yes, way back when it was still under the Mammoth Empire group

This is one of the lucky project that got revived by a few joint venture party..

Others is not so lucky to say..

What happened to the mammoth?

They ran into financial trouble.

The story or rumour I heard was that they tried to chew more than they could handle.

They weren’t just the developer.
They were also the main contractor.
They were also the sub-contractors.
They were also the vendors.

In a conventional setup, the developer earns what a developer is meant to earn. Construction is outsourced to a main contractor, who then manages part of the project’s cash flow—essentially helping to finance the project indirectly. The main contractor further outsources to sub-contractors, who also bear part of the financial burden. This way, risk and cash flow responsibilities are spread across multiple parties.

But Mammoth tried to “sapu” the entire chain—developer, contractor, sub-contractor, vendor. In good times, that’s a powerful leverage. You profit from every link in the chain.

But when the market takes a hit, this becomes a double-edged sword.
Just one point of cash flow disruption—and the whole project gets stuck.

No payment, no work. That’s the version of the story I heard.

You judge for yourself whether it’s believable.

- Average length of stay on Airbnb in Kuala Lumpur is 4.6 days.
- There are 22,159 active Airbnb listings.
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- A typical listing was booked for 58% of available nights.
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- In June, 2024 - May, 2025, the average annual short-term rental revenue in Kuala Lumpur was MYR45K
https://airbtics.com/tourism-statistics-kuala-lumpur-my
https://airbtics.com/annual-airbnb-revenue-...lumpur-malaysia


A typical short-term rental in Genting Highlands is booked for 117 nights per year, generating a medium Airbnb occupancy rate of 32% and an average daily rate (ADR) of MYR289 ($61). In June, 2024 - May, 2025, the average annual short-term rental revenue in Genting Highlands was MYR37K
https://airbtics.com/annual-airbnb-revenue-...hlands-malaysia.


This post has been edited by icemanfx: Jul 28 2025, 04:36 PM

I will most probably never boyght any new property anymore. Paid off 2. Rent out edi. Im also renting.

If you are well off and can sort your finance and passive income nicely. Rent is the way forward.

Dont wanna be bogged down by banks interest, the house degradation/obsolete/wear and tear/taxes/maintenance fees/fixing plumbings, repairs etc2

Buy landed without maintenance fees still OK. End of the day, it is a place for people to live.

Most of these waterfish are attracted by what's being offered, the rendered facilities and amenities which later turned out to be hella expensive to maintain and what not, these people were being sold the lifestyle and not the peace.

Mostly delusions pushed by developers that the units are in high demand and have good resale or rental values.

Lots of property investors in Malaysia don't know what they're doing, and are essentially chucking wads of cash at random holes in the wall hoping to strike the jackpot hole.

Leverage amplify profits as well as losses.


This post has been edited by icemanfx: Aug 23 2025, 03:56 PM

Property no problem!

Malaysian love property!

King love property!

Everyone love property!

Everyone love work for bank!

You better buy now, future going to be RM10k per sq ft!

This post has been edited by icemanfx: Sep 16 2025, 02:48 PM

This thread move from property thread???

Must be askar perang request

Keyword there and it’s not uncommon since day 1

This post has been edited by jojolicia: Sep 3 2025, 09:22 AM

I didn't notice that too.

In the last 15 years, most foreign investors are under water. Most of recent foreign buyers are for mm2h visa.

This post has been edited by icemanfx: Oct 4 2025, 05:41 PM

KUALA LUMPUR: Nearly 300 Bukit Damansara residents, joined by singer Sheila Majid, former CIMB chairman Nazir Razak, former minister Khairy Jamaluddin and activist Ambiga Sreenevasan, took to the streets today to protest against the planned redevelopment of Wisma Damansara into two 60-storey towers.

Holding placards with the words “Save Bukit Damansara” and “No to Skyscrapers”, residents warned that the project would turn Jalan Semantan into a permanent traffic jam, overwhelm infrastructure and erase the neighbourhood’s identity.

Nazir said while he supported development, the project was “monstrous”.

Bukit Damansara Homeowners’ Association president Sufian Majid said residents only learnt of the project via a newspaper notice on Aug 1, which revealed approval for a plot ratio of 1:9.6 – 60% higher than the 1:6 cap in KLLP 2040.

https://www.freemalaysiatoday.com/category/...wisma-damansara

Uuu/bbb liked to claim god no longer make land, is scarcity but ignored redevelopment is an option.

With plot ratio of 9.6 possible, high rise could be higher i.e 50% more area or new supply from the same plot of land.

This post has been edited by icemanfx: Oct 6 2025, 08:45 AM