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

No eye see...

Sure ....

This post has been edited by JohnyDep88: Apr 17 2014, 04:18 PM

Tenancy arrangement Return of investment
1 year 6%
2 year 7%
3 year 8%
4 year 8%
5 year 8%
6 year 8%

Maintenance fees will be RM200
Free for 3 year





People know as kiosk concept is ? no roller shutter no roof .


But sentral bazar concept will be 15 sf height
example they buy 100sf property HAVE Roller shutter , and can design them self their company logo



Developer will arrange high tech entaitment , 3D show & painting , Projection mapping , live Augmented Reality , Optical illusion , Immersive movie & Leia Display .

... scary

i wonder how's the sale now... block C open?

yup. block c open for sale. half of it sold out. i just ask them to provide the available unit in block c.Highlighted is available unit

This post has been edited by Hisaishi: Apr 21 2014, 03:48 PM


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Hisaishi, u already paid the booking fee?
i was looking for agent to promo to me since last year but all lazy person
only know to post and publicity but never reply sms and never PM
did u paid a visit to the actual location?

are u one of the promoter/agent?

I think more than 20 agents are doing marketing for this.

Yes but none of them reply to my pm and whatsapp.
Doing sales like sh*t

i bought 1 unit in blok C, bcz most of the 3D section will be at 2nd floor blok C. do u need agent no?
I went there today, the crowd is not as expected, and there is another streetmall nearby.

GRR is cock story

How do the individual kiosks have the utilities? Seperate meter or shared with main building bulk meter?

Will it really be that great in nilai 3?

http://www.sentralbazar.net/property-details.html

Check out this one. Lotsa details here.

i believe it wouldn't be individual meter as the maintenance fees is include utilities fee, and it is centralised air-con.

If developer carry this project well, yes, it will be a attractive place, otherwise, it juz gonna be another "abandon" building. It's will be all depends on how developer cum management gonna make this place happening within the first 3 years.

There's always a risk.

Developer is fishing.........

have the same thought before posting. in that case, if the main building operator screw up, you will follow the same faith. this investment is very risky in this case.

what do u mean by "same faith"?

ya could u provide me the details?
i already whatsapp, sms and email three agent from iProperty, Mudah and also this forum.
but got no reply since Nov 2013

assuming you are the owner of 1 of the small kiosk. your utilities is very depending on the main bazaar operator. If the operator somehow don't have sufficient cash to pay the utilities bill, then if utilities decided to cut the bulk meter source, then as a small kiosk you will not have any power or water to run your business anymore.

but i think somehow this prop got its advantage...
how long do u think to get this project completed?

0123431076 Aun

or pm ur no to me and i ask him to approach you.

You got a very good point, but utilities not my concern.

This project is a return guarantee for the first 3 years. This also means management take full responsible for the first 3 years. If project does not run well, no visitors, no buyers, no customers; who want to rent the shop? Somemore there is thousand over retail shop in this mall.


Let see how the developer plays the game.

Expect to be completed in early 2016, however, in the S&P, 3 years from the agreement stamping date.

Ok bro
Thanks
Will sms him personally
Thanks again for your help

All please Take not this is not developer website , create by agent
Developer website is
www.slland.com.my

https://www.facebook.com/pages/Sentral-Bazar/452110548259206

New update will be at facebook there .
Please like and receive latest information from developer
thank you very much .

Hi suadrif and others interested, much has been said and concerns are understandable. But take up has been good and development is under way.
Glad to answer your questions. And You're welcome to check out the full details onsite.
Can give you a brief tour around.
Regards
Mike 017-8895233

Wonder for those block C buyers, have you received your stamped copy of S&P from the lawyer?

Block A progress as at 26/9/2014 as per the following link

https://www.facebook.com/pages/SL-Land-Sdn-...275815459237755


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They sell at high premium and repay back in 3 years time. This is called guarantee return so your loan can finance the project. So call win win

Their price is slightly higher with not so big unit. Location is first to have aircon wholesale plus surrounded by growing township. If they manage it well and plus cinema and beverage outlets, the chance is there to prosper. Though it's not a sold off project, take up rate is good.
Finger crossed....

I believe this project will be successful as Sentral Bazzar is the only such mall within Nilai--3D image on ceiling, cinema, f&b etc....we call it first mover advantage.

Yeppp, hope so. I bet on it... Southern area is booming.
I hope the marketing guys can be more active in the fb to get more awareness on the project.

My agent told me almost all unit in Upper Ground for Block A & C sold out, but there are still few left in Ground Floor.

Progress of Block A & C as at 11/10/2014

This post has been edited by Palmwalker001: Oct 13 2014, 09:27 AM


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When would you foresee that it will be successful?

The first three years will be critical for this project.

went to mk curtain....cowboy town

When u went? By 2016, it is expected that the surrounding neighbourhood will grow and that would be sort of be their local mall and also, retail outlets for those looking for all sort of products...
The management play a key part in making this mall successful. They have 3+3 leaseback option.
I think cinema, supermarket, food court, beverages and a good mix of retails are crucial... Any new updates on key tenants...

1 week ago

I went there on weekdays in the afternoon... Say after 2-3pm. It's quite though... Probably there is no aircon so visitors only therr in the morning or probably more on Weekends. So with sentral, hopefully more will come...

Block A progressive work as at 28/10/2014


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currently they r selling 158k for intermediate. why I see taikors here mentioned mostly upper floor sold..but i tot retail for grd floor wan normally do better?

This kind of place suitable for office. Upper floor very suitable for trading company.

May be it is due to most of the 3D Screen show that attract manflow are at the upper floor ceiling.

The picture showi g block A only? B havent start uet?

Good potential... Take up rate is quite good.
Anchor tenants not yet confirm? Mall management is crucial.... Cinema, beverages, bowling alley with good retail line up... Surrounded by huge residential community.... Hopefully it is ong

Fully sold out already? What stage already and loan release till what stage d?

Block C just started but seem that Block B not start yet...I am not sure

Seems to b another good project with fully air conditioned mall. Could b like kenanga at jln imbi

Suadrif, yes it's a standard 10 by 10 shop and can use as 12 by 10. This kind of shop is like u see in wholesale complex in China or GM Klang. The block b is actually blocked by the owner themselves, not sure to lease or to sell later. U can do your business there in future
They will set up the leasing team soon... If they manage well, the place should boom... Otherwise it will b screwed.
Retail mix and selection is also important....

10 by 10 is like a bit small.. 12 by 15 looks better though

plan to take a corner ground unit near to F&B area...any nilai3 frequent visitor?

The lower floor corner the fnb is very good unit,
but the price bloody steep.. Somemore same size

First time this developer manage? Or developer with experience?

Not sure... But they are part of fun n cheer team...office + their operating business is opposite the site

Fun and cheer team.. thats very good and promising. Big company.. but how about construction wise? Their first construction site?

I understand that they have other high end landed residential projects near bukit jalil... Sales should be
moving quite steadily for sentral Bazar... Again it depends on product mix and management

Totally agree!!

Work in progress as at 5/12/2014

This post has been edited by Palmwalker001: Dec 5 2014, 06:04 PM


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Block A as at 5/12/2014


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Hi, I have some some special units and at new sales package offer. Anyone interested to find our more or to buy, please PM/whatApps me @ 017-6233242. Thank you very much.....Regards,

Sales at Block A as at 14/3/2015, all big units sold but smaller unit especially lower ground still got few unsold unit.

This post has been edited by Palmwalker001: Mar 16 2015, 11:34 AM


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Similar situation in Block C, generally upper ground floor sales better may be it is closer to 3D ceiling show I suppose



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those with sticker sold out d?

Sometime think of it. The buying pattern is funny. Same floor, left tow finish but right row left middle section.
Mayb loan rejection... I think they have increased price already

Those without sticker sold.

So.good response..

It's a bit slow but it's picking up.... Most buyers leave it to sb management to run the operation... Leaseback options

Semtral Bazar official record board at site, target completion date February 2016.

This post has been edited by Palmwalker001: Mar 19 2015, 08:47 AM


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Site progress as at 22/03/2015


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A unique mall.


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Walau price increase, I heard sales very good this couple of weeks... Progress looks exciting

Hi Sifus

I am a newbie to commercial property investment.

I have invested in residential but not in commercial. I am quite keen in this Sentral Bazaar project.

Reason : Price is within my budget. Leaseback option (3+3). Growing residential area. The proposal by the developer looks promising.

Whats your comment. Should I take? Planning to take 2 unit. Or should I settle with 1. Please guide. Tq

Any confirmed franchises like mc d to come in?

It was started selling at RM90k ++ Initially and now jump to 188k. Hurray!! less than one year time price shoot up 100%.

188 is the smallest?

anyone knows the progress of this project?

U can check the fb. Block a structure is up, but haven't seen full structure on c yet.
Normal days a bit quiet, hopefully with ioi, SD and other blooming residential, this project will be ong in near future