Pelaburan Hartanah buying 20-storey office building in Bangsar from UOA Devt

Pelaburan Hartanah Bhd (PHB) will acquire a 20-storey office building known as Tower 3, Avenue 7 in Bangsar South City here, from Paramount Properties Sdn Bhd.

PHB said on Thursday the acquisition served as part of the group's continuous efforts to promote Bumiputera beneficial ownership of prime commercial real estates in major cities.

Managing Director and Chief Executive Officer Datuk Kamalul Arifin Othman was quoted in the statement as saying the purchase demonstrated its focus on high quality, growth oriented commercial property investments.

"We believe that it will be an important and valuable asset to provide continuous and stable rental income to benefit our Amanah Hartanah Bumiputera investors," he added.

With the acquisition of PHB's ninth completed property, the group's total value of completed assets is RM1.8 billion.

To date, PHB's ownership of other completed properties includes, Menara Bumiputra-Commerce at Jalan Raja Laut, CP Tower in Petaling Jaya, Wisma Consplant in Subang Jaya, Peremba Square in Shah Alam and Tesco Setia Alam in Shah Alam

Pelaburan Hartanah buys Jaya 33, has assets worth RM1.8bil

Pelaburan Hartanah Bhd (PHB) has purchased what may be its 10th completed property at commercial development Jaya33, in Section 13 here, bringing its total value of completed assets to more than RM1.8bil, sources said.

Jaya33 may be its second acquisition this year after Tower 3, Avenue 7 at Bangsar South.

PHB purchased Jaya33 from Jaya33 Sdn Bhd, the original developer of the commercial development, for RM324mil, or about RM725 per sq ft, giving it an annual net yield of 6.2%, a source said. The sale was completed yesterday.

A spokesperson at Jaya33 Sdn Bhd confirmed the sale while PHB indicated that Jaya33 now belonged to the real estate investment holding company.

PHB’s ownership of other completed properties include Menara Bumiputra-Commerce at Jalan Raja Laut, CP Tower here, Wisma Consplant in Subang Jaya, Peremba Square in Shah Alam, Tesco Setia Alam in Shah Alam, Menara Prisma in Putrajaya, Logistics Warehouse in Shah Alam and DEMC Specialist Hospital in Shah Alam.

PHB is a real estate investment holding company and a subsidiary of Yayasan Amanah Hartanah Bumiputera. Its goal is to enable long-term growth through managing, investing in and expanding its core businesses in the prime commercial real estate investment sector. Yayasan Amanah Hartanah Bhd is a fixed-price syariah-compliant real estate backed unit trust fund which enables bumiputra investors to participate in the beneficial ownership of real estate assets with a minimum entry investment of RM500.

The name also have "bumiputera" at the end, so you automatically know it for Bumi only.

Second Income Distribution Of 3.25 Sen A Unit For AHB

Pelaburan Hartanah Bhd (PHB) and Maybank Asset Management Sdn Bhd today announced a second income distribution of 3.25 sen a unit for Amanah Hartanah Bumiputera (AHB) for the six-month period ended Sept 30, 2013.

This gives a total income distribution of 6.5 sen a unit for 2013.

The fund had also announced a special bonus of one sen per unit for its unitholders who had started investing since AHB's inception in 2010, totaling their income distribution to 7.5 sen a unit, payable on Oct 18.

PHB Managing Director and Chief Executive Officer Datuk Kamalul Arifin Othman also announced that the AHB fund size has been increased from 1.5 billion units to two billion units.

"The increased AHB fund size is supported by new injections of beneficial ownership of several newly acquired assets, namely, Menara BT at Bangsar South, Menara SapuraKencana at Solaris Dutamas and a shopping and office complex known as Jaya 33 in Petaling Jaya, as well as Block C of Peremba Square in Shah Alam.

"These deals are expected to be completed by year-end, which would increase our landbank to close to 404.69 hectares (1,000 acres) from the current 80.94 hectares (200 acres)," he told a press conference after the income distribution announcement here Thursday.

Post-completion of the Block C, PHB would then own the entire Peremba Square, having previously purchased Block A, B, D, E, F and G. Its completed assets currently hold a value of approximately RM2.4 billion.

Kamalul said the company, which has a niche focus in the property business, would continue exploring the local market for potential acquisitions, and is looking for deals in the Iskandar region.

Meanwhile, Maybank Asset Management Chief Executive Officer Nor' Azamin Saleh expects the additional units of the fund to be fully taken up in five months, given greater awareness on the fund's benefits among investors and consistent income distributions.

"The last time we launched extra units for the fund was in October last year, and it was fully-subscribed in February this year. Given this track record, we expect these additional units to be fully-subscribed within that period as well," he said.

Since AHB's inception in 2010, it has made a total of six consistent income distributions that have amounted to RM202.7 million to investors.

It's way better than FD rate

AHB are fixed price or variable price?

any website to see the price?

Thanks

I think what he mean was, the money invested in AHB are from his EPF account, thus yearly dividend back to EPF account.

read his statement. 1 acc for OWN deposit, another one EPF withdrawal

main point, need 2 acc

This post has been edited by davinz18: Nov 15 2013, 03:05 PM

use the dividend money credited to your bank account & manually reinvest back to AHB. Now I think got additional fund increase, if not mistaken 500mil units available. u can try now

yup, min 100 units for cash transaction
(up to maximum of combined limit 400,000 units per unit holder)

Pelaburan Hartanah announces 3.3 sen income distribution for AHB fund

Pelaburan Hartanah Bhd (PHB) and Maybank Asset Management Sdn Bhd (Maybank AM) have declared a 3.30 sen interim income distribution per unit for Amanah Hartanah Bumiputera (AHB) Unit Trust Fund for the six months ended March 31, 2014.

Maybank AM chief executive officer Badrul Hisyam Abu Bakar said the income distribution involved a payout of about RM54.3 mil.

“Since inception, the fund has made a total of seven consistent income distributions to investors that have amounted to RM257mil.

“We are pleased with the overwhelming response to AHB thus far and the Fund continues to receive enquiries at Maybank branches nationwide despite being fully subscribed,” he said in a statement.

AHB got bonus like ASB?

Maybank Asset Management CEO said fund already sold out, now u said got balance rm 4mil still available. People withdraw their money & invest in ASB2?