KK Properties Bubble
1borneo, 1Sulaman, Aeropod, chicagoland, foreclosures, properties, real estate, tanjung aruIf you look around Kota Kinabalu lately, there seems to be loads of construction going on… hotels and residences. And that don’t include those completed recently. Right now, there are more than 105 hotels, hotel residents, resorts and resort condos in KK alone.
The 105 are not including budget hotels which don’t have hotel star ratings. Boutique Hotels are everywhere too… it seems that boutique hotels are gaining popularity in KK the last couple of years. When I see all these hotels popping up everywhere, I’m wondering if they have enough guests to survive the stiff competition among them. But looking at the on-going mega hotel constructions, the demand must be more than the supply at the moment… which is good for our economy.
Constructions for residence such as condominiums and housing estates are quite a number too. 1Sulaman which they called self-contained neighborhood which has more than 2000 of condominium units is one example which is going to be completed soon.

Another example is the Aeropod Tanjung Aru which was launched recently. Construction have not started, but this one is going to be mega too… and it is right next to the Kota Kinabalu International Airport. Aeropod will span approximately 60 acres with mixtures of retail, offices, F&B, serviced apartment, SOHO, Corporate Office, boutique hotel and 5-star hotel… and I like this. Probably this is where I should buy an apartment.

But with world economy condition which is not favorable at the moment, will there be properties bubble burst soon?… will there be foreclosures effects… like foreclosures chicagoland? If burst going to happen, then it is not the right time to buy properties… but if economy going to turn great, then collecting properties is the way… real estate business will be good… 😀






On Wednesday, immediately after the MCSE class, 5 of us rush to 1Borneo to catch the Where Got Ghost? movie…
The registration counter is next to the Canon booth which is a bit dark… in my opinion the location is not very suitable since there is not enough light although it is right next to the stage. I registered my 40D and it seems that I’m number 7 or something like that.
While waiting for my camera, I went to meet Flenagen at his 999 Portraits Project booth. He also submitted his camera for cleaning. I ‘volunteered’ myself for the 999 Portraits Project… so I did keep my promise to do it 😆 I asked my colleague to participate, but ‘malu malu kucing’ also…
Then he shows me here and there with his special magnifying tools… he even draw a diagram so that I can see where the dirt is. I don’t see any dirt… maybe I don’t want to see it… I asked if it can be clean, he said can but has to do it in KL… haiya… KL again… How long? How much?… 2 to 4 weeks… if can clean about RM200 – RM300, if cannot still need to pay RM85… Haiyoo… if like this I have to take camera’s insurance… something like the
After the fireworks photo session in the previous night, I went back to 1Borneo for the Big Boyz Toys – Beauty & The Beast the next afternoon for car show. The cars are displayed at the LG and G floors.
At the G floor, they put all the so called Big Boyz Toys… Z4, Lotus, Lexus, Ferrari etc… Although they called it big boyz toys, I don’t think those cool cars have any
They also have photography competition but I’m sure the organizer did not do a proper event plan for the photography competition… nobody knows what to do or how to enter the competition. I approach the MC and ask about it, but he also doesn’t know what’s going on… he asked me to talk to the ‘event manager’… I went to meet the ‘event manager’… he admitted everything are last minute… at the end I did not enter the competition because I only carried my Sony T200 with me although I manage to get some shots at the models 😀
I called my friends and told about it because there will be another session next day, Sunday… And they did go for the event… but I did not coz I was so tired.
I almost cancelled my plan to join the others for the fireworks events at 1Borneo last night. It all because me and my boss went to meet the Director at 5pm. We only came out around 6.15pm! Furthermore, after that I have to send someone to Hungab and another at Kolopis!

Lucky the jam was not that long… I manage to meet them at the kedai kopi around 8pm. Ordered my drink and food… fried rice only 😛 Eat quickly then 2 of my friends hop into my car and we went further away so that we can get better view… about 1km – 1.5km away from 1Borneo. We set our gear on the road island… there was not much people there. Only the 3 of us using tripod 😀 Wonder where the other photographers…
The show did not start at 8.30pm… we got ‘insider info’ that it’s going to be delayed to 9pm and it’s going to be shoot from the top of the hotels at 1Borneo… Novotel or Mercure. Exactly at 9.02pm the show started… and I was still posing for photo 😛






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