Mega projects overreach: Biting off more than we can chew?

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These are some of the mega projects in the pipeline in Malaysia.

Now, let’s gaze into the crystal ball and think about the fate of these projects.

Given the state of the economy now, our household income and debt, the dampening property market, and currency controls restricting the outflow of funds from China:

– how many of these projects will be successfully completed?
– how many of these will be in harmony with Nature?
– how many of these will be affordable to ordinary passengers/buyers?
– how many of these are targeting buyers from China?
– how many of these will require financing from China?
– how many of these will need to be bailed out in the end?
– how many will end up as white elephants?
– how many will be partially completed and/or abandoned – and at what cost to the public?

Leave your predictions below like a time capsule, and perhaps we will take another look at this blog post in five years (2023) and 10 years (2028) to see where these mega dreams have ended up.

READ MORE:  What happened to the 'case of the century'?
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Norman
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Norman

Car population overreach is another issue.

Should the heritage zone of George Town be made car free to maintain its old charm?

Cars Addiction
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Cars Addiction

Cars are becoming more binchui commodity rather than true necessity with the advent of Grab public support transport.

shriek
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shriek

Ah peks will oppose. Concession to be given to ah peks just parking for ambultant

shriek
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shriek

Orso tram free? Tram needs elect to run. Elect comes from where?

Mah HS
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Mah HS

Last week, 50 buyers of condominium units at Country Garden Danga Bay (same developer of Forest City) in Johor Bahru have filed complaints with the Housing and Strata Management Tribunal in Johor Bahru, alleging that the low quality of workmanship and materials used were not in accordance with the details stated in the sale and purchase agreement.

http://www.theedgemarkets.com/article/country-garden-resolve-or-address-safety-and-quality-complaints-buyers

KhunPana
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KhunPana

I can only say that the Bangladeshi and their recruitment agencies are very happy with so many Mega Projects happening in Malaysia.

Foreign Labour Dependents
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Foreign Labour Dependents

Banglasia movie by namewee banned in Malaysia although it truly reflect the reality that FINAS censorship board cannot accept. Our foreign buddies now are more visible than native local born Indians in most parts of Penang, Anil cannot deny that!?

Norman
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Norman

Bangladshi forger has raked in millions of ringgit in ill-gotten gains, running a syndicate with inter­natio­nal links, to sell passports and fake work permits.

On Monday, a special operation spearheaded by the Immigration Department took him into custody.

https://www.thestar.com.my/news/nation/2018/03/07/bangladeshi-forger-made-millions-in-msia/#zituqc9vLx7IQRJm.99

Norman
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Norman

Bangladeshi forger has raked in millions of ringgit in ill-gotten gains, running a syndicate with inter­natio­nal links, to sell passports and fake work permits.

On Monday, a special operation spearheaded by the Immigration Department took him into custody.

https://www.thestar.com.my/news/nation/2018/03/07/bangladeshi-forger-made-millions-in-msia/#zituqc9vLx7IQRJm.99

glissantia
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glissantia

One interesting category of residents under MM2H is former foreign diplomats. How did they get to afford this?

Mah HS
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Mah HS

The Star today extra thick with a 60-page StarProperty.my supplement showcasing new high rise property projects.

Mega Con$equence$
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Mega Con$equence$

Mega profits in the process into pockets first, the consequences shall be the burden for others to sustain!

shriek
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shriek

Like cheap curry mee. Cheap mire money in ah pek’s pocket. Seller burden with cost, rent and wages to pay

Norman
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Norman

11 crewmen missing after sand dredger overturns near Muar

https://www.thestar.com.my/news/nation/2018/03/21/15-crew-missing-sand-vessel-accident/#usfQTd4O7uGsiE2h.99

Dredging sand for reclamation projects to build condominiums at JB coastlines?

Mah HS
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Mah HS

Malaysia’s debts have crossed the RM1 trillion mark if Putrajaya-backed loans are taken into account, said Former World Bank economist Dr Lim Teck Ghee. They were responding to Prime Minister Najib Razak’s statement recently that Malaysia’s debt would shoot up to RM1.1 trillion if Pakatan Harapan abolished the goods and services tax and existing tolls. It is Najib’s election “shock and awe” tactic as the federal government debt is close to RM700 billion as at September 2017. “And this does not include government-guaranteed debt, including the ones from 1Malaysia Development Bhd, which is more than RM200 million. In fact, if… Read more »