yeah heard 70% occupancy MAX. More expats moving in Msia but the supply of high end condo's is far greater than the amount of ppl willing to rent/buy them.
KL has too many iconic projects that will not make KL a high income city.

No dibs no discounts its not gonna be the same anymore

This post has been edited by Wiredx: Aug 6 2014, 08:24 AM

http://kwasaland.com.my/?p=1608

baru sign sign, lambat lagi

Project MX-1 in Sungai Buloh is earmarked for mixed development with 60% commercial content and 40% residential content and an approved plot ratio of up to 3.5x with an estimated GDV of RM8.0b. Based on our 70% utilisation rate assumption on the 64 acres land, MRCB would need to price Project MX-1 at a range of between RM1,000 to RM1,200psf[SIZE=7], which we believe is still achievable given the 60% commercial content in the development.

Source:
http://www.kenwealth.com/upload/market_new...art_1_of_1).zip

This post has been edited by elmond: Aug 19 2014, 01:11 PM

u guys think 1k here is doable with KL Metropolis n TRX being iconic projects as well.. what say u?

if 1st phase alone starts from RM1kpsf, then i think this project will take more than 20 years to develop.
kekeke.

See show only lor if 1k psf. And MRT got passby or not 60% commercial. Later become next KD jam jam jam without MRT.

why drag so long?

http://klse.i3investor.com/blogs/hleresearch/58853.jsp

"The company has not firm up on the first launch date and indicated that the commencement of the construction would only start in mid-2016. Thus, any significant contributions would only start in FY17 and beyond."

even EPF worried about oversupply so they pushing back everything. If they build office plus shopping mall now, it will finish in 2018 when the bulk of the supply is out there.. btr hold back 1/2 years and slowly develop over 20 years..

2016 ah...2 more years only start construction then when only complete? It's like showing sign of slow down in property

that may one of the reason.

my point of view:
MRT & DASH is a must have for this area to booast

MRCB plans indoor theme park in new township
BY OOI TEE CHINGKUALA - 2 OCTOBER 2014 @ 11:39 PM
http://www.nst.com.my/node/39470

NEW DIMENSION IN LIFESTYLE: It's going to be fun, wholesome and family-oriented, says group managing director

MALAYSIAN Resources Corp Bhd (MRCB) is planning an indoor theme park at its new township in Sungai Buloh, Selangor.

“We’re going to put up a theme park. It’s not going to be just roller-coaster rides. It’s going to be fun, wholesome and family-oriented. There’ll be something for everyone,” said group managing director Tan Sri Mohamad Salim Fateh Din.

When asked to identify the theme park operator, he said, “we’re interviewing various parties from all over the world. The evaluation process will take six to nine months”.

Salim was speaking to Business Times on the sidelines of Metropolis Transportation Oriented Development seminar organised by Veritas Design Group, here, yesterday.

Back in 2012, the Employees Provident Fund (EPF) unit, Kwasa Land Sdn Bhd, bought the Rubber Research Institute’s land measuring 943ha from the government for RM2.28 billion. As the master developer of this strategically placed area, Kwasa Land wants this new township to incorporate transport- oriented elements like that of KL Sentral.

This new township, known as Kwasa Damansara, will reportedly to generate RM50 billion in gross development value (GDV) over the next 20 years.

It is to comprise 70 per cent commercial and 30 per cent residential components. It will initially serve the living and working requirements of 135,000 residents with the added advantage of having two mass rapid transit (MRT) stations.

Two months ago, MRCB won the bid to develop the first parcel of land there.

The 26ha, called Project MX-1, is a parcel of mixed development with GDV of RM7 billion.

When asked on the progress of MX-1, Salim said, “we’re building on our own expertise and experience to create a new dimension in lifestyle that will cater to the needs of future investors and the community in Kwasa Damansara”.

another theme park again ?
what would it be this time? Disney, universal studio, lotte world ? Probaly we can know the answer by next year end. waiting .......

So this area gonna be the next sunway ?

A place to live, work and play.

Theme park?
Rubber inspired?

subang aerospace city was one of the NKEA from today news

found the exact location

What development is this at subang airport.....to be launch soon?....any info

So what is the update for this project. Anyone in the know?

Looks like gonna start on 2016, still long time to go.

http://www.theedgemarkets.com/my/article/c...city-begin-1q16