Author: Charles Tan
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SP Setia, latest result at 19.97 percent gross profit
I just wrote about Eco World yesterday.Read here: Eco World and its RM8.7 billion Bukit Bintang City Centre (BBCC) Thus, I must also write one on SP Setia Bhd. Reported in a few medias, it has just released it’s latest results. Pre-tax profit for 12 month period ended Oct 31 2015 is up from RM722.44 million…
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It’s always about competitiveness or nothing left
An article I read in CNNMoney got me thinking again about competitiveness. How competitive are we in the world we live today. If each and everyone of us are no longer competitive, the whole nation would lose a lot of opportunities. Have we ever wondered about the possibility of us losing our jobs simply because someone…
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Eco World and its RM8.7 bill Bukit Bintang City Centre (BBCC)
Eco World Development Bhd’s President and chief executive officer Datuk Chang Khim Wah said that the company has achieved RM3.016bil sales for the financial year ended Oct 31, 2015. This figure was contributed by four projects in the Klang Valley worth RM1.579bil, six projects in Iskandar Malaysia (RM1.213bil) and two projects in Penang ( RM224mil). With…
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AIIB: US$10 bil – US$15 bil lending per year.
I hope you read my earlier article about Asian Infrastructure Investment Bank (AIIB) which is supposed to be as big as Asian Development Bank and is objected by the largest economy of the world as potentially not being managed as professionally as some of the western based financial institutions. Read here: AIIB: Great initiative and…
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Has desperation in the property market started?
I read an article from themalaymailonline.com which a friend forwarded to me. The article started by telling people with some spare cash to buy condominiums as there are now many for sale at bargain prices. It then said that the buyers are selling because they have lost confidence about the Malaysian economy. The report then…
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Penang properties? From 9,667 units to just 3,909 units per quarter.
According to Michael Geh, the Raine & Horne Malaysia senior partner, the Penang property market in terms of number of transactions has dropped from its peak in Q4 2011 of 9,667 units to just 3,909 units in Q2 of 2015. In actual percentage, this meant that after nearly 4 years, the total transactions has actually dropped…
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Kota Kinabalu, one of the best for MICE in Asia.
I travel to Sandakan at least twice a year. For Kota Kinabalu (KK), I think I can safely put the average as once per 1.5 year. I always see it as vibrant and growing with potential for even more growth. There are not many places in the world where you get the sun, sea, mountain…
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Hard for property prices to go down lah..
I read an article in The Star quoting a few experts who gave some views as to why the prices have not been trending downwards even though the total transactions have been going down since 2014. According to Jordan Lee & Jaafar executive director Yap Kian Ann, Selangor and Kuala Lumpur have a population of 7.5…
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Wait, stop speculating. Reclamation for PTMP is NOT confirmed
As everyone has read and talked and even speculated about all the potential happenings in the Penang Transport Master Plan, the Gamuda-led SRS consortium finally said something. Earlier article here: Penang: PTMP, new airport, catalyst till 2050 Gamuda group managing director Datuk Lin Yun Ling said that the reclamation plan is still very far away. In…
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Knowledge, work harder and a good agency is critical during a slowdown
A younger friend who’s a property agent told me that he could no longer continue as an agent. Market is too slow and he is earning way too little. Thus, he wants to look for a full-time employment (9-5) instead. I do not think this younger friend can survive in a full-time employment with a…
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Highest exports in Oct 2015 since Jan 2014!
I checked. Not even one person shared this piece of news in their Facebook page. I guess this is just too small a news even if every international rating agency would always be looking at export growth before they rate any country. Plus, the exports would determine the trade surplus / deficit and if the…