Everywhere will be high density. Your condo not high density also will be located within high density area. Prospect tenant look at attractive rental price, so property owners have to keep capital cost lower in mass market areas. High end areas sell location is different story.

Stamping will take longer time for most of former dbkl land.

MIZUMI PROGRESS UPDATES:

Developer has forked out millions to change soil and then soil settlement is almost completed.

Piling is expected to commence next week.

Mizumi only started signing from 1 March 2017 mah...

Last block will be launching soon.

Henge was launched in two phases.... each phase 2 blocks.

Mizumi will be launched in two phases too... the last phase is not opened yet. Will be opened in conjunction with project official launch soon.

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High density or not, rental price in the whole area will be almost the same as one benchmark against one another (the reality in secondary market). Nobody will want to pay too high rental and become a sozhai, most tenants said so.

The only problem most property owners are facing is whether Got Demand or not. Either enough tenants or enough prospect subsale buyers. Nowadays subsale buyers will go for good pricing and vast majority of newly completed NOW all over klang valley are being transacted close to or below their SPA prices.

This post has been edited by accetera: May 22 2017, 11:16 AM

Tadmax sold a portion of their PKFZ land to 1MDB many years ago. Money gotten so the company has cash. The remaining portion of the land is for Tadmax to do its power plant, which the company was supposed to partner with TNB but TNB's own plate is full so no deal.

Some of the money, Tadmax last year bought 100% stake in Wawasan Metro Bina to spearhead its property division. The company also issued rights issue for its power division.

As for Wawasan Metro Bina, the company shares a common project director, project lead, shareholder and land guarantee as Maxim's founder, who is now also the executive director of Tadmax:
http://www.theedgemarkets.com/article/tadm...n-seong-liam-ed

This post has been edited by accetera: Jun 19 2017, 12:04 PM

Yayy SPAs should be stamped by now.

Piling is starting soon. Tools are onsite.

Pic taken last week...

Previously, the booking is fully refund as via stakeholder.

Now upon APDL in March 2017, then the deposit had a new rule and it imposed an Admin Charge (read: Admin charge, not cancellation fee), which is in-line with other developers (RM500 here is 10% of the booking deposit only, not more than that).

The project received APDL in March 2017, hence the commencement of work only started in April 2017. Since the ground is near the Lake, the developer has cleared the ground and replace the soil with stronger elements. This job was completed recently, and hence piling machines went in last week.

Piling works well underway.

Very fast construction!

It was revised down from the original. But this is referring to the estimated for first year.

Nearer to MRT than Kepongmas and Henge. Haha.

Yes, in the original plan there is supposed to be Block A, B and C which are Mampu Milik. Mizumi blocks are D, E and F.

Project names updated.