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Investment BUKIT JALIL CITY | AURORA PLACE | REV.O, Another megaproject starting very soon

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dinko
post Oct 1 2013, 03:28 AM

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This project is priced at RM 700 per sqf. Compare to other Soho like Empire Damansara, the price is on the high side. Empire Damansara is priced around Rm 550 per sqf with fully furnished.

Besides that, if this is SOVO, very likely is pure commercial and not for residential. With the office tower proposed next to it, will it attract tenant with good rental yield?

I am new to SOVO and SOHO. Opinions needed from the gurus here.






dinko
post Oct 1 2013, 10:30 AM

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QUOTE(UFO-ET @ Oct 1 2013, 10:14 AM)
I am not vested in any of the above projects

Location : I think Bkt Jalil is better, and better accessibility
Land tenure : Freehold (BJ), Leasehold (ED)
Package : ED (furnished with allocated car park) better
Supply issue (office) : ED and it's vicinity is easily 500% more than BJ and it's vicinity (OUG, Happy Garden, Sri Petaling)
Price : ED 2010 vs BJ 2013 (not a fair comparison), I believe due to over supply issue, ED office suite will not increase much, or could hv dropped back to 2010 price level, nevertheless, those <500sf unit are priced around 650-700 now.
Timeline : You can buy ED subsale now, yr mthly installment starts immediately, how much rental can you get? I am not confident with the huge supply of office lots by Empire Mammoth (for Empire Damansara and city) and the existing office buildings in Damansara Perdana and Mutiara Damansara, wat is the ROI possibility?
Aurora SOVO has at least 40 mths to play around, shd be safe sailing through thunder storm in 2014-2015 (my prediction again, might be wrong)

No one has crystal ball, I wouldn't say HH SOVO will hv good response after VP, instead of putting the money in residential highrise in BJ, I will opt for this one.

smile.gif
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Thanks for your opinions. It seems like there will be over supply of offices in Klang Valley. I just wonder how well Aurora can compete in this sector especially it is a SOVO and not the typical office building. Dont get me wrong, I am very interested in this project but I am trying to make sense that this will be a good investment.
dinko
post Oct 1 2013, 12:01 PM

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QUOTE(Cocoon @ Oct 1 2013, 11:54 AM)
U presented a very strong point
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Frankly, I agree with you that Pav2 will be a new landmark once ready.

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