Kuala Lumpur Residence Selayang Malaysia

Kuala Lumpur Residence (KL Apartment) @ Selayang, Malaysia

Chan Ai Cheng with a model of Symphony Heights.

HUA YANG Bhd may be a medium-sized property development company but it is generous when it comes to pampering its purchasers.

This is evident with its latest project, the Symphony Heights serviced apartment in Selayang.

It is offering six practical layouts, quality finishes and condominium facilities such as free-form swimming pool, poolside cafeteria, gymnasium and multi-purpose hall from only RM135,200.

S.K. Brothers Realty (M) Sdn Bhd general manager Chan Ai Cheng said the project had attracted more than 600 registrants, and close to 50 units had been booked just through soft selling and word of mouth.

“We expect good take-up in view of the attractive price and fantastic location after marketing begins shortly,” she said, adding that the preview launch would be July 6 to 8.

S.K. Brothers is the exclusive agent for Symphony Heights that is located off the Batu Caves roundabout, at the Middle Ring Road 2 (MRR2) and Jalan Ipoh interchange.

The leasehold project, with a gross development value of about RM160mil, comprises 946 units of serviced apartment in three blocks of 29, 30, and 33 storeys.

Phase 1 layout will include units of 863 sq ft (two bedrooms), 879 sq ft, 950 sq ft (three bedrooms) and 1,246 sq ft (3+1 bedrooms).

Chan said Symphony Heights was easily accessible to the Kuala Lumpur city centre and other parts of the Klang Valley via Jalan Ipoh and MRR2 connecting to the Damansara-Puchong Highway, Karak Highway, New Klang Valley Expressway, Elevated Highway, North-South Expressway, and Kuala Lumpur-Shah Alam Expressway.

“It is within an established neighbourhood with plenty of amenities such as hypermarkets, shopping centres, hospitals, schools, banks and entertainment and good outlets,” she said.

The project is next to the SRJK (C) Kheow Bin Batu Caves and is behind Hua Yang's earlier project, Medan Selayang (six and eight-storey shop offices) that was completed in 2005 and is almost sold out.

“It's the best value-for-money property at Selayang's finest location,” said Chan, adding that residents of Symphony Heights could also enjoy panoramic views of the Kuala Lumpur city skyline and the Selayang/Templer Hills.

Hua Yang chief operating officer Ho Wen Yan said there would be a 10% “early bird” discount, no legal fee charged for the sale and purchase agreement and RM500 down payment during the promotional period for the first launch of 544 units.

“Symphony Heights is located in a fast-growing area with direct access to the MRR2. We have designed it to cater to end-users,” said Ho, adding that the Phase 1 units had a north-south orientation, modern contemporary design and are rectangular in shape, allowing maximum use of space.

The price of a 1,246-sq-ft unit is about RM216,000 (before 10% rebate).

S.K. Brothers chief executive officer Charlie Chan said people should buy a unit at Symphony Heights, as it is not even 10% of the price of some high-end condominiums in the city centre. “And yet, this project is so accessible to the city,” he said.

Hua Yang, listed on the main board of Bursa Malaysia, was incorporated on Dec 28,

Its other ongoing projects include Taman Pulai Indah in Johor as well as Bandar Universiti Sri Iskandar and Metro Pengkalan in Perak.

Most of its previous projects are in Perak involving terrace houses, shops and light industrial factories. Its Ipoh projects include those at Taman Mewah in Tambun; Taman Tasek Mewah, Taman Pinji Wani, Taman Pinji Seni, Anjung Bercham Megah and Anjung Bercham Elit in Bercham; and some projects in Batu Gajah.

In Selangor, Hua Yang's completed projects include Taman Serdang Raya in Serdang, S.B. Jaya Industrial Park, Taman Setapak Jaya in Kuala Lumpur, and Jalan Connaught Bridge in Klang.

By The Star (by S.C.Cheah)

For more information or personal tour please contact Symphony Heights project sale executive directly by call or SMS to +6013. 291. 4402 Mr. Helmi @ Symphony Heights show unit gallery.

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Kuala Lumpur Residence (KL Apartment) @ Selayang, Malaysia

What does an audit report contain

Most audit reports on financial statements give the business a clean bill of health, or a clean opinion. At the other end of the spectrum, the auditor may state that the financial statements are misleading and should not be relied upon. This negative audit report is called an adverse opinion. That's the big stick that auditors carry. They have the power to give a company's financial statements an adverse opinion and no business wants that. The threat of an adverse opinion almost always motivates a business to give way to the auditor and change its accounting or disclosure in order to avoid getting the kiss of death of an adverse opinion. An adverse audit opinion says that the financial statements of the business are misleading. The SEC does not tolerate adverse opinions by auditors of public businesses; it would suspend trading in a company's stock share if the company received an adverse opinion from its CPA auditor.

One modification to an auditor's report is very serious - when the CPA firm says that it has substantial doubts about the capability of the business to continue as a going concern. A going concern is a business that has sufficient financial wherewithal and momentum to continue it normal operations into the foreseeable future and would be able to absorb a bad turn of events without having to default on its liabilities. A going concern does not face an imminent financial crisis or any pressing financial emergency. A business could be under some financial distress but overall still be judged a going concern. Unless there is evidence to the contrary, the CPA auditor assumes that the business is a going concern. If an auditor has serious concerns about whether the business is a going concern, these doubts are spelled out in the auditor's report.

Making a Profit Balance

Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports the profit-making activities of the business and the bottom-line profit or loss for a specified period. The balance sheets reports the financial position of the business at a specific point in time, ofteh the last day of the period. and the statement of cash flows reports how much cash was generated from profit what the business did with this money.

Everyone knows profit is a good thing. It's what our economy is founded on. It doesn't sound like such a big deal. Make more money than you spend to sell or manufacture products. But of course nothing's ever really simple, is it? A profit report, or net income statement first identifies the business and the time period that is being summarized in the report.

You read an income statement from the top line to the bottom line. Every step of the income statement reports the deduction of an expense. The income statement also reports changes in assets and liabilities as well, so that if there's a revenue increase, it's either because there's been an increase in assets or a decrease in a company's liabilities. If there's been an increase in the expense line, it's because there's been either a decrease in assets or an increase in liabilities.

Net worth is also referred to as owners' equity in the business. They're not exactly interchangeable. Net worth expresses the total of assets less the liabilities. Owners' equity refers to who owns the assets after the liabilities are satisfied.

These shifts in assets and liabilities are important to owners and executives of a business because it's their responsibility to manage and control such changes. Making a profit in a business involves several variable, not just increasing the amount of cash that flows through a company, but management of other assets as well.

Bernanke concerned with growth than inflationary worries

The most dramatic move of this session came at the expense of the US Dollar, when a major US newspaper reported that a source close to Fed Chairman Ben Bernanke stated that Bernanke is privately more concerned with growth than inflationary worries. What this equates to, as per the anonymous source, is that there is no plan for the Fed to raise rates anytime soon. This sent the EUR/USD launching to new highs not seen since everyone jumped on the Dollar bandwagon last week. EUR/USD in a matter of minutes jumped from 1.5460 to levels near 1.5520 when the news was released. Later highs in the Euro touched 1.5540, but by session's end it had leveled off near a 1.5530 level. Look to 1.5560 as a resistance level on the upside. With the ZEW index data release later at 900 GMT, the EUR/USD pair could be poised for another big move.

The GBP/USD pair came close, but did not top the 1.9685 highs made less than 24 hours ago. A strong move was made from 1.9615 to highs near 1.9673 ahead of the CPI data later at 8:30 GMT. It would seem that buyers of this pair are looking for a CPI number that will press the case for the BoE to hike rates.

In the USD/JPY pair, we saw the Dollar facing some selling pressure as well, with the Dollar coming close to revisiting the lows of the NY session near 1.0378. While never breaking the 80 level in quiet trading, it was obvious that traders were keen on locking in earlier profits on the back of Dollar strength. EUR/JPY broke the 167.80 level briefly, but was back in sideways trading by session end.

Although it would seem that the Dollar buying mindset has hit a temporary pause, it is safe to believe that many are looking to the slew of US data to be released tomorrow, including; PPI, Current Account Balance, Industrial Production and Housing Starts. Beyond that, as is now par for the course, keep an eye on Crude Oil and its wild price action to see if it can top yesterday's record highs.

Sources: Forex News

Employers Checking credit report?

An increasing number of employers are now checking credit reports prior to hiring someone. Many people do not agree with this, and feel that it is unfair. Afterall, not all people have bad credit because of mishandling their finances.

So, why do employers check your credit?

Employers believe that your credit report explains a lot about your behavior. They believe that if you manage your money right, that you’ll also perform well within your career. Although I understand where they are coming from, I don’t think a credit report can show the entire picture. There are often times when credit can be ruined under circumstances beyond someone’s control.

Perhaps employers should discuss with the potential candidates about why their credit is not up to par. What do you think?