This is tragic. Reports of an MH plane crash in eastern Ukraine, near the border with Russia. The plane was believed to be carrying close to 300 people from Amsterdam to KL.
An informed source has revealed to me that at one upmarket seafront apartment suites complex in northern Penang Island, the actual occupancy rate is just 10 per cent, even though the apartments have been sold out.
Contrary to popular belief that much of the property speculation/investment in high-end properties in Penang is by foreigners, the rough breakdown by nationality of owners of these particular apartments is as follows:
- Malaysians based in the country (60 per cent),
- Malaysians residing/working abroad (20 per cent), and
- foreigners/others (20 per cent). (more…)
I notice that a group calling themselves ‘British Victims of Investing in Malaysia’ have protested in London over funds they lost in Doxport Technologies Sdn Bhd, a firm reportedly owned by former Umno treasurer-general Abdul Azim Mohd Zabidi. (more…)