【SDRED 2224 交流专区】雪兰莪铁船

Mr.Business

雪蘭莪鐵船－－一个企业转型的故事。

Mr.Business

updated:February 23, 2008 17:47

雪蘭莪鐵船整裝出發
鄭立金轉舵締新局

經營采錫及挖土業務的雪蘭莪鐵船，成立于1962年，曾以先進的挖土機締下輝煌歷史。

但采錫業在80年代時漸落沒，公司地位也岌岌可危。

它輝煌過、也黯然過，就在市場恐懼于將遭歲月無情淘汰時，新血鄭立金，緊握公司發展方向盤，一洗過去頹氣，整裝再出發！

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傳統家族企業若要在發展日新月異的社會裡延續燈火，需要新力量注入與改革，才能保住薪火不滅。

第2代接過家族企業棒子，處在企業轉型關鍵發展階段的他們，除了帶著家族寄予的厚望上陣，還得另闢新徑，苦思家族企業未來方向，期望家族薪火長紅，肩上壓力之大不可言喻。

雪蘭莪鐵船（SDRED，2224，主板產業）第2代掌權棒子，就是在如此艱鉅時勢下，由妮子鄭立金接過。


鄭立金
雪蘭莪鐵船董事經理兼大股東
吉隆坡人，41歲


女承父業案例鳳毛麟角，她背負著使命緊捉家族企業棒子，自然的引來市場打量。

當時，雪蘭莪鐵船核心業務為采錫及挖土，但80年代國內錫礦業漸沒落走向夕陽，公司業務也因此失色。

風暴期接棒

顯然的，若要持續立足商場，公司必須重新定位，而不讓鬚眉的鄭立金，就是帶領公司破繭而出的功臣。

她在1997金融風暴期間，接管業務不甚理想的雪蘭莪鐵船，隨即著手重組內部業務，說服啟業的父親結束傳統業務，還公司強穩財務狀況。

鄭立金向《中國報》說：“當時最難為的莫過于決定公司業務的去留，即應脫售甚么或保留些甚么。”

結束舊有業務也意味著必須遣散很多員工，因此沒人願意掌管接手家族業務。

鄭立金輕描淡寫道：“我不介意接下攤子。”

她說，處在十字路口，就必須決定方向，所謂的決定不分好跟壞，一刀兩面，任何決策都有正反兩效果。

“就算作下錯誤決定，我們需要面對與承認，並繼續走下去。”

雪蘭莪鐵船經過一番大整頓后，鄭立金決定轉向產業，重新出發。

短短數年時間，該公司成功洗去舊有傳統形象，在國內高檔房產領域裡迅速建立口碑，巾幗本色不容小覷。

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家中老么早有部署
接棒是機會也是挑戰


位于吉隆坡市區的Maya酒店，是雪蘭莪鐵船旗下產業，也是國內首家精品酒店（Boutique Hotel）。

上有2兄2姐，鄭立金是家中最年幼的。

她曾說，小時候父親就知道，已為專業人士的兄長不會接管家族生意，棒子自然的落在她手中。

她打從很早以前就為接班作準備，無論是心理上或是能力上。

“接管家族業務並不是扛下重擔，那是機會，也是挑戰，我樂意接受。”

重新定位公司未來方向后，接下來的重點是產業發展定位，以在眾多同業中脫穎。

雪蘭莪鐵船攻的是高檔房產，旗下任何產業售價都較其他業者高出20%到30%。

發展總值11億

2006年完成的首項產業Aman Sari，一推出市場即獲如潮好評，首炮打響也奠下高檔房產領導業者地位。

陸續進行的還包括Park Seven豪華公寓、八打靈再也Ameera公寓、Melawati綜合產業計劃等，銷售總值近7億令吉。

公司08及09年產業發展總值約11億令吉。

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今年推出4億計劃
新加坡矢打響首炮

去年進軍新加坡產業市場的雪蘭莪鐵船，冀以該國作為邁向區域首要業者目標的起跑點。

新加坡2項公寓產業，分別將在今年4月及8月推出，銷售總值達4億500萬令吉。

鄭立金信心滿滿說：“在進一步拓展其他海外市場前，我們要打響首炮。”

注重外資需求

針對國內產業前景，她指出高檔房業必是首個搭上產業蓬勃發展列車的領域，所以外資需求所在地是該公司旗下產業計劃的首要考量。

她強調，雪蘭莪鐵船要推出的是夢想家園，而不是僅僅一間房子而已。

“產業計劃下的展示單位，並不充斥著炫麗的擺飾，但空氣流通、光線充足以及空間足夠，才能讓住戶打從心底喜歡。”

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一週3堂瑜珈
女人要寵愛自己

育有2名孩子的鄭立金，注重家庭、事業及自我的平衡。

她工作時間朝八晚五，其余時間留給孩子、家庭和自己，1週3次的瑜珈課是她尋求自我平衡的管道。

“多數女性都有能力平衡事業與家庭，但卻忽略了自己，女性應學習寵愛自己。”

“相信自己所選，享受所選”是鄭立金提醒時下女性。

對于公司發展前景，她預計，當雪蘭莪鐵船緩緩前進茁壯時，人力資源的管理是她最大挑戰。

管理的深度

但鄭立金相信，只要每一個職員了解公司使命及宗旨，那自然將懂得如何應對。

“當工作團隊越來越大時，務必確保溝通指令的下達全面，我們講究的是公司管理層的深度。”

鄭立金認為，管理得當的領導者，並不需要長時間待在辦公室，不是所有的決定都得出自于他。

她相信下屬，並賦予權力，強調“管理的深度”。

“假設我暫離工作崗位渡假去，我不希望每天或頻密的接獲公司來電，倘若我是領導有方的董事經理，他們知道應該如何解決如何作下決策。”

身為雪蘭莪鐵船領航人，確保公司未來2年內產業發展總值超過10億令吉以上，以及淨利每年以雙位數成長，是她的自設目標。

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個人簡介

鄭立金畢業自英國南安普敦大學（Southampton University），獲會計與經濟榮譽理學士學位。

在返馬前，她完成船務、貿易及金融碩士學位。

1996年8月，鄭立金被委任為雪蘭莪鐵船執行董事，1998年7月接下董事經理一職。

目前，她也是大馬投資委員會成員。

http://www.chinapress.com.my/topic/business%20weekly04/default.asp?dt=2008-02-24&art=20080224series42ee.txt

Mr.Business

雪蘭莪鐵船的公司网站：
http://www.sdb.com.my/

Mr.Business

雪蘭莪鐵船过去得过的奖：

1986
Honorary Mention in the Singapore Institute of Architects (SIA) Architectural Design Awards
– Wisma Selangor Dredging

1998
Winner of the Asia Pacific Interior Design Awards
– Hotel category

2003
First Runner-up in Wilayah Persekutuan Landscape Competition
– Wisma Selangor Dredging

2005
Malaysian Interior Design Awards Excellence in Design
– AmanSari – Residential Category

2005
Malaysian Interior Design Awards Excellence in Design
– Hotel Maya Kuala Lumpur – Hotels and Restaurants Category

2006
8th SIA Architectural Design Awards 2006
– Hotel Maya Kuala Lumpur – Interior Design, Commercial Category

2006
Pertubuhan Akitek Malaysia (PAM) 2006 Awards for Excellence in Architecture
– Hotel Maya Kuala Lumpur – Best Interior Design

2007
Pertubuhan Akitek Malaysia (PAM) 2007 Awards for Excellence in Architecture
– Ameera Residences Sales Gallery – Best Showroom Building

Mr.Business

一些资料/新闻。

Living Large
The Peak Magazine – Vol.17 No.1



Teh Lip Kim
Managing Director
Selangor Dredging Berhad
        
Just 38, The Lip Kim is quite possibly the youngest woman in the country to head a public-listed property company. A natural high achiever, Teh is also the only Asian woman, and one of four Malaysians to have been short-listed for the CNBC Asian Business Leader Awards. “The recognition was really great as we’ve only really started property development over the past two to three years,” she says.

Having repositioned Selangor Dredging Berhad from its roots as a conglomerate with diverse businesses to instead focus wholly on luxury property development and hotel management, the move has been viewed as a highly positive extension of the group’s strengths. “It hasn’t been altogether too difficult as we can still bank on the good reputation of Selangor Dredging and of always having had high standards. We also know how to adapt to changing tastes and lifestyles… what people like. This shows very clearly in our Park Seven project, a super luxury condominium, which combines top quality with honest and practical aspects.”

Other projects in the Selangor Dredging pipeline include Aman Sari, a high-end gated and guarded haven of luxury houses in Puchong which won the Malaysian Interior Design Awards (MIDA) for Design Excellence in the Residential Category, as well as a new 33-acre project in Melawati, both due to be launched in the second half of the year.

Teh has also been busy where hotel management is concerned. Having totally refurbished and transformed the Hotel Maya (formerly the Grand Maya) into the country’s first Malaysian-owned and managed boutique urban resort hotel, she adds, “We are also looking at other projects around the South-east Asian region as well as managing hotels. But first, we want to get it absolutely right. What we have done with the Maya is a blueprint of what we will possibly adopt for other properties. We are not into expanding merely for the sake of doing so. We do have plans to bring the Maya brand overseas but we’re still studying it. Doing property development or managing hotels isn’t rocket science,” she says with a grin. “It’s ultimately all about service. There is a huge market still for luxury homes. Many choices abound but there is still a shortage of good developers and that’s where we hope our integrity and strengths will continue to set us apart.”

Mr.Business

一些资料/新闻。

Selangor Dredging buys Property

Thursday, January 04, 2007 - The Star Online (Business)

Selangor Dredging Bhd (SDB) said ACPAC Development Pte Ltd’s tender for the acquisition of a freehold property, known as Mount Emily Tower in Singapore, has been accepted by the registered subsidiary proprietors of the units at the Tower.

In an announcement to Bursa Malaysia, SDB said the total consideration of the property, which was erected on Land Lot 293M of Town Subdivision 19 together with its common property, was about RM49.3mil.

“The property has development potential and is part of the group’s ongoing identification of suitable properties to add to its landbanks,” it said. - Bernama

[ 本帖最后由 Mr.Business 于 25-2-2008 02:00 PM 编辑 ]

Mr.Business

一些资料/新闻。

Selangor Dredging Berhad

Monday, January 29, 2007 - Berita Harian
By Zef Othman

Projek bernilai RM140j akan siap dalam tempoh 3 tahun



SDB Properties Sdn Bhd menjangka mampu menjual semua 290 unit kondommium ‘Ameera Residences’ yang dimajukannya di Petaling menjelang akhir tahun ini.

Projek itu yang dimajukan anak syarikatnya SDB SS2 Development Sdn Bhd mengandungi tiga blok iaitu dua jenis villa lima tingkat dan 12 tingkat dengan masing masing menawarkan 17 unit dan 37 unit serta blok menara 30 tingkat yang menawarkan 237 unit termasuk 12 unit penthouse.

Pengarah Urusan SDB Properties, Teh Lip Kim berkata kira kira 30 peratus daripada unit yang ditawarkan itu sudah dijual pada hari pelancarannya kira kira seminggu yang lalu.

“Berdasarkan sambutan menggalakkan pada hari pertama pelancarannya kami menjangkakan baki unit yang ditawarkan itu mampu di jual sepenuhnya menjelang akhir tahun ini” katanya kepada Benta Harian ketika ditemui di Petaling Jaya, baru baru ini.

Beliau berkata selain menawarkan 237 unit kediaman di bahagian menara termasuk 12 unit penthouse, syarikat itu turut menyediakan enam unit deluxe khusus untuk mereka yang mahukan kediaman dengan ruang lebih luas berbanding unit biasa.

Teh berkata, projek dengan nilai pembangunan kasar (GDV) RM140 juta itu akan dilaksanakan dalam tiga fasa dan ia dijangka siap sepenuhnya dalam tempoh tiga tahun.

Beliau berkata fasa pertama pembangunan projek itu membabitkan kawasan seluas 4.45 hektar yang dibahagikan kepada dua bahagian iaitu 3.23 hektar bagi pembangunan kondommium dan 1.21 hektar khusus untuk  pembangunan komersial.

“Dari segi reka bentuk, Ameera Residences memberikan tumpuan kepada menyediakan kediaman dengan fungsi ruang dalaman lebih efektif dari ruang tamu dapur bilik tidur dan juga balkoni.

Landskap persekitarannya pula direka bagi mewujudkan suasana tenang dengan memperkenalkan konsep aliran air di sebahagian besar kawasan luar kediaman,”  katanya.

Dari aspek keselamatan pula, Teh berkata Ameera Residences dilengkapi sistem keselamatan pelbagai peringkat seperti penggunaan akses kad dan pintu masuk yang dikawal.

[ 本帖最后由 Mr.Business 于 23-2-2008 09:36 PM 编辑 ]

Mr.Business

一些资料/新闻。

New Condo in SS2

Saturday, February 3, 2007 - The Star (BizWeek)
By Thean Lee Cheng

SELANGOR Dredging Bhd SDB managing director Teh Lip Kirn had a surprise at the unveiling of Ameera Residences a condominium development in Jalan SS2/72 Petaling Jaya.

She and her staff were expecting 650 people to turn up on Jan 21 but 1 000 came on the Sunday and about 30 sales were generated. The location has much to do with it SS2 is after all an established area.

Says Teh: “They were not looking at the units which cost RM300 000 but the larger ones in the half a million ringgit region.

Ameera Residences is part of an 11-acre freehold development by SDB SS2 Development Sdn Bhd a subsidiary of SDB Properties Sdn Bhd. Phase one, or Ameera comprises 290 units of low rise and high-rise blocks over three acres (density ratio: 96 units to an acre). In terms of the overall exterior, Ameera remains essentially Park 19, the project by Luxor Properties Sdn Bhd put out on the market several years ago with, some enhancements. It will be next to Ken III, with phase two sandwiched between Ameera and Jasmine Towers.

Phase two will be launched later this or early next year. Although the local authorities have given approval for 500 units to sit on the adjacent five-acre plot, Teh says the density may be reduced judging from the popularity of the larger units. Both projects will be by the group but will have separate building management committees.

Behind phase one and two flows Sungai Penchala and across it will be a commercial development on a three-acre site comprising three blocks of several storeys.

Teh’s plan is to transform this 11 acres one of Petaling Jaya’s largest piece of land, into an urban community with conveniences and basic amenities within walking distance. None of the three commercial blocks with a total 400, 000 sq ft to 450, 000 sq ft of space, will be for sale.

Although the master plan for the 11 acres is on display at the site, Teh says phase two will be more linear with a lot more open space. Maintenance inclusive of sinking fund charges is at 20 sen per sq ft for Ameera which will come with the usual condominium facilities like pool and security.

There is bound to be comparison between Ameera and Sinaran TTDI, at the former Damansara West Point club, in Taman Tun Dr Ismail among buyers.

Both are 30-storey high and are in established and convenient locations not too far from each other. Sinaran has easy access to all the main highways like Sprint Highway, North Klang Valley Expressway, Lebuhraya Damansara-Puchong and Penchala Link while Ameera’s road network will be improved with Jalan Harapan punching out to Sprint later on. Ameera averages around RM300 per sq ft while Sinaran RM350 per sq ft has 250 units on 2.3 acres.

The type of niche lifestyle homes generated by the SDB group these several years has been exciting for property watchers and exhilarating for Teh herself. The company started out as a tin mining company decades ago before branching out and subsequently, divesting its manufacturing business and focusing on property development. Last year, property accounted for more than 80% of its total group revenue. It will eventually account for 90% to 95%, says Teh.

SDB will be offering properties worth a total of RM1bil between this year and the next.

For many years, the company has kept a low profile. But because it is building its brand now, it is no longer shunning publicity.

“We will do what we can to the best of our ability,” says Teh, whose company will be among the first to offer a 36-month liability period irrespective of whether it is a first or secondary buyer. Most developers offer only an 18-month liability period.

The company is only going for niche lifestyle development. Its first was Aman Sari comprising semi-detached homes and bungalows in a guarded development, which set a new benchmark in the Kinrara area.

Then came high-rise Park Seven in the KLCC vicinity in 2004. 20trees in Melawati will be officially launched about the middle of this year. The landed strata development overlooks the Melawati Ridge and will be something both new and exciting for the company and property buyers. The project calls for the creation of a totally new environment with lots of trees and ambience. It will have 20 landscaped environments and gardens existing with 83 landed and 118 apartment units.

It has yet to unveil 21 bungalow units in Damansara Heights near the Securities Commission area. This it will do next year. This will be keenly watched as well as this locality is one of Klang Valley s most prestigious suburbs.

Eventually the company aims to go regional starting with Singapore where it will be developing 25 to 27 condominium units on a plot of less than half an acre. The objective is to familiarise itself with development projects in Singapore.

“Vietnam is so hot but the legal system is not there yet. Singapore is more transparent, and Australia and Thailand are possibilities.

“We started in 2003 when I began to see the attraction of this sector. I am happy with what we have achieved thus far but that does not mean I am going to rest on my laurels. I have always like to do something different and appealing by way of housing and this, Ameera, is just the beginning of something that will lift up this area further,” says Teh.

Mr.Business

一些资料/新闻。

Mr.Business

一些资料/新闻。

Ameera Residences in PJ’s SS2
Friday, February 9, 2007 - The Sun (Property Plus)

A high-end resort-like condominium, Ameera Residences which is part of an 11- acre integrated development is set to alter the landscape of the residential neighbourhood in SS2.

Developed by Selangor Dredging Bhd (SDB), the modern facade of the development along Jalan SS2/72 will stand out in a housing estate developed more than 20 years ago.

Selangor Dredging managing director Teh Lip Kim says: “We bought the land last June for around RM50 million. We see SS2 as an area which has been developed a long time ago. It is an old enclave, which lacks quality high-rises, so we felt we could do something to complement the existing developments,” she shares.

Teh is pleased with the RM130 million Ameera’s 30% take-up since its launch on Jan 20, saying that many buyers were surprised that the developer was offering three parking bays for the villa units as not many high-rises do so.

The site, which SDB claims to be the “last sizeable freehold track” in PJ, will comprise an eight-acre condominium parcel and three-acre commercial hub. SDB’s first launch is Ameera.

The three-acre Ameera is being developed by Selangor Dredging’s subsidiary SDB SS2 Development Sdn Bhd. Ameera comprises 53 condo units housed in one 5-storey and one 13-storey low-rise villa and 237 condo units in a 30-storey tower, which includes five penthouses.

The villa units have sizes of 1,729 to 2,119 sq ft, while the tower units are from 1,227 to 1,969 sq ft. The penthouses are from 2,700 to 6,000 sq ft. The tower units are priced from RM360,000, while the villa units are from RM500, 000.

“Residents coming home to Ameera will be lulled by the soothing water features throughout the development. A lot of thought has been placed to create a calm and serene environment for residents. Look at the bathrooms... we have placed the bathtub next to the window to further enhance the sensory experience,” she says.

Selangor Dredging is pricing Ameera 10% to 15% higher than the market rate and Teh justifies this: “We are offering more than just condo living, but a home for buyers. For instance, the décor at the side of the villas resembles a framework of letters. And when the light shines onto the framework, it will create shadows and break down the linear shape of the corridors. This is not only attractive but practical because it allows in light and protects residents against objects, which may be blown in,”

The developer will retain the commercial parcel and Teh says this is to ensure that services there will meet the expectations of Ameera residents. “There will be bridges linking the residential to the commercial area. We will be recreating the water elements in the commercial area, so the whole development will have continuity in concept.”

Phase two will comprise 400 condo units to be launched by end 2007 or early 2008, while the commercial parcel will begin construction by mid-2008. The entire development is slated for completion by 2011. For details, call 03-7725 8900 or visit www.sdb.com.my

Mr.Business

一些资料/新闻。

Selangor Dredging Target Price Rise Up
Monday, February 12, 2007 - Sin Chew Jit Poh (Investment Weekly)

Mr.Business

一些资料/新闻。

A Princess comes to Petaling Jaya

Saturday, February 17, 2007 - New Straits Times (Property Times)
By Evi Abdul Jabar


Ameera's three-acre first phase will be joined by a five-acre second  phase next year.


SS2 is a good place to live, but it needs a stimulant, says Teh.

Ameera Residences is set to bring graceful living to the city’s SS2 suburb

The SS2 locale of Petaling Jaya, Selangor, is often regarded as one of the more slowly developing parts of the city.

But not for much longer, says developer SDB Properties Sdn Bhd, a subsidiary of Selangor Dredging Berhad (SDB), which plans to bring a regal touch to the vicinity with Ameera Residences.

Ameera - which means princess in Arabic - is a RM130 million condominium project taking shape on a three-acre site along the banks of Sungai Penchala in Jalan SS2/72.

Aiming to introduce a sophisticated, modern living standard to the area, SDB managing director Teh Lip Kim said Ameera will be the first phase of an 11-acre integrated development that will include another five-acre residential project and three-acre commercial component.

The site was formerly slated for a RM300 million project called Park 19 Residences that was to have been a flagship venture of Luxor Properties Sdn Bhd (LPSB). Under its wing, the company has planned to build 790 condos in low and highrise blocks as well as an unspecified number of commercial lots.

As a result of an offer that LPSB general manager Yong Wee Cheok described as “too attractive to refuse”, the site was sold to SDB last June for RM35 million.

“We’ve improved on the initial plans for the site by adding quality and offering buyers more value for their investment,” said SDB’s Teh, adding that she sees great potential there for capital gains.

“PJ people have the purchasing power and are looking for quality products with a lifestyle concept… SS2 is a good place to live in, but it needs a stimulant – something buyers would be willing to pay for.”

Ameera will comprise a 30-storey highrise tower and two lowrise blocks of five and 13-storeys.

The highrise will have 237 units catering to young families and upgraders seeking more cosmopolitan space.

Units here will start from RM 360,000 for a 1,300sq ft condo, and will work its way upwards to the five penthouses with between 2,700sq ft and 6,000sq ft of space.

The lowrise blocks will house 53 resort-styled villas in sizes from 1,729sq ft to 3,480sq ft, priced from RM500,000. Among the offerings are a limited number of garden villas and duplex penthouses boasting private gardens leading to a common pool deck.

Teh said buyers can be assured that Ameera will feature the same quality finishes and attention to detail that SDB has infused into its other high-end products in the Klang Valley.

Among these are Italian styled dry kitchens, spacious wet kitchens with a designated yard area, en-suite air-conditioned master bed-rooms and centralised water heating systems. In addition the entire project will be WiFi enabled.

Designed to cosset residents with a sanctuary of calm amidst the chaos of urban life, Teh said the facilities will be fashioned to “soothe the senses” via ample greenery, water features and spacious common areas.

Other key facilities include designer landscaped walkways, a resort-style pool deck with a 92ft colonnaded pool, an air conditioned gym cum yoga room featuring an open air garden terrace as well as outdoor and indoor children’s play areas.

“So far, we’ve proven to be correct in our surmise that there is a demand for quality highrise homes in PJ, having sold 30 percent of the units within a week of launch earlier this month,” she said, adding that buyers were not only from within PJ, but also from Bangsar, Damansara and Subang.

The upbeat mood, she said, has fast-tracked SDB’s plans to launch the second phase by early next year.

The commercial aspect, to be launched later, will be situated across the river – fronting Section 17 – and be linked to Ameera via pedestrian bridges. It will comprise three office towers rising above a podium accommodating a supermarket, fitness centre as well as dining and entertainment outlets.

The site can be accessed via the Sprint Highway as well as Lebuhraya Damansara-Puchong and is a stone throw’s from the SS2 commericial centre. It is slated for completion by 2010.

Mr.Business

一些资料/新闻。

Selangor Dredging Worth a second look

Monday, February 26, 2007 - The Edge
By Maryann Tan


Teh has raised her direct stake in SDB from 10% to over 11.6%.

Amid the savagery of the market crafty investors will have you know that the reputation of a company’s management has little correlation with the performance of its stock price.

As banal as that may sound this is probably true of underperforming property developer Selangor Dredging Bhd (SDB).

As a property developer, this old-timer is ranked at the top tier in terms of delivering quality, with some interesting upmarket projects pending. As a listed company, this counter remains largely ignored.

Unlike several other well profiled and well covered property stocks, SDB is trading below book value.

In recent weeks, however the market has taken notice, pushing the share price up to its highest in six years just before the Chinese New Year break. That record was smashed again when the market reopened last week.

Last Thursday, SDB rose as high as 75sen.

As with previous years, managing director Teh Lip Kim has been gradually accumulating shares, raising her direct stake from just over 10% as at last June to over 11.6% on Feb 12.

Shortly after the company released its third quarter earnings, Standard & Poor’s research upgraded its call to a “strong buy” in spite of its net profit coming in below expectations.

S&P also raised its 12 month target price by 28.8% to 58 sen. The stock has surpassed that target of course, but at 75 sen, SDB is still only 0.88 times its net tangible assets per share.

In comparison, several other highly profiled property developers such as Mah Sing Group, E&O Property Development and YNH Property are trading at about two to three times book.

They are a niche property developer and overall a good company. We’re still quite positive on them says an analyst with ZJ Research, who covers the stock under the CMDF-Bursa Scheme. “They are considered a small developer so that s probably why they don’t fall within the radar of investors.”

Encouraged by the company’s plans, ZJ initiated coverage with a “buy” call but downgraded this to a hold after the second quarter earnings. Some delays in its luxury condominium project Park 7 on Jalan Stonor in the city caused revenue to fall 30% from the first quarter.

However keys to these homes are due to be handed over to their owners in April. A representative of the company’s property development division says sales are closing in on the 90% mark.

SDB’s third quarter results were no more impressive though Revenue fell 20% against the same quarter last year while profit before tax declined almost 30% over the same period.

Expectations are still high for the fourth quarter nonetheless S%P expects a contribution from its SS2, Petaling Jaya condominium project Ameera, noting that SDB managed to sell all 53 units of the low rise block within two weeks of its launch on Jan 21. These went for an average of RM550, 000 per unit.

Ameera is located on Jalan SS2 72 on an 11 acre plot of land – a rarity in PJ these days. It will be a mixed development of low and high rise homes accompanied by commercial property which SDB will own and manage itself.

Originally held by Luxor Holdings, which also had plans to build condominiums, SDB purchased the land in June 2005 for RM35 million or 104.44 per sq ft.

Judging from Ameera s promotional kit, SDB envisages a quiet and contained living environment for a genteel community amid the bustle that is characteristic of SS2.

Not surprisingly these homes are aimed at the medium to higher end market.

Consistent with its position as a niche developer, SDB will launch another exclusive development in Melawati by March. Analysts expect sales from this project to contribute to earnings for the financial year to March 2008.

Next year, SDB should be able to double its net profit to RM31 million according to S%P estimates. What may bring promise for SDB is an announcement in early January that its wholly owned subsidiary SDB International will soon complete the purchase of freehold Mount Emily Tower in Singapore.

The owners of the Mount Emily units have approved SDB’s bid for the property. Pending approval from the Strata Titles Board and other certification, SDB will acquire the property for S$20.8 million (about RM49.3 million).

While high end property prices and rents are booming in Singapore, SDB has not said much about its investment strategy in the island state. It did not respond to questions from The Edge.

Interestingly borrowings have been gradually rising over the last three quarters, bringing its net gearing up to about 0.44 times as at Dec 31 2006 against a negligible 0.16 times in March last year.

Property development for now will likely be the main earnings contributor to the group with rents collected from managing Wisma Selangor Dredging bringing in steady revenue.

The hotel operations, on the other hand may have to struggle a little. After investing RM40 million to rejuvenate its hotel property on Jalan Ampang, the hotel was rebranded as Hotel Maya with a smaller number of rooms.

In the nine month period to December 2006 the hotel operations reported losses of RM4.1 million.

“When they pushed for the launch, they had very ambitious targets. They were aiming for an average rate of RM500 but it has turned out to be far below that,” says a hotel industry source. “It’s really difficult to push an unknown brand. The Datai, for example took 11 years to build a name for itself.”

Indeed the returns on that property may have been tough to come by in the past having successively changed brands from The Radisson in 1996 to Park Plaza and then to Grand Maya before its current incarnation.

When Hotel Maya opened in September 2005 its general manager said the aim was to break even by April the following year. Industry members saw this and its target for 60% to 70% occupancy as lofty goals. Hotel Maya’s managers were not available for comment when contacted.

[ 本帖最后由 Mr.Business 于 25-2-2008 02:25 PM 编辑 ]

Mr.Business

一些资料/新闻。

New landmark for PJ’s SS2

Monday, February 26, 2007 - The Star
By S.C. Cheah

SDB Properties is making its mark as a developer of unique high end residential properties. The Ameera Residences in SS2, like its other projects has also been well received.

SEVERAL developers have reported better sales, attributing this to increased market confidence spurred by the bullish stock market and a realisation that property prices are going up.

Today I shall continue with reviews of two more new projects:
Ameera Residences: In the early 1990s, Jalan SS2/72 in Petaling Jaya had only one condominium, Jasmine Towers. It will now have an even better condominium, the Ameera Residences by SDB Properties Sdn Bhd (a subsidiary of Selangor Dredging Bhd).

Many SS2 residents have been waiting for such a development for a long time. Thus it was not surprising that all the 53 low-rise units (RM501,000 to RM941,500) in two blocks and about half of the 273 units, including five penthouses (RM358, 500 to RM1.35mil) in a 30-storey tower block were snapped up soon after launch.

Many buyers are said to be residents in the area. Some of them are tired of living in old link houses and prefer to switch to the more secured lifestyle of a condominium.

The low-rise blocks have limited edition garden villas and penthouses while the high-rise apartments have spacious size of 1,200 to 3,300 sq ft.

Ameera Residences, being the first phase, occupies only about 3 acres of a longish land with the two low-rise blocks in front while the tower block is at the back. There are eight types of units per floor in the tower block. Phase 2 will have more condo units.

On its right (facing Jalan SS2/72) is Jasmine Towers and on its left is a road that separates it from two blocks of low-rise flats and the Ken 3 condominium. Ken 3 that is under construction is sandwiched between the two low-cost flats. There is a small road behind Ameera Residences that links up to the SS17 housing areas.

The fairly wide Jalan SS2/72 has always been quiet and well shaded a sharp contrast from the congested SS2 commercial centre nearby. However, there are fears that this road may see increased vehicular traffic with more new projects coming up.

Many residents are also hoping that the end of Jalan SS2/72, where the Ken 1 and 2 condominiums, Damansara Intan e-Business Park, Casa Suites (under construction) and Casa Damansara condos are located, will not be linked to the Sprint Highway. This is because residents and visitors there may use Jalan SS2/72 as an alternative access road.

The proposed Tropicana City (with a shopping centre and a high rise apartment) currently under construction next to the Damansara Intan e-Business Park may also aggravate the problem and this may spill over to Jalan SS2 72 if a link up materializes.

I visited the sales office cum show unit at the site recently. The show unit is tastefully furnished with a wooden sliding door instead of a wall opening to a bedroom. At an average RM280 per sq ft it is about the same price of a link house in SS2.

Saville Residence: I visited this proposed 30 storey freehold serviced apartment about a month ago. The developer Gabung Wajib Sdn Bhd (a subsidiary of Metro Kajang Holdings Bhd) held their sales events at its sales gallery at the West Court at Jalan Klang Lama in KL.

About 40% of the 181 units it also has three levels of shops that would be leased out and a seven level car park have been sold since its launch about three months ago.

Saville Residence has a sleek and modem design and is near the intersection of the Federal Highway, New Pantai Expressway and Jalan Klang Lama. The Kerinchi Link and MidValley Megamall are nearby. The units are priced at RM311 800 to RM400 000 each (about RM260 per sq ft).

It’s a pity that the ramp from the Federal Highway to Jalan Klang Lama slightly “overshoots” the entrance to Saville Residence. Motorists will have to travel a short distance along Jalan Klang Lama to make a U-tum to return to a side road into this project.

[ 本帖最后由 Mr.Business 于 25-2-2008 02:28 PM 编辑 ]

Mr.Business

一些资料/新闻。

A Prized Catch
Wednesday, February 28, 2007 - The Star

Free Bacfree water filters for Aman Sari residents

SITUATED just off the main artery of Jalan Puchong, Aman Sari is a 20 acre leasehold gated and guarded project featuring luxurious double storey bungalows as well as two and a half storey semi detached units built by Selangor Dredging Bhd’s property arm SDB Properties Sdn Bhd (SDBP).

Every unit in Aman Sari features functional and spacious layouts in modern tropical designs. The semi detached comes with five plus one bedrooms a family area on the first floor a walk in dresser in the master bedroom and balconies on the second and loft levels.

Standard features will include wide and high windows to provide copious natural lighting, eight foot high timber doors, water heater system, air conditioners, walk in wardrobe, auto gate and private courtyards that merge the indoors and outdoors with enough space to host small barbeque parties.

BACFREE ER19 series water filters are provided as a value added feature with no extra charge.

Security features will include a 10ft high perimeter brick wall that doubles as sound barrier, single point entry and exit, an intercom system and 24 hour security patrol.

SDBP has established “driving excellence, building lifelong relationships as its brand promise. With 36 months defect liability period offered to all properties developed by SDBP.

Aman Sari was completed slightly ahead of schedule.

Other ongoing projects within the group are Park Seven and 20trees a luxury home development at Melawati. All these projects will be fitted with water filters individual units for landed properties and a main unit for apartments or condominiums.

BACFREE is proud to be associated with Aman Sari & SDBP with the installation of BACFREE point of entry ER19 water filters for each of the 142 units.

All BACFREE EC/ER/IC filtration system comes with a comprehensive warranty that includes a 10 year warranty on the stainless steel SUS 304 vessel and frontal piping, a five year warranty on all the multi layered filtration media and, most importantly a five year warranty on water quality.

For further details on the water treatment products or free consultation please contact
Bacteria Free Water Filters M Sdn Bhd
No 7 Jalan SS 13 3F
Subang Jaya Industrial Estate
47500 Petaling Jaya
Selangor
(03 5633 8281, 03 5633 8290 Fax 03 5633 1785)

Alternatively visit their website at www.Bacfree.com.my


BACFREE ER19 series water fitters are provided as a value added feature to purchasers of Aman Sari.


BACFREE point of entry ER19 water fitters are installed for each of the 142 units at Aman Sari.

[ 本帖最后由 Mr.Business 于 26-2-2008 03:53 PM 编辑 ]

Mr.Business

一些资料/新闻。

Upside potential for Selangor Dredging

Friday, April 6, 2007 - The Star
By Loong Tse Min

Company transformed into property player under helm of MD

PETALING JAYA: Property developer Selangor Dredging Bhd saw its shares jump 13 sen or 17.81% to close at 86 sen yesterday.

Volume for the counter yesterday was also healthy at 4 million shares.

Incidentally Kenanga Research initiated coverage on the stock yesterday with a “buy” call.

“Selangor Dredging has successfully transformed from a tin mining concern into a property development and investment company under the helm of managing director Teh Lip Kim,” said the research house.

Kenanga likes the company for its success in creating developments that are unique and have appealed to its target market of high-end buyers.

“It differentiated itself by doing a significant amount of homework before launching its first project Amansari in Puchong, in 2003.

“The result was a success where a leasehold project was sold at a premium in a largely freehold area as it offered more,” the report added.

Projects in the pipeline were also set to propel the company’s earnings for the next five years, Kenanga said.

“These are to be launched and developed over the next three to five years with gross development value of more than RM700mil,” it said.

The company is also expected to benefit from the current property market that is conducive for high-end residential projects.

TA Securities construction stocks analyst Kamarulzaman Hassan agreed, saying that, with the recent relaxation of foreign ownership rules and abolishment of real property gains tax, high-end developers were expected to do well.

“We have also seen the value of high-end properties, such as detached and semi-detached units, rising at a compounding rate of 8% over the past four years compared with 4% for medium and lower-end units,” he added.

The higher appreciation rate should result in greater demand from buyers for high-end properties, he said.

On the flipside, Selangor Dredging had a small land bank (130 acres), which raised concerns of continuity of its operations, Kenanga said.

It added that this also meant lower land-holding costs.

Mr.Business

一些资料/新闻。

The Challenge of Change
Saturday, April 7, 2007 - The Star

In this first part of a series seasoned property developer TEH LIP KIM highlights how the dynamics of buying homes and strategies adopted by developers have changed irretrievably


Developers have in recent times become keenly aware that meeting timelines in delivering the product matters a great deal

Buying a home is not something people in Malaysia take lightly these days. Today homeowners are a savvy lot. They are aware that home ownership is a monumental investment decision. It’s not like buying a fancy car, which can be traded in or up, or changing partners in mid-life, which is messy but manageable. Nor is owning a home simply a question of that old battle cry of property developers – location, location, location.

The contemporary home buyer in Malaysia is in search of quality, style, ambience, the right neighbourhood and security. And in many cases, price is no longer the driver.

Behold the second generation of home buyers – educated, informed, demanding – those who in the idiom of the property developers are described as upgraders. These are not people just looking for basic homes. They are out there to make a statement in their choice of an abode and the lifestyle they plan to create.

And here lies the challenge for property developers today. If they reflect hard enough on the property marketing environment they will realise they are no longer “in control”.

The market has moved beyond having a valid licence and the obligatory sales promotion kit embellished with fanciful drawings of what the buyer’s home may look like. Glossy and glamorous visuals no longer lure customers. Buyers no longer come like moths to the flame. The boot in a manner of speaking, is on the other foot.

Today buyers dictate the substance style and quality of the “home”, not the house, they seek. Remember that ancient piece of wisdom? A “house” is not a “home”.  The buyer is the architect of the “home”. This is a paradigm shift in the property development industry. Developers have to spruce up their act to meet the challenge induced by this perception change.


First off, it is worth noting that the expectations of contemporary developers are high and they are dedicated to delivering what has been promised. They realize that promises fulfilment is today the essence of good branding and marketing.

Developers have in recent times become keenly aware that meeting timelines in delivering the product matters a great deal. Buyers need constant reassurance and confidence in the developer. There is a keen appreciation of the fact that if a developer loses momentum the buyer will lose faith. Given that a home purchase represents a significant part of the buyer s financial resources a breach of faith will do irreparable damage to the buyer seller business relationship and grievously undermine the image of the developer in the marketplace.

As a matter of fact, developers are fast embracing change to include “vital statistics” outlining “actual amenities and facilities that are integral to the housing development or estate. Steps include implementing 15O 9001 standard and specifications for quality management in construction to ensure that the work done adheres to international standards. Others have chalked a mile farther by getting a stamp of approval from the Singapore Construction Quality Assessment
System (CONQUAS) for architectural and external works.

Developers also understand that executing an environmental management plan prior to and throughout the construction work will also benefit the community. Equally, ensuring that the environmental plan is well implemented, monitored and audited will boost purchasers confidence in any given property project.

Making good on promise

As we move ahead it is obligatory for us as property developers to realise that we have to make good our promises to our customers - current and potential. Is what they see at the show house - minus the furnishings - what they get?

No less, we must constantly ask ourselves do we really understand our customers or have we focused too much on marketing the “show” and lost sight of what we had originally set out to do. And that is to build good quality houses that last.

A large number of educated Malaysians will be buying for the first time in the very near future if not today. They certainly have different tastes and requirements from their parents. It’s in the hands of developers to discover what they want, how they want it and why? Yes, that’s today s big challenge!

Yet, how do developers truly figure out what the new buyer wants. For starters, we can put ourselves in their shoes and ask ourselves: Do we want to live here?  What can this house and neighbourhood offer me?

Teh is the managing director of SDB Properties Sdn Bhd, a lifestyle property company. Bouquets and brickbats are welcome, send in your email to md@sdb com my.

Mr.Business

一些资料/新闻。

Ameera Drives Desire

Friday, April 21, 2007 - New Straits Times
By Chris Prasad

New condo to give a modern and classy touch to an established suburb





There’s something to be said about ‘hometown’ sentimentally. Take the matured SS2 neighbourhood in Selangor’s newest city of Petaling Jaya, for example.

Here, the combination of good food and convenient location has firmly planted its denizens to the area, making them unwilling to be uprooted.

“Young and old, people here are simply too used to and too in love with the charm of SS2 to want to make a big change,” said Selangor Dredging Properties Sdn Bhd (SDP) senior sales manager Leon Kim Yoke.

“In the past, though, this meant they had to ‘make-do’ with living in the area’s terrace houses or semi-dees… properties that may not have been able to reflect their lifestyle ambitions.”

Recognising this, and seeing an opportunity to satisfy “pent-up demand”, SDP embarked on developing Ameera Residences, a high-rise residential project that is changing the landscape of SS2.

The RM135 million venture has proven to be right on the money, having sold 45 per cent of the 290 units in its first phase within two months of launch in February this year.

Taking shape on part of an 11-acre freehold site along Jalan SS2/72, the phase will sit alongside another residential component and a commercial precinct when the whole development is completed in 2012.

Ameera Residences will feature 53 villas – including a limited number of garden and duplex units – in lowrise blocks of five- and 13-storeys as well as 237 standard units in a 30-storey tower.

Leon said the villas ranging between 1,729sq ft and 2,119sq ft and priced at RM300psf were all sold within a week of launch and to date, 30 per cent of the 1,300sqft to 1,800sq ft tower units have been spoken for.

“The fact that our most expensive units were sold first confirms our view that buyers have been pining for a more contemporary life style in SS2,” she said

“Most of them are from the area and in their 30s and 40s… successful individuals who are in the market for homes befitting their status.”

She said the tower units are aimed at newly married couples and younger buyers who want to move out of their parents’ homes and into places that can reflect their aspirations and ambitions.

At the opposite end of the spectrum, Leon said empty nesters looking to scale down into a more secure condominium lifestyle can also find their new homes in Ameera.

“As part of our plan to continuously improve our product, we’re now including lanais enclosed balconies in alt the tower units she said pointing out that they were “a popular feature in the villas”.
         
Based on the entry-level price of RM375, 000 for a 1,300sq ft unit, the Ameera Residences could appeal to households with monthly income of around RM7, 300.

Based on a 25-year loan tenure and a prevailing loan interest rate of 7.15 per cent they are looking at a monthly repayment of slightly more than RM2,400.

Apart from the lanais, which have been made eye catching with adjustable aluminium framed louvers, Leon said the other “oohs and aahs” of the tower units can be found in the master bathroom and kitchen.

“We have designed the master bath to be spacious and boast a separate shower and bath tub section, divided by glass panels and swing door.

For the kitchen, we’re fitting it with Italian styled cabinets.”

Other value added features include hardwood timber floorings in all bedrooms, eight-feet high doors large windows for natural lighting and a separate service entrance to the maid’s quarters.

The entire project will also be WiFi enabled.

“Because Ameera Residences is for those who want to upgrade into a modern lifestyle, it will have facilities such as a resort-style pool landscaped walkways, an air-conditioned gym, open air garden terrace as well as outdoor and indoor children’s play areas.”

One of its greatest lures, however, will be its security, in the form of a gated and guarded perimeter with card access at the boom gate and lifts.

CCTV cameras will be positioned at various points of the project with direct intercom connections between residences and the guard house.

In the second phase of the development, which will be launched as early as next year, Leon said high-end condominiums with larger built up areas will be offered.

The final phase will comprise commercial units fronting PJ’s Section 19 and 17 and will be connected to Ameera Residences via pedestrian bridges.

The development is accessible from the Sprint Highway Lebuhraya Damansara Puchong and the Federal Highway and is a stone’s throw from the SS2 commercial precinct.




This is the place that reflects the desires of lifestyle buyers, says Leon

[ 本帖最后由 Mr.Business 于 26-2-2008 03:56 PM 编辑 ]

tan81

不错的分享。是个上进的管理人。可以寄予厚望。
不过公司的业务则要研究，才知道如何。

实在谢谢生意兄的功课。

Mr.Business

一些资料/新闻。

Good Performance on Selangor Dredging Bhd
Tuesday, April 24, 2007 - Oriental Daily News