【HUNZPTY 5018 交流专区】汇华产业

scsiang82

Friday May 16, 2008
PHT: No logic in approval of project
By PRISCILLA DIELENBERG

THE Penang Municipal Council approved the billion-ringgit Gurney Paragon project without knowing if the traffic dispersal system in the area would be in place, according to Penang Heritage Trust (PHT).

PHT chairman Dr Choong Sim Poey who claimed this, added this was because the state’s Penang Outer Ring Road (PORR) and the monorail projects were still pending.

“There is no logic at all in the approval,” he told a press conference in Penang yesterday.

The Gurney Paragon project is a mixed integrated development by Hunza Properties (Penang) Sdn Bhd that consists of two 43-storey ser-vice apartment towers, a 37-storey business tower and other commer-cial buildings.


Under scrutiny: Dr Choong showing a sketch of the Gurney Paragon project.

Dr Choong said that when the matter was brought to the state Planning Appeals Board earlier this year, the council responded that traffic congestion in the area could be overcome with the implementation of the PORR and a mass transit system as well as modification to the traffic system.

“The Ministry of Finance recently announced that the PORR and monorail projects have not reached the approval stage,” he said.

He claimed the modifications would need a massive restructuring of the road systems in the vicinity that would disrupt traffic.

Dr Choong also said that the council maintained that it was not required under the Town and Country Planning Act 1976 to consider the views of NGOs, but only the views of those living within a 20m radius of the project’s boundary.

He said the Planning Appeals Board dismissed the case in March when the sole complainant representing 73 affected residents in the area pulled out.

Dr Choong said the Act was first implemented over 30 years ago when there was no development of this size affecting hundreds of people around the area.

“This project is 2.5 times the size of Komtar. Even when Komtar was built, a comprehensive study of the whole area was done and it was not limited to the 20m radius,” he added.

While he felt that the Act should be amended, he said the council was entitled to use its discretion.

Dr Choong said he wrote to Chief Minister Lim Guan Eng and state Local Government, Traffic Management and Environment Committee chairman Chow Kon Yeow seeking a review of the planning permis-sion.

On March 24, Lim said the state would get views from all quarters, and would review the project if there were “justifiable grounds”.

When contacted, council president Datuk Zainal Rahim Seman declined to comment, saying that the state government was aware of the situation and that the case had gone through the Planning Appeals Board.

Hunza Properties Bhd executive chairman Datuk Khor Teng Tong declined to comment, saying he would leave the matter to the authorities.

http://thestar.com.my/metro/story.asp?file=/2008/5/16/north/21268806&sec=north

scsiang82

Monday May 19, 2008CM: Initial works on second bridge in advanced stage
Preliminary works on the second Penang bridge are almost completed.

Chief Minister Lim Guan Eng said based on reports from contractors involved in the works, the construction of the new bridge could begin soon.

“Preliminary works like surveys, engineering designs, site clearing, soil investigations, basic construction and testing are almost fini-shed at various stages.

“The rate of completion is quite advanced. What remain are dredging works that are currently 34% completed.

“In this regard, we hope the Federal Government can speed things up in order for the main bridge construction works to be-gin in the shortest possible time,” he said, adding that investors were also interested in the construction phase.

Speaking to reporters at a press conference at his Komtar office after the state exco meeting on Friday, Lim clarified that the state was not questioning the Federal Government’s commitment on the RM4.3bil second bridge.

“It is the speed of the construction that we are worried about. We already know the bridge will not be completed on time,” he said.

The second link, scheduled to be completed on Jan 1, 2011, has been delayed for nine months.

On land acquisition problems for the bridge, Lim said the Federal Government had yet to communicate with the state on the issue.

On drawing up a state crisis management plan, he said the state was concerned of the need to react to disasters quickly and state Health, Welfare and Caring Society committee chairman Phee Boon Poh was working on a state emergency contingency plan.

“One of the new measures by the state is to test the response of relevant relief authorities to disaster by instructing them to distribute financial aid to victims within 24 hours after a disaster.

“This was not done in the past. We are trying to accomplish this in this administration,” he said.

Lim also commented on the billion-ringgit mixed integrated de-velopment project Gurney Paragon, which the Penang Heritage Trust was against, saying the project did not have a traffic dispersal system.

Lim said he sympathised with the Penang Heritage Trust chairman Dr Choong Sim Poey but the approvals for the project were given by the previous administration and thought he (Dr Choong) had exhausted all avenues after PHT’s appeal to the Planning Ap-peals Board was dismissed in March.

He also welcomed the Federal Government’s decision to form a high-powered committee to look into the country’s shortage of gas supply and find solutions at the shortest possible time.


http://thestar.com.my/metro/story.asp?file=/2008/5/19/north/21285087&sec=north

scsiang82

Monday June 2, 2008
Penang projects to gain from conversion


A NUMBER of property projects in Penang, especially those on reclaimed land of the island and township developments by state agencies, can look forward to higher property value if the land tenure of these projects is converted to freehold from their current leasehold status.

According to Real Estate and Housing Developers Association Penang chairman Datuk Jerry Chan, while most privately owned pieces of land are on freehold status, projects on state reclaimed land are mostly on leasehold land.


A filepic showing the development of Seri Tanjung Pinang

Townships undertaken by state agencies in Bayan Baru and Seberang Jaya and commercial projects such as Komtar are also on leasehold basis.

“The initiative to allow the conversion of leasehold residential land to freehold status is certainly welcomed as it will add value to leasehold property and development projects in the state.

“It is a timely exercise to raise Penang's profile and attraction as a real estate destination,” Chan said.

The projects that stand to benefit include IJM Properties Sdn Bhd's 350 acres of reclaimed coastal land along the Jelutong Expressway, which has a potential gross development value of RM6.5bil.

Under a privatisation exercise in 1997 to build the Jelutong Expressway, IJM was granted the right to reclaim the land for property development.

Development plans for an integrated waterfront township called The Light will comprise residential, entertainment, business, education and commercial components.

Under phase one, six parcels of high-end residences will be developed over 17ha comprising 1,186 units. It is scheduled for completion in three to five years.

Phase two will comprise a commercial and retail centre on 41.68ha while phase three would be developed into a 2.8ha seafront park.

Previously, there were also other sizeable leasehold property developments in the state that have been converted to freehold status.

In October 2005, the former Penang state government allowed the 73-acre Queensbay land to be converted from leasehold to freehold. The Queensbay project, which was located on reclaimed land, was jointly developed by the state and a private developer.

When the original developer was unable to continue with the project, the state government in a kind gesture granted the conversion of the freehold titles to the buyers as “compensation in kind”, as the developer (the state is also a partner) was unable to pay the liquidated damages.

The CP group was invited by Bayan Bay Development Bhd to be the “white knight” to revive the project. Work started in 2005 and the project is scheduled for completion in 2013.

The entire integrated seafront township in the southwestern seaboard of Penang island will have a gross development value of RM1.5bil.

In 2006, E&O Property Development Bhd also managed to convert its Seri Tanjung Pinang reclaimed land in Tanjong Tokong to freehold status.

Seri Tanjung Pinang, with an estimated gross development value of RM2bil, is a key earnings driver for E&O. With the 605 acres and rights to reclaim a further 740 acres, the company is one of the largest developers in Penang now.

http://biz.thestar.com.my/news/story.asp?file=/2008/6/2/business/21417391&sec=business

scsiang82

Monday June 2, 2008
Call for review of land status

Stories by ANGIE NG


PROPERTY consultants and developers agree it is time to review the country's leasehold land concept to keep up with the changing needs and overhaul Malaysia's land tenure system.

They concur that such an initiative would benefit individual property owners as well the respective state governments through conversion premium income.


Datuk Seri Leong Hoy Kum

“While owners of individual leasehold property face a steady erosion in the value of their property over time, state governments are sitting on essentially a goldmine which could easily be unlocked by returning the freehold rights to the leaseholders,” Regroup Associates executive chairman Christopher Boyd told StarBiz.

He said it was timely for the Federal Government to take the lead to come out with a Leasehold Reform Act that would enable leaseholders to buy the freehold interest based on a certain premium formula.

“Both the Federal and state authorities should realise that there is no point in holding on to their freehold reversions. An orderly and transparent system for selling the freehold rights to the respective leaseholders would be a wise and popular move.

“The whole leasehold concept is an anachronism and has outlived its usefulness. It's a legacy from the old British system and Britain has also went on to review the leasehold concept that resulted in the Leasehold Enfranchisement Act (1963), giving leaseholders the right to buy up their freehold interest. “It is long overdue in Malaysia and a review is certainly in order,” Boyd said.

He said the Penang state government's initiative to encourage residential leasehold landowners to have their land converted to freehold status would have a far-reaching impact on the property market if it was adopted by the other states.

Penang chief minister Lim Guan Eng had recently urged leasehold landowners to apply to the state government to convert government land into freehold status with a premium payment.

The new land policy would allow 30-year, 60-year or 99-year residential leasehold land to be converted into freehold land on a case-by-case basis. The state is also looking at allowing the tenure of leasehold industrial land owned by the state government to be extended from 60 years to 99 years.

“It is a very far-sighted policy that will encourage a long-term mindset in terms of development plans by developers and enhance the attraction of Penang as a real estate investment venue.

“Leaseholders will substantially enhance the value of their properties, and when renovating or improving their properties, they can take a long-term view,” Boyd said.

He said the land premium price to convert leasehold to freehold status had to be based on a fair formula, taking into account the difference between the freehold land price and the property's current market price.

Real Estate and Housing Developers Association (Rehda) president Ng Seing Liong concurred that the initiative was a positive development for the people as well as the property sector and urged other state governments to look into adopting it.

Rehda Penang chairman Datuk Jerry Chan said land and property value could easily appreciate by 25% to 30%, and property projects would be more marketable and attractive to investors.

“The onus is on the state government to disclose the quantum of premium to be paid based on a fair formula for leaseholders,” he said.

Mah Sing Group Bhd president and group chief executive Datuk Sri Leong Hoy Kum said converting leasehold land to freehold status would certainly enhance the value of the development, depending on the location of the property.

If it is in the heart of the city and at a very strategic location, the appreciation in value could reach 100% to 300%.

“There will be a two-fold benefit to the owners – they do not have to face the hassle of renewing the leases, and they may enjoy a windfall should they decide to sell the land or property later. Bank financing for freehold property will also be easier to come by compared with property with less than 40 years’ lease.

“Besides enhancing the appeal of the development for local buyers, this will also encourage foreign buyers to participate more actively in the property market,” Leong said.

He said Penang was a good state to start with the initiative “since there is not much leasehold land there and other states can observe the effects of the initiative before deciding whether this is viable for the individual states.”

“Developers who may have been hesitant to develop land with short lifespan left on their leases will have a new avenue to explore business opportunities. This will be a stimulus to boost the property market as there will be more land transactions,” Leong said.

http://biz.thestar.com.my/news/story.asp?file=/2008/6/2/business/21416606&sec=business

stanleymyc

股息还在..
single tier.

注意看，每家公司股息"减少".

[ 本帖最后由 stanleymyc 于 2-6-2008 04:41 PM 编辑 ]

stanleymyc

不可能吧， 不过，谢谢分享

scsiang82

09-06-2008: Property sector — where only the strong will succeed
by Surin Murugiah


KUALA LUMPUR: Established property players with solid financial standing will be able to weather the expected slump in demand for residential properties in the short term and emerge stronger as house buyers start to acquire homes in the longer term, said Kenanga Investment Bank Bhd.

The research house said while the sector would definitely be impacted indirectly by increased raw material cost, developers which had locked in costs and sales by early 2008, like Mah Sing Group Bhd, would be least affected.

“For newer launches, developers could face margin compressions if they are unable to pass on the cost to buyers,” it said.

Kenanga Research said overall property sales volume was expected to decline as potential buyers put off purchases due to inflationary effects resulting from the severe reduction in fuel subsidies.

However, it said property prices should stabilise and be buoyed by inflation factors, but would experience slower growth in the medium term.

The research house said it favoured high-end and commercial property developers with strong branding and good track record, including Mah Sing, SP Setia Bhd, Eastern & Oriental Bhd, Hunza Properties Bhd and KLCC Property Holdings Bhd.

It said the companies could preserve margins by increasing selling price or secure relatively stronger or steadier take-up rates like SP Setia’s townships pursuant to the 1997/1998 Asian financial crisis.

Kenanga Research said the companies’ target market tend to be high net worth individuals who are more resilient to inflationary factors, and their strong balance sheet and cash flow provide them with the ability to withhold launches.

Meanwhile, Inter-Pacific Research Sdn Bhd said demand for homes will come down in the short-term but gradually pick up in the medium- to long-term as buyers adjust to rising living costs and invest in properties that would appreciate over a longer period.

It said the property companies under its coverage were generally performing at average levels, with the exception of YNH Properties which stood out from the rest.

The other companies in its vision are Sunway City Bhd, Hunza Properties Bhd and Mah Sing Group, and the research house said they were still performing at average levels.

The research house said YNH had a slight advantage as it concentrated on smaller projects that could be completed in a shorter time and it did not have the burden of looking after townships.

“Since the company works on shorter time schedule, it can rationalise labour and at the same time minimise project and hence cost overruns. Margins are also better,” it said.

Inter-Pacific Research said it had a neutral recommendation on the property sector, adding that property players could experience thinner margins towards year-end.

It has a buy recommendation on YNH with a target price of RM3.18 for FY08 and for Sunway City, a target price of RM5.67 for FY09.

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_6b7a8a47-cb73c03a-18992130-d41e6668

弹煮

难怪今天ynh酱勇
原来有人点名推销。

scsiang82

同行的消息

Friday June 20, 2008
Housing sector in challenging times
By S.C. CHEAH


KUALA LUMPUR: The housing and construction industry will soon be facing a “crisis” if oil prices and the current inflationary trend continue to soar unchecked, warns Real Estate & Housing Developers’ Association (Rehda) vice-president Datuk F.D. Iskandar.

Iskandar, who is also Glomac Bhd group managing director, said construction costs had increased by more than 30% recently and many projects might be postponed or halted.

“How long can developers hold on as they would eventually have to pass on the higher costs to the consumers. Prices of houses will definitely go up before year-end,” he told StarBiz.

Iskandar said Rehda’s 1,000-plus members were experiencing “very challenging” times and many of them were withholding the tendering of new contracts until prices stabilised.

Contractors, he observed, were also not keen to take on new projects as they too were adopting a “wait-and-see” attitude.

In fact, some of the construction firms were only too happy to get out of an existing contract, as they did not want to be caught by the spiralling prices of raw materials since there was currently no cost fluctuation clause in their contracts.


Datuk F.D. Iskandar

“They (contractors) are crying out to the developers to revise their contract prices. As many smaller developers cannot revise the prices, the contractors will just walk off while others will not even take part in the tendering of new projects,” he said.

Projects might be stalled, contractors go broke and the market for houses priced at RM300,000 and below would be the hardest hit, he warned.

With shrinking disposal income, many potential house buyers, particularly civil servants who were trying to make ends meet, might postpone their purchase.

Iskandar said unlike in the past, when only one or two items had gone up in price, now everything – from food, petrol to raw materials – was more expensive.

“If the Government does not take positive action now, it will lead to a crisis for the industry. We have to increase the purchasing power of Malaysians.

“We must also re-brand and look at our economic model as we are losing our best brains to countries like Singapore and the Middle East,” he said, adding that Glomac lost two project managers over the past six months.

Iskandar said Malaysia was “very good at starting something like the Multimedia Super Corridor” but failed to follow up and later got beaten by other countries.

Malaysia should also strive to be an Islamic financing hub, he said.

On the Malaysia My Second Home programme, he felt it should not be placed under the Tourism Ministry but directly under the Prime Minister’s Department, as this would make it easier to manage things.

“Malaysia is a beautiful country, is politically stable and our things are cheap. We do not have any natural disasters and our workforce is one of the best. However, we have not done enough to sell Malaysia properly,” he said, adding that the country also needed more foreign investments.

On the “phenomenal” increase in property prices in the Kuala Lumpur City Centre development area, he said the current prices of high-end condominiums of RM1,500 to RM2,000 per sq ft were still relatively cheap compared with other countries.

Iskandar said Glomac’s 10 ongoing projects should increase to 14 by year-end. However, with the current economic situation, it was reviewing and re-strategising its project launches. “Initially, we wanted to launch very fast, but now we want to re-look at our costs and (profit) margins,” he added.

http://biz.thestar.com.my/news/story.asp?file=/2008/6/20/business/21600818&sec=business

scsiang82

Property没戏唱了？？

Monday June 23, 2008
Signs of distress in the market


Property Talk: A weekly column by S.C. Cheah

HOW can you tell when the property market is softening?

There are several telltale signs like developers taking a longer time to sell their properties, delaying new launches and giving away more freebies and incentives. A weakening market will also see a decrease in rental and capital values.

There are also more subtle signs like the developer keeping a low profile, the project slowing down, the development changing hands or the developer maintaining the original selling price but reducing the built-up area.

There are also instances where the developer continues to build the houses despite very slow sales but this situation is masked as “build then sell”. Some developers might earlier claim they have sold most of their units but later said they have taken back the units and selling en bloc as prices have escalated.

These ominous “signs” have mostly surfaced.

Of late the property development industry is feeling the jitters as crude oil prices continue to soar. The industry is grappling with increased cost of doing business, rising price of building materials, inflationary trends in cost of living, global economic uncertainties, rigid policies for developers and a softening market.

Property developers are also faced with eroded profit margins, higher construction costs, intense competition, and fear that rising inflation was affecting buyers' sentiment and affordability.

To make things worse, they are burdened with what Real Estate and Housing Developers' Association (Rehda) president Datuk Ng Seing Liong described as “onerous contributions and social obligations”.

Although he did not elaborate when speaking at the official opening of Mapex 2008 in Kuala Lumpur last week, it is clear what he meant: developers having to provide all sorts of amenities from building police stations, community halls to flyovers.

Many developers have argued that even in the best of times, these “social obligations” were “eating” into their profits, what more in the current tough market condition.

If the inflationary pressures continue, Ng warned that another “recession is very near!”

The Government has proposed various measures in the 2008 Budget to sustain economic growth and provide such incentives as 50% waiver of stamp duty for purchase of one house costing not more than RM250,000 from Sept 8, 2007 until Dec 31, 2010; exemption of real property gains tax; allowing monthly withdrawal of EPF contributions for housing purposes and a RM50mil fund to guarantee housing loans for buyers who do not have fixed income.

However, Rehda feels this is not enough and wants policy changes.

A “thorn” in their flesh is the bumiputra quota in which Rehda wants the release procedures to be standardised to reflect a more transparent and structured release mechanism.

“Bumiputra quota should not exceed 30%, based on sales regardless of the units being sold to bumiputras were the identified lots or not. Bumiputra discount should be capped at 5% and only applicable for houses priced at RM250,000 and below, excluding low-cost and low-medium cost houses,” said Ng.

Ng said it was unfair for someone who could afford a multi-million ringgit property to enjoy a bumiputra discount that differed from state to state (7% discount for Selangor, 15% for Johor and 10% for other states).

Rehda, he said, also wanted the Government to take over the provision of low-cost public housing, thus freeing the private sector developers to focus more on market driven products.

The Government should also review the price of low-cost housing from the current RM42,000 to RM60,000 to mitigate increased costs.

Rehda hopes the Government would abolish its decision to charge 10% import duty on cement importers immediately. “Instead we hope the Government will impose 10% to 20% export duty on all cement and steel materials to ensure adequate supply,” he added.

Rehda vice-president Datuk FD Iskandar said it was inevitable that house prices would go up soon as construction costs had shot up by 30%.

“Prices of raw materials from steel to cement have all gone up. It will be very challenging for the property development industry. Contractors are crying out for a revision of their contract prices and they will walk off if their demands are not met. Projects will stall,” he said, adding there was also a shortage of steel and cement whose prices have risen to RM4,000 per ton and RM18 per bag respectively.

Iskandar who is also the Rehda Selangor chairman said there were construction firms who would be too glad to get out of a contract now that prices of everything had soared. They would stand to lose, as there was no price fluctuation clause to allow for an upward revision of prices. “Some of them prefer to wait until prices have stabilised,” he said.

Unless oil prices drop drastically (which many industry players do not see it likely to happen) and the inflationary trend is checked, the economy in particular the housing and construction industry will be heading for a downturn.

http://biz.thestar.com.my/news/story.asp?file=/2008/6/23/business/21567102&sec=business

弹煮

Company Name	:	HUNZA PROPERTIES BERHAD
Stock Name	:	HUNZPTY
Date Announced	:	18/06/2008

EX-date	:	04/07/2008
Entitlement date	:	08/07/2008
Entitlement time	:	05:00:00 PM
Entitlement subject	:	Interim Dividend
Entitlement description	:	A First Interim Single Tier Exempt Dividend of RM0.037 per share of RM1.00 each
Period of interest payment	:	to
Financial Year End	:	30/06/2008
Share transfer book & register of members will be	:	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	:	Bina Management (M) Sdn. Bhd. Lot 10, The Highway Centre Jalan 51/205, 46050 Petaling Jaya Selangor Darul Ehsan Tel : 03-7784 3922 Fax : 03-7784 1988
Payment date	:	22/07/2008
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	:	08/07/2008
b. Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	:
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.	:
Number of new shares/securities issued (units) (If applicable)	:
Entitlement indicator	:	RM
Entitlement in RM (RM)	:	0.037

scsiang82

檳城碩果僅存的大型計劃也可能告吹！有多一个坏消息。。。 :@ :@


談判不成，中國將撤走26億　檳第二大橋或告吹

2008年7月9日
　  
（吉隆坡8日訊）隨著中央政府擱置檳州外環公路及單軌輕快鐵2大工程后，檳城碩果僅存的大型計劃──第二檳城大橋計劃，也可能告吹！

日落洞區國會議員兼檳城首席部長的幕僚長黃泉安透露，我國與中國合資承建第二檳城大橋工程的2家公司，既馬友乃德集團旗下的馬來西亞聯合工程公司，以及中國港灣工程有限公司，如果在今年8月之前，仍無法達致任何的談判結果，中方可能會將這項計劃的資金撤走，使得這項計劃無法如期進行。

他解釋，根據他從中國當局所獲得的消息，中國港灣工程公司從去年10月起，便已開始向中國政府銀行融資8億美元（約馬幣26億），準備進行大橋工程。

不過，他指出，這2家公司卻因在多項問題上，遲遲無法達致共識，使得2家公司迄今，還未簽定合約。

黃泉安今日在國會走廊向記者指出，因為中國公司所進行8億美元融資，遲遲沒有被動用，將使該公司的利益受損。

「目前，只剩下2週便到8月，如果在未來2週內，這2家公司仍無法達致共識，中方極可能將8億美元的款額撤走，第二大橋的計劃，將也遙遙無期。」

他表示，第二大橋的計劃，是由馬友乃德及中國政府的子公司合資進行，其中馬友乃德將持有49%的股份，而中國公司持有51%的股份。

中國至少持70%股份

「據瞭解，為了第二大橋計劃，中方已經放寬條件，因為一向來，中國與其他國家公司的合作計劃，中國至少會持有70%的股份。」

他表示，由于這項計劃是一項大馬與中國政府合作的計劃，州政府在這方面，無可奈何。

與此同時，黃泉安表示，馬友乃德不應該在沒有知會檳城州政府的情況下，擅自宣佈收取2億8500萬令吉的發展費，使第二大橋的成本，從原本的43億令吉，增加至45億8000萬令吉。

「這讓我們非常不高興的，他們避開州政府，做出令我們吃驚的宣佈。」

他說，馬友乃德在3週前，還與檳政府對話，告知工程的成本是43億令吉。「但是在上週，該公司再次到檳州，卻避開檳政府，擅自向媒體宣佈，有關工程的成本已提高至45億8000萬令吉。」

他指出，2家公司在的談判，遲遲沒有結果的其中一項原因，便是因為針對大橋的成本問題，僵持不下。

黃泉安也質疑這項工程，沒有進行公開招標的方式，以決定這座大橋的過路費。

他估計，如果政府採取公開招標的方式，這座大橋在未來40年，至少可以為政府省下180億令吉的費用。

http://www2.orientaldaily.com.my/press.php?TASK=news&TYPE=GEN&NEWS=28E70nyG09yb87pW01jN7sS90y329II5

tksdie

这汇华股也不升还反跌了

scsiang82

建議萬元補助首次購屋者　REHDA盼預算案減印花稅

2008年8月20日
　  
（吉隆坡19日訊）大馬房地產發展商會（REHDA）希望政府能在即將來臨的2009年財政預算案中，進一步下調印花稅，以及建議給予首次購屋者高達1萬令吉的一次性補助。

房地產發展商會副主席拿督任廣財指出，目前首次購屋(價值1萬令吉)，印花稅為1%，但是該會希望政府能將印花稅調低至0.5%，及交易值提高至3萬令吉。

「除此之外，我們也希望符合條件的首次購屋者，獲得政府給予1萬令吉的一次性補助，以便鼓勵更多人購買房屋。」

任廣財補充，澳洲曾在經濟不景氣時，成功採用有關的方案。該會也希望價值25萬令吉，或以下的購屋者，能獲免繳付印花稅。

他是在產業領域更新會報會上，向記者發表談話。

同時，任廣財透露，房地產發展商會列出一系列的財政預算案願望單，包括廉價房屋由政府執行、給予房產信託更多稅務津貼，以便吸引更多投資者、25萬令吉或以下的房屋借貸利息可扣稅、廉價房屋的頂價，從每單位4萬2000令吉，調高至6萬令吉，而巴生谷的價格，則為每單位7萬5000令吉。

「我們建議廢除洋灰的進口稅，但是對於出口稅，應徵收15%至20%的稅務。另外，我們建議政府重新修正或調整土著固打制政策。」

他進一步指出，土著固打制不應該超過30%，以便協助貧窮人士。有關的固打制應該標準化、結構化以及透明化。

另外，任廣財也表示，給予土著的未銷售單位，應該自動開放於公開市場。給予土著的折扣必須為5%，而且只限於價值25萬令吉或以下的房屋。但是，中低成本的房屋應免於土著折扣。

http://www2.orientaldaily.com.my/press.php?TASK=news&TYPE=LBZ&NEWS=28C20kT80TCz8Oy805m18CcR2Ufj0Z31

scsiang82

大老板最近一直在买进warrant。。

scsiang82

REHDA調查：60%業者對下半年展望悲觀　發展商看淡產業領域

2008年8月20日
　  
（吉隆坡19日訊）馬來西亞房地產發展商會（REHDA）的調查報告顯示，多達60%的受訪發展商，對2008年下半年的產業領域展望表現悲觀，而僅有15%持樂觀看法，其餘的25%則維持中立。

在上一次的調查中，僅有15%發展商對08年上半年展望持悲觀看法。

儘管業者紛紛看淡大馬產業領域，但房地產發展商會副主席拿督任廣財認為，產業市場會在6至9個月內復甦。

料6至9個月復甦

他表示，衝擊產業市場的主要原因是經濟前景不明朗。

「供需方面並沒有問題，成本的提升減低了人們的信心。一旦人們開始接受燃油、鋼鐵和洋灰等的成本上揚，那麼，就有能力計劃他們的生活，這些都是價格震盪所引發的。我希望2009年經濟局勢會更加明朗化。」

他補充，次級房貸並沒有影響我國，大馬的市場還有許多貨幣供應量，因此這不是一個課題。

房地產發展商會對其會員做出的最新調查，這些包括了房屋及產業發展公司，在1013名會員中，共有135位會員參與有關的調查。

24%的受訪者表示，2008年次季的銷售表現比上季糟糕，但26%的受訪者表示情況一樣，其餘的13%表示，次季的銷售表現好轉。

調查顯示，三大影響銷售量表現的主因為經濟狀況、可支配收入，以及房屋價格。調查顯示，政治因素的不穩定，在產業銷售表現上影響不大，只有14%的受訪者認為，政治是影響銷售量的原因。

只有2%至6%的受訪者表示，以上三大影響因素的影響微小。

購屋者採觀望態度

任廣財透露，建築材料和燃油的成本上漲，對購屋者、生產量、公司營運、借貸及融資都帶來影響。

70%的受訪者表示，購屋者採取觀望的態度，在購屋決定上態度謹慎。幾乎97%的受訪者被燃油價格暴漲影響，大多數公司（52%）表示，會採取減低成本行動。

55%的受訪者表示，購屋者在借貸方面遇上困境，金融機構給予的理由如：經濟前景的不穩定、可支配收入減少、銀行更加嚴格的審核等。

發展商在融資方面問題不大，僅有18%的受訪者表示，在融資進行工程時，面對問題。

建築成本的上漲，令67%的受訪者透露，承包商要求重新調整成本。另外的50%受訪者表示預計工程會放緩，但是仍然有能力在規定的期限內完成工程。

與2007年下半年相比，所有類型產業的推出，都在08年下半年減少。

雖然目前市場充滿挑戰，但是未銷售房屋有明顯的下滑現象。2008年上半年的未銷售單位為2251間，與2007年上半年的8064間相比，明顯下滑。

http://www2.orientaldaily.com.my/press.php?TASK=news&TYPE=LBZ&NEWS=2IfQ01T7096I84Pc0sAL8XZy2wui017g

scsiang82

Financial Results

Reference No CM-080820-46CC5

Company Name	:	HUNZA PROPERTIES BERHAD
Stock Name	:	HUNZPTY
Date Announced	:	20/08/2008

Financial Year End	:	30/06/2008
Quarter	:	4
Quarterly report for the financial period ended	:	30/06/2008
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

Remark:

SUMMARY OF KEY FINANCIAL INFORMATION

30/06/2008

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2008	30/06/2007	30/06/2008	30/06/2007
		RM'000	RM'000	RM'000	RM'000
1	Revenue	53,275	66,433	245,135	186,734
2	Profit/(loss) before tax	14,868	21,876	68,342	57,501
3	Profit/(loss) for the period	10,178	16,659	49,069	42,269
4	Profit/(loss) attributable to ordinary equity holders of the parent	10,130	15,940	48,432	39,244
5	Basic earnings/(loss) per share (sen)	6.88	13.60	34.53	33.49
6	Proposed/Declared dividend per share (sen)	5.50	7.50	9.20	12.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent (RM)	2.1000		1.8900

Note: For full text of the above announcement, please access Bursa Malaysia website at www.bursamalaysia.com

scsiang82

OSK Investment Research
August 21, 2008


Slightly Above Expectation
Hunzapty’s FY08 turnover and net profit grew at a strong 31.3% and 23.4% y-o-y respectively while net earnings came in 7.2% above our expectation. Going forward, despite its strong unbilled sales of RM267.4m, the weakening high-end condos market on the Penang Island will continue to weigh down earnings growth momentum in the immediate term, as partially reflected in its 2nd consecutive uninspiring q-o-q performance since 3Q08. Our 12-month target price of RM2.49 by end-08 is an 11.1% premium to its CY08 NTA of RM2.24 but an approximate 43.9% discount to FD-RNAV of RM4.42.

Projects update. Hunzapty is sitting on strong unbilled sales of RM267.4m (1.1x of FY08 turnover). These projects include: (i) the Alila development in Tanjung Bungah, which has a take-up rate of 91% (vs 89% in 3Q08); (ii) the RM153m semi-Ds and RM47m bungalows in Mutiara Seputeh, KL achieved a take-up rate of 97% (vs 86% in 3Q08) and 15.0% (unchanged from 3Q08) respectively; (iii) RM380m Phase 1 of Gurney Paragon (Penang) comprising service condos had a take-up rate of 50% (vs 3Q08 48%); and (iv) Infiniti Seafront (Penang) comprising 119 units of luxurious condos worth a GDV of RM240m, achieved an estimated take-up rate of 54% (vs 3Q08 52%).

Weakening demand in Penang. The take-up rates for most of its projects improved moderately q-o-q in 4Q08 for the second consecutive uninspiring quarter, a sign of the weakening demand for high-end condos on the Island. This, in fact, was not peculiar to Hunzapty. Figure 2 shows that demand for condos on Penang Island had been tapering off since 4QCY07 amid the increasingly negative global economic outlook as more and more potential buyers prefer to wait and see and stay on the sidelines. Although there were some encouraging buying activities in 2QCY08, we do not think this is sustainable and see more uninspiring take-up rates for the remainder of the year. Going forward, although Hunzapty will continue to register commendable earnings growth on the back of strong unbilled sales, we suspect that this momentum will lose steam as we head into 2009.

TP RM2.49 may fall short. The prospects of more delays in the implementation of mega infrastructure projects and the recent scrapping of the Penang Monorail and Penang Outer Ring Road projects may result in underperformance of the island’s real estate sector vis-à-vis other states; hence the investment community may be tempted to give an even more generous risk premium to its valuation. Coupled with the Illiquidity nature of the stock, this may further imply that our TP of RM2.49 may not necessarily be achieved by end-08.

弹煮

很悲壮的业绩

scsiang82

Hunza: Cut low-cost housing quota to 15pc
By Marina Emmanuel Published: 2008/08/21


A REVIEW by the government of the 30 per cent low-cost housing quota imposed on private property developers under Budget 2009 will spur property players to bring down prices of other units being developed.

Hunza Properties Bhd chairman Datuk Khor Teng Tong proposed that the quota be reduced to 15 per cent as this will help the property industry cushion the impact of the current softening of the sector, which is expected to continue into 2009.

"The 30 per cent quota imposed currently is not helping consumers since developers are merely transferring the cost in building other properties to them.

"But by being made to subsidise less, we can then transfer the cost-savings to our buyers," he told a media briefing in Penang yesterday after announcing Hunza's financial results for the year ended June 30 2008.

Khor, who is also the International Real Estate Federation (FIABCI) Penang branch president, said the property cycle is on a downward trend.

"Factors such as price increase of building materials and the current local political environment are impacting negatively on the industry," he added, saying that the downward trend in the property industry is expected to continue into next year.

Reviewing the stamp duty to lower costs of home ownership is also on Khor's wish list for Budget 2009.

"This move will encourage house purchase and property investment among the general public," he added.

Other measures which can assist property players would be to control the prices of steel and cement, Khor said.

Meanwhile, construction of the RM700 million 'Gurney Paragon' project in Pulau Tikus is progressing according to schedule although the company has taken cost-cutting measures to face uncertain times.

"By taking on the role of main contractor for future phases of the project, we are looking at savings of between six per cent and 10 per cent in margins," Khor said.

He said Gurney Paragon and the 'Infinity' project in Tanjung Bungah are targeted at foreign purchasers.

"Prices of Malaysian properties in the global market are still competitive and the government can help Malaysian property players who market their projects overseas by giving tax incentives for overseas property promotion efforts," Khor said.

"Hunza has not experienced any significant margin compression as our products remain in demand and we have adjusted prices to cover the increase in cost," he added.

http://www.btimes.com.my/Current_News/BTIMES/Thursday/Nation/hnz.xml/Article/