Ever Land & Development

Ever Land & Development Sdn Bhd s incorporated in 2001 is mainly involved in the infrastructure works and property development  business. 'We are and experienced developer in town having completed some of projects for instance Hijauan Heights, Puncak Hijauan in Bangi. 

This is Ever Land & Development Sdn Bhd's 6th financing round with Alixco P2P Financing. 

This investment note is secured by two personal guarantees, as required by ALIXCO P2P Financing. 

The funds will be used for working capital. The funds will be used in particular to contribute towards financing the pre-approval period of Ever Land & Development Sdn Bhd's major next development project. This period is marked by several months of capital expenditures for costs such as staff, marketing, legal fees / approvals etc.

'Ever Land & development Sdn Bhd is incorporated in year 2001 mainly involved in the infrastructure works and property development as its nature of business. It has since completed several projects mainly apartments and bungalows by an effective project management team that works tirelessly to maximize productivity in order to deliver high quality products to our customers. The remarkable project started with the acquirement of 20 acres of land in Taman Universities, Bangi with total development involved of four developments with total units of 1200. The very first phase was launched in 2013 consisted of 300 units of apartments on 5 acres of land carrying name of Hijauan Heights, Bangi and completed on year 2016 with 100% sold. The project was fully self-funded without any financing from the Bank. On year 2016, the second phase was launched under related company i.e Ever Land & Development Sdn Bhd with another 296 units of apartments namely Puncak Hijauan which was completed and handed over on year 2019. The project achieved 100% sales as well wand the project is financed by Maybank with total loan of RM20,000,000. The loan was fully settled and redeemed on the same year it was completed. The group continue its launching of phase three under company of E&D Asset Sdn Bhd on year 2019 with 300 units of apartments namely Vista Hijauan in Taman Universities, Bangi on 5 acres of land next to its earlier two phases. The project achieved 97% sales as of March 2021 with 7 units remains under booking. The construction has reached 35% completion overall, estimated to complete by 3Q, 2022. The group of company’s objective thus far is focus on affordable housing project, predominantly in Bumi markets. More than 95% of the previous and current projects are Bumi buyers from all the different states. The company’s aim is to strive for continuous improvement in upcoming project and emerge as reputable property developer primarily on Bumi markets judging on its existing successful achievement in Bangi.' By Ever Land & Development Sdn Bhd

Funding amount

RM 500,000.00 for 12 months.

14.28 % interest (nominal, p.a.)

Business type

Property Development 

Location

Mont Kiara

Number of outlets

Two

Number of directors

Two

Personal guarantees

Two

Year of incorporation

2001

Number of employees

11

Important COVID-19 info:

The recent COVID-19 crisis and the MCO increase the riskiness of any P2P financing. Due to the severity and uncertainty of this situation, the risk of late payments and/or loss of capital for P2P financings increases. Companies might suffer from loss of business and revenue during this time, which will affect their profitability and repayment ability. 

Additional information about Ever Land & Development Sdn Bhd: 

Ever Land & Development Sdn Bhd is 95% owned by Westgale Properties Sdn Bhd (Experian Credit score: 9 out of 10, strong credit score), which is 100% owner by one of the directors of Ever Land & Development Sdn Bhd. Mr Lau Ngee Chung,  who is also a guarantor of this investment note. 

Important risk info: 

The risk score of CA A3(‘High risk’) was determined by a blend of our internal risk-based pricing algorithm, an external risk score from a leading credit rating agency and a variety of qualitative factors. It is an approximation only and does not guarantee any specific outcome. Our risk score ranges from A(‘lower risk’), B(‘medium risk’), C(‘medium-high risk’) to D(‘high risk’).

Risk score of CAA3 (‘higher risk’)  indicates that this investment amount has an elevated-high level of risk. 

Please note that Ever Land & Development Sdn Bhd is in the property development business which is especially impacted by declining business cycles and has a high degree of riskiness. 

Ever Land & Development Sdn Bhd had a revenue of  Rm11.61mil in 2020 and RM34.23mil 2019 with a profit of - RM1.34mil (negative) in (2020) and RM1.67mil (2019). 

Additional risk information:

This is Ever Land & Development Sdn Bhd's 6th financing round with Alixco P2P. Ever Land & Development Sdn Bhd still has previously raised 5 P2P campaigns with Alixco P2P, 4 of which have been fully repaid and 1 of which is still ongoing with outstanding repayments of approx. RM 500,000 and a tenure of 12 months.

Please also note that Ever Land & Development Sdn Bhd will used the fund from this financing round to finance the pre-approval period for their major next development project. This period is marked by several months of no capital inflow and only expenditures (such as for staff, marketing, legal fees etc.). Furthermore, approvals for a new development project cannot be guaranteed and finding buyers for a new development project (if approved) cannot be guaranteed, although Ever Land & Development Sdn Bhd has a good track record of obtaining approvals and finding buyers. Both of these aspects increase  the riskiness of this investment note  i.e. the riskiness of repayment. 

Investor Fees

Alixco charges 2 % for investors on total repayments (for 12 months investment notes) only if and when repayment occurs.

'We are and experienced developer in town having completed some of projects for instance Hijauan Heights, Puncak Hijauan in Bangi. 

The funds will be used for working capital.