Developing and investing is two different thing altogether.

They develop project based on demand. Irregardless if it is a genuine demand or not, as long there's demand and all unit can be sold.

All the merit are not calculated based on occupancy or market price upon VP.

Most of the merit are given before the project is completed, calculated based on design, flow, green and etc etc.

During the property bullrun 2010-2015, investors flooded the market which created massive demand & developer gives lots of rebates and 0% downpayment to sell projects.

So now, its the after-effect.....

M-Vertica - Still under construction
The Eden - Some phases completed
M-Residence 2 - People complain so far away
Southville - You know, i know.
D'sara Sentral - Almost complete, but the question is will people use MRT after buying an expensive house? If no, then better buy anywhere near within KL.
Icon City - Low occupancy for commercial.

Correct me if im wrong.

This post has been edited by ameer1988: Jan 7 2019, 01:12 PM

Stayed at one of the Airbnb in Iconcity few weeks back. Woah the commercial is super dead weh. Better just be full residential rather than a 'dead city'.

If MS develop iconcity2 as a shopping mall, I think it'll be dead as well.

That prediction 9years back 😄

Their consultant also fees kena squeez kaw kaw.

That's why the architect also not proud of this project.

Star Avenue mall is a neighbourhood mall a.k.a an small open concept mall.

No point comparing.

If you want to compare, u can compare Star Avenue with Citta Mall, Centerpoint BU, Sunway Giza and etc etc.

Hahaha i like your sarcasm.

Well, for MS, as long as it hit their KPI/annual target sale and let their sales agent do all the future prediction. kihkih

Higher management sees money, money and money.

This post has been edited by ameer1988: Feb 21 2019, 09:45 AM

I think Star Avenue is banking on Kwasa Damansara.

But seems like Kwasa Damansara is slowing down and it will take years to develop.

aiyo mahal nak muntah.