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Investment W CITY @ OUG | WALTZ | THE MAPLE RESIDENCE, OUG's First Freehold 4-In-1 City in KL
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ivanpei
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Dec 8 2014, 07:56 AM
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Holy crap! Will this compete with Pavilion BJ or will it be different target segments? Bukit jalil boleh!!! 5 minutes from both supermalls! Not to mention further massive infra redevelopment in the area!
The corporate towers/signature offices are interesting. That means BJ will be a major commercial hub! Next Bandar Utama?
This post has been edited by ivanpei: Dec 8 2014, 07:58 AM
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ivanpei
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Dec 8 2014, 10:29 AM
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This one even better location than Pavi Bj. Direct access to Kesas. But Pavi plot of land bigger and Malton has strong retail power. Let's see how the fight goes, 2 megamalls next to each other.
Please target different segments lar. Don't kill each other. If I can guess I think Paradigm OUG will be similar to the KJ one while Pavi Bj maybe higher class abit like Gardens.
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ivanpei
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Mar 20 2015, 07:43 AM
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Wct got money Lar. 2018 quite soon can other not? S they build first sell later? Market not very good now but they will proceed and build first?
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ivanpei
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Mar 20 2015, 11:01 AM
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Pavilion already full steam ahead, I don't think WCT can build faster than them lor.
Anyway this area going to see massive transformation soon. The new BU.
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ivanpei
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Jul 6 2015, 05:13 PM
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Yup, the signboard has a big WCT logo on it. Looks like work has started.
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ivanpei
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Jul 18 2015, 08:11 PM
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Since Park Sky reception so hot, I think this won't be cheap since similar luxury concept too. You need to sell what cash rich people want, I think the location is A+ but WCT need to market it well. Malton show room, marketing package, video and pretty salesperson all high grade, haha see WCT can copy or not.
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ivanpei
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Jul 26 2015, 01:20 PM
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I'm most curious about the access. They have very little room to work with for the access to kesas. The turning from kesas to Sri Petaling is already crazy jammed on weekdays. If they can find away to deal with the access, this will be a highly successful mall. Like paradigm Kj, the traffic pass this location is very heavy and frontage/ location is extremely good.
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ivanpei
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Jul 29 2015, 08:15 AM
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More accurately 57 acres, but yes, it is a very big project. It's another mega developement.
92 acre MRCB Stadium Redevelopment 57 acre Paradigm Oug 60 acre Bukit Jalil city + Aurora
Crazy!
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ivanpei
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Jul 29 2015, 11:25 AM
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QUOTE(getRichviaProp @ Jul 29 2015, 10:30 AM) Any idea where is this 92 acres MRCB site? Or is js refurbish the existing stadium & facilities. Any upgrade of roads?😊 Can refer to accetera's map and thread. It is the piece of land next to the hockey stadium. It stretches from Komanwel Park all the way to the sewerage plant. That land is planned to be exchanged for Bukit Jalil stadium refurbishment. MRCB receives the 92 acres, gives government 1 billion worth of refurbishment.
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ivanpei
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Sep 17 2015, 05:29 PM
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QUOTE(jck1986 @ Sep 17 2015, 02:10 PM) less than 1km for sure...its only few hundred metre..the distance is the width of 7-8 highway lanes + additional 100-200 metres.... It's across the highway, depends if got pedestrian bridge over the highway or not. If they have a pedestrian bridge it will be extremely positive news for this development. I think it may be possible. This post has been edited by ivanpei: Sep 17 2015, 05:29 PM
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ivanpei
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Sep 22 2015, 05:27 PM
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If you refer to wikimapia, both sides are WCT land. That's why project size increase from previous estimate of 40+ acres to 60+ acres. This megaproject is now bigger than bukit jalil city.
This makes a bridge to Awan Besar LRT even more likely as it is even closer. Since WCT is buddy buddy with government I think a link bridge should be likely. However the land around Awan Besar LRT is owned by SM Land. Will the bridge cut through their land? SM land won't allow that most likely.
This may be Mid Valley City, Abdullah Hukum station story all over again. They need to wait for Ecocity to finish developing before link bridge is realised. Same problem here?
This post has been edited by ivanpei: Sep 22 2015, 05:32 PM
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ivanpei
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Dec 10 2015, 01:58 PM
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Bukit OUG area is facing serious oversupply at the moment due to Z Res, Kiara Res 1, Kiara Res 2 VP roughly the same time. Upcoming developement like Casa Green and Rainz will make it worse for that area. It will take many years for demand > supply in that area.
Paradigm in 2019-2020 and Pavi in 2018-2019 completion. MRCB garden city also long way to go. Long term looks bright. Short term rental will likely be suppressed.
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ivanpei
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Jan 11 2016, 12:24 PM
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Walau they dare launch higher than Malton? If got link bridge to Awan Besar LRT maybe can justify.
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ivanpei
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Jan 11 2016, 03:02 PM
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QUOTE(kochin @ Jan 11 2016, 02:03 PM) wct is definitely the underdogs here. just see what they can spring up lor else the odds to win is in malton's court. Taikor, why do you think so? Is it because of Malton retail team? Imo Paradigm location better, next to Kesas and closer to Lrt. Wct retail team may not be as powerful as Malton though. Why not both? 1utama-the Curve relationship?
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ivanpei
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Jan 11 2016, 03:34 PM
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Very good points. Gut feeling is that Malton Pavi track record and vision seems better. Will have to take a look at WCT master plan. Among their projects, Paradigm OUG is their crown jewel. I don't think they want to get blown out of the water by Pavilion. Hopefully both can coexist. I still think a link bridge to Awan Besar from Wct western parcel is possible. It's a 400M bridge over a highway, I really hope this happens and can give Paradigm an edge. This will make it walkable to LRT.
This post has been edited by ivanpei: Jan 11 2016, 03:34 PM
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ivanpei
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Jan 12 2016, 08:13 AM
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Lrt is a plus point lar. Public transport is better than no transport. In future Klang Valley residents may choose to go carless when public transport improves like In Singapore/Hk.
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ivanpei
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Jan 12 2016, 09:47 AM
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I think location, demographics and size need to be suitable too, along with competition.
Empire Remix imo is bad because location is simply too far from infra like brt/lrt along with competition from Damen and Summit which are located right next to brt/lrt.
Empire City I thought is doing well? From what I hear alot of high end tenants coming in to Empire City. Sunway Putra Mall is too small and demographics in that area not very good. It's abit of an alang alang sort of mall. Sunway Velocity is facing major competition from Mytown-Ikea combo and that is not good news.
Pavilion BJ is assumed successful by many of us investors because it is sufficiently big with 2 million Sq ft NLA which is huge along with a location that is under served by malls. KL South only has Mid Valley, people from OUG down to Seri Kembangan basically just go to Mid Valley. Pavi BJ/Paradigm OUG are at the perfect location to draw from the under served southern KL market.
The only issue I see now for these 2 malls is competition from each other. Can KL South support these 2 massive developements? Or will there only be 1 winner where the other underperforms?
This post has been edited by ivanpei: Jan 12 2016, 09:49 AM
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ivanpei
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Jan 12 2016, 02:46 PM
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From location alone and infra I like Paradigm. However when it comes to residential attached to a mall, mall branding/class plays a major factor.
If Pavi BJ ends up with tenants like LV, Gucci, Prada and friends, it has sky high "class" value. Wct does not seem to have the pedigree or pull to be able to secure those type of tenants for Paradigm OUG imo. Let's have a look at their masterplan lar. The Pavilion Masterplan and video/vision images are very impressive.
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ivanpei
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Jan 12 2016, 03:52 PM
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Based on Malton Pavi BJ "vision" thats the kind of tenants they are planning to attract wor.
I'm also quite worried if they can do it or not. Quite hard to imagine. But who knows what 2018 will be like lar. Mana tahu.
Looking at the design of the mall and hiring expensive foreign architects (Leonard Design) and their luxury concept, I don't think this will be IOI or Pyramid type grade mall only. Seems like Malton got higher end aims for this project wor.
This post has been edited by ivanpei: Jan 12 2016, 04:00 PM
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ivanpei
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Jan 12 2016, 04:44 PM
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Most importantly don't have to pay toll from Puchong to Pavi BJ through Bj highway. Kesas need to pay toll. Hahahahaha!
Can hint hint what tenants already secured? Wow Malton quite power, so early already secured tenants!
This post has been edited by ivanpei: Jan 12 2016, 04:46 PM
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