And when those units are "released", they will charge the new prevailing cost psf then?

Meaning units in Phase 1 when released later, will cost 1,300 psf, when it was only ~750 psf during launch???

Abit unscrupulous if that's the tactic. But is that even true?

Dijaya does it v often.

KUALA LUMPUR: Tropicana Corporation Bhd is offering for sale its Tropicana City Mall and office tower in Petaling Jaya to CapitaMalls Malaysia REIT Management Sdn Bhd.

CapitaMalls Malaysia REIT Management said on Friday it had received a letter of intent from Tropicana City’s unit Tropicana City Sdn Bhd to look into purchasing the properties.

Tropicana City Mall is a four-storey mall with basements which can accommodate 1,759 cars while Tropicana City office tower is a 12-storey building.

“With the signing of the letter of intent, an exclusive period for the due diligence will be granted to CMMT and upon being satisfied with the results, CMMT shall proceed to enter into negotiations on the terms for the proposed acquisition,” it said.

CapitaMalls Malaysia REIT Management is the manager of CapitaMalls Malaysia Trust.

Tropicana deems mall as its non core assets...looks like not many big developers want to venture into malls

This post has been edited by CMW123: Aug 24 2013, 04:42 PM

Tropicana City Mall rental rate is very low thus income also very low.

They will concentrate on their flagship projects i.e Tropicana Garden, Tropicana Metropark, and Iskandar Projects.

So Tropicana believe Capital Mall surely can improve on the rental rate? Should be...since they are specialist

If after 3 years opening rental rate still low then how to fetch a good selling price? Better shift the money to other projects that can generate higher return since after trying 3 years

Just some provoking questions....and the possible answers

I wish Tropicana City Mall well as I vested in Tropics upstairs!

So what is the plan for the mall at Tropicana Gardens? 1 million sf...

This post has been edited by CMW123: Aug 24 2013, 10:18 PM

I think the r selling mall to raise cash n reduce debt.

CapitaMalls should bring in tonnes of well-established Singaporean tenants....

Tropicana City Mall just to tweak abit especially the small stores and F&B. Otherwise will be good place for neighborhood + cinema!

went to the sales gallery 2 weeks back. Left with only a few units

1579sf with the price tag of RM1,100psf after 9% rebate

Very pricey. Have they forgotten this is sungai buloh

Boss, what are some of the big names of those Singaporean operators?

Huh? Kota Damansara is still considered as sg buloh? Please move on.

Price is not cheap. But there is nothing relate with the sg buloh or klcc. I tot every development start from the empty land?

That price...Rather.. Go vest in heart of kl city. Even mrt done. . that area population increase lead to over capacity..(+prima project not far).. At peak hour u need to squeeze like saddin pack to go work and back. Duration to kl city More than 25 to 30 min inside the cabin can.n you can smell all kind of smell..lol.. Or unlucky one u can't even squeeze in. Glamour price but not so glamour life...

This post has been edited by HELLO HELLO: Aug 25 2013, 11:24 AM

Tropicana gardens phase 1 takes 48 months to completion, is this area will be remain the same traffic condition after 48 months? I tot the mrt station dataran Sunway operate before the project done? Not?

What the different? After 48 months join the mrt party fight, squeeze and smell. Paid higher than kl city price to suffer later.

This post has been edited by HELLO HELLO: Aug 25 2013, 11:43 AM

Buying here is like buying the most expensive house in the neighborhood, strategically speaking.

Mrt in KL is strength but in KD is weakness?

Yup from my observation in other big cities, the furthest stops from the city centre (25-30 minutes minimum) are usually the more affordable condos, which is kind of the point - helping modest income earners get easier access to work. Apparently things are different in the Klang Valley...

Well known developer.. that's why it's so pricy