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.
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?
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.
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