http://blogs.wsj.com/economics/2013/08/05/...adds-to-unease/

tsk tsk tsk... boleh land is really boleh land... with everything dropping from currency to trade surplus somehow they can still find the time and focus to give hand-outs... LoL!!!! How typical... Hmmm... wonder how much longer till we adopt India's approach (raise interest rates) maybe by then it might be too little too late...



This post has been edited by Rooney1985: Aug 6 2013, 09:42 AM

Just sharing ya....




BANDAR MALAYSIA - The Future of Kuala Lumpur Where Global Citizens Meet
Proposal Rendering Only
Credit: DesignCircles.Com
Caption Written by:
- http://www.patchay.com/p/kuala-lumpur-urba...velopments.html
- http://www.patchay.com/p/kuala-lumpur-urba...lopments-2.html


BANDAR MALAYSIA ::: Internationally-acclaimed architects Broadway Malyan have been chosen by 1Malaysia Development Bhd (1MDB) to design a comprehensive masterplan for Bandar Malaysia. Its masterplan, which was selected from a shortlist of six, will include a commercial district, cultural buildings and residential areas, including sustainable and affordable housing.



Bandar Malaysia is envisioned to combine a vibrant mixed use community with a commercial district to foster creativity and innovation. It is set to become an international destination for culture and the arts showcasing Malaysia's diverse culture.



It is located at the southern part of the City Centre, just approximately 5km away from the Petronas Twin Towers by car and its accessibility is further improved with the proposed mass rail transit linkages to reduce travel time. The site is easily accessible from major highways including the SMART Tunnel Highway, KL-Seremban Highway, East-West Highway and KL-Putrajaya Expressway.



Formerly the Sungai Besi international airport that serves Kuala Lumpur from 1952 to 1965, it has since been used by the Royal Malaysian Air Force, Royal Malaysian Police Air Wing, the air unit of the Malaysian Fire and Rescue Department and the Royal Selangor Flying Club as their base.



By 2014, the Bandar Malaysia project will involve the redevelopment of the site into a proposed carbon-neutral, green-rated urban centre of Kuala Lumpur. The intent is to undertake a mixed development project on the site which covers approximately 484 acres, or 196 hectares. The Draft Kuala Lumpur City Plan 2020 has zoned the land for mixed development that will be able to yield a GFA of 84.3 million sq ft (excluding public amenities).



This post has been edited by accetera: Aug 6 2013, 10:04 AM

Bubble is happening everyday as we speak. Do you mean bursting? 2015 is the year I predicted.. but we are still in 2013.. Looking at the new development if all of it continue to sell > RM500 psft.. I'm pretty sure it will happen sooner but either way.. Are you going to wait? For me.. No I won't.

http://www.imoney.my/articles/bankruptcy/

Good read... especially those in BBB mode... the trend also like property prices up up up...

http://samcheekong.blogspot.com/2013/07/ef...squeeze-on.html

Also find some information here useful... in case any of you missed out...

Wow! So many good news

it's already sgd1=rm2.55. saying 2.50 is very polite!

if things continue that way with no action, 2.60 is likely by yr end.

sgreans will buy daily and eat daily stuff in johor with a bigger buck but i doubt there are that many wanting to lose in exchange rate and transaction costs despite some appr after 2-3 yrs.

such reports now coming out every week. all bad news - dwindling exports, rising mgs yields, cash handouts - all putting pressure on rates.

when trade surplus becomes deficit, we'll see if bnm will raise rates. perhaps next meeting in sep...

The depreciation of ringgit is actually good news for our struggling exporters, particularly those SMEs, which have been lobbying for protection from Govt for some time. Iskandar Malaysia is amongst the property beneficiary from a weaker currency as it will help Iskandar to overweigh other upcoming cities in ASEAN in terms of investment prospects amongst Singaporeans.

Further to that, almost 400 bigger companies are refusing to follow the Minimum Wage guidelines as they felt the entire workforce will be skewed towards a gradual increment in salaries which these companies cannot afford to do so. The only way out is the companies must make some money first then invest in technology to improve productivity before hiking up everyone salaries. But analysts are concerned this may not come easy and may not even come before 2015.

The biggest issue with Malaysia is lack of reforms on fiscal policy, bigger and bigger budget deficit due to increase in civil workforce, public debt ratio is reaching the ceiling, very high household debt and a dwindling trade surplus and current account. Our unemployment rate has also increased slightly, where critics say the increase is mainly in plantation sector and could be due to minimum wages that had essentially removed some bottom tier workers.

This post has been edited by accetera: Aug 6 2013, 10:57 AM

LOL!!!! WoW!!!!

If that happens, would it mean that there would be less for Johorians to consume?? Which would then leading to crowding out effect and push up overall consumer prices... meaning overall Johorians would be poorer and poorer (in terms of living standards)?? ... How saddening... I'm sure Johorians wouldn't like that...

And Johor is the "fixed deposit". Oops. Became Kopotiam discussion pulak.

Apologies for the off topic on Johor... anyway... here's another good article to read...

http://www.themalaymailonline.com/malaysia...-says-economist

Key points to take away from the article for me was:-

"Debt-fuelled growth has let Malaysia plaster over the cracks of a softening economy already showing the signs that heralded the dotcom crash and Asian financial crisis"

“Asia’s inconvenient truth, in short, is that the rise in debt has masked deteriorating growth fundamentals"

"The troubling question now is: how much would growth have slowed if it wasn’t for the rise in debt?”

I guess for the past few years a lot of funds (debts) have been dumped into properties to churn out overall growth... which does not create value (in terms of productivity) and the question is how in the world are they going to reverse this false value creation in properties (bearing in mind the illiquid nature of these assets) in order to create real sustainable growth fundamentals.

This post has been edited by Rooney1985: Aug 6 2013, 11:33 AM

Now bnm has to prop up the govt bond market on its own. this will put the inflation in 5th gear with turbo mode.

in fact rate already up for public and private corp borrowing. only left the OPR which is very near, even need not to wait till the Nov.

hahahaha

Ghost month coming
got ppl pantang dont buy new project on that month?
and what reason you heard?

interesting....

i think the most important question now is whether ahjikor is doing anything to improve the economy and if Yes, what is it.

Construction and oil/gas. So much work till dono wat to say.

In the meantime, our best shopping malls are packed with people and people are makaning out. Imagine that day, all the resto in a popular mall was fully booked. Nia mah...

This post has been edited by accetera: Aug 6 2013, 12:32 PM

Preliminary figures in today's business news. More debt more debts...


Best Ever Monthly Sales :::
Malaysia sold 66,895 units of vehicles in a single month of July 2013 versus 46,637 units in July 2012
Business Times | August 6, 2013
Read more >>> http://www.btimes.com.my/Current_News/BTIM...icle/index_html

The local automotive industry started the second half of the year in top gear as new vehicle sales hits one of its best monthly volume in history. According to Malaysia Automotive Institute (MAI) chief executive officer Madani Sahari, TIV soared to 66,895 units during the month.

This post has been edited by accetera: Aug 6 2013, 12:49 PM