what kind of 'entertainment' you are looking for?

If the property market continue to boom...... as long as the new launching with higher price and sold out, price will be in the upside

This post has been edited by phonixloo: Aug 10 2014, 01:00 AM

I bet would be much higher. Rimbayu is going toward 900k, so do othes as well. See who break the 1M barrier first.

Nowadays 1M seems achievable easy target to pass. As government implement new requirement, 1M is a good start point already.

For youngster, it look like a mission impossible if no support from the parents.

Everybody now a poor millionaire 😧

Tropicana, Selangor amend terms of land sale


PETALING JAYA: Tropicana Corporation Bhd and the Selangor state government had entered into a supplementary agreement to amend and incorporate additional terms and conditions with regards to the sale of a piece of land in the vicinity of Kota Kemuning previously known as the Canal City.

Among the salient points of the amendments are that the state will receive accelerated payment amounting to RM173mil instead of RM85mil for a portion of the land that Tropicana had sub-sold to Prominent Stream Sdn Bhd, a subsidiary of Eco World Development Group Bhd.

According to a statement by Tropicana last Friday, the other matter in the amended agreement is that the Menteri Besar Selangor (Pemerbadanan) (MBI) has appointed Permodalan Negeri Selangor Bhd (PNSB) as the agent and project manager to manage its interest subsequent to the new agreement.

The deal between Tropicana and the state can be traced to April 15, 2013 when the property developer’s subsidiary, Sapphire Index Sdn Bhd (SISB), acquired 1,172 acres of leasehold land in what was previously known as Canal City for close to RM1.3bil.

The bulk of the amount is to be paid over 20 years as Tropicana develops the land.

In March this year, the embattled Selangor Mentri Besar Tan Sri Khalid Ibrahim had a change of mind after SISB sold a portion of the land, measuring 308.72 acres to Prominent Stream Sdn Bhd (PSSB) for RM470.7mil cash.

Subsequently, in April, MBI has made fresh offer to Tropicana to pay up-front RM844.3mil, a valuation derived on a net present value basis, compared with RM1.3bil previously.

In the latest development, Tropicana said that the accelerated payment was with regards to the sub-sale of the parcels sold to PSSB on the basis of developable area instead of gross land area.

“The accelerated payment amounts to RM173mil instead of RM85mil. As a result, there will be a waiver in interest for the amount paid,” it said.


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Extracted from The Star, any impact on the launching?

Not guilty until proven.....

it will be defamation if no concrete evidence

The facts are most corruption case only catch the small fish. The big shark will enjoy their life

Some reference for you. Get it from others.


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Just some indicative..... by add in GST by next year April, price will not be cheap. Anyway you can see the planning before, of course there may be some last minutes changes. But IMO won't be too far out except for the price.

They will justify it with whatever they can get greater profit margin.

With GDV increase by 3 billion, mean the price will increase another 50~60% from original proposal .....

Not my type......

thank you very much for the info

For 'big' project, there will be room to appreciate. Since developer will use phase 1 as to 'pancing' ppl for their future phase.

If just one small piece of land, they will just grab whatever they can get.

Correction.... super rich

Now the main road should be through Kota Kemuning to Kesas. In future, there are others alternate like Elite, SKVE and WCE.

Nowadays 400K = affordable, 800K = mid-end, 1M above = premium

Bro... you are so confident this whole Canal City sub-sales will reach 1 mil in short time

For me, I wish it is true but not that confident leh @ soft market

Wow.... your not so expensive statement is er....... I find that the house price now is very expensive...... but I believe if I don't buy it now, future will be more expensive....

That's will happen after 3~5 years times...... Anyway, the link to SKVE and Elite should be ready by then, much depends on the flow direction