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no rush to buy, buy in batches. sian jin is right that the financials is resilient and decent. despite gloomy outlook for properties sector due to overhang and lending requirements, the company has managed to reduce unsold properties by 12% from end of q4'18 to q2'19. it is also in the progress of monetizing non strategic land banks, 4 parcels (186.6 acres) sold and remaining 7 parcels (439.2 acres) with estimated market value of $1.2b. these are land banks that does not fit it's strategic plan
pck kaboo following battersea progress also? phase 1 circus west is completed with 2 units remaining :) from a total of 867. phase 2 power station expected completion by 2nd qtr of 2021. 24 units remaining from total of 255 units. phase 3 electric boulevard by 3rd qtr of 2021; 180 units remaining from a total of 542 units. Waiting for updates on the plan for phase 4,5,6,7. One concern will be the impact of Brexit to phase 4 - 7.
while mortgage approvals data from UK showing increasing, there is growing concern that a no deal Brexit may impact property prices there - a drop by 6 to 7%. No one can accurately confirm the impact yet. you have updates on battersea news, pck kaboo?
attractive as in it's land banks for further development and land banks for sale that is not meeting Setia townships concept. near term challenge is to continue focusing on overhang properties. good progress made thus far with 12% reduction. no visibility of share price downside though. Follow your own plans is the best. :)
lip fei, best is to follow your own plan. imo - if it is long term investing, you can hold on first if your avg is not too far off from current price. brexit situation and it's impact on battersea subsequent phases, pending sales is unknown yet. My avg was higher and I added a bit at $1.24 as per the plan shared previously. will not add further until it's qr report is out and waiting for dividend plan. if there is no div announced, there is a possibility it will continue to slide to $1.08.
Lol, it was originally rejected by house of common speaker yesterday on the grounds too early after the initial vote last week. it's now going in for another vote today :) if it works well, it will be a boost for UK stocks again. cleared the air. and lesser impact to properties prices.
I guessed first is to watch how brexit evolves. until today, no one can really estimate the impact of messy brexit - financials which includes properties, industries, immigration, border controls, taxes and etc. Hope that all is good at the end of the day and coupled with our gov's initiatives to help on the overhang situations.
it's a big challenge there and the same project is to house Apple's new london campus, bringing all the folks in different cities at london together. the plan is to handover the campus to Apple by 2021. Hope everything turns out well as it's something that Malaysians should be proud off :) must deliver project.
UK parliament approved the deal but delayed the timeline for the debate on the deal. what it meant here is that there are signs that risk of messy/no deal Brexit is slowly diminishing. what is left on the table is (1) the MPs wanted a Brexit delay to Jan'2020 for an orderly Brexit (2) the PM hope of Oct 31 Brexit can only be achieved by triggering an early elections which the opposition's are not keen to. looks like calm is returning to UK markets and pounds.
that's right, Nick Chung. and apparently foreigners welcomed the move to lower the limits even though it's for unsold properties only. they have more options now. it will be months before we start seeing the impact on the unsold units