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Articles Archive
SERVICED APARTMENTS ARE ON THE RISE AGAIN
04th December 2004
Serviced apartments were popular in Kuala Lumpur during the early 1990s, a time when there was an influx of expatriates and the country’s economy was thriving. That market however dried up when the Thai baht collapsed bringing with it, the rest of the region’s economies.

HOTEL REBOUND
11th December 2004
Never in living memory has the Malaysian hotel market experienced such a wild roller-coaster ride in such a short period of time as it has undergone in the last four years. Already reeling from the aftershocks of the Asian currency crisis of 1997, a stock market in free fall, and the broad economic recession, volatility in the industry heightened as travel came to a virtual standstill following two major tragedies of global proportions.

COMBINING ENTERTAINMENT AND RETAIL
18th December 2004
This Christmas season, Myer Department Store came up with a novel idea for its window display at its centre located at Bourke Street Mall in Melbourne. Five of its mall-fronting windows were dressed up with scenes from “The Polar Express” – a CGI-animated version of Chris Van Allsburg’s charming 29-page picture book, which is being aired in cinemas worldwide.

MUSEUMS: A CATALYST FOR GROWTH
25th December 2004
Dan Brown’s bestselling novel “The Da Vinci Code” begins and ends its story in the Louvre, Paris, one of the oldest and most famous art museums in the world. Originally designed as a palace, the Louvre was eventually established as a museum in 1793. In the last two decades of the 20th century, extensive renovations were carried out that modernised the building, doubled its exhibition space, and increased its research facilities. It now attracts more than four million visitors a year, and is the most popular museum in France which is known as ‘The Land of Museums’. Museums in France contribute significantly to the tourism industry – in 1997, the 1200 official museums in the country received 65 million visitors; one third of these were foreign tourists.

THE OVERHANG SITUATION IN THE PROPERTY MARKET
25th December 2004
An INCREASING TREND was noted for residential overhang from Q3 2003 to Q2 2004, where it gradually increased from Q3 2003 (7,647 units) to Q2 2004 (11,199 units), with a total growth rate of 46.4%.

PROPERTY ROUND-UP FOR 2004/2005
25th December 2004
Six months into 2004 : the country’s economy was steadily gaining momentum and registering impressive growth rates at 7.6 per cent in the first quarter and 8.0 per cent in the subsequent quarter. The upswing in global electronics demand as well as favourable commodity prices continued to support the rise into the third quarter with a 6.8 per cent growth.