Starhill Global ( former McQ Prime )

[tonylim]

Pls be reminded the EGM for the proposed purchase of 2 malls in Malaysia is on 04/June.

[winston]

Vested. Noticed that YTL has been accumulating as well.

[Stockinvestor]

Vested.

YTL to abstain from voting.

To vote for or against , any advice ?

Thanks.

[tonylim]

Will attend and vote for.
It is a yield accretive acquisition.

[Stockinvestor]

The 2 malls in Malaysia will cost extras RM 55 millions to SHG reit unitholders due to appreciation of RM against S$.

[tonylim]

http://info.sgx.com/webcoranncatth.nsf/ ... penelement


Looking at the valuation of Sungnei Wang Plaza in KL , which is just opposite of Stahill Galery and Lot 10, the value is just RM1,643 Sq. F.

Whereas Starhill Galery value at RM2,100 Sq.F. and Lot 10 RM1,700.00 Sq F. when they sold to SHG reit . Looked expensive for Spore unit holders to pay for the 2 malls in KL.

[winston]

But Sungei Wang and Bukit Bintang Plaza are low end malls.

[Chinaman]

Lot 10 is a much newer and cheaper shopping centre than the 2 ‘lao kok kok’ Malls. No logic leh.
To me its not a good deal, btw who is the agent huh?

Not vested.

[kennynah]

a small retail business owner told me very recently that there's a chance shopping centre rental may drop off soon... retail seng li not so good... he has a shop at tg pagar mrt station ... he is paying $2500/mth for a 360sqfeet area.... his 3 years lease is ending and he is not renewing... and according to him..many of his neighbours also mai jo liao...

[Chinaman]

Dat is the main reason why I dun invest in commercial properties, not to mention has to pay higher loan interest than residential. When come to collect rent like call them ‘father’, if they cannot afford to pay utilities and their worker salary, good luck to your rent..u can forget it liao.