Author: Charles Tan
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Market is slow? Well, Mah Sing launching 6 new projects.
I seriously do not believe there are developers not affected by current slowdown, no matter how established they may be. There are many projects for which keys have been handed over but the developers are still selling remaining units. It does seem that the market is doing extremely badly? Well, if we are to look…
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Still about Sky-Cab? Okay, three questions.
I wrote about Sky-Cab before. Here: CableCar, Tunnel, LRT, more roads and PTMP. Action! Well, nothing was reported until recently. I still do not see the economic reasons for Sky-Cab. Let’s ask three questions instead so that I get a clearer picture to decide I should support this Sky-Cab or should I not support it? From my writings on…
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Selangor Dredging Bhd (SDB) and Rumah Selangorku
It’s always a big thing; affordable housing. Somehow, everyone just want something new and hopefully in an area they like plus the prices should be affordable enough. There are many variations to affordability but according to the one in Selangor, called Rumah Selangorku. Please refer to the chart beside. The prices ranges from RM42,000 to…
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Ensure growth, maintain fiscal deficit target.
Under the recalibrated budget 2016, there were 11 measures to do two important things. Ensuring growth by encouraging it and maintaining the fiscal deficit goal of 3.1 percent for 2016. The new budget would be based on oil price staying at around US$30 – 35 per barrel. This is a big change from the previous…
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Property bubble in 2016? Huh?
Would falling demand in 2016 cause a potential of a property bubble? Well,I read this from an article in a foreign owned media a few days ago. I disagree, at this juncture. First question, is it true that there are no more demands? Second question, is it true that every property we can find whether…
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Bukit Bintang City Centre, launching second quarter 2016
Whether you are the government of the day or a top developer or even potential property investors, what would you do to a piece of land with a prison on it? Haha. You know the answer, you move it away and redevelop the land.That’s Bukit Bintang City Centre. A joint development by UDA Holdings Bhd,…
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STP2: RM1.078 billion to reclaim, GDV of RM25 billion
I stayed in Tanjung Bungah for 1 year plus and I loved my time there. However, it was only a rented home and when I needed to buy, I bought in Relau instead. Yes, it was because of affordability. Today, the focus is next to Tanjung Bungah, it’s on Seri Tanjung Pinang which is now becoming…
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Increasing liquidity and maintaining rates
After Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 3.25 percent and reduced the Statutory Reserve Requirement from 4.00 to 3.5 percent, the market sort of turned positive. Well, according to Credit Suisse, BNM is ‘treading a thin line.’ It’s economist Michael Wan said said that if the market interest rate structure…