When the bells and whistles turn ugly
Time will tell if the landscape of a project is sustainable. Often, the lesson comes with expensive “tutoring fees”.
Time will tell if the landscape of a project is sustainable. Often, the lesson comes with expensive “tutoring fees”.
While GRR schemes sound very attractive, investors need to know they are not as simple as they seem. In fact, they should be approached with as much caution as advertisements for fast weight loss pills, get-rich-quick ventures or striking the lottery.
Completed in 2018, the 33,700 sq ft residence that accommodates supermarket tycoon Lim Hock Leng’s four children and his parents even comes with a 30m swimming pool and a formal dining area with a big round marble table that could seat at least 15 people.
Lagenda Properties, group managing director, Datuk Jimmy Doh: We built houses based on demand and affordability. At the same time, the business must still be profitable
Perak-based developer Lagenda Properties has gone against the herd by deliberately turning away from the higher-end homes.
The National House Buyers Association (HBA) has time and again reminded the housing minister and those under the ministry’s charge on the need to rein in the conduct of those so-called court-appointed officers, namely liquidators.
While landed homes are investors’ darlings, there will always be a market for the more affordable high-rise units.
Ara Damansara: The red-hot demand for bungalows and semidees here are not limited to buyers. Tenants are also on the prowl.
Since its enactment in 2015, there has not been any news of developers being prosecuted under this new Section, although cases of abandonment abound. Enforcement is still the key on whether the law is effective in protecting property buyers.
It is interesting how the 64-year-old founder, managing director and group chief executive of Mah Sing Group Bhd staves off challenges. Tending to go on the offensive, he would not hesitate to disrupt the market to dash to the finishing line in the shortest possible time.