What statement is this?? Answer STP2 lor



Anti_debt Stp1 almost complete. Where got land to build property?
07/09/2015 09:42

This maybe the last approved reclamation and there is no more land on island anymore apart fr the 20 yrs STP2 project. The stake will be high as transportation will improve in the island and being last chance to own a property there. That's why there were 3,000 recorded interest in the latest tamarind phase while 90% take up in previous launch. Good to note previous interest registered prior to the 90% take up was below the 3000 shown this round

With Tamarind recent new phase and 90% on previous opening phase take up at the back of RM908m unbilled, UK PLC will bring down gearing to 0.3 while STP2 will provide continuation. This does not include their other endeavor in Iskandar with Khazanah and Temasek, and also their other land in City of Elmina.

Once pushed up after STP2 approval which is back to back with the PDP and PTMP already awarded by Penang state govt, the price will be above rm2.00. GK Goh strategy will pay off while UK PLC company is already registered, just awaiting transfer of asset, the gearing for E&O will be reduced to 0.3.

SGD to MYR = 3.02 from earlier 2.6X 6mths earlier. Avg Singapore HDB already SGD700k. With the Malaysian govt requirement of RM2M purchase for Foreign home ownership, SGD for RM2M is only SDG660k at present exchange! In addition GK Goh as pointed out will be buying value @ this exchange rate. While many laugh that Sime sold their stake, it was a strategy to regroup their property segment that didn't go right because GK is closer to MGO than Sime.