Recently I've just found out that Tambun Indah has a new website for its Pearl City. It is quite nicely done.
In my previous post I mentioned that we might see the first condominium in Simpang Ampat soon, perhaps after 2 years time.
However, if you look at the latest Pearl City master plan below, there is an item in pink colour which is the "Avenue Garden Serviced Apartment".
Latest Pearl City Master Plan
The initial plan for this project includes 4 layout with sizes of 775, 980, 1100 & 1260 sq ft. It should be something like Straits Garden with commercial title.
It is understood that Avenue Garden might be launched in early 2015, which is far ahead of what I expected.
How will potential buyers respond to this project? I can't be too optimistic as it does not come with a residential title, unless Tambun Indah give it an irresistible price.
Anyway, it will be located next to the GEMS International School & a proposed commercial tower which will house Tambun Indah future head quarter. The proposed medical center & under-construction Pearl City Mall will be at a short walking distance.
From now on, I think Tambun will concentrate on its 600-acre Pearl City development. Future launches in the pipeline include Rain Tree Park 2, Pearl Tropika, Pearl 28, Central Avenue shop offices as well as Avenue Garden suites.
this is quite interesting, but fear of property market too.
ReplyDeleteI think market will shift to "more affordable" & landed properties, location also always important as always. But have to be cautious..
DeleteThe main problem is still small access road (jlnTasek and jln Tasek Mutiara 2) from Pearl City to Federal route 1. Tambun Indah should look into this problem if they want Pearl City to be successful.
ReplyDeleteKelpa you're definitely right. That's really a concern now as population in Pearl City grow.
DeleteJln Tasek & Fed road junction will be widened to 4 lanes later, with the old shops demolished, but not sure when... I heard that there is only one owner for those shops, hope it's true.
Also as Tambun has just bought over the land south of Pearl City, hopefully it can quickly build another connection to Starwalk commercial area. I believe in 1-2 years time Pearl City will get another link to the new Jit Sin branch & Valdor.
need to "suck" a lot of money into VIP pockets
ReplyDelete