More info soon.

IKEA Cheras opening 19 Nov 2015.


*This is not One Cochrane.
https://forum.lowyat.net/topic/2890694

This post has been edited by accetera: Jul 19 2016, 01:54 AM

Psf ?

Parking 1st

Parking

parking~

While waiting for details, what is your impression about the psf compared to sunway velocity?

1200psf

Park for more info~

waiting...

Interesting

Look forward to see this 1..since mytown looks potential...

What is the whole development plan? Heard that Boustead also owns the land beside MyTown

Parking~

Look forward to this

Parking~~

Parking...............^^

parking also

since so many ppl park, I also park. although i don't know why you guys do that

This post has been edited by talker: Nov 12 2015, 02:05 PM

free parking

no update news?!

boss, ade insider news wan to share us kah?

Park

Park park

from the website didn't see anything about service apartments...

still no update about psf?

likelyhood delay..

googled about it. now they promoting their retail. no news about apartments.

FULL Story >>> http://www.ptlm.com.my/index.php/component...on-of-ikea-boom

It was reported in a business publication this week that plans are underway to build two or three towers that will sit directly above the fringe of the rooftop carpark of the MyTOWN Shopping Centre project.

The MyTOWN project in Cochrane, Cheras in Kuala Lumpur is being developed by Boustead Ikano Sdn Bhd (BISB), a 50:50 joint venture between Boustead Holdings Bhd and Ikano Pte Ltd.

Boustead is a government-linked company in Malaysia with a diversified interests in six primary sectors. Singapore-based Ikano Pte Ltd owns and operates IKEA stores in Southeast Asia and under the franchise rights from IKEA System BV. It operates as a subsidiary of Ikano S.A., a privately held international group of companies owned by the founding family of IKEA.

According to the business publication, BISB has provided for structural and infrastructure requirements for a total of three towers in the planning of the shopping centre as it decides whether to build two service apartment towers and one hotel tower, or two service apartment towers and one office tower, or to build only two towers.

The masterplan of the project is being finalised, including the detailed planning of the right product in order to serve the expectations of property buyers in the next three years.

With the addition of residential and commercial components, the entire masterplan will have a gross development value (GDV) in excess of RM3 billion.

- See more at: http://www.ptlm.com.my/index.php/component...h.bgAL6wXn.dpuf

How big is both Ikea and MyTown? 20 acres with GDV of 3bil?

Since so many of you guys parked here, I'm pretty sure the traffic around here will be very jam

cheras is very congested. this is only the matter of sooner or later only

Oklar . Parking my bicycle here also.

This one shall be better investment compare to the park bk jalil.

boss why here btr..on a side noote this mall is really a WOW mall..

pricing here if below 1kpsf then OK lor..

Is The Curve doing well and very WOW?

agreed totally

mind sharing the reason why u say better investment?

Replicate The Curve?

fnb well non fnb doubt so haha.. but this 1 we have d list.. it has many names to bring in the crowds..


sometimes we cnt use past.. see sunwai did their magiv with piramid n now even velocity cnt be saved whrby a few of their key anchor tenants pulled out n opening in mytowns

Near klcity, near trx, near underground mrt1, near trec (zouk), Near big malls and near ikea. Near RSGCC Royal selangor golf club, Near prince court hospital, near manyak big office towers especially big office tower/ embassy along Jalan tun Razak most mrt boleh Sampai or just short drive.

This post has been edited by HELLO HELLO: Nov 14 2015, 11:43 PM

When will launch ah...?

If confirm 1kpsf, I want to drop out my another booking liao. pocket not deep enough.

While waiting for details again, if you are Boustead will you launch this project first or 482?
Whichever the first launched project, will its psf lower, equal or higher than velocity?
You opinion please.

1 cochrane also delay very long since few years ago. So both keep delay lor.
Should be around the same with velocity in terms of psf. They are developer who more humble Compare to Sunway. Isn't it

pyramid now and pyramid 15 yrs ago is a totally diff stories
pyramid did not do well at all in first 5-8 yrs

velocity is supposed to be the main show
due to greediness JC go grab Putra...... now 2 sides also tak sampai
look at the oversize KT running those malls....gv me a break... pls get someone presentable and stylish to run the show at least!!

This post has been edited by Donald Trump: Nov 15 2015, 11:08 AM

Wat is the price psf?

and big supply of population hungry for malls

My thinking is that Mytown and Velocity malls are having head to head battle now. Boustead will not under estimate Sunway and put its resources in getting great tenants to "counter" Velocity.

The mall battling will take place for a while...So my guess is that the launching of Boustead service apartment, will not be that soon..correct me if l am wrong ..

Hungry for Good mall only. Not many good mall in kl.
Will only go midvalley 1U pavillion bk bintang , hope mytown be my another choice

If pipu understand the retail revolution.. Wave 4 already came. Wave 5 coming soon. Manyak developer still dream on having a big mall. Now America n china manyak big mega mall already screw up kaw kaw. Now manyak either turn to:

- big multiple corporate office + storage +factory ,
- or become campus, college , uni class
- centre warehousing+ logistic
- or even mall turn to residential units by making simple change. (At Australia Perth I saw a huge factory turn to residential terrace house all build inside within the factory building. At center of the Factory building just open up a hole let the sun shine thru Sibeh nice.)
- turn to hotel units.
- turn to convention centre + event + training+ concert usage.

Today nan yang property newspaper already mentioned Liao.

This post has been edited by HELLO HELLO: Nov 15 2015, 03:46 PM

wow sounds interesting, you have the picture of that perth factory thing?

Is good to see that

Yea...due to online shopping ...most mall with retail outlets in western countries are dying.
http://www.theatlantic.com/business/archiv...d-malls/387001/

Those mall with a focus on eateries and restaurants should be OK ..but well ....perhaps there could be 1 hour delivery services for food also who knows..
https://fresh.amazon.com/welcome

Due to this trend, I am not a big fan of condos or apartment too close to malls..e.g. could be living next to empty retail outlets/mall 10-20 years down the road.
I prefer condos/apartments next to transport hub, colleges , offices etc.

This post has been edited by willyboy88: Nov 15 2015, 10:14 PM

I think for ASEan mall with foods, cinema, bookstore, cafe, still doable lar. AsEan like to hang out with friends paktor with gfbf at mall but not pub , bar,which is dff with ah mo.

Singapore many people use to online shopping, very convenient with high Internet speed, reliable logistic and carriers agency, but they still like to hang out at shopping mall, to showoff their branded stuffs, sexy wearing , gossiping, paktor before piak piak piak at night.

Concept of mall is the key pt. Imho

agree this...asian mindset diff with angmo...

I agree.

Haha. +1

Its very true that ASEAN has different lifestyle compare to other Asians country, and huge difference compare to ang moh. Weather and humidity is also part of the contribution.

When is launch ?
Need register at where
Thanks

checked the website http://www.mytownkl.com.my/
but it's only allow to register for mytown shopping centre retail leasing.

same same 1. manyak young angmo still like to go shopping mall shop. at sing how many big famous mega malls they got?
and their population are much more concentrate at 1 spot also due to smaller land. good enough buying power to support all the malls.
but also not all mall ong.
it is not about how asean live. looking back here bigger land.. population also not as concentrate + manyak satellite city.
the problem is now at malasia here just way tooooo many mega malls and so little buying power to support all the mega malls.
oledi see manyak dying new mall.

This post has been edited by HELLO HELLO: Nov 16 2015, 10:31 AM

when choosing curtains, beware of BAAGUS..

Boss, then how is ur view on this Mytown?

Boss, can list the dying new malls for my monitoring?
May l assume the list ada manyak ya?
Thank you

NO WAY bro There's NO battle.. a lot of tenants PULL OUT of Velocities n opening in Mytown.. u see of the minianchors in putramall, ALL of them supposed to be in velocity but a few cancel their plans n opening in mytown.. big fnb names also open in mytown.. my friend was thinking of opening a shop thr n notice very few tenants sign up..

Sunwai gt it wrong with NO fashion anchor concept n also try to bring in many HIGH END/lux brands here which i'm sure does not fit the market demand n more so the catchment

Tenants won't wana open in mytown n velocity at the same time.. Its either HERE or THERE! to the sunwai fansi who doubt me, I have the proposed tenants n the layouts fr both malls n know who signed up n who didn't

worry not, competition always good for us consumers even for retailers, probably they will see rental rates flatten. im already very amazed by one recent mega mall's quoted rate.

This post has been edited by HarpArtist: Nov 22 2015, 04:26 PM

Hi boss, i know which megamall quoted u n tht mall keep delaying truth is most underperforming mall managers will continue getting strangled by the retailers who r suffering themselves.. n these same retailers expand into malls with low chance of making it n die again n the cycle continues

Went to ikea. Can see the mall foundation is done and starting to build the levels

why? not good quality?

Glad that you have the tenant list
MyTown may be leading after "revealing" the tenants.
But Sunwai has experience in mall management. Not easy be beaten.
Too early to make a conclusion at this point as the two malls are not open yet.
Anyway, the customers are blessed by having choices to of malls to visit

Mytown will be just like the curve+IPC+IKEA damansara....but dun under estimate sunway velocity as well....anyhow, this area should be the commercial golden triangle for Cheras area...IOI city mall also getting better nowadays in terms of tenants choices and also weekend crowd is very promosing..

Boss, i hope not . i dun see curve and tat few doing well...

Yea man, every time I drop by ikea/IPC area is because of ikea only and will have my meal in IKEA as well. As for IPC the most is just wander around, don't quite see the crowd even during weekend.

Given the congested crowd in ikean dining area, it is definitely at the expense other f&b in the mall. Hope mytown will do better la.

i also believed so but after putramall i lose all confidence in sw

yea im sure u heard also haha. to be honest my face hard to keep straight when i hear. and they desperate until say "still can nego", "all package can discuss" and follow up even more aggressive than mah sing external agents (and thats really aggressive )

OK lets see how this turns out as they have underperformed in ALL malls other than pyramids.. Mytown never reveal the tenants, the tenants reveal themselves to us

Indeed many Fnb customers in ikeas usually lost to the overhyped meatballs

Boss, name lai...or pm me the mall name..i wan kepo kepo also

what so special about cheras ikea?

i hint u, this mall got delayed many times n is located in dsara... among the biggest malls in malai

Boss,too obvious liao hint lk tis hahaha..then harpartist boss also msg me juz now.. Thanks again boss...😁😁😁

Got Zara, Topshop/Topman, MANGO, Esprit, Levi's, Terranova, Monki (not confirmed yet), H&M, Calliope, Cotton On, Forever 21, Superdry, etc.

With the putramall lesson and recent tenant "shifting" to MyTown, in your opinion, do you think sw will continue staying this way to impact business or it will perform "failure analysis" for improvement?
Too early to lose confidence in sw?
Sw is not that tofu lembut la..
(I don't work for sw nor having this stock. I do not side sw)

imo confidence in the company lost, retailer will stay away no matter what, like hello boss says kv is full of malls. even if sw give free rent, one outlet reno and furnish etcetc need prob few hundred k...? why would retailer risk? they just go for the proven one.

hi boss if u see sunwai offer free reno etc pls inform me on a side note putramal the free rental period ended up longer n until last quarter still hardly contributing to ths reit..even their office tower n hotel thr performing vry badly!!

Looking at the tenant list posted above which mostly i post before, u cn alrd see a few tenant like mango cotton hnm jump ship..

On a side note, MNG delayed their opening in putramals fr 4-5 months despite the store being ready..

hows putra mall?
havent go there yet.

most news is about the retail. nothing about the apartments, really?

quality china, price europe

If you wanna go putrazz, be prepared for:

1) Faulty escalatorss (AT LEAST 3-4 escalators), & it already spoiled for 6 MONTHS!!!
2) Lots of GHOST sections especially Asian Avenue a.k.a GHOST AVENUE as that place is extremely QUIET!
3) NO Anchor tenants for fashion (which is weird for a mall)
4) Parking sucks..& expensive
5) Tenants closed early at 9PM cause NO business even on public holidays

This is a mall that make you wanna leave in less than 1 hour & wont come back again ever..IMO

If MNG pull out from the shitty putrazz earlier.. that would be great.. I went there on last weekend & hardly see any people inside MNG.. I guess their decision to pull out from velocity is a good decision~

This post has been edited by MonGJiHyo: Dec 2 2015, 07:40 AM

putra mall parking expansive but during event in PWTC i think f&b business quite good

Is there a huge difference for the parking rates during event and non-event at PWTC?

I thought it's standardized rates at all times..

The F&Bs at LG floor are doing quite good, but the ones at upper floors are just OK and some of it suffers badly~

exhibitors in PWTC will find food nearby. i remember the McD in The Mall was very popular for exhibitors.
event goers also will visit the mall for a break too as PWTC f&b are much expansive than normal

Yes..When I was small, i always asked my parents to bring me to eat at McD (during Yaohan time) if we plan to go to Yaohan mall.

The newly-refurbished SP mall doesnt have any popular fast food outlets like KFC, McD, pizza hut, etc..

This post has been edited by MonGJiHyo: Dec 2 2015, 01:39 PM

yea. i also like to go there to eat McD last time. now not even 1 fast food tenant. what happen?

IMO.. sunwaii is aiming for "big fish" as their main target market of which you could see the tenants at here are mostly mid-end to high-end brands for THAT area (chow kit)..that's why they don't want mcd, kfc, blahblahblah..

However, the result turns out to be NOT what they expected.. Rarely even see any "big fish" from kenny hills, for e.g. each time I visits the mall.. & it turns out to be those "small fish" from surrounding area that comes to the mall who perceives as the tenants at here are too "HIGH END" for them.. As a result, most of them coming to this mall just to enjoy free aircon which means they are not buying or buying less which is definitely not helping the tenants at here (where majority of it suffers badly except F&Bs)..

although i don like to admit the "failure" of spm (as my condo depends on its performance, somewhat), I have to agree with a number of the statements above...

they should attract more affordable f&b outlets like mcd, kfc, shilin and more mass market higher end restaurants like chili's.. go open las vacas and red lobster for what... (although i love the las vacas burgers)
their apparel outlets are okay with h&m, uniqlo, mango and padini..

hopefully its performance improve soon

Most customers going there more more like just lepak lepak there instead of shopping. The last time I went there still not much tenant inside. Most just lepak on the bench. Major tenant also like uniqlo and f&b only

Can't wait for the update on this project...

http://www.theedgeproperty.com.my/my/conte...ne-kuala-lumpur