@ naxmax....good morning...are you referring to Union Suites ?

@ equiry diary...not yet ...waiting for your good news

Hopefully, Gadang will win one of the packages for LRT 3 given its prior exposure in MRT.

http://www.thestar.com.my/business/business-news/2017/04/06/another-rally-in-the-works/

Indeed, management has guided that Gadang has tendered for LRT3. Just my wishful thinking:

May'17 projects win:
LRT3, and
CyberJaya Hospital.

Then, Gadang should hit RM1.60 ... :-)

@ equitydiary - still waiting for your feedback for Union Suites.

@ cherry jiejie...what is seri kembangan development ? SymLife got development there meh ?

@ equity diary - thanks a lot, friend.

@ equity diary ....mmm..please research and share with us about Union Suites

Come on ...break RM1 for daddy....make daddy proud !

Once Tower 2 and Tower 3 is fully sold, then unbilled sales is RM1.5B. Them, when Union Suites is fully sold, then unbilled sales will hit RM2B.

There, I have provided the workings. How about yours ?

Please give me the breakdown of RM2B?? Mind you....even though Tower 3 is 50% sold, assuming the GDV for Tower 3 is RM1B, this RM500M needs to be shared with UM Land. Hence, unbilled sales is only RM0.25B from Tower 3 sales ! Hence, unbilled sales is only at about RM1.25B.

Come on....break RM0.90 for daddy

@ Darren , the unbilled sales is still not yet RM2B as Union Suites have not yet fully sold . Don't count your chicks before they hatch.

When wanna break $0.90?

Having taken a conservative stance, there is one thing about SymLife and Tan Sri Azlan Yahya - is that they always follow through with what they have communicated with the press.

@ Azlan 88, i sincerely hope this Union Suites will be a sellout like hot cakes.

For Union Suites, there are two factors that need to be considered.
Firstly, a good portion of the units are priced below RM1.0M - which effectively blocks out the foreign buyers which forms a huge bulk of the buyers for Star Residences. Hence, we cannot compare the performance of Star Residences with Union Suites. Furthermore, Star Residences has the global brand name of Samsung and the emergence of very reputable F&B brands - such as Michelin 5 Stars restaurant, Madam Tussuad, Zouk NIght club and Star Walk of Fame and the recent service operator - Ascott Hotel. All of these reputable brand names will make The STar Residences project a huge success.

However, we don't have the star brand name for Union Suites.

Secondly, the rejections for loans have dropped off significantly and a new class of quality buyers have emerged. However, this class of quality buyers are mainly for affordable and high quality housing which is selling at the price range of RM0.5M to RM0.8M and mainly for own stay. Those flippers who buy a few properties at one shot and hoping to flip for quick profit have dried out. However, we also cannot deny the fact that genuine investors may want to buy Union Suites but the rental yield is going to be bad. I mean if you dump about RM0.8M for a bite sized unit, the rental from this unit must be really high to make decent rental yield.

Hence, i think the market for Union Suites is mainly catering for genuine investors - not so much for those who buy for own stay and this investor has to bear for poor rental yield. In terms of capital appreciation, they have to wait for a few years prior to disposing mainly due to the reducing scale rate for RPGT and of course, the developer has factored in future pricing for our benefit.

But if Union Suites can really make it to 90% sales, then we should be looking at unbilled sales of close to RM2.0B at the end of Dec'17 (conservatively)!

When wanna announce hospital project ?

Now, anxiously waiting for Union Suites sales performance.

Hi Azlan88, what do you think of Union Suites ?Need your wise insights.

Copy and paste the article here would be good...

Wow....thanks Azlan88, can you help to furnish the weblink to the article at Focus Malaysia? Well, getting a deal with Ascott Hotels will put SymLife on the map. No wonder the developer is so confident to raise the selling price to RM2.5K per square feet for Tower 3. Also, for Star Retail, they have almost sold out all the units (except 3 to 5 remaining). Getting a partnership with Madam Tussuad is a key milestone. This may have brought Ascott hotel on board. With this new development, it is apparent that Tower 2 which is currently selling at old price will get snap up. Tower 2 is already 80% sold. Should not have problems to clear the rest of the 20% since Tower 2 is still selling at old price. The remaining 50% of Tower 3 should get cleared in Dec18.

Woohoot...got another piece of good news about SymLife...but don't know wanna share or not ...ymthis piece of good news will surely propel Symlife to above RM1 in the months ahead...

Pain pain

Wah Optimus...you are here ...sigh...I so regret no listening to you about GOB...

Adui Symlife...bila naik?

Hopefully, can announce hospital project win soon and LRT3 project win ...

Don't know when they will announce the hospital project ?

We talk about Star Residences , not SEXResidences

Come on...this is SymLife forum...not SEXLife forum

@ nemesis, yalor...I am a little boy...when you first buy shares...I am still wearing diapers, attending kindy...sucking my Lai Ma punya nipples....

Poor little boy like me....winnings just 4 to 5 digits across each and every counters that I hold....what to do....lose to experienced uncle like Nemesis....

From today onwards, I better suck my Lai Ma nipples and shut up about Symlife ....

Wanna see what uncle @ Nemesis can contribute ....besides bitching about price up and price down.....switching counters ....and don't contribute much to this forum....

Then, I will stop posting and keep all the good news to myself....and ask you to sell...muahahah !!

Then, you are welcome to get lost !

Last time, you buy Bolton property....and now buy DymLife shares...something must intrigue you

Hahaha, ...compare apple with apple lar....

It is your investment mate. Knowledge reduces risks .Risks come from not knowing what you are doing . if you invest based on hearsay, then you will be frightened when market price goes down. But if you know the value of your investment, then you will not be afraid when price decrease.

@ SKNg Keong....nowadays, the trend is towards affordable housing....less than RM500K...this is where quality buyers emerged and bank loan very likely will get approved ....that is why I say SHL got good future ....because majority of its housing project is taylored at affordability ....but then, SymLife ...their KLCC Star project is considered safe and will be their money $$$ maker for the next 3 years....next on the chopping board is their UnionSuites. This Symlife is a high end developer ....but their recent projects such as TWY and Star is a sellout ....dunno whether they can repeat the same for Union Suites.

Please help us heng tais here...call up Union Suites sales office and share your opinion with us.

http://www.the-ascott.com/en/ascottlimited/about-us.html

Good news. For the Star Retail,25 units have been sold out of the 30 units. Madamme Tussuad has confirmed taking up some of the units at Star Retail. You heard that right. Madamme Tussuad of the world famous wax museum has taken up units at Star Retail and this is expected to complement the Star Walk of Fame.

Ok...my sources confirmed to me that the service apartment operator for Tower 3 is Ascott Hotels. It is not surprising because Ascott is a subsidiary under Capita Land. Last time, CapitaLand is a party to the joint venture with SymLife and UMLand to develop Star Residences. Thereafter, CapitaLand pulls out. But now, it is back to purchase 50% of Tower 3.

@ maxmax...I don't understand lar...can you please be more specific ?

@ skng Keong, please downliad their annual report and look for the director ...name is Peter

One of the director is a prominent corporate lawyer, goes by the name of Peter. I think he got all the SnP s

@ maxmax....for Union Suites, 26% already booked ...they sudah sign SnP kah belum? Booked and sign SnP is different leb

@ maxmax....thanks bro

Don't just be a free rider ....contribute abit mah

@ nooobieee, you go call and share your findings here ...

Hi OTB, how can I enrol in your course ?

So, this weekend, who wanna volunteer become "moh Lai" to call up Union Suites sales office to enquire about sales status ?

hehehe - RM1.20 is also my TP price - and I compute this solely based on Star project WITHOUT consideration of their other projects.

@ Charles T, what is your TP?

@ Tamizy; the most important thing is confirmed sales - i.e.; signed SnP and not just pay booking fees nia...
According to the sales staff, the ones who booked is about 70%, but they do expect 50% drop out rate (out of this 70% who booked). Hence, we should be looking at 30% who signed the SnP.

Even if you signed the SnP, there is a provision under the HDA that states you just need to forfeit the first 10% to cancel the house purchase.

By the way, where the hell is Sungai Long land? Can someone please tell me....??