QUOTE(MrHunter @ Feb 4 2013, 01:45 PM)
The blog
www.tcsspropertycafe.com
cover extensivelyabout this project which worth to take a look if one not familiar with the location n project. Good review there.
Pricing is the key as you can see the surrounding shoplots are quite unsightful. Also whether developer can make retail lots down there wong is catalyst. Others factors were mentioned in the blog. For me if they can make retail lots there wong like scott garden okr then it ll be great. So developer should do more work now to secure key tenant b4 it launches. Or else they ll b having tough time to answer the buyers.
Agree. It is all down to the price at the bottomline. With its current surrounding.. it will be quite challenging to transform Shamelin Star retails flying.www.tcsspropertycafe.com
cover extensivelyabout this project which worth to take a look if one not familiar with the location n project. Good review there.
Pricing is the key as you can see the surrounding shoplots are quite unsightful. Also whether developer can make retail lots down there wong is catalyst. Others factors were mentioned in the blog. For me if they can make retail lots there wong like scott garden okr then it ll be great. So developer should do more work now to secure key tenant b4 it launches. Or else they ll b having tough time to answer the buyers.
Come on.. how many of you actually go to this place to buy stuff?
That will another risk also if the retails ended up all with those funni chapalang business.. or vacant lots.. indirectly it will have effect on the project as one.
Given the location itself is good but bear in mind this developer is a first timer. Mostly whether one project will fly or not also need a very good execution plan and also management after VPed.. not only considering location and product itself for long term apprecation. What the company needs now most is not the high price but the reputation , service, and quality to build their own followers and to prove they are sincere and not one time business thingy if they want to grow in this industry.
Current all big developers now also started from small and used to be first timer as well.. it is whether they able to surive long enough to prove themselves or not.
One of the good example is Trinity group (not talam) on how they build their reputation and followers...
If Shamelin Star pricing themselves higher than 500psf.. i want to see how is the market respond on this...