250,000 Units of Affordable Houses Targeted to be Approved [Malaysia]

#properties

250,000 units of affordable houses targeted by Perbadanan PR1MA Malaysia (PR1MA) to be approved by its board of directors by year-end.

According to Chief Executive Officer Datuk Abdul Mutalib Alias, to date the board has approved 153,000 units in 110 locations nationwide except for Labuan.
“We have already received a total of 1,016,000 applicants so far for the PR1MA houses, and the demand is overwhelming,” he told Bernama at the balloting for the PR1MA@Cyberjaya 1 project recently.

The session was officiated by Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah, who is also a board member of PR1MA.
PR1MA homes are targeted to middle-income Malaysians with an average monthly household income of RM2,500 to RM10,000, who are over 21 years old and do not own more than one property for individual or family.
Meanwhile, Abdul Mutalib denied that PR1MA houses, which are priced between RM100,000 to RM400,000, are getting too costly for the people.
“So far our house prices have not exceeded RM400,000, and for most projects the average price ranges between RM250,000 to RM300,000 a unit, with very few priced at more than RM350,000,” he said.
Although second-time buyers are allowed to apply for PR1MA homes alongside first-time buyers, weightage is given to the first-timers.
This gives an opportunity for those who already own a house located far from their workplace before PR1MA was established to own one at an ideal location, he added.
However, he noted that the ratio allotted to first-time house buyers compared to second house buyers could range from 9:1 to 7:3 depending on location, adding 90 per cent of applicants still do not own a house.
Abdul Mutalib said for 2015, a total of 6,240 units in eight projects will be balloted.

Source: Property Guru Malaysia 13 Jul 15

Supply Contract Submarine Cable

#BasicSupplyContract

#SubmarineCable

Generally, most of Supply Contract  (SC) in submarine cable industry are divided in the following parts;

Part 1 Terms and Conditions of Contract

Part 2 Price Schedule

Part 3 Technical Specifications

Part 4 Plan of Work

Part 5 Billing Schedule

Part 6 Contractors Documents

Part 7 Responsibility Matrix

Part 8 Permit Matrix

Once Supply Contract is signed; any changes in the Contract will be executed by CV – Contract Variations. It can be either positive CV, negative CV or zero CV.

For consortium type of submarine cable; prior signing of SC with Contractor; the Construction & Maintenance Agreement (C&MA) is signed by cable owner (project sponsor).

[Submarine Cable] Excess Capacity in 2016 ?

 

From my analysis on submarinecable map 2015 ; year 2016 will have excess capacity because about 7 cable system will RFS in that year.

imageThe capacity will enough for 10 years demand forecast by most of carriers. If you look back in year 2004-2005; the same pattern happend in the submarine cable industry. In average 10 years booming pattern.

What are strategy that carrier can adopt to ensure the capacity are utilised, generating more revenues or expedite ROI or pay back period on investment ?

I think the following approach or strategy can be adopted by carriers:

1. Pre RFS Sales ; meaning that sell the capacity in 2015 instead of wait till it is RFS in 2016.

2. Capacity swap between carriers in different cable systems with different routes.

3. Start Early Marketing –  start to contact your potential customer early ; get their forecast; co location / space required and destinations.

4. OCU – Occasional Common Use – for middle east countries may prepare for World Cup. I think that is one of reason why Ooredoo are investing in both SMW5 and AAE-1.

5.I will add more after after this  .