Sentral Bazar - 三中坊 at Nilai 3 is a upcoming mall located in the award-winning Nilai 3, dubbed as " The Largest wholesale Centre in Malaysia" by the Malaysian Book of Records, Sentral Bazar is the latest addition to the 12-year old retail hub featuring a one-stop concept mall.

Initially set up in December 2001 to offer wholesale goods from China and neighbouring countries, the 165ha retail district quickly became Malaysia's go-to centre for specialty items at great bargains.

With the current size of 2 million sq. ft. of retail activities. Sentral Bazar is poised to reinvent Nilai 3's wholesale shopping experience. Being the biggest mall in the area, it will be large enough to house existing traders who are currently scattered around Nilai 3, thus creating a central venue to capture a wider market of shoppers.

Product to sale: Retail lot

Price range: [U]and above

Location: Nilai 3 (Opposite wholesale centre)
http://wikimapia.org/#lang=en&lat=2.863792...holesale-Centre

More information:
https://www.facebook.com/sentralbazaratnilai3

Have you ever heard of Nilai 3 Wholesale Center.?

If you have you must be one of the thousands that have been looking for bargain buy something for your home, office, car or even your wedding.

This is an area in the middle of nowhere, that is just Packed with shops that are selling all of the above items plus more. This area has been around for over 11 years and it has become a really hot and famous place for shopping in Bulk.

There are people that come down by the thousands on weekends to buy all these things and they come from all over Malaysia. There are even Buses that come down to these locations for the shopping, some of the buses are part of tours and make a stop here for the tourist to shop, but some are chartered specifically for the purpose of bringing the shoppers from other states. This gives a new meaning to the term "Shopping Trip"

It is said to have over 700 existing shops operating there and over 20,000 visitors on an average week day and 150,000 visitors on an average weekend. This is comparable to Major shopping malls in the City.! It was even featured in the Malaysian Book of Records as the Largest Wholesale Center in Malaysia.

I had never heard of this place until a few months agoo when a Group of our RTC members came across it, We decided to do study trips to understand what is really going on there and what would the investment angle be there. When we went down we were really blow away.. The Crowds was amazing, we were stuck in a small traffic jam in the center of the area.. So I can say the numbers above are real.

Here is Some Subsale Numbers we found:-
1. Shoplot, RM 1.9 Mil, Freehold, 6,000sqft, Rental RM 9,500 per month ( 6% returns )
2. Kiosk in Open Air Street Mall - RM 200k, 240Sqft, Rental RM 1,500 per month ( 9% returns)

This post has been edited by Mhcs: Mar 16 2014, 10:38 AM


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No one feedback on this?

I am planning to buy one! Got GRR wo. Any opinion??

Maybe can compare with GM Klang?

How is the response to GM Klang? Successful?

I went there for the first time 2 weeks ago. Looks like you can get almost everything there. Few levels. A lot of people. Honestly I dont know much about commercial properties.

We are still required to chip in some money even when the project comes with GRR that is if the margin of financing is 85%

Attended the talk by Mastery Asia 2 weeks back

This post has been edited by yltoh: Jan 27 2014, 04:54 PM

what is the best rate can be offer by the bank for loan? is it -2.1% is the max? noobie here too.. and normally how many years to buy the mrta ar?

thanks

i heard UOB give better rate. About 2.1 to 2.2%. MRTA usually 5 years is sufficient.

i think buyer need to bare the bank loan legal fee right? why is it so?

KC and Ahyat from Mastery Asia?

Do your due diligent to check with friends who are familiar in wholesale fields.

can get so high??

i am looking for this kind of opportunity as well for quite a time already
does anybody think that this is good investment?
there's a kiosk 100sqft for 128k. does it sounds good?

You plan to buy or sale? Your sub sales information is too good to be true.

I think we all know or heard that ppls going to Nilai for their curtains and blinds. Without a doubt, this place is doing very well and ppls name it as curtain village.

I urge those interested buyer please do your home work diligently.

ive bought 1 unit in blockA. 85% loan 2.0% maybank loan. Not sure true or not, block B , the center one, whole block has been bought by China businessman.

China man won't go there.

Those that are interested to get a shoplot here can pm me

the one mentioned as "retail lot" is a kiosk?
i only can assume standard lot is a normal shop, am i right?

m3lv can u PM me the details about the retail lot offered and the tenancy agreement?

UOB -2.1 with MRTA
Affin up to 2.2 with MRTA
without MRTA -2.1