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KK Properties Bubble

1borneo, 1Sulaman, Aeropod, chicagoland, foreclosures, properties, real estate, tanjung aru

If 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… 😀

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My Last Weekend

airplane, beach, bra, KKIA, life, model, photography, tanjung aru

Last Saturday, 9 May 2009, went to Jesselton Point jetty to take photos with a friend, Willy. Nothing much to do there I guess. We were there from around 10 to 12 I think… lucky it was not that hot that day, probably still consider morning… but it was quite hot in the late afternoon.

The plan was to test my new lens… Canon EF 70-300mm f/4-5.6 IS USM. Formerly I was using my friend’s Canon EF-S 55-250mm f/4-5.6 IS. For now, I don’t feel much different other than the extra 50mm and the USM. But it’s cool to hold the lens… feels more solid and big.

Then on Sunday, after sending off my sister to the KK airport, I took my nephews to the Tanjung Aru 3rd beach to watch the airplanes landing and taking off. If you are familiar with the airplanes viewing spot, you will be saddened… if you have not been there for sometimes the place has been fenced.

Previously there are some areas where you can park the car near the runways and watch the airplanes. But now, the fence has been moved right next to the road until there are no more places to park cars.

I spotted a photographer… he is an airplanes spotter I guess. He use a tall ladder so that he can snap the airplanes landing and taking off above the fence. I did talk to him and he is an airplanes spotter for BKI… the Kota Kinabalu International Airport… KKIA.

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