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Thursday, January 28, 2016

MPHBCAP - ITS MAJESTIC FLAMINGO HOTELS

IS MPHBCAP's NTA RM7.00?

We have looked at MphbCap's 1,800 Acres Land Value in Pengerang's RAPID at only 82 cents psf when it should be at least Rm50 to Rm80 psf.

Now Let's take a look at MphbCap's 2 Flamingo Hotels - both in strategic location. One only 4.3km from Petronas Twin Towers. And one in Tanjung Bungah, Penang (just meters away from the popular Penang Swimming Club in Affluent Tanjung Bungah.

1) AMPANG FLAMINGO HOTEL BY THE LAKE

Not everyone is familiar with MphbCap's Pengerang Lands but almost all Malaysians should know where is Petronas Twin Towers.

And Ampang Hotel Flamingo is located just 4.3km from KLCC Twin Towers. Another Iconic Building "PAVILION MALL" Is also 4.3km away.

Now let's take a look at the Book Value of Flamingo Hotel in Ampang, KL.

It sits on 12.28 acres prime lands. Lease hold until year 2091. Book value is Rm32.82 Millions.

Now to get its price psf.

12.28 x 43550 = 534,794 sq ft.

So 32,820,000 divides by 534,794 = Rm61.36 psf.

Amazing! Only Rm61.36 per sq ft Prime land only 4.3km from Petronas Twin Towers!!

Lands near Petronas Twin Towers current cost Rm3,500 to Rm4,000 psf or more.

So 61.36 divides by 4,000 = 1.5% ony?

The Prime Commercial Leasehold Lands of Flamingo Hotel has a value of less than 2% compared to those only 5 to 8 minutes away?



Hmmm?

Let's see. Last time I visited PAVILION MALL In Bukit Bintang, KL (Also 4.3km away)

Parking near the front lobby is Rm12 per hour. So 5 hours parking rate equals to 1 sq ft land of Hotel Flamingo?

That's the Book Value of 12.28 Lands Only. What about the Hotel, the furnishings, the lake, the boat house?

How much will the Total Assets Worth if Fully Revalued?

See the Map below:

2 Highways Pass By It For Great Access and Convenience:

KUALA LUMPUR TO AMPANG ELEVATED HIGHWAY

FLYOVER JALAN ULU KELANG - CONNECTING TO KESAS HIGHWAY

These Prime Lands Are Ripe For A Massive Make Over or Redevelopment!!







Below is a Night Picture of the Majestic Ampang Flamingo Hotel By The Lake.

Hotel guests are allowed to go fishing for tilapia, haruan, toman or freshwater patin fish.









2) PENANG FLAMINGO HOTEL BY THE BEACH IN TANJUNG BUNGAH

It sits on 101,471 sq ft Grade A Prime Beach Lands. Book Value is RM42.218 millions

Let's calculate its land value:

42,218,000 divides by 101,471 = Rm416 psf.

Current Beach Land Prices in Tanjung Bungah are between Rm800 to Rm1,000 psf.

So these Prime Lands Are Valued At 50% Less.

What About The Hotel, The Earth Works, The Piling Works, The Furnishings and Fittings for the 280 Rooms?

How Much is the Actual Worth if Revalued?

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