The purpose for this blog is to share investment info in Malaysia, i.e. Bursa Malaysia, Malaysia Property, Fixed Deposit Rates etc.
This publication is for information purpose only, and must not be relied upon as an advice to buy or sell. I will not accept any liability whatsoever for any direct, indirect or
consequential losses (including loss and profit) or damages that may arise from the use of information or opinions in this publication.
Sources said on Tuesday at about 1pm the YTL Comms' name appeared as the winner of the contract on the Education Ministry's website but two hours later the announcement was taken off the website for reasons unknown.
A proof of concept is required before YTL Comms can embark on the first phase by rolling out access to at least 7,000 schools by Jan 1, 2012. Sources said the success rate of the proof of concept would be the determinant to the company bagging the contract or else another party will be chosen.
As mentioned before in my previous blog [Click here for Previous Blog], if you have bought shares for these companies, this big WIN will definitely improve their company revenue + potential of share price shooting up!!
For me: I wish YTL Communications or Telekom Malaysia Bhd/Time dotCom Bhd to WIN. :)
The Developer: IJM Land Berhad (formerly known as RB Land Holdings Berhad) which is the listed property development arm of IJM Corporation Berhad (IJM), one of the largest construction and infrastructure group in Malaysia.
Both IJM Land Berhad and IJM Corporation Berhad are listed on KLSE.
IJM Land Berhad is a famous developer in Malaysia and made its mark by delivering township developments in Penang, Klang Valley, Negeri Sembilan, Johor, Sabah, and Sarawak as well as in China.
Kinrara Residence @ Puchong ~ price from approx. RM566/ft2 (price info @ Sep 2011) ~ Alvarez @ Laman Granview is approx. 10% higher
Compare with other developments:
Nadayu @ Melawati ~ price from approx. RM855/ft2 (price info @ Jun 2011) ~ Alvarez @ Laman Granviewis approx.27% lower
The Reserve @ Puncak Kayangan Kemensah ~ price from approx. RM757/ft2 (price info @ July 2011) ~ Alvarez @ Laman Granview is approx. 18% lower
Cubist ~ Bangalow @ Twin Palms Kemensah, Ulu Klang ~ price from approx.RM535/ft2(price info @ June 2011) ~ Alvarez @ Laman Granview is approx. 16% higher[Click Here For My Previous Blog]
20 Trees @ Melawati ~ price from approx. RM442/ft2 (price info @ Sept 2010) ~ Alvarez @ Laman Granview is approx. 41% higher
My View:
The price/ft2 is approx. 10% higher than Kinrara Residence which is located in the same area and . Both developments are develop by famous developer in M'sia ~ Alvarez @ Laman Granviewby IJM andKinrara Residence by Mahsing.
The price is slightly higher, this might be due to better location, more facilities etc. So best way is to go there have a look, compare both development, before making any decision.
Based on 90% loan for RM3,300,000, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM14,872. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM14,872 per month to rent this?
Don't forget the approx. monthly repayment of RM14,872 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)
For buy & rent market, this is not really a good investment opportunity.
For own stay & hoping to sell it with profits in the future, you will need to check out the surrounding. If it is a successful development like Sentul or Desa Park City, you will have more chance to sell it with profits in the future.
Similar distance away from KLCC, you might want to consider Cubist ~ Bangalow @ Twin Palms Kemensah, Ulu Klang or 20 Trees @ Melawati which are cheaper in terms of price/ft2.
For own stay ~ this is all depends on what you like and affordability. Dream Home ^_*
The Developer: Wawasan Rajawali Sdn Bhd is a subsidiary of OSK Property Holdings Berhad which is listed on KLSE.
It develops various residential, commercial, and industrial properties, as well as offers property management services. The company's property portfolio includes commercial and housing development, supermarkets, shopping complexes, bungalows, and office buildings. OSK Property Holdings Berhad is based in Kuala Lumpur.
Location:
Cyberjaya is far away from KLCC, but it is just 20 minutes by road to KLCC during peak hours via the Maju Expressway (a mere 26km). It is next to Putrajaya.
Cyberjaya township launched in 1999 by the country's fourth Prime Minister YABhg Tun Dr Mahathir Mohamad, with the purpose to develop this area become Malaysia's First Intelligent City.
Serin Residency @ Cyberjaya ~ price approx. RM308/ft2 (price info @ Dec 2010) ~ Pan'gaea is approx. 36% higher
The Arc @ Cyberjaya ~ price approx. RM383/ft2 (price info @ April 2011) ~Pan'gaea is approx.10% higher
Gardenview Residence @ Cyberjaya ~ price from approx. RM451/ft2 (price info @ Aug 2011) ~ Pan'gaea is approx. 7% lower [Read My Previous Blog]
Also compare with developments located in prime location which are not far away from KLCC:
Boulevard Residence Damansara @ PJ~ price from approx. RM472/ft2 (price info @ April 2011) ~ Pan'gaeais approx. 11% lower [Read My revious Blog]
8 Petaling @ Sri Petaling ~ price from approx. RM346/ft2 (price info @ Aug 2011) ~ Pan'gaeais approx. 21% higher [Read My Previous Blog]
My View:
The price/ft2 is approx. 36% and 10% higher than Serin Residency and The Arc respectively. These developments are located in the same areas.
36% increased in less than a year, just around 6 months, you might want to ask yourself, is this normal? Is the price/ft2 increased sustainable?
Besides, if you look at the price/ft2 shown above for developments within Cyberjaya, the difference became lower n lower since Dec 2010..... from 36% down to 10% then now 7% less than Gardenview Residence. The price/ft2 has reached top end? Less n less ppl willing to pay higher price/ft2 for this area?
If you compare it with developments within prime location like PJ & Sri Petaling, the price/ft2 is lower for 8 Petaling @ Sri Petaling and slightly higher in Boulevard Residence Damansara @ PJ as shown above.
How long does it takes to fully developed an area before it became well known or consider as prime location by ppl? 10 years?
Based on 90% loan for RM188,800, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM850. If you are planning to buy & rent for investment, you need to take these into consideration: Will ppl willing to pay more than RM850 per month to rent a small place 450ft2 in Cyberjaya?
Don't forget the approx. monthly repayment of RM850 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)
If you want a bigger home for own stay and lower price/ft2, you might consider other options, check out my previous blog:
Sutera Residences @ Kajang ~ Semi-Detached House ~ size from 2,870ft2 ~ price from approx. RM296/ft2[Click Here For My Previous Blog]
RM420/ft2 for Pan'gaea @ Cyberjaya is consider high to me (at the top end). With this price/ft2, I prefer to invest in properties closer to KLCC.
Bank Negara introduce new rules! Starting 1 October 2011, regardless of when the transactions took place:
“The payment allocation requirement will ensure that payments received from cardholders will be used to settle balances that attract the highest rate of interest first"
Good news to us right? For sure it is!! :)
Unfortunately this is not a good news to the Banks as they will have less profit from Cardholders.
Bank Negara has also implemented following rules:
a) A restriction on the minimum annual income requirement for credit card eligibility set at RM24,000 (from RM18,000 previously);
b) Cardholders earning RM36,000 or less a year allowed to hold credit cards from only two issuers; and
c) The maximum credit limit for those earning less than RM36,000 per year capped at double the monthly income of the cardholder from each issuing bank.
All above changes will definitely reduce Bank's profit.
There are about 3.2 million principal credit cardholders in the country with outstanding credit card debt at RM30.8billion as at the end of 2010, compared with RM26.7billion in 2009 and RM23billion in 2008.
Say due to payment allocation requirement, the Banks get around 1% less profit of the total outstanding debt of RM30.8billion = RM380million loss!!
