MKH developer acquire stake in Puncak Alam Resources... Next to UITM PUNCAK ALAM, SHAH ALAM..

Dear All,

For those who have invested in Puncak Alam Township, Congratulation!. More good news are coming!

This is  my strategy for all these years... Focus on growth area! You cannot go wrong... However, it must be done properly and do not go blindly... I'll share with you one of the lesson learnt for NOT knowing the marketplace well in my eBOOK. Download today!

In the Edge website, MKH has taken over PARSB to develop another township in Puncak Alam. The original plan to develop Rozali City is now become Hillpark Shah Alam.

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KUALA LUMPUR: Kajang-based developer MKH Bhd has acquired a 100% stake in Puncak Alam Resources Sdn Bhd (PARSB) from the family of Tan Sri Rozali Ismail for RM30.6 million.

According to MKH’s announcement to Bursa Malaysia, PARSB holds an exclusive right to develop approximately 550 acres (222.6ha) of land in Ijok, Kuala Selangor, that belongs to TM Facilities Sdn Bhd, a unit of Telekom Malaysia Bhd.

MKH said the development agreement between PARSB and TM Facilities was signed in 2005, followed by a supplemental agreement in 2011. However, it did not elaborate on the status of development on the land or details of the agreement with TM Facilities.

It is worth noting that PARSB’s vendor Rozali is the controlling shareholder of water utilities group Puncak Niaga Holdings Bhd, which has unresolved issues with the Selangor government regarding the water infrastructure in the state.

The acquisition of PARSB is made through MKH’s wholly owned subsidiary Pelangi Seri Alam Development Sdn Bhd, which has already paid the RM30.6 million to the vendor.

“The purchase consideration was arrived at based on the estimated gross development value (GDV) of the land of approximately of RM1 billion,” said MKH, adding that there would be no liabilities assumed by the group arising from the acquisition.

MKH said it planned to develop the land into a new township comprising mixed residential and commercial development with a GDV of RM1 billion over five years.

“The acquisition is in line with the group’s objective to further strengthen its future revenue and earnings from property development and to enhance the group’s presence in Puncak Alam,” it said.

MKH added that the land is located at the northern growth corridor opposite the existing UiTM Puncak Alam campus and is easily accessible via major highways such as the Guthrie Corridor Highway and the New Klang Valley Expressway.

This article first appeared in The Edge Financial Daily, on August 07, 2013.

Selection the right property location for investment. New township ! Case Study.

Dear all,

If you are familiar with Kuantan, especially  in the new township, bandar indera mahkota, most of house price are in the range of RM300,000 to RM 600,000. The property  price has double since 2010. And all these are are leasehold.

Bungalow land area in 2005 at Bukit Istana was only RM 16 psf , now the latest I heard, it was selling at RM 45 psf. 

These are my analysis why property price in this area keep on to appreciate at a faster rate:

1. The new completion of KMC (Kuantan medical center ).  

It located in 10 acre of land. One of the biggest private hospital in Kuantan. Fully owned by TDM, it is expected to start in full operation somewhere in October 2013.

2. McDonald.

Yes, you are right. The new completion of McD in 2011 has attracted more and more traffic to the area. As I mentioned in my puncak alam post, McD are very good in property investment.

3. New intelligent township, KotaSas. 

The new township will cater additional 50,000 residences and has it own commercial center. 

4. New Integrated Kuantan Terminal Sentral. ( Terminal Sentral Kuantan )

The new bus terminal situated right beside the dual lane carriage, is very strategic and move human traffic from the busy Kuantan Town to Bandar Indera Mahkota.

For long distance traveller, the new bus terminal is definitely much better than the existing ones.

5. The new integrated RapidKuantan bus.

This is excellent masterplan by the government. When RapidKuantan started  their operation in Dec 2012, the bus network has good coverage from Teluk Cempedak until Gambang Water Park. 

I have actually doubt whether this new bus system can actually work similar model to RapidKL. Well, after 5 months of free bus service, it seems that more Kuantan people are beginning to accept the change.

I only heard complaint from the taxi drivers!

It has added additional convenience to the residence in Bandar indera Mahkota.

6. The new Tunas Manja Boutique Hotel

Located at the heart of Bandar Indera Mahkota, once an empty place, the hotel draw many tourist to stay in the area. The Hotel room is much more affordable compare to Hyatt or Zenith Hotel.

Not just that, shoplot in that area also flourish as more and more human traffic are available.

7. New UIA campus for medicine and hospital. 

It is one of the biggest UIA campus outside kuala lumpur. It mainly set up to cater for medicine and pharmacy stream.

8. Sultan Ahmad Shah Mosque

One of the biggest mosque build by UIA. 

Jammed pack on every Friday!

9. Mature township of Bukit Istana, Alam Perdana and Astana Permai.

10. New golf course called Mahkota Golf Club construction in progress. Expected to open in 2014.

11. Last but not least, integrated government building such as Imigresen complex, kwsp, jabatan pendaftaran negara, and Bomba definitely will draw additional population here.

In conclusion, a well amenities, facilities and neighborhood with mature population will definitely make your investment worth to wait. You cannot go wrong with it.

My advice is that, you take a look at any mature town and define your success criteria for your investment.

My case study on Bandar Indera Mahkota is definitely worth to consider. 

When I bought my property here in 2010,  all these additional facilities were not known. 

However, one thing for sure, the area has excellent accessibility which in the end, turn out to be a good investment. This is one of the most important criteria in my location selection. I'll share with you more criteria in my ebook later on.

Do you have any other criteria? Pls share with me!

Bandar Puncak Alam ... Latest Hotspot Township in Shah Alam...

SHAH ALAM - Pemaju hartanah, Worldwide Holdings Bhd berhasrat menyiapkan tujuh fasa projek Puncak Bestarinya, yang berkeluasan 50.2 hektar menjelang tahun 2017.
    
Projek itu dengan nilai pembangunan kasar RM320 juta, terdiri daripada enam hektar tasik, banglo, rumah separuh berkembar, rumah ters dan hartanah komersil.
    
Pemangku Ketua Pegawai Eksekutif Ahmad Azman Azizul Rahman berkata kumpulan mahu mewujudkan satu perbandaran baharu di Puncak Alam dan menyediakan lebih banyak rumah mampu milik untuk rakyat.
    
Beliau berkata fasa pertama projek yang terdiri daripada 25 unit pejabat komersil dan 136 unit unit rumah teres dua tingkat telah dijual selepas dilancarkan tahun lepas.
    
"Kami telah menerima sambutan yang menggalakkan semasa pelancaran fasa pertama. Kami yakin yang jualan untuk fasa kedua dan seterusnya akan sebaik seperti yang sebelumnya," kata beliau kepada pemberita selepas melancarkan fasa kedua projek di majlis Karnival Keluarga Puncak Bestari di sini.
    
Worldwide Holdings ialah syarikat pegangan dengan portfolio empat perniagaan teras: pembangunan hartanah dan pengurusan; perkhidmatan pengurusan persekitaran; pegangan pelaburan dan pembuatan peranti perubatan.
    
Sementara itu, Ahmad Azman berkata fasa kedua projek pula terdiri daripada 23 unit pejabat komersil, 48 unit rumah separuh berkembar dan 40 unit banglo.
    
"Kesemua pejabat komersil telahpun dijual dan kira-kira 20 peratus daripada kediaman separa berkembar dan banglo telah dijual," kata beliau.
    
Pejabat komersil berharga dari RM676,699, kediaman separuh berkembar ialah dari RM685,306 dan banglo dari RM820,156.
    
Beliau berkata yang kumpulan merancang untuk melancarkan fasa ketiga projek pada awal 2014, yang terdiri daripada 280 unit rumah teres.   
    
"Tesco, peruncit ketiga terbesar dunia, juga telah bersetuju untuk membina gedung mereka di Puncak Bestari dan projek itu sedang dilaksanakan.
    
"Dengan adanya Tesco, kami yakin yang projek Puncak Bestari ini mampu menarik lebih ramai pembeli ataupun pelabur," kata beliau.
    
Perbandaran baharu Puncak Bestari boleh diakses melalui Koridor Guthrie, Lebuh raya Latar, Jalan Batu Arang, Jalan Sungai Buloh dan Jalan Meru.
    
Ia terletak 20 km dari pusat bandar Shah Alam, 13km dari Bukit Jelutong dan hanya 3km away dari Universiti Teknologi MARA (UiTM), Puncak Alam. - Bernama

My Analysis:

If you had the chance to drive through Jalan Meru - Batu Arang, it is a busy road one thing for sure. Once a quiet town, now, you can see a lot new housing and township being developed.

This is very interesting.. 5 years ago, no one wants this place. It's like a ghost town... If you see what I see today.. It is a totally different scenario.. Why it happen?

1. Completion of uitm puncak alam. The most awaited campus which can cater 40,000 students.

2. Mc Donald outlet opening at the entrance of puncak Alam. Pack and full especially during weekend

3. 3rd biggest hypermarket chain, TESCO opening up their superstore at puncak bestari. One of the rule for any hypermarket to open at new area, they must conduct sustainability study and minimum population is 50,000. 

4. Completion of LATAR highway which connect puncak Alam to KL in less than 30 min

5. Other township being developed nearby such as bandar bestari,glomac saujana, Sri Pristana, Desa Coalfield, and at least another 5-6 new township being developed. 

6. Price of terrace houses has double since 2008. In 2008, you can get it about RM 150000, now, the latest launch by puncak bestari in 2010, the terrace house price was RM 350000. In May 2013, the new semi D at puncak bestari has now reached RM 650,000. Banglo house are now selling at RM 850000.

7. New mosque being constructed in the the township. This is to cater the larger Malay population around the area. Looking at the size, it is easily to cater 25,000 puncak alam residences.

8. Super hospital by uITM is on the way. This is as good as medical tourism as Price Court, etc.

9. Affordability. Price in KL and Klang Valley nowadays are crazy.. Terrace house is about RM 750000. With rising cost and house price, more and more people turn to further out from KL as it is still affordable and they still can enjoy and quiet place, nice scenery, and still have the connectivity and assessiblity to travel.

10. I was trying to reason out why McDonald , TESCO and Econsave would dare enough to invest at puncak Alam. 

One thing in common, they are property investor that has certain criteria before they would put down their money which is population and 'vacuum' created by the increase population at puncak Alam. With more and more people start to move in to puncak alam, these would create a vacuum for commercial properties.

 People still need to do their goceries, banks, kopitiam, hardware, etc. For those that would like to conduct their business here, I strongly recommend to take a look at this location... 2 storey shoplot in 2008 was only at RM450000,... Now... RM750000...and sold out in one day! Most of the commercial shoplot in KL nowadays are around RM 2.2 million... So, what would happen in the 5 years? 

I would not be suprise in the next 10 years, puncak Alam will be as good as Bukit Jelutong, Setia Alam, and other mature township since a strong and reputable developer such as IJM and Worldwide are expert in developing a new hotspot township.

Definitely a GOOD buy!