QUOTE(intoxicat @ Apr 4 2017, 09:36 AM)
There are a few other integrated developments that were launched around the same time back in 2010-2011 together with this development, namely :-
1. Sunway Velocity, launched April 2011. Velocity Shopping opened December 2016.
2. Uptown Residences, launched end of 2011. Stirling Mall opened January 2017.
Why the other developers can deliver on their malls despite the challenging market?
Whether there are too many malls in KV, is a separate issue. The point here is developer promised a mall when they were selling the overpriced products (which were overpriced to fund their cash flow to build the mall), but failed to deliver on time.
Argument that the apartments/offices may not necessarily do well even with the presence of the mall, is again a separate issue.
Its like you invest in Bandar Malaysia because of the HSR, and after VP, you are told that it is still in planning stage......enough said.
I also didn't know Icon city has phase 2 let alone ada mall.........
the mall part of biz is really hidden.
I dun pretend to be known this icon city very well as I never paid close attention to this project. I know MS cant deliver and the site and location just not suitable for project like this.
whereas other projects such as BBCC TRX Velo all have 'visionary mall' being promoted as part of their projects.
same like Icity in shah alam...apa mall from Thailand and Empire City...ada paris Hilton mari dan pergi. Now these two project buyers are banging balls now....
Paradigm OUG....they sold with mall clearly indicated as part of the project. when now they cancelled the mall, they are refunding the money to early purchasers and cancelled the spa.