Property Bits
A friend of ours told us this incident - he knows another guy who works for a developer, offered to let our friend book a unit of a soon-to-be-launched apartment in PJ. He said that pre-booking was open only to the company staff and friends, the official launch was targeted for early December (sometime next week, I believe). The location was good, and the design looked appealing, the company quite decent. Plus they were offering an attractive discount (or so he thought). But when we went to their office, he almost balked when he saw the price (I believe his exact words were “had to pick my jaw up from the floor“), he wasn’t even close to affording the very cheapest unit. So he politely declined and excused ourselves. Maybe he should have asked the price range before going there…
But the design looked nice, though.
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Another friend of ours, who runs his mid-sized engineering consultancy. He was telling us the other day that he’d been spending a lot of the past one year traveling to Sudan, to work on a huge housing project there funded by the government. He says that the property market is opening up in a huge way there, similar to Malaysia in the 70’s. What’s happening is that the government is building a massive number of middle-cost homes as the to cope with the enlarging economy and rising affluence of the nation. He said that Malaysians who are looking for growing markets should seriously look to investing there.
Hmm, we’ll pass…
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Anyone went to the Mega Malaysia Property Showcase in PWTC this weekend? Anything interesting to report?
