Lowyat.NET: Latest topics by chess_gal

D'Pristine @ Medini. Iskandar

Thu, 01 Jan 1970 07:30:00 +0800

D'Pristine @ Medini. Iskandar

chess_gal — Sat, 11 May 2013 01:18:49 +0800

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D'Pristine Medini is the latest mixed development project in Iskandar Malaysia and is located in Medini, Nusajaya. Medini is the only location in Johor where foreigners are eligible to own property worth below MYR500,000.

The project consists of:
■A 3/4 Star Hotel with 300 rooms
■3 Storey Retail mall with 163 shops for retail and F&B outlets
■2 Residential Towers (35 and 37 storey) with total 1,184 units
■32 storey Grade A Office Tower.
■The Residential units will be open for sale in late May 2013 with expected average pricing of RM650psf. Prices starting from RM4XX,000 onwards.
■Medini is the only place in Iskandar where foreigners are eligible to invest below RM500,000 hence we expect this project will be highly in demand.

Why Medini?

Medini is the future Central Business District (CBD) for Iskandar Malaysia and the Malaysian Government has introduced a number of incentives including:

For Businesses/Business Owner
■10 years tax free for businesses or
■100% Investment Tax Allowance for 5 years
■Zero property gain taxes for property up to year 2020
■Zero tax on rental income up to year 2020
■Zero tax on sales of land up to year 2015

For Foreign Knowledge Employees
■Flat income tax rate of 15%
■Zero import duties for purchase/import of cars

Medini is also near to Puteri Harbour and the ferry terminal to Singapore and is also just a 10-15 minute drive away from the 2nd Link at Tuas.

Why d'Pristine?
■Located between East Ledang & Puteri Harbour
■10 minutes away from the Tuas 2nd Link to Singapore.
■Sitting next to Legoland & Mall of Medini
■Opposite Urban Wellness Project by Capitaland
■5 minutes walk to Gleneagles Medini Hospital
■Temasek-Khazanah office tower just 200m away

As we are the only authorised agent (but based in Singapore), we will do a presentation in KL soon. PLease contact us via email
contactus@alphamarketingsg.com or mobile +65 8126 1626 (Ryan) or +65 9182 3922 (Melissa)

www.dpristine.com

30 yrs old Msian Investor on SG Business Times

chess_gal — Tue, 19 Feb 2013 18:45:34 +0800

Source: The Business Times © Singapore Press Holdings Limited. Reproduced with permission Author: Cai Haoxiang 18/2/2013

http://www.cpf.gov.sg/imsavvy/infohub_arti...368126}&print=1

http://www.businesstimes.com.sg/specials/y...es-all-20130218

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MOST investors live by the virtues of diversification - that is, not putting all your eggs in one basket.

Not Ryan Khoo Chung Ming. The 30-year-old bought his first apartment in his native Malaysia in 2007 when looking for a place to stay. Then, the market was not as buoyant. He spotted an opportunity for studio apartments and bought more and more, maxing out his borrowing limits.

He even moved to Singapore in 2009 to get a higher-paying job so he could borrow even more.

Today, he owns 13 apartments in Kuala Lumpur, a studio apartment in the United States, a studio apartment in Singapore, and has also invested in an office unit in Johor Baru and a hotel floor in KL. The total value of his portfolio has gone up and is now worth RM10 million (S$4 million). Half of the portfolio is yield-generating, with the remainder under construction.

Like many who buy property, he is highly leveraged, borrowing more than RM8 million. But with rental income more than covering his mortgage payments, Mr Khoo quit his bank job to focus full-time on his property investment club, Alpha Marketing.

Says Mr Khoo: "After my first rental unit, I saw I could get attractive returns. I thought, why buy one, I should buy more, it was such a waste. I knew I can still borrow, so I borrowed more. I bought units in the same block together with friends," he says, adding that stocks were too volatile for him.

"When you're young, you can take the risk, don't diversify. If you're trying to make it, you should be a bit more focused," he adds.

Mr Khoo grew up in Petaling Jaya, a city near KL, in a middle-class family. His father worked in the navy, and his mother was a housewife.

"Growing up, I had an idea to do business. But the expectation was to go to university, get a good degree, get a job, buy a house, get married, settle down and have children," he says.

He graduated in end-2004 with a degree in electronics engineering. "Things were tough for engineers, the pay was lower. I didn't feel I had the aptitude to get ahead in the industry. So I joined something with bigger prospects," he says.

He joined Standard Chartered Bank in 2005 as a loan product manager, with a starting pay of around RM3,000 a month.

Valuable experience was gained in the process, which he later used to his advantage. "I learnt that loan approval depends on your income and employment, your age, I learnt about debt service ratios that banks use to determine how much to lend to you," he says.

In 2007, he was looking for a place to stay and found a three-bedroom, 1,100 sq ft apartment in the KL suburbs for RM300,000. By that time, he was earning around RM5,000 to RM6,000 a month.

The downpayment was just 10 per cent, or RM30,000 - easily paid for with saved-up cash. Then his colleague, who is also his age, told him about one-bedroom apartments. He thus bought his first investment property - a 380 sq ft one-bedder.

The studio apartment, near KL's city centre, was going for RM170,000 and could be rented out for RM1,800 a month. This translates to a gross yield of more than 12 per cent.

"Those were the days when property investing wasn't so sexy," he recalls.

"We found there was a shortage of supply of one-bedders in the city centre. But expats need a place to stay. So we bought more studios, together with friends. We bought whatever we could find. We bought till we ran out of money."

In 2008, he bought four more units, each costing around RM200,000. The downpayment for each was either 10 per cent, or lower than that for properties where owners were financially distressed.

"I ran out of money, my income hit the borrowing limit," he says.

Mr Khoo thus transferred to his bank's Singapore office in 2009. His father helped him manage his properties in KL. In 2009, he bought one more studio unit, in 2010, five more, and in early 2011, two more.

Last year, he bought a 590 sq ft studio apartment in Singapore that cost SGD$650,000 (MYR1.63M) . In early 2011, he started Alpha Marketing with his girlfriend Melissa Low, a finance executive.

"I realised Singaporeans lacked knowledge about buying properties in Malaysia. They know more about property investing in Australia and the UK than in their neighbouring country. There is a lot of suspicion. But I want to show that it's not difficult," he says.

"Agents bring leftover stuff to sell here. I want to stay here and serve a certain market segment: Malaysians here go back often but are out of touch, and Singaporeans who want to invest in property but find Singapore hard to invest in, and the UK, Australia and the US too expensive."

Last year, he thought about quitting his job and living in Malaysia off his rental income.

"But my mum told me, you are only 30 years old, why do you want to quit and live like that for the rest of your life? She told me to continue working.

"But after working for so long in a bank, I didn't like the thought of politics and ladder-climbing in larger companies."

Hence the decision to quit his job last December and focus on his club. "It's a passion," he says simply. Mr Khoo is now a licensed sales person under ERA Realty Network.

Alpha Marketing began through sharing sessions over dinner. It grew by word of mouth and social media, and eventually started organising seminars on property investing. Now, there are 1,000 on the mailing list, out of which 100 are active investors. "Membership is free but we make money off deals," he says.

"I can't do this alone. Having partners mean having a network, sharing information, and we can work together to buy. We try to be selective, we want to avoid selling leftover, overpriced property."

Buying property in a club allows investors to buy bigger properties like office space and hotel buildings. High net worth individuals who want to stay low-key also go through him to get more financial firepower for the deals they are doing.

Says Mr Khoo of his plans: "I don't have a target as to how much I want to acquire. I want to get some prime property in Iskandar, and build a name for myself as an expert on Malaysian property."

He is bullish on the Iskandar region, which both countries see as an alternative for Singaporean businesses, and a location that is just an hour away.

"In five years' time more Singaporeans will want to stay there, instead of Johor Baru where there are still worries about crime," he says, noting that the infrastructure there is being developed well.

Now, Mr Khoo's rental income adds up to around SGD$3,000 (MYR7,500) a month after deducting loan repayments and maintenance fees. He also earns commissions from property deals.

"I would call myself thrifty. But if I want to upgrade my lifestyle, this is not enough," he says.

He says property prices have gone up in Malaysia and Singapore and it is harder for investors to find attractive buys now. Even though his investments are highly leveraged, he is undeterred. "If the market falls, I can cut rentals and still break even," he says.

"But it is not so easy now. Developers are building a lot, and supply is coming up in Singapore and KL. So I might try to cash out in 2016 or 2017."

http://www.alphamarketingsg.com/index.php/medianews

Sunway Flea Market

chess_gal — Sun, 13 Sep 2009 00:53:21 +0800

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Event: Sunway Flea Market
When: Every first Sunday of the month
Where: Sunway Lagoon Club (See Map)
Crowd: Sunway Uni students and residents
Rental Package: RM30 Per Day (Outdoor) or RM60 Perday (Indoor)
Electrical point: RM10 per day
Next Event: 4th October 2009

Rental Space: Inclusive of 1 Table (2” X 5”) & 1 Chair
(Please be noted that location & booth number will be on draw on the event Sunday at 9am –9.40am)

Hours of operation:
• The flea market operates from 10.00am – 7.00pm, first Sunday of each month
• Setup begins at 9.00am and must be completed and ready by 10.00am.
• If you are unable to attend the flea market, you are required to contact the organizer at least seven (7) working days in advance
• All vendors are MUST stay opened until 7.00pm unless prior arrangements have been made with The Sunway Lagoon Club (herewith referred to as ‘SLC’) Management

PLease pm me or email me @ chess_gal@hotmail.com

I am one of the vendor there.

www.drinkzenterprise.blogspot.com

My booth[attachmentid=1194392]

[addedon]September 14, 2009, 11:07 pm[/addedon]upz

WTFind: Pastry Suppliers

Thu, 01 Jan 1970 07:30:00 +0800

Looking for Soya Milk Supplier

chess_gal — Sun, 31 May 2009 15:14:57 +0800

I just opened a beverage take away counter, due to limitation of space and budget, I dun have a fridge to store my things. I also do not have running water for washing (so making it myself is out of the question). Hence I need regular daily supply of soya milk.

Anyone has any contacts?

Thanks

Dance School

chess_gal — Tue, 05 May 2009 11:53:12 +0800

Hi All,

I am posting on behalf of my sister who is completing SPM end of this year.

She has little interest in studies though she scored 6As for her PMR but she didnt do well in her form 5 mid-term.

So, I was thinking to enrol her into some dance school, and be a dance instructor. She has background in hip-hop and breakdance. She performs at functions once in a while and also a cheerleader captain for her school.

Am open to local and oversea

Appreciate any feedbacks.

How audit firms cope with the recession?

chess_gal — Tue, 24 Mar 2009 16:50:11 +0800

Auditors usually work round the clock and the only consolation they have is the number of OT that they charge to be converted into time-off. However, given the current economic turmoil, many audit firms have taken measures to reduce/abolish OT, freeze promotions and reduce increment.

In the past, accounting graduates are in demand with Big 4 competing with each other to lure graduates with competitive salary, however in light of this problem, Big 4 has also taken drastic measures.

In times like this, do you think you have heavier workload? More checks to be done thus clocking more OT? Is your client really affected? Is your company charging higher audit fee?

As our work is rather confidential hence pls do not reveal the name of the audit clients.

As what is published in the newspaper:

Source: http://www.channelnewsasia.com/stories/sin.../403783/1/.html

» Click to show Spoiler - click again to hide... «

The above did not mention that the OT policy was abolished, in my opinion abolishing OT is like working for free. It is not just 2-3 hours we are talking here, but up to 100 over hours a year. Is it fair? I would prefer to have my salary cut rather than working for free. Time-off is the only time to re-energise myself, but having this privildge being taken away, i cant see how it helps to effectively reduce cost since the OT cannot be encash.

I could be wrong.
As there are indeed too many hearsay and rumours in the market, I hope this topic can shed somelight into the audit world.

Bubble Tea Business

chess_gal — Sun, 30 Nov 2008 16:17:19 +0800

Hey people,

I am keen to start up a bubble tea stall in Kajang but not sure how much do i need? ANy entreprenuer around?

I need ideas how much is the day to day operating cost and how much can i sell my drinks for.

Back in Singapore, where i am working, the drink ranges from S$1 to S$1.80.

Appreciate any comments, negative & positive.

Clubbing Cum Charity Event 7 June 2008

chess_gal — Fri, 06 Jun 2008 21:39:56 +0800

My friend,

Yeap EuJuan is organing clubbing cum charity event for Myanmar Cyclone victim this Sat (7 June) 9pm to midnight @ mardi gras, 1Utama. To donate/ come, pls call him at 0163533555.

http://www.facebook.com/profile.php?id=639936212

On behalf of Eu Juan,

Chessgal

SHIRLIE88- Refund made. Thread to be closed soon

chess_gal — Sun, 14 Oct 2007 16:37:10 +0800

This gal here

Wong Yew Yung

SHIRLIE88

shirlie_wyy@hotmail.com

http://profiles.friendster.com/12097494

PARTNERS IN CRIME
James Teo Soon Meng
No.1, Lot 3029,
Jalan Rejang, Miri

Here is the bf james msn : subaru_ks_666@hotmail.com
Birthdate : Oct 18, 1986
Maybank Account number : 111011188243

Current address in Seremban :
149 Jalan College Height 3,
Taman College Height,
70400, Seremban
Negeri Sembilan

IC: 861018-52-6559

HP: 016-3716777

started out as a genuine young girl taking orders for a clothes spree. But later after 3 MONTHS OF DELAY, She gone mysteriously and gave a whole lot shit on the delay and quality of the clothes. Many buyer did not receive their clothes while the lucky ones get their item in a VERY DISSAPOINTING condition.

She refused to come out,

So i have no choice but bring this up.

I have paid RM200 for the items but was not delivered.

http://forum.lowyat.net/topic/495088

Thanks

Chessgal

LIST OF CUSTOMERS AFFECTED
evefan1610 paid RM29+RM128+RM318
009(Grey) RM23 ---------Receive
HS784(Pink) RM22 ------Receive
HS784(Black) RM22 -----Non Receive
900(White) RM26 -------Receive
389(Black) RM23 -------Out of Stock (Receive shirlie88 $$)
2888 RM28 --------------Out of Stock (Receive shirlie88 $$)
904(Purple) RM26-------Receive
372(Pink) RM22---------Receive
807(Green) RM24-------Receive
L052(Black) RM26-------Receive
787(Rice) RM25---------Receive
018(White) RM26-------Receive
502(Apricot) RM23------Out of Stock (Receive shirlie88 $$)
017(Purple) RM27------Non Receive
384(Pink) RM27---------Receive
804(Green) RM30-------Receive
HS089(Yellow) RM27----Non Receive
404(White) RM25-------Receive
Total RM452
Postage

roxzen
6761(Black) RM26
6830 RM31
Total RM57

wschan
amount paid=rm100
total to be refunded(out of stock)=rm55

Chessgal
900 白色 RM26
908 粉色 RM23
882 粉色 RM29
901 黑色 RM26
385 黑色 RM23
773 红色 RM28
07S-089 RM33
L005 咖啡色 RM28
904 绿色 RM26
770 红色 RM24
323 黑色 RM27
L052 黑色 RM26
387 杏色 RM22
781 白色 RM29
304 灰色 RM28
RM 398 + 16(POSTAGE) = RM414 (PAID HALF) = RM200

Obtained from Shirlie88 thread

» Click to show Spoiler - click again to hide... «

What POS system for small retail outlet?

chess_gal — Thu, 07 Jun 2007 14:42:50 +0800

Hello people,

My dad owns a small lighting shop and being a China-man kind of person, everything is in manual. I plan to implement some Point-of-Sales software to keep track on the inventory instead of doing stock check every few months. Anyone has an idea on what kind of POS is easy and cheap?

I welcome quotation! Thanks!