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230 purchasers owed RM38 million and future guaranteed rentals.

Another case of buyers ‘losing’ money in their investments. This happened in Kota Kinabalu but could have happened anywhere in Peninsular Malaysia. A developer who developed and managed a mall did not pay the rentals to the buyers who bought the units on a leaseback basis. The mall is Oceanus, located in a good location … Read more230 purchasers owed RM38 million and future guaranteed rentals.

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Kota Kinabalu property market, shortages soon?

How many foreign workers would you find in a construction site in Sabah today? Well, except for the site supervisors, I think nearly everyone is a foreign worker. Of course, not just true for Sabah but also Peninsular Malaysia too. The problem with over-reliant is that if some unforeseen circumstances do happen, it will affect … Read moreKota Kinabalu property market, shortages soon?

Property prices up due to GST? Developers should just absorb it.

In an online news portal, it was reported that The Royal Institute of Surveyors Malaysia (RISM) would be conducting a study on reasons as to why property price increases and provide recommendations on remedy by end of 2014. I think RISM can also talk to HBA, REHDA, MIEA etc and everyone would more or less … Read moreProperty prices up due to GST? Developers should just absorb it.

Kota Kinabalu Property – 2014 and beyond

Yes, I have firm interest in Kota Kinabalu as well. I fly to KK no less than once per year for the past 15 years. At this moment, I am only exposed there via a small condo unit which I had rented out for RM950 / month. Bought it slightly over 2 years ago for … Read moreKota Kinabalu Property – 2014 and beyond

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