Ho ho ho ho ho

Finally the property bust that we've been waiting for

I think the revaluation deficit is normal...  so in my opinion it does not indicate there is property bubble yet. I have seen some REITs and listed companies having revaluation deficits before.

If you read the article properly, the main reasons affecting Subang Parade and Mahkota Parade was due to:
- general softening of the retail market arising from the current poor economic condition.
- increasingly stiff competition from the surrounding area which led to rental rate compression, resulting in lower market value.

To me the above basically means there is too much competition from other nearby malls and other hot spots
(e.g For Subang - Empire Mall, Aeon Big (formerly Carrefour), First Subang, SS15, Pyramid)
      For Malacca - Dataran Pahlawan, Hatten Square, Jonker Walk)

The tenants can't gather enough cash inflow to withstand the rental rates and operating costs to last on a monthly basis. A lot of businesses also got screwed from GST (implementation cost + waiting for refunds to come in + customers delaying payment or request for longer credit terms).

But on a side note, even with all the renovations/revamps done on Subang Parade and Mahkota Parade, I still can't see any major pull-factor like what you would normally see in MV, Gardens, Pyramid, 1Utama and Pavilion.

For a real property bubble, I expect all properties across the board having their valuations going down.

Purchase back @1.46 today.

i want buy back my igbreit...... pls go lower.....

I thought AmFirst selling AGLC is a step in right direction(oversupply of office space in KV)?

Is Prima 9 what you mean? AmFirst is trying to find buyer.
http://www.iproperty.com.my/propertylistin...mLcdzJeph98k.97

wa this kind of building if the agent manages to sell off, instant millionaire 

Eh go open a thread on BBCC in property section. 

apa tu BBCC?

Arreit holders, 3rd interim div came in today.

Even Berjaya Times Square also looks quite quiet recently when I went there

Shit. See PAVREIT latest results. Topline growth merely 3%. Wonder how will IGBREIT do

Should I reduce IGBREIT holding ahead of its results announcement

2.57 sen is a little surprising

which bank offer 4.5% ?