Posted by ks55 > 2017-12-14 21:02 | Report Abuse

Is it a good buy?
How is the land compared with 23.16 acres of freehold prime land developed by IOIP for 1039 units of condo (GDV 677m) under brand name Skyz Residence?
Location wise, Skyz Residence is very much more superior than subject land.
Project is almost completed due for delivery latest by Jun 2018.
Too bad the sales so far is less than 30% to date.
http://idaman2.kpkt.gov.my:8888/idv5/98_eHome/laporanJualanRumah.cfm?pmju_Kod=5579&proj_Kod_Fasa=25&proj_Nama=Skyz

What is your deduction.
To me, this transaction is not beneficial to UEMS shareholders in short term.
1. Simply overpriced.
2. Still ample land available in the vicinity (Megajaya).
3. Future development is towards Bukit Jalil City under Malton (Pavilion).
4. Access road is terribly jam. Only consolation is not too far from MEX exit and MRT Line 2 (2 to 3 km away).
5. Bandar Puchong Jaya, Kinrara and Bukit Jalil City are more preferred address, so the houses fetch higher premium.
6. Unlike residential units (condo?) can sell better than those in Bandar Puchong Jaya, Kinrara or Bukit Jalil City.
7. Very likely UEMS will not develop the land for next 10 years.