Yes u named them
would u buy here? what is ur USP to justify ur purchase? i was interested last time then pulled back

Sentral, Bangsar, Bangsar South, and even Kota Damansara are all selling at 1k-1.2k psf. some of them is even leasehold. even Arte is selling at >1k plus, from un reputable developer (sorry guys, many people is complaining about these developer).

Publika is selling about slightly above 1k psf for similar size unit although it is freehold.

so for about 900psf, thats not too bad, looking at the location. and there are room for price to appreciate since this is the first phase.

i think Naza is not too bad of a developer looking at how they did for Platinum Park in KLCC.

overall i like the masterplan, and also the fact that this is the first phase.

that's my reason. thinking of pulling the trigger but yet to do so.

do you concur with my reasoning?

I thought it was quite good as well... the PSF deal is good. Solaris 3/Publika 2 is gonna be way higher than this.

But decided to hold the brake first mainly because I want to see how MITEC will perform. Yes they have many phases, which are mainly commercial offices. We all know commercial is a glut. The next residential phase will be the Hap Seng JV which may not start so soon... they are looking at 2018 earliest.

High end condos will have a risk and this case, I would prefer the smallest type to minimise my instalment cost. An alternative is to look into subsale of surrounding area.

This post has been edited by accetera: Nov 20 2016, 09:49 AM

for your point 2, u mean no bank is financing Naza for this project, or there is no bank to finance the buyer for MET 1?

for point 3, i dont think convention center will be dead if there is no MRT. reason being is that it is targeting at different kind of people everytime. it is not like commute to work that same people have to do everyday and not having it will be a make or break deal. exhibition on the other hand is different as it target a specific group of reach for every exhibition. say like Oil and gas, automotive, food industries, etc. I think they dont mind to take taxi, uber, grabcar. even my staff earning less than 3 k took uber to work. so what's the problem?
having convention center may not increase rentability, but it does increase the profile of the area. it is not a tenant puller, but it is a crowd puller which will vibrate the whole area. just like residence with golf course nearby (not necessary view), it didnt attract the tenant, but it is a good profile.

i have seen a few times with statement like "the exhibition hall has 2 or 3 years worth of event booked"

true or BS statement?

maybe it is true, but for sure it is not every week that its fully booked. maybe some weeks in between that it is vacant, but they could be right that it was pre book 1-2 yrs ahead.

Pat Kor,
sub sale typically require high capital, unless you can find BMV (below market value) and capitalised on NMD (no money down), but still all processing fee is not cheap. that make new proj as an easy entrant.

commercial glut will affect those stand alone towers, like those in PJ. integrated development like this normally will do well, such as Sentral, bangsar South, Midvalley, and potentially EcoCity. of course we have others like BBCC, Bandar Malaysia (i dont know what is going on there), which i think will succeed in their own way.

Location wise is superb plus the overall concept is a mix development.

Pure BS. Cos the hall is very ready now yet no events till q1. If the hall is fully booked they die die will finish fast n open for events. They dun even know which event is thr next yr. Afterall the actual opening date has been delayed multiple times, lets see when it reli opens lor, many events or nt.

It needs time to succeed... in almost every new project today when it gets completed.

There are many below market value right now if scout around, nevertheless, the masterplan here is still very good, just that it is "over dependent" on MITEC essentially. This itself will be a risk in the first few years. They say a shopping mall will come up at MET3... and that will be few years from now. MRT3 is not so fast.

Good news is the extension of Publika (well it will be considered as a standalone identity) will be selling much more expensive PSF wise and this is likely to be confirmed as we sat with them recently.

This post has been edited by accetera: Nov 20 2016, 11:09 PM

MITEC is something they can boast upon when there is nothing around yet. But the real success is the concept of the integrated development such as Bangsar South, Sentral and Midvalley. This is something they should promote. BTW, they are engaging Kiara Realty as sole agent, at least for the time being. Problem is there are not much hype about this project, which is a shame.

Publika 2 will be more expensive as it is already a household name in the area and they are riding on its popularity. Further, it will be freehold (if its the same as Publika).

Yes under Kiara Realty as exclusive appointment. Yes Publika one is freehold.

This post has been edited by accetera: Nov 21 2016, 12:41 AM

exhibition hall without public transport?

not yet...

They should build d MRT 2 & 3 concurrently...

govt cnt afford leh. build 1 also very exp d. heard this thing is launching within next month. still need more convincing for me la intergrated is good but when they going to build all the stuff?

went to the private preview today.

the price is not as cheap as what you think. those 900psf are on the parking level. thereafter, there is a huge jump of 70k, which easily push the price to >1k+ psf.

anyway booked my unit.

This post has been edited by Lowtan: Nov 27 2016, 09:08 PM

How much
What size

was a bit interested till the staff told me abt the parking unit. if ur unit is NOT facing parking, its like 1.05kpsf nett but thr will be interest rebate, furnishing is aircond, washing machine, kitchen. either way, i feel this will fail given my previous comments on the project/area as a whole.

whats ur idea behind met1?

smallest size, 677sf. about 800k before rebate. after rebate about 680k.

bro u bought those facing carpark ah? how to find tenants or subsale?