Category: Kuala Lumpur / Selangor Props
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Luxury condominiums oversupply in Kuala Lumpur
I wrote an earlier article about luxury condominiums. Read here: I do not believe majority can buy RM900psf, sorry Well, one article appeared in a local English daily quoting many famous property gurus which tells about the oversupply situation of luxury condominiums in Kuala Lumpur. It quoted Savills Malaysia’s Asian Cities report which revealed that…
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Ringgit down, thus property prices up.
Reported in an English daily quoting someone in the property industry. Ringgit is depreciating, therefore property prices would be hiked up? Reason given is because the materials are becoming more expensive and workers are asking for even higher pay. Assuming that I agree with this assessment, it is best for anyone who says so to…
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49,000 sq ft land size and RM548 million GDV
Reported in a few English dailies. How much returns can we expect from a plot of land with the size of 1.12 acres (about 49,000 sq ft)? No idea about the actual net profit but what about a gross development value of RM548 million? Suddenly my jaw dropped. Wow. Well, one boutique developer is doing…
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Mah Sing scaling back, revising target downwards.
Mah Sing has decided to scale back its launches as well as setting a lower sales target for 2015. Instead of RM3.4 Billion worth of launches, it would only be focussing on RM2 Billion launches. Sales target is also revised downwards from RM3.4 Billion to just RM2.3 billion. I think I have to hold on to…
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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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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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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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Development, compensation and promises not kept
Nearly every week there would be articles about some new developments facing protests from the residents nearby. This would normally turn into a debate of whether the developer has done enough in terms of air pollution and noise control, compensation and even promises. When a new high-rise development happens in a mature neighbourhood, it is…