If u still dream and hope that property market in Malaysia is sustainable and not heading to a deadlock or somewhat crash, please see the real facts for yourself. The survival of Malton is only supported by internal bosses and associates deals and not by real market forces.
Ecowld builds mostly massive townships (hundreds/thousands of acres lands designed for townships) in various locations. Malton cannot be compared loh. Different segment and product offerings.
In bad times, disregard of locations those landed properties' values tend to hold up quite well towards long term period compared to those high rise properties which we're seeing a fall in capital values and u can see many are depressingly selling their units below market/banks values already now while some people even sell theirs below their original purchase values from developers' launching prices just to offload their holdings and reduce their risk exposure. In reality, many people have weak holding power because most are speculators and not sustainable investors. Many group buyers also having a hard time now. I don't think malton will escape the real property market risks since it's actually not focusing on the more affordable segments.
sold back all malton at 1.05, cut loss, free up capital. Disappointed result if without compensation RM 50m from Ecoworld (incur HIGH tax, net proceed only about about RM 25m)
Nevertheless, on surface, Malton deliver good profit, share price rebound a bit, offer opportunity to unload with narrowing loss, allowing portfolio to free up capital.
Lol! this is a laughing stock. Now it has to rely on one off gain to post positive profit? In fact it is suffering worst sales and dramatic drop in profits. A warning sign! Next few quarters will go into worse results.
Just look at the real stats and facts also scary. U guys pray hard that malton to not collapse so soon lah. Best get out before it erodes value further
Now unsold properties estimated value at RM 35.5 billions is not a small amount. Does banks willing to lend out more money to people wanting to buy those unsold units?
Get ready for uglier times ahead for property developers and markets...
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....
propsushi
111 posts
Posted by propsushi > 2017-11-19 09:29 | Report Abuse
If u still dream and hope that property market in Malaysia is sustainable and not heading to a deadlock or somewhat crash, please see the real facts for yourself. The survival of Malton is only supported by internal bosses and associates deals and not by real market forces.
https://www.thestar.com.my/business/business-news/2017/11/18/property-imbalance-growing-wider/