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 Multiple Signs of Malaysia Property Bubble V20

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Justin.Loong
post Oct 7 2025, 01:50 PM

Look at all my stars!!
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QUOTE(icemanfx @ Oct 6 2025, 07:54 AM)
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.
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lol... biggrin.gif laugh.gif

 

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