They are still trying to appeal. See what happens under rule of law if “uncompetitive” business practices are being greatly discouraged. Interesting to see a local council get taken down a peg or two.

DBKL was implicated in the Mira case. That specific culture was endemic everywhere. Land sales and development approval is big business for them.

Changing this culture is a big part of the new government’s work.

For investment or own stay? No one but a SA will blindly endorse any project. It ticks a lot of boxes for sure but be wary of the supply vs demand equation.

Is it truly the best use for your capital or loan quota? Only you can answer that. Regardless, any property purchased now will need to be kept for a long time to turn any meaningful gain.

The numbers just do not make sense nowadays so if it’s a pure investment then think carefully on my above point.

On the sell side, I would influence this way but since I have no skin in the game be truthful.

It’s always great to be able to argue on both sides of the equation - that’s what makes a genuine salesperson.

This post has been edited by Cavatzu: Dec 25 2022, 11:38 AM

This is definitely a better tourist oriented site than where TRX is.

Isn’t 118 the connecting point to activate these old historic areas? It makes it possible to stay in the area for a longer period of time in comfort rather than just trying to traverse Chinatown for a few hours.

It’s definitely walkable to places of interest but as to how pedestrian friendly is another and Malaysia is not good at this. The immediate building site though should be very well done.

This post has been edited by Cavatzu: Jan 2 2023, 05:06 AM

It boils down to how it’s marketed. Being the tallest tower in Asia does a lot of the heavy lifting. Tourism propaganda just needs to include this. The 2 climbers have done a lot TBH.

This one and Lalaport will cannibalise each other. Don’t even think Lalaport is completely filled yet after a year of launching.

They have to be creative and shift to an experiential model rather than a collection of shops.

Watching the presentation for 118 mall, there are some clever ideas like promoting Malaysian arts and crafts. If they can make it an atas Central Market, could work well. Don’t know if anyone will buy anything but the idea is there.

Got market now for daredevils and people who want IG bragging rights.

PNB can make a lot of money out of selling people the ability to climb up the spire.

Yea 118 and Lalaport will cannibalise each other. But how to compare to Putra Mall that’s dated and tacky.

There’s a lot of local millennials and young expats that do enjoy this part of town though. The local character here hasn’t been quite replicated in other parts of KL.

As long as each mall can carve out their own unique identity and appeal to their target crowds then they sort of can unprofitably co exist. Malls are a tool to sell units nowadays and vice versa to convince retailers to set up shop.

This post has been edited by Cavatzu: Jan 15 2023, 04:30 AM

Yea I’d been saying this is a prime spot for KL Sentral overflow with a moderately lower price tag and better cheap eats.

They are not the main attraction but 118 activates the Stadium Merdeka area which is close proximity to a lot of old historical buildings. The claim to be the tallest tower in Asia will draw people. TRX is just a vacant office tower.

KLCC has lost its lustre. It attracts a specific crowd as there’s no Babi in the vicinity and it’s not a good drinking hole. I’d like 118 and it’s surrounds to be the haram counterpart.

This post has been edited by Cavatzu: Jan 16 2023, 06:20 PM

I imagine it would be if they’re using modern led tech. Can do so many more colours and custom art work/messages etc.

There’s already rooftop speakeasy’s along Petaling Street area. I’d like to see the abandoned shops along Maharajalela get converted or used in a clever way. I think people are all holding out on the building being completed.

https://edition.cnn.com/style/amp/new-build...2023/index.html

More spotlight on 118. Makings of an Airbnb market here. Does Sunway allow?

Wasn’t sure what their blanket policy is. They are a bit more conservative after all. I think when it’s “serviced apartment” they will allow but so could be wrong.

Pure residential units.