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Investment Nadayu 92, Nadayu 92, anyone buying?

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Talbac
post Jul 3 2012, 10:33 AM

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[quote=DonnyB,Jul 3 2012, 10:20 AM]
[quote=Talbac,Jul 2 2012, 04:12 PM]
I agree on the spillover part on the Kajang2 township. However, lately Metro Kajang has cut down the hills that was blocking the HTC previously from Nadayu92, now the HTC is visible from the entrance of Nadayu92 already. Nevertheless, it is still further from HTC compared to Kajang2.

That is where the international school will be located
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[/quote]

gosh! can't believe metro Kajang place the international school as buffer to HTC from houses!


Added on July 3, 2012, 10:42 am[quote=Lcsx,Jul 3 2012, 06:50 AM]
Nope, only part of it has been made public. But yes the part of it has pushed prices upwards but there is much to be reflected. And even some of those made public are only gotten by people who put the effort to study the matter in detail. And some but not all of the non disclosed information can be gotten if you study the thing in really really great detail.

Example of non disclosed but can be gotten if you study the thing in really really great detail is the road infrastructure around.
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[/quote]

Surely the developers already know the future plannings and fully priced the potentials in the selling price already? Since you have already bought, mind to elaborate the details of road infrastructure around that will be the catalyst to price?

This post has been edited by Talbac: Jul 3 2012, 10:42 AM
Talbac
post Jul 5 2012, 10:10 AM

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[quote=Lcsx,Jul 3 2012, 01:58 PM]
Negotiations and planning were done during the early construction of Nadayu. So no it wasn't priced in initially but a bit in the last phases. Anyway the market has not priced this in as they don't really know about this when they buy. If they plan to sell when its up then they will benefit.

Well I am indirectly under "NCND" on various material information from various developers. But I have done by best to indicate like I have on what things are gonna be. As for this improved road connectivity.

Mysterious man indeed with insider info! Lcsx bought Kajang2 or Nadayu92?

When do you expect the price to be fully reflected knowing the future improved road connectivity? 2013 perhaps? If too far away then it will be a long wait to cash out.

This post has been edited by Talbac: Jul 5 2012, 10:11 AM
Talbac
post Jul 5 2012, 11:29 AM

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QUOTE(Lcsx @ Oct 17 2011, 04:39 PM)
I think the upside is fine but you won't be able to rent the place out. Not for decent yield anyway. For own stay kinda of investment it will be great. Coz I see the bulk of the capital appreciation taking place about 3 years time when SP Setia, Dijaya has kicked off and with Kajang 2 buildings coming up.

Further down the road about 7 to 10 years time you possibly get the MRT.

But like I said, you gotta stay there otherwise the interest commitment is gonna eat away all the potential gains.
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Reading back, I notice Lcsx had answered my question when he thinks the appreciation will take place back in Oct 2011. Lcsx thinks is 2014.
Comment: Even for own stay also need to pay interest right? - which will still eat away all the potential gains even if the owner is inside the house? Perhaps the interest goes to personal expenses accounts instead of investment expenditure (like my wife do when she buys expensive bags!)


Another thing, I think it is worth looking at the news below.

Nadayu Properties Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012
May 28 12
Nadayu Properties Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue of MYR 16,309,000 compared to MYR 125,624,000 a year ago. Negative results from operating activities were MYR 4,976,000 compared to results from operating activities of MYR 41,954,000 a year ago. Loss before tax was MYR 6,162,000 compared to profit before tax of MYR 40,803,000 a year ago. Loss and total comprehensive loss for the period attributable to owners of the company was MYR 5,033,000 or 2.19 sen per basic share compared to Profit and total comprehensive profit for the period attributable to owners of the company of MYR 30,381,000 or 13.16 sen basic per share a year ago. Net cash used in operating activities was MYR 12,872,000 compared to MYR 39,464,000 in the previous quarter. Acquisition of PPE was MYR 14,000 compared to MYR 2,592,000 in the previous quarter. The loss after tax of MYR 5.1 million in the current quarter are mainly attributable to administrative and operational expenses

Nadayu company made a big loss last year and last quarter as well. I think if want to buy Nadayu92 better buy from owner since it is very near to completion already, too risky to buy from developer when developer is losing so much money they could abandon under-con project anytime.

This post has been edited by Talbac: Jul 5 2012, 12:29 PM
Talbac
post Jul 5 2012, 03:20 PM

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QUOTE(Lcsx @ Jul 5 2012, 03:02 PM)
Actually that is absolutely not true. The reason why Nadayu "seems" to be making losses is because they adopted IFRIC 15 ahead of other competitors. For your info, almost all other developers are still retaining the "percentage completion method of revenue computation". Under IFRIC 15 you do not recognized the revenue every quarter only, until fully completed and this will be recognized on a single quarter. To put into comparison with other competitors you can refer to notes 1 of the accounts where they reported RM4.2mil profit for the quarter based on the old computation of "percentage completion method".

Balance sheet has RM27mil in cash and "Assets classified as held for sale" which is a piece of prime land for RM149mil. This is for a total of RM176mil in Cash. If you are holding that much cash and people call you risky, then I have no idea what is not risky. tongue.gif

So like I have said before, you have to do detailed studies if you really want to know the real picture. Opportunities are there when things are perceived wrongly or/and misspriced.
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Absolutely spot on by Lcsx for pointing out the use of new accounting standards for 2012. I think the company highlight this instead of putting in the notes otherwise it would give buyers a big fright!

What does Lcsx think should be the actual market price for 2, 2.5, and 3storey houses of Nadayu92 and Kajang2? I suppose 2014 is the year to realise the profit then?? $$

Surely the buyers of phase 1 can sell upon completion this year for a handsome profit? rclxms.gif

This post has been edited by Talbac: Jul 5 2012, 03:22 PM
Talbac
post Jul 6 2012, 12:25 PM

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QUOTE(JPower 1 @ Jul 5 2012, 07:59 PM)
Great appreciation

But 570k for 2s in Kajang a bit high
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You may think 570k for 2storey, or 760K for 3storey in this area is expensive, but there are enough people to support this price.

The first batch of investors of Nadayu92 and Kajang2 are going to get their keys very very soon, almost the same time. It will be interesting to see the subsale market reactions then, and the number of people to actually stay for both developments.

Amazing it's 3rd quarter of 2012 already, time flies! Almost time to reveal results of your investments! (bets?!)
Talbac
post Jul 14 2012, 09:03 AM

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QUOTE(DonnyB @ Jul 11 2012, 06:51 PM)
Sorry not Kajang 2 but Nadayu. Got a call from the SA. Indicative price 1.1million 2-storey semi-D. Cant remember the built-up but lot size 40x90 standard.
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What is the built-up of the 2-storey semi-d? 40X90 is a very good semi-d size. How's the sale response does anyone know?
Talbac
post Jul 18 2012, 11:15 AM

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QUOTE(dino10chels @ Jul 16 2012, 05:29 PM)
wow...then nadayu92 again better than kajang2...
nadayu LS 40x90 but kajang2 LS 40x80 but price same 1.1mil... rclxms.gif
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What is nadayu's built-up? Nadayu 40X90 semi-d for 1.1million is quite a good price to purchase! metro kajang still can sell ?
Talbac
post Aug 2 2012, 03:31 PM

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QUOTE(JPower 1 @ Aug 2 2012, 11:10 AM)
Earlier 3 storey is about 730K as there is 1 unit intermediate unit left at 775K (loan rejected)
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Is 730K-the early price and 775k-the current price for the same sized 3-storey unit?

Are the new superlinks converted from Semi-Ds and bangalow? So the semi-d is not on?
Talbac
post Aug 4 2012, 09:25 AM

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QUOTE(Ultraman2000 @ Aug 3 2012, 09:03 AM)
Hi, all the sifu,
I don't understand why if HTC a concern, many people still buy. So, is it really a concern? Or we just scare ourself?
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The re-sell value of property will be affected regardless of the actual effect if enough people deters themselves from buying properties near HTC. Just like houses facing T-junction, people expect substantial discount to buy properties adjacent to HTC.

Went pass the Kajang Hill road that day, the HTC feels a lot closer than before after metro kajang has chopped down the trees.
Talbac
post Aug 4 2012, 09:51 AM

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QUOTE(yankicip @ Aug 4 2012, 09:39 AM)
Wanted to ask.

For those link taman house next to small tnb . Developer seldom sell lower price despite next to small tnb room. why ah?

usually this is the last unit to sell . and subsale how many % lower compare market.?
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i think if the developer lower the price people will deter even more since the developer themselves acknowledge that it is near TNB. resell value will be affected no doubt but it will be difficult to pinpoint t a hard % discount figure.

Is it the 3-storey superlink at nadayu92 that you are looking at? What is the going price right now? 750K? Thanks



This post has been edited by Talbac: Aug 4 2012, 09:55 AM
Talbac
post Aug 5 2012, 12:27 PM

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QUOTE(Lcsx @ Aug 5 2012, 01:10 AM)
Actually there is no or almost no effect on re-sale value on property over 200m from HTC. Only if you are within 50m. For your info some of the most expensive Semi-Ds, Terraces and Bungalows are about 50-300m from HTC. I'll give you "some" PJ, Damansara Examples of such which includes Empire Damansara@ Damansara Perdana, Mutiara Damansara Terraces, Semi-Ds and Bungalows, 9 Bukit Utama,  Ara Damansara Bungalows, Damansara Lagenda & Damansara Idaman @ Tropicana area and the famous Desa Park City. There are tons more in other areas such as Bukit Jalil, Puchong, Ampang, Mont Kiara, Subang Jaya etc.

It will only put off a few minority cases which mostly so far seems to be Talbac only. Btw Talbac I didn't want to burst your bubble but I should let you know that Mutiara Villa isn't perfect either as it is 700m completely unblocked from a Telecommunications tower. (Although further, a Telco tower is much worse as it specifically transmits waves).
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Thanks for your professional insights Lcsx but we are not talking about Mutiara Villa here smile.gif

I have met people who are not adverse to buying near HTC. But even those are not adverse expect some sort of discount.

Did Lcsx buy Nadayu92's 2,2.5 or 3storey? Do you intend to stay there or for investment only?

This post has been edited by Talbac: Aug 5 2012, 12:31 PM
Talbac
post Aug 5 2012, 12:39 PM

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QUOTE(optimus28 @ Aug 5 2012, 11:02 AM)
No la dsl only..now i wish i bought 2.5 storey instead..hehe..
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I personnally think 2-storey is the best buy of all the products in nadayu92.
Talbac
post Aug 5 2012, 12:46 PM

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QUOTE(Ultraman2000 @ Aug 5 2012, 12:37 PM)
But the 2 storey also very nice lo.. Went there when nadayu 1st launch. So many ppl.. 2 days almost 90% ofhouse sold.  rclxms.gif bandar technology so happening now compare with 10 years ago.  smile.gif
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the shops and factories at bandar tech are doing much better compared to 10years ago but houses improvement is less. Taman Harmoni side still very run-down.
Talbac
post Aug 5 2012, 12:53 PM

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QUOTE(optimus28 @ Aug 5 2012, 12:48 PM)
Agree...but i think this place for alot of potential.. next to Kajang 2, Nadayu, Tropicana + the new massive developments that are planned for Semenyih..its also got quite good access to highways (SILK & LEKAS).

If got long term planning (5- 10 years) then can buy..
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Holding a 2-storey factory there, 10years ago don't have window frame at all. Now can increase rental already finally. rclxms.gif
Talbac
post Aug 5 2012, 01:34 PM

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QUOTE(Ultraman2000 @ Aug 5 2012, 01:04 PM)
Went to one of the shop in bandar technology, the shop owner uncle told me that their monthly rental increase a lot compare to 1 year ago.  Billion supermarket business also much better now. More and more ppl move in especially ppl who stay in hill park.
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the 2 rows of shops facing the main road are doing fine but the shops behind billion still a lot of them abandoned. I wonder what's the price of those shops. Last time I bought the 2-storey factory towards the Kajang Hill direction close to 100K only, now worth 500K+. However the Taman Harmoni's house price has stayed the same.
Talbac
post Aug 5 2012, 04:17 PM

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[quote=Ultraman2000,Aug 5 2012, 01:41 PM]
[quote=Talbac,Aug 5 2012, 02:34 PM]
the 2 rows of shops facing the main road are doing fine but the shops behind billion still a lot of them abandoned. I wonder what's the price of those shops. Last time I bought the 2-storey factory towards the Kajang Hill direction close to 100K only, now worth 500K+. However the Taman Harmoni's house price has stayed the same.
Talbac, u have a unit in Taman harmoni also?
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[/quote]

I have a factory there only, no house. Just didn't look good enough as investment since at that time factories, shop and house also about same price. Now there is difference.


Added on August 5, 2012, 4:21 pmthe factory already let to furniture maker, i think usually car repair shop go for shoplot not factory area.

Lcsx bought the 3-storey for 730K ?

This post has been edited by Talbac: Aug 5 2012, 04:21 PM
Talbac
post Aug 7 2012, 08:58 AM

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QUOTE(Ultraman2000 @ Aug 5 2012, 04:40 PM)
Talbac, mind to share how much is yr rental?  smile.gif

3 storey for 730k ? That is very good price wor.  3000sqft?


Added on August 5, 2012, 4:44 pm

All the corner shop facing main road rent out for restaurant. The business very good too because a lot factory worker there. If lunch time, hard to find parking. My friend rent a shop there. Not corner. She paid 3k monthly rental.  rolleyes.gif
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Not 730K, I was just asking Lcxs if he bought his 3-storey superlink at Nadayu92 for 730K. Mine is a 2-storey factory(not shop), the rental is 1000 for Ground floor, 500 for 1st floor. The return is okay consider last time bought at about 100K+. I think there are still some bargain shops/factories out there.
Talbac
post Jan 3 2013, 10:21 AM

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QUOTE(Lcsx @ Dec 19 2012, 10:13 AM)
It would be a bit silly for Kajang 2 to do that as they will make the line much longer within Kajang 2. Because one end starts at the North East side while the other is the more northern West side. If they were to extend to the South it be silly. Number 2 is, they have planned for their retention pond and low, mid cost to be on the North West section. Well, being a profit oriented developer they would want to place it on that side rather than their profitable sides.
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Could by re-locating or burying the high tension cable affect the developer's profitable sides or property price?
Talbac
post Jan 10 2013, 12:27 PM

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QUOTE(Lcsx @ Jan 8 2013, 11:16 AM)
Just some updates.

I managed to confirm the flyover is being built already. The HTC alignment in Kajang 2 will only change slightly only, won't be much. Basically don't have to bother about it.

Got some updates that Kajang 2 will have a Shopping mall, Hotel, Corporate office, entertainment areas, indoor sports area, medical centre and convention centre.

The private and international school is expected to be operational in early 2014.
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the flyover being built already? when is it going to be completed?
Talbac
post Jan 10 2013, 03:30 PM

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QUOTE(Lcsx @ Jan 10 2013, 01:43 PM)
That I dunno, I didn't find till that detailed.
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I always think the completion date is more important than starting date as delays for bridges/highways is a perpertual habit in Malaysia. Where are the works progressing now?

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