27 November 2012

An Iskandar Malaysia Property Discussion - 27 November 2012

I had a good time chatting with two pretty ladies today. They mentioned to me about their ideas or plans to invest in Iskandar Malaysia. As you know, my posts on Iskandar Malaysia are mostly focus on Nusajaya, a new area deployed for economy growth in South Malaysia. Just for an update up until today, Legoland Theme Park and Hello Kitty World Theme Park are opened for public, EduCity is already ready for foreigners to send over their kids to study in international school, Port Tanjung Pelepas is upgraded / expanded to cater for needs from companies wish to move from Singapore, and so on.

Our topics mainly focused on infrastructure, accessibility, as well as Malaysia Government. And of course if we can achieve at least 20% capital appreciation from Property Investment here within 2-3 years. So far, we all think that the property price in Iskandar Malaysia will go up again, as we heard that more Singaporean are willing to invest in property market here, be it for investment purpose or for second home purpose, as the property price here is far cheaper than in Singapore.

The RTS system is the main catalyst to further push up price of properties nearby train station in Iskandar Malaysia, as it will help to allow more residents to travel in between Johor Bahru and Singapore. The question is, how long would it take to build up the good RTS system as compared to MRT system which took Singapore governments many years to build and improve, and who are willing to travel for long hours to working place in Singapore from Johor Bahru.

The hot spots are now at Austin / Tebrau area and Sutera Utama / Bukit Indah / Skudai area. The future hotspots would be Kempas area and / or Medini / Puteri Harbour Area. Anyway, I still want to try to find a property in Singapore so that I do not need to worry about the rental rising in Singapore. The other reasons would be I will have a base in Singapore, so that I can be more focus on my remisier business in Singapore. I am currently traveling in between Johor Bahru and Singapore, and it takes about at least 1 hour to reach Singapore office from Johor Bahru home, if you go via Causeway.

Below is the map of Iskandar Malaysia which I extracted from Iskandar Malaysia website:




25 November 2012

Mah Sing Sri Pulai Perdana 2 - Last Phase Cluster House

I recently went to visit Mah Sing Johor Bahru branch office and submitted complaint case about my new house. I got the latest news on its last phase cluster house + Semi D in this project. Below is the photos I took from the brochure and wish to give you a clearer picture on its plan and the location. According to the staff there, the indicative price for new cluster house starting at RM538K and the Semi D started at RM668K.

Cluster House First Floor Plan

Cluster House Ground Floor Plan

Location of Taman Sri Pulai Perdana 2, Johor Bahru

21 November 2012

Intra-City Commuter Train for Iskandar Malaysia - Update 21 November 2012


JOHOR BARU: The proposal to develop the intra-city commuter train (ICCT) service for Iskandar Malaysia is still open and interested parties are invited to submit their proposals on the project.

Iskandar Regional Development Authority (Irda) chief executive officer Datuk Ismail Ibrahim said there were no reasons to stop those interested in the project from doing so.

He said although Irda had received a proposal on the project by Metropolitan Commuter Network Sdn Bhd (MCN), the Federal Government had yet to make a decision on it.

“There is no exclusivity on the part of MCN and we do not deny other interested parties from proposing the project to us,” Ismail told StarBiz.

He said the high-speed train (HST) project has attracted many potential investors, and companies could submit their proposals for the intercity rail project in Iskandar Malaysia.

The feasibility study on the HST project will be completed by the end of the year and the Land Public Transport Commission (SPAD) will submit its findings on the project to the Government in the first quarter of 2013.

It will only take 80 minutes on the high-speed train from Kuala Lumpur to Johor Baru and 90 minutes to Singapore.

“We (Johor and Irda) have done our part to support the proposal, but supporting does not tantamount to agreeing to the project to be implemented in Iskandar Malaysia,” said Ismail.
He recalled last year when several newspapers had misquoted Johor Mentri Besar Datuk Abdul Ghani Othman, who is also Irda co-chairman, as saying that Johor had agreed to the MCN's project.
MCN is a joint-venture company between KUB Malaysia Bhd and Malaysia Masteel Works (KL) Bhd and the company had proposed to the Government to construct and operate the rail transit network in Iskandar Malaysia.

The company had proposed to develop the RM1.23bil rail network covering 100km to serve all the major suburbs in the country's first economic growth corridor.

Under the proposal, seven new stations will be built along the route together with 16 halts and the rail network will also include a shuttle service from JB Sentral in the city centre to Woodlands in Singapore.
Among the areas to be covered by the service are Nusajaya along with major developments such as Legoland Theme Park, EduCity, the Johor Premium Outlets and the Senai Hi-Tech Park.

The ICCT is expected to start operations by 2013, with total deployment of 19 three-car trains.

“The Johor state government is not the approving authority of the project as it comes under the purview of agencies in Kuala Lumpur and Putrajaya,” said Ismail.

Johor and Irda supported the proposal by MCN as well as those from other companies as there is demand for the project.

Ismail pointed out that approval of the project had to be given by the Transport Ministry, the Finance Ministry, the Economic Planning Unit, the Public-Private Partnership Unit of the Prime Minster's Department and SPAD.

He said more details and review were needed by the approving parties before a decision could be made on the ICCT project to ensure its viability.

Ismail said other than supporting the proposal, Irda could not say more on the intercity rail transit network.
“Nevertheless, we noted the high implementation cost for the project while coverage is somewhat limited compared with the other public transport system,” he said.

Meanwhile, SPAD chairman Tan Sri Syed Hamid Syed Jaafar Albar had said in September that there was no study conducted on the ICCT project in Iskandar Malaysia.

“No study is as good as not having such a project in Iskandar Malaysia, but we always welcome those who are interested to send their proposals to us,” he said.

Source: Biz.Thestar.com.my

19 November 2012

Malaysia-Singapore Rapid Transit System feasibility study to be ready soon

JOHOR BARU: Malaysia and Singapore have a year starting from next month to make their decision on the Malaysia-Singapore Rapid Transit System (RTS) link project. Iskandar Regional Development Authority (Irda) chief executive officer Datuk Ismail Ibrahim said the feasibility study on the project would be completed by the end of this month.

He said phase one of the joint-engineering study would focus on the various alignments, customs, immigration and quarantine-related matters and multimodal terminal locations and other critical perimeters.

“Although both countries have a year to discuss the matter, they don’t really have to wait to complete the cycle before making the announcement,” Ismail told StarBiz.

He said a joint-announcement could be made any time from December until November 2013, if they found the study was good and the project was viable.

Ismail said the announcement could either be made in the first or third quarter of 2013, or even a month after the study was submitted to the respective government. “Although both countries have a year to discuss the matter, they don’t really have to wait to complete the cycle before making the announcement,’’ Ismail told StarBiz. “Although both countries have a year to discuss the matter, they don’t really have to wait to complete the cycle before making the announcement,’’ Ismail told StarBiz.

“This one year time-frame doesn’t mean a delay. We are giving ourselves ample time to study the project, but it must be running and operating by 2018,” he said.

He said Malaysia and Singapore need to consult their respective agencies and discuss the project at the top level, before cascading it to the implementing agencies.

“There are three possibilities or options for the RTS project linking Johor Baru and Singapore,” said Ismail.

He said the first option was to build another Causeway or a land bridge, while the second one was an elevated bridge and the last choice was to build a tunnel.

Ismail explained an elevated bridge could be a low bridge with an elevation of below 15m and impassable by boats or a high bridge of at least seven storey high or more than 35m high and passable to large vessels.

He said the third option was a tunnel a tube tunnel made elsewhere and sank from the surface of the sea or a bore tunnel involving drilling work like the Smart tunnel in Kuala Lumpur.

“Which is the better choice (the RTS link) will depend on the recommendations of the study, engineering point of view, costing as well as environmental impact,” said Ismail.

He said the undersea tunnel was more favourable as it would have minimal disruptions to traffic movements during construction as the project would be located near to the CIQ complexes of Malaysia and Singapore.

However, Ismail said the final outcome on what kind of link was the prerogative of both governments, adding that Johor and Irda would welcome any of the choice made by the two countries.

“The main idea of having the new link is to cater for the people’s movement and to accommodate for bigger volume and improve connectivity and accessibility between Johor Baru and Singapore,” he said.

Ismail hoped that the final choice made on the link would result in a permanent solution in solving the current congestion on the existing Causeway.

In May this year, Malaysia and Singapore had announced that both countries would undertake a project to improve connectivity by opening a RTS from Singapore to Johor Baru by 2018.

The joint Singapore-Malaysia statement said that the terminating stations of the link would be in the city of JB Sentral here and the vicinity of Republic Polytechnic in Singapore.

It added that the RTS link was targeted to be up and operating by 2018 and to have a co-located facility in Singapore and Johor Baru so that commuters needed to clear immigration only once for each way of travel.

Source: biz.thestar.com.my

16 November 2012

Learning to Purchase Singapore Resale HDB using CPF

Follow up with the previous post Learning to Purchase Singapore Private Property using CPF, I realized that  my cash flow is not stable due to my current career as a Remisier. The recent new launch from Pasir Ris  is the best property I could find on current market condition. As my gf and I decided to purchase 3 rooms properties, we decided to utilize CPF money together with the 5% cash deposit for 20% down payment to save our cost of living in Singapore.

Below is a very simple calculation:

If you have salary of SGD6,000 combined, you could have CPF contribution of SGD2,160. If CPF-Ordinary Account (OA) is 60% of total contribution, you could have around SGD1,296 to make the loan payment. But because HDB would not allow you to make full payment using CPF-OA, so we can make HDB payment of around SGD600. With using mortage loan calculator, if we take up SGD320,000 loan and maximum 30 years loan, the monthly payment is around SGD1,104.38.

We targeted SGD400K-  SGD500K property in Singapore. As we need to get ready with the COV of around SGD5K-SGD20K, so we have to have around SGD40K cash and SGD60K CPF for our first property purchase in Singapore.

So now we are waiting for Singapore property market to cool down further so that we could afford to purchase 3 sleeping rooms HDB (or so called 4 rooms flat) in Singapore. Next year is a good year to buy property. I hope.

12 November 2012

Malaysia's Petronas makes rare spot gasoline purchase

UPDATE 1-Malaysia's Petronas makes rare spot gasoline purchase (Source: Reuters)


SINGAPORE, Nov 12 (Reuters) - Malaysia's state-owned Petronas has bought around 100,000 barrels of 95-octane gasoline from the Singapore spot market in a rare move, three traders said on Monday.

"Petronas does not usually buy spot gasoline. The last time they did this was when they had a plant outage," said one of the traders based in Singapore. This has prompted talks in the market that Petronas' joint-venture (JV) plant in Malacca with U.S. oil company ConocoPhillips may be suffering from technical glitches although this could not be verified.

Petronas operates another refinery in Malacca. Traders added that a crude distillation unit (CDU) at the JV
plant may be running at reduced rates, and this could persist for about two weeks. Another trader estimated that Petronas may have paid more than $4 but under $5 a barrel to Singapore quotes on a free-on-board (FOB) basis for the gasoline cargoes.

Petronas' purchase, combined with the gasoline strength in the U.S. following supply disruption from Superstorm Sandy, may have sent Asia's gasoline margins up by close to 28 percent to
nearly a month high of $7.24 a barrel on Monday.

(Reporting by Seng Li Peng; additional reporting by Jessica Jaganathan and Yantoultra Ngui in Kuala Lumpur; editing by James Jukwey) ((lipeng.seng@thomsonreuters.com)(+65 6870 3086)(Reuters
Messaging: lipeng.seng.reuters.com@reuters.net))

Keywords: MALAYSIA REFINERY/PETRONAS

11 November 2012

Being Rich Through Asset Building Game

It's all about building assets. In making yourself richer.

Of course, I cannot guarantee you that being rich is a better life. However, at least we will have lesser worry on having financial difficulty to stop us from achieving our lifetime goals. I still believe that having goals other than $$ can make you happier. In broad, there are two types of assets that you can build along the way when you start working after graduated:

1. Invisible Assets - Attitude, Brave, Responsibility, Integrity, Loyalty, Prudence, Care etc. 

Those invisible assets are about building a stronger and better character, in making yourself to gone through the difficulty in your life. You couldn't able to always in achieving your goals in smooth ways. Whenever we face a failure, we need to analyze the reasons of failure and try to figure out solution / alternative path to the success. It is not the success makes us stronger, but the failure does.

I had failed my industrial training twice, and I retook CFA Level II exams for several years. In between, I could feel that I was very upset of those incidents. However, my heart kept telling me to stay strong, just continue what you want to achieve. After you looked back, you could tell that, having a strong character could have you to bypass all the obstacles.

I also noticed that Being Helpful is very good to everybody. You could feel happier after you helped someone within you capability. You also will find that you can easily get help from others too. I believe in "Karma", which means that once you help more people enough, there will be more helpers around you. Nonetheless, you got to help others with your true heart. Later they will feel you sincerity.

So do I believe in Hardworking. Without a hardworking mindset, you will also not be able to help yourself good enough. I still remembered what my primary school principle told me, that I became a better Table Tennis Athlete than an ex-classmate just because I kept practicing it a lot. Talent is 1%, the rest is about hardworking.


2. Visible Assets - 

After you have built up a stronger and better character, then now you have to set your mind to building a real assets in it. I do believe many of us had experience in becoming an employee just after graduated or before graduated. I believe that working is not all bout gaining experience but also creating your own personal network. It could help you in building up your business in future. I do noticed that some successful businessmen have their strong network and also resourceful information around them. Once you have a strong network, you could start learning how to build assets in long run.

Some people believe in property investment. They make rich through purchasing properties and get the good rental yield and sell it whenever they feel the time is right. I have one property in JB and I think I will be buying more properties in this area in near future, as it is now a booming market. But one of my friends told me that the current market trend is: It is getting expensive in New Market but you could still get a cheaper price in Resale Market.

I personally pretty like Shares Investment. I believe you can see some of my posts on equity investment here.
Once you invest in equity in correct way and long enough, it can double up your portfolio from 10K to 1M in around 20 years - 30 years, depending on your investment return. Of course this is just a theory. As I said, you still have to build up your invisible assets - such as hardworking, perseverance and other strong character in order to survive and grow yourself in Asset Building Game.

The most fastest way of building asset is through building up your business. I believe this is the most difficult part only after you have some experience in working with others. Nonetheless, you will have to have a greater responsibility as you have to take care of your staffs to ensure they have enough "food" to bring home. This is part of corporate social responsibility as well.

So, no matter how, I believe that this is a long journey. Let's strive to survive in this journey. Never Give Up!

08 November 2012

Singapore Events to January 31 2013

DIARY - SINGAPORE EVENTS TO JANUARY 31 2013

November 8(Reuters) - Following is a diary of upcoming
events in Singapore. Dates and time may change and not been
confirmed by Reuters.
For Singapore economic data, click on [SG-ECI]
All times are Singapore time, followed by GMT time in
brackets.


MONDAY, NOVEMBER 12
- 1330(0530GMT): Parliament Sitting.

TUESDAY, NOVEMBER 13
- Deepavali Public Holiday.

THURSDAY, NOVEMBER 15
- 1300(0500GMT): Retail Sales for September.

FRIDAY, NOVEMBER 16
- 0830(0030GMT): Non-Oil Exports (NODX) for October.

FRIDAY, NOVEMBER 23
- 0800(0000GMT): GDP Final for Q3
- 1300(0500GMT): Consumer Price Index for October.

MONDAY, NOVEMBER 26
- 1300(0500GMT): Industrial Production for October.

FRIDAY, NOVEMBER 30
- 1000(0200GMT): Bank Lending for October.

TUESDAY, DECEMBER 4
- 2130(1330GMT): PMI for November.

FRIDAY, DECEMBER 7
- 1700(0900GMT): Foreign Reserves for November.

FRIDAY, DECEMBER 14
- 1300(0500GMT): Retail Sales for October.

MONDAY, DECEMBER 17
- 0830(0030GMT): Non-Oil Exports (NODX) for November.

MONDAY, DECEMBER 24
- 1300(0500GMT): Consumer Price Index for November.

TUESDAY, DECEMBER 25
- Christmas Public Holiday.

WEDNESDAY, DECEMBER 26
- 1300(0500GMT): Industrial Production for November.

MONDAY, DECEMBER 31
- 1000(0200GMT): Bank Lending for November.

TUESDAY, JANUARY 1
- New Year Public Holiday.

MONDAY, JANUARY 7
- 1700(0900GMT): Foreign Reserves for December.

MONDAY, JANUARY 14
- 0800(0000GMT): GDP Estimates Q4

TUESDAY, JANUARY 15
- 1300(0500GMT): Retail Sales for November.

THURSDAY, JANUARY 17
- 0830(0030GMT): Non-Oil Exports (NODX) for December.

WEDNESDAY, JANUARY 23
- 1300(0500GMT): Consumer Price Index for December.

FRIDAY, JANUARY 25
- 1200(0400GMT): Final URA Property Q4
- 1300(0500GMT): Industrial Production for December.

THURSDAY, JANUARY 31
- 1000(0200GMT): Preliminary Unemployment Q4.
- 1000(0200GMT): Bank Lending for December.
- 1300(0500GMT): Business Expectations Q4.

06 November 2012

AirAsia X - Can it be flying higher after IPO?

AirAsia X is going to be listed in Bursa Malaysia, its home base country market, after posting its draft prospectus on the Securities Commission's (SC) website.

To my concern, I would like to know in more detail the prospectus before I can comment on anything. But what I was guessing was that, with current weaker market condition, the IPO price cannot be too high, and I am not sure whether Institutional Investors will buy its ideas, as the low cost carrier market is getting more competitive, especially in emerging market such as Asean countries. I would expects more alliance or rather M&A activities will be going on in later stage, maybe after a few years later.

Below are the paragraphs which I copied from The Edge Malaysia.


Tan Sri Tony Fernandes and Datuk Kamarudin Meranun's long-haul budget carrier AirAsiaX Bhd is targeting a January listing, and is considering setting its indicative initial public offering (IPO) price at about RM1.20 to RM1.40 per share, a financial executive told theedgemalaysia.com.

This values the high-profile AirAsiaX's flotation between RM948M and RM1.1B, of which only 75% will go to the company as 25% of proceeds are from offer for sale of existing shares by key shareholders. 

"The secondary share sale is not included in the RM700M. That is the amount the company will raise," the source told theedgemalaysia.com. 

In mid-October, AirAsiaX chariman Tan Sri Rafidah Aziz told the The Edge Financial Daily that AirAsia X expects to raise about RM700M from its IPO. This was not disclosed in AirAsia X's draft prospectus dated nov 1 posted on the Securities Commission's (SC) website for exposure until November 23.

To view full report, please go to Source: The Edge Malaysia


Singapore listed Company Report Announcement Date - November 2012

DATE COMPANY NAME RIC PERIOD

Nov 6 HTL International Holdings Ltd Q3
Nov 6 Singapore Airport Terminal Svs Q2
Nov 7 United Overseas Bank Ltd Q3
Nov 7 Biosensors International Q2
Nov 7 Riverstone Holdings Ltd Q3
Nov 7 Singapore Tech Engineering Q3
Nov 8 UOL Group Ltd Q3
Nov 8 Venture Corp Ltd Q3
Nov 8 China Aviation Oil (S) Corpn Q3
Nov 8 Noble Group Ltd Q3
Nov 9 Oversea-Chinese Banking Corp Ltd Q3
Nov 9 SembCorp Industries Q3
Nov 9 Wilmar International Ltd Q3
Nov 9 Mewah International Q3
Nov 9 Haw Par Corporation Ltd Q3
Nov 9 Hong Leong Finance Ltd Q3
Nov 12 ComfortDelGro Corp Ltd Q3
Nov 12 Genting Singapore PLC Q3
Nov 12 Golden Agri-Resources Ltd Q3
Nov 12 CSE Global Ltd Q3
Nov 14 SingTel Q2
Nov 14 City Developments Limited Q3
Nov 14 Asia Pacific Breweries Ltd Q4
Nov 14 Olam International Ltd Q1
Nov 14 Global Logistic Properties Q2
Nov 14 STX OSV Holdings Ltd Q3
Nov 14 Swiber Holdings Ltd Q3
Nov 14 WBL Corporation Ltd Q4
Nov 16 Fraser and Neave Ltd Q4 

05 November 2012

Singapore Q3 Corporate Earnings Reporting Time Table

DIARY - Singapore Q3 corporate earnings

Nov 5(Reuters) - Following is a list of quarterly results of
Singapore-listed companies due to be released until November
2012.

DATE COMPANY NAME RIC PERIOD

Nov 5 SembCorp Marine Ltd Q3
Nov 6 HTL International Holdings Ltd Q3
Nov 6 Singapore Airport Terminal Svs Q2
Nov 7 United Overseas Bank Ltd Q3
Nov 7 Biosensors International Q2
Nov 7 Riverstone Holdings Ltd Q3
Nov 7 Singapore Tech Engineering Q3
Nov 8 UOL Group Ltd Q3
Nov 8 Venture Corp Ltd Q3
Nov 8 China Aviation Oil (S) Corpn Q3
Nov 8 Noble Group Ltd Q3
Nov 9 Oversea-Chinese Banking Corp Ltd Q3
Nov 9 SembCorp Industries Q3
Nov 9 Wilmar International Ltd Q3
Nov 9 Mewah International Q3
Nov 9 Haw Par Corporation Ltd Q3
Nov 12 ComfortDelGro Corp Ltd Q3
Nov 12 Genting Singapore PLC Q3
Nov 12 Golden Agri-Resources Ltd Q3
Nov 12 CSE Global Ltd Q3
Nov 14 SingTel Q2
Nov 14 City Developments Limited Q3
Nov 14 Asia Pacific Breweries Ltd Q4
Nov 14 Olam International Ltd Q1
Nov 14 Global Logistic Properties Q2
Nov 14 STX OSV Holdings Ltd Q3
Nov 14 Swiber Holdings Ltd Q3
Nov 14 WBL Corporation Ltd Q4
Nov 16 Fraser and Neave Ltd Q4 
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