Jonathan Lee leaves musical dreams to build fortunes in real estate
His failed ambition to be a professional musician leads him to a different career.
His failed ambition to be a professional musician leads him to a different career.
It is also looking to expand its business overseas, particularly in the UK.
Location, proposed MRT stations and established amenities draw homebuyers to the area.
Mah Sing’s balance sheet is very strong with a net gearing of only 0.05 times, and we expect it to stay below 0.15 times up to end-FY16.
A stable property market, tax reforms, a large supply of land for sale and a low dollar is making southern Australia a prime location for property investment, business experts say.
Numerous projects in Kepong will likely see a boost in rental demand with the MRT Sungai Buloh-Serdang-Putrajaya line due in 2022.
Out of the total land bank, 6,275 acres (or 84%) are still undeveloped with remaining GDV of RM74.96 billion (or 92% of total GDV).
Company has a market capitalisation of more than RM2.63 bil, and a strong parent in Khazanah.
Despite the price surge, Kepong is still a very affordable neighbourhood. In the 12 months to 1Q2015, some 47.8% of secondary transactions were for properties priced between RM201–RM400 psf.
A group of European rail companies — including Siemens AG (Germany), Alstom SA (France) and Spain’s Talgo SA and Construcciones y Auxiliar de Ferrocarriles SA (CAF) — is understood to have made overtures and preparing to put in a bid, industry sources tell The Edge.