Goodbye 2008, Hello 2009…
Today’s the last day of the year, and while most people can’t wait to party hard tonight, we thought it’ll be a good time to look back to 2008 and what has happened in the last 12 months.
People will remember this year for many reasons… the Olympics, Barack Obama, the Malaysian political tsunami after the general elections, the hijacked vessels, so many events that happened. But in the property scene, two events will be long remembered that will affect the industry in a profound way in the coming months and years.
First was the financial bailout of the sinking companies in the US that precipitated the recession to hit the world, and particularly here in Malaysia. In a few short months, people we knew started losing their jobs, price of everyday materials starting going up, property sales and rentals start slowing down. And next year, particularly after the Chinese New Year, things will begin to unravel further for us.
The second event is, of course, the landslide that happened in Ampang. A lot has been said on the matter, so we won’t say much, but it only serves as a reminder that it has happened before, and will happen again.
People always talk about boom-bust cycles of the economy in terms of 10 year cycles. The last 2 were in 1987 and 1998. Its about time, then, now in 2008-09. Call it cliched or just a law of economics, or maybe just a self fulfilling prophecy 
Hi Administrator,
Happy new year to you too.. Just wan to say a well done well on this blog. It has given us a lot of information for new launches around.
There is a new service apartment - Zest @ Kinrara 9 located a long Puchong Sg Besi Highway, Appreciate you could do a review on that project as well. Target lauching will be somewhere around February, TQ
Comment by BK9 — January 4, 2009 @ 1:33 pm
yep, we will be reviewing the project soon.
Comment by Administrator — January 5, 2009 @ 3:50 pm
The Zest in Bandar Kinrara is reviewed here:
http://propertymalaysia.blogsome.com/2009/01/21/the-zest-bandar-kinrara/
Comment by Administrator — January 21, 2009 @ 2:51 pm