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Investment KL ECO CITY | VOGUE SUITES ONE | VIIA RESIDENCES, The new "CBD" of Kuala Lumpur

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icemanfx
post Jun 9 2017, 11:45 AM

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QUOTE(BEANCOUNTER @ Jun 9 2017, 10:31 AM)
but this setia mall more like 'integrated' with midvalley.......one of the top malls in the world....

lain cerita......

but over supplied of malls is really affected the biz.

US online retail purchases is at 10% or more.......
Malaysia online retail purchases is at 2%.........
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Believe only retailer and eatery can't be accommodated by mv will be at setial mall. How attractive are these retailer and eatery to mv shopper?


This post has been edited by icemanfx: Jun 9 2017, 01:11 PM
icemanfx
post Jun 12 2017, 12:17 AM

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QUOTE(accetera @ Jun 11 2017, 06:40 PM)
Shoppers in Malaysia dont take LRT/MRT.

Mid Valley derives almost 90% of traffic crowd from Private Cars and the rest mostly on buses.

I use this LRT Line often and I dont use it for shopping or business purpose.

Transport pattern for KL will change... but it will take time, likewise our current LRT system took almost more than a decade to see a major jump in ridership.

Another thing even though ridership has increased, the demographics taking LRT/MRT hasn't change much. It's important to note also that KL's foreign population is abit different than other cities. The local high income earners** (>RM5k) are pretty much still on private cars, with many more private cars ownership causing more jams than ever. **Some exceptional cases do exist.

The recent newspapers did published several negative feedbacks on our current MRT1 which is suffering from a "very low" ridership, let's hope for better at Phase 2.

The same issue with KL Gateway where LRT is not contributing any shopping footfall, and when retail is subdued, the sentiment for offices and condo is subdued ontop of the current market situation.

Above all, right now is tenants/buyers market, so their demands, sometimes ridiculous, will dictate the market further.
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During weekend and holiday, people go shopping for a good time. the issue is not about lrt/mrt but getting from lrt/mrt station to home/shopping center. heaty, sweaty and sticky walk or wait is not a good time to many.

icemanfx
post Jun 23 2017, 10:42 PM

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QUOTE(Cruzer @ Jun 23 2017, 03:05 PM)
whats is everyone's waiting list like for collecting keys. last i heard is end July ?? fully booked until then. is it true?
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Appointment full or not is for the developer to decide. contractor need time to touch up to be handed over unit.

icemanfx
post Aug 7 2017, 12:45 AM

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QUOTE(chongmelvin2238 @ Aug 6 2017, 10:40 PM)
Viia is 2.5 years from now. Possible market recovering. Higher office take up rate. Definitely Bridge to MV is done and possible MRT circle line. Vogue Suite is now and NOW is so cloudy.. 😅
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Given number of condo vp in next 2 years and direction of the gomen, it will be a miracle if property market recover in 3 years time.

icemanfx
post Aug 8 2017, 01:32 PM

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QUOTE(myproblem @ Aug 8 2017, 12:48 PM)
Those Super VIP got it very low price, think below $800/sqf. They are the 1st one to throw the price and it will snow balled when rental don't do well. Don't forget the place is isolated. Not much makan, no transport...
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If syndicate cost at $800/ft2 and sold for $1000/ft, don't think anyone would complain about the profit, and can't say is throw price.

This post has been edited by icemanfx: Aug 8 2017, 01:40 PM
icemanfx
post Aug 8 2017, 06:26 PM

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QUOTE(BEANCOUNTER @ Aug 8 2017, 05:39 PM)
Below 800psf? Small units?
I need to see the spa to believe it...
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Spa price after discount, rebate, cash back?

icemanfx
post Aug 11 2017, 01:44 PM

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https://dbv47yu57n5vf.cloudfront.net/s3fs-p...2470_locked.pdf

According to the above, average price in klcc vicinity in 1Q2017 is rm889 psf.

icemanfx
post Aug 12 2017, 12:28 PM

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QUOTE(Babizz @ Aug 12 2017, 08:41 AM)
quite disappointing lah. given all the hotels in MV record very high occupancy, don't tell me they cnt bring in a 5 star int'l operator? even i city can bring in doubletree by hilton.

when is the mall opening? tht could help with rental here.
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Hilton, Marriott, etc are hotel management. Almost every building owners could engage them but need to build to their requirements, pay for consultancy and management, etc fees. At current room rate, construction cost, etc in KL, hotel operation alone is hard to be profitable.

In mix development, developer profit is mostly in property sales, hotel is mostly built to attract property buyers.

This post has been edited by icemanfx: Aug 12 2017, 02:57 PM
icemanfx
post Aug 12 2017, 03:01 PM

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QUOTE(BRE @ Aug 12 2017, 01:46 PM)
Look 4 china hotel mgmnt co like wanda lo cheaper also! Tropicana engaged them 4 their langkawi hotel
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Believe they engaged chinese hotel management mainly to cater for chinese tourists. room rates asked by chinese tour operators is lower than most owners like to accept.

icemanfx
post Aug 12 2017, 10:13 PM

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QUOTE(PabloTH @ Aug 12 2017, 09:47 PM)
Hotel operation is not profitable? Wat weed r u smoking?
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QUOTE(Syamnizar @ Aug 12 2017, 10:00 PM)
They did open tender for Hotel Management, and few well known hotel management show interest. Submited their proposal.

But, SP Setia decided to manage it in house. Not feasable.

Too many player within 3km radius. From 3 to 5 star.

The Gardens.
Pullman Bangsar
Boulevard
Sheraton PJ
Hilton PJ
St Regis
KL Hilton
Le Meridian KL
VE Hotel
Capri

Ohhhh and AirBNB....
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Operating a proper 4/5 star hotel is different from guest house out of shop lot.

icemanfx
post Aug 25 2017, 10:04 PM

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QUOTE(JustNoeL @ Aug 25 2017, 05:40 PM)
what they offering now as package? call them like dont want tell. Viia residence
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About 100 units could be available at previously launch price or even lower.

icemanfx
post Jan 21 2018, 11:58 AM

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QUOTE(BEANCOUNTER @ Jan 21 2018, 10:59 AM)
within KL ECO City lah.......

Eco City is bad luck. Vped in the wrong time. Imagine Eco City Vped in 2009.....it will be a force to be reckon with. Bangsar South will play supporting role.
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dibs wasn't available before 2009, not many could buy.

icemanfx
post Jan 21 2018, 01:34 PM

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QUOTE(BEANCOUNTER @ Jan 21 2018, 01:07 PM)
sell cheaper loh.....

you think b4 2010.....kul cant sell any condos meh......MK still BBB leh even then.
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Rental yield in mk during that period was about double of current.

icemanfx
post May 6 2018, 10:28 AM

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QUOTE(empatTan @ May 5 2018, 11:18 PM)
1800?! U know how much these owners paid?!!

tongue.gif
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QUOTE(BEANCOUNTER @ May 6 2018, 02:32 AM)
Summore two cps....

Loweat rent 2cps ong location.....

Waterfiahes where are you?
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During the bull run, landlords were looking for water fish to pay their loan installment. Guess the tide has changed.

icemanfx
post Aug 3 2018, 10:54 AM

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QUOTE(DesRed @ Aug 3 2018, 08:57 AM)
Not really. More like they have to negotiate with both the MidValley management and some Chinese restaurant (could it be Madam Kwan?) occupying that space to relocate or sth. hmm.gif
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Negotiate with mv tenant and management at this stage of construction?

icemanfx
post Aug 12 2018, 03:39 PM

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QUOTE(j0hn____ @ Aug 12 2018, 03:26 PM)
KL ECO CITY MALL
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Who are anchor tenants?
icemanfx
post Sep 4 2018, 11:45 AM

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QUOTE(j0hn____ @ Aug 22 2018, 04:50 PM)
today ^^
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QUOTE(j0hn____ @ Sep 4 2018, 11:29 AM)
EASY WALKING DISTANCE VIA PEDESTRIAN LINK BRIDGE
The connecting factor between KL Eco City and The Gardens Mall, Mid Valley City is the specially designed and aesthetically pleasing pedestrian bridge. Distance from the LRT station to The Gardens is only 250m via the bridge and once open it shall connect conveniences and excitement between the two hot locales.
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the link bridge doesn't appear to connect to gm/mv soon.

eco city mall is a competitor (in retail tenants) to gm/mv, it is in gm/mv management interest to delay the connection.

This post has been edited by icemanfx: Sep 4 2018, 11:46 AM
icemanfx
post Sep 4 2018, 12:05 PM

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QUOTE(BEANCOUNTER @ Sep 4 2018, 11:49 AM)
are you indicating Setia purplely saboh the collapsed bridge so that ECOCITY wont connect to MV? devil.gif

IF the bridge hasn't be fallen down, it will have connected same time with ECOCITY vped jor.
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The collapsed bridge was poorly designed and badly executed.

If one looks at gm/mv side, not much is prepared for the link bridge.

Gm/mv has a long waiting list of potential tenants, could choose and dictate terms almost unilaterally. If link bridge is connected, many of these potential tenants will open in eco City Mall instead and existing gm/mv tenants will use eco City Mall for bargaining when tenancy is up for renewal. Further, gm will loss rental income on access to the link bridge.

This post has been edited by icemanfx: Sep 4 2018, 01:22 PM
icemanfx
post Sep 23 2018, 01:14 AM

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QUOTE(BEANCOUNTER @ Sep 23 2018, 12:03 AM)
If you are bizmen you wouldnt think like this.

There is always opportunities when commercial areas are enlarge.

Keep competing in isolation wouldnt be healthy.

Say for me, i rather go to pavillion klcc than mid valley bcos there is no lrt mrt or even monorail. But if lrt and walk bridge access opens you will see me more often in mid valley.
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Shopping mall management/owner income is from rental income. If mv is connected to klec, it will undermine mv management bargaining advantages.

As long as shoppers are still visit and there is a long waiting list of tenants, mv management is reluctant to connect to klec.

This post has been edited by icemanfx: Sep 23 2018, 01:15 AM
icemanfx
post Sep 23 2018, 08:27 PM

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QUOTE(gks @ Sep 23 2018, 05:20 PM)
It is a win win. MV will have additional crowds from KLEC office  workers and LRT users

KLEC does not need to build amenities for their office tenants where the retail ecology is just next door.

For me, they complement each other.
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Mv mall owner income is from tenants. If mv n ec are connected, those tenants on waiting list may set up in EC, those tenancy up for renewal could threaten mv to move to ec. It will be detrimental to mv interests if ec is connected.

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