haha.. so many ppl jealous this project meaning tis project is super good… lol!

@Ayesha
Ka ki kong ka ki song…

Many competitor jealous this project…release many bad news lol

i wonder who is the competitor..

Nothing to be jealous over this project. Their progress is slow. Behind schedule. That is an important topic to take note. Changing of contractor is really a bad sign of the projects progress. During the transition, valuable time is wasted. Equals to delay!By right developer should secure their contractor till completion.

Buyers no need to focus on completion in next 24 months yet (still too far away), just monitor current progress closely first.
Currently, the steel structures for the column pillar were already built. The next thing will be the casting of concrete to the cover the steel structures to form reinforced column pillars which will take at least one week for them to fully hardened and strengthen. When all the concrete column pillars are up, then only, the concrete slab of 2 feet thick for the ground floor ceiling (1st floor base) to be built, that will take also 1-2 weeks at least. If finished, by then, the ground floor frame structure is completed and the process is to repeat.
So, this should be the milestones and activties for Dec; if it’s not happening, then it means progress is too slow/delay again. If yes, then it’s good progress and good sign. Just monitor, ok.

for those buyers, the fact is you are bound by the S+P. There is no escape, therefore have to think of how to form a pressure group to the developer, not sure whether there is legal rights to force the developer to be answerable. Otherwise it is pointless to debate whether it is on or behind schedule. So what if delay? and further delay and further delay…… question is what can you do about it ? every project comes with risks, and the difference is whether these risks are identified and addressed. The risk here clearly is delay and the causes can only be either one of or combination of factors, i.e inefficient method of construction, poor planning, shortage of material, shortage manpower and or cash-flow ( prompt payment to contractor ). Also worth noting that the nature of the contracting strategy will also dictates the progress, e.g is it a supply labour only or a ” pau ka liau ” , one main contractor or many sub-contractors and most important the contractors’ experience. Giving the job to a inexperience and/or financially unsound companies and/or at too cheap a price will only compound the risks. The longer the delay the higher the risk will become, e.g as cost of construction will go up …. to a point where budgets may go way out, then the development will suffer !………… Just my two cents experience to share. Good Luck.

site progress so far so good, everything is on track, good news.

Yea….wish we could obtain the OC as per the schedule…:)

Got new update on bmcity web site…Seems likely on track.
http://www.bmcity.com.my/category/site-progressing/

Got new update at their web site.
http://www.bmcity.com.my/category/site-progressing/

Saw 2 big crane working hard in site..

Yes, from web site pictures, this is working / constructing. Past few months ago, it was not.

YES, That’s new updated pic from website, Look different from august till Now. Pls check the website bmcity.com.my . All the best .

Maybe end/Dec 2013 can see the second floor already?

for sure we can some bright

The construction work run smooth. Half of 1st floor already done.

vios :
The construction work run smooth. Half of 1st floor already done.

suddenly speed up? maybe the developer saw too much -ve comment here, haha.

Some section, ground floor still not yet completed. Some section, 1st floor already in progress. So, by end-Dec, won’t see 1st floor yet. So, the speed is still normal but it’s still good progress where you can see busy construction works everyday, unlike last time. So, let’s see by end-Jan, CNY, how much more the progress.

2 years and only the first floor! Amazing! This must be a record of sorts. Never seen such slow paced development

The lower level is car park. Developer need to use pocket money to proceed the work sure will be slow. After this car park level the progress will speed up because can claim progress from the bank. Haha.

@engineer
Not sure what you meant! By slowing down progress will help the developer ????

developer’s pocket no money the progress work how to speed up?

QS,
what engineer meant is that those first 5 floors are multi storey car parks that not owned by any condo buyers. So, during construction time, developer has to bare the cost themselves. If finance is poor, cannot speed up lah. When reaching condo (level 6 onwards) construction, progress payment can be claimed from buyer’s bank, so can speed up lah.

Well, if really developer does not have pocket money or not financially strong, don’t lah become developer to build such big project and make buyers suffer. Start lah with small project first.

This project in trouble. So obvious it will be delayed. Just hope it wont abandon can d..

@engineer Please do some home work on the project. The ground floor and 1st floor got 40 units of commercial shops. Don’t simply put nonsense comment just to defame.

@Donald Teo 2 years? as i know the project is only launch for 1 year. Do you have any evidence to show?

So pity to the developer, i think they must be offended to so many people. That’s why get defame by many parties over the blog. Well, trust your own eyes and do site inspection will help you to sleep well.

@engineer bro, why say so?Since the sales rate is very successful, developer will just bill progressive payment to customer/ bank to claim money for construction. If the sales of a project can reach over 60%. then, the developer is only sit and waiting to become rich…
Developer is now waiting the progress to complete faster and claim all the profit. This is common sense.

I am the real BM Observer posted on Jan 1, 2014 at 17:43 (no.24) replying QS question but DID NOT post on Jan 2, 2014 at 10:13 (no.28). The latter is the fake BM Observer. Use lah your own ID if want to pose, not cowardice.

Hi Admin,
Pls take note and help.

BM Observer :So pity to the developer, i think they must be offended to so many people. That’s why get defame by many parties over the blog. Well, trust your own eyes and do site inspection will help you to sleep well.

You are fake, imposter BM Observer lah. Why use my ID to post ? Create and use lah your own ID. Why want to confuse peoples ?

@Architect
This shops unit all keep by developer. They claim their A banker & paid by B banker but still want to paid the interest to bank B & still want to use their pocket money to paid the construction progress work.

Last night got police go to site checked worker’s permit, don’t know got arrested or not.

@engineer Now i know, why my friend ask me to stay away from the blog. All false info given and trying to defame others. I am one of the buyer on BM CITY shop house, if you dare to show face, i will show you my sales and purchase agreement. Let’s meet at developer’s office and i believe developer will prove that the sales of the commercial shop. Not as you said, all keep…BTW, What is they point for them to keep??? You have no common sense at all or you are not meant what you write…
You may write in Mandarin if you are poor to interpret in English.

@Architect
engineer got his point also. Rather than sell with guarantee 10% return, must well developer keep it & rent to others after CCC pass.

So many negative comments here…..
Actually what is the condition of the project now??
> Sales/Buyers??
> Schedule??
> Risk??

Is this project worth to buy/invest?
Pls advice…

@GAZE CORP.
Just walk away and never turn back.. This place is doomed.

@GAZE CORP.

Just ignore those stupid n negative comments here, go to site to see with ur own eyes. the location of this project is good, even though Aeon will move away, but new oversea hypermarket will take over, beside a empty land on Aeon will got new project but i’m not sure what will build…

I’m a buyer of this project, yes, the project took longer time for pilling, but now the progress will be running fast after 1st level up.

@GAZE CORP.

The overall property market has slowed down. In the latest report for Q3 2013 (Jul-Sep 2013), there is about 4000+ property transactions in Penang, as compared to the peak of 9000+ transactions in Q4 2011. 4000-5000 transactions per quarter is the norm for Penang.

In the meantime, cooling measures by regional gov is expected to yield results. The Economic Times reads…..

“…..The number of properties sold in Hong Kong fell by more than a third last year to a 17-year low as a drastic increase in tax on home sales, introduced to tackle rising prices, easily outweighed discounts offered by the city’s property developers……”

“…..Forecasters expect the downturn to continue this year. With tycoons like Li Ka-shing warning of the impact on his property business, in November Deutsche Bank said Hong Kong home prices could drop up to 50 percent over the following 12 months…..”

@GAZE CORP.

whoever comment here is all nobody, since so many people saying that got “shadow” is stealing their identity & made fake comment here, we can’t trust it very seriously.
So, go to the site & office, ask whatever detail you need, and make the decision you think is right.

Now BM City launching thier units again. You can see so many banner nearby Bukit Mertajam town. Already don’t know how many time their launcing thier property. I think their still got a lot of units. Wait & see. Maybe can get some offer on CNY.

engineer :
Now BM City launching thier units again. You can see so many banner nearby Bukit Mertajam town. Already don’t know how many time their launcing thier property. I think their still got a lot of units. Wait & see. Maybe can get some offer on CNY.

This project has been launched quite long time back, so still got units available?

Seeing it when driving pass that area, seems the project is running well, almost 3rd level now.

When re-launch and the pricing schemes ?

@Searching

wondering keep saying re-lauch? It’s just little promo for clear the balance unit.. not much units left only. I jst went to the office last Sun.

@Ayesha

ok. thks. oh i see it now. Not keep saying re-launch, i just use the word once only due to engineer said “Now BM City launching thier units again”. I saw banners everywhere, so many, so thought big promo. Ok, since not much units left, i think i no need to drop by their sales office anymore. thk.

Just bought a unit in block B 13 floor …cantonese means “one’s energetic alive” with special discount on certain special selected unit….This is my second unit after bought a shop lot there, This will serve as a my hide out for relaxation and fun….. This will save money from joining swimming club and gym…

val :Just bought a unit in block B 13 floor …cantonese means “one’s energetic alive” with special discount on certain special selected unit….This is my second unit after bought a shop lot there, This will serve as a my hide out for relaxation and fun….. This will save money from joining swimming club and gym…

Respect u have the courage to buy from this developer.

Please let me know why you have doubt on this project ? BM Mahkota further up the cost is more expensive than this… It does not takes guts to buy, it just takes common sense.. which is too rare to be too common to find these days….
FYI MBB investor had already bought over 100 units too.. it just takes common sense nothing to do with guts….

agree with you val, i m also a buyer at bm city , just have a small group people jealous us .

Hi, I just sign up for an apartment and the commercial lot. This is an excellent project ! Cheers

suddenly few persons pop up telling they had bought the units, same timing… suspicious.

I bought a 14th floor unit at Block A

@Duck
HI Duck,

Wondering when did you buy your unit ? Just this month or 1 year ago, during the first launch of the project. ?

My unit floor 13 Block B, just bought with special discount… work out per square foot about 280 RM.

The project movement is too slow. Dangerous !!

Dangerous not because of price, because of whether they can complete or not.

so far i observed the progressing is so far so good, only piling time take longer time.. dec 13 build up ground floor to 1st floor n now i saw alrd start build up 3rd floor de… night time also got ppl working and even got worker working there on Sunday… happy go lucky…

When the project suppose to be due? Why so many ppl keep mentioned abt delay?

All the shops lot were sold out completely.. The project bound to complete 2015 end of year.

Base on the project pre sq foot for a luxury apartment it is the lowest around. Good value for investment.

val :All the shops lot were sold out completely.. The project bound to complete 2015 end of year.
Base on the project pre sq foot for a luxury apartment it is the lowest around. Good value for investment.

this is the word from developer. you are not buyer.

K pop… I m a buyer.. just bought 2 units, 1 shop lot and 1 suite…

I bought the Shop since 2012 FYI.,, you can check per sq foot price for this apartment compare with others around… this is value for Money.. FYI MBI bought 100 Units also, please google before you talk.

https://www.facebook.com/pages/MBI-Realty-SDN-BHD-BM-City-Mall-Penang/426707394084663?rf=183576708424642

i bought 10 units, 5 shoplot, 2 kiosk and 3 suite…

talk the bad things , same people happy at here , talk the good things , you are the developer . i m a buyer here , trust and belive our self, go to the site see with our own eyes .

What Val said is true, i’m follow this forum since the from beginning…

Only wondering y u ppl always keep said delaying and ur purpose is, clever ppl will know it.

I’m one of the buyer too.. really not much units left for the suites. for those who interest must be act fast.

economic crisis could be coming soon, the western capital imperialists are hatching up plans to attack our currencies and stock markets, be wary….:)

@TuaKong Are you one of the `capital imperialists’, if not how you know their tactic?

Anyone know site progress so far? Already 3rd floor or?

site progress is good , so far i can see the 2nd floor car park , same place only 2nd floor shot lot .

@stevan
are you a buyer?

I may be one of the latest buyer. Just signed S&P on 15/2/2014 for Tower B, 20th floor.

Which suit type u bought for tower B?@KSPG

Uni, I bought type A, 1441 sq feet.

@Uni
I bought type A, 1441 sq feet.

@Pg Islander
how much u bought? after rebate how much? free legal fee, DIBS?

@buy buy buy
I pay Rm430,808 for my unit. DIBS is not allow anymore. Free S&P agreement, Free legal fees and stamp duty on loan agreement.

@Pg Islander
When u Bought it ?
Type A 1441 sq feet Rm 430,808 is worth for buyer….so start for installment bank? Coz I bought under Dibs when Oc pass just start for payment…

@Uni
When you bought this unit under DIBS? Can anyone tell me how is site progress so far? Thanks in advance!

Im a buyer in Tower A. My hubby visited the site last week. The progress is good and he had seen level 3.

@Uni
I bought on 2/2/2014 and looking for best bank loan deal now. You bought under DIBS?
How much you pay for your unit and which type?

@Pg Islander
I bought on 2013 January , type D Rm 36x,xxx under DIBS . Tower B 9 floor. 1174sq feet
@ 2014 buyer
The site progressive good …..

Anyone know which bank provide the best loan deal?

BSN offer me loan for >$300k, 1st & 2nd year BLR -2.55% and BLR -2.4% 3rd year onwards until end of loan tenure. Sound good!

It,s best deal for bsn bank, I onli get BLR -2.3%. When u start the payment loan installment ? After completed the project bmcity?

So great finally this forum is turn to green light, all the positive comments and real buyers are finally active here… HELLO all my neighbors ^_^

Hello fellow neighbors. Great to hear from all of you – a genuine buyers. I visited the site this afternoon and noticed Groung floor, L1, L2, L3 flooring fully completed. Section of L4 flooring near Aeon also completed. Both sky-cranes are busy working.

@Uni
My loan is progressive payment thus will start when bank release the money. If your loan is under DIBS, then it is better deal.

I am a buyer. Refer photo of site progress taken today: http://tinypic.com/r/zl51d3/8

Been reading this forum for some time…. hopefully no more thread bashers…

@Pg Islander

Are u bought this for investment?

saw news that Jusco Popular close soon and some other shops as well, is that right?
just wish to know the real situation.

@Egg
Walao…u don’t know meh?

But heard that mall took over by Giant, is it true?

@Egg

Jusco is closing down and Capital Mall is taking over. Gurney Plaza is one of Capital Mall. So no worry about it.

Capital Mall wouldn’t invest in this Bandar Perda. The developer (Perda) is not managed well thats why Jusco also run away. I think just Econsave replaced Jusco only.

I saw BMCity booth at Sunway Carnival recently (last week?). If Capital Malls Asia is taking over, then things should be heading to positive direction. Honestly speaking, the current mall’s management is not very good, take Sunway Carnival for comparison, Jusco Perda is bigger but pretty dull. Good thing though is there is still decent crowd flow.

@2014Buyer

wondering where the news come from… and how true the news is… so far no official news announce.
If really Capital Mall, it is much more better than current management, but some others saying Giant? Econsave? hmm…

@Egg
I got this news from a very close friend of mine. I’m not sure how true it is. If true, then this would be a plus point for Bandar Perda. We shall wait and see.

@Uni
No I bought it for own stay. Believe or not, I bought this unit without even know where is the actual location. Only heard is in Bandar Perda. I bought the unit based on the concept, club house facilities and cost per sq. ft price. Hopefully the developer can emphasize on the quality of work.

I heard the mall was bought over by Spore company Temasek who own Capital Mall. Aeon is moving out around June’2014 and Parkson is coming in. If this is true, then it is a good news for Bandar Perda. Temasek is an investment arm for Spore government and it very very rich.

Pass by the site today and U know what.
Ha ha, floor ceiling for commercial lot only around 10 feet only.
This is old floor high design. Shopping mall min floor high shall be 15ft lah.
End up the building just like pacific mall or midlands in penang.
Wonder who is the Arch?
So Sohai.

@Pg Islander
How Can Temasik buy over the mall as it has been sold every individual lot inside the mall to individual buyer.

No lah, in fact, Temasek is paring down their investment in Msia malls because rental has already hit ceiling. Notice the increasing vacant lots in he malls. A few reasons for that. One would be there are increasing mall space due to over built. Another one is local income has not caught up with mall rental, so mall businesses can’t survive with increasing rental, so no choice but close down.

Rebutting the claim of shop office ceiling of around 10 feet only. If you look at the actual work completed, you can clearly seen that Ground and 1st floor (shop offices floor) are about 40-50% higher than 3rd and 4th floor (car park floors). If the claim of shopping mall ceiling is about 10 feet heigh, then the car park ceiling will be about 6 feet height. This does not make sense at all. You must be mistaken 3rd floor, 4th floor as shop offices floor which is grossly inaccurate.

@ Talk Siok Nia,
If the ceiling for commercial lot only around 10 feet only and the ceiling for carpark is about 6 feet. Then after I park my car, I will need to craw out to take lift…Haha…
Go and see again…

Are you also buyer?

Bunny, We also need to thank whoever keep an eye on the project. They are giving all the buyer FOC services.

Is there any referral fees if existing buyer introduces a new buyer?

You intend to buy one or have potential buyer?

@Pg Islander
so, the commercial lot only at ground and 1st floor?

@Andrew Kok
That is correct that commercial lot only at ground and 1st floor. For main entrance which is extension from the main building block, the shop offices are from ground to 4th floor.

I hope developer will update their site progress on their website (www.bmcity.com.my). As there is only December 2013 and January 2014 site progress up to date.

Monthly update on the site progress in their website is reasonable. Hope someone from Developer take this request to their management for action. Thanks in advance.

Read from the paper, last 30 units hot selling, 268 per square (after rebate)

Rm268/sq ft is cheaper than what I paid for. Very good deal but the unit may be facing afternoon sun. They also got free sauna at night during the hot session.

last week i call and ask most cheaper unit 800+sf also 320k+ before rebate, last 30unit selling cheap? can i know wat paper u read? 2morow will call again…

Hi all,
308k for 871sf,include 1 car park only…is it worth?

Penang :Hi all,308k for 871sf,include 1 car park only…is it worth?

308k for 871sf, RM350/sq ft, wer gt RM268/sq? cheat ppl again…zzz

They said 308k-20k(for car park),so is RM330 per sf…is it worth to buy?
RM268 per sf is another type..

@Penang

can share what is the type which cost RM 268 psf

They said is type c(1272sf)…but i count after rebate,price is RM290/sf.

@Penang
Really? 1272sq feet Onli price Rm290?

Last year I bought 1174sf Rm310 after rebate… Which tower u asked? Nice view?

Just sharing what I know, in the recent promotion for 2 rooms will get cash rebate of 3 %, 1 car park, free legal fees on S&P agreement, free legal fees & stamp duty on loan agreement.

For 3 & 4 rooms, cash rebate of 7 %, 2 car parks, free legal fees on S&P agreement, free legal fees & stamp duty on loan agreement.

I am not sure at the end it will turn into RM263 per sq ft after rebate or not. But I think even if it is around RM300 per sq ft it is still worth to buy this property.

Tower A,its facing to Jusco…

Hi all,
BM vs Butterworth-which location is better for invest?

@Penang

Invest? As in 15-year investment, OR “flipping burger” investment?….:)

Sunway had bought land around bandar perda and eventually will be a developed into a township. If you are long term investor, then it is a good buy. I heard this project, the developer is making good profit and they are spending a lot of money to make it a landmark shopping mall. They spend ~Rm10 million on LCD display alone and this mall is going to become tourist attraction mall.

@Pg Islander

If you’re talking about long term, you should forget about BM. Batu Kawan is the future…..:)

Pg Islander :
Monthly update on the site progress in their website is reasonable. Hope someone from Developer take this request to their management for action. Thanks in advance.

Thanks to their management for the site progress updated. February 2014 site progress on track.. Please check it out www.bmcity.com.my

@2014Buyer
Thanks to BM City management for their quick respond. This save a lot of explanation and brush off speculation on the slow progress. Looking at the photo between Jan and Feb’2014, the progress is reasonably acceptable from my personal view point. I know nuts about this type of construction and those in this field may educate us.

Anyone know how many unit left?

@Brendan8888
Still left about 20units,if not mistaken..just visited their sales office last few days.

This project is under commercial suite types… so it same level with condominium or just like normal apartment?

@Penang
As long as there is full facility then it could be consider as condominium?
I was told that this project have more than 30 facilities to enjoy.

@Penang

How much the condo per sq feet right ? Depends of the view side?

Pg Islander :@buy buy buy I pay Rm430,808 for my unit. DIBS is not allow anymore. Free S&P agreement, Free legal fees and stamp duty on loan agreement.

Hi, may I know the RM430,808 is for which level? Is that the price after the rebate?

TSO :I am a buyer. Refer photo of site progress taken today: http://tinypic.com/r/zl51d3/8
Been reading this forum for some time…. hopefully no more thread bashers…

Thanks for the photo. I think the progress is on track, moreover the units are almost sold off now.

@Sati
I paid Rm430,808 after rebate for level 20 facing Aeon.

@Pg Islander

You paid RM430k for an apartment in BM? That’s pretty stoopid…..:)

Pg Islander :@Sati I paid Rm430,808 after rebate for level 20 facing Aeon.

that is a very good deal.

aeon is closing down.. your money is flushing down to drains… absoluyely not worth that price tag

not_buyer :
aeon is closing down.. your money is flushing down to drains… absoluyely not worth that price tag

Is that your money they used to purchased this property? Are you God of fortune and know what is happening in future and also know how worth it is? IF NO, THEN STOP GIVING NEGATIVE COMMENT.

@Brendan8888

few competitors here to always left negative comment here, it’s obvious! jst ignore them…

I found that the interior of the mall is still good and presentable, so it is good if the existing runner who is not aggressive to move out and change a better one.

Very interesting to note that non buyer also interested in this forum. I never involve in any forum if I have nothing to do with it.

@not_buyer
I intend to invest in another condo around BM area. Do you have any recommendation?

@Pg Islander

Hmm…..it seems you’re not surprised nor enraged by the highlight of your stupidity. That’s suspicious!

Well, non buyers should normally have no business in projects that they did not buy, but some people might think developers/speculators have pushed things too far, to the extend of endangering the whole investment climate…..:)

@MasterShifu
Ha Ha Ha!

Hi, I am Ling from the BM City Mall project sales team.
For your Information, 95% sold out, however, shop and some units still available with the selling price at RM400k above.
Great news booking only RM5,000 and get 7% rebate from developer.
FOC: legal fee, S&P and stamping fee are free, and no any other hidden charges include agent handling guides.
For more detail, Please kindly contact me, Tel: 012 5182612 or visit me in facebook

@Ling </a
How much per sq feet for condo right now?

@Ling
Is this booking fees, rebate and others free charges are the same promotion during last month CNY road show in Gurney Paragon?

Hi, I have created a fb group for BM City Mall, I hope those who already bought BM City Mall can join in.

To go to the group you can search “bm city mall (buyers group)” in facebook.

@Sati

I think is better the “bm city mall (buyers group)” fb group only open for real BM city buyer.

@Sati
Thank you for taking the initiative to set up the buyer group in FB.

@Ling
Got any promotion for type E ?What is the nett price ?Which floor ?

Ayesha :@Sati
I think is better the “bm city mall (buyers group)” fb group only open for real BM city buyer.

I also wish only the real buyers are in, but how to verify?

Pg Islander :@Sati Thank you for taking the initiative to set up the buyer group in FB.

I hope more ppl can be the group admin in future, let’s start from here first. For those who cannot find the group in FB please email me tyteoh66@gmail.com

@Ling
Ling,
You’re also selling Cassa Maya project ? Are you agent for both projects ?
For BM city mall, S&P legal and stamping fee are free ? What about loan legal fee, stamp duty and MOT legal fee, stamp duty ? What is this no any other hidden charges include agent handling guides is about ? Thks. Hope u can clarify.

We have new buyer join in the facebook BM City Mall (Buyers Group), for those who are not able to find the group please email to tyteoh66@gmail.com

Latest photos are posted in the fb group of “BM City Mall (Buyers Group)”, we welcome all buyers to join this close group. email tyteoh66@gmail.com if you cannot find it.

so slow this project? many years already

I heard parkson will replace jusco@bandar perda, right? Will open in oct after building renovation. Anybody can confirm that. Tq

Yes, I heard mydin also. Whatever, this is good for BM development .

@TL
Thanks for ur information….hope so parkson after renovation done, will better than b4.

TL :
Yes, I heard mydin also. Whatever, this is good for BM development .

i think if Mydin take over, should be not so good compare to Parkson take over…

@Egg
Good for rental in surrounding area, as it might increase bangla presence.

@JT
Please don’t simply comment, Mydin’s Mall is located at Jalan Baru and the construction up to 2nd floor already.

Anyone know whether shops inside jusco will move together with jusco to alma not or only jusco itself? Any confirmed information which department store will move in?

Yup,KFC will move to Alma.

Guys, I am not sure whether all 100%, but most of the shops have contract with Jusco, meaning to say that they MUST move together with Jusco.

Only steamboat johnys & black canyon will move. Others will remain in seberang prai city mall

I went to the showroom last Monday and saw the site progress in quite ok.
The sale person told me that only few units left.

Planning to invest in this project but still have some concerns:

> This project took two years to progress to around carpark floor. Although current progress
is encouraging, but 2 years for this progress –> seem a bit worrying
> From what I heard, last time the developer said that IKEA is going to open around that
area but finally it turned out to be at Batu Kawan.
> There are so many info on JUSCO moving out. I sincerely hope that the developer or admin
can provide a clear info on what going on (such as which company is moving in & the
future of the complex). This info is important not only for the buyer but potential buyer as
well.

Ikea CONFIRMED not going to open in that area.

JUSco CONFURMED moving out to Alma.

Singapore CONFIRMED take over the AEON Bandar Perda .
Parkson CONFIRM moving to the area .

ABC CONFIRMED is telling lies about Singapore and Parkson.

Is there demand for condo subsales in BM?
Afraid my investment will go down the drain…

Down the drain still salvageable although koyak. This one is down the indian ocean, submarine also cannot help later!

Wow..really that bad? May I know reasons of you saying this?

Is too early to comment about condo subsales in BM as most of the project just launch last year

Latest photo posted in fb group www-facebook-com / groups / bmcitymall (please replace – with . and remove all spaces, have to do so if not cannot be posted).

Blue :
Down the drain still salvageable although koyak. This one is down the indian ocean, submarine also cannot help later!

Haha. You must be an idiot. User name also blue, just like an Indian blue ocean. Tell you what? You must be a competitor of other project try bashing other ppl here. Just forget it. Ppl know well what you are trying to do. Investment is always a risk investment, but I believe BM City will be doing well in future. We may never know. I won’t be surprise.

ABC :
Singapore CONFIRMED take over the AEON Bandar Perda .
Parkson CONFIRM moving to the area .

DEF :
ABC CONFIRMED is telling lies about Singapore and Parkson.

You must be DEaF that you don’t hear anything or might even know nothing…. Why are you so sure he is telling a lies? Any proof? We all don’t know who is taking over Jusco Perda even though there are rumors saying that CapitaMalls / Parkson will be taking over.

@2014Buyer

Hahahaha….CapitaMalls?? Huahahaha…….ok, up to you. By the way, a deal will be signed for something big in Batu Kawan soon by CapitaM. Forget BM lah, lau beh chia (old car) liao. Hawkers, lau ah pek, gandsters stay in BM loh. But the future has already shifted to Batu Kawan!….:)

hey Blue fish, I confirm ur brain size as small as H1N1 virus

frankly speaking as a BM people. BM population now and few years back is same. Not many youngsters stay back in BM. all working else where. uncle aunty wont spend much money at retails shop. Plaza Utama & BM plaza for example. Jusco is magic, it open anyplace also will be well patronized

Riang :
Guys, I am not sure whether all 100%, but most of the shops have contract with Jusco, meaning to say that they MUST move together with Jusco.

if all those shops move together with jusco, there is chance that building become next plaza utama or BM plaza

Hello Blue fish and Deaf . I confirm u r the virus of competitor . Just simple talk the rubbish .b4 I buying this BM CITY , I also scared a lot of thing. I confirm and check by my self. ASIANIA MALL( AEON JUSCO) is take over by Singapore under Malaysia company HEKTAR REIT BHD . u also can try ask all the shop at Jusco , u will know what happen after SEPT 2014 .

Hey Blue,why u talking so childish and no manners…what is ur age actually ? 13 or 15 ? Haha
If u are not a buyer,pls stop making nonsense…GET AWAY FROM HERE !!!

Well this is the long term worst part…i wonder how much is the assessment(cukai pintu) for BM CITY, as this project is also bearing commercial title.
At penang 1,160sq ft to 1,450sq ft cost RM2,350 and RM2,884 per yr.
Good luck…
https://www.penangpropertytalk.com/2014/04/one-voice-against-rates/comment-page-1/#comment-216990

@ABC
I personally called the company this morning and they said they are not the mall owner and did not plan to buy this mall…
ABC, Where u get the information?or you just heard other people say this?No argument or personal attack, we just need the true information.
Can some one else help to call to verify again? their contact in website;

Hektar Asset Management Sdn Bhd
D1-U3-10, Solaris Dutamas
No 1, Jalan Dutamas 1
Sri Hartamas
50480 Kuala Lumpur
MALAYSIA
Tel: +6 03 6205 5570

I think it is unlikely that either CapitalMall or Hektar will want to takeover this sinking building. Anyway, those who are interested to know the future of Sebrg Perai City may call to ask Aseania, as this building belongs to them.

Unless you know the top management staff personally, otherwise I don’t think any one will disclose the non published news when you call up.

http://www.guangming.com.my/node/201049?tid=23

For those whose was unsure which anchor will be taking over the Jusco, here is some of the news:

http://www.guangming.com.my/node/201049?tid=23

@2014Buyer

really good news, long waited..

the most excited is the existing TGV Cinemas will be increased from the original 5 to 8 theater

Wow, great news

Malaysia already experience slowdown in properties sale.

price of properties might hit the bottom by 2017

oh, cham liao, that’s when BM City will be completed. I think this place is cursed. Last time, Bandar Perda met with the same fate, left with lots of abandoned properties. Now, it’s BM City.

China Property Collapse Has Begun

Nothing is going right for Hangzhou at this moment. Walmart will be closing its Zhaohui store in that city on April 23 as a part of its overall plan to dump marginal locations—about 9% of the total—in China.

Thanks to the world’s largest retailer, another large block of space in Hangzhou, the capital of Zhejiang province, will go on the market at a time when there is generally too much supply. The problem is especially pronounced in the city’s premium office market. Hangzhou’s Grade A office buildings at the end of 2013 had, according to Jones Lang LaSalle, an average occupancy rate of 30%.

The real weakness, however, is Hangzhou’s residential sector. The cause is simple: massive overbuilding. Sara Hsu of the State University of New York at New Paltz writes that Hangzhou faces “burgeoning swaths of empty apartment units.”

Hangzhou’s market has not yet collapsed. There are still secondary sales, for instance. Singapore’s Straits Times reports Allen Zhao, a businessman, has been looking to sell his two-bedroom flat in Hangzhou for 2 million yuan. His neighbor just let go a similar unit for 1.7 million. If Zhao also sells for that amount, he will make a profit, but he will be disappointed. “That is not much more than the price I paid in 2012,” Zhao told the paper. “Now I’m regretting not selling earlier—more bad news about the property market keeps coming in every day.”

New homes also face price pressure. Developers in Hangzhou are now offering deep discounts, and investors and owners are noticing. And not just in that city. “It seems that the 30% price cut in Hangzhou really changed the way Chinese people think about real estate,” writes Anne Stevenson-Yang of J Capital Research, “and I doubt there is any turning back from here.”

Not every developer is offering such deep discounts, but as Stevenson-Yang tells us the city has become the symbol of a market in distress. China Central Television on the first of this month devoted a segment to the problems of the “unstoppable price decrease” in Hangzhou property in its Economic 30 Minutes show, and discounts in that city, the Wall Street Journal notes, could be “a signal of broader market weakness ahead.”

The real estate market in Hangzhou looks like it has just passed an inflection point. It is not so much that fundamentals have deteriorated—they have been weak for some time—as that people’s mentality has changed.

As state-run China Central Television explained, the problems in Hangzhou, once the world’s largest city, began on February 18. Then, the North Sea Park development began offering deep discounts. Rumors that the developer had cash problems started a chain reaction across the city. It did not matter that North Sea Park issued denials. Other developers began offering either deep discounts or large incentives, but the tactics did not work. By then, there were almost no buyers.

Now, the problem of no buyers is spreading across the country. Sara Hsu notes China’s residential markets are becoming inelastic. “Once consumers stop buying,” she writes, “deep discounts are ineffective in drawing them back.” People aren’t buying because they believe prices will decline further.

According to the National Bureau of Statistics, new home prices across the country are still going up, but percentage increases have now declined for three consecutive months, signaling a peaking.

Official statistics do not seem consistent with the general trend of reports, but in any event severe problems are evidently ahead. The secondary property market has tumbled, with sales falling by more than half in Q1 2014 from the same quarter in 2013. Speculators have either left the domestic market or have sold off holdings. Rich Chinese, now interested in foreign holdings, are also shunning their home market. Foreigners, who own only an infinitesimal portion of China’s property but who are a bellwether nonetheless, are investing at the slowest pace in at least a decade. Middle class Chinese are also largely out of the market.

And that’s not all. China property trust sales plunged 49.1% in Q1 2014 from the previous quarter, from 99.7 billion yuan in Q4 2013 to 50.7 billion yuan. The precipitous fall was due in part to the failure last month of developer Zhejiang Xingrun Real Estate, which had 3.5 billion yuan of indebtedness.

Moreover, just about everyone expects more developers to close their doors. For one thing, the central bank is not injecting liquidity as fast as it once did. And interest rates are increasing, the reason why a Finance Ministry one-year bond auction failed on Friday. Many private developers had gambled that property prices would rise faster than interest rates, but that now looks like a losing bet. Zhejiang Xingrun, for one, became insolvent after it had borrowed at ultra high rates.

China is at the point where problems are feeding on themselves. Pessimism about property, which accounts for about 15% of China’s gross domestic product, is beginning to affect the broader economy. Declining property values look scary, despite cheery statements from government officials who assure us the property bubble is “not big” or analysts who say that the problems are not “systemic.” But the Chinese don’t look like they are buying either of those views. “If this continues, it will have immense impact on the whole Chinese economy,” says an unidentified Hangzhou real estate salesman on Economic 30 Minutes. “Without question, everyone thinks there is a bubble.”

The People’s Republic in the “reform era” has not suffered a nationwide property crash. Analysts say the problems in Hangzhou are “regional,” but now fundamentals and market sentiment either are or will be pushing markets down across the People’s Republic.

“The banking system and the shadow banking system are becoming concerned about exposure,” says David Cui of Bank of America BAC -2.17%. “Once people refuse to provide credit to developers, their balance sheets will be under pressure, forcing them to cut prices. Once enough of them cut prices, fewer people would buy because most people buy property only when they think the price is going up. If this persists, it will turn into a vicious loop.”

Premier Li Keqiang has a few tools at his disposal, but they look insufficient to stop a general collapse of property prices across the country. The problems, deferred from late 2008 with massive state spending, have simply become too large. And we must remember that he works inside a complex, collective political system that is generally unable to meet challenges swiftly.

But that does not matter. There is little any leader can do. Collapses occur when people lose confidence. That is now happening in China.

Follow me on Twitter @GordonGChang and on Forbes

Oi! Don’t be like that lah! Market is already slow, somemore go and post this kind of news to scare people!

by the way, if i had bought BM City, can i sell it now? or have to wait until OC?