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Investment CONEZION @ IOI RESORT CITY [OWNERS' THREAD], Infused with Lifestyle Excitement

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sosseres
post Nov 24 2014, 02:35 AM

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QUOTE(ftan @ Nov 23 2014, 05:21 PM)
Clio is 2km from ioi city mall phase 1 & 1km from phase 2. Don't buy into developer story that it is walking distance. Maybe for Gwailo ok la. They happy to walk under the hot sun.

There will be a bridge to connect to the mall. I believe it's possible to have free bus shuttle service to connect clio, connextion and other future developments to the mall.
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1km to phase 2 is still not consider far..., by the way,... If let say mrt line 3 that rumors will connecting to putrajaya, I guess probably the station will located the pice e if land that near phase 2. But, one more fact, if now Clio is selling 650 psf in average now, then what is the price for those future development ?
sosseres
post Nov 24 2014, 03:58 AM

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QUOTE(ftan @ Nov 24 2014, 03:12 AM)
It would be mrt line 2? Specifically from uniten to prestinct 14. Ok, I just googled and here's the news I was waiting for. Subject to confirmation, of course. But at least, they are lobbying for the mrt station. smile.gif
http://www.nst.com.my/node/55708?m=1
Chong said since the mass rapid transit (MRT) alignment ends in Putrajaya, IOI Group is lobbying for future connectivity in the
form of an MRT station right next to IOI City Mall.

It's hard to say what the price would be for future development. My humble guess is $750 psf (but possibly developer would scoff at this). Two things would influence the pricing but I can't predict to what degree:
1. Petrol subsidy removal. But only if petrol prices are up. By then, most things in general goes up.
2. GST - I believe there would be a one time spike even if gov manages it well. Else expect unchecked spiraling prices, general confusion, etc.
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750psf is a very humble guess.. But now Clio is 650 psf in average... Well... I think everyone is waiting for township become mature.. But what is the price after mature?
I just thinking if i am the investor from mont kiara, I will sell off my property with 1300psf and probably ready going into this market ...
sosseres
post Nov 24 2014, 04:01 AM

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QUOTE(ftan @ Nov 24 2014, 03:22 AM)
I agree on this except:
- don't see much subsales on puteri palma
- higher entry cost
- design is a bit dated
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Just hearsay that owner is not willing let go their unit as the whole condo is just build by surrounding with golf course... Plus now renting to exist all the while... Especially now ioi city mall is opening ...no one lagi wanted to let go unless you are shorted of cash.

This post has been edited by sosseres: Nov 24 2014, 04:01 AM
sosseres
post Nov 25 2014, 02:08 AM

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QUOTE(ftan @ Nov 24 2014, 03:17 PM)
My guess is for the launch of Connextion which would be next year. But I think developer would price it higher looking at IOI City Mall successful soft launch.

Still a long way to go for this area to mature. The IOI City Mall is still in infancy. Hard to say what the price will be.
Yes, got phase 2 and possible MRT station. smile.gif
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Totally agreed ... Just I can't find any places in KV with such amenities plus it is just starting on development. But the current economic condition just not the right time to raise debts again ... Unless you are full of cash !

 

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