Category: Housing

Highrise towers galore at ‘Penang WorldCity’ mega project

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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…)

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Is Malaysia’s property bubble poised to burst?

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.
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