It seems like EW do have infra development for the Ijok project (an interchange to LATAR), but the beneficial seems not EG, but more for Business Park and Laman Indah.


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Along these 3 years, EcoWorld seems like more focusing on expansion rather than development.

There have numerous launching within these 3 years on almost all the land banks they acquire, except only one or two plot of lands such as EcoForest in Beranang, which is still don't have any first phase launching yet.

I would said currently EcoWorld already "exhausted" on the land bank for first phase sales.

The sales recorded of course are expected to be promising because all these launching are the first phase of their land bank, which usually can achieve the greatest sales. However, in the next phase of launching, sales will progressively become slower and tougher..

For sustainable sales on their subsequent launching, they need a flagship township that they can be proud of which essential in retaining the confidence of the consumer to continuously purchasing their subsequent launching on the same land bank, which normally shall be more expensive and harder for sales, especially during current market sentiment.

Township won't grow only with beautiful parks/landscape and aggressive marketing. Township growth need the developer to spend money to bring in all sorts of amenities during the initial stage. I really hope in the following years, EW shall be more focusing on the township development rather expansion.

This post has been edited by samkps: Sep 24 2016, 12:31 PM

Practically, EW won't face great problem in cash flow as they have great partners including EPF on their projects. The challenging part would be how to maintain the sales momentum for their products on the subsequent launches in the same land bank.

EW should understand that all the sales they achieve today mainly is because of their precedent effort in Setia Alam and EcoPark, as there is none EW completed project for benchmark at the moment.

The spillover effect of Setia Alam and Ecopark in maintaining the sale will start to diminish when their early launches started to get completion. Purchaser shall not use Setia Alam / Ecopark as benchmark anymore and will started to analyze the completed project for early launching if really can generate outcome they expect for.

If the expectation is not met (for both own stayer and investor) on the project launch early, it will definitely impact the sales of subsequent launches heavily, especially on the products with higher price compare to previous launch on the same piece of land. This shall affect the sales of all projects, regardless JV or solely-owned.

Sales is king for property developer, no sales no talk.

Any updated edge report for sharing?

Palmwalker gor, you cannot find unbilled sales in the 2013 financial statement is because it is not captured in the financial spreadsheet. This is because in 2013, the total sales is much larger than revenue recorded.

However, if you refer to 2015 financial statement, the sales is much lower than the revenue, and hence the revenue is the sum of total sales + unbilled sales.

How to recognize the unbilled sales to be included in the financial statement? Look at the Current Asset - Accrued Billing section. You will notice a jump if compare to previous year.






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EW is almost running out of new land bank for first phase launch, unless they purchase new land in near future. First phase launching always easier to secure sales, subsequent phase is much tougher.

It is interesting to know if EW can match their 2017 sales record as in 2016..

JV also same like buy new land ler, just the "payment" maybe not in cash and no need to settle within the short period of SPA.

EPF also provides shareholders' advances of RM367 million to EG mah...

Everything also like this ler...

Phone package, cars, food, shopping grocery, private education, or even a shampoo/toothpaste also got advertising fees to be included into the selling price..

Otherwise, how the TV station, radio and newspaper survive..

This post has been edited by samkps: Dec 13 2016, 11:56 AM

How about leasing a car under hire-purchase scheme?

Wah, like this huh....

I don't own a house, because the house under loan with the bank, if the house appreciate, I can't recognize it as profit?

Reminds me of the famous quote by Greek philosopher...

"Everything flows and nothing abides. Everything gives way and nothing stays fixed"..

Beware, dun let wifey heard this, otherwise kena kneel durian liao....

JV how you know there is no legal binding document that showing they own it legally then?

This post has been edited by samkps: Dec 13 2016, 07:02 PM

Divert too much already...

Back to the question, for JV project, how you know the developer do not "co-own" the land in legal manner? Normally the land owner shall "transfer" the land ownership to a "new" company which is "co-own" by the developer and the land owner, no?

Many insurance companies are selling the MLTA, you just contact the insurance company and pretty sure they will give you all the info needed.

MLTA is a commitment you need to pay monthly / yearly. Since you are giving money to the insurance company to "manage" for you, of course their main company (the bank) shall give you a better interest rate as exchange loh..