Puncak (6807) ~ Oops!! It Did It Again!!

On 25 Jan 2011, I advised that the price is back to the range where it was posted last time (5 Sept 2011) [Click here for my previous post].

Again in less than a week, it reached up to 1.36 ~ that's 20% increased ^_*




If you buy it after 5 Sept 2011, where the price has gone down to 0.95, you will make more profit. 
0.95 up to 1.36 ~ that's 43% increased

Anyway that is just an assumption, it is difficult to buy low and sell high. 

To me, as long as the net profit of my investment is higher than the FD interest, I'm more than happy :)
How about you??

Good luck in your investment!!

Puncak ~ Back to Similar Price

I have posted this share, Puncak (6807), since 5 Sept 2011 when the price was at 1.13 [Click here for my previous post]

In less than a week, it reached 1.35 ~ that's 19% increased ^_*

For your information, the price is now back to the range where it was posted last time - currently at 1.11

In my previous post, it states:

"Even things happened in 2009, until now Tan Sri Rozali Bin Ismail still working as the Executive Chairman. Wonder why? Must be a very powerful guy?"

Now I found the answer, he is one of the richest guy in Malaysia, ranking 37 with a net worth of USD155millions in 2011 [Info]

Malaysia with a population of approx. 28millions, do you think it is easy to reach the top? Rich ppl will get richer and more powerful all the time. That's reality.

To me this is another share which is worth to consider.

Again as mentioned in my previous post, One main point is Puncak have stop paying out dividends now. If you are not risk taker, you should consider put it in the bank for FD and get around 3% interest per annum.

Menara U2 @ Seksyen 13, Shah Alam

Project name:          
Menara U2
Area:                       
Seksyen 13, Shah Alam
Developer:               
Kenari Sukma Sdn Bhd
Type:                             
SOHO

Tenure:                   
Leasehold (Commercial land title)
Price range:             
from RM238,000
Size range:              
from 450 ft2

Price/ft2 range:         
from approx. RM529/ft2

Total units:               
474
Maintenance Fees:               
RM0.20/ft2
*Above info @  July 2011 

 

You can get more info from following website:
http://www.iproperty.com.my/developments/1498/Menara_U2_-_SOHO

The Developer: 
Kenari Sukma Sdn Bhd is a member of HR/Yuk Tung Group (http://www.hr-group.com.my/index.php), which incorporated since Feb 1997 (14 years in business).

The Group of Companies focus on property development in the Klang Valley and is currently working on several mixed development projects in Shah Alam, Bangi, Cheras, Sg. Besi, Mont Kiara and Jalan Yap Kwan Seng, Kuala Lumpur (KLCC area).

Location:

Distance away from KLCC is about the same as Seri Kembangan or Subang Jaya as shown below. The only difference is that Shah Alam has been well developed.

Google Map

Map DataMap data ©2012 MapIT, Tele Atlas - Terms of Use

Google Map

Map DataMap data ©2012 MapIT, Tele Atlas - Terms of Use

Price:
Compare with other developments within Shah Alam:

• 591 Damansara SA @ Shah Alam, section 24 ~ SOHO ~ price from approx. RM560/ft2 (price info @ May 2011) ~ Menara U2 is approx. 6% lower

                           

My View:

The price/ft2 is about the same when compare with 591 Damansara SA @ Shah Alam (shown above).

Menara U2 advantage:

• Squash Court
• Multi Purpose Hall & Badminton Court

591 Damansara SA advantage:

• Freehold
• less units; only 84 units whereas Menara U2 has 474units
• operated by world famous, Best Western International
• guarantees you an excellent investment with a 6.5% nett per annum rental yield for the first 3 years, with no maintenance fees during the leaseback period (you need to get more details from the developer as normally you might not get the exact 6.5% back)

Based on 90% loan for RM238,000, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM1,072. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM1,072 per month to rent this?

Don't forget the approx. monthly repayment of RM1,072 excludes following items:
a) Maintenance fees
b) Assessment tax
c) Quit rent
d) Interest rates increased for the loan (this is the main risk as BLR still low at the moment)

Grade A office space normally rent out approx. RM6/ft2. So for 450ft2, you might get rental approx. RM2,700/month. This estimate is on the high sides as don't forget the space you have is smaller compare to most of the Grade A office, therefore you will not get large companies as your tenant.

SOHO is still a new sector within Malaysia Property Market, so you might want to wait and see the response from investor before moving into this sector.

For RM529/ft2, I think most self-owned small business people will prefer to use their own house or condo which they can buy with less than RM529/ft2. What do you think??

Summary of KLSE Shares Posted by AWong Investment (updated 5 Jan 2012)

		Posted on		Price after Posted by
		AWong Investment		AWong Investment
Code	Share	Date	Price	Highest	%	Lowest	%	Current	%
7022	GTRONIC	08-Dec-11	0.840	0.850	1%	0.800	-5%	0.815	-3%
9679	WCT	25-Sep-11	2.000	2.680	34%	1.850	-8%	2.180	9%
3786	MAS	19-Sep-11	1.410	1.600	13%	1.230	-13%	1.550	10%
6742	YTLPOWR	16-Sep-11	1.790	1.930	8%	1.630	-9%	1.850	3%
0010	IRIS	14-Sep-11	0.145	0.185	28%	0.130	-10%	0.160	10%
2739	HUAAN	09-Sep-11	0.235	0.290	23%	0.185	-21%	0.260	11%
6807	PUNCAK	05-Sep-11	1.130	1.350	19%	0.950	-16%	0.975	-14%
5031	TIMECOM	29-Aug-11	0.530	0.750	42%	0.415	-22%	0.705	33%
					By AWong Investment