Wah Lau , diging ? paid bangla to do can ? haha ...
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Living in JB
- Thread starter wuqi256
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Wah Lau , diging ? paid bangla to do can ? haha ...
hey, count me in! I have been thinking of that for a long time.
We can discuss more. I was thinking we should focus on one type of plant only.hey, count me in! I have been thinking of that for a long time.
Why not , 10K is only 4K sing , can really learn a lot on this project ... good for people who like to learn how to start up biz in JB , remember seeing special programme on generation Y farmers on CH8 , look like all are doing well leh !
If we fail it , is a smaller price to pay . But with so many experts , ideas and support from members here , we should have a much better chance of sucess than one were to start up on his own . The only problem I see is how to get 50 people to work to a common goal like one big company where everyone is a small share holders ?
I think palm oil is best right ? Dont need much maintenance and harvest is just sell off to oil factory, neat and sweet .
What happen if the palm trees refuse to bare fruits ? BTW how many years it actually start to fruits ? Mallow might have the answers ...
OK , if we can gather 30 names here , we can kick off the project lor , let see :-
1) Jason
2) Lastresort
3) AP - put for you can or not ?
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I like palm trees too.
For palm trees to mature, if I am not wrong, it takes around 5-7 years. and it can grow until around 10-12 years. so it is a very long term investment. If we decide on it, we must really commit long term.
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My siblings and I inherit a 5 acre land from our late father ... now became jungle already after left ignored for many many years ... all of us so busy with our work and family life in s'pore ... even after I move to Ledang Heights end this year, still no plan to work on the land ... no experience lor
So? If really this group you suggesting will really materialize & want to get land .... hehehe ... can consider my land
Not a problem to buy over your dad land lar , BTW what is the price psf , 5 acres is how many sq ft hur ?
Also can count you in too , to make the number to 4 ?
Will be best if we have a malaysian friend like you as setting up the SDN BHD will be much easlier lor , right ?
1) Jason
2) Lastresort
3) AP - put for you can or not ?
4) fairies
hope this list goes on lor ....
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Hi Jason, 1 acre = 43 560 sq feet, so it's about 217800 sq feet. That's about 5 football fields
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Hi fairies, may I know the location of this plot, and whether it is near any main road.
We need to know whether it's near newly developed area, maybe can convert to residential land. Also, we need to know whether there's potential to buy the surrounding land. it will be good to have economies of scale.
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Quick search for est prce per acre 180K , so 5 acres abt 900K liao ! Look like we need at least 1M to 1.5M to do a good job leh ....
" FREEHOLD AGRICULTURE LAND FOR SALE. TOTAL AREA: 67.997 ACRE. SELLING: RM180,000 PER ACRE(NEG). ALONG MAIN ROAD FROM JEMENTAH TO SEGAMAT. 2KM AWAY FROM JEMENTAH, 14KM FROM SEGAMAT. LAND PLANTED WITH CINTAN TREES. SUITABLE FOR RESIDENTIAL/COMMERCIAL DEVELOPMENT. TEL: LAWRENCE- ....
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haha, actually no. Agricultural land is only a fraction of residential land. residential land in Seri Austin is selling around 35 psf, LF/HH around $55-65 (gated and guarded residential land) (if i remember correctly)
It depends on the accessibility, location and nature/condition of soil, topography and climate, Agri land can be as cheap as 20 sens psf in East Malaysia, or as high as RM10 psf in certain parts of JB, RM8 psf in Batu Pahat.
Commercial land near KLCC can be as high as RM1,600 per sq ft. http://www.btimes.com.my/articles/waypengf/Article/
So we can see the difference in land pricing!
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I see , think I am fucking sotong lor ! Do you think our plan is feasible and profitable ? We can leave out detail until a later date lar , work on concept first ... and get people interested to come forward for disscussion , then can come out detail biz plan mah ....
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haha, don't say that, we're all here to learn, I am also not totally sure if I have said correctly.
okay, i think we need an objective first. I am not an experienced businessman but I know doing this don't require MBA haha! we just need a lot of local knowledge.
To be honest, i have heard from the locals that those who bought land decades ago are able to make a lot of profit, but because land prices have increased by a lot, new entrants may not be able to make much profit and some don't survive, so it is important to know this from the start. Also it is not easy to find a willing buyer for agri land that is far out, so if we decide to exit, it may not be easy. Prices really vary a lot and do not appreciate much, so if we do not find a good suitable land at reasonable price, we can forget about even starting.
If our aim is to maximise profits from agri output, the most ulu but accessible place seems to be the best, however, once you have made up your mind to do it, it's gonna be a long commitment.
If our aim is to buy agri land that is near newly developed area and have potential to convert to residential land. then we can become a small developer and count cash at home (it's a super long process and such land are expensive, so it's risky). There's this small developer who started out like that and not many are able to do it right. But of course there's more restriction for foreigners.
just my opinions haha
Like you say, worst come to worst, it's just a few grands to lose if we can find many who are willing.
okay, i think we need an objective first. I am not an experienced businessman but I know doing this don't require MBA haha! we just need a lot of local knowledge.
To be honest, i have heard from the locals that those who bought land decades ago are able to make a lot of profit, but because land prices have increased by a lot, new entrants may not be able to make much profit and some don't survive, so it is important to know this from the start. Also it is not easy to find a willing buyer for agri land that is far out, so if we decide to exit, it may not be easy. Prices really vary a lot and do not appreciate much, so if we do not find a good suitable land at reasonable price, we can forget about even starting.
If our aim is to maximise profits from agri output, the most ulu but accessible place seems to be the best, however, once you have made up your mind to do it, it's gonna be a long commitment.
If our aim is to buy agri land that is near newly developed area and have potential to convert to residential land. then we can become a small developer and count cash at home (it's a super long process and such land are expensive, so it's risky). There's this small developer who started out like that and not many are able to do it right. But of course there's more restriction for foreigners.
just my opinions haha
Like you say, worst come to worst, it's just a few grands to lose if we can find many who are willing.
Same feelings here.
I had tended to my garden.... but mainly pots and ornamental plants (american hybrids) from Sec1 to the completion of my U in my landed home bungalow.
Then when i returned home after a couple of years my parents had given all the plants away for various reasons:
1) no one to take care/nurture them
2) no one to fertilise them/ replant them/repot them
3) no one to clean all the leaves and polish them to make them look shiny...
4) mosquitoes..
now i am off ornamental plants (except my pines)... more into useful plants...
I had tended to my garden.... but mainly pots and ornamental plants (american hybrids) from Sec1 to the completion of my U in my landed home bungalow.
Then when i returned home after a couple of years my parents had given all the plants away for various reasons:
1) no one to take care/nurture them
2) no one to fertilise them/ replant them/repot them
3) no one to clean all the leaves and polish them to make them look shiny...
4) mosquitoes..
now i am off ornamental plants (except my pines)... more into useful plants...
For now i do mine along the corridor, not as extensive as how i wish it to be. I gave up my entire garden and donated to a friend's dad. 2 lorry full of plants. very heardpain but at least once HH is ready, i will go over back to his place and do transplant on the plants bit by bit. eating our own produce gives us full satisfaction.
Not sure whether to said you are lucky or unlucky....you are not the first msian I know inheritted agri land of about 5 footbal fields. A frenz of mine also own one in East M'sia. I said make it into retirement village , then we can rent his place for months/years when we are ready . Maybe should consider renting the place for planting veg meantime , that would be low risk and send to SG . One of my colleague family is doing that. Tree tends to bear fruits slower. Veg and poultry will be faster. I remember planting seven mango trees and a durain tree when young. The durain bear fruit at year 15 years when we were shifting out. Of course you could use marcotting method , shorter but start up higher.
Anyway you need to organize a site tour first lah. How to make feasibility study without site observation ? What kind of soil also affect what to plant. Water source also need to consider. Site supervision also needed.
Actually I would very much like a rustic farmstay in Johor , not sure if any one already planning to consider that.
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Wah! Didn't expect my post attract serious responses so fast!
The land is not mine alone, but owned together with all my other siblings .... so actually cannot make decision myself
There's absolutely no plan at all for the land ... neither sell, lease out, farm, develop nor anything ... our family just don't have time to even think or discuss about it. But you guys somehow gave me few ideas that may be interesting to think about
It's 5 acre like I said, specifically mentioned in the title deed to be used solely for planting rubber trees ... few hundred metres from the new bridge at Pasir Gudang crossing to Desaru. Maybe wait few more years until land price in the area rises, then sell off. Just maybe
Hey aangsc , mallow and wuqi can count you guys in or not ? Without your expertise things might not goes so well leh !
Lastresort , think you 2nd option is better lah , can farm and hope for land to be converted to residential ....
I think need to setup a SDN BHD with say capital paid up of 1M , all shareholders be issue with share certificate right ? Then can appoint a working committee to go look for land , equiptment , workers ....etc .
All the progress, meeting , reports can be update at a website setup for this purpose. Can alway change or rotate working commitee every year if members not happy with performance . Accoutability is the key too !
Lastresort , think you 2nd option is better lah , can farm and hope for land to be converted to residential ....
I think need to setup a SDN BHD with say capital paid up of 1M , all shareholders be issue with share certificate right ? Then can appoint a working committee to go look for land , equiptment , workers ....etc .
All the progress, meeting , reports can be update at a website setup for this purpose. Can alway change or rotate working commitee every year if members not happy with performance . Accoutability is the key too !
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Thanks Jasonjst for the kind offer. I know you and Fairies meant well.
There has been more than a few cases of issues arising from business ventures and sales on this website. Others have also warned about possible cheating cases before on other threads.
As such, i would seriously say unless you know anyone personally, otherwise refrain from any such business ventures.
If you must, then go and get a copy of everyones NRIC who are going to be involved and verify the background before even going forth. The person who owns the land would also need to show the deed and relevant tax documents on the land so that the ownership can be proven.
At least then if something goes wrong, we can utilize the necessary connections to take action..
There may also be an implementation of LLP in Malaysia in the later part of the year with arguably more benefits and less issues than incorporating a company. For those keen to start a company, do remember the necessary filing and secretarial stuff to do resolution, minutes to avoid the heavy penalties.
The idea is very feasible and really attractive, the only issue is on the division of the responsibility/liability and most importantly the trustworthiness of the individuals here as most of us don't know each other in real life. For those who know me, some commented i am the exact person online as in real life but thats just me. If its for agricultural, you would need to find out how to overcome the shortage of labour. Its very difficult to get labour here these days even if you are willing to pay more. A learned lecturer of mine (bless her soul) wanted to set up one early last year, we went as far as to find out all the stuff required for this but in the end she decided not to.
Even the owner of the land i went to told me its very difficult to find workers to maintain and to harvest. There is also the problem of finding if there are existing squatters, source of water for irrigation, condition of the land/top soil, etc. All these needs to be looked into, its less riskier if one considers something like a wellness village, etc.
Again, i would recommend having a D&B report or a back ground check on all the individuals who are joining in this venture.
Just being able to meet up to meet and discuss this in SG would already discount some characters who cannot come back to SG and act as the first level of filter.
Even the owner of the land i went to told me its very difficult to find workers to maintain and to harvest. There is also the problem of finding if there are existing squatters, source of water for irrigation, condition of the land/top soil, etc. All these needs to be looked into, its less riskier if one considers something like a wellness village, etc.
Again, i would recommend having a D&B report or a back ground check on all the individuals who are joining in this venture.
Just being able to meet up to meet and discuss this in SG would already discount some characters who cannot come back to SG and act as the first level of filter.
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