Author: Charles Tan
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Seriously, when there are just too many malls….
In an article in The Star by Reuters, it painted a bleak picture for the malls in Shanghai. It gave many examples of empty malls and one dress shop owner said that she could not even sell one dress per day! According to official data, the retails sales have shown a sharp rebound but the…
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UEM’s ‘hibiscus’ Aurora is tallest in Melbourne CBD
When your home market is cooling down, it’s wise to venture out into hotter areas. UEM Sunrise is doing this. It will be building a A$770 million (RM2.4 Billion) mixed-use development called ‘Aurora’ in Melbourne’s CBD. At 92-storey, the development will be the tallest in the Melbourne CBD and it will have an underground connection…
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Sabah property market: A debate between minister and Shareda
State Ministry of Local Government and Housing Minister Datuk Hajiji Noor has asked the developers in Sabah to reduce the prices of some houses as the developers have been getting profit margins exceeding 30 percent for them. This is needed because the people are finding it tougher to buy a home to call their own.…
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Queue started at 5am and 800 booking within 5 hours?
Look at the photo. Read the sentences. At a time when everyone is so negative and think Malaysia is becoming the next Greece, this happened. According to the report, there were a few thousand people during the launch. Okay, I am not the developer so I cannot say for sure if the total bookings really…
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Property fair which is ‘attracting big crowds’
Are there still property fairs which are attracting big crowds? Well, according to The Star, there is one in the Tropicana City Mall. Yes, it’s the four-day StarProperty.my Fair. 14 developers are there, offering their developments to different needs of buyers. These 14 includes IJM Land, Tropicana Corp Bhd and Matrix Concepts Holdings Bhd, Ekovest Bhd, IJM…
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Ayala diversifying into Malaysia via MCT Bhd
I am not sure if it is just me but I think Malaysia has more things in common with Singapore, Indonesia and Thailand and we do not often speak about Malaysia and The Philippines together. Recent ones? High Speed Rail, Iskandar is often related to Singapore. Indonesian maids and Malaysia or even the Haze meant…
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MRT Line 2. Good news to cheer about.
Yes, it’s only going to be ready in 2022. Yes, many things can happen along the way but can any MRT lines be suddenly approved, tender starts and constructions fully completed within three years anyway? Sorry, got carried away by someone who commented that all these mega plans will only be ready in 2022, so…