Developer strategy is usually to price high & aim at newbies. Second round, when take-up is slow, to adjust pricing or throw in freebies. This has happened before to their previous phases with lots of complaints from 1st batch buyers.
In any case, investors should be aware that this plot of land is possibly the worst plot in the whole MK area. The land is not solid ground, used to be a ravine and probably lots of work required to fill up and strengthen the "weak" foundation. Earlier phases, eg MK Pines, Palma, Pelangi etc were built on solid granite rock on elevated levels. But those kinds of landbanks already depleted.
Also for investors before buying, take a drive to the current Solaris Dutamas commercial area first and check out the place first. I doubt the current infrastructure can take another retail/commercial/residential whatever. Already there are lots of stress driving in/out of the area with angry drivers being blocked by parents sending kids to school etc.
Anyway, good luck to all!
Arcoris Mont' Kiara, by UEM Sunrise Berhad
Oct 16 2011, 10:34 PM
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