By BUSINESS TIMES
PROPERTY developer Sunrise (6165) may consider injecting some of its property assets into a real estate investment trust (REIT) as they begin to deliver stable income, its executive chairman says."We have invested considerably in a pool of investment assets over the last few years, which are now starting to bear fruit," said Tong Kooi Ong.Sunrise, ranked ninth by market value among listed Malaysian developers, may consider a REIT "at a later stage", Tong said in an email interview.This month, larger rival Sunway City said it will inject eight retail properties into a REIT in a deal bankers said may raise up to RM1 billion for the company.REITs mainly invest in commercial properties and pay most of the rent to shareholders as dividends, which are usually higher than yields of government bonds and offer capital gains if property prices rise.Tong, a former banker and stockbroker, also said that Sunrise has not yet planned to enter the fast-growing markets of Vietnam and China."For the medium term, our overseas focus will be on Canada. We do not have plans for the moment to venture into Vietnam or China," he said.Later this year, Sunrise plans to launch two projects, an office tower project in the Kuala Lumpur as well as a residential project in Vancouver, Canada, Tong said.Malaysian property developers, such as SP Setia and Gamuda, have embarked on multi-billion ringgit developments in Vietnam to tap rapid growth. Sunway City has formed property joint ventures in fast-growing China and India.Malaysian developers expect higher sales from home this year as the economy rebounds from last year's downturn. The stock market rally in 2009, which saw the benchmark share index jump nearly 40 per cent, is expected to further boost house buyers.- Malaysia REIT Market NewsRead more...
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Tuesday, April 27, 2010
I&P busy with RM8.8b of projects
By BUSINESS TIMES
Existing mixed development projects in the Klang Valley and Johor, worth some RM8.8 billion, will will keep the property developer busy for eight to nine yearsI&P GROUP Sdn Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has some RM8.8 billion of gross development value (GDV) at its existing mixed development projects in the Klang Valley and Johor.This will keep the property developer busy for eight to nine years, managing director Datuk Jamaludin Osman said.The I&P group - a combination of once listed firms of Island & Peninsular Sdn Bhd, Pelangi Sdn Bhd dan Petaling Garden Sdn Bhd - currently has a landbank of about 2,200ha in the Klang Valley and Johor.Jamaludin said the group will focus on developing the remaining phases of its existing township projects in the two areas, instead of buying new land and developing brand new projects.They include Bandar Kinrara, Alam Impian, Temasya Glenmarie and Alam Sari."These projects are still well received after all these years," Jamaludin said in an interview in conjunction with this year's Minggu Saham Amanah Malaysia (MSAM 2010) exhibition in Kuching, organised by PNB from April 20 to Monday.I&P is one of 13 PNB companies taking part in the week-long show, aimed at increasing the people's awareness on investments in unit trust and exposing them to PNB group of companies.Other participating firms include Malayan Banking Bhd, UMW Holdings Bhd and NCB Holdings Bhd. In the case of the 480ha Alam Impian project in Shah Alam, Selangor, Jamaludin said the group has another eight years of development there, which has a GDV of some RM5 billion.Launched in 2006, the township will provide 10,000 residential units with an expected household of 50,000 people once it is fully completed.I&P - through Petaling Garden - will soon develop 31ha in Temasya Glenmarie in Shah Alam, comprising 119 units of "superlink" houses and 60 units of terrace houses that will cost at least RM800,000 each.It will also start developing another 12ha at its existing Bandar Baru Seri Petaling township in Selangor, with commercial units costing about RM2 million each.The Alam Sari project in Bangi, Selangor, launched in 2007, still has many more years before being fully developed with a total GDV of over RM1 billion, he said.In Johor, I&P is developing new phases of projects in Taman Pelangi, Taman Perling, Taman Rinting and Taman Pelangi Indah.I&P, together with its subsidiaries that also include Perumahan Kinrara Bhd, SPPK Sdn Bhd and I&P Alam Impian Sdn Bhd, boasts some 100 years of experience in the local property sector.The group posted a pre-tax profit of RM263.4 million on revenue of RM1.07 billion last year.- Property News in Malaysia
Existing mixed development projects in the Klang Valley and Johor, worth some RM8.8 billion, will will keep the property developer busy for eight to nine yearsI&P GROUP Sdn Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has some RM8.8 billion of gross development value (GDV) at its existing mixed development projects in the Klang Valley and Johor.This will keep the property developer busy for eight to nine years, managing director Datuk Jamaludin Osman said.The I&P group - a combination of once listed firms of Island & Peninsular Sdn Bhd, Pelangi Sdn Bhd dan Petaling Garden Sdn Bhd - currently has a landbank of about 2,200ha in the Klang Valley and Johor.Jamaludin said the group will focus on developing the remaining phases of its existing township projects in the two areas, instead of buying new land and developing brand new projects.They include Bandar Kinrara, Alam Impian, Temasya Glenmarie and Alam Sari."These projects are still well received after all these years," Jamaludin said in an interview in conjunction with this year's Minggu Saham Amanah Malaysia (MSAM 2010) exhibition in Kuching, organised by PNB from April 20 to Monday.I&P is one of 13 PNB companies taking part in the week-long show, aimed at increasing the people's awareness on investments in unit trust and exposing them to PNB group of companies.Other participating firms include Malayan Banking Bhd, UMW Holdings Bhd and NCB Holdings Bhd. In the case of the 480ha Alam Impian project in Shah Alam, Selangor, Jamaludin said the group has another eight years of development there, which has a GDV of some RM5 billion.Launched in 2006, the township will provide 10,000 residential units with an expected household of 50,000 people once it is fully completed.I&P - through Petaling Garden - will soon develop 31ha in Temasya Glenmarie in Shah Alam, comprising 119 units of "superlink" houses and 60 units of terrace houses that will cost at least RM800,000 each.It will also start developing another 12ha at its existing Bandar Baru Seri Petaling township in Selangor, with commercial units costing about RM2 million each.The Alam Sari project in Bangi, Selangor, launched in 2007, still has many more years before being fully developed with a total GDV of over RM1 billion, he said.In Johor, I&P is developing new phases of projects in Taman Pelangi, Taman Perling, Taman Rinting and Taman Pelangi Indah.I&P, together with its subsidiaries that also include Perumahan Kinrara Bhd, SPPK Sdn Bhd and I&P Alam Impian Sdn Bhd, boasts some 100 years of experience in the local property sector.The group posted a pre-tax profit of RM263.4 million on revenue of RM1.07 billion last year.- Property News in Malaysia
Ho Hup bids to declare pact void
By THE STAR
PETALING JAYA: Ho Hup Construction Co Bhd’s board of directors has filed a suit in the Kuala Lumpur High Court in respect of the joint-development agreement entered into between its 70%-owned subsidiary, Bukit Jalil Development Sdn Bhd, and property developer Malton Bhd’s Pioneer Haven Sdn Bhd on March 17.The board said in an announcement to Bursa Malaysia yesterday that the suit sought the High Court to declare that the agreement, power of attorney and endorsement and undertaking by Bukit Jalil Development was void.It added that Pioneer Haven had “to account for all benefit in any form received or accrued by reason of or otherwise arising from the agreement, power of attorney or the endorsement and undertaking” and to pay or otherwise deliver all benefits within 14 days of the order.The board also sought to have the caveat lodged by Pioneer Haven on the land expunged or removed.In addition, It was also seeking damages from the company’s former deputy executive chairman, Datuk Vincent Lye, former group managing director Lim Ching Choy and other former members of the board as well as Pioneer Haven.The agreement involved the 60 acres of freehold land that Ho Hup’s subsidiary, Bukit Jalil Development, still held.- Malaysia Property News dot net
PETALING JAYA: Ho Hup Construction Co Bhd’s board of directors has filed a suit in the Kuala Lumpur High Court in respect of the joint-development agreement entered into between its 70%-owned subsidiary, Bukit Jalil Development Sdn Bhd, and property developer Malton Bhd’s Pioneer Haven Sdn Bhd on March 17.The board said in an announcement to Bursa Malaysia yesterday that the suit sought the High Court to declare that the agreement, power of attorney and endorsement and undertaking by Bukit Jalil Development was void.It added that Pioneer Haven had “to account for all benefit in any form received or accrued by reason of or otherwise arising from the agreement, power of attorney or the endorsement and undertaking” and to pay or otherwise deliver all benefits within 14 days of the order.The board also sought to have the caveat lodged by Pioneer Haven on the land expunged or removed.In addition, It was also seeking damages from the company’s former deputy executive chairman, Datuk Vincent Lye, former group managing director Lim Ching Choy and other former members of the board as well as Pioneer Haven.The agreement involved the 60 acres of freehold land that Ho Hup’s subsidiary, Bukit Jalil Development, still held.- Malaysia Property News dot net
Mutiara Goodyear to launch RM1.6b projects
By BERNAMA
KUALA LUMPUR: Property developer Mutiara Goodyear Development Bhd will launch four residential projects with a total gross development value (GDV) of RM1.6bil this year.The development will take up about 40ha of its 404ha landbank, executive chairman Hamidon Abdullah told a press conference yesterday.These will involve, among others, residential units in Taman Melawati with a total GDV of RM1bil, a residential project in Kajang with a GDV of RM300mil, apartments in Sunway and high-end condominiums in Bukit Gambir, Penang.The company was also in talks to acquire more land, especially within the Klang Valley, Hamidon said.“We are negotiating to acquire around 80ha of land.” he added.According to him, prospects in the property sector were looking positive with demand not only from Malaysians but also overseas.- New Property Launches in Malaysia
KUALA LUMPUR: Property developer Mutiara Goodyear Development Bhd will launch four residential projects with a total gross development value (GDV) of RM1.6bil this year.The development will take up about 40ha of its 404ha landbank, executive chairman Hamidon Abdullah told a press conference yesterday.These will involve, among others, residential units in Taman Melawati with a total GDV of RM1bil, a residential project in Kajang with a GDV of RM300mil, apartments in Sunway and high-end condominiums in Bukit Gambir, Penang.The company was also in talks to acquire more land, especially within the Klang Valley, Hamidon said.“We are negotiating to acquire around 80ha of land.” he added.According to him, prospects in the property sector were looking positive with demand not only from Malaysians but also overseas.- New Property Launches in Malaysia
Future trends in property market
leecheng@thestar.com.my
PETALING JAYA: High-rise living, security and proximity to amenities and other conveniences are current trends in the property markets, while green buildings are the way to go in the future, several speakers at a seminar said.
Contrary to what many believe, Mont’Kiara will continue to grow as a popular condominium enclave after Bangsar, Klang Valley’s first condominium hub, said Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon.
Ho was speaking at the “Future Trends in Property” seminar organised by Sunway City Bhd here yesterday.
The three main condominium enclaves in Kuala Lumpur are KL City Centre (KLCC) area, Mont’Kiara and Bangsar.
There are today a total of 390 buildings or 24,200 high-rise residential properties (serviced apartments and condominiums) in the Golden Triangle of Kuala Lumpur which includes KLCC area; Mont’Kiara, Damansara Heights, Bangsar, Ampang and Sentul.
Despite the thousands of units in Mont’Kiara, the area would continue to grow as it has been doing the past three years, said Ho.
“Once a favourite among the expatriate community, Mont’Kiara today is increasingly being occupied by Malaysians who have decided to make that location their home,” he said.
Because of security issues and the unwillingness to live in further places like Rawang and Nilai, people would opt to live in high-rise, he said. This would be the trend in thecities and other parts of the country like Penang.
Ho said as the economic recovery took off, developers preparing to launch must take into consideration three main factors - location, timing and branding.
“Demand and supply are not everything about land economics,” he said, adding that the other change to note in Mont’Kiara was the trend towards commercial.
“People doing buinesss will want to go into that location,” he said.
Veritas Architects Sdn Bhd principal founder and chief executive officer David Mizan Hashim said “green” elements were the other trend in the property market.
“Places which have low energy consumption, sanitaryware and faucets which promote efficient water consumption, and sustainable features are increasingly become popular.
“People will increasingly want flexibility to convert a three-room unit to two or vice versa. This means the introduction of screens to support the desire and need for flexibility,” he said.
He said the popularity of gated and guarded projects would continue to grow and spill over to places like Johor, Perak and Penang.
“Even within a high-rise residential development, increasingly buyers will want new elements and features that set it apart from the rest,” he said.
Older projects will become the casualties in this demand for better and more innovative residential developments.
Not forgetting the need for innovation and technology in today’s lifestyle, Research Inc (Asia) Sdn Bhd managing director Datin Adila Lim Lay Ying cautioned against allowing designs to be defined by technology. She said past examples overseas showed that futurish designs emulating science fiction did not work.
“Buildings of the future should allow us to express ourselves, how we want to live and work,” she said.
On the KLCC and the various projects ongoing, she said the number of projects there would continue to grow and prices continue to rise, with certain projects to hover between RM2,500 and RM3,000 per sq ft.
SA Architects Sdn Bhd director Richard Sau said “green” features would continue to add value to projects.
PETALING JAYA: High-rise living, security and proximity to amenities and other conveniences are current trends in the property markets, while green buildings are the way to go in the future, several speakers at a seminar said.
Contrary to what many believe, Mont’Kiara will continue to grow as a popular condominium enclave after Bangsar, Klang Valley’s first condominium hub, said Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon.
Ho was speaking at the “Future Trends in Property” seminar organised by Sunway City Bhd here yesterday.
The three main condominium enclaves in Kuala Lumpur are KL City Centre (KLCC) area, Mont’Kiara and Bangsar.
There are today a total of 390 buildings or 24,200 high-rise residential properties (serviced apartments and condominiums) in the Golden Triangle of Kuala Lumpur which includes KLCC area; Mont’Kiara, Damansara Heights, Bangsar, Ampang and Sentul.
Despite the thousands of units in Mont’Kiara, the area would continue to grow as it has been doing the past three years, said Ho.
“Once a favourite among the expatriate community, Mont’Kiara today is increasingly being occupied by Malaysians who have decided to make that location their home,” he said.
Because of security issues and the unwillingness to live in further places like Rawang and Nilai, people would opt to live in high-rise, he said. This would be the trend in thecities and other parts of the country like Penang.
Ho said as the economic recovery took off, developers preparing to launch must take into consideration three main factors - location, timing and branding.
“Demand and supply are not everything about land economics,” he said, adding that the other change to note in Mont’Kiara was the trend towards commercial.
“People doing buinesss will want to go into that location,” he said.
Veritas Architects Sdn Bhd principal founder and chief executive officer David Mizan Hashim said “green” elements were the other trend in the property market.
“Places which have low energy consumption, sanitaryware and faucets which promote efficient water consumption, and sustainable features are increasingly become popular.
“People will increasingly want flexibility to convert a three-room unit to two or vice versa. This means the introduction of screens to support the desire and need for flexibility,” he said.
He said the popularity of gated and guarded projects would continue to grow and spill over to places like Johor, Perak and Penang.
“Even within a high-rise residential development, increasingly buyers will want new elements and features that set it apart from the rest,” he said.
Older projects will become the casualties in this demand for better and more innovative residential developments.
Not forgetting the need for innovation and technology in today’s lifestyle, Research Inc (Asia) Sdn Bhd managing director Datin Adila Lim Lay Ying cautioned against allowing designs to be defined by technology. She said past examples overseas showed that futurish designs emulating science fiction did not work.
“Buildings of the future should allow us to express ourselves, how we want to live and work,” she said.
On the KLCC and the various projects ongoing, she said the number of projects there would continue to grow and prices continue to rise, with certain projects to hover between RM2,500 and RM3,000 per sq ft.
SA Architects Sdn Bhd director Richard Sau said “green” features would continue to add value to projects.
SP5 residents urged to chip in to help boost security
KAJANG Municipal Council president Datuk Hasan Nawawi Abd Rahman urged the remaining 13% of the residents in Seri Putra 5, Bangi, who are not paying for the neighbourhood security to cooperate with the residents association.
He said this at the launch of the Bulan Mesra Jiran Seri Putra 5 (SP5) programme themed Love Thy Neighbour, which was organised by the SP5 residents association (RA) last Sunday.
SP5 RA chairman Jefri Jaafar said of the 152 households in the area, 113 were paying the monthly security fee of RM50.
Hasan urged residents to practice tolerance and neighbourliness.
“In Selangor, 85% of the residents must agree for a guarded neighbourhood whereas a gated community needs 100%.
“In Kajang, there are about 10 neighbourhoods that have 100% residents agreeing to a gated community,
“According to the police, break-ins normally happen during the day when many are out at work,” he said.
One of the objectives of the Neighbourhood Month is to increase awareness of community policing and safety among the SP5 residents.
According to Jefri, currently, only the RA committee members patrol the neighbourhood at night a few times a week.
For the Neighbourhood Month in Seri Putra 5, there will be cooking competitions, football matches, colouring and essay-writing contests for the children and a BBQ gathering.
Also at the launch was Kajang deputy OCPD Supt Toha Abdullah who urged residents to alert the police and provide the needed information.
“Call the police if you see anyone suspicious and our men will come by to check on it,” he said.
Among the activities at the launch were fire safety and silat demonstrations, a safety exhibition, health checks and pocket bike activities for the children.
He said this at the launch of the Bulan Mesra Jiran Seri Putra 5 (SP5) programme themed Love Thy Neighbour, which was organised by the SP5 residents association (RA) last Sunday.
SP5 RA chairman Jefri Jaafar said of the 152 households in the area, 113 were paying the monthly security fee of RM50.
Hasan urged residents to practice tolerance and neighbourliness.
“In Selangor, 85% of the residents must agree for a guarded neighbourhood whereas a gated community needs 100%.
“In Kajang, there are about 10 neighbourhoods that have 100% residents agreeing to a gated community,
“According to the police, break-ins normally happen during the day when many are out at work,” he said.
One of the objectives of the Neighbourhood Month is to increase awareness of community policing and safety among the SP5 residents.
According to Jefri, currently, only the RA committee members patrol the neighbourhood at night a few times a week.
For the Neighbourhood Month in Seri Putra 5, there will be cooking competitions, football matches, colouring and essay-writing contests for the children and a BBQ gathering.
Also at the launch was Kajang deputy OCPD Supt Toha Abdullah who urged residents to alert the police and provide the needed information.
“Call the police if you see anyone suspicious and our men will come by to check on it,” he said.
Among the activities at the launch were fire safety and silat demonstrations, a safety exhibition, health checks and pocket bike activities for the children.
Electricity firm studying possibility of green energy
KOTA KINABALU: Green energy is a potential alternative for Sabah’s power needs but is not yet viable.
Sabah Electricity Sdn Bhd (SESB) said that it was keen to develop green energy but at the moment, there was no effective options other than setting up a 300MW coal plant in Tungku to meet the electricity needs in the state’s east coast.
“We are not against the development of green energy but there is no matured system that can meet our needs to provide stable power supply and reserve in the east coast of Sabah,” said managing director Baharin Din said at a luncheon with state Science Adviser Datuk Mohd Salleh Said and the media here on Monday.
He said SESB had studied the options of biomass, wind and solar but the technologies available for these alternative options were too expensive to implement and the base loads requirement of 300MW for the east coast was too small.
He said the power company had already committed to buy power from renewable sources of energy amounting to 102MW, with some 40MW already connected to its grid.
“One of the biomass energy companies in Kunak is faring well but two others in Sandakan break down often due to lack of biomass raw materials. The materials consist of oil palm branches that have been harvested,” he said.
Baharin said the studies done by environmental group Green Surf on alternatives to coal energy was “good in theory but not practical for the east coast that depends on power from the state’s west coast through a grid.
“Maybe in 10 years, the options of tapping green energy will be easily available, but for now we need the security derived from setting up a base in the east coast,” he said.
He added that the Lahad Datu Energy Sdn Bhd, which was developing the coal plant, was expected to submit the detailed Environmental Impact Assessment report to the Environment Department for the proposed plant by early May at the latest.
Salleh said the state would wait for the DOE report on the issue as both the electricity needs of the people and the environmental issues needed to be weighed carefully.
He called on the people to understand the rationale behind the Federal Government’s proposal to build a coal-fired power plant in Lahad Datu.
The former chief minister cautioned the people against politicising the issue, saying the proposed plant provided among the best solutions for the state’s power woes.
“The government, through SESB, is determined to resolve the state’s electricity supply problems.
“SESB has formulated short-term and long-term strategies, including the proposal for the coal-fired power plant, to enhance its power generation capacity, so I hope the people can understand the real situation,” he said.
Salleh, who was appointed to the ministerial-level post in January, was asked to comment on the objection voiced by individuals and non-governmental organisations to the proposed power plant.
He said the government would take into account all views, including the EIA report, before implementing the project.
“We will not bulldoze the project through,” he assured.
Meanwhile, Baharin said the project could be completed in three years.
The first unit of the project could supply 75MW of power, he said.
“Coal supply is not a problem as we can source it from Kalimantan, Indonesia,” he said, adding that the generation capacity in Sabah’s east coast at the moment was 220MW with demand expected to increase to 400MW in 2017.
Prime Minister Datuk Seri Najib Tun Razak announced in September last year that the plant would be set up in Felda Sahabat, Lahad Datu.
Sabah Electricity Sdn Bhd (SESB) said that it was keen to develop green energy but at the moment, there was no effective options other than setting up a 300MW coal plant in Tungku to meet the electricity needs in the state’s east coast.
“We are not against the development of green energy but there is no matured system that can meet our needs to provide stable power supply and reserve in the east coast of Sabah,” said managing director Baharin Din said at a luncheon with state Science Adviser Datuk Mohd Salleh Said and the media here on Monday.
He said SESB had studied the options of biomass, wind and solar but the technologies available for these alternative options were too expensive to implement and the base loads requirement of 300MW for the east coast was too small.
He said the power company had already committed to buy power from renewable sources of energy amounting to 102MW, with some 40MW already connected to its grid.
“One of the biomass energy companies in Kunak is faring well but two others in Sandakan break down often due to lack of biomass raw materials. The materials consist of oil palm branches that have been harvested,” he said.
Baharin said the studies done by environmental group Green Surf on alternatives to coal energy was “good in theory but not practical for the east coast that depends on power from the state’s west coast through a grid.
“Maybe in 10 years, the options of tapping green energy will be easily available, but for now we need the security derived from setting up a base in the east coast,” he said.
He added that the Lahad Datu Energy Sdn Bhd, which was developing the coal plant, was expected to submit the detailed Environmental Impact Assessment report to the Environment Department for the proposed plant by early May at the latest.
Salleh said the state would wait for the DOE report on the issue as both the electricity needs of the people and the environmental issues needed to be weighed carefully.
He called on the people to understand the rationale behind the Federal Government’s proposal to build a coal-fired power plant in Lahad Datu.
The former chief minister cautioned the people against politicising the issue, saying the proposed plant provided among the best solutions for the state’s power woes.
“The government, through SESB, is determined to resolve the state’s electricity supply problems.
“SESB has formulated short-term and long-term strategies, including the proposal for the coal-fired power plant, to enhance its power generation capacity, so I hope the people can understand the real situation,” he said.
Salleh, who was appointed to the ministerial-level post in January, was asked to comment on the objection voiced by individuals and non-governmental organisations to the proposed power plant.
He said the government would take into account all views, including the EIA report, before implementing the project.
“We will not bulldoze the project through,” he assured.
Meanwhile, Baharin said the project could be completed in three years.
The first unit of the project could supply 75MW of power, he said.
“Coal supply is not a problem as we can source it from Kalimantan, Indonesia,” he said, adding that the generation capacity in Sabah’s east coast at the moment was 220MW with demand expected to increase to 400MW in 2017.
Prime Minister Datuk Seri Najib Tun Razak announced in September last year that the plant would be set up in Felda Sahabat, Lahad Datu.
Developer incorporates nature-friendly designs in its projects
JOHOR BARU: In conjunction with Earth Day recently, Tanah Sutera Development Sdn Bhd showed its support for going green.
Tanah Sutera Development Sdn Bhd senior sales manager Daniel Tan said the company had always emphasised on a greener lifestyle in all its projects.
He explained that the company incorporated nature-friendly designs in its projects.
“At Sutera Mall, people can see many trees planted in the parking lot and along the roads,” he said.
“Toilets in the shopping complex are built with the open-air concept, where fresh air provides natural ventilation and sunlight reduces the need for artificial lighting in the day.
“These skylight design also features in our housing projects which gives residents ample natural light,” he said.
Tan said residents living in housing projects developed by Tanah Sutera would also help upkeep the parks in their neighbourhoods by carrying out gotong-royong regularly as they used these green lungs for their recreational activities.
“We fully utilise in our housing projects what nature gives us, by installing tanks to harvest rainwater for the homeowners’ use,” he said.
In addition, he said the company had been promoting the use of effective microorganism (EM) among company staff over the past nine months as a cleaning method.
“We also use EM to clean the toilets in company premises. It is much cheaper and safer than chemical products.
“We are also organising talks and seminars with residents’ committees to promote the use of EM,” he added.
Tan said that Tanah Sutera had also put up recycling bins at strategic locations and planned to build a recycling centre where the funds collected from recycling activities would be channelled to charity.
Tanah Sutera Development Sdn Bhd senior sales manager Daniel Tan said the company had always emphasised on a greener lifestyle in all its projects.
He explained that the company incorporated nature-friendly designs in its projects.
“At Sutera Mall, people can see many trees planted in the parking lot and along the roads,” he said.
“Toilets in the shopping complex are built with the open-air concept, where fresh air provides natural ventilation and sunlight reduces the need for artificial lighting in the day.
“These skylight design also features in our housing projects which gives residents ample natural light,” he said.
Tan said residents living in housing projects developed by Tanah Sutera would also help upkeep the parks in their neighbourhoods by carrying out gotong-royong regularly as they used these green lungs for their recreational activities.
“We fully utilise in our housing projects what nature gives us, by installing tanks to harvest rainwater for the homeowners’ use,” he said.
In addition, he said the company had been promoting the use of effective microorganism (EM) among company staff over the past nine months as a cleaning method.
“We also use EM to clean the toilets in company premises. It is much cheaper and safer than chemical products.
“We are also organising talks and seminars with residents’ committees to promote the use of EM,” he added.
Tan said that Tanah Sutera had also put up recycling bins at strategic locations and planned to build a recycling centre where the funds collected from recycling activities would be channelled to charity.
Monday, April 26, 2010
Sunday, April 25, 2010
One million trees by 2015
A TOTAL of one million trees, one each for every citizen in Negri Sembilan, will be planted by 2015, befitting this year’s national World Earth Day theme of “Greening the Earth — One Malaysian, One Tree.”
Mentri Besar Datuk Seri Mohamad Hasan said this was in line with the federal government’s aim to plant 26 million trees nationwide to help reduce the nation’s carbon footprint and aid in efforts to control climate change.
“Conserving the gifts of Mother Nature and caring for the environment are the responsibility of every individual and by planting a tree, everyone will have the chance to contribute and make a difference in preserving our environment for future generations.
“The plan is to plant 200,000 trees annually for five years but I think we do not have to wait that long. Planting a tree is not difficult and as long as we can convey to people the difference a single tree can make in saving our environment, I am sure they will have no qualms in doing so,” he said at the event’s launch at SMK Seri Sendayan in Seremban.
Mohamad handed out aquilaria malacenssis (karas) saplings to villagers to help kickstart the mass tree-planting initiative.
The plant is a source of prized agarwood, a resinuous heartwood used in perfume and incense.
“Although you can plant just about any tree to do your bit to green the earth, the state government in co-operation with the Forestry Department will be supplying karas saplings or seeds to those living in rural areas to help them earn a living from the trees that they plant.
“This is sort of a two-in-one approach to saving our earth — the agarwood from these karas trees are highly sought after and by planting them, you will be doing yourself and the environment a favour,” he said, adding that the programme would be implemented in stages.
Some 700 villagers from Kg Felda Sendayan, Kg Gadong Jaya, Kg Gadong Lama, Kg Jimah and Kg Jimah Baru — the first to benefit from the tree-planting drive —would receive five saplings each.
Mohamad said the villagers would receive a guidebook to help them with the basics of caring for the karas trees.
“Throughout its lifespan, each of these trees have the capacity to absorb 1,000kg of carbon and this will significantly help in reducing our carbon footprint,” he said.
Mohamad, who launched the school’s ethnobotany garden during his visit, also planted a tree in its premises and promised the students he would be back to check on its progress.
Some 150 karas trees were planted around the school by students, government officials and local village development and security committee (JKKK) heads at the event.
A mini-exhibition on environmental awareness was also held by various agencies including the state Forestry, Wildlife, and Environment departments.
State plantation affairs, human resources, environment and public complaints committee chairman Datuk V.S.Mogan, who was also present, said environmental awareness and a love for nature had to be cultivated at a young age.
“I am glad the students are participating in the tree-planting ceremony. At least our message will not fall on deaf ears as these children will know the importance of conserving nature.
“There are many things we can do to save the earth and that includes tree-planting, recycling and reducing our energy consumption,” he said, adding that a collective effort would greatly benefit the environment.
Mentri Besar Datuk Seri Mohamad Hasan said this was in line with the federal government’s aim to plant 26 million trees nationwide to help reduce the nation’s carbon footprint and aid in efforts to control climate change.
“Conserving the gifts of Mother Nature and caring for the environment are the responsibility of every individual and by planting a tree, everyone will have the chance to contribute and make a difference in preserving our environment for future generations.
“The plan is to plant 200,000 trees annually for five years but I think we do not have to wait that long. Planting a tree is not difficult and as long as we can convey to people the difference a single tree can make in saving our environment, I am sure they will have no qualms in doing so,” he said at the event’s launch at SMK Seri Sendayan in Seremban.
Mohamad handed out aquilaria malacenssis (karas) saplings to villagers to help kickstart the mass tree-planting initiative.
The plant is a source of prized agarwood, a resinuous heartwood used in perfume and incense.
“Although you can plant just about any tree to do your bit to green the earth, the state government in co-operation with the Forestry Department will be supplying karas saplings or seeds to those living in rural areas to help them earn a living from the trees that they plant.
“This is sort of a two-in-one approach to saving our earth — the agarwood from these karas trees are highly sought after and by planting them, you will be doing yourself and the environment a favour,” he said, adding that the programme would be implemented in stages.
Some 700 villagers from Kg Felda Sendayan, Kg Gadong Jaya, Kg Gadong Lama, Kg Jimah and Kg Jimah Baru — the first to benefit from the tree-planting drive —would receive five saplings each.
Mohamad said the villagers would receive a guidebook to help them with the basics of caring for the karas trees.
“Throughout its lifespan, each of these trees have the capacity to absorb 1,000kg of carbon and this will significantly help in reducing our carbon footprint,” he said.
Mohamad, who launched the school’s ethnobotany garden during his visit, also planted a tree in its premises and promised the students he would be back to check on its progress.
Some 150 karas trees were planted around the school by students, government officials and local village development and security committee (JKKK) heads at the event.
A mini-exhibition on environmental awareness was also held by various agencies including the state Forestry, Wildlife, and Environment departments.
State plantation affairs, human resources, environment and public complaints committee chairman Datuk V.S.Mogan, who was also present, said environmental awareness and a love for nature had to be cultivated at a young age.
“I am glad the students are participating in the tree-planting ceremony. At least our message will not fall on deaf ears as these children will know the importance of conserving nature.
“There are many things we can do to save the earth and that includes tree-planting, recycling and reducing our energy consumption,” he said, adding that a collective effort would greatly benefit the environment.
12,000 new houses in Perak this year
By DAVID TAN davidtan@thestar.com.my
IPOH: Around 12,000 new houses are expected to be delivered to buyers in Perak this year, a 20%-30% increase from 2009.
According to Real Estate Housing Developers’ Association Perak chapter chairman Datuk Francis Lee, the estimated figure of 12,000 was based on the number of applications submitted to the local authorities for planning, building and earthwork approval in the first quarter of 2010.
“Although the latest Property Market Report by the Valuation Department for 2009 is not out yet, the delivery of new houses in Perak for last year is expected to be between 9,000 and 10,0000, compared to 6,412 in 2008,” Lee added.
Perak-based developers that will be launching new property development projects in Ipoh starting from mid-2010 include Taiko Properties Sdn Bhd, Kinta Properties Holdings Sdn Bhd, Namcom Development Sdn Bhd, Pyhomes Realty Sdn Bhd and Morubina Sdn Bhd.
Collectively they are launching some 836 units of residential landed and high-rise properties with an estimated gross sales value of RM337mil.
The selling price of these new residential projects are between 10% and 15% higher than last year’s pricing, due to better demand and higher land, construction and marketing costs.
The launches with the highest gross sales value comes from Taiko Properties’ Bandar Seri Botani and The Thompson projects in southern Ipoh and Ipoh city, with an estimated gross sales value of RM194mil.
“To be launched for Bandar Seri Botani in the third and fourth quarters of 2010 are 317 units of double-storey semi-detached houses, double-storey linked houses, and bungalows, with an estimated gross sales value of RM79mil.
“These properties have buit-up areas of between 1,287 sq ft and 2,180 sq ft, priced between RM155,000 and RM365,000,” Taiko project manager Lau Eng Pun said.
The RM115mil Thompson project, scheduled for launching in mid-2010, comprises 46 bungalows in a guarded community with built-up areas ranging between 6,900 sq ft and 8,100 sq ft, priced from RM2.4mil onwards.
“The project, located on a 13-acre site, is between Jalan Tun Dr Ismail and Lorong Tun Dr Ismail, the most prestigious area of Ipoh city,” Lau said.
Kinta Properties is launching 136 units of landed properties, comprising linked and semi-detached houses, with an estimated gross sales value of RM31.9mil from mid-2010 onwards in Bandar Baru Sri Klebang.
“The linked properties have built-up areas ranging between 1,500 sq ft and 2,160 sq ft, priced between RM205,000 and RM298,800,” Kinta Properties chief executive officer Bernard Tan said.
In February, Kinta Properties launched 21 bungalows priced between RM449,800 and RM788,000.
Namcom Development Sdn Bhd is launching in the third quarter RM65mil worth of landed and high-rise properties comprising 158 semi-detached, double-terraced, and terraced houses in Klebang Ria, and 37 condominium units in Jalan Tun Dr Ismail.
Its managing director Chan Nam Sing said the landed properties with built-up of between 1,000 sq ft and 2,500 sq ft are priced between RM138,000 and RM368,000.
“The condominiums, with built-up of 1,500 to 3,400 sq ft, are between RM420 and RM450 per sq ft,” said Chan.
Pyhomes Realty Sdn Bhd is launching 142 units with an estimated gross sales value of RM46.4mil in Sg Siput, Batu Gajah, Pasir Putih Selatan and Gopeng in the third quarter.
They comprise semi-detached and double-storey terraced properties with built-up of between 1,980 sq ft and 3,180 sq ft, priced between RM208,000 and RM491,000, according to managing director Chan Hoong Mun.
Meanwhile, one of the largest commercial schemes in Perak being carried out now is Morubina Sdn Bhd’s RM80mil Kinta Riverfront Hotel & Suites project.
Its project coordination manager Anuar Abu Hassan said the project, comprising a five-star hotel and a 20-storey block of 249 condominum units, was 40% completed.
“We have sold 75% of the condominiums since the launch last year,” he said, adding that the project is scheduled for completion in 2011.
The condominiums with 808 sq ft in built-up are sold from RM215,000 onwards, while the 7,393 sq ft penthouses are priced from RM780,000 onwards.
IPOH: Around 12,000 new houses are expected to be delivered to buyers in Perak this year, a 20%-30% increase from 2009.
According to Real Estate Housing Developers’ Association Perak chapter chairman Datuk Francis Lee, the estimated figure of 12,000 was based on the number of applications submitted to the local authorities for planning, building and earthwork approval in the first quarter of 2010.
“Although the latest Property Market Report by the Valuation Department for 2009 is not out yet, the delivery of new houses in Perak for last year is expected to be between 9,000 and 10,0000, compared to 6,412 in 2008,” Lee added.
Perak-based developers that will be launching new property development projects in Ipoh starting from mid-2010 include Taiko Properties Sdn Bhd, Kinta Properties Holdings Sdn Bhd, Namcom Development Sdn Bhd, Pyhomes Realty Sdn Bhd and Morubina Sdn Bhd.
Collectively they are launching some 836 units of residential landed and high-rise properties with an estimated gross sales value of RM337mil.
The selling price of these new residential projects are between 10% and 15% higher than last year’s pricing, due to better demand and higher land, construction and marketing costs.
The launches with the highest gross sales value comes from Taiko Properties’ Bandar Seri Botani and The Thompson projects in southern Ipoh and Ipoh city, with an estimated gross sales value of RM194mil.
“To be launched for Bandar Seri Botani in the third and fourth quarters of 2010 are 317 units of double-storey semi-detached houses, double-storey linked houses, and bungalows, with an estimated gross sales value of RM79mil.
“These properties have buit-up areas of between 1,287 sq ft and 2,180 sq ft, priced between RM155,000 and RM365,000,” Taiko project manager Lau Eng Pun said.
The RM115mil Thompson project, scheduled for launching in mid-2010, comprises 46 bungalows in a guarded community with built-up areas ranging between 6,900 sq ft and 8,100 sq ft, priced from RM2.4mil onwards.
“The project, located on a 13-acre site, is between Jalan Tun Dr Ismail and Lorong Tun Dr Ismail, the most prestigious area of Ipoh city,” Lau said.
Kinta Properties is launching 136 units of landed properties, comprising linked and semi-detached houses, with an estimated gross sales value of RM31.9mil from mid-2010 onwards in Bandar Baru Sri Klebang.
“The linked properties have built-up areas ranging between 1,500 sq ft and 2,160 sq ft, priced between RM205,000 and RM298,800,” Kinta Properties chief executive officer Bernard Tan said.
In February, Kinta Properties launched 21 bungalows priced between RM449,800 and RM788,000.
Namcom Development Sdn Bhd is launching in the third quarter RM65mil worth of landed and high-rise properties comprising 158 semi-detached, double-terraced, and terraced houses in Klebang Ria, and 37 condominium units in Jalan Tun Dr Ismail.
Its managing director Chan Nam Sing said the landed properties with built-up of between 1,000 sq ft and 2,500 sq ft are priced between RM138,000 and RM368,000.
“The condominiums, with built-up of 1,500 to 3,400 sq ft, are between RM420 and RM450 per sq ft,” said Chan.
Pyhomes Realty Sdn Bhd is launching 142 units with an estimated gross sales value of RM46.4mil in Sg Siput, Batu Gajah, Pasir Putih Selatan and Gopeng in the third quarter.
They comprise semi-detached and double-storey terraced properties with built-up of between 1,980 sq ft and 3,180 sq ft, priced between RM208,000 and RM491,000, according to managing director Chan Hoong Mun.
Meanwhile, one of the largest commercial schemes in Perak being carried out now is Morubina Sdn Bhd’s RM80mil Kinta Riverfront Hotel & Suites project.
Its project coordination manager Anuar Abu Hassan said the project, comprising a five-star hotel and a 20-storey block of 249 condominum units, was 40% completed.
“We have sold 75% of the condominiums since the launch last year,” he said, adding that the project is scheduled for completion in 2011.
The condominiums with 808 sq ft in built-up are sold from RM215,000 onwards, while the 7,393 sq ft penthouses are priced from RM780,000 onwards.
Ipoh landed properties to cost 10%-15% more in second half
IPOH: The selling price of landed properties targeted for launch here in the second half of this year will be priced between 10% and 15% higher than last year due to better demand, rising raw material and land cost.
Real Estate Housing Developers’ Association (Perak) chairman Datuk Francis Lee said that since the Asian Financial Crisis in 1997, property prices had been stagnant.
“Presently profits reached sub-normal levels in Ipoh, with margins of about 10%.
”For example, the cost to construct which include the land and raw materials, and to market a landed property with a built-up of 1,800 sq ft, is around RM200,000.
“When sold in the market, such a property is priced between RM210,000 and RM225,000, depending on its location.
“The profit should be at least 20% as there are risks that the developer have to encounter, such as late delivery due to unforeseen circumstances and the liability period for claims on defects,” he said.
Lee said that for the past six months, the property development market in Ipoh had picked up.
“The demand is rising gradually,” he added.
“The growing demand in the property market, rising raw material prices, and land cost are likely to push property prices up in the second half by 10% to 15%.
“However, if the demand drops, there will be no new projects launched because of the abnormal returns.
“This will eventually force prices to move up to a more equitable level,” he said.
Lee said the present home ownership in Ipoh is about 60%, while the remaining 40% comprised those who stay as extended families or in rented premises.
“The potential for home ownership to grow in Ipoh is there, as it has a population of about 710,000,” he said.
Lee added that the purchase of primary and secondary residential properties in Ipoh was largely driven by effective home ownership demand. And only a fraction of which is in the form of property asset investment.
“As property prices in Ipoh are largely determined by economic fundamentals devoid of speculative investment, prices of properties are relatively stable even through the recent recession,” he said. — By DAVID TAN
Real Estate Housing Developers’ Association (Perak) chairman Datuk Francis Lee said that since the Asian Financial Crisis in 1997, property prices had been stagnant.
“Presently profits reached sub-normal levels in Ipoh, with margins of about 10%.
”For example, the cost to construct which include the land and raw materials, and to market a landed property with a built-up of 1,800 sq ft, is around RM200,000.
“When sold in the market, such a property is priced between RM210,000 and RM225,000, depending on its location.
“The profit should be at least 20% as there are risks that the developer have to encounter, such as late delivery due to unforeseen circumstances and the liability period for claims on defects,” he said.
Lee said that for the past six months, the property development market in Ipoh had picked up.
“The demand is rising gradually,” he added.
“The growing demand in the property market, rising raw material prices, and land cost are likely to push property prices up in the second half by 10% to 15%.
“However, if the demand drops, there will be no new projects launched because of the abnormal returns.
“This will eventually force prices to move up to a more equitable level,” he said.
Lee said the present home ownership in Ipoh is about 60%, while the remaining 40% comprised those who stay as extended families or in rented premises.
“The potential for home ownership to grow in Ipoh is there, as it has a population of about 710,000,” he said.
Lee added that the purchase of primary and secondary residential properties in Ipoh was largely driven by effective home ownership demand. And only a fraction of which is in the form of property asset investment.
“As property prices in Ipoh are largely determined by economic fundamentals devoid of speculative investment, prices of properties are relatively stable even through the recent recession,” he said. — By DAVID TAN
Friday, April 23, 2010
Pavilion Residences in the heart of Kuala Lumpur
Luxury condominiums for sale in the heart of Kuala Lumpur. Newly completed and ready for occupation. Prices from RM1,300 psf.
Thursday, April 22, 2010
Hong Kong may raise stamp duty to avoid property bubble
Hong Kong may hike a transaction tax on homes valued at or below 20 million Hong Kong dollars (2.57 million US dollars) to avoid the possibility of an asset bubble, an official said Thursday.
A spokesman for the city's financial secretary John Tsang said the government was considering an increase in stamp duty similar to the one announced in February for homes over 20 million Hong Kong dollars.
The earlier measure, which raised stamp duty from 3.75 percent to 4.25 percent, came into effect at the start of April.
"There is always the risk of a property bubble developing," the spokesman said. The government would also hold several land auctions in the coming months to boost supply in the densely populated city of seven million, he added.
The average property sale turnover in the first quarter was 11,100 transactions a month, a 20 percent surge over the preceding quarter, according to government figures. "I appreciate the public concern over the drastic rise in property prices," Tsang told the city's legislature on Wednesday."Although the momentum in the property prices has slowed down a bit in recent months, the increasing risk of a property bubble cannot be ignored."
A spokesman for the city's financial secretary John Tsang said the government was considering an increase in stamp duty similar to the one announced in February for homes over 20 million Hong Kong dollars.
The earlier measure, which raised stamp duty from 3.75 percent to 4.25 percent, came into effect at the start of April.
"There is always the risk of a property bubble developing," the spokesman said. The government would also hold several land auctions in the coming months to boost supply in the densely populated city of seven million, he added.
The average property sale turnover in the first quarter was 11,100 transactions a month, a 20 percent surge over the preceding quarter, according to government figures. "I appreciate the public concern over the drastic rise in property prices," Tsang told the city's legislature on Wednesday."Although the momentum in the property prices has slowed down a bit in recent months, the increasing risk of a property bubble cannot be ignored."
How to squeeze your housing loans to maximise your returns?
By Michael Tan
First things first. Decide whether you are planning to make money or save money from properties. If you answered “Save money from properties”, this article may not be suitable for you. I’m here to share with you how you can use your property loan to make money for yourself. In fact, I know some people who have such proficiency of earning via this method that they have retired within 5 years of starting!
Some will disagree with the information that I am about to share with you. If we were to take all potential variables into consideration, it would be an endless task. However, should you use this method with care, you should be able to maximise the returns from your loans and make lots of money from your property while still keeping it!
To understand how this works, let’s go through a couple of basics. In general, does a property appreciate or depreciate in price? Now, how about a property loan? The answers are quite obvious. A property should, one hopes, appreciate in value whilst your regular monthly payments will reduce the amount outstanding on the loan secured against it.
So looking at the diagram above, how can you make money from your loan? As your property appreciates in price, and your loan reduces, the amount of equity (in other words, cash) in your property increases. In this situation, there is an easy way to access that tied-up capital: refinancing. The banks will also be aware if your property has increased in value, and majority of them will be more than happy to increase the loan amount, assuming that you can demonstrate you can afford the increased loan, and there is sufficient equity in the property. This way, you still own the property and are able to cash out some money from it. Ideally, it would be best not to increase the loan tenure whilst refinancing, even if the new monthly payments are a little higher, as this will end up costing you more in the long run.
Here’s an example of how this works. Let’s take a property worth RM300,000, with a loan of RM270,000. We assume that the property does NOT appreciate with time. The illustration below is with a fix loan of 6% p.a. (per annum).
Looking at the table below, you can easily take out RM20,000 every five years. However, you should only do this for your investment properties which are bringing you good rental yields. If you are able to rent your property out for seven percent and above, you can be rest assured that your tenants will be paying for your profits while you cash-out on your property at least every five years.
However, there is never a guarantee that property prices will ALWAYS go up, so it is unwise to overextend yourself completely. The clever investor will always keep a rainy-day fund to ride out dips in the markets.
With that in mind, happy investing!
Property Details
0 years
5 years
10 years
15 years
20 years
25 years
30 years
A. Property value
300,000
300,000
300,000
300,000
300,000
300,000
300,000
B. Down payment (10%)
30,000
30,000
30,000
30,000
30,000
30,000
30,000
C. Balance (A – B)
270,000
270,000
270,000
270,000
270,000
270,000
270,000
Financing Details
D. 25 years' loan
270,000
243,000
206,000
157,000
90,000
0
-
Unrealised Capital (C – D)
0
27,000
64,000
113,000
180,000
270,000
-
E. 30 years' loan
270,000
251,000
226,000
192,000
146,000
84,000
0
First things first. Decide whether you are planning to make money or save money from properties. If you answered “Save money from properties”, this article may not be suitable for you. I’m here to share with you how you can use your property loan to make money for yourself. In fact, I know some people who have such proficiency of earning via this method that they have retired within 5 years of starting!
Some will disagree with the information that I am about to share with you. If we were to take all potential variables into consideration, it would be an endless task. However, should you use this method with care, you should be able to maximise the returns from your loans and make lots of money from your property while still keeping it!
To understand how this works, let’s go through a couple of basics. In general, does a property appreciate or depreciate in price? Now, how about a property loan? The answers are quite obvious. A property should, one hopes, appreciate in value whilst your regular monthly payments will reduce the amount outstanding on the loan secured against it.
So looking at the diagram above, how can you make money from your loan? As your property appreciates in price, and your loan reduces, the amount of equity (in other words, cash) in your property increases. In this situation, there is an easy way to access that tied-up capital: refinancing. The banks will also be aware if your property has increased in value, and majority of them will be more than happy to increase the loan amount, assuming that you can demonstrate you can afford the increased loan, and there is sufficient equity in the property. This way, you still own the property and are able to cash out some money from it. Ideally, it would be best not to increase the loan tenure whilst refinancing, even if the new monthly payments are a little higher, as this will end up costing you more in the long run.
Here’s an example of how this works. Let’s take a property worth RM300,000, with a loan of RM270,000. We assume that the property does NOT appreciate with time. The illustration below is with a fix loan of 6% p.a. (per annum).
Looking at the table below, you can easily take out RM20,000 every five years. However, you should only do this for your investment properties which are bringing you good rental yields. If you are able to rent your property out for seven percent and above, you can be rest assured that your tenants will be paying for your profits while you cash-out on your property at least every five years.
However, there is never a guarantee that property prices will ALWAYS go up, so it is unwise to overextend yourself completely. The clever investor will always keep a rainy-day fund to ride out dips in the markets.
With that in mind, happy investing!
Property Details
0 years
5 years
10 years
15 years
20 years
25 years
30 years
A. Property value
300,000
300,000
300,000
300,000
300,000
300,000
300,000
B. Down payment (10%)
30,000
30,000
30,000
30,000
30,000
30,000
30,000
C. Balance (A – B)
270,000
270,000
270,000
270,000
270,000
270,000
270,000
Financing Details
D. 25 years' loan
270,000
243,000
206,000
157,000
90,000
0
-
Unrealised Capital (C – D)
0
27,000
64,000
113,000
180,000
270,000
-
E. 30 years' loan
270,000
251,000
226,000
192,000
146,000
84,000
0
Return on Investment: Calculating gross yield
How do property investors know which property to purchase? One of the assessment methods used regularly is termed as Return on Investment (ROI). It is not the only method that investors use to calculate returns; however, it is the most widely used.
ROI, also known as Yield, is calculated to determine the feasibility of a property investment. It is designed to assist the investor to answer, ‘Is this investment worth it?’, ‘What will I get back in return?’ and ‘Which investment options are more attractive?’
It indicates cash flow of an investment over a specific period of time, usually a year. Therefore, the higher the percentage of ROI/Yield, the better rated the property investment opportunity is. As with any investment, before you put your time, energy, effort and money into it, you must have an indication of the kind of returns, including an indication of when it is expected. In this article, “Yield” indicates an annual rate of return, unless otherwise noted.
Note: Investment property refers to a property purchased for the sole purpose of earning a return on the investment, either in the form of rent or capital gain. The owner does not live in the property.
How to calculate yield?In its simplest form, the profit of an investment is divided by the cost of the investment (Yield is usually shown in percentage). Often, it is best to determine each investment over the course of a year to find out the yearly Yield.
Gross yieldFor example:Investment property RM500,000Renovations RM80,000Rental RM3,000 per month / RM36,000 per year
Gross Yield = Annual Rent / Total Cost of InvestmentRM36,000 / RM580,000 = 0.062 = 6.2%
However, to arrive at a more accurate Yield (actual returns), you must deduct other costs such as Maintenance Charges, Sinking Fund, Management Fees, Insurance, Quit Rent, Assessment, Estate Agent and Legal Fees (where relevant) and other expenses.
Calculating the Yield for each property investment will aid in comparing, shortlisting and selecting investments that bring the best returns to you. However, at present we base our returns on the yearly rental and not the ultimate returns you will get when you sell the property. Yield and expected Capital Appreciation must be considered together, in order to make better decisions on the investment option. Some properties might be lower on yearly Yields but over a shorter period of time, it can double in property value.
The preferred Yield percentageAs a general rule of thumb, seasoned investors would go for a property investment which has a nett yield that is twice the fixed deposit rates, which in this case would have to touch no less than 5%.
How can this be achieved? There are only two ways, as per the formula – either rental can improve or reduction in purchase price. For example, if the seller is willing to consider RM450,000 and a more reflective rental is RM4,000 per month. The gross yield now hits 9.1%.
ROI, also known as Yield, is calculated to determine the feasibility of a property investment. It is designed to assist the investor to answer, ‘Is this investment worth it?’, ‘What will I get back in return?’ and ‘Which investment options are more attractive?’
It indicates cash flow of an investment over a specific period of time, usually a year. Therefore, the higher the percentage of ROI/Yield, the better rated the property investment opportunity is. As with any investment, before you put your time, energy, effort and money into it, you must have an indication of the kind of returns, including an indication of when it is expected. In this article, “Yield” indicates an annual rate of return, unless otherwise noted.
Note: Investment property refers to a property purchased for the sole purpose of earning a return on the investment, either in the form of rent or capital gain. The owner does not live in the property.
How to calculate yield?In its simplest form, the profit of an investment is divided by the cost of the investment (Yield is usually shown in percentage). Often, it is best to determine each investment over the course of a year to find out the yearly Yield.
Gross yieldFor example:Investment property RM500,000Renovations RM80,000Rental RM3,000 per month / RM36,000 per year
Gross Yield = Annual Rent / Total Cost of InvestmentRM36,000 / RM580,000 = 0.062 = 6.2%
However, to arrive at a more accurate Yield (actual returns), you must deduct other costs such as Maintenance Charges, Sinking Fund, Management Fees, Insurance, Quit Rent, Assessment, Estate Agent and Legal Fees (where relevant) and other expenses.
Calculating the Yield for each property investment will aid in comparing, shortlisting and selecting investments that bring the best returns to you. However, at present we base our returns on the yearly rental and not the ultimate returns you will get when you sell the property. Yield and expected Capital Appreciation must be considered together, in order to make better decisions on the investment option. Some properties might be lower on yearly Yields but over a shorter period of time, it can double in property value.
The preferred Yield percentageAs a general rule of thumb, seasoned investors would go for a property investment which has a nett yield that is twice the fixed deposit rates, which in this case would have to touch no less than 5%.
How can this be achieved? There are only two ways, as per the formula – either rental can improve or reduction in purchase price. For example, if the seller is willing to consider RM450,000 and a more reflective rental is RM4,000 per month. The gross yield now hits 9.1%.
Monday, April 19, 2010
A new haven in Ipoh Lakeside development to raise the bar in condominium living
lileen@thestar.com.myTHE HAVEN is expected to raise the bar in condominium living in Ipoh when completed in 2013.
The Haven Sdn Bhd co-principal Peter Chan says the RM230mil lakeside development will boast five-star services and amenities.
“The Haven is a development of distinction with trappings of luxury and functionality. It is an idyllic hideaway amidst nature with its centrepiece – a 1.6ha natural lake and monolithic limestone rock formations,” he says.
The project comprises three blocks of 26-storey condominiums with a total of 489 units built on 9.63ha.
It will include all the facilities of an up market condominium including a club house complete with gymnasium, sauna, a cafe/restaurant, a 60 m pool, spa, children’s playground and ample car parking facilities.
Chan says preservation of nature formed the cornerstone of the development as the company recognises the need to care for the environment and to reduce its carbon footprint.
“Our aim is for The Haven to be among the first developments to harvest nature’s renewable resources to power and maintain common areas. We will use solar panels and wind technology. Water from the lake will be harvested for common washing areas,” he says.
According to Chan, the water from the lake can be used for drinking as its quality surpasses the World Health Organisation’s requirements.
Despite being so close to nature, The Haven is only 10 minutes from the city centre and between three and eight minutes to all the major hypermarkets.
The Haven, Chan says, will have multi-layered security such as closed-circuit televisions, computer card access for residents, fenced perimeter and regular security patrolling.
The size of the units range between 893 sq ft and 2,840 sq ft and are priced from RM270,000 to RM1.4mil.
“Response has been overwhelming since our show unit was opened for viewing recently,” Chan says, adding that buyers from Singapore and Hong Kong had purchase some 60 units so far.
“We are confident of its appeal as a home for those in Ipoh as well as a retreat or vacation home for other Malaysians and foreigners,” he says.
The Haven Sdn Bhd is a wholly owned subsidiary of Superboom Projects Sdn Bhd.
Superboom Projects is the developer of the 576-unit Permai Lakeview Apartments in Ipoh and Subang Galaxy in Shah Alam.
The Haven Sdn Bhd co-principal Peter Chan says the RM230mil lakeside development will boast five-star services and amenities.
“The Haven is a development of distinction with trappings of luxury and functionality. It is an idyllic hideaway amidst nature with its centrepiece – a 1.6ha natural lake and monolithic limestone rock formations,” he says.
The project comprises three blocks of 26-storey condominiums with a total of 489 units built on 9.63ha.
It will include all the facilities of an up market condominium including a club house complete with gymnasium, sauna, a cafe/restaurant, a 60 m pool, spa, children’s playground and ample car parking facilities.
Chan says preservation of nature formed the cornerstone of the development as the company recognises the need to care for the environment and to reduce its carbon footprint.
“Our aim is for The Haven to be among the first developments to harvest nature’s renewable resources to power and maintain common areas. We will use solar panels and wind technology. Water from the lake will be harvested for common washing areas,” he says.
According to Chan, the water from the lake can be used for drinking as its quality surpasses the World Health Organisation’s requirements.
Despite being so close to nature, The Haven is only 10 minutes from the city centre and between three and eight minutes to all the major hypermarkets.
The Haven, Chan says, will have multi-layered security such as closed-circuit televisions, computer card access for residents, fenced perimeter and regular security patrolling.
The size of the units range between 893 sq ft and 2,840 sq ft and are priced from RM270,000 to RM1.4mil.
“Response has been overwhelming since our show unit was opened for viewing recently,” Chan says, adding that buyers from Singapore and Hong Kong had purchase some 60 units so far.
“We are confident of its appeal as a home for those in Ipoh as well as a retreat or vacation home for other Malaysians and foreigners,” he says.
The Haven Sdn Bhd is a wholly owned subsidiary of Superboom Projects Sdn Bhd.
Superboom Projects is the developer of the 576-unit Permai Lakeview Apartments in Ipoh and Subang Galaxy in Shah Alam.
Future trends in property market
leecheng@thestar.com.myPETALING JAYA: High-rise living, security and proximity to amenities and other conveniences are current trends in the property markets, while green buildings are the way to go in the future, several speakers at a seminar said.
Contrary to what many believe, Mont’Kiara will continue to grow as a popular condominium enclave after Bangsar, Klang Valley’s first condominium hub, said Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon.
Ho was speaking at the “Future Trends in Property” seminar organised by Sunway City Bhd here yesterday.
The three main condominium enclaves in Kuala Lumpur are KL City Centre (KLCC) area, Mont’Kiara and Bangsar.
There are today a total of 390 buildings or 24,200 high-rise residential properties (serviced apartments and condominiums) in the Golden Triangle of Kuala Lumpur which includes KLCC area; Mont’Kiara, Damansara Heights, Bangsar, Ampang and Sentul.
Despite the thousands of units in Mont’Kiara, the area would continue to grow as it has been doing the past three years, said Ho.
“Once a favourite among the expatriate community, Mont’Kiara today is increasingly being occupied by Malaysians who have decided to make that location their home,” he said.
Because of security issues and the unwillingness to live in further places like Rawang and Nilai, people would opt to live in high-rise, he said. This would be the trend in thecities and other parts of the country like Penang.
Ho said as the economic recovery took off, developers preparing to launch must take into consideration three main factors - location, timing and branding.
“Demand and supply are not everything about land economics,” he said, adding that the other change to note in Mont’Kiara was the trend towards commercial.
“People doing buinesss will want to go into that location,” he said.
Veritas Architects Sdn Bhd principal founder and chief executive officer David Mizan Hashim said “green” elements were the other trend in the property market.
“Places which have low energy consumption, sanitaryware and faucets which promote efficient water consumption, and sustainable features are increasingly become popular.
“People will increasingly want flexibility to convert a three-room unit to two or vice versa. This means the introduction of screens to support the desire and need for flexibility,” he said.
He said the popularity of gated and guarded projects would continue to grow and spill over to places like Johor, Perak and Penang.
“Even within a high-rise residential development, increasingly buyers will want new elements and features that set it apart from the rest,” he said.
Older projects will become the casualties in this demand for better and more innovative residential developments.
Not forgetting the need for innovation and technology in today’s lifestyle, Research Inc (Asia) Sdn Bhd managing director Datin Adila Lim Lay Ying cautioned against allowing designs to be defined by technology. She said past examples overseas showed that futurish designs emulating science fiction did not work.
“Buildings of the future should allow us to express ourselves, how we want to live and work,” she said.
On the KLCC and the various projects ongoing, she said the number of projects there would continue to grow and prices continue to rise, with certain projects to hover between RM2,500 and RM3,000 per sq ft.
SA Architects Sdn Bhd director Richard Sau said “green” features would continue to add value to projects.
Contrary to what many believe, Mont’Kiara will continue to grow as a popular condominium enclave after Bangsar, Klang Valley’s first condominium hub, said Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon.
Ho was speaking at the “Future Trends in Property” seminar organised by Sunway City Bhd here yesterday.
The three main condominium enclaves in Kuala Lumpur are KL City Centre (KLCC) area, Mont’Kiara and Bangsar.
There are today a total of 390 buildings or 24,200 high-rise residential properties (serviced apartments and condominiums) in the Golden Triangle of Kuala Lumpur which includes KLCC area; Mont’Kiara, Damansara Heights, Bangsar, Ampang and Sentul.
Despite the thousands of units in Mont’Kiara, the area would continue to grow as it has been doing the past three years, said Ho.
“Once a favourite among the expatriate community, Mont’Kiara today is increasingly being occupied by Malaysians who have decided to make that location their home,” he said.
Because of security issues and the unwillingness to live in further places like Rawang and Nilai, people would opt to live in high-rise, he said. This would be the trend in thecities and other parts of the country like Penang.
Ho said as the economic recovery took off, developers preparing to launch must take into consideration three main factors - location, timing and branding.
“Demand and supply are not everything about land economics,” he said, adding that the other change to note in Mont’Kiara was the trend towards commercial.
“People doing buinesss will want to go into that location,” he said.
Veritas Architects Sdn Bhd principal founder and chief executive officer David Mizan Hashim said “green” elements were the other trend in the property market.
“Places which have low energy consumption, sanitaryware and faucets which promote efficient water consumption, and sustainable features are increasingly become popular.
“People will increasingly want flexibility to convert a three-room unit to two or vice versa. This means the introduction of screens to support the desire and need for flexibility,” he said.
He said the popularity of gated and guarded projects would continue to grow and spill over to places like Johor, Perak and Penang.
“Even within a high-rise residential development, increasingly buyers will want new elements and features that set it apart from the rest,” he said.
Older projects will become the casualties in this demand for better and more innovative residential developments.
Not forgetting the need for innovation and technology in today’s lifestyle, Research Inc (Asia) Sdn Bhd managing director Datin Adila Lim Lay Ying cautioned against allowing designs to be defined by technology. She said past examples overseas showed that futurish designs emulating science fiction did not work.
“Buildings of the future should allow us to express ourselves, how we want to live and work,” she said.
On the KLCC and the various projects ongoing, she said the number of projects there would continue to grow and prices continue to rise, with certain projects to hover between RM2,500 and RM3,000 per sq ft.
SA Architects Sdn Bhd director Richard Sau said “green” features would continue to add value to projects.
Let green lung be, say residents
By THO XIN YI thoxinyi@thestar.com.my Apr 19, 2010
RESIDENTS of Perdana Heights in Shah Alam want the hills and a lake near their houses to remain as a green lung and recreational site.
Residents and owners association chairman Zaini Hassan said they did not wish to see the hills being cleared and the lake being reclaimed for development.
“We objected to the development about two years ago and should there be any new applications, we will fight it for the sake of preserving the environment,” he said at a residents’ gathering recently.
Shah Alam mayor Datuk Mazalan Md Noor assured the residents
that the lake would not be developed as it served as a water retention pond.
As for the hillside development, a representative from the Shah Alam City Council (MBSA) urban planning department said any development on Class 4 slopes (gradient over 35 degrees) would not be allowed.
If the developers want to develop the Class 3 slopes, they must comply with the guidelines, which emphasise on low density development.
The residents also raised the issue of congestion at the main road, Jalan Batu Arang, during morning rush hours.
To this, Mazalan said there is a proposal to build a highway linking Jalan Duta and Jalan Meru and it would help alleviate the traffic jam at Jalan Batu Arang.
“The road belongs to the Public Works Department (JKR), so it does not come under our jurisdiction.
“However, the State Economic Planning Unit is discussing with JKR about constructing a ramp as a short-term measure to address the traffic woes,” Mazalan said.
He explained that it was not easy to plan a wholesome traffic system as the plots of land in that area were being developed separately by different developers at different times.
“The same goes for the infrastructure and we have to ensure that the roads and drains of the new developments fit into the existing ones.
“There are about 25 developers here and only 20% of their land has been developed so far,” he said.
At the event, Mazalan also launched the Perdana Heights Bulletin, a quarterly publication to disseminate information and forge closer ties among the residents.
He lauded the association’s efforts and suggested including a column to publicise the council’s events.
“We can also inform the residents on what we have done,” he said.
Also present at the function were Alam Flora acting CEO Zain Hassan, U9 police station head Sgt Zainal Mohktar and MBSA councillor Zulkefli Mohd Nani.
RESIDENTS of Perdana Heights in Shah Alam want the hills and a lake near their houses to remain as a green lung and recreational site.
Residents and owners association chairman Zaini Hassan said they did not wish to see the hills being cleared and the lake being reclaimed for development.
“We objected to the development about two years ago and should there be any new applications, we will fight it for the sake of preserving the environment,” he said at a residents’ gathering recently.
Shah Alam mayor Datuk Mazalan Md Noor assured the residents
that the lake would not be developed as it served as a water retention pond.
As for the hillside development, a representative from the Shah Alam City Council (MBSA) urban planning department said any development on Class 4 slopes (gradient over 35 degrees) would not be allowed.
If the developers want to develop the Class 3 slopes, they must comply with the guidelines, which emphasise on low density development.
The residents also raised the issue of congestion at the main road, Jalan Batu Arang, during morning rush hours.
To this, Mazalan said there is a proposal to build a highway linking Jalan Duta and Jalan Meru and it would help alleviate the traffic jam at Jalan Batu Arang.
“The road belongs to the Public Works Department (JKR), so it does not come under our jurisdiction.
“However, the State Economic Planning Unit is discussing with JKR about constructing a ramp as a short-term measure to address the traffic woes,” Mazalan said.
He explained that it was not easy to plan a wholesome traffic system as the plots of land in that area were being developed separately by different developers at different times.
“The same goes for the infrastructure and we have to ensure that the roads and drains of the new developments fit into the existing ones.
“There are about 25 developers here and only 20% of their land has been developed so far,” he said.
At the event, Mazalan also launched the Perdana Heights Bulletin, a quarterly publication to disseminate information and forge closer ties among the residents.
He lauded the association’s efforts and suggested including a column to publicise the council’s events.
“We can also inform the residents on what we have done,” he said.
Also present at the function were Alam Flora acting CEO Zain Hassan, U9 police station head Sgt Zainal Mohktar and MBSA councillor Zulkefli Mohd Nani.
CapitaLand 1Q2010 net profit up 169% to S$115.4 million
Higher revenue recognition from residential sales
in Singapore, China and Vietnam
Singapore, 16 April 2010 – CapitaLand has achieved a net profit of S$115.4 million
in 1Q2010, 169% higher than the same period last year.
Revenue in 1Q2010 grew 41% to S$687.3 million largely from residential
development projects in Singapore, China and Vietnam, as well as increased
contribution from serviced residences operations. In Singapore, the 69% rise
in revenue to S$261.3 million was mainly due to continued recognition for the Latitude
and The Seafront on Meyer projects. Revenue from overseas operations rose
28% to S$426.0 million, representing 62% of the Group’s 1Q2010 revenue.
The contribution from Vietnam has increased due to revenue recognition for The Vista
in Ho Chi Minh City.
Group Earnings before Interest and Tax (EBIT) for 1Q2010 was S$309.5 million,
75% higher than that achieved in 1Q2009. This was driven by strong profits
from residential development projects and higher contributions from joint venture
projects, namely The Orchard Residences in Singapore and Summit Residences in
Ningbo, China.
As at 31 March 2010, CapitaLand had a cash balance of S$5.7 billion and net
debt-to-equity ratio of 0.27.
FINANCIAL HIGHLIGHTS
S$ million
1Q2010 1Q2009
Revenue
687.3
487.0
Earnings before interest and tax (EBIT)
309.5
176.4
Finance costs
(103.1) (102.2)
Profit after tax and non-controlling interests (PATMI)
115.4
42.9
PATMI excluding revaluations/ impairments
111.0
47.1
Dr Richard Hu, Chairman of CapitaLand Group, said: “Asia has emerged from
the crisis with renewed economic growth. The economies of Singapore and China –
two of the Group’s core markets – are expected to grow 7-9% and 9-10% respectively
in 2010. CapitaLand remains confident of Asia’s long-term growth potential and is
well-positioned to ride on the recovery of real estate markets and improved business
confidence in these markets. We will continue to deploy funds to our businesses in
China and Vietnam, and the serviced residence and integrated shopping mall
businesses, while being focused on demand fundamentals and disciplined in our
investment management.”
Page 2
Mr Liew Mun Leong, President and CEO of CapitaLand Group, said: “In Singapore,
we have sold residential units valued at about S$800 million in the first quarter, mainly
from Urban Suites. Phase two sales of The Interlace started this month and
approximately 75% of the 590 units released have been sold to-date. Office rentals in
Singapore have started to stabilise with the improvement in business confidence.
In China, there is sustained underlying demand from homebuyers and we have sold
about 800 residential units this quarter. We doubled our property portfolio in China
with the acquisition of Orient Overseas Developments Limited (OODL) and its seven
prime sites present opportunities to build homes, offices, shopping malls and serviced
residences. In Vietnam, we entered into a joint venture to develop our second
residential site in Hanoi and will further grow our presence through strategic
partnerships. CapitaMalls Asia deepened its presence in western China with two
acquisitions in Chengdu, expanding its portfolio to 87 retail properties in five
countries. Ascott, our serviced residence business, extended its footprint to Danang,
Vietnam with the city’s first international serviced residence brand. We will continue to
seek strategic opportunities such as the acquisition of OODL.”
Issued by: CapitaLand Limited (Co. Regn.: 198900036N)
Date:
16 April 2010
Analyst Contact
Media Contact
Harold Woo
Basskaran Nair
SVP, Investor Relations
SVP, Corporate Marketing and Communications
Tel: +65 68233 210
Tel: +65 68233 554
Email: harold.woo@capitaland.com
Email: basskaran.nair@capitaland.com
For the full CapitaLand Limited Financial Statements announcement and slides,
please visit our website www.capitaland.com.
This release may contain forward-looking statements that involve risks and uncertainties. Actual future performance,
outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of
risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry
and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties,
competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands,
customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental
and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support
future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on
the current view of management on future events.
in Singapore, China and Vietnam
Singapore, 16 April 2010 – CapitaLand has achieved a net profit of S$115.4 million
in 1Q2010, 169% higher than the same period last year.
Revenue in 1Q2010 grew 41% to S$687.3 million largely from residential
development projects in Singapore, China and Vietnam, as well as increased
contribution from serviced residences operations. In Singapore, the 69% rise
in revenue to S$261.3 million was mainly due to continued recognition for the Latitude
and The Seafront on Meyer projects. Revenue from overseas operations rose
28% to S$426.0 million, representing 62% of the Group’s 1Q2010 revenue.
The contribution from Vietnam has increased due to revenue recognition for The Vista
in Ho Chi Minh City.
Group Earnings before Interest and Tax (EBIT) for 1Q2010 was S$309.5 million,
75% higher than that achieved in 1Q2009. This was driven by strong profits
from residential development projects and higher contributions from joint venture
projects, namely The Orchard Residences in Singapore and Summit Residences in
Ningbo, China.
As at 31 March 2010, CapitaLand had a cash balance of S$5.7 billion and net
debt-to-equity ratio of 0.27.
FINANCIAL HIGHLIGHTS
S$ million
1Q2010 1Q2009
Revenue
687.3
487.0
Earnings before interest and tax (EBIT)
309.5
176.4
Finance costs
(103.1) (102.2)
Profit after tax and non-controlling interests (PATMI)
115.4
42.9
PATMI excluding revaluations/ impairments
111.0
47.1
Dr Richard Hu, Chairman of CapitaLand Group, said: “Asia has emerged from
the crisis with renewed economic growth. The economies of Singapore and China –
two of the Group’s core markets – are expected to grow 7-9% and 9-10% respectively
in 2010. CapitaLand remains confident of Asia’s long-term growth potential and is
well-positioned to ride on the recovery of real estate markets and improved business
confidence in these markets. We will continue to deploy funds to our businesses in
China and Vietnam, and the serviced residence and integrated shopping mall
businesses, while being focused on demand fundamentals and disciplined in our
investment management.”
Page 2
Mr Liew Mun Leong, President and CEO of CapitaLand Group, said: “In Singapore,
we have sold residential units valued at about S$800 million in the first quarter, mainly
from Urban Suites. Phase two sales of The Interlace started this month and
approximately 75% of the 590 units released have been sold to-date. Office rentals in
Singapore have started to stabilise with the improvement in business confidence.
In China, there is sustained underlying demand from homebuyers and we have sold
about 800 residential units this quarter. We doubled our property portfolio in China
with the acquisition of Orient Overseas Developments Limited (OODL) and its seven
prime sites present opportunities to build homes, offices, shopping malls and serviced
residences. In Vietnam, we entered into a joint venture to develop our second
residential site in Hanoi and will further grow our presence through strategic
partnerships. CapitaMalls Asia deepened its presence in western China with two
acquisitions in Chengdu, expanding its portfolio to 87 retail properties in five
countries. Ascott, our serviced residence business, extended its footprint to Danang,
Vietnam with the city’s first international serviced residence brand. We will continue to
seek strategic opportunities such as the acquisition of OODL.”
Issued by: CapitaLand Limited (Co. Regn.: 198900036N)
Date:
16 April 2010
Analyst Contact
Media Contact
Harold Woo
Basskaran Nair
SVP, Investor Relations
SVP, Corporate Marketing and Communications
Tel: +65 68233 210
Tel: +65 68233 554
Email: harold.woo@capitaland.com
Email: basskaran.nair@capitaland.com
For the full CapitaLand Limited Financial Statements announcement and slides,
please visit our website www.capitaland.com.
This release may contain forward-looking statements that involve risks and uncertainties. Actual future performance,
outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of
risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry
and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties,
competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands,
customers and partners, changes in operating expenses, including employee wages, benefits and training, governmental
and public policy changes, and the continued availability of financing in the amounts and the terms necessary to support
future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on
the current view of management on future events.
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