Last Friday, I was at the Prestigious Developers Awards 2016 organised by Property Insight at the Shangri-la Hotel Kuala Lumpur. When I arrived at the main ballroom, there were already lots of developers, all dressed to their best and I think the atmosphere was positive. Perhaps some of them already know that they won awards? … Read moreProperty Insight Prestigious Developers Award 2016
Another good news from a not so good property market. We should keep noting all these because there are always developers whose products are somehow less affected or even still doing fine. Hua Yang’s pre- tax profit for the second quarter ended Sept 30, 2015 has increased to RM38.2 million versus RM35.2 million in the … Read moreHua Yang: Revenues are up, profits too.
I always smile whenever I read about non-developer listed companies announcing to the world that they are going to do property development. It will help to increase their profits. Truthfully, what happened to their core business? Why is the core business not doing as well nowadays? Is it because they are no longer competitive in … Read moreNeed more profits? Just become a developer.
Want to know what’s the net profit margin for one of Malaysia’s most famous developer, SP Setia? It’s 12.83% for first 6 months. For the first 6 months, it’s net profit stood at RM328.51 million versus a revenue of RM2.56 billion. YES, this is just for 6 months. Yes, the margin is not that amazingly … Read moreFirst 6 months, SP Setia’s net profit margin at 12.83%
Honestly, I would not buy a property even if it comes free with a nice car. The reason is simple. I am going to be the one actually paying for it anyway because the price of the car would have been included into the property price. This is especially the case when every house bought … Read moreBuy property and stand to win Mini. Not bad at all.
Remember the iconic Battersea Project by SP Setia and partners? My neighbour’s son, who’s about my age bought one unit! Sometimes I do wonder why some people can be so rich. Haha. Anyway, if you want to know my neighbour’s son is in the financial market, some positions with a global bank and should already … Read moreBattersea by SP Setia and co, dismantling work has started
It was reported that Kuala Lumpur City Hall (DBKL) will be serious in ensuring contractors and developers meeting the latest guidelines on providing accessibility for disabled persons in new development projects in Kuala Lumpur. This is as per the standard by the Department of Standards Malaysia. Kuala Lumpur mayor Datuk Seri Ahmad Phesal Talib that … Read moreFacilities for disabled, come on just do it developers, whoever you are.
Under a new programme called MyHome, a total of RM300 million would help the middle-class public to purchase low cost homes with reduced price. This scheme is eligible to those who are earning less tan Rm3,000 household income per month. Up to 10,000 units may be eligible for the subsidy this year. Example of how … Read moreMyHome subsidy scheme