Sunday, 26 January 2014
This is the latest master plan of Pearl City.
For its residential component, upcoming project should be Rain Tree
Park, which is a luxury gated & guarded community. Pearl Tropika
which is adjacent to the Rain Tree Park, should be lower cost non-gated
development.
Currently Rain Tree Park has been opened for registration. It
comprises duplex villas, double storey terrace and link semi-D. There is
still no detail on its site plan, pricing and GDV.
For its commercial component, other than Gems International School,
there are also proposed medical center and retirement village next to
each other.
Though Pearl City mall is still in planning & negotiation
stage, its surrounding Pearl Avenue shop offices are all sold out and
its construction has been running fast.
There are 5 units of proposed drive-through/commercial buildings besides the mall. It will be nice if McD comes in.
Tambun Indah's most recent launch, Bukit Residence, a gated &
guarded development at Bukit Mertajam hot area Song Ban Kheng road, is
receiving encouraging response. Its double storey terrace price starts
from approximately RM500k.
Thus, I think Tambun Indah will be able to produce good financial
results in 2014, even though a lot of projects have been completed in
2013. To continue its growth, it needs to purchase more strategic
landbank for future development.
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