Magna Prima bought the Jalan Ampang land in March 2010 for RM148.2mil cash (or around RM1,350 per sq ft). The initial plan was to develop the Lai Meng land into what would be called the Jalan Ampang Iconic Towers, a mixed development comprising residential, business, retail, hotel and corporate offices, with a gross development value of RM1.8bil. Read more at http://www.thestar.com.my/business/business-news/2017/06/09/hua-yang-maps-out-strategy/#H6ToXKeJPPpmPl9a.99
i have my own strategy, currently is not the property theme, and it should be needs to hold around 2 years time to recover back, i just put it for dividend first, need to diversify portfolio
Because give too high dividend Tambun never buy land unlike HuaYang even bought Magna to further increase landbanks. When you have many locations landbanks easier to sell properties compare to Tambun only 1 place ie Pearl City.
property over supply, demand low. many new projects unable to sell all. goreng property people if without holding power sure suffering. loan not easy to get through. As Jack Ma said property price will drop and more offers to be given. To recover, at least need 5 years. True? I have no idea.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Toi Yit Pin
15 posts
Posted by Toi Yit Pin > 2017-05-18 13:39 | Report Abuse
If you are thinking of long term, u can start accumulate now