Astoria @ Ampang by L&G

2

Coming fresh from deliver VP for The Element@Ampang, L&G has come out with their latest offering at the site next to Arte and close proximity with The Element. Called Astoria, the project consists of 4 blocks. Currently the developer is open up 43storey block A consists of 253units where booking of RM10K can be payable to lawyer as stakeholder to lock the booking.
The developer is in advance stage of obtaining APDL and SPA signing is expected to be in Jan/Feb.2015.

Overview
Developed in 5.7 acre of commercial leasehold land, Astoria bordered by Arte, the D’ Rapport (no construction progress to be seen) and AKLEH. Developed by Extreme Meridian (subsidiary of L&G), the developer is master developer of Bandar Sri Damansara and currently is developing Damansara Foresta. L&G in their joint venture with Mayland recently just handover the freehold 1040units The Element. This project will take 4 years and expected to be completed in first quarter 2019. Currently Block A is launched with block B~D will be launched in future. Location,

Astoria Ampang

Accessibility and Amenities
The already congested area will be getting more congested when M-City, NOVO, Arte and now this Astoria streaming in next 4 years. Easily there will be 5000units of apartments in this area along. The main access to Astoria is via the Jalan beside RISDA building. The residents may also use the AKLEH to go KL City to avoid the congested Jalan Ampang.

Location of Astoria @ Ampang

Astoria Ampang Amenities

There are plenty of amenities around Ampang and we have no doubt about the conveniences of living in this area. Just within 5km radius there are school, public transport, hospital, shopping etc.

Amenities

Astoria Ampang Facade

Astoria Ampang facilities

Site Plan and Façade
The developer’s website yet to provide much information at the moment
http://sqftglobal.com/property/astoria-at-ampang/
Despite seating on a commercial land, the developer has consciously omit the commercial such as shop from the ground. For most residents who appreciate some privacy and setup tilting residential, this is a good news for them. Furthermore, there are plenty of retails and shops around this area

Artist Illustration of Façade
Similarly to The Element, the façade is glassy with certain larger sizes have balcony. About the facilities on the development, in total there are 34 facilities on about 3-4acres of open space. Unlike The Element, there are no sky roof where residents can enjoy the spectacular view or fireworks during festive seasons.

Facilities on 6th floor

Astoria Ampang Site Plan

Astoria Ampang Floorplan

Astoria Ampang TypeA

Astoria Ampang TypeB

Astoria Ampang TypeC

Astoria Ampang TypeD

Astoria Ampang TypeE

Floor and Unit Plan Layout
The units have been orientated with North and South facing. For Block A that currently launched, North Facing is with pool viewing and South is with view towards Arte. There are 7 units perfloor ans served by 4 lifts and units started from 6th floor.

Siteplan

Floorpan

Type A- 560sqft (1 bedroom)

Type B-735sqft (2bedrooms)

Type C-888sqft (2+1bedrooms)

Type D-1050sqft (3bedroooms)

Type E-1505sqft (Dual key + 4bedroooms)

Prices
The price starts from RM800psf and for smallest 560sqft 1 bedroom, the price is just below RM500k for the lowest floor. Regardless the sizes, the price for each floor is increased by RM4K however a whopping RM21K jump from 17th to 18th floor.

Financing
Some finance incentive is given to the buyers. Please check with developer on this

Specification, Maintenance Fee and carpark
Kitchen cabinet comes with hood, hob, oven, aircon and heater on master bedroom/bathroom will be provided by developer. However no indication on the brand or the quality of the cabinets etc. Therefore buyers is advised to lower the expectation until the show unit is built. The maintenance fee is at this junction is too early to be confirmed however RM0.35-0.40psf is expected. For any unit below 1000sqft (type A, B &C), 1 carpark will be provided and for unit>1000sqft (type D &E), 2 carparks will be provided.

Conclusions
This news might be interested to prospect buyers that may provide catalyst to the developments around this area. http://www.thestar.com.my/Business/Business-News/2014/08/21/MPHB-Capital-rises-to-high/?style=biz

Astoria@Ampang by L&G 1

Coming fresh from deliver VP for The Element@Ampang, L&G has come out with their latest offering at the site next to Arte and close proximity with The Element. Called Astoria, the project consists of 4 blocks. Currently the developer is open up 43storey block A consists of 253units where booking of RM10K can be payable to lawyer as stakeholder to lock the booking.
The developer is in advance stage of obtaining APDL and SPA signing is expected to be in Jan/Feb.2015.
Overview
Developed in 5.7 acre of commercial leasehold land, Astoria bordered by Arte, the D’ Rapport (no construction progress to be seen) and AKLEH. Developed by Extreme Meridian (subsidiary of L&G), the developer is master developer of Bandar Sri Damansara and currently is developing Damansara Foresta. L&G in their joint venture with Mayland recently just handover the freehold 1040units The Element. This project will take 4 years and expected to be completed in first quarter 2019. Currently Block A is launched with block B~D will be launched in future. Location,
Accessibility and Amenities
The already congested area will be getting more congested when M-City, NOVO, Arte and now this Astoria streaming in next 4 years. Easily there will be 5000units of apartments in this area along. The main access to Astoria is via the Jalan beside RISDA building. The residents may also use the AKLEH to go KL City to avoid the congested Jalan Ampang.

Location of Astoria@Ampang
There are plenty of amenities around Ampang and we have no doubt about the conveniences of living in this area. Just within 5km radius there are school, public transport, hospital, shopping etc.

Amenities
Site Plan and Façade
The developer’s website yet to provide much information at the moment
http://sqftglobal.com/property/astoria-at-ampang/
Despite seating on a commercial land, the developer has consciously omit the commercial such as shop from the ground. For most residents who appreciate some privacy and setup tilting residential, this is a good news for them. Furthermore, there are plenty of retails and shops around this area

Artist Illustration of Façade
Similarly to The Element, the façade is glassy with certain larger sizes have balcony. About the facilities on the development, in total there are 34 facilities on about 3-4acres of open space. Unlike The Element, there are no sky roof where residents can enjoy the spectacular view or fireworks during festive seasons.

Facilities on 6th floor
Floor and Unit Plan Layout
The units have been orientated with North and South facing. For Block A that currently launched, North Facing is with pool viewing and South is with view towards Arte. There are 7 units perfloor ans served by 4 lifts and units started from 6th floor.

Siteplan

Floorpan

Type A- 560sqft (1 bedroom)

Type B-735sqft (2bedrooms)

Type C-888sqft (2+1bedrooms)

Type D-1050sqft (3bedroooms)

Type E-1505sqft (Dual key + 4bedroooms)
Prices
The price starts from RM800psf and for smallest 560sqft 1 bedroom, the price is just below RM500k for the lowest floor. Regardless the sizes, the price for each floor is increased by RM4K however a whopping RM21K jump from 17th to 18th floor.
Financing
Some finance incentive is given to the buyers. Please check with developer on this
Specification, Maintenance Fee and carpark
Kitchen cabinet comes with hood, hob, oven, aircon and heater on master bedroom/bathroom will be provided by developer. However no indication on the brand or the quality of the cabinets etc. Therefore buyers is advised to lower the expectation until the show unit is built. The maintenance fee is at this junction is too early to be confirmed however RM0.35-0.40psf is expected. For any unit below 1000sqft (type A, B &C), 1 carpark will be provided and for unit>1000sqft (type D &E), 2 carparks will be provided.
Conclusions
This news might be interested to prospect buyers that may provide catalyst to the developments around this area. http://www.thestar.com.my/Business/Business-News/2014/08/21/MPHB-Capital-rises-to-high/?style=biz
Happy Investing!

一股作气：置地通用浴火重生

经历过兴亡岁月洗礼的置地通用（L&G，3174，主板产业股），在过去几年的整顿和增强基础之下，具有潜能再度成为产业股之星。

近年来，置地通用已展开一连串的产业发展项目，并探讨在其他州属收购地皮，不排除推出更多产业计划。

为此，该集团未来的催化剂和重新评估，将是各个产业项目的推出，以及收购更多的土地，有望推动其未来盈利增长。

置地通用在1990年代曾是国内数一数二的篮筹产业公司，不过，在亚洲金融风暴时期受到重创，陷入债台高筑的窘境。

为了东山再起，该集团在过去数年来，脱售多项产业和进行业务重组计划，让业务发展步入正面的轨道。

置地通用的业务，主要可归纳为三类：
（一）产业发展：也是该集团的核心业务，近期所发展的项目包括8trium办公大楼项目、安邦路The Element，和斯里白沙罗Foresta共管公寓产业项目。
（二）教育业务：通过Sri Bestari私立学校，提供中小学教育，以及Manjaria I和II，提供托儿所和幼儿教育。
（三）其他业务：涵盖休闲（Sri Damansara Club）、种植（通过Clarity Crest私人有限公司，涉及油棕和橡胶种植），以及海外投资（与Far East Consortium联营发展墨尔本Hidden Valley产业项目）。

香港产业大户入股

根据2012年3月31日财年数据显示，产业发展业务为其营运盈利带来82%的贡献，教育业务则贡献11%，其他业务为7%。

目前，正着手进行的产业项目，包括即将竣工的8trium商业计划，以及另两项住宅产业，即安邦路The Element和斯里白沙罗Foresta共管公寓。

未来计划方面，置地通用将物色更多的土地储备，包括探讨在柔佛州收购地皮，并且展开更多房产项目。

其中，以2500万令吉收购位于芙蓉数个总面积超过200英亩的平方地段，和一个27洞高尔夫球场，已于去年7月完成签署买卖协议。

该集团正规划发展该地段成为综合用途住宅项目，甚至可能将高尔夫球场打造为围篱式房屋社区，发展总值达5亿5500万令吉。

而置地通用备受市场注目的另一个重点，就是香港产业大亨丹斯里邱达昌，在2007年通过Mayland Parkview私人有限公司入股。

根据最新数据显示，Mayland Parkview在置地通用的持股权，已从2007年的8.35%，增持至16.95%股权（截至6月11日）。

重组后资产负债大改善

随着该集团经过系列债务重组计划，如今，置地通用资产负债表已大幅改善，且拥有现金和产业发展资产的一家集团。

置地通用在亚洲金融风暴期间，虽拥有丰富资产，但因缺乏现金流周转，因而面对无力偿债的危机。

为此，该集团在1997年蒙受亏损，直至2002年才得以转亏为盈。

本益比只有7.7倍

在2008至2011财年（3月31日）期间，该集团的业绩表现漂浮不定，不过却在2012财年取得大跃进。

从2008财年起的营业额为4673万4000令吉、3761万1000令吉、3021万4000令吉，到2011财年的4420万2000令吉。

在同期，净利为259万3000令吉（2008财年起）、1531万5000令吉、2968万2000令吉和1021万3000令吉。

在2012财年，置地通用的营业额和净利表现，皆取得将近两倍的强劲增长，各别达1亿3079万8000令吉和3040万4000令吉。

以2012财年每股盈利5.08仙以及周五闭市价格39仙计算，该股的估值大约为7.7倍本益比。

手握逾6千万现金

截至2012年3月31日，置地通用的每股净资产值为47.2仙，而目前的市场价格已出现逾17%折价水平。

至于该集团总贷款，合计达5751万令吉。

不过，其存款、现金与现金等值则超过总贷款，计有1亿2280万2000令吉。

为此，置地通用手上握有6529万2000令吉净现金，或相等于每股27.6仙，是该股市价的70%。

展望未来，置地通用预计将在今年可持续其增长动力，特别是在其产业发展业务方面，将继续为集团的营收和盈利作出大幅度贡献。

正在进行中的产业项目将为集团带来营收，为此，集团对于2013财年的业绩表现相当乐观，并将持续探讨新发展项目。

至于投资风险方面，则包括产业市场放缓、产业项目推出延搁、产业领域的负面政策（包括利息上调）和其他因素等。

L&G plans new township in Lembah Beringin

KUALA LUMPUR: Lifestyle property developer Land and
General Bhd (L&G) plans to undertake a new township
development at its yet-to-be-converted 2,500 acres
(1,011ha) of estate land in Lembah Beringin, Selangor, as
early as 2016, said managing director Low Gay Teck.

We have just started the planning process and it will take
some time. The estate land will be converted for housing
township development and we hope to launch [the project]
in two years,¡± he told a press conference after L&G¡¯s
annual general meeting yesterday.
The rubber and oil palm estate land, which is wholly owned
by L&G, had a net book value of RM48.146 million as at
March 31 this year.
¡°We will go through the approval process next year. That
will not be immediate as it will take months or even one to
two years to get the approval to [convert] a 2,500-acre
tract. Nevertheless, we have started looking at some
planning proposals,¡± said Low.
He said the group has yet to work out the project¡¯s
estimated gross development value (GDV).
It will be more of a township [with] landed properties and we will try to come out with more new
innovative products.¡±
He said the township will be developed in phases and will be fairly comprehensive with residential,
commercial and industrial components.

We want to cater to those who wish to purchase landed property but find it too expensive to acquire
one in a prime city area, and don¡¯t mind travelling another 35 minutes up north along the highway,hesaid.
The township could be developed by L&G on its own or through a joint venture (JV), he said.
¡°Until the time comes, we will look at various options ¡ª whether to develop on our own or team up with
another party. It can be any-one, not just Mayland,¡± he said.
Previously, L&G had teamed up with Malaysia Land Properties Sdn Bhd (Mayland) to jointly develop
The Elements @ Ampang, which was launched in 2011 with a GDV of RM860 million.
This article first appeared in The Edge Financial Daily, on September 23, 2014.

LAND & GENERAL BERHAD Fifty-first Annual General Meeting

更新于 20 小时前 · 摄于 Bandar Sri Damansara Club

LAND & GENERAL BERHAD

Type of Meeting AGM
Indicator Outcome of Meeting
Date of Meeting 22/09/2014
Time 10:00 AM
Venue The Saga Room, the Sri Damansara Club, Lot 23304, Persiaran Perdana, Bandar Sri Damansara, 52200 Kuala Lumpur
Outcome of Meeting
The Board of Directors of Land & General Berhad ("L&G") wishes to announce that the shareholders of L&G have at the Fifty-first Annual General Meeting (“AGM”) of L&G held this morning approved all resolutions set out in the Notice of the Fifth-first AGM dated 28 August 2014.

This announcement is dated 22 September 2014


明年初推14亿新项目　置地通用巴生谷猎地
（吉隆坡22日讯）置地通用（L&G，3174，主板產业股）董事经理刘毅德表示，该公司在明年第一季將会在巴生谷推出两项发展总值约14亿令吉新项目，以提振该公司销售表现。

同时，该公司手握3亿令吉，正寻求购买地库，首选地点是巴生谷、柔佛和檳城。

刘氏表示，该公司將在短期內推出两个项目，包括THEELEMENTS以及DAMANSARA FORESTA第二期，並提到该两项项目的发展总值（GDV）分別为8亿令吉及6亿令吉。

他说，位於武吉兰樟（BUKIT LANJAN）的DAMANSARA FORESTA第二期项目不是该整体发展项目的尾声，在未来6至8年內，將会完成第三期以及第四期，为公司带来20亿令吉的总发展价值。他在週一出席股东大会后，向记者如此表示。

他指出，目前，置地通用公司拥有4亿7000万令吉未入帐销售，资本负债比率为0.17倍。同时，他也表示，该公司拥有超过3亿令吉的现金，作为未来收购用途以及营运开支。他们正在巴生谷、柔佛和檳城寻找购地机会。

该公司的房產营业额从2013財政年（3月31日结帐）的1亿9079万令吉，成长近146%，至2014財政年的4亿6843万令吉。对于过去一年的表现，刘毅德乐观看待，並表示希望在未来的財政年內能取得不错的表现。

置地通用公司在巴生谷、柔佛、吉打拥有土地，其中在柏林津谷（Lembah Beringin）的土地面积达2500英亩。

刘毅德表示，该2500英亩土地將计划用于住宅发展。

「该土地规划一切还在討论之中，没有一个固定的计划以及决定。该土地面积大，未来可能將会分阶段进行开发，预计发展时段將比较长。」

针对海外计划，刘毅德表示公司没有非常明確的计划进军海外。

「公司近期有考虑进军越南市场，而关於这项业务扩展计划並未有完整的计划。」

除了房產发展领域，该公司的第二大业务——教育领域表现稳定。刘毅德说，教育业务表现依然正面，公司也不断在探討未来计划，然而，並没有打算发展成公司的主要业务。东方提供

https://www.facebook.com/media/set/?set=a.317707195075926.1073741950.164225723757408&type=1

明年初推14亿新项目 置地通用巴生谷猎地

财经



（吉隆坡22日讯）置地通用（L&G，3174，主板產业股）董事经理刘毅德表示，该公司在明年第一季將会在巴生谷推出两项发展总值约14亿令吉新项目，以提振该公司销售表现。       

同时，该公司手握3亿令吉，正寻求购买地库，首选地点是巴生谷、柔佛和檳城。

刘氏表示，该公司將在短期內推出两个项目，包括THEELEMENTS以及DAMANSARA FORESTA第二期，並提到该两项项目的发展总值（GDV）分別为8亿令吉及6亿令吉。

他说，位於武吉兰樟（BUKIT LANJAN）的DAMANSARA FORESTA第二期项目不是该整体发展项目的尾声，在未来6至8年內，將会完成第三期以及第四期，为公司带来20亿令吉的总发展价值。他在週一出席股东大会后，向记者如此表示。

他指出，目前，置地通用公司拥有4亿7000万令吉未入帐销售，资本负债比率为0.17倍。同时，他也表示，该公司拥有超过3亿令吉的现金，作为未来收购用途以及营运开支。他们正在巴生谷、柔佛和檳城寻找购地机会。

该公司的房產营业额从2013財政年（3月31日结帐）的1亿9079万令吉，成长近146%，至2014財政年的4亿6843万令吉。对于过去一年的表现，刘毅德乐观看待，並表示希望在未来的財政年內能取得不错的表现。

置地通用公司在巴生谷、柔佛、吉打拥有土地，其中在柏林津谷（Lembah Beringin）的土地面积达2500英亩。

刘毅德表示，该2500英亩土地將计划用于住宅发展。

「该土地规划一切还在討论之中，没有一个固定的计划以及决定。该土地面积大，未来可能將会分阶段进行开发，预计发展时段將比较长。」

针对海外计划，刘毅德表示公司没有非常明確的计划进军海外。

「公司近期有考虑进军越南市场，而关於这项业务扩展计划並未有完整的计划。」

除了房產发展领域，该公司的第二大业务——教育领域表现稳定。刘毅德说，教育业务表现依然正面，公司也不断在探討未来计划，然而，並没有打算发展成公司的主要业务。http://www.orientaldaily.com.my/ ... 1:14&Itemid=198

Can L&G sustain its growth rate?

Author: lkoky   |   Publish date: Tue, 26 Aug 21:20

---

As I am writing this article, L&G just closed at RM0.63 on 26-Aug-2014. The all time highest was RM0.70 achieved on 4-Aug-2014.

So the question now is how high can the share price go.

Before answer that question lets look at where L&G revenue/profit contribution from. In 2013 annual report, 90% of PBT were from properties development segment.







And its current projects include:

• 8trium, Bandar Sri Damansar. Completed 1H 2014.
• The Element@Ampang, two 42 storeys tower comprises 1040units. GDV RM760million. Scheduled for completion in 2Q 2014.
• Damansara Foresta, Bandar Sri Damansara, total GDV >RM2billion; Phase I launched in 2012, targeted to completed in 3.5years. As of 1H-2014, Phase I close to 90% of the 928 units (four residential tower blocks) have been taken up. Construction is aapprox 20% completed.selling price per units range from 900k to 1.2million. Hence total GDV for Phase I is around RM900million.
• Tuanku Jaafar Golf and Country Resort, upmarket residential in Negeri Sembilan. Launched 1H 2014
• Hidden Valley, Melbourne. No GDV or schedule provided in annual report.

And 1Q-2015 Financial results
 


 


 So we know that close to 75% of the profit in 1Q-2015 was contributed from Elements@Ampang, which is scheduled to be completed 1H-2014. Hence it is safe to assumed that subsequent quaters financial results will be driven mostly by Damansara Foresta, Phase I, II and TJGC projects with GDV >RM2billion.

Now the guestimation begin:

75% of 1Q-2015 from Element@Ampang = RM44.78million of operation profit. And this if from a 50% JV porject with Mayland.

Let assumed that 2Q-2015 will be mainly contributed from Foresta project which is 100% owned by L&G.  RM900million/3 years/4 quaters = RM75million revenue. With L&G passed recorded of achieving profit margin of 30%, the above revenue will translate into RM22.5million profit per quarter for subsequent 3 years.

Of cuz this is the profit contribution from Foresta Phase I alone. Havent take into consideration of lauching of Foresta Phase II, TJGC, Melbourne project and Education & Others.

And lastly, the management definitely seems confident in maintain the current upward trajectory of the company revenue/profit growth; in spite of the rising OPR and coming GST in 2015,