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Ivory property listed on July in Bursa Malaysia. It has increase more than 20% since then. I think it is worth a look as it is one of the finest property stock listed in main board.

Look at its project developing http://www.ivory.com.my/

MOONLIGHT BAY (VILLA & CONDOVILLA), BATU FERRINGHI
HILLSIDE...HOMELY RETREATS

OVERVIEW

Moonlight Bay is conceived to become the ultimate retreat haven for those who seek the highest rewards in life.

All units will enjoy the security of tightly guarded fenced-in perimeter and share the generous facilities of the community clubhouse. The entire compound will be landscaped and maintained by a team of experienced professionals.

LOCATION

Batu Ferringhi, Penang.

PROJECT COMPONENT (CONDOMINIUM)

Villas

70 units of uniquely designed architecture masterpiece. The orientation of these 4-storey villas ensure every unit has the equal opportunity of the breathtaking sea view.

The gated community environment allows the gateless building design to create a unique lifestyle.

Condovilla

2 blocks of 5 storey luxury condominiums with 2 levels of basement car park are alternatives to the housing-scheme with large floor area.

FACILITIES

A clubhouse with comprehensive amenities such as water features, health facilities, green space, community hall, etc., will be available.

This luxury facility serves as an avenue for the residents to interact and enjoy their daily life.

Hill top garden with well equipped facilities like nature path, tree house, canopy walk, etc., will be a retreat for residents.

Tower links connect the clubhouse and the hill top garden. The series of linked elevators provide the residents an easy linkage between the facilities.

GDV

Approx. RM190 million

SCHEDULE

Compeletion Date - August 2010


WEBSITE

http://www.moonlightbay.com.my
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PENANG TIMES SQUARE, JALAN DATO' KERAMAT
THE PREMIER URBAN LIVING

OVERVIEW

Penang Times Square will be the first new age urban centre on Penang Island in the 21st century. It is conceived to be a contemporary of the best public squares all over the world but offering an urban experience unique to its locality.

LOCATION

Jalan Dato' Keramat, Georgetown, Penang.

DEVELOPMENT CONCEPT

iIt is based on an "urban village" in a city centre concept where it incorporates a diverse and comprehensive range of development that makes it a virtual self contained "village".

PROJECT COMPONENT

Phase 1 - Birch The Plaza


Condominium

Typical - 395 units

Duplex - 22 units

Shopping Complex

Retail Lots - 179 units


Phase 2 - Birch Regency


Condominium

Typical - 341 units

Penthouse - 18 units

Shopping Complex


Retail lots - 125 units

GDV

Approx. RM633.2 million

SCHEDULE

Phase 1 - Completion Date: 2008

Phase 2 - Scheduled to complete: 2010

Phase 3 - In the planning

Phase 4 - In the Planning


WEBSITE

Phase 2 - Birch Regency

Residential

Commercial
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10 ISLAND RESORT, BATU FERRINGHI
THE EPITOME OF LUXURY HILLSIDE LIVING IN A MODERN RESORT LIVING

OVERVIEW


Our outlook in life is inspired by our environment, a vision so important to our aspirations that is drawn from our physical environment. We hope Island Resort will inspire you as much as it has already did us.

A masterpiece of admiration with respect for the natural environment, this development is crystallized by creativity and vision, and crafted by proven expertise and skill.

Ivory Properties Group presents hillside living with a difference at Island Resort, Batu Ferringhi.

LOCATION


Located within the tourism enclave of Penang Island at Batu Ferringhi, Penang

PROJECT COMPONENT

Phase 1 - Private Recreational Club

Phase 2 - 10 Island Resort

Condominium - 266 units

Resort Villas - 15 units

Phase 3 - Bungalow

Phase 4 - 1 Island Resort


Condominium - 152 units

GDV

Approx. RM380.2 million

SCHEDULE

Phase 1 - Estimated to commence : 2009

Phase 2 - Estimated to commence : 2009

Phase 3 - Estimated to commence : 2011

Phase 4 - Estimated to commence : 2013

WEBSITE

http://www.islandresortpenang.com
-----------------------------------------------------------
THE PEAK RESIDENCES, MOUNT ERSKINE
EXTRAORDINARY HIGH RISE LIVING

LOCATION


Tanjung Tokong, a prestigious area of natural environment and appealing sea view.

DEVELOPMENT CONCEPT

IIt offers not only a new home, but a lifestyle with every amenity, amazing view and extraordinary high rise living. It is the most affordable lifestyle high end condominium at the Tanjong Tokong area. One of its exclusive features is a private garden that compliments every Garden, Executive and Penthouse suite.

PROJECT COMPONENT

Three blocks of 200 condominium units & 28 units of 2-storey commercial lots.

GDV

Approx. RM237.9 million

SCHEDULE

Estimated to commence : 2010

WEBSITE

http://www.thepeak.my
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1 ISLAND RESORT, BATU FERRINGHI
THE EPITOME OF LUXURY HILLSIDE LIVING IN A MODERN RESORT LIVING

OVERVIEW


Our outlook in life is inspired by our environment, a vision so important to our aspirations that is drawn from our physical environment. We hope Island Resort will inspire you as much as it has already did us.

A masterpiece of admiration with respect for the natural environment, this development is crystallized by creativity and vision, and crafted by proven expertise and skill.

Ivory Properties Group presents hillside living with a difference at Island Resort, Batu Ferringhi.

LOCATION


Located within the tourism enclave of Penang Island at Batu Ferringhi, Penang

PROJECT COMPONENT

Phase 1 - Private Recreational Club

Phase 2 - 10 Island Resort

Condominium - 266 units

Resort Villas - 15 units

Phase 3 - Bungalow

Phase 4 - 1 Island Resort


Condominium - 152 units

GDV

Approx. RM380.2 million

SCHEDULE

Phase 1 - Estimated to commence : 2009

Phase 2 - Estimated to commence : 2009

Phase 3 - Estimated to commence : 2011

Phase 4 - Estimated to commence : 2013

WEBSITE

http://www.islandresortpenang.com
---------------------------------------------------
CITY MALL, TANJUNG TOKONG
A TOURIST THEME DESTINATION

LOCATION

The heart of Tanjung Tokong City, at Jalan Tanjung Tokong, one of the most important primary accesses of the island.

DEVELOPMENT CONCEPT

Condominiums perched above a shopping mall and retail outlets.

Almost 300,000 sq. ft. of shopping area enhanced with tropical style interior design appealing landscape elements, giant palm trees, and water features.

Open design to unsure good ventilation and natural lighting.

A Tourist Information Center a place where tourists can rest, dine, travel, and most importantly, to get any information on Penang Island.

PROJECT COMPONENT

Shopping mall, retail outlets, tourist information center, transportation hub and condominiums.

GDV

Approx. RM269.6 million

All these on going project has a GDV of RM2091million or 2.09billion
Most of these developments are located at penang, hopefully the company will expand their development in other part of our country such as Iskandar or even overseas.

Lets look at the news when it first listed:

KUALA LUMPUR: Penang-based Ivory Properties Group Bhd, which made a strong debut on the Main Market of Bursa Malaysia yesterday, hopes to expand its operations to Kuala Lumpur in the near future, said its chairman and group chief executive officer Datuk Low Eng Hock.

“Our company’s strength lies in enhancing land value and maximising its return. We have been doing this in Penang for the past 10 years, and hopefully with the success of this listing we may secure deals with landowners in Kuala Lumpur soon,” said Low.

The company posted a 15 sen premium over its offer price of RM1. Afternoon trade resulted in a high of RM1.35 before it closed 15 sen higher at RM1.30, with 51 million stocks changing hands. Ivory is the first property developer to be listed on the Main Market this year.

Low said Ivory Properties was looking to secure joint ventures with other property developers.

“We have been in joint venture deals with companies from Kuala Lumpur to develop property in Penang for the past 10 years. We are currently in talks with several companies to develop more townships as well as commercial condominiums,” added Low.

At present, the company has completed property development projects with a total gross development value (GDV) of about RM675.63mil. It has ongoing projects with a GDV of about RM834.08mil scheduled for completion within the next few years. The company also has future projects worth RM1.9bil.

Project director Murly Manokharan said the property market outlook was good at present.

“In recent months, the property market has looked good not just in Penang but in the whole of Malaysia. We have recently participated in The Star Property Fair and sales results were better compared to the past two years. I would say the (property) market is on an uptrend,” said Manokharan.

May i know whether this stock have set percentage of return to shareholders ?

Dun think so??But Ivory has lots of GDV on hand, enough for growth for next 2-3 years

do you know why sales drop more than 50% from 1Q2010, $54m to 25m in 2Q2010?

Ivory have dropped to IPO price and still going side ways......Getting prepared to go in....Have to watch out if it can go further down. I am still bullish on this stock..

Duplicate thread....
http://forum.lowyat.net/topic/1768939/+20

thinking of getting in as well but waiting for a good time... lol

Have u get any already?
It went up to 1.05 and 1.06 mid last week but then went downwards till now :/
Is it now a good time at 1.00?

Hello Rosdi, I checked before post and I found that the one that you posted at have a later date. That means the thread that you posted at is the duplicate one not this one

Ivory is bleeding. Now the share is going to be ripe for goreng!

Ohhh I see maybe Mr Moderator can help to merge the two threads....

I am still very bullish wit Ivory. My chart is still holding well
TP: 1.24 resistance at 1.18

there are mkland, huayang, malton even tagb can be considered much better.

Ok you may be very right...
but still some still like Ivory...

That is life .. not every one like and see the same light..

Eh I thought you said TP is 1.35 in your other post why come down already or is it my wrong memory? I am getting to go in if it breach 1.04 with TP 1.30 hehehe...

Yes you are right using the Wolfe Wave target,,,
The 1.24 is using the lower Fib Ret
in any case both are still good if it can happen...just wait and see la

TP should be at least RM1.50 after calculating all developed lands in future

lol.. u r running out of defends?

ivory... is highly geared..

It look like IVORY couldn't get the support expected... I had decided to go out for good.. good luck to all

So fast lari? I prepare to go in anytime....I like it when it go sideway...

Oil N gas counters are just too hot... I don't want to waste my time here.....