I give u a like !!

Need to exercise our right when necessary!

wah so expensive. better buy sepang klia area

What is so expensive bro?

I would guess you did not buy Elvina from Matrix Concepts Holding Berhad (MCHB), most probably your S&P signed with a RM2 company(a wholly owned subsidiary of MCHB). Sadly, but there's nothing you can do but sue the RM2 company and get maximum compensation ........ RM2

Welcome to Malaysia. Malaysia Boleh.

Elvina launched Jun 2015.

USD to MYR @ Jun 2015 = 3.65 to 3.78

Current USD to MYR around 4.40+
- would it recover?
- would it drop somemore?

1) How much % of construction cost is tied to USD?
2) How much variation of construction cost did the developer catered for?
3) if MYR drop somemore, would Elvina be completed? and if completed (what about quality)?

And for units launched in 2011-2014 when USD to MYR was at 3.00 to 3.30, what happen to them?
Some are just completed, and some completing soon.
History always repeat it self.

Enlighten me.. USD to MYR rate .. What does this have to do with construction industry in Malaysia? Are we importing construction materials from US?

even not importing construction materials from US, housing developers would use the weaker MYR as excuse to increase price Welcome To BolehLand bro

I'm not an expert , that is why i'm asking the question
Most, if not all international trades are quoted in USD.

Any expert in forum can answer this?
1) How much % of construction cost is tied to USD?
or
- How much % of construction cost required imported materials

Goverment statistics is provided, but do need an expert to convert it to actual value.

http://www.cidb.gov.my/cidbv4/index.php?op...mid=331&lang=en

My experience of simple renovations works in 2014 and 2015, i've noticed prices of lotsa stuffs increased.
An increase of RM3 for a pipe faucet is not a lot for an individual house owner. But when you doing few hundred houses multiple by x No. What would the decision be? use cheaper parts or absorbed the cost?

If you need to worry about the currency on the impact of developer... They are much more criteria should consider......

- Financial status (Net cash or Net debt company, if net debt, debt in USD or RM)
- Land bank (existing land bank purchased year, if purchased year before 2010 with cheap land cost, the risk much lower)
- Unbilled sales (if high, at least no issue of short term cash flow)
- Project categories (Landed or High rise? If high rise, risk level higher)
- etc.........

For the small purchaser... sometimes can't do too much on it...
If have choice, select reputable listed companies... at least more transparent on the financial report and investor relations info.

Gambling - Wikipedia
Gambling is the wagering of money or something of material value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. Gambling thus requires three elements be present: consideration, chance and prize.

Buying an uncompleted unit with so much at risk. I would term it gambling.

"For the small purchaser... sometimes can't do too much on it... "
- even more reason for the small purchaser not to gamble their savings.

"If have choice, select reputable listed companies... at least more transparent on the financial report and investor relations info."
- and yet, the S&P is still signed with a RM2 company.

Lots of sub-sale units available in and around Seremban at 150-300k. Adding another 100-200k for renovation/furnishing/fittings and you can have a piece of mind with a fully furnished+renovated home (+ with extra $$ in pocket)

This post has been edited by ikanair: Sep 26 2015, 09:03 PM

What you said is just a common scenario, it is common that a mother company forms subsidiaries for different business or projects.

So you are right, the S&P is signed between BSS Development Sdn Bhd (689638-x), the owner, and the Menteri Besar. But are you sure that BSS Development is a RM2 company?

Be sure of your facts before you say things.

You are also pointing out something which is common and happening to the entire property development industry, not only Matrix facing problem with weak MYR.

Landed property is not that hard hit because most materials are from local, high rise buildings are the worst coz most materials are imported.

http://www.propertyguru.com.my/property-ne...m_content=links

I urge you again to get your facts right before making a statement. Are you sure BSS Development Sdn Bhd is a Rm2 company?

We can see in Matrix Concept Holdings Berhad Annual Report booklet (based on others listed companies AR booklet I see)
The paid-up capital of BSS Development Sdn Bhd sure are printed in it

That's why i asked Ika bro to check the facts first before speak.

This post has been edited by neonikson1: Sep 26 2015, 11:05 PM

since u are shareholder of Matrix concept, why don't u post that part

aiyo... tire leh, have to proof other people wrong...

Yes, that's why sub-sale still has its market. There are people who prefer to buy something that are done and be sure. Nothing wrong with that, just different approach and different risk appetite.

Just like some people like to invest in blue chip companies, some people like to invest in micro chip or even private equities. Knowing that blue chip has lesser risk but ROE is lower. It is entirely a personal preference.