What does that mean? Cry? 😭

I cant comment any more otherwise bj lovers will curse me to dead...

Just take it as super good news....for desmond...

Hk hotel geoup opened whoa....bj park2 subsale price has just increased by a nod.

If Malton and Pavilion REIT is related to desmond but REIT wont involve in Pavilion BJ then does it mean someone kencing or some ppl too obsessed with him till the point that some ppl consider its a good investment if Desmond lim invest there too.

Reit got policy
Only can acquire assest which give higher return then currently owned assest

New mall need times to be mature
Common practice in all reit

I think Park 2 is a pretty safe investment.

Behind the project is a public park that will never be changed. In front are shops and malls.

I saw some talking about the mall won't do as good etc. but in my opinion, if you are living there, you don't need another Mid Valley. In fact, if it performs like Da Men or Subang Parade it is already a good enough place to satisfy one's needs.

Got cinema, shops and food stalls with moderate traffic, it is a blessing more than than anything. Who needs a super busy mall like mid valley in front of where you live? Sure it will affect the tenancy (Maybe high end brands aren't going to be one of your tenants) but I believe they are more than capable to survive and if you think it will be a dead mall, it won't happen with 3 blocks of highly dense residencies (fully sold), not even considering the other high rise projects from LBS within the vicinity, that alone is enough to sustain the mall's traffic.

If the project is like Tropicana Metropark, residencies take up rate half hanging and getting worse overtime, Mall plan uncertain and commercial shops are in the brink of failure THEN I can say it is a risky project.

Pavilion BJ? With the shops already done developed, a Mall is in construction and a fully taken up park residence with Park 2 almost completely sold out, it is safe to say that you won't regret investing in this project for own stay. Hack, the public park alone with a link bridge from your residence to it is already a good enough incentive while so many other projects like Tropicana Metropark have absolutely nothing but manufacturing plants around it.

This post has been edited by JasonLeeX: Jan 17 2019, 11:23 PM

Pavilion REIT won't buy stake in Pavilion Bukit Jalil... thats means?

That means they will get another property management company or other REIT to run it.

thats means pavillion 2 are no manage by pavillion Already?????

Can a 1.8 million sq ft lettable mall survive as a neighbourhood mall? of those residencies sold, how many will be occupied in first 2 to 3 years?

Normally, a mall need to be over 85% occupied and generate respectable return before reit could buy.

believe da men at usj is managed by pavilion.

This post has been edited by icemanfx: Jan 17 2019, 11:38 PM

Pavilion REIT won't buy stake in Pavilion Bukit Jalil... its a good news or bad news? can anyone tell me

Pav bj mall only opened in 3q20.

u need to call your malton guy lor tomorrow and only time will tell. Btw no need to worry so much, at least u can stay there next to a big mall lol. Also, a wise man once said



This post has been edited by naqib0307: Jan 17 2019, 11:40 PM

If you ask me if Tropicana metropark were to build their mall at this state, I will say it is very possible it can't survive past "jaya shopping center" level. With weak take up rate for its residences, unattractive surroundings and a lot of manufacturing companies all around, I don't think people would want to flock over to such a place. (it is so outskirt, it is hardly a comparison)

Pavilion BJ on the other hand has a big well maintained public park, high take up rate for its residences and its surrounding traffic is abundance on top of many commercial shops all around. I don't have a crystal ball so I can't tell you that it will be a success or not but I believe it will definitely survive at least if not better than Da Men.

This post has been edited by JasonLeeX: Jan 17 2019, 11:53 PM

For developer, money is made from selling residential. Mall is a catalyst to attract residential buyers.

Bear in mind Pavilion Bukit Jalil is 1.8mil Sqft while Pavilion KL is only 1.3mil sqft. Subang Parade is about 1.1mil sqft while Sunway Pyramid is 4mil+ sqft.

It is not small by any means.

It is definitely not a "lifestyle" mall Jaya shopping center 260k sqft.

This post has been edited by JasonLeeX: Jan 17 2019, 11:58 PM

Yeah it is nice to live somewhere that everything is there if u need it such as this park 2 lah. Heheheh but for me I dont like crowd cause of parking, need to wait if want to get a table 😂😂 so, mall with less ppl is my personal preference. What do you think about competition for rental and subsale if lets say we talk about the total number of units in park 1 n park2. Or is it normal to be that way?

CPPIB Will buy stake pavillion bukit jalil, so same like pavilion damansara

It's common that REIT will not buy into a new constructing mall. Not only it doesnt give them return, but they need to borrow money from bank to invest in a mall that is under construction, and give interest rate to banks and also dragging down their existing return.

REIT will buy malls when the malls are ready and tenants start moving in. Why some people so happy when they see Pavilion REIT refused to invest in BJ Pav? I wonder

Based on Singapore corporate experience, being part of REIT there will be quality control and the power to pull international tenants especially from the REIT’s portfolio namely Pavilion KL. This is a very bad news for the Bukit Jalil property market.

The feasibility of the mall does not look as good as thought simply due to the short of population mass.

No lah..

Mall is a reiccuring income for developer.....
Resi profit is one off...

Thats why many develoeprs want to jump into building malls in their fortfolio. You can tell which top 10 tier developers doesnt have malls in their portfolio????

Even akisama also wanting to build mall

Empire built mall and nanaged to sell at profit at time of desperation.

Ekovest also build mall at this first venture into properties

Its all about RECOCURRING INCOME FOR THE GROUP IF MANAGED WELL.