Author: Charles Tan
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Merger of OSK Holdings, OSK Property and PJ Development
The news has been circulating for some time but today, the shareholders of OSK Holdings Bhd shareholders has approved the purchase of OSK Property Holdings Bhd and PJ Development Holdings Bhd. for up to RM1.71 billion. In essence, OSK Holdings will buy 72.4 percent in OSK Property for RM346.4 million. New shares totalling 177.64million shares…
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Branded developer and Classifieds Advertisement
This article is aimed at any branded developer’s marketing team who thinks that selling can be done via Classifieds and that this is a great strategy. This is from a potential buyer to your future project. Let me share with you a few reasons why a branded developer using Classifieds advert to sell property is…
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EPF ‘punts’ to profits vs other investment options?
I was about to go to sleep when a friend sent a message into a WhatsApp group which I was part of. She forwarded the message in the image. An article about how EPF punts its way to profits. In case you do not understand this term inside the newspaper, the word punt comes from…
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1,000 jobs to go because Online is the future
In a report in a local daily newspaper dated 2 July 2015, it was announced that over 1,000 jobs may be cut because of the continuous reduction of people watching traditional TV in Britain. British Broadcasting Corporation (BBC) will be cutting more than 1,000 jobs as part of a long-term savings programme. Main reason? Viewers…
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Eco World International, 84 percent take up rate in London
Malaysian developer with a huge property development in London with financings from Malaysian banks in Pound Sterling. Yes, I am proud, as a Malaysian. We are talking about Eco World Investment Co Ltd which announced that it has secured major approvals for three London property projects with a gross development value (GDV) of £2.257bil (RM13.33bil). In…
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Retail sales still growing BUT forecast is lowered, again.
Forecast for retail sales growth rate has been lowered further for the second time. Instead of a predicted 4.9 percent growth earlier, The Malaysia Retailers Association (MRA) has lowered the projected retail sales growth rate in 2015 to 4.0 percent. Major reasons cited include higher costs of living, a weak Ringgit and higher cost of…
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Sunway Construction will share 35% net profits with YOU.
Yes, the YOU here would refer to anyone who has units of Sunway Construction Group Bhd which is in the process of listing on the Main Market of Bursa Malaysia. The plan is to pay out at least 35 percent of its net profit to investors as dividends and it will be a policy. Based…
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In KL, a mature neighbourhood below RM500,000.
I like mature neighbourhoods especially for own stay. Just a few weeks ago, an old friend called and asked if I would like to have a cup of latte. I immediately agreed and went to fetch him. His place was in Taman Desa. It was my first time driving into Taman Desa. I felt good.…
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What’s up Penang? Jam has worsened.
I was back in Penang just last weekend for a Toastmasters function. I arrived around 12 noon and after the second bridge, there was a slight jam in the Bayan Baru area. It must be the half-day working day on Saturday. My function was in town and I was travelling from my brother’s home in…
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Waterfront with view of Singapore, interested?
RM880 psf is not considered exceptionally high if it is nearby KLCC. However, mention Iskandar and everyone would look at you disbelievingly. RM880 psf, today? Are you out of your mind? There are way too many condos there already. Furthermore this is a luxuriuous one, who would be staying there? Why not buy in Singapore…