Don't think the controversy is one of the main reasons why it isn't selling fast. Based on a few of the comments before the election, this project is being sold at more than RM 800psf with no rebates whatsoever. Hence the slow take-up rate.

Pretty daring for this developer and it looks like they're targeting higher-income buyers, both local and foreign.

This post has been edited by DesRed: Jun 21 2018, 11:01 PM

The sales staff stationed there mentioned that the tentative price is between RM 800psf - RM 850psf for SV2, but have to wait for the actual launch around the end of this month or early next month for the actual pricing and more details plus actual show units.

They should also offer some rebates to improve the sales. From that sales chart above, it seems like there are a lot of own-stayers as a lot of Type 7 units are snapped up, save for the few on the lower floors. The rest aren't doing too well.

Probably is just to illicit some attention by intentionally writing the on board in that manner.

Not something to kick up a fuss on since its just the ID in the show unit.

Maybe waiting for more foreign buyers, especially China ones, to absorb them?

I always thought that service residences can be linked to a mall or another commercial property but not a residential project?

Since this is a residential project, wouldn't it be better to just build a covered walkway towards the Cochrane MRT station? I'm sure it will benefit both this project and its upcoming Phase 2.

And frankly, I'm surprised that they're still sticking to their current status quo, unless they're in no hurry to sell this project or hoping that more foreign buyers will buy their units...

This is one of the videos for One Cochrane
https://www.youtube.com/watch?v=CTALukMZIxA

Go to 1:18 in the above video. It's labelled as Phase 2.

This post has been edited by DesRed: Jul 24 2019, 11:05 PM

Wonder how's the sales performance now.

Last time I paid a visit early last year when the new package was announced, I only see the largest units from the mid to high are booked/sold. The rest are still available...

After so long and the building is about to reach the last floor soon?

That FR guy must've swooped in as their white knight to purchase a bunch of units. No wonder the sales team weren't in a hurry to provide more rebates outside of their RM 10k + RM 10k rebates early last year.

Last time I checked, there were only 7-8 units booked when I was there early last year. Those that were booked were only the 1,227sf types. The rest are still available.

Not surprised if they provided more rebates...

Don't recall this project ever engaging 3rd party SAs, so best to wait until the MCO is lifted and pay a visit to its sales gallery to get the latest package info.

Not sure how Boustead sell their previous projects in Mutiara Damansara, tbh, but the sales staff I spoke to in my last visit at that time informed me that none of their projects there was ever given any rebates during their launch. You'll have to pay the full D/P balance. SPA and loan legal fees are covered by them, though.

Why would that be the JMB's (or the management's) concern, especially when you've notified them beforehand?

What renovation you did in your unit is your own business. If your renovation affected the neighbours next, above and/or below you and your tenants happen to be a-holes by being inconsiderate, then yes, it will be highlighted to the management and JMB to take action against you.

I'm aware of that, and I also meant to say if the management approves it after going through your unit floor plan, how can that be deemed as illegal? If let's say I turn my living room into another bedroom, is that illegal even though it doesn't involve hacking beam walls?

Own staying residents can also be a-holes, FYI. Between an a-hole and an anti-social one (tenant/owner or otherwise), I'd rather pick the latter.

This post has been edited by DesRed: Apr 24 2020, 01:55 PM

In any recently completed project, there will be all sorts of people living there, but after 2 years of more, when a number of those investors flipped/sold their units or ended up in auction and purchased by more stable investors/owners, the quality of the residents will improve.

No advertisement of One Cochrane ever mentioned 'walking distance' to TRX. If you really want 'walking distance' to TRX, might as well look at TRX Residences or any residential projects within the TRX masterplan itself.

Fair enough.

But Boustead isn't one of those shifty developers. They did, after all, develop Mutiara Damansara to where it is today which includes IKEA Damansara, IPC, The Curve, Reflection Residences and Mutiara Homes in that township.

As for its pricing, I'd let history dictate its sales performance than to debate on whether it's worth it or not. So far, it's poor sales is already a clear indication on this and the measures taken by Boustead to boost it via bulk and foreign purchasers as mentioned previously. If one feels that this project is not worth it, they can move on to other projects they find is more worthwhile.

That triangle-shaped land next to the MRT Cochrane station is currently operating as a carpark, while the rectangular one across the road has been hoarded up for some time dy. Not sure which plot of land Boustead plan to sell as all they said was a parcel of land located at the intersection of Jalan Cochrane and Jalan Shelley in Kuala Lumpur, opposite MyTOWN where zack.gap highlighted in a few posts above mine.

If you meant prior to this year's sales package, it's performance is quite sad. I remember seeing 6-7 of the largest unit taken up, but the rest of the chart is completely devoid of stickers.

It's as if either Boustead isn't in a hurry to sell the units in this project or they have something else planned for it. Glad to hear that there's some movement after so long and about to be topped off soon.

This post has been edited by DesRed: May 25 2020, 10:31 PM

Must be FR's group bulk purchase which made up the majority of those units.

Initially, I thought that they might follow Datum Jelatek's direction where some GLC will buy half (or more) of the project's units for a Rent-To-Own scheme (link), but maybe Boustead's management went through with FR's proposal instead.

Depends on what units that group bought. If none among them bought the 1,227sf units, then there's not much to compare as the last time I checked prior to this, only 7 units were booked and all of them are those units.

That's quite some time ago and someone else dy highlighted this in another thread.

Truth is, Parkson is going into consolidation mode as mentioned in edgeprop's article 'UPDATE: Parkson to quit MyTOWN Shopping Centre in February 2020'. Excerpt below:


This post has been edited by DesRed: May 29 2020, 05:18 PM