Almost 90% still empty...NO BUYER ??.
The gate is closed due no tenants ........
Anyone agree with the below statement ( from the public).
I am dead against anyone buying any properties in Kuching and this is for a variety of reasons.
Among them:-
1. Cos do not justify what you get
2. Kuching have been over built
3. Buyers are enriching the developers and the ruling family
4. Buyers are paying for inefficient and out dated construction technology and via this Sarawak/Kuching contractors take 30-40 percent extra time to built houses and this is translated to hefty labour and holding cost for the developers/contractors and subsequently pass on to buyers
5. Many buyers are buying for investment and hoping that it will appreciate in value and subsequently resell it. The question is how many have actually make money investing in residential houses!!
On the Tribunal, it will take a long time and I suggest DAP start a column blacklisting Property Developers and their Directors instead as have been done by ad-hoc bodies in Semanjung in the Past.
It is a shame that we cry when we discover we are fleeced by this unscrupulous developers when no one is high lighting the present mirco economics of the housing situation in Kuching.
Is it true that Kuching have been over built...now just look at the empty apartment (pic above) still empty since completed about 10 month ago (if I'm not mistaken).
