I already commented on Empire City under MKLand on 2 Nov. Locals are not buying anymore. Only a few singaporeans are buying. Property market will be extremely soft over the next 6-12 months. Its a buyers market and there will bargains galore soon. Many projects will be abandoned soon beginning with Empire City

I put my money where my mouth is. I bought at .30 and sold today at 0.44 making some pocket money for lunch

I already warned viewers some couple of weeks ago to avoid Empire City and Empire Damansara. I drive past these 2 projects nearly everyday and I have noticed work in nearly all the towers has somewhat stopped and predicted that Empire City will be abandoned even before Budget 2014. And the bankers financing these projects will run into trouble. This is the beginning of the bursting of the property bubble

RM 1.50 got to joking. What is NTA? 100% Sure jatuh below RM 1.00 after listing. Most property counters are trading currently at a discount to NTA including L&G, UEMS, YNH, UOA etc etc. That is why some have gone private like UMLand

Is sumatec a road to Holland as somebody said? i dont know but I just sold at 0.44 cts which i bought at 0.30 cts, a small profit of abt 50%

Smart move. Dont waste bullets. MUI is worse than a snail. Risk it on Sumatec. More potential n excitement if not too late. If possible get by end next week

Spot on. At least worth the risks. nothing is certain except death and tax

Pai keok mai means horse with leg injury. Such horses are considered useless by trainers and inevitably put to sleep in real life

From Budget day some property counters have declined by 10 to 20% whilst OnG counters have gone up by 10 to 30%

Good advice ktrader. Buy sumatec. Still got room to move. went in at 0.30 cts and OR at 0.085 cts. why waste time with property counters

I telling you guys MPC is a "pai keok ma".

I suspect Mahsing will go below RM 2.00 soon. It cannot meet its sales and profits target/forecast. All their marketing staff have left due to poor sales and non performance

Even EPF is selling off shares in UEMS. So is it worth holding?

I told you on Nov 1 sumatec has the potential to strike big didnt I?

Few years ago capital reduction 10 to 1 n now still trading at 14 cts? Duta yap has lost its midas touch in Yr 1996. Since then everything he touches turn to stone. He is not relevant anymore in KLSE n business industry anymore

Lots of people lost lots of money on this counter. Its a dead horse. Stay away. Soon PN17

Dont waste your bullets n opportunity costs on this counter. Unlikely to have any positive movement in the short to medium term

MK land is not on Funds managers radar screen for a long time. Its very badly run by family members from top to botttom. Even its co-founder n shareholder P Kasi was booted after some heated wrangling. Empire City and Empire Damansara land were originally owned by MKland but were taken out by its MD for a song and probably now JV with Empire Group. land is leasehold with an unexpired term of only about 60 years. If Mkland is so capable, why sell the land to its shareholder who then JV with Empire Group. Its bcos its gearing was too high. So buyers pls beware. caveat emptor

SP Setia will never be the same with the departure of LIEW. PNB & EPF can never manage it profitably and professionally. Too much meddling by politicians and lobbying by crocs. Funds will exit bringing price down to maybe even RM 2 - 2.5 in due course. Shld switch over to Focal Aims

Agreed. Just wait for it to come down below RM2

UEMS are not good builders or contractors bcos they dont have the expertise. They were the developer (50% UEMS 50% UMLand) cum project manager cum contractor for Puteri Harbour Residences and yet completion of this project has been delayed by some 12 months and quality is really bad. Pls check for yourself

Never had any MUI and never will

I beg to differ. MUI is a gonna case. its founder, KHOO, has lost his focus n interest. Even he has lost his wife in UK. Since 2000 many MD, ED n CEO such as Chris Boyd, Anthony Yap, Edward Tan etc have come and gone. In fact MUI have been stripping and selling its assets since 2000. It sold even its flagship office building, MUI Plaza to Hap Seng, at a low price and land at Lrg bkt Ceylon for a song in 2001. At one time its MING COURT Hotel was closed down and put up for sale with its adjoining land formerly called the Si RUSA INN.

pd57 n nallayak are wise n correct. Puteri Harbor residences completion delayed and will be paying out LAD soon. Pls read "double whammy for buyers" in STAR today. Same will happen in Iskandar. Stay away from property counters for the time being.

Sumatec has the potential to strike big despite risks. This is business is it?

I wont put all my money into mpc. Bill Chng was jailed for fraud/cbt in HK many years ago. MPC was trying to hoodwink Amanah Raya with its Lakehill Resort JV located in masai which is not feasible. Amanah revoked JVA and asked for money back but MPC was unable to pay back i believe

Iskandar is meant for the rich n famous and singaporeans. Its not meant for the average malaysians affordable housing as most projects are selling at RM 800 - RM 900 psf such as Puteri Harbour Residences by UMLand, Inperial by UEM, Project by Encorp, Meridin by Mahsing apart from 1 WCT earliest project in Medini and 1 or 2 in Danga bay by Trop and some singaporean developer at lower prices around RM 500 psf. When completed most projects will be vacant n untenanted as locals will not be able to afford to rent. Unless there is sudden boom in expatriates from singapore moving over to JB or singaporeans moving over to JB (politically sensitive) if tolls, immigration and time consumed in travelling to n fro are not a problem or inconvenience, there will be excess supply coming onstream with little hope of finding tenants. UEM's landbank are mostly in Iskandar apart from 1 in Bangi for landed and 1 in Cyberjaya for landed. Anything below RM 2 for UEM is worth buying for keeps longer term as UEM will be severly affected by Budget 2014 measures

Judging from your comments and english, you dont seem to be literate and able to write coherently and have a rational and logical discourse. So I dont think i want to waste time with a pariah.

Son, you must learn so that you wont be caught with pants down

Both Tropicana Gardens (Kota Damansara opposite Giza along trafiic jamed Jln surian n Pandora Box (adjoining Subang train station without access to Federal Highway at the moment) were/are selling at RM 800-RM 900 psf. Overpriced. Flippers and speculators will be caught buying units in these 2 developments. Too late now to let go. Holding costs will be a financial burden

Fortuneball, I just happened to know nearly every property counter and nearly every project they have built or being builded or being launched in KV n JB. I used to know Golden Triangle, WP and Selangor projects in my palm.

Fortunebull, you are entitled to your disagreement but I suggest you read and interpret very carefully. If commercial not subject to GST, why bother to even mention residential property is exempted. For that matter all materials all along the supply chain is subject to GST and all non essential food items. Unless najib screw up making a mistake

tROP will definitely slide further. Its highly geared and will be severly hit by DIBS and measures in Budget 2014. TS Danny Tan injected all his own land into TROP at inflated prices and TROP was trying to reduce gearing but could not make it in time. TROP was only able to sell off land IN USJ next to Commerce square to Mulpha

Not a single expert and analyst raise the issue of GST on property. If GST does not affect why is it then that it is announced in the Budget 2014 stating that "The sale, purchase and rental of residential is exempted from GST"?. If GST does not affect property, why is it then necessary to say residential is exempted? It implies ,I suspect, all commercial sale, purchase and rental will have to pay GST. Nearly all residences, service suites, service apartments SOHO, SOFO, VOFO etc etc are classified as Commercial under the NLC and in the Title. If that is the case then all such commercial will have no more buyers. So beware and be cautioned. Caveat emptor

Over paid for land in Puchong n Seri kembangan meant for highend high rise speculators. As such sales will be severly affected by measures in Budget 2014 and therefore not able to meet revenue and profits. TA report/analysis with TP at RM 4.04 is utter rubbish

The analysis by TA is utter rubbish and very unprofessional with TP at 4.04?

Highly geared. Overpaid for land in Puchong n Seri Kembangan meant for speculative housing n not affordable housing. Will be affected by Budget 2014

I strongly recommend u to sell MKLand and switch over to L&G which has better potential

Just for comparison to show how impossible it is to buy and own a house for fresh graduates/young couple. 30 years ago as a fresh graduate, my wife and I with a gross income of RM 3000/month bought a in Taman Tun Dr Ismail, KL for RM 150k. The same house today has a market value of around RM 1 million. There is no way any young couple TODAY earning say RM 5000 gross per month can afford the same house which I bought 30 years ago. For any couple to be able to do that they must be earning at least RM 10,000/month. It simply goes to show that salary has not kept pace with inflation and house prices. In short, it is very difficult for the young generation to survive unless you have rich parents to pay for you. Otherwise, its tough

Good luck. Hope u will not be duped and caught out

The sad story is this. If you have not already owned/bought a house/condo/apartment before 2000 it is very highly unlikely or improbable for you to buy any reasonable house/condo/apartment meeting your budget/income in a reasonable location any time soon. And that is a fact. There is no way a young couple with a gross household income of say RM 5000/month can afford to buy and pay mortgage repayments for a house/condo of RM 500,000 in a reasonable location. The Govt needs to do a lot more to bring down house prices or you just have to wait for the next property/financial meltdown

If NTA is RM2 pershare as compared to RM .36, MK would have taken it private long ago just like IOI, UMland etc. Why wasn't it taken private? MK would have made a killing, dont you think so?

What I have written are factual observations. If the Govt and GLCs have not assisted in its Cyberjaya Project, MKLand would gone under or PN17 long ago like Talam

MK Land is a dud company badly managed and run. Its previous strength is political patronage with Selangor. Now that is lost its dead. Nearly all MKL landbank are in Selangor and are mostly previous leasehold stateland alienated through state patronage. It does not purchase freehold land from the market like Mahsing or SP Setia or UOA simply bcos it does not have the financial resources and expertise. Its Tasek mera theme park in Perak has been bleeding the company for years. It does not believe in HR capital. Staff turnover is extreme;y high. Its almost impossible to have satisfactory employment in MKland. Its currently family controlled and run. It has sold or gone into JV with Empire group for its Penchala land project which is likely to end in dispute or a white elephant when things get tough

Apart from Gurney, all the other malls are secondary malls. Even Vision City is third grade mall which they found a stupid buyer in EPF where no malaysian cos would want to buy. If its 1st Grade, they would not sell just like 1U, MidValley, Pavilion, KLCC etc.

Investing in reits is a waste of time and resources. Its returns are poor. One must measure and compare with other stocks in terms of total returns

Mahsing is overgeared with its aggressive land purchase. With property market slowing down and oversupply in highend properties and Govt recently announced loans policies, Mahsing is likely to face sales problem in the months ahead, particularly 2H 2013 n 2014. If I were you I would sell the shares

IGB boring. Like a tortoise