Quote:
Originally Posted by Unregistered
I agree.
There was a quote from a billionaire investor on property investment timing for the Singapore market that I thought was pretty insightful.
He said he would never buy into a market when the govt is intervening with cooling measures because the govt has unlimited bullets, hence the market will definitely come down - just a question of time. He would rather wait until the market falls, and the govt cine in with supportive or liberalisation measures before jumping in because its much easier to reach your destination when u have the wind behind you.
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The government has unlimited bullets but won't use them to shoot itself. If our market falls because of Europe crisis, Malaysia will be more understanding; but if it falls because of our government's policy, they may be less understanding.
After giving up the railway land in exchange for prime plots, there are many people in Malaysia waiting for Prime Minister Najib to deliver good news to them. Do you think our Prime Minister wants M+S to stand for Money+Success or Mati+Sabo?
Singapore, 27 June 2011 – Khazanah Nasional Berhad (“Khazanah”) and Temasek Holdings (Private) Limited (“Temasek”) are pleased to announce the establishment of M+S Pte Ltd (“M+S”) and Pulau Indah Ventures Sdn Bhd (“Pulau Indah”).
Owned 60:40 by Khazanah and Temasek respectively, M+S will develop land parcels in Marina South and Ophir-Rochor in Singapore. Pulau Indah, a 50:50 joint venture between Khazanah and Temasek, will develop projects in Iskandar Malaysia in Johor.
These joint developments were supported by the Prime Ministers of Malaysia and Singapore in their Joint Statements of 24 May 2010, 22 June 2010, 20 September 2010 and 27 June 2011.
Khazanah and Temasek are both committed to the successful commercialisation of these land parcels, which will include office, residential, hotel and retail components.