Still got people dare to buy REIT ah? Future is online shopping nobody would want to own a shop especially in a place where the rental is sky high. Work your ass off just to pay your rent. Only for big companies which requires advertisement and penetration will think of renting this place. Say good bye to reit in 2-3 years time. They increase their rental everybody will run.
You got your point correct but dont forget your company can still be very good even you're in a sunset sector, it's just a matter of how you manage a company. Do you think PAVREIT don't know what's the trending now? Shopping malls can never be outdated as a trend because youngster will still go to cinema and almost every cinema is open inside a mall. Second, F&B business is unlikely to be affected even shopping malls is slowly getting out of trend. In 2-3 years, there must be many shopping malls need to say '''goodbye'' but REIT in Bursa can still survive. Do you know how much ppl went to Midvalley/Sunway/Pavillion on weekends? I guess you don't know because parking is always full and you can't really observe at all.
Do you think Dato/Datin will go to online and buy a luxury products? Online shopping is for people like me that having a 4 figures salary, those ppl who have 6 figures monthly salary do you think they will do what we did?
People go there only for window shopping and see leng lui leng zai once they see the things they want they will go online and compare the price and sure enough the online price is much cheaper. Another 5 years time you see all the shops at the top floor closing down. Youngster are not dumb nowadays. Well the price is super cheap now no harm buying and averaging down
PETALING JAYA (Feb 19): Property magnate Tan Sri Desmond Lim is allegedly planning to buy a 60% stake in Subang Skypark Sdn Bhd from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for an undisclosed sum, with intentions to redevelop the land surrounding Sultan Abdul Aziz Shah Airport in Subang, where the company has a long sub-lease concession agreement with Malaysia Airports Holdings Bhd (MAHB) to operate its city airport terminal and integrated commercial and business aviation hub, reported The Edge weekly.
While the size of the landbank surrounding the airport is unknown, MAHB’s annual report states it has a 60-year right of occupation that expires in 2066, and the airport rests on 1,122 acres.
Lim is said to be earmarking parcels within the site for low-rise development such as malls, considering that the land will not have a high plot ratio given its proximity to the airport.
It is unclear how the billionaire will proceed with the acquisition — which is said to be imminent, pending approval from the government — as he may either take up the stake privately or via his listed construction and property development group WCT Holdings Bhd, where he holds a 19.57% share, said sources.
WCT’s credentials include the Bukit Tinggi Shopping Centre in Klang, Paradigm Mall Petaling Jaya in Selangor, Paradigm Mall Johor Bahru in Johor, and the MAHB concession for gateway@klia2, which boasts a mall-within-an-airport concept.
Menon and Aisamar hold 30% each in Subang Skypark while the remaining 40% is held by Anggun Intelek Sdn Bhd, a Temasek Padu Sdn Bhd subsidiary.
Meanwhile, Lim’s other property concerns include developer Malton Bhd and Pavilion Real Estate Investment Trust.
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....
mhling
14 posts
Posted by mhling > 2018-02-16 13:33 | Report Abuse
Such a promising REIT Should buy more.