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Investment 3RDNVENUE @ EMBASSY ROW | NEU SUITES, China CREC JV Titijaya for RM2.1 billion

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kswee
post Nov 4 2016, 10:56 PM

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Expected 1sq maintenance fee?
Any rebate?
icemanfx
post Nov 5 2016, 02:09 AM

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QUOTE(jonathanho @ Nov 4 2016, 11:22 AM)
That's why tenant is niche market
Better

Market shall be on recovering by the time completion, so entry price low can give u some edge and global economy doesn't seems going to fix anytime, so budget traveling will be the major market in coming years
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If global economy doesn't seems going to fix anytime, how market is going to recover?

QUOTE(jonathanho @ Nov 4 2016, 01:11 PM)
Ok la.. if Malaysia is equal to Japan. Dont see Malaysia that way... But politic wise leave it to outcome of next election haha.

Anyway back to property haha, if low entry price also cannot do after three years, say market not recover... I think basically no need do investment liaw haha, as outcome will be same, isn't it?
Just discussion
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Kv property is not the only investment opportunity. Last of dibs property is expected to vp in 2018 if without delay, mean oversupply in subsale could be peaked in 3 years time.
icemanfx
post Nov 5 2016, 06:40 AM

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QUOTE(jonathanho @ Nov 5 2016, 04:17 AM)
pls la

Frankly, if u think oversupply, kV property not the only investment opportunity, global economy doesn't seems fix anytime and market not going to recover... (Bear in mind, this is all u written above) then why u looking at this thread and why looking in property talk? I don't get it then...

Ok not fighting ya. Let's say nicely

I never say I not agree. I do agree whole market will oversupply. I never not admit, does it mean u stop invest? Doesn't everyone looking for below market price, urgent sale and good deal?

Then this 30% below market price (RM700psf) comparing current surrounding project deal (range RM1000-1400psf) and even below Subsale of The Element (RM8xxpsf), then u tell me what else to buy? Perhaps just stop buying and in fact, no need waste time in this forum right?

If really that bad, and insist on commenting bad, I think we can comment on every thread that market is bad, oversupply, other than KV got opportunity
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Rm psf is subject to location, design, facilities, finishing materials, perception, market sentiment, etc. If this development is sold at rm 700 psf; by default, the market price for this development is rm 700 psf.

heavensea
post Nov 5 2016, 07:44 AM

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QUOTE(jonathanho @ Nov 4 2016, 11:22 AM)
That's why tenant is niche market
Better

Market shall be on recovering by the time completion, so entry price low can give u some edge and global economy doesn't seems going to fix anytime, so budget traveling will be the major market in coming years
*
2018 = brace yourself.

QUOTE(BEANCOUNTER @ Nov 4 2016, 12:55 PM)
japan property bubbles last for 20 years and still recovering.
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Japan property bubble is very different than our current situation.
BEANCOUNTER
post Nov 5 2016, 10:28 AM

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QUOTE(jonathanho @ Nov 5 2016, 10:23 AM)
👏👏👏
Then perhaps buyer next time no need ask psf. Haha coz no point to compare haha. Selling 1500psf its the value of the property, don't say expensive as its the market price smile.gif
👏👏👏
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jonathan,
frankly, if the panel bank valued this particular property at 1000psf...you think the developer will do charity by selling them at 700psf????
icemanfx
post Nov 5 2016, 12:46 PM

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QUOTE(jonathanho @ Nov 5 2016, 10:23 AM)
👏👏👏
Then perhaps buyer next time no need ask psf. Haha coz no point to compare haha. Selling 1500psf its the value of the property, don't say expensive as its the market price smile.gif
👏👏👏
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Isn't this how market price for new launch is established by developer?

BEANCOUNTER
post Nov 5 2016, 02:59 PM

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QUOTE(jonathanho @ Nov 5 2016, 10:57 AM)
What if I tell u its definitely higher than 700psf?

U won't believe also right? No point to argue.

And then if at the same time beside (really beside, ask accetera since his previous company CB land is just beside) and opposite can sell 1300-1400psf, u think this worth 700psf only? 50% off?

Just give a real thought about it

Not argue because I sell this. But let's say in fact.
Just doesn't make sense right?

Then comes the marketing plan...
Bear in mind this have four phase in total
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higher I believe...but not to 1000-1400psf and developer discounted 50% to sell at 700psf.
yes 4 blocks...but one block is affortable housing rite????

we yet to see the price appreciation of highrise with affortable housing in the same project.

also I believe those sold at 1400psf now finding difficult to sell.......1400psf can get one in city center already.
forever1979
post Nov 8 2016, 08:51 PM

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how to pronounce ?

i thought is Avenue ?

5th avenue in US is kind of high end area
TSaccetera
post Nov 8 2016, 09:29 PM

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Titijaya partners CREC for RM2.1 billion Off Jalan Ampang project
BY TOH KAR INN | The StarBiz
Tuesday, 8 November 2016 | MYT 1:30 PM
http://www.thestar.com.my/business/busines...2-1bil-project/


KUALA LUMPUR: A subsidiary of property developer Titijaya Land Bhd, Titijaya Resources Sdn Bhd, has signed an agreement with CREC Development (M) Sdn Bhd for a mixed development project at Embassy Row in Jalan Ampang, Kuala Lumpur

The proposed development on 6.06 acres is expected to have a gross development value of RM2.1bil.

To carry out the project, the two companies acquired Ampang Avenue Development Sdn Bhd, whose subsidiary is the registered proprietor of the land, for RM80mil.

Titijaya group managing director Tan Sri Lim Soon Peng said the signing marked an important milestone for Titijaya in its efforts to broaden its revenue stream.

“The rationale of the proposed acquisition of Ampang Avenue is for Titijaya Resources together with CREC as shareholders of the JV company to form a strategic collaboration in relation to the proposed development of the land.

“We believe that this corporate exercise will enable us to seek new strategic growth and ensure earnings sustainability for Titijaya, moving forward,” said Lim.

He added that the proposed JV with CREC will enable both parties to leverage on synergistic outcome for mutual benefits.

CREC is a wholly-owned subsidiary of China Railway Engineering Corporation (M) Sdn Bhd, which in turn is a wholly-owned subsidiary of China Railway Group Ltd.

CREC is one of the world’s largest construction companies, with a history of more than 100 years and ranked 57th among Fortune World Top 500 Enterprises and 7th among Top 500 Chinese Enterprises in 2016.
BEANCOUNTER
post Nov 8 2016, 09:31 PM

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Pronouced as
3rd N venue qua
kswee
post Nov 8 2016, 09:34 PM

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QUOTE(BEANCOUNTER @ Nov 8 2016, 10:31 PM)
Pronouced as
3rd N venue qua
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women name brows.gif nvenue.
how much is the rumawip cost?any layout..
TSaccetera
post Nov 8 2016, 09:47 PM

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The 6.06 acre is referring to the southern parcel only.
gks
post Nov 8 2016, 09:56 PM

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It is reported the price starts from rm500k where agent mentioned the SOVO starts from rm300k

Which is correct?
propertybbb
post Nov 8 2016, 10:10 PM

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QUOTE(accetera @ Nov 8 2016, 10:47 PM)
The 6.06 acre is referring to the southern parcel only.
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So how many in totally?
jorgsacul
post Nov 9 2016, 06:24 AM

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Sales?
Babizz
post Nov 9 2016, 07:13 AM

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Super suck name, extremely high dense with 2400 units over 6.06 acres. Recipe for failure from the beginning.
gks
post Nov 11 2016, 04:44 PM

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QUOTE(jonathanho @ Nov 9 2016, 08:04 AM)
Now is collecting cheque stages. Cheque won't bank in. Will invite for VIP unit selection when soft launch for those submit cheque earlier before collection is stop.

So basically no risk booking

The collection is around 60+% quota so far. Gotta be quick before closing
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The price is still from RM300K for 430sqft?
enviro
post Nov 11 2016, 06:51 PM

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No location map. Next to Gleneagles hospital?
AskarPerang
post Nov 11 2016, 07:58 PM

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QUOTE(enviro @ Nov 11 2016, 06:51 PM)
No location map. Next to Gleneagles hospital?
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aiyo just scroll few pages back.
this thread also how many pages only.
wnvoo
post Nov 13 2016, 10:12 PM

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Nice

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