https://theedgemalaysia.com/node/732061


IOI Properties Group Bhd has unveiled the 100-acre integrated development IOI Rio City located within its Bandar Puteri Puchong township in Puchong, Selangor, at a media showcase held at the Four Points by Sheraton Puchong on Tuesday.

Along with the masterplan, the developer has also unveiled IOI Mall Rio, a new shopping mall at IOI Rio City that will have one million sq ft of net lettable area and over 300 retail units.

With a total gross development value of RM12 billion and a 12-year development period, IOI Rio City will have residential, office and retail components as well as an existing 10.93-acre urban park.

I think a better choice is to buy up some shares .

This post has been edited by SKY 1809: Oct 30 2024, 09:43 AM

Bandar Puteri already has too many commercial shoplots. Many vacant units actually around the old Giant now Hero supermarket especially those not facing the main roads.

Well, if u consider yourself as an investor of IOI PG, then u may think differently...perhaps buyers of prop think otherwise ...

What is the purpose of building the City /Mall ? Who are they targeting ?

" Facilities that bring work, innovation, learning, health, wellness and entertainment to the community"

" lifestyle, fashion, electronics "

Moreover, asset appreciation ( indirect earnings ) in books of co does not suject to tax ( if they own the Mall )

Whether their plan works or not, I do not know..but the trust is there

But sometimes what u get depends on what u see.......

This post has been edited by SKY 1809: Oct 30 2024, 11:21 AM

their existing high rise projects in Bandar Puteri Puchong also not doing well... lelong units non stop... and subsales can get below purchase price

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This post has been edited by SKY 1809: Oct 31 2024, 12:38 AM

Which projects?

pavllion got quite a number of lelong units

Lelong properties ..risk of the large hindered costs ..that might come along with lelong properties or loan issues etc,

Transparency often is a worrying issue. ..

Some Pros and Cons needed to be considered properly.

This post has been edited by SKY 1809: Oct 30 2024, 10:04 PM

No risk, no gain.

The high rise in BPP is quite new, so it is lower risk. If some 15 years old unit, then you might concern about the risk.

That area have very poor traffic magament, jam and hardly get parking. I also avoid to go there for food since hardly get the car park. Other retail and shop i will never thinking to go there.

Anyhow, the RIO new project is benefit to current property investor in Bandar Puteri, their property price will increase more, for new investor then very subjective to the future.potential of RIO city. For current own stay owners, it will be 50 50 pros and cons, you will get a good property value increment but also will suffer with worse traffic condition.

Even though for the shop lot not located on the good location in Bandar Puteri, it still can rent out, just the tenant might always change.

This post has been edited by chainyong: Nov 1 2024, 11:14 AM

Noted tq

Maybe need to build more Cashflow ( inflow ) machines first..

This post has been edited by SKY 1809: Nov 1 2024, 07:02 PM