That's why I wonder if LBS bought it for what, if they have no plans to shape it up.

yes. hard to revive. guess the spending power is not there combo with poor tenant mix.
unless they can turn it to something special for crowd pulling purpose (eg 3d art, theme park concept, special theme floor, special theme toilet, artistic or futuristic design etc).
otherwise hard to see how to turn things around..

RIP

Just visited. Nope. Mr DIY doing good over there at the moment. Not moving out.

thanks for the info

Visited this small mall again. More shops closed down now. At ground floor.
If upstair no need see. Should be even worse.

Ayam Penyet closed.
Big Apple got stall in front of The Store also closed.
The handphone accessories big shop also closed now.
Money changer closed.
Georgetown white coffee located at the main entrance closed like a year already but no one willing to take over that lot.

Expecting this M3 Mall to be wiped out once nearby Quarza Mall open this year. RIP.

It is not easy to make a successful mall out of such target consumers which have low purchasing power. To me, it's quite naive to even come out with such idea. It's a "design" fault.

This post has been edited by puchongite: Jan 23 2019, 08:38 PM

Both units already drop price further 2 rounds.
It is good price to enter now.
Very good rental demand from subletter / local college / middle eastern family here.
New price as below:


B-21-7, M3 Residency Medan Mega Melati
Reserve price 🔥🔥RM316,000🔥🔥
925 sqft, 1 car park
Highest floor unit facing inside (swimming pool)
Leasehold until 2111
Auction: 26-Feb-2019 (Tue)
*BUMI lot
*Occupy unit





B-15-5, M3 Residency Medan Mega Melati
Reserve price 🔥🔥RM381,000🔥🔥
1092 sqft, 1 car park
Mid level floor facing inside (swimming pool)
Leasehold until 2111
Auction: 26-Feb-2019 (Tue)
*BUMI lot
*Vacant brand new unit

Boat noodles closed.
The Store department store closed, only left the supermarket at ground floor operating.

Anyway, this hopefully able to bring up the mall occupancy:

Cheap lelong unit available once again.
Brand new condition. High floor facing facility view.
Market value 450k.

Good layout. 3 bathrooms. 2 rooms with own ensuite bathroom.
Only 200 meter to LRT Taman Melati station.
Malay dominant area. Good for own stay or investment.

B-20-5, M3 Residency Medan Mega Melati
Reserve price 🔥🔥RM364,500🔥🔥
1092 sqft, 1 car park
Leasehold until 2111
Auction: after raya mid/end of Jun 19
*BUMI lot
*Vacant brand new unit



This post has been edited by AskarPerang: May 28 2019, 03:05 PM

For info, maintenance fees here just increased from 0.22 per sqft to 0.27 per sqft. (exclude 10% as sinking fund)
Developer winding up. Not sure any liquidator taking over or not.
Swimming pool also already out of service for almost 1 year.

omg this is too bad. cos of the mall not runnig well?
btw hows the occupancy rate?
\

Occupancy rate is high. Many arabs staying here and they like this area.
Willing to pay high rental of course compare to local tenants.

sometimes too many foreigner will also strain the rental for quiet a bit. Have some bitter experience with this tenant type though
quarza mall opening end of the year then m3 mall will really gg

Hi all, the oxidation pond still there? Or its already covered up?

No longer there. Covered.

Mantap.

Developer already bankruptcy..
Strata tittle macam mana?
Buyers up car?

#BeritaAsalGombak
KES POSITIF COVID-19 M3 RESIDENCY

Terbaru, terdapat satu kes positif Covid-19 di M3 Residency iaitu kediaman di atas M3 Mall Taman Melati. Pesakit telah pun diberi rawatan di hospital berhampiran.

Untuk keselamatan, kerja-kerja sanitasi awam akan dilakukan di kawasan parking, lif dan tangga.


https://www.facebook.com/AsalGombak/photos/...5444666/?type=3

Strata title confirm sure stuck.
Last transaction sale over here 1 year ago in Apr 2019.
No owner able to sell the unit thereafter until today coz no liquidator taking over at the moment.