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Investment KL METROPOLIS | MET GALLERIA | MET 1 RESIDENCES, Matrade. M'sia largest Exhibition Centre

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ryan@chua
post Oct 21 2016, 11:43 PM

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To compare this v BBcc. Lol
SUSempatTan
post Oct 22 2016, 12:36 AM

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QUOTE(ryan@chua @ Oct 21 2016, 11:43 PM)
To compare this v BBcc. Lol
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Don't lol so soon...
Babizz
post Oct 25 2016, 09:10 PM

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QUOTE(Babizz @ Oct 25 2016, 07:04 AM)
Im trying to understand arte's buyer better.
For Arte, 1700 ppl paid 900++psf+6%gst+ unfavorable progress billings due to NON schedule H which is maybe an extra 5% interest and beside HTC. As its a soxo, subsales will be harder to move n u will need to compete with 1.7k other units or rental n subsale.

I think MET1 may be a better bet if one is interested in owning a piece of KL Metropolis. But i fear d access roads for metropolis n dutamas, development progress as things have been SLOW, MRT3 may only be ready in 2025, beside a place of worship and the supply of Arte will flood the market.
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MET1 will have 620 units of high end svc apartment, 2 office towers sold enbloc and 80ksqft mall. At 870psf or 590k, whats other forumers take on it?

This post has been edited by Babizz: Oct 25 2016, 09:10 PM
ryan@chua
post Oct 26 2016, 09:19 PM

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QUOTE(Babizz @ Oct 25 2016, 10:10 PM)
MET1 will have 620 units of high end svc apartment, 2 office towers sold enbloc and 80ksqft mall. At 870psf or 590k, whats other forumers take on it?
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Met1 win
winwai
post Oct 28 2016, 02:06 PM

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2 blocks of stratified office
http://themet.com.my/

joe.tham
post Oct 28 2016, 03:41 PM

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Fr the edge I saw is 1000psf-1100psf.
High rebate?
TSaccetera
post Oct 29 2016, 10:31 AM

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This is MET 1.

user posted image
winwai
post Oct 29 2016, 11:02 AM

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QUOTE(winwai @ Oct 28 2016, 02:06 PM)
2 blocks of stratified office
http://themet.com.my/
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This is MET 8.
Babizz
post Oct 31 2016, 11:08 PM

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Just realized that the signature tower, mall n future MRT station will be close to jln kuching albeit across the road. If a walkway can be built, aiyor, just wishful thinking nia.

What are other forumers comments on tis development?
Lowtan
post Nov 13 2016, 12:09 PM

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for smaller unit, there are 2 facing and their pro and cons

(1) court / genting view
- pro - unobstructed view as court will not move for the time being. distance Genting shouldnt be that bad either.
- con - court view, anyone would not like them especially chinese?

(2) publika / montkiara view.
- pro - feeling of city view
- con -empty land in front with uncertain development type. any development will have undesired construction view.

Any suggestion and comment? i think price is either the same or not much different.
ryan@chua
post Nov 13 2016, 05:41 PM

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QUOTE(Lowtan @ Nov 13 2016, 01:09 PM)
for smaller unit, there are 2 facing and their pro and cons

(1) court / genting view
- pro - unobstructed view as court will not move for the time being. distance Genting shouldnt be that bad either.
- con - court view, anyone would not like them especially chinese? 

(2) publika / montkiara view.
- pro - feeling of city view
- con -empty land in front with uncertain development type. any development will have undesired construction view.

Any suggestion and comment? i think price is either the same or not much different.
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What s the lowest prices
heavensea
post Nov 13 2016, 08:19 PM

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QUOTE(ryan@chua @ Nov 13 2016, 05:41 PM)
What s the lowest prices
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park, also want to know.
Babizz
post Nov 13 2016, 09:50 PM

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QUOTE(Lowtan @ Nov 12 2016, 10:09 PM)
for smaller unit, there are 2 facing and their pro and cons

(1) court / genting view
- pro - unobstructed view as court will not move for the time being. distance Genting shouldnt be that bad either.
- con - court view, anyone would not like them especially chinese? 

(2) publika / montkiara view.
- pro - feeling of city view
- con -empty land in front with uncertain development type. any development will have undesired construction view.

Any suggestion and comment? i think price is either the same or not much different.
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Some of the units shld be facing Southeast which is the place of worship which is a big no no to many tenants n investors alike.

When i spoke to them, they gave a WIDE range of prices thats something like 590-850+k for the smallest unit. when the showroom ready?
Lowtan
post Nov 13 2016, 10:22 PM

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QUOTE(Babizz @ Nov 13 2016, 09:50 PM)
Some of the units shld be facing Southeast which is the place of worship which is a big no no to many tenants n investors alike.

When i spoke to them, they gave a WIDE range of prices thats something like 590-850+k for the smallest unit. when the showroom ready?
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the SE view is their so called KLCC view, but this is only for bigger unit. i didn't realize it is also facing a big mosque there.

smaller unit only has court /genting or publika / mont kiara view.

wat i know is that the pricing for each floor up is not exceeding RM2k, which is decent. but i dont know how it came about to 850k. maybe that is pre-discount price for most expensive, and 590k is already a post discount price for cheapest.
bearbear
post Nov 13 2016, 10:28 PM

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what are the sizes like? How does this look like compare to Arte?
kochin
post Nov 14 2016, 08:24 AM

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590k cheapest?

what is the cheapest unit for solaris now?
Lowtan
post Nov 20 2016, 01:58 AM

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i'm surprised that there are not much discussion about this project looking at the location, pricing which i think is affordable. is everyone quietly BBB or its just that its not a project worth considering?


bearbear
post Nov 20 2016, 02:43 AM

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either too good or too quiet

I approached an agent, total silent no response wth
Babizz
post Nov 20 2016, 07:55 AM

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QUOTE(Lowtan @ Nov 19 2016, 11:58 AM)
i'm surprised that there are not much discussion about this project looking at the location, pricing which i think is affordable. is everyone quietly BBB or its just that its not a project worth considering?
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there are several key problems here.

1. pace of development has been very slow in the past n could be the same moving forward.
2. no banks financed this project thus far shld be a major concern
3. convention centres dont increase rentability at all
4. with mrt3 only coming in 10 yrs, the convention centre will probably be underutilized
5. road access for met n the whole dutamas will become much worse with the current road being very jammed up even before mrt completion.
6. too many high end apartments in KL, too few tenants
7. 1 anchor of the office tower connected to met1 will nt have any tenants tht cn afford to rent here.
Lowtan
post Nov 20 2016, 09:23 AM

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QUOTE(Babizz @ Nov 20 2016, 07:55 AM)
there are several key problems here.

1. pace of development has been very slow in the past n could be the same moving forward.
2. no banks financed this project thus far shld be a major concern
3. convention centres dont increase rentability at all
4. with mrt3 only coming in 10 yrs, the convention centre will probably be underutilized
5. road access for met n the whole dutamas will become much worse with the current road being very jammed up even before mrt completion.
6. too many high end apartments in KL, too few tenants
7. 1 anchor of the office tower connected to met1 will nt have any tenants tht cn afford to rent here.
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For point 7, you are refering to DBKL?yeah, you are right, they cant afford one.
i think the prospective tenant will come from within KL Metroplis, because they have enough components of offices, though that will come at a later stage. and they didnt have too much residence within, which is a good thing.

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