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.

Tip No 1#: Buy the neighbourhood, NOT homes! Consider Growth Potential

If you are looking for home, buy with your heart more than your head. BUT, if you want to an investment, put on your thinking cap.

Buying a home is an emotional decision. Everybody likes to feel that he is getting a good deal or that the property value will appreciate, but the truth is, most people buy a home because it uniquely reflect their personality.

They just want to live in a house like the one in which they grew up, and they proceed to buy a house like that, wherever it may be located. That can be FATAL.

Home buyers sometimes make mistake of focusing on home acquisition as an investment and overlook quality of life factors such as proximity to schools, parks, work and amenities. All these aspect of daily life that make a healthy, safe and comfortable home.

Tip No 1#: Buy the neighborhood.

My advice is to find the neighborhood that you like best and then select the best home for you in the neighborhood. It may not be the perfect home, but it will give you the best combination of factors that you need the maximum value and not lose your shirt when you sell.

Neighborhood drive values more than the individual homes do.

I have posted earlier in my blog on the new upcoming township called HillPark at Puncak Alam. I want to relate my tips to why you should invest in the neighborhood of Puncak Alam. This is my case study so you may want to explore other similar area that has the same traits.

As you can see from the google map above, it's going to be the next hotspot in Shah Alam. Hill park is situated just a stone away from UITM Puncak Alam main campus. With the existing mature township as Glomac Saujana Utama, IJM Shah Alam 2, and Worldwide Puncak Bestari, this is your next growth Potential Area. It has the right neighborhood, great accessibility from the new LATAR highway, University and Industrial Zone where work come in play.

Neighborhood drive values more than the individual homes.!

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