James Cameron Bought Farmland in New Zealand
James Cameron Bought Farmland In New Zealand
James Cameron, the director behind blockbuster hits Titanic and Avatar has bought around 1000 hectares of farmland (reportedly valued at $20 million) in south Wairarapa, New Zealand.
One of the farms Cameron bought includes Lake Pounui, which the Bayleys real estate website describes as "possibly the finest privately owned natural lake in the country". The records show that Cameron and his family, who currently live in Malibu, California, plan to "reside indefinitely" in New Zealand, and operate both properties as working farms.
According to Green Party co-leader Russell Norman, foreigners buying up New Zealand land will see land prices skyrocket, driving it out of the hands of kiwis.
"There's a bigger issue if you look at globally productive land, particularly land that can produce food and has access to water, which New Zealand obviously is well placed, that land is becoming increasingly valuable, as the price of food is only going to go up."
Wah Seong Will Develop Oil Palm In Congo
Wah Seong indicated that it will start planting oil palm in Congo in the second quarter of 2013. Though estimated the project will incur a capital expenditure of RM2 billion (which amounts to two times Wah Seong's current shareholders' funds), and the trees take between four and five years to mature and produce fresh fruit bunches, the capex could be partly offset by forest clearance such as sale of logs.
The presence of leading plantation companies such as Sime Darby Bhd in Liberia, a country in West Africa, will effectively help to ease investors' worries on Wah Seong's decision for this venture as well. (In 2009, Sime Darby signed a 63-year concession agreement with Liberia for 220,000ha of plantation land. As of June last year, the conglomerate's planted area in Liberia stood at 7,800ha.)
According to MIDF, the main reason for choosing Congo may be the opportunity to develop huge plantations at lower costs - it estimated the cost to develop oil palm plantations in Congo at RM5,000 per ha against RM15,000 to RM20,000 per ha in Malaysia.
New Developments Will Place Sibu Jaya Township On The Tourist Map
The Sarawak Housing Development Commission, in collaboration with Amcorp Group, will invest about RM1 billion for the total development of the new Sibu Jaya township. About 106ha out of 567ha earmarked for development under the masterplan has already been developed with a gross development value of RM470 million. A 9.3ha botanical garden, planted with indigenous timber and fruit trees like the "Dabai" or Sarawak black olive and durian, would also be developed.
James Cameron 'thrilled' at making Wairarapa home
http://tvnz.co.nz/national-news/james-cameron-thrilled-making-wairarapa-home-4709636
Mixed reaction to Wah Seong’s big plantation ambition
http://www.thesundaily.my/news/289774
RM1b Sibu Jaya township to be ready by 2023
http://www.theedgeproperty.com/news-a-views/9349-rm1b-sibu-jaya-township-to-be-ready-by-2023.html
Related:
Integrated Resort City In Morib
James Cameron, the director behind blockbuster hits Titanic and Avatar has bought around 1000 hectares of farmland (reportedly valued at $20 million) in south Wairarapa, New Zealand.
One of the farms Cameron bought includes Lake Pounui, which the Bayleys real estate website describes as "possibly the finest privately owned natural lake in the country". The records show that Cameron and his family, who currently live in Malibu, California, plan to "reside indefinitely" in New Zealand, and operate both properties as working farms.
According to Green Party co-leader Russell Norman, foreigners buying up New Zealand land will see land prices skyrocket, driving it out of the hands of kiwis.
"There's a bigger issue if you look at globally productive land, particularly land that can produce food and has access to water, which New Zealand obviously is well placed, that land is becoming increasingly valuable, as the price of food is only going to go up."
Wah Seong Will Develop Oil Palm In Congo
|
Wah Seong last Friday said it will pay US$25 million (RM75 million) cash to acquire a 51% stake in Atama Resources Inc, which has obtained the rights to develop 470,000ha of oil palm plantation in Congo.
About 180,000ha were identified as suitable for oil palm cultivation and Wah Seong intends to develop the land in 10 phases over 15 years. To compare, IOI Corp Bhd's current plantation size is estimated at 229,000ha, while Kuala Lumpur Kepong Bhd owns 179,000ha. |
Wah Seong indicated that it will start planting oil palm in Congo in the second quarter of 2013. Though estimated the project will incur a capital expenditure of RM2 billion (which amounts to two times Wah Seong's current shareholders' funds), and the trees take between four and five years to mature and produce fresh fruit bunches, the capex could be partly offset by forest clearance such as sale of logs.
The presence of leading plantation companies such as Sime Darby Bhd in Liberia, a country in West Africa, will effectively help to ease investors' worries on Wah Seong's decision for this venture as well. (In 2009, Sime Darby signed a 63-year concession agreement with Liberia for 220,000ha of plantation land. As of June last year, the conglomerate's planted area in Liberia stood at 7,800ha.)
According to MIDF, the main reason for choosing Congo may be the opportunity to develop huge plantations at lower costs - it estimated the cost to develop oil palm plantations in Congo at RM5,000 per ha against RM15,000 to RM20,000 per ha in Malaysia.
New Developments Will Place Sibu Jaya Township On The Tourist Map
The Sarawak Housing Development Commission, in collaboration with Amcorp Group, will invest about RM1 billion for the total development of the new Sibu Jaya township. About 106ha out of 567ha earmarked for development under the masterplan has already been developed with a gross development value of RM470 million. A 9.3ha botanical garden, planted with indigenous timber and fruit trees like the "Dabai" or Sarawak black olive and durian, would also be developed.
| 1 hectare = 2.47105381 acre |
James Cameron 'thrilled' at making Wairarapa home
http://tvnz.co.nz/national-news/james-cameron-thrilled-making-wairarapa-home-4709636
Mixed reaction to Wah Seong’s big plantation ambition
http://www.thesundaily.my/news/289774
RM1b Sibu Jaya township to be ready by 2023
http://www.theedgeproperty.com/news-a-views/9349-rm1b-sibu-jaya-township-to-be-ready-by-2023.html
Related:
Integrated Resort City In Morib
