Cyrus, see you anywhere..How is the sale lately? Slow down in Malaysia?

In this case it's 400+ units and 30-40 shop lots sold.

Pray harder....

Yup, pray harder ....

The confidence from Village Grocer Grp is a good sign. Poor Element, they are at the back of M City


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not sure whether this will go through.. but here's a redevelopment for RISDA, next to MCity




This post has been edited by accetera: Oct 30 2011, 08:36 PM

Thanks.

More facts to support the 1k psf price of M-City

Wow, the price has sure gone up a lot. I bought a duplex Soho at 18th floor facing the lake for only RM656k after discount and now for the same price can only dapat a 1 room service apt. Luckily I did not surrender my unit like what my other 2 friends did. Personally I like the whole concept (if they can deliver exactly what they promised). I work along Jln Ampang and I am very confident that in the next 2-3 years per sq ft price of small size (500-800 sf) condo semi furnished like M-Suites or MCity should hit at least RM1100-1300 psf. Whilst traffic congestion remains the biggest issue, I think there is still room for property price at that part of Jln Ampang to increase. Duke and MAX highway have helped to ease congestion a bit. Hope I am right...Cheerio!!

Hampshire Place, Hampshire Residence, and MyHabitat all still relatively new and is all walking distance to Ampang Park LRT and <1km to KLCC still can get <RM1000psf.

Need to pray hard hard for a place 5km away from KLCC and not nearby any LRT to go above RM1000psf

I think it's coming:

Distance from KLCC Development Price

1km MyHabitat RM 1k psf (2008/09)
3km Embassyview RM 1k psf (2009/10)
4km M-Suites RM 1k psf (2011)
5km M-City RM 1k psf (2011)

today went there, Studios 536sf sell at 576k, only pay RM20k for 10% (37k discount) until competion only start installment. Is it good to go??

How is the take up of units?

When I was there on Friday, only maybe 5% was sold.

i was there yesterday, seem still have many unit, the top 2 level (below Penthouse) all sold....

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Added on November 3, 2011, 2:39 pmRM1000/sqft , is it justify???

This post has been edited by seongmeng: Nov 3 2011, 02:39 PM

Hmmm quite slow, the sale.

When I was there, they even have many floor reserved and not for sales yet. Now i am thinking if it was the right choice buying this.

The attraction of M-City is the package of DIBS and longer SPA (42 mths). So I am hoping that all will be fine in 3.5 years time. Also, along Jalan Ampang there are very few lifestyle living places like this that has combination of "space", retail and maybe a little less crowded. So rental of RM 3k+ is possible.

For RM3k+ an expat/yuppie can easilly rent a very nice studio/1bedroom just next to KLCC or walking distance to Pavillion.

They can also get a slightly older but also decent 2bedroom in KLCC and Bukit Bintang for RM3k+

So for the same price, how many will choose to stay in the city center and how many will prefer to stay 5km away without any LRT/MRT?

sales really slow down...roughly 29 out of 500 units were booked...

some floors are blocked for overseas market e.g. Taiwan and Singapore or another marketing gimmick to disguise the actual take up rate?

i decided to give up the purchase....i was supposed to pay booking on Saturday, but didnt go, the Sales guy told me last week he only hold for me until Sat, seem like very hot, but today he called me again ask me go pay tomorrow also can, seem like sales is slow...not as hot as he said...

Good decision. I think de only investment worth goin for tis project is retail unit. De rest r stil dependent on luck. IMHO.

I got a 2 bedroom unit on the 27th floor on the 1st day of launching. As long within the golden segitiga, I'm ok

Bro, sure boh...... golden segitiga. Here is an excerpt of the segitiga: "Known as Kuala Lumpur's commercial, shopping and entertainment hub, the Golden Triangle is actually a large area that encompasses a number of major streets. Three roads - Jalan Imbi, Jalan Sultan Ismail and Jalan Raja Chulan form a triangle which borders the entire Golden Triangle area. Here, towering scrapers, shopping malls and world-class hotels pierce the landscape."

Source: http://www.kuala-lumpur.ws/klareas/golden.htm

Sales is moderating at this point. Going forward, it is very hard to say if prices can sustain at this level.

Yup, this place is very far outside the Golden Triangle. GT consist of the CBD and main shopping district. Even the Embassy Row is not considered Golden Triangle. This is actually at the border of KL city and Selangor lah