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Investment BUKIT JALIL SENTRAL, Development of Stadium landbank

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ivanpei
post Jul 1 2015, 10:50 AM

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Any news on what those buildings are? Offices? Residential? Hospital?

Jaya jaya bukit jalil! Onwards to 1000 psf!
ivanpei
post Jul 1 2015, 12:13 PM

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They talk only lar. I think will be concurrent but the development will finish maybe 1 year after the stadium refurbishment is completed. Stadium refurbishment how long will it take lar? Repaint. Replace the seats, replace grass, replace some equipment, kao tim. 1 year to 2 year job nia. If want rush job 6 months also can get it done lar.

Anyway Mrcb is smart, lock up the land first. If launch now, the climate is not that good. If launch few years later after the refurbishment is done confirm will get better price. Also with Pavi BJ done and Bukit Jalil price up up up, they launch later can ask higher psf too. Right now they can ask roughly 800 like Pavi BJ. Who knows how much they can ask in 2018 after Pavi completion?

This post has been edited by ivanpei: Jul 1 2015, 12:17 PM
ivanpei
post Jul 1 2015, 12:18 PM

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Park sky already BBB isn't it? Lol. Not enough units to go around d.

ivanpei
post Jul 1 2015, 01:41 PM

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Walau 1000 psf cheap lor. This land too valuable for residential imo. I think gonna be lots of grade A+++ offices with retail podium ala Klcc area. Smth like Gtower etc is my guess.

This post has been edited by ivanpei: Jul 1 2015, 01:42 PM
ivanpei
post Jul 1 2015, 01:53 PM

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Got LRT, so many highways in Bukit Jalil, MRT in Sungai Besi.

Highways:

Kesas
Bukit Jalil Highway
Mex

Public Transport:
LRT
MRT 2 @ Sungai Besi (1 stop away from Bj station)

If Bukit Jalil infra fail, all other suburb in Malaysia fail lor. This is already the best connected suburb in Klang Valley in terms of highways and Public Transport. Apa lagi mahu lol? MK lagi dense without any public transport and only 1 major entry/exit point by highway.

This post has been edited by ivanpei: Jul 1 2015, 01:57 PM
ivanpei
post Jul 1 2015, 02:24 PM

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Ok sure if you are so down in BJ, it's your opinion lol. Dont buy anything here lor. The rest of us ready to party!

@ 1500 unit project, that's Parkhill lar. Only 1 block for civil servants, the rest selling now at 500-600 psf. It's not cheap by any measure. Pavilion: good news, Garden City: good news.

Jam? Confirm. Investors? Happy. Not jam not ONG lar.

This post has been edited by ivanpei: Jul 1 2015, 02:27 PM
ivanpei
post Jul 1 2015, 04:56 PM

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The jam and congestion cannot be denied. It will definitely get worse, I agree with you. As for devalue, I don't think so. This is an extremely prime parcel and the PSF will not be cheap.

Puchong is going up in price, how is it devaluation? Puchong now and 5 years ago price change so much! Congestion is a sign of demand, it is an unfortunate effect of increasing density and demand. If you like greenery and low density, it think BJ is not that place any more sad.gif

If it's MRCB, KL sentral 2.0 isn't a bad idea. Office towers, high end condos and mall.

This post has been edited by ivanpei: Jul 1 2015, 05:01 PM
ivanpei
post Jul 1 2015, 06:33 PM

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That land parcel is so big, they can do so much with it. Definitely interesting times ahead. I think this project will not kick off that fast. Pavi BJ was rumoured 3-4 years ago and only we see the master plan this few months. Could it be a similar thing for this project? Long wait?
ivanpei
post Oct 29 2015, 12:33 PM

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Wow Money really flowing into Bukit Jalil North South East West.

North- Paradigm KL
West- Awan Besar LRT mixed dev.
East- Mrt2 @ TPM
South- Pavilion BJ

Center- Kl Sports City & Mrcb Garden City.
ivanpei
post Dec 8 2015, 08:02 AM

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QUOTE(wil-i-am @ Dec 7 2015, 08:26 PM)
On another note, MRCB is seeking shareholders approval for tis project which will b held on 21/12
*
Wow the proposed mall is quite large total up 600 000 Sq ft nla. That's a reasonable sized mall!

Looking at the location they will put the hotel, mall and offices closest to the LRT on parcel 1 and 2. The shop offices and apartments they put at the back in parcel 3. Layout makes sense. Sort or expected given the land location. Prices very cheap, expect it to rise in few years time since these are proposed prices only.

So now 3 major malls in Bukit Jalil? Garden City Mall, Pavi and Paradigm. Small malls are Aurora and Link 2? Mall density greater than Pj!

This post has been edited by ivanpei: Dec 8 2015, 08:08 AM
ivanpei
post Dec 8 2015, 11:21 AM

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Some will die some will prosper.

Malton retail team is strong. However Pavi location is the worse being along Bj highway and no public transport.

Wct paradigm is along kesas and is close to Awan Besar LRT. If they make a bridge from the western part of paradigm to Awan Besar, it will help the Dev alot. Wct retail team not as strong as Malton.

MRCB mall is the best location, 2 lrt stations and along kesas. However 600 000 nla is too big to be a fnb focused mall like empire (350k nla). It is also not big enuf to challenge pavilion (1.3 mil) and paradigm (1.5 mil). It's size a bit alang alang. MRCB has advantage because sports city is next door with facilities for concerts, conferences, exhibitions and sports matches in the stadium and new proposed convention center. They so daring to put a 5 star hotel in their master plan. It makes sense because the events next door will draw visitors. I also feel the mall here will do well due to office workers in the mrcb towers and also event visitors.

So who will win? Or will there be a niche for each mall? Aurora and Link2 definitely need to be fnb or niche because if fashion based, sure die. According to the document Pavi and Paradigm will have hotels too.

From the rahim and Co feasibility study, they believe BJ will be like Pj North due to catalyst like Pavi, Paradigm and Garden City. They also belive this area will be regional hub and center of KL South. Should we believe random posters on lowyat or independent large valuation company?

This post has been edited by ivanpei: Dec 8 2015, 12:02 PM


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ivanpei
post Dec 8 2015, 05:21 PM

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That's what Rahim and Co valuers believe wor, that BJ= PJ North aka Damansara area. Pavilion= empire city, Paradigm = 1utama, MRCB garden City= the curve?

Bukit jalil= Bandar Utama?

BJ+ Okr+ kuchai + Sg besi + oug= PJ of the South?

This post has been edited by ivanpei: Dec 8 2015, 05:25 PM
ivanpei
post Jan 27 2016, 07:52 AM

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Ya I walk by everyday. Work has started. Heard noise from inside main stadium. Also demolishing of cafeterias etc has begun.

They probably need to settle their internal stuff lar since MRCB gearing is very high.
ivanpei
post Jan 28 2016, 06:00 PM

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Took this today.


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