pics above: Land clearing at Bukit Ceylon for the UMLand-MMC JV project
Location wise, the UMland-MMC JV would do better, being situated at the corner. I believe Wingtai's plot, although bigger will pose a huge traffic problem in the future as Jalan Ceylon is very narrow. With over 1000 units promised by Wingtai Asia on their plot, it will be a squeeze to get out of the building. However, I regret UMland-MMC JV had to clear a huge part of Bukit Ceylon for this project. Not so nice for the environment.
Both these projects are situated on an exclusive part of Bukit Ceylon. The quieter end which is also home to the Sultan of Pahang. It is less than 1km walk to Pudu Raya and the Masjid Jamek Star and Putra LRT stations. Regency Towers which is beside the Wingtai Asia plot almost always enjoys 100% occupancy.
With the recent increase of oil prices and the uncertain economic future, I am also curious how these 2 projects will perform when they are launched. There has been some news in the market that Wingtai Asia may consider build then sell if the economy is not good. They certainly have the cash to do this and it may turn out to be a wise move as within 3 years time, we would almost certainly risen out of any economic slowdown. The trend for property prices in KL have always been higher after recovery from an economic crash.
Meanwhile, I have registered for both launches and waiting for their announcements. Whatever the situation may be, I would like to grab at least 1 unit from either development facing East as I believe these would be hugely popular with the morning sun and KLCC/KL tower view. Even if the economy is going to the dogs for the next couple of years, it would be a very nice place for own stay...