PNB biggest mistakes have been underestimating the contribution of TSL and his key staff in developing what SP Setia is today.

A strength of a Property Developer lies not just in its Land Banks but the brains behind what to do with the Land Banks.

Don't believe, ask SHC, they are still kicking themselves for selling the huge plot of Land that transformed SP Setia.

So, PNB thinks, hey I got the Land - you can Garpu Off.

But they underestimated TSL - I can buy 1,000 acres just next to your Development.

Current acting CEO of SP Setia, just a matter of time before he leaves to join TSL.

PNB screwed up big time here and still clueless as to what to do with SP Setia or their current Property. Just BAU

As at 2013, SP Setia has about 1,500 staff

http://mystarjob.com/articles/story.aspx?f...job_careerguide

250 / 1500 = 16.7%, is quite a lot actually.

Don't get me wrong, I have nothing against PNB nor am I a fan of SP Setua, EcoWorld, TSL. I am a poor fag, cannot buy such premium properties.

Just that PNB handled the entire takeover of SP Setia very badly, right from the start and until now. They have no plan on what to do with their Prop Biz or SP Setia. They allow their potential biggest competitor to remain on the Board / Mgmt until his last day and until now, TSL is still Chairman of Battersea.

Hello - Wake UP Guys, He is your Prime Competitor now.

U do not takeover a company without a solid biz plan. If not for Property being a scarce resources and in high demand, such company after taken over will surely gulung tikar.

Someone mentioned, yes competitors work together for each other benefits. See how Peugeot and BMW worked together to develop the Prince Engine.

As for EW and SEH, its just like K2, TH and to a lesser extent Nadayu 92. Yes, they say, lets combine resources to fund the flyover, etc.

These projects may appear to be in some sort of symbiosis but make no mistake, they are competing for the same buyer. And its important to capture the Buyer first cos once u capture him, most buyers will not have enough money to buy from your competitor again.

I would like to see how MKH responds to TH and vice versa. Good for buyers - more options.

Fair assessment. For Property Developer, slack will start to show about 1-year and less on the ground monitoring on QC and timing.

Agree, Master Plan can change one. If u look at Original Putrajaya / Cyberjaya Master Plan, there was suppose to be a Monorail Link but look where we are now at.

Also, Master Plan does not represent Binding Contract between SEH and past or future buyers of SEH. Only SPA is the Contract, nothing else.

Don't doubt the capability of other ppl in PNB Group. My point above was solely for the Master Plan only.

My previous point is that PNB should not take over a company with no clear direction. Bad for past buyers who bought into the so-called Master Plan, etc.

Analyst speculating that PNB wants to consolidate all their Property Assets as reported in the newspaper but until today, PNB has not said anything.

It is not good for remaining staff in SP Setia. Consolidation means they will lose their jobs - will they still be so committed.

PNB already made up their mind very long ago to takeover SP Setia, why remain mum about your Grand Plans.

Why even allow TSL to stay so long, still sit on the Board. PNB wanted to kick him out long ago but instead allowed him to stay and drag down the share price for almost past 1-year.

If SP Setia can be run as BAU or autopilot, all the property sifu here can also apply to be the CEO already.

new owner must have clear vision and direction. Has PNB given you that kind of impression, this is what I as new owner want or don't want? Maybe still honeymoon period. Am also surprised Hamid Kama Piah is known to be quite ruthless.

There is a Hotel Uptown right after the Exit 1805. At the corner of the Hotel Uptown, there is a nice little restaurant that serves quite okay food and drinks.

Else, come to Metro Point for Starbucks, Old Town. There is also a Papa Rich nearby.

.

personally, if you are looking at just DSL, I would recommend you Tropicana Heights if there are still units available cos its nearer (in Kajang)

For investment, must hold > 10-yrs IMHO.

Own stay - no issue

This post has been edited by cfa28: May 15 2014, 04:47 PM

Please check with your Bank that provided the Housing Loan on this.

Also, better u go to BNM office and get your CCRIS printed out - make sure not identity theft

neotheone

Normally developer will send copy of Progress Billings to your IC Addrsss (or Mailing Address if u inform them) via Registered Mail

When Bank release Payment, they will also advice u on the amount of interest to be paid.

U could not miss 2 letters from different companies.