is it true hotel stay n 0% 12months instalment plan only applicable for maybank platinum card holder?

not wrong....this is supposed to be given when u buy 1/2acre or more...

hi all, im one of the grower consultant in Kuantan those who interested also can contact me at 0129668830, can meet up if ur in ktn as well

Hi ethanfoo, what is your field as a grower consultant in Kuantan, as I need advise on a for-sale 250 acres plot of 4-5 year old trees Oil Palm Plantation near Cukai, and the trees and fruits are not in perfect condition.  I was told that palm trees do not grow well along the coastline.  I was advise not to purchase. Please, if you could advise. Can adding special fertilizers help to improve the conditions? THANKS. By the way, the asking price per acre is about RM30,000.00 leasehold.

greenland,
If I am not mistaken, he is only an AGENT (marketing person) for this CHGS scheme, not a certified oil palm industry consultant.
You need to get in touch with those that are IN the business themselves, and not those that markets an oil palm investment plan.

Oh...thanks Jordy, in that case, is anyone out there can help out to my enquiries???

I juz want to share my understanding about oil palm. Oil palm does profitable during these years
Last year around JUNe 2007, I have made an investigation on OIL palm profit. Approximate can achieve 20k untung bersih a month for a land of 20acre. I'm calculated the cost and so on, But this is an approximate value.

Price of oil palm should be increasing gradually over the year, unless there is something that can be replaced oil palm like the case getah asli replaced by getah tak asli.

Oil palm have a life of 25years life span. First 4 years should be no income, since the tree still small. But when the time goes by, the older the oil palm tree, the oil palm will have much more higher quality, so as money value.

I have been notice this investment since a while of time. It should be profitable, and it SOUNDS guarantee. The main thing u need to concern is there is no any under table thing happen in this company management.

For my opinion, they provide a good investment scheme. But i have an opinion that, they need more capital at the starting to plant oil palm. since the anak pokok oil palm and land is expensive nowadays. The maintainance fee and baja is very expensive nowadays.

Update: iProperty fair or something at Mid Valley 24-27 July 2008. CHGS is there selling at RM8,000/plot now.
4 plots = 1 acre.

Thanks, might visit the fair for one question - what is to the investment if the project becomes insolvent? Need an answer from the sales' persons.

Have a nice weekend.

It is highly unlikely it will become insolvent as it is a profitable business for palm oil.

The main issue is illiquidity of the investment, in the case one wants to sell, one have to find the buyer on his/her own for the plot bought. Management company hold no obligation on it (although they might help) to buy over from you nor obligation to find the buyer for you.

So if invest in this scheme, it is best interest to prepare to hold until it expired (23 years), in between want to sell, then have to find the buyer.

Right now, if what cute_boboi said is true regarding the selling price now (RM8,000), assuming I bought it when the price was RM5,500, I could sell the land for RM7,500 per plot. That should be one of the ways to exit with some profit (36%) in less than a year. I think the agent told me that we could either choose to look for the buyers ourselves, or they can help us to look for buyers with a little fee. So that is feasible

No doubt it is feasible, especially CPO can chalk up good profit, and the plot price being raised by the management company, then it should have no problem to find potential buyer.

But take it this way, when it is going up time (because of CPO good profit) then a lot of people will be lured into it or interested to own it, so problem just little only.
But when it is going down time, it can be very illiquid when people not interested, you know lah, it is almost identical to stock market, going down time, nobody want to buy even at lower price. So finding a buyer at that particular time period can be very difficult. As those plot is not like listed shares where you can trade, those plot you have to find your own buyer in the street, so if one really need to dispose for the cash, then it can be quite hard. It is more illiquid compared having a property.

Don't get me wrong, not saying it is not good, just remind about the liquidity part and make sure people aware of it.

Right now, if what cute_boboi said is true regarding the selling price now (RM8,000), assuming I bought it when the price was RM5,500, I could sell the land for RM7,500 per plot. That should be one of the ways to exit with some profit (36%) in less than a year. I think the agent told me that we could either choose to look for the buyers ourselves, or they can help us to look for buyers with a little fee. So that is feasible

I heard if those RM5500 wants to withdraw, CHGS will purchase back at RM5500 from you. But they will resell at RM8000. I'm not sure how valid it is, just rumour I heard. Did you sell at RM5500 or RM8000 ?

Also heard rumour it will go up to RM10k per plot. I'm not trying to spread rumour or fake price increase, but just sharing what I heard. I'm not involved or related with CHGS at all or any of their companies.

I'm interested on palm oil itself, and gathering/learning also.