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Tropicana Corp has sold 9.12 acres of land to MCT Bhd, which is planning over 1,400 units of serviced apartments.

Two plots of land next to Paisley.

This post has been edited by accetera: Jun 28 2024, 11:43 AM

Are the two plots of land FH?

yes FH.

Tropicana is good at disposing land.

they only see profit, not enhancing its masterplan for the project.

Good luck to Metropark buyers. Instead of getting an housing development by Top Grade Developer, now you need to share your backyard with average developer.

does this mean the last development from TC is paisley?

Try to imagine mct building rm450psf and 1500 units condo/service apartment on those lands.

Lulz..
Now MCT comes into the picture...

Anyhow parking

Lolz, at least Tropicana managed to complete the interchange to Federal Highway. I was thinking that it would not be completed at all

is this replacing the residential plots or commercial?? recall half commercial half resi.

they already build many of these types of condos with VR2 being a perfect example. subpar products though. all buyers will be pissed.

existing buyers who bought in 7xxpsf and above will very pissed off....

This post has been edited by bigman: Apr 16 2018, 07:54 AM

Confirmed many buyers would be really pissed off😈

Mct now controlled by ayala , got 2 c wthr d filipino co can improve mct's reputation or nt. Im surprised tropicana sold part of their tmp land, mayb they find it diff 2 sell there wth their targetted roi thts y take easy way out?

MCT buys the last two residential-zoned plots (whole masterplan is commercial title though) next to Paisley.

MCT plans to build on their own and likely will do alterations to meet market needs, ie smaller sizes?

They may buy more in coming years.

Ohh
Thanks for the info...

PARK

this time no longer call master development but still can call mixed development which is mix with others developer

tmp has been dissapointing all the while. apart from the school and highway access, no construction of any commercials.

And Now further increase of resi supply.

what is feeling for the previous buyers when development by MCT just price at 4xx psf onward? sharing same park and access.....

land purchase price of about 360psf. good deal for ready infra, international school, park, access and tropic commitment to work on the commercial side of things.

Checked with the sales agent Tropicana Metropark said it would be more pricey than paisley as it transacted the land at rm 370++ psf. Metroplex and medical centre will be bulid by TMP.

I was there yesterday. Price at 750 psf. The place is very high density. All built very closely to each another. Showroom quite nice, they give partial furnishing but no wardrobe. Maint fee is 0.35 sen psf. Average size is 900 sq ft and 1480 sq ft.
This place will take time. Okie for own stay but rental might be very tough.

crazy price
existing TMP condos struggling to rent out or subsale. makeover said even their furnished units here is struggling.

how many units in total?

There are 2 blocks. I think total of 550 plus units. What I don't like is the high density as already had 2 other blocks up ie Paloma and Pandara already and chances the view would be blocked by adjacent ones. More so, do not know what are MCT's plans.

To be exact, total paisley is abt 600++ units, both Tower A n B would be facing either central park or pool. In Subamg development highest it goes is 29th floor as it is near subang airport.. MCT plans would not block paisley view as ithe two parcel lot is beside each other. Hence if MCT would to.build 1400 units, either it would be more blocks or smaller units where they would sell at a higher price since MCT bought from TMP is more than 350 per sft. It would be an advantange for TMP residents if they would invest one now.

As per my earlier remarks, it is true that MCT will launching its new development at Tropicana Metropark on April 2019.
It will consists of 3 phases ( blocķs) in one plot of the land. According to sources, each phase will consist of abt 200++unit which all in total 600++units. The selling price as per my comment earlier, they would be pricing at RM 450k ++ for 500++sqft to 1000++sqft. MCT would be selling at high price for smaller units and its true, as per my comment earlier, and as per source that MCT is rebranding its concept.
So, you gals out there, is better to invest now in Tropicana units as they are throwing a lot of goodies, rather than wait n see.

Buy to bleed money every month?

Yes, you are right at the first stage. But if you know there are competitors coming in to develop the area , whatever that you invested is worth a single penny.
As quoted by Warren Buffett "Be Fearful When Others Are Greedy And Greedy When Others Are Fearful"

??? Don't think he's referring to this particular scenario when he said this dude.

What is the target tenant group if going to rent out?
Those working at PJ, Sunway, Subang, Shah Alam?

Any possibility to capture international student?

Mostly all surrounding people.

Which one you bought already? Paisley, Paloma?

Definitely, most investors will go for paisley bcose of its facilites & foor plan. How abt you intend to get one??

Hi all, latest news from sources that Metroplex in TMP is launching this year. Their concept is that TMP will sell their retail shops fronting the metropark to F&B and also invite local grocery retailers which intend to target medium income earners. Whereas, fronting the main road would be a mixture of retails. Their concept is like Desa Park city. Eventually, this would bring up the property price in metropark.

Looking forward to MCT's project opposite Menara Lien Ho, supposedly to launch Q2 this year 2019

good luck..
current TMP condos also struggling to rent or subsale

Phase 4 of Tropicana Metropark incoming by MCT: https://www.alira.my/



Service Residence:
650 sf
1 + 1 Bedrooms
RM 464,778 onwards


750sf
2 Bedrooms
RM 523,908 onwards


950sf
2 + 1 Bedrooms
RM 642,168 onwards


Low Rise Villa:
1000sf
3 Bedrooms
RM 685,908 onwards

nett price can below 700psf? if like this then better buy than TMP already... doesnt matter what tier of developer MCT is.... tropicana being tier 1 developer does not bring any vibrancy or changes to the location anyway...

Thread name updated.

wow...follow

Parking...

Type of Development Serviced apartments No. of Units Approximately 1,400 units Expected Total Development Cost Approximately RM570 million Expected Commencement Date 2019 Expected Completion Date 2024 Expected Gross Profit Approximately RM280 million Stage of Completion Initial planning stage Approvals Obtained Designated for commercial use and issued with a revised master development order approval dated 2 July 2014 by Majlis Perbandaran Subang Jaya for an integrated mixed commercial development vide Kebenaran Merancang Letter bearing Reference No. MPSJ.260/1/652 Jld.3 (41).

park park

Does this means they are yet to be converted to residential title?

has the prices changed since this post? indicative prices now on the website are:

SERVICED RESIDENCES
Approx. Size Type Indicative Price
695sf 1 + 1 Bedrooms RM 509,000 onwards
792sf 2 Bedrooms RM 579,000 onwards
990sf 2 + 1 Bedrooms RM 719,000 onwards

LOW-RISE VILLAS
Approx. Size Type Indicative Price
1048sf 3 Bedrooms RM 902,000 onwards

Crazy prices by a low tier developer. Current subsale and rental by btr developer with lower density also struggling.

parking

Indicative price means SPA or nett price (after rebate)?

meaning it's gotta be commercial title?

any floor plan?

Any more info on this place?

Just speechless by those prices. Wow!

Does anyone know how is this performing.

I also curious about the movement of Alira comparing Paisley and nearby

is that the showroom at taipan?
i think it was formerly cima lighting

How was the sales?

SA here.. all prices mentioned above are old pricing.. already revised it to lower pricing

What is the latest price now ?

Type A - 1048 sqft - Rm 685,048k onwards
Type B1/B3 - 990 sqft - Rm 604,058k onwards
Type B2 - 998 sqft - Rm 623,168k onwards
Type B4 - 988 sqft - Rm 605,878k onwards

Given the type of products they have been delivering and the 1400 units here, this needs to be 20% off to get any interest

8+1% rebate,
1% is upon vp, not signing of spa

so weird

visited the showroom on sunday

Agreed

All the best !

was looking at ALira or Paisley
why all the best to alira?
mind to share?

How many % sold so far bro

Haven't officially launched but they say 20% booked.
Showroom seems to be packed today when pass by

Like i said earlier. study the existing project by the same developer. There are tonnes of them nearby.

For the other one i hope you're getting a big discount. if not can explore Sime's Aurora. Performance and overall development progress in TMP is extremely slow. i worry this TMP may never make it.

I see, tot launched long time ago as sales office in taipan is opened quite some time d😄 how is d sales package here compared to tmp's condo?

Babizz kor, i thnk tmp can make it la unless tropicana sell lock stock n barrel to mct☺

Paisey is offering crazy rebate, and gonna complete soon.

Alira package not attractive at all and has no apdl yet. Say it's gonna be under hoc but rebate also less than 10%

What is the progress of the commercial, office n retail for TMP?

This project was first launched almost 8 years ago.

hi DOuglas, what is the crazy rebate they offering?
last i asked was rm650k for the intermediate Paisley ..
hmm...

yeah. this is indeed the balance unit price.

Flashnews! This housing development is by A Top Grade Developer, 2nd in ASEAN Right after CapitaLand.

If 620psf can consider in today's market n given the lackluster performance here.

Slow n steady wins d race ma😅

Are u d SA for Alira?

Side track a bit, any plans by Ayala to rejuvenate one city? Now looks like 3/4 dead d mall😵

What is the Ayala Land track record in malaysia?

Alira will be their maiden project in malaysia for Ayala.

Their next maiden project is called Aetas in Tropicana Damansara. 226 units in total with size from 2300 sqft to 3300 sqft.

when will Alira start their construction?

No Exact Date yet. But Expected signing SPA some where in November...

To step up their reputation, therefore Alira's will be handled by WDA Architects. Well known architects? Who previously worked on most high end 'z' series of Exsim project. (Treez, Leafz, Twin Arkz, Expressionz).

sure?if true will be nice

Anyone know how is the sales of the units going?

Expected to get APDL by January 2021.

Some said as high as 1.4k units but based a video posted by agents review about Alira sales gallery mentioned total units only 800++ units

Went to sales gallery 1 month ago.

Alira consisted of 2 Phases.

Phase 1 combination of:

Low Rise Villa (3 floors, total of 25 units if nt mistaken)
High rise (31 floors, 17 units per floor, 3+1 lift per floor)

Phase 2: Future development no news yet.

But based on the advertised image of the whole Alira...total units looks more like just 800++ units only. Cuz looks like Phase 2 will only consist of another block of high rise + more low rise villa

Phase 1 total units only 500++

Impossible Phase 2 can be 900++ units (which added up to 1.4k units) as per what everyone was saying....

Sign SPA before 2021, extra rm3k rebates.

MCT got very bad reputation back then looking at their track records, but do also check out those bad reviews project by MCT - who was the architect main/sub cons etc....

Cuz for Alira project they are definitely trying to rebrand themselves by using the services of ‘Top Architect’ etc...

Just sharing info of what i know cuz i booked a unit there for ownstay.

Suitable only for ownstay.. not for investment😅

thanks for the infos.
im looking for own stay also,but just worried MCT workmanship,thier previous projects mcm bad.
how about the mall?

Mall no more dah...

Own stay... if cheap ok...

otherwise... low class area + factories all around + travelling to subang 1 big round...

Yeap if below 550psf ok for those looking for ownstay. Developer reputation still questionable.

No more mall. But now in progress building tropicana next phase call shoppes before pandora. Consist of alfresco dining and supermarket. Heard it's Jaya grocer

Sure no more mall? My agent told me last week there will be a mall. Forgot the name of the developer who gonna build a mall there but it's by the same developer who built Bangsar Shopping Mall

Nahhh it's about 600++ psf. Agree that developer reputation still questionable. Eventhough MCT are under Ayala now (which they said this would be their maiden project).. but hmmm really never know what's gonna happen years down the road.

I booked mine. rm630k++. 90% Loan approved but on dilemma now. 50/50. Might reject loan and move on to look for a better place. lol.

Besides the concern of MCT workmanship.. I think another downside is per floor 17units (31 levels) only with 3 lifts....

And we all know the only convenient road is Federal highway, the very jam highway....

I don't think they sold the land to anyone...

beside... who would be dumb enough to build a mall in a middle of no where? If anything... the developer would rather build the mall in the empty land at ss16... right in front of the train station rather than a place surrounded by industrial factories...


also.... if Tropicana can't do it... what makes you think other developer would want to do it?


FYI... bangsar shopping center is developed by BRDB Developments Sdn Bhd ..... there is 0 news on the net that they have acquire the land at metropark hence I would be cautious of your agent as it is not uncommon for property agents or even developer sales rep to bullshit just to get sale.....

workmanship should be the least of your concern....if i'm not wrong most project has 24months DLP ....hence if there is any shit just call the developer to fix it...


you concern should be on whether living there is ideal for you....


if you take into consideration the mall and all those future shit... then you may need to think twice...

but when you book the unit without taking into consideration of those "uncertainties" and you actually like it just the way it is now... then it is fine to just stay on with your decision..

I'm signing SPA tomorrow, wish me luck.
If they haven't sign the APDL yet then wont have SPA for buyer to sign right ?

BTW, im staying at USJ height, i would say this place is quite easy access to PJ Subang and Puchong area. i often access to federal must passby tropicana metropark also. seeing this place as a quite potential property. After surveying so many property at the end choose this during MCO.

Oh, thats good that they are asking you to sign spa d, when did you first done the booking, @turndownforwhat?

How's the sales of the units going? Is the take up ok?