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Investment JAYA ONE EVOLUTION @ SEC.13 PJ [OWNERS' THREAD], Hottest property in PJ is calling now

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TSaccetera
post Dec 3 2010, 02:07 PM, updated 11y ago

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Register now: http://www.jayaone.com.my/

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This post has been edited by accetera: Feb 24 2014, 05:09 PM
spikyz
post Dec 3 2010, 02:59 PM

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cannot find its price list, any indicative price?
sonerin
post Dec 3 2010, 05:53 PM

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Looks like expensive property
Fei Kei
post Dec 4 2010, 07:55 AM

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next 2 all d factory lots
tinster
post Dec 5 2010, 04:13 PM

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where exactly is this development?
kh8668
post Dec 5 2010, 04:41 PM

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i think the price will be around RM500 - 600 psf. size maybe from 800sf to 1200 sf...so decide yourself people....good place to invest though...
rocket_jet
post Dec 5 2010, 05:31 PM

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Jaya One has niche strong buyers and great upper income shoppers especially in their retail lot where the supermarket is and a nice gym with so many nice looking legs tongue.gif
kbandito
post Dec 5 2010, 06:20 PM

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QUOTE(rocket_jet @ Dec 5 2010, 05:31 PM)
Jaya One has niche strong buyers and great upper income shoppers especially in their retail lot where the supermarket is and a nice gym with so many nice looking legs tongue.gif
*
I think you're confused between Jaya One and Jaya 33

bobbo
post Dec 6 2010, 12:31 AM

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Is this going to be built on top of Cold Storage?
Saw iron rods jutting out the roof..
TSaccetera
post Dec 29 2010, 11:17 AM

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NEW PROJECT:

F&N to redevelop PJ land
By Yong Min Wei of theedgemalaysia.com
Tuesday, 28 December 2010 17:49

KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) will redevelop the land in Petaling Jaya that has been housing its dairy manufacturing plant since 1959 to feature commercial and residential properties with gross development value (GDV) of at least RM1 billion.

F&N said its property division would, in the years to come, focus on transforming the 12.7-acre site into a notable landmark in Petaling Jaya, with the redevelopment to be undertaken in phases over a five- to eight-year period.

"Master planning for this redevelopment has commenced while waiting for the land to be vacated. Phase One, comprising commercial and residential properties, is expected to commence in 2012," the group noted.

F&N said the 12.7-acre site in Section 13 offered "great potential" and that its redevelopment was timely and expected to yield promising returns to the group's property division.

Read more: http://www.theedgeproperty.com/news-a-view...op-pj-land.html
lelynx
post Dec 29 2010, 11:37 AM

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sigh... 2012 only??? that's a long wait
kenwooi
post Dec 30 2010, 11:44 AM

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QUOTE(tinster @ Dec 5 2010, 04:13 PM)
where exactly is this development?
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Along Jalan University.
webby88
post Dec 30 2010, 06:47 PM

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Leasehold I guess.
TSaccetera
post Jan 22 2011, 12:55 AM

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the next BBB in PJ area??
lelynx
post Jan 23 2011, 04:36 PM

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patchay kor,
any news on its launching?
i hope they will price it cheaper than the overpriced centrestage
kbandito
post Jan 23 2011, 10:28 PM

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Would someone pay RM550psf for a basic unit say 1000sf?
yoki
post Jan 27 2011, 11:44 AM

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any news on this one?
wonghs
post Jan 27 2011, 10:25 PM

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preview after CNY.
TSaccetera
post Jan 27 2011, 11:56 PM

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from VIncent in another forum

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yoki
post Jan 28 2011, 09:37 AM

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woahh so many pple register ...2000 plus.....
i believe there are many who register 2-3 times....haha
henryhing
post Jan 28 2011, 09:50 AM

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Jam terrible there......
dcwhz83
post Jan 28 2011, 10:33 AM

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QUOTE(yoki @ Jan 28 2011, 09:37 AM)
woahh so many pple register ...2000 plus.....
i believe there are many who register 2-3 times....haha
*
and calling all family members to do so also tongue.gif
Suicidal Guy
post Jan 28 2011, 05:14 PM

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Can still register for the preview?


Added on January 28, 2011, 5:19 pmok.. found the link to register.

This post has been edited by Suicidal Guy: Jan 28 2011, 05:19 PM
TSaccetera
post Mar 7 2011, 08:50 PM

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heard it's almost "sold" ??? wth

i think machineries on site...
gunn3rs
post Mar 9 2011, 12:22 PM

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QUOTE(accetera @ Mar 7 2011, 08:50 PM)
heard it's almost "sold" ??? wth

i think machineries on site...
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Last i went to the showroom early february, most units sold except 2000sft and above still available + some units facing car park and 14th floor. Mostly sold before and during pre-launch to "VIPs".

Priced at 550psf.

This post has been edited by gunn3rs: Mar 9 2011, 12:23 PM
Suicidal Guy
post Mar 29 2011, 11:39 AM

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Launching new phase on 2nd April? Anyone got more details on that?
thunderaj
post Mar 29 2011, 12:34 PM

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i also got an sms on the new launch

OldKidz
post Mar 30 2011, 03:20 AM

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Guys,

How much is it?

Freehold?

Can forward the sms to me? smile.gif
TSaccetera
post Mar 30 2011, 11:58 PM

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i've got email

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^chalaza^
post Mar 31 2011, 12:12 AM

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I see many people interested...hmm all i can think of is BULK DISCOUNT!!!! rclxms.gif

This post has been edited by ^chalaza^: Mar 31 2011, 12:13 AM
lowyat888
post Apr 2 2011, 12:20 PM

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today presale event, anyone going
seanking26
post Apr 2 2011, 04:42 PM

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do you know the price? anyone can share some info with us?
ipsec
post Apr 3 2011, 11:38 PM

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QUOTE(seanking26 @ Apr 2 2011, 04:42 PM)
do you know the price? anyone can share some info with us?
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I think J1 price is around 570psf, i heard there is new Condo launching opposite Primary Sri Petaling school is selling 650psf l/hold....J1 should be a good one with mature F&B, i did check with the agent, rental expecting to be RM3.5 psf. targeting on those people working at j1 office or nearby.
tunasandwich
post Apr 4 2011, 12:46 AM

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QUOTE(ipsec @ Apr 3 2011, 11:38 PM)
I think J1 price is around 570psf, i heard there is new Condo launching opposite Primary Sri Petaling school is selling 650psf l/hold....J1 should be a good one with mature F&B, i did check with the agent, rental expecting to be RM3.5 psf. targeting on those people working at j1 office or nearby.
*
seriously. expecting RM3150 rental for a 900sqf?

JamesPond
post Apr 4 2011, 12:07 PM

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3k....haahaha..expat will pay this price only..
lowyat888
post Apr 5 2011, 07:10 PM

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becareful of the developer and the workmanship and quality of the finalize product. not well known developer.

This post has been edited by lowyat888: Apr 5 2011, 07:10 PM
ronaldoo
post Apr 5 2011, 08:23 PM

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industrial area. poor access road. area prone to crime area.

well said? think twice ...


lowyat888
post Apr 8 2011, 10:20 PM

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alot of developer/internal staff/dir/agent/dato/vip play. have to be becareful, whereby majority of the unit said to have book by somebody which have indirectly no deposit being pay or anything and just register their name.

if subsale, nobody wants, just release it with no obligations or any $$ lose out at all. just say cannot get loan or other excuses.

alot of the launching also like that (pretending that alot of people buying but actually no $$ being paid/involved, just temporary register name and if got buyer just recalculate +- or markup (saying price goneup)/ give some discount just to make $$.

This post has been edited by lowyat888: Apr 8 2011, 10:32 PM
GOSHEN
post Jun 25 2011, 04:21 PM

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QUOTE(ronaldoo @ Apr 5 2011, 08:23 PM)
industrial area. poor access road. area prone to crime area.

well said? think twice ...
*
Real estate investment in Malaysia will see its golden era in the next 10 years, said Gavin Tee, Founding President of Swhengtee International Real Estate Investors Club (Swhengtee International REI Club).

Mr. Tee recently predicted that the Malaysian property market should have matured by 2020 and reached its pinnacle. Over 10 million people will work and live in the growing Greater Kuala Lumpur megalopolis, while a minority of the population will own most of the properties in city centres or other prime areas.

With condominium prices hitting RM2,900 psf and land prices reaching RM7,209 psf in the Golden Triangle, along with various development and infrastructure works happening within the surrounding areas, luxury condos will likely escalate to RM5,000 psf in the next five years.


airline
post Jun 25 2011, 04:55 PM

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Like that buy any property also can make money?
v2_vehooi
post Jun 29 2011, 12:05 AM

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QUOTE(airline @ Jun 25 2011, 04:55 PM)
Like that buy any property also can make money?
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anyone know the previous UTAR also want redevelopment? dont know who is the developer and is ther any service apartment ? jaya is inside already sell more than rm650psf, the centrestage lagi crazy....
feel the location of the utar are look good leh...
TSaccetera
post Jun 29 2011, 12:15 AM

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i know.....
clanzkiller
post Jun 29 2011, 12:46 AM

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QUOTE(v2_vehooi @ Jun 29 2011, 12:05 AM)
anyone know the previous UTAR also want redevelopment? dont know who is the developer and is ther any service apartment ? jaya is inside already sell more than rm650psf, the centrestage lagi crazy....
feel the location of the utar are look good leh...
*
Waa clever smile.gif.. Something is coming soon.
But maybe cheaper than center stage..or par.

This post has been edited by clanzkiller: Jun 29 2011, 12:47 AM
klkow
post Jun 29 2011, 09:07 AM

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sorry , wrong post...


This post has been edited by klkow: Jun 29 2011, 09:09 AM
ginvin
post Aug 15 2011, 11:58 AM

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heard that no more official launch as non-bumi units all SOLD!

SPA with buyers in progress now.....


Silent Potato
post Sep 6 2011, 05:41 PM

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really? what kind of development?
is the PJ UTAR going to move all their fac to Kampar?

QUOTE(v2_vehooi @ Jun 29 2011, 12:05 AM)
anyone know the previous UTAR also want redevelopment? dont know who is the developer and is ther any service apartment ? jaya is inside already sell more than rm650psf, the centrestage lagi crazy....
feel the location of the utar are look good leh...
*
retkev
post Sep 6 2011, 05:49 PM

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QUOTE(Silent Potato @ Sep 6 2011, 05:41 PM)
really? what kind of development?
is the PJ UTAR going to move all their fac to Kampar?
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How is PJ Sectiom 13 demands for tenants really? 'Wong' or not that area?? Heard a few development coming up in that place recently!!

Oldtownship... Possible to revive in to the next "Wong" place?? Any comments?
ginvin
post Sep 7 2011, 08:49 AM

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QUOTE(retkev @ Sep 6 2011, 05:49 PM)
How is PJ Sectiom 13 demands for tenants really? 'Wong' or not that area?? Heard a few development coming up in that place recently!!

Oldtownship... Possible to revive in to the next "Wong" place?? Any comments?
*
developer mentioned about 90% occupancy rate at the existing jaya one.... i think leasing wise is quite a good investment

been there few times..... their pubs alwis full of pple during weekend

by looking at the upcoming projects by island circle (under JAKS), centrestage, F&N, etc etc.......... it wont be go wrong to vest into section 13, i guess! tongue.gif
ManutdGiggs
post Sep 7 2011, 10:06 AM

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PJ Sec 13 is good for investment. Anyone know if there are new commercial units launching lately???
clanzkiller
post Sep 7 2011, 11:44 PM

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QUOTE(ManutdGiggs @ Sep 7 2011, 10:06 AM)
PJ Sec 13 is good for investment. Anyone know if there are new commercial units launching lately???
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Commercial as in shops? If soho and residential, there are few coming. Which mentioned by givvin that a new soho wil launch very soon. But small size unit has been booked off during soft launch. I think only the big unit are available if launching. But as usual, u want the small one, then u have to pay certain so called top-up to those who bought during soft launch..
ManutdGiggs
post Sep 7 2011, 11:48 PM

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QUOTE(clanzkiller @ Sep 7 2011, 11:44 PM)
Commercial as in shops? If soho and residential, there are few coming. Which mentioned by givvin that a new soho wil launch very soon. But small size unit has been booked off during soft launch. I think only the big unit are available if launching. But as usual, u want the small one, then u have to pay certain so called top-up to those who bought during soft launch..
*
Yup. Shops. Tot to invest in that.
clanzkiller
post Sep 8 2011, 12:19 AM

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QUOTE(ManutdGiggs @ Sep 7 2011, 11:48 PM)
Yup. Shops. Tot to invest in that.
*
Wil get back to u if the dev are selling the shops. If u don't mind u can pm me your contact so anything I could direct call u up smile.gif
NewKidsInTheBlock
post Oct 12 2011, 10:50 AM

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QUOTE(v2_vehooi @ Jun 29 2011, 12:05 AM)
anyone know the previous UTAR also want redevelopment? dont know who is the developer and is ther any service apartment ? jaya is inside already sell more than rm650psf, the centrestage lagi crazy....
feel the location of the utar are look good leh...
*
Hi, it was develop by Jeks resourse berhad.
Any 1 have Jaya 1 bumi unit release info?
ginvin
post Oct 12 2011, 10:39 PM

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http://www.theedgemalaysia.com/in-the-fina...w-addition.html

Only a limited number of retail, office and serviced apartment units of mixed commercial development Jaya One’s new phase in Section 13, Petaling Jaya, will be available for sale during its launch on Oct 22. biggrin.gif
NewKidsInTheBlock
post Oct 14 2011, 12:04 PM

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QUOTE(ginvin @ Oct 12 2011, 10:39 PM)
http://www.theedgemalaysia.com/in-the-fina...w-addition.html

Only a limited number of retail, office and serviced apartment units of mixed commercial development Jaya One’s new phase in Section 13, Petaling Jaya, will be available for sale during its launch on Oct 22. biggrin.gif
*
Thanks Bro, u have any idea where are they launch on oct 22, next saturday. I 'm looking for 1 or 2 bedroom apartment.
ginvin
post Oct 14 2011, 12:49 PM

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QUOTE(NewKidsInTheBlock @ Oct 14 2011, 12:04 PM)
Thanks Bro, u have any idea where are they launch on oct 22, next saturday. I 'm looking for 1 or 2 bedroom apartment.
*
location should be the same as the pre-launch at Jaya One

I think is somewhere on top of those pubs, otherwise can look for their sales office at 33-7 Block C, Jaya One


Added on October 21, 2011, 2:36 pmtomorrow official launch start from 10am @ Jaya One, releasing bumi lot only with 5% discount without rebate.


Added on March 3, 2012, 7:28 pmupdated....

http://jayaone.com.my/newphase/concept.html



This post has been edited by ginvin: Mar 3 2012, 07:28 PM
TSaccetera
post Jan 6 2013, 09:39 PM

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Very tall already!!!
Vcys86
post Jun 11 2013, 10:04 AM

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anyone know whether the newly launch residence is freehold or leasehold?
CMW123
post Jun 11 2013, 02:28 PM

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QUOTE(Vcys86 @ Jun 11 2013, 10:04 AM)
anyone know whether the newly launch residence is freehold or leasehold?
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Leasehold. Whole S13 PJ is leasehold
Vcys86
post Jun 12 2013, 11:17 AM

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QUOTE(CMW123 @ Jun 11 2013, 02:28 PM)
Leasehold. Whole S13 PJ is leasehold
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Thanks for the reply bro. smile.gif
TSaccetera
post Aug 9 2013, 11:54 PM

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This project is gonna be completed soon. Painted.... and doing the last things...
hondaracer
post Aug 10 2013, 09:01 AM

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What is the price now??
bukithot
post Aug 10 2013, 09:54 AM

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Jaya One mall can survive?
TSaccetera
post Aug 10 2013, 09:59 AM

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Jaya One is a happening place on Friday nights...
CMW123
post Aug 10 2013, 02:56 PM

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QUOTE(accetera @ Aug 10 2013, 09:59 AM)
Jaya One is a happening place on Friday nights...
*
Ya, a handful of the pubs at Palm Square catering to the many office executives nearby looking for happy hours wherelse weekend crowd more family types

"The School" also opening soon, the first dedicated child enrichment mall
bukithot
post Aug 10 2013, 03:44 PM

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QUOTE(CMW123 @ Aug 10 2013, 02:56 PM)
Ya, a handful of the pubs at Palm Square catering to the many office executives nearby looking for happy hours wherelse weekend crowd more family types

"The School" also opening soon, the first dedicated child enrichment mall
*
Good. At least much better than SS2 mall smile.gif
hondaracer
post Aug 10 2013, 05:06 PM

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QUOTE(accetera @ Aug 10 2013, 09:59 AM)
Jaya One is a happening place on Friday nights...
*
Never been there.... Is it packed?? 💄💄💄

Looks like I have to check it out🔎🔎🔎
TSaccetera
post Aug 10 2013, 10:46 PM

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Used to have alot of Malaysian Chinese young girls serving you as waitress.

Most of them are highly educated.

This post has been edited by accetera: Aug 10 2013, 10:46 PM
A.B.D.
post Aug 10 2013, 11:24 PM

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QUOTE(bukithot @ Aug 10 2013, 03:44 PM)
Good. At least much better than SS2 mall  smile.gif
*
Stupid ss2 mall manager, wtf is on their mind? The econsave there looks terrible.
hondaracer
post Aug 12 2013, 07:02 AM

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QUOTE(accetera @ Aug 10 2013, 10:46 PM)
Used to have alot of Malaysian Chinese young girls serving you as waitress.

Most of them are highly educated.
*
😎😎😎😎

Errrr.... Sounds good but what do you mean by "Used to .."?

As long as pretty "flower pot", it will be good for business

💰💰💰💰
TSaccetera
post Aug 12 2013, 11:54 AM

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I not sure whether still as vibrant or not, considering the increase in fear against crimes.

Not really good for the ladies to work late in the evening. Same as customers.
glenns
post Sep 10 2013, 09:50 AM

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my friend owned a residence unit (around 1000sf) there, was wondering how much it can be renting out?
TSaccetera
post Nov 5 2013, 04:12 PM

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The Launch of The School Jaya One (Phase 2)


https://www.youtube.com/watch?v=ZgwoFwAi0zM
CMW123
post Nov 5 2013, 04:19 PM

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Any educational operator operating alreadi? Can walk in to 6c6c?

Even the new serviced apartment looks like going to VP soon...
Glcotan
post Nov 5 2013, 04:31 PM


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The School?
alesi616
post Nov 5 2013, 04:57 PM

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What is "The School" ??
CMW123
post Nov 5 2013, 05:00 PM

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PETALING JAYA: YOUNG and urban mothers can have their children learn and be entertained under one roof as The School, Malaysia's first learning enrichment mall, is set to open its doors in September next year.
Located in Jaya One's new phase, The School will commit 30 per cent of its tenant mix to enrichment establishments promoting creative, essential, fun and curriculum learning devoted to the development of children aged 2 to 14.
Taking up over 7,4320sq m of the 17,650sq m of lettable area, it will be developed by Jaya One's developer and owner, Tetap Tiara Sdn Bhd.
Tetap Tiara Sdn Bhd executive director Charles Wong said The School was the answer for the woman who had her children's education high up on her agenda.
"Based on a survey, we find that many mothers are willing to invest in opportunities to enrich their children's learning. They also want to be a part of their children's developments," he said.
"Therefore in The School, both mother and their children will have so much fun through our mixed tenants concept," he said, after unveiling the concept recently.
Wong added that the enrichment classes would comprise of visual and performing arts classes, science and arithmetic classes, early childhood and child development training together with tuition and language centres.
He added that as the children were attending their enrichment classes, mothers could attend to their personal needs.
"Through The School's tenant mix concept, we are allocating 40 per cent of the area for fashion and apparel as well as convenience and essentials stores.
"The rest will be for food and beverages together with specialty stores. We are confident it will satisfy both mothers' and children's needs," he said.
Wong added that The School wanted to collaborate with enrichment partners who were willing to explore innovative ways to promote creative learning.
"The School will not house a textbook mall because we want it to be a place where the tenants will be providing more that just textbook offerings," he said.
Wong said the mall would be a family-friendly place as there would be designated parking for mothers, baby-changing and nursing rooms, strollers on request and also waiting areas for queue-managed taxis and valet service.
"We are also throwing a decked-out dad's crash lounge where they can be with their children while mom gets some time off to head for the spa or do shopping," he said.
Prospect Education Consulting director Nina Adlan Disney said The School would meet the needs of the discerning parents of Klang Valley and bridge the gap between quality education and convenience.
Prospect Education Consulting is engaged by The School.
"Parents are aware that children need their educational experiences to be delivered in an engaging way.
"They are willing to invest in private education and enrichment activities, as evidenced by the upward trend in enrolments.
"With the establishment of The School, they can it all in one place," Disney said.
For details, visit www.theschool.my.


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post Nov 5 2013, 05:07 PM

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It is a Kids Enrichment Mall - first in Malaysia.
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post Nov 5 2013, 07:04 PM


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QUOTE(CMW123 @ Nov 5 2013, 05:00 PM)
PETALING JAYA: YOUNG and urban mothers can have their children learn and be entertained under one roof as The School, Malaysia's first learning enrichment mall, is set to open its doors in September next year.
Located in Jaya One's new phase, The School will commit 30 per cent of its tenant mix to enrichment establishments promoting creative, essential, fun and curriculum learning devoted to the development of children aged 2 to 14.
Taking up over 7,4320sq m of the 17,650sq m of lettable area, it will be developed by Jaya One's developer and owner, Tetap Tiara Sdn Bhd.
Tetap Tiara Sdn Bhd executive director Charles Wong said The School was the answer for the woman who had her children's education high up on her agenda.
"Based on a survey, we find that many mothers are willing to invest in opportunities to enrich their children's learning. They also want to be a part of their children's developments," he said.
"Therefore in The School, both mother and their children will have so much fun through our mixed tenants concept," he said, after unveiling the concept recently.
Wong added that the enrichment classes would comprise of visual and performing arts classes, science and arithmetic classes, early childhood and child development training together with tuition and language centres.
He added that as the children were attending their enrichment classes, mothers could attend to their personal needs.
"Through The School's tenant mix concept, we are allocating 40 per cent of the area for fashion and apparel as well as convenience and essentials stores.
"The rest will be for food and beverages together with specialty stores. We are confident it will satisfy both mothers' and children's needs," he said.
Wong added that The School wanted to collaborate with enrichment partners who were willing to explore innovative ways to promote creative learning.
"The School will not house a textbook mall because we want it to be a place where the tenants will be providing more that just textbook offerings," he said.
Wong said the mall would be a family-friendly place as there would be designated parking for mothers, baby-changing and nursing rooms, strollers on request and also waiting areas for queue-managed taxis and valet service.
"We are also throwing a decked-out dad's crash lounge where they can be with their children while mom gets some time off to head for the spa or do shopping," he said.
Prospect Education Consulting director Nina Adlan Disney said The School would meet the needs of the discerning parents of Klang Valley and bridge the gap between quality education and convenience.
Prospect Education Consulting is engaged by The School.
"Parents are aware that children need their educational experiences to be delivered in an engaging way.
"They are willing to invest in private education and enrichment activities, as evidenced by the upward trend in enrolments.
"With the establishment of The School, they can it all in one place," Disney said.
For details, visit www.theschool.my.
*
anywhere got mention the fee?
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post Dec 4 2013, 11:45 AM

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one of the least discussed project.
going to vp soon.
from outside, the building look stunning.
only think is the layout a bit funny.
those who bought 3 years ago should be quite pleased.
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post Dec 4 2013, 11:46 AM

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QUOTE(kochin @ Dec 4 2013, 11:45 AM)
one of the least discussed project.
going to vp soon.
from outside, the building look stunning.
only think is the layout a bit funny.
those who bought 3 years ago should be quite pleased.
*
Outside looks good. Anyone been to The School yet? Hows it?
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post Dec 4 2013, 01:56 PM

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Wanted to walk in and look see look see after dinner

But still have renovation work ongoing and very dusty so decided to stay out first

Seems like the crowd at Jaya One is growing

How much psf during launch?
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post Dec 4 2013, 03:32 PM

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post Dec 11 2013, 04:33 PM

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Wonder what would be the subsale pricing...! Exterior works look complete, not too sure about the olive-green color, but the design of the building is not offensive but the rendering looked nicer (as with many cases) biggrin.gif

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This post has been edited by urb7: Dec 11 2013, 04:37 PM
ginvin
post Jan 3 2014, 01:11 PM

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visit the mall recently, still quite empty. wonder how is the office lot?
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post Jan 19 2014, 11:15 AM

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Article in STAR today 19 Jan 2014
--------------------------------------



Property's Hazy Outlook

18 Jan 2014

Last weekend, about 1,600 participants attended a property seminar called Property Outlook Conference 2014 in Kuala Lumpur.

Organised by an event organiser, speakers comprised property consultants, developers and property gurus. Participants comprised largely investors and investor-wannabes, property professionals from companies and real estate agencies, a sprinkling of analysts and the media.

One of the speakers says it was one of the largest groups he has ever spoken to when it comes to a local property seminar. Usually, the turnout hovers between 600 and 800, he says.

An executive director of an international property consultancy who was there says he felt as though he was attending "a multi-level marketing seminar."

The fact that an event manager organised the seminar single-handedly, albeit with developers as sponsors, underscores the leverage offered by the property sector.

Secondly, the turnout underscores the investing public's hunger for information, says two property professionals. Early bird registrants paid RM200 per pax, a couple paid RM499 while latecomers paid between RM800 and RM1,000 per pax. They were "hungry" because since the introduction of the cooling measures in October, coupled with the various price increase involving toll charges, petrol, electricity tariffs, cut in sugar subsidy, the sector has become rather opaque.



Says Malaysia Institute of Estate Agents (MIEA) president Siva Shanker: "Both developers and investors did not know what hit them post-Budget 2014. The last three months of 2013 were bad. The sector went into a tailspin."

Siva says in the last four years, prices in some areas went up 30% to 35% in the span of a year - an unhealthy situation because the fundamentals were not there. On a national basis, the issue of house prices is not an issue, it is only in certain areas that prices have gone up multiple times in relation to annual household incomes, he says. He likens the property market before the budget to a car about to crash as it careens downhill, if the cooling measures were not introduced.

"If the car does not slow down, it will crash," he says.

Siva says of all the sub-segments in the property sector, he is most concerned about the residential sub-segment, the main driver of the sector.

Siva says there is a huge oversupply in Kuala Lumpur, Penang and Iskandar Malaysia in Johor, including serviced apartments which are developed under commercial status.

The 2013/14 slowdown

Siva says not many may have realised it, but the property sector slowed down in 2013. "We think 2014 will see a slowdown of the sector, but that actually started in 2013.

"Sales are expected to be slow for the first two quarters. We expect to see sales going up in the second half of this year and find its own level, barring external factors. Sales will not be great, but it will not be as bad as first two quarters of this year," says Siva.

"The goods and service tax (GST) due in April 2015 will create another bout of uncertain. Although most of the countries in the region - with the exception of Brunei and Malaysia - have some form of GST or value added tax (VAT), we have yet to experience its effect. We expect some knee-jerk reaction which will result in a price increase but it is 2016 that I expect prices to climb," he says.

But before 2016, there is 2014 to deal with.

"2014 will be Iskandar Malaysia's tipping point. (But) there is also a huge oversupply in Penang and the Klang Valley, especially high-rise projects, be there condominiums or serviced apartments," he says.

Stocker Roberts & Gupta Sdn Bhd valuer Das Gupta who runs a firm about 10 minutes walk from the Petronas Twin Towers says the slowdown actually started in 2012.



"Many missed the signals," he says. "Land and property prices around here (Kuala Lumpur City Centre) have been stagnating since 2012.

"That was a slow year. High-end properties around the KLCC and in Mont' Kiara stopped moving forward the past one year in terms of both capital appreciation and rental.

"In some cases, rental and prices have dropped a notch or two," he says.

How does one account then for the sale of a parcel of land sandwiched between Wisma Central and a Chinese temple fronting Jalan Ampang sold to Singapore-listed developer Oxley Holdings Ltd by Loke Wan Yat estate?

The 1.25 hecatres (3.1 acres) parcel was sold in December for a record RM3,300 per sq ft or RM446.7mil.

"That was an exceptional parcel because of its location and size. It is not the market norm and should not be used as a measure of overall property sector performance," he says. Das says while land deals belong to the big boys' arena, it is the ordinary people that he is most concerned about. "Nothing hits the rich," he says.

Das says suburban vacant land with demand potential have become exorbitantly high. Some of these owners are second or third generation owners. They have no liabilities on these real estate. "Developers have to price their end products very high in order to justify paying such high prices. (So) they rather walk away."

The retail story

Royal Institution of Surveyors Malaysia (RISM) vice president Adzman Shah Mohd Ariffin says the market is evolving. "There are a number of developments in the United States and in Asia. All these events will impact Malaysia."

Adzman highlighted Indonesia's rupiah weakening last year and Thailand political demonstrations, now in its second month.

Adzman says the weak rupiah may attract companies to invest there. That will impact Malaysia.

"We seem stable when compared to our neighbours but we have our own issues to settle," he says.

Adzman, who runs a property and retail consultancy Exastrata Solutions Sdn Bhd says businesses are recalculating their margins with the various price increases involving electricity tariffs, sugar, possibly toll rates and petrol prices.

He draws attention to the recent inflation figures by Standard Chartered Bank South-East Asia regional head of research Edward Lee. Lee says Malaysia's inflation rate is expected to increase to 3.4% for the first nine months this year from 2.1% in the same period last year. The jump reflects one of the biggest in Asia; it is also the fastest acceleration in almost two years.

Adzman is helping three malls with retail tenancy. Two of them are new while the third is an existing mall.

"Retailers today are cautious about location, their catchment areas and overall expansion. They have been cautious since the middle of last year. There is a lot of focus now on tourism to help bring in revenue but this is limited to cities and tourist areas. Suburban malls are dependent on their respective catchment areas," he says.

"Most businesses are waiting for first half year figures. This will be a good indication (where we are heading)," he says.

Adzman says retailers are feeling the heat because consumers are not buying.

"Retailers are clearing stock by cutting prices to ensure they are not stuck with old stocks when the market slows. They release space for new stocks in order to create demand," says Adzman.

The raise in toll, petrol and parking charges may result in people heading to the mall closest to them instead of heading downtown which means downtown malls will be tourist-dependent, he says.

Retail Group Malaysia MD Tan Hai Hsin in a January 2014 report based on interviews with members of the Malaysia Retailers Association says the industy reported a sluggish third quarter for 2013. The July-September quarter grew 3.1% compared with 4.6% in the preceding quarter, and 4.8% for the same period in the preceding year.

Ramadan and Hari Raya, which fell on the third quarter of 2013, failed to lift overall retail sales, he says. This confirms Adzman's views that on the Malaysia retail industry has been slow since the middle of last year.

In many ways, the retail sector and private consumption are good indicators for the overall economy.

The consumer sentiment index, according to Tan, dropped from 122.9 in the first quarter of 2013, to 109.7 (Q2) and 102.0 (Q3). The next batch of numbers to look out for will be National Property Information Centre (Napic) figures on transaction volume and transaction value.

This is expected to be released in March/April.

The jump in property prices at 30% to 35% a year in some areas since 2010 has changed the sector's profile and has resulted in an equally stratospheric jump in interest among investors, with 20-somethings piling in.

In many ways, this is reminiscient of the 1990s stock market super bull run when college students and 20-somethings diligently applied for initial public offerings with the hope of a gain. They trotted a similar path in the recent bout of interest in the property sector.

Siva says "these young people are shielded from the international highs and lows of the global economy, and the national ups and downs, and whose trickle down effect is yet to be felt."

"The introduction of developers interest bearing scheme (DIBS) enabled many to buy properties they cannot afford and don't need. The question is: Will they be able to get tenants? If not, will they be able to pay the mortgage when payment kicks in?"

The introduction of cooling measures may also result in a shift in interest from the primary back to secondary market when buyers turn to sub-sales instead of buying directly from the developers. In an earlier report by Elvin Fernandez, managing director of Khong & Jaafar group of companies, he said in 2009 and 2010, primary transactions comprised about 12% and secondary market transactions about 87% of total residential transactions of 211,600 in 2009 and 226,874 (2010) respectively.

In 2011 and 2012, primary transactions went up to about a fifth of the total number of residential transactions whereas the secondary market accounted about 79% (or 214,044) and 77% (212,428) respectively. There was a drop in secondary market sales from 214,044 in 2011 to 212,428 in 2012.

Says Elvin: "This means there was a run-up in the primary sector of the market by about 35,000 units a year or close to 3,000 units a month.

The question today is, where will these group of ?speculators' turn to in their search for alternative investments?"

With fixed interest rates at about 3% per annum and volatility in the share market, will interest in the property market return to the secondary market? Will all the euphoria of the last several years mark a return to the days before 2009 when property investments were dull and boring? This lack of clarity is the reason why property seminars attract a full house.



Related story:

How will property fare in 2014?


CMW123
post Feb 24 2014, 04:11 PM

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Some of the tenants at the School. Visited last Sunday, there were so many empty lots...scary

Academy of Rock
BeeBop Circus
Blok Space
Centre for Asian Photographers
Fun Zone
Junior Science Lab
Learning Fresh
Fantasia Music Studio
Robotics Learning
The Children's House
Dialogue in the Dark
Smart Mandarin Kids














This post has been edited by CMW123: Feb 24 2014, 04:27 PM
babygrand123
post Feb 25 2014, 02:00 AM

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That area packing is terrible hope the jaya provide enough parking to the craw or else soon will be hari ini dalam sejarah!!!!
kochin
post Apr 18 2014, 10:20 AM

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vp oledi or not?
proud owners please share some pics.
hondaracer
post Apr 19 2014, 10:23 AM

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QUOTE(CMW123 @ Feb 24 2014, 04:11 PM)
Some of the tenants at the School. Visited last Sunday, there were so many empty lots...scary

Academy of Rock
BeeBop Circus
Blok Space
Centre for Asian Photographers
Fun Zone
Junior Science Lab 
Learning Fresh 
Fantasia Music Studio 
Robotics Learning 
The Children's House 
Dialogue in the Dark 
Smart Mandarin Kids
*
🔮🔮💡💡💰💰😎😎 Still empty??
CMW123
post Jul 30 2014, 04:53 PM

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How is the subsale and rental market for this project?
Yiing81
post May 18 2015, 02:25 PM

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Dear Owners,

I have a sincere buyer looking to buy offices for own used. Kindly let me know if anyone has any for sale.

Thank you,
Yiing
016 867 8917
ECG Affirm Properties S/B
csting87
post May 18 2015, 02:38 PM

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QUOTE(Yiing81 @ May 18 2015, 02:25 PM)
Dear Owners,

I have a sincere buyer looking to buy offices for own used. Kindly let me know if anyone has any for sale.

Thank you,
Yiing
016 867 8917
ECG Affirm Properties S/B
*
call Jaya One Management http://jayaone.com.my/about/building-management/
Yiing81
post Jun 2 2015, 10:42 AM

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QUOTE(csting87 @ May 18 2015, 02:38 PM)
Thank you smile.gif
kochin
post Jun 2 2015, 10:50 AM

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location not too bad, design looks good from outside.
but i wonder why it is faring so bad.
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post Jun 2 2015, 11:52 AM

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QUOTE(kochin @ Jun 1 2015, 08:50 PM)
location not too bad, design looks good from outside.
but i wonder why it is faring so bad.
*
U mean the office/retail? Think oversupply of retail in the area la.. Nextdoor got columbia now... u think can help propup business here? icon_rolleyes.gif icon_rolleyes.gif
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post Jun 2 2015, 11:55 AM

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QUOTE(Babizz @ Jun 2 2015, 11:52 AM)
U mean the office/retail? Think oversupply of retail in the area la.. Nextdoor got columbia now... u think can help propup business here?  icon_rolleyes.gif  icon_rolleyes.gif
*
should be, normally need spend a lot of time in hospital waiting report,

so jaya one is best place to lepak/dining
Babizz
post Jun 2 2015, 01:19 PM

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QUOTE(jinsailoo @ Jun 1 2015, 09:55 PM)
should be, normally need spend a lot of time in hospital waiting report,

so jaya one is best place to lepak/dining
*
True but only 80+ bed hospital wor.. Cant expect much spillover effect drool.gif drool.gif
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post Jun 2 2015, 04:33 PM

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QUOTE(Babizz @ Jun 2 2015, 01:19 PM)
True but only 80+ bed hospital wor.. Cant expect much spillover effect  drool.gif  drool.gif
*
should increase in futher,

last time i go prince court bukit bintang like dead building,

now a lot of patient
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post Jun 2 2015, 04:47 PM

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QUOTE(Babizz @ Jun 2 2015, 11:52 AM)
U mean the office/retail? Think oversupply of retail in the area la.. Nextdoor got columbia now... u think can help propup business here?  icon_rolleyes.gif  icon_rolleyes.gif
*
jaya1 the school retail position as childhood education thematic, but don think msian appreciate it at this point of time

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post Jun 2 2015, 08:40 PM

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Jaya One's positioning for children / youth enrichment is a very niche market. It will be many years to come for such businesses to get some sort of "economies of scale".

In Atria, there's gonna be The Little Treehouse, a large enrichment pre-school set up as a jv between OSK and HELP.
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post Jun 2 2015, 09:50 PM

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QUOTE(jinsailoo @ Jun 2 2015, 02:33 AM)
should increase in futher,

last time i go prince court bukit bintang like dead building,

now a lot of patient
*
Tht hospital still losing money... brows.gif brows.gif 1B hospital.. This area shld be good for hospital Columbia although stiff competition with Universiti Hospital..
Babizz
post Jun 2 2015, 10:09 PM

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QUOTE(rainman19 @ Jun 2 2015, 02:47 AM)
jaya1 the school retail position as childhood education thematic, but don think msian appreciate it at this point of time
*
Yeap.. Occupancy now got 30%?? retail sold off or still owned by developer? Funny how Jaya Shopping also struggling n how is Jaya33 doing??

QUOTE(accetera @ Jun 2 2015, 06:40 AM)
Jaya One's positioning for children / youth enrichment is a very niche market. It will be many years to come for such businesses to get some sort of "economies of scale".

In Atria, there's gonna be The Little Treehouse, a large enrichment pre-school set up as a jv between OSK and HELP.
*
Is the Little treehouse open? atria has a very unique mini-anchor tenant list..
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Hi, Any1 have Jaya1 Resident for rent , welcome Owner to List..... 012-9112335

 

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