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Investment ATRIA SOFO SUITES @ DAMANSARA JAYA, by OSK Prop Holdings Bhd

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TSdlyw1103
post Oct 8 2011, 06:38 PM, updated 15y ago

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http://www.atria.com.my/index.html


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ManutdGiggs
post Oct 8 2011, 06:44 PM

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Any shop for sale???
Phoeni_142
post Oct 8 2011, 10:11 PM

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sofo units are expected to launch at about 750 to 800 psf.
ruben7389
post Oct 8 2011, 10:19 PM

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yup heard was 760 per sq foot onwards. Mad price, but location pretty ok... used to live around there
knightrazor
post Oct 8 2011, 11:16 PM

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It has an Empire concept. Under commercial title?
ruben7389
post Oct 8 2011, 11:19 PM

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yes would be similar under commercial. Although mentioned 80% loan you can get 85% under Maybank quite easily
1282009
post Oct 8 2011, 11:57 PM

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QUOTE(ruben7389 @ Oct 8 2011, 11:19 PM)
yes would be similar under commercial.  Although mentioned 80% loan you can get 85% under Maybank quite easily
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Why only 80% loan?


Pai
post Oct 9 2011, 01:04 AM

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if entry price circa 350k...........think can masuk........... wink.gif
kochin
post Oct 9 2011, 09:42 AM

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QUOTE(Pai @ Oct 9 2011, 01:04 AM)
if entry price circa 350k...........think can masuk........... wink.gif
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smallest unit at 500sf.
expected pricing around rm700psf.
circa rm350k wor boss. so you intend to sapu how many bijik? rclxms.gif
Phoeni_142
post Oct 9 2011, 11:35 AM

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Maybe 3 units per person la. Humble a bit la. biggrin.gif
jet2020
post Oct 9 2011, 12:05 PM

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QUOTE(Phoeni_142 @ Oct 9 2011, 11:35 AM)
Maybe 3 units per person la. Humble a bit la. biggrin.gif
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tai sifu manyak kaya....... notworthy.gif
Pai
post Oct 10 2011, 12:32 AM

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QUOTE(kochin @ Oct 9 2011, 09:42 AM)
smallest unit at 500sf.
expected pricing around rm700psf.
circa rm350k wor boss. so you intend to sapu how many bijik? rclxms.gif
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This one must wait greenlight from phoenix boss.........this area is his forte............ notworthy.gif
angelw
post Oct 11 2011, 01:33 PM

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I hope there is residential suites..
zuiko407
post Oct 11 2011, 01:36 PM

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if after discount 350k should be ok to sapu, i think.
cranx
post Oct 11 2011, 01:54 PM

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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.
Loopster
post Oct 11 2011, 09:32 PM

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Excuse my ignorance on SOHO/SOFO hmm.gif . Assuming one invests to purchase 1 unit say for RM400K, and later decides to flip for RM500 K. Could someone enlighten me/others on who would purchase a SOHO/SOFO, let alone one which costs RM500K for lets say 600sf? Who would want to rent one? Maybe teachers from outstation, architects or designers, single people? I know there are quite a few soho's here and there but unsure of the market perception. Anyone care to comment, thanks smile.gif
cranx
post Oct 11 2011, 09:34 PM

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no idea, expats in my company is still mont kiara. mid to big size units.
Zerolized
post Oct 11 2011, 09:48 PM

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QUOTE(Loopster @ Oct 11 2011, 09:32 PM)
Excuse my ignorance on SOHO/SOFO hmm.gif . Assuming one invests to purchase 1 unit say for RM400K, and later decides to flip for RM500 K. Could someone enlighten me/others on who would purchase a SOHO/SOFO, let alone one which costs RM500K for lets say 600sf? Who would want to rent one? Maybe teachers from outstation, architects or designers, single people? I know there are quite a few soho's here and there but unsure of the market perception. Anyone care to comment, thanks  smile.gif
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Good one! i would love to hear from experts here too.
1ullaby
post Oct 11 2011, 10:01 PM

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QUOTE(Loopster @ Oct 11 2011, 09:32 PM)
Excuse my ignorance on SOHO/SOFO hmm.gif . Assuming one invests to purchase 1 unit say for RM400K, and later decides to flip for RM500 K. Could someone enlighten me/others on who would purchase a SOHO/SOFO, let alone one which costs RM500K for lets say 600sf? Who would want to rent one? Maybe teachers from outstation, architects or designers, single people? I know there are quite a few soho's here and there but unsure of the market perception. Anyone care to comment, thanks  smile.gif
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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.
ManutdGiggs
post Oct 12 2011, 09:15 AM

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I think they r opened for online registration now.

http://www.atria.com.my/
mrul
post 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
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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yup yup...agreed...better built affordable condos/svc apts and support bijan agenda...affordable home for all...
Loopster
post 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 nod.gif
ronn77
post Oct 12 2011, 09:30 AM

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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.
1ullaby
post 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?

Nevertheless, im interested for 1 reason only: location  nod.gif
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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.

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.
Loopster
post 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 blink.gif Lets see if they offer 2 carparks per unit hehe
shanged
post Oct 13 2011, 05:26 PM

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big taikor .. if this is RM350k .. and Arcoris is RM383k .. which would you go for ..

Norman Foster wor .. plus MK ... !
rclxms.gif

QUOTE(Pai @ Oct 10 2011, 12:32 AM)
This one must wait greenlight from phoenix boss.........this area is his forte............  notworthy.gif
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angelw
post Oct 13 2011, 05:37 PM

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Really? That's really good news! Can't wait for the launching.
accetera
post Oct 13 2011, 06:59 PM

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But MK u have banyak competition

As for this one it's a matured township so to speak
Phoeni_142
post Oct 13 2011, 09:31 PM

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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.
jet2020
post 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.

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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words of wisdom from PJ Property King....kekeke rclxms.gif
angelw
post Oct 14 2011, 02:15 PM

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Guess that the price won't be cheaper compared to Glomac Residence which is about 750psf.
lowyat888
post Oct 16 2011, 02:52 PM

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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
ManutdGiggs
post Oct 16 2011, 05:39 PM

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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.

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
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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.

This post has been edited by ManutdGiggs: Oct 16 2011, 05:41 PM
1282009
post 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.
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Yup, agreed. TC mall is not quiet at all ...

hackwire
post Oct 17 2011, 10:21 AM

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offices in TC is pretty dead.
accetera
post Oct 17 2011, 11:38 AM

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QUOTE(hackwire @ Oct 17 2011, 10:21 AM)
offices in TC is pretty dead.
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why dead? they got taikor Dijaya Hq there.. ok wert...
mlpk
post Oct 17 2011, 12:04 PM

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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


ManutdGiggs
post Oct 17 2011, 12:04 PM

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QUOTE(hackwire @ Oct 17 2011, 10:21 AM)
offices in TC is pretty dead.
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Doesnt matter its really dead or not. Try figure out how much u need to pay TC for the Advert display at the building frontage facing LDP.
mlpk
post 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
samngcheesan
post Oct 17 2011, 12:47 PM

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QUOTE(ManutdGiggs @ Oct 17 2011, 12:04 PM)
Doesnt matter its really dead or not. Try figure out how much u need to pay TC for the Advert display at the building frontage facing LDP.
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I heart FM 988 office also there
lowyat888
post Oct 19 2011, 02:38 PM

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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
backpacker88
post 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?
WLP3234
post 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.

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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finding parking at DJ is nightmare......double park also hardly get during peak hour.... sweat.gif
1282009
post Oct 27 2011, 11:46 PM

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QUOTE(WLP3234 @ Oct 26 2011, 11:20 PM)
finding parking at DJ is nightmare......double park also hardly get during peak hour.... sweat.gif
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Nearby D. UPtown is even worst but that place is so "wong"..


Phoeni_142
post Oct 28 2011, 12:04 AM

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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.
merce
post Nov 3 2011, 08:06 PM

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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... blink.gif ). any idea what is the nearest similar development?? the nearest i can pull out from my head are Empire Damansara in Damansara Perdana and Cova Square in Kota Damansara.


Phoeni_142
post Nov 3 2011, 09:58 PM

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QUOTE(merce @ Nov 3 2011, 08:06 PM)
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...  blink.gif ). any idea what is the nearest similar development?? the nearest i can pull out from my head are Empire Damansara in Damansara Perdana and Cova Square in Kota Damansara.
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taikor merce.....well, I'm not really familiar with "SOxes".....I don't own any, chief! smile.gif

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
cranx
post 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.
merce
post 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! smile.gif

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?
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i small kuli only not taikor lah, chief. tongue.gif

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!! tongue.gif
1282009
post Nov 8 2011, 10:57 PM

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No news on launching date yet ..

domoconcepts
post Nov 9 2011, 11:45 AM

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this seems like a good deal. Quite strategic location in D.Jaya.
kelvin667
post Nov 9 2011, 12:30 PM

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I think Uptown also got SOHO, will it be a better bet since pricing are so close?
Phoeni_142
post Nov 9 2011, 02:14 PM

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I think Uptown will be priced at 850 to 900 psf, no?

if 750 psf - then yes, think Uptown would be a better bet.
kelvin667
post 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
angelw
post Nov 10 2011, 07:56 PM

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very expensive lor...
lowyat888
post Nov 12 2011, 08:14 PM

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white elephant
lucerne
post Nov 12 2011, 08:46 PM

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some said SOFO can not live inside, if yes, i think SOHO is better.
1282009
post Nov 12 2011, 11:26 PM

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QUOTE(lucerne @ Nov 12 2011, 08:46 PM)
some said SOFO can not live inside, if yes, i think SOHO is better.
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What's the difference?


lucerne
post Nov 13 2011, 02:22 PM

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QUOTE(1282009 @ Nov 12 2011, 11:26 PM)
What's the difference?
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you can live in SOHO but not Suite office. Not sure SOFO classified as suite office?
Suite office no coking, no overnite, no shower etc
kcliew2005
post 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.

lucerne
post 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.
1282009
post Nov 14 2011, 09:37 PM

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QUOTE(kcliew2005 @ Nov 14 2011, 08:09 PM)
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.
*
I've registered at the website previously but didnt receive any invite yet ...


Phoeni_142
post Nov 14 2011, 09:50 PM

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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.
lowyat888
post Nov 14 2011, 11:05 PM

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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
kh8668
post Nov 14 2011, 11:07 PM

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This is consider cheaper as compared to KU suites...LOL
kcliew2005
post Nov 15 2011, 11:40 AM

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QUOTE(lowyat888 @ Nov 14 2011, 11:05 PM)
no car park is unless, where to park yr cars? expensive

is the utilities bill (electric/water etc) on commercial rates for sofo?
*
They do allocate carpark for tenant, just need to pay rental. Rate..no sure.

this is commercial properrty, sure the utilities bill base on commercial rate. sad.gif


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.

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.
*
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
QUOTE(1282009 @ Nov 14 2011, 09:37 PM)
I've registered at the website previously but didnt receive any invite yet ...
*
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
TSdlyw1103
post Nov 15 2011, 12:40 PM

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Attached Image Official launch
Attached Image

This post has been edited by dlyw1103: Nov 15 2011, 12:58 PM
lowyat888
post Nov 15 2011, 12:59 PM

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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.
airline
post Nov 15 2011, 02:40 PM

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QUOTE(kcliew2005 @ Nov 14 2011, 08:09 PM)
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.
*
is this low payment or a lot of discounts given?
what is the difference this and those jaya 3 or jaya1 service condos?
Y2016
post Nov 15 2011, 03:02 PM

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this project was initially under my watchlist but had to pass due to its expensive pricing in term of psf and go elsewhere
kelvin667
post Nov 16 2011, 09:57 AM

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i think it selling price comparative to uptown SHC service apartment
Gyokumen_Koushu
post Nov 16 2011, 10:35 AM

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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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post Nov 16 2011, 03:21 PM

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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.
WannaGetBuffed
post Nov 17 2011, 11:30 AM

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400sf? Treat it like a hotel only? How to cook so small space.
airline
post Nov 17 2011, 11:41 AM

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eat dirty nellys, tim sum or ta pau..
i thought 544 sq feet.
frequency
post Nov 17 2011, 12:19 PM

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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
adelk
post Nov 17 2011, 01:42 PM

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Just got an sms, launching tomorrow, but don't think left any good unit looking at the post here... sad.gif
airline
post Nov 17 2011, 01:52 PM

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like plaza damas. rent lo..
eecomart
post Nov 17 2011, 04:04 PM

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QUOTE(frequency @ Nov 17 2011, 12:19 PM)
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
*
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.. smile.gif I am currently staying at DP, the very first block of Perdana Condo. Massive Dev over there... wondering how many ppl going to occupy tat area....

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....
airline
post Nov 17 2011, 04:05 PM

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property market nw full of investors and speculators
kelvin667
post Nov 17 2011, 06:26 PM

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QUOTE(adelk @ Nov 17 2011, 01:42 PM)
Just got an sms, launching tomorrow, but don't think left any good unit looking at the post here... sad.gif
*
We shall see if it is still BBB....or will price still will increase 30 - 40% in sort term
from 700psf to 1000psf in 1-2 years time????
Phoeni_142
post Nov 17 2011, 06:38 PM

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QUOTE(kcliew2005 @ Nov 15 2011, 11:40 AM)
They do allocate carpark for tenant, just need to pay rental. Rate..no sure.

this is commercial properrty, sure the utilities bill base on commercial rate. sad.gif


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.
*
Let's just say I know the area well for certain reasons.

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.
airline
post Nov 18 2011, 10:27 AM

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Who is there now? Sold out?
Is this fully furnished like empire?
Benny-T
post Nov 18 2011, 11:53 AM

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QUOTE(airline @ Nov 18 2011, 10:27 AM)
Who is there now? Sold out?
Is this fully furnished like empire?
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all sold out
airline
post Nov 18 2011, 01:02 PM

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so hot demand property for sohos
kelvin667
post Nov 18 2011, 01:38 PM

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QUOTE(Benny-T @ Nov 18 2011, 11:53 AM)
all sold out
*
now we shall wait for the 40% cap appreciation or average $2500 rental yield brows.gif
angelw
post Nov 18 2011, 02:07 PM

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Sofo stands for small office flexi office so does that means it's combination of office + residential or both??
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post Nov 18 2011, 02:10 PM

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QUOTE(Benny-T @ Nov 18 2011, 11:53 AM)
all sold out
*
wah!!!..really still BBB mode.. rclxm9.gif malaysian r unbelievable!
kelvin667
post Nov 18 2011, 02:25 PM

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QUOTE(angelw @ Nov 18 2011, 02:07 PM)
Sofo stands for small office flexi office so does that means it's combination of office + residential or both??
*
That depend on the SPA but soho yes
lowyat888
post Nov 18 2011, 04:25 PM

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good people still have alot of $$. buy and wait to fatt
accetera
post Nov 18 2011, 05:13 PM

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BBB mode incredible...

so now 100.01% sold out?
lowyat888
post Nov 18 2011, 05:19 PM

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super goreng time
jssl
post Nov 18 2011, 06:22 PM

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QUOTE(dlyw1103 @ Nov 15 2011, 12:40 PM)
Attached Image Official launch
Attached Image
*
From the picture
they will bring in Cinema?
If that is true, we have : MBO@Citta Mall & GSC@paradigm + existing cinemas that located at One U, The Curve, Tropicana City Mall, Sunway, Summit, Subang Parade ... etc

Wow~ shocking.gif
airline
post Nov 18 2011, 06:27 PM

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Got photo of price list?
Robert L
post Nov 18 2011, 06:30 PM

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QUOTE(airline @ Nov 18 2011, 07:27 PM)
Got photo of price list?
*
Went this afternoon ard 1.30pm.... left 6 units, cheapest is ard rm355k, lower floor. RM5k deposit not refundable.....
yoki
post Nov 18 2011, 06:32 PM

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seems like property market still Hot hot hot....
airline
post Nov 18 2011, 06:39 PM

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QUOTE(Robert L @ Nov 18 2011, 06:30 PM)
Went this afternoon ard 1.30pm.... left 6 units, cheapest is ard rm355k, lower floor. RM5k deposit not refundable.....
*
is that the 544sq feet one
Robert L
post Nov 18 2011, 07:25 PM

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QUOTE(airline @ Nov 18 2011, 07:39 PM)
is that the 544sq feet one
*
ya.... only there for 10minits.... agent also lazy to entertain... almost sold out that time.
angelw
post Nov 18 2011, 10:34 PM

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So fast sold out?!
lowyat888
post Nov 18 2011, 11:38 PM

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why didnt u get one?

This post has been edited by lowyat888: Nov 18 2011, 11:38 PM
jet2020
post Nov 18 2011, 11:51 PM

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Empire Damansara value will be easily doubled now......thanks to Atria SOFO! brows.gif
lowyat888
post Nov 18 2011, 11:55 PM

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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
Ambang2
post Nov 19 2011, 01:01 AM

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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......
godutch
post Nov 19 2011, 01:05 AM

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i doubt their are selling well? coz i did not register but keep getting sms about this Atria SOFO
ngkf
post Nov 19 2011, 01:12 AM

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QUOTE(godutch @ Nov 19 2011, 01:05 AM)
i doubt their are selling well? coz i did not register but keep getting sms about this Atria SOFO
*
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.
angelw
post Nov 19 2011, 09:53 AM

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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...
airline
post Nov 19 2011, 10:01 AM

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QUOTE(jet2020 @ Nov 18 2011, 11:51 PM)
Empire Damansara value will be easily doubled now......thanks to Atria SOFO!  brows.gif
*
empire damansara soho or studio
accetera
post Nov 19 2011, 11:04 AM

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there's actually grade A office demand in PJ
BEANCOUNTER
post Nov 19 2011, 12:17 PM

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this one is SOFO....not allowed to use as residential, technically!
airline
post Nov 19 2011, 12:23 PM

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What difference I-con city and this project?
godutch
post Nov 19 2011, 04:14 PM

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QUOTE(accetera @ Nov 19 2011, 11:04 AM)
there's actually grade A office demand in PJ
*
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.




accetera
post Nov 19 2011, 08:47 PM

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QUOTE(godutch @ Nov 19 2011, 04:14 PM)
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.
*
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...

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
Kl_property88
post Nov 22 2011, 03:12 PM

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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
airline
post Nov 22 2011, 03:31 PM

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Pm
Me ur number and details. My friend keen. At waiting list. At original price
smez
post Nov 22 2011, 04:28 PM

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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.
Gyokumen_Koushu
post Nov 22 2011, 11:35 PM

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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
wanfongc
post Nov 23 2011, 01:18 AM

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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.
R o Y
post Nov 23 2011, 02:14 AM

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Looks like its not actually fully sold, just fully booked by many people who are only keen on reselling before S&P
wanfongc
post Nov 23 2011, 04:30 PM

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Got chosen units available... Cal for more details n best deal.... 012 2191043 chow
airline
post Nov 23 2011, 04:36 PM

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resell for how many k higher?
Gyokumen_Koushu
post Nov 23 2011, 04:49 PM

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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
wanfongc
post Nov 23 2011, 05:13 PM

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QUOTE(airline @ Nov 23 2011, 04:36 PM)
resell for how many k higher?
*
5k rebate from developer.. No mark up, no price increase.. Follow back agreement price.. Choices units.. Cal 012 2191043 for more info...
airline
post Nov 23 2011, 05:18 PM

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why u all want to let go then?
wanfongc
post Nov 23 2011, 05:35 PM

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QUOTE(airline @ Nov 23 2011, 05:18 PM)
why u all want to let go then?
*
Group investment, many units...
icez
post Nov 23 2011, 09:30 PM

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Edited.

This post has been edited by icez: Nov 23 2011, 09:33 PM
Gyokumen_Koushu
post Nov 23 2011, 09:41 PM

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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
R o Y
post Nov 23 2011, 09:56 PM

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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.

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.
*
So if not many buyers take up your offer, your group will go ahead to buy all 3 floors anyway?
airline
post Nov 23 2011, 10:12 PM

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U buy 3 floors sure get cheaper price boss?
Gyokumen_Koushu
post Nov 23 2011, 10:24 PM

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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
lowyat888
post Nov 23 2011, 10:37 PM

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what will be the price like? inclusive of parking lot etc. more details plse
Gyokumen_Koushu
post Nov 23 2011, 10:46 PM

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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
airline
post Nov 23 2011, 11:52 PM

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HoW much one need to fork out. Prefer less cash upfront
Loan legal fees absorbed?
Phoeni_142
post Nov 24 2011, 12:26 AM

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I wish the prospective buyers well.

This post has been edited by Phoeni_142: Nov 24 2011, 12:41 AM
Kl_property88
post Nov 24 2011, 04:10 AM

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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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post Nov 24 2011, 06:41 AM

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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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GlobalKL
post Nov 24 2011, 07:05 AM

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QUOTE(Gyokumen_Koushu @ Nov 23 2011, 04:49 PM)
me and my partners we bought 3 floors from developer.

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.
*
now we know why it "booked" out so fast....this is not a genuine "sold" out.... doh.gif doh.gif doh.gif

use LYN as dumping ground?
GlobalKL
post Nov 24 2011, 07:07 AM

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QUOTE(wanfongc @ Nov 23 2011, 05:13 PM)
5k rebate from developer.. No mark up, no price increase.. Follow back agreement price.. Choices units.. Cal 012 2191043 for more info...
*
why you want to sell it without making $$$? Doing charity kah? cool2.gif
GlobalKL
post Nov 24 2011, 07:08 AM

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QUOTE(wanfongc @ Nov 23 2011, 05:35 PM)
Group investment, many units...
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another excuse? the bottom line is $$$$$$....apa itu, apa ini, at the end is $$$$$
GlobalKL
post Nov 24 2011, 07:11 AM

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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.
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.
*
Buy from developer @ buy from us = same benefits....do you mean you earn nothing from this deal?
GlobalKL
post Nov 24 2011, 07:12 AM

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QUOTE(Phoeni_142 @ Nov 24 2011, 12:26 AM)
I wish the prospective buyers well.
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I wish the prospective buyers double "well".... rclxms.gif rclxms.gif rclxms.gif
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post Nov 24 2011, 07:18 AM

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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.
bux
post Nov 24 2011, 07:25 AM

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QUOTE(GlobalKL @ Nov 24 2011, 07:11 AM)
Buy from developer @ buy from us = same benefits....do you mean you earn nothing from this deal?
*
surely negotiated a good margin from developer for a 30+ units sekali purchase..no free lunch la
1lima
post Nov 24 2011, 07:45 AM

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QUOTE(bux @ Nov 24 2011, 07:25 AM)
surely negotiated a good margin from developer for a 30+ units sekali purchase..no free lunch la
*

Got free lunch during launch from OSK or not? biggrin.gif biggrin.gif But I would not expect OSK to go for such arrangements.
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post Nov 24 2011, 07:52 AM

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QUOTE(1lima @ Nov 24 2011, 07:45 AM)
Got free lunch during launch from OSK or not? biggrin.gif  biggrin.gif  But I would not expect OSK to go for such arrangements.
*
Now at least the registrants knows how much OSK treasure them.

This post has been edited by webby88: Nov 24 2011, 07:53 AM
ManutdGiggs
post Nov 24 2011, 09:00 AM

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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???
Gyokumen_Koushu
post Nov 24 2011, 09:06 AM

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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
kelvin667
post Nov 24 2011, 09:33 AM

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it seem like people are getting worried....
Gyokumen_Koushu
post Nov 24 2011, 09:43 AM

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QUOTE(kelvin667 @ Nov 24 2011, 09:33 AM)
it seem like people are getting worried....
*
i got even worried when i receive cheque where those investors don't ask much.
again this why i need to clarify.
these investors know what they are doing.
as most already have some units in block a.
kelvin667
post Nov 24 2011, 10:21 AM

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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.


bux
post Nov 24 2011, 10:22 AM

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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.
airline
post Nov 24 2011, 10:23 AM

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How much estimate the small units can rent out
samngcheesan
post Nov 24 2011, 11:01 AM

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QUOTE(airline @ Nov 24 2011, 10:23 AM)
How much estimate the small units can rent out
*
3 years later = 2.5k up for fully furnish
ronn77
post Nov 24 2011, 11:05 AM

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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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post Nov 24 2011, 11:42 AM

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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.



kelvin667
post Nov 24 2011, 12:05 PM

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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.
Total = 392 units.
lyn here <10 units.
I would say the stats you referring, would not justify this scenario here.
*
Hi Gyokumen,

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 shocking.gif
Phoeni_142
post Nov 24 2011, 12:44 PM

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QUOTE(GlobalKL @ Nov 24 2011, 07:12 AM)
I wish the prospective buyers double "well".... rclxms.gif  rclxms.gif  rclxms.gif
*
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. tongue.gif rclxms.gif
lowyat888
post Nov 24 2011, 01:23 PM

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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 rclxub.gif

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
accetera
post Nov 24 2011, 02:46 PM

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heard dat Gamuda office is moving out... can anyone confirm??
prop99
post Nov 24 2011, 03:45 PM

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QUOTE(accetera @ Nov 24 2011, 02:46 PM)
heard dat Gamuda office is moving out... can anyone confirm??
*
I know some are moving out but not sure if the entire group is moving.
lowyat888
post Nov 24 2011, 05:17 PM

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moving to where?
accetera
post Nov 24 2011, 05:27 PM

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they need more more office space....
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post Nov 24 2011, 05:57 PM

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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.
Total = 392 units.
lyn here <10 units.
I would say the stats you referring, would not justify this scenario here.
*
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.
kelvin667
post Nov 24 2011, 06:02 PM

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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
airline
post Nov 24 2011, 06:03 PM

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Rich college kids from
Kdu lo
Got cinema ma

This post has been edited by airline: Nov 24 2011, 06:03 PM
Kl_property88
post Nov 24 2011, 06:14 PM

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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!! vmad.gif
airline
post Nov 24 2011, 06:50 PM

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Which investor club is this?

Every project also they go in?
1lima
post Nov 24 2011, 07:20 PM

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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
GlobalKL
post Nov 24 2011, 08:27 PM

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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 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!! vmad.gif
*
how much you need to burn per unit? Any taker for your units?
accetera
post Nov 24 2011, 08:47 PM

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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
domoconcepts
post Nov 24 2011, 09:37 PM

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atria is selling fast... gosh...
anyway, nice location... !
jet2020
post Nov 24 2011, 09:50 PM

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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.

anyway....thanks for picking up my "well" meaning. LOL.  tongue.gif  rclxms.gif
*
even PJ King also tak brani nak masok.....but there are 300+ courageous bravehearts going in for the kill or get killed.... sweat.gif
airline
post Nov 24 2011, 11:15 PM

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what is OSK next project. that can flip one?
Gyokumen_Koushu
post Nov 25 2011, 12:54 AM

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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 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!! vmad.gif
*
I am from "the investor club".
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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post Nov 25 2011, 01:08 AM

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QUOTE(kelvin667 @ Nov 24 2011, 10:21 AM)
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.
*
rclxms.gif rclxms.gif rclxms.gif
R o Y
post Nov 25 2011, 01:17 AM

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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?
accetera
post Nov 25 2011, 01:25 AM

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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
carmentee
post Nov 25 2011, 01:27 AM

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property up too fast.. hard to breath
R o Y
post Nov 25 2011, 02:22 AM

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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

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
*
No matter who they manage to bring in, it will still be a suburban mall.

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

GlobalKL
post Nov 25 2011, 07:28 AM

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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
GlobalKL
post Nov 25 2011, 07:30 AM

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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

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
*
accetera kor, a lot of positive points from you. any particular reason?
GlobalKL
post Nov 25 2011, 07:32 AM

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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.

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
*
How can this Atria compare with Mid Valley...Atria land is smaller than Mid Valley....

GlobalKL
post Nov 25 2011, 07:44 AM

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QUOTE(Gyokumen_Koushu @ Nov 25 2011, 12:54 AM)
I am from "the investor club".
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.
*
finally the truth is reveal...rebate 10%.
kelvin667
post Nov 25 2011, 09:55 AM

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QUOTE(GlobalKL @ Nov 25 2011, 07:30 AM)
accetera kor, a lot of positive points from you. any particular reason?
*
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
Kl_property88
post Nov 25 2011, 01:18 PM

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QUOTE(GlobalKL @ Nov 25 2011, 07:44 AM)
finally the truth is reveal...rebate 10%.
*
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!!!!
walle
post Nov 25 2011, 03:56 PM

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QUOTE(carmentee @ Nov 25 2011, 01:27 AM)
property up too fast.. hard to breath
*
blush.gif Sideline a bit, Carmen, so wats de update of 260k, near klcc project?
lowyat888
post Nov 25 2011, 03:58 PM

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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 smile.gif

This post has been edited by lowyat888: Nov 25 2011, 04:00 PM
samngcheesan
post Nov 25 2011, 04:14 PM

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Definitely rent a car park will be No
airline
post Nov 25 2011, 04:19 PM

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Empire damansara also no car park
Robert L
post Nov 25 2011, 04:20 PM

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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....
Gyokumen_Koushu
post Nov 25 2011, 11:47 PM

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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_property88
GlobalKL

Up until now, these jokers still totally have no clue on what is going on.
It is rather pathetic, really.

sweety9797
post Nov 25 2011, 11:51 PM

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QUOTE(samngcheesan @ Nov 25 2011, 04:14 PM)
Definitely rent a car park will be No
*
Rent car park pun tak ada.......susah wer
accetera
post Nov 25 2011, 11:54 PM

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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
kbandito
post Nov 26 2011, 12:28 PM

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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.
Phoeni_142
post Nov 26 2011, 01:56 PM

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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.

accetera
post Nov 26 2011, 02:18 PM

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my neighbourhood nearby has recorded a record transaction recently...

Kl_property88
post Nov 26 2011, 05:15 PM

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QUOTE(Gyokumen_Koushu @ Nov 25 2011, 11:47 PM)
Kl_property88
GlobalKL

Up until now, these jokers still totally have no clue on what is going on.
It is rather pathetic, really.
*
Sorry for being straight forward, i might affect your sales and profit but i just want to tell the truth. Im sorry bro.
ManutdGiggs
post Nov 26 2011, 05:45 PM

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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.
GlobalKL
post Nov 27 2011, 10:00 AM

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QUOTE(walle @ Nov 25 2011, 03:56 PM)
blush.gif  Sideline a bit, Carmen, so wats de update of 260k, near klcc project?
*
you are still dreaming of this project? biggrin.gif
GlobalKL
post Nov 27 2011, 10:14 AM

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QUOTE(Gyokumen_Koushu @ Nov 25 2011, 11:47 PM)
Kl_property88
GlobalKL

Up until now, these jokers still totally have no clue on what is going on.
It is rather pathetic, really.
*
Gyokumen_Koushu/derrick @ 012 9443 953,

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... whistling.gif whistling.gif whistling.gif


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.





GlobalKL
post Nov 27 2011, 10:16 AM

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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.
*
why sorry? different people have different opinion. Agreed to disagree. rclxm9.gif rclxm9.gif rclxm9.gif
ManutdGiggs
post Nov 27 2011, 10:35 AM

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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.
walle
post Nov 27 2011, 11:12 AM

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QUOTE(GlobalKL @ Nov 27 2011, 10:00 AM)
you are still dreaming of this project?  biggrin.gif
*
Not dreaminglar..just no more update frm tat carmen,so confirm is mass email collecting ar? tongue.gif


Added on November 27, 2011, 11:16 am
QUOTE(GlobalKL @ Nov 27 2011, 10:16 AM)
why sorry? different people have different opinion. Agreed to disagree.  rclxm9.gif  rclxm9.gif  rclxm9.gif
*
Agree kaw kaw! Why apologize?? We hv right to voice opinion...don't hv to resort to personal attack.. cool2.gif

This post has been edited by walle: Nov 27 2011, 11:16 AM
Gyokumen_Koushu
post Nov 27 2011, 09:22 PM

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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_property88
GlobalKL

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
airline
post Nov 27 2011, 09:27 PM

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So u doing for free? As service for lowyat members?
Gyokumen_Koushu
post Nov 27 2011, 09:36 PM

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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
kelvin667
post Nov 28 2011, 01:01 AM

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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..smile.gif just my 2 cents
Ambang2
post Nov 28 2011, 01:05 AM

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Good luck to those people buying pigeon hole at ridiculous price....
kelvin667
post Nov 28 2011, 12:43 PM

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QUOTE(Ambang2 @ Nov 28 2011, 01:05 AM)
Good luck to those people buying pigeon hole at ridiculous price....
*
wrong tongue.gif
it is a pigeon hole without a landing bay for the pigeon. so happy flying around and snatch any landing bay with other pigeon sweat.gif
lucerne
post Nov 28 2011, 02:10 PM

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whats wrong when developers outsource their sales arm/marketing to agents?? the cost is abt the same...
GlobalKL
post Nov 28 2011, 02:14 PM

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[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
GlobalKL
post Nov 28 2011, 02:27 PM

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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?

1282009
post Nov 28 2011, 07:04 PM

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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 rclxub.gif


Gyokumen_Koushu
post Nov 28 2011, 07:12 PM

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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.

accetera
post Nov 28 2011, 11:42 PM

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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
kelvin667
post Nov 29 2011, 12:04 AM

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QUOTE(accetera @ Nov 28 2011, 11:42 PM)
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.
*
With due respect, accetera tai kor, i know you are a pro in this area.
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
R o Y
post Nov 29 2011, 12:10 AM

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Where is the most expensive per square foot price in PJ at the moment?
GOSHEN
post Nov 29 2011, 12:12 AM

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QUOTE(accetera @ Nov 28 2011, 11:42 PM)
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.
*
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.

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......... rolleyes.gif
accetera
post Nov 29 2011, 12:37 AM

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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
Ambang2
post Nov 29 2011, 12:44 AM

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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.
airline
post Nov 29 2011, 09:28 AM

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QUOTE(R o Y @ Nov 29 2011, 12:10 AM)
Where is the most expensive per square foot price in PJ at the moment?
*
icon city mah sing
kelvin667
post Nov 29 2011, 09:37 AM

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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 yet

But 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
sweety9797
post Nov 29 2011, 10:02 AM

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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.
Discord
post Nov 29 2011, 10:41 AM

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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
walle
post Nov 29 2011, 10:43 AM

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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.

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!
*
Mind to share/PM the purchase price and rebate..etc..??
GOSHEN
post Nov 29 2011, 11:55 PM

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QUOTE(walle @ Nov 29 2011, 10:43 AM)
Mind to share/PM the purchase price and rebate..etc..??
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Damansara Uptown selling 850++ psf. shocking.gif

Atria...still wink.gif
bakacupid
post Nov 30 2011, 12:03 AM

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QUOTE(GOSHEN @ Nov 30 2011, 12:55 AM)
Damansara Uptown selling 850++ psf.  shocking.gif

Atria...still  wink.gif
*
condo or soho?
Discord
post Nov 30 2011, 12:12 AM

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QUOTE(ManutdGiggs @ Oct 8 2011, 06:44 PM)
Any shop for sale???
*
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)
condo or soho?
*
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
kelvin667
post Nov 30 2011, 09:53 AM

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QUOTE(Discord @ Nov 30 2011, 12:12 AM)
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
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.
*
Not trying to shoot you down blindly, my friend.

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?



Discord
post Nov 30 2011, 10:12 AM

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QUOTE(kelvin667 @ Nov 30 2011, 09:53 AM)
Not trying to shoot you down blindly, my friend.

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?
*
Feel free to explain.
walle
post Nov 30 2011, 10:16 AM

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QUOTE(GOSHEN @ Nov 29 2011, 11:55 PM)
Damansara Uptown selling 850++ psf.  shocking.gif

Atria...still  wink.gif
*
where u see damansara uptown and selling 850++ psf? rclxub.gif
Vintage_X
post Nov 30 2011, 11:29 AM

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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!


lowyat888
post Nov 30 2011, 11:38 AM

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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
accetera
post Nov 30 2011, 12:02 PM

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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
Phoeni_142
post Nov 30 2011, 12:46 PM

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QUOTE(accetera @ Nov 30 2011, 12:02 PM)
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).
*
Chief, it's doesn't matter whether it's called a SOFO or whatever, or whether it is meant as an office play.

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.
lowyat888
post Nov 30 2011, 04:17 PM

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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.
Ambang2
post Nov 30 2011, 09:56 PM

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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....
airline
post Nov 30 2011, 09:57 PM

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Buy and sell before s&p
I also want
webby88
post Nov 30 2011, 10:35 PM

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QUOTE(airline @ Nov 30 2011, 09:57 PM)
Buy and sell before s&p
I also want
*
Nothing to flip but makes money. Deal of the century!!!! biggrin.gif
kelvin667
post Nov 30 2011, 11:07 PM

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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
webby88
post Nov 30 2011, 11:15 PM

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QUOTE(kelvin667 @ Nov 30 2011, 11:07 PM)
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
*

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. smile.gif Good luck to all the buyers.
RomaNce
post Dec 1 2011, 12:37 AM

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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
accetera
post Dec 1 2011, 01:30 AM

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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
katijar
post Dec 1 2011, 08:32 AM

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QUOTE(RomaNce @ Dec 1 2011, 12:37 AM)
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.
*
majority just want to flip. They don't really care about the long term rental yield lah... i think.
Phoeni_142
post Dec 1 2011, 10:05 AM

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QUOTE(accetera @ Dec 1 2011, 01:30 AM)
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.  =)
*
well....let's see if the construction boom turns into an inward explosion for these hotshot developers smile.gif
katijar
post Dec 1 2011, 10:21 AM

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last time, when boom time, just build more....

when down time, abandon project...

but now if abandon project, can get into jail right?
kelvin667
post Dec 1 2011, 10:28 AM

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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
kkkk
post Dec 1 2011, 11:35 AM

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QUOTE(kelvin667 @ Dec 1 2011, 10:28 AM)
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
*
u r very outdated, some near klcc not dare to ask 1k psf ???? when and where u get this info ??hoho

banyan tree, asking already 2k psf la ....

This post has been edited by kkkk: Dec 1 2011, 11:36 AM
RomaNce
post Dec 1 2011, 02:40 PM

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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.
kelvin667
post Dec 1 2011, 04:23 PM

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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

banyan tree, asking already 2k psf la ....
*
sorry mate
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
RomaNce
post Dec 1 2011, 08:36 PM

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QUOTE(kelvin667 @ Dec 1 2011, 04:23 PM)
sorry mate
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
*
Damansara is k lei fei to expartriate or only for k lei fei epartriate which enjoy the jam with some garage and old shops.

bux
post Dec 1 2011, 11:28 PM

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QUOTE(RomaNce @ Dec 1 2011, 08:36 PM)
Damansara is k lei fei to expartriate or only for k lei fei epartriate which enjoy the jam with some garage and old shops.
*
nonsense
Gyokumen_Koushu
post Dec 2 2011, 12:45 AM

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QUOTE(katijar @ Dec 1 2011, 10:21 AM)
last time, when boom time, just build more....

when down time, abandon project...

but now if abandon project, can get into jail right?
*
HDA is enforced since 2009 for all residential projects.
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.
airline
post Dec 2 2011, 01:24 AM

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So any anyone bought so far from this sellers online?
kelvin667
post Dec 2 2011, 10:34 AM

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let's wait for SHC one at uptown
i think it is a better play.. drool.gif
Discord
post Dec 2 2011, 02:46 PM

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QUOTE(airline @ Dec 2 2011, 01:24 AM)
So any anyone bought so far from this sellers online?
*
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.
mercury8400
post Dec 2 2011, 02:56 PM

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QUOTE(RomaNce @ Dec 1 2011, 12:37 AM)
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.
*
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.

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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post Dec 2 2011, 04:15 PM

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QUOTE(kelvin667 @ Dec 2 2011, 10:34 AM)
let's wait for SHC one at uptown
i think it is a better play.. drool.gif
*
they are selling for 850-950 psf. Still BBB?????? rclxms.gif rclxms.gif

This post has been edited by karma888: Dec 2 2011, 04:16 PM
Gyokumen_Koushu
post Dec 2 2011, 04:24 PM

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bbb!
And i thought that Altium @ damansara perdana, "is already having exclusive psf" < 830, with msc status....

kelvin667
post Dec 3 2011, 10:08 AM

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QUOTE(karma888 @ Dec 2 2011, 04:15 PM)
they are selling for 850-950 psf. Still BBB?????? rclxms.gif  rclxms.gif
*
if is RM100 psf increase why not drool.gif
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 tongue.gif

anyway where the source that say this is without carpark
normally unit without carpark only applies to office tongue.gif
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post Dec 4 2011, 12:10 AM

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QUOTE(kelvin667 @ Dec 3 2011, 10:08 AM)
if is RM100 psf increase why not drool.gif
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 tongue.gif

anyway where the source that say this is without carpark
normally unit without carpark only applies to office tongue.gif
*
I hope the price won't reach 1mil .. doh.gif


miuk
post Dec 6 2011, 01:47 PM

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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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post Dec 6 2011, 06:22 PM

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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.

No expat is going to rent 2.5k for a 500sf unit.
*
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.
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post Dec 6 2011, 06:39 PM

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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.
RomaNce
post Dec 6 2011, 07:10 PM

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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.....
mercury8400
post Dec 6 2011, 09:21 PM

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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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post Dec 6 2011, 10:09 PM

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QUOTE(mercury8400 @ Dec 6 2011, 09:21 PM)
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....
*
the old atria was screwed kaw2 by lhcb to the extent that it had to be placed under monitoring accounting before selling to osk.

accetera
post Dec 6 2011, 10:14 PM

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QUOTE(RomaNce @ Dec 6 2011, 07:10 PM)
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.....
*
The expats are actually in the Bandar Utama-Mutiara Damansara area now.

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
RomaNce
post Dec 6 2011, 10:27 PM

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QUOTE(accetera @ Dec 6 2011, 10:14 PM)
The expats are actually in the Bandar Utama-Mutiara Damansara area now.

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).
*
Yes fully agreed. BU and MD can be a good area with good infra with a lot of good company for expat.

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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post Dec 7 2011, 05:02 AM

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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)
accetera
post Dec 14 2011, 11:56 PM

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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.
Phoeni_142
post Dec 15 2011, 12:12 AM

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QUOTE(accetera @ Dec 14 2011, 11:56 PM)
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.
*
please lah. Gamuda just occupies one shoplot. No big deal. Office is quiet maciam cemetary. No difference to us residents.
accetera
post Dec 15 2011, 12:39 AM

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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.
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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
airline
post Dec 15 2011, 03:20 AM

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Better for empire damansara purchasers
Phoeni_142
post Dec 15 2011, 10:15 AM

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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.

It has maybe a hundred staffs based there.

Overall and all subsidiaries/interests, the company has about 5,000 staffs.
*
If that's a key anchor tenant we lost......well, I don't see it as a loss at all.

This post has been edited by Phoeni_142: Dec 15 2011, 10:20 AM
kelvin667
post Dec 16 2011, 10:53 AM

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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
property strategist
post Dec 20 2011, 11:01 PM

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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%?
qingliexi
post Apr 16 2012, 03:36 PM

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another project by OSK, SOFO Suites at Paragon, Pan’gaea @ Cyberjaya, anyone has any idea about it?
accetera
post Dec 16 2012, 10:40 PM

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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

user posted image

One week later...

user posted image


QUOTE
user posted image

user posted image
Babizz
post Apr 24 2015, 08:57 PM

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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
Babizz
post Apr 24 2015, 09:04 PM

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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


ryan@chua
post Apr 24 2015, 10:45 PM

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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

Babizz
post Apr 24 2015, 10:58 PM

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QUOTE(ryan@chua @ Apr 24 2015, 08:45 AM)
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
*
My opinion of the best 5:
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 brows.gif brows.gif

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.
ryan@chua
post Apr 24 2015, 11:46 PM

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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. 😉

Frankoi
post Apr 29 2015, 11:30 AM

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29.4.2015 err sorry about the orientation. busy now will try to realign the photos again later.

This post has been edited by Frankoi: Apr 29 2015, 11:36 AM
butthead76
post Apr 29 2015, 12:17 PM

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this project seems delayed like 1yr?
Babizz
post Apr 29 2015, 01:07 PM

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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.
The rest....aka aka mall, let's them fighting each other. 😉
*
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..

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 icon_idea.gif icon_idea.gif I think atria n sunway putra will do well..

Atria, sunway putra n mitsui mall all opening on 28/5/15...
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post Apr 29 2015, 01:57 PM

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post Apr 29 2015, 01:58 PM

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gks
post Apr 29 2015, 02:10 PM

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Another SOFO project.

So where are the sofo/sovo naysayers?

ManutdGiggs
post Apr 29 2015, 03:04 PM

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QUOTE(gks @ Apr 29 2015, 02:10 PM)
Another SOFO project.

So where are the sofo/sovo naysayers?
*
Hi some buyers I know oledi shaking legs liao. How true the bright future???
HELLO HELLO
post Apr 29 2015, 03:16 PM

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QUOTE(Babizz @ Apr 24 2015, 10:58 PM)
My opinion of the best 5:
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  brows.gif  brows.gif

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.
*
nice ranking. same choice as u. manyak tenants sure agree your ranking list.
MV still top of the list for most tenants.

This post has been edited by HELLO HELLO: Apr 29 2015, 03:17 PM
mingyew
post Apr 29 2015, 03:22 PM

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some sofo buyer already body blooded as they need to pay gst in cash
gks
post Apr 29 2015, 03:38 PM

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QUOTE(ManutdGiggs @ Apr 29 2015, 03:04 PM)
Hi some buyers I know oledi shaking legs liao. How true the bright future???
*
Great, there are another 20-30 SOFO/SOVO projects out there. These threads need your participation ManutdGiggs kor. If you need, i can PM you the list.
ManutdGiggs
post Apr 29 2015, 03:39 PM

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QUOTE(gks @ Apr 29 2015, 03:38 PM)
Great, there are another 20-30 SOFO/SOVO projects out there. These threads need your participation ManutdGiggs kor. If you need, i can PM you the list.
*
I hope u alter ur words in ur page then.
gks
post Apr 29 2015, 03:39 PM

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QUOTE(mingyew @ Apr 29 2015, 03:22 PM)
some sofo buyer already body blooded as they need to pay gst in cash
*
Yup, non-residential need to pay GST for balance progress billings. This is one of the setback purchasing commercial properties.
Frankoi
post Apr 29 2015, 03:52 PM

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[attachmentid=4430991]

why d photos upload sideways ... stupid computer. mad.gif i give up!

This post has been edited by Frankoi: Apr 29 2015, 04:07 PM
Frankoi
post Apr 29 2015, 04:06 PM

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LTG
post Apr 29 2015, 08:20 PM

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good place , many makan place ~ one more place for movie?
Carlyle Kid
post Apr 29 2015, 09:00 PM

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QUOTE(LTG @ Apr 29 2015, 08:20 PM)
good place , many makan place ~ one more place for movie?
*
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)!
HELLO HELLO
post Apr 29 2015, 10:10 PM

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QUOTE(LTG @ Apr 29 2015, 08:20 PM)
good place , many makan place ~ one more place for movie?
*
Don't forget the starling mall Sibeh near. Also ada cinema. Outside the mall with a bridge macam pavilion kl If building inspection pass.

This post has been edited by HELLO HELLO: Apr 29 2015, 10:10 PM
Babizz
post Apr 29 2015, 10:28 PM

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QUOTE(HELLO HELLO @ Apr 29 2015, 01:16 AM)
nice ranking. same choice as u. manyak tenants sure agree your ranking list.
MV still top of the list for most tenants.
*
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 brows.gif brows.gif
LTG
post Apr 29 2015, 11:28 PM

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midvalley is hard to replace ~good location with office and hotel
accetera
post May 12 2015, 08:46 PM

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Tenant list are re-written here:
http://www.ptlm.com.my/index.php/component...-on-28-may-2015

maodi
post May 12 2015, 10:27 PM

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QUOTE(accetera @ May 12 2015, 08:46 PM)
Origin from http://www.skyscrapercity.com/showthread.php?t=931710&page=8

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"!
accetera
post May 12 2015, 11:15 PM

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QUOTE(maodi @ May 12 2015, 10:27 PM)
Origin from http://www.skyscrapercity.com/showthread.php?t=931710&page=8

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"!
*
Our source came not from forum.

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
maodi
post May 12 2015, 11:26 PM

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QUOTE(accetera @ May 12 2015, 11:15 PM)
Our source came not from forum.

Also, Atria website already revealed long time ago but forumers elsewhere did not put credit.
*
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!


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accetera
post May 12 2015, 11:31 PM

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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!
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*
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
Babizz
post May 22 2015, 10:34 PM

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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.
HELLO HELLO
post May 22 2015, 10:50 PM

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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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post May 22 2015, 10:52 PM

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Looks like Sunway putramall screw up Liao. May postpone some more... Jialat Liao.
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post May 22 2015, 10:57 PM

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QUOTE(HELLO HELLO @ May 22 2015, 08:52 AM)
Looks like Sunway putramall screw up Liao. May postpone some more... Jialat Liao.
*
Atriu is smart..charge cheap rental but bring in high class tenant.. Putra charge high rental..Putramall, atria n mitsui opening same day mah..they should only open when 70% la rclxms.gif rclxms.gif
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post May 22 2015, 11:33 PM

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QUOTE(maodi @ May 12 2015, 11:27 PM)
Origin from http://www.skyscrapercity.com/showthread.php?t=931710&page=8

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"!
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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.

This post has been edited by propertybbb: May 22 2015, 11:34 PM
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post May 22 2015, 11:38 PM

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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.
*
thumbup.gif


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post May 28 2015, 06:59 PM

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Saw Atrias pictures.. Truly STUNNING! Most high keras mall in Damansara So far!

Thumbs UP OSK!
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post May 28 2015, 08:24 PM

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QUOTE(Babizz @ May 28 2015, 06:59 PM)
Saw Atrias pictures.. Truly STUNNING! Most high keras mall in Damansara So far!

Thumbs UP OSK!
*
Crowd good?

How about Sunway Putra mall? Open today also.
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post May 28 2015, 08:37 PM

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QUOTE(propertybbb @ May 23 2015, 12:33 AM)
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.
*
I usually don't agree with you.

This time I give you a thumbup.gif
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post May 28 2015, 09:14 PM

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QUOTE(HELLO HELLO @ May 28 2015, 06:24 AM)
Crowd good?

How about Sunway Putra mall? Open today also.
*
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 drool.gif drool.gif

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!


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post May 28 2015, 09:16 PM

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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
geolee
post May 28 2015, 09:16 PM

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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  brows.gif  brows.gif
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Eco city actually purposely scrap the plan to.have its own mall.....tat is called collaboration
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post May 28 2015, 09:18 PM

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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
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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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post May 28 2015, 09:19 PM

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check back in 3 years time. I bet this going to be a mati mall sweat.gif
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post May 28 2015, 09:22 PM

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QUOTE(tikaram @ May 28 2015, 09:19 PM)
check back in 3 years time. I bet this going to be a mati mall sweat.gif
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U mean this mall going to mati again?
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post May 28 2015, 09:23 PM

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QUOTE(geolee @ May 28 2015, 07:16 AM)
Eco city actually purposely scrap the plan to.have its own mall.....tat is called collaboration
*
Ecocity still got small 400ksqft mall.. Really need FnB thr for the office n apartment thr smile.gif smile.gif Confirm do well as the link to LRT, KTM is thr nod.gif nod.gif N also design by Jerde partnership
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post May 28 2015, 09:25 PM

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QUOTE(HELLO HELLO @ May 28 2015, 10:22 PM)
U mean this mall going to mati again?
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any mall deep inside sure mati one.
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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  drool.gif  drool.gif

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!
*
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.

This post has been edited by HELLO HELLO: May 28 2015, 09:35 PM
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QUOTE(tikaram @ May 28 2015, 09:25 PM)
any mall deep inside sure mati one.
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Ic... How about shc starling mall? Better chansi? This 1 Near main road. Not far from atria.

This post has been edited by HELLO HELLO: May 28 2015, 09:38 PM
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post May 28 2015, 09:38 PM

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QUOTE(HELLO HELLO @ May 28 2015, 10:37 PM)
Ic... How about shc starling mall? Better chansi? This 1 Near main road. Not far from atria.
*
that one still have chances

This post has been edited by tikaram: May 28 2015, 09:39 PM
geolee
post 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  smile.gif  smile.gif Confirm do well as the link to LRT, KTM is thr nod.gif  nod.gif N also design by Jerde partnership
*
Exactly compliment each other with eco.city that huge amount of space. Can easily be another mall....
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post May 28 2015, 09:45 PM

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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.
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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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post May 28 2015, 09:45 PM

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QUOTE(geolee @ May 28 2015, 07:44 AM)
Exactly compliment each other with eco.city that huge amount of space. Can easily be another mall....
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Yes they choose to build many offices like The Pillars.. back to atria talk.. What u think of Atria mall?
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post May 28 2015, 09:55 PM

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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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post May 28 2015, 09:59 PM

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QUOTE(geolee @ May 28 2015, 07:55 AM)
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....
*
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 drool.gif drool.gif
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post May 28 2015, 10:31 PM

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if got cinema sure can be better ~
after eat no place to go liao inside the mall
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post May 28 2015, 10:58 PM

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QUOTE(tikaram @ May 28 2015, 09:25 PM)
any mall deep inside sure mati one.
*
Agree! Look at SS2 mall then it proves your statement already. But BSC n BV doing ok wo….. hmm.gif
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post May 29 2015, 09:16 AM

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QUOTE(Maneki-neko @ May 28 2015, 10:58 PM)
Agree! Look at SS2 mall then it proves your statement already. But BSC n BV doing ok wo….. hmm.gif
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after dim sum can go walk walk ~
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QUOTE(Maneki-neko @ May 28 2015, 10:58 PM)
Agree! Look at SS2 mall then it proves your statement already. But BSC n BV doing ok wo….. hmm.gif
*
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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post May 29 2015, 09:59 AM

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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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post May 29 2015, 10:22 AM

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the sofo is also office title?
can stay past mid night and sleep?

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post May 29 2015, 10:37 AM

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QUOTE(vajos @ May 29 2015, 10:22 AM)
the sofo is also office title?
can stay past mid night and sleep?
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have you ever slept in your office before?

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post May 29 2015, 10:42 AM

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QUOTE(kochin @ May 29 2015, 10:37 AM)
have you ever slept in your office before?
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never try before? my ofit tak boleh mandi

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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  drool.gif  drool.gif
*
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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post May 31 2015, 10:26 AM

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QUOTE(HELLO HELLO @ May 30 2015, 07:36 PM)
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.
*
Yeap BSC much more luxurious than atria mall.. U visited atria d?
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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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QUOTE(Babizz @ May 31 2015, 10:26 AM)
Yeap BSC much more luxurious than atria mall.. U visited atria d?
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bro,Atria position as BV1 or 2 good enuf
quality tenant n environment
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There are many who live in their SOHO. Let me know if the same for this SOFO.
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QUOTE(jieming @ Jun 1 2015, 11:00 PM)
There are many who live in their SOHO. Let me know if the same for this SOFO.
*
many live in SOHO?
any living in SOFO,SOXO,SOVO,SOHAI?
accetera
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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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post Jun 3 2015, 07:57 AM


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This project by meh?
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post Jun 3 2015, 10:18 AM

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QUOTE(Frankoi @ Jun 3 2015, 09:52 AM)
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what it means ?
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QUOTE(accetera @ Jun 2 2015, 09:19 PM)
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.
*
so what are you implying? that it's "okay" to stay in sovo soxo sofo?

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? hmm.gif

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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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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post Jun 3 2015, 10:47 AM

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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....
*
you have your views and i have mine.
agree to disagree.
rclxms.gif
accetera
post Jun 3 2015, 03:24 PM

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QUOTE(kochin @ Jun 3 2015, 10:25 AM)
so what are you implying? that it's "okay" to stay in sovo soxo sofo?

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?  hmm.gif

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.
*
Dear Sir, as I said, all MEH products do not sign the complete set schedules of HDA, they do not conform hence non HDA.

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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post Jun 3 2015, 08:55 PM

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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.

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.
*
Boss, thanks for the info...

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?
dreamkiller
post Jun 25 2015, 05:26 PM

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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.

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.
*
Hence, the confidence of the summer suites buyer who mostly turn it into resi unit rather office suites
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post Jun 25 2015, 05:43 PM

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QUOTE(LTG @ Jun 3 2015, 10:18 AM)
what it means ?
*
OSK has not complied with the commitment for building public facilities. Aiya small issue la.. All they need to do is to get a 10mil performance guarantee BG from any banks.

This post has been edited by mthc: Jun 25 2015, 05:44 PM
propertybbb
post Jun 25 2015, 10:22 PM

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Sofo not completed yet?
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post Jun 25 2015, 11:55 PM

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QUOTE(propertybbb @ Jun 25 2015, 10:22 PM)
Sofo not completed yet?
*
Not handed over. Should due by end July. So owners 'll claim LAD soon.

This post has been edited by ManutdGiggs: Jun 25 2015, 11:57 PM
kochin
post Jun 26 2015, 08:44 AM

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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?


fightingdragons
post Jun 28 2015, 06:52 AM

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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....
*
BEANCOUNTER
post Jun 28 2015, 02:31 PM

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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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post Aug 11 2015, 09:19 PM

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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
kochin
post Aug 12 2015, 08:27 AM

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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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post Aug 12 2015, 09:06 AM

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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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post Aug 15 2015, 08:45 AM

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QUOTE(kochin @ Aug 11 2015, 06:27 PM)
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.
*
Yeah tcm will continue to struggle... but those shareholders were 'excited' when they acquired TCM... but lower end brand can survive in Damansara??

All this talk is before the mighty Empire City comes mid next yr.. shocking.gif shocking.gif

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? doh.gif
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post Aug 15 2015, 12:44 PM

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How is the occupancy rate and ROI for this Atria Suites??
cedyy
post Aug 15 2015, 12:50 PM

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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
kochin
post Nov 5 2015, 09:22 AM

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osk best developer.
fully absorb gst even though it's office!
MonGJiHyo
post Jan 4 2016, 09:59 PM

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How's Atria Mall doing recently? hmm.gif
HarpArtist
post Jan 5 2016, 04:12 AM

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QUOTE(MonGJiHyo @ Jan 4 2016, 09:59 PM)
How's Atria Mall doing recently? hmm.gif
*
not sure the holiday season but when i went during weekday last month still...quiet. and osk saving cost by shutting part of the parking down: barrier and off lights. not very nice la.
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QUOTE(HarpArtist @ Jan 5 2016, 04:12 AM)
not sure the holiday season but when i went during weekday last month still...quiet. and osk saving cost by shutting part of the parking down: barrier and off lights. not very nice la.
*
then I guess Atria is suffering from poor biz just like putra mall? sweat.gif
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post Jan 5 2016, 12:43 PM

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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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post Jan 5 2016, 01:03 PM

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QUOTE(RTFM69 @ Jan 5 2016, 12:43 PM)
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.
*
That's not entirely true. They are quite flexible rent wise.
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post Jan 5 2016, 01:04 PM

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just suffer from mall overload. spending power of pj overhyped.
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post Jan 5 2016, 01:15 PM

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More upcoming malls in PJ..lol
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post Jan 5 2016, 01:18 PM

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QUOTE(RTFM69 @ Jan 5 2016, 12:43 PM)
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.
*
i think branded tenants prefer to open at EC instead of atria
RTFM69
post Jan 5 2016, 02:54 PM

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QUOTE(ameliorate @ Jan 5 2016, 01:03 PM)
That's not entirely true. They are quite flexible rent wise.
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Then i suppose they have a very bad property leasing team, given such a good location.
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post Jan 6 2016, 02:01 AM

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The offices delayed VP right?
Chris Chew
post Jan 6 2016, 02:19 AM

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QUOTE(kochin @ Jun 3 2015, 10:25 AM)
so what are you implying? that it's "okay" to stay in sovo soxo sofo?

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?  hmm.gif

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.
*
+1

This is what as per my understanding too.

BEANCOUNTER
post Jan 6 2016, 09:22 AM

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QUOTE(Chris Chew @ Jan 6 2016, 02:19 AM)
+1

This is what as per my understanding too.
*
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
MonGJiHyo
post Feb 8 2016, 10:26 AM

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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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post Feb 8 2016, 04:19 PM

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ya nice mall bbut still empty. pj really jam packed with malls. overestimated spending power here
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QUOTE(HarpArtist @ Feb 8 2016, 04:19 PM)
ya nice mall bbut still empty. pj really jam packed with malls. overestimated spending power here
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PJ is a lot emptier than it should be due to emigration
MonGJiHyo
post Feb 9 2016, 10:34 AM

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QUOTE(HarpArtist @ Feb 8 2016, 04:19 PM)
ya nice mall bbut still empty. pj really jam packed with malls. overestimated spending power here
*
yes.. was surprised that I can't even see a fly at a big fashion boutique store at Ground floor.. sweat.gif
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post Feb 9 2016, 10:48 AM

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QUOTE(MonGJiHyo @ Feb 8 2016, 08:34 PM)
yes.. was surprised that I can't even see a fly at a big fashion boutique store at Ground floor..  sweat.gif
*
Which mall more empty now? atrias or damens? tongue.gif atrius night i see some folks FnB but looks like many tenant losing money.. not ez to break even.
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post Feb 9 2016, 12:18 PM

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Jaya, TCM, Strand Mall and now Atria too? Sad case really.

Paradigm Mall is not bad but is not great.
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post Feb 9 2016, 01:56 PM

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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
362436
post Feb 9 2016, 02:39 PM

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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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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?
362436
post Feb 9 2016, 03:36 PM

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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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QUOTE(MonGJiHyo @ Jan 5 2016, 01:18 PM)
i think branded tenants prefer to open at EC instead of atria
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I only go there for Mango man ..

MonGJiHyo
post Feb 9 2016, 11:32 PM

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QUOTE(Babizz @ Feb 9 2016, 10:48 AM)
Which mall more empty now? atrias or damens?  tongue.gif atrius night i see some folks FnB but looks like many tenant losing money.. not ez to break even.
*
I would say both malls are equally empty.. sweat.gif

Picture speaks a thousand word..

This post has been edited by MonGJiHyo: Feb 9 2016, 11:33 PM


Attached thumbnail(s)
Attached Image Attached Image
HarpArtist
post Feb 10 2016, 08:19 AM

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QUOTE(MonGJiHyo @ Feb 9 2016, 11:32 PM)
I would say both malls are equally empty..    sweat.gif

Picture speaks a thousand word..
*
oh my. what time was this doh.gif
SUStmdsad
post Feb 10 2016, 10:38 AM

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I have a unit to let go....pm pls.

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post Feb 10 2016, 12:31 PM

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QUOTE(tmdsad @ Feb 10 2016, 10:38 AM)
I have a unit to let go....pm pls.
*
atria sovo? so fast wanna out, boss? blink.gif
SUStmdsad
post Feb 10 2016, 01:56 PM

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QUOTE(HarpArtist @ Feb 10 2016, 12:31 PM)
atria sovo? so fast wanna out, boss? blink.gif
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Yes. Migrating to NZ.... soon.... tongue.gif
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post Feb 10 2016, 03:01 PM

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QUOTE(MonGJiHyo @ Feb 9 2016, 11:32 PM)
I would say both malls are equally empty..    sweat.gif

Picture speaks a thousand word..
*
Should have just closed for 1 week for cny
MonGJiHyo
post Feb 10 2016, 11:17 PM

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QUOTE(HarpArtist @ Feb 10 2016, 08:19 AM)
oh my. what time was this  doh.gif
*
sat evening, around 5pm doh.gif
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post Feb 10 2016, 11:20 PM

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QUOTE(MonGJiHyo @ Feb 9 2016, 11:32 PM)
I would say both malls are equally empty..    sweat.gif

Picture speaks a thousand word..
*
So sad. I really like atria, did not expect them to do so badly.
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QUOTE(MonGJiHyo @ Feb 10 2016, 11:17 PM)
sat evening, around 5pm  doh.gif
*
thats horrible. laugh.gif icon_question.gif rclxub.gif

capitaland get ready buy another one... sweat.gif
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post Mar 14 2016, 09:20 AM

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the sofo suites is looking handsome.
wonder when would be the VP.
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post Jun 25 2016, 08:24 PM

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Any news on whether there's gonna be a cinema in Atria?
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post Jun 26 2016, 01:32 PM

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QUOTE(wurz @ Jun 25 2016, 08:24 PM)
Any news on whether there's gonna be a cinema in Atria?
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MBO is talking and most likely they will join the mall
MiKE7LIM
post Jun 26 2016, 02:44 PM

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any idea what is the subsales price will be? smallest unit is 500 sf right...
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post Jul 4 2016, 09:02 AM

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mascot_lim
post Jul 4 2016, 09:28 AM

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QUOTE(seanooi880327 @ Jun 26 2016, 01:32 PM)
MBO is talking and most likely they will join the mall
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Is it MBO still with Atria? Hearsay they hv abandoned Atria d. Anyone can confirm?
Leon666
post Jul 8 2016, 01:14 PM

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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.

BEANCOUNTER
post Jul 8 2016, 01:22 PM

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QUOTE(kochin @ Jul 4 2016, 09:02 AM)
Forgive them father for the owners have sinned.
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whoa...nanti some groups will make a big fuss over the crosses...... bruce.gif
BEANCOUNTER
post Jul 8 2016, 01:23 PM

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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.
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.
*
everywhere the same lah......

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
MonGJiHyo
post Jul 8 2016, 01:29 PM

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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.
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.
*
oh my shakehead.gif shakehead.gif

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
MonGJiHyo
post Jul 8 2016, 03:58 PM

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QUOTE(BEANCOUNTER @ Jul 8 2016, 01:23 PM)
everywhere the same lah......

everybody wants to dip into FnB biz....

Malaysians only like papparich oldtown kfc mcd and secret recipe only...and starbucks.
*
yeah.. guess only F&B can survive in most of the malls sad.gif
kochin
post Jul 25 2016, 08:59 AM

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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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post Jul 25 2016, 11:55 AM

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QUOTE(MonGJiHyo @ Jul 8 2016, 01:29 PM)
oh my shakehead.gif  shakehead.gif

seems like F&B also cant survive in this 1 year old mall? else, they wont closed down or downsize their outlet..
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Mango doing strong in here
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post Jul 25 2016, 01:29 PM

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QUOTE(kochin @ Jul 25 2016, 08:59 AM)
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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This is SOFO. Developer only willing to pay half of what stipulated in the commercial SPA?

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.
mingyew
post Jul 25 2016, 02:05 PM

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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
MonGJiHyo
post Jul 25 2016, 02:09 PM

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QUOTE(BigMan123 @ Jul 25 2016, 11:55 AM)
Mango doing strong in here
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glad to hear that.. what about other fashion stores like terranova, next? hmm.gif

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 hmm.gif
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post Jul 25 2016, 02:17 PM

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QUOTE(MonGJiHyo @ Jul 25 2016, 02:09 PM)
glad to hear that.. what about other fashion stores like terranova, next? hmm.gif
quite surprise that kfc is not doing well.. normally fast food resturants would have good biz  hmm.gif
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kfc typical customers not many in this area
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post Jul 25 2016, 04:01 PM

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From my friends in the area, d restaurants suffer on weekdays and weekend is OK. Any other comments on the mall?
jacquelinemak
post Oct 14 2016, 12:04 PM

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anyone know for the smallest studio unit can accomodate how much hp air cond?

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post Oct 14 2016, 10:03 PM

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does anyone knows how's atria mall crowd recently? hmm.gif hmm.gif
BigMan123
post Oct 14 2016, 10:53 PM

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Naughty Nuri seems to be doing good
Leon666
post Oct 16 2016, 11:20 PM

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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.
vibey
post Oct 17 2016, 01:48 AM

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QUOTE(accetera @ Jun 3 2015, 03:24 PM)


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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SOFO SOVO follow HDA yet can go for commercial loans????! like dat also can ...malaysia boleh!
kochin
post Oct 17 2016, 08:38 AM

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QUOTE(vibey @ Oct 17 2016, 01:48 AM)
SOFO SOVO follow HDA yet can go for commercial loans????! like dat also can ...malaysia boleh!
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SOFO SOVO SPA follow HDA is voluntarily.
going for commercial loans is mandatory.

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post Oct 17 2016, 03:18 PM

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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 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.
*
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.
MonGJiHyo
post Oct 17 2016, 04:28 PM

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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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post Oct 18 2016, 06:00 AM

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They will need to compete with Starling pretty soon also
MonGJiHyo
post Oct 30 2016, 09:39 PM

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some comment for this mall:

I went to Atria many times, macam hidup segan mati tidak mahu. Got shop already bungkus
Babizz
post Oct 30 2016, 10:07 PM

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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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post Nov 3 2016, 11:36 PM

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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.

Mall 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...
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Asiajaya and jaya @ section 14 were the 1st mall.....keke

Asiajaya also got ice skating ring leh.....
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post Nov 3 2016, 11:59 PM

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QUOTE(BigMan123 @ Oct 18 2016, 06:00 AM)
They will need to compete with Starling pretty soon also
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Starling coming in well-prepared....
they are supported strong financial,insurance,property,IT company middle-class workers
and already existing top notch commercial area around it.
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post Nov 4 2016, 10:35 AM

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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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post Nov 4 2016, 11:44 AM

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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.
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.
*
this atria...from kimisawa to yaohan to parkson...

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....
MonGJiHyo
post Nov 4 2016, 03:31 PM

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QUOTE(geolee76 @ Nov 3 2016, 11:59 PM)
Starling coming in well-prepared....
they are supported strong financial,insurance,property,IT company middle-class workers
and already existing top notch commercial area around it.
*
when is the opening of Starling Mall? hmm.gif

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.
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.
*
what's the occupancy rate now for atria? heard some shops already bungkus..
MonGJiHyo
post Nov 4 2016, 07:36 PM

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QUOTE(jonathanho @ Nov 4 2016, 04:30 PM)
Look at current market, it will only getting emptier and emptier. Then to save cost, aircons will not be that cool...
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or save electricity such as this mall in KL sweat.gif




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Babizz
post Nov 4 2016, 10:54 PM

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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!!
MonGJiHyo
post Nov 5 2016, 09:58 AM

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QUOTE(jonathanho @ Nov 5 2016, 04:18 AM)
Which mall is this? Hahahaha its really pathetic leh
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formerly known as the mall (yaohan) icon_rolleyes.gif
BigMan123
post Nov 5 2016, 12:18 PM

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QUOTE(MonGJiHyo @ Nov 5 2016, 09:58 AM)
formerly known as the mall (yaohan) icon_rolleyes.gif
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I thought they have a new name for the mall....and it's near that regalia new condo
Babizz
post Nov 5 2016, 12:21 PM

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QUOTE(jonathanho @ Nov 4 2016, 02:19 PM)
Time are bad, all also don't want pay now.
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no leh. ockz developer has MANY bad reviews. can see on fb. will warn future buyers icon_question.gif icon_question.gif
MonGJiHyo
post Nov 6 2016, 10:47 AM

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QUOTE(BigMan123 @ Nov 5 2016, 12:18 PM)
I thought they have a new name for the mall....and it's near that regalia new condo
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yupe.. new name is SPM.. but the mall is kosong almost everyday doh.gif
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post Nov 10 2016, 12:58 PM

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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
MaxKHOO
post Jan 9 2017, 12:30 AM

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Can Atria SOFO units be used as residential?
Babizz
post Apr 14 2017, 08:56 AM

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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.
brother love
post Apr 14 2017, 09:09 AM

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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
acougan
post Aug 2 2017, 11:30 PM

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Mostly airbnb i guess? Seldom see any lights at night
louisalwayshere
post Aug 3 2017, 09:22 AM

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QUOTE(MonGJiHyo @ Nov 6 2016, 10:47 AM)
yupe.. new name is SPM.. but the mall is kosong almost everyday doh.gif
*
rclxms.gif hahaha easy to remember the mall, name like SPM exam!

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post Apr 30 2018, 12:30 AM

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QUOTE(brother love @ Apr 14 2017, 09:09 AM)
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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kekeke.....meresiah dun have CBD living culture yet deswai but developers still try to goreng laugh.gif
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post Jul 22 2020, 10:47 AM

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Lelong unit sold today.
Brand new unit.
Single bidder won unchallenged.

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bennomin
post Sep 12 2023, 02:57 PM

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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.
hanhanhan
post Sep 19 2023, 08:33 AM

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QUOTE(bennomin @ Sep 12 2023, 02:57 PM)
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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its not a residential property.
bennomin
post Sep 19 2023, 12:09 PM

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QUOTE(hanhanhan @ Sep 19 2023, 08:33 AM)
its not a residential property.
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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.
hanhanhan
post Sep 20 2023, 04:24 AM

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QUOTE(bennomin @ Sep 19 2023, 12:09 PM)
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.
*
if you intend to use it for staying, your utilities will be at commercial rate.

generally sofo prices in selangor and PJ dont appreciate that well because there are tons of them.

 

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