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Investment THE PARK 2 @ PAVILION BUKIT JALIL [OWNERS' THREAD], Malton to launch Final Phase of BJC

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TSaccetera
post Mar 1 2016, 03:57 PM, updated 5y ago

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Malton to launch final block of Bukit Jalil City condos in September this year
News Source: The Edge Property, 1 Mar 2016
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QUOTE
Bukit Jalil City is an integrated mixed-use development anchored by Pavilion Bukit Jalil, one of Malaysia's largest shopping centre. It will be connected to the 80-acre Bukit Jalil Recreational Park across the road by a pedestrian walkway bridge.

Malton Bhd plans to launch the third and final phase of its freehold serviced apartments at Bukit Jalil City development here in September, said a spokesperson for the developer.

“The serviced apartments will be priced above the average RM855 psf set by the previous phase that was soft launched last year,” she told TheEdgeProperty.com.

The final phase will comprise two towers of luxury serviced apartments with a dedicated sky bridge to the Pavilion Bukit Jalil mall.

http://www.ptlm.com.my/index.php/component...ember-this-year
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http://www.ptlm.com.my/index.php/component...ember-this-year
Bukit Jalil City is an integrated mixed-use development anchored by Pavilion Bukit Jalil, one of Malaysia's largest shopping centre. It will be connected to the 80-acre Bukit Jalil Recreational Park across the road by a pedestrian walkway bridge.

This post has been edited by accetera: Nov 23 2021, 12:57 PM
TSaccetera
post Mar 1 2016, 06:00 PM

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Park Sky success will continue to be the ONG here.


TSaccetera
post May 21 2016, 12:14 PM

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THE PARK 2.

Tower A: 52 storey

Tower B: 51 storey

Twin towers of service residence.

Ground floor hybrid retail office concept.

Double Sky Terrace between them.

Sky Bridge to Pavilion Mall.

COMING SOON.
TSaccetera
post May 21 2016, 09:13 PM

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QUOTE(rainman19 @ May 21 2016, 08:57 PM)
is this last 2 tower out of the 4 towers?
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Nope.... the last two towers were sold during the big hooha last year. PTLM was involved.

This thread is for a brand new project.
TSaccetera
post Jul 23 2016, 11:33 AM

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709 units in 2 towers.
TSaccetera
post Jul 23 2016, 10:01 PM

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Park 2 is more high end lah.... to be fair. It's now THE PARK 2 @ PAVILION leh....
TSaccetera
post Jul 23 2016, 10:10 PM

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QUOTE(terrykow @ Jul 23 2016, 10:02 PM)
Park sky residence got 1098 unit and may I know how many unit they will build in park 2 ? I'm abit worry about this project, if the project very successful then pv2 will be so so so jammed,  can't imagine the crowd during weekends, would this affect the residents in park residence? If the project is not doing well like damen,  then will be lot of empty unit for sales after vp.
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I have posted few posts before.
TSaccetera
post Aug 9 2016, 11:05 PM

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I think I might get one unit here for own stay. Still thinking.
TSaccetera
post Aug 12 2016, 12:38 AM

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Starting price attractive.
TSaccetera
post Aug 12 2016, 12:45 PM

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The Park Sky has Phase 1 (Tower A & B) and Phase 2 (Tower C & D). Both phases have some differences in the Average pricing.
TSaccetera
post Aug 12 2016, 06:31 PM

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Considered this one of the most premium property in BJ.
TSaccetera
post Aug 30 2016, 12:29 PM

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In my opinion, layout wise similar to Park Sky with a better improvement.

There are some things that make this the most premium property in Bukit Jalil.

This post has been edited by accetera: Aug 30 2016, 12:32 PM
TSaccetera
post Aug 31 2016, 04:34 PM

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QUOTE(cyrus_evil89 @ Aug 31 2016, 02:38 PM)
started to accept booking for the park 2?
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Yes booking started.

Already hinted some time ago mah.
TSaccetera
post Aug 31 2016, 04:35 PM

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QUOTE(cyrus_evil89 @ Aug 31 2016, 02:38 PM)
started to accept booking for the park 2?
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Yes booking started.

Already hinted some time ago mah.
TSaccetera
post Sep 1 2016, 11:03 PM

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QUOTE(Lyforumer16 @ Sep 1 2016, 10:58 PM)
pricing?
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RM8xx psf before incentives.
TSaccetera
post Sep 6 2016, 11:01 PM

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Rebate: 5%+5%.

Now open for booking.
TSaccetera
post Sep 18 2016, 11:10 AM

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QUOTE(ryan@chua @ Sep 18 2016, 11:05 AM)
How many lifts serving per floor ?? Usually 3 or 4 lifts for surrounding development , hopefully can have more lifts the park 2 which consider as most premium in bk jalil.
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8 lifts
TSaccetera
post Sep 23 2016, 03:53 PM

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Most new project completion rental yield is about 3% to 4% considered good already.


TSaccetera
post Sep 23 2016, 05:27 PM

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This is the market reality. Most new completions, rentals cannot cover loan entirely.

Nowadays, buyers/tenants will choose and they have the say of what rates they want. Accept or not, it's up to us.

This post has been edited by accetera: Sep 23 2016, 05:30 PM
TSaccetera
post Sep 24 2016, 12:08 AM

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QUOTE(propertybbb @ Sep 23 2016, 11:42 PM)
Considered good? Bad is bad la. 3-4pc is not good and it is bad but market reality is there for us to decide. RE agents dont low ball us always. RE has role to play too to help the market....not always say bad bad bad...n keep low balling even tenant didnt say a thing but immediate RE agents ll tell them low price n squizzzz owners.
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I'm saying 3% to 4% is Considered good already at today's market. If you compare to the majority of getting less than 4% today. If any readers who doesn't understand the concept of "relativity", please let me know for me to explain clearer.

I tracked more than 1,000 new property launches in KV with data for the last 5 years or so. Btw I'm an accountant and a property investor myself.

Now investors always think 4% to 5% is the benchmark. But let's be honest. The minute your rental cannot cover your instalment (loan of 4.4++%), then you know you are already not getting that level of returns. Simple as that.



This post has been edited by accetera: Sep 24 2016, 12:21 AM

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