From what I understand, the MPPP (Perancangan Pembangunan) has not received any application for the City of Dreams project nor does it have any information about it. (more…)
The Seri Tanjung Pinang Phase 2 EIA report is on public display at Level 4 of Komtar until 21 February – but response to view the three volumes has been poor.
The process appears to be just going through the motions. One concerned Penangite who viewed the volumes said the previous person to view them had come a week earlier! (more…)
The ongoing mega project known as ‘Penang WorldCity’, sprawled over 100 acres in Bayan Mutiara is set to turn the area into a jungle of highrise towers. One shudders to think to think of the impact on traffic and the resulting congestion along the Jelutong Expressway in the years to come.
Count the number of towers in this artist’s impression. (more…)
As the ringgit depreciates and as US quantitative easing tapers off, the era of low interest rates and cheap credit via bonds – the primary drivers of speculative investment – could soon end. Could that, in turn, lead to the popping of the property bubble?
Are there signs that this is already happening as heavily indebted Malaysian households tighten their belts in anticipation of further inflationary pressure? Will hot money from QE head for the exit doors at the first whiff of uncertainty? Check out the weakening ringgit in recent months after the QE tapering was first announced in June 2013.