are there any active members from Miri, Sarawak in this thread?

Hi All,

My friend/customer wanted to sell his double story shoplot BH in Jerantut. 1.5 years old with 360 nest on first floor and ground floor guaranteed n many more in the making. He just renew his license in October 2011. I have a BH just beside his where I bought the empty shoplot 2 months ago with 420kRM.

His BH has online CCTV, cement rooftop, sprinkle water spray, well maintain. He is asking for RM1Mill.

I am thinking of buying his BH since my shoplot BH has no license n the bandaraya has stop issuing license.

What is the fair price?

How much is a 2 storey shop lot in Jerantut sell for? Let's say about 500k, which I think is already sky high for town like Jerantut, then your nest even value at 1000 each also not close to 1 mil.

And don't forget ppl value nests at 1k each because they used to sell for 4k+ per kg, now it is half the price and god knows how long it will last. If you can't get it cheap then why buy it unless you got lots of dough lying around nothing better to do with it.

This post has been edited by northface: Dec 3 2011, 01:52 PM

Then what is the fair price? The market price for an empty shop is RM420k now..

Thanks for the feedback

Let's say because of low BN price now you only value $600 per nest, 360 nest comes to $216,000. Total is 636k, since he's your friend etc you give him 50k more for renovation, work done etc.

Even then I wouldn't pay more than 700k for this shop, asking for 1mil is unrealistic, if that BH was mine and someone offer me 800k I quickly sell already. You really don't know how many months or years before nest price recover.

Furthermore seems like the whole shop is used for BH only so you have ZERO rental income, your income from this shop is from the nest you sell. 360 nest won't even get you 0.5kg every month, you do the math and see what your 'rental income' is from harvested nest.

Thank you for your valuable feedback northface. I know how to negotiate with him now. Anyhow, I need his license to safe guard my BH.

Good day

looking friends who doing bh at pengkalan ipoh areas. pls pm me. thanks

May I add that afew hundreds nests isn't a selling point to potential buyers and it only increase the value some as anything below a thousand nests isn't helping very much.

I have heard of BHs having few hundreds nests and stay stagnant for years. Best you will pay is BH plus afew hundred for each nest if you want to consider the nests. One to two thousand nests BHs are usually the big guys buy as these BH have assured potential and are not very expensive like 5 to 10K BHs.

Before it's about RM800/nest and now as the price of EBN drop so is the value of the BH.....my opinion only.

what is the current price for BN? isnt still rm2.5-rm2.8k?

Lucky you got Ben!

Who is Ben?

but i trust the EBN price should be up before the coming CNY.

Reality check, CNY is coming in 1 month's time. If there's such a huge demand we would have already seen price increase some time ago.
Mind you BN is not like vegetables you harvest them from the field and can send straight to customers. BN needs to be cleaned, packed and shipped overseas.

Therefore if the retailers see a surge in demand and the processors get orders they would have already started stocking up, not in a few weeks time. Hence my conclusion is this year's demand for BN is basically gone, can only hope for clearing up of the red nest mess next year and hopefully Chinese start consuming BN again.

u made ur point here as normally the prices should up before the CNY. However, i still optimist about the price increase. maybe a little of i cannot do anything, but if most of us can put positive think on this and i believe it will help this industry. some more many reading this blog and some decision may made based on this blog as well. Hopefully there are are others thinking in this way as little me.

Actually what's the price for this week? I cannot bear to look at the nest I have in my store....

There are only few buyers in the market as most of them are already close up shop for the festival and if you are desperate in selling, you will not get good price for the nests @ hand. Remember that there are tons of EBN ready for China market @ hand and also alot are smuggled into China thru Vietnam.

So, wanna good price, you may need to wait for some time.......selling alot now will cause the price to fall further. Here, we are the lucky ones that sold all nests at Rm3100-Rm3500 the last time the China buyers were in town but then someone from nearby town destroyed everything by selling Rm2600-Rm2800 to the China buyers and cause the price to fall backward and the buyers now focus at the other location..........now, what's the actual price, I don't know or bother to find out as we are without nests but I heard from a friend that someone in PJ offered Rm3K for quality nests but I can assured you that it will not be a good sale as the buyer will definitely be very choosy about the nests that he buys so best is to pack up the nests properly and wait for the storm to pass.

If you can't look at the nests harvested, then don't harvest the nests and let the nests lure more birds into your BH and you next harvest will be more than this time....although the nests maybe brown or double storey or more.

Some news on the EBN price to share.

Thanks for the advice sifu WW. Surprisingly I called up a friend in Pekan today he said over there corner nest can still fetch 2.5k and cup 3-3.2k as of today.

Anyways, since the price depression of BN I haven't been harvesting at all, all I do when I go into my BH is to check on the sound and other problems etc. Really hope in 2012 the price can get back to 4k. Good thing with BH is that it's very low maintenance, only pay minimal water/electricity every month, hopefully all of us can weather the storm.

He is Benchai and the one and only.

I see alot of ppl asking questions abt how do we determine how success is your bird house. To be honest, so far there isn't really a correct answer as most would simply tell you that there is no exact answer due to the vast variables. So rather than asking what is "success", y don't we all chip in our own results as a method of comparison. I assume we are all enthusiast and we keep regular records of our BH. Below are my results. With the results, atleast we can see what ppl around us are performing and then maybe compare the differences in more details....

Year Started: Dec 2010
Location: Sabah
Size: 70 x 30 x 3 storey
Type: Open roof
Results:
Month 3: 1 Nest
Month 6: 1 Nest
Month 9: 10 Nests
Year 1: 21 Nests + 4 Incomplete Nests

If you dont mind, please share the cost as well; land, building, 'consultantcy fee', etc
I think this is important to determine the cost vs gain.

For example, if I inherited a shoplot , then i dont have to pay anything except the renovation and consultancy.
Then it will tremendously reduce my initial cost.