honestly some developers give 2 car parks only for 3 bedrooms, gravit8 consider not bad

Merchant,

Need to know the estimated completion/opening dates for the following components:

1.Pier8
2. Nordica
3. Adria
4. Andaman
5. Ashino
6. Future phase like hotel, soho, shopping mall.

Thanks.

Gravit8 Phase 2A and Phase 2B are schedule to complete in ONE PHASE in 2020. Which means Pier8, and the above 4 blocks of apartments Nordica, Adria (Phase 2A), Ashino, and Andaman (Phase 2B) will be completes together.

Mitraland will announce the future phase info soon.

Call me Evelyn better

Edited: Sorry typo error, is completed in 2020, NOT 2018

This post has been edited by The_Merchant: Jul 23 2016, 01:30 PM

Eve, wow all complete together means investors all compete for rental/subsale at 1 shot. But lucky the retail VP tht time and if its good, some will look to move here.

Wht is mitra answer to investors when quizzed about this? I thought expected 4 yrs? 2018 is really soon. Expect lead residences to only VP in 2018 also

wah.. told us completion date at 2020 but suddenly say 2018.. how true is this ? any source?

How you guys see Gravit8 compared to TRIO and an upcoming one by WCT ?

Aiisskk...apologies my typo error, completing in 2020!!

Hi...... can anyone share the floor plan for the apartment? Thx

I will PM you rainy9

Boss, I will list things down from an investors shoes and list my personal preference from the highest chance of making it

1. Lead Residenc: BEST location in Klang.

Pros: Linked to AEON mall, Landmark office, LRT 3 station, hotel and retail shops within the dev. Walking distance to some 250 shops in botanic and bbt2 (hipster cafe, japanese, steamboat, korean, other restaurants, clinics, banks etc) and Botanic's lake. Good surroundings, frontage, traffic flow and road access to KESAS, jln langat,bbt1 etc. Mid-low density with only 400 units over 4 acres in 2 blocks (8 lifts). WCT has still land left in bbt1 n 2 for more office towers. Developer is a household name that literally built klang south to what it is today and has MANY fans. Many premium landed nearby.

Cons: High PSF at 570-620+psf, facilities could be even more high end la. Dev has issues lately.

Summary: 70-80% chance of success with rental return of 4-4.5% for the smallest unit n lower for the bigger size.

2. Future WCTz RM2.7b project: Good upcoming concept n location

Pros: WCT has BIG plans here. There are going to sign up a UNIVERSITY and have finalized 3 names. Multiple office towers, retail offices, hotel, service apartments and an international/private school(maybe). Expected to be launched end 2016 or in 2017. Location is flanked by Jln Langat/KESAS.

Cons: Price could be high and location is on the 'other' side of Klang. With gravit8, wct new project n ksl malls, Klang ppl will slowly accept this other side of kesas/jln langat.

Summary: Too early to gauge

3. Gravit8: Good concept and Developer

Pros: Price of 520psf. Concept with a Mall with premium grocer, retail/restaurants and good facilities. Lake, office, hotel, mall, hospital and proposed college but the ratio of these to the apartments are minimal. Developer has successfully built mixed developments elsewhere. Layouts are good and very space efficient with 3 carparks for the biggest unit.

Cons: Density of 1200 apartments completing at the same time would be a MAJOR concern fr investors. Location on the 'other' side of Klang and access to kesas, langat is not good (requires extra time due to not direct access).

Summary: 60% chance of success and highly dependent on ownstay-investor ratio if 70-30 then OK la. Best kept for long term ownstay.

4. Trio by Setias: Best Concept in Klang

Pros: Unique concept of terraced decks. Successful township in north klang. Location within the BBT1-2 area. 46 storeys will make it a landmark in Klg.

Cons: Crazy asking prices if anything is above 600psf. If a bridge isn't built, it will be a WASTE as trio can be connected to LRT3 station, BBT1 office tower, Premiere Hotel, Tesco and a hourly bus to KLIA. VERY high density of 900 units in 5.5 acres. Location is NOT walking distance to closeby bbt2 shops and has only 1 way access (need to make a u-turn to go aeon, kesas side).

Summary: 40% chance of success if prices are below 620psf. Best kept for ownstay yuppies just like Gravit8.

5. Maple Residencez:

Pros: In a township with French gardens. Connected to the future biggest mall in Klang, hotel, office and a international school. 576 units here.

Cons: High chance of mall failure (struggling now). Lackluster design n facilities. Location is HORRIBLE being almost teluk panglima garang and many KM/traffic light away from kesas.

Summary: 20% chance of success being attached to a struggling mall and the location being DEEP in.

Conclusion: With 3000 units coming in this 8-10km stretch in the next 3-4 years, Only the BEST will win. Subsale FnG landed in Botanic/BBT2 may be a better bet for long term investment.

This post has been edited by Babizz: Jul 24 2016, 10:25 PM

Babizz thank you for the good insight, one of the most valuable feedback in this thread. Which 3 universities has been shortlisted?

Gravit8 has upcoming college and WCT have university, this part of Klang will be booming? I think many investors will be happy to see their the strong tenant base here but the question is when will the university and college starts operates?

i dunno leh. If anyone free, can go check out in WCT land HQ in bbt1 thr. Got the scale model there with 6 towers and can try to dig story la.

Some pasang logistic ppl angry with landmarkz office as they deliver WITHOUT internet/telephone wire leh. Many waiting to move in. Demand for ofis like landmarkz is suprisingly good despite oversupply of commercial properties as ppl prefer Address, security, convenience etc. In fact, the bbt1 tower has been doing well also. gravit8 shld launch office tower by next yr.

gravit8 own stay quite a number... the rest of number still not alot shld be ok....we love to see wct want to do.. the spillover eff3ct may be good.. especially wct quite success when comes to.commercial

Boss, good question. i think shld be 2019-2020 la. Suitable for ur gravit8 Actually the adria tower how many % sold d?

their adria tower currently open up for registration and place booking but cannot choose unit...heard response not bad also...people still in BBB mood LOL

i received some invitation next sunday got some event going on...the_merchant share some info please if you dont mind

adria going quite well. one of my friend already booking . but less 1% rebate compare to nordica.

Less 1 % rebate is reasonable la. Without announcement of added USP like college, mall anchor tenant like grocer, what u knew from nordic to adria has little changes.

why no progress pics? is thr basement carpark or not?

Not bad location. Not bad concept. Access is to be addressed. Price should rebate more so that buyers feel like winners.

LOL, as compare to some other projects, gravit8 rebates consider very good...but consumer like me never say too much rebate is enough hahah!!