800 psf... record price at Taman OUG... investment big no no...
i study the ingress and egress, not benefit this piece of land which Waltz located... still need use existing old route to U-Turn, go in and out...

WCT has hard time to sell 2nd block...
future phases no eye see liao...

This post has been edited by propusers: Jun 3 2016, 10:07 AM

Yes... agree that WCT definitely won't set lower price the future phases. Question is able to sell or not.

park sky 2 has golf view... TheEdge news stated at least 850psf... salute WCT if they price their future phase more than 850psf... it is posible...

before public launch, SA claimed they have thousands registration... now we see the fact is thousand registrations do not mean convertible to sales...

main driver to investor bought 1st phase is bcoz of "FIRST" phase

by the way, how was the 2nd block sales now? if more than 75%, consider very good already...

official launching got nice food or not?
dun wan mihun goreng lar like that day soft launch... this is launching of high class luxury condo wei... food must high class a bit la... lols...

35% booking only? when is the report date from Kenanga/CIMB?

found one. Source: Hong Leong Investment Bank Research - 27 May 2016
http://klse.i3investor.com/blogs/hleresearch/97324.jsp

WCT’s unbilled sales stands at RM551m (1.7x cover on FY15 property revenue).

1Q sales totalled RM68m and management maintains it RM600m sales target for FY16 vs ours of RM350m as we remain cautious on the soft property sentiment. Bookings for the Waltz in Paradigm Garden City, OUG has been decent at RM137m but the key here is conversion to actual sales.

4 years project. Complete in mid of 2020.

WCT will announce quarterly result next month. We will know how many booking convert to sales.

No sales figure yet.

http://klse.i3investor.com/servlets/stk/9679.jsp
Property unbilled at RM529m.
With slower sales, unbilled sales reduced from RM551m to RM529m. As indicated earlier, the Group is targeting to sell RM600m worth of properties in FY16, with maiden launch of its OUG mixed development project i.e. The Paradigm Gardens City. The first project in OUG is a residential tower, “R2” with an estimated GDV of RM300m or c.RM850psf. WCT might unveil another residential block i.e. “R4” in 4Q16 if the demand is good. We understand that its 60-acre OUG land will have 8 blocks consisting condominiums, offices and a mall. Tentative net lettable area (NLA) for the OUG mall is 1.8m sf with targeted completion in 2019.

Source: PublicInvest Research - 24 Aug 2016

price not moving since soft launch at 21st May, if official launch from 744K onwards.

anybody go this weekend? pls share the sales status.

This post has been edited by propusers: Sep 2 2016, 10:18 AM

soft launch at 21st May give 8% to 10% discount depends on which layout type. Smallest unit 8%, Biggest unit 10%.

Assume tomorrow official launch at 800K++ for smallest unit, assume 8% discount, get 736K++. So 744K++ onwards share by Kayrol seems valid.

if 800K++ is nett then good for those earlier buyer, already see some paper gain. If 744K, the price more or less same as soft launch.

This post has been edited by propusers: Sep 2 2016, 02:19 PM

As informed by SA last time, R4 will launch in Q4 according to plan. SA said R4 got underground pass linked to mall.
Unfortunately Waltz do not have the underground linked to mall.

if all the ingress and engress got cancel then jiaklat...

2 sizable malls and near to each other will surely create competition and fight with each other... unless that area is like bukit bintang or BDC then it is different topic...

i don't think bukit jalil need 2 large shopping malls... the chances to cancel the mall development is very high... just hope the new boss will bring new exciting element to this piece of land in OUG...

KUALA LUMPUR: AmInvestment Research is retaining its Hold call for WCT, its forecasts and also fair value of RM1.86 after meeting with WCT’s new management after the recent takeover by Tan Sri Desmond Lim.

It said on Monday the key takeaways from the meeting are that firstly, the placees for the recently proposed placement of up to 10% new WCT new shares are likely to be “strategic investors.

Secondly, WCT is disposing of Paradigm Mall and BBT Shopping Mall to a REIT for cash – it is giving up the ownership of the assets entirely and is unlikely to hold any meaningful stake, if at all, in the REIT.

Thirdly, the new management is putting WCT’s existing landbank under review - land parcels considered “non-strategic” (those located in the Klang Valley outskirts, including in Klang) will be sold.

Fourthly, the development plan (including timing of launches and product types) for the 60-acre land in OUG, Kuala Lumpur, will be revised to ensure that it will not pose direct competition to the nearby Bukit Jalil City, which is being developed by sister company Malton.

Fifthly; WCT will indeed be turned into the flagship public-listed property development company of Tan Sri Desmond Lim, and Malton and his private business ventures including Pavilion Kuala Lumpur and Pavilion Damansara Heights will eventually be brought into WCT’s fold; and

Finally, the plan for a separate listing for the construction unit is still intact, but not a priority now.

“We believe the de-gearing exercise via the asset disposal is positive, but at the expense of foregoing prized assets.

“The consolidation of Malton and Tan Sri Desmond Lim’s private business ventures into WCT could potentially double its market capitalisation to above RM4bil, making WCT even more investable.

“However, the devil is in the details. We believe it is too premature to tell if the corporate exercises in the pipeline will be value-enhancing to WCT’s existing shareholders, as that depends largely on the structure and pricing of the assets and new shares to be issued pursuant to the corporate exercises,” said AmInvestment Research.

i guess pahsang = klang

business hub? like bangsar south...

5% of 800k, have 40k return in less than a year...
COCR more than 100%...

mayb can try negotiate to 10% and compensate all the cost occurred?

new boss wanna change plan and sell later at higher price? Waltz located at 2 ekar land and located further from the whole master development. Just curious what is new boss thinking. if not develop high rise luxury condo, what else can maximize the profit of this 2 ekar land?

this prop is highly sought by own stay ppl? if yes, very hard to get 100% agree to terminate the SNP.

by the way, it is reasonable to ask developer to compensate 10%, same to purchaser, if purchaser pay 10% and signed SNP and regret, developer will forfeit the 10%. It is unfair if developer only compensate 5% when they regret. my2c.