Please be informed that the next Yayasan Meeting is to be
held at Mak Yah’s house on the 26th of February 2010, 4.30pm.
Attendance is compulsory. Item to be discussed is to vote on the 3 options to
redevelop the land at Kg Manjoi.
Option |
Procedure |
Scenario |
Advantage
|
Difficulty Level |
Risk Level |
Possible Timeline |
1 |
Valuate the land and obtain funds to redevelop the land
into a revenue generating income. |
1.
Obtain valuation of the land 2.
Decide on ways to redevelop the land. Possible
options include a.
HomeStay b.
rebuild the existing house to be rented out 3.
Develop business model and cashflow analysis 4.
Vote on the option 5.
Obtain loan to execute the option using the
current land valuation as collateral 6.
Income is not guaranteed and is tied to the
success of the business model |
1.
Generate income and employment for the Yayasan 2.
Land stays with the Yayasan
3.
Complex business model |
High |
High |
It might take a minimum of 24 months to see any
development on the land. |
2 |
Valuate the land and obtain a loan to purchase a rental
property in KL |
1.
Obtain valuation of the land 2.
Obtain several quotations to purchase
apartments in Klang Valley 3.
Develop a business model and cashflow analsys
4.
Vote on the option 5.
Obtain loan to execute the option using the
current land valuation as collateral 6.
Rent out the property. The monthly Property
Rental should be at least 12% higher that the monthly loan repayment. For
example, rental per month is $2500. Loan per month is $1500.
7.
Rental income is guaranteed for at least 12
months |
1.
Recurring income 2.
Long term income for the Yayasan 3.
Land stays with the Yayasan 4.
Simple business model
|
High |
High |
It might take around 12 months to purchase a new |
3
|
Valuate and sell the land |
1.
Obtain valuation of the land
2.
Sell the land to the higher buyer 3.
Divide the sale proceeds equally to all 10
siblings who’s name is on the land title. |
1.
One-off return. No recurring income 2.
Fastest result |
High |
High |
It might take around 12 months to obtain a suitable buyer |
