QUOTE(JasonLeeX @ Aug 13 2018, 10:02 PM)
Truth be told, I used to think Subang was not a prime location cause I thought prime location means close proximity to KL when I was new to the property world.
But after much research from this forum, advises from investors as well as googling. Prime location basically means
A location that excels in Transportation, wealth, regeneration of projects and area feature. The original 47500 occupiers fulfilled all the criteria considering the abundance of successful malls/educational facilities/medical facilities/transits etc.
If you want to narrow it down, SS15/16 would considered prime as well as the area around sunway pyramid. You can't deny a place whereby there is a hugely successful mall, BRT, huge and expensive hospital, developing office towers, LRT/MRT, renowned universities etc. within close proximity being a prime area.
Like I said, Batu tiga/subang industrial park does not have ANY of the characteristic, being located in a factory loaded area on top of low end residential surroundings and no features within close proximity at all, let alone talking about transit. Hence, no one would consider that location to be prime. What Tropicana is trying to do is to make that area PRIME hence its own hospital, school, commercial and mall (which all are high end luxury projects, not just some run in the mill school or hospital) but the sad thing is they are failing to do according to what was set out in the masterplan.
Source for "prime location" definition :
https://www.galliardhomes.com/investor-info...in-london-primehugely successful mall--> Ermm... So, you consider Subang Parade as successful and Empire as huge?
BRT --> with only 7 stations (Total distance 5.4km not even longer than half of the distance between 2 LRT stations) and you consider this as added point? Also RM1.60-1.80 between 2 stations of such close proximity, this is not acceptable. It defeats purpose of public transport after all.
huge and expensive hospital --> Okay, you have this point. Expensive, but not really huge
developing office towers--> Ermm. I have no studies on this, so can't comment
LRT/MRT--> Okay you got this point. LRT yes, but MRT no.
renowned universities--> Okay you got this point
Look back... Seriously?
This post has been edited by sjr: Aug 13 2018, 10:49 PM