exactly Peril....

if renowed developers cant keep up with the quality, you think smallish developers can performed better???? worse part, they cant even afford to keep a sales and marketing team.

pls note that this Era is not a small project. It has abt 2000 units combined????

you better pray and hope they can completed the rest of the project, if not it may end up like Empire.

When handover unit to purchaser? What is the current progress? Ahead or behind schedule?

Estimate completion in 2021.

well. perhaps ATKH can help to brief here a bit on who is the contractor for the era and who is the boss of jkg?
they are worried about the workmanship and this project will end up like empire.

Outsource agency can entertain bosses to expensive restaurant and ktv regularly which in-house sales team don't.

Depends on the company's priorities regarding how they market their projects. Binastra also relied on 3rd party agencies to sell their Citizen 2 and Trion.

Ba Sheng engaged one 3rd party agency (can't recall which company) for Avara Seputeh with their internal marketing director overseeing them. I actually liaised with the latter directly when I first visited the sales gallery.

Same goes to Akisama for their One Residences.

The main con is CSCEC. Their involve in forest city, ECRL, TRX, etc. So this The Era Project really sap sap sui for them. 😂.
The MD is previously from IJM.

Does anyone has price comparison btween the close projects to The Era?

For eg: riana dutamas and whatever new that is around it

I think the most direct comparison is Riana Dutamas and The Birch. I did not choose Duta Park as it is a leasehold property.

I think in terms of price there are not much difference between the 3. However in terms of density, location, facilities, developer there are much to compare.

I believe riana and Era is similar about 3k units, birch is about 700+ units.
Also Era is selling a concept with retail/f&b which I think will be like arkadia or DPC. If this works, then I think the whole dev will be successful. I’m not sure on riana but I think that’s a normal condo with facilities type, same as birch.
Other than the traffic, surrounding still being old. I’m more inclined to The Era to be honest.

I was offered 703psf net for the smallest unit 646sf high floor for bare unit. Thinking to get this but I’m still on the fence haha. Any opinions on this?

This is what developer and re agents like to claim. Whether could be delivered is another matter.

Price is a bit high to be honest. The project itself has its risk as there are remaining towers that has yet to launch, and with the soft property market today I wonder how are they gonna sell.

Yeah and this is the usual case for any projects out there. Whether they can deliver is really 1 case. Looking up the dev, first high densed project in KV. They ought to succeed else they will kill all their reputation. But also , their main con is pretty decent since they worked on major projects in KL. What are your thoughts? But I agree - this is just hoping ; haha

Yeah you’re right. 707 net psf is abit steep for this market. MK area is about 800-1000 psf yeah? But that’s the premium address already. Was also looking at capital appreciation and also exit strategy whereby this is a 1 bed 1 bath. Will it be attractive in the future?

What do you think? Should I proceed? 🤣

Ultimately it is your call. I have been to the showroom before and I agree that the concept is very appealing.

But in the end I backed out as I do not see it being attractive in the future due to its density and it ultimately being Segambut at the end of the day.

Just my opinion though. Very subjective in nature.

This post has been edited by coolguy99: Jul 15 2019, 09:09 AM

No worries at all. That’s the whole point of deliberating here on the forum. To get POVs for my consideration.

I agree with you that it’s still Segambut, I also considered it to be developed once Tan Chong factory fully moves out and that 47 acre land is redeveloped. It could drive the price up as well, right? But also to say - the supply there in the future might just boom. But at 700psf, I scared my entry price is too high to be called 1 of the pioneers to enter Segambut area in the next 5-10 years. Highly doubt in 10 years time, this place is asking for 1k psf too..

Yes but what you said is just pure speculation. There isn't any concrete plans (at least to my knowledge) that the Tan Chong master plan is going to work out.

The risk is there. I would say high risk high reward kinda thing but it will not happen so soon, probably in the next 10 years?

If could be done, there should be many Arcadia wannabe around but isn't.

Price rise with more supply? What economic theory is that?

U r delusional my friend.
Everything also compared to higher class enclave
This is commercial land title and developer has no choice but to include commercial retails and office.

Do some research and update here which development with similar concept like era has successful retail lots??
Meaning service apartments with retails below???? Price abt 700psf new or subsale.

I can only think of tropicana avenue but the entire tropicana this stretch is the only retails area....
Casa tropicana got some but i wont say its higher class type.