Category: Property news beyond Malaysia
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Coming soon, a tower in Dubai taller than Burj Khalifa
Burj Khalifa is 828 metres and costs US$1.5billion to build. It was completed in January 2010. That’s so tall that you can see a view as per the image. Petronas Twin Towers is only 452 metres. Read here: Petronas Twin Towers still tallest in the world* Entrapment, a move starring Sean Connery and Catherine Zeta…
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Cutting jobs because of strong US$
First of all, I would favour a stronger Ringgit. I love travelling overseas and even around the region. I do not believe that investors would buy properties in Malaysia simply because of the falling Ringgit. There must be a more comprehensive reason including the liveability factors. Recently Ringgit has recovered a little compared to a…
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Roubini: No 2008 global financial crisis BUT ….
Roubini is a famous person when it comes to crisis predictions. He is also known as Dr. Doom and was one of the few who gave strong warnings for the 2008 crisis before it happened. The below is a sharing from him which I read in an online media when he was asked if the…
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IMF’s Lagarde: 2016 will be “disappointing”
Do I believe the InternationalMonetary Fund (IMF)? Well, let’s just say I will believe what I want to believe from what I read. Okay, reported in many media from an article in Reuters, IMF managing director, Christine Lagarde said that the rising interest rates in United States and economic slowdown in China were contributing to…
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I hate it when US economy has bad news.
Just read this in The Edge Malaysia. I hate it when there are bad news for the US economy. Come on, grow and maintain the growth! Latest jobs data for September showed that the numbers are far short of expectations and with this comes the potential delay of an interest rate hike. Federal Reserve is…
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Tokyo too expensive? Yen is at 13 year low!
My first time to Tokyo was a business trip. My GM allowed me to go one day earlier and come back two days later. I loved the trip. My second trip was just a few years ago and I visited 8 cities in Japan including Tokyo. I love Japan. It’s my top country for vacation…
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Spotting signs of a property bubble, 3 points (updated)
On and off, there are comments on Facebook which predicted that Malaysia’s property bubble is about to burst. Currently, the most popular prediction is that of Iskandar. Actually, the main reason for all the cooling measures by Bank Negara Malaysia (BNM) is to contain any dangers of property bubble building up. So, do you want…