It was 630 in the morning and I was woken by crying sound from my
5 months old daughter. Instead of continue my sleep, I took a shower and
changed my mind to leave my house earlier than my actual plan. Of course, my
concern is traffic condition to Mont Kiara due to Bersih 3.0. Out of my
expectation, my journey from Kajang to Mont Kiara was extremely smooth. I
reached Sime Darby Convention Centre at Bukit Kiara in less than half an hour
via Besraya Highway, Federal Highway & Kerinchi Link. Along the way, I saw
police had already started their roadblock in front of Mid Valley (on the lane
leading to KL).
I was among earliest participant to arrive at the convention
centre. I took a cup of Milk Coffee (some people like call it as latte) and start checking out Facebook for Bersih’s update.
I would like to share speaker’s profile and some key points that I
gathered from this forum.
Previndran Singhe, CEO of Zerin Properties.
Previndran has broad experience in property
industry; having work for leading international property consultancy firms, a
short stint in Tenggara Capital Bhd as Commercial Manager and Head of Marketing
& Sales (Property) as well as Chief Marketing Officer (CMO) in hospitality
management company Signforce. Previndran set up Zerin Properties in 2002.
 |
| Previndran Singhe |
Here are some of the key points from Previn:
To his surprise, free Wi-Fi in Penang attracts talents. New start-up likes Penang because of the free Wi-Fi
Malaysia has great asset; which is young & hardworking population
Li Ka Shing spent more than RM800mil to buy malls in Malaysia
He is bullish on kajang due to the 3 upcoming MRT Station
Sell your property only if its meet you targeted ROI, IRR or if you later found your property in substandard location or substandard product (after completion)
Maintain “Buy Call” because of low financing cost and he foreseen price will continue to inching up
Raj Yogan Pillai, MD of Jthilagamraj Auctioneers Sdn Bhd.
Raj the second speaker, he suppose to talk about “buying auction
properties”. However, he was not able to turn up in the forum due to some
challenges on the road. I’m not sure whether he is wearing yellow.
Ho Chin Soon, Director of Ho Chin Soon Research Sdn Bhd
 |
| Ho Chin Soon |
Upcoming MRT and LRT lines
DASH: Damansara Shah Alam Highway
SKIP: Serdang-Kinrara-Putrajaya Expressway
SUKE: Sungai Besi - Ulu Kelang Elevated Expressway
He also mentions a study by Royal Institute of Survey Scotland – Different property prices in an area without MRT and with MRT. Check it out!
Christopher Boyd, Executive Chairman of CB Richard Ellis (CBRE
Malaysia)
As Executive Chairman of a
well known property consultant and based on his presentation in The Edge Real
Estate Forum 2011. I would expect his presentation for be filled with
interesting facts and analysis. |
| Christopher Boyd
Christ is bullish about landed properties in surrounding Taman Melawati, Setapak & Wangsa Maju area. He said the prices there is still low (despite good location and amenities). Investor should start invest there before the prices increase further.
He foreseen over supply in office properties. His advice to those buying SOHO for investment, ones should look for SOHO that having good criteria as residentials instead of offices.
Think long term in investment strategy. We must look 10 years ahead.
Don’t buy on price alone; low and medium low cost units are cheap but they do not offer much upside in long run
|
 |
| Dato Ahmad Zaini Othman |
Affordability of the property
Debt service ratio of the borrower
Net disposable income of the borrower
Reputation of developer
Daniel Lim, COO of Property Development Division, Sunway Group
Daniel has more than 25 years of experience in property development.
Before joining Sunway Group in January 2011, he was the COO of TA Properties
Sdn Bhd.
 |
From left: Daniel Lim, Christopher Boyd and Dato Ahmad Zaini
Othman
Daniel started his speech by trying to convince participant that developer is NOT making a lot of money primarily due to land cost and construction cost. He shows chart on property price index versus developer’s cost index. He insist that developer do not jack up property price to make more money.
Property speculation has slowed down due to new lending guidelines from Bank Negara. Speculators are now required to paid more down payment for new launches
In answering a participant’s question about his view on property bubble. Daniel said “No bubble, Bank Negara has done their job. No bubble”
|
I would like to stress here that I only capture points that
interest me. For full report on The Edge Real Estate Investment Forum 2012,
please check out The Edge @ 7-May-2012.
