Author: Charles Tan
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Kidex off but replaced by underground expressway?
For past few days, there has been many news report about a replacement for the Kinrara-Damansara Expressway (Kidex). Due to all the objections about Kidex which is going to be built above the ground, the suggestion was for the Kidex replacement is to be build underground. The reason is because no matter what happens, a…
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WEF: Malaysia is 18th out of 140 economies
Hey, I found another piece of news which many would either ignore or say this must be fabricated, somehow. How can a country so many said is turning into a failed state be ranked so high versus the world today? Malaysia is ranked 18th in the latest world competitiveness report by the World Economic Forum.…
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That question of ‘best time to buy?’
A reader who was buying his first property asked me a few questions. How bad would the crisis be affecting Malaysia and whether he would be adversely affected if interest rates were to increase suddenly. Thus, is this still the best time to buy? He gave two very valid examples of banks restructuring and even…
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High Speed Rail – overall summary of what’s up.
MyHSR is the new company tasked with Malaysia’s High Speed Rail (HSR). As everyone noted, the timeline of 2020 is most probably off because even the cost sharing between both countries have yet to be agreed, at least based on what’s reported thus far. The new CEO beginning Sept 1 2015 is Mohd Nur Ismail Mohamed…
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HBA: Buy property later, price is falling.
National House Buyers Association (HBA) secretary-general Chang Kim Loong said that buyers should wait because the cooling measures by the Bank Negara Malaysia is working. At the very least, hold on the purchases till next year. He specifically mentioned that the tighter lending rules and related measures are achieving their desired impact. Prices have gone…
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PropertyGuru: Negative views on property market is UP!
PropertyGuru has been conducting the The Property Affordability Sentiment Index survey for many quarters. In its latest report for H1 2015, the results are pretty negative. People’s perception about the property market’s affordability is going up the other way; they think it’s getting harder to buy a property. In fact, the people’s views were positive…
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Malls, household debts and bankruptcy?
Would you get someone who dislikes golf but likes badminton to write about golf? I think majority of everyone would answer, of course not. Well, read on then. In an article of a few hundred words and published in a local free English daily, one writer wrote negatively about malls. Actually, right from the start,…
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EcoWorld – land buy is ok, will meet Selangor government
An article about EcoWorld yesterday received lots of attention. It was about their largest purchase to date. In fact I think in terms of the land price, it would be the largest that I have ever read thus far. EcoWorld was purchasing a piece of 2,200 acres land in Ijok, Kuala Selangor. Before I could…
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Mah Sing’s luxury hotel; Ramada Encore Medini.
No international city can claim to be international if they do not have good hotels. Good meant a minimum of 5-star and most likely an international brand. Nothing wrong with local brands of course but if I am a British businessman travelling to Malaysia for the first time, I would NOT know the local branded…
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Supply continue dropping, prices should start increasing
One high profile event happened recently, CPA Australia’s CPA Congress. One of the forum included this: “Property Watch — Buy, Sell or Hold?.” Very briefly, the industry experts invited are all predicting that future increases in property prices will be happening. This is despite the current property slump in Malaysia where transactions are concerned. In…