Thomson Medical    Last:0.043    +0.002

dancing with former remiser king

A sound move by the developers but shareholders might not think so.  Remains to be seen if   it was factored in during  last week's  sell-down.   

 

Malaysia's Iskandar Waterfront delays IPO on gov property measures-sources

KUALA LUMPUR, Nov 4 (Reuters) - Iskandar Waterfront 
Holdings, a Malaysian property developer focused on the southern 
state of Johor, has postponed an up to $300 million IPO to the 
last quarter of 2014 due to property cooling measures, two 
sources said on Monday. 
The firm, tasked with developing a metropolis in Johor state 
that neighbours Singapore, had previously deferred the listing 
to early 2014 from an initial target to sell shares in this 
current quarter. 
The IPO is a casualty of the Malaysian government's plan to 
raise real property gains taxes next year and double the minimum 
price at which foreigners can buy property as it seeks to cool 
prices. [ID:nL1N0IF07V] 
" The assets have to be revalued now with the changes in real 
property gains tax," said one of the sources. The sources 
declined to be identified as the matter was private. 
Officials in Iskandar could not be immediately reached for 
comment. 

 

but... also changes policies may not favourable to investors..

FundsTransfer      ( Date: 04-Nov-2013 09:32) Posted: Remember, Malaysia is still the only South East Asian nation that permits the purchase of landed property by foreigners.  Not Singapore, Thailand, Indonesia or Philippines for that matter. And the Chinese knows that.

 

Remember, Malaysia is still the only South East Asian nation that permits the purchase of landed property by foreigners.  Not Singapore, Thailand, Indonesia or Philippines for that matter.

And the Chinese knows that.

 

will rowsley move into the 29/295 level today ?

 

Yes....daily price movement cannot be control but for longer term, it should be fine.

paladin      ( Date: 04-Nov-2013 08:47) Posted: Agree, the malaysian have to do something to rein in the escalating property prices but dont think they want to crash the market. The actions that they took are very similar to those undertaken by the local authority.   However, like many had caution. Property has boom and bust cycles......if interest rate moves up, then the property prices will correct. The expectation (not mine) is that fed will scale down their money printing operation starting in 2014 and interest rate will start to go up in first half of 2015. If you subscribe to this scenario like I do, this leave us around 1 year or so before the tipping point. Hope to see what PL can deliver and hitch a ride within this 1 year.   So, not going to be too concerned about the vulgarity of daily movement and holding until sales start in early 2014 as announced. For those who wish to have a more balanced view of the charts, someone had posted it in the forum. Downward trend is highlighted but at least it also talked about potential upward trend if support at 30-31cents can be established. We are somewhere at the critical juncture at 28 cents today. The market has no logic and prices might move up if market sentiment on penny stock improve. So just wait and see if we will hit 30 cents and move up or whether it will tank as some predicted.

 

Agree, the malaysian have to do something to rein in the escalating property prices but dont think they want to crash the market. The actions that they took are very similar to those undertaken by the local authority.   However, like many had caution. Property has boom and bust cycles......if interest rate moves up, then the property prices will correct. The expectation (not mine) is that fed will scale down their money printing operation starting in 2014 and interest rate will start to go up in first half of 2015. If you subscribe to this scenario like I do, this leave us around 1 year or so before the tipping point. Hope to see what PL can deliver and hitch a ride within this 1 year.   So, not going to be too concerned about the vulgarity of daily movement and holding until sales start in early 2014 as announced. For those who wish to have a more balanced view of the charts, someone had posted it in the forum. Downward trend is highlighted but at least it also talked about potential upward trend if support at 30-31cents can be established. We are somewhere at the critical juncture at 28 cents today. The market has no logic and prices might move up if market sentiment on penny stock improve. So just wait and see if we will hit 30 cents and move up or whether it will tank as some predicted. 

 

Looking at the crazy price for the housing in some states in Malaysia u would understand why the gov had to step in to rein in the prices. The local is priced out so will complain like us...normal right?

paladin      ( Date: 03-Nov-2013 16:56) Posted: Knight Frank: Budget measures will not bring down residential property prices By Jeffrey Tan of theedgemalaysia.com | Business | The Edge Malaysia ? Wed, Oct 30, 2013 KUALA LUMPUR (Oct 30): Knight Frank, a global property consultancy, said cooling measures introduced in Budget 2014 last week will not bring down prices of residential properties in the country. Speaking to the media today, Knight Frank Malaysia managing director Sarkunan Subramaniam said the measures such as a higher 30% real property tax gain (RPGT) will not see house prices coming down. ?Residential property prices in Malaysia will maintain. We will have lesser transactions but we do not see prices coming down due to the cooling measures,? said Sarkunan. ?It may slow down the appreciation of house prices but it will not bring down prices.? Still on the Budget, Sarkunan praised the government?s efforts in building more affordable homes, saying the policy as ?good?. He said the cooling measures would stave off speculators but will not deter genuine investors and second homebuyers from buying. Its effectiveness will only be seen over time, he added. ?Instead of channeling all efforts via government agencies, we think private developers who are efficient should be roped in to provide affordable homes. Of course, the government has to give them incentives to build such homes,? he said. The Knight Frank head pointed out that the only way to bring down house prices is to flood the market with homes that are affordable. Meanwhile, Sarkunan said demand is still present in the commercial property sector, citing, ?We have 3-4 million sq feet of take up a year.? However, his concern lies on the issue of supply. ?We have a lot of supply coming into the market. This supply will certainly put pressure on brands and that will be a cause for concern,? he said. ?But we see this will be for a temporary period until supply gets absorbed in a span of 3-4 years.? Commenting on the raised minimum threshold for foreign buyers to RM1 million from RM500,000, he said this is a non-issue as these people are high net income individuals. ?What they buy is easily above RM1 million, so raising the bar is no issue. However, we are not sure if this applies to Medini, Iskandar Malaysia, as previously the minimum threshold was never applied,? he said. ?Even if it applies, it will not dampen Iskandar. Having said that, this means that outside of Medini, development within Iskandar may not be as attractive in comparison.? Additionally, Sarkunan said he foresees a buying trend to avoid Goods and Services Tax (GST) 6% effective April 2015. But he said the mechanics of the GST is still vague and more information is required for him to comment further.

 

There is a condo project Astaka@Iskandar that is marketing for over MR$2 mil onwards....so for the Vantage project when it starts to market I doubt the price will be lower.

JexxeLivermore      ( Date: 03-Nov-2013 19:26) Posted: The land cost already priced in but now foreigners will only buy properties above MYR1mio which converts to approximately less than SGD 450k. HDB four room flat costs about SGD 450k just for comparison. The demand for properties in Iskandar to collapse bec of this measure? I think not. So with a layman thinking , the Gov of Malaysia has helped the developers locked in high profit . No worries if Arabs did not come , the Mainland Chinese will turn up. How the price of the share will not appreciate in the long run will be a mystery. Am sure many will disagree especially the short buggers. No matter I am trying to share opp with like minded folks.

 

The land cost already priced in but now foreigners will only buy properties above MYR1mio which converts to approximately less than SGD 450k. HDB four room flat costs about SGD 450k just for comparison.
The demand for properties in Iskandar to collapse bec of this measure? I think not.
So with a layman thinking , the Gov of Malaysia has helped the developers locked in high profit .
No worries if Arabs did not come , the Mainland Chinese will turn up.
How the price of the share will not appreciate in the long run will be a mystery.
Am sure many will disagree especially the short buggers.
No matter I am trying to share opp with like minded folks.

 

Knight Frank: Budget measures will not bring down residential property prices By Jeffrey Tan of theedgemalaysia.com | Business | The Edge Malaysia ? Wed, Oct 30, 2013 KUALA LUMPUR (Oct 30): Knight Frank, a global property consultancy, said cooling measures introduced in Budget 2014 last week will not bring down prices of residential properties in the country. Speaking to the media today, Knight Frank Malaysia managing director Sarkunan Subramaniam said the measures such as a higher 30% real property tax gain (RPGT) will not see house prices coming down. ?Residential property prices in Malaysia will maintain. We will have lesser transactions but we do not see prices coming down due to the cooling measures,? said Sarkunan. ?It may slow down the appreciation of house prices but it will not bring down prices.? Still on the Budget, Sarkunan praised the government?s efforts in building more affordable homes, saying the policy as ?good?. He said the cooling measures would stave off speculators but will not deter genuine investors and second homebuyers from buying. Its effectiveness will only be seen over time, he added. ?Instead of channeling all efforts via government agencies, we think private developers who are efficient should be roped in to provide affordable homes. Of course, the government has to give them incentives to build such homes,? he said. The Knight Frank head pointed out that the only way to bring down house prices is to flood the market with homes that are affordable. Meanwhile, Sarkunan said demand is still present in the commercial property sector, citing, ?We have 3-4 million sq feet of take up a year.? However, his concern lies on the issue of supply. ?We have a lot of supply coming into the market. This supply will certainly put pressure on brands and that will be a cause for concern,? he said. ?But we see this will be for a temporary period until supply gets absorbed in a span of 3-4 years.? Commenting on the raised minimum threshold for foreign buyers to RM1 million from RM500,000, he said this is a non-issue as these people are high net income individuals. ?What they buy is easily above RM1 million, so raising the bar is no issue. However, we are not sure if this applies to Medini, Iskandar Malaysia, as previously the minimum threshold was never applied,? he said. ?Even if it applies, it will not dampen Iskandar. Having said that, this means that outside of Medini, development within Iskandar may not be as attractive in comparison.? Additionally, Sarkunan said he foresees a buying trend to avoid Goods and Services Tax (GST) 6% effective April 2015. But he said the mechanics of the GST is still vague and more information is required for him to comment further.

 

Pl not interested to earn millions...he.only.keen to earn billions....

starlene      ( Date: 03-Nov-2013 10:43) Posted: Dont think so as subst share holders PL must declare ..I won der this apply to warrants too...there is a moratorium. .PL may not be allowed to sell...correct me when wrong

 

Just visited JB. Property sales now in douldrem

 

Dont think so as subst share holders PL must declare ..I won der this apply to warrants too...there is a moratorium. .PL may not be allowed to sell...correct me when wrong

 

Dont understand why you said they " need" to issue warrant. Are you saying that PL is making money by off loading his warrant because only he has tons of them? If so, I think he still have a long way to go given the number he has. To off load at a good price, it would also mean the mother share price should hold up and move higher subsequently. Right? Or am I missing something again?

CWC2929      ( Date: 03-Nov-2013 02:43) Posted:   Ah moi .......they need to issue warrants lah .......+ some blur blur see PL+Gang they hoot first than talk......

 

I am waiting to see their pricing for their unit.....will all of the units be 1 million and above so that they could be sold to Singpaore.......

 

 

Ah moi .......they need to issue warrants lah .......+ some blur blur see PL+Gang they hoot first than talk......




 

 

 

Still remember hey day when they push till 84 and 68 respectively .. now is 0.5 ?

lglg666      ( Date: 02-Nov-2013 23:50) Posted: They better do so, as they will be the huge losers if they make magic show soon CWC2929      ( Date: 02-Nov-2013 23:23) Posted:   Got profit and huge profit = two different thing............if only chicken feet project how to push the counters...... current price consider overvalue liao...........unless PL and the Gang can play some magic show.........

 

They better do so, as they will be the huge losers if they make magic show soon

CWC2929      ( Date: 02-Nov-2013 23:23) Posted:   Got profit and huge profit = two different thing............if only chicken feet project how to push the counters...... current price consider overvalue liao...........unless PL and the Gang can play some magic show.........

 

 

Got profit and huge profit = two different thing............if only chicken feet project how to push the counters......

current price consider overvalue liao...........unless PL and the Gang can play some magic show.........