The mall seems to be doing better n better. Wonder what is the current Market price for 625 sq ft pool facing high floor?
【◆】TROPICS @ Tropicana City Mall Near PJ SS2【◆】, anyone here LYN bought this also ?
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 May 26 2013, 05:37 PM
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May 27 2013, 03:55 PM
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QUOTE(samngcheesan @ May 27 2013, 02:37 PM) 600k This price is for with what sort of furnishing?  Is this recent transacted price or asking price? |
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May 27 2013, 05:45 PM
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QUOTE(kenji1903 @ May 27 2013, 04:41 PM) RM960psf... got or not bro... Bro, if facing uptown at RM550k then facing pool with 5%-10% premium will be RM575 to RM600 already, right? Then really exceed RM900 psf...i called up bankers before Chinese New Year this year, valuation only at 550k facing Uptown |
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Aug 24 2013, 04:43 PM
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KUALA LUMPUR: Tropicana Corporation Bhd is offering for sale its Tropicana City Mall and office tower in Petaling Jaya to CapitaMalls Malaysia REIT Management Sdn Bhd.
CapitaMalls Malaysia REIT Management said on Friday it had received a letter of intent from Tropicana City’s unit Tropicana City Sdn Bhd to look into purchasing the properties. Tropicana City Mall is a four-storey mall with basements which can accommodate 1,759 cars while Tropicana City office tower is a 12-storey building. “With the signing of the letter of intent, an exclusive period for the due diligence will be granted to CMMT and upon being satisfied with the results, CMMT shall proceed to enter into negotiations on the terms for the proposed acquisition,” it said. CapitaMalls Malaysia REIT Management is the manager of CapitaMalls Malaysia Trust. Tropicana deems mall as its non core assets...looks like not many big developers want to venture into malls |
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Feb 21 2014, 06:21 PM
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What is the current transacted price?
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Jan 31 2015, 06:55 PM
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QUOTE(kochin @ Jan 27 2015, 02:45 PM) RETAIL of 448,248sf @ RM1,000.00psf = RM448,248,000.00 Good estimation, bossOFFICE of 101,246sf @ RM650.00psf = RM65,809,900.00 CP of 1,759 nos @ RM15,000.00/bay = RM26,385,000.00 Total = RM540,442,900.00 ???  In terms of yield, RETAIL monthly gross rental is RM2.69m for 89% occupancy which is average RM6.7 psf, nothing fantastic OFFICE monthly gross rental is RM550k or RM5.4 psf Overall all current gross yield over RM540m before carpark income is 7.2% |
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Jan 31 2015, 06:58 PM
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QUOTE(kochin @ Jan 27 2015, 02:52 PM) Dijaya or renamed tropicana corp was operating opposite at wisma dijaya previously. That so called Casa Damansara 3 land measuring 8500 sf will be retain and develop by Tropicana in future. As we can see, the piling and carpark structure has been more or less completedthen shift to this tcm office tower. now sold pulak. being quite a prominent developer, one would have thought they have a strong foothold of their own. so now ended up renting an office tower from a competitor? never really did like tcm. very bare and nothing much to offer. only like to go there for gsc since easier to procure tickets. but i think capital would be able to improve yields and bring more values. i wonder whether this sale include the land next to it. rumoured to be casa damansara series? |
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Jan 31 2015, 07:01 PM
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QUOTE(kochin @ Jan 27 2015, 02:52 PM) Dijaya or renamed tropicana corp was operating opposite at wisma dijaya previously. Capital Mall claim that they can enhance value as 30% and 16% of leases will expire by 31/12/2015 & 31/12/2016 respectivelythen shift to this tcm office tower. now sold pulak. being quite a prominent developer, one would have thought they have a strong foothold of their own. so now ended up renting an office tower from a competitor? never really did like tcm. very bare and nothing much to offer. only like to go there for gsc since easier to procure tickets. but i think capital would be able to improve yields and bring more values. i wonder whether this sale include the land next to it. rumoured to be casa damansara series? |
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Jan 31 2015, 07:07 PM
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QUOTE(Babizz @ Jan 27 2015, 03:03 PM) Yea said it's not right to sell it all off as the office tower (part of the deal) houses their hq. The office tower key tenants are tropicana group, CIMB securities and RFMI think tropicana is laughing with this deal...when they can collect rm540m cash to reduce gearing and use the fund to acquire land bank and earn more profit from projects. The office tower is 5 years old, why not move to the brand new TG in few years time? |
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Jan 31 2015, 07:11 PM
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QUOTE(Babizz @ Jan 29 2015, 10:22 PM) Yeah Sushi tei is good (much btr than many msian sushi chains). AEON big n GSC is keeping the mall alive la. If either one pulls out, then TCM can close shop n tropics value will take a dive. You have jap, Korean and european expats, office executives, KDU lecturers, KLGCC golf coach, couple family, old people and some air stewardess Anyone here know whats the tenant/type of people living in Tropics? college students? lecturers? expat? small families? i hear retired people like tropics cos of the convenience etc.  |
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May 10 2024, 10:28 PM
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QUOTE(tan7511 @ Mar 2 2024, 04:25 PM)  I'm staying above the mall, no need to see those data. |
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