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 The Skyz @ Puchong Jaya, by IOI

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puchongite
post Jun 12 2014, 11:32 AM

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QUOTE(voonyoke @ Jun 12 2014, 11:26 AM)
it has not launched yet. just booking only. will launch bloc C and E. should be around 400++ units.
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"Launch" is just formality only.

If the launch pricing is the same as now, to the interested buyers or flippers, what difference does it make if you book now verses when you book during launch ? If fact you buy during launch is a big disadvantage, because the better view units are already booked.


voonyoke
post Jun 12 2014, 01:24 PM

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I believe when it comes to launching, more people will come to buy. Being placed at average 650 psf, I would say it is fair. Even the I-City in Shah Alam is selling average over 800 psf.
jtl50
post Jun 12 2014, 02:01 PM

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QUOTE(twincharger07 @ Jun 12 2014, 09:29 AM)
Chris kor, ioi parc ville on the hill which i categorize as not so convenient location also goin 600psft..
also judging from their previous skypod launching 600psft for small unit, fast forward after 2 yrs i think 600psft will b the pricing for biggie units..

imho.. the acceptance pricing for puchong now i think around 600psft if not high 5++psft.. Setia Walk pricing going pretty steep too..  hmm.gif
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That's why parc vile is selling slow. For the number of units in skyz, I think they better have strong momentum going at the beginning.
jtl50
post Jun 12 2014, 02:05 PM

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QUOTE(puchongite @ Jun 12 2014, 10:20 AM)
Anyone has info about current booking status ?

Personally I feel it will be slow.

IOI has been having quite a few slow moving launches recently. Lee is blaming to the tightening of loans. He is trying to comfort his ownself, aka, syiok sendiri.

http://biz.sinchew.com.my/node/96654

If they don't mind selling them slowly, they can continue with this pricing. Otherwise, they have to announce discount or rebate or something the like.
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According to their financial report recently, IOI is not doing as good as before, need to be smart at pricing.
jtl50
post Jun 12 2014, 02:07 PM

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QUOTE(nkhong @ Jun 12 2014, 10:36 AM)
To me, they to too ambituous to launch it at 650psf. Maybe they are cash rich, they dont really mind to sell ot slowly.

I also feel it will be slow, but market responce is very tough to predict. Like INP kinrara service apartments launch 2 years ago i also tought going to be slow when they launch it at 600 psf, but within 1 week 90% of the units gone (not sure if i remember it correctly, old aledi, memory power faded).
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Maybe the pavillion2 effect is there...
jtl50
post Jun 12 2014, 02:19 PM

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QUOTE(voonyoke @ Jun 12 2014, 01:24 PM)
I believe when it comes to launching, more people will come to buy. Being placed at average 650 psf, I would say it is fair. Even the I-City in Shah Alam is selling average over 800 psf.
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Is it "selling"? I wonder how many percent sold.
voonyoke
post Jun 12 2014, 02:59 PM

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http://www.nst.com.my/node/1540
I-Berhad’s RM1,480 psf target to get Jewel boost
jtl50
post Jun 12 2014, 03:57 PM

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http://www.thestar.com.my/Business/Busines...-RM1pt5b-Sukuk/

Cash cow seeks for cash.
puchongite
post Jun 12 2014, 04:51 PM

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QUOTE(voonyoke @ Jun 12 2014, 01:24 PM)
I believe when it comes to launching, more people will come to buy. Being placed at average 650 psf, I would say it is fair. Even the I-City in Shah Alam is selling average over 800 psf.
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We will know the truth when the time comes, and it will not be too long.

For me the market is already aware of skyz, and their reaction is already demonstrated, there is no reason why they have to wait for official launch to react to it. Unless IOI revised down the pricing or give additional benefits.

This post has been edited by puchongite: Jun 12 2014, 04:53 PM
voonyoke
post Jun 12 2014, 05:01 PM

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Puchongite, ioi will never revise down the price. If you see the puteri hill townvilla, their sale only 20% but the price will never down. Buy it or leave it.
puchongite
post Jun 12 2014, 05:08 PM

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QUOTE(voonyoke @ Jun 12 2014, 05:01 PM)
Puchongite, ioi will never revise down the price. If you see the puteri hill townvilla, their sale only 20% but the price will never down. Buy it or leave it.
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No developer in the right frame of mind will revise down the selling price.

But they always play with discount and rebate.

They also always extend the rebate period or promotional period etc etc.

Since they have not "launched" the skyz, the bookings made so far is under a "nominal" price. So if they announced discount or rebate during the launch, they are still not considered "revising down" the price.

But we know what it means.

This post has been edited by puchongite: Jun 12 2014, 05:18 PM
puchongite
post Jun 12 2014, 05:14 PM

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QUOTE(puchongite @ Jun 12 2014, 05:08 PM)
No developer is in the right frame of mind will revise down the selling price.

But they always play with discount and rebate.

They also always extend the rebate period or promotional period etc etc.

Since they have not "launched" the skyz, the bookings made so far is under a "nominal" price. So if they announced discount or rebate during the launch, they are still not considered "revising down" the price.

But we know what it means.
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They are extremely kiasu when coming out with this voucher scheme with the selling price unfixed !

Come on, if they have confidence with their pricing against the market, they should fix the selling price !
voonyoke
post Jun 12 2014, 05:27 PM

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Puchongite, if you were them, you might not say so. They have their reasons to do that. They don't mind the units won't be taken up quickly. They can hold it for very long time as their holding power is much much stronger. For example, PFCC, the office occupation is quite low and slow, and they are 4 bloc and 1 bloc of hotel. I think 10 years also not enough to be fully occupied.
puchongite
post Jun 12 2014, 05:43 PM

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QUOTE(voonyoke @ Jun 12 2014, 05:27 PM)
Puchongite, if you were them, you might not say so. They have their reasons to do that. They don't mind the units won't be taken up quickly. They can hold it for very long time as their holding power is much much stronger. For example, PFCC, the office occupation is quite low and slow, and they are 4 bloc and 1 bloc of hotel. I think 10 years also not enough to be fully occupied.
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I have never doubted IOI's holding power. I have also never said selling slowly is bad for IOI.

I only predicted that, yes, it will be slow. Do you see my point ?
jtl50
post Jun 12 2014, 06:05 PM

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QUOTE(puchongite @ Jun 12 2014, 05:43 PM)
I have never doubted IOI's holding power. I have also never said selling slowly is bad for IOI.

I only predicted that, yes, it will be slow. Do you see my point ?
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If you have too many projects that are selling slow, it's not good right?
puchongite
post Jun 12 2014, 07:50 PM

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QUOTE(jtl50 @ Jun 12 2014, 06:05 PM)
If you have too many projects that are selling slow, it's not good right?
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They will have to find a balancing point. That's why they are kiasu, selling properties without announcing official selling package.
wcuiy
post Jun 12 2014, 11:05 PM

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QUOTE(jtl50 @ Jun 12 2014, 06:05 PM)
If you have too many projects that are selling slow, it's not good right?
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Agreed. Their holding power is really that strong enough for too many projects selling slow? hmm.gif
puchongite
post Jun 13 2014, 09:32 AM

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QUOTE(wcuiy @ Jun 12 2014, 11:05 PM)
Agreed. Their holding power is really that strong enough for too many projects selling slow?  hmm.gif
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Too many slow moving properties will give them not so good image.

And will also lock up their cash.
wcuiy
post Jun 13 2014, 12:17 PM

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QUOTE(puchongite @ Jun 13 2014, 09:32 AM)
Too many slow moving properties will give them not so good image.

And will also lock up their cash.
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The skyz will be completed in year 2018. The worst scenario, will the project be delayed or abandon?
puchongite
post Jun 13 2014, 12:21 PM

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QUOTE(wcuiy @ Jun 13 2014, 12:17 PM)
The skyz will be completed in year 2018. The worst scenario, will the project be delayed or abandon?
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That's something quite unlikely lar.

If you cannot trust IOI for completion, you practically cannot trust 80% of developers in Malaysia.

My personal view.

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