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 Tropicana Metro Park, The Compass to Living

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mascot_lim
post Apr 11 2013, 06:29 PM

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Seems like this thread is dead....any update so far for this Dijaya project?
mascot_lim
post Jun 4 2013, 12:34 PM

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In fact, how much price appreciation if this project will offer in the next 10 years time? will it be over price like Tropicana Garden RM1500 per square ft?
mascot_lim
post Jun 4 2013, 03:15 PM

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QUOTE(johnkwchan @ Jun 4 2013, 12:51 PM)
i had bought a unit during the prelaunch last yr after taking a drive around this area.

i had assessed the area and my thought process as below:

Neighbourhood
Up the road is the affluent areas ie Subang Heights, USJ Heights, USJ 3A/3B/3C/3D. Good population catchment but lacking commercial area/shops here. If go at night place it totally "dead". Definately currently not a place to hang out and has good potential for commercial area like USJ Taipan at this side of town.  TM should provide the required commercial area as catalyst to move this area to new level.

Not to forget that in addition to this further up the road additional population catchment from the USJ and Subang Jaya vicinity.

Toll
Perception is after the batu 3 toll is "Shah Alam".... okay.... so developer has to work harder to convince ppl that this development will be a success. Dijaya strong name. Should be ok on this front... Similar with Desa Park City "after the toll = Kepong" case? So in this case take comfort in strong brand identity of developer...

HTC / Telco Tower
Perhaps also consider the following developments near HTC... Solaris Dutamas, Hartamas Regency 1, Hartamas Regency 2, Puncak Prima, condos near Plaza damas (Windsor Tower, Waldorf Tower, Damas I, Damas II, Damas III). Nearer to TM, also got USJ Heights / Subang Heights bungalow right under HTC.... Wake up in multi million dollar bungalow to the metallic smell of HTC tower....

Conclusion is want to buy, then buy... dont want to buy HTC is convenient excuse.

Understandably HTC/telco tower creates mental block for many ppl. Actually this was also once a deal-breaker issue for me but after taking into consideration the above.... okla. take a bet.

Kilang
Though is near kilang area, kilang is not the type that is full of asap. Behind USJ 1 also lot of kilang but then USJ also successful. Key is that kilang to be out of sight from main road... On main road 2 other kilang remains... Rex Industries and Times Publishing which are large corporates. Given enough $$$, they also will sell off their factories to developer lah (im firm believer in capitalism). So while im not betting that this will happen anytime soon, at least the kilangs along the main road is not owned by 100 cinapeks (or 30,000 banglas)....

Cemetary
Tropicana City Mall also even nearer to hindu/malay cemetary la.... This place cemetary further away and also likely to be block by commercial building in future.

Accessibility
Area is currently quite inaccessible (only can access via Shah Alam-CSR side and USJ 4 side. Absence of confirmed, direct access to federal highway will be deal-breaker issue. But developer confirmed direct access.

Strong vested interest of developer to ensure success
This area is big and is long term development for Dijaya (10-14 yrs i heard?). Hence developer has a very strong vested interest to make sure Phase 1 is successful so the following phases will become more and more profitable for them. So developer and buyers are in the "same boat". This is key factor that sealed deal for me. This is not a "okay-thank-you-bye" development for the developer...

Im not sure if this thought process is correct / perfect but appreciate the taikors here can komen on it ya.

Appreciate independent (and even opposing) views.
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Brilliant Analysis......
mascot_lim
post Jun 4 2013, 04:36 PM

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QUOTE(bengyson @ Jun 4 2013, 04:07 PM)
Very good information.So Bandaraya going to develop this piece of land...is that mean in the future those who bought the unit there can escape from the toll..? Hehe.
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So far any plan for BRDB? Will this project commenced soon or has been cancelled so far?

What is the main features of this development?
mascot_lim
post Jun 4 2013, 04:36 PM

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QUOTE(chingkang @ Jun 4 2013, 03:53 PM)
Land cross the train line belongs to BRDB.
http://announcements.bursamalaysia.com/EDM...20Of%20Land.pdf

PROPOSED DEVELOPMENT PLAN
Subject to the approvals of the relevant authorities, BRDB intends to undertake a mixed development
with an estimated gross built-up area of 5 million sq. ft. comprising retail, street retail, designer suites,
office suites and residential apartments. The proposed development is expected to be carried out in
four (4) to five (5) phases over seven (7) to eight (8) years with the construction of Phase 1 expected to
commence in 2009. Based on a preliminary feasibility study, the proposed development is expected to
generate Gross Development Value of about RM1.5 billion and Gross Development Profit of about
RM0.5 billion.
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So far any plan for BRDB? Will this project commenced soon or has been cancelled so far?

What is the main features of this development?
mascot_lim
post Jun 13 2013, 10:10 AM

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QUOTE(bengyson @ Jun 13 2013, 09:36 AM)
Anyone Tower A buyer getting the approval for OCBC so far? I find the approval is really slow for OCBC as the banker update me still waiting for approval to submit.
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Not only OCBC, I find most of the banks are very slow to let us know the approval status....Next week will be the deadline of 14 working days....kinda worry....
mascot_lim
post Jun 13 2013, 10:35 AM

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QUOTE(mpfans @ Jun 13 2013, 10:22 AM)
Agree. Maybank approve my application but right until now they havent proceed to send the offer letter to the lawyer. The lawyer can't proceed with the loan agreement coz of that. sigh. I'm chasing them. Next week deadline.  vmad.gif
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True bro.....last time when I bought OSK project, I have never encounter such issue....loan approval status is quite fast for few banks, but this is my 1st time to buy the Dijaya product, and 1st time encounter such issue....dunno what is the issue there? or too many peoples apply in one shot? Just hope can know the result to see whether approve or reject, at least I can do something from my end.....
mascot_lim
post Jun 13 2013, 02:11 PM

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QUOTE(chrisoth80 @ Jun 13 2013, 10:33 AM)
here's the summary for each bank that I've applied and got approval considering the day application submitted to each bank;

RHB = 5 Working Days
HLBB = 5 Working Days
MBB = 4 Working Days
CIMB = 6 Working Days
OCBC = MIA (No Status)
HSBC = MIA (No Status)
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Bro, you are quite lucky man....
mascot_lim
post Jun 13 2013, 02:12 PM

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Guys, a friend of mine might consider to drop his unit for Pandora Type A facing garden view. Please PM me in case you guys interested. Thanks.
mascot_lim
post Jun 19 2013, 11:55 AM

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Seems like some banks are having issues with the developer for loan matters according to my bankers.....sad.gif
mascot_lim
post Jun 23 2013, 10:26 AM

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Just went to Sales Gallery yesterday, the senior sales manager talked to me that current price was increase till almost RM950 psf for Pandora before discount.....I was thinking, serious or not? Was heard from him they will launched a new phase in early August.....
mascot_lim
post Jun 23 2013, 03:11 PM

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QUOTE(Gill71 @ Jun 23 2013, 02:18 PM)
at least 20k up for Tower A studios
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Conservatively count, my unit at least appreciate for about 60k for now, according to the sales manager?

I am totally sweat when i heard about this.
mascot_lim
post Jun 27 2013, 10:31 AM

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QUOTE(apekgoh @ Jun 26 2013, 01:20 PM)
but singapore is an island wor, good location property is always scarce, compare to KL which has been expanding ever since with new land mass opening up, RIM, TUDM, Cochrane... DIBS cooling measure sure kena hit some of the prop that location wise is relatively 'new'.
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Thats true bro.....actually, IMHO, i think BNM is not really doing their job, for whatever their policy to curb for the price speculation for property industry. I am believe that, even BNM banned DIBS policy, the developer will "smart enough" to implement another type of schemes to replace DIBS, which I don't think it will stabilize the price. For longer term, this ban will impact for those who really need a house for shelter. If they really want to control, just implement heavy tax on the real estate gain tax on selling price, instead of profit margin within 1st 2 years after VP, I think it will be more stabilize the pricing. Of coz it will have a deep impact on the property industry on short run, like speculators and developer, but when come to long run, it will be more healthier for the whole industry, although I dun think current ruling government will "sincerely" control the price, as their own cronies are making a lot of money there.....what their policy now only will badly hit to the lower-middle class citizens, and not speculator.

Pls dun shoot me if I am wrong......Happy investing mates....
mascot_lim
post Jun 27 2013, 11:02 AM

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QUOTE(jason_chee @ Jun 27 2013, 10:53 AM)
well... in my opinion, gain tax imposed on seller will be channel to buyer. it will not be able to curb the speculation issue. the 70% LVR also not be able to stop this although it reduces some speculator or flipper. in my opinion, there should be tighter rules impose on Loan for Higher Income group. Based on Nett Salary Range will be good. Imagine, the richer will get lower finance margin and the poorer get higher loan margin. why the richer buy? cos they are simply speculator / flipper. anyway, each rules that come out has it's flaw. there is no perfect rules to protect everyone. just my 2 cents.
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I am agreed with you bro....your feedback is make sense to me too....
mascot_lim
post Nov 19 2013, 10:52 AM

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QUOTE(tannsia @ Nov 19 2013, 10:02 AM)
I bought one unit of phase 1, Pandora, final reased unit at RM950 psf before discount. So if they are indeed selling at RM850 before discount, we feel very much cheated. Developer, ini boleh?? vmad.gif
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I don't think phase 1 of Pandora so expensive at RM950 per square feet. Last time the price tag not so high like now....

Btw, who bought the Pandora Phase 1, I think they have lauging all the way to the bank already when they launching Paloma by end of this year....smile.gif
mascot_lim
post Nov 19 2013, 11:11 AM

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QUOTE(NewMomKelly @ Nov 19 2013, 11:00 AM)
Will laugh only after 4 yrs when it is all completed , and starts showing result . Will laugh more when it becomes matured if successful . Now only a small smile.
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Yeah, indeed, Im quite confident with this project although I am not the buyer for it......haha.....

Small smile is enough to cover for the time being.....smile.gif
mascot_lim
post Dec 2 2013, 12:40 PM

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QUOTE(Maneki-neko @ Dec 2 2013, 12:02 PM)
Tropicana bought this piece of land at premium price, so they can't sell anything lower than RM 800 psf. Think they will follow the price increase like that they did for their Kota D'sara project: RM 1.2k psf??  drool.gif
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Agreed that Tropicana bought this land at premium price, however, I don't think personally, they will increase the price further to 1.2k like Tropicana garden, consider with the ban of DIBS and Interest Capitaliation scheme, in fact, we have see the impact for these bans......

Consider the price tag is even much cheaper than Pandora Tower A with slightly bigger in per sq ft.

Just my 2 cents opinions...smile.gif
mascot_lim
post Dec 6 2013, 10:12 AM

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QUOTE(akh731 @ Dec 5 2013, 05:01 PM)
So many talk and event.. sales should be great rclxms.gif
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If their sales are really so good, they dont even will have a talks for every week and launching nite......

We can see the impact of the policies implemented now....
mascot_lim
post Oct 17 2014, 10:13 AM

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QUOTE(csy1979 @ Oct 14 2014, 10:53 PM)
putrajialat and cyberjialat .... very creative terms ....  biggrin.gif  ....
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Indeed.....I cant stop laughing seeing these terms...
mascot_lim
post Feb 5 2015, 12:57 AM

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QUOTE(Babizz @ Feb 5 2015, 12:27 AM)
The tesco extra near the stadium jam quite bad esp on sundays when got bazaar..jubli perak is still the worse.. from guthrie highway across d federal n until the roundabout closer to kesas. lucky metropark got flyover...
I city i feel ok only  biggrin.gif i gt i citys tenant list liao...all new brands to msia.. from metropark less than 8 mins no jam.
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Hi Bro, Mind to share your I city tenant list to enlighten us?

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