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Investment GLOMAC RESIDENSI DAMANSARA [OWNERS' THREAD], Offices, Apartments, Retail @ TTDI

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jwrx
post Mar 1 2011, 12:59 PM

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QUOTE(steason @ Mar 1 2011, 11:58 AM)
4.3km to lrt station(ampang line extension)
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dunno why ppl so worried about the cemetery, in 3 years, my house has more then doubled in damansara Kim, thks to ppl who worry about cemetry lar..school lar...hospital lar, i managed to buy the prop so undervalued compared to TTDI/DJ/DU etc

Was initially very interested in Glomac residences, but since all the small units gone, i rather get another landed in DK compared to condo
surf-it
post Mar 1 2011, 01:59 PM

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QUOTE(jwrx @ Mar 1 2011, 12:59 PM)
dunno why ppl so worried about the cemetery, in 3 years, my house has more then doubled in damansara Kim, thks to ppl who worry about cemetry lar..school lar...hospital lar, i managed to buy the prop so undervalued compared to TTDI/DJ/DU etc

Was initially very interested in Glomac residences, but since all the small units gone, i rather get another landed in DK compared to condo
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Damansara Kim is still lower priced than DU lar.. and TTDI is langsung different league now.

just 0.02cent from my humble experience...
josze
post Mar 2 2011, 10:01 AM

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how is this project compared to the Icon City by MS? Looks almost like on the same league.
yoki
post Mar 2 2011, 10:08 AM

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in terms concepts, freshness, i think icon city got the upper hand
Lcsx
post Mar 2 2011, 10:35 AM

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Each has its points

GD - Freehold, IC - Leasehold
IC - very very "iconic" tongue.gif looking
IC - flanked by two major highways. Good for commercial, kinda noisy for residential.
GD - Near MRT station locations
GD - in an area of Mid-high end community, IC - mixed
Both has excellent accessibility
Both are reputable developers
GD doesn't come cheap but IC is even more expensive
fooj
post Mar 12 2011, 08:54 PM

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Block B has just soft-launched !!!
RyanTham
post Mar 12 2011, 09:07 PM

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how is the price for block B ah?
cutealex
post Mar 12 2011, 09:36 PM

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ermm....interested here also...
fooj
post Mar 13 2011, 12:35 AM

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QUOTE(RyanTham @ Mar 12 2011, 09:07 PM)
how is the price for block B ah?
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It's 876 sq fts onwards , starting from 582k onwards. RM650 / sq ft onwards. Plenty of sizes. Soft launch starts since 12th March.
GlobalKL
post Mar 13 2011, 08:39 AM

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QUOTE(fooj @ Mar 13 2011, 12:35 AM)
It's 876 sq fts onwards , starting from 582k onwards. RM650 / sq ft onwards. Plenty of sizes. Soft launch starts since 12th March.
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wow..so expensive...better skip this.
cutealex
post Mar 13 2011, 09:17 AM

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Wahh... so expensive
fooj
post Mar 13 2011, 09:51 AM

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It's Glomac and right in Damansara town. And it's freehold. Please don't think it'll be below 550 /sq ft...
jet2020
post Mar 13 2011, 10:00 AM

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$650psf is the price for Tropics studio and rental only around $3psf.

From investment standpoint, i dun think this GD Block B is investable.

This post has been edited by jet2020: Mar 13 2011, 10:00 AM
Lic38
post Mar 13 2011, 10:14 AM

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it's quite expensive but the other strong going points is that,

There are 5 high end office towers and 1 hospital within very short walking distance from there for rental purposes.

There are two proposed MRT stations (Taman Tun (disputed) and Section 17) located walking distance of 500m away from there.

Very good accessibility, much better than the Tropics. You get to KL direction and can skip the LDP part. Easy access to Taman Tun and PJ or the various Damansara.


I guess it caters to these deep pocket guys who wants all the conveniences, lifestyle and a high end development tongue.gif

fooj
post Mar 13 2011, 10:19 AM

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Lic38 , u're right smile.gif
Lic38
post Mar 13 2011, 10:20 AM

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Ah yeah just in case you don't see the 5 office towers.. they are all under construction tongue.gif
jet2020
post Mar 13 2011, 10:24 AM

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This MRT will never make it in 5yrs. 10yrs is more possible. Hence invest in GD and hoping for something to materialise in next 10yrs is very high risk.

I will only invest when the MRT is completed or going to complete.....even the returns could be lower but the risk also much lower.
TSaccetera
post Mar 13 2011, 10:32 AM

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Glomac might be planning a third residential block for serviced apartments/SOHO (a revision to their masterplan) pending the response from GD Residences.

The other components will remain commercial. It will also moved its HQ to there in the future.

This post has been edited by accetera: Mar 13 2011, 10:33 AM
fooj
post Mar 13 2011, 12:09 PM

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Yes , I just came back from Plaza Glomac smile.gif Just booked one unit there smile.gif
Lic38
post Mar 13 2011, 01:54 PM

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QUOTE(jet2020 @ Mar 13 2011, 10:24 AM)
This MRT will never make it in 5yrs. 10yrs is more possible. Hence invest in GD and hoping for something to materialise in next 10yrs is very high risk.

I will only invest when the MRT is completed or going to complete.....even the returns could be lower but the risk also much lower.
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Actually the MRT is just a bonus if it happens. I don't think you are buying and hoping that the MRT wil take place.

People who are really speculating on the MRT and LRTs are those buying in very secluded locations at high prices without accessibility and without much other selling points. Locations that will fail if the MRT and LRTs doesn't take off. ie. K-residence, Z-residence, Pacific Place etc. Those projects have really factored in the MRT and LRT to the price but little on other factors.



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