Cubist ~ Twin Palms Kemensah

Project name:          Cubist ~ Bangalow

Area:                       Twin Palms Kemensah, Ulu Klang
Developer:               Venus Capital Corporation Sdn Bhd (http://www.lumchang.com.my/)

Type:                       Bungalow

Tenure:                    Freehold
Price range:              from RM2,550,000 
Size range:               from 4,770 to 5,981 ft2

Price/ft2 range:        approx. RM535/ft2
Total Units:              42 units

*Above info @ June 2011 

You can get more info from following website:
http://www.twinpalms.com.my/kemensah/

http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2106

The developer: 
Venus Capital Corporation Sdn Bhd is a wholly-owned subsidiary of Lum Chang (founded in Singapore)
which started development since 1979 (approx. 32 years in business) and majority of their developments are in Selangor,Kuala Lumpur as well as in Singapore.
They are the one who initially developed and built Kuala Lumpur Golf & Country Club (KLGCC) which is now owned by Sime Darby.

Location:

Kemensah is quite far away from KLCC, it is closed to Taman Melawati and Wangsa Maju.

Google Map

Map data ©2011 MapIT - Terms of Use Map Satellite Hybrid

Price:

The price/ft2 is approx. 41% lower compare to another development in Kemensah: 

• The Reserve @ Puncak Kayangan Kemensah ~ price approx. RM757/ft2 (price info @ July 2011)(http://www.iproperty.com.my/news/taggedArticles.aspx?tagid=3227&nid=3876)

Another example, the price/ft2 is approx. 68% higher compare to another development in Kajang: 

• Ramal Villa @ Kajang ~ price from approx. RM318/ft2 (price info @ Jan 2011)(http://www.evesuite.com.my/main.html)

For closed by development in Melawati:

• 20 Trees @ Melawati ~ price from approx. RM442/ft2 (price info @ Sept 2010) ~ Cubist is approx. 21% higher
• Nadayu @ Melawati ~ price from approx. RM855/ft2 (price info @ Jun 2011) ~ Cubist is approx. 60% lower 

My View:
The price/ft2 is approx. 41% lower than The Reserve which located in the same areas, yet this might be due to The Reserve provide bigger surrounding land for the Bungalow.

This development is about the same distance away from KLCC if you compare with Kajang, but the price/ft2 is a lot cheaper in Kajang. So if you want bungalow life with cheaper price, you might consider Ramal Villa.

Compare with one of the famous development, 20 Trees  @ Melawati by SDB Properties Sdn Bhd, the Cubist is approx. price/ft2 is approx. 21% higher. Although the price is @ Sept 2010, but 21% difference in less than a year seems high.

Nadayu @ Melawati by Mutiara Goodyear Development Bhd, another famous development in Melawati and the price is a lot higher compare to Cubist but Nadayu's bungalow each come with a private pool. Is it reasonable to pay 60% more just to get a pool?


Based on 90% loan for RM2,550,000, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM11,492.

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.

For own stay ~ this is all depends on what you like and affordability. Dream Home ^_*

Timecom & Puncak ~ Did you make $$$ too??

PUNCAK (6807)

I have posted about this share previously on 5 September 2011:
[http://awonginvestment.blogspot.com/2011/09/puncak-drop-around-63-potential-share.html]

At that time, the share price was 1.13 vs current 1.28 (approx. 13% increased)

This is mainly due to the following news:

a) Possible take over of Indah Water

• 1Malaysia Development Bhd (1MDB) said it is evaluating a plan to privatise Indah Water Konsortium Sdn Bhd (IWK), the national sewerage company.
• It is believed that 1MDB is part of a consortium that intends to take over IWK. The other member of the consortium is believed to be either Puncak Niaga Holdings Bhd or controlling shareholders of the company.
• If this success, means more income to Puncak.

Read more: [http://www.btimes.com.my/Current_News/BTIMES/articles/SATUM/Article/index_html#ixzz1XSRAQsMm]

b) OSK upgraded this share

• Puncak Niaga Holdings Bhd rose the most in 34 months after OSK Holdings Bhd upgraded the stock following a Business Times report the Malaysian water treatment operator may join a group to take over the national sewerage company.

Read more: [http://www.btimes.com.my/Current_News/BTIMES/articles/20110909111543/Article/index_html#ixzz1XSRwNgps]

c) Puncak filed RM1.05billion claim

• Syarikat Bekalan Air Selangor Sdn Bhd (Syabas), a subsidiary of Puncak Niaga Holdings Bhd, has filed a RM1.05bil claim against the Selangor Government.
• If this success, means more income to Puncak.

Read more:
[http://biz.thestar.com.my/news/story.asp?file=/2011/9/9/business/9456388&sec=business]

TIMECOM (5031)

I have posted about this share previously on 29 August 2011:
[http://awonginvestment.blogspot.com/2011/08/timecom-share-to-look-at.html]

At that time, the share price was 0.53 vs current 0.61 (approx. 15% increased)

Unsure the reason for the increased. This might be due to the chance it get the initial school internet contract which I have discussed recently within my post:
[http://awonginvestment.blogspot.com/2011/09/rm45billion-school-internet-contract.html]


Hope you all make $$$ too!! ^_*

 

Neo Damansara @ Damansara Perdana by Paradigma Intan

Project name:          

Neo Damansara (Tower 2)

Area:                       
Damansara Perdana,
Petaling Jaya

Developer:              
Paradigma Intan Sdn Bhd
(http://www.emkay.com.my/V2/)

Type:                      
Serviced Residence

Tenure:                   
Leasehold (Commercial land title)

Price range:             
from RM260,000 to RM680,000

Size range:              
from 421 to 946 ft2

Price/ft2 range:       
approx. RM537 to 719/ft2

Total Units:             
266 units

*Above info @ July 2011 

You can get more info from following website:
http://v2.neodamansara.com.my/

http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2130

The developer: 
Paradigma Intan Sdn Bhd is a wholly-owned subsidiary of EMKAY Group 
which started development since 1983 (approx. 28 years in business) and majority of their developments are in Selangor and Perak.

Location:

Damansara Perdana is not far away from KLCC, it is closed to Taman Tun Dr Ismail (TTDI) and surrounded by few areas which have been developed successfully in the past eg. Desa Park City and Kota Damansara. 

Google Map

Map data ©2011 MapIT - Terms of Use

Price:

The price/ft2 is approx. 14% higher compare to another development in PJ: 

• Boulevard Residence Damansara @ PJ ~ price from approx. RM472/ft2 (price info @ April 2011)(http://awonginvestment.blogspot.com/2011/09/boulevard-residence-damansara-pj-by-ocr.html)

 Another example, the price/ft2 is approx. 4% lower compare to another development in PJ: 

• Eve Suite @ PJ ~ price from approx. RM560/ft2 (price info @ Feb 2011)(http://www.evesuite.com.my/main.html)
• in the market now is selling approx. RM512 to RM602/ft2 (you can search this in iproperty.com)

If you compare with 8 Petaling @ Sri Petaling which is slightly further away form KLCC, the price/ft2 is approx. 55% higher:

• 8 Petaling @ Sri Petaling ~ price from approx. RM346/ft2 (price info @ Aug 2011) (http://awonginvestment.blogspot.com/2011/08/8-petaling-by-petaling-garden-sdn-bhd.html)

My View:

Although price is slightly 14% more than Boulevard Residence Damansara @ PJ, this might be due to better location (nearby got Tesco, The Curve, Ikano etc.), better developer, more facilities etc. So best way is to go there have a look, compare both development, before making any decision. 

Total units is about the same, 266units vs Boulevard Residence Damansara @ PJ which have 300units.

Based on 90% loan for RM260,000, say BLR6.6%-2.2% = 4.4% interest per annum, for 30 years. The monthly repayment is approx. RM1,171. If you are planning to buy & rent for investment, you need to take this into consideration. Will ppl willing to pay more than RM1,171 per month to rent a place in Damansara Perdana?

Don't forget the approx. monthly repayment of RM1,171 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)

Another point, RM1,171 is for a small place of 421ft2, will it easy to rent out? Here is not like Hong Kong or Singapore, ppl in Malaysia normally prefer to rent a bigger place.

Although the price for this condo might consider reasonable compare to Boulevard Residence Damansara @ PJ and Eve Suite @ PJ,  but at the moment I still prefer others properties where the price is not more than RM400/ft2.

HUAAN ~ started to provide dividends

HUAAN (2739) http://www.sinohuaan.com/

Background:

• Hua-An Group is the first Red Chip counter listed on Bursa Malaysia
• Listed on KLSE on 26th March 2007. 
• Principal activities are production and sale of metallurgical coke.
• What is metallurgical coke?? It is a critical raw material used as energy source for the manufacturing of steel.

Current Share Price:  0.235

My View:

This share has drop around 43% recently since Feb 2011.

You can see from the graphs below which show the main reason why the share drop so much. Since the last so called "Recession" in 2008, construction industry in Middle East, UK & Europe drop dramatically and this reduced the consumption for steel in the World.

As mentioned above Huaan main business is "production and sale of metallurgical coke" which is a critical raw material used as energy source for the manufacturing of Steel.

Therefore,
less Steel Consumption = less production and sale of metallurgical coke = less profit to Huaan







I have invested this share for some time now. The reasons for my investment are as follows:

• Value drop significantly after the so called "Recession" 2008
• Net asset per share is 0.6238 ~ higher than current share price. Stay steady between 0.60 to 0.70 since 2008.
• One of the major shareholder is Lembaga Tabung Haji with approx. 8.35%

If you look at the graphs above, you can see the price for metallurgical coke became steady nowadays and less volatile compare to 2008. The construction industry still slow down at the moment in Middle East (except Qatar and Saudi which are still moving forward), UK & Europe.

To me, Steel is one of the main item within Construction Industries, thus invest in companies related to steel business still a plus for long term investment.

Huaan's production plant is located in China which give them better opportunity to market its production to nearby countries which required major construction now:
a) China (still booming at the moment)
b) Japan (re-construction due to Tsunami)
c) New Zealand (re-construction due to Earthquake)

You might want to consider other shares which related to steel business too:
a) Kinstel
b) Masteel
c) Ssteel
d) Lion Group