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 Tropicana Gardens, Kota Damansara, • The Brighter Side Of Life •

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Babizz
post May 3 2015, 11:55 PM

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QUOTE(Kicimiao66cc @ May 3 2015, 09:36 AM)
Wow so fast ar? But arnica I though cheapest is 770psf after rebate + DPC? Not? Got 700psf???
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I remember seeing 740 after rebate... i think average mid floor after rebate should be 800, 1050, 1230 (correct me if im wrong as these are my predictions). 40 floors is based on my observation la, i didnt have the time to count but it looks like more than 30+ n almost arnica height.

I think VP price for arnica will be transact circa RM1.2kpsf, cyperus will be RM1.4kpsf as its fully furnished plus mall ready at the same time.. rental yield will be bad until MRT ready n then even better if the mall has good tenants..
Asking rental for nexis remains low at RM3.2psf & cyperus needs RM5psf to cover installment, I bliv it will only reach RM4.5psf (if prices continue to grow).

Anyone knows how early arnica will complete??


Babizz
post May 4 2015, 04:19 PM

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QUOTE(etac @ May 3 2015, 09:14 PM)
This is very optimistic. I believe you may have to wait longer than you expect
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current nexis also rm1.05-rm1.1kpsf & we are looking at 2 yrs from now..rental yield may be low for arnica but should cover installment.. RM4psf by mall opening is doable..

Babizz
post May 4 2015, 06:33 PM

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QUOTE(Kicimiao66cc @ May 4 2015, 03:08 AM)
Rm1.05psf for what? Office rental rate?
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Cap values/asking prices.. the next statement about low rental yield for arnica is not linked to the first one.. sorry sorry my engrish no good...

But someone should take a pic of TG if they are on persiaran surian (cos i usually drive by nkve). No use construction for 3 towers are fast if the office/hotel tower doesnt start construction cos thts the centre of the mall..
Babizz
post May 6 2015, 05:30 PM

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Kochin kor, yes its setiakon brows.gif brows.gif

Malu leh fr tropicana corp..

Lasallian Asia Partnership for International Schools Pte Ltd (Lapis) has decided not to participate in a joint venture to build an international school in Selangor, Tropicana Corp Bhd said on Wednesday.

In February last year Tropicana’s subsidiary Tropicana SJII Education Management Sdn Bhd entered into a shareholders agreement with Singapore-based school manager Lapis, while Tropicana Education Management Sdn Bhd (TEM) signed a shareholders agreement with Lapis and Warisan Istimewa Sdn Bhd to set up St Joseph’s Institution International (Malaysia) in Sungai Buloh.

However, in January this year Lapis requested not to participate in TEM as a shareholder.

Tropicana announced to Bursa Malaysia on Wednesday that it, TEM, Lapis and Warisan Istimewa had mutually agreed to terminate the TEM shareholders agreement. Hence the shareholders of TEM will remain as Tropicana and Warisan Istimewa with shareholdings of 85% and 15% respectively. (Originally, Lapis was to hold 10%, while Tropicana and Warisan Istimewa were to own 80% and 10% respectively in TEM.)

Tropicana said the other shareholders agreement remained in full effect and was pending fulfillment of the conditions precedent.

It is not clear from the statement to Bursa whether the construction of the school would be delayed or aborted now that Lapis is no longer available to provide expertise on the construction and fit-out of the building and to manage the school.

This post has been edited by Babizz: May 6 2015, 05:31 PM
Babizz
post May 6 2015, 10:06 PM

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QUOTE(brother love @ May 4 2015, 10:12 AM)
Frum the comments i think many buyers are still thinking its circa 2009 where every poperty they buy will appreciate 2-3x market value once vp..they can ask 1200 psf but will there be any takers for a 600 sf studio su h crazy prices...if Msuites studio at Jln Ampang struggling, imagine at tis location..the concept is good but emtry prices mad
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Cant compare M Suites n this one.. M Suite NO MRT or train, NO big time commercial/makan/bar/bank/office area like giza/dataran sunway & MOST IMPORTANTLY, ampang hilir has the lowest occupancy rate with a few thousand more condos coming in...

Rental in M Suite goes to as low as RM2.5psf while cascades is RM3 to 4 before the MRT n TG mall.. i think TG appreciation will be limited but look at Tropics with a subpar mall n rental at RM4psf.. brows.gif brows.gif brows.gif

Cant compare Jln Ampang n damansara la..diff market leh icon_rolleyes.gif icon_rolleyes.gif
Babizz
post May 8 2015, 10:15 AM

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TG bayberry already taller than arnica.. couldnt see cyperus from far but bayberry now maybe 43 floors cos cant see the top floor just yet.. any progress on the tunnel??

Arnica already started painting white..looks nice cos glassy n white..would look btr if it was grey n glassy..

This post has been edited by Babizz: May 8 2015, 01:25 PM
Babizz
post May 8 2015, 09:47 PM

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QUOTE(rainman19 @ May 8 2015, 06:15 AM)
the far angle look stunning  biggrin.gif
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yes the pic from the t gallery end looks stunning.. reli cant wait for TG to VP icon_idea.gif icon_idea.gif icon_idea.gif also hoping the middle tower will be 50+ floors to make it 5 stunning towers..
Babizz
post May 8 2015, 10:26 PM

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Accetera's Post:

Tropicana Gardens is a unique mixed integrated development that offer a combo package. Click our Property Profile page. [www.ptlm.com.my]
(1) Pedestrian connector to integrated MRT Station
(2) Large Retail Mall with Cineplex, Gourmet Supermarket, an Exhibition Centre and Kid's Adventure Park
(3) Office and Hotel Tower - tba soon
(4) Urban gardens like Namba Park Osaka
(5) 80,000 sq ft of facilities spread over 2 floors in Cyperus Tower
(6) Fully furnished small-sized service apartments under HDA
(7) A rare Golf and Lake View and neighbouring a golf course
(8) Near to upcoming International School as well as university, IKEA and shopping belt.
(9) Chic Kota Damansara address.

http://www.ptlm.com.my/index.php/cyperus-s...-kota-damansara
Babizz
post May 9 2015, 09:50 AM

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QUOTE(mthc @ May 8 2015, 12:14 PM)
If got bullet sure buy for own stay.
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Own Stay good kua.. but investment wil be low yield.. this one potential trophy property for damansara so own stay 2 room will be good icon_idea.gif icon_idea.gif if wan 3 room btr buy t grande.. brows.gif brows.gif

This post has been edited by Babizz: May 9 2015, 09:51 AM
Babizz
post May 9 2015, 01:42 PM

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QUOTE(propertybbb @ May 8 2015, 08:54 PM)
Yup..Family living...Grande's side better(only if u can afford ha)! Old folks like me....dont want to see so many crowds in most of my private time..somemore in front MRT..aiyo. For DINKS...mall lo.
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I duno why but i feel living in KL Sentral is weird liao.. too many crowd moving around.. hope Tg wont be 'too crowded'. patchay kor, this mall the rendering look like got nightclub wor.. betul kah drool.gif drool.gif

QUOTE(mthc @ May 8 2015, 08:55 PM)
Sadly 2 rooms sold out adt sigh
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Yes can wait for subsale phase 1 la.. main entrance for the apartment will be facing golf course so mall on the other end will be undercon la.. i expect arnica to VP in 12 months max icon_idea.gif icon_idea.gif
Babizz
post May 9 2015, 02:20 PM

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QUOTE(proplens @ May 9 2015, 12:02 AM)
Low yield means over-priced lor
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Mall look like this jor.. maybe tenants like this mall with namba park type concept.. brows.gif brows.gif


Attached thumbnail(s)
Attached Image
Babizz
post May 9 2015, 10:04 PM

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QUOTE(murrayballs @ May 9 2015, 05:59 AM)
really nice, but still cant swallow the price la
and i doubt sunway will price their future launch higher looking at TG sales (unless they play around with better sizings)
even then i think current pricing is already max (if not slightly over) in terms of ROI on rental

for the sake of discussion, what do u guys think of sqwhere vs TG?
sure TG better, but sqwhere pricing still seems doable for ROI on rental
plus its SDB product with MRT line as well..u can still conveniently go to TG if u so desire
plus sqwhere have its own retail as well (+ Dsara Sentral retail)
and SDB u are guaranteed quality products..looking at TG apartment design it looks normal at best, cant even win cascades design
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Yes price cnt swallow.. on emporis thread already mention sunway launching for RM1.3kpsf.. TG pricing already above 4.5% ROI..

Purely in terms of product n location, sqwhere is much less viable.. thrs literally nothing beside thr other than low end factories n expats really look at the surrounding restaurants/area.. Why wouldn't some1 jus rent an apartment in sri rampai over a jungle in sg buloh.. TG got mall below n thousands of restaurants/banks/bars etc opposite.. Easy to say jus take d MRT up n down to makan but u can see many examples of prices that are even 50% lower if surrounding not succesful.. Those little retail in sqwhr n dsara sentral might not do well..

TG's apartments will look nice n cascades is 900m-1km away from the MRT jus like Strand.. i recently took d train n walked 600m in my dress shirts n started sweating/feeling uneasy.. Maybe thats just me..

I do agree that cascades is a btr buy as the studios are smaller but overall product n location cant match Cyperus... thumbup.gif thumbup.gif thumbup.gif Im still saying that TG Cyperus wnt even cover installment sweat.gif sweat.gif jus keep for collection or ownstay la

This post has been edited by Babizz: May 9 2015, 10:13 PM
Babizz
post May 9 2015, 11:06 PM

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QUOTE(calvin989898 @ May 9 2015, 08:45 AM)
I would say sqwhere is a better buy. 750psf of sqwhere vs 1300 psf of TG. I do agree TG is command higher price due to more mature area. For sqwhere, my believe is that more development are on going in that area. The infamous one are kwasa land. Accessibility wise, it is much more convenient to go nkve. Lastly as you mentioned about SDB quality vs Tropicana quality. To me Tropicana is no match for Sdb. This is easily comparable on the past projects. Upside potential for sqwhere I believe is higher.
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Calvin,

Sqwhere's asking price for the service apartments will be 900psf n the 750 is in nov 13 for the sovos (usually cheaper than Svc apartment+GST). TG's current asking price is from 1200psf before 7% rebate or 1267 average b4 rebate..

So 1200 vs 900psf for the same type of product.. Sbd is indeed a 6 star dvloper until hub fell down n also the WOTP block B look like mid cost cry.gif cry.gif cry.gif
Babizz
post May 9 2015, 11:12 PM

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QUOTE(calvin989898 @ May 9 2015, 09:09 AM)
Sorry sqwhere is not 900psf. It's less than 750psf after discount. WOTP block b like mid cost?? U know what u talking?
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Cant compar sovo n service apartment la.. same like summer suites .. can see kochin kors comments.. https://forum.lowyat.net/topic/1681997/+1680

Refer to the pic below n comment on sdb design pls..
https://forum.lowyat.net/uploads/attach-62/...-1431091275.jpg
Babizz
post May 9 2015, 11:20 PM

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QUOTE(calvin989898 @ May 9 2015, 09:15 AM)
As I said, get ur facts right before comment. That pic u show is not block b. It's block c. And block c it is market and sold as mid cost.
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Sorry, i not pro on which block bu i know the mid cost block is sold very expensive n almost the same price psf price.. Refer to propcafe post below..


Block C is the most unfavorable block among all of the proximity of the current 11-storey apartment developed by Yuwang Development Sdb.Bhd. Besides facing this Yuwang’s apartment, apparently Block C units are categorized as “medium” cost apartment to fullfill medium cost apartment requirement which the max SPA price suppose to be around RM 100k but SDB separate the SPA into 2 parts, ie. RM100k for basic unit and the extra RM 400k++ is for all the so called upgrading packages. This is something rather new to me and not sure how would it be a complication when selling the units.
Babizz
post May 9 2015, 11:25 PM

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QUOTE(HELLO HELLO @ May 9 2015, 09:22 AM)
Yup boss, indeed very expensive. sad.gif
Hope the end product very worth it.
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QUOTE(calvin989898 @ May 9 2015, 09:23 AM)
What's your definition of very expensive? Are comparing yuyang low cost with Wotp block c to conclude it is expensive? Is this apple to apple comparison?
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U can refer to hello2's post above.. Im talking very expensive relative to the other 2 blocks.. sad but true.. Yuwangs apartment maybe 1/3 the price? so cant compare right?
Babizz
post May 10 2015, 11:01 AM

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QUOTE(hakamika @ May 9 2015, 08:50 PM)
Cascades shoplots are facing problems to rent out,  same as the strands gardens offices and shops.
Cascades residence is taking advantage on staying in the center of KD whereby all the amenities are so close to it and the car can escape jam from persiaran surian using the other way to reach toll exit..
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As mention b4, commie in cascade n encor wnt do well given deep deep location.. Cascade shop still 20-30% occupancy with cosans n a few more? icon_question.gif icon_question.gif
Babizz
post May 10 2015, 11:42 AM

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QUOTE(mthc @ May 9 2015, 09:21 PM)
Affin bank. Cosans. One clinic and a shop called bereau. Less than 10% and garden strand only have 2 night bars, a mama,  1 cafe. Also less than 10%
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Wah quite bad n maybe the bank aso not doing well cos need a lot of biznes around to support d bank.
QUOTE(hakamika @ May 9 2015, 09:21 PM)
I meant for cascades residency, cascades shop is poor in occupancy not even 20%..
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Do u know whats the residency's occupancy? Is nexis tenancy managed by sunway or jus by themselves.. nexis retail still kosong ah?
Babizz
post May 10 2015, 05:02 PM

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QUOTE(hakamika @ May 9 2015, 10:45 PM)
Most studio units in cascade are rented out. It should be quite high occupancy.
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good to know..

QUOTE(murrayballs @ May 9 2015, 11:26 PM)
im betting on cascades and strand office to come good eventually
its been slow due to persiaran surian congestion due to MRT + overall glut in office space

once the offices fill up, cascades retail will do ok

strand mall even im quite bleak on the outlook hehe
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I not sure about strand office but I feel some of the owners w/out strong holding power might not be able to make it while waiting the final 2 yrs... Strand mall can jus be ur cinema spot la brows.gif brows.gif brows.gif
Babizz
post May 11 2015, 08:27 AM

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QUOTE(C&D @ May 10 2015, 04:34 PM)
Nice, especially coming from a "boring" developer 😄
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brows.gif brows.gif Las mall was boring n this one got btr access.. I still think they wld have to settle for low rental at Rm15psf for the concourse level.. Also got many free shuttle buses from nearby areas, so this mall has the right formula but still wrong time brows.gif brows.gif In the future, KD, Sg Buloh n rawang ppl will stopby MRT malls like TG n makan/groceries b4 going home.. This is the future MRT lifestyle drool.gif drool.gif


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