ok bro. lets see.

wah KH bro and noblebaby bro oso hood @ KLEC

Klec residential condo sales status exceeds 50% at this premium pricing? Heard many cancellations.

Hahaha...

+1

How reliable is this news? Heard that only few units left. Any reason why they cancel?

Cancel or Loan rejected?

My friend went to their sales office last weekend but only few left. SA showed him the list and only handful available...

Heard many cancellations???

dont bother lar... many sour grapes...

I doubt price is an issue for KLECO coz above 1k psf is quite a norm for prime area, not to mention those close/next to MRT.
Jam wise? Same same anywhere in the city. Try getting out from klcc during rush our esp Jalan Tun Razak.
To me, the only draw back for this KLECO will be the layout (toilet facing out n room at the back). Who wants a perfect view while taking shower?
Majority falls under this design. :-(

But if future design same as now, those wanted to stay here have to bare with it lor. Just like PJ people buying leasehold becoz majority PJ is leasehold. Bare in mind, future launching will not be same price.

Will this investment make money? I don't know n many dun know neither.
what I know is having the ability to hold and with plan b or plan c are very important.

KLEC selling at 1000psf, but north point mid-valley only selling at 700psf. Also, even The Park selling at 600psf (this is Bangsar South )... Even the KL gateway also selling 800psf... Just curious why investor not going for others in stead of KLEC...

Dunno how true is north point is letting go at 700 psf ... most likely the agent will reply "sold out" when u call ...

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Added on November 19, 2012, 12:39 amThis is not a good analysis.
Out of 50 units in iproperty only 2 units are with price btw 682 - 732 psf.
The rest 40 ++ northpoint units with average price btw 800 - 900 ++ psf.

This post has been edited by ioriyagamii: Nov 19 2012, 12:41 AM

Brisk sales of KL Eco City first phase

By BUSINESS TIMES
KUALA LUMPUR: SP Setia Bhd recorded sales worth RM2.5 billion under the first phase of its RM6 billion KL Eco City integrated property development project here.

SP Setia president and chief executive officer Tan Sri Liew Kee Sin said the company has sold 90 per cent of its condominium and other residential units, strata offices (100 per cent) and eight out of 12 boutique offices.

“The buyers are mostly Malaysians and we expect to launch phase two by the end of next year … we also expect to sell the remaining unsold 10 per cent within the next two to three months,” Liew told reporters here yesterday at the launch of its Setia International Centre sales office.

KL Eco City, which is a joint venture between SP Setia and Kuala Lumpur City Hall, has a gross development value of RM6 billion and is spread over four phases with construction period spanning over 10 years.

Situated across the Mid Valley City behind the Kampung Abdullah Hukum light rail transit station, the 9ha green project comprises of three residential towers, three corporate office towers, serviced apartments, a retail mall, 12 boutique office blocks and strata offices.

The project is SP Setia’s largest property project in Malaysia.

Malaysia’s most valuable property company by stock value is also investing RM150 million to build four dedicated interchanges to directly link KL Eco City to all major expressways coupled with an internal two-tier road system as part of its efforts to solve traffic congestion.

On another note, Liew said SP Setia will hold a media briefing on December 12 to talk about its plans for next year.
Also present at the launch was Minister of Federal Territories & Urban Wellbeing Datuk Raja Nong Chik Raja Zainal Abidin.

This post has been edited by noblebaby: Nov 29 2012, 12:49 PM

Brisk sales of KL Eco City first phase

By BUSINESS TIMES
KUALA LUMPUR: SP Setia Bhd recorded sales worth RM2.5 billion under the first phase of its RM6 billion KL Eco City integrated property development project here.

SP Setia president and chief executive officer Tan Sri Liew Kee Sin said the company has sold 90 per cent of its condominium and other residential units, strata offices (100 per cent) and eight out of 12 boutique offices.

“The buyers are mostly Malaysians and we expect to launch phase two by the end of next year … we also expect to sell the remaining unsold 10 per cent within the next two to three months,” Liew told reporters here yesterday at the launch of its Setia International Centre sales office.

KL Eco City, which is a joint venture between SP Setia and Kuala Lumpur City Hall, has a gross development value of RM6 billion and is spread over four phases with construction period spanning over 10 years.

Situated across the Mid Valley City behind the Kampung Abdullah Hukum light rail transit station, the 9ha green project comprises of three residential towers, three corporate office towers, serviced apartments, a retail mall, 12 boutique office blocks and strata offices.

The project is SP Setia’s largest property project in Malaysia.

Malaysia’s most valuable property company by stock value is also investing RM150 million to build four dedicated interchanges to directly link KL Eco City to all major expressways coupled with an internal two-tier road system as part of its efforts to solve traffic congestion.

On another note, Liew said SP Setia will hold a media briefing on December 12 to talk about its plans for next year.
Also present at the launch was Minister of Federal Territories & Urban Wellbeing Datuk Raja Nong Chik Raja Zainal Abidin.

Good sales despite the high price.

From the photos online, the new sales gallery looks great with new KLEC model. Will visit by end of Dec.

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Added on November 29, 2012, 1:57 pmS P Setia chalks up RM2.5b sales for KL Eco City

KUALA LUMPUR: S P Setia Bhd has achieved total sales of RM2.5bil for its RM6bil Kuala Lumpur Eco City project which it launched a year ago with Kuala Lumpur’s City Hall as joint venture partner.

The project will be another successful venture for S P Setia which will unveil its full year results on Dec 12.

S P Setia president and chief executive officer Tan Sri Liew Kee Sin said the results should be good and that next year’s forecasts should be even better despite the global uncertainties and the general perception that the property market was showing signs of slowing down.

“Looking at the response from Malaysians, whether it is Kuala Lumpur Eco City or Battersea, London, Malaysians are very positive about the country’s economy.

“But wait for Dec 12. We will provide the group’s total sales and next year’s forecast, which will also be positive,” said Liew at the launch of the Setia International Centre (SIC) in KL Eco City in Bangsar.

The centre allows buyers and investors to view the group’s investment-grade products, both local and international, under one roof.

“We want to share the different dynamics and project features that are unique to our various overseas developments.

“This will be an opportunity for them to invest overseas with a home-based developer they are familiar with. SIC will be a local service centre for our overseas property investments,” said Liew.

On the progress of its KL Eco City located strategically across from the Mid-Valley Mega Mall, Liew said sales have been good, with 90% of its Vogue Suites One comprising 708 units sold since its launch a year ago.

Eight out of 12 boutique office towers, which offer a floor space of between 60,000 and 70,000 sq ft per block and 100% of its strata office block have also been sold.

The company will retain a retail space of about 300,000 sq ft, a residence and hotel block and a 40-storey office tower with net lettable area (NLA) of about 750,000 sq ft for recurring income. City Hall, being the land owner will have a 38-storey office tower with NLA of 400,000 sq ft.

Phase 2 is tentatively scheduled for the end of next year after the road and transport infrastructures are completed. KL Eco City will have total net lettable/sellable space of 5.7 million sq ft when completed.

The company will invest about RM130mil in four ramps to improve access and connectivity and a further RM25mil in transport linkages for a Komuter station and underground space for a possible Circle Line station.

Besides KL Sentral in Brickfields, the KL Eco City project will be the only other to enjoy an integration of all three rail lines the light rail transit, My Rapid Transit and Komuter line.

On its Battersea Power Station project in London, the first 800 apartment units will be launched in the first quarter of next year with an international roadshow in Singapore, Hong Kong and the Middle East. It is expected to end in London by April/May.

Phase One, with a gross development value of £1bil, is an inverted S-shaped block when viewed from the front of the Power Station, was deliberately planned and designed this way to enable as many of the apartment units as possible to have a direct view of the iconic four towers which was built in the 1930s and 1950s. The 39-acre acre development is master-planned by Italian Rafael Vinoly.

This post has been edited by noblebaby: Nov 29 2012, 01:57 PM

Visited the new office last friday, very spacious! even the whole KLEC model also very big with LED light blinking inside, very nice!

That office also got scale model for their London development.

Left 40something floors when I went on sunday

how many unit left? CEO said expect to sold out in the next 2-3 months. So bullish! maybe giving out discount.

2unit for small 710sq feet