They just bought over the land in 2nd half of last year. Somemore this is a huge development which spans across 57 acres of lands. I guess it takes sometime for WCT to work out the masterplan. Be patient
Barring any recession upon completion of this OUG mall, I expect it will be a big hit given WCT seemingly capability to attact popular tenants like what it did on Paradigm mall in KELANA JAYA, strategic location of the mall which also means large market catchment.
Anyway. Even without OUG mall, Bukit OUG still has leg to enjoy appreciation above the market average given the following catalysts which I believe not fully priced in yet:
1) LRT within 100-200m walking distance (linked to Puchong, Subang, PJ, and KL)
2) Access roads to Jalan 1/155B and Jalan BK1/20 which are in turn connected to KESAS and Bukt Jalil Highway directly
3) Repainting(I am not sure how well this can be pulled off, but at least it gives Bukit OUG a fresher look)
4) Lai Meng Chinese School which is currently being built.
5) Commercial vibrancy(sorted in descending order of certainty)-HO HUP + MALTON mixed development, Berjaya mixed dev, Prasarana mixed dev.
6) Kidex highway from Kinrara to PJ Damansara
7) Surrounding condos prove that market is willing to value this locality at 500psf and above. Bukit OUG is hovering between 250-300psf now only. Gap for us to exploit!!
For the cons, Bukit OUG still has plenty of room for improvement with regards to security, maintenance and the quality of tenants there is below average(Sorry that I am abit racist).
The no 2 is it already done?sorry i only been there once.