If this is true, it will help bringing up the value 3 months later.

i believe the bank value it at lower price. The owner pay up for the difference.

Yes but valuer will value a prop base on transacted price, so if above deal is true, in future, maybe 3 months later, the valuer might take above deal as reference to value SW apartment then.

ho ho ho...

oh...tq for the lesson.

SW commercially d@ad....Goshhh hopefully
something revives it soon....just look at
the tenants that have moved in...aikks
545k good price, then wawasan landed
can sell more than 650k ..hmmm

There is one unit transacted at RM545K for the size of 1007sf.

too early to judge, we will know by 2016 only, when LRT is ready, PFCC is ready, all the apartments in SW are occupied.
Currently the slow in take up rate (commercial) was largely due to high rental. Those shop owners are going to "break" theirs' rice bowl if they are insisting on charging high rental, high rental will eventually cause the goods sold in every outlets become expensive, at the moment I dun think majority Puchong folks have such spending power to consume in SW.
If SPS fails to fill up the Entertainment Mall outlets (100%) prior to the official opening ceremony, the chances for SW to fail (not "Wong") is very high.

This post has been edited by UFO-ET: Oct 21 2012, 01:35 AM

Which floor

mid-floor, it was a posting that I read but it's yet to be verified.
I would need to check with the valuer.

No problem, opening can be postponed one.

Yepp, it's so blank....filled up by entertainment
outlets only...pubs, snooker center etc.
No anchor tenant like supermarket coming in...
Progress seems slow...just imagine setia city mall
already up n running full speed

As I said before the opening of SW. One of the key strategy to ensure a success of a Mall is "timing"
Ideally the entertainment Mall and all the 80++ shoplots shd be opened together, at least 90% of the retails spaces shd be occupied prior to the official opening, Times Square has made such mistake and SPS shd be aware of it. A few key factors for a successful Mall are :-

1. Location (not necessary prime location but mkt catchment must be adequate)
2. Size of Mall (at least 2 mil onward)
3. Full control of tenant mix
4. Design of the Mall (Width > height)
5. Timing - all retails business operate at the same time
6. Anchor tenant (hypermarket, cinema, banks etc)

From the above, SW has 1 & 4 only, the chance to become very "Wong" is very slim, It is quite lucky that SW is located in Puchong, becoz there are not many competitors around except IOI Mall (which I think not a successful one). So at the time being, SW shd be able to sustain for another few years, if those landlords are so greed and unaware of the mkt downturn, their tenants will eventually leave since their business is not making profit due to high rental. SPS does not seems aware of the situation, if they let TGV starts operation alone, I believe entire entertainment mall will die eventually. my 2 bakuli

This post has been edited by UFO-ET: Oct 21 2012, 12:53 PM

18th

Very true. Then the owners are killing themselves because of "greedy".
They should make the place "Wong" first before thinking of raising the value.

Really 苦口婆心, coming from someone who has probably vested in SW.

Much that they want to open the joints together but due to the tenants are not coming in fast enough, it has come to a point that those have rented out could not wait any further, waiting further will costs them losing more rental.

This is really a catch 22.

If rental is the main show stopper for tenants to come in, that should be fixed. And I agree, if TGV opens in the current state, I am afraid it will not sustain.

Again is all about the capability of the developer in commercial prop

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If investors who own shop lots or SOHOS, shouldn't be too greedy and ask for high rentals. For a mall to be successful, win win situations have to be applied I.e. shop landlords should rent at affordable prices, so tenants can sell products and services to profit all. If landlords are too greedy, tenants will leave & I am sure landlords will failed even if they want to start their own business. It's not a theory, it's proven. So shops' owners beware!!!!

Fully agreed.
Shop owners have to be patient and not too greedy in order to come out the eggs for more chicken for future.