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

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Lcsx
post Feb 14 2011, 04:46 PM

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According to the recent MRT plans published. It is walking distance to two MRT stations. Both around 500m away.
Lcsx
post Feb 21 2011, 02:55 PM

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It's in Kelana Jaya, their HQ/office. You could call them for directions 03 78019000
Lcsx
post Feb 26 2011, 06:33 PM

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Actually. He just wants to make quick profits from his early bird discount before he pays for loan agreements and various fees. It's good net profits if he sold that way tongue.gif
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
Lcsx
post Jun 29 2011, 09:21 AM

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QUOTE(accetera @ Jun 29 2011, 12:18 AM)
still got units meh?
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Yeah,

The very large units and the not so attractive units.
Lcsx
post Dec 19 2011, 11:19 AM

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QUOTE(jepakazoid_82 @ Dec 19 2011, 10:17 AM)
Glomac Damansara Competition - The greens by Bellworth on the other side

[attachmentid=2593232]
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Thats actually very good for Glomac Damansara. They are pricing Bellworth 25% more expensive and furthermore with larger builts.

And on top of that Glomac is a reputable developer while Bellworth still remains mostly unproven.

I think most buyers/owners would be happy to know that.



Lcsx
post Apr 3 2012, 11:14 AM

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QUOTE(hydrogenx @ Apr 2 2012, 10:12 PM)
whats the story for this now?
updates? all blocks fully sold?
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All sold except some bumi quota units. Been like this for quite some time back.


Added on April 3, 2012, 11:35 am
QUOTE(Lcsx @ Apr 3 2012, 11:14 AM)
All sold except some bumi quota units. Been like this for quite some time back.
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But I'll add if you are really keen. A developer will gradually release bumi quota units to non-bumi based on progress development of the building.



This post has been edited by Lcsx: Apr 3 2012, 11:35 AM
Lcsx
post Jun 19 2012, 08:54 PM

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The Glomac office will be shifted over the next few weeks to phase 1.


Lcsx
post Jun 19 2012, 09:31 PM

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Those are not meant to be their office, it will be tenanted by other people. It just bears their logo and for prestige.


Lcsx
post Jun 20 2012, 11:25 AM

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QUOTE(Joe wong @ Jun 19 2012, 09:48 PM)
wow...you know it so well....insider??
are you working with glomac?
but the way....i'm one of the contractor for the fasa B (service apartment) smile.gif
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Hehe no, but I know them and some other industry players well.
Lcsx
post Jul 2 2012, 01:18 PM

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You can see the Glomac Tower very well lighted up at night now. Looks nice for the Damansara Skyline. Maybe someone should take a pic.



This post has been edited by Lcsx: Jul 2 2012, 01:20 PM
Lcsx
post Nov 25 2012, 06:46 PM

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RM600psf and RM650psf respectively before discount on initial launch. Respectively priced higher after that.
Lcsx
post Nov 25 2012, 07:42 PM

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QUOTE(jeghui @ Nov 25 2012, 07:12 PM)
lol. what about surian residence? 500psf only. sigh... i was younger...
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RM600psf before discount actually
Lcsx
post Nov 27 2012, 09:11 AM

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QUOTE(LSSY @ Nov 27 2012, 08:57 AM)
Correct, measured in wikipedia maps is around this distance but I wonder how walking path would be because surrounding is gated and infront is main road. Still not clear about it... Perhaps query should direct to developer as they claim MRT is 500m walking distance away but no concrete route provided.


Added on November 27, 2012, 9:00 am

I agree!!! now is 4-digit era...  mad.gif
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Actually you won't have to cross the main road. The MRT is planned to be accessible from both sides of the road.

And there will definitely be walkways leading to the path. It is a requirement for developers to have a certain amount of setback distance of their buildings.
Lcsx
post Nov 28 2012, 07:06 AM

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Immediate rental market - TA Securities staff, Glomac HQ tenants, Tabung Haji 25 storey building, Oval tenants, Menara LGB tenants (The Greens), Lifestyle renters - ps. The MRT goes direct to 1 Utama, Curve, Damansara, KL, has a Mall within the development and Tropicana Mall is walking distance. The offices potential renters will be more senior execs and above of course. And potential for expat rental is there. Especially since along the MRT line will have several other Grade A offices while Glomac Damansara is one of the few walking distance higher end developments along this part of the line. However there are less expats here today but they are still around.

This post has been edited by Lcsx: Nov 28 2012, 07:09 AM
Lcsx
post Nov 28 2012, 10:03 AM

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QUOTE(LSSY @ Nov 28 2012, 09:10 AM)
These will be potential tenans group but I am quite negative with expats will choose GD as Damansara as time proven it was not a preferred choice rather than Bangsar & MK. But everything can change, hopefully with MRT facilities and the retails shop/mall can be done as Publika, SOHO KL etc. why not... While MRT and mature amennities are there, I think future develoment of GD retail shops and mall play an important factor.

About rental rate, Bangsar n MK are now by average rented at 3.3psf n 3.2psf. Assuming 3.0psf GD Residence, taking 1000sf for example, it would cost rental @ 3000 per month.  Executives from Glomac HQ, Tabung Haji, TA Securities, Menara LGB may think it is pricey, personally I think, unless being subsidised by company for management level.
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The expat market for Glomac Damansara would be the niche one that doesn't intend to get a car in Malaysia or is normally chauffeur driven (which may exclude weekends). There are probably only a few condos targeting this segment within this part of the line.

Ah as for the latter, I specifically mentioned more "senior" execs. Haha. For sure normal execs will find it tough and won't go for it. Unless they plan to rent separate rooms with the big+ of being next to the MRT line.




Lcsx
post Jan 15 2013, 10:53 AM

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So far, the construction of the 1st line is very fast. Quite ahead of schedule.


Lcsx
post Jan 22 2013, 09:06 AM

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QUOTE(hydrogenx @ Jan 21 2013, 11:15 PM)
still got units for sale? somemore 10 units ka.
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Big units. Non-bumi quota was sold out a long time ago. But they are gradually releasing the bumi quota to non-bumi so it has gradually been taken up.



Lcsx
post Jan 22 2013, 01:58 PM

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QUOTE(LSSY @ Jan 22 2013, 01:48 PM)
Wonder... past few months when I wsa there, if not mistaken just left 2-3 units. Unless the sticker board lies...  hmm.gif
Could you share the thought why you purchase?  wink.gif
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Whenever I went there over the past year there were about 40 bigger units left. I think you might have been mistaken or might have been looking at the reflection residences board. But even the reflection probably has more than that.

This post has been edited by Lcsx: Jan 22 2013, 02:00 PM
Lcsx
post Feb 7 2013, 11:59 AM

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I think prices for both sides will be comparable for similar sized units. One side you have a mall with everything u need, hypermart, movies.

The other you have many high end offices surrounding, unproven mall, a row of shops and 200 to 300m to MRT station. And a bit more high end.

So yeah I think they will weigh similarly.



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