Author: Charles Tan
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Reconsideration of MMC-Gamuda termination for MRT Line 2
The decision to terminate MMC-Gamuda for the Mass Rail Transit Line 2 will reconsidered. This is the decision of our Prime Minister Tun Dr Mahathir Mohamad. His announcement was published in an article in TheStar. This is two days after Finance Minister has announced termination of MMC-Gamuda for the underground works for MRT Line 2. Read…
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40 years loan tenure? This is the BEST for the buyers?
SERIOUSLY, I am not sure if this is the best for buyers. I also wonder if there were consultations with working professionals like myself. Perhaps they have by far more professionals who has browsed through by far more data than me. Reported in TheEdgeMarkets.com article here, Housing and Local Government Minister Zuraida Kamaruddin said, “Bank Negara Malaysia…
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New taxes to pay debts; small kitten back to Asian tiger?
GST has been zerorized. People seems to be happy and we could see that car sales hit record levels. Earlier article here. Some car companies had to work around the clock to fulfill some of these requirements. SST has already started for slightly over one month. Well, there are debts beyond just the difference of…
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MRT Line 2: 20,000 to lose jobs, complexities from the underground works
I was wondering what will happen to the people involved in the underground work portion should MMC-Gamuda does not win the international tender which will be called by the Finance Ministry. I read the answer today. The article was in many media and one of it is this one in FreeMalaysiaToday.com : MMC-Gamuda: Termination of MRT2…
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4Ps (People): Most important property investment reason
I was sharing the 4Ps for Property Investment in Datum Galleria yesterday and the first P is People. It is beyond just population growth though. As long as the city receives a lot of travellers, that’s people too. Imagine a city which is growing and is visited by ever more people year after year. What…
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MRT Line 2: MMC-Gamuda ‘discounts’ 23 percent to the government
This does not happen often but perhaps will be happening more often in the future? MMC-Gamuda offered a 23 percent ‘discount’ to the government through its new price tag for the above-ground portion of the MRT2 project. They are the turnkey contractor and the original price tag for the project was RM22.64 billion. This was achieved through a reduction…
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KL land scam to be solved with RM120 million in compensation?
I think this is still a hot topic in terms of land sale,especially when it involves DBKL and private developers. This is especially so because it happened before the GE14. We get a little more clearer on the issue today. Remember Kepong MP Lim Lip Eng’s report with the MACC on May 16, alleging that were…
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Press Release: Datumcorp launches “#DatumHomesforAll” campaign
Press Release: DATUMCORP LAUNCHES “#DATUMHOMESFORALL” CAMPAIGN · First developer to gamify corporate responsibility with Datum Tap Game · Launches four added-value packages for homeowners and investors Kuala Lumpur, Oct 6 ~ Datumcorp International Sdn Bhd (DatumCorp), a wholly owned subsidiary of the Perbadanan Kemajuan Negeri Selangor (PKNS) has launched its #DatumHomesforAll campaign, at its Datum Galeria sales gallery located along Jalan U Thant…
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10 reasons why we will fail to buy a property.
Not everyone loves to buy a property. Some (usually the younger ones) say vacations are better than a property. The former gives FEELING of happiness. The latter merely adds debt and worry of not being able to pay on time. Plus the fact that they can show off to their peers when they post those…
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Abolition of tolls in 2-3 months. (The decision lah…)
A long long time ago, our 4th Prime Minister asked a company to build the North-South expressway. Actually, no one knows if the company will be profitable when the expressway is completed and the tolls started. That was why some people say it is a waste of money and even objected to it strongly. Fortunately,…
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ECRL? More time needed to study the benefits
Is the East Coast Railway Line cancelled or postponed? Depending on who you ask perhaps. The supporters for it will say it is merely postponed. The rest says that it has been postponed and that it has been announced formally many times. When I google for more info, I do find never ending articles about…