How's the sales doing so far?

Saw on newspaper there is gonna be a big project coming up in carey island area. Perhaps that will be a trigger for surrounding areas.

http://www.thestar.com.my/news/nation/2017...h-by-port-city/

Location n access to industrial parks shld be btr than malacca but i am very sure tht there is a crazy oversupply of ports coming up in Msia. If this is done slow n steady, maybe got hope. If it truly materializes, then can add value to bkt tinggi/botanic areas as this is the closest modern developed area to carey island. Distance from AEON to carey border is 26 mins while 40mins to centre of carey island.

Northport. Westport. And next up is Carey Island, a massive port-industrial city project, with infrastructure investments of more than RM200bil covering an area of over 100sq km – more than twice the size of Putrajaya.

This giant new port will also be able to handle more cargo than the two existing ports combined.

According to Tan Sri Kong Cho Ha, chairman of Port Klang Authority (PKA) and Malacca Port Authority, the 20-year project will comprise the development of an integrated port and related infrastructure, industrial parks and free trade zones, commercial and residential buildings.

Once all three phases of development are completed, the total gross development value (GDV) could exceed RM1trillion.

“The whole of Port Klang is very congested now, and the ports are reaching maximum capacity. So we need to build another deep-sea port and develop capacity now to cater for our needs and growth,” said Kong in an exclusive interview with The Star.

The first phase of development is expected to take about six to seven years if the project is launched this year.

“We must develop Carey Island if we want to be relevant and competitive – we must create capacity to cater for the future needs of the nation as the Prime Minister plans beyond 2020 and talks about TN50,” said Kong.

http://www.thestar.com.my/news/nation/2017...l-cover-100-sq/

This post has been edited by Babizz: Jan 10 2017, 10:02 PM

Part 2: Location/Access

Access: 250m walkway to a LRT3 station (just normal walkway), prime frontage/easy road access from Jln Langat, additional access to/from BBT1 (via the back), ease of access to KESAS, federal, nkve & the upcoming west coast expressway. 3 mins drive from the AEROBUS station in AEON with hourly rides to/from KLIA n KLIA2.

Location:

i. Walking distance to a LRT3 station (250m), primary school (behind), tesco extra, bbt one office tower n Premier hotel (400m).

ii. Flanked by Jln Langat, its a short driving distance to 2500-3000 shops (SMEs/banks/logistics/F&B/many other things) in bbt1, bbt2, botanic, bayu tinggi n perdana. Also close to AEON, landmark office, Manipal hospital, Klang General Hospital, GM wholesale, Giant, botanic lake, Hin Hua school and many more schools. Also within 12 mins from Pantai Hospital, Regent International, Sri Lethia, many Chinese and national schools, KTM and industrial parks/factories further away. Upcoming amenities will include WCT mega project (uni/int'l school/ mall/office), Gravit8, KSL Mall 2, Sri KDU private/int'l school, multiple upcoming office developments in bbt1 n 2.

Cons: Surrounded by a place of worship, many water tanks, lrt walkway is nt air conditioned, road in front floods (SPS will build a rainwater harvesting system). Also located 10mins away from problematic 'tamans' that will be covered as part of a demography challenge.

This post has been edited by Babizz: Jan 15 2017, 10:10 PM

Still hard to visualise how all this gels up together

Not sure this will help BBT or Parklands / Bestari side more but from my last visit (3 years+ ago) PKFZ still have a lot of large land inside empty for future warehouse. Their existing (very quiet) smaller warehouse were filled with junks / car parts / skeleton making it looks like a movie set from Residents Evil. Hope someone can correct me on this.

As for Carey island port, a long long dream (8- 20 years or more) to make it into a successful port. Take PKFZ as an example. And whether this new port will bring up the surrounding area especially this side of Klang is very low for now. Better buy Banting / Jenjarom land or apartments for future investment if dare.

Me not sifu level so my additional (maybe) Cons - Traffic jam (in / out due to traffic light / fly-over during peak hour). Need to walk some distance to get to decent F&B. Not self-sustain development, need to depends on neighbouring development / area to be successful (if neighbour goes better then good, if goes bad then this goes bad as well). One-way street so if need to go to Kesas will need to waste time to make a U-turn below the fly-over aka longer distance / more traffic light to highway (Kesas) compared to others (LEAD, Gravit8, Maple). Still can't see where can they build the additional access to/from BBT1.

A comparison between upcoming highrise in (BBT - Bestari) Klang area. Don't scold me, me not sifu.

Where do you get the chart?

Gravit8 win liao loh? haha

Self-made table. Some info not up to date / correct. Lazy to do more in-depth breakdown.

LEAD wins hands-off (even in the future part)... Gravit8 and Maple is a gamble. Win big IF they manage it properly, else just another normal service apartment beside highway (nothing special).

Visited the small booth thingy in premiere hotel over the weekend.

1. SA confirmed that the access road from/to bbt is approved n confirmed. The road will be running parallel to the school (behind vonza n petronas), area looks like a small hill for now. So if one is returning to trio from shops in bkt tinggi, one just has to take the tesco/signature fitness road n turn right towards the ens d.

2. LRT walkway wld be built till the end of trio side only n then prasarana/land owner must n will build a walkway till the LRT station thts around 250m away.

3. 4 lifts including service lift unlike previously reported by me.

This post has been edited by Babizz: Jan 30 2017, 11:28 AM


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Booking for trio as of last week:

1. 2+1 rooms: 70+% sold.
2. 1+1 rooms: 30% sold. many units left in the middle to higher floors although i saw several top floors sold.
3. 3 rooms: 50% sold

I was only interested in 2+1 rooms (mid floor) n looks like really laku. Sales pattern can be attributed to the following reasons:

Smallest unit will struggle to sell due to 8 units per floor, high psf price n even higher increase per floor (2k per floor n 5k for all unit facing southeast)

Nett prices for all sizes are:

- A: 656sf 1+1 room from 412k-487k/ nett: 383k-453k, 585-690psf
- B: 915sf 2+1 room from 534k-609k/ nett: 497k-566k, 543-619psf
- C: 1216sf 3+1 store + 1 balcony from 667k-742k/ nett: 621k-690k, 510-567psf

Any Smallest unit above level 28 has a VERY high chance of deprecating upon vp. Still believe the 2+1 rooms r not too bad for ownstay/long term investment from a top tier developer.

Buyers r mostly from pahsang n many bought for

1. Ownstay
2. Investment
3. Children
4. Retirement

This post has been edited by Babizz: Feb 24 2017, 08:02 AM

So far SPSetia has been disappointing with their commercial development and even their Taipan Setia Alam and Setia Walk...
Furthermore this Trio is sandwiched between the Aeon and BBT1... and i believe the scale is way too small to have meaningful competition with any of the existing commercial. Prospect buyers need to question SPSetia's commitment to drive this project.
Even SPSetia has been doing poorly in their flagship Setia Alam commercial project Trefoil and poor take up of the Setia city Residences. With this Trio.... where the land had been left idled for so long even during the boom time 2010-2012, i believe not much of the upside even with the potential of LRT. There are so many LRT projects with much better location and potential compared to this Trio.
Even for rental, i doubt anyone willing to spend anything more than RM1k to rent here and work somewhere else. Even with ppl who work in Shah Alam and Glenmarie, there are plenty of choice of accommodation.

Seems like trio sales gallery is up. Anyone visited?

Still look fenced up but shld be by this weekend or next.


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Showunit only available from this sat onwards. Massive marketing throughout klang. New scale model is there with upgraded Facilties n landscape, surely the best/nicest looking in klang.

This post has been edited by Babizz: Feb 21 2017, 08:10 PM


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from scale model it look massive, feels like fully maximise the land. personally i dont like the building facade, like PR1MA flats

The facade is very medium cost feel. And seems to be high density. IMO this Trio is way overpriced for the location.

Model looks massive but actual land size very small only.

Loan rejected buyer (plenty) from Gravit8, Maple & Lead may go to Trio to buy instead since got 10:90 scheme. 3 years to settle their financial woes before VP.

Wasn't aware there was 10:90 scheme when I visited them in Setia Alam. How does it work now?

They sign SPA first then sign Loan Agreement 3 years later?


I guess 10:90 just like DIBS, which you just pay down payment, no need to pay for interest before VP, until start your loan repayment after VP.

This post has been edited by wkkor: Feb 22 2017, 05:56 PM