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Investment TR RESIDENCE @ JALAN TUN RAZAK [OWNERS' THREAD], The Awakening of the City Centre Begins

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TokCoc
post Apr 9 2017, 11:38 AM

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QUOTE(mthc @ Apr 9 2017, 11:19 AM)
But ppl will argue TRX is high end and TR is low end. TRX is KLCC prime but Tun Razak is chow kit 😜

Apple to Rotten Apple comparison
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Yes. It is.
TokCoc
post Apr 9 2017, 11:39 AM

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I realise that ekovest will have rol project nearby TR as well...look from the map..most probably opposite TR
mthc
post Apr 9 2017, 11:54 AM

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QUOTE(TokCoc @ Apr 9 2017, 11:39 AM)
I realise that ekovest will have rol project nearby TR as well...look from the map..most probably opposite TR
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It's not. Ekoquay (Site B) is next to The Reach Titiwangsa. Site C will be the closest to TR but it's still very far away. Site C is sited right opposite Capers and Fennel area. I can't wait to see what will be cooking on Pekeliling land and Asie land. 🔥

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This post has been edited by mthc: Apr 9 2017, 11:58 AM
bearbear
post Apr 9 2017, 12:19 PM

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the real winner are TS owners if this area reallly fly
nda1219
post Apr 9 2017, 02:57 PM

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Jalan Tun Razak is formerly known as Jalan Pekeliling in Kuala Lumpur. The early phase of City Center. As you can seen why PWTC and few banks hq are located in Raja Laut.

So actually ,TR is located at the beginning part of Tun Razak while TRX at the end part of Tun Razak.


QUOTE(mthc @ Apr 9 2017, 11:19 AM)
But ppl will argue TRX is high end and TR is low end. TRX is KLCC prime but Tun Razak is chow kit 😜

Apple to Rotten Apple comparison
*
This post has been edited by nda1219: Apr 9 2017, 02:58 PM
nda1219
post Apr 9 2017, 03:01 PM

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QUOTE(TokCoc @ Apr 9 2017, 11:39 AM)
I realise that ekovest will have rol project nearby TR as well...look from the map..most probably opposite TR
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Indeed, River of Life has proposed jetty at Titiwangsa and interchange with others public transport.

See the map


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planc
post Apr 9 2017, 06:58 PM

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QUOTE(BEANCOUNTER @ Apr 7 2017, 12:36 AM)
Why?

With fennel 4 blocks and similar in iconic design....u think capera still got wings to fly away from the pack?
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Lower entry won die easily, if this 4xxpsf capers walking distance to LRT die the rest all walking to mrt confirm die lo
planc
post Apr 9 2017, 06:59 PM

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QUOTE(nda1219 @ Apr 9 2017, 02:01 PM)
Indeed, River of Life has proposed jetty at Titiwangsa and interchange with others public transport.

See the map
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Proposed jetty as a public transport really need a bit imagination now
lightbulk
post Apr 9 2017, 07:33 PM

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QUOTE(planc @ Apr 9 2017, 06:59 PM)
Proposed jetty as a public transport really need a bit imagination now
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Similar to Bangkok River boat/taxi.
The jeti do not take much of the space.
planc
post Apr 9 2017, 07:57 PM

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QUOTE(lightbulk @ Apr 9 2017, 06:33 PM)
Similar to Bangkok River boat/taxi.
The jeti do not take much of the space.
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You mean chaophraya river? If u compare with this then totally different..maybe ekovest can consider Venice gondola, sing malay song while transfer passenger at the same time tongue.gif

This post has been edited by planc: Apr 9 2017, 07:57 PM
TokCoc
post Apr 9 2017, 08:08 PM

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QUOTE(planc @ Apr 9 2017, 07:57 PM)
You mean chaophraya river? If u compare with this then totally different..maybe ekovest can consider Venice gondola, sing malay song while transfer passenger at the same time tongue.gif
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I really think rol is a brilliant project if execute nicely. KL city will turn to a more livable city comparing now. I think the jetty thing more like a transport for tourist...
mthc
post Apr 9 2017, 08:32 PM

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Jom naik TR boat and HUAT
TokCoc
post Apr 9 2017, 08:40 PM

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QUOTE(mthc @ Apr 9 2017, 08:32 PM)
Jom naik TR boat and HUAT
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Hmm..titiwangsa sentral better deal?
nda1219
post Apr 9 2017, 08:49 PM

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QUOTE(mthc @ Apr 9 2017, 08:32 PM)
Jom naik TR boat and HUAT
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BuyBuyBuy!

BEANCOUNTER
post Apr 9 2017, 08:59 PM

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QUOTE(planc @ Apr 9 2017, 06:58 PM)
Lower entry won die easily, if this 4xxpsf capers walking distance to LRT die the rest all walking to mrt confirm die lo
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Hohoho....4xxosf.....u r vvvip........and big units....
nda1219
post Apr 9 2017, 09:05 PM

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QUOTE(TokCoc @ Apr 9 2017, 08:08 PM)
I really think rol is a brilliant project if execute nicely. KL city will turn to a more livable city comparing now.  I think the jetty thing more like a transport for tourist...
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Perfect location for AirBnB - Monorail/LRT/Mrt2/Jetty/Bus/Taxi stand interchange. Ini kari-lah!

planc
post Apr 9 2017, 09:37 PM

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QUOTE(BEANCOUNTER @ Apr 9 2017, 07:59 PM)
Hohoho....4xxosf.....u r vvvip........and big units....
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Yesterday large unit today smaller unit..fulfill this 10points plus the structures in a class by oneself just buy and wait nia, never goes wrong https://propcafe.net/top-consideration-buyi...-malaysia-2017/
jinsailoo
post Apr 9 2017, 11:44 PM

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QUOTE(jrmsong @ Apr 7 2017, 09:33 PM)
Eh guys, seriously is there any bank that is providing end financing for this project yet? Tried RHB and PBB but no luck
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can start apply loan for RHB and another bank i forgot,

RHB is the bank the provide loan to MKH for this land
nda1219
post Apr 10 2017, 05:57 AM

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#Throwback Feb 6, 2016
MKH takes part in redevelopment of Pekeliling flats

MKH Bhd’s indirect subsidiary Amona Metro Development Sdn Bhd plans to acquire a 84% stake in Temara Pekeliling Sdn Bhd, the owner of a 1.5-acre (0.61ha) leasehold plot in Jalan Tun Razak, part of where the Pekeliling flats used to stand, for RM5 million.

Amona Metro Development a subsidiary of Gabung Wajib Sdn Bhd, which in turn is a subsidiary of MKH. In a bourse filing, MKH said Amona Metro Development had entered into a master share sale agreement with Amona Land Sdn Bhd, Che Hasnadi Bin Che Hassan and Temara Pekeliling Sdn Bhd to pave the way for the acquisition.

Amona Land holds a 90% stake in Temara Pekeliling, while Che Hasnadi holds the remaining 10%. Temara Pekeliling’s 1.5-acre tract has a 99-year lease that will expire on Dec 27, 2084.

According to the bourse filing, the land is located to the west of the Jalan Pahang roundabout, and is near the Putra World Trade Centre, the Malaysian Medical Association, the Institute of Medical Research and the National University of Malaysia Kuala Lumpur Campus.

It is also served by the Titiwangsa monorail station and Titiwangsa RapidKL LRT station.

MKH said Amona Metro Development had paid the RM5 million to the vendors through internally generated funds, and that the purchase consideration was arrived at based on the gross development value (GDV) and valuation of the land, MKH said.

The GDV of the land is approximately RM380 million; a valuation by Rahim & Co Chartered Surveyors Sdn Bhd on Feb 27, 2015 pegs the value of the land at RM78.4 million.

MKH also said Amona Metro Development and MKH will assume liabilities arising from the commodity murabahah (trust sale) term financing-i facility of RM50 million granted by RHB Islamic Bank Bhd to Temara Pekeliling by offering a corporate guarantee of RM50 million in favour of the bank to secure the repayment of the murabahah facility from Temara Pekeliling, together with profit and other monies payable thereon, to part finance the land purchase.

MKH said the acquisition is in line with the group’s strategy to acquire land or companies which own strategically located land banks for the group’s future property development projects.

The deal is expected to contribute positively to future earnings of the group.

It should be noted that property developer Mah Sing Group Bhd in August 2011 secured the development rights for a 4.08-acre plot in the same area, which formerly housed the Pekeliling flats.

Mah Sing said its wholly-owned subsidiary Grand Pavilion Development Sdn Bhd had entered into a joint-venture agreement with privately-held Asie Sdn Bhd and its unit Usaha Nusantara Sdn Bhd to undertake a niche development named M Sentral on the land. The development carried a potential GDV of RM900 million.

Built in 1969 under the First Malaysia Plan for the low-income group, the Pekeliling blocks have since been demolished to make way for new developments.

MKH closed five sen or 2.36% higher at RM2.17 yesterday, valuing it at RM910.15 million. - The Edge Property

This post has been edited by nda1219: Apr 10 2017, 05:57 AM
The Jedi
post Apr 10 2017, 08:21 AM

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QUOTE(nda1219 @ Apr 9 2017, 09:05 PM)
Perfect location for AirBnB - Monorail/LRT/Mrt2/Jetty/Bus/Taxi stand interchange. Ini kari-lah!
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the nearest TOD comparison to Titiwangsa is KL Sentral and not ulu Cheras 9 miles wink.gif

Sentral Suites by MRCB is nearly double the price of TR. Even i give extra $200psf advantage to Sentral Suites despite the latter is located in Brickfields and not within inner KL Sentral, TR still cheaper by 300-400psf. How to say NO to this TR?

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