MP CORP (6548) THE AMAZING UNDERVALUED ISKANDAR PROPERTY STOCK.

Since The Launch of ISKANDAR ECONOMIC REGION In Year 2006. Both Properties & Property Share Counters of ISKANDAR Have Doubled, Tripled and Even Gone Up 4,000% in some cases like Focal Aims.

Focal Aims was traded at only 11 cents in year 2009. Last year Ecoworld took over the listing of Focal Aims at RM1.40. Within a Short space Ecoworld Share Price Shot Up To An All  Time High of RM4.94! A jump of  An Astounding 4,490% in 4 Short Years – Beating Apple & All Other Shares In The Whole Wide World!!!

However, while most counters have gone up in Spectacular Price Boom – One Particular Stock is languishing in Hot, Hot Iskandar Region. That Stock is Malaysia Pacific Corporation Bhd or MP Corp in short. As of today MP Corp (6548) is 41 Cents while its surrounding neighbours Scienetex is RM5.92 (Up from RM1.60) Ecoworld RM4.77 (Was 11 cents), Keck Seng RM7.12 (Up from RM2.60)

As Deep Value Investors (As opposed to those 90% who chase the hot stocks of the day -mostly day traders, T + 4 punters, contra players and almost all short term gamblers.) We Zero In Our Attention On This TOTALLY NEGLECTED PROPERTY LAGGARD COUNTER IN THE KLSE!

This Involves 4 Approaches To Unearth Value and Find That Hidden Gem or “Hidden Riches of Secret Places (Isaiah 45:3)”.  The 4 Approaches Are  Graham/Buffet/Lynch/Fisher

1) Benjamin Graham – The Father of Net Net Value Investing.

MP CORP PASSED THIS TEST WITH FLYING COLOURS. Price is 41 cents. NTA is a Whopping RM5.28!  A 92% Discount To NTA.  HUGE MARGIN OF SAFETY! How? Let us explain later.

2) Warren Buffet – B. Graham’s Most Successful Disciple. He Also Wrote the Last Chapter in “The Intelligent Investor by B. Graham”. Warren Buffet’s article “On THE SUPER INVESTORS” IS SUPERB. Warren likes Director/Insider Share Buy Back.

MP CORP Again Pass This Crucial Test. If The Company Owner Is Willing To Risk His Own Money by buying his Own Company Shares – he is like a General fighting in a war – himself on the Front Line of Battles. Gains or Losses he will feel keenly because he has fully exposed himself. Unless he has confidence in winning the war – why risk his own life or money?

Top Lander – The Substantial Share holder of MP Corp has been buying and buying. A positive sign indeed.

3) Peter Lynch – The Down To Earth Value Hunter.

Peter Lynch said that the common person would be the FIRST TO KNOW If A Next Star Performer Should Be Discovered – Definitely Not The Arm Chair Analyst Cocooned in His Office. He once brought his daughters to the Shopping Mall – or his daughters brought him? He said that his daughters brought him to “THE BODY SHOP”.

To Peter Lynch the phrase “BODY SHOP” sounded like some shops selling car spare parts. To his surprise “BODY SHOP” actually sells bath soap for “Bodies”. Yes. His daughters loved to take bath in these scented soaps by “BODY SHOPS”. So Peter Lynch saw its Great Potential Long Before any Arm Chair Analyst ever heard of it yet. Peter Lynch’s Magellen Fund bought and bought “THE BODY SHOP” Shares – Making Billions for his Magellen Fund – with 39% compounded Growth – beating Berkshire Hathaway hands down at only 20% to 25%.

4) Phil Fisher – The Pioneer In Scuttle Bug or Getting First Hand Information.

Ask Relevant Questions. Why? How? Where? When? Brainstorm to get to the root of the matter.To leave no stone unturned until you are completely satisfied. To The Investors There Should Be CERTAINTY. CERTITUDE IS A GREAT THING. IF YOU KNOW – THERE IS ABSOLUTELY NOTHING TO FEAR. THIS IS WHAT SEPARATES THE TRUE INVESTOR FROM THE SPECULATORS OR GAMBLERS.

That’s It - GRAHAM - BUFFET – LYNCH  &  FISCHER;

These Are The Findings Regarding MP Corp. To Invest or Not It’s Up To You. But Read Carefully These Facts:

1) MP CORP 630 ACRES FREEHOLD LAND IN  STRATEGIC LOCATION

NUSA DAMAI has 630 Acres Freehold Land. Of which 130 acres are reserved for playground. parks & other amenities. 500 Acres Are Available For Development. And about 50% Are  COMMERCIAL LANDS. Currently, 2 Chinese Companies Are In Negotiation for Joint Venture:

i) Black Sea Horizon to develope   APTEX. Patterned After Yiwu – The Whole Sale Center For All China Made Goods. For APTEX it is not only China, but India, Indonesia & All Over The World.

ii) Dong Cheng from Hong Kong. To develope LAKEHILL RESORT CITY & WISMA MPL 22 Storey in the Heart of KL’s Golden Triangle. Our Visits to LAKEHILL’S 25 ACRE CRYSTAL CLEAR LAKE, PURE CRISPY AIR  & GREEN HILLS IS INDEED A SURPRISING DISCOVERY!

Here Is The Last Huge Parcel of Unspoilt Nature.  More beautiful than Desa Park City of KL or Horizon Hill of Nusajaya. They were manmade whereas LAKEHILL IS 100% NATURAL. As they say about New Zealand  ”100% PURE EXHILARATION!”

2)THE VITAL 6 LANES NEW ACCESS HIGHWAY

For 13 Long Years The Proposed Road From Bandar Sri Alam to Taman Nusa Damai was delayed. At Long Last JRK Has Awarded The Construction of This 6 LANES WIDE GATEWAY (1.8KM RM20 Millions Project)  From Bandar Sri Alam To Taman Nusa Jaya. This Single Project WILL ADD GREAT VALUE TO TAMAN NUSA DAMAI (MP CORP)

Ms Renesial Leong, Malaysia’s Queen of Property stated that a new connecting Bridge or Highway that Create Access will Greatly Increase Property Value by 20 to 40%!

See how Permas Jaya became so booming because of EDL & The Permas Jaya Bridge. And how the Penang 2nd Bridge lead to Batu Kawan Land Boom & Tambun Indah Price Rise?

3)TRAVELING TO JB CITY CENTER A BREEZE – ONLY 18 MINUTES AWAY!

With The Completion of Coastal Highway Through EDL (Eastern Dispersal Link) & The Soon Accessible 1.8km 6 Lane Linkage It Will Only Take 18 Minutes From Taman Nusa Damai to JB CBD At Woodland Causeway!

4) Another Highway Currently Under Upgrade is The Pasir Gudang Highway From 4 Lanes To 6 Lanes. See How The Federal Highway  From KL to Klang benefitted all in KL, Bangsar, PJ, Subang, Shah Alam and Klang. So Is The Importance of Pasir Gudang Highway – Creating Access, Removing Congestion & Lifting Up Values For All!

5) The  NEW 6 LANES  HIGHWAY WILL EVENTUALLY LEAD TO SRI ALAM, PLENTONG, TAMAN ESHAN JAYA & TEBRAU AEON CITY ON THE LEFT & SCIENTEX, KOTA MASAI(ECOWORLD), KONG KONG, BANDAR PENAWAR, DESARU, SUNGAI RENGGIT & PENGERANG ON THE EAST!

It Will Only Take 10 Minutes From Nusa Damai to AEON TEBRAU CITY & IKEA By Then!

6) EVER INCREASING LAND PRICES!!

LAND PRICES IN BANDAR SRI ALAM HAS RISEN TO RM130 psf FROM RM30 psf. And ECOWORLD IS PRICING ITS LAND AT RM35 psf In KOTA MASAI.

THE AMAZING THING IS TAMAN NUSA DAMAI LAND HAS A BOOK VALUE OF ONLY RM8,50. THIS IS BASED ON YEAR 2008 VALUE. WHEN CONNECTING ROAD ACCESS IS READY BY 2015 PRICES SHOULD RE-ADJUST TO AT LEAST RM70 to RM100 psf. Let’s take RM70 as a guide.

500 Acres = 500 x 43,500, = 21,750,000 sq ft

At RM70 psf = 21,750,000 x 70  = RM1.5225 Billions!

Price Per Share  =  RM1.5225 Billions divided by 288 Million Shares  = RM5.28

So MP Corp Should Be Revalued At RM5.28 NTA.

Since There Is A Huge Discount For All Property Counters. Say 70% Discount

So RM5.28 x .3  =  RM1.58

YES!   RM1.58. THAT IS THE INTRINSIC VALUE FOR MP CORP!

7) PENGERANG OIL & GAS BOOM FACTOR.

Right Now Prices Of Lands & Properties Are On Fire In Pengerang – Even Before Official Launch of RAPID. The Spill Over Effect of Both Pengerang Oil & Gas Boom & Tanjung Langsat Will Cause Land To Spiral Upward.

LATEST UPDATE: 5TH APRIL, 2014

PETRONAS HAS OFFICIALLY APPROVED RAPID FOR A RM190 BILLIONS MAMMOTH PROJECT IN PENGERANG. 70,000 WORKERS ARE EXPECTED TO BE EMPLOYED HERE.  NO WHERE ON PLANET EARTH TODAY HAS  SUCH A MASSIVE ENTERPRISE LIKE THIS! 

8) 15  UNIVERSITIES, INTERNATIONAL SCHOOLS & INSTITUTIONS OF HIGHER LEARNING  LESS THAN 3 MINUTES AWAY. Bandar Sri Alam Is Known As “THE CITY OF KNOWLEDGE” - A Total of 15 Educational Institutions  With 20,000 Thousand Professors, Teachers, Lecturers & Students Will Be Here. Nusa Damai is only 3 Minutes Away.

9) Both Ecoworld & Mah Sing Are Building High End Homes in Kota Masai & Bandar Bistari. All cheap low costs quota have been met.  For EcoWorld Single Storey Cluster Starts from RM380K & Shop Houses Are Going As High As RM820K.

 Note: Latest Update on 6th April, 2014 – Due To Overwhelming Response EcoWorld Has Raised The 2 Storey Shophouse price from RM820K to RM870,000 for an intermediate unit! This is indeed a Big Surprise to many

And In Bandar Sri Alam The 3 Shop Houses Have Shot Up In Price To RM1.6 Millions From a mere RM750K in just one Year!

Noteworthy Note: 50% of NUSA DAMAI 500 ACRES ARE COMMERCIAL LANDS. HEREIN LIES IMMENSE VALUE OVERLOOKED BY THE FICKLE MARKET!!!

10) MILLIONAIRES’ ENCLAVE IN BANDAR SRI ALAM

 ONLY NEXT DOOR TO NUSA DAMAI – BEGINNING OF A HIGH END HIGH CLASS BUNGALOWS’ ENCLAVE!! – ONLY TWO MINUTES AWAY

Bandar Sri Alam’s  Maya Heights Phase 2 Will Cross RM400K. BUT THE VERY HIGH END ONES ARE LOCATED NEAR THE CONNECTING HIGHWAY NOW BEING CONSTRUCTED. The Price Tag For Semi Dees & Bungalows? A WHOPPING STARTING PRICE OF RM1.6 MILLIONS TO RM3 MILLIONS!!

Noteworthy Notes:

UM LAND’S BUNGALOWS ARE CARVED FROM OIL PALM PLANTATIONS WHILE LAKEHILL WITH ITS 25 ACRES CRYSTAL CLEAR LAKE IS SURROUNDED BY VIRGIN NATURE – YET UNTOUCHED BY MAN

UM LAND HAS CONFIDENTLY PRICED THESE PROPERTIES AT SAME OR EVEN HIGHER LEVEL THAN THOSE IN NUSAJAYA. AMAZING? YET THERE ARE BUYERS!!!   WHY? BECAUSE JAPANESE & KOREANS LOVE TO PLAY GOLF IN OCTVILLE CHRISTINE GOLF COURSE IN BANDAR SRI ALAM!!

AND LAKEHILL RESORT CITY IS ONLY  MINUTES FROM OCTVILLE CHRISTINE GOLF!!  LAKEHILL IS CALLED A “RESORT CITY” BEFITTING THE HIGHEST VALUE VILLAS FOR MILLIONAIRES – EVEN BILLIONAIRES – SEEING IS BELIEVING!

11. THE REVIVAL OF DESARU WITH 2 INTERNATIONAL THEME PARKS

Every Week End An Ever Increasing Number of Cars Converge in Desaru. 2 International Theme Parks Are Currently under Construction. The New Nusa Damai Highway Will Cut Short Traveling Time From JB CITY TO DESARU.

12. PM NAJIB FORESEEING THE COMING SUPER BOOM OF PENGERANG & EASTEN ISKANDAR IS PROPOSING A 3RD CONNECTING BRIDGE FROM PENGERANG TO SINGAPORE.

NOTE: THE 3RD BRIDGE LINK WILL EVENTUALLY CONNECT TO CHANGI & WORLD NUMBER ONE CHANGI INTERNATIONAL AIRPORT.

Will BLACK SEA HORIZON & DONG CHENG INVESTMENT HOLDINGS TAKE UP THE JOINT VENTURES? Most Probably!  Why?

1) COUNTRY GARDEN THE TAIKO (Big Brother) Has Successfully Launched The Biggest 9,000 Condo Units In Iskandar Water Front City. It embolden All Others From China & HK To Come To ISKANDAR.

2) With The Increasing Taxes, Levees & Restrictions in Both Hong Kong & Singapore – Property Developers Are Increasingly Looking To Cheaper Iskandar. Singapore Properties Are 5 Times More Expensive Than Iskandar & Hong Kong 10 Times More Expensive.

3) Countries Like Thailand, Cambodia, Laos, Myanmar, Indonesia, Philippines & Vietnam DO NOT PERMIT LAND TO BE SOLD TO FOREIGNERS.

Thailand, Indonesia & Philippines only allow selling of Condos ( not landed properties)

Singapore restricts buying to Leasehold lands on Sentosa Island Only & in Australia Foreigners are only restricted to buying uncompleted new houses.

SO THERE IS ACTUALLY NO OTHER OPTION BUT FOR CHINESE DEVELOPERS TO POUR MONEY INTO ISKANDAR. AND EXPECT EVEN MORE CHINESE, JAPANESE, KOREANS & EVEN THOSE FROM HONG KONG TO MIGRATE TO ISKANDAR!

In Taman Molek One Whole Block Of Condo Bought By Japanese – Outside They Show “AN ONSEN” SIGNBOARD DISPLAY.  Special Japanese Bath In Iskandar!

ISKANDAR IS REALLY THE BEST KEPT SECRET IN THE WORLD & NUSA DAMAI (MP CORP) IS THE BEST KEPT HIDDEN TREASURES IN ISKANDAR.

AND SO NOW YOU KNOW!

STOP PRESS!!

THE RISE OF A NEW 6 LANES HIGHWAY CORRIDOR FOR NUSA DAMAI (MP CORP)

In Future All Vehicular Traffic MUST PASS THROUGH NUSA DAMAI To Go To JB CITY CENTER. All peoples of Scienetex, Kota Masai (EcoWorld), Bandar Bestari (Mah Sing) Kong Kong (KSeng) Cahaya Masai, Desaru, Sg Renggit & Pengerang currently use the winding 2 lanes Old Masai Road (very slow & congested) to go to JB City.

It takes a tortuous 40 minutes. But With The Opening of the Sri Alam – Nusa Damai 6  Lanes Gateway – Traveling To JB City is Shortened to a mere 18 minutes.

THUS MAKING NUSA DAMAI THE MOST CENTRAL & DESIRABLE PLACE IN EASTERN ISKANDAR Just LIKE TAMAN PERLING IS TO NUSAJAYA.

Note: Taman Perling Is Encircled by 2 Highways: 1) The 8 LANES JB -SINGAPORE RINGROAD BESIDE PERLING MALL  2) THE DANGA – NUSAJAYA 6 LANES EXPRESSWAY.

But NUSA DAMAI IS SERVED BY 4 HIGHWAYS

1) THE 4 LANES SENAI = DESARU HIGHWAY NORTH OF IT

2) THE NEW TEBRAU (AEON) – KOTA MASAI 6 LANES EXPRESS WAY PASSING RIGHT THROUGH TAMAN NUSA DAMAI (NOW UNDER CONSTRUCTION)

3) THE PASIR GUDANG EXPRESS WAY – NOW UNDER UPGRADE FROM 4 LANES TO 6 LANES WIDE (THIS IS THE BUSIEST HIGHWAY NOW)

4) THE NEWLY  OPENED PERMAS – SENIBONG – COASTAL HIGHWAY (4 LANES)

THE LOCATION! LOCATION! LOCATION! FACTOR FOR TAMAN NUSA DAMAI WILL EVENTUALLY EMERGE SOME DAY!!

But Taman Perling Land Is Now RM170 psf While Nusa Damai (MP Corp) is Only RM8.50. So There Is Definitely A Huge Mispricing & Provide A Huge Margin of Safety For Value Investors.

EXPECT MP CORP TO OUT PERFORM ALL OTHER ISKANDAR PROPERTY SHARES FOR YEARS TO COME.

INVESTMENT MAXIM:

“Buy Land, they are not making it any more.” – Mark Twain

“The Best Thing To Buy On Earth Is Earth,” –  Successful Land Investor

“YOU DON’T WAIT TO BUY LAND. YOU BUY LAND AND WAIT.”

MP CORP IS SITTING ON A GOLD MINE- WHILE ALL SURROUNDING LANDS & PROPERTIES ARE SKY ROCKETING IN VALUES!! – NUSA DAMAI IS STILL LOCKED IN AT RM8.50 PSF – 2008 YEAR BOOK VALUE!

DON’T WAIT TO BUY MP CORP. BUY MP CORP AND WAIT.

 

Below are 2 pictures.   1) 25 Acres Pure Lake of LAKEHILL RESORT CITY   2) The New 6 Lanes Gateway to Nusa Damai now under construction by JKR. Click on the picture to enlarge. Photo taken from Nusa Damai in the Direction of Bandar Sri Alam. Taman Maya Heights of Bandar Sri Alam can be seen at the far left.

25 acres lake hill

6 lanes highway

Posted in Johor House For Sale | Leave a comment

A DAY’S TOUR IN ISKANDAR & PENGERANG OIL & GAS REGION.

Due to the hype of Pengerang Oil & Gas Boom I decided to visit Pengerang on a Fact Finding Mission. To see First hand & to feel the sentiment of the people.

My day begins on 12th of March, 2014 at 6.00a.m. Singapore Time. As I crossed the Woodland Causeway I was soon on the EDL (Eastern Dispersal Link) towards the Western Coastal Highway – then I took a turn into the Pasir Gudang Highway & proceeded to Masai Town (Now Ecoworld Territory).

As I turned into the Masai Town I noticed the sheer volume of cars moving slowly into the JB City Direction. It was a sight to behold indeed. Cars, bikes, vans and all converge on the narrow road from Taman Air Biru,  Taman Nusa Damai, Taman Cendana, Taman Pasir Putih, Taman Scientex, Taman Bukit Dahlia, Taman Cahaya Masai & Taman Kota Masai all squeeze into the 2 lanes road to join the 4 lanes Pasir Gudang Highway!

No wonder there is an urgent need to upgrade Pasir Gudang  Highway into a 6 Lane Highway. Another EXPRESS WAY  being proposed is the 6 Lanes Highway From AEON TEBRAU CITY ALL THE WAY TO KOTA MASAI.

NOTE: RIGHT NOW JKR IS BUILDING A 6 LANE WIDE CONNECTING ROAD (1.8Km) FROM BANDAR SRI ALAM TO TAMAN NUSA DAMAI. A RM20 Million Project ready by 2015. When Ready Taman Nusa Damai Will Become The Most Strategic & Valuable Place In Eastern Iskandar.

By Day Break I crossed the Beautiful & Picturesque Bridge over Senai -Desaru Highway. On both sides of the highway were Oil Palm Plantations – stretching for miles after miles.

Finally I arrived in Bandar Penawar & Desaru. Here, I had morning coffee break. It was a time to gather  some facts from the local people. There is a new found optimism here. The people told me property  prices have doubled in Desaru area but for Sungai Renggit & Pengerang house prices have Shot Up 4 Fold! And there is a constant stream of cars, lorries & long trailers passing by Desaeu to Pengerang daily. And for Weekend There Is A Surge of Tourists From Singapore & also all parts of Malaysia to Desaru.

After the short break I drove with heightened interest & curiosity in the direction of Pengerang – another  30 minutes journey! I had been to Sungai Renggit 7 years ago in year 2007. How is it now? What wil it be like after 7 years? These and many other questions raced through my mind as I got nearer and nearer Sungai Renggit Town. It was a really sleepy town, then. What is it like now?

There Is Really Nothing New  Here To Spring Any Surprise. As I approach the Sungai Renggit Rustic Town I saw the Same Old Dilapidated Wooden Houses on Both Sides of the Narrow and Dusty Roads. However, These Rickety Wooden Houses Sit On 4,800 to 5,000 sq ft Land. I wondered how much these run down Old Wooden houses on these Lands are worth.

At a Corner Coffee Shop I met the Lady Boss to make inquiry. She phoned Mr. Wong, the Local Housing Agent. Mr. Wong arrived within minutes.  And I had a time of briefing of The Tremendous Boom Time Here In The Pengerang Region.

“Those Wooden Old Houses You Saw On Both Sides Of The Road Are Leasehold With Only 30 Years Lease Remaining,” Mr. Wong Said. “And The Asking Price Is Between RM1.2 to RM1.3 Millions!,” He add further.

WOW! According to Ms Yong, Manageress of PUBLIC BANK, Taman Perling Branch, Johor – No Banks Will NOT Give Any Housing Loan For Properties Less Than 60 Years Lease Left.

“But These Buyers Paid CASH For Them – Yes! Millions In CASH DEAL!,” He replied. “You mean these Rickety, Run Down, Dilapidated Wooden Houses – Some Falling Apart are worth these prices?” I asked again in disbelief. “Yes, they are snapped up in no time once the “For Sale Sign” Is Put Up. Demand exceeds supply here,” Mr. Wong replied.

“Yes!”, the Lady Boss joined in the conversation.  And she add further, “Last year, a Wooden Shop House Was Sold For RM800,000. It is located away from the Main Road on a back lane. And it commanded such an exorbitant price. The seller should be glad for getting such a good price. But he is not happy at all. Because he said that after he sold price still race up to RM1.3 Millions right now!” “And these Old, Old Shop Houses Are Made of Wood,” you know?

“We are Baffled By These Crazy Asking Prices Now,” quipped Mr. Wong.  ”Sometimes, even we Housing Agent hear incredulous and crazy asking prices from landlords & property owners alike. We dare not even quote these unheard of asking prices to prospective buyers. They might call us mad in asking for Such Sky High Prices!” But the Surprising Thing Is People Are Actually Paying  For Them – Ridiculous Prices  - Many Paid By CASH!

These Are The Facts. 2 Story Houses Are Selling For RM700,00 & Renting For RM3,500 per month. Since Demand Exceeds Supply There Are Not Enough Rental Houses at the moment. So people are paying almost RM2,000 for a small hotel room on a monthly basis. 4 workers will cramp into a small hotel room – the Hotel is converted from a 3 story Shophouse.

And Land Prices Have Gone Up 1,000% Around Sungai Renggit to Pengerang. Mr. Wong brought me to see a 6 Acre Oil Palm Land 5 km away from Renggit Town. The 6 acres land consist of 2 titles – The One Acre Piece is Freehold While the 5 Acre Piece is Leasehold.” The asking price is RM30 psf – Cheapest Now On Offer. Anyone Interested may call me 014-6101668 (Weekday only). Others nearer Town are going for RM80 to RM90 psf. So according to Mr. Wong this is a bargain – the land will be sold out soon or the landlord might raise asking prices.

Pengerang – From A Sleepy Fishing, Farming Region To BOOM TOWN!

What Is The Cause Of This Great Transformation? Is It Real And Permanent? Well, according to Mr. Wong there will be an influx of 50,000 to 60,000 Oil & Gas Workers in Pengerang.

The Pay Structure Of These Skilled Workers Are:

1) RM3,000 to RM4,000 for General Skilled Workers

2)RM7,000 for Middle Executives.

3)RM20,000 For High Ranking Managers.

60,000 Workers With Their Families Plus Downstream Demand For Goods & Services Like New Restaurants, New Housing, New Car Repair Shops, New Hair Saloons And So On And So Forth Will Multiply The Population to 300,000 or even Half a Million Strong!

The RM60 Billion Mammoth Oil & Gas Pengerang Project & The Proposed 3rd Bridge Link to Singapore Will Propel This Up Coming Region Into Another Dynamic Zone For Iskandar

LATEST UPDATE ON 26TH MARCH 2014

THE CAPEX FOR RAPID OF PENGERANG OIL & GAS HAS BEEN REVISED UPWARD TO RM190 BILLIONS -  THIS WILL MAKE PENGERANG THE HOTTEST DEVELOPMENT REGION ON PLANET EARTH!

No wonder there is a mad scrambling for all houses, lands, plantations and other limited and precious resources here. So great is the panic buying- prices have even overtaken Bukit Indah – the current reigning champion for Mass Housing from Malaysians working in Singapore! And at this frantic speed prices might even rise to match Horizon Hill, Puteri Harbour or even Singapore?!!!”

As I pulled away from Sungai Renggit it was already late afternoon.  By passing the exit to Kong Kong/ Kota Masai Exit I proceeded another 20 minutes to the Exit at Ulu Tiram. Here prices are still at a fraction of Nusajaya or Pengerang. Last year I bought a property here for a song through Johor High Court Auction – Only RM75,000 for a Freehold Semi-Detached House on 4,000 sq ft! A Real Bargain Indeed!

Like Kota Masai & Sungai Renggit – Ulu Tiram is a total laggard. So I have picked up 3 properties here. A Single Storey on 1,600 sq ft  for RM50,000, a Double Storey with 1980 sg ft (22′ by 90′ sq ft)  for RM142,000. And a Double Storey with 1,080 sg ft for RM73,000. All with Freehold Titles & I was the only sole bidder in High Court!

In Taman Perling, I called Mr. Tan Pao for a chit chat. He told me he just sold 2 houses in Nenas area, Taman Kota Masai. Both single storey for RM127,000 each. People are now bidding from Court Auction as high as RM120,000 now. And he sold 4 Units of Double Story Houses in Taman Air Biru for RM135,000. He had a total of 14 Double Story Houses in Taman Air Biru. Of the 14 he bought 10 units from Dana Harta at Only RM60,000 each.

Since the Double Story in Taman Air Biru can command a rental of RM1,000 to RM1,200 why let go at RM135K only. He told me he sold all 4 units at RM135K each to Investors. For the next 2 he has increased the price to RM145K per unit. He laughed as he said,”There are people who boast loudly that they own lots of houses, but upon further follow up they admitted that they only have two properties. As for me I could say I own an entire housing estate if I wanted to.”  This jovial man is the Champion in Kota Masai. He just bought another 8 houses recently – making him the owner of over 100 properties.

After Having Traveled Throughout Iskandar these 13 Years and Viewed More Than 10,000 houses in Iskandar I think Taman Perling Is The Most Central For Singaporeans. Houses may be old but does it matter. The Underlying Land Is Superior In Its Singapore Centric Location.

It was already late at night as I proceeded to Singapore by way of the New Nusajaya Highway. To my surprise I  saw Tall Construction Cranes Lighted Up Behind Lego Land. So I went to check on it. A Huge Brilliant Green Led Sign “THE MERIDIN” greeted me.

Contruction Work is Still Going On Into The Wee Hours of The Mid Night Till Day Break – 24 Hours Non Stop For AFINITY, THE MERIDIN & I MEDINI. These projects are by Capital Land, Mah Sing & WCT respectively. And the Place look Ultra Modern indeed. Comparable To The Very Best Any Where In The World Today!!!

I notice the LED LAMP POSTS ON BOTH SIDES OF THE HIGHWAY as I passed by NUSAJAYA. These LED LIGHTS Are Not Found Yet In Other Parts of Malaysia. The Light Emited Is Very White & Bright.

Soon I crossed into Singapore at Tuas.  For the First Time I saw a contrast – The Lamp Post on PIE/ECP In Singapore is still using the outdated old street lights. And The Construction of a small connecting flyover near Tuas has stopped work when day light fades. As I reached my Condominium (already 10 year old) it dawned on me that only  minutes away in Medini, Nusajaya - A Brand New World Is Now In Transformation.

SO ISKANDAR IS REALLY THE BEST KEPT SECRET IN THE WORLD TODAY!

IF YOU HAVE NOT YET INVESTED – WHAT ARE YOU WAITING FOR?

UPDATE ON 22ND, MARCH, 2014

Unsure of Investing In Iskandar? There Is An Easier Way. In The Next Posting I Mentioned About MP CORP (Stock Quote 6548) As A Property Laggard In Iskandar.

MP CORP Has 288 Million Shares. 72% Is In The Hands of Top 30 Substantial Share Holders. The Major Share Holder – TOPLANDER Alone Holds 61% Tightly.

So There Is Only 28% Shares Free Float. About 86.4 Miliion shares are traded in the market. At 39.5 Cts Closing Price the 28% equals to RM34 Millions.

So If Only 5,000 people will each Invest About RM6,000 each – The Remaining 28% MP Corp Shares Will Be Taken Up.

Note:   RM6,000 Can Buy 15 Lots or 15,000 Shares of MP Corp at 39.5 Cts Each.

Will You Be One of The Most Fortunate 5,000 people  Investing RM6,000 in MP Corp?

Disclaimer:

Please Do Your Own Due Diligence. Buy/Sell Your Own Decision.

Regards,

Calvin Tan

 

 

 

 

 

 

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THE RELENTLESS PURSUIT OF VALUE.

In Year 1949 Warren Buffet bought “THE INTELLIGENT INVESTOR” By Benjamin Graham. He called it the best investment he made in life. It was this relentless pursuit of Value Investment that made his Berkshire Hathaway so successful and those who invested in his shares became millionaires.

I Think There Are 8 Things About Value:-

1) Value Is  Mispriced By The Market.

Benjamin Graham seeks for Shares With High NTA. NTA stands for High Net Tangible Asset as a Margin of Safety. Usually these Securities are In Some Form of Trouble with negative connotation. Or they are dull and uninteresting – so rejected by the Market.

I remember Mr. Liew of Helang Camar Used Car telling me how he searched for mispriced Auction of Repossessed Cars. He found a Proton Saga 1.5 labeled as 1.3 when it was displayed for Auction. How did he detected the difference? In the Displayed Notice The Proton was stated with 1.3c.c. engine. But when he checked with the RoadTax Disc he clearly saw that it has a 1.5c.c engine. And there is a price difference of RM3,000 between a 1.3 & a 1.5 liter Proton in those days. So he bid a higher price for a 1.3 Proton but got a Value Buy.

2) Value Is Misplaced.

One of my favourite past time is to look for good durians when they are in seasons. There are many classifications for Durians like D24, D12, D10, Hoong Har, Mai Sang Wong or just ordinary kampung ones.

Sometimes during collection and sorting and distribution one or two higher grade durians are misplaced into the lower end kampung pile. With training you can pick out these Value  buys because they have been misplaced.

3) Value Is Overlooked.

In Year 1977 to 1980 Early Mitsubishi Sigma 1.6 was manufactured. For 4 years they did some cosmetic upgrades. But in Year 1980 End to 1983 Mitsubishi came out with a Completely New Model called Mitsubishi Galant 1.6GLS. One Day I went to submit a tender for a 1980 Mitsubishi Car advertised by a Finance Company. The Officer In Charge told me to view the Mitsubishi Sigma Car and submit a tender.

To my glad delight it was actually a MITSUBISHI GALANT 1.6GLS. So I submited a quotation. And as I was the sole tenderer I got it! You see, the Bank Officer did not bother to go to the Store Yard to check out the Model – Old or New. So Value is Overlooked.

4) Value Is Created

Singapore has overtaken London, New York & Tokyo to be the most expensive nation for expats. And by Year 2030 Singapore is purported to have the highest concentration of millionares in the world in relation to its population. Why?

Because Singapore Is A Nation of VALUE CREATION. 30 Years ago, a shop house in Holland Village  rent for $1,500. Today a similar shop goes for S$30,000 or more a month. And the Spore Govt has Created An Underground MRT Station with 2 Well Positioned Entrances Right Beside the Entrance Walk Way of Holland Village. Amazing!

These Value Creations Are Found Every Where In Singapore:-

Transfomation of Pulau Belakang Mati to SENTOSA ISLAND

Shifting Payar Lebar Airport to Changi – Freeing Up Land For Sky High Developments

Shifting Keppel Harbour To Tuas West – Freeing Land For Water Front Master Pieces.

Crafting Changing Airport Into An Urban OASIS For Rest & Relaxation.

1St IN WORLD NIGHT SAFARI & RIVER SAFARI.

CREATION FIRST UNDERSEA MICE TUNNEL IN SOUTH EAST ASIA. FREEING UP LARGE SWATE OF PRIME, PRIME LAND FOR COMMERCIAL ENCLAVE.

And The List Goes On And On!

These Value Creation Upon Value Creation Has Made Singapore A Magnet For Millionares & Billionaires.

5) Value Is Enhanced.

Someone says,”A Bar of Iron costs $5.00; made into horse shoes its worth is $12, made into needles its worth is increased to $3500, made into balance springs for watches its  worth is multiplied into $300,000!”

When Value Is Enhanced The GDP of A Nation Also Increases. The Swiss Army Knife is an example of the finest creation of the steel blade. Quality at its finest. So Swiss has One of The Highest Growth Story on Earth.  Singapore is aiming to have the Swiss Standard of Living Some Day. I think Singapore is now near to Swiss’ Standard.

 

6) Wealth Is The Exchange of Value.

If you want to have wealth you must first create Value for Others. For wealth is the Exchange of Value. Seek to Give Value to The Whole World. And the World’s Wealth will be given back to you. How?

Bill Gates once said, “I want to put a personal computer in every home.” And he did just that. The entire world has Received Value. In exchange the World in turn made Bill Gates the Richest Man in The Whole World!

Jesus says, “GIVE, AND IT SHALL BE GIVEN UNTO YOU…”

Think of IKEA. IKEA has Given the Very Best To The World In Furniture:

IKEA Has Gone Into The Remotest Part of The World To Get The Best Price For Its Products. It Mass Produce Designer Furniture At The Lowest Possible Cost. And IKEA passed on the Savings To Millions.

To Facilitate Exchange IKEA’s Furniture Is Designed To Be Extremely User Friendly, You can pack the furniture into a box to fit any car. This saves cost of transportation & precious time. IKEA Also employ a group of designer to keep up with the latest in trend.

So Much Value Is Created By IKEA that the World has rewarded Igvar Kamprad, IKEA’a founder, Great Wealth and made him among top 10 Billionaires in the world.

So SEEK TO CREATE AND GIVE VALUE TO THE ENTIRE WORLD.

 

7) THE HIGHEST VALUE IN LIFE IS WISDOM.

Enoch Tan of Reality Creation Secrets says, “ Give time for learning, give life for love, give thanks for happiness and give gold for WISDOM.”

The highest Value on earth or heaven is not gold but WISDOM. If we have Gold without Wisdom we might lose the gold. But if we have Wisdom without gold, Wisdom will guide and lead us to find the gold.

Enoch Tan has a purpose in life. To create The Highest Value For As Many People On Earth As Possible. He started out in GIVING FREE VALUE To All In Initial Years Before He Charge a Fee For Access To His Valuable Website called “www.mindreality.com”‘

The Contents of the Mindreality Website is worth its value in gold – many times over!

8) The Most Successful Investors Are VALUE INVESTORS.

Benjamin Graham Is The Investment Guru of Warren Buffet. He advocates the INTRINSIC VALUE APPROACH TO PURCHASE OF SECURITIES.

A LIFE LONG PURSUIT OF DEEP VALUE SHARES OVERLOOKED BY THE MARKET WILL GIVE THE VERY BEST RESULTS. Warren Buffet is the embodiment of the Graham Net Net Value Investment Approach.

Some years ago Ms Teh Hooi Ling, CFA,  did an experiment with the Singapore Stock Market. She selected 3 Groups of Shares From The Singapore SGX for a One Year Test.

1) The First Group Consists of Shares That Pay The Highest Dividends.

2) The Second Group Are Shares That Have The Lowest P/E

3) The Third Group Consists of Shares With The Highest NTA In Relation to Its Share Price.

Of the Three The Ones With The Highest Net Net Value Came Out  The OVER ALL WINNER! This proves that the Timeless Wisdom of Benjamin Graham is Still True in Modern Day Singapore and anywhere on earth!

All Hail To “The Relentless Pursuit of Value”!

 

 

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