from https://www.facebook.com/groups/115179435202482/


Time has changed. Now for a conceptualised megamall in the growing Shah Alam City.

A 1 million sq ft shopping mall may be built as part of Titijaya Land Bhd's upcoming billion-ringgit TRIO project near Montfort Boys Town/Glenmarie and Paramount Utropolis. Various proponents have called for inclusion of this area under future Rail Transportation masterplan. As developments in this area moved to the next phase, we won't be surprised to see what will be in store for this locality.


Source: Titijaya Land Berhad

This post has been edited by accetera: Jul 8 2015, 11:36 PM

Where is the exact location

Near to Paramount Utropolis.

Vacant land before ramp towards Elite highway (further on right side is Giant/Puncak Niaga).

Who want to bet on their commitment on running a mall?

Commitment? Outsource to retail consultants lor...

titijaya again... i heard they had some quality issues with their condo projects in subang jaya...

now they r undertaking billion-ringgit megamall project..

can they undertake such a big project?

Boss, if it's 1million sf, assume that they will not sell the units

The commitment is on the guts to commit to the huge sum of financing, expose to no billing/collection during construction until the tenants start paying their first rental, commit to marketing fund to market the mall prior to collecting any rental, expose to servicing the loan interest for ever until the mall is sold, commit to holding the baby until the mall become operational profitable.....the mere thought of the high risk & huge exposure is quite enough to kill if here is no commitment to see it through...

So far only IGB, Sunway, SP Setia, Tropicana, MCT etc etc have demonstrated these commitment. Some along the way also offload the mall to REIT to cash out so as to reduce the commitment

They have so many projects and lands - they also own land in downtown kl.

Tan Sri Lee can just inject more.

yes, tats my opinion as well..

it takes a very big developer with reputation, finance and guts to undertake such a project...

Any news on Ultropolis?

This post has been edited by eastern: Jul 31 2014, 03:02 PM

montfort boys town will still remain there right?

COMING SOON


by khorster

Can start to buy titijaya shares liao

Megamall there? Even U8 Space Mall is a dead joint.... perhaps maybe it'll be different if its run by other capable people... no?

Wah. Such huge development at Monfort.

Not easy to maintain a mall at this location.

last time i saw big land hording up beside NKVE under Titijaya..

Is this is the one?

BTW, this project got 2 blocks of service apartment, 560 sqft onwards.. Price RM318K onwards

This post has been edited by seanooi880327: Aug 12 2014, 10:35 AM

Yes.

I really think this mall will fail. too many malls in KV!
In Shah Alam, we have Jusco near the stadium, Tropicana Metropark mall, I City mall by Central group(confirmed d).. Dunno how many more malls

All cater to different crowds ma..

yeah but how many malls will people go to? Retail sales in Malaysia is already dropping. With megamalls sprouting all over, malls like this will find it hard to attract people.