I've been to my friend's unit before, his neighbours are both expat (Korean and Japanese). They are under Malaysia second home program, stay in Malaysia for ~6month/year. Yes, Puteri Palma condo is build then sell so it's been vp for quite some time already.

This post has been edited by Rain88: Sep 20 2013, 10:18 AM

Huat arh!!!

No need high end mall. If can be developed like mid valley type mall (medium class) that will be great already!
As expected, this mall will boost up the prop markets on south Klang valley especially cyberjaya, putrajaya, puchong south, Kajang n SK areas.
Huat arh!

[quote=musa putih,Sep 19 2013, 11:42 AM]
I agree with your comments abt current IOI mall at puchong. Although they do attract big crowds, I would rate the mall as 2 stars as they appear to cater more to the low segment and their building looks run-down. If the new IOI city mall is trying to become the next pavillion(5 stars), they I do see trouble coming as the crowd at south klang valley are not ready to embrace this concept. Their best bet is to cater for the medium segment

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Never like the puchong ioi mall (run down) but hopefully this one is OK some easy to imitate mid valley, one U etc.
should be OK cause it's not rocket science + few successful malls to be followed. Risk is there but manageable.

how much units u have in equine?

Equine park is not my cup of tea.
I got few units in SEG - sibeh-far-jaya.
Huat arh! Cyber starts to unleash the potential now!

I am staying at PP condo. I must admit that this place is a bit bored. You can't even find a mamak stall nearby this area. Most of the owners treat this place as their holiday house which explains why the occupancy rate is low. Residents are mainly retirees and some expats. Many mosquitos due to the green concept. 25 cents maintenance fee.
The good part - acessability is excellent, well managed condo and the upcoming mall should make this place more lively.

Market not so good recently dun aspect it can perform well..paradigm, the gardens, citta mall..all come out makan makan window shopping only

When d mall will b redy?

from the look....don't think can open on april 2014. maybe june or next year end.
if tenant tak cukup sure lagi delay....not a good impression for new mall when the mall is ready but inside not much shop open.

This post has been edited by HELLO HELLO: Sep 19 2013, 07:17 PM

It's scheduled to be open by end of 2014.

Thanks for using the word "boring" to describe it which I quite agree with u but it's definitely a good place to relax. The feeling is like in kampung, like the world around you just slowed down.

Excellent for retirees too and they can play golf everyday and hope the upcoming mall will make your investment jump in value

Believed a strong mall management company would have got their tenants committed way before the mall opening...

It's like selling properties, for the "pioneer" tenants, they offer the lowest rental. Then use the names of the pioneers to attract the next batch of operators and slowly up the rental. Like properties buyer, the more people booked, the more tempted you also want to book...

If operator see their competitor brands sign up tenancy, they also tempted to sign up

If SA tell you which celebrity book the project, you also tempted...

The power of sales strategies...

true... for a new mall, "pioneer" tenant need to have gut even rental rate is low.

fyi, setia city mall as a new mall their rental rate for "pioneer" tenants monthly rental already RM18 to RM20 psf (include service & maintenance charges).
depend location. more prime more higher rental. if your shop size roughly around 1000sf+....monthly rental already almost RM20K.

as a new mall you need to imagine the traffic flow....choose the lot carefully and wisely.
if you choice the wrong location with low traffic flow ...bye bye...or high traffic flow but not your terget market..... also bye bye..
those prime lots already reserved for international brands also for mall image purpose.

for new mall the tenant and their competitor usually you see me i c you....c who go in there and die first. if the mall turn out good then "pioneer" tenant happy lor.
if turn out just okok or bad....those second comer will laugh with even low rental + they can observe the real live traffic flow and choose the nice/suitable location... those pioneer might already suffer more than a year...almost reach K.O. stage.

usually a mall need to take 1 to 2 years to reach the mature stage after the mall open.
pavilion KL is the real life example.... from the start they are actually suffering.. and force to rent out the prime area to niichi as a "pioneer" tenant... after pavilion kl get famous with high traffic gain...they can't wait to kick niichi out of the prime area and replace with muji... this is the fate of pioneer tenant...not all end up like that lar....

This post has been edited by HELLO HELLO: Sep 20 2013, 12:34 AM

I agree with you on the pioneer tenant fate. Its true as when they are not good crowd, they don't mind to rent to anyone as long as OK rental. But when business good, all sort of reason like need to rebranding bla bla bla... then kick you away just like that. There goes your renovation, effort, crowd etc

IOI strength is they are cash rich hence they can afford to build then sell . Their project at 16 sierra puchong south is not doing too well due to high price tag/leasehold/lack of amenities/poor marketing but yet they are not panicking as they can afford to slowly wait for buyers.

What I don't like about them is their sales office services are crap (based on my personal experience) and their management/owner have this chinaman mentality which is to maximize their profit whatever way possible . I am afraid that with this mentality, the IOI city mall may end up like another IOI puchong mall although the original concept/design of IOI city mall is very similar to pavilion KL.

This post has been edited by rivalry: Sep 20 2013, 01:10 AM

Seems that very high expectation and anticipation from ioi, let's hope they can deliver accordingly....

I think this mall will not be a pheonix from day one.

IOI will put this mall into market in phases and stages. They could hold. Market will go to them over time.

If you expect to synchronise your investments with them, you better get ready your own holding power.

If building a pavillion type shopping mall i think it will fail due to population and purchasing power factors.
But, a mid valley medium class type will have high chance to succeed.
I am pretty sure IOI group has study the end users + potential customer group's purchasing power in south klang valley.
I am confident with IOI Shopping Mall by end 2014 completion.

So far how many tenant confirm to be enter in IOI City, even it able to completion at 2014-I still feel it need sometime because of tol to arrive this area. Hopefully it din become like South City Plaza