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Investment SELAYANG STAR CITY | POLARIS SUITES | VEGA SUITES, Beauty couture has a new address

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CMW123
post Sep 11 2013, 05:25 PM

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QUOTE(Little Backpacker @ Sep 11 2013, 05:13 PM)
haha.. am browsing Selayang property and see you here again. hihi!!!
speaking from a Selayang resident of over 15 yrs, only Selayang mall is surviving... I won't say it's great but it's ok, still operating but so so only.
Mydin behind Selayang Mall attracted more customers though!
Selayang Capitol, previously Summit is gone (but recently saw some repainting activitiy at the side entrance, unsure what's their next plan though)
It's just not a place for mall as the spending group is not here. More Malays here making Mydin, Warta a better shopping place for them.
Engtex is building another mall beside Hospital Selayang but I doubt it too.
where are you staying? Are you familiar with this area?
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Yes, not biased, but Selayang surrounding population can only support mass market mall and difficult to support higher end mall. Price is a major factor for shoppers around and in fact Selayang is a good place to look for certain bargain products


CMW123
post Nov 5 2013, 10:35 AM

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Wonder how much psf...price must correspond with the local demographics
CMW123
post Jan 12 2014, 10:40 PM

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Such an aggressive project with such high density at that level of pricing for this location

Either the developer did not do realistic market research or he know something I do not, wish them luck...
CMW123
post Jan 12 2014, 11:03 PM

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That Selayang Spring project next to the hot spring last time also had an ambitious plan for a shopping mall, now ended up abandoned project!
CMW123
post Jan 12 2014, 11:09 PM

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Will SP Setia project at Templer Park have any mall or retail complex?

Managing a mall is no easy task...

From Selayang to Templer Park and then is not too far from one of the so called new growth property hotspot, Rawang!
CMW123
post Jan 13 2014, 06:16 PM

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QUOTE(dav668 @ Jan 13 2014, 12:11 PM)
Agree the info is quite limited at the moment since this is just the first preview. Talking to one officer (not the sales executive) knowing they are quite committed looking for the partners to get into the mall. The unit facilities are quite standard. Price from 360k to 400k+.

Yes, Holiday Villa is confirmed in. AEON will be Maxvalue, pacific mall [U]will be in. In the discussion is bowling center, and GSC. Probably the retailers will consider the place due to the HV which may bring in some crowd apart from Selayang locals. The rest will be those fast food chain restaurants, e-service banking, clothes, telco etc...

My opinion is once all these confirmed, the price will definitely increase. Probably this can be seen during official launching. Confident level to such a project is 50-50 at this moment. Saw quite a lot of booking during this preview.

Many projects ard selayang area is shop-house+ condo and pure condo basis. Selayang mall and capitol are mall-basis. Star City could be a bit different. Let's see. The developer introduced similar concept at PJ and it has been fully sold off.
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Hi, what is pacific mall?

What is the similar concept project in PJ by this developer?
CMW123
post Jan 15 2014, 05:15 PM

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QUOTE(dav668 @ Jan 15 2014, 05:11 PM)
The development in Selayang is a bit less compare to other areas. To the north there are more hill area compare to southern part of Selangor. However, the growth of population and value in property in Selayang or Selangor North is at positive side.

Just get to know also the MRT Line 2 will include Selayang in plan. There would be at least one station in Selayang as the MRT corp estimated huge population from this area. Due to the MY gov's culture, probably we may not see the expected station by 2020 but it is just time matter. No one can confirm the location of Selayang MRT station however it is very close to Star City in proposal as the area is located in between Selayang Jaya/Utama/Intan Baiduri and Baru/MPS/Hospital Selayang.

Talking about the Selayang property and Star City, there are few condos newly built in this area lately. Not forgotten the Emerald 2 which is main competitor of Star City. However, E2's concept is street-mall. It is common to see Rm600k+ condo in Selayang nowadays. The landed second-hand property eg terrace house is priced in the range of 600k to 1.2m. With many developers slowing down the pace for launching new condo due to BN policy and coming GST, it did cool down market for a short while. Once this buffering period is over, the investor and buyer will go on hunting the property. Major cause is due to the growing number of population aged 30-40 yrs old who need to own house in these years. Comparing to other developing countries nearby, there are still room for the property value of MY to grow.

SC offers relatively smaller unit with denser population. This is against those who have get use to condo unit with 1000 to 1200sqf. in addition, the management fee of 0.35-0.40 is at a bit high side with commercial status in title. However, some people manage to convert the utility under schedule H. I am not too sure if it is really feasible. 624sqf is preferred unit and based on the layout, 2 bedrooms can be ideally set up. The mall will start to operate end of 2015, hotel will be opened 2016/17. We can say the developer leaves one block for later development as "testing water" or it can be defined as "making larger profit" if things go expected at that area. Not forgotten also the EcoSky in Jalan Ipoh also left one block of area for future launching. We cant justify the confident level based on such plan.
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Are you SA, agent or purchaser?
CMW123
post Jan 15 2014, 10:21 PM

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QUOTE(Calculator2013 @ Jan 15 2014, 08:14 PM)
If not mistaken, it is not Holiday Inn. The name is Holiday Villa. smile.gif
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Same as the one in subang jaya?
CMW123
post Jan 16 2014, 12:39 PM

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QUOTE(Calculator2013 @ Jan 16 2014, 09:55 AM)
sign0006.gif
Just an update from my friend.
He almost booked a unit in Selayang Springs. Lucky for him.
He still keep track of the progress of that project, so he knows abit.
According to him, not the developer cabut. It is the Main Con who has cabut!!
This Main Con was invited to take over some other lousy contractor last time.
In the end, they also cabut.  shocking.gif

And if not mistaken, the drawdown for Selayang Springs is almost at 50%.
So, like it or not, purchasers are paying RM300++ each month for the interest of loan (not yet even paying principal).
Really pity Selayang Springs purchasers. Hopefully some other contractor can take over the job and finish it. sweat.gif
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Strange, after contractors (main con and sub-con) complete their work and certified by architect then only the developer pay the main con. At the same time, the developer will notify the bank to release loan based on the progress billing. If the main con cabut, the developer just have to re-tender and award to the main con to complete the job, at worst would be higher cost rather than total abandon...

If Selayang Spring is under HDA, better still as the 50% collection after paying for the contractor claims are protected inside the HDA bank account. Unless the developer cannot service the bank loan and bank take action against developer

So which is which ar...?


CMW123
post Jan 16 2014, 12:41 PM

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QUOTE(tengster @ Jan 16 2014, 11:00 AM)
Even if they come, it will be very small operation that may have little impact... Giant could be more suitable candidate....since Aeon nowadays prefer to build their own premise like BBT, metro prima, etc...

Really pity Selayang Spring buyers. Building up to almost roof. Painting done halfway liao....
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Under Aeon Maxvalue, is it? Then it's possible. So far, only seen one Maxvalue at Damansara Damai...

Now Aeon already got Aeon Big after taking over Carrefour...
CMW123
post Jan 18 2014, 03:45 PM

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What is the track record of the developer?
CMW123
post Jan 18 2014, 06:56 PM

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QUOTE(accetera @ Jan 18 2014, 06:02 PM)
2,775 units.

Many commenters should read the entire thread.
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Holy Cow, they are trying to reproduce their high density Centerstage project with many many shoe boxes with some view being the windows of the opposite unit. Throw in Best Western vs Holiday Villa...

But looking at the quality of Centerstage current structure, much more is desired!

Boss, why the high interest in selayang project?



CMW123
post Jan 18 2014, 09:30 PM

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QUOTE(Calculator2013 @ Jan 18 2014, 07:28 PM)
+1
Agree. Location wise, surrounded by factories and low cost flat. Sorry for being rude here.
As of today, total four blocks, which they are launching two blocks now. Maybe test market first. The two blocks are now 10% sold, not that optimistic. sad.gif
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Initially my gut feel tell me, this concept may be quite well received by selayang people who may be deprived of such so called grand project in their locality and imagine it becomes the local talking point and selayang lang all feel proud to own a piece of it...

It's like the best of the best in a pool of average versus only being among one of the best in a pool with many many best...

Maybe the developer should launch the first block with a bang at a price that is irresistible and up the price along the way Or start with slightly bigger size (may be selayang people still find it hard to overcome the bite size unit mentality) and then maintain the selling price for future blocks but reduce the unit size along the way...it's the final profit that matters but with 4 blocks and first 2 blocks slow to move is quite jialat...

CMW123
post Apr 9 2014, 10:00 PM

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QUOTE(accetera @ Apr 9 2014, 09:48 PM)
Why Selayang Springs suddenly abandoned?
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Boss,

http://www.nst.com.my/streets/central/cond...nswers-1.323811

In the original master, there was even a shopping mall
CMW123
post Jul 13 2014, 03:51 PM

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Over ambitious project with wrong concept which is a mismatch with the location

Maybe Centerstage in PJ at least can fit in better. If they try to replicate Centerstage here sure tak boleh jadi

 

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