But i'm quite sceptical if SW positions itself as a high end enclave for coz if i'm not mistaken the demographics of Puchong is one of middle to middle upper income people. To position it as a high end place ala Bangsar, KLCC, or Mont Kiara might be difficult to pull in that kind of crowd/people. Further to that IOI's boulevard is also not considered a sucess story.

SW never intended to be positioned in the same league as KLCC and Mt Kiara, as u said it, different demographics. Rather, it is envisioned to be THE place for Puchongites and the immediate surrounding. So you can say SW will be higher end in relative to existing Puchong retail developments.

It is a matter of time, with the house price in Puchong has achieve Condo apt (400K-800K), 700K (double storey), Semi-Ds (2 million), Bungalow (3 million), who do you think the owners of these properties? I know many businessman and high position white collar are Puchong residents, with the huge amt of Puchong population, SW captures 5% will be enough.
I use to bring my relative to makan in Mid Valley and The Curve, it is really hassle, wasting a lot of time, for sure SW is my priority choice now...
I dropped by SPS sales gallery on last Friday, I saw the SA is explaining to a group of Japanese/Koreans tenants who were discussing the location of theirs restaurant will be (the entertainment Tower).
p/s : Kenot compare Boulevard to SW, different concept at all.

Hilton hotel to 'crown' RM1.5b Puchong project
http://www.btimes.com.my/articles/mley/Article/

aiya, I will definitely walk over and kepoh a bit maybe pongchan a bit at the beginning lah, so near; and I'm sure all the auntie and uncle around will also go. So prolly they have to make sure the tenants will cater to this group.

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Added on April 4, 2011, 3:07 amHad a good look at Setia Walk just now from the road, and I noticed for some reason now and not earlier, that the plastering (or is it just the paintwork) on the exterior walls looks a bit wonky - lots of bumps and unevenness generally on the surface. This is especially obvious in the sections with bright colours. Is it just my eyes or what??

This post has been edited by PangurBan: Apr 4 2011, 03:07 AM

Trigon sales is totally stagnant now, latest update still 40 biji durian jual, this time really hit the wall liao

For me this SW nothing special.

For me, Midvalley also nothing special, only big, but still so successful

Just an example... not comparing SW to Midvalley..

Puchong people like enough lo.

Correct, I couldn't find any malls is special in KV, if really want me to choose, I would say The Mines, quite ''special' but also ''special Wong" lor
Look at IOI Mall, this Mall has nothing at all except JJ, but wat to do, Puchongites really really found no places to hang around aleli unless they willing to travel further, another example is Boulevard Overtime, nothing unique, but everytime FULL house, just indicates that the growing population in Puchong needs places for entertainment, dun care whether the place is stylish or vibrant anymore.
SW to cater for 20% of Puchong people cukup makanlah..
My 2 bakuli..

This post has been edited by UFO-ET: Apr 7 2011, 09:09 PM

Setia Walk shoplot getting CF very soon..

Please update if any shops open. Will go

Looks good!

What is the selling price for 1138psf high floor now?

More SW pics uploaded by the leasing team... http://www.facebook.com/media/set/?set=a.1...&closeTheater=1

SP Setia launched official Trigon website here :
Trigon, Puchong

More photos there

I disagree SW will be a runaway sucess. Below are the reasons:-
1) Special mall nearby Puchong - got Sunway Pyramid mar.
2) The income demographics for Puchong is mainly lower middle to middle income earners only (majority) and cannot be compared to places like Subang Jaya or 1U. I notice somebody compare the prices of escalating homes to rising income level. This is wrong. Many of the owners of puchong houses especially those in Kinrara and Puteri are first batch house buyers for own stay. That means they bought the houses at RM 4++k only. Even if the houses inflates to RM 700k does not mean household income for these people increase propotionately. Remember, many of them bought for own stay!
3) If u rely on the 20% of Puchong people to go to yr mall, sure die lar! How to support so many shops? No doubt (at least for the 1st year) there will be a lot of people. (Coz new mar). After that people will start to disperse. Out of the 20% how many will actually buy stuff? i guarantee many of them window shopping only. If SW continues to position themselves as a "high class" mall, they will suffer in the long run. See note no. 2. The mentality will be shop in Giant or Tesco and window shop in SW. (maybe good business for cafe lar). For branded stuff go sunway pyramid or Mid valley
4) SP Setia does not have enough experience running a commercial property. IOI does. Some argue SP has malls doing well in setia alam/eco park. But u must remember setia alam/ecopark is a enclosed area where there are not much competition. Puchong has subang jaya and IOI part of puchong within stone throw distance
5) SW Concept is good. but like all concepts it gets old after a while and once new malls are built. The question is can they sustain the traffic. Based on their current portfolio and experience, i doubt so.

Friend, do you really know or study the income bracket for Puchongites? Have you read the latest survey and study on how much averagely earnings for those staying in Puchong? It is claimed that 70% of those staying in Puchong household income is RM7,000 and above and you claimed that as lower to middle group? Yes, first batch purchasers are getting cheaper price at around $400k but do you know that the subsequent phases is selling between $500 - $700k? Not to be forgotten the semi-D and bungalows. Some of those buying first batches already dispose their unit at higher price to new buyers which are affording $600k and above for the house. If you comparing Subang and 1U houses, don't you think they bought their unit even cheaper last time at between $150 - 300k many years ago which means their income is even lower than those staying in Puchong? If I'm not mistaken, Subang terrace houses last time sold between $100 - $150k only..so what do you think?

I notice that the highest "spending power" group (for daily needs except car + house) is age 20-35, they form the majority in purchasing latest electronic items, car accessories, cloths, decent cafe like PPR and Old Town, travelling etc, although they earn less (<5000) but majority no savings.
I agree that Subang is well established, the percentage/number of rich uncles and unties is higher than Puchong, their income is much higher, but it does not means that their spending is high too...(I know they saveeee a lot in the bank or they owns many properties)

Back to Setia Walk, let's see wat will happen after 2 years (after the cinema, karaok, fitness centre and those apartments are ready and fully occupied), it is still too early to judge.
I put my bet, 90% success rate

This post has been edited by UFO-ET: Jun 1 2011, 11:20 AM

I disagree with yr rationale

1. My definition of lower middle and middle income group earners based on current inflation and escalating prices is as below:-
Lower Middle - combined HHI of up to RM 5,000 p.m.
Middle Income - combined HHI of up to RM 10,000 p.m.
Upper Middle Income - combined HHI of up to RM 15,000 p.m.
Upper class (elite) Income - combined HHI of above RM 15,000 p.m.

2. Like I say, most demographics of Puchong are for OWN STAY. Sure there are people flipping properties but the % is not significant

3. If u rely on those staying in Bungalow and Semi-D for business, sure die! How many household are there staying in Semi-d/bungalow? How many units of Semi-D/Bungalow are there in Puchong? More than the terrace houses? Are u sure?

4. Subang is such a big place. the RM 100-150k is only located in certain parts of Subang. Or should I say, the demographics of Subang represents a more mature demographics with many in the middle income group (defination above). Same goes for 1 U.