Category: Uncategorized
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2018 IKEA Batu Kawan, RM8 Billion Development, 10 years to complete
Today, there are many Facebook sharing about IKEA Batu Kawan. The year is 2018. Many months ago, the announcement of IKEA got everyone excited for Batu Kawan. At that time, reports said that IKEA will open in 2020 as construction expected to start in 2015 and takes five years. Since 2018 is now officially mentioned,…
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Underground bus interchange, air-conditioned and to complete by 2019
I have been to Singapore 6 times within the past 3 months. One thing that has never failed to amaze me is the maximisation of every piece of land and yet managed very well. Construction sites are always well covered and you do not see or feel the dust even when you walk past some…
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3 days, RM130 million worth of properties to be sold, MAPEX Penang
According to the organising chairman of Malaysia Property Exhibition Penang (MAPEX), Mr. Ng Chin-U, he expects a total sales of over RM130 million within a 3 day MAPEX show in Penang. MAPEX Penang will be held on 26th September to 28th September at the SPICE (Subterranean Penang International Conference and Exhibition Centre). He said that the…
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Consolidation, Old Plants, Fairchild in Penang ends
My friend forwarded me a piece of sad news. One of the earliest pioneers of Penang’s Bayan Lepas Industrial park, Fairchild will be shutting down it’s Penang plant. This would be one out of many including facilities in West Jordan, Utah and Bucheon, South Korea. Major reasons stated was the need for consolidation as well…
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Eco World, its GDV and loved by CIMB, their shares still not for me.
Most important for any developer would be the size of its GDV. Low GDV, low profits potential and high GDV equals to higher profits. Clear? Well, Eco World’s current GDV is now RM63 Billion. This puts in behind only UEM Sunrise and SP Setia. This is indeed something amazing considering I have never heard of…
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Penang tunnel and related highways; a hiccup with Astral Supreme’s pull out
Remember Penang’s tunnel project? The tunnel project which would include a 6.5km undersea tunnel connecting Penang island to the mainland. There would also be a 12km paired road between Tanjung Bungah and Teluk Bahang. This includes a bypass between Air Itam and Tun Dr. Lim Chong Eu expressway as well as between Gurney Drive and…
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Affordable homes just got cheaper, if this comes true.
Reported in The Malaysian Reserve today (15 Aug) was a very interesting piece of news. Would you be interested if the total cost of construction for new properties can come down 40%? Before you think about RM500,000 homes becoming RM300,000, do note that the 40% is on cost of construction. So, translated into gross amount,…
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28BLVD – first 500 units, 80% sold. Affordable Small Units.
After my article on shoe box unit by Oxley Holdings, a friend from the industry sent me additional information about another affordable development in Pandan Perdana. Personally, I am not an advocate of small units but if they are affordable and it meets your requirements for a roof over your head instead of renting all…
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100,000 new units vs 140,000 new household formation. Prices up? Do not agree.
In Business Times (1 Aug 2014), REHDA’s new President, Datuk Seri FD Iskandar Mansor said that property prices will continue to rise because of the lower supply versus the higher demands as well as high land cost. According to the National Property Information Centre (NAPIC), the average housing completion was 100,000 units against the average…