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SS2 mall is a failure since it open begin 2011, (the % taken up is low, almost 1/2 year)
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TOMEI-R
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 Oct 13 2014, 01:45 PM
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Supply > Demand. Market is at a slum right now. Ask any business people they would tell you how bad it is. Selling price and rental of these establishments are at sky high rates due to greedy developers, properties owners, real estate agents. It would be hard for business to survive this and hence nobody is taking it up. Even popular malls like Sunway Giza Mall in Kota Damansara is also facing this issue. Vacant Ground Floor shop units in their main halls are proof that not all is good now.
All in all, I would say people are still trying to dwell in a fake sense of security by thinking that the market is still thriving and doing well. Im a frontliner in sales and I can tell you market is down, really down. People seems to have no money to spend or are unwilling to spend nowadays.
This post has been edited by TOMEI-R: Oct 13 2014, 01:48 PM
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TOMEI-R
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Oct 13 2014, 05:58 PM
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QUOTE(corleone74 @ Oct 13 2014, 03:14 PM) as far as I can see, sunway giza mall not many vacant lots since last 1.5 years. the only recent major vacancy at the moment is the former club (coccoon?) unit next to movida. as far as i can see that side quite WONG. the other square where encorp strand's new mall is a bit empty currrently. but population is booming there with the the Cascades just only coming on line. Cocoon and bola bola cafe(ex) is vacant. I heard one of them is for sale too. Anybody interested in puting your money down?  Encorp's Strand is a nice place but a bit deserted though. |
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TOMEI-R
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Oct 13 2014, 10:55 PM
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QUOTE(corleone74 @ Oct 13 2014, 10:45 PM) I love watching movie at encorp mall cos not much crowd, can relak like it's my own living room. i give it another 6months to a year before it gets crowded. What about the serviced residents being built on top of Encorp Mall? Got potential? |
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TOMEI-R
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Oct 13 2014, 10:59 PM
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QUOTE(LTG @ Oct 13 2014, 10:57 PM) More interested in $$$ mang! Not kopi.  |
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TOMEI-R
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Oct 13 2014, 11:03 PM
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QUOTE(thefryingfox @ Oct 13 2014, 11:02 PM) i went to basikal promo last week. everything else is empty and everyone that is in ss2 mall that isn't a owner of a shop were all going to the bike promo last week Gin Huat eh.. |
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TOMEI-R
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Oct 13 2014, 11:06 PM
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QUOTE(thefryingfox @ Oct 13 2014, 11:04 PM) yeah gian huat. got some pretty good bargains on a couple of stuff. was worth the travel there. Didn't go. Wanna play save and save money for more property. |
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TOMEI-R
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Oct 14 2014, 10:44 AM
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QUOTE(corleone74 @ Oct 14 2014, 12:16 AM) got potential if go in early, when i went all the south facing (away from highway) all gone. also very expensive. also i prefer FH. but i think that whole area got potential to boom some more. if i had more cash this area (kota D, tropicana, ara D up to saujana subang) i would choose ara green (new) and bunga raya condo (subsale at saujana side). these two development i felt were somehow special and stood out in the crowd for that price range of 600-800k. my philosophy is to go for something unique, not just pure rental play. but strictly my opinion  i'm interested to know others' philosophy when buying props. care to share what you look out for Are the units all sold ? I saw the starting prices were from Rm600k++. |
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TOMEI-R
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Oct 14 2014, 11:14 AM
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QUOTE(corleone74 @ Oct 14 2014, 10:49 AM) starting price 600k for 1 bedder, LH at KD? that's the early launch price? U sure? I think that's expensive. I can't remember the exact size, IIRC it's about 600++ sft. So it's 900+ RM psf? I was at the showroom last month, only pool facing and highway facing left. The south facing inside (away from highway) gone. Yes, was pretty pricey but considering it is just above Emcorp The Strand which is quite a exclusive place.  |
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TOMEI-R
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Oct 14 2014, 11:50 AM
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QUOTE(Babizz @ Oct 14 2014, 11:31 AM) Call it exclusive lor. Not so crowded.  |
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TOMEI-R
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Oct 14 2014, 12:23 PM
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QUOTE(Matrix @ Oct 14 2014, 11:53 AM) Simple: 1) Not enough advertisement. 2) Parking needs to pay. 3) Management sitting twiddling thumbs and not doing anything. If they give more incentives, sure got people come. Im afraid its not as easy as that. I see an oversupply of place like this that overcomes demand and eventually, not all lots are taken up. |
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