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Investment PLAZA ARKADIA @ PARKCITY TOWNCENTER [OT], Vibrant. Shops, Retail, Office and SOHO

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ManutdGiggs
post Jun 13 2017, 01:42 PM

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QUOTE(accetera @ Jun 13 2017, 09:36 AM)
I understand the top floor courtyard office (with roller shutter) has no windows. Am I right?

For the ground floor, the rental is too high for current market, and mezzanine floor full usability (in the minds of tenants) is subjective.
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QUOTE(accetera @ Jun 13 2017, 01:32 PM)
Boss asking got window or not.

Roller shutter for 1st floor as I mentioned.
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Oh ya maybe my England didn't improve. Soli soli. Ur top flr = 1st flr. Appreciate a valuable England lesson.

Thanks

Btw not all ofis units come without windows. Some hav plenty of windows.
A.B.D.
post Jun 13 2017, 02:30 PM

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QUOTE(ManutdGiggs @ Jun 13 2017, 01:42 PM)
Oh ya maybe my England didn't improve. Soli soli. Ur top flr = 1st flr. Appreciate a valuable England lesson.

Thanks

Btw not all ofis units come without windows. Some hav plenty of windows.
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some type of biz they cover all windows so no windows is very good for them brows.gif
ManutdGiggs
post Jun 13 2017, 06:53 PM

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QUOTE(A.B.D. @ Jun 13 2017, 02:30 PM)
some type of biz they cover all windows so no windows is very good for them  brows.gif
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Legal wan oso can run without Windows la. Got few rented liao.
Babizz
post Jun 13 2017, 10:32 PM

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If this is the rental then it's not too bad lah given that vg will be coming in but duno when la. For now just looks deserted.

Think hybrid strata retail is more likely to struggle n will take time to pick up if it ever does.


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4eyes
post Jun 27 2017, 01:16 AM

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At least 2 years of blood letting before we see any progress here
nookie188
post Jun 27 2017, 08:42 AM

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QUOTE(4eyes @ Jun 27 2017, 01:16 AM)
At least 2 years of blood letting before we see any progress here
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2 years ? hopefully will be faster lah..

what is occupancy now? less than 30%? think the developer should do a lot more promo for this place..did they keep any units
for their own use?

362436
post Jun 27 2017, 09:32 AM

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QUOTE(nookie188 @ Jun 27 2017, 08:42 AM)
2 years ? hopefully will be faster lah..

what is occupancy now?  less than 30%? think the developer should do a lot more promo for this place..did they keep any units
for their own use?
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About 5% occupancy. Maybe less if count in soho units
BigMan123
post Jun 27 2017, 10:04 AM

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Some nike/ apparel warehouse sale....saw the banner. Any idea when/
4eyes
post Jun 27 2017, 11:59 PM

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QUOTE(nookie188 @ Jun 27 2017, 08:42 AM)
2 years ? hopefully will be faster lah..

what is occupancy now?  less than 30%? think the developer should do a lot more promo for this place..did they keep any units
for their own use?
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It's a no-brainer that those units without the banners are developer's. My gut feel is about 50%. Occupancy as some have pointed out about 5%. The price appreciation was an illusion. Developer won the battle but not the war.
nookie188
post Jun 28 2017, 08:56 AM

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QUOTE(4eyes @ Jun 27 2017, 11:59 PM)
It's a no-brainer that those units without the banners are developer's. My gut feel is about 50%. Occupancy as some have pointed out about 5%. The price appreciation was an illusion. Developer won the battle but not the war.
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you so pandai wan - no banner = developer laugh.gif

but hor my fren's unit also no put banner because waiting for prices to go up .. laugh.gif cool2.gif

Anyway, at the rate its going, it will be next year before occupancy picks up - the rental is high so not easy
to secure tenants unless owners agree to bleed for a year or two with lower rental to slowly fill it up..
4eyes
post Jun 28 2017, 10:07 AM

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QUOTE(nookie188 @ Jun 28 2017, 08:56 AM)
you so pandai wan -  no banner = developer  laugh.gif

but hor my fren's unit also no put banner  because waiting for prices to go up .. laugh.gif  cool2.gif

Anyway, at the rate its going, it will be next year before occupancy picks up - the rental is high so not easy
to secure tenants unless owners agree to bleed for a year or two with lower rental to slowly fill it up..
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Good lah like that. I'll be happy to be proven wrong. Nobody in this neighbourhood gains from a failed project.

planc
post Jun 28 2017, 12:52 PM

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QUOTE(Babizz @ Jun 13 2017, 09:32 PM)
If this is the rental then it's not too bad lah given that vg will be coming in but duno when la. For now just looks deserted.

Think hybrid strata retail is more likely to struggle n will take time to pick up if it ever does.
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So cheap rental, owner blood bleeding
4eyes
post Jun 28 2017, 10:39 PM

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One agent said the reno costs is high. Surprisingly, for this kind of price aircon piping not given & ventillation ducts not given. Got that so called state-of-the-art vacuum rubbish chute. Aisay, no rubbish, what to suck?

Add the 3 or 4 months deposit, you do the math. No wonder it is empty.

This post has been edited by 4eyes: Jun 28 2017, 10:44 PM
362436
post Jun 28 2017, 11:48 PM

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Rental low, but if the place ong, owner still hv chance to sell at good price. If the place is dying, not only cannot rent at good price, you don't even can sell at all..
4eyes
post Jun 29 2017, 01:49 AM

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QUOTE(362436 @ Jun 28 2017, 11:48 PM)
Rental low, but if the place ong, owner still hv chance to sell at good price. If the place is dying, not only cannot rent at good price, you don't even can sell at all..
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Your low is looking at $6.70psf? Yes, in psf it is way cheaper than waterfront's > rm12psf. But buildup so huge the total amount is huge. Somemore you said it's dying. Sell also susah, 6% GST on RM5mio, who has that cash nowadays?
4eyes
post Jul 10 2017, 11:15 PM

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Eh, janitor Giggs, go tell your boss the fountains need proper tuning & alignment. Water level not aligned. No wonder wind & water half past 6.

This post has been edited by 4eyes: Jul 10 2017, 11:33 PM
ManutdGiggs
post Jul 11 2017, 06:30 AM

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QUOTE(4eyes @ Jul 10 2017, 11:15 PM)
Eh, janitor Giggs, go tell your boss the fountains need proper tuning & alignment. Water level not aligned. No wonder wind & water half past 6.
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Pls call 0362808080 or ask ah tan gor to inform them when they cold call him.

I'm bz cleaning toilet after the lousy marathon 2 days ago. 😠
xyyap
post Jul 11 2017, 10:05 PM

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龙头 is @ Waterfront

Sorry, this arkadia will be quite empty for many years
4eyes
post Jul 11 2017, 11:33 PM

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QUOTE(xyyap @ Jul 11 2017, 10:05 PM)
龙头 is @ Waterfront

Sorry, this arkadia will be quite empty for many years
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What to do? The staff busy doing shit jobs.

DPC Investor
post Jul 27 2017, 12:59 PM

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Received the below information. Just to share with everybody. Not sure how accurate this is though.

Plaza Arcadia Desa Parkcity Updates:

Block A

A-G-3 Village Grocer
A-G-8 F& B
A-G-11 Coffee Bean
A-1-1 Korean Restaurant
A-1-2 Thai Odyssey
A-2-1 Amorshield International
A-2-3 Beauty Life Studio
A-2-3A Lead 8
A-2-5 Wepod
A-2-7 itrademarc
A-3-7 tenanted

Block B

B-G-8 Bar/Western Food
B-G-11 Thai Hou Sek
B-G-12 Optical Shop
B-G-13A Guardian
B-1-7 Holistic Chiropractic & Wellness Centre
B-1-11 Korea Mikwang Beauty Academy
B-1-13 My Little World Preschool
B-2-1 Sun Avenue Group
B-2-9 DB Kenny Construction
B-2-13 Tots World

Block D

D-1-13 Edwin Tan Photography
D-2-2 Fong Shui Ideas
D-2-8 Interior Design
D-2-13 Parkcity Studio
D-3-7 All Design Solution

Block E

E-G-10 Auntie Lee Nyonya Food
E-G-13 Maybank
E-G-13A Maybank
E-1-9 Dancesteps
E-1-10 Gloria Musica
E-1-11 HJ Education
E-1-12 Kinderia
E-1-13A Nakrs May Thai
E-2-5 FE Games
E-2-8 Drew Clinic
E-2-9 ALQVIMIA Beauty Salon
E-2-12 Cryofit Asia

Block F

F-G-2 Harumi Tokyo Cuisine
F-G-6 Steamboat
F-G-11 Yamaha Sonata Music
F-G-13A Impero Laudry x Tux & Blazer
F-G-16 Skinny Pig by UNO
F-1-2 Skin Fave Cosmeceuticals
F-1-12 Radix Clinic - Qualitas Health
F-1-13 tenanted
F-1-13A Love Mosaic Studio
F-2-8 Tuition Centre
F-2-13 occupied
F-2-16 occupied

Block G

G-G-1 Peter Ch'ng Clinic
G-G-3A Beaute Library
G-G-13 Bar & Grill
G-G-15 Pub
G-G-18 Nuts & Boltz
G-1-3A Waltz
G-1-5 Fabulash
G-1-6 Lesley Wardrobe
G-1-7 Luminous Nail Spa
G-1-10 Clinic Terry Lee
G-1-13 Alpro Plus
G-1-18 La Florire Hair Salon
G-2-2 ONYX Express Trading S/B

Block H

H-G-1 S'more Restaurant
H-G-5 Yamachan
H-G-13A Topper Sports
H-2-1 Luxurious Craving PLT
H-2-9 occupied
H-2-16 Wanderclass Yoga

Village Grocer is targeting to open in Plaza Arcadia in September 2017. Maybank is expecting to open in October 2017. Developer with approximately 500 employees will move in to Block C gradually from September 2017.

Developer has started upgrading work to provide better roof shelter for all ground floor shops and connectivity between Block A & G to other blocks. Developer is working on improvising access signage to Plaza Arcadia and better road connectivity to and from Plaza Arcadia from surrounding developments.

Subject to management approval, developer is considering to remove the retractable gate to open up the Highstreet for vehicles and also Valet services.


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