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Investment RICA RESIDENCE @ SENTUL [OWNERS' THREAD], 200m walk to Sentul West MRT Station

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SAHM
post Jun 9 2014, 05:41 PM

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QUOTE(37 Exposures @ Mar 28 2014, 12:08 AM)


The actual site close to Sentul Cinema, walking distance to Sentul KTM Station.
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My friend told me the cinema is sitting on the land of the proposed development itself.

SAHM
post Jun 9 2014, 06:07 PM

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QUOTE(37 Exposures @ Jun 9 2014, 05:46 PM)
The open air carpark next to it
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Ya, the car wash / carpark also part of the development land.
SAHM
post Jun 11 2014, 02:19 PM

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QUOTE(brianccg @ Jun 11 2014, 10:59 AM)
Land size is included the cinema, car wash, mamak restaurant.

Till now still not materialize as think they have not come to an agreement with the cinema owner.
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Why do they need to come to an agreement with the cinema owner?
SAHM
post Jun 12 2014, 11:28 AM

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QUOTE(brianccg @ Jun 12 2014, 09:25 AM)
They need to acquire the piece of cinema land else how to develop?
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They dun have to acquire the cinema land. The cinema owner is a tenant and will leave upon expiry..

This post has been edited by SAHM: Jun 12 2014, 11:29 AM
SAHM
post Jun 12 2014, 04:22 PM

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QUOTE(brianccg @ Jun 12 2014, 12:16 PM)
No. The tenancy stated some clauses which the land owner cannot simply acquire the land.

This project was planned few years back and till now cannot materialize. even now.
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Don't speculate. It is not true at all.

"cannot materialise" is too ambiguous.
SAHM
post Jun 12 2014, 05:08 PM

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We have yet to hear anything from the developer simply because it is not ready to launch now. Process is not easy and always time consuming.

Good or bad, sabar......



 

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