How to ‘make money’ from your home loan

At first thought, it might appear prudent to pay off a property loan as quickly and as soon as possible. However, consider using cheaper home loans to grow your net worth, says Lee Mun Wai in StarBiz’s Financial Snacks column.

Home loans usually have lower interest rates than vehicle loans and other unsecured credit, because the use of a home as collateral reduces the lender’s risk of financial loss.

So if you have other debts with higher interest rate, like credit card debts which have rolled over several months, pay these off first, before paying off your home loan.

If you don’t have other debts to pay off, consider using your excess cash to invest in solid, reputable investments (such as unit trusts, Amanah Saham Malaysia, real estate investment trusts, etc) that can potentially give you returns in excess of what your home loan is costing you.

If your home loan is costing you 5% but you can derive returns of 8% from your investments, you are growing your net worth by 3%!

If your home loan terms are not very good, if the interest rate has dropped since you first executed your home loan, consider refinancing it. Refinancing a RM1mil, 30-year loan from 7.5% to 6.5% would save more than RM240,000 in interest over the life of the loan, or more than RM150,000 in today’s dollars given a present value discount of 3%, all other elements remaining equal. Despite market turmoil, interest rates remain at attractive levels.
Source by: The Star

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

How to choose a home loan

TO the common folk, choosing a home loan is almost as hard as choosing the property itself. If you’re currently in the midst of shopping for a home loan to buy your dream house, here are six things you should consider before making what could arguably be the biggest financial decision of your life.

 

1) Type of home loan

First and foremost, consider what works best for you: a traditional term loan or a flexible home loan (flexi-loan). A traditional term loan requires you to pay a fixed amount each month for the entire tenure of your home loan (eg. 30 years), while a flexi-loan gives you the option of reducing your interest whenever you wish (i.e. by saving your extra money into a linked current account. The more you save, the less interest you pay).

If you have a strict and predictable cash-flow pattern, a traditional term loan may be best. If you prefer flexibility in paying off your loan, a flexi-loan is recommended.

 

2) Interest rate

As with all loans, your priority should probably be to go to the bank that offers you the lowest interest rate. Let’s consider a home loan of RM500,000, over a period of 30 years. The difference in interest payment between an interest rate of 4.2% and 4.15% (i.e. a mere 0.05%) could be well over RM5,000! 3) Margin of financing (how much you can borrow)

Depending on various factors which include the value of the property as well as your standing with the bank, different banks may offer you different margins of financing. As you will be required to pay any amount not covered by the home loan upfront, this becomes very important, especially if you’re short on cash.

Let’s consider a house that costs RM500,000. You will need to pay RM100,000 upfront if your margin of financing is 80%, but you will only need to pay RM50,000 upfront if your margin of financing is 90%. 4) Lock-in period

Lock-in period is the period you will incur a penalty if you choose to pay off your home loan in full before it reaches the end of its tenure. Usually, the penalty is between 2% and 3% of the principle loan amount. When it comes to choosing a home loan, it pays to have a lock-in period that is as short as possible with a penalty that is as low as possible. Also, some banks do not charge a penalty at all if sufficient notice is given. 5) Fees & charges

A home loan application involves professional and government-regulated processes. This includes preparation and disbursement of loan agreement, payment of stamp duty and processing by the bank, just to name a few. All these processes usually come with fees and charges that will be borne by you, the buyer.

In certain cases, it may also be wholly, or partly ,borne by the banks as part of your loan package. Hence, it is best to sit down with the loan officers (with all the banks you are considering taking your home loan from) and get them to run through with you the fees and charges that will be incurred. The task may be repetitive and time-consuming, but it will be time well spent.

 

6) The bank

Lastly, understand that you’ll be dealing with the bank on a frequent basis for as long as your home loan is in effect (which may be 20 to 30 years). With that in mind, you should probably choose a bank you are comfortable with. Some of the things you may wish to think about include:

·Do you have an existing savings or current account with the bank (for ease of inter-account transfer)?

·Are you satisfied with their standard of service?

·Is a local branch available near your home or office?

·Do you consider the bank to be trustworthy and reliable?

·Does the bank offer value-added services that will make your life easier for the long haul?

·How is the bank’s reputation as a whole?

·Does the bank provide online banking facilities? This will allow you to pay your instalments easily.

·Is your loan officer approachable? Can you call him when you have a question?

 

Source by: The Star

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Well-planned land transport network can boost Greater KL area

A SOUND and well-planned rail network inclusive of the upcoming Klang Valley Mass Rapid Transit (KVMRT) Line 2 will form the spinal cord of Kuala Lumpur’s public transportation system that will not only improve the liveability of the Greater Kuala Lumpur (KL) dwellers, but more importantly support the sustainability of the city’s future development.

In recent years, the country’s economy as well as construction industry have been largely buoyed by the massive multi-billion investment to improve the capital’s public transport network.

Syarikat Prasarana Negara Bhd is now in the midst of developing its RM7bil light rail transit (LRT) extension and MRT Co is currently overseeing the construction of the RM23bil KVMRT Line 1 from Sungai Buloh to Kajang.

Currently, the market is anticipating the approval of the KVMRT Line 2 that spans from Sungai Buloh to Putrajaya with an estimated cost of RM25bil.

Land Public Transport Commission (SPAD) chief executive officer Mohd Nur Kamal confirms that the feasibility studies for KVMRT Line 2 is completed and is awaiting Cabinet approval.

According to the the National Land Public Transport Masterplan (final draft), the KVMRT Line 2 or the North-South Line is meant to link developing areas such as Sungai Buloh, Kepong and Selayang with the eastern side of the city centre including Kampung Baru and Tun Razak Exchange.

The third line or the circle line should provide an orbital link between areas such as Mid Valley, Mont Kiara, Sentul Timur, Ampang as well as the planned Matrade.

The KVMRT project, consisting of three lines, is expected to have a total network of 145 km.

By the time the KVMRT Line 1 is completed in 2017, it is expected to carry some 384,000 passengers daily.

A MRT rail system would require some 20,000 passengers per hour per direction to be feasible.

The Greater KL Land Public Transport Master Plan sets out an integrated 20-year plan to transform land public transport in the region responding to local needs and aspirations.

While this investment does give a shot in the arm for the country’s economy in the short term in view of a sluggish global environment, it is interesting to look further into the future at what these rail networks really means tothe Greater KL development. Ideally, Malaysia has the aspiration to be ranked in the top-20 city economic growth while being among the global top-20 most liveable cities by 2020 via nine entry point projects (EPP) which include improvement in land public transport services and networks.

And most of these pertinent issues are highlighted in the country’s first land public transport blueprint.

In the masterplan, Greater KL was identified as the critical economic growth centre as over 37% of the nation’s gross national product is identified as being related to Kuala Lumpur and Selangor.

The region comprises Kuala Lumpur, Putrajaya, Klang, Kajang, Subang Jaya, Selayang, Shah Alam, Ampang Jaya and Sepang.

The 2010 census identified a regional population of 6.3 million in Greater KL that reflects an additional 1.7 million people living in the region compared to 2000.

The largest growth has been to the south and west of Kuala Lumpur in districts such as Sepang, Petaling Jaya and Putrajaya.

“The KVMRT project involves the construction of a railway network which will form the backbone of the Klang Valley’s public transport system.

“The project is a crucial component of the Greater KL National Key Economic Area and is the largest infrastructure project in the country.

“It will significantly improve the coverage of rail-based public transport in the Klang Valley and enable 50% of all trips in the Klang Valley to be done on public transport by 2020, up from the current 17%,” said the masterplan.

While this is a positive aspiration, alarmingly, the masterplan identifies that in recent decades the mode share of land public transport in the morning peak has fallen from 34% in the 1980s to 10%-12% in 2008.

“This share is relatively low compared to other international cities such as Hong Kong at 90%, Singapore at 63%, and London at 55%.

“This reduction in land public transport usage reflects the increase of the highway network supply, changes in household characteristics, the affordability of cars and poor quality of public transport,” it said.

On its economic benefits, the masterplan describes historical data in Malaysia and around the world indicating a correlation between GDP and mobility growth – increased population, employment and economic activity always translate into higher mobility requirements.

“In this context, a first-class land public transport system is especially important given our immediate aims as outlined in the Economic Transformation Programme’s 6% annual growth and 3.3 million new jobs by 2020.

“Travel vehicle demand grew from 13 million trips per day in 1991 to 40 million in 2010. Projections point towards this trend as continuing in Malaysia, with the figure expected to reach a staggering 133 million in 2030,” it said.

The masterplan adds that with urbanisation expected to reach 7% by 2020, there is a need to enable an efficient and smooth flow of people, which in turn also enables growth of new urban areas through increased connectivity.

“Beyond satisfying a growing demand, land public transport plays a catalytic role in accelerating and shaping economic growth. Provision of effective public transport services has the potential of opening up new growth clusters, enhancing the attractiveness of existing clusters and driving urban revitalisation.

“And there are other positive spill-over effects of increased economic activity built upon an advanced land public transport network – it yields employment and business opportunities in local economies by having synergies with other industries like advertisement, retail and property development,” says the masterplan.

 

Source by: The Star

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Which malls in Damansara face the right direction and do well

In this the penultimate article in our environology tour of the Klang Valley, let us take a quick look at parts of Damansara that we missed during our tour of Petaling Jaya.

Damansara is a subdivision within the Petaling district and was named after the Damansara River.

For some reason, there is an allure to the name and every housing estate or township bearing the word “Damansara” is elevated to “much desired” status, at least to outsiders. To date there are Bandar Sri Damansara, Damansara Damai, Damansara Impian, Sutera Damansara, Saujana Damansara, Damansara Jaya, Damansara Perdana, Damansara Utama, Damansara Kim, Flora Damansara, Mutiara Damansara, Sunway Damansara, Kota Damansara, Damansara Emas, Pelangi Damansara, Damansara Idaman, Damansara Lagenda and Ara Damansara, not to mention townships such as Bandar Utama, Bukit Lanjan and Tropicana which do not bear that darned name!

The area is well known for its status as the so-called Golden Triangle of Petaling Jaya, boasting of upmarket shopping centres such as One Utama, IPC Shopping Centre, Ikea and the Curve. Nearby in Damansara Utama or “Uptown” there is a commercial centre with a high concentration of banks and food outlets.

However, success is not uniform within Damansara. The Atria, for example, struggled to re-establish itself among shoppers. When Damansara Jaya was first developed, all the fancy places in Bandar Utama, Damansara Perdana and other such places did not exist – they were all jungle and orang asli settlements.

Back-to-back malls

The developer, Paramount Garden, built not one but two shopping malls back-to-back. Clearly it wanted to establish its mark in the as-yet-undeveloped territory. Each mall was four storeys high and had its own three-storey car park. It may have sounded luxurious but the number of parking bays was woefully inadequate.

One of the buildings was occupied by French department store, Printemps, while the other hosted Kimisawa (a joint-venture between Japan’s Kimisawa and the now-defunct Emporium Holdings group). It was east-meets-west at its best but the 1988 economic recession forced both establishments to close.

This was followed by a succession of operators such as Parkson Grand, Tops and Giant but the Atria was unable to regain its former glory. Today, new owners OSK Property has demolished the site and is building two 16-storey towers with a four-storey shopping podium, due to be completed by the end of this year.

The demographics and infrastructure look promising but will the new development achieve and sustain success? What about the long term sustainability of other commercial projects as well as the residential properties?

As we have reiterated several times in this series, landform plays an important role in determining a property’s conduciveness for success. The flow of natural energy determines whether a location is harmonious and attractive to life.

Earth energy

Earth energy originates from mountaintops and flows downhill to the lowest point. It moves in a vortex pattern and its path is determined by land contour and soil composition. This energy flows strongly down steep gradients. This form of energy is powerful. Properties that are orientated to face uphill terrain get bombarded with this energy and this overwhelms the occupants.

In such situations, properties should face downhill so that their backs provide a shield against the oncoming energy.

The strength of earth energy diminished significantly when it comes against a medium of different rigidity, such as bodies of water. Here, the energy is deflected and reflected. If the shape of the river, sea or lake is parabolic or concave, the rebound energy is collected in a homogenous and gentle pool.

This form of energy is very conducive to life. It attracts living beings and humans alike, and makes the area thrive.

Parts of the Damansara area are hilly, particularly around Bukit Kiara, Lanjan and Penchala. These are part of an offshoot from the mountain claw that forms the Klang Valley. These hilly ranges continue to branch out further into tiny claws, creating an undulating terrain throughout.

Hilly terrain

As with all hilly terrain, there are also rivers and streams running through the area. Many have been converted into drains (some of which are covered) while the more prominent ones such as the Ara River can still be seen.

This river begins in the north somewhere near Kampung Sungai Penchala. It flows south and cuts through Taman Tun Dr Ismail before crossing the Damansara Puchong Highway (LDP) into SS 21.

There is another river originating from the Tropicana Golf & Country Resort, which flows east and then south to join the Ara River. It forms a confluence off Lebuh Bandar Utama and PJU 1/4F. The river then flows east through PJU1A, and south through Glenmarie and Shah Alam to join the Klang River.

Kota Damansara also has a river that originates from the Kota Damansara Botany Park. There are many other streams tucked away between different developments, too many to mention here.

According to environology principles, properties should be oriented towards an embracing or concave river bank or shore. This is the most conducive and ideal side of any river. Properties on the opposite or convex side tend to fare less well. This is because the shape of the river bank acts like a deflecting dish, scattering rebounding earth energy rather than concentrating it.

The next best orientation is to follow the river’s flow direction and face a direction that parallels the downstream.

Atria

In the case of the Atria Shopping Centre, the best facing direction is slightly northwest towards the river. The next best direction is southwest. The landform here generally slopes downhill from east to west, which also supports the northwest orientation.

Among the two pioneer department stores that failed, we venture to guess that the northeast-facing one went first. Then, the management decided to connect both buildings together, which in turn forced the second mall to now have a northeast door as well!

Now that the twin-malls have been demolished to make way for the new Atria @ Damansara, it would be interesting to see its new orientation and how it fares.

As for the shoplots surrounding the Atria site, one would notice that those along SS 22/19 fare better than their counterparts at SS 22/25. Properties along the former face the river while those on the latter face high ground.

One Utama is a massive shopping mall that seems to keep attracting large crowds. Its development is also integrated with nearby towers such as the One World Hotel, IBM/KPMG Tower as well as the Media Prima headquarters. This makes the mall a busy place indeed during the day.

The Ara River is located to the south of these buildings and flows from northeast to southwest. Thus the best direction for buildings here is south or southwest.

One Utama

The Old Wing of One Utama was fortunate enough to have a main entrance that opens to Jalan Dataran Bandar Utama, giving it a southwest orientation. This is where taxis and drop-offs are done. It is also interesting to see that many eateries located along the Promenade – facing the LDP – tend to struggle.

According to environology, properties that face upstream collect detritus which cloud the judgement and minds of the occupants.

The New Wing of One Utama has its entrance facing the Central Park. This is an excellent orientation as it follows the river’s flow. Small wonder then that it remains a vibrant mall. Even the tower blocks have a southern orientation, which is great. Our congratulations to everyone for getting things right so far.

The Curve, IPC and Ikea have a unique footprint. The buildings are arrayed in a kidney shape. While it is unique and interesting, this presents some challenges from an environology standpoint. The curvature of the road creates pockets of concaves (good) and convexes (not-so-good).

The IPC and Ikea do not have the most ideal location as they are situated at the convex side. Their entrances open directly into the elbow. Furthermore a pond in the form of the Mutiara Damansara Recreation Park, is located behind the buildings.

The Curve

Comparatively speaking, the Curve and Tesco are much better off as their entrances open directly into the embrace. The only downside is that there is also another entrance off PJU 7/25 which is a convex; and Tesco has an entrance facing PJU 7/7 which is away from the Ara River.

Further north, there is another development that hoped to tap into the energy and excitement of neighbouring Mutiara Damansara, or is it the other way round? Damansara Perdana began much earlier, with the construction of the horseshoe shaped PJU 8 commercial centre.

Success is quite spotty here because there is a huge hill to the north. Properties facing south and southwest have the better orientation. Those facing north tend to struggle more to achieve and retain success. This would appear to go against common sense since shops facing PJU 8/1 have good frontage, but the results are clear.

Neo Damansara came much later and appears to be still trying to get on its feet. Could this be due to the complex’s north and uphill-facing orientation?

The nearby PJ Trade Centre is a rather unusual looking building because its frontage comprises a grey concrete wall! This is a departure from the norm of sleek glass facades for tall buildings. Perhaps the developer hopes to use the wall as a massive signboard sometime in the future.

In any case, though situated in a prime piece of property, the building’s entrance faces the hill. Its back is the LDP which has a lower elevation and forms a convex elbow to boot.

Finally, we come to Sunway Giza, Nexis and the rows upon rows of shophouses in PJU 5. This appears to be a bustling place with offices, shops, restaurants and reflexology centres seemingly everywhere. Limited parking spaces also add to the feeling of congestion and busy-ness.

The best orientation for properties here is south toward the river. They tend to do better than their back neighbours.

Source by: The Star

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Mahu mengenali Jutawan Hartanah (Faizul Ridzuan) dengan lebih dekat?

 

Interested? Kindly click on this link to join http://wtfuniversity.com.my/property/propcrownspecial/

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Moody’s: Govt likely to encourage growth in bank loans by 10%

PETALING JAYA: Leading provider of credit ratings, research and risk analysis, Moody’s Investors Service has maintained its stable outlook for the Malaysian banking system for the next 12 to 18 months in its most recent Banking System Outlook report.

Moody’s said the stable outlook reflected the expectation of a stable operating environment that would allow banks to maintain their good asset quality, as well as strong capitalisation levels and funding profiles.

However, that aside, Moody’s cautioned on the looming risk posed by the twin trends of household leveraging and pronounced house price appreciation, which could, in less favorable conditions, undermine asset quality.

To that, Moody’s analyst Simon Chen added: “However, we believe that the materialisation of this risk is unlikely within the timing horizon of our outlook.”

Chen expects post-election continuity, including the maintenance of accommodative government policies that will support robust growth in gross domestic product, estimated to be 5% in 2013, and a growth in bank loans of 10% for the same period.

“The key policies supporting this scenario feature government disbursements to implement infrastructure projects already in the pipeline, as well as accommodative monetary policies – globally and domestically – that would attract private sector investments, employment and consumption,” he said.

Moody’s report also stated that because impaired assets were at record-low levels, any further improvement in this area was unlikely.

“While pockets of the consumer sector may be taking on too much leverage, the associated credit risks should be contained for as long as interest rates remain low,” Chen said.

As the report noted, any upward movement in current low official interest rates would have a negative effect on various asset classes, such as export-oriented manufacturers, high loan-to-valuation mortgages and highly-leveraged households. Moody’s estimated that these asset classes accounted for less than 20% of all loans in the banking system.

Yet, Moody’s stress testing analysis indicated that the loss-absorbing buffers of Moody’s-rated banks would allow them to sustain a considerable deterioration in asset quality, while maintaining core equity tier-1 ratio above the regulatory minimum.

“Furthermore, capitalisation levels are highly unlikely to fall below current levels, as the banks manage their balance sheet growth against the higher capital requirements specified under Basel III, which will lock in existing buffers,” Chen said.

On liquidity, Chen opined that Moody’s expects the banking system to maintain robust levels, given that the banks have managed well their funding profiles, characterised by a stable average overall loan-to-deposit ratio of 79% and the availability of longer-term funding that the banks may obtain from the debt capital markets.

Moody’s rates eight commercial banks in Malaysia which held a combined 82% of total banking system assets as at end-2012.

 

Source by: The Star

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

New developer to take on its first project in Penang

NEW developer Gema Intan Sdn Bhd is set to embark on its first development project early next month in Penang, its managing director Teh Tatt Chin said.

Known as Skyview, the mix residential and commercial project will be built on a 1.18ha of land, formerly belonging to temple association Persatuan Leng Eng Siah Sam Ong Hu Pulau Pinang in Perak Road, Jelutong.

“The project will include six units of shop offices fronting Perak Road, followed by 12 shop lots, 252 condominium units and 109 low medium-cost apartment units.

“For the condominiums, we decided on luxury semi-detached homes with eight units per floor, serviced by four lifts.

“Residents can enjoy a super condo layout. They can have wet and dry kitchens as well as a yard. There will be two master bedrooms and at least three bathrooms per unit,” he said.

Teh said the low medium-cost apartments would also comprise of eight units per floor and be serviced by two lifts.

He added that negotiations with 34 squatters who had previously stayed on the land had been carried out earlier to make way for the project.

“The project is expected to be completed in three years,” he said after witnessing the project’s groundbreaking ceremony launched by Jelutong MP Jeff Ooi and Sungai Pinang assemblyman Lim Siew Khim on Monday.

 

Source by: The Star

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Pinnacle PJ limits office suite purchases to one unit per buyer

Once completed, it would be hard to miss the Pinnacle PJ project located just across from Menara Axis on Jalan Utara. With a modern and contemporary façade, the two commercial towers aim for a perfect setting for urban living, with office spaces, retail shops and a hotel.

It looks like within the property sales environment, the project is already making its presence felt, with its first phase of Offices and Loft Offices receiving positive response. The former are sized from 1,045 to 1,519 sq ft, while the latter are duplexes with built-up areas ranging from 741 to 1,000 sq ft. Both are priced at an average RM850 per sq ft.

The second phase, meanwhile, is made up of Office Suites, which are the smallest at 329 to 606 sq ft. They are priced at an average RM900 per sq ft, ie from RM300,000 to RM580,000. With marketing visuals that include cosy living rooms, these units may seemingly also be used for residential purposes, as verified by the sales assistant.

“Due to overwhelming response and interest received thus far on the Pinnacle PJ, we will allocate only one unit per eligible purchaser of the Pinnacle Office Suites,” stated the project’s website.

The office suites are also for residential purposes, commented one of the sales representative of Pinnacle PJ.

Many may consider this remarkable, given that these prices inhabit the higher range compared to other commercial projects within this vicinity. These include Centrestage in Section 13 and The School at Jaya One, both under construction. In these projects, office suites are priced at RM700 per sq ft and RM680 per sq ft respectively. For the latter, built-up areas range from 1,179 to 2,600 sq ft, and all have been sold, according to an exclusive agent for The School.

Already completed and located just across the Federal Highway, meanwhile, is PJ8 by IJM Land Bhd. When launched in 2005, the office suites were priced at approximately RM400 per sq ft, and sub-sale prices for the office suites now hover at around RM650 per sq ft.

Unit sizes at Pinnacle PJ are significantly smaller however, thus making their absolute prices lower. Also, the project benefits from being a short walk from the Asia Jaya LRT station, and having a prominent location next to the Federal Highway.

Pinnacle PJ is being developed by a subsidiary of J&C Homes Holdings Sdn Bhd and construction commenced in March. The project is targeted to complete by end 2016.

 

Source by: The Star

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Matrix Concepts plans launches worth RM680m

KUALA LUMPUR: Matrix Concepts Holdings Bhd, en route to a listing on Bursa Malaysia by June, is set to launch projects with gross development value (GDV) of up to RM680 million in Negri Sembilan and Johor.

Of the total, RM561 million, or 82 per cent, of the new launches will be in Negri Sembilan, including a RM400.1 million project in the company’s flagship township of Bandar Sri Sendayan.

Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin said the company is looking to provide more high-end residences in Bandar Sri Sendayan for local and foreign buyers.

“This is in tandem with our vision of creating a thriving integrated township,” he said in a statement last week.

The substantial portion of new launches in Negri Sembilan has enabled the group to take advantage of the increasing demand for residential and commercial properties in the state, Mohamad Haslah added.

“The thriving property market in Negri Sembilan is in line with the growing population here as a result of increased economic development in the state.

“We believe that our new launches are extremely timely to tap the thriving property market in Negri Sembilan as well as the rising demand for quality properties there,” Mohamad Haslah said.

Since its establishment in 1996, the Negri Sembilan-based property developer has developed RM2 billion worth of residential and commercial properties, mainly in Negri Sembilan and Johor. 

Source by: Business Times

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Property, construction blue chips to lead stock mart

KUALA LUMPUR: Property and construction blue chips such as Sunway Bhd, UOA Development Bhd, Mah Sing Group Bhd, Glomac Bhd, Gamuda Bhd, IJM Corp Bhd, WCT Bhd and Kimlun Corp Bhd are expected to lead Bursa Malaysia’s uptrend post-general election, said an analyst.

Affin Investment Bank vice-president/head of retail research Dr Nazri Khan said given the positive post-election sentiment and upside from properties and construction, these sectors are well positioned for the continuity of previous Economic Transformation Programme policies.

“The local benchmark is expected to hit the 1,800-level (led by the property and construction sectors) as the focus shifts to the continuity of pro-economic growth policies following the win of the incumbent government on May 5,” he said.

Nazri said local property and construction stocks have been showing the strongest market leadership post-elections.

“That is usually a good sign for the rest of the stock market. We believe property and construction stocks have at least two positive factors to sustain the broad market rally – early stage chart uptrends and fundamentally low price relative to the rest of the market,” he said.

He said the construction index hit a 13-month high while the property index recorded a major bullish breakout since 2000 (a 13-year high).

Nazri stressed that an upside by economically-sensitive property and construction stocks is a necessary ingredient in a healthy stock market advance.

“The fact that the bullish breakout in the property and construction sectors is relatively recent makes them the best rotational choice for post-election plays,” he said. Bernama

 

Source by: Business Times

 

 

Share if you like our post

  • Facebook
  • Twitter
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS