Walau how to buy like that? Might as well wack KLCC area at that PSF! I'm glad I have an egg in Bukit Jalil already. How are the subsales going to react to these new launch prices?

Wa 38 floors!!! This will be a massive project. Developer confident it will be si beh Ong!!!

Mont Kiara/Bangsar prices by 2018? Probably not that quick. Maybe after mall completes and mall is proven to be very successful. However the area is already proven to be premium, so should be very possible. With LRT + upscale mall, the sky is the limit for Bukit Jalil.

Bukit jalil is really becoming a premium address. Same psf asking prices as Mont K, Bangsar, Damansara etc already! 850-1000 psf is really reserved only for the upper middle to upper class.

Air con bridge should be good for the mall, but yes it is quite a distance and over kesas as well. The Pavi one to lrt I think not possible since it's too far away. Even a covered elevated walkway would be good enough. Or shuttle busses.

Do you think Pavi-Paradigm will be like 1Utama / Curve? Hope both malls can prosper even though side by side. So Bukit Jalil will be like Damansara Pendana?

I think chance of Pavi failing is very very slim. Since they are not selling individual shoplets, they are just leasing them out. This means the Pavi management can pick and choose the tenants.

I'm already vested in Bukit Jalil with an own stay condo at Savanna so I'll be really happy when all these projects are completed. Cannot believe I bought at 320 psf in 2010 and it's 600psf now.

Once malls and lrt extension completed I think 700-800 psf should be the norm in BJ with Aurora (Ho Hup) and Malton projects with slight premium of 900-1100 due to location immediately above the mall.

Link 2 hybrid mall should also boost prop prices in the area if done well. Hope it turns out like Publika! I think Bukit Jalil is actually better than Mont K due to the fact that there is actually LRT access in BJ. Also distance wise to KL, BJ and Mont K are both very close. Could argue that BJ connectivity is better.

If Pavi2 offices are also running at full capacity BJ would really be an integrated township where you can study, work, shop etc.

This post has been edited by ivanpei: Aug 1 2014, 02:07 PM

I really doubt prop prices will drop in Prime locations such as Bukit Jalil. Growth will be slow lar definitely since prices are so high already. The dangerous props are the new condo launches in Kajang, Sungai Buloh, Seri Kembangan, Shah Alam that are selling 500-600 psf which are seriously overpriced for their location.

In BJ, if purchasing 550-600 psf subsales still ok lar. New launch at 600-700 psf like Link2 phase 2 I don't know lar, quite pricey but still better than putting money in a far away location. Pavi2/aurora pricing at 850-1000 psf too much tool swallow d lar. But still kenak sapued clean clean. Scary!

This post has been edited by ivanpei: Aug 4 2014, 08:27 AM

Old old one (more than 10 years) got lar like Arena Green but that is more working/middle class grade. The rest of the 2 bedrooms will be the new launches lor from Excim, Berjaya and Ho Hup. Older Upper middle class condos like Treez, Savanna, Covillea, Km1 mostly bigger units 1200 Sq ft and above.

I'm not sure about Kiara Residence and Z residence, maybe you can check.

This post has been edited by ivanpei: Aug 4 2014, 08:49 AM

I agree fully that below 700 psf subsales are still ok buys. I'm also holding on to cash at the moment now as prices are really extremely high right now and I do not want to over leverage. An increase in interest rates by 1 percent or more will really wreck alot of havoc if we don't sit on some cash to survive through it.

As for prime vs growth, do you think @ 700 psf Bukit Jalil can still have room for strong growth? The prices are already comparable to other prime areas.

@ Babizz yes I'm currently living in Bukit Jalil. But I bought Savanna subsale in 2010 so I'm pretty safe.

This post has been edited by ivanpei: Aug 4 2014, 09:42 AM

Yes agree 25 basis points is not much.

Just wondering how much Bukit Jalil can grow in terms of price psf. KLCC has been stagnant at 1000-1200 psf for few years now already. Mont Kiara prices also not moving much as roughly 700 psf. Bangsar is also about 800 psf.

I don't expect BJ to be as expensive as Klcc. And ideally it will turn out like Mont K and Bangsar. But BJ is already as expensive as those areas. Will the mall and lrt catalyst boost BJ pass Mont K and Bangsar?

Serviced apartment definitely commercial lar. Condominium means residential. Since the mall below it the land definitely is commercial.

The 800+ psf talk above is about the Ho Hup Aurora Sovo without parking etc. The new malton/ho Hup residentials I'm sure everyone is eagerly waiting for launch. But indicative pricing of 1k psf is really going to be the landmark in this area.

This post has been edited by ivanpei: Aug 19 2014, 10:33 AM

Worse case scenario is something like Paradigm/Tropicana style mall with the usual tenants like uniqlo Topshop Zara etc. By regional mall they are hoping it will be more Midvalley sized and scale with LV, Gucci etc etc. Compared to the other upcoming malls I think this Bukit Jalil one has the best chance to reach that high end level due to its location and also management. Malton is already a proven high end mall manager as shown by Pavillion. Did you know that mall management can influence brands to open in certain new areas.

For example Suria KLCC can influence brands to open in Alamanda shopping mall so that the brand can secure a spot in KLCC as well. In that case Malton Pavi management has a lot of sway in getting good tenants and brands to open in BJ with the same tactic. Also BJ may be the new center of Gravity for Klang Valley. It's conveniently situated in the middle of greater Klang Valley between east west of Cheras- Shah Alam/Subang and North South Kepong-Putrajaya. It's right in the middle.

This post has been edited by ivanpei: Aug 20 2014, 09:17 AM

See lor that's why got risk one mar. Even paradigm residences already 1k psf. Its standard for devs to charge what market is willing to pay.

Church open for some while d. The latest TED leadership international event was heldat Calvary Convention Centre. I Think BJ is really hungry for commercials, especially a decent mall, so I'm pretty confident this Bukit Jalil City will do well. Whether it will be luxury ground-upper ground floor like Pavi or just normal like Paradigm/Tropicana or in between with Coach, British India like 1Utama, I don't know.

If in between, ie 1utama/Sunway Pyramid at 1k psf I think the price is worth it. If ends up becoming like Tropicana or Paradigm level, your money better spent elsewhere. If end up "atas" like Pavilion, win liaw lor, make big money. No crystal ball, don't know lar haha.

This post has been edited by ivanpei: Aug 20 2014, 02:14 PM

As long as KV population keeps booming, which is very likely, the drop off won't affect MV much lar. MV is already so congested and crowded as it is. Slight drop off can be absorbed imo.

I definitely will avoid MV once the BJ/OUG malls are ready. Since its closer and newer, shinier. Hopefully the mall class in BJ will be as high as everyone hopes it can be! Looking forward to all the fancy coffee shops and restaurants.

That's true. So many malls are fighting to control KL south traffic which at the moment MV is still dominating. I think among these probably only BJ City can challenge MV in terms of scale/size location.

No way anyone from PJ or KL center will drive to Putrajaya just to shop lar. That's way too far. Bukit Jalil is half the distance from the high density areas such as PJ /KL to Putrajaya.

Only people who work or stay in Putrajaya will shop there so expect neighbourhood mall grade only. Different target segment lar, you know the sort of demographic in that area also. Mainly government servants with limited purchasing power.

From ufo taikor post Datuk Desmond willing to bet billions on this mall. Mall is 100% owned by Malton and won't be sold, that shows how confident they are in this project.

Any more info on the under pass? The issue is the jam from Kesas to Bukit Jalil highway. Anyway to eleviate this? Thank you very very much!!!

This post has been edited by ivanpei: Aug 22 2014, 04:49 PM

Wow in the shop lots or in the mall itself? If in the shoplots whoever bought the shops and can rent out to bank rich liaw!!!! Banks really confident in this project. This speaks volumes about this mall and this area.