Author: Charles Tan
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East Klang Valley Expressway (EKVE) approved, BUT..
Expressways MUST be built in advance in anticipation of potential jams. Approvals should best be based on decision science and not political science. Well, one latest one which has attracted lots of attention is the East Klang Valley Expressway (EKVE). EKVE has been approved by Ampang Jaya Municipal Council (MPAJ). The approval comes with a few…
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Penang property market getting bigger and exciting
I think Penang property market is starting to get more advanced. There was a time when developments were just a few hundred million in terms of gross development value (GDV). Then the bigger players arrived and bought huge pieces of lands. There are now more integrated developments. On a yearly basis, if we use Q1…
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Eco World: Still confident of 2015 target and BBCC update
It’s not good news when developers say that they are revising their targets downwards. There are quite a number actually. However, one of them, Eco World said that it is confident to hit its sales target of RM3 billion this year. This is because of the number of township projects it has currently. In fact…
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If 53 tenants decided not to renew, time to worry?
If you did not know, WCT Holdings is the builder of the Paradigm Mall in Kelana Jaya and KLIA2. The ‘airport within a shopping centre,’ like what has been mentioned by many people sarcastically. To be honest, I seriously think all airports should follow this design. Whether it’s a mall within an airport or the…
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South East Asia Property Awards (Malaysia) – Who are the potentials?
I always think awards help to highlight the efforts from developers. Since most of the time the judges are considered the who’s who in the industry, the nominees are painstakingly chosen from all the entries. Buyers benefit too because the award winners definitely have something special to offer when compared to the industry. Let’s be…
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Is there really such a thing as BBB today?
BBB has nothing to do with Malaysia’s rating. It’s a term in the property market called buy, buy, buy. I think it must have started during the crazy times of yesterday. When queues started days before. Well, I read from quite a famous Facebook property page that a new property is about to be launched…
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Mah Sing and Seremban land buy? Cancelled.
One of Malaysia’s largest developers, Mah Sing has announced that it has cancelled its purchase for a piece of freehold land in Seremban. It has sent a letter to the vendors seeking for the refund of the 10% deposit paid earlier as the purchase consideration. It said that, “The SPA is void and/or rescinded, due to,…
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Another 5 theme parks in Iskandar?
How many theme parks do we need to have in Iskandar before it’s too many? I think this is a subjective question right? If there are five water theme parks within the same area, that’s too much. If there are five different theme parks with different entertainment value, it should still be okay. What about…
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Staying for 50 years, landowners should pay ‘adequate compensation’
I read a piece of news about Penang which got me thinking. Should illegal squatters be compensated because they have been squatting for more than 50 years when the landowner decides to do something with the land? If yes, what would be a proper or adequate compensation? Is giving them a token sum, enough for…