Sunday 26 January 2014

Pearl City Update

This is the latest master plan of Pearl City @ Simpang Ampat by Tambun Indah.

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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