QUOTE(ManutdGiggs @ Oct 8 2011, 06:44 PM)
Apparently the retail units are only to be leased.
That way, they can control the tenants, which greatly reduces chances of the mall being a flop.
It will weed out investors, and allow actual tenants only.
Oh on another note, I found out that GSC is one of the anchor tenant.
Another Tropicana City Mall (TCM)? You decide. Let me know your opinions.
As for the pricing, some may argue that it is pricey. Yes, no doubt. But do take into consideration
that this is DIBS. Hence, the pricing now is actually viewed in the future when the project completes.
As a comparison, TCM's current price range is around RM720psf, while Atria's selling price is approx.
RM750psf. There are a few main differences:
1. Atria offers free S&P, while TCM is on your own expense.
2. While Atria is priced at a premium compared to TCM, in 3 years time when Atria completes, do you
still think that TCM will still stay at the same price as now? It should prolly inflate by then, thus making
Atria look more attractive (slightly).
Of course, there are risks to take, like how successful will the mall be? These are just my opinions, pls
feel free to state your arguments, and not shoot me down without a valid reason.
Added on November 30, 2011, 12:21 amQUOTE(bakacupid @ Nov 30 2011, 12:03 AM)
Neither. DJ's residents' association are against OSK building a high rise residential area.
Hence, they came out with the idea of SOFO, which exploits its grey area. It is classified
under commercial, but apparently can be used as residential. It is also designed to be
residential. Like having a pool: How does that relate to office use, I wonder.
By classifying as SOFO, they get a backdoor pass for the building approval, without
any disputes with the residents' association.
This post has been edited by Discord: Nov 30 2011, 12:21 AM