COFFEE TALK | kopiandproperty.com
200,000
New Marriages,
Y
es, in Malaysia, on
a yearly basis there
are 200,000 new
marriages every
year. There are also
a total of 80,000 new
properties being built on a yearly
basis. This information is from Mah
Sing’s group Managing Director
Tan Sri Leong Hoy Kum. He said
due to this, there would always be
shortages of property supplies.
Thus he believes the group
80,000
would be able to replicate its
amazing 2014 sales in 2015. In fact
he expected net profit would grow
18% year on year in 2015.
Mah Sing is also shifting its focus
to affordability, just like many other
developers and thus nearly half
or 44% of all its properties would
be below
New
Properties
RM500,000. The take up rate
despite the upcoming GST remains
at 75% which means that the breakeven stage has been exceeded. In
fact he said GST will not be a big
issue and the adjustment period
should take just 3 months.
After reading through all these
encouraging information from
Tan Sri, what do you think of the
property market in 2015? Of
course, not all developers are as
positive as Mah Sing. Remember
last year REHDA members said
that the negative sentiment
would persist into 2015?
However, when we look at
the overall market it is very
clear that affordability is
a very important factor
which can continue to
drive demand. The
founder of
penangpropertytalk.com, Ken
told me that affordability is a very
popular subject and every time
he publishes any of such related
articles, the response is very
encouraging. I just visited Quill
City Mall a few days ago and the
baby room inside AEON’s baby
department is simply amazing.
Think objectively, if this group is
not the main target, why spend so
much effort for the baby room?
If this group is the main target, it
brings us back to the number of
marriages in the first sentence.
Yes, the family formation is also
increasing tremendously and not
just the number of marriages.
Thus, smaller properties of below
1,000 sf all the way to bigger sized
condos or even landed ones would
continue to be in demand.
Yes, it’s also possible that Tan Sri
may just be too optimistic but Mah
Sing is a listed entity. Its result has
to be announced and made easy
for all to see and if majority of
what he said does not come true,
what do you think would happen
to Mah Sing’s share prices? Now,
what happens if you think he is
telling the truth and you are not
ready to buy their properties?
Easy. Buy some of their stocks
and keep for the next few years.
According to The Edge, the top
pick for 12 stockbroking firms in
town is Mah Sing. Prices? Please
refer online and kindly do a bit
more homework than believing
everything that is written. Happy
reading and learning.
124
www.PropertyHunter.com.my
550sf
VS
1,000sf
O
n and off, I
read articles on
how best some
interior designers
redesigned a tiny
small space into
a liveable space. For some cases,
it is tagged as desirable space. In
a recent article, someone bought
a small garage, made it into a very
nice little home which can even be
used to host parties for friends. He
made it into two levels, so that he
can have a bed on the 1st floor and
sleep right below the ceiling. Is this a
lifestyle that I would want in the near
future? Well, even if I am single, not
for me. To me, size is very important
to me. No matter how awesome a
550sf space can be redesigned into
something which looks like a 1,000sf,
I would prefer that 1,000sf place
anytime. Yes, call me a ‘traditionalist