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Investment ATRIA SOFO SUITES @ DAMANSARA JAYA, by OSK Prop Holdings Bhd
Investment ATRIA SOFO SUITES @ DAMANSARA JAYA, by OSK Prop Holdings Bhd
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Oct 8 2011, 06:38 PM, updated 15y ago
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#1
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869 posts Joined: Dec 2009 |
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Oct 8 2011, 06:44 PM
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#2
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All Stars
13,761 posts Joined: Jun 2011 |
Any shop for sale???
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Oct 8 2011, 10:11 PM
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#3
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753 posts Joined: Dec 2008 |
sofo units are expected to launch at about 750 to 800 psf.
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Oct 8 2011, 10:19 PM
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#4
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1,137 posts Joined: Jan 2009 |
yup heard was 760 per sq foot onwards. Mad price, but location pretty ok... used to live around there
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Oct 8 2011, 11:16 PM
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#5
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168 posts Joined: Jan 2006 From: 404 Error. Home Not Found |
It has an Empire concept. Under commercial title?
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Oct 8 2011, 11:19 PM
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#6
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1,137 posts Joined: Jan 2009 |
yes would be similar under commercial. Although mentioned 80% loan you can get 85% under Maybank quite easily
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Oct 8 2011, 11:57 PM
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#7
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Oct 9 2011, 01:04 AM
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#8
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3,318 posts Joined: Dec 2004 From: 1Malaysia |
if entry price circa 350k...........think can masuk...........
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Oct 9 2011, 09:42 AM
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#9
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
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Oct 9 2011, 11:35 AM
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753 posts Joined: Dec 2008 |
Maybe 3 units per person la. Humble a bit la.
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Oct 9 2011, 12:05 PM
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Oct 10 2011, 12:32 AM
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3,318 posts Joined: Dec 2004 From: 1Malaysia |
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Oct 11 2011, 01:33 PM
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53 posts Joined: Jul 2011 |
I hope there is residential suites..
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Oct 11 2011, 01:36 PM
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2,856 posts Joined: Jan 2010 |
if after discount 350k should be ok to sapu, i think.
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Oct 11 2011, 01:54 PM
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1,360 posts Joined: Mar 2010 |
smaller units psf should be high. I see RM400k up in terms of pricing.
great area though, concept of the mall should be similar to Bangsar Shopping Center. |
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Oct 11 2011, 09:32 PM
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88 posts Joined: Aug 2010 |
Excuse my ignorance on SOHO/SOFO
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Oct 11 2011, 09:34 PM
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1,360 posts Joined: Mar 2010 |
no idea, expats in my company is still mont kiara. mid to big size units.
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Oct 11 2011, 09:48 PM
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94 posts Joined: Mar 2010 |
QUOTE(Loopster @ Oct 11 2011, 09:32 PM) Excuse my ignorance on SOHO/SOFO Good one! i would love to hear from experts here too. |
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Oct 11 2011, 10:01 PM
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1,784 posts Joined: Feb 2011 |
QUOTE(Loopster @ Oct 11 2011, 09:32 PM) Excuse my ignorance on SOHO/SOFO I really dont see this as a trend. I see this as developer exploiting the lack of clarifications and guidelines from the authorities and numerous loopholes while taking advantage of the hot market. (facilities, carparks, plot ratios, disbursement schedules, construction duration, commercial/retail guidelines, management and security is not clear also) there will be genuine interest in these development but to me most will be used for residentials / storage place / office. why not build service apts (this is bs also, msian service apts), or condos, or offices. why so many SOxx ??? just to squeeze xtra drops of profits of coz. |
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Oct 12 2011, 09:15 AM
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All Stars
13,761 posts Joined: Jun 2011 |
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Oct 12 2011, 09:23 AM
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QUOTE(1ullaby @ Oct 11 2011, 10:01 PM) I really dont see this as a trend. I see this as developer exploiting the lack of clarifications and guidelines from the authorities and yup yup...agreed...better built affordable condos/svc apts and support bijan agenda...affordable home for all...numerous loopholes while taking advantage of the hot market. (facilities, carparks, plot ratios, disbursement schedules, construction duration, commercial/retail guidelines, management and security is not clear also) there will be genuine interest in these development but to me most will be used for residentials / storage place / office. why not build service apts (this is bs also, msian service apts), or condos, or offices. why so many SOxx ??? just to squeeze xtra drops of profits of coz. |
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Oct 12 2011, 09:26 AM
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Lullaby: you could be right but you never really know anyway as we are not the developers. i suppose the genuine interest here is the investors/speculators. The real interest here i really dont know. Dont tell me its called SOHO/FO & the majority of the units are bought for stay?
Nevertheless, im interested for 1 reason only: location |
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Oct 12 2011, 09:30 AM
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2,508 posts Joined: Jun 2009 |
It's been quite some time since I went to Wisma Atria after moving away fm SS2 7-8 years ago until now. How's the situations at that area right now? Last time the place like a bit dead to me, quiet and not many businesses around the premises.
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Oct 12 2011, 10:10 AM
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QUOTE(Loopster @ Oct 12 2011, 09:26 AM) Lullaby: you could be right but you never really know anyway as we are not the developers. i suppose the genuine interest here is the investors/speculators. The real interest here i really dont know. Dont tell me its called SOHO/FO & the majority of the units are bought for stay? You are right, I'm just saying that these kind of things can be exploited by the developer, not saying that not that all of them did. Nevertheless, im interested for 1 reason only: location Genuine interest here I refer to freelancers / mlm / small biz ppl who genuinely wanna utilize the flexibilities of such set-up. To me those buying for own stay, maybe the reasons are they dont have much choice in terms of size and location , or simply its investment cum home stay. But largely I am thinking that investors / flippers will form the majority of buyers. Given a choice, I wont go for SOHO, unless there's genuine USP and I cant get a similar product in the vicinity. |
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Oct 13 2011, 04:35 PM
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Just made a random call. Launching expected to be mid of next month.
According to sales person, roughly 90% of units will be bought for live-in like a studio |
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Oct 13 2011, 05:26 PM
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Oct 13 2011, 05:37 PM
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Really? That's really good news! Can't wait for the launching.
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Oct 13 2011, 06:59 PM
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All Stars
10,777 posts Joined: Sep 2009 |
But MK u have banyak competition
As for this one it's a matured township so to speak |
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Oct 13 2011, 09:31 PM
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753 posts Joined: Dec 2008 |
If we are talking strictly about the DJ area, I would buy more DSLH around DJ, as the DSLH stands to gain the most from the spillover effects from the SOFO and retai maill. DSLH in DJ is going for approx 520 psf, and has a margin of safety vs. other landed neighbourhoods. Plus, now this SOFO with 750 psf comes along, which presents another margin of safety to the DJ DSLH.
I'll stick with boring and un-exciting areas. and if i have spare bullets, i'd consider one unit of the SOFO, as the nominal price of 350K doesn't really have much downside risk. |
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Oct 13 2011, 11:18 PM
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QUOTE(Phoeni_142 @ Oct 13 2011, 09:31 PM) If we are talking strictly about the DJ area, I would buy more DSLH around DJ, as the DSLH stands to gain the most from the spillover effects from the SOFO and retai maill. DSLH in DJ is going for approx 520 psf, and has a margin of safety vs. other landed neighbourhoods. Plus, now this SOFO with 750 psf comes along, which presents another margin of safety to the DJ DSLH. words of wisdom from PJ Property King....kekeke I'll stick with boring and un-exciting areas. and if i have spare bullets, i'd consider one unit of the SOFO, as the nominal price of 350K doesn't really have much downside risk. |
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Oct 14 2011, 02:15 PM
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53 posts Joined: Jul 2011 |
Guess that the price won't be cheaper compared to Glomac Residence which is about 750psf.
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Oct 16 2011, 02:52 PM
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596 posts Joined: Jun 2008 |
atria area is quiet and cramp area and if the sofo is completed will be more congested. for investment or rental is not a good idea/return whereby the area is not expatriate area and if the price of the sofo is high, the rental will not fetch high not able to cover the loan + maintenance cost due to to the high price bought.
one thing bad about condo is the recurring maintenance,sinking fees monthly. in the long run will not benefit the owner unless the rental is high. Rent or no rent have to pay the maintenance monthly, indirectly renting a room nowadays condo where got cheap when purchase new one. rental is low and very competitive. have not included the renovation and furniture & fitting cost yet, another hidden cost. another problem is the shopping mall, if the management cannot get hyper market like tesco, jusco, carefour / any cinema etc to come in, will be another flop shoppoing mall like ss2 mall, or tropicana city mall. Parking is another problem at atria area. very limited and congested This post has been edited by lowyat888: Oct 16 2011, 02:59 PM |
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Oct 16 2011, 05:39 PM
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All Stars
13,761 posts Joined: Jun 2011 |
QUOTE(lowyat888 @ Oct 16 2011, 02:52 PM) atria area is quiet and cramp area and if the sofo is completed will be more congested. for investment or rental is not a good idea/return whereby the area is not expatriate area and if the price of the sofo is high, the rental will not fetch high not able to cover the loan + maintenance cost due to to the high price bought. Boss de tripicana city mall is quite happening le. Hav u been there boh? SS2 mall is dead la. But dun compare like tis. Last time b4 atria is closed, giant super over there was doin quite well but many other tenants not doin well. Doesn't mean a hyper or super ll guarantee good return. Look at summit with giant, or banting Tesco which closed. Dun c a guarantee of anything like all tis solid example.one thing bad about condo is the recurring maintenance,sinking fees monthly. in the long run will not benefit the owner unless the rental is high. Rent or no rent have to pay the maintenance monthly, indirectly renting a room nowadays condo where got cheap when purchase new one. rental is low and very competitive. have not included the renovation and furniture & fitting cost yet, another hidden cost. another problem is the shopping mall, if the management cannot get hyper market like tesco, jusco, carefour / any cinema etc to come in, will be another flop shoppoing mall like ss2 mall, or tropicana city mall. Parking is another problem at atria area. very limited and congested This post has been edited by ManutdGiggs: Oct 16 2011, 05:41 PM |
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Oct 17 2011, 01:55 AM
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QUOTE(ManutdGiggs @ Oct 16 2011, 05:39 PM) Boss de tripicana city mall is quite happening le. Hav u been there boh? SS2 mall is dead la. But dun compare like tis. Last time b4 atria is closed, giant super over there was doin quite well but many other tenants not doin well. Doesn't mean a hyper or super ll guarantee good return. Look at summit with giant, or banting Tesco which closed. Dun c a guarantee of anything like all tis solid example. Yup, agreed. TC mall is not quiet at all ... |
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Oct 17 2011, 10:21 AM
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4,256 posts Joined: Jan 2005 |
offices in TC is pretty dead.
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Oct 17 2011, 11:38 AM
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All Stars
10,777 posts Joined: Sep 2009 |
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Oct 17 2011, 12:04 PM
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194 posts Joined: Apr 2007 |
probably too many shopping mall around. the feng shui also not that good in atria. small plot of land and congested.
that area is not expatriate area, and for sure it wont fetch high rental. investment is totally out. nobody/local people would rent for any expensive rental. giant hyper market is the worst among carrefour or jusco or tecso. tropicana mall is happening bcos of carrefour and the cinema there. people only go there for that, other than that is out. only dijaya offices people go there for dining during lunch/dinner nearby. one word expensive dinning in tropicana, cant afford to daily dine there always. that will be another bottleneck |
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Oct 17 2011, 12:04 PM
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All Stars
13,761 posts Joined: Jun 2011 |
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Oct 17 2011, 12:19 PM
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people are now worried about inflation raising as years to come. majority people earning power is low. to live a decent life with married family and children/ education/condo/cars etc will have a rough road ahead.
developers nowadays keep sms/advertising due to alot of units not sold. everyday receive sms asking to go to their show room and buy their units. very HADAP to sell their units. very annoying. eg mah sing icon city etc OSK PROPERTIES wont be cheap for sure. Buying RM400-600k for a small size condo + other hidden cost furnitures/fitting etc and renting below 2k with fully furnish, its not a good investment around less than 4% or even 3 % return. Put in the $$ in the bank will be much better. Nowadays alot of condo were not rented out and even bigger units is very difficult to rent out. asking for lower price. in KL golden triangle area renting below 2k only fully furnish. what to expect in not prime area. This post has been edited by mlpk: Oct 17 2011, 12:20 PM |
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Oct 17 2011, 12:47 PM
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1,175 posts Joined: Sep 2006 From: PJ SS 2 |
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Oct 19 2011, 02:38 PM
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596 posts Joined: Jun 2008 |
atria should not build shopping complex there. even hyper mart giant was there previously, the building nobody wants to rent upstairs. not to say new shopping complex with of course high rental. RENTAL WILL KILL THE BUSINESS.
PUBLIC LISTED GAMUDA HQ OFFICE ALSO DONT WANT TO RENT. RATHER RENT A FEW SHOPS THERE. The shops besides the SOFO , will be able to see across each other, the shops and SOFO. NO PRIVACY. Traffic around there congested during working hours. OLD SHOPS BESIDES MAKES THE SOFO AND FENG SHUI THERE NOT GOOD. CONGESTED WITH NARROW ROADS IN AND OUT OF SOFO. SECURITY WISE NOT GOOD This post has been edited by lowyat888: Oct 19 2011, 02:41 PM |
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Oct 26 2011, 09:48 PM
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ok, can any one give some comparision of this Atria sofo, eve suite and boulevard residence? which one worth to buy?
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Oct 26 2011, 11:20 PM
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QUOTE(lowyat888 @ Oct 19 2011, 02:38 PM) atria should not build shopping complex there. even hyper mart giant was there previously, the building nobody wants to rent upstairs. not to say new shopping complex with of course high rental. RENTAL WILL KILL THE BUSINESS. finding parking at DJ is nightmare......double park also hardly get during peak hour.... PUBLIC LISTED GAMUDA HQ OFFICE ALSO DONT WANT TO RENT. RATHER RENT A FEW SHOPS THERE. The shops besides the SOFO , will be able to see across each other, the shops and SOFO. NO PRIVACY. Traffic around there congested during working hours. OLD SHOPS BESIDES MAKES THE SOFO AND FENG SHUI THERE NOT GOOD. CONGESTED WITH NARROW ROADS IN AND OUT OF SOFO. SECURITY WISE NOT GOOD |
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Oct 27 2011, 11:46 PM
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Oct 28 2011, 12:04 AM
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753 posts Joined: Dec 2008 |
DJ access is no where as good as DU Uptown.
For commercials - u need more entry and exit points. Uptown is exposed from all 4 corners. Frankly, think the developer is pushing its luck with 750 to 800 psf, indicative pricing. The ironic thing is - there will b people that BBB. |
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Nov 3 2011, 08:06 PM
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474 posts Joined: Nov 2007 |
Phoeni, mau check with you since u r the taikor there.
i noticed there isnt much comparison of "SOxes" (yes i just made that up... |
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Nov 3 2011, 09:58 PM
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753 posts Joined: Dec 2008 |
QUOTE(merce @ Nov 3 2011, 08:06 PM) Phoeni, mau check with you since u r the taikor there. taikor merce.....well, I'm not really familiar with "SOxes".....I don't own any, chief! i noticed there isnt much comparison of "SOxes" (yes i just made that up... But if u ask my 2 cents....wouldn't the nearest prop class to Atria be Trop Suites at SS2? (granted, sudah completed) Am rusty....berapa lui is a tropics studio? 700 psf? If yes....I'd rather take my chances on a tropics studio, or parang a 1,100 tropics units vs. the RM 750 psf pricing at this Atria thingy. Tropics anytime more "wong"....plus critical mass & access is there....I underestimated it earlier.....But, this is just my view....I tend to go for places which are "older, completed and not as sex-citing"..... What are your thoughts bro? You think KD and DP have some hidden opportunities? This post has been edited by Phoeni_142: Nov 3 2011, 09:59 PM |
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Nov 3 2011, 10:52 PM
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if, somehow the old shoplots surrounding Atria mall can be facelifted and improve on the access, it will be quite nice. The location is very strategic.
just that traffic condition will be worsen with such high density (high rise residential) there. |
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Nov 4 2011, 11:01 AM
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QUOTE(Phoeni_142 @ Nov 3 2011, 09:58 PM) taikor merce.....well, I'm not really familiar with "SOxes".....I don't own any, chief! i small kuli only not taikor lah, chief. But if u ask my 2 cents....wouldn't the nearest prop class to Atria be Trop Suites at SS2? (granted, sudah completed) Am rusty....berapa lui is a tropics studio? 700 psf? If yes....I'd rather take my chances on a tropics studio, or parang a 1,100 tropics units vs. the RM 750 psf pricing at this Atria thingy. Tropics anytime more "wong"....plus critical mass & access is there....I underestimated it earlier.....But, this is just my view....I tend to go for places which are "older, completed and not as sex-citing"..... What are your thoughts bro? You think KD and DP have some hidden opportunities? nearest prop class is Trop Suites but those are condo (residential units). price per sqf aint cheap, with 625sqf unit asking for RM420k-500k range suggesting its hovering around 700psf. but i have to agree that tropics seems to be more appealing compare to atria. i think KD has plenty of opportunities still and now with MRT project coming in, its going to be another deep-fried-keropok served with golden sushi roll waiting to be purchased. tarak comments on DP, not very familiar with the area even thought it is just next to KD. i kuli punya petrol allowance not enough to travel everywhere. haha!! |
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Nov 8 2011, 10:57 PM
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4,230 posts Joined: Jan 2009 |
No news on launching date yet ..
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Nov 9 2011, 11:45 AM
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13 posts Joined: Nov 2011 |
this seems like a good deal. Quite strategic location in D.Jaya.
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Nov 9 2011, 12:30 PM
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555 posts Joined: Dec 2008 |
I think Uptown also got SOHO, will it be a better bet since pricing are so close?
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Nov 9 2011, 02:14 PM
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753 posts Joined: Dec 2008 |
I think Uptown will be priced at 850 to 900 psf, no?
if 750 psf - then yes, think Uptown would be a better bet. |
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Nov 9 2011, 02:33 PM
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In the Paper Write Up, SHC mentioned indicative price $750psf, not sure will increase or not. Expected launch Q1 2012
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Nov 10 2011, 07:56 PM
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very expensive lor...
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Nov 12 2011, 08:14 PM
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596 posts Joined: Jun 2008 |
white elephant
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Nov 12 2011, 08:46 PM
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some said SOFO can not live inside, if yes, i think SOHO is better.
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Nov 12 2011, 11:26 PM
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Nov 13 2011, 02:22 PM
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Nov 14 2011, 08:09 PM
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Today open sale to staff & VIP.
min price 730psf, top-most unit 950psf. 90% of 256 unit is 544sq.ft. no car park. maintenance fee - 0.35 sen/sqft I left OSK KL 5.30pm just now. almost 65% of the units are sold. Units facing KL - sold out. Units facing kelana jaya, left about 50%. Units facing each other left about 60% Tomorrow will also open sale to staff & VIP, my guest is when they launch on this Friday 18th Nov, will only left not more than 40 units. For those who like this property, must go to PJ sales office Friday early morning. OSK property always has it value & marketing strategy. Its worth buying for investment. |
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Nov 14 2011, 08:59 PM
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still BBB mode??
did they mentioned if one can live in the unit? afraid it will be the same as Sunrise's summer suite which is only for office uses. |
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Nov 14 2011, 09:37 PM
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QUOTE(kcliew2005 @ Nov 14 2011, 08:09 PM) Today open sale to staff & VIP. I've registered at the website previously but didnt receive any invite yet ...min price 730psf, top-most unit 950psf. 90% of 256 unit is 544sq.ft. no car park. maintenance fee - 0.35 sen/sqft I left OSK KL 5.30pm just now. almost 65% of the units are sold. Units facing KL - sold out. Units facing kelana jaya, left about 50%. Units facing each other left about 60% Tomorrow will also open sale to staff & VIP, my guest is when they launch on this Friday 18th Nov, will only left not more than 40 units. For those who like this property, must go to PJ sales office Friday early morning. OSK property always has it value & marketing strategy. Its worth buying for investment. |
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Nov 14 2011, 09:50 PM
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753 posts Joined: Dec 2008 |
Just to share, originally I was quite "emotional" and wanted to whack this atria sovo thing. I live nearby, and am fairly familiar with the area.
A ttt kor friend allocated a 488 sq ft unit for me. But given the pricing, and low margin of safety, I had to pass. Even with 5% down and DIBS, felt that d opportunity cost is fairly high. |
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Nov 14 2011, 11:05 PM
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596 posts Joined: Jun 2008 |
no car park is unless, where to park yr cars? expensive
is the utilities bill (electric/water etc) on commercial rates for sofo? This post has been edited by lowyat888: Nov 14 2011, 11:06 PM |
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Nov 14 2011, 11:07 PM
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5,488 posts Joined: Jun 2008 |
This is consider cheaper as compared to KU suites...LOL
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Nov 15 2011, 11:40 AM
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12 posts Joined: Apr 2009 |
QUOTE(lowyat888 @ Nov 14 2011, 11:05 PM) no car park is unless, where to park yr cars? expensive They do allocate carpark for tenant, just need to pay rental. Rate..no sure.is the utilities bill (electric/water etc) on commercial rates for sofo? this is commercial properrty, sure the utilities bill base on commercial rate. Added on November 15, 2011, 11:48 am QUOTE(Phoeni_142 @ Nov 14 2011, 09:50 PM) Just to share, originally I was quite "emotional" and wanted to whack this atria sovo thing. I live nearby, and am fairly familiar with the area. something u just need to go with ur feeling.A ttt kor friend allocated a 488 sq ft unit for me. But given the pricing, and low margin of safety, I had to pass. Even with 5% down and DIBS, felt that d opportunity cost is fairly high. look around that area, there's no more land for development. if u like it, just take it. Added on November 15, 2011, 11:54 am QUOTE(1282009 @ Nov 14 2011, 09:37 PM) open for staff/banker only.u can try ur luck.... go to OSK jalan ampang, 8th floor. This post has been edited by kcliew2005: Nov 15 2011, 11:54 AM |
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Nov 15 2011, 12:40 PM
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869 posts Joined: Dec 2009 |
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Nov 15 2011, 12:59 PM
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596 posts Joined: Jun 2008 |
just wondering/ worried that the new offices/shopping building will it be a glut/white elephant in the future whereby, if no anchor hypermarket/cinema/pub etc to boost it. eg will be like ss2 mall.
before that giant hypermart was not doing well and no want would rent the upstair floor. business there were like half dead waiting for miracle to comeby even with cheap rental. but the new shopping rental wont be cheap, best of luck another thing is the parking space very lack of parking space and cramp. i thing osk launch the sofo with the wrong concept which dont include parking space and alot of hidden cost addin to it. no doubt its not an expariate area whereby buying it for investment. investment is totally out. for reseller, will any crazy/desperate to fork/burden themselves to buy a small space place for an expensive price. % is very low for own staying, not enough car park for people who have lots of car, car park problem. even have have to pay for it (hidden cost) Think people is very rich nowadays. is these a golden triangle/expariate/local area? shops nearby also not doing well, and very jam near the area due to the divertion of lanes/road here n there. |
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Nov 15 2011, 02:40 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
QUOTE(kcliew2005 @ Nov 14 2011, 08:09 PM) Today open sale to staff & VIP. is this low payment or a lot of discounts given?min price 730psf, top-most unit 950psf. 90% of 256 unit is 544sq.ft. no car park. maintenance fee - 0.35 sen/sqft I left OSK KL 5.30pm just now. almost 65% of the units are sold. Units facing KL - sold out. Units facing kelana jaya, left about 50%. Units facing each other left about 60% Tomorrow will also open sale to staff & VIP, my guest is when they launch on this Friday 18th Nov, will only left not more than 40 units. For those who like this property, must go to PJ sales office Friday early morning. OSK property always has it value & marketing strategy. Its worth buying for investment. what is the difference this and those jaya 3 or jaya1 service condos? |
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Nov 15 2011, 03:02 PM
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173 posts Joined: Nov 2011 |
this project was initially under my watchlist but had to pass due to its expensive pricing in term of psf and go elsewhere
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Nov 16 2011, 09:57 AM
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555 posts Joined: Dec 2008 |
i think it selling price comparative to uptown SHC service apartment
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Nov 16 2011, 10:35 AM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
Gonna rebuild Atria from ground up.
Investment - depends. SOFO = new term. Developer wants to exploit the grey area. Can you live in your office units? Yes / No = Grey area. If other office occupant complains, then again subject to management. Thus always bear in mind, these units aren't meant to sleep in. Commercial Land = 15% + of utilities bill This investment is worth the shot! |
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Nov 16 2011, 03:21 PM
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768 posts Joined: Jan 2005 |
The fact that they dont provide car park is enough to deter me from buying (I stay in DJ). Parking is already a nightmare over there and even if can guarantee rental car park, its going to be a mess to look for car park if say come home from work early as other offices are still occupying their car park spaces.
The only viable option for rental yields is for those KDU students, but at 350k rental yield cannot cover cost. |
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Nov 17 2011, 11:30 AM
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983 posts Joined: Jul 2008 |
400sf? Treat it like a hotel only? How to cook so small space.
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Nov 17 2011, 11:41 AM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
eat dirty nellys, tim sum or ta pau..
i thought 544 sq feet. |
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Nov 17 2011, 12:19 PM
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2,567 posts Joined: Jan 2003 |
I'm staying near by...
if no car park given....u gona be crazy..unless u hang out late and back home after 8.30pm but again, gona see how much the parking rental/selling |
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Nov 17 2011, 01:42 PM
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9 posts Joined: Jul 2011 |
Just got an sms, launching tomorrow, but don't think left any good unit looking at the post here...
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Nov 17 2011, 01:52 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
like plaza damas. rent lo..
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Nov 17 2011, 04:04 PM
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7 posts Joined: Apr 2011 |
QUOTE(frequency @ Nov 17 2011, 12:19 PM) I'm staying near by... Taiko/tailo..... I m new here and just wan to get myself involved a bit in property world... hope its a right time looking at softening trend of property market at the moment.. if no car park given....u gona be crazy..unless u hang out late and back home after 8.30pm but again, gona see how much the parking rental/selling Now back to atria.. Bro snapback, from your point of view, if you stay nearby there do you think will get a unit there for your kids maybe? Do you think tats the current sentiment there? Or it's just full of investors and speculators? Thanks.... |
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Nov 17 2011, 04:05 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
property market nw full of investors and speculators
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Nov 17 2011, 06:26 PM
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555 posts Joined: Dec 2008 |
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Nov 17 2011, 06:38 PM
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753 posts Joined: Dec 2008 |
QUOTE(kcliew2005 @ Nov 15 2011, 11:40 AM) They do allocate carpark for tenant, just need to pay rental. Rate..no sure. Let's just say I know the area well for certain reasons. this is commercial properrty, sure the utilities bill base on commercial rate. Added on November 15, 2011, 11:48 am something u just need to go with ur feeling. look around that area, there's no more land for development. if u like it, just take it. Added on November 15, 2011, 11:54 am open for staff/banker only. u can try ur luck.... go to OSK jalan ampang, 8th floor. anyway, the issue is not about me liking or not liking it. Yes, u r right - sometimes, it's about trusting your "gut". for me - the main issue is about the fact that I'm not comfortable with the numbers, and I think the upside is limited. Plus d opportunity costs is on the high side. itu saja. |
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Nov 18 2011, 10:27 AM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
Who is there now? Sold out?
Is this fully furnished like empire? |
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Nov 18 2011, 11:53 AM
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450 posts Joined: Aug 2008 From: Ipoh,Perak |
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Nov 18 2011, 01:02 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
so hot demand property for sohos
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Nov 18 2011, 01:38 PM
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555 posts Joined: Dec 2008 |
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Nov 18 2011, 02:07 PM
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53 posts Joined: Jul 2011 |
Sofo stands for small office flexi office so does that means it's combination of office + residential or both??
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Nov 18 2011, 02:10 PM
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1,151 posts Joined: Aug 2008 |
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Nov 18 2011, 02:25 PM
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555 posts Joined: Dec 2008 |
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Nov 18 2011, 04:25 PM
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596 posts Joined: Jun 2008 |
good people still have alot of $$. buy and wait to fatt
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Nov 18 2011, 05:13 PM
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All Stars
10,777 posts Joined: Sep 2009 |
BBB mode incredible...
so now 100.01% sold out? |
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Nov 18 2011, 05:19 PM
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596 posts Joined: Jun 2008 |
super goreng time
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Nov 18 2011, 06:22 PM
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462 posts Joined: Oct 2004 |
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Nov 18 2011, 06:27 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
Got photo of price list?
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Nov 18 2011, 06:30 PM
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90 posts Joined: Jan 2011 From: Petaling Jaya |
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Nov 18 2011, 06:32 PM
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1,313 posts Joined: Jan 2003 From: klang Valley |
seems like property market still Hot hot hot....
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Nov 18 2011, 06:39 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
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Nov 18 2011, 07:25 PM
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90 posts Joined: Jan 2011 From: Petaling Jaya |
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Nov 18 2011, 10:34 PM
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53 posts Joined: Jul 2011 |
So fast sold out?!
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Nov 18 2011, 11:38 PM
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596 posts Joined: Jun 2008 |
why didnt u get one?
This post has been edited by lowyat888: Nov 18 2011, 11:38 PM |
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Nov 18 2011, 11:51 PM
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402 posts Joined: Jan 2011 |
Empire Damansara value will be easily doubled now......thanks to Atria SOFO!
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Nov 18 2011, 11:55 PM
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596 posts Joined: Jun 2008 |
but bank negara is curbing people to get loan. people no $$ to buy expensive property already bcos no enough loan provided due to people net income. closing the water tap already or fishing is over and now its time to retract back the fishing reel. already alot of fishes already
Bank Negara issues guidelines on responsible lending KUALA LUMPUR: Bank Negara Malaysia issued on Friday guidelines to financial institutions aimed at promoting prudent, responsible and transparent retail financing practices. The central bank said the guidelines, effective Jan 1, would complement other measures that promote better protection for financial consumers and a sustainable credit market that contributes towards preserving financial and macro-economic stability. The guidelines require financial institutions to make assessments of a borrower's ability to afford financing facilities based on a prudent debt service ratio as inputs to their credit decisions. Financial institutions must make appropriate enquiries into a prospective borrower's income after statutory deductions for tax and EPF, and consider all debt obligations, in assessing affordability, it said in a statement. http://thestar.com.my/news/story.asp?file=...3949&sec=nation This post has been edited by lowyat888: Nov 19 2011, 12:02 AM |
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Nov 19 2011, 01:01 AM
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267 posts Joined: Jan 2011 |
Offices in the market has already experienced over supply situation... There will be at least 30% more offices throw into the market after 3-4 years later.
My view is 1) existing offce owners will slash rental to keep tenants 2) new office owner will slash rental to attract tenants In conclusion, rental yield will be very bad or become worst. Staying away from office will be a good move in the next 5 years. Hope i wont be wrong...... |
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Nov 19 2011, 01:05 AM
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171 posts Joined: Dec 2010 |
i doubt their are selling well? coz i did not register but keep getting sms about this Atria SOFO
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Nov 19 2011, 01:12 AM
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84 posts Joined: Aug 2010 |
QUOTE(godutch @ Nov 19 2011, 01:05 AM) Agree. Sometimes developers like to play some tactics, give good impression on take up rate. How many of them are reserved and unopened? Only they themselves will know. |
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Nov 19 2011, 09:53 AM
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53 posts Joined: Jul 2011 |
Went to sales gallery just now at 10 Boulevard. All units sold out yesterday!! Based on the floor plan (studio, 1 room or 2 rooms), I think most of them will used it for residential. Should have went there yesterday. Sigh...
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Nov 19 2011, 10:01 AM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
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Nov 19 2011, 11:04 AM
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All Stars
10,777 posts Joined: Sep 2009 |
there's actually grade A office demand in PJ
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Nov 19 2011, 12:17 PM
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All Stars
20,146 posts Joined: May 2011 |
this one is SOFO....not allowed to use as residential, technically!
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Nov 19 2011, 12:23 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
What difference I-con city and this project?
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Nov 19 2011, 04:14 PM
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171 posts Joined: Dec 2010 |
QUOTE(accetera @ Nov 19 2011, 11:04 AM) Malaysia is lack of Grade A office i agree!!but how many businesses is in need of Grade A office that fetch higher rental??? Only when Malaysia is truly (not Asia) developed then yes, at the time we would hv more business doing R&D and providing high value-added services, then demand for Grade A office will increase, Now? I don think so. |
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Nov 19 2011, 08:47 PM
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All Stars
10,777 posts Joined: Sep 2009 |
QUOTE(godutch @ Nov 19 2011, 04:14 PM) Malaysia is lack of Grade A office i agree!! but Msia have a lot of syiok sendiri companies wor... means must look good, must rent nice office, must do things to show show wan.. these are mainly the younger breed of companies contrary to the traditional kiamsiap type chinamen companies...but how many businesses is in need of Grade A office that fetch higher rental??? Only when Malaysia is truly (not Asia) developed then yes, at the time we would hv more business doing R&D and providing high value-added services, then demand for Grade A office will increase, Now? I don think so. in the end i think all need to be balanced.. grade A lah, grade B lah, grade Z lah.. must meet the demands of the times. This post has been edited by accetera: Nov 19 2011, 08:49 PM |
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Nov 22 2011, 03:12 PM
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10 posts Joined: Jun 2011 |
Who is still interested to buy Atria SOFO units? Thinking of let go mine. Pls PM me your phone number if u r keen. No PM syok syok ah. Tq!!
This post has been edited by Kl_property88: Nov 22 2011, 03:17 PM |
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Nov 22 2011, 03:31 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
Pm
Me ur number and details. My friend keen. At waiting list. At original price |
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Nov 22 2011, 04:28 PM
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22 posts Joined: Aug 2011 |
QUOTE(angelw @ Nov 19 2011, 09:53 AM) Went to sales gallery just now at 10 Boulevard. All units sold out yesterday!! Based on the floor plan (studio, 1 room or 2 rooms), I think most of them will used it for residential. Should have went there yesterday. Sigh... Sold out? This is just speculatiOn. I don't believe until they got signed SNP. Everyone can place a booking. |
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Nov 22 2011, 11:35 PM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
Sold out in 1 day.
True. From 545sqft | 678sqft | 1103sqft | 1237sqft | Freehold • Interest FREE during construction (DIBS). • FREE Legal fee & Disbursement on Sale & Purchase Agreement. • FREE Legal fee & Disbursement on Loan Agreement. • FREE stamp duty on Loan Agreement. Derrick here got 40 units in atria sofo. Selling fast.... Derrick selling: @ developer price @ +5k rebate @ +0.5% discount @ this derrick can be reached @ 012 9443 953 This post has been edited by Gyokumen_Koushu: Nov 25 2011, 10:39 AM |
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Nov 23 2011, 01:18 AM
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45 posts Joined: Nov 2006 |
QUOTE(angelw @ Nov 19 2011, 09:53 AM) Went to sales gallery just now at 10 Boulevard. All units sold out yesterday!! Based on the floor plan (studio, 1 room or 2 rooms), I think most of them will used it for residential. Should have went there yesterday. Sigh... I got 5 units for sale. Cal me at 012 2191043. Seroius buyer only. All small units. |
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Nov 23 2011, 02:14 AM
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930 posts Joined: Sep 2009 |
Looks like its not actually fully sold, just fully booked by many people who are only keen on reselling before S&P
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Nov 23 2011, 04:30 PM
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45 posts Joined: Nov 2006 |
Got chosen units available... Cal for more details n best deal.... 012 2191043 chow
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Nov 23 2011, 04:36 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
resell for how many k higher?
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Nov 23 2011, 04:49 PM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
Kindly beware for people offering you units.
Always ask for these 3 things: 1) booking form directly from developer 2) rebate 5k letter from developer 3) rebate 0.5% letter from developer This post has been edited by Gyokumen_Koushu: Nov 24 2011, 01:02 PM |
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Nov 23 2011, 05:13 PM
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45 posts Joined: Nov 2006 |
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Nov 23 2011, 05:18 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
why u all want to let go then?
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Nov 23 2011, 05:35 PM
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45 posts Joined: Nov 2006 |
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Nov 23 2011, 09:30 PM
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1,053 posts Joined: Jan 2003 From: Klang Valley Southside |
Edited.
This post has been edited by icez: Nov 23 2011, 09:33 PM |
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Nov 23 2011, 09:41 PM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
QUOTE why u all want to let go then? Yes, there are unscrupulous agents with malicious intent for short term profit. They eat booking fee, i guessed. This post has been edited by Gyokumen_Koushu: Nov 24 2011, 01:03 PM |
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Nov 23 2011, 09:56 PM
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930 posts Joined: Sep 2009 |
QUOTE(Gyokumen_Koushu @ Nov 23 2011, 09:41 PM) Me and my partners. We are not just agents. We are full time investor also. We pay 10% purchase price for 3 floors to developers, so that other investors not related to developer, will get a shot at this project. So if not many buyers take up your offer, your group will go ahead to buy all 3 floors anyway?Some other investors here came to me saying they want to buy few units. Whereas, they just want to check the "market price" comparing block B and Block A. I mean hey, we are investors too! Why want to waste my time when you can check Block B pricing from the developer, when you already confirm booking for Block A? Just call the damn developer! I am a professional investor too! Why want to waste my time? Yes, there are unscrupulous agents with malicious intent for short term profit. But on the other hand, we are professionals who create win-win situation for our pool of investors. We dare to invests 10%, because we have so much investments on other upcoming projects all over klang valley. |
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Nov 23 2011, 10:12 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
U buy 3 floors sure get cheaper price boss?
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Nov 23 2011, 10:24 PM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
QUOTE So if not many buyers take up your offer, your group will go ahead to buy all 3 floors anyway? There are buyers. Would have invest more, but there are other projects launching fast in dec. Thus we have to diversified our portfolio. QUOTE U buy 3 floors sure get cheaper price boss? You do you math. Thanks. Buy from developer @ buy from us = same benefits. Except that if you buy from developer you are probably in waiting listing waiting for other investors loan get declined. This post has been edited by Gyokumen_Koushu: Nov 23 2011, 10:26 PM |
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Nov 23 2011, 10:37 PM
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596 posts Joined: Jun 2008 |
what will be the price like? inclusive of parking lot etc. more details plse
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Nov 23 2011, 10:46 PM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
Developer discount + rebate + purchase price.
Which will make it roughly 738psf. From 545sf | 678sf | 1103sf | 1237 sf From rm 453 800 onwards. Parking Lot is free for a year. Subsequently you have to rent it. Fast fast math, kindly use 738psf x your preferred layout. This post has been edited by Gyokumen_Koushu: Nov 30 2011, 04:51 PM |
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Nov 23 2011, 11:52 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
HoW much one need to fork out. Prefer less cash upfront
Loan legal fees absorbed? |
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Nov 24 2011, 12:26 AM
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753 posts Joined: Dec 2008 |
I wish the prospective buyers well.
This post has been edited by Phoeni_142: Nov 24 2011, 12:41 AM |
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Nov 24 2011, 04:10 AM
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10 posts Joined: Jun 2011 |
Dear all sifu,
My concern is, who are we targeting to rent this SOFO to in the future? Buy at RM400K ++ and How much rental can fetch? Can only rent to an individual coz the whole unit is 1 room. If its at damansara perdana then still can tahan, coz got IKEA etc, (empire city) which have more expatriates that can afford to pay higher rental fee. IMO, this Atria office suite concept is a good idea but a bit wrong location. Better save my bullet for those proper condominium in the future. At least can stay legally. |
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Nov 24 2011, 06:41 AM
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54 posts Joined: Nov 2011 |
QUOTE(1ullaby @ Oct 11 2011, 11:01 PM) I really dont see this as a trend. I see this as developer exploiting the lack of clarifications and guidelines from the authorities and numerous loopholes while taking advantage of the hot market. (facilities, carparks, plot ratios, disbursement schedules, construction duration, commercial/retail guidelines, management and security is not clear also) there will be genuine interest in these development but to me most will be used for residentials / storage place / office. why not build service apts (this is bs also, msian service apts), or condos, or offices. why so many SOxx ??? just to squeeze xtra drops of profits of coz. |
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Nov 24 2011, 07:05 AM
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270 posts Joined: Feb 2011 |
QUOTE(Gyokumen_Koushu @ Nov 23 2011, 04:49 PM) me and my partners we bought 3 floors from developer. now we know why it "booked" out so fast....this is not a genuine "sold" out.... i let go @ developer price! no hidden cost! no undertable! we paid 10% down payment on ALL UNITS. So if you want a bite, kindly give 10%. I give u 3 things: 1) booking form directly from developer 2) rebate 5k letter from developer 3) rebate 0.5% letter from developer I DO NOT DO UNDER-TABLE. All black and white. use LYN as dumping ground? |
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Nov 24 2011, 07:07 AM
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270 posts Joined: Feb 2011 |
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Nov 24 2011, 07:08 AM
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270 posts Joined: Feb 2011 |
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Nov 24 2011, 07:11 AM
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270 posts Joined: Feb 2011 |
QUOTE(Gyokumen_Koushu @ Nov 23 2011, 10:24 PM) There are buyers. Would have invest more, but there are other projects launching fast in dec. Buy from developer @ buy from us = same benefits....do you mean you earn nothing from this deal?Thus we have to diversified our portfolio. You do you math. Thanks. Buy from developer @ buy from us = same benefits. Except that if you buy from developer you are probably in waiting listing waiting for other investors loan get declined. |
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Nov 24 2011, 07:12 AM
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270 posts Joined: Feb 2011 |
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Nov 24 2011, 07:18 AM
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2,181 posts Joined: Oct 2007 |
good luck to all buyers...looks like lots of con men holding the units prior launch. Now LYN becomes a dumping site. Hate these kinda developer.
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Nov 24 2011, 07:25 AM
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360 posts Joined: Feb 2005 |
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Nov 24 2011, 07:45 AM
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55 posts Joined: Nov 2011 |
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Nov 24 2011, 07:52 AM
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1,346 posts Joined: Jul 2009 |
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Nov 24 2011, 09:00 AM
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All Stars
13,761 posts Joined: Jun 2011 |
Actually v s genuine buyers / investors, can alwiz grp up for bulk purchase. Next time if there is any new launching, maybe can try elect a leader n compile a confirmed buyers list, then walk into dev ofis b4 launching, table de $$$ n ask for discount. Haha, can get 30 units in a shot???
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Nov 24 2011, 09:06 AM
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Senior Member
1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
For those, who come and go saying this and that.
Wah, expensive la. Wah, sold out already. Have you even went to the launching? For those who went, and those who are really interested, but no connection with the developer or whatsoever. 3 possible outcomes: 1. Sold out. True. 2. Waiting list. True. 3. There are f**ked up agents who offer the buyers in waiting list. These agents want makan rebate from buyers. Just for these buyers to get a unit, they can hardly even choose units. Those agents who merely hold 1 units. Where do they get the profit? Makan under table from buyers. Do your math. I dunno. My buyers who bought told me that. I am surprised all my buyers here knew this project better than me! Because there are "solo agents" who "counter offer" those people on waiting list. Thus, when i do presentation. We are transparent to our buyers. They straight open cheque. No questions asked. These investors know the market even better than me! This post has been edited by Gyokumen_Koushu: Nov 30 2011, 04:51 PM |
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Nov 24 2011, 09:33 AM
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Senior Member
555 posts Joined: Dec 2008 |
it seem like people are getting worried....
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Nov 24 2011, 09:43 AM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
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Nov 24 2011, 10:21 AM
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555 posts Joined: Dec 2008 |
Everybody also tell me they know what they are doing until 1997 when they lost their jobs and business start winding.
Don't see this will happen but a stagnation or 10% adjustment seem likely. What the rush to get this mickey mouse size house. |
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Nov 24 2011, 10:22 AM
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360 posts Joined: Feb 2005 |
QUOTE(kinwawa @ Nov 24 2011, 07:18 AM) good luck to all buyers...looks like lots of con men holding the units prior launch. Now LYN becomes a dumping site. Hate these kinda developer. as long as they don't increase the selling price which i think is fair and square. is all about business, you can do it too. |
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Nov 24 2011, 10:23 AM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
How much estimate the small units can rent out
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Nov 24 2011, 11:01 AM
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1,175 posts Joined: Sep 2006 From: PJ SS 2 |
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Nov 24 2011, 11:05 AM
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2,508 posts Joined: Jun 2009 |
From all the reading, can someone tell me who is buying for his/her own stay? None I guess.
So imagine when all these units completed and 99% is putting up their units for sale/rent. Doesn't seems a good deal under this project. If you see too many flippers in any project, my adv. is better stay away than regret later when serving the interest for your vacant unit or even worse disposing it at a loss. |
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Nov 24 2011, 11:42 AM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
QUOTE as long as they don't increase the selling price which i think is fair and square. is all about business, you can do it too. when can we get along for a drink? i can intro our fellow investors. Some are even below 25yo. QUOTE From all the reading, can someone tell me who is buying for his/her own stay? None I guess. So imagine when all these units completed and 99% is putting up their units for sale/rent. Doesn't seems a good deal under this project. If you see too many flippers in any project, my adv. is better stay away than regret later when serving the interest for your vacant unit or even worse disposing it at a loss. Total = 392 units. lyn here <10 units. I would say the stats you referring, would not justify this scenario here. |
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Nov 24 2011, 12:05 PM
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555 posts Joined: Dec 2008 |
QUOTE(Gyokumen_Koushu @ Nov 24 2011, 11:42 AM) when can we get along for a drink? i can intro our fellow investors. Some are even below 25yo. Hi Gyokumen,Total = 392 units. lyn here <10 units. I would say the stats you referring, would not justify this scenario here. I don't understand why you say the stat not justify this scenario what is this has to do with lyn here<10 units unless you control all the 392 units |
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Nov 24 2011, 12:44 PM
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753 posts Joined: Dec 2008 |
QUOTE(GlobalKL @ Nov 24 2011, 07:12 AM) Boss...my home is literally 5 minutes away from this Atria thing....and I don't even have the b*lls to buy this thing. Aiyah, no need to elaborate so much about the reason lah....talk about it before dy.anyway....thanks for picking up my "well" meaning. LOL. |
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Nov 24 2011, 01:23 PM
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596 posts Joined: Jun 2008 |
first time come across, renting car parks. even kl golden triangle dont have such a thing renting(must be very precious), either have or dont. is the area better off than kl golden triangle area or what?. rental can fetch that high, rental at kl area also drop alot and difficult to rent out even with fully furnish.
rental is totally out as can see. Funny part is try calling aday before launching at the main office, a lady pick up the call, and ask how much is the price of the condo, and she ask dunno, the person in-charge is having meeting, call back later. when call back later nobody picks up the phone, call afew h/p number also nobody picks up the call. even launching nobody picks up the call. marketing gimmick have to becareful. even now dont bother to call them, not even bother or hadap anymore. though of not wasting time going there to find out about the pricing. now no need already without parking space nobody/customer will come or difficult to find the parking if have more than 2 cars, whether doing business sofo or staying. even as a owner also find it difficult when comes to parking and troublesome for those staying at condo. park along the roadside, dont scare car stolen. rather stupid or desperate, people buying without thinking, looks like no more land/place to stay already in the country. buyers looks like simply buying like no tomorow, or very rich indeed. something like this Becareful This post has been edited by lowyat888: Nov 24 2011, 02:18 PM |
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Nov 24 2011, 02:46 PM
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All Stars
10,777 posts Joined: Sep 2009 |
heard dat Gamuda office is moving out... can anyone confirm??
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Nov 24 2011, 03:45 PM
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Junior Member
332 posts Joined: Oct 2011 |
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Nov 24 2011, 05:17 PM
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596 posts Joined: Jun 2008 |
moving to where?
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Nov 24 2011, 05:27 PM
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All Stars
10,777 posts Joined: Sep 2009 |
they need more more office space....
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Nov 24 2011, 05:57 PM
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2,508 posts Joined: Jun 2009 |
QUOTE(Gyokumen_Koushu @ Nov 24 2011, 11:42 AM) when can we get along for a drink? i can intro our fellow investors. Some are even below 25yo. In next few years you will see our markets is bombarded with thousands of VP on the SOHO, SOFO, SOVO or whatever they want to call it. Judging fm the price for Atria, I would say they will having tough times to rent out just to cover the instalment they took fm the bank. To know the market well, imagine whether if you are willing to pay for that kind of money to rent such a pigeon hole.Total = 392 units. lyn here <10 units. I would say the stats you referring, would not justify this scenario here. |
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Nov 24 2011, 06:02 PM
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555 posts Joined: Dec 2008 |
QUOTE(ronn77 @ Nov 24 2011, 05:57 PM) In next few years you will see our markets is bombarded with thousands of VP on the SOHO, SOFO, SOVO or whatever they want to call it. Judging fm the price for Atria, I would say they will having tough times to rent out just to cover the instalment they took fm the bank. To know the market well, imagine whether if you are willing to pay for that kind of money to rent such a pigeon hole. and it is in damansara not klcc or bukit bintang |
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Nov 24 2011, 06:03 PM
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Senior Member
7,923 posts Joined: Feb 2007 From: 1 Malaysia |
Rich college kids from
Kdu lo Got cinema ma This post has been edited by airline: Nov 24 2011, 06:03 PM |
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Nov 24 2011, 06:14 PM
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10 posts Joined: Jun 2011 |
Those "investor club" makan 10% rebate . Thats why they can sell back to the market with original price. Their profit is 10% of the property price.
I booked 2 units directly from developer, and im going to let go my unit and forfeit my booking fee. Better rugi my booking fee than cannot resell or rent at good price after completion. Never do proper research before place booking!!! Mistake!! |
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Nov 24 2011, 06:50 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
Which investor club is this?
Every project also they go in? |
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Nov 24 2011, 07:20 PM
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55 posts Joined: Nov 2011 |
QUOTE(Kl_property88 @ Nov 24 2011, 06:14 PM) Those "investor club" makan 10% rebate . Thats why they can sell back to the market with original price. Their profit is 10% of the property price. You mean OSK Properties a listed company agree with such arrangements? Can query if this is true.This post has been edited by 1lima: Nov 24 2011, 07:20 PM |
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Nov 24 2011, 08:27 PM
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270 posts Joined: Feb 2011 |
QUOTE(Kl_property88 @ Nov 24 2011, 06:14 PM) Those "investor club" makan 10% rebate . Thats why they can sell back to the market with original price. Their profit is 10% of the property price. how much you need to burn per unit? Any taker for your units?I booked 2 units directly from developer, and im going to let go my unit and forfeit my booking fee. Better rugi my booking fee than cannot resell or rent at good price after completion. Never do proper research before place booking!!! Mistake!! |
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Nov 24 2011, 08:47 PM
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All Stars
10,777 posts Joined: Sep 2009 |
I think SOFO/SOVO is workable and outperform for Suburbs like PJ compared to KL.
If not why Regus (an international player) in room office want to lease a big space in First Avenue for small offices? But of course the supply of SOFO/SOVO is the biggest concern, especially Mah Sing's Icon City doing too excessively. Other than that, SOFO is for the next trend of business - personal business and entrepreneurs like insurance man. LOL You guys are invited to join PropertyTalk @ Facebook Group >>> http://www.facebook.com/groups/115179435202482/ This post has been edited by accetera: Nov 24 2011, 08:49 PM |
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Nov 24 2011, 09:37 PM
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13 posts Joined: Nov 2011 |
atria is selling fast... gosh...
anyway, nice location... ! |
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Nov 24 2011, 09:50 PM
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402 posts Joined: Jan 2011 |
QUOTE(Phoeni_142 @ Nov 24 2011, 12:44 PM) Boss...my home is literally 5 minutes away from this Atria thing....and I don't even have the b*lls to buy this thing. Aiyah, no need to elaborate so much about the reason lah....talk about it before dy. even PJ King also tak brani nak masok.....but there are 300+ courageous bravehearts going in for the kill or get killed.... anyway....thanks for picking up my "well" meaning. LOL. |
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Nov 24 2011, 11:15 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
what is OSK next project. that can flip one?
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Nov 25 2011, 12:54 AM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
QUOTE(Kl_property88 @ Nov 24 2011, 06:14 PM) Those "investor club" makan 10% rebate . Thats why they can sell back to the market with original price. Their profit is 10% of the property price. I am from "the investor club".I booked 2 units directly from developer, and im going to let go my unit and forfeit my booking fee. Better rugi my booking fee than cannot resell or rent at good price after completion. Never do proper research before place booking!!! Mistake!! Do not make profit from buyer. Profit from developer. 1: Do you buy directly from developer? Which agent serving you? 2: Developer do not give rebate of 10%. 3: For those who did booking, are well aware of the admin fees the developer charging for cancellation. 4. Means you sign booking but you do not know the terms and regulations? 5. IF YOU REALLY BOOK OFFICIALLY FROM DEVELOPER, booking fee fully refundable + admin fee (around 1k) Bottom-line, 3 possibilities: a) You book under-table, not from developer. b) You did not do any bookings at all. c) You are full time investor who buy property like buy vegetables. No need to review sales performa. Suggestions: 1) Pay admin fees | Faster 7-14 days get back booking. 2) Look for buyers before SPA signing. |
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Nov 25 2011, 01:08 AM
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Junior Member
183 posts Joined: Jul 2010 From: kl |
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Nov 25 2011, 01:17 AM
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930 posts Joined: Sep 2009 |
While Atria is in a pretty decent location, and the developer's plans do look impressive, what is so great about it to justify the price of RM700psf onwards?
Even Jaya One which is better located, has significantly higher traffic, and alot more new developments coming up around it only sold their new phase for RM580psf (office) and RM600psf (residential). So unless OSK which has ZERO experience with retail malls and an uninspiring record as a developer is able to completely transform Atria, do you think anyone is gonna pay premium price or rent upon completion? |
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Nov 25 2011, 01:25 AM
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All Stars
10,777 posts Joined: Sep 2009 |
they roped in PJ's first Louis Vuitton store and a Cinema operator.. the future reason to justify HAHAHAHA LOL
but then again some projects in cheras, sunway, subang, kota dsara, other parts of PJ, etc ared surpassed this price so why the big fuss? looking at the market high end brands are coming to storm the affluent, England-speaking PJ populace. Isetan and Tangs are opening in 1U, and when the MRT completes, wooo Bandar Utama and surrounding Damansara/TTDI home prices will shooooot. Damansra Uptown condos will be launched at around rm900-1,100 psf next year. looks like my 1,000 psf by 2014 for most of PJ is coming really true and earlier than expected This post has been edited by accetera: Nov 25 2011, 01:32 AM |
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Nov 25 2011, 01:27 AM
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Junior Member
183 posts Joined: Jul 2010 From: kl |
property up too fast.. hard to breath
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Nov 25 2011, 02:22 AM
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930 posts Joined: Sep 2009 |
QUOTE(accetera @ Nov 25 2011, 01:25 AM) they roped in PJ's first Louis Vuitton store and a Cinema operator.. the future reason to justify HAHAHAHA LOL No matter who they manage to bring in, it will still be a suburban mall. but then again some projects in cheras, sunway, subang, kota dsara, other parts of PJ, etc ared surpassed this price so why the big fuss? looking at the market high end brands are coming to storm the affluent, England-speaking PJ populace. Isetan and Tangs are opening in 1U, and when the MRT completes, wooo Bandar Utama and surrounding Damansara/TTDI home prices will shooooot. Damansra Uptown condos will be launched at around rm900-1,100 psf next year. looks like my 1,000 psf by 2014 for most of PJ is coming really true and earlier than expected The other projects in Cheras, Sunway, Subang, Kota Damansara and other parts of PJ may or may not be overpriced as well. But that's a different discussion all together. Lets just compare Atria with Mid Valley. Northpoint residences and offices are going for RM700-RM1000psf, similar to Atria SOFO launching price. So Northpoint has its RM700-RM1000psf price supported by Mid Valley City being the most crowded mall/office area in Malaysia and future developements such as: 1. Setia Eco City 2. Abdullah Hukum LRT will be walking distance after SEC completed 3. Proposed future MRT Whereas Atria SOFO's RM700-RM1000psf price is supported by: 1. Future Atria The MRT will not have a significant positive impact on landed property prices in Bandar Utama and TTDI, more likely to have a negative impact actually. Only condos will probably go up driven by higher rentals. Damansara Uptown is a total different animal compared to the Damansara Jaya commercial area. - Uptown is just along LDP and Sprint highway, DJ is in the middle of a housing estate - Uptown has many MNC tenants, DJ's most high profile tenant is probably just Gamuda - Uptown is just next to BU which has 1Utama and more importantly MSC status, DJ is pretty close by too... but is it close enough? End of the day I could also be wrong, there is always a probability that OSK will do a superduper job to turn Atria into a mall that rivals Mid Valley. Potential Investors will just have to decide if they think the probability is high enough for them to put money in or not |
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Nov 25 2011, 07:28 AM
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270 posts Joined: Feb 2011 |
QUOTE(ronn77 @ Nov 24 2011, 05:57 PM) In next few years you will see our markets is bombarded with thousands of VP on the SOHO, SOFO, SOVO or whatever they want to call it. Judging fm the price for Atria, I would say they will having tough times to rent out just to cover the instalment they took fm the bank. To know the market well, imagine whether if you are willing to pay for that kind of money to rent such a pigeon hole. call it SOTO...hahaha |
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Nov 25 2011, 07:30 AM
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270 posts Joined: Feb 2011 |
QUOTE(accetera @ Nov 25 2011, 01:25 AM) they roped in PJ's first Louis Vuitton store and a Cinema operator.. the future reason to justify HAHAHAHA LOL accetera kor, a lot of positive points from you. any particular reason?but then again some projects in cheras, sunway, subang, kota dsara, other parts of PJ, etc ared surpassed this price so why the big fuss? looking at the market high end brands are coming to storm the affluent, England-speaking PJ populace. Isetan and Tangs are opening in 1U, and when the MRT completes, wooo Bandar Utama and surrounding Damansara/TTDI home prices will shooooot. Damansra Uptown condos will be launched at around rm900-1,100 psf next year. looks like my 1,000 psf by 2014 for most of PJ is coming really true and earlier than expected |
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Nov 25 2011, 07:32 AM
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270 posts Joined: Feb 2011 |
QUOTE(R o Y @ Nov 25 2011, 02:22 AM) No matter who they manage to bring in, it will still be a suburban mall. How can this Atria compare with Mid Valley...Atria land is smaller than Mid Valley....The other projects in Cheras, Sunway, Subang, Kota Damansara and other parts of PJ may or may not be overpriced as well. But that's a different discussion all together. Lets just compare Atria with Mid Valley. Northpoint residences and offices are going for RM700-RM1000psf, similar to Atria SOFO launching price. So Northpoint has its RM700-RM1000psf price supported by Mid Valley City being the most crowded mall/office area in Malaysia and future developements such as: 1. Setia Eco City 2. Abdullah Hukum LRT will be walking distance after SEC completed 3. Proposed future MRT Whereas Atria SOFO's RM700-RM1000psf price is supported by: 1. Future Atria The MRT will not have a significant positive impact on landed property prices in Bandar Utama and TTDI, more likely to have a negative impact actually. Only condos will probably go up driven by higher rentals. Damansara Uptown is a total different animal compared to the Damansara Jaya commercial area. - Uptown is just along LDP and Sprint highway, DJ is in the middle of a housing estate - Uptown has many MNC tenants, DJ's most high profile tenant is probably just Gamuda - Uptown is just next to BU which has 1Utama and more importantly MSC status, DJ is pretty close by too... but is it close enough? End of the day I could also be wrong, there is always a probability that OSK will do a superduper job to turn Atria into a mall that rivals Mid Valley. Potential Investors will just have to decide if they think the probability is high enough for them to put money in or not |
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Nov 25 2011, 07:44 AM
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270 posts Joined: Feb 2011 |
QUOTE(Gyokumen_Koushu @ Nov 25 2011, 12:54 AM) I am from "the investor club". finally the truth is reveal...rebate 10%.Do not make profit from buyer. Profit from developer. 1: Do you buy directly from developer? Which agent serving you? 2: Developer do not give rebate of 10%. 3: For those who did booking, are well aware of the admin fees the developer charging for cancellation. 4. Means you sign booking but you do not know the terms and regulations? 5. IF YOU REALLY BOOK OFFICIALLY FROM DEVELOPER, booking fee fully refundable + admin fee (around 1k) Bottom-line, 3 possibilities: a) You book under-table, not from developer. b) You did not do any bookings at all. c) You are full time investor who buy property like buy vegetables. No need to review sales performa. Suggestions: 1) Pay admin fees | Faster 7-14 days get back booking. 2) Look for buyers before SPA signing. |
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Nov 25 2011, 09:55 AM
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555 posts Joined: Dec 2008 |
QUOTE(GlobalKL @ Nov 25 2011, 07:30 AM) There a lot of question need to be answered..1) they mention gsc and louis vuitton? stated in spa or any black or white? I believe none, word of mouth 2) why not buy a real soho instead of office? 3) why buying at the peak as when market is showing some sign of correction. 4) will there be demand > supply in this mickey house? 5) no car park? 6) who the tenant that can pay $2500 for a 500sf sovo? KDU student? they not even sunway student 7) too many question on the investor club that purchase lower? how are you going to throw lower than them or rent lower than them upon vp? just my 2 cents...but of course long term all thing tend to go up but is this the best for you? for somebody may be and may not be for someone else |
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Nov 25 2011, 01:18 PM
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10 posts Joined: Jun 2011 |
QUOTE(GlobalKL @ Nov 25 2011, 07:44 AM) Of course, this is what i found out. Where got ppl buy bulk in the early stage and sell for developer without profit?! Charity kah? In that case, sure a lot of developer need them to do more charity in the future. Hahaha!!!! |
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Nov 25 2011, 03:56 PM
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1,151 posts Joined: Aug 2008 |
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Nov 25 2011, 03:58 PM
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596 posts Joined: Jun 2008 |
Funny thing , condo without car park also people want. if car that park further away along the road etc, better dont buy expensive cars bcos theives will be on the look out daily, and steal away the car, even car alarm no use bcos the owner cant hear too far away. thieves will say not to worried take yr time to steal, owner cant hear anything. BECAREFUL OF YR beautiful CAR PARK ALONG THE ROAD daily OR FURTHER AWAY FROM YR PREMISES. INCREASE IN CAR STOLEN LATER or will get SAMAN.
SO NO POINT BUY PROPERTY WITHOUT CAR PARK. EITHER YR WIFE PARK OR U PARK. FIGHTING FOR PARKING EVEN HAVE ONLY 1 CAR PARK. BETTER GET BICYCLE This post has been edited by lowyat888: Nov 25 2011, 04:00 PM |
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Nov 25 2011, 04:14 PM
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Senior Member
1,175 posts Joined: Sep 2006 From: PJ SS 2 |
Definitely rent a car park will be No
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Nov 25 2011, 04:19 PM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
Empire damansara also no car park
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Nov 25 2011, 04:20 PM
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90 posts Joined: Jan 2011 From: Petaling Jaya |
Atria SOFO topic is really hot recently.... everywhere i heard ppl talking abt it.... i owned 2 dsl house in PJ (1 in Du, 1 in ss23).... i'm so happy to see P.J getting more and more hapening..... hope the price for landed in p.j will increase furhter..... =) cheers....
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Nov 25 2011, 11:47 PM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
QUOTE(Kl_property88 @ Nov 25 2011, 01:18 PM) Of course, this is what i found out. Where got ppl buy bulk in the early stage and sell for developer without profit?! Charity kah? In that case, sure a lot of developer need them to do more charity in the future. Hahaha!!!! Kl_property88GlobalKL Up until now, these jokers still totally have no clue on what is going on. It is rather pathetic, really. |
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Nov 25 2011, 11:51 PM
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171 posts Joined: Nov 2011 |
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Nov 25 2011, 11:54 PM
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All Stars
10,777 posts Joined: Sep 2009 |
Metropolitan Sq in Damansara Perdana will be launching their last 2 blocks soon. (their previous launch was Block D which is underconstruction)
I heard it's "suites" again.... :ohno: This post has been edited by accetera: Nov 25 2011, 11:55 PM |
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Nov 26 2011, 12:28 PM
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1,184 posts Joined: May 2005 |
People are buying offices as if it is condo.
Genuinely, who does these SoFo serves? office-occupiers or home-occupiers? It is priced at RM400k hence rental would need to be RM2,000/m to make investment sense. Why would I pay RM2,000/m for a unfurnished office units when i can go to any second-grade serviced offices and enjoy full office facilities such as meeting room, conference facilities and etc for RM1,000 or less? Or go to Regus in a genuine office address and pay about the same rental every month? GTower is only charge RM2,000 odd for one workstation, and that kind of heart of KL. And is there so much demand from small business owners? Is there such a big group of these people to justify the demand for small sized offices suites in the PJ vicinity? I am in doubt on who will be the genuine occupiers, and investors/ speculators are hoping that these products can fly like studio, when it is genuinely an office. RM400k I might as well get Tropics Studio which is genuinely for residential purpose. |
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Nov 26 2011, 01:56 PM
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753 posts Joined: Dec 2008 |
QUOTE(Robert L @ Nov 25 2011, 04:20 PM) Atria SOFO topic is really hot recently.... everywhere i heard ppl talking abt it.... i owned 2 dsl house in PJ (1 in Du, 1 in ss23).... i'm so happy to see P.J getting more and more hapening..... hope the price for landed in p.j will increase furhter..... =) cheers.... support u on that statement kau kau. kekeke. Landed residentials around the old prime PJ areas should enjoy the spillover effects from these SO*O / SO-whatevers. Like the ss23 area v much. Makes a great addition to a property portfolio. |
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Nov 26 2011, 02:18 PM
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All Stars
10,777 posts Joined: Sep 2009 |
my neighbourhood nearby has recorded a record transaction recently...
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Nov 26 2011, 05:15 PM
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Junior Member
10 posts Joined: Jun 2011 |
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Nov 26 2011, 05:45 PM
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All Stars
13,761 posts Joined: Jun 2011 |
QUOTE(Kl_property88 @ Nov 26 2011, 05:15 PM) Sorry for being straight forward, i might affect your sales and profit but i just want to tell the truth. Im sorry bro. No worries bro, ppl who r goin to gain margin or profit no matter in biz or sales, should b a lil polite. I dun go out telling my potential clients their views or opinions r wrong. In tis case I can c some urgency in DISPOSING off some units. Sori if I hav offended anyone. |
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Nov 27 2011, 10:00 AM
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Junior Member
270 posts Joined: Feb 2011 |
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Nov 27 2011, 10:14 AM
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Junior Member
270 posts Joined: Feb 2011 |
QUOTE(Gyokumen_Koushu @ Nov 25 2011, 11:47 PM) Kl_property88 Gyokumen_Koushu/derrick @ 012 9443 953,GlobalKL Up until now, these jokers still totally have no clue on what is going on. It is rather pathetic, really. who are the jokers here? and what clue do you expect? Who is more pathetic or desperate now? Let us see what other foumers said about this "practice"... http://www.myrealestate.com.my/viewtopic.p...=17149&start=50 linustw wrote: we should all boycott developers that allow name transfer after booking.. it's unethical..... kevlos wrote: I agree. Full support. This inevitably leads to unsustainable pricing and bubble. Please stop before people get burnt. mymatthew wrote: some joker is asking for RM50K commission So who are the real jokers here? I would let the forumers to decide... The Atria SOFO suites taken up in a day PETALING JAYA: Property developer OSK Property Holdings Bhd's The Atria in Damansara Jaya is off to a running start. It sold off all of its The Atria SOFO (Small Office Flexible Office) suites on the first day of launch last Friday. Eager purchasers lined up at the sales gallery on the eve of the launch, hoping to be the first buyers. The Atria SOFO suites are one of the components of the new The Atria project which replaces the old Atria Shopping Centre, one of the oldest shopping centres in Petaling Jaya. Demolition began in August this year. Buyers have a look at a model of The Atria SOFO during the launch. Buyers have a look at a model of The Atria SOFO during the launch. Besides the SOFOs, The Atria integrated development also comprises a shopping gallery with a gross floor area of 600,000 sq ft and a net lettable area of 450,000 sq ft, including an entertainment facility. The 5.5-acre freehold project has a gross development value (GDV) of close to RM1 billion. Currently, only the SOFO suites are for sale as plans for the shopping gallery are still being finalised. The suites are flexible and can be utilised either as work or living space. The 392 units of SOFO are housed in two 16-storey towers above the retail floors and have a total GDV of RM200 million. Built-ups range from 488 to 1,343 sq ft. Prices range from RM360,800 to RM1 million or RM720 to RM1,000 per sq ft. The facilities at The Atria SOFO suites include a lap pool, jacuzzi, gymnasium, sun deck, sauna, meeting room, sky lounge and garden. The basic units are fitted with air-conditioning and heater points. There are 1,959 parking bays. Emily Cheng, OSK Property senior public relations and communications executive, said at the launch that the developer was confident the units would be fully sold in three days. But the units were 100% taken up by 4.30pm on the first day of launch. The purchasers were a mixture of investors and owner-occupiers. "Homebuyers and investors are very selective given the global economic conditions. But property developments in good locations are still very hot," she said. During the launch, purchasers were given an early bird rebate. Construction will begin next month and is expected to be completed in 36 months. |
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Nov 27 2011, 10:16 AM
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Junior Member
270 posts Joined: Feb 2011 |
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Nov 27 2011, 10:35 AM
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All Stars
13,761 posts Joined: Jun 2011 |
Agreed to u, boss. I'm not trying to upset or humiliating anyone but when there r ppl trying to just flip like he/ she think there r so many water fishes out there, I really got offended. Furthermore some of them even acted too aggressively n start to insult ppl who r giving opinions against theirs.
I'm doin investment in props too but I alwiz leave it to buyers to decide or nego wateva they think they can afford. I dun like to c arrogant sellers toking big s if there ll b no other options if v dun buy theirs. |
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Nov 27 2011, 11:12 AM
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Senior Member
1,151 posts Joined: Aug 2008 |
QUOTE(GlobalKL @ Nov 27 2011, 10:00 AM) Not dreaminglar..just no more update frm tat carmen,so confirm is mass email collecting ar? Added on November 27, 2011, 11:16 am QUOTE(GlobalKL @ Nov 27 2011, 10:16 AM) Agree kaw kaw! Why apologize?? We hv right to voice opinion...don't hv to resort to personal attack.. This post has been edited by walle: Nov 27 2011, 11:16 AM |
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Nov 27 2011, 09:22 PM
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Senior Member
1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
QUOTE finally the truth is reveal...rebate 10%. You made a personal comment on me saying i makan 10%. Thus i hereby, openly said we do not make profit from buyer. QUOTE QUOTE(Kl_property88 @ Nov 25 2011, 01:18 PM) Of course, this is what i found out. Where got ppl buy bulk in the early stage and sell for developer without profit?! Charity kah? In that case, sure a lot of developer need them to do more charity in the future. Hahaha!!!! Kl_property88GlobalKL Up until now, these jokers still totally have no clue on what is going on. It is rather pathetic, really. Sorry if i offended anyone. What i am trying to clarify is that: Developer do not give 10% rebate or whatsoever. QUOTE(Kl_property88 @ Nov 25 2011, 01:18 PM) Those "investor club" makan 10% rebate . Thats why they can sell back to the market with original price. Their profit is 10% of the property price. I am being very transparent here. We do no makan "10% rebate". We gave rebate back to buyer. Well, again i am sorry i offended anyone, implying that despite the fact i already explained myself clearly giving back full rebate to buyer, you take me as "other unscrupulous agent who makan 10% rebate". This post has been edited by Gyokumen_Koushu: Nov 30 2011, 04:49 PM |
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Nov 27 2011, 09:27 PM
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Senior Member
7,923 posts Joined: Feb 2007 From: 1 Malaysia |
So u doing for free? As service for lowyat members?
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Nov 27 2011, 09:36 PM
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Senior Member
1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
Kindly refer to my older posts.
Already upfront being transparent, not hiding anything. Already clarified clearly that i do not profit from buyer. We profit from developer. There are "other unscrupulous agent who makan 10% rebate". Others who rip of the rebate from developer. But again not me. Thanks. This post has been edited by Gyokumen_Koushu: Nov 30 2011, 04:48 PM |
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Nov 28 2011, 01:01 AM
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Senior Member
555 posts Joined: Dec 2008 |
The problem with this kind of scheme is that those investor actually paid booking fees
and when times are bad and they can't off load, they will just let the small booking fees forfeited... they can't take the bulk and sign spa it is a hit and run game...especially now showing some sign of cooling we shall see the massive cancellation if the market is bad and dev will be stranded with all these unit as they are non genuine buyer... it is only the economy will tell who is the ultimate loser here.. |
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Nov 28 2011, 01:05 AM
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Junior Member
267 posts Joined: Jan 2011 |
Good luck to those people buying pigeon hole at ridiculous price....
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Nov 28 2011, 12:43 PM
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Senior Member
555 posts Joined: Dec 2008 |
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Nov 28 2011, 02:10 PM
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Senior Member
1,946 posts Joined: Aug 2009 |
whats wrong when developers outsource their sales arm/marketing to agents?? the cost is abt the same...
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Nov 28 2011, 02:14 PM
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Junior Member
270 posts Joined: Feb 2011 |
[quote=Gyokumen_Koushu,Nov 27 2011, 09:22 PM]
You made a personal comment on me saying i makan 10%. Thus i hereby, openly said we do not make profit from buyer. Kl_property88 GlobalKL Up until now, these jokers still totally have no clue on what is going on. It is rather pathetic, really. [/quote] Sorry if i offended anyone. What i am trying to clarify is that: 1. Tower A = Developer give 5% discount. 2. Tower B = Developer give 5k rebate + 0.5% discount. Developer do not give 10% rebate or whatsoever. I am being very transparent here. We do no makan "10% rebate". We gave 5k rebate letter to buyer + 0.5% discount letter to buyer. Well, again i am sorry i offended anyone, implying that despite the fact i already explained myself clearly giving back full rebate to buyer, you take me as "other unscrupulous agent who makan 10% rebate". [/quote] Show me where I mentioned about your name and accuse you makan 10%... I just re-phase what was said by Kl_property88. Don't put your words into my mouth! This post has been edited by GlobalKL: Nov 28 2011, 02:15 PM |
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Nov 28 2011, 02:27 PM
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Junior Member
270 posts Joined: Feb 2011 |
QUOTE(lucerne @ Nov 28 2011, 02:10 PM) whats wrong when developers outsource their sales arm/marketing to agents?? the cost is abt the same... nothing wrong...legally speaking everything is looked perfect, i suppose but morally speaking is another story...this is a listed company at Bursa Malaysia http://www.bursamalaysia.com/website/bm/ma...rices/index.jsp with stockcode: 6661/OSKPROP Don't you think it is a bit misleading to ad that all units were taken up ? http://www.theedgeproperty.com/news-a-views/8898.html but the reality is all unfolded story here? |
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Nov 28 2011, 07:04 PM
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Senior Member
4,230 posts Joined: Jan 2009 |
With so many -ve feedback on this thread, I didn't even bother to go to the sales office even though I received the invitation
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Nov 28 2011, 07:12 PM
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Senior Member
1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
QUOTE I just re-phase what was said by Kl_property88. Don't put your words into my mouth! =.= your are right. You are merely rephrasing. My bad. Apologized for losing my cool. And i believe kl_property88 had a typo where he said developer give 10%, whereby he actually meant is 10k. Either way, which we do not take. Again all i was trying to proof is that, heck i am not the bad apple. Thanks. |
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Nov 28 2011, 11:42 PM
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All Stars
10,777 posts Joined: Sep 2009 |
PJ will definitely hit RM1,000 psf faster than expected, earlier than 2014.
Alot of foreign companies shifting to PJ Damansara area. The european, african and arab expats we have today are no longer the MK/Ampang/Sierramas-type. They now stay at The Tropics @ Tropicana City and Pelangi Utama... lol... Honestly the expats we have today are like Msians trying to find some jobs overseas. The expats come here to expose themselves to the Asian marketplace, add to their resume for their future management-level career elsewhere in Asia. Soon many expats will dash in to get jobs that Msian professionals should be getting but can't. This post has been edited by accetera: Nov 28 2011, 11:52 PM |
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Nov 29 2011, 12:04 AM
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Senior Member
555 posts Joined: Dec 2008 |
QUOTE(accetera @ Nov 28 2011, 11:42 PM) PJ will definitely hit RM1,000 psf faster than expected, earlier than 2014. With due respect, accetera tai kor, i know you are a pro in this area.Alot of foreign companies shifting to PJ Damansara area. The european, african and arab expats we have today are no longer the MK/Ampang/Sierramas-type. They now stay at The Tropics @ Tropicana City and Pelangi Utama... lol... Honestly the expats we have today are like Msians trying to find some jobs overseas. The expats come here to expose themselves to the Asian marketplace, add to their resume for their future management-level career elsewhere in Asia. Soon many expats will dash in to get jobs that Msian professionals should be getting but can't. But in what position can we judge any mid term prices less than 5 years where we are unsure of the global economy outlook where malaysia is vulnerable as well, unless you have a crystal ball? Yes, expats, but how many? we have temendous supply of soho, sovo and sofo or sotong coming up. All with high density and high plot ratio, where most dev do not built soho to evade plot ratio and other guidelines. the question is will market be able to absord this tremendous supply of new breed soho? do we have millions of expats coming in as each project we all talking about thousand of units.. And you are right about the Rm1,000psf, the question is always when and can we rent out at RM2,500 for all these units? Just my 2 cents |
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Nov 29 2011, 12:10 AM
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Senior Member
930 posts Joined: Sep 2009 |
Where is the most expensive per square foot price in PJ at the moment?
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Nov 29 2011, 12:12 AM
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Junior Member
61 posts Joined: Jun 2011 |
QUOTE(accetera @ Nov 28 2011, 11:42 PM) PJ will definitely hit RM1,000 psf faster than expected, earlier than 2014. Malaysia urbanization ratio is 65% now. It will hit 80% few years to come. Check around will know how many of us is from outstation. Everyone is flocking to Klang Valley because this is the place we can make the most.Alot of foreign companies shifting to PJ Damansara area. The european, african and arab expats we have today are no longer the MK/Ampang/Sierramas-type. They now stay at The Tropics @ Tropicana City and Pelangi Utama... lol... Honestly the expats we have today are like Msians trying to find some jobs overseas. The expats come here to expose themselves to the Asian marketplace, add to their resume for their future management-level career elsewhere in Asia. Soon many expats will dash in to get jobs that Msian professionals should be getting but can't. So, the demands for housing/office/commercial is definately raising. I can bet that the psf will never be RM750 anymore in the near future. Moreover, generally the income of PJ people is expanding. Where to park their money ? Property is one of the places. Land is scare here. Construction cost is raising. Foreign investors will come in. Judging from the waiting list, it shown it is likable by hundred or maybe thousand. The price of Real estate is always about sentiment. We can find this in Atria......... |
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Nov 29 2011, 12:37 AM
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All Stars
10,777 posts Joined: Sep 2009 |
Do you guys realise there are many foreigners and super England-speaka kids hanging around in 1Utama these days? Demographics are changing.
Frankly, OSK should launch Serviced Apartments instead of whatever SoFo.. But since nasi sudah jadi bubur, I think if Atria Shopping Gallery turns out well, the SoFo should be ok. Those renting around DJ shoplots upstairs can consider moving to SoFo, and those insurance agency, florist (LOL), lawyer burok-cum-accountants, architect-cum-engineer professor, travel agencies, can move to SoFo. Ah Long can also move to SoFo for better reputation. LOL Yes I agree overall looking at the office market is actually quite scary. This post has been edited by accetera: Nov 29 2011, 12:39 AM |
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Nov 29 2011, 12:44 AM
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Junior Member
267 posts Joined: Jan 2011 |
Malaysians have not experienced drop in property price as we have the holding power to sustain. Don't forget current property price is no longer low compared to 5 years ago. I really doubt we still can hold on with our household debts. I foresee many firesales r going to happen in the next 2 years.
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Nov 29 2011, 09:28 AM
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Senior Member
7,923 posts Joined: Feb 2007 From: 1 Malaysia |
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Nov 29 2011, 09:37 AM
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Senior Member
555 posts Joined: Dec 2008 |
QUOTE(Ambang2 @ Nov 29 2011, 12:44 AM) Malaysians have not experienced drop in property price as we have the holding power to sustain. Don't forget current property price is no longer low compared to 5 years ago. I really doubt we still can hold on with our household debts. I foresee many firesales r going to happen in the next 2 years. not necessary will happen as we are still not over the limit yetBut people will only start throwing when there is a economy crisis, people who think they have holding power will not do so when they lost their job in recession or business fail And people who wait for fire sales will also have less confidence. In short, you will be in recession if you are layoff |
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Nov 29 2011, 10:02 AM
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Junior Member
171 posts Joined: Nov 2011 |
As long as USA continues to print more money, inflation will go on and property price will moving uptrend until one day the bubble burst.
Even burst, nowadays western countries know very well how to sweep under the carpet. The slump will be temporary even burst. |
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Nov 29 2011, 10:41 AM
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Junior Member
5 posts Joined: Sep 2011 |
Have a unit to pass on due to the fact that I cannot obtain a loan coz of overcommitment.
545 sf, level 12. Will pass on all discounts and whatever to the intended purchaser. Will also pay the cost of transfer (around RM1k), which is still way better than losing RM5k booking fee. I can also be reached at alexchoowh@gmail.com Let me know if interested, or if you have friends/family who are keen on this unit. Thanks a bunch, guys! This post has been edited by Discord: Nov 29 2011, 10:43 AM |
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Nov 29 2011, 10:43 AM
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Senior Member
1,151 posts Joined: Aug 2008 |
QUOTE(Discord @ Nov 29 2011, 10:41 AM) Have a unit to pass on due to the fact that I cannot obtain a loan coz of overcommitment. Mind to share/PM the purchase price and rebate..etc..??545 sf, level 12. Will pass on all discounts and whatever to the intended purchaser. Will also pay the cost of transfer (around RM1k), which is still way better than losing RM5k booking fee. I can also be reached at alexchoowh@gmail.com Let me know if interested, or if you have friends/family who are keen on this unit. Thanks a bunch, guys! |
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Nov 29 2011, 11:55 PM
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Junior Member
61 posts Joined: Jun 2011 |
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Nov 30 2011, 12:03 AM
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Junior Member
295 posts Joined: Jul 2011 |
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Nov 30 2011, 12:12 AM
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Junior Member
5 posts Joined: Sep 2011 |
QUOTE(ManutdGiggs @ Oct 8 2011, 06:44 PM) Apparently the retail units are only to be leased.That way, they can control the tenants, which greatly reduces chances of the mall being a flop. It will weed out investors, and allow actual tenants only. Oh on another note, I found out that GSC is one of the anchor tenant. Another Tropicana City Mall (TCM)? You decide. Let me know your opinions. As for the pricing, some may argue that it is pricey. Yes, no doubt. But do take into consideration that this is DIBS. Hence, the pricing now is actually viewed in the future when the project completes. As a comparison, TCM's current price range is around RM720psf, while Atria's selling price is approx. RM750psf. There are a few main differences: 1. Atria offers free S&P, while TCM is on your own expense. 2. While Atria is priced at a premium compared to TCM, in 3 years time when Atria completes, do you still think that TCM will still stay at the same price as now? It should prolly inflate by then, thus making Atria look more attractive (slightly). Of course, there are risks to take, like how successful will the mall be? These are just my opinions, pls feel free to state your arguments, and not shoot me down without a valid reason. Added on November 30, 2011, 12:21 am QUOTE(bakacupid @ Nov 30 2011, 12:03 AM) Neither. DJ's residents' association are against OSK building a high rise residential area.Hence, they came out with the idea of SOFO, which exploits its grey area. It is classified under commercial, but apparently can be used as residential. It is also designed to be residential. Like having a pool: How does that relate to office use, I wonder. By classifying as SOFO, they get a backdoor pass for the building approval, without any disputes with the residents' association. This post has been edited by Discord: Nov 30 2011, 12:21 AM |
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Nov 30 2011, 09:53 AM
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Senior Member
555 posts Joined: Dec 2008 |
QUOTE(Discord @ Nov 30 2011, 12:12 AM) Apparently the retail units are only to be leased. Not trying to shoot you down blindly, my friend.That way, they can control the tenants, which greatly reduces chances of the mall being a flop. It will weed out investors, and allow actual tenants only. Oh on another note, I found out that GSC is one of the anchor tenant. Another Tropicana City Mall (TCM)? You decide. Let me know your opinions. As for the pricing, some may argue that it is pricey. Yes, no doubt. But do take into consideration that this is DIBS. Hence, the pricing now is actually viewed in the future when the project completes. As a comparison, TCM's current price range is around RM720psf, while Atria's selling price is approx. RM750psf. There are a few main differences: 1. Atria offers free S&P, while TCM is on your own expense. 2. While Atria is priced at a premium compared to TCM, in 3 years time when Atria completes, do you still think that TCM will still stay at the same price as now? It should prolly inflate by then, thus making Atria look more attractive (slightly). Of course, there are risks to take, like how successful will the mall be? These are just my opinions, pls feel free to state your arguments, and not shoot me down without a valid reason. Added on November 30, 2011, 12:21 am Neither. DJ's residents' association are against OSK building a high rise residential area. Hence, they came out with the idea of SOFO, which exploits its grey area. It is classified under commercial, but apparently can be used as residential. It is also designed to be residential. Like having a pool: How does that relate to office use, I wonder. By classifying as SOFO, they get a backdoor pass for the building approval, without any disputes with the residents' association. First of all, do you know the different between soho and sofo? I believe you don't, if you does, you will not be stating this here. You mentioned that it can be used for residential, how sure are you and where you get your fact, SA? Do you know the exact reason why developer putting the name sofo, sovo rather than soho? And this has nothing to do with resident association my friend. Just a reminder that if you do not know don't mislead other. p/s : It is already a wait and see market now, we can tell the market is quiet now by looking at asking price correction, so what the rush? |
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Nov 30 2011, 10:12 AM
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5 posts Joined: Sep 2011 |
QUOTE(kelvin667 @ Nov 30 2011, 09:53 AM) Not trying to shoot you down blindly, my friend. Feel free to explain.First of all, do you know the different between soho and sofo? I believe you don't, if you does, you will not be stating this here. You mentioned that it can be used for residential, how sure are you and where you get your fact, SA? Do you know the exact reason why developer putting the name sofo, sovo rather than soho? And this has nothing to do with resident association my friend. Just a reminder that if you do not know don't mislead other. p/s : It is already a wait and see market now, we can tell the market is quiet now by looking at asking price correction, so what the rush? |
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Nov 30 2011, 10:16 AM
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1,151 posts Joined: Aug 2008 |
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Nov 30 2011, 11:29 AM
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Newbie
9 posts Joined: Nov 2011 |
I am letting go a unit of Atria Sofo, 19th Floor (highest floor), 540sf at the original price of RM527K together with the 5% discount and RM5K rebate. My loan was not approved due to some loan issues. I am willing to absorb the transfer fee.
Kindly PM me if anyone of you are interested (serious buyer only). Thanks a lot! |
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Nov 30 2011, 11:38 AM
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Senior Member
596 posts Joined: Jun 2008 |
prices around the market is just manipulated by people/agents. can sell or not, no one knows. a seller can put as high as they want, but can sell or not is another thing or just for the sake of advertising for fun or test market. loan interest still running and continue to serve the interest or other hidden cost.
time is running out fast, very min/day is $$. if dont sell/rent out, indirectly lose $$. Dont rely on seller price. the best things is always ask a valuer to value the property to see how much it worth. bank also reluctant to loan out ridiculous loan to borrower, just in case anything happened. a safety net is always there. There is always a guide from the valuer and the seller price. FOR ATRIA SOFO CONCEPT IS SPOILER DUE TO NO PARKING LOT. BUYING SUCH AN EXPENSIVE UNIT, WHERE DO THEY PARK THEIR CARS? ADDITIONAL HIDDEN COST. IN KL ALSO DONT HAVE SUCH CONCEPT RENTING CONCEPT. BUYING SEASONAL PARKING SPACE. EVERYTHING IS EXPENSIVE IF REALLY CALCULATE TO MAINTAIN THE UNIT. FOR THE SHOPPING MALL, WONT SEE ANY GOOD PROSPECT AT ALL and the prices wont be cheap for sure. rental will kill the business there for good. WAIT AND SEE HOW THE ELECTION PLAY RESULT. BY THE TIME DONT KNOW WHATS THE FUTURE IN PLACE (FEW MORE YEARS ANYTHING CAN HAPPEN or even can change over night) This post has been edited by lowyat888: Nov 30 2011, 04:07 PM |
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Nov 30 2011, 12:02 PM
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All Stars
10,777 posts Joined: Sep 2009 |
I would like to remind everyone that SOFO is an office play, office market.
As I said before you'll be looking at upgraders (to SoFo) from those businesses at the shoplots nearby. The success would be highly dependent on the response to Atria Shopping Gallery, where GSC Cinema is a potential tenant (coincidentally GSC office is based at Damansara Jaya). Kindly do not compare it with other residential-type properties. The upcoming ones at Damansara Uptown are Serviced Apartments (proposed) and Serviced Residences (Ascott). This post has been edited by accetera: Nov 30 2011, 12:04 PM |
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Nov 30 2011, 12:46 PM
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Senior Member
753 posts Joined: Dec 2008 |
QUOTE(accetera @ Nov 30 2011, 12:02 PM) I would like to remind everyone that SOFO is an office play, office market. Chief, it's doesn't matter whether it's called a SOFO or whatever, or whether it is meant as an office play.As I said before you'll be looking at upgraders (to SoFo) from those businesses at the shoplots nearby. The success would be highly dependent on the response to Atria Shopping Gallery, where GSC Cinema is a potential tenant (coincidentally GSC office is based at Damansara Jaya). Kindly do not compare it with other residential-type properties. The upcoming ones at Damansara Uptown are Serviced Apartments (proposed) and Serviced Residences (Ascott). One has to ask - what would be true purpose of the investors or ordinary chums that buy into the Atria? Is it really for office use, or will it be used as a residential play? I'm pretty sure it's the later, and not the former. Then, the next thing u know - it will magically be termed as a commercial residence, and plonked under the HDA as well. That's how your original service residence started by the way. On that basis, i see nothing wrong with doing cross polination benchmarking vs. other prop types. |
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Nov 30 2011, 04:17 PM
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Senior Member
596 posts Joined: Jun 2008 |
Just different marketing strategic, what ever term call it SOFO etc. Just to make $$. Just wondering is OSK property good in their property product or half past six.
future prospect, it will be a flop for office( over supply of office space) and privacy for residential also very poor (if mixture of office n residential) as well as for shopping mall. |
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Nov 30 2011, 09:56 PM
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Junior Member
267 posts Joined: Jan 2011 |
Why suddenly got 2 buyers claimed they can't get loan approval n willing to pass on to next potential buyers?
My questions are why they never do self assessment on their eligibility? Why they didn't return the unit to developer? Now they r many speculators just try their luck to make money. I m very concerned on this worrying trend.... |
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Nov 30 2011, 09:57 PM
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Senior Member
7,923 posts Joined: Feb 2007 From: 1 Malaysia |
Buy and sell before s&p
I also want |
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Nov 30 2011, 10:35 PM
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1,346 posts Joined: Jul 2009 |
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Nov 30 2011, 11:07 PM
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555 posts Joined: Dec 2008 |
if this is service apartment with car park, i think it's a good play
office some more without car park. Seems like many people letting go giving 5% looking for waterfish where they get 10% from dev Looking at vintage_x with 2 post both asking to sell this unit, we know he is agent trying to offload |
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Nov 30 2011, 11:15 PM
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1,346 posts Joined: Jul 2009 |
QUOTE(kelvin667 @ Nov 30 2011, 11:07 PM) if this is service apartment with car park, i think it's a good play With such kind of practice, I have decided to stay away from all OSK development though I own shares of OSK properties. Good to question them in the next EGM. office some more without car park. Seems like many people letting go giving 5% looking for waterfish where they get 10% from dev Looking at vintage_x with 2 post both asking to sell this unit, we know he is agent trying to offload |
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Dec 1 2011, 12:37 AM
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603 posts Joined: Jun 2010 |
I do not think this is a good project and worth to purchase.
Sofo = ??? Can stay or cannot stay..just depends on the future... Sofo = office = over supply flip also hard RM850 psqf...where is the rental yield? DJ so congested, how people going to squeeze into this new project? If paying RM850psqf for this Sofo why not paying RM490psqf for Bandar Utama Centro - RM570k for 1170 unit. This is the cheapest i found among all new projects since a year plus ago but i also give up...no rental yield too. I strongly believe Yr2012 will be a correction year for property, latest will be YR 2013. Many new units out into the market without good rental which owner will suffer and throw price, then sell it cheap and cut loss or even Auction!! Added on December 1, 2011, 12:48 amTake an example: 540Sqf - RM527k. 527k - 10% = RM474,300 RM474,300 loan amount plus legal fees and etc about RM RM490k --> Installment roughly RM 2,300. Installment 2300 Maintenance RM200 Total monthly pay out RM 2,500 (Mont Kiara price by expartriate) The Tenant need to pay RM 2,500 for 540 sqf unit (room) per month or RM83.33 per day = budget hotel charges Can this unit fetch this rental to cover the monthly payout? Take the calculation the other way. RM 527,000 x 6% yield per annum = RM 31620/year = RM2,635 per month. This unit cant even hit 6% rental yield. If the rental only RM 1000 (hopefully able to fetch RM1000). Rm1000 x 12 = RM12k per annum. Rental Yield = 12k/527k = 2.27% <--- the investor or owner going to be in deep shit. How many single excutive / couple able to pay for rental of RM1000 per month for 540sqf unit? Can they share with other friends for condo such as tropics, ken 1, ken 2, jasmine tower, pelangi utama 1 & 2 with RM 500 per room? For your infor, Crimson apartment rental = RM 1000 for 800sqf unit with 3 rooms. This post has been edited by RomaNce: Dec 1 2011, 12:53 AM |
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Dec 1 2011, 01:30 AM
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All Stars
10,777 posts Joined: Sep 2009 |
Atria SOFO is an office play. Not a residential.
Small office for those above shoplots. Carpark not provided. Good for those who invest for flip, flip. But I won't invest in such real estate because risk is normally higher. More projects coming to PJ Damansara soon, and eventually the price will break RM1,000 psf, as one developer claimed it will make it happen very soon due to construction boom next year. =) This post has been edited by accetera: Dec 1 2011, 01:32 AM |
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Dec 1 2011, 08:32 AM
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2,294 posts Joined: Sep 2011 |
QUOTE(RomaNce @ Dec 1 2011, 12:37 AM) I do not think this is a good project and worth to purchase. majority just want to flip. They don't really care about the long term rental yield lah... i think.Sofo = ??? Can stay or cannot stay..just depends on the future... Sofo = office = over supply flip also hard RM850 psqf...where is the rental yield? DJ so congested, how people going to squeeze into this new project? If paying RM850psqf for this Sofo why not paying RM490psqf for Bandar Utama Centro - RM570k for 1170 unit. This is the cheapest i found among all new projects since a year plus ago but i also give up...no rental yield too. I strongly believe Yr2012 will be a correction year for property, latest will be YR 2013. Many new units out into the market without good rental which owner will suffer and throw price, then sell it cheap and cut loss or even Auction!! Added on December 1, 2011, 12:48 amTake an example: 540Sqf - RM527k. 527k - 10% = RM474,300 RM474,300 loan amount plus legal fees and etc about RM RM490k --> Installment roughly RM 2,300. Installment 2300 Maintenance RM200 Total monthly pay out RM 2,500 (Mont Kiara price by expartriate) The Tenant need to pay RM 2,500 for 540 sqf unit (room) per month or RM83.33 per day = budget hotel charges Can this unit fetch this rental to cover the monthly payout? Take the calculation the other way. RM 527,000 x 6% yield per annum = RM 31620/year = RM2,635 per month. This unit cant even hit 6% rental yield. If the rental only RM 1000 (hopefully able to fetch RM1000). Rm1000 x 12 = RM12k per annum. Rental Yield = 12k/527k = 2.27% <--- the investor or owner going to be in deep shit. How many single excutive / couple able to pay for rental of RM1000 per month for 540sqf unit? Can they share with other friends for condo such as tropics, ken 1, ken 2, jasmine tower, pelangi utama 1 & 2 with RM 500 per room? For your infor, Crimson apartment rental = RM 1000 for 800sqf unit with 3 rooms. |
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Dec 1 2011, 10:05 AM
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753 posts Joined: Dec 2008 |
QUOTE(accetera @ Dec 1 2011, 01:30 AM) Atria SOFO is an office play. Not a residential. well....let's see if the construction boom turns into an inward explosion for these hotshot developers Small office for those above shoplots. Carpark not provided. Good for those who invest for flip, flip. But I won't invest in such real estate because risk is normally higher. More projects coming to PJ Damansara soon, and eventually the price will break RM1,000 psf, as one developer claimed it will make it happen very soon due to construction boom next year. =) |
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Dec 1 2011, 10:21 AM
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2,294 posts Joined: Sep 2011 |
last time, when boom time, just build more....
when down time, abandon project... but now if abandon project, can get into jail right? |
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Dec 1 2011, 10:28 AM
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555 posts Joined: Dec 2008 |
Rm1,000psf...it will definitely reach
the question is always when? I believe not going to be in the coming fews year How much more we can push the limit Looking at the data, our prices are pushed up in a short period of time and this is not healthy, even some near klcc not dare to ask for RM1,000psf PJ icon city is asking for 950psf, if free, feel free to check out their sales then we know if market are ready for 1,000psf next year |
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Dec 1 2011, 11:35 AM
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Junior Member
331 posts Joined: Dec 2011 |
QUOTE(kelvin667 @ Dec 1 2011, 10:28 AM) Rm1,000psf...it will definitely reach u r very outdated, some near klcc not dare to ask 1k psf ???? when and where u get this info ??hohothe question is always when? I believe not going to be in the coming fews year How much more we can push the limit Looking at the data, our prices are pushed up in a short period of time and this is not healthy, even some near klcc not dare to ask for RM1,000psf PJ icon city is asking for 950psf, if free, feel free to check out their sales then we know if market are ready for 1,000psf next year banyan tree, asking already 2k psf la .... This post has been edited by kkkk: Dec 1 2011, 11:36 AM |
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Dec 1 2011, 02:40 PM
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Senior Member
603 posts Joined: Jun 2010 |
Flip normally will kena one day because do not have back up cash to hold it and not long term.
Jail -- is government gimmik oh. Those building this sofo or any other property normally by subsidiary and not owned by the owner...they can use anyone to be a share holder and small paid up company. Therefore still not controlling the situation unless jail the mother company share holder then is good. I just want to see how PJ area can go up to Rm1000sqf and who dare to go in. Even KL RM1000 per sqf also die. Malaysia has small population not other countries somemore little foreign investment...how to push the price up.....only speculation. Therefore whoever buy and flip without holding power, once completed will facing the problem. |
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Dec 1 2011, 04:23 PM
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555 posts Joined: Dec 2008 |
QUOTE(kkkk @ Dec 1 2011, 11:35 AM) u r very outdated, some near klcc not dare to ask 1k psf ???? when and where u get this info ??hoho sorry matebanyan tree, asking already 2k psf la .... tat why i say some....not direct opposite example mcity - only about 650 - 700psf element - 700psf embassy view - also around 8++psf and that expats area so what is damansara to expats |
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Dec 1 2011, 08:36 PM
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603 posts Joined: Jun 2010 |
QUOTE(kelvin667 @ Dec 1 2011, 04:23 PM) sorry mate Damansara is k lei fei to expartriate or only for k lei fei epartriate which enjoy the jam with some garage and old shops.tat why i say some....not direct opposite example mcity - only about 650 - 700psf element - 700psf embassy view - also around 8++psf and that expats area so what is damansara to expats |
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Dec 1 2011, 11:28 PM
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Junior Member
360 posts Joined: Feb 2005 |
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Dec 2 2011, 12:45 AM
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1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
QUOTE(katijar @ Dec 1 2011, 10:21 AM) last time, when boom time, just build more.... HDA is enforced since 2009 for all residential projects. when down time, abandon project... but now if abandon project, can get into jail right? Where all business owners are require to register to government. Jail = gimmick. Fact = these owners paid a certain premium for insurance coverage to government. Should anything happened to the project (eg: abandoned), government will assign other developer to take over the project via the insurance. Thus, protecting buyers from becoming victims. QUOTE Jail -- is government gimmik oh. Those building this sofo or any other property normally by subsidiary and not owned by the owner...they can use anyone to be a share holder and small paid up company. Therefore still not controlling the situation unless jail the mother company share holder then is good. True. |
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Dec 2 2011, 01:24 AM
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7,923 posts Joined: Feb 2007 From: 1 Malaysia |
So any anyone bought so far from this sellers online?
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Dec 2 2011, 10:34 AM
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555 posts Joined: Dec 2008 |
let's wait for SHC one at uptown
i think it is a better play.. |
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Dec 2 2011, 02:46 PM
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Junior Member
5 posts Joined: Sep 2011 |
QUOTE(airline @ Dec 2 2011, 01:24 AM) Yeah managed to sell mine yesterday. Passed on all the discounts included.Demand is still there, no doubt about it. What ppl see here is their own opinion. If the ppl here see it as good, then go get it. If they think it is a flop, why try so hard to convince ppl that it is gonna be a flop? I still don't get it. As to SHC's one, it is the same style according to sources. Gonna have no car park either. |
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Dec 2 2011, 02:56 PM
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Senior Member
2,703 posts Joined: Jul 2007 |
QUOTE(RomaNce @ Dec 1 2011, 12:37 AM) I do not think this is a good project and worth to purchase. Totally agree 101%. at 2.27% returns (and this is gross not yet include maintenance fees, etc) investors better put their money in FD whioch yields anywhere from 3-4% p.a.Sofo = ??? Can stay or cannot stay..just depends on the future... Sofo = office = over supply flip also hard RM850 psqf...where is the rental yield? DJ so congested, how people going to squeeze into this new project? If paying RM850psqf for this Sofo why not paying RM490psqf for Bandar Utama Centro - RM570k for 1170 unit. This is the cheapest i found among all new projects since a year plus ago but i also give up...no rental yield too. I strongly believe Yr2012 will be a correction year for property, latest will be YR 2013. Many new units out into the market without good rental which owner will suffer and throw price, then sell it cheap and cut loss or even Auction!! Added on December 1, 2011, 12:48 amTake an example: 540Sqf - RM527k. 527k - 10% = RM474,300 RM474,300 loan amount plus legal fees and etc about RM RM490k --> Installment roughly RM 2,300. Installment 2300 Maintenance RM200 Total monthly pay out RM 2,500 (Mont Kiara price by expartriate) The Tenant need to pay RM 2,500 for 540 sqf unit (room) per month or RM83.33 per day = budget hotel charges Can this unit fetch this rental to cover the monthly payout? Take the calculation the other way. RM 527,000 x 6% yield per annum = RM 31620/year = RM2,635 per month. This unit cant even hit 6% rental yield. If the rental only RM 1000 (hopefully able to fetch RM1000). Rm1000 x 12 = RM12k per annum. Rental Yield = 12k/527k = 2.27% <--- the investor or owner going to be in deep shit. How many single excutive / couple able to pay for rental of RM1000 per month for 540sqf unit? Can they share with other friends for condo such as tropics, ken 1, ken 2, jasmine tower, pelangi utama 1 & 2 with RM 500 per room? For your infor, Crimson apartment rental = RM 1000 for 800sqf unit with 3 rooms. If for office play, wrost still. How many of those small lawyer firms or accountant firm are there. M'sia is not an open economy like SG or HK. Sure become another white elephant if developers are not careful and i am not very confident with OSK property since they have not much track record of building value for their properties. They are more like the chinaman type of company i.e. squeeze as much as pissible from the buyer then dissapear. |
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Dec 2 2011, 04:15 PM
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122 posts Joined: May 2011 |
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Dec 2 2011, 04:24 PM
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Senior Member
1,217 posts Joined: Sep 2004 From: 127.0.0.1 |
bbb!
And i thought that Altium @ damansara perdana, "is already having exclusive psf" < 830, with msc status.... |
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Dec 3 2011, 10:08 AM
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555 posts Joined: Dec 2008 |
QUOTE(karma888 @ Dec 2 2011, 04:15 PM) if is RM100 psf increase why not it' service apartment and i think the chances to rent out to expat is higher since so many office there I believe they will provide car park as this is residential play anyway where the source that say this is without carpark normally unit without carpark only applies to office |
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Dec 4 2011, 12:10 AM
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4,230 posts Joined: Jan 2009 |
QUOTE(kelvin667 @ Dec 3 2011, 10:08 AM) if is RM100 psf increase why not I hope the price won't reach 1mil .. it' service apartment and i think the chances to rent out to expat is higher since so many office there I believe they will provide car park as this is residential play anyway where the source that say this is without carpark normally unit without carpark only applies to office |
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Dec 6 2011, 01:47 PM
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768 posts Joined: Jan 2005 |
Alot of you mentioned expats, but alot of expats in my office (MSC status company) only rent in Mont Kiara for around 2.3k for a proper condo which they can share among the bachelors or for a family.
No expat is going to rent 2.5k for a 500sf unit. |
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Dec 6 2011, 06:22 PM
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2,703 posts Joined: Jul 2007 |
QUOTE(miuk @ Dec 6 2011, 01:47 PM) Alot of you mentioned expats, but alot of expats in my office (MSC status company) only rent in Mont Kiara for around 2.3k for a proper condo which they can share among the bachelors or for a family. Those that mentioned to be rent to expat are only saying it to soothe themselves/ was influenced by others. We all know there are hardly any expats in Damansara Jaya area, mostly locals. And yes, even if they are expats I am very sure expats are not stupid enough to pay RM 2-3 k for a 500 sqft unit. Expat usually come with family and want a bigger place while the single expat traveller will look at more happening area like Bukit Bintang or Mont Kiara instead of residential area like Damansara Jaya.No expat is going to rent 2.5k for a 500sf unit. |
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Dec 6 2011, 06:39 PM
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768 posts Joined: Jan 2005 |
To be honest, back when I was studying, majority of KDU students would also rather rent nearer to the mewah shops, way closer to the cyber cafes and college.
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Dec 6 2011, 07:10 PM
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603 posts Joined: Jun 2010 |
Alamak...those bought Atria for investment....where is the expart market now.....
Anyway i do not see expart will come to DJ as JAM, Different Level of market compared to MK, Bangsar and KL. Unless Expart from Africa, Bangla or Middle East....maybe 4 to 5 person in one unit...but also hard because they prefer to other cheaper condo or landed house... What is the market for Atria??? I just do not really know..... |
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Dec 6 2011, 09:21 PM
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2,703 posts Joined: Jul 2007 |
I have a feeling OSK is gonna screw this one up and will end up like the old atria of late i.e. empty and not a lot of people....
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Dec 6 2011, 10:09 PM
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662 posts Joined: Jan 2003 |
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Dec 6 2011, 10:14 PM
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All Stars
10,777 posts Joined: Sep 2009 |
QUOTE(RomaNce @ Dec 6 2011, 07:10 PM) Alamak...those bought Atria for investment....where is the expart market now..... The expats are actually in the Bandar Utama-Mutiara Damansara area now. Anyway i do not see expart will come to DJ as JAM, Different Level of market compared to MK, Bangsar and KL. Unless Expart from Africa, Bangla or Middle East....maybe 4 to 5 person in one unit...but also hard because they prefer to other cheaper condo or landed house... What is the market for Atria??? I just do not really know..... There is an increasing number of Expats renting The Tropics studios at Tropicana City Mall. Maybe thanks to my employer. HAHA When I say expats, means they are workers of young professionals earning as much as ordinary Malaysians in Malaysia. These days no such thing as large pool of high-rankings ones or white-skinned ones. They are here to gain "ASIA" exposure (i mean East Asia high growing emerging economies). This post has been edited by accetera: Dec 6 2011, 10:21 PM |
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Dec 6 2011, 10:27 PM
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603 posts Joined: Jun 2010 |
QUOTE(accetera @ Dec 6 2011, 10:14 PM) The expats are actually in the Bandar Utama-Mutiara Damansara area now. Yes fully agreed. BU and MD can be a good area with good infra with a lot of good company for expat. There is an increasing number of Expats renting The Tropics studios at Tropicana City Mall. Maybe thanks to my employer. HAHA When I say expats, means they are workers of young professionals earning as much as ordinary Malaysians in Malaysia. These days no such thing as large pool of high-rankings ones or white-skinned ones. They are here to gain "ASIA" exposure (i mean East Asia high growing emerging economies). Nowadays a lot really from East Asia and others which come as passer by for experience. These group of expat of course with lower budget compared to those at MK, Bangsar and KL but they able to afford better living as well which as in Tropics (Dijaya corp your emploer). Added on December 6, 2011, 10:29 pm QUOTE(aquest @ Dec 6 2011, 10:09 PM) the old atria was screwed kaw2 by lhcb to the extent that it had to be placed under monitoring accounting before selling to osk. OSK should be making a log of money - 850 per sqf some more with shoplots at this area. Buying their share better than their property oh. Getting their share mean 'you' become osk selling Atria to the buyers.This post has been edited by RomaNce: Dec 6 2011, 10:29 PM |
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Dec 7 2011, 05:02 AM
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28 posts Joined: Nov 2011 |
QUOTE(mercury8400 @ Dec 6 2011, 06:22 PM) Those that mentioned to be rent to expat are only saying it to soothe themselves/ was influenced by others. We all know there are hardly any expats in Damansara Jaya area, mostly locals. And yes, even if they are expats I am very sure expats are not stupid enough to pay RM 2-3 k for a 500 sqft unit. Expat usually come with family and want a bigger place while the single expat traveller will look at more happening area like Bukit Bintang or Mont Kiara instead of residential area like Damansara Jaya. Ngi gong dao you tao li. (what you said is very true)Ngai hao chan sin. (i agree with you) |
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Dec 14 2011, 11:56 PM
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All Stars
10,777 posts Joined: Sep 2009 |
News:
Damansara Jaya-based, Malaysia's largest construction company Gamuda Bhd will move out and relocate to Damansara Perdana's PJ Trade Centre to be a major tenant at Menara Taiko and a few more floors at Menara Mustapha Kamal. Damansara Jaya loses a major corporate tenan but good for the traffic flow in that area. |
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Dec 15 2011, 12:12 AM
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753 posts Joined: Dec 2008 |
QUOTE(accetera @ Dec 14 2011, 11:56 PM) News: please lah. Gamuda just occupies one shoplot. No big deal. Office is quiet maciam cemetary. No difference to us residents.Damansara Jaya-based, Malaysia's largest construction company Gamuda Bhd will move out and relocate to Damansara Perdana's PJ Trade Centre to be a major tenant at Menara Taiko and a few more floors at Menara Mustapha Kamal. Damansara Jaya loses a major corporate tenan but good for the traffic flow in that area. |
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Dec 15 2011, 12:39 AM
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All Stars
10,777 posts Joined: Sep 2009 |
QUOTE(Phoeni_142 @ Dec 15 2011, 12:12 AM) please lah. Gamuda just occupies one shoplot. No big deal. Office is quiet maciam cemetary. No difference to us residents. The Gamuda Group occupies a few rows and office space at the top floors... i think 3 rows including Gamuda Land on the other side. It has maybe a hundred staffs based there. Overall and all subsidiaries/interests, the company has about 5,000 staffs. This post has been edited by accetera: Dec 15 2011, 12:41 AM |
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Dec 15 2011, 03:20 AM
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Senior Member
7,923 posts Joined: Feb 2007 From: 1 Malaysia |
Better for empire damansara purchasers
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Dec 15 2011, 10:15 AM
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753 posts Joined: Dec 2008 |
QUOTE(accetera @ Dec 15 2011, 12:39 AM) The Gamuda Group occupies a few rows and office space at the top floors... i think 3 rows including Gamuda Land on the other side. If that's a key anchor tenant we lost......well, I don't see it as a loss at all.It has maybe a hundred staffs based there. Overall and all subsidiaries/interests, the company has about 5,000 staffs. This post has been edited by Phoeni_142: Dec 15 2011, 10:20 AM |
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Dec 16 2011, 10:53 AM
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555 posts Joined: Dec 2008 |
No lah, where got 5000 staff working there?
I always go there makan and seldom see many people walk out from that building. Very quiet also. Just an office..it will get occupied by other tenants. This is not a commercial retail, so it is not crowd pulling, is not affect much if is moved out |
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Dec 20 2011, 11:01 PM
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4 posts Joined: Nov 2011 |
Why the developers like to build SOVO/SOFO?
Mainly 2 reasons: 1) to avoid being fallen under Housing Developer Authority's control. The developers will have their own standards of SNP that favour them; 2) to escape from the Bank Negara ruling of housing loan. Banks will still grant up to 80%/90% loan for SOVO/SOFO despite of the number of housing loan the borrower is currently having. SOVO/SOFO can't be used for dwelling purpose. Wonder the local council will enforce it in the future? Maybe there will be a new guideline on this! If these products are mainly for office use, wonder the oversupply of office space in Klang Valley will have great impact on this? Unless many of those existing office tenants from the traditional 3/4 storey shopoffices prefer to relocate at SOVO! Office rental rate will be in the range of RM3-RM4 psf in the next couple of years, may be a decade! For those who bought at RM750psf and wish to sell at RM900 psf, who will be next taker just for a gross yield of less than 5%? |
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Apr 16 2012, 03:36 PM
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Newbie
1 posts Joined: Jul 2011 From: Bandar Saujana Putra |
another project by OSK, SOFO Suites at Paragon, Pan’gaea @ Cyberjaya, anyone has any idea about it?
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Dec 16 2012, 10:40 PM
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All Stars
10,777 posts Joined: Sep 2009 |
Construction is on full swing. Rising rising rising for this fully sold out project. I was told the mall will have a cinema and a supermarket.
ATRIA SHOPPING GALLERY & ATRIA SOFO SUITES, DAMANSARA JAYA Developer: OSK Property Holdings Bhd Contractor: Beijing Urban Construction Group ![]() One week later... ![]() QUOTE ![]() ![]() |
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Apr 24 2015, 08:57 PM
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All Stars
12,528 posts Joined: Feb 2013 |
Atria Shopping Gallery's tenants are out n they are very impressive by todays standards with all those malls coming up.. a lot of food options as well for those damansara ppl.. a much btr tenant mix than tropicana mall..
Anchor & Mini-Anchor Tenants include: Village Grocer CHI Fitness Hamley's Toy Store Jungle Gym Molly Fantasy Theme Park Ace Hardware Daiso Times Book Store Sports Direct Nilufar Pets&Aquatic Pre School Treehouse Mothercare This post has been edited by Babizz: Apr 24 2015, 09:04 PM |
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Apr 24 2015, 09:04 PM
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All Stars
12,528 posts Joined: Feb 2013 |
Notable FnB restaurants amongst the tens of unique restaurants here... This mall will surely do well in serving the culinary needs of the damansara crowd..
absolute thai Nando's Manmaru Antipodean Cafe Kame Sushi Pizzolo S'Mores Bar Ying Ker Lou Hakka Cuisine Artistry By Artisan Coffee Bar Dave's Deli |
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Apr 24 2015, 10:45 PM
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2,165 posts Joined: Jul 2013 |
Hope it won't be another boring malll like ioi mall
been there only once and no more mood want to go Still Midvalley, pavilion the best |
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Apr 24 2015, 10:58 PM
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All Stars
12,528 posts Joined: Feb 2013 |
QUOTE(ryan@chua @ Apr 24 2015, 08:45 AM) Hope it won't be another boring malll like ioi mall My opinion of the best 5: been there only once and no more mood want to go Still Midvalley, pavilion the best 1. MV 2. Pavi 3. Sunwai 4. 1u 5. KLCC atria is a Fnb focused neighborhood mall with more than the usual neighborhood stuff.. theme park/ indoor kids jungle/ ace hardware etc.. IOI City is very much like AEON bkt tinggi.. same tenants thr.. they cld have more unique tenants but ioi is a regional mall n will do well In the future malls with no concept wont do well.. one example is our transit MU sentral mall with only FnB doing well due to high spending power office nearby. |
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Apr 24 2015, 11:46 PM
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2,165 posts Joined: Jul 2013 |
Ya. My top 5 more or less the same as you, well I forsee sunway velocity can be top 6 very soon.
The rest....aka aka mall, let's them fighting each other. 😉 |
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Apr 29 2015, 11:30 AM
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82 posts Joined: Apr 2015 |
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Apr 29 2015, 12:17 PM
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1,497 posts Joined: Jun 2012 |
this project seems delayed like 1yr?
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Apr 29 2015, 01:07 PM
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All Stars
12,528 posts Joined: Feb 2013 |
QUOTE(ryan@chua @ Apr 24 2015, 09:46 AM) Ya. My top 5 more or less the same as you, well I forsee sunway velocity can be top 6 very soon. Haha.. Sunway Velocity cant be number 6.. Putra is getting good tenants so far n velocity might be harder due to mytown being too closeby..The rest....aka aka mall, let's them fighting each other. 😉 Number 6 will be Empire City Mall.. Yes all the other malls will kill each other.. Esp those in cheras/USJ with empire remix, Damen (do well), MCT mall.. I still shocked with Atria's tenants leh but i know its easier to get FnB tenants la Atria, sunway putra n mitsui mall all opening on 28/5/15... |
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Apr 29 2015, 01:57 PM
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Apr 29 2015, 01:58 PM
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Apr 29 2015, 02:10 PM
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3,834 posts Joined: May 2008 |
Another SOFO project.
So where are the sofo/sovo naysayers? |
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Apr 29 2015, 03:04 PM
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All Stars
13,761 posts Joined: Jun 2011 |
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Apr 29 2015, 03:16 PM
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5,436 posts Joined: Jan 2011 |
QUOTE(Babizz @ Apr 24 2015, 10:58 PM) My opinion of the best 5: nice ranking. same choice as u. manyak tenants sure agree your ranking list. 1. MV 2. Pavi 3. Sunwai 4. 1u 5. KLCC atria is a Fnb focused neighborhood mall with more than the usual neighborhood stuff.. theme park/ indoor kids jungle/ ace hardware etc.. IOI City is very much like AEON bkt tinggi.. same tenants thr.. they cld have more unique tenants but ioi is a regional mall n will do well In the future malls with no concept wont do well.. one example is our transit MU sentral mall with only FnB doing well due to high spending power office nearby. MV still top of the list for most tenants. This post has been edited by HELLO HELLO: Apr 29 2015, 03:17 PM |
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Apr 29 2015, 03:22 PM
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4,177 posts Joined: Jan 2003 |
some sofo buyer already body blooded as they need to pay gst in cash
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Apr 29 2015, 03:38 PM
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3,834 posts Joined: May 2008 |
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Apr 29 2015, 03:39 PM
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All Stars
13,761 posts Joined: Jun 2011 |
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Apr 29 2015, 03:39 PM
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Apr 29 2015, 03:52 PM
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82 posts Joined: Apr 2015 |
29.4.2015
[attachmentid=4430991] why d photos upload sideways ... stupid computer. This post has been edited by Frankoi: Apr 29 2015, 04:07 PM |
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Apr 29 2015, 04:06 PM
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82 posts Joined: Apr 2015 |
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Apr 29 2015, 08:20 PM
Show posts by this member only | IPv6 | Post
#298
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1,780 posts Joined: Jul 2008 |
good place , many makan place ~ one more place for movie?
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Apr 29 2015, 09:00 PM
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38 posts Joined: Apr 2015 |
QUOTE(LTG @ Apr 29 2015, 08:20 PM) From Skyscrapercity The cinema is not seen in the complex floor plans posted by protoman earlier anyway!Which means it'll likely be similar to GSC Paradigm / 1U or TGV AEON Kepong, where the cinema is on the rooftop and above the carpark, for convenience (especially to those watching movies that end after the mall has closed)! |
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Apr 29 2015, 10:10 PM
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5,436 posts Joined: Jan 2011 |
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Apr 29 2015, 10:28 PM
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All Stars
12,528 posts Joined: Feb 2013 |
QUOTE(HELLO HELLO @ Apr 29 2015, 01:16 AM) nice ranking. same choice as u. manyak tenants sure agree your ranking list. Kamsiah.. I think either 1u or Sunway Pyramid might fall out of the top 5 in the next 3-4yrs with the change in the retail arena... Im talking about how BJ City n Empire city mall will affect them.. I bliv most resilient of the 3 suburb megamalls will always be MV as Eco city will increase connectivity MV still top of the list for most tenants. |
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Apr 29 2015, 11:28 PM
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1,780 posts Joined: Jul 2008 |
midvalley is hard to replace ~good location with office and hotel
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May 12 2015, 08:46 PM
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All Stars
10,777 posts Joined: Sep 2009 |
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May 12 2015, 10:27 PM
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196 posts Joined: Dec 2013 |
QUOTE(accetera @ May 12 2015, 08:46 PM) Origin from http://www.skyscrapercity.com/showthread.php?t=931710&page=8but re-written/re-duplicate/re-copy at http://www.ptlm.com.my/index.php/component...-on-28-may-2015 where the webpage owned by accetera. Show your respectful to Protoman from skyscrapercity for his hard work, at least "CREDITED to HIM"! |
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May 12 2015, 11:15 PM
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All Stars
10,777 posts Joined: Sep 2009 |
QUOTE(maodi @ May 12 2015, 10:27 PM) Origin from http://www.skyscrapercity.com/showthread.php?t=931710&page=8 Our source came not from forum. but re-written/re-duplicate/re-copy at http://www.ptlm.com.my/index.php/component...-on-28-may-2015 where the webpage owned by accetera. Show your respectful to Protoman from skyscrapercity for his hard work, at least "CREDITED to HIM"! Also, Atria website already revealed long time ago but forumers elsewhere did not put credit. This post has been edited by accetera: May 12 2015, 11:16 PM |
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May 12 2015, 11:26 PM
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196 posts Joined: Dec 2013 |
QUOTE(accetera @ May 12 2015, 11:15 PM) Our source came not from forum. A big lier we juz saw - Atria website has not up yet. All the tenants was posted by Protoman from Skyscrapercity and you behaved like a copier and claimed urself got it from elsewhere. Come'on, be gentle a bit!Also, Atria website already revealed long time ago but forumers elsewhere did not put credit. |
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May 12 2015, 11:31 PM
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All Stars
10,777 posts Joined: Sep 2009 |
QUOTE(maodi @ May 12 2015, 11:26 PM) A big lier we juz saw - Atria website has not up yet. All the tenants was posted by Protoman from Skyscrapercity and you behaved like a copier and claimed urself got it from elsewhere. Come'on, be gentle a bit! Bro, it's here: http://www.atria.o2o.my. Fyi, many more facts are written and approved in our article.Anyway we in the industry already knew this long time ago. I do not lie, and I've no ill intentions. Even our bro Babizz also shared some before on his FB page long time ago. Cheers. This post has been edited by accetera: May 12 2015, 11:32 PM |
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May 22 2015, 10:34 PM
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All Stars
12,528 posts Joined: Feb 2013 |
ALMOST four years after demolishing the 30-year-old Atria Shopping Centre in the SS22 commercial hub of Damansara Jaya, Selangor, developer OSK Property Holdings Bhd ( Financial Dashboard) plans to open its sleek incarnation, Atria Shopping Gallery, on May 28.
The 5.7-acre retail centre will have eight levels — five, from the lower ground to the third floor, for retail and three for parking, including one at basement level. Part of the second and third floors will also offer parking space for the convenience and safety of the shoppers. Coming up on top of the mall is Atria SoFo Suites, which comprises two 19-storey towers of small office/flexible offices (SoFos). The mall has a net lettable area (NLA) of 470,000 sq ft and gross floor area of 1.38 million sq ft, which includes the space for parking and M&E (mechanical and engineering) facilities. Its gross development value is RM700 million. Atria Shopping Gallery is positioned to not only cater for the middle to upper-income group in Damansara Jaya, Bandar Utama, SS2 and Taman Megah but also differentiate itself from its competitors, director of leasing Sally Low tells City & Country. Indeed, the mall is opening when Malaysia’s retail industry is facing challenging times. There is an oversupply of malls around the country, say real estate consultants. According to data from C H Williams Talhar and Wong Sdn Bhd (WTW), retail space in the Klang Valley, as at Dec 31, 2014, stood at 49.03 million sq ft while average occupancy was around 88%. “This year, the retail sector is expected to stay quiet with new mall owners likely to experience difficulty in maintaining occupancy in view of the likely completion of more shopping centres,” says the real estate agency. Besides Atria Shopping Gallery, other significant new retail developments coming up are phase three of Sunway Pyramid at Sunway Integrated Resort City, Sunway Putra Mall in Jalan Putra and Jakel Capsquare Mall in Jalan Munshi Abdullah in Kuala Lumpur, says WTW, adding that these will introduce about 2.1 million sq ft of NLA to the market. “All these retail centres are part of asset enhancement initiatives, except for Sunway Velocity Mall (in Cheras), which is a new project,” it says. Savills Malaysia managing director Allan Soo has this to say: “We have too many malls, period. There are already more than 150 in the Klang Valley alone, offering a combined 52 million sq ft of retail space or 7.6 sq ft per capita. We don’t need so many. “(Due to stiff competition), every new mall will just have to be better than the last five. (In fact), some of the last five malls are already dead. In the Petaling Jaya area, the retail space per capita is more than 11 sq ft — the highest in the country. By 2016, this will hit 12 sq ft per capita, which means dilution of sales density per store for all retailers or further consolidation.” This is apart from the factors that dampen consumer sentiment, such as the newly implemented Goods and Services Tax (GST) and other economic concerns, says Soo. “Generally, 2015 is expected to be worse than last year as Europe continues to be mired in economic woes, the oil price drops and the ringgit weakens. Retailers expect this to be perhaps the worst ever year and the strength of the US dollar will cause further inflationary pressures on pricing.” These challenges, plus its high expectations, have resulted in OSK Property sparing no expense in making Atria Shopping Gallery a success. It has invested heavily in the mall’s retail mix, interior design and accessibility. “We really want the best for the mall. While we have a budget, since this mall is a flagship, the minute the boss (executive director Ong Ju Xing) sees there is a need to provide even more money, he approves it,” Low says. Apart from Atria Shopping Gallery which is the group’s flagship mall, there will be two more — one in Cheras and the other in Sungai Petani, Kedah — targeted at the mass market, she adds. They will offer a combined NLA of 1.16 million sq ft. An upmarket tenant mix Atria Shopping Gallery will have a few anchor tenants consisting of some familiar names and some new ones. “For a neighbourhood mall, the anchor tenants cannot be department stores because they are too big and can occupy up to 25% of the space. So, we will have mini-anchor tenants instead, which is typical of a family mall,” Low explains. According to her, these are the Village Grocer supermarket, Chi Fitness gym, Jungle Gym children’s play centre, Times Bookstore, The Little Treehouse Kindergarten, Dynasty Dragon Chinese banquet restaurant, Nilufar Petstore, Hamleys UK toy shop, a premium HKL Electrical store, Ace Hardware, Sports Direct.com, Terranova high-street fashion store, NEXT UK clothing store and MNG, which includes MNG Kids, Violetta and MNG Man. She notes that a supermarket is vital for a neighbourhood mall as it determines the clientele of the establishment. “Like it or not, women are the majority of shoppers. Some say it’s the children but it’s really the lady of the house who decides where the family goes. So, we wanted Village Grocer because we know it is the best in town.” Popular dining option Dynasty Dragon, which was formerly at SS2 Mall in Petaling Jaya, will occupy 25,000 sq ft. It has already received at least three bookings for wedding banquets ahead of the mall’s opening, Low notes. “In Petaling Jaya, restaurants that can host banquets and weddings are really popular because of the number of families living in the area. These places are always packed. In fact, Dynasty Dragon was asked if it could hold a wedding banquet on the day of the launch itself. But to have the couple ‘officiate’ at the opening [of Atria Shopping Gallery] didn’t sound right lah,” she laughs. The MNG store will be the biggest one in Malaysia, occupying almost 10,000 sq ft, says Low, adding that it will boast the latest collections from Europe. Atria Shopping Gallery’s smaller retailers are no less interesting. Some of the F&B tenants may be familiar names but they will introduce new concepts, says Low. Two of these are Japanese restaurant Kame Sushi and the Antipodean Café. The former is making its first appearance in a mall while the latter is setting up an upscale version of its cafés. Currently, 82% of Atria Shopping Gallery has been leased out. “No mall will be able to, or want to, lease out 100%. We do have a list of potential tenants with whom we hope to close deals soon. It’s just a matter of them meeting the deadline for renovating their lots,” says Low. The retailers were selected with a discerning eye for the long-term benefit of the mall, she adds. OSK Property has set an ambitious target to have least 70% of its tenants open for business on launch day. Some may wonder if this is possible as OSK Property races against time to complete construction. “We may or may not be able to exceed 70% because we don’t want standard retail designs. A fair bit of time has been spent on having the tenants redesign their shops. While their contractors say they cannot meet the deadline, they are trying,” Low remarks. “Even if they are not ready to sell their products or services, they can light up their façade, so that means their shops will have merchandising on display.” She notes that typically, at least 50% of a mall’s tenants should be open for business on launch day. “It’s good if you have 60% to 70% of them open and if you can achieve more than that, that’s very good (in this economic climate).” OSK Property is targeting 15,000 visitors per weekday and 30,000 visitors per day on the weekends, Low adds. LandServe Sdn Bhd managing director Chen King Hoaw says the number of tenants that have signed up is heartening. However, he notes that some tenants may wish to delay their opening until the mall has gained traction. Savills’ Soo observes that fast fashion brands will likely remain popular due to their competitive pricing strategies but this will exert pressure on local brands in the segment. “F&B will be affected by GST and we can already see that the new tax system is causing unhappiness among the retailers. I think the segment will consolidate further but with the funds coming in to acquire some of these groups, we can expect a turf war and some casualties,” he says. Improving the neighbourhood To overcome the challenges posed by the location — bad traffic and congestion due to a shortage of parking space, compounded by the ongoing construction works on the mall — OSK Property is undertaking, at its own expense, activities such as road levelling between the mall and the shophouses that face the building, re-tarring and doubling the width of the immediate and secondary roads around the mall to 40 ft, enhancing the road kerbs, improving the drainage system and planting new trees, says director of centre management Lee Beng Beng. To top it all, it has — with the permission of the Petaling Jaya City Council — changed traffic flow to one way and installed three new traffic lights and upgraded the old one, he adds. “As with any new development, there are obviously some enhancements (of the surrounding area that) we have to look into. We are doing this not because we are the single biggest investor in Damansara Jaya but because we want the neighbourhood to benefit from the upgrade. “Although it’s still very congested because the car parks are not open yet, we’ve designed the mall in such a way that it will ease future congestion. There are five drop-off and pick-up points. One of the drop-off points is elevated — one floor above road level — which is also aimed at dispersing traffic,” says Lee. Some 1,700 parking bays will be provided once the mall is opened, nearly triple the number of bays offered by the old Atria. This should alleviate the parking problem in the area, Lee adds. All the effort being poured into the mall aside, it still remains to be seen if Atria Shopping Gallery will get off the ground in good time. However, once it is open, this new entrant into Petaling Jaya’s retail industry may well give the market the jolt it needs. This article first appeared in City & Country, The Edge Malaysia Weekly, on April 27 - May 3, 2015. |
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May 22 2015, 10:50 PM
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5,436 posts Joined: Jan 2011 |
Wah very pandai. They bring in antipodean here. Good good.
This post has been edited by HELLO HELLO: May 22 2015, 10:51 PM |
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May 22 2015, 10:52 PM
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5,436 posts Joined: Jan 2011 |
Looks like Sunway putramall screw up Liao. May postpone some more... Jialat Liao.
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May 22 2015, 10:57 PM
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All Stars
12,528 posts Joined: Feb 2013 |
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May 22 2015, 11:33 PM
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2,663 posts Joined: Feb 2013 |
QUOTE(maodi @ May 12 2015, 11:27 PM) Origin from http://www.skyscrapercity.com/showthread.php?t=931710&page=8 Ptlm has its own source. Need to give credit to them. but re-written/re-duplicate/re-copy at http://www.ptlm.com.my/index.php/component...-on-28-may-2015 where the webpage owned by accetera. Show your respectful to Protoman from skyscrapercity for his hard work, at least "CREDITED to HIM"! But recently... to force us to visit ptlm website (via its fb) to increase traffic there, pltm now copy and paste all property related news into the post rather than using link of source. Like u mentioned, copy n paste ppls work into its website. Just quote the source there. How la, it cut off the traffic to the website for those who written the article. Ethic wise..no so nice lo. Hope pat kor hear it loud and clear. This post has been edited by propertybbb: May 22 2015, 11:34 PM |
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May 22 2015, 11:38 PM
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All Stars
13,761 posts Joined: Jun 2011 |
QUOTE(propertybbb @ May 22 2015, 11:33 PM) Ptlm has its own source. Need to give credit to them. But recently... to force us to visit ptlm website (via its fb) to increase traffic there, pltm now copy and paste all property related news into the post rather than using link of source. Like u mentioned, copy n paste ppls work into its website. Just quote the source there. How la, it cut off the traffic to the website for those who written the article. Ethic wise..no so nice lo. Hope pat kor hear it loud and clear. |
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May 28 2015, 06:59 PM
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All Stars
12,528 posts Joined: Feb 2013 |
Saw Atrias pictures.. Truly STUNNING! Most high keras mall in Damansara So far!
Thumbs UP OSK! |
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May 28 2015, 08:24 PM
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5,436 posts Joined: Jan 2011 |
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May 28 2015, 08:37 PM
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All Stars
10,722 posts Joined: Nov 2011 |
QUOTE(propertybbb @ May 23 2015, 12:33 AM) Ptlm has its own source. Need to give credit to them. I usually don't agree with you.But recently... to force us to visit ptlm website (via its fb) to increase traffic there, pltm now copy and paste all property related news into the post rather than using link of source. Like u mentioned, copy n paste ppls work into its website. Just quote the source there. How la, it cut off the traffic to the website for those who written the article. Ethic wise..no so nice lo. Hope pat kor hear it loud and clear. This time I give you a |
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May 28 2015, 09:14 PM
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All Stars
12,528 posts Joined: Feb 2013 |
QUOTE(HELLO HELLO @ May 28 2015, 06:24 AM) Crowd ok but heard parking not open.. Duno night crowd.. Putra mall doesnt look nice to me..wont visit..nothing like this Atria's design https://www.facebook.com/MYRetail.Insight retail news and pics from Atria's FB Today marks the opening of 3 malls in the Klang Valley. MRI would like to highlight the Atria Shopping Gallery in Damansara Jaya for its good FnB focused tenant list & premium interiors..We believe Atria's amazing design n good FnB list including Antipodean Cafe would bring PJ folks back to Atria! Attached thumbnail(s) |
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May 28 2015, 09:16 PM
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1,227 posts Joined: Jun 2010 |
Saw the ad today,.no cinema. Me tink too many of these small neighboorhood malls la...encorp strand weekdays look like abandoned wit many shops not opened
Same wit jaya supermarket i heard small crowd This post has been edited by brother love: May 28 2015, 09:17 PM |
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May 28 2015, 09:16 PM
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135 posts Joined: Jun 2006 |
QUOTE(Babizz @ Apr 29 2015, 10:28 PM) Kamsiah.. I think either 1u or Sunway Pyramid might fall out of the top 5 in the next 3-4yrs with the change in the retail arena... Im talking about how BJ City n Empire city mall will affect them.. I bliv most resilient of the 3 suburb megamalls will always be MV as Eco city will increase connectivity Eco city actually purposely scrap the plan to.have its own mall.....tat is called collaboration |
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May 28 2015, 09:18 PM
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12,528 posts Joined: Feb 2013 |
QUOTE(brother love @ May 28 2015, 07:16 AM) Saw the ad today,.no cinema. Me tink too many of these small neighboorhood malls la...encorp strand weekdays look like abandoned wit many shops not opened Cinema in Phase 2 of Atria Mall.. DUno how that works out.. Encorp stran closing down when tropicana garden opens... Although atrias location not so good, but still their design n tenant list is good..No-one who walks in tis mall can guess tht the rental here is dam low.. |
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May 28 2015, 09:19 PM
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All Stars
10,722 posts Joined: Nov 2011 |
check back in 3 years time. I bet this going to be a mati mall
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May 28 2015, 09:22 PM
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May 28 2015, 09:23 PM
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12,528 posts Joined: Feb 2013 |
QUOTE(geolee @ May 28 2015, 07:16 AM) Ecocity still got small 400ksqft mall.. Really need FnB thr for the office n apartment thr |
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May 28 2015, 09:25 PM
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10,722 posts Joined: Nov 2011 |
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May 28 2015, 09:34 PM
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5,436 posts Joined: Jan 2011 |
QUOTE(Babizz @ May 28 2015, 09:14 PM) Crowd ok but heard parking not open.. Duno night crowd.. Putra mall doesnt look nice to me..wont visit..nothing like this Atria's design Wah... Talk till Putra mall so bad meh? Near Kenny hill wor. Well connect lrt and bus centre station wor surrounding area no more nice mall... Nearest should be sogo...Also outdated Liao.https://www.facebook.com/MYRetail.Insight retail news and pics from Atria's FB Today marks the opening of 3 malls in the Klang Valley. MRI would like to highlight the Atria Shopping Gallery in Damansara Jaya for its good FnB focused tenant list & premium interiors..We believe Atria's amazing design n good FnB list including Antipodean Cafe would bring PJ folks back to Atria! This post has been edited by HELLO HELLO: May 28 2015, 09:35 PM |
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May 28 2015, 09:37 PM
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May 28 2015, 09:38 PM
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10,722 posts Joined: Nov 2011 |
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May 28 2015, 09:44 PM
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QUOTE(Babizz @ May 28 2015, 09:23 PM) Ecocity still got small 400ksqft mall.. Really need FnB thr for the office n apartment thr Exactly compliment each other with eco.city that huge amount of space. Can easily be another mall.... |
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May 28 2015, 09:45 PM
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All Stars
12,528 posts Joined: Feb 2013 |
QUOTE(HELLO HELLO @ May 28 2015, 07:34 AM) Wah... Talk till Putra mall so bad meh? Near Kenny hill wor. Well connect lrt and bus centre station wor surrounding area no more nice mall... Nearest should be sogo...Also outdated Liao. Boss, U see pics can see already.. Not bad but not deserve the rental they ask.. Kenny hill ppl needs those RM50-100 per person restaurant..mostly minister n top businessman (some houses worth more than RM80m).. Think it Putra will do OK n atria will be lifestyle mall also for those from elsewhere.. Lets see wthr atria close shop in 3 yrs or not.. |
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May 28 2015, 09:45 PM
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12,528 posts Joined: Feb 2013 |
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May 28 2015, 09:55 PM
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135 posts Joined: Jun 2006 |
QUOTE(Babizz @ May 28 2015, 09:45 PM) Yes they choose to build many offices like The Pillars.. back to atria talk.. What u think of Atria mall? What do you think of bangsar shopping center bsc....Their plan.is actually to emulate bsc.... however now it looks is still lack of late night type of cafe and hangout......once they rectify or improve this....it should survive.... Starling already known will be focussing on fashion, latest trend...that is what i heard.... And then it depends on tropicana.. what capitamall going to do with it....would they pull in most f&b just like how they revitalise the the mines shopping mall.. This post has been edited by geolee: May 28 2015, 09:57 PM |
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May 28 2015, 09:59 PM
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All Stars
12,528 posts Joined: Feb 2013 |
QUOTE(geolee @ May 28 2015, 07:55 AM) What do you think of bangsar shopping center bsc.... Yes this mall is the BSC of damansara.. Of cos the tenants not super premium but feel this one is considered good for damansara ppls.. Their gallery looks btr than Tropicana's gallery Their plan.is actually to emulate bsc.... however now it looks is still lack of late night type of cafe and hangout......once they rectify or improve this....it should survive.... Starling already known will be focussing on fashion, latest trend...that is what i heard.... |
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May 28 2015, 10:31 PM
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1,780 posts Joined: Jul 2008 |
if got cinema sure can be better ~
after eat no place to go liao inside the mall |
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May 28 2015, 10:58 PM
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1,816 posts Joined: May 2013 |
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May 29 2015, 09:16 AM
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1,780 posts Joined: Jul 2008 |
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May 29 2015, 09:31 AM
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5,436 posts Joined: Jan 2011 |
QUOTE(Maneki-neko @ May 28 2015, 10:58 PM) But bsc and bv all just right beside the prominent Bangsar main road connected to pj, damansara and brickfield. Most of the time sibeh smooth and efficient road to use. Despite manyak traffic lights But timing sync very well. Faster than using highway. Tak macam ss2 mall a dead end road.This post has been edited by HELLO HELLO: May 29 2015, 09:36 AM |
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May 29 2015, 09:59 AM
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1,780 posts Joined: Jul 2008 |
QUOTE(HELLO HELLO @ May 29 2015, 09:31 AM) But bsc and bv all just right beside the prominent Bangsar main road connected to pj, damansara and brickfield. Most of the time sibeh smooth and efficient road to use. Despite manyak traffic lights But timing sync very well. Faster than using highway. Tak macam ss2 mall a dead end road. i always use bangsar road from midvalley go back damansara at 5.30 pm , traffic very smooth |
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May 29 2015, 10:22 AM
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242 posts Joined: Aug 2014 |
the sofo is also office title?
can stay past mid night and sleep? |
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May 29 2015, 10:37 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
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May 29 2015, 10:42 AM
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242 posts Joined: Aug 2014 |
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May 31 2015, 09:36 AM
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5,436 posts Joined: Jan 2011 |
QUOTE(Babizz @ May 28 2015, 09:59 PM) Yes this mall is the BSC of damansara.. Of cos the tenants not super premium but feel this one is considered good for damansara ppls.. Their gallery looks btr than Tropicana's gallery Atria mall is just a higher end of bv. Facade wise.Big No way is up to Bsc level. Atria Mall not up to that level yet. Babizz boss, u mean atria mall rental low... how low is the rental? Interested to find out from your side info. This post has been edited by HELLO HELLO: May 31 2015, 09:38 AM |
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May 31 2015, 10:26 AM
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All Stars
12,528 posts Joined: Feb 2013 |
QUOTE(HELLO HELLO @ May 30 2015, 07:36 PM) Atria mall is just a higher end of bv. Facade wise. Yeap BSC much more luxurious than atria mall.. U visited atria d?Big No way is up to Bsc level. Atria Mall not up to that level yet. Babizz boss, u mean atria mall rental low... how low is the rental? Interested to find out from your side info. |
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May 31 2015, 01:55 PM
Show posts by this member only | IPv6 | Post
#343
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Senior Member
5,753 posts Joined: Feb 2013 |
I'm just curious about those who bought these Atria SOFO. What is the rental market for these type of units? I mean, its not residential right? Its suppose to be Small Office Flexible Office (SOFO) and there are so many shoebox size units. I just wonder who are the target market for rentals and how do you sell it?
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May 31 2015, 02:40 PM
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2,140 posts Joined: Jan 2013 |
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Jun 1 2015, 11:00 PM
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13 posts Joined: Mar 2009 |
There are many who live in their SOHO. Let me know if the same for this SOFO.
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Jun 2 2015, 08:16 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
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Jun 2 2015, 09:19 PM
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All Stars
10,777 posts Joined: Sep 2009 |
All Mammoth Empire products are Non HDA = those sofo sovo designer suites, although not precisely classified.
Judging by previous projects, looks like majority are staying in these units. |
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Jun 3 2015, 07:57 AM
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3,333 posts Joined: Mar 2011 |
This project by meh?
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Jun 3 2015, 09:52 AM
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82 posts Joined: Apr 2015 |
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Jun 3 2015, 10:18 AM
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1,780 posts Joined: Jul 2008 |
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Jun 3 2015, 10:25 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
QUOTE(accetera @ Jun 2 2015, 09:19 PM) All Mammoth Empire products are Non HDA = those sofo sovo designer suites, although not precisely classified. so what are you implying? that it's "okay" to stay in sovo soxo sofo?Judging by previous projects, looks like majority are staying in these units. mammoth empire products are split into completed and under construction properties. since you quoted majority staying in these units, presumably you are referring to completed units and not "intention" of the purchasers to do so in the undercon projects. empire subang is soho. whether or not it is under hda or not, i don't know and i don't care. there have been also reports of empire subang disallowing residents staying. again unverified. http://www.propwall.my/subang_jaya/empire_subang/1091 empire damansara consist of soho as well. or so it is marketed. again whether or not it's under hda is none of my business as i'm not vested. but it makes perfect sense for purchasers to do own due diligence and check properly. http://www.propwall.my/damansara_perdana/e..._damansara/1208 so can you kindly confirm which mammoth projects that is not under "soho" category that have people staying in it please? am sure nearby residents would be more than happy to lodge their proper complaints to the authorities for illegal usage of the building as stated in their title and dmc. as for upcoming empire city. strangely enough propwall also picks it up as soho. http://www.propwall.my/damansara_perdana/empire_city/1882 so which projects of MEH are you referring to as sofo and sovo then? to further examine this, do you realise the true implications of granting soxo products for residency purposes? what it generally does, is shift the entire scale towards the benefits of the developer. developer does not need to conform to HDA for their products. risk of abandonment increases by multiple folds. there are also a lot of other issues at play but in the big picture, soxo ONLY benefits the developers. |
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Jun 3 2015, 10:32 AM
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All Stars
20,146 posts Joined: May 2011 |
kochin...
SOxO not only benefited developers....yes its much easier and cheaper for them to sell and build.... but for investors...its also a berri good product....cost lesser than full fledge resi units....min reno...then can rent out as resi.....who cares if the toilet wall tiles fell in the middle of night (such as empire damansara case)....hey...you got a bargain rent here in super wong damansara address....suck it up. and more important....its also berri 'affortable' for ownstayers too...low entry cost.....small living space hence you dun need to clean up and do all the unneccesary things to a resi unit....easy.... |
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Jun 3 2015, 10:47 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
QUOTE(BEANCOUNTER @ Jun 3 2015, 10:32 AM) kochin... you have your views and i have mine.SOxO not only benefited developers....yes its much easier and cheaper for them to sell and build.... but for investors...its also a berri good product....cost lesser than full fledge resi units....min reno...then can rent out as resi.....who cares if the toilet wall tiles fell in the middle of night (such as empire damansara case)....hey...you got a bargain rent here in super wong damansara address....suck it up. and more important....its also berri 'affortable' for ownstayers too...low entry cost.....small living space hence you dun need to clean up and do all the unneccesary things to a resi unit....easy.... agree to disagree. |
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Jun 3 2015, 03:24 PM
Show posts by this member only | IPv6 | Post
#354
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All Stars
10,777 posts Joined: Sep 2009 |
QUOTE(kochin @ Jun 3 2015, 10:25 AM) so what are you implying? that it's "okay" to stay in sovo soxo sofo? Dear Sir, as I said, all MEH products do not sign the complete set schedules of HDA, they do not conform hence non HDA. mammoth empire products are split into completed and under construction properties. since you quoted majority staying in these units, presumably you are referring to completed units and not "intention" of the purchasers to do so in the undercon projects. empire subang is soho. whether or not it is under hda or not, i don't know and i don't care. there have been also reports of empire subang disallowing residents staying. again unverified. http://www.propwall.my/subang_jaya/empire_subang/1091 empire damansara consist of soho as well. or so it is marketed. again whether or not it's under hda is none of my business as i'm not vested. but it makes perfect sense for purchasers to do own due diligence and check properly. http://www.propwall.my/damansara_perdana/e..._damansara/1208 so can you kindly confirm which mammoth projects that is not under "soho" category that have people staying in it please? am sure nearby residents would be more than happy to lodge their proper complaints to the authorities for illegal usage of the building as stated in their title and dmc. as for upcoming empire city. strangely enough propwall also picks it up as soho. http://www.propwall.my/damansara_perdana/empire_city/1882 so which projects of MEH are you referring to as sofo and sovo then? to further examine this, do you realise the true implications of granting soxo products for residency purposes? what it generally does, is shift the entire scale towards the benefits of the developer. developer does not need to conform to HDA for their products. risk of abandonment increases by multiple folds. there are also a lot of other issues at play but in the big picture, soxo ONLY benefits the developers. As I said, they do not classify them as SOFO or SOVO either. In fact, when you are selling non-HDA, developer can name the product whatever they like. Most MEH products are called "SOS" in marketing and formality. QUOTE However, according to MEH, MEH is looking into possibility of launching an upcoming project - which happens to be HDA. The reason is because of the particular third party brand issue. (*those who follow my threads can agak2 know lah) I've personally checked with DBKL, and they are pretty fine with incidental habitation (if proven you have tenanted the place as a workplace-cum-home-office) in these non HDA products. Again this is dependent on which officer you talked to, because different "zone" has different officer.Having said that, I do not advocate property purchasers to invest merely in SOFO SOVO products. Any products in the market out there has its "Pros and Cons". That's why PTLM is doing our scorecards review on individual projects soon. The purchaser must do his/her own due diligence - which applies to all property purchases. The market is getting even more innovative these days. Now SOFO SOVO can volunteer to follow HDA requirements and yet purchasers can opt for Commercial Loans. Hahaha. |
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Jun 3 2015, 08:55 PM
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3,774 posts Joined: Mar 2012 |
QUOTE(accetera @ Jun 3 2015, 03:24 PM) Dear Sir, as I said, all MEH products do not sign the complete set schedules of HDA, they do not conform hence non HDA. Boss, thanks for the info...As I said, they do not classify them as SOFO or SOVO either. In fact, when you are selling non-HDA, developer can name the product whatever they like. Most MEH products are called "SOS" in marketing and formality. I've personally checked with DBKL, and they are pretty fine with incidental habitation (if proven you have tenanted the place as a workplace-cum-home-office) in these non HDA products. Again this is dependent on which officer you talked to, because different "zone" has different officer. Having said that, I do not advocate property purchasers to invest merely in SOFO SOVO products. Any products in the market out there has its "Pros and Cons". That's why PTLM is doing our scorecards review on individual projects soon. The purchaser must do his/her own due diligence - which applies to all property purchases. The market is getting even more innovative these days. Now SOFO SOVO can volunteer to follow HDA requirements and yet purchasers can opt for Commercial Loans. Hahaha. DBKL should be no complain...then no file and no action...but if complain have to wayang sikit Boss, which project under HDA and bank give commercial loan? Will MOH approve the APDL?Wonder need to charge GST? |
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Jun 25 2015, 05:26 PM
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283 posts Joined: Jan 2003 |
QUOTE(accetera @ Jun 3 2015, 03:24 PM) Dear Sir, as I said, all MEH products do not sign the complete set schedules of HDA, they do not conform hence non HDA. Hence, the confidence of the summer suites buyer who mostly turn it into resi unit rather office suitesAs I said, they do not classify them as SOFO or SOVO either. In fact, when you are selling non-HDA, developer can name the product whatever they like. Most MEH products are called "SOS" in marketing and formality. I've personally checked with DBKL, and they are pretty fine with incidental habitation (if proven you have tenanted the place as a workplace-cum-home-office) in these non HDA products. Again this is dependent on which officer you talked to, because different "zone" has different officer. Having said that, I do not advocate property purchasers to invest merely in SOFO SOVO products. Any products in the market out there has its "Pros and Cons". That's why PTLM is doing our scorecards review on individual projects soon. The purchaser must do his/her own due diligence - which applies to all property purchases. The market is getting even more innovative these days. Now SOFO SOVO can volunteer to follow HDA requirements and yet purchasers can opt for Commercial Loans. Hahaha. |
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Jun 25 2015, 05:43 PM
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4,525 posts Joined: Feb 2006 |
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Jun 25 2015, 10:22 PM
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2,663 posts Joined: Feb 2013 |
Sofo not completed yet?
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Jun 25 2015, 11:55 PM
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All Stars
13,761 posts Joined: Jun 2011 |
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Jun 26 2015, 08:44 AM
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10,319 posts Joined: Dec 2009 From: Malaysia |
QUOTE(dreamkiller @ Jun 25 2015, 05:26 PM) Hence, the confidence of the summer suites buyer who mostly turn it into resi unit rather office suites interesting that you say so.are you a SS owner? hearsay SS still no CF/CCC yet from authority wor. true kah? hearsay guard halau and forbid any form of residential there wor. strictly no bed allowed. true kah? |
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Jun 28 2015, 06:52 AM
Show posts by this member only | IPv6 | Post
#361
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Junior Member
22 posts Joined: Oct 2012 |
It's interesting that Citibank refuses to give out loans for SOXO purchases. They probably see that segment as very high risk.
QUOTE(BEANCOUNTER @ Jun 3 2015, 10:32 AM) kochin... SOxO not only benefited developers....yes its much easier and cheaper for them to sell and build.... but for investors...its also a berri good product....cost lesser than full fledge resi units....min reno...then can rent out as resi.....who cares if the toilet wall tiles fell in the middle of night (such as empire damansara case)....hey...you got a bargain rent here in super wong damansara address....suck it up. and more important....its also berri 'affortable' for ownstayers too...low entry cost.....small living space hence you dun need to clean up and do all the unneccesary things to a resi unit....easy.... |
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Jun 28 2015, 02:31 PM
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All Stars
20,146 posts Joined: May 2011 |
QUOTE(fightingdragons @ Jun 28 2015, 06:52 AM) It's interesting that Citibank refuses to give out loans for SOXO purchases. They probably see that segment as very high risk. internal policy nia....these foreign banks berri kiasi one....same with HSBC and StdChar......they are not too interested in housing loans most time or not.....unless they are dealing with their high networth customers.. |
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Aug 11 2015, 09:19 PM
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All Stars
12,528 posts Joined: Feb 2013 |
Despite good fnb tenants n nice design, this mall is really suffering.. wonder how will future glo dsara mall n tropicana city survive..
This post has been edited by Babizz: Aug 11 2015, 09:31 PM |
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Aug 12 2015, 08:27 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
QUOTE(Babizz @ Aug 11 2015, 09:19 PM) Despite good fnb tenants n nice design, this mall is really suffering.. wonder how will future glo dsara mall n tropicana city survive.. strictly guessing.tcm gonna go downhill. capital probably gonna try a mines concept revival by introducing mid to lower end brand. worst, anybody know what they did with sg. wang? converting their retail space into storage space for hire? right smack in the city center? lol. glo. not much high hopes on it. location is a big suspect. i'm still in anticipation of starling mall. not sure whether it will work or not. but really retail fatigue in this part of town. atria really pressured 9 9. |
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Aug 12 2015, 09:06 AM
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3,774 posts Joined: Mar 2012 |
Really wonder what is Capital Mall strategies for TCM. At least for OSK (Atria) and Glomac (Glo), their carrying cost is based on the construction cost while Capital Mall just paid RM540m market value for TCM. If no satisfactory yield, sure the REITS holders will goreng the management...
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Aug 15 2015, 08:45 AM
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All Stars
12,528 posts Joined: Feb 2013 |
QUOTE(kochin @ Aug 11 2015, 06:27 PM) strictly guessing. Yeah tcm will continue to struggle... but those shareholders were 'excited' when they acquired TCM... but lower end brand can survive in Damansara??tcm gonna go downhill. capital probably gonna try a mines concept revival by introducing mid to lower end brand. worst, anybody know what they did with sg. wang? converting their retail space into storage space for hire? right smack in the city center? lol. glo. not much high hopes on it. location is a big suspect. i'm still in anticipation of starling mall. not sure whether it will work or not. but really retail fatigue in this part of town. atria really pressured 9 9. All this talk is before the mighty Empire City comes mid next yr.. QUOTE(CMW123 @ Aug 11 2015, 07:06 PM) Really wonder what is Capital Mall strategies for TCM. At least for OSK (Atria) and Glomac (Glo), their carrying cost is based on the construction cost while Capital Mall just paid RM540m market value for TCM. If no satisfactory yield, sure the REITS holders will goreng the management... but osk had to acquire atria n refurbish it, hence longer break even, jus like tht putramall... since u r familiar with tropics, can share whats the occupancy of tropic mall now? |
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Aug 15 2015, 12:44 PM
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8,226 posts Joined: Jul 2014 From: Kuala Lumpur |
How is the occupancy rate and ROI for this Atria Suites??
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Aug 15 2015, 12:50 PM
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1,404 posts Joined: Jun 2009 |
QUOTE(fightingdragons @ Jun 28 2015, 06:52 AM) It's interesting that Citibank refuses to give out loans for SOXO purchases. They probably see that segment as very high risk. Citibank does not give out loans for any offices. SOHO, SOVO, SOXO or what not, are all considered offices.This post has been edited by cedyy: Aug 15 2015, 12:56 PM |
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Nov 5 2015, 09:22 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
osk best developer.
fully absorb gst even though it's office! |
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Jan 4 2016, 09:59 PM
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2,699 posts Joined: Sep 2015 |
How's Atria Mall doing recently?
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Jan 5 2016, 04:12 AM
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3,838 posts Joined: Sep 2013 |
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Jan 5 2016, 07:04 AM
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2,699 posts Joined: Sep 2015 |
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Jan 5 2016, 12:43 PM
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400 posts Joined: Jul 2010 |
Guess they dont wanna give lower rent to get branded tenants in. too bad la. Really not much to entice me back to this mall despite ok distance.
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Jan 5 2016, 01:03 PM
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370 posts Joined: Jul 2010 |
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Jan 5 2016, 01:04 PM
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3,838 posts Joined: Sep 2013 |
just suffer from mall overload. spending power of pj overhyped.
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Jan 5 2016, 01:15 PM
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2,699 posts Joined: Sep 2015 |
More upcoming malls in PJ..lol
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Jan 5 2016, 01:18 PM
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2,699 posts Joined: Sep 2015 |
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Jan 5 2016, 02:54 PM
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400 posts Joined: Jul 2010 |
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Jan 6 2016, 02:01 AM
Show posts by this member only | IPv6 | Post
#379
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All Stars
10,777 posts Joined: Sep 2009 |
The offices delayed VP right?
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Jan 6 2016, 02:19 AM
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10,387 posts Joined: Dec 2011 |
QUOTE(kochin @ Jun 3 2015, 10:25 AM) so what are you implying? that it's "okay" to stay in sovo soxo sofo? +1mammoth empire products are split into completed and under construction properties. since you quoted majority staying in these units, presumably you are referring to completed units and not "intention" of the purchasers to do so in the undercon projects. empire subang is soho. whether or not it is under hda or not, i don't know and i don't care. there have been also reports of empire subang disallowing residents staying. again unverified. http://www.propwall.my/subang_jaya/empire_subang/1091 empire damansara consist of soho as well. or so it is marketed. again whether or not it's under hda is none of my business as i'm not vested. but it makes perfect sense for purchasers to do own due diligence and check properly. http://www.propwall.my/damansara_perdana/e..._damansara/1208 so can you kindly confirm which mammoth projects that is not under "soho" category that have people staying in it please? am sure nearby residents would be more than happy to lodge their proper complaints to the authorities for illegal usage of the building as stated in their title and dmc. as for upcoming empire city. strangely enough propwall also picks it up as soho. http://www.propwall.my/damansara_perdana/empire_city/1882 so which projects of MEH are you referring to as sofo and sovo then? to further examine this, do you realise the true implications of granting soxo products for residency purposes? what it generally does, is shift the entire scale towards the benefits of the developer. developer does not need to conform to HDA for their products. risk of abandonment increases by multiple folds. there are also a lot of other issues at play but in the big picture, soxo ONLY benefits the developers. This is what as per my understanding too. |
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Jan 6 2016, 09:22 AM
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All Stars
20,146 posts Joined: May 2011 |
QUOTE(Chris Chew @ Jan 6 2016, 02:19 AM) I beg to differ.Sofo/Sovo enables buyers to get LTV80/85 even after 2 loans, instead of residential title LTV70 or lower. Usually small pigeon hole units....easy entry for 1st time investors Can rent out easily for resi purposes....eg. summer suites, MyPlace, and ED...the 'studio' block.... there will be many more of such Sovo/fo vped this year...... oh.....Setia Alam Trefoil as well....memang SoFO.......but don't know how many people have moved in to sleep overnight.... This post has been edited by BEANCOUNTER: Jan 6 2016, 09:25 AM |
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Feb 8 2016, 10:26 AM
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2,699 posts Joined: Sep 2015 |
just went to atria for the 1st time recently.. the mall is really classy (better than TCM) and have quite a number of shops operating..
The top floor looks dark to me.. perhaps they should make it brighter by adding more lights since very less people walking on top floor. The mall has spacious walkway which I like it~but the crowd coming to this mall is very less. |
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Feb 8 2016, 04:19 PM
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3,838 posts Joined: Sep 2013 |
ya nice mall bbut still empty. pj really jam packed with malls. overestimated spending power here
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Feb 8 2016, 10:15 PM
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2,365 posts Joined: Aug 2008 |
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Feb 9 2016, 10:34 AM
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2,699 posts Joined: Sep 2015 |
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Feb 9 2016, 10:48 AM
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All Stars
12,528 posts Joined: Feb 2013 |
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Feb 9 2016, 12:18 PM
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3,814 posts Joined: Mar 2007 |
Jaya, TCM, Strand Mall and now Atria too? Sad case really.
Paradigm Mall is not bad but is not great. |
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Feb 9 2016, 01:56 PM
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5,436 posts Joined: Jan 2011 |
Over estimate local spending power Liao.... This type of leisure luxury Bangsar type shopping mall can only survive in bangsar. Once out of the zone.. Jialat mati.
This post has been edited by HELLO HELLO: Feb 9 2016, 02:03 PM |
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Feb 9 2016, 02:39 PM
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Junior Member
259 posts Joined: Nov 2014 |
QUOTE(HELLO HELLO @ Feb 9 2016, 01:56 PM) Over estimate local spending power Liao.... This type of leisure luxury Bangsar type shopping mall can only survive in bangsar. Once out of the zone.. Jialat mati. True... PJ is also doing bad. Some new property in ulu-ulu place like Belakong sure jialat.. Unless for own stay or got power to hold. Otherwise hard to sell, and hard to rent also.. Jialat to the max |
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Feb 9 2016, 03:18 PM
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3,838 posts Joined: Sep 2013 |
QUOTE(362436 @ Feb 9 2016, 02:39 PM) True... PJ is also doing bad. Some new property in ulu-ulu place like Belakong sure jialat.. Unless for own stay or got power to hold. Otherwise hard to sell, and hard to rent also.. Jialat to the max all depending ur entry price. pay PJ price for Balakong is madness like pay bangsaar price for PJ. but if enter at price where rental yield is 5<, why not? |
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Feb 9 2016, 03:36 PM
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259 posts Joined: Nov 2014 |
QUOTE(HarpArtist @ Feb 9 2016, 03:18 PM) all depending ur entry price. pay PJ price for Balakong is madness like pay bangsaar price for PJ. but if enter at price where rental yield is 5<, why not? Very true.. Pay 300+ psft for Belakong is fair price. Rental wise if can get RM1.7 for 1000+ sqft unit is considered OK. Above RM2k will be difficult. |
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Feb 9 2016, 03:47 PM
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4,230 posts Joined: Jan 2009 |
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Feb 9 2016, 11:32 PM
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2,699 posts Joined: Sep 2015 |
QUOTE(Babizz @ Feb 9 2016, 10:48 AM) Which mall more empty now? atrias or damens? I would say both malls are equally empty.. Picture speaks a thousand word.. This post has been edited by MonGJiHyo: Feb 9 2016, 11:33 PM Attached thumbnail(s) |
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Feb 10 2016, 08:19 AM
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3,838 posts Joined: Sep 2013 |
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Feb 10 2016, 10:38 AM
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1,176 posts Joined: Oct 2013 |
I have a unit to let go....pm pls.
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Feb 10 2016, 12:31 PM
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3,838 posts Joined: Sep 2013 |
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Feb 10 2016, 01:56 PM
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1,176 posts Joined: Oct 2013 |
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Feb 10 2016, 03:01 PM
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2,294 posts Joined: Sep 2011 |
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Feb 10 2016, 11:17 PM
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2,699 posts Joined: Sep 2015 |
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Feb 10 2016, 11:20 PM
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370 posts Joined: Jul 2010 |
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Feb 10 2016, 11:22 PM
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3,838 posts Joined: Sep 2013 |
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Mar 14 2016, 09:20 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
the sofo suites is looking handsome.
wonder when would be the VP. |
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Jun 25 2016, 08:24 PM
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Junior Member
181 posts Joined: Sep 2005 From: PJ, Selangor! |
Any news on whether there's gonna be a cinema in Atria?
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Jun 26 2016, 01:32 PM
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2,841 posts Joined: Sep 2010 |
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Jun 26 2016, 02:44 PM
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Junior Member
769 posts Joined: Jul 2008 From: PJ~Damansara Utama |
any idea what is the subsales price will be? smallest unit is 500 sf right...
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Jul 4 2016, 09:02 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
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Jul 4 2016, 09:28 AM
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2,250 posts Joined: Apr 2013 |
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Jul 8 2016, 01:14 PM
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9 posts Joined: Jul 2014 |
inside news, one by one the shops are going to close down.. reason not enough traffic on weekdays. Weekends are good, but weekdays are dead.
Pizzolo pizza already close down... sad to say. some of the shops are not even paying rent and atria management are getting their rent thru their sales... but if no sales? how to pay rent and pay workers?? spitafield restaurant have already close down half their shop. it was 2 shops at first. hope the management can reduce the rental as the rental is the killer for all business owners. |
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Jul 8 2016, 01:22 PM
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All Stars
20,146 posts Joined: May 2011 |
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Jul 8 2016, 01:23 PM
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All Stars
20,146 posts Joined: May 2011 |
QUOTE(Leon666 @ Jul 8 2016, 01:14 PM) inside news, one by one the shops are going to close down.. reason not enough traffic on weekdays. Weekends are good, but weekdays are dead. everywhere the same lah......Pizzolo pizza already close down... sad to say. some of the shops are not even paying rent and atria management are getting their rent thru their sales... but if no sales? how to pay rent and pay workers?? spitafield restaurant have already close down half their shop. it was 2 shops at first. hope the management can reduce the rental as the rental is the killer for all business owners. everybody wants to dip into FnB biz.... Malaysians only like papparich oldtown kfc mcd and secret recipe only...and starbucks. This post has been edited by BEANCOUNTER: Jul 8 2016, 01:24 PM |
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Jul 8 2016, 01:29 PM
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Senior Member
2,699 posts Joined: Sep 2015 |
QUOTE(Leon666 @ Jul 8 2016, 01:14 PM) inside news, one by one the shops are going to close down.. reason not enough traffic on weekdays. Weekends are good, but weekdays are dead. oh my Pizzolo pizza already close down... sad to say. some of the shops are not even paying rent and atria management are getting their rent thru their sales... but if no sales? how to pay rent and pay workers?? spitafield restaurant have already close down half their shop. it was 2 shops at first. hope the management can reduce the rental as the rental is the killer for all business owners. seems like F&B also cant survive in this 1 year old mall? else, they wont closed down or downsize their outlet.. This post has been edited by MonGJiHyo: Jul 8 2016, 02:31 PM |
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Jul 8 2016, 03:58 PM
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2,699 posts Joined: Sep 2015 |
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Jul 25 2016, 08:59 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
this holy place has vp'ed?
understand the developer is resorting to lowball tactic to only pay half of the LAD amount. any review yet so far? |
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Jul 25 2016, 11:55 AM
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2,470 posts Joined: Oct 2010 |
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Jul 25 2016, 01:29 PM
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3,834 posts Joined: May 2008 |
QUOTE(kochin @ Jul 25 2016, 08:59 AM) this holy place has vp'ed? This is SOFO. Developer only willing to pay half of what stipulated in the commercial SPA? understand the developer is resorting to lowball tactic to only pay half of the LAD amount. any review yet so far? Example like Summer Suites. Some thought they are entitled of LAD as per schedule H but look closely... Sunrise didn't pay a single cent lesser. |
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Jul 25 2016, 02:05 PM
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4,177 posts Joined: Jan 2003 |
went there last week, good place for family hang out, village grocer full of people with purchase, game center quite good business as well, FnB - cake/coffe house very well business, food court like at top floor, not bad also, anti-podean - all time winner, kfc very poor, overall - fnb there doing very well, secondly is family based business
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Jul 25 2016, 02:09 PM
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2,699 posts Joined: Sep 2015 |
QUOTE(BigMan123 @ Jul 25 2016, 11:55 AM) glad to hear that.. what about other fashion stores like terranova, next? QUOTE(mingyew @ Jul 25 2016, 02:05 PM) went there last week, good place for family hang out, village grocer full of people with purchase, game center quite good business as well, FnB - cake/coffe house very well business, food court like at top floor, not bad also, anti-podean - all time winner, kfc very poor, overall - fnb there doing very well, secondly is family based business quite surprise that kfc is not doing well.. normally fast food resturants would have good biz |
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Jul 25 2016, 02:17 PM
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3,838 posts Joined: Sep 2013 |
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Jul 25 2016, 04:01 PM
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All Stars
12,528 posts Joined: Feb 2013 |
From my friends in the area, d restaurants suffer on weekdays and weekend is OK. Any other comments on the mall?
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Oct 14 2016, 12:04 PM
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128 posts Joined: Dec 2006 |
anyone know for the smallest studio unit can accomodate how much hp air cond?
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Oct 14 2016, 10:03 PM
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2,699 posts Joined: Sep 2015 |
does anyone knows how's atria mall crowd recently?
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Oct 14 2016, 10:53 PM
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2,470 posts Joined: Oct 2010 |
Naughty Nuri seems to be doing good
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Oct 16 2016, 11:20 PM
Show posts by this member only | IPv6 | Post
#423
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Junior Member
9 posts Joined: Jul 2014 |
yes notti nuri just open, doing okie, pizzolo got taken over by leanns, the food nothing to shout about, week days quiet as usual. pho viets and tsen japanese is as usually doing well. any one here who says the f&b is doing well should try to walk in atria on week days and day time. also please take a picture of proof that it is doing well, as i see the crowds only on weekends...and not only week days, up coming sterling mall in uptown damansara utama will make atria reduce its portion of the crowd on weekend next nov/dec opening.
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Oct 17 2016, 01:48 AM
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169 posts Joined: Feb 2014 |
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Oct 17 2016, 08:38 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
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Oct 17 2016, 03:18 PM
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12 posts Joined: Apr 2006 |
QUOTE(Leon666 @ Jul 8 2016, 03:44 PM) inside news, one by one the shops are going to close down.. reason not enough traffic on weekdays. Weekends are good, but weekdays are dead. Pizzolo closed down... am not surprise. I tried their food once, maybe my luck or its just how it was always but only one word 'appauling' for the price they charged.Pizzolo pizza already close down... sad to say. some of the shops are not even paying rent and atria management are getting their rent thru their sales... but if no sales? how to pay rent and pay workers?? spitafield restaurant have already close down half their shop. it was 2 shops at first. hope the management can reduce the rental as the rental is the killer for all business owners. |
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Oct 17 2016, 04:28 PM
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Senior Member
2,699 posts Joined: Sep 2015 |
QUOTE(Leon666 @ Oct 16 2016, 11:20 PM) yes notti nuri just open, doing okie, pizzolo got taken over by leanns, the food nothing to shout about, week days quiet as usual. pho viets and tsen japanese is as usually doing well. any one here who says the f&b is doing well should try to walk in atria on week days and day time. also please take a picture of proof that it is doing well, as i see the crowds only on weekends...and not only week days, up coming sterling mall in uptown damansara utama will make atria reduce its portion of the crowd on weekend next nov/dec opening. I would say this mall is secluded (away from LDP).. perhaps PJ folks that have staying at there all this while would know the location of this mall, outsiders would find it hard to look for this mall (like me). And yes, when I went to this mall on a weekday, the whole mall was quiet.. the big anchor fashion store on ground floor have only less than 10 people..wont surprise if the tenants at here find it hard to survive due to high rental... |
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Oct 18 2016, 06:00 AM
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Senior Member
2,470 posts Joined: Oct 2010 |
They will need to compete with Starling pretty soon also
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Oct 30 2016, 09:39 PM
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Senior Member
2,699 posts Joined: Sep 2015 |
some comment for this mall:
I went to Atria many times, macam hidup segan mati tidak mahu. Got shop already bungkus |
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Oct 30 2016, 10:07 PM
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All Stars
12,528 posts Joined: Feb 2013 |
the sofo thingy looks nice but think investors may end up with negative real profits.
Atria's performance will continue to struggle given its location |
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Nov 3 2016, 11:36 PM
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All Stars
20,146 posts Joined: May 2011 |
QUOTE(jonathanho @ Nov 3 2016, 11:26 PM) Actually all small mall will nyawa nyawa ikan in next year... big one will suffer as well but wont reach nyawa nyawa ikan level la. Asiajaya and jaya @ section 14 were the 1st mall.....kekeMall have been build too many and too fast for the market to absorb la... Last time when say PJ only will think of One U... now u have Ikano, Curve, One U, Trop Mall, Paradigm etc... coming somemore got empire mall and starling... Mana boleh tahan la... Asiajaya also got ice skating ring leh..... |
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Nov 3 2016, 11:59 PM
Show posts by this member only | IPv6 | Post
#432
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533 posts Joined: Apr 2016 |
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Nov 4 2016, 10:35 AM
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157 posts Joined: Nov 2005 From: KL |
I stay around atria. Weekday=dead, weekend= alive but not great. Most of the F&B are still doing good,but for fashion boutique not so good news.
Honestly, once starling open, that will be my hangout area de. More parking(once atria sofo suite open, alot harder to get parking), more variety, should be more lively compare to atria. Cant believe there are still trying to promote atria. Admit it la, the mall is half dead. Its a mall, not food court. Both f&b and boutique have to do good. |
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Nov 4 2016, 11:44 AM
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All Stars
20,146 posts Joined: May 2011 |
QUOTE(Waverp @ Nov 4 2016, 10:35 AM) I stay around atria. Weekday=dead, weekend= alive but not great. Most of the F&B are still doing good,but for fashion boutique not so good news. this atria...from kimisawa to yaohan to parkson...Honestly, once starling open, that will be my hangout area de. More parking(once atria sofo suite open, alot harder to get parking), more variety, should be more lively compare to atria. Cant believe there are still trying to promote atria. Admit it la, the mall is half dead. Its a mall, not food court. Both f&b and boutique have to do good. now who is the key anchor tenant? history already proven tak boleh jalan even thought atria was the only mall in this area beside Fajar.... |
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Nov 4 2016, 03:31 PM
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2,699 posts Joined: Sep 2015 |
QUOTE(geolee76 @ Nov 3 2016, 11:59 PM) Starling coming in well-prepared.... when is the opening of Starling Mall? they are supported strong financial,insurance,property,IT company middle-class workers and already existing top notch commercial area around it. QUOTE(Waverp @ Nov 4 2016, 10:35 AM) I stay around atria. Weekday=dead, weekend= alive but not great. Most of the F&B are still doing good,but for fashion boutique not so good news. what's the occupancy rate now for atria? heard some shops already bungkus..Honestly, once starling open, that will be my hangout area de. More parking(once atria sofo suite open, alot harder to get parking), more variety, should be more lively compare to atria. Cant believe there are still trying to promote atria. Admit it la, the mall is half dead. Its a mall, not food court. Both f&b and boutique have to do good. |
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Nov 4 2016, 07:36 PM
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2,699 posts Joined: Sep 2015 |
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Nov 4 2016, 10:54 PM
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All Stars
12,528 posts Joined: Feb 2013 |
fb comments: Worst Developer! Poor Quality, Outlook is so grand and inside is same as flat!!! I bought Atria sofo suite and it's Delay on handling the key and no compensation given until now!!!! I called several times and they keep pass to others / no respond / no listen and no feedback from them!!
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Nov 5 2016, 09:58 AM
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2,699 posts Joined: Sep 2015 |
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Nov 5 2016, 12:18 PM
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2,470 posts Joined: Oct 2010 |
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Nov 5 2016, 12:21 PM
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All Stars
12,528 posts Joined: Feb 2013 |
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Nov 6 2016, 10:47 AM
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2,699 posts Joined: Sep 2015 |
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Nov 10 2016, 12:58 PM
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34 posts Joined: Aug 2005 |
Afternoon guys,
OSK now only giving less than half of the LAD, with the reason that the tower crane is beyond developers control which OSK they themselves failed to prove so. OSK, the developer, also does not want to provide a letter from the architect stating that it is beyond developer control (as the letter from architect on extension of time did not mention anything about beyond developer control) Further to that I was wondering if any one knows if all purchaser are actually going against OSK to get the full LAD ? or is there any group chat being formed to discuss on this issue ? DJ |
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Jan 9 2017, 12:30 AM
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233 posts Joined: Mar 2011 |
Can Atria SOFO units be used as residential?
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Apr 14 2017, 08:56 AM
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All Stars
12,528 posts Joined: Feb 2013 |
this sofo is doing VERY badly n extremely low occupancy. cant bliv ppl bought a soxo property in DJ for 730psf in 2011 with NO carpark.
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Apr 14 2017, 09:09 AM
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1,227 posts Joined: Jun 2010 |
Ahahhaa....SOHO SOFO SOVO all anoter tactic by dvlopers to fool investors tinking to goreng...who on earth will buy such small studio units for own stay
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Aug 2 2017, 11:30 PM
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590 posts Joined: Aug 2005 |
Mostly airbnb i guess? Seldom see any lights at night
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Aug 3 2017, 09:22 AM
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18 posts Joined: Aug 2017 |
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Apr 30 2018, 12:30 AM
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6,249 posts Joined: Jul 2006 |
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Jul 22 2020, 10:47 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
Lelong unit sold today.
Brand new unit. Single bidder won unchallenged. ![]() |
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Sep 12 2023, 02:57 PM
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628 posts Joined: Jan 2023 |
Hi all
I’m trying to revive this thread. I’m helping one of close Fam member to look for a cozy studio in PJ area that is completed. I came across Atria SOFO suites and am surprised with the price drop from the launching price back then. Just wonder why this would happen as the location is quite strategic and amenities surrounding are ideal as well. Anyone can share their personal views. Owners and residents are welcomed to share your thoughts. I would great appreciate your input and sharing. Sekian Kamsia. |
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Sep 19 2023, 08:33 AM
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1,205 posts Joined: Oct 2006 From: Kuala Lumpur |
QUOTE(bennomin @ Sep 12 2023, 02:57 PM) Hi all its not a residential property.I’m trying to revive this thread. I’m helping one of close Fam member to look for a cozy studio in PJ area that is completed. I came across Atria SOFO suites and am surprised with the price drop from the launching price back then. Just wonder why this would happen as the location is quite strategic and amenities surrounding are ideal as well. Anyone can share their personal views. Owners and residents are welcomed to share your thoughts. I would great appreciate your input and sharing. Sekian Kamsia. bennomin liked this post
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Sep 19 2023, 12:09 PM
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628 posts Joined: Jan 2023 |
QUOTE(hanhanhan @ Sep 19 2023, 08:33 AM) Yes boss. It’s not a residential project. Rather a mix of both. Many owners set up Airbnb businesses overthere. My concerns are the security part. Like they’ll be staff working in these small offices walking in and out bringing their clients along. Hmm maybe wouldn’t consider this anymore. Thanks for raising up Han boss. |
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Sep 20 2023, 04:24 AM
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1,205 posts Joined: Oct 2006 From: Kuala Lumpur |
QUOTE(bennomin @ Sep 19 2023, 12:09 PM) Yes boss. if you intend to use it for staying, your utilities will be at commercial rate.It’s not a residential project. Rather a mix of both. Many owners set up Airbnb businesses overthere. My concerns are the security part. Like they’ll be staff working in these small offices walking in and out bringing their clients along. Hmm maybe wouldn’t consider this anymore. Thanks for raising up Han boss. generally sofo prices in selangor and PJ dont appreciate that well because there are tons of them. |
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