Tuesday, 26 Jan 2021 11:24 AM MYT
By Kenny Mah
Krave Koffee is adjusting to the new normal by using a delivery-only coffee business model. – Pictures courtesy of Krave Koffee
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KUALA LUMPUR, Jan 26 For coffee enthusiasts, getting their cuppa via delivery can be a game of chance. Will the coffee still be hot (or cold)? Will half the liquid have spilled? Will it even be good?
Krave Koffee, a delivery-only coffee business founded by a trio of friends (Kenny Yap, Foo Ken Vin and Sean Lee), hopes to improve those odds. All three are existing business owners but this is their first venture together.
Sunway Bhd is looking to launch Tower C within its 8.5-acre Sunway Velocity TWO in Kuala Lumpur by the end of this year, according to Chong Sau Min, executive director of the group’s central region property development division.
The RM2 billion Sunway Velocity TWO, which was unveiled in 2018, is located diagonally across from integrated development Sunway Velocity on Jalan Peel, Cheras. About 70% of Sunway Velocity TWO will comprise residential units. In contrast, three quarters of the 23-acre Sunway Velocity is made up of commercial units.
Sunway Velocity TWO will be divided into three plots. The 3.89-acre Plot A will have two residential blocks (Towers A and B), an office tower and retail units. Plot B will have two residential blocks and retail units while Plot C is a commercial component. Sunway is keeping the office tower and retail units to control the tenancy mix.
Much will depend on the investor’s risk appetite and investment time horizon.
Industry players who spoke to
Wealth suggest that, as a rule of thumb, P2P financing as an asset class tends to fall between fixed income and equities in terms of risk-return.
The asset class has a higher risk-return compared with fixed income because of the type of business being financed: small and medium enterprises (SMEs). SMEs tend to be riskier financing propositions in general. Concurrently, the asset class is less risky than equities because investors do not have to worry about capital depreciation (share price movements). But, P2P returns are not expected to match that of equities.