Get Ready for Take Off to 0.50 !!! LKH already fasten his seat belt. Have you ?

kikiki.... better late than never ...very low downside risks ma

kikiki... 0.465 looks yummy

Iwcity sister Buy Vol is edging up

Sold some Ekov and switch to IWcity at 0.46

IWCITY now 1 bid ahead at 0.47

I think IB knows something gonna happen soon that's Y the Buy pressure these few days

IWCITY Wow green green now 0.47 kikiki

Wow green green 0.47 kikiki

Haha ...when price below 0.40 ..many wants lower , when price below 0.45 still waiting lower....what happens if price go above 0.50 ...all disappears ...lolzzzz

too slow many here cut loss too

For those who chose to Wait ...u sure it's a good idea ? Price going up 1 Sen at closing daily ...

Bandar Msia and RTS trend coming back Liao ...Lai Lai Mari Mari

http://chanky50.blogspot.com/2009/04/tebrau-teguh.html

China’s CCCC to build bridge for Johor Bahru–Singapore RTS Link

BNM cutting OPR to new low on MAR 2021 meeting...Buy Call on Property counters

2million unit of share being executed at the price 0.465 at the time of 4:36:56pm

Botak dead cat bounce back with surprise announcement soon ! Stay vested

BOTAK LKK BUY CALL STARTED !!!!

BOTAK LKK BUY CALL STARTED !!!!

0.460 been idle since morning ...0.465 bought some

Thank you sellers...IWCITY is a hidden GEM !

wont go lower ...sell sell sell...lolzzz

‘RTS Link will add value to Iskandar Malaysia properties’

IWCITY FUTURE prospect KILL 2 Bird with 1 hammer!

Below are our study notes on Bandar Malaysia.

IWCITY is related to Bandar Malaysia. Refer study note #5 below.

BANDAR MALAYSIA, THE LARGEST DEVELOPMENT PROJECT EVER. Bandar Malaysia is Malaysia’s biggest development project in Malaysian history. It has a Gross Development Value (GDV) of RM140 billion.
INTEGRATED DEVELOPMENT. The RM140 billion integrated development will feature integrated components covering finance, technology, medical science, education, tourism and entrepreneurship, as well as being an intelligent city.
RESTART PROJECT IN 2021. The Bandar Malaysia was slated to begin in March 2020, but had been delayed due to Covid-19 Project Master Developer. It is expected to restart in 2021 – exact month and date to be announced.
MR. LIM KANG HOO, EKOVEST, IWCITY. Refer figure above for shareholding structure:
Bandar Malaysia’s master developer is Bandar Malaysia Sdn Bhd.
IWH-CREC owns 60% of Bandar Malaysia Sdn Bhd.
Iskandar Waterfront Holdings owns 60% of IWH-CREC.
Mr. Lim Kang Hoo owns 63% of Iskandar Waterfront Holdings.
Lim is the controlling shareholder of both IWH and Ekovest - He holds a 63% stake in IWH and a 32.4% stake in Ekovest.
‘With the estimated gross development value of RM140 billion for Bandar Malaysia, Ekovest must have participation with IWH together with CREC,’ Mr. Lim Kang Hoo told The Edge in an interview on September 16.

Below are our study notes on Bandar Malaysia.

IWCITY is related to Bandar Malaysia. Refer study note #5 below.

BANDAR MALAYSIA, THE LARGEST DEVELOPMENT PROJECT EVER. Bandar Malaysia is Malaysia’s biggest development project in Malaysian history. It has a Gross Development Value (GDV) of RM140 billion.
INTEGRATED DEVELOPMENT. The RM140 billion integrated development will feature integrated components covering finance, technology, medical science, education, tourism and entrepreneurship, as well as being an intelligent city.
RESTART PROJECT IN 2021. The Bandar Malaysia was slated to begin in March 2020, but had been delayed due to Covid-19 Project Master Developer. It is expected to restart in 2021 – exact month and date to be announced.
MR. LIM KANG HOO, EKOVEST, IWCITY. Refer figure above for shareholding structure:
Bandar Malaysia’s master developer is Bandar Malaysia Sdn Bhd.
IWH-CREC owns 60% of Bandar Malaysia Sdn Bhd.
Iskandar Waterfront Holdings owns 60% of IWH-CREC.
Mr. Lim Kang Hoo owns 63% of Iskandar Waterfront Holdings.
Lim is the controlling shareholder of both IWH and Ekovest - He holds a 63% stake in IWH and a 32.4% stake in Ekovest.
‘With the estimated gross development value of RM140 billion for Bandar Malaysia, Ekovest must have participation with IWH together with CREC,’ Mr. Lim Kang Hoo told The Edge in an interview on September 16.

Ada BUY vol today ..more than 2x Ekovest ...ada + news ka?

Patient...patient...buy now and keep in fridge ... rm140 bil enuff for IWH IWCITY and EKOVEST to shares for 20 years !!!

Same level with Ekov at 0.465!

Those eager to sell now ...let them be ...hopefully no need to buy back higher later...lolzzz

Patient...patient...buy now and keep in fridge ... rm140 bil enuff for IWH IWCITY and EKOVEST to shares for 20 years !!!

IWCITY will fly first ya...lolzzz

IWCITY vs Ekovest which is a better bet and why ?

PLS almost limit up today ....LKH stocks

IWCITY will get there sooner 0.65

TEBRAU TEGUH BHD (TTB) had its first taste of success in its bid to become a high-end property player, showing that an almost two-year transition, driven by its biggest shareholder Iskandar Waterfront Holdings Sdn Bhd (IWH), has worked.

The maiden launch of its first high-end project, Botanika @ Tebrau Coast, on May 10 and 11 attracted good response. The first block, comprising 264 residential units priced at RM550 psf, was sold within hours via balloting, TTB says in a statement.

Executive director Calvin Wong says 70% of the buyers were from Johor, with the rest from Singapore. He notes that the price was at a premium to the market rate in the vicinity of less than RM500 psf.

Botanika @ Tebrau Coast is a waterfront development that spans 12 acres and comprises three high-rise blocks with a total of 792 residential units. It overlooks Sungai Tebrau and Sungai Plentong, and is accessible to the Customs, Immigration and Quarantine Complex and to Singapore via the Eastern Dispersal Link Expressway.

“We are going through a transition into a different era, with a focus on high-end residential properties from housing developments previously. We want to create a different perception of TTB,” Wong tells The Edge.

The success of Botanika @ Tebrau Coast could serve as a catalyst for TTB, which saw its share price rise from RM1.24 at the beginning of April to settle at RM1.37 on May 14, giving it a market capitalisation of RM904 million.

In fact, in line with the boom in the Johor property market, TTB’s share price doubled over the past two years. IWH had acquired a 47.16% stake in the developer in August 2012 at 76 sen per share.

IWH, which is spearheading luxury waterfront developments in Danga Bay, Johor, is a joint venture between tycoon Tan Sri Lim Kang Hoo and Johor investment vehicle Kumpulan Prasarana Rakyat Johor Bhd (KPRJ), with Lim holding a the majority stake.

KPRJ has an 8% direct stake in TTB, apart from interests held through IWH.

When it was under KPRJ, TTB mostly focused on low and medium-cost housing in the state. But after the change in major shareholder two years ago, it made a strategic decision to go for high-end projects to boost revenue and yields.

The fact that TTB’s market capitalisation is now RM904 million, compared with its net asset value of RM542.8 million, shows that investors have high hopes for its landbank.

Wong believes the transformation will catapult TTB into a much more prolific player. Without revealing the potential gross development value (GDV) of projects in the pipeline, he says the company has close to 1,000 acres in the state that will be transformed into a waterfront development dubbed the “Tebrau Coast”, akin to the Danga Bay development under its parent, IWH.

The Tebrau Coast masterplan will see the creation of five new precincts — Tebrau River City Hub, Molek Landing, Plentong Cove, Tebrau Waterfront City and Tebrau Riverwalk — over the next 10 to 15 years.However, 70% of TTB’s Johor landbank is submerged and still needs to be reclaimed. This raises the question of whether TTB can be competitive without its margins being squeezed too much.

According to Wong, Botanika @ Tebrau Coast is giving TTB a “very good margin” at an average price of RM550 psf. However, it should be noted that this project is sited on 12 acres of ready leasehold land at Mukim Plentong with no need for reclamation.

On other projects, Wong says “I don’t foresee the [high cost of reclamation] being a challenge for TTB as the company has a track record in reclamation”.

He adds that the company will start reclaiming some of the submerged areas in Sungai Plentong area soon, and is exploring funding options. With more than RM63 million in debt and cash balances of just over RM80 million, it may need to recapitalise and gear up to fund the reclamation.

“The reclamation process and building of infrastructure will take a maximum of one year to complete,” Wong says. He would not say how much the reclamation would cost, but hopes to iron things out within the next “one to two” months.

The reclamation cost would add to TTB’s total land carrying cost of about RM586.6 million for 381.92ha or close to 1,000 acres, translating into RM14.30 psf as at December 2012.

However, Lim, the major shareholder of IWH and hence TTB, is no stranger to land reclamation. The tycoon used hundreds of millions of ringgit of his own money to kick-start the Danga Bay waterfront development almost two decades ago.

At that time, not many financial institutions were willing to fund reclamation projects as they did not want to take submerged land as collateral. But this did not stop Lim, who wanted to transform JB into a waterfront city like Hong Kong-Shenzhen.

He told The Edge in a past interview that he did not regret the purchase of over 2,000 acres of waterfront land at Danga Bay during the 1997/98 financial crisis for over RM250 million or a mere RM2.86 psf. He dismissed talk that he secured the waterfron

RTS Link will add value to Iskandar Malaysia properties’

By ZAZALI MUSA
METRO NEWS
Monday, 18 Jan 2021

THE Iskandar Malaysia property market will benefit immensely from the Rapid Transit System Link (RTS Link) connecting Johor Baru and Singapore development.

KGV International Property Consultants (M) Sdn Bhd director Samuel Tan Wee Cheng said in particular, properties located within a 5km radius from the RTS station would benefit the most.


“Connectivity and accessibility between Johor Baru and Singapore will be enhanced once the project is up and running by 2026, ” he said when contacted.

Tan said the project would help ease the infamous traffic congestion along the 1.05km Causeway, a road and rail link between Johor Baru and Singapore.

Completed in 1924, the Causeway is the busiest border checkpoint in the world, with an estimated 350,000 to 400,000 travellers daily before the Covid-19 pandemic affected travel between both countries last year.

Tan said compared to a few hours drive via the Causeway, during peak hours prior to the movement control order, the RTS services would offer seamless travel time below 10 minutes.

“Residential developments in Johor Baru, especially those within close proximity to the RTS, will attract demand for various groups, ” he added.

They include Malaysians working in Singapore, Singaporeans capitalising on the relatively lower cost of living in Johor Baru as well as investors.

He said better connectivity and accessibility would also boost demand for commercial developments in the Iskandar Malaysia region.

Tan said some companies in Singapore might set up businesses in Iskandar Malaysia to capitalise on its lower cost base, once the bad traffic congestion of the Causeway was resolved.

“Nevertheless, the boost in demand for commercial development will take time and other factors such as government policies as well as social, economic and political dynamics come into play in attracting these businesses, ” he pointed out.

In general, Tan said, the demand for high-rise residences close to the RTS station would also improve, but that depended on a confluence of other interrelated factors, including the economic outlook and sentiment, job security and bringing the pandemic under control.

The take-up rate for different locations and projects would vary with some locations or projects seeing immediate improvement in terms of take-up rate and price while others would take longer to pick up, he said.

In drawing a comparison, he added that the price range for new high-rise residences in locations near Johor Baru city centre was around RM600 to RM1,200 per square foot, while the average price of condominiums in Woodlands, considered an outskirts area, was around S$1,000 per square foot (RM3,000).

“The price disparity will be far greater if we were to compare it to prime locations in Singapore where the high-rise property is easily three times more expensive.”

Tan said once the RTS Link was ready in six years and the pandemic brought under control,

businesses in downtown Johor Baru and matured housing areas would definitely improve.

More day-trippers and weekend travellers from Singapore would venture across to Johor Baru using the RTS Link service.

“This is especially so if the relative currency rate remains favourable to the Singapore currency, ” he added.

Tan Sri Dato' Lim Kang Hoo is a businessman with over 42 years of experience in the construction industry and machinery related industry. He started his involvement in the construction industry soon after completing his secondary education, assisting the family construction business. His dynamism and vision coupled with experience saw the companies that he leads grow by leaps and bound. At present, he is the Executive Chairman of PLS Plantations Berhad and Executive Vice Chairman of Iskandar Waterfront City Berhad which are public companies listed on the Bursa Malaysia and also a Director of several other private limited companies. His vast experience in the construction industry had been instrumental to the growth and development of the Ekovest Berhad Group.
Family relationship with any director and/or major shareholder of the listed issuer Brother to Dato' Lim Hoe, father of Mr. Lim Chen Thai, uncle to Tan Sri Datuk Seri Lim Keng Cheng and Mr. Wong Khai Shiang and granduncle to Mr. Lim Ding Shyong.

Tan Sri Dato' Lim Kang Hoo is also a major shareholder in Ekovest Holdings Sdn Bhd.
Any conflict of interests that he/she has with the listed issuer NIL
Details of any interest in the securities of the listed issuer or its subsidiaries Ekovest Berhad:
Direct Shareholding - 532,526,093 ordinary shares (19.75%)
Indirect Shareholding - 298,000,032 ordinary shares (11.05%)

PLS Plantations Berhad:
Indirect Shareholding - 292,028,800 ordinary shares

https://youtu.be/TVp4PIfzDtQ

IWCITY last time known as Tebrau Teguh has acquired plenty of landbanks near RTS sites ... buy now and keep in fridge

IWCITY close green 0.465 ...Botak nett value increased ...

Keep on holding ya Good News coming soon

How come looloo lcng123 .....etc etc ...all no posts or comments ...Fake newbies or account by the SHARKS ..becareful and beware

RM10m fines against AirAsia, MAS over short-lived collaboration justified, says MyCC

https://www.straitstimes.com/business/economy/brace-yourself-long-haul-travel-may-not-get-going-until-2023

Brace yourself: Long-haul travel may not get going until 2023

Business
Singapore Airlines posts S$142 million loss in Q3 2020 as passenger numbers plunge 97.6%! !!

UEMS - 0.39 to 0.410 +0.015 (3.80%) ...congrats vested

UEMS - 0.39 to 0.410 +0.015 (3.80%) ...congrats vested

https://www.theedgemarkets.com/article/malaysiaonly-hsr-line-would-have-similar-earnings-impact-local-construction-firms-%E2%80%94-affin

Last min 800k buy up 0.410 till closing ...huge push UP...tmr will be a FLY day for UEMS