Share Name Share Symbol Market Type Share ISIN Share Description
Malcolm Assd Ch LSE:MALA London Ordinary Share GB00B06CDF53 ORD 25P (ASSD MALCOLM BROOKFIELD CASH)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 0.00

Malcolm Assd Ch Share Discussion Threads

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DateSubjectAuthorDiscuss
18/4/2010
01:26
Here was my "best guess" on how the 18 year cycle might be applied in Penang, Malaysia. In KL, it looks like the cycle peaked about 3 years earlier, in 2008. Normally, the cycle requires at least 3-4 years off the top, to make a low. So we could see a bottom as early as 2011-12.
energyi
18/4/2010
00:33
NOTES: No low before 2011-12 (Residential) + Demand for niche residential properties remained strong in Q1-2010... + By contrast, demand for high-end condominiums in KL generally remained sluggish, with the average selling price falling 6.3% from RM574 psf in Q4-2009 to RM538 psf in Q1-2010, + Notable new launches of high-end condominiums in KL included the launch of Tower B of Verticas Residensi, The Pearl @KLCC, ... Upcoming condos in KLCC area in 2010 Project----------- : Units My Habitat Tower 1 : 168 My Habitat Tower 2 : 215 The Troika........ : 229 Ampersand......... : 071 Hampshire Place... : 186 / Total : 887 + Average condominium rents were also stagnant, at RM3.56 psf. The lack of movement is likely due to the large amount of incoming supply as occupiers are faced with an abundant choice of supply + Future Supply---- : (2010) : (2011) City Centre........ : +0,800 : +2,500 -est, eyeballing chart Outside City Centre : +1,400 : +3,300 -est (Office) + The occupancy rate of office buildings in KL increased slightly from 87.0% in Q2-2009 to 87.2% in Q1-2010 due to the lack of new supply + Office rents continued to drop over the quarter, albeit marginally. The average prime office rent fell from RM6.08 per sq ft per month in Q4-2009 to RM6.02 psfpm in Q1-2010. + About 14.90mn sf of new office space is in the pipeline for 2010 to 2014, the majority of which is scheduled to complete in 2012. /see: http://www.dtz.com/Global/Research/Property+Times+Kuala+Lumpur+Q1+2010
energyi
17/4/2010
15:21
Hi ToppBid Thanks for your comments. My GF and I are off for a visit to KL in about a week, and we shall be having a look at some property while there. It seems as though supply is still overwhelming demand in KL, but some builders continue to launch new projects, such as Kenny Heights, which we shall be looking at. We hope to make it to Penang again on a future trip Here's my "best guess" on how the 18 year cycle might be applied in Penang, Malaysia + + + Market Comment + + + Recovery weighted down by new supply[/b] DTZ Research in its Q1 report for 2010 summarizes the Malaysian market as follows: Posted Date: Apr 15, 2010 The Malaysian economy registered a positive growth rate in Q4 2009 after three consecutive quarters of contraction. Positive growth is forecast for 2010. • Prime office rents continued to experience downward pressure as companies remained cautious about expansion amidst a time of substantial new supply. • Overall retail occupancy rates and rents remained stable in Q1 2010. However, the outlook remains challenging due to the considerable amount of new supply scheduled for 2010. • [b]The residential sector continued to experience selective improved demand, particularly for niche residential properties and high-end landed residential properties. However, high-end condominiums in Kuala Lumpur experienced a drop in capital values and stagnant rents due to the high level of new supply.[/b] • There were no investment transactions over the quarter. Investor interest continued to be dominated by domestic and government-linked companies. Foreign investors are likely to return to the market during the later part of the year, although limited net sellers will increase competition for available stock. Read more at DTZ site: http://www.dtz.com/Global/Research/Property+Times+Kuala+Lumpur+Q1+2010 == == == == == Other threads you may find of interest on GEI: MY#1 : Kuala Lumpur : http://www.greenenergyinvestors.com/index.php?showtopic=2923 MY#2 : Penang ..... : http://www.greenenergyinvestors.com/index.php?showtopic=2951 MY#4 : Mont Kiara.. : http://www.greenenergyinvestors.com/index.php?showtopic=9390
energyi
15/4/2010
05:17
Hi Energyi, I did not post those articles to be negative on Malaysian property but to hopefully make you aware of any possible risk. I'm currently staying in Penang & I love it here, although the property market here perplexes me a little as I do not understand why the prices keep going up. There are so many construction sites both ongoing & planned that I fail to see where they will get the buyers from to sustain it. I do not think there are that many local people earning enough to sustain it, but hey I ain't no expert. There is one prominent property that does intrigue me though, it is called 'The View' & it can be clearly seen after crossing the bridge (twin towers). Because it is so visible whenever I go past at night I always count the number of apartments with their lights on & it is seldom higher than 12. The car park can be seen from the road too & it is always virtually empty. Is it that the 'investors' that bought property's here are just sitting on them for capital gain? They will still have to pay the maintenance charges & any other property costs. If most of these properties had tenants paying rent I could understand. I did go to view 2 properties here some time ago, both had never been lived in & I got the impression the owners were trying to 'flip' the properties to make a fast buck. In fairness this is just an observation as I have not done any real research on this property. Having said that every time a new build is complete I see quite a few of them up for immediate sale so I suspect this is being fueled by speculation.
topbidd
15/4/2010
01:45
Secondary offers - at Waterside "Should be done around May 2010" (orig. price : about RM 600 psf) Studio RM 650K / ??? = RMxxx psf - jan.5 ( RM638-810K ) 1BR RM 1.10mn / 1210 = RM909 psf - jan.28 ('high fl.") 2BR RM 1.50mn / 1800 = RM833 psf - jan.27 ('high fl.") E&O shares closed at 1.05, end 2009 /see: http://www.apartment-penang.com/2008/01/suites-at-waterside.html /also: http://penang-property-showroom.blogspot.com
energyi
15/4/2010
01:08
(my comment from a May 2008 visit to Penang): We saw a very beautiful high-end landed property project (Moonlight Bay- Rm 2.5 mn Houses) near Batu Ferrangi Overall, though, I have some big reservations about the current stage in the property cycle. It looks very toppy at present (see XX). A fall of 20% or more, starting this year cannot be ruled out. ==Mass market Pricing, as of two months ago=== Freehold condo: bayswater....... - 450k +- (completed) regency height.. - 300k-350k (completed) palm palladium.. - 350k +- (almost completed) vista gambier... - 350k +- (in construction) i-regency....... - 350k +- (in construction) D-piazza........ - 250k +- (in construction) Leasehold condo: gold coast...... - 350k +- (completed) the oasis....... - 300k +- (in construction) putra place..... - 250k +- (completed) /see: http://www.greenenergyinvestors.com/index.php?showtopic=2951&st=0&gopid=162471&#entry162471
energyi
15/4/2010
01:04
Hi topbidd. I own nothing (yet) in Malaysia. But I shall go down for another look in late April. You can keep in touch here: Malaysia, KL thread : http://www.greenenergyinvestors.com/index.php?showtopic=2923 = = = = = EXCERPTS from comments on E&O's Waterside project in Penang 1/ Prices seemed to have settled down at RM1.5mn 2/ Then in Jan there was an offer at RM1.1mn More: http://www.apartment-penang.com/2008/01/suites-at-waterside.html
energyi
09/3/2010
15:27
Hi energyi, Have you purchased in Malaysia or are you more interested in the actual developers here; how do you see the Malaysian property market going for the next few years?
topbidd
08/3/2010
08:07
RINGGIT comparison
energyi
08/3/2010
08:07
So what. I did just fine, PY, (as you know !) Fortunately I got out if UK property, and put my money into Gold mining stocks at the low in Gold in 2001. Where it went up by over 5X ... AFTER taking out all my living expenses. In 2007-8, I took a big chunk of equity out, and bought property in Hong Kong. After a scary time in late 2008, I have now sold down most of those HK, each one at a profit, leaving me with 1-2 flats "for free". How have you done with your wealth stuck in a weak currency like Sterling?
energyi
08/3/2010
05:10
Very interesting, and nice to see you back Energyi. Of course we must not get carried away here, I remember your forecast posted during the early days of the prolific Stream UK Housing thread. UK House Prices -The next bubble waiting to burst ?? stream - 20 Feb'01 - 18:36 http://www.advfn.com/cmn/fbb/thread.php3?id=661433&from=23 energyi - 3 Apr'02 - 21:30 - 38 of 51483 "25-30% DROP... within 18-24 months... is my forecast" "for stocks, or for property... Let us see" UK properties then continued to rise between 200% and 300% over the next few years. Lets hope you are more successfully prophetic in the East. Good luck.
py7777
05/5/2008
15:11
Is the robust property market sustainable? Comment: By FINTAN NG / Property News Oct 07 CALL me a cynic but I have often wondered about the potential of the local property market. This, of course, flies against the sentiments of experts in the sector, most of whom have been upbeat. Since the start of the year, there has been mainly good news from them although grouses do get aired from time to time. Developers, consultants and realtors have painted a mostly rosy picture of a pretty robust property market, basing their outlook on the usual suspects – the economy, the "feel good sentiments" of the public, the performance of the stock market and the roll-out of projects under the Ninth Malaysia Plan, part of which is already coming to fruition via the Iskandar Development Region, the Northern Corridor Economic Region and the soon-to-be-launched Eastern Corridor Economic Region. Even inflation, at around 2%, is manageable. There are also the various incentives that the Government has announced in stages since last December. These include the easing of Foreign Investment Committee regulations on the purchase of residential properties by foreigners, the suspension of the real property gains tax and the abolishment of stamp duty for residential properties priced at RM250,000 and below. The experts will also point out that relative to our neighbours, property prices are comparatively cheaper although I have been cautioned more than once about price comparison. There are many other factors that affect the property markets of our neighbours. The year is slowly winding down. Despite high crude prices hovering in the US$80 per barrel region in the past few weeks and the troubles in the US credit and equity markets over the last two months, the economy is humming along. It is not at the blistering gross domestic product growth of near 10% before the Asian financial crisis but still at a steady pace of nearly 6%. Quarterly reports by various property consultancies this year have noted the general upward movement of prices of high-end residential properties in select locations in the Klang Valley and Penang. In Johor, while property prices have also risen, they are not moving as strongly as in the two other regions. They have also noted that foreigners have taken up a substantial number of these properties, sometimes on an en bloc basis. Several consultants noted that foreign interest has been driving the prices of high-end residential properties in "hot locations" upwards. This is especially true of the area surrounding the Kuala Lumpur City Centre (KLCC). According to a consultant, the fear is that while Malaysia has largely been unaffected by the subprime mortgage crisis in the US, foreign interest may dry up if the crisis spills over into the US economy or credit is further tightened. "The crisis may spread through the credit fault lines or other factors may crop up that will have a negative effect on the market," he says. Another adds that the KLCC rental market is as yet untested, unlike Mont'Kiara/Sri Hartamas where there is a thriving expatriate community. "For the rental market in KLCC to do fairly well, the investment climate must be welcoming to attract foreigners," he adds. Going forward, a "welcome" mat and less red tape would be good for the high-end residential and office segments. As for the mass-market segment, as long as inflation is manageable and financing is cheap (or Bank Negara does not raise the overnight policy rate that affects commercial banks' base lending rates), many more people would be interested in purchasing property. This in turn would reduce the overhang that developers are constantly moaning about and lend more strength to the property bull. by The Star / SEE: http://apartment-penang.blogspot.com/2007/10/is-robust-property-market-sustainable.html
energyi
12/12/2007
00:43
Axis REIT plans to inject more properties By DANNY YAP AXIS REIT Managers Bhd, which manages AXIS Real Estate Investment Trust (Axis REIT), plans to inject a slew of properties from private equity and third-party transaction into the REIT in the next 12 months. As of Dec 4, Axis REIT's total asset value under management was RM560.8mil based on 14 properties in its books. There is also a good possibility that two more properties would be injected into the trust by this month or early next year, collectively worth RM65.48mil, bringing the portfolio to RM626.31mil in total. Stewart LaBrooy Axis REIT Managers chief operating officer and executive director Stewart LaBrooy said the time was right to add more properties into the REIT, especially from private equity. Axis REIT is on an aggressive acquisition trail to grow its property trust to RM1bil by end-2008. Axis REIT, which focuses on having a stable of properties for industrial use, showrooms and warehouses, was listed on the main board of Bursa Malaysia on August 2005. Five properties – all from private equity – worth a total of RM300mil, was injected into Axis REIT in the listing. Since then, another nine properties all from third-party transactions have been placed into the trust bringing the total number of properties in the REIT to 14 as of November. Most of the properties in the REIT are located in Petaling Jaya and Shah Alam, except for one in Senai, Johor and another in Sungai Petani, Kedah. LaBrooy said in third-party transactions, properties needed to be identified as suitable first before they were injected into the REIT. "We then acquire them if they are available for sale provided they meet our requirements in terms of potential yield, capital gains and asset enhancement opportunities," he told StarBiz. LaBrooy said the situation now was quite different. "We have the option to buy properties from third-party, private equity or both," he said, adding that there were seven properties from private equity, which could be regarded as the second portfolio of properties from private equity to be considered for injection into Axis REIT. "That's provided these properties meet the stringent requirements set by Axis REIT Managers, Securities Commission and the various regulatory boards," he said. He also said the seven properties or feedstock were specifically purchased earlier and carefully nurtured via asset enhancement activities to be later injected into the REIT when they were ready. Datuk Carl Gunnar Myhre The seven properties alone – believed to be worth over RM200mil – if injected into Axis REIT, would raise the trust to at least RM826mil by end-2008. That is assuming no third-party transacted properties are injected into the REIT as well for the whole of next year. On the difference between acquisitions of properties from private equity versus third-party transactions, LaBrooy said it was likely that properties purchased under private equity by Axis REIT were generally acquired under more favourable conditions – in terms of price or yield. Axis REIT Managers executive deputy chairman Datuk Carl Gunnar Myhre said: "I have higher aspirations to grow the REIT and I have my own targets for 2008." Myhre said it was important that Axis REIT had a substantial number of assets under its portfolio as fast as possible to grow the REIT size to be noticed internationally, especially by institutional investors. "As a REIT in Malaysia we are fairly known by local investors and most analysts but to attract institutional investors from abroad we need to grow much faster and bigger to take advantage of the growing industry, especially in the region," he said. Myhre said some of the REITs in the developed countries such as the United States and parts of Europe, Australia and even Singapore ran into billions. "Besides the quality of properties injected into the trust to provide the required yield, size is also important, especially in fund raising," he said. Stephen Tew Axis REIT director Stephen Tew agrees with Myhre on the importance of growing the REIT quickly. He said the REIT industry in Malaysia was growing strong and there were many foreign investors, especially from the Middle East, who were snapping up a lot of the premium properties, especially in the Klang Valley and the Iskandar Development Region in Johor. "In terms of valuation Malaysian properties are still very reasonable, compared with other countries in the region," said Tew. He said Axis REIT wanted to raise funds to go on a faster acquisition trail to mop up properties that are identified by Axis REIT Managers as suitable for potential injection into the trust. "While we might have been perceived to be quiet these few months in terms of acquisition, but in reality, we have been fairly aggressive in our acquisitions over the past two years," he said. Tew said one of the constraints faced by many REIT managers in expanding the trust was due to inadequate funds. Axis REIT has plans to place out 50 million new Axis REIT units under private placement – its first security issue since listing and hopes to raise about RM87mil from the exercise. Axis REIT chief financial officer Lim Yoon Peng said since the private placement has been given the nod by unit holders, the REIT's gearing is expected to be pared down to about 28%. It will also have additional funds to acquire more real estate. "Otherwise, our gearing would be about 44%, even after the injection of the two properties which is pending approval," said Lim. /see: http://biz.thestar.com.my/news/story.asp?file=/2007/12/10/business/19669719&sec=business
energyi
12/10/2007
06:37
Asia Pacific Land Bhd. International public company Suites 704 and 705, 7th Fl., 11 Lorong Kinta, Penang, , Malaysia ()60 04 227 0363, 60 03 2163 1157 fax, http://www.apland.com.my Primary SIC: Land Subdividers & Developers, Not Elsewhere Classified, Primary NAICS: Land Subdivision Description: Real Estate: Investment holding and management company with subsidiaries engaged in property development and investment, operation of golf courses and hotels, plantations, property management, and car park operations @: http://goliath.ecnext.com/coms2/product-compint-0001202370-page.html = = =
energyi
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