At this point, many Aussie as well as Mainland developers have a lot of liquidity issues amidst interest rate hikes and slow sales. This type of luxury segment is heavily impacted so you’ll see very slow progress I predict as they try to weather the recessionary cycle.

Undercon projects in Oz are seeing buyers have their contract rescinded and resold at a higher price as it’s simply unaffordable for builders to complete the building in current conditions. Thank the lucky stars in Malaysia for relatively cheap labour.

This post has been edited by Cavatzu: Aug 3 2022, 07:20 AM

Gasp. Is it all halal?

So dramatic! Regardless the building is here now, better it’s used than stay vacant and fall into disrepair creating another white elephant project. They’ll probably need to provide a bunch of incentives to attract tenants in.

118 is also imminent. Another war of the malls. Lalaport is dead once these all come.

I actually hope it will succeed. But it’s a tough market and once again consumer attention is split. Need tourist $$$ to prop up the malls. You have 3 new major malls due to come online in the next year when you had Pavillion 2 and Lalaport come during Covid not to mention all the neighbourhood malls attached to big projects. People don’t need to travel anymore so they may just stay local.

This post has been edited by Cavatzu: Oct 10 2023, 02:14 PM