development properties have remained consistent at around 80% and 20% respectively across the last five years.

COVID-19 has undoubtedly impacted both the real estate market and property purchase trends in Malaysia last year. For aspiring first-time home buyers who have the capital but are indecisive in taking the leap into home ownership, they will require more enticement from developers and the government alike.

Joe said, “To help spur the industry and to increase home ownership, there need to be greater incentives offered to first-time home buyers – be it attractive rebates from developers or assistance from the government. We are pleased to hear of the government’s recent decision to extend the residential home stamp duty exemption scheme under the Home Ownership Campaign until this year-end, as we believe this will not only help to reduce the burden of home buyers, but it can also help to support the sector’s recovery.”

“Separately, the pandemic has presented a prime opportunity for investors to capitalize on the discounted prices of properties, the various incentives available, as well as the current low interest rate environment to pick up quality assets for the future. With properties often considered as a hedge against inflation, these assets may offer a long-term boon with the eventual market recovery and stabilization,” he added.

— end of press release —

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IOI, Affordability in Bangi

I like IOI Properties. The reason is because the condo I bought from them in Penang gave me a very good home for 6 years and I recently sold it for a very good profit. Thus, I consider them to be a good developer. Of course this is very  personal and depending on circumstances too because I have a friend who said their design are not current enough (in other words, old fashioned)! Perhaps they may change this perception with their latest project, Bandar Bangi. Before we look further, first question is do you know where is Bangi? If yes, that’s good because I think majority would know where Bangi is. Second question, are you buying your first home? If you answer Yes, the final question is can you afford to pay up to RM450,000 for one unit? You can view Almyra which is serviced apartment unit with a minimum built up of 969sf and prices starting from RM360,800. Then, why did I mention RM450,000? Well, they do have slightly bigger corner units for close to that price. For the price and the slightly further distance, I think this project is not too bad. The whole development is still continuing too.

Bandar Puteri Bangi township is a 370-acre freehold integrated mixed development. Yes, this is considered huge. Nearby areas include Putrajaya, Cyberjaya and even KLIA making it not really out of touch with the world. Yes, Bangi always have that feeling that it’s so far away but come on, if you work in not too far away areas, this is suitable for you. Buying for rental? Buying for investment to sell after the key is handed over? Well, for these two reasons, Bangi may not be your top choice. I would prefer Kepong or even Sungai Buloh instead. Note, this is just a personal choice. No one can say which area is the best because no one is like you and me. Are we buying because of our reasons or because someone said we should buy? 🙂

There would also be a 167 acres commercial centre and this would offer a lifestyle of dining, shopping and entertainment choices including alfresco dining, street cafes, quaint boutiques and hypermarkets like Tesco. Not bad lar, pretty established within the next eight years. Landscapings are based on concepts such as California Street, Tropical Street and Art Street and it will  be complemented by tree-lined boulevards, lush flora and spectacular panoramic views. All these are known as the The Streets of Dreams which is actually a system of parks, paths and open public spaces. This allows busy and modern people staying there to still feel the greeneries and nature.

Other projects which are for richer people and those with bigger families include Kubica Square priced from RM1,525,800. It is a three and four storey shop-offices with a built up of 5,237 – 17,465 sq ft.  There is also The Terrress, a two storey superlink house with a built-up from 2,510 sf and priced from RM728,800. Take a look, no harm if you are buying your first home. Happy viewing.

written on 15 Jan 2015

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IOI and 101 – Deal off.

Since I wrote about this
earlier
, today is a conclusion. IOI’s proposed purchase of 101 Taipei is off. Yes, they proposed to buy 37.17% stake in Taipei Financial Centre, better know as Taipei 101, for RM2.74 billion from its owner, Ting Hsin International Group. Earlier, negative signs were already showing when the government (Taiwan’s Finance Minister Chang Sheng-ford).as well as the opposition parties all were very vocal about Taiwan losing control over its Taipei 101. In fact this time, the deal was off because IOI simply did not want to extend the three months period to obtain the approval from Investment Commission (FIA) of Taiwan which expired on March 5. IOI said that it will now, “In accordance with the SSA, the company will now proceed to obtain the refund of the deposits paid by IOI Properties.”

I think a few people would be disappointed. I do not think IOI would be the one most disappointed. This is what happens when everything got mixed up together instead of everyone able to think objectively from a business point of view. 37.17% is nowhere near 50%. Even if they were to try, they would not be able to exert control. However, allowing them to buy would have allowed investment to flow into Taiwan and the seller may be able to use the money to do something else which ultimately benefits the company and the country in the future. Alas, the thinking is again along the lines of loss of votes and the decision is based on popularity and not free economy as espoused by many in developed nations. Oh yeah, Taiwan is not the only one. Australia, USA and many other advocates of freedom of intervention do it ALL the time.

Well, now IOI has more options to evaluate. Hey, perhaps they may just launch more projects faster? I think in the near future, Taiwan is definitely not in their mind. Oh yeah, IOI had also earlier announced that it has no interest in seeking management control but I think this was overlooked totally. To anyone who believe that only certain countries stop investments, think again. All these are always based on public opinion as well and Taipei 101 happened to be a national icon, that’s all. Happy reading.

written on 5 Feb 2015

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Upgrading and expansion of Bandar Puteri Puchong interchange

All of us have heard of the three magical words for property investment. Location, Location and Location. I personally subscribe to Connectivity and Objectivity instead. I think Puchong is an extremely popular place for many of my colleagues. One told me she would never move away. So, if you are thinking about Puchong as a potential for your new home, get to know some of the happenings yeah.
Press Release by IOI Properties Group Berhad for Bandar Puteri Puchong.

IOI Properties Group Berhad (“IOIPG”) will be carrying out upgrading and expansion of the Bandar Puteri Puchong interchange, aimed at enhancing the connectivity of the township and improving traffic flow between Lebuhraya Damansara Puchong (“LDP”) and Bandar Puteri Puchong. In conjunction with this, a groundbreaking ceremony was officiated by Yang Berhormat MP Puchong Tuan Gobind Singh Deo, Yang Berhormat ADUN Kinrara Tuan Ng Sze Han, and IOIPG Chief Operating Officer, Mr Teh Chin Guan.

Also present was Yang Berbahagia Timbalan Yang Dipertua Majlis Perbandaran Subang Jaya (“MPSJ”) Tuan Hj Mohd Zulkurnain Bin Che Ali, Yang Berbahagia Councillor MPSJ Mr. Stephen Chin, and representatives from MPSJ.

IOIPG Chief Operating Officer, Teh Chin Guan said, “As a lifestyle developer who believes in exceeding customer expectations, IOIPG regularly engages with its stakeholders ie. local authorities and customers; to identify areas of enhancement in which we can play a role in contributing towards continued sustainability of the community within its township developments. An enhanced infrastructure providing ease of traffic flow and improved accessibility will contribute towards a thriving community. Furthermore, we foresee greater property value appreciation in Bandar Puteri Puchong with an enhanced infrastructure serving the township”, he added.

The expansion and upgrading of the interchange is expected to be completed by 2018. The project is wholly-funded and constructed by IOIPG at the cost of RM20mil.

The interchange is currently serving the 1,000 acre Bandar Puteri Puchong township with a population of an estimated 11,500 residents; and a thriving business hub of approximately 600 shop offices, 4 blocks of office towers at Puchong Financial Corporate Centre (PFCC) and Four Points by Sheraton Puchong.  Meanwhile, limited premium units of Puteri Hills town villas and condominium are available; and the final block of Le Pavillion Service Apartments is expected to be launched by year end.

Bandar Puteri Puchong is a mature township complete with excellent infrastructure including two LRT stations ie Stesen Taman Perindustrian Puchong & Stesen Bandar Puteri; interconnecting roads to its neighbouring developments ie Wawasan Puchong & Puchong Hartamas; and connection to LDP at three main points (ie at the township interchange itself, and at two other intersections into Puchong Perdana and Puchong Utama respectively).

Due to its excellent infrastructure, it is the preferred location of many international and MSC status companies such as AIG, Fonterra, OCBC, Citibank & BMW among others. China Bank and Mango Six have their first setups too in Malaysia at Bandar Puteri Puchong.

In order to minimize disruption to road users, the works will be in two (2) stages:

Stage A – Road Widening Works (Q4, 2016 – Q1, 2017)

Road widening works will be carried out at the road shoulder of Lebuh Puteri fronting Citibank and Giant Hypermarket.

Stage B – Upgrading works at Bandar Puteri Interchange (Q1, 2017 – Q2, 2018)

Existing ramp from LDP to Bandar Puteri (Putrajaya/Shah Alam/Putra Heights/USJ bound to Bandar Puteri Interchange) will be closed.

U-turn located underneath the Bandar Puteri Interchange will be closed.

Please refer to
Appendix 1
 on Bandar Puteri Puchong Interchange upgrading work schedule.

To facilitate the upgrading works, road users are provided with adequate road signs and alternative route options to enter Bandar Puteri Puchong.

Traffic from Putrajaya to Bandar Puteri

Turn right at the Puchong Perdana traffic light junction and proceed to Jalan PPU/1

Traffic from Shah Alam/Putra Height/USJ to Bandar Puteri

Make a left turn at the Puchong Perdana traffic light junction and proceed to Jalan PPU1 or U-turn in front of Tesco Puchong.

Please refer to
Appendix 2
 on alternative traffic diversion map.

For enquiries and updates, please refer to our community website,
www.myioi.com
 or corporate website,
www.ioiproperties.com
. Alternatively, kindly contact our Customer Relations Unit at
03- 8064 8833
 or email
cru@ioigroup.com
 for further assistance.

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Press Release by IOI Properties on handover of multipurpose hall to MPSJ

Press Release by IOI Properties Group Berhad: Handover of newly constructed multipurpose hall to Majlis Perbandaran Subang Jaya (“MPSJ”)

— start —

IOI Properties Group Berhad (“IOIPG”) officially handed over the newly constructed multipurpose hall to Majlis Perbandaran Subang Jaya (“MPSJ”) in a handover ceremony at Bandar Puteri Puchong today.

The official handover ceremony hosted by IOI Properties Group Berhad, was graced by its Group Executive Chairman, Tan Sri Dato’ Lee Shin Cheng; Yang Dipertua Majlis Perbandaran Subang Jaya (“MPSJ”) Yg Berbhg Dato Nor Hisham bin Ahmad Dahlan; ADUN Kinrara Yang Berhormat Ng Sze Han; and Timbalan Yang Dipertua MPSJ Yg Bbhg Hj Mohd Zulkurnain bin Che Ali.

IOI Properties Group Chief Executive Officer Lee Yeow Seng was present to do the honours of the key handover to MPSJ.

Also present were Chief Operating Officer for Property Development Teh Chin Guan; and Chief Operating Officer of Property Investment Cheah Wing Choong.

For Thriving and Vibrant Communities within a Sustainable Development

In line with its sustainable development concept, IOIPG is focused on creating thriving commercial hubs as well as vibrant residential communities. The multipurpose hall is one of the Group’s continual efforts in enhancing community development and building harmonious community relations whereby its location in the mature township of Bandar Puteri Puchong makes it as a suitable community centre for social interactions and recreational activities amongst the Puchong community.

“It has always been our priority to develop sustainable townships that would deliver positive impact towards the economy, environment and society. We are continually exploring opportunities to strengthen community bonds; encourage recreational and sporting activities aimed at cultivating healthy lifestyles and nurturing harmonious relations. Thus we are glad to be able to work closely with MPSJ in enhancing the lifestyle of the Bandar Puteri Puchong community”, said IOIPG Chief Executive Officer, Mr Lee Yeow Seng.

Salient Features

The 7000 sq ft new multipurpose hall with an internal built up that is the size of more than 3 badminton courts costs RM2 million; and is conveniently located in Bandar Puteri 10. Residents of Bandar Puteri Puchong now no longer have to travel to multipurpose halls located in Batu 14 Puchong or Puchong Intan. This hall is well-equipped with a huge stage, PA system room, 2 changing rooms, 3 badminton courts and surau amongst others. The high ceilings and wide doorways are notable features that encourage the use of sunlight and natural ventilation. Apart from this, the hall is equipped with handicap-friendly features and facilities such as ramps for easy wheel chair access, OKU toilets and OKU parking lots to cater for those with special needs.

The 500pax capacity of the multipurpose hall makes it a perfect choice for private functions and community events including weddings, neighborhood gatherings, festive celebrations and other activities.

For Bookings and Enquiries

The Bandar Puteri multipurpose hall will be managed by MPSJ and bookings can be made via the MPSJ website,
http://www.mpsj.gov.my
 or at 03-80247700.

— end —

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IOI buying 101? STOP.

A few days ago, it was reported that IOI Properties Group is looking to buy Taipei’s 101 Tower. A little too coincidental? IOI and 101? Haha. Actually, some of us might have even mistaken them to be the same word. The stake is worth RM2.74 Billion and it will allow it (IOI Properties) to own a 37% stake. The buyer is Taipei Financial Center Corp. Reason was buying it is because IOI Properties hopes that the tower would give it a stable rental income. Besides that, due to the location the potential capital appreciation is also high too. Taipei 101’s tenants include Google Taiwan, Taiwan Stock Exchange, KPMG and BNP Paribas. At one time, it was the world’s tallest tower. (Petronas Twin Towers remain the tallest twin-tower in the world today for many more years to come). The acquisition is expected to complete by first quarter of next year and IOI properties would finance it with ban borrowings and / or internally generated funds.

Property company buying a piece of real estate for stable income outside Malaysia so that it can have recurring rental income and potential capital appreciation. Besides the seller is willing to sell too. Should be straightforward? Not really. Reported in the radio, Melody FM this morning, the Taiwanese government would be stopping this sale as it involves a strategic asset of the nation. Thus, it would not allow any foreign company to own it. Imagine how would the Taiwan people react when told that their pride is actually a foreign owned building? Anyway, this is what the government said. I think there are some truths to it. Makes sense too because what if someone bought 101 and decided to turn it into a 3 star hotel instead? Can the government say no in the future if the tower already have a new owner? 🙂 Taiwan’s Finance Minister Chang Sheng-ford told parliament on Monday that the center should not be controlled by foreigners as it is a national landmark.

Personally, I would also not want foreigners to own Petronas Twin Towers. If you think otherwise, be reminded that even when Citibank was having huge issues, it remain in the hands of US because it is deemed a ‘national’ asset. So was General Motors, which faced bankruptcy and was saved a few times. So was Japanese Airlines. Every country should have their own rights to protect their own interests and I think if they insist, IOI may be forced to abort this acquisition. Taking a lower stake may not be a good option because if it’s too low, the rental income is unlikely to be big enough to contribute significantly to IOI Properties here in Malaysia. We will see how this story ends within the next few weeks. I do think IOI may get that stake they want though.

written on 9th Dec 2014

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IOI City Mall, New Tenants and Opening Nov 2014!

I love new malls. Even if I may only be going there once, it is okay. Another new mall is opening in November 2014. IOI City Mall. Ever wondered why they use the word ‘city’? This tells us that these malls serve the community nearby the mall. Typically these malls are built within an integrated development whereby the developers promised all the buyers that everything they ever needed or wanted can be found within the development. There is no need to drive far away for anything they needed to buy. I love Setia City Mall slightly more than Paradigm Mall. I think I will visit this mall in November and report. IOI City Mall has a net lettable area of 1.35 million sq ft. profile,” said Fischer.

Tesco would be there, with their fresh food hypermarket and making first appearance would be Thailand’s Home-improvement brand, HomePro. These days, we see many of these DIY stores becoming more prominent in every mall and I think this has to do with the fact that the people nowadays are more used to doing stuffs on their own plus…. saves quite a lot. I remembered calling the plumber and he said, no matter what happens, the minimum charge is RM50. Anyway, I am not a DIY person, so the final bill was much more than that. One day it may be so expensive that you better DIY.

The most important milestone for any mall would always be over 80%. This is not anyone’s standard but my personal standard. Imagine if you are visiting a mall for the first time and only 50% of the retailers are open. Would you go again? Chances are, not likely unless there are no other malls nearby which is impossible these days. The problem is, you would even put in your Facebook status that the so-so mall is not worth going and this made the potential visitors shun the mall and this made it even harder for the mall to attract more retailers. After a while, you can see certain malls start to lose their will to maintain as the earning meant they cut this and that. IOI City Mall has exceeded this Charles’s standard easily. Already at minimum of 85%.

This mall is part of the IOI Resort City of 320-acre which in the future would also have developments such as IOI City Hotel, IOI City Office Towers and even other high-rise towers, lakefront and park offices, villas, condominiums, serviced apartments and even townhouses. Worth visiting? Date is 10th November. Set your ‘calendar’ then. Perhaps can arrange for a latte session there too. 🙂

written on 13 July 2014

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Press Release: IOI City Mall set to be the largest mall in Malaysia, with its Phase II opening in August 2022

Putrajaya – The most anticipated moment is finally here! IOI City Mall Phase II will be opening its doors for patronage on 25 August 2022. Strategically located at IOI Resort City, it enjoys a potential population catchment of 3.1 million from nearby townships in southern Klang Valley, namely Putrajaya, Cyberjaya, Kajang, Bangi, Sepang, Puchong and Seri Kembangan. Furthermore, it is approximately a 30-minute drive from the Kuala Lumpur International Airport (KLIA), making it an attractive retail and entertainment hub.

With the opening of Phase II, IOI City Mall will have a total of 14 anchor tenants with the addition of AEON, Proton, Nitori and MajuHome Concept joining existing tenants such as Lotus’s, Harvey Norman, Parkson, HomePro and GSC amongst others. There will be a total of more than 200 cafés and restaurants for gastronomy lovers to enjoy, featuring new additions such as Kenny Hills Coffee, Bife Charcoal Steakhouse and Din by Din Tai Fung.

Along with the addition of more than 300 retail outlets, IOI City Mall will have more than 700 retail outlets in total. This will bolster the value proposition of the mall as the most favourable shopping venue with sought-after brands such as Michael Kors, Hackett, Braun Buffel and Coach to name a few.

Dato’ Voon Tin Yow, CEO of IOI Properties Group (IOIPG) said, “IOI City Mall is set to become the largest shopping mall in Malaysia with an additional 1 million sq ft. of net lettable area (NLA), bringing the total NLA of IOI City Mall to 2.5 million sq ft. It will lead the way as the nation’s premier shopping and lifestyle destination.” Beyond retail, the mall presents the addition of IOI City Farm, an 18,000 sq ft. indoor edutainment exhibition space that provides family-friendly activities to learn about plants and animals. Designed with an ‘indoor farm’ concept to bring the outdoor experience indoors, the new edutainment exhibition consists of three zones for visitors to interact and observe more than 70 species of plants, small cute animals and fishes. The Plant zone, known as ‘Green Land’, displays aquaponics and carnivorous plants, whereas the Animal Zone, called ‘Little Rimba’, will be featuring adorable pets such as sugar gliders, hedgehogs, rabbits and fennec foxes. Meanwhile, the Aquatic Zone, known as ‘Fresh Water World’, will be showcasing large sturgeons and arapaima from the Amazon.

IOI City Mall Phase II will feature the new IOI Grand Exhibition  and Convention Centre, a 40,000 sq ft. pillar-less hall with state-of-the art facilities with a capacity of 2,000 guests for wedding banquets and approximately 3,000 delegates for conferences. It will also feature IOI Sports Centre, the only world-class sports facility of its kind within the vicinity of Putrajaya. This new rooftop sports centre will boast a total of 15 badminton courts and two covered futsal arenas.

These new additions are expected to further elevate existing attractions at the mall. Such attractions comprise existing premier facilities such as Icescape Ice Rink, the biggest ice-skating rink in Malaysia recognised by the Malaysia Book of Records and District 21, a 52,000 sq ft. indoor atrium adventure theme park incorporating various attractions; many of which have never been seen in Asia.

IOI City Mall promotes sustainable initiatives such as providing more than 14,000 parking spaces equipped with automated License Plate Recognition (LPR) system. Besides encouraging contactless payment for a more hygienic experience, the system utilises ticketless parking to eliminate the issuance of printed parking tickets, which reduces paper waste and carbon ink printing.

In our efforts to instil the importance of environmental ethics through green efforts, solar panels have been installed on the rooftop of IOI City Mall in 2020, which has generated 8,533 MWh of electricity, equivalent to carbon emissions reduction of 5,922 tCO2 to date. Additionally, IOI City Mall is equipped with chilled water Thermal Energy Storage (TES) tanks with a combined capacity of 62,000 m³ which contributes to efficient use of electricity and thereby, helps to reduce carbon emissions.

These initiatives are in line with IOI Properties Group’s Sustainability Goal of Caring for the Environment, demonstrating our commitment to fight climate change and minimise the impact of our operations on the environment.

-END-

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IOI Properties leverages on mobile technology for benefit of community

Two weeks ago, when I visited a friend, she sent me an URL via Whatsapp which will grant me access to her gated and guarded community. I only need to click on it to get a barcode which the guard will scan and then allow me access. I think this will be the trend because even in my current condo, I have been booking all my facilities online. I have not been to the management office for years, actually. Come to think of it, perhaps it’s now a compullsory thing for all new developments. Another developer has taken this further. They are creating an online community engagement platform via a new mobile app called IOI Community. Below is their message.

Message from IOI Properties Group Berhad

IOI Properties Group Berhad (“IOIPG”) has created an online community engagement platform via its mobile app – IOI Community. This is in line with the Group’s focus on fostering sustainable community relations and creating conducive environment for work, stay and play within its developments. The IOI Community app will enhance communication with its customers, leverage on real-time customer feedback to enable prompt customer service and utilise data analytics to continuously improve on products and services delivery.

IOIPG Executive Director Lee Yoke Har said it was necessary for the company to move ahead in tandem with the development of industry 4.0 and stay relevant as Proptech becomes increasingly weaved into everyday life.  “Our ultimate aim is to provide more convenience, speedier and more personalised communication, and service delivery platform that will meet the energetic lifestyle of the urban community.”

In today’s ever-changing business environment, it is always important to remain attentive to the community; and through active engagement with its IOI community and employees, IOIPG embraces technology in managing its operations and customer relations to provide products and services that exceed customer expectations.

The IOI Community app enables two-way communication between the property management team and the residents. Some of the features available in the app include e-billing, status check on maintenance fees, booking of facilities, visitor management, defect reporting, push notifications for announcements, e-library where technical information relating to residents’ units can be easily retrieved and contact numbers of service providers such as plumber, air conditioning contractor and renovator.

Through the IOI Community app, residents can check their payment status under the option for “Payment of Maintenance Fees and E-billing”. For visitor management, residents can preregister their guests prior to the visit and enable the guests to scan a QR code to enter into a condominium or service apartment. The app is currently made available to the communities of Clio Residences, Sierra 6 and Almyra Residences. IOIPG plans to roll out the app to other developments including Conezion, N’Dira and Sky Condominium in the next two months.

“Our residents appreciate the IOI Community app as they can get updates, check on their account status and submit their defects in the comfort of their homes even after business hours. This is especially useful for those who are always on the go and cannot make the time to conduct these businesses during office hours. It is convenient and we are extending the app to more communities. We will compile feedback from residents and work on improving the app by adding more features in the future,” added Lee. The IOI Community app can be downloaded for free via Google Play Store and Apple App Store.

— end of message —

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IOI Hackathon: Crack the Code and win RM35,000

Press Release:
IOI HACKATHON By IOI PROPERTIES GROUP

CRACK THE CODE TO WIN RM35,000

__________________________________________________________________________________________

Can You
Crack The Code
?

The launch of
IOI Hackathon
marks the 1
st
event activation under the
IOI Properties’ LIVE.LIFE
brand campaign. It is a campaign curated for millennials to engage with the younger generation of today.
IOI Properties
wants to disrupt their lives to instil passion, build confidence and define characters. Because they are the future as we see today, and tomorrow, our future will be in their hands as they will be our leaders.

We will bring together the youth in our community through the
Live.Life!
campaign. We are creating a space for ideas and conversations to happen across borders.

IOI Hackathon is an initiative by
IOI Properties
under its digital transformation push to identify original ideas and projects applicable to the real estate industry.
IOI Properties
is offering an attractive prize money of RM35,000 in cash, further funding, business advise mentorship and test beds for incubator or accelerator programmes with promising ideas or projects.

“
IOI Properties
is aggressively pushing boundaries in the way we do things. We are at the forefront of the industry and we are actively seeking original ideas and solutions that can improve the lifestyle of our residents, community, colleagues and business partners. Through this hackathon, we are looking forward to cutting edge ideas and solutions that we can nurture and develop for immediate implementation. In addition, we are committed to support our young talents to pursue their ideas through funding, business advice, providing a test bed and adoption of their solutions in our business” says
Jason Tie, Chief Sales & Marketing Officer
.

This is a 2-week competition in which team of 3 members will battle it out to develop an original app that will disrupt how people choose, buy and manage properties.
IOI Hackathon
participants will have mentors assigned to help them along the way. Our lead mentors are Edward Chin (Founder, Actualize Hub) and Stanley Seow (IOT & Hackathon Specialist). Our Hackathon adviser is, JomHack Malaysia, who will also be supervising the Tech Community participants.

IOI Hackathon
is an event not to be missed by the tech community, registration is now open and more information is available at our website
https://www.ioiproperties.com.my/livelife/ioihackathon.
 Please mark your calendar and let’s
CRACK THE CODE
!

— end of press release —

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Joint Press Release by IOI Properties Group and Hongkong Land.

IOI Properties Group and Hongkong Land to Jointly Develop Central Boulevard Land in Singapore

Singapore, 12 June 2017 – IOI Properties Group Berhad (IOI Properties) and Hongkong Land today announced the signing of a Memorandum of Agreement and subject to certain regulatory and other approvals they will jointly develop and manage a prime land of approximately 1.1 hectares (118,400 sq. ft) strategically located within Marina Bay and the Central Business District of Singapore.

The site to be developed was a “white” site in the Government Land Sales Programme. It was awarded to IOI Properties following a tender in November 2016. The site is adjacent to One Raffles Quay, and close to Marina Bay Financial Centre. The scheme envisaged comprises two office towers of approximately 1,260,000 sq. ft of leasable space and a small retail podium of approximately 30,000 sq. ft.

Representing IOI Properties at the signing were Tan Sri Dato’ Lee Shin Cheng, Executive Chairman; Mr Lee Yeow Seng, Chief Executive Officer and Dato’ Lee Yeow Chor, Non- Executive Director. Representing Hongkong Land were Mr Ben Keswick, Chairman and Managing Director; Mr Robert Wong, Chief Executive; Mr Simon Dixon, Chief Financial Officer and Mr Robert Garman, Executive Director, Commercial Property, South Asia. Upon completion of the proposed joint venture structure, IOI Properties will hold 67% of the joint-venture company and Hongkong Land will hold 33%.

“We look forward to working with our partner Hongkong Land on this exciting new development, which will bring office space of the highest quality to Singapore’s premier Central Business District,” said Mr Lee Yeow Seng, Chief Executive Officer of IOI Properties.

“Our new joint venture allows Hongkong Land to expand its portfolio of prime commercial properties in Marina Bay and demonstrates our long-term confidence in the Singapore property market. We are delighted to partner with IOI Properties to deliver the exceptional levels of design, construction and management that our tenants expect,” said Mr Robert Wong, Chief Executive of Hongkong Land.

Spanning more than three decades in the property development industry, IOI Properties Group Berhad (“IOI Properties”) is one of the leading public-listed property developer in Malaysia. Over the years, it has successfully developed sustainable townships and commercial enclaves in Klang Valley and in the state of Johor. In the international front, IOI Properties has project developments in Singapore and the People’s Republic of China.

Apart from being an established township property developer, IOI Properties is also known for being one of the few integrated property developers that builds and manages its investment properties such as hotels, golf courses, shopping malls and office buildings.

The Group has a total development landbank of approximately 10,000 acres. Under its investment property portfolio it manages a total of 6.7 million sq. ft. of lettable area, comprising retail, purpose built office and others. These properties are mostly located in high-growth areas, which are well-connected, accessible and are centred within high population concentration. The Group also owns four hotels with 4 to 5-star rating offering a total of more than 1,800 keys.

Corporate website:
www.ioiproperties.com.my

Hongkong Land

Hongkong Land is a listed leading property investment, management and development group. Founded in 1889, Hongkong Land’s business is built on excellence, integrity and partnership.

The Group owns and manages almost 800,000 sq. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong and Singapore. Hongkong Land’s properties attract the world’s foremost companies and luxury brands.

Its Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high quality residential and mixed-use projects under development in cities across Greater China and Southeast Asia, including a luxury retail centre at Wangfujing in Beijing. In Singapore, its subsidiary, MCL Land, is a well- established residential developer.

Hongkong Land Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

— end of press release —

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Press Release:  IOI’s LiVO Referral A Hit With The Public

Introduced in November of last year, the IOI LiVO Referral Programme has enjoyed an
encouraging response, recording more than 1,000 registrations by interested members of the public. Participants simply need to refer their friends and leave the rest to IOI Properties, and there is no limit on the number of referrals each participant can introduce.

As a follow-up initiative, IOI Properties Group recently held an event on 26 January, to engage with registrants and share information on the simple referral process. An incentive award ceremony was also held during the event, with participants who had successfully introduced referrals being presented with incentives of up to RM36,022.
When asked for feedback on how easy it was to introduce a referral, participants gave the programme a rating of 4 out of 5 on average, meaning that the process was easy and hassle free.

Commenting on the strong interest from the public, IOI Properties Chief Sales and Marketing Officer Jason Tie said “I hope that more of our purchasers and those who are keen to earn some extra income will take part in the IOI LiVO Referral Programme and refer their friends to us.”

To give customers more to celebrate during the festive Chinese New Year season, IOI Properties has also introduced a Wheel of Prosperity at all of its IOI Galleria offices across the Klang Valley. With a spin of the Wheel, customers can enjoy additional discounts of up to 1.5% for selected participating projects.

Those interested to find out more can visit
www.ioiproperties.com.my/referral
 for further information on the IOI LiVO Referral Programme.

— end of press release —

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IOI Properties won with RM7.77 billion bid for 118,000 sq ft land in Singapore

How much would you pay for around 118,000 sq ft of land? One company just bid S$2.6 billion (RM7.77 billion) for it. Yes, the bid is real and it’s only for a piece of 2.7 acre land in Singapore’s downtown Marina Bay. Wealthy Link Pte Ltd was one of the seven property developers who is attracted to this piece of land to build office. All the bids would be evaluated by Singapore’s Urban Redevelopment Authority (URA). Wealthy Link is part of IOI Properties Group Bhd. According to Christine Li, director research at real estate services firm Cushman & Wakefield, this bid reflects the return of confidence for the Singapore office market. Full article from Starbiz
here
.

This was the first land sale in Singapore’s Marina Bay in nine years. The offer price, at S$1,689 per sq ft area exceeded the earlier highest price set in 2007 for Asia Square Tower 1 site at S$1,409 per sq ft, according to CBRE Group Inc. The plot sits right next to Asia Square. Besides this land sale, there were also a few recent commercial property deals in Singapore. Asia Square was sold by Black Rock Inc for S$3.4 billion to Qatar’s sovereign wealth fund. CapitaLand Commercial Trust, Singapore’s largest office REIT, in May agreed to buy a 60 percent stake in CapitaGreen in the central business district for S$393 million, and MYP Ltd., which operates an investment holding company, offered S$560 million for the Straits Trading Building. The site can be developed primarily for office use, with a smaller area reserved for residential housing, a hotel or serviced apartments. Full article in
Bloomberg
 here.

Feeling bullish yet? Maybe not yet but Singapore is a good property market barometer as it is right next to Malaysia. Let’s face it, when
Singapore property
booms again, everyone benefits, especially Iskandar too. As for the residential market, there has been reports that it is about to start growing again but Nomura recently stated in an article stating why they do not think the Singapore residential market is on the way up again. They offered 5 reasons. Article
here
. Happy following.

Latest Update, as at 11th November 2016. IOI Properties have won the bid against many other established bidders including Temasek-owned Mapletree Investments, Hongkong Land-Cheung Kong and CapitaLand.

Commenting on this successful tender, its Group Executive Chairman, Tan Sri Dato’ Lee Shin Cheng expressed confidence in the Group’s position to leverage on the strong demand for prime office space in Singapore. “The site is ideally located within the Marina Bay area – Singapore’s premier financial and business district. The future development will be linked directly to the surrounding developments at One Raffles Quay, Marina Bay Financial Centre, as well as the office clusters at Raffles Place and Shenton Way via an extensive network of at-grade, underground and overhead pedestrian links. It is also seamlessly connected to the adjacent Downtown Mass Rapid Transit (‘MRT’) Station, nearby Raffles Place MRT Station and the future Shenton Way MRT Station. The development will be attractive to major financial institutions and multinational corporations. Based on the Group’s experience in developing South Beach, we have strong confidence that we can offer another prime and iconic development at Central Boulevard,” he added.

written on 7 Nov 2016, updated on 11 Nov 2016

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Press Release: Bandar Puteri Puchong Interchange Upgrading – Alternative Route

Press Release by IOI Properties

Bandar Puteri Puchong Interchange Upgrading – Alternative Route

Motorists using Lebuhraya Damansara-Puchong (LDP) from Persiaran Wawasan and Jalan Wawasan heading south to Putrajaya/Cyberjaya have an option to use an alternative route during the period of 19 May to 21 May 2018. This is due to ongoing work whereby one of the two-lane service road parallel to the LDP will be closed to enable additional work to relocate underground utility services as well as other works related to the expansion and upgrading of the Bandar Puteri Puchong Interchange.

Road users are advised to follow directional signages placed along the alternative route. Traffic from Persiaran Wawasan and Jalan Wawasan heading towards Putrajaya/Cyberjaya: • Enter service road parallel to LDP from Persiaran Wawasan or Jalan Wawasan • Turn left into Lebuh Puteri • Make a U-turn opposite Giant Hypermarket • Keep left and turn into LDP Please refer to Appendix 1 on partial road closure and alternative traffic route.

For enquiries and updates, please refer to our community website,
www.myioi.com
 or corporate website,
www.ioiproperties.com.my
. Alternatively, kindly contact our Customer Relations Unit at 03-8064 8833 or email
cru@ioigroup.com
 from 9am to 5pm on Monday to Friday for assistance.

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Indoor Potted Plants from IOI Properties for you. (FREE)

[Sponsored] I love plants. My balcony is full of plants. From cactuses to chilli and ladies finger as well as a crawling unknown and pineapples, I am really trying to plant lots of stuffs. It’s always good to start planting some plants. My two kids have their own small potted plants too. Well, now you can start too. Get FREE indoor potted plants from any IOI Properties Galleria near you within Klang Valley.* At the same time, get to know if that upgrade that you have been thinking about is a home by IOI Properties. Image shows
The CLIO Residences
 with a Qlassic Score of 78%.  For the Free Indoor Potted Plants, click here to know more yeah:
https://goo.gl/1dC8k2

*while stocks last.T&Cs apply.

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IOI Properties Group: Waste  Minimisation Campaign 2020

Press Release:
Minimising Waste for a Sustainable Lifestyle with IOI Properties Group

As the year 2020 drew to a close, IOI Properties Group Berhad (IOIPG) organised a
Waste  Minimisation Campaign 2020
throughout October to December 2020, to encourage a sustainable  lifestyle among its staff and public by actively minimising waste in their daily routine and in support  of the United Nations Sustainable Development Goals (SDG) of SDG 11 – Sustainable Cities and  Communities, SDG 12 – Sustainable Consumption and Production, SDG 13 – Climate Action and  SDG 14 – Life Below Water.

The campaign was held in conjunction with environmental commemorative days such as the World  Clean Up Day, International Coastal Clean Up Day, National Environment Day and the National  Recycling Day in the spirit of sustainability and to encourage responsible consumption and  production among staff and the public via virtual platforms particularly in view of the current  pandemic.

The campaign kickstarted in October with the
IOI-Active Citizens: Clean Up Challenge 2020
in  collaboration with Reef Check Malaysia whereby a webinar was held on marine debris and plastic  pollution, the importance of protecting coral reefs and marine ecosystem, and action that can be  taken by individuals on a daily basis. By organising the IOI-Active Citizens: Clean Up Challenge 2020, IOIPG encouraged volunteerism among its staff to take an active role in the community and  support the efforts of local NGOs. The challenge saw participants collecting 3,795 items weighing  352.2kg. The top five items collected were plastic bottle caps, beverage cans, plastic bottles, plastic  bags and cigarette butts.

This was followed by webinars on composting and waste segregation, in collaboration with Eats,  Shoots and Roots, and Cenviro respectively in December. Other activities included an interesting  peek at sustainable cooking style in partnership with Le Méridien Putrajaya as well as a social media  giveaway on the IOI Sustain Facebook page to reach out to the online community.

Apart from advocating environmental initiatives, IOIPG is committed in nurturing youths to act for  positive impact in building a sustainable future with the Group’s recent collaboration with Universiti  Tunku Abdul Rahman (UTAR) in the International Youth Development Virtual Conference 2020,  themed Resilient Youth in a Post-Pandemic World: Digital Transformation & Urban Living. More  than 600 youths from 19 different universities across seven countries attended the two-day event  that covered topics ranging from digital transformation, quality education and opportunities, and  skills development in the digital era.

IOI Properties Group Berhad colleagues based in the Penang office taking part in the IOI-Active Citizens: Clean Up Challenge 2020.

IOIPG Group Corporate Communication and Sustainability General Manager Kristine Ng said  sustainability was at the core of IOIPG’s business.

“As a leading property developer in Malaysia, IOIPG designs and builds developments that create  shared values for its stakeholders with positive impacts on the environment and society. The  Group’s sustainability goals are bound by a common aspiration to create a sustainable future,” she  added.

— end of press release —

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IOI Properties Group improved revenue and operating profit for FY21 H1

Press release: Revenue and operating profit for IOI Properties Group improved in its first
half of financial year 2021

IOI Properties Group Berhad (IOIPG) reported a 13% increase in revenue to RM1.3 billion while
operating profit was 7% higher to RM511.2 million in the first six months of financial year 2021
(FY2021) in comparison to the preceding year corresponding period, despite the challenging business environment due to the COVID-19 pandemic. The improvement in revenue and operating profit was mainly due to higher than expected contribution from its operations in Xiamen, China.

For the period ended 31 December 2020, the Group recorded a total sales value of RM916.4 million.

“We expect that the measures announced in Budget 2021 and Home Ownership Campaign will
continue to stimulate the property market in Malaysia, boosting demand for mid-priced range products that are highly sought after in our integrated developments located in high-growth areas, complemented by a wide-range of amenities and easily accessible with excellent connectivity,” said IOIPG Chief Executive Officer Dato’ Voon Tin Yow.

IOIPG Chief Executive Officer Dato’ Voon Tin Yow.

With the Overnight Policy Rate (OPR) at a historical low of 1.75% during the period under review,
Dato’ Voon said that this had also bode well for the growth of the property market as the lower OPR offered opportunities for property purchasers to secure bank loans with attractive interest rates. This would continue to generate buying interest, benefitting the Group as it offers a range of high-quality products in strategic locations.

For the second quarter ended 31 December 2020 (Q2 FY2021), IOIPG registered a net profit of
RM172.3 million compared with RM215.1 million in the preceding year corresponding quarter.
Meanwhile, revenue for the Group was RM591.3 million, an increase of 5% from RM564.1 million in the preceding year corresponding quarter which was mainly attributable to the property development segment.

The property development segment contributed RM494.9 million in revenue and RM192.6 million in operating profit in Q2 FY2021, a jump of 20% and 19% respectively from the preceding year corresponding quarter. This improvement in revenue and operating profit was mainly driven by higher than expected sales contribution from operations in China. Revenue and operating profit for the property investment segment were at RM73.6 million and RM31.3 million respectively while the hospitality and leisure segment recorded a revenue of RM21.1 million.

The reinstatement of MCO 2.0 has dampened the recovery of the property investment, and hospitality and leisure segments. Nevertheless, the Group’s hospitality and leisure segment will maintain its aggressive marketing and promotion packages, whilst implementing cost optimisation strategies byprogressively right-sizing the workforce in preparation for medium and long-term recoveries.

Meanwhile, the property investment segment comprising retail and office will continue to adopt active and pragmatic tenant retention strategies to maintain occupancy rates; as well as to improve tenant mix in positioning its malls as retail destinations of choice. “The Group supported its tenants with rental relief valued at more than RM45.3 million from March to December 2020,” added Dato’ Voon.

In Singapore’s Central Business District, the construction of Central Boulevard office development has resumed since August 2020. Effort is being made to catch up on lost time resulting from the Circuit Breaker imposed by the Singapore government in April 2020.
The operations in China contributed strongly to Q2 FY2021 operating profit due to brisk sales
following the Chinese economic recovery from the COVID-19 pandemic. It is expected that demand for residential properties would subsequently normalise and moderate in coming quarters.

Meanwhile, IOI Palm City Mall, which is expected to open by the third quarter of 2021, has secured high occupancy; and the construction of boutique office blocks and Sheraton Grand Hotel is progressing well.

Moving forward, IOIPG’s digital marketing capabilities and IOI eMarketplace platform
complemented by aggressive sales and marketing strategies will continue to drive sales and facilitate property transaction processes in Malaysia to offer quality products and lifestyle driven by technology.

The Group will continue to enhance customer experiences in its continued commitment to maintain its competitive edge as an integrated developer of excellent service and high-quality standards. Although the operating environment remains challenging and uncertain, the Group will continue to manage its business operations prudently and professionally to deliver satisfactory performance in the coming quarters whilst consolidating its market position and strengthening its competitive edge to seize business opportunities when the situation improves.

— end of press release —

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IOI records higher revenue and profits for Q1 FY21

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Press Release: IOI Properties Group stays resilient despite challenges arising from COVID-19 pandemic

IOI Properties Group Berhad’s (IOIPG) net profit in the first quarter ended 30 September 2021 (Q1 FY2022) grew 8% to RM208.5 million compared to RM192.6 million recorded in the preceding year corresponding quarter. IOIPG recorded revenue of RM431.8 million and profit before taxation of RM260.7 million in Q1 FY2022 despite operating in a challenging business environment due to the outbreak of COVID-19 pandemic.

Revenue and operating profit for the property development segment was RM363.2 million and RM202.2 million respectively in the current year quarter. For the property investment segment, the Group recorded revenue of RM59.2 million and operating profit of RM25 million. Revenue for the hospitality and leisure segment was RM7.6 million with an operating loss of RM15.2 million.

 IOIPG Chief Executive Officer Dato’ Voon Tin Yow

IOIPG Chief Executive Officer Dato’ Voon Tin Yow said despite the challenges faced by the property industry, the Group’s financial results for Q1 FY2022 was commendable.

“We are confident that Malaysia’s economy is on the path of recovery to pre-pandemic levels as most sectors of the economy are allowed to operate at full capacity under the new normal. The vaccination rate among the adult population in Malaysia has surpassed 95% and the country is transitioning towards an endemic phase. Therefore, we expect to see growth picking up across economic sectors,” he said.

IOIPG endeavours to stay resilient during these challenging times and focus on driving sales of its mid-priced range of products via its innovative and aggressive campaigns and capitalise on its capability in digital marketing. The Group will also continue to focus on launching offerings that ride on Government-driven support initiatives for the property development sector.

Currently, IOIPG has 27 on-going projects under construction in Malaysia, Singapore and Xiamen, China, that are highly sought-after and strategically located in high growth areas with excellent connectivity, thus providing reliable and steady income streams for the Group. For instance, its residential developments in Xiamen, China namely IOI Palm International Parkhouse, which is scheduled to complete in FY2023 and IOI Palm City will continue to contribute to the Group’s financial performance in the coming quarters. Meanwhile, IOI Palm City Mall has commenced operations on 28 October 2021, and this too is contributing to the recurring income of the Group.

In Singapore, the Group’s acquisition of a new development site at Marina Bay, which is planned for a mixed-use development comprising residential, hotel and commercial components will complement its existing developments in the country and contribute to the business growth of the Group.

To stay resilient, IOIPG is constantly strengthening the team by developing its people and ensuring a workforce that is digital and technology-savvy. The Group will inculcate a high-performance culture within our workforce in order to consistently deliver the best in quality and service, and to achieve our Vision of Trusted.

— End of Press Release —

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Press Release:  IOI Properties Group registered revenue growth across all its business segments in Q2 FY2022

IOI Properties Group Berhad’s (IOIPG) revenue increased by 19% to RM704.8 million in the second quarter ended 31 December 2021 (Q2 FY2022) compared to preceding year corresponding quarter, with improved financial performance across all its business segments in property development, property investment, and hospitality and leisure. The Group achieved RM125.3 million in net profit in the same quarter, after taking a fair value loss of RM98.4 million attributed
to IOI Mall, Xiamen. Otherwise, the Group’s profit before taxation of RM331.3 million in Q2 FY2022 is 21% higher than the preceding year corresponding quarter.

Revenue and operating profit for property development segment increased by 15% to RM571.6 million and by 7% to RM206.5 million respectively in Q2 FY2022 compared to preceding year corresponding quarter. This was contributed by higher sales from operations in Malaysia, driven by dynamic sales and marketing campaigns as well as the extension of the Home Ownership Campaign to 31 December 2021. The  vaccinated travel lane arrangement between the Malaysian and Singaporean governments has also contributed to better financial performance as it facilitated the business process of property transactions in the Group’s developments located in Johor.

The Group’s financial performance of its property investment segment has improved after the Movement Control Order in Malaysia was lifted and lower rental relief assistance was given to tenants. This was also due to the commencement of recurring leasing income from IOI Mall, Xiamen, which started operations on 28 October 2021. This resulted in higher revenue of RM96.7 million and operating profit of RM49 million in Q2 FY2022, which constituted an increase of 31% and 57% respectively compared to the preceding year corresponding quarter.

For hospitality and leisure segment, revenue surged 57% to RM33.1 million and operating loss reduced by 84% to RM1.2 million in Q2 FY2022 compared to preceding year corresponding quarter mainly due to higher room occupancy rate and an increase in patronage at the hotel’s food and beverage outlets.

In view of the rebound of Malaysia’s GDP by 3.6% in the fourth quarter of 2021 and the easing of movement control restrictions which allowed for more economic activities to resume, IOIPG Chief Executive Officer Dato’ Voon Tin Yow said that the property industry is likely to recover in tandem with the recovery in the overall economy of Malaysia.

“We anticipate stronger recovery of the nation’s economy in 2022, aided by continuous expansion in domestic and global demand for goods and services. Economic activities will continue to recover and the labour market conditions are expected to improve. Malaysia has recorded a high rate of vaccination amongst its adult population and the vaccination of children has also commenced in February. These positive developments in the country will continue to sustain the recovery of business activities which will then contribute to a recovery in the property industry,” he added.

Nonetheless, the Group is cognisant of the various headwinds that could disrupt economic activities. These include the on-going pandemic, disruption in global supply chain, rising cost of building materials and shortage of workers.

Amidst these challenges, the Group will continue to bank on its digital marketing capabilities and aggressive campaigns to boost sales of its mid-priced range of products in the property development segment. As for the Group’s retail business, IOIPG’s digital marketing and innovative solutions will continue to provide value proposition for its malls’ tenants and customers. Besides that, the Group remains committed to providing a safe environment and enforcing the latest standards of safety management for its hotel guests and staff.

Meanwhile, to mitigate the impact in rising cost of building materials, IOIPG has formed a new business unit mainly involved in sourcing and supplying building materials. In the international front, the on-going construction of IOI Palm International Parkhouse Xiamen, China is due for completion in Q2 FY2023. Together with IOI Palm City, both these residential developments will contribute to the Group’s financial performance in the coming quarters.

IOIPG has widened its footprint in Singapore with the recent acquisition of a new development site at Marina Bay. The site, which is planned for a mixed-use development comprising residential and hotel components, will complement existing developments by the Group in the city-state.

Despite operating in a challenging environment, the management of IOIPG backed by a strong and innovative workforce remains Trusted. to consistently deliver excellent products and services that exceed expectations.

-END-

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IOI Properties Group expects property sales to recover post-pandemic

While it’s not a great time for all developers, it’s worth noting that many developers continue to build on some good months before the current COVID-19.  What’s extremely important is that these developers continue to be able to keep building and the potential buyers continue to have a job. It’s not about staying home forever until vaccine is found yeah. It’s also about that balance between normalisation and control. I wish us (Malaysia) success. Please do read on IOI Properties Group which has recorded a profit of RM678.8 million for the 9 months of current year-to-date. Yes, this is still a very healthy number by any measure. Happy reading.

Press Release:
IOI Properties Group Expects Property Sales to Recover Post-Pandemic

IOI Properties Group Berhad (IOIPG) today announced its results for Q3 2020 which saw the Group achieving RM401.4 million in revenue and a profit before interest and taxation of RM137.7 million. The Group anticipates that its developments in strategic locations around Malaysia with its projects in the pipeline will continue to draw prospective buyers as the economy gradually improves post- Conditional Movement Control Order (CMCO).

In China, economic activities have resumed and in recovery mode after the lockdown due to the spread of the COVID-19 pandemic. The Group’s recent launch of high-rise condominiums in IOI Palm City, Xiamen, received favourable response with a take up rate of 80% with profit to be registered in the coming quarters.

For the nine months in the current year-to-date, IOIPG recorded RM1,505.9 million in revenue and RM678.8 million in profit before interest and taxation.

With the outbreak of the COVID-19 pandemic, Malaysia was not spared from implementing the Movement Control Order (MCO) and this resulted in the disruption of most economic and social activities. Despite such restrictions, sales for the Group in the Klang Valley was not very much affected with some products moving even faster during the MCO period due to aggressive sales packages such as the
“Stay@Home Online Sales”
and the ongoing
“Instalment Also Free”
. IOIPG has constantly been improving on its digital marketing capabilities and has set up an e- Marketplace platform to conduct sale transactions before the implementation of the MCO.

“We will continue to leverage on our digital marketing capabilities, accelerate sales via online platforms and adopt aggressive sales and marketing strategies with focus on the Group’s mid-price range of properties in Malaysia,” said IOIPG CEO Dato’ Voon Tin Yow.

Throughout the current financial year 2020 (FY20), IOIPG has recorded encouraging sales by leveraging on the Home Ownership Campaign (HOC) together with on-going marketing campaigns that targeted audiences from both the traditional and digital platforms to create visibility for its developments.

The extension of the HOC to 31 December 2019 continued to stimulate interest in home-ownership while offering an opportunity for property developers to address the property overhang situation. With IOIPG’s participation in the HOC, sales picked up and inventory was lowered during this period as buyers took advantage of the HOC. Investment in property is often viewed as a good hedge against inflation, hence demand for residential properties is expected to remain resilient in the long-term, particularly for projects in strategic locations with good transportation infrastructure and close proximity to an excellent network of amenities and facilities.

The launch of Alanis, one of the Group’s mid-price range of properties in Warisan Puteri Sepang, was met with good response, achieving a take-up rate of 67% to-date. Alanis is targeted at first-time

IOI Properties Group Berhad 201301005964(1035807-A)
PRESS RELEASE Date: 29 May 2020

buyers, young couples and extended families with family-friendly facilities. Despite the disruption to construction progress due to the CMCO, the Group is progressively handing over Lavenda 1 and Serene; followed by Alena 1 and Alena 2 in Johor in the subsequent quarter. Meanwhile, the Group’s launches of villas and high-rise condominiums in Xiamen are expected to continue registering an increase in sales revenue with the economic activities in China on recovery mode post-lockdown.

“The remaining FY20 continues to be challenging but the Group is well positioned for the recovery post-CMCO,” said Dato’ Voon.

“The pandemic outbreak is expected to affect the performance of the retail and hospitality segments. However, the Group is actively adopting a pragmatic tenant retention strategy for occupancy optimisation in anticipation of a less restricted movement environment.”

“Moving forward, we have mid-price range of projects in the pipeline ready to be launched once we have assessed that the market is ready post-CMCO. So far, we have approximately 40 on-going projects and a total development landbank of approximately 10,000 acres,” he added.

-End of press release –

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PRESS RELEASE
–
IOI Properties Group records a 30% rise in net profit for FY2021

IOI Properties Group Berhad (IOIPG) registered robust growth in revenue and net profit for the  full financial year 2021 (FY2021) despite a general downbeat business sentiment weighed down by  a prolonged COVID-19 pandemic.

IOIPG’s net profit rose 30% to RM663.3 million in FY2021 compared to FY2020. Its revenue  improved 18% to RM2.5 billion for FY2021 compared to the preceding year corresponding period  mainly due to better sales performance from its operations in Malaysia, which was driven by its  dynamic sales and marketing campaign.

 IOIPG Chief Executive Officer Dato’ Voon Tin Yow

IOIPG Chief Executive Officer Dato’ Voon Tin Yow said the Group’s performance for FY2021  was commendable. This was attributable to the commitment and passion of Team IOI in  consistently delivering products and services that exceeded expectations. For FY2021, IOIPG  achieved sales of RM2.3 billion surpassing its sales target of RM2 billion.

“We are living in extraordinary times. While the Group encounters challenges throughout  FY2021, we continue to soldier on to deliver by performing our best, prioritising our customers  and demanding quality excellence in everything we do. That’s how we will achieve our Vision of  being Trusted.,” he said.

Although the operating environment is expected to remain uncertain with the prolonged pandemic  for the remainder of 2021, Dato’ Voon added that the Group is optimistic the rollout of the  National COVID-19 Immunisation Programme and the recent successful Surge Capacity  Vaccination to increase the rate of vaccination by the government of Malaysia will lead to the  opening of more economic sectors, contributing to improved consumer sentiments and spur an  economic recovery.

For the fourth quarter ended 30 June 2021 (Q4 FY2021), IOIPG’s net profit surged almost three fold to RM119.4 million compared with preceding year corresponding quarter. Its revenue for Q4  FY2021 increased 8% to RM658.6 million from the preceding year corresponding quarter.

Revenue from the property development segment in Q4 FY2021 was RM579.8 million or 6%  higher than the preceding year corresponding quarter. The higher revenue was mainly attributed  to the Group’s operations in Malaysia which increased by 238% from RM124.4 million to RM420.8  million. However, this was partly offset by lower contribution from its operations in China due  to lower sales achieved in Q4 FY2021.

For property investment segment, revenue and operating profit increased 6% and 3% to RM57.5 million and RM18.3 million respectively in Q4 FY2021, mainly due to higher rental relief assistance  to tenants in the preceding year corresponding quarter arising from the pandemic.

For Q4 FY2021, the hospitality and leisure segment recorded better financial performance mainly  due to the hospitality sub-segment. Revenue improved 93% to RM18.9 million and operating loss  decreased 43% to RM11.3 million compared with the preceding year corresponding quarter.

IOIPG will leverage on the ongoing Home Ownership Campaign, its digital marketing capabilities and aggressive sales campaigns to drive sales with a focus on its well sought-after, mid-priced range  of products.

In China, the construction of residential developments in IOI Palm City in Xiamen has been  completed in Q4 FY2021 and this development will continue to contribute to the Group’s  financial performance in the next financial year. Meanwhile, IOI Palm City Mall is expected to  commence business in the third quarter of 2021, having secured high levels of occupancy.

To counter the recent resurgence of COVID-19 cases in Singapore, the government has  introduced stricter measures, which, to some extent, have affected the construction progress of  IOI Central Boulevard Towers. However, IOIPG anticipates its construction progress to recover  swiftly as the government continues to confidently manage the pandemic with a high rate of  vaccination amongst its population. Meanwhile, leasing activities for IOI Central Boulevard  Towers has commenced.

For the retail segment in Malaysia, IOIPG will continue to support its tenants via digital marketing  and innovative solutions as well as rental relief assistance amounting to approximately  RM71 million as at 30 June 2021. The Group will also continue to adopt active and pragmatic  tenant retention strategies to maintain occupancy rates.

IOIPG anticipates a longer recovery time for the hospitality and leisure segment due to the  COVID-19 pandemic and the prolonged travel restrictions. Nevertheless, in preparation for  medium to long-term recoveries, IOIPG has signed agreements with Marriott International to convert Putrajaya Marriott Hotel’s existing franchise management to a managed contract under  the Premium brand, and the Palm Garden Hotel to the management of Marriott International  under the Tribute Portfolio brand.

The Group expects the business environment to remain challenging as countries face resurgence  of COVID-19 infections globally. Nevertheless, the Group will continue with its prudent and  professional management to manage its operations to deliver satisfactory performance in the  coming financial year.

— end of press release —

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IOI Properties Group Bhd is a value-buy

IOI Properties Group Bhd is a value-buy

By the way, property investment does not need to be buying the actual property which may require 10 percent downpayment. A RM350,000 home would require a minimum of RM35,000 just for the down-payment. Wow… No wonder so many people are complaining that they could never save enough money. (at the same time, many are spending away all their salaries online…). Here’s that danger when the emergency savings is even lower than credit card debts!
When 47% have less money in emergency savings than credit card debt (click to read)

However, there’s also another option. Buying the stock of the property developer instead. Here’s one potential one according to RHB Research. Read on about what their analysis is showing.

Article in nst.com.my
 RHB Research says that IOI Properties Group Bhd is showing value. This is because of the increasing stream of recurring income, especially upon the completion of Central Boulevard next year. RHB Research said the construction of the Grade A Green Mark Platinum office towers would be completed in 2023.

It said, “We are optimistic on the rental prospects of this asset as quality office space is highly sought after with the expansion of regional technology/telecommunication sectors in recent years.

“Management also indicated that the initial response for leasing looks quite promising. Assuming a conservative rental rate of SG$10-SG$11 per sq ft, Central Boulevard can generate a whopping RM350-RM450 million in rental income per year.” with this, it will form good earnings base for the company to raise its dividend payout in the future. RHB has maintained its “Buy” call on IOI Properties, with an unchanged target price of RM1.38. Do read the full article here:
Article in nst.com.my

What’s the price as at 22 March 2022?

Source: google.com

The price today meant that there’s an upside potential of 38% from what RHB is targeting. I do not own any IOI Properties shares currently. Buying or not buying is your own decision yeah. Just note that dividend yield which is at 2% based on current price will only be increasing if the contributions from the Central Boulevard is coming and is really as per expected.

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Property is no longer a key retirement asset

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