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Investment QUARTZ WANGSA MAJU | LEXA | FERA | HENNA | ALTRIS, Discover an Urban Park in the heart WM

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mochamixer83
post Nov 22 2015, 11:58 PM

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QUOTE(Hartamas @ Nov 18 2015, 01:49 PM)
We know developer is looking at Phases 1 and 2 to be very close to each other, possibly just months apart. As for Phases 3, 4 and 5, uncertain for now. However, the construction access will be from the back, near where Irama is at the moment. Hence, residents in Lexa Residence ( Phase 1 ) and Fera Residence ( proposed name for Phase 2 ) will not be affected by construction traffic. Another point is that Mapletree is a fund and timing is important to them, as their performance is reflected in returns. Different from developer who may choose to delay indefinitely based on various factors. Therefore, we do not expect it to be drawn out for long.

The park is indeed public but it is designed more as a visual identity, not to function as a park per se. There will be sculptures and water features and little space to, say, roller blade or kick a ball. There is little incentive for the public to come into this park area since hte Sri Rampai park equipped with a lake and jogging park etc is so close by. Further, the central park and The Quartz is designed as a cul-de-sac, with no through access anywhere else. We do not expect that the public will be making their way in here.

We are working with the same developer for 28BLVD (their other project in Pandan Perdana - lovely lakeside project) as well and have some experience with their working model. They are honourable and do not muck around. What they indicate is actually a good reflection of eventual price. As mentioned earlier, they are very concerned on reputation and will not risk negative publicity. In fact, (*in hushed whispers*) they have adjusted prices from much earlier intended pricepoints due to market condition - very realistic and practical, not trying to achieve benchmark pricing. Based on this, we are very confident this product will do well and are extremely keen to propose and recommend this to prospects.

Expected to start selling in end-Jan
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Jz to add to the other forumers analysis on this project, may I know if u have any analysis against the existing sub sale properties such as riana green or condos like pv and 288?

I'm not familiar with the area but I've heard so many ppl talking abt pv condos and riana green especially


 

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