CBRE | WTW managing director Foo Gee Jen: In Malaysia, it is a take it or leave it situation when it comes to new projects. It is time for the power to determine the pricing be returned to buyers. Buyers should determine the price, not the other way round.
Su Bai Yuan was CEO of Country Garden’s Forest City, the largest development of the China property giant in Malaysia. He is also Hong Kong-listed Country Garden Holdings Co Ltd’s executive director.
Rented for: RM2,400 (RM2.19 psf); Concluded by: Jin Teok (REN 24772) (012-7717963) of MIP Properties Sdn Bhd; When: October 2019
In a short message to his former colleagues and business friends today, Fu noted that today is his last day with the company.
"We target to finish the retail portion in 2021.”
“In the end, the people are confused and do not have a proper understanding on the land issue. What is the direction of the state government in this matter? We don’t know.”
“Last year, the department carried out spot checks at 1,437 buildings compared with 1,512 in 2018 where our main task was to check that the fire alarm systems and fire hydrants were in working order."
The residents, especially along Section 16/9, are not happy about the development being granted a 1:7 plot ratio, which they feel is too high and could “result in overpopulation in the area”.
The red T-shirt was supposed to have the character shou, meaning longevity, printed on it, but instead, it turned out to be shouyi “loosely translated as 'longevity clothing', referring to the clothes used to dress the deceased at funerals”.
Rented for: RM3,400 per month (RM5.24 psf); Concluded by: Eugene Pang (REN 30525) (016-2724228) of MIP Properties Sdn Bhd; When: September 2019
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