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Investment THE TROPIKA RESIDENCES @ BUKIT JALIL, The Ever Greens of Par Way

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Babizz
post Jan 19 2021, 08:35 AM

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QUOTE(Suzuki688 @ Jan 18 2021, 05:32 PM)
From Berjaya page

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Thanks for the pics. Looking good!
Babizz
post Jan 19 2021, 08:56 AM

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https://www.nst.com.my/property/2021/01/657...Oj1IC8.facebook

Syed Ali said it aims to launch Tower C in April and Tower D at the end of this year, depending on the market situation and the pandemic.

The launch price for Tower C range from RM732,800 to RM1.314 million, while Tower D is between RM779,800 and RM1.391 million, he said.

"We develop innovative products and comfortable living spaces that cater for multi-generations. The Tropika provides residents with a sense of urban living amid lush greenery. Residents can live at a leisurely pace within this sanctuary," he said.

Syed Ali said Bukit Jalil is still one of the most sought-after neighbourhoods in Kuala Lumpur by owner-occupiers and investors as they see great growth potential in the area.

He said despite the on-going pandemic, there is an influx of interest from home-seekers and investors looking for a safe haven.

Bukit Jalil is one of few areas in Kuala Lumpur where property prices have been stable or increasing marginally amid the current soft market conditions.

Berjaya Group entered Bukit Jalil about 20 years ago. At that time, the area was all jungle. Berjaya bought about 162ha and developed the golf course first, and later launched bungalow lots, which were selling below RM100 psf. Today, the bungalow lots are transacting at slightly above RM700 psf.

The group then launched the Arena Green apartments at RM99,000 for a 1,000-sq-ft unit, which in the current market, has more than tripled in price.

Other projects that followed with significant price appreciation over their launch price are Savanna, Savanna 2, Covillea, KM1 East, KM1 West, Greenfields, Green Avenue, and The Link Business Centre.

Green Avenue, completed in 2003, sold an apartment unit with the build-up of 1,080 sq ft at RM90 psf, and the current market price is RM450,000.

KM1 East with 202 units ranging from 1,335 sq ft to 2,021 sq ft sold at RM650 psf. Today in the market the units, which were completed in 2016 are worth RM770,000 to RM1.52 million.


KM1 West, comprising 350 units was completed in 2014. The units, ranging from 1,335 sq ft to 1,508 sq ft sold at RM450 psf, and the market price today is between RM830,000 and RM1 million.

"All the properties have done very well. If you bought a unit in Bukit Jalil 10 to 20 years ago, you would be doing very well today. There is a fairly nice increment in selling price and rental despite market uncertainties," Syed Ali said.

Syed Ali expects The Tropika to also have a fair increment in selling price in the secondary market.

The Tropika is slated for completion in February 2023 while the commercial development is expected to be completed by December this year, with Jaya Grocer commencing operations next year.

BLand still has around 5ha of undeveloped land bank in Bukit Jalil and there is a plan to develop an RM2 billion healthcare hub on it. If the healthcare plan materialises soon, it will complement the overall development, setting a new pricing benchmark.
jsontextbox
post Jan 19 2021, 09:27 PM

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QUOTE(Suzuki688 @ Jan 19 2021, 07:32 AM)
From Berjaya page

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Looks good. Thanks for sharing!

QUOTE(Babizz @ Jan 19 2021, 08:56 AM)
Syed Ali said it aims to launch Tower C in April and Tower D at the end of this year, depending on the market situation and the pandemic.
Oh they’re launching Tower C and D so late.
jsontextbox
post Jan 19 2021, 09:28 PM

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Anyone knows what the take up rate is for type C?
buzz123
post Jan 22 2021, 01:10 PM

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Hi all, is there any B or C type unit left in TowerA/B? quite interested with the project.
Windzneom
post Jan 23 2021, 01:04 AM

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QUOTE(jsontextbox @ Jan 19 2021, 09:28 PM)
Anyone knows what the take up rate is for type C?
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Not bad, left like around 20++ units for Tower B
Windzneom
post Jan 23 2021, 01:06 AM

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QUOTE(buzz123 @ Jan 22 2021, 01:10 PM)
Hi all, is there any B or C type unit left in TowerA/B? quite interested with the project.
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PM you =)
jsontextbox
post Jan 29 2021, 01:21 AM

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Is there any owner group chat?
NotCooll
post Feb 10 2021, 04:47 PM

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I am actually considering Maple residences or Tropika. Couldn't decide, any sifu to guide?

Babizz
post Feb 10 2021, 05:12 PM

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QUOTE(jsontextbox @ Jan 28 2021, 11:21 AM)
Is there any owner group chat?
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The last time I asked most buyers only wanted it closer to VP.
yeowwwai
post Feb 10 2021, 08:55 PM

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QUOTE(Babizz @ Feb 10 2021, 05:12 PM)
The last time I asked most buyers only wanted it closer to VP.
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I'd be happy to join if anyone can create and maintain. It will be a nice channel to get updates related to the progress, progressive interest rate etc. biggrin.gif
ZeneticX
post Feb 10 2021, 09:23 PM

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QUOTE(NotCooll @ Feb 10 2021, 04:47 PM)
I am actually considering Maple residences or Tropika. Couldn't decide, any sifu to guide?
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i'll choose tropika if I were you

more promising

maple... too many uncertainties
Calvinwoon P
post Feb 21 2021, 04:15 PM

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Hi , SIFU and Taiko, i plan to buy 1 unit here for Own stay ! due to my financial i just afford to buy 2 room type ! is it the tropika good for own stay ! between i working at mid valley !
LipotKing
post Feb 22 2021, 09:40 PM

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QUOTE(Calvinwoon @ Feb 21 2021, 04:15 PM)
Hi , SIFU and Taiko, i plan to buy 1 unit here for Own stay ! due to my financial i just afford to buy 2 room type ! is it the tropika good for own stay ! between i working at mid valley !
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If you're buying for own stay definitely a good place to stay but if you're buying for investment, it will be difficult as there are a lot of apartments/condos nearby SkyLuxe, Twin Arkz, Link 2, The Park etc.
SPHead
post Feb 22 2021, 11:09 PM

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QUOTE(Calvinwoon @ Feb 21 2021, 04:15 PM)
Hi , SIFU and Taiko, i plan to buy 1 unit here for Own stay ! due to my financial i just afford to buy 2 room type ! is it the tropika good for own stay ! between i working at mid valley !
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Check out his brother link 2 before you decide anything yet.. own stay is good if you can accept his brother. Like this location

There are lots more coming in than above mention surrounding this area.

This post has been edited by SPHead: Feb 22 2021, 11:12 PM
Babizz
post Feb 23 2021, 09:03 AM

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QUOTE(LipotKing @ Feb 22 2021, 07:40 AM)
If you're buying for own stay definitely a good place to stay but if you're buying for investment, it will be difficult as there are a lot of apartments/condos nearby SkyLuxe, Twin Arkz, Link 2, The Park etc.
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Spot on advice.

Indeed too many vacant condos in those listed above.
Calvinwoon P
post Feb 23 2021, 11:50 AM

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QUOTE(LipotKing @ Feb 22 2021, 09:40 PM)
If you're buying for own stay definitely a good place to stay but if you're buying for investment, it will be difficult as there are a lot of apartments/condos nearby SkyLuxe, Twin Arkz, Link 2, The Park etc.
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I buy for own stay type A
Calvinwoon P
post Feb 23 2021, 11:51 AM

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QUOTE(SPHead @ Feb 22 2021, 11:09 PM)
Check out his brother link 2 before you decide anything yet.. own stay is good if you can accept his brother. Like this location

There are lots more coming in than above mention surrounding this area.
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I dont get what you mean , bro
SPHead
post Feb 23 2021, 12:34 PM

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QUOTE(Calvinwoon @ Feb 23 2021, 11:51 AM)
I dont get what you mean , bro
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Try check out the building beside tropika, link 2, is same concept from same developer. If feel good, go ahead for ownstay, a lot investor here in this area

This post has been edited by SPHead: Feb 23 2021, 12:34 PM
Calvinwoon P
post Feb 23 2021, 03:29 PM

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QUOTE(SPHead @ Feb 23 2021, 12:34 PM)
Try check out the building beside tropika, link 2, is same concept from same developer. If feel good, go ahead for ownstay, a lot investor here in this area
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But so expensive buy for investment doesn't make senses right . maintenance also expensive

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