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> PAVILION HILLTOP MONT'KIARA [OWNERS' THREAD], Pavilion is coming to Mont Kiara Investment

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hunterlim
post Apr 3 2013, 11:06 PM

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Desmond Lim is smart in branding, over the years he carefully crafting Pavilion brand, by leveraging itself with super luxury brand like LV, Hermes via his retail section, in property section he is leveraging on the brand like Banyan Tree where 2 to 3K psf residence were fully sold, next, Pavillion is going to link itself with Harrods Hotel the first 7 stars and first Harrod's Hotel in the world, I will not be surprised if the price start at 5k psf. Pavilion brand is synonym with Luxury brand and is ready to go by its own so moving forward distant future they are going to launch Pavilion Couture Suites that will sell at at 3 k psf. It is safe to say Pavilion brand units nodemand at least 3k psf do you think Pavilion Mont Kiara will be sold below Sunrise price? In matter of fact price is very likely to touch more than 1k psf for smaller unit once the show unit and official launch begins.
hunterlim
post Apr 4 2013, 08:01 AM

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Well Angela , the land plot actually belongs to Malton Bhd which is controlled by Desmond Lim... hopefully that explains it

On your second questions: Sunrise would very much like to charge higher price for their condo but they know Sunrise brand lack the X-factor which is the super luxury consumer/investor perception on thier brand. You can see that their mall in MK lack of Super Luxury brand like Hermes and LV,, this is because Sunrise brands lack the pull-in factor for super luxury items... this is what whole Mont Kiara is lacking now, living is a posh area like Mont Kiara just doesn't make sense that the mall lack of luxury items.

This is "shortcomings" of Mont Kiara mall. Sunrise know this that is why they pull in Foster & Partner for their Acoris apartment, but still reputable Foster Norman is architecture firm and having the building built by Foster is not enough to pull in the super luxury items. Sunrise got a lot of homework to do on this if they want to bring their property value up.

On the other hand Pavilion is the master of this craft, they are the champion in Malaysia of bringing the super Luxury Brands under one roof and this is the X-factor that Mont Kiara is looking for…. The Pavilion Hilltop is only for residence but depending on the response from the market Pavilion may expand their wings in Mont Kiara… my wish list is that they take over the Solaris Mont Kiara or Plaza Mont Kiara and re-renovated and bring in the super luxury brand (like they did for Farenheit 88) , this is the X-factor for Mont Kiara and I will not be surprised that Mont Kiara price will the the roof.

hunterlim
post Apr 4 2013, 09:08 AM

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tat3179...no to flaunt or anything but stake make my case.. I am multiple owner of Mk and all my units are rented out within 1 to 2 months, perhaps it's the size and development i choose, compare to other development outisde Mont Kiara, many suburbs area is asking close to MK price and personally I like mont Kiara very much because I rcv a higher rental yield with quality tenants and if the market crashed I can still move my extended family to stay here, I think the place is second to none in Malaysia. The only problem for me now is seeing other places rise in price, being such a nice place MK suppose to break 1K psf long time ago, as an investor , i could not help but try to find the reason why, perhaps MK is like Malaysia falling into "middle income trap" while watching all its neighbours catching up, so the only thing I think is missing is moving up the value chain by going for "super luxury" developments which is lacking in this area with this it will unlock the real value of mont kiara. Perhaps by Pavilion is the answer we are seekimg for.
hunterlim
post Apr 4 2013, 09:56 AM

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Angela.. roping in super luxury brand or even a luxury brand is not easy, ask One Mont Kiara mall, even Li Kashing's name could not rope in 1 luxury brand in that mall, it is a delicate task, LV and Hermes will not just come in like that, need a lot of persuasion, most mall need to beg them to come in with lots of perks , Pavilion has done that very well, there are more than 300 brands in the waiting list try go into Pavilion mall. One more thing that Desmond is very close to the Qatar Group he can easily rope in luxury brand like Harrods to MK if he wants and with his REIT listing, Pavilion need to look for next growth factor other than the traditoonal golden traingle area to satisfied the investor appetite for thier REIT so underperforming MK malls could be a good target.
hunterlim
post Apr 4 2013, 10:17 AM

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Audio nutter..........I beg to differ , talking about road congestion, look at Pavillion KL and golden triangle what can be worse than that...also try to find a parking spot another problem but people are flocking there like bees biggrin.gif


hunterlim
post Apr 4 2013, 10:28 AM

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QUOTE(zuiko407 @ Apr 4 2013, 10:18 AM)
The main reason price hardly going up in mont kiara is bcos the area still keep on developing, more and more coming launch before the existing units been digest, unlike bangsar, price sustainable at 1k psf
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I agree to some extent , but by developing the new place this is how price can go up more unless there is no new development price and they could only depend on resale market, having said that demand and supply play a big factor as well.

MK is already a mature area very much like bangsar , there must be a reason why Mont Kiara price did not go up, talking about over supply, KL triangle area is having the same problem but price is going up now beyond 3k psf... the answer is very possibly the Luxury factor.... and this is the appetite of HNWI, to some extend we could not understand.
hunterlim
post Apr 4 2013, 10:56 AM

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QUOTE(zuiko407 @ Apr 4 2013, 10:33 AM)
I have to agree on this, pavillion KL is in city centre and in a very strategic location, I don't think residence of mont Kiara need more shopping mall, this area used to be a greenery, quiet and peaceful for residential, As a residence here, i think the existing commercial like one mont, MK plaza, Solaris MK and publika is more than enough, don't forget the coming arcoris and 163, traffic will be very bad at Jln Kiara.
Duta land and coming pavillion area supposed to build super link to avoid the congestion and develop a better living environment, but developers more concern about their profit margin
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Agree that MK cannot keep on building mix development or mall anymore, the traffic here will be pretty bad, what MK need now is a boutique luxury mall that cater to the affluent people staying around Mk and also surroundings.. so that is why i suggest that it should go for the existing underperforming mall and bring up the value where it suppose to be.
hunterlim
post Apr 4 2013, 11:02 AM

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QUOTE(majid @ Apr 4 2013, 10:52 AM)
Pls forgive ny ignorance, but is pavillion under malton just like Lexus is Toyota's luxury brand, or are they more like sister companies I.e. same level belonging to the same owner? If pavillion is under malton, wouldnt it enhance the value of malton's brand, but also could risk downgrading pavillion's brand?
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Pavillion is not under malton brand but the companies has the same boss, Desmond will not be silly enough to park pavilion under malton it will kill pavilion brand... in fact Malton is the contractor for Pavilion, I would think they will use malton for Pavilion Hilltop, looking at the quality of Pavilion I think it's superb finishing.. I still remember I was blown away by Pavilion's quality finishing when I first visited. smile.gif
hunterlim
post Apr 5 2013, 06:22 PM

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QUOTE(seanooi880327 @ Apr 5 2013, 05:57 PM)
One MK also not enough tenants to support
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Living here in Mk for so long never step a foot into 1MK , this itself already tell you the "pull factor" is lacking for most of the MK malls.... I believe there are many more people like me in MK... that is why the mall in MK is underperforming..
hunterlim
post Apr 5 2013, 08:42 PM

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QUOTE(AppreciativeMan @ Apr 5 2013, 07:24 PM)
NOOOOOOOOOO...... Never allow those hyper market into MK.... The comfort and cozy feel or the environment will be gone if those hyper market gonna be in MK....
Anyway, I think Sunrise will be power enough to stop that....  tongue.gif
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Kind of sick of the hypermarket brand (Tesco, Jesco, Carefour, Giant) offering the same ambience and environment... creating traffic that MK just cannot cope, MK should go for smaller high-end niche Grocer like the follwing:

Longos Supermarket in Toronto
Ole Supermarket in Shanghai
Market Place in Singapore
Bon Marche in Paris

Bangsar kind of get it with Grocer's village but it has to be better and more high end..Cold Storage just dont cut it....
hunterlim
post Apr 5 2013, 08:50 PM

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QUOTE(hunterlim @ Apr 5 2013, 08:42 PM)
Kind of sick of the hypermarket brand (Tesco, Jesco, Carefour, Giant) offering the same ambience and environment... creating traffic that MK just cannot cope, MK should go for smaller high-end niche Grocer like the follwing:

Longos Supermarket in Toronto
Ole Supermarket in Shanghai
Market Place in Singapore
Bon Marche in Paris

Bangsar kind of get it with Grocer's village but it has to be better and more high end..Cold Storage just dont cut it....
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Hypermarket like Tescos and gangs can settle at next to Mont Kiara plot called Kenny Heights where they got tens of hectres of undeveloped land and will not create heavy traffic
hunterlim
post Apr 5 2013, 09:06 PM

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QUOTE(doomdoom @ Apr 5 2013, 08:49 PM)
Mk oledy full with this kind of high class grocery... Big market at solaris, plaza damas and 1 mont kiara as well...
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You answer my question, BIG market and plaza damas not in MK ...no wonder Solaris Dutams doing better than Solaris MK... we need something like that here in Solaris MK. as for Grocer's Village never been to One Mk so I am not sure but as I say Grocer's Village dont cut it.. the ambience not there... looking for something that can relax me while I do my shopping with family after a whole day work.... MK has to keep inventing to become the leader of lifestyle-living which many other township is catching up ..
hunterlim
post Apr 9 2013, 09:44 AM

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QUOTE(B.Angela @ Apr 9 2013, 09:23 AM)
The property that touched 700 psf is called Verdana @ Segambut aka North Kiara... chekc it out urself

http://www.propertyguru.com.my/property-li...or-sale-1821497

tongue.gif  tongue.gif  tongue.gif
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Compare Segambut Verdana's 700 psf to other suburb townships that is touching the 700 psf already, actually make sense for North Kiara to command that price because at least it is close to affluent area like Mont Kiara but compare those with Mont Kiara really make me dumbfounded, nonetheless the investor now in Mont Kiara is liking to buying Mercedez Benz S350 at a Toyota Camry price...
hunterlim
post Apr 9 2013, 12:02 PM

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QUOTE(Lcsx @ Apr 9 2013, 11:45 AM)
I would suggest Verve Suites if you guys wanna go for small Luxury. About 850psf to 900psf for the 600sf to 860sf sizes.

Beautiful and extremely happening place.
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Honestly I like Verve Suites ID and design for its facility.... very keng.......the down side about verve suites is the interior design of the units that come fully furnished that can easily fetch >1,000 psf for smaller unit... i dont want to say more about the interior design ...scare will offend many people.... blush.gif
hunterlim
post Apr 9 2013, 12:11 PM

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QUOTE(jerry88 @ Apr 9 2013, 11:26 AM)
Why do you think it is much higher status than arcoris?
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Perhaps it's the perception of many ladies , especially those who are brand-concious like Ms. Angela here, it's hard to explain but perhaps it's the brand equity, Pavilion is perceived to being slightly premiun than Sunrise brand at least in My mind and in Ms. Angela, there is no right or wrong here you may argue until the cows come home....

Second is the location of the development, a property on higher ground is generally precieved (again perception)as more exclusive due to the view it will command, away from bustling and hustling and that is why also higher unit fetch higher price same goes to when a property is located at higher ground especially in a high class area ... generally speaking....
hunterlim
post Apr 9 2013, 12:27 PM

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On the issue on ML and segambut , 4 years ago an article written in the Edge property called Tale of Two enclaves summed up the contrast Segambut and Mont Kiara preety nicely, agreed that MK was part of Segambut and as I mentioned in my earlier post, situated in higher ground in Segambut set MK apart from Segambut, MR. Tong saw it and has a good vision on that, and but generally the similarity end there, there are many different between Segambut and MK:

1. Segambut has so many existing setllers especially squatters that has been there for generations, it is hard to ask them to move.MK was a plain rubber plantation so no issues on squatters, clean and flat. Why this is importnat, imagine if you paying a 700 psf lusury condominium and walking out from your compund are all the squatter or kampung who were there for generations and with the price of sondo going up sky high make them almost impossible to leave, a luxury living is not just what is offer in the unit but the surroundings. Just my humble opinion.

2. Segambut area is not very well planned again due to the existing road while Mont Kiara was planned from scratch.


hunterlim
post Apr 9 2013, 01:00 PM

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QUOTE(hunterlim @ Apr 9 2013, 12:27 PM)
On the issue on ML and segambut , 4 years ago an article written in the Edge property called Tale of Two enclaves summed up the contrast Segambut and Mont Kiara preety nicely,  agreed that MK was part of Segambut and as I mentioned in my earlier post, situated in higher ground in Segambut set MK apart from Segambut, MR. Tong saw it and has a good vision on that, and but generally the similarity end there, there are many different between Segambut and MK:

1. Segambut has so many existing setllers especially squatters that has been there for generations, it is hard to ask them to move.MK was a plain rubber plantation so no issues on squatters, clean and flat. Why this is importnat, imagine if you paying a 700 psf lusury condominium and walking out from your compund are all the squatter or kampung who were there for generations and with the price of sondo going up sky high make them almost impossible to leave, a luxury living is not just what is offer in the unit but the surroundings. Just my humble opinion.

2. Segambut area is not very well planned again due to the existing road while Mont Kiara was planned from scratch.
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Furthermore to my observation on MK, as an investor, property bubbles is always at the back of my mind, but investing in Mont Kiara clam my unsettled mind due to the following reasons:


1. Mont Kiara price has moved very little since the US subprime crises that effect the worlds's economy and even malaysian property price were effected, judging from this, I can say that if property price in Malaysia or in other europe /USA economy were to go bust, there is not much room for MK price to go down and being stagnant for so long is already close to the worse-case scenerio price, but unlike other property in Klang Valley that has went up 2 to 3 times is very likely to come back to 200 to 300 psf, or even KLCC may see a big fluctutation like it always do when crisis hit, a big risk there.

2. Mont Kiara generally offer quality tenants and apart from them able to pay higher premium, they are also generally better at taking care of the property unlike many development offer to students near University which has a habit of sub-renting out the property, I could not imagine how my property would look like once they moved out.

3. Investors in Mont Kiara generally had better holding power compare to other township and this will help to limit the property price when it pops.

4. MK is already proven to be a sucessful and mature township and I dont have obsrobe the risk-factor that it will or not become a sucessful township like many of Sime Darby /SP Setia/UEM-Iskandar new township project.

5. The ambience of living is superb for living and I can always stay there myself if the investment went busts.

Hope this help and I dont charge for this consultation.. wink.gif
hunterlim
post Apr 9 2013, 01:35 PM

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Pavilion Vs Sunrise = Elegant vs Arrogant

rclxms.gif rclxms.gif rclxms.gif
hunterlim
post Apr 9 2013, 01:44 PM

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QUOTE(Rusby @ Apr 9 2013, 01:39 PM)
So, which one is a better buy? Pavilion MK or Arcoris Residences? Heard from Sunrise they are in discussion with Hilton to manage their boutique hotel in Arcoris. What's the land size for Pavilion MK?
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If Hilton really comes in to MK is actually good for whole MK, then this will mean that Sunrise /UEM finally know how to play the game......and play it well
hunterlim
post Apr 9 2013, 04:48 PM

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QUOTE(B.Angela @ Apr 9 2013, 03:01 PM)
Services offered:

1. Personal limousine reservations (On demand)
2. Housekeeping and laundry service  (On demand)
3. Travelling and entertainment arrangements (On demand)
4. Chauffer driven servoce
5. Security escort service
6. Buggy service (probably due to the long road of wineyard like entrance)
7. High-class restaurant

Practically almost all the serviced offered by their Bayan-Tree Signatures Residence
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I am surprised by the services offered and all that come with only 900 psf price range? the price should be more like 1,500 psf. Knowing Desmond and wife, they are perectionist and they are into every bit of details that is why they could work together with another perfectionist couple: Mr. and Mrs Ho from Banyan Tree and developed Banyan Tree singature suites, I think it would be a good investment for those who go for investment and for those who look for own stay is even better, I think the place would provide the highest standard of living for Mont Kiara..

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