prices will continue to go up, as long as people are optimistic enough.  But when we look at the actual value of a prop, things maybe different.

Looking at the commercial market in Melaka. There are lots of vacant shop houses in Melaka Raya the paint has long pilled off, They extended it and build Pulau Melaka, it turned out to be an abandon shop house project. Only the mosque is functional.

At the heart of Melaka raya there is a huge abandon building project, I'm not sure what it was meant for.  If you stayed in Hotel Equatorial, you can see it, it's quite an eye sore.

Also within Melaka Raya, is plaza melaka raya. That place, is a ghost town. The fastfood outlet, and supermarket closed one after another, later it was taken over by pirated PC DVD sales. But now it has completely closed, now the ground floor is occupied by a mamak which opens towards the outside.

Meanwhile, they just opened Hatten Square next to Dataran Pahlawan.  It's suppose to be a digital mall, but you can guess, with it's high rental, it can't compete with the current outlets Malaccan's get their hardware from.  You guys should have a look the place is practically empty. Hatten Square is good for its parking though, because we are facing jams and parking shortages, right after the government directed all traffic there in the hopes of making that place into a vibrant commercial center. (Simply put, what they have done is to draw away business from other parts of town, like hang tuah, and bunga raya.)

Talking about digital malls, There was once a new digital mall at hang tuah, despite Fajar and hang tuah mall that was dying, and Great Wall, which had died long ago, there was a new little digital mall that open there.  There was even a cinema, which was showing Spider Man 2 at that time.  Guess what happen? It closed down before it picked up. The building is abandon now. Even Pizza hut had closed.

Mean while, Tesco Sentral, is facing trouble, because Jusco just open next door. Traffic was made in such a way that it made it inconvenient for people to go to tesco, I wonder who tesco offended.   Even with all this troubles, Tesco opened a new branch in Cheng. Business is average, better than hatten square at least. Same can be said about Giant, which open at Sentral.

Oh and don't get me started with Melaka Mall, it changed it's name and management a handful of times.  Right now it's main business is Parkson, and a cinema. People only go there for the movies. I heard that Parkson was forced to open there due to certain "reasons".

So... anyway, what I'm trying to say?  This places are all build upon unrealistic optimism, a big waste of materials and land. Even though nobody wants to go there, do you think the unit there are cheap?  nope.