Result of Ikea and Boustead working together to earn our money

Got ballot for condo ar...8 kinrara, Damansara Foresta, TTDI Ascencia...

Just wondering...for Mutiara Damansara made sense becoz surrounded by high income earners

This area has big potential but may take longer time to go upmarket...

Boss, but even at that time Mutiara Damansara (MD) was so near to BU, Taman Tun etc, many high income families nearby to fast track the success of MD...

But look around Cochrane...Jusco Maluri is not a good gauge of the current local neighbourhood as the shoppers come from many places. The ex-Carrefour there can be a good representation n visited few times...compared to the patrons of Tesco at MD, they are from two different world...

So geographically Cochrane lack of the strong immediate surrounding income support...

Am sure Ikea later will find that their shopper profile in Cochrane to be very different from those at MD...

Sentul has many famous YTL projects wor...

Cochrane has the famous peel road school, or is it notorious
The famous drunken cat steam talapia
The shops outside jusco Maluri are quiet in the evening

Velocity n this Mutiara 482 will change the exising landscape. When amaya Maluri vp?

This project need ballot? When launch?

TRX still on since government tightening purse?

Can't think of benefits of staying within close distance of ikea, unlike a mall or hypermarket, u can visit daily for your needs, entertainment and convenience

But one does not need to visit ikea everyday, or go there to be entertained or find daily necessity there conveniently

Also the crowd at ikea MD on weekend is suffocating, not enough oxygen if u are caught in that mad crowd

Even at RM900 psf, current tenancy potential at cochrane very tough to achieve good return

No doubt the whole area is being transformed but will take time, if one don't have holding power, hmmmm, RISKY

Agree with u but I was more responding to earlier comment on ikea that "nothing beats ikea"

Their mutiara damansara township is really not bad and very successful lah....

Boss, such a happening property development company and so many exciting projects in the pipeline...

http://www.thestar.com.my/Business/Busines...-govt-agencies/

Please give us forumners in LYN VVIP treatment for future launches...hehe...

Haha...

Some business need to sell noodles to a crowd of 100 people a day to start making profit

A Rolex authorized dealer maybe only need to sell 10 watches a month to make profit

But ikea business model best...capture all level of price point from all levels of society from Rm5 per item to per order of RM 10k. Sure that they also throw in loss leader...

No doubt many patrons of ikea are known to go there 6c6c to "copy idea"...