Rafflesia development is a beauty... It is like a gem hidden in between the mountains... Lucky to be able to get permission to enter... Tight security (3 tier)

sure thing ^^

so is the empire damansara still good to buy or not??

hi all

im also very interested in this unit

may i know the price for it? anyone know where is their sales office? or maybe their agent number?

Thanks a lot

u know empire subang ? u can go there and ask or http://www.empirecity2u.com ...now is selling office suite .., but duno how many psf d...

thanks bro

hows the sales so far

hi guys I just went to the empire sales office last week, apparently all the SoHo units sold out but heard from insider prob left back last 2 units SoHo 940sqft ard 460 - 480k.

seems 95%+ buyers r Chinese most of which buying for investment it seems like everyone so sure price will appreciate in 4yrs time n then sell off by then.

this palace in total will hv 11000 car parks, can u imagine how jam the entire area will b like?? I know it seems like this place is sure-win confirm make money will appreciate by then but I wonder whether anyone got think that with so many SoHo units by then, who is going to even rent those units??

if everyone is thinking the same looking to sell at higher price but really got SO many businesses want to rent there meh?

imho there might be a chance that there'll b super glut of SoHo units by then inclusive of all d offices in empire dsara, it'll b like Solaris dutamas now all the owners are slowly bleeding to death paying the monthly installments with no one to rent to, I dun know its just my humble opinion

what do u guys think?

i think you might be right!

actually all your concern above has been discuss since last year before the property launching...

anyone know if their empire residence still has any unit available? sent mail but receive no reply yet

maybe i will call them later

oops didn't realize that, so many threads how to know le

anyway bro, i know you are quite the sifu here, since empire city oredi old news, what do u think is your top 3 picks for investment properties now r (not for own stay but to make money)?

it just seems that even if want to purchase anything now, even from subsale, most of it is already at a super premium, how to even cover installment and make money from it le haih

or u prefer to just wait it out for few more months for the 10% drop?

why is there a 10% drop?
care to share?

im quite new in this property business

sory actually i shd've rephrased my sentence properly.

actually i shd've said for at least a year or so n hope for prices to drop by then.. it's really hard to know whether it will even drop at all or it'll just keep on going up all the way (somehow i still think that there's a higher chance that prices might keep going up and stay stagnant or at most drop 5 - 10% by end of 2012) cos the REAL effects of all the mammoth supplies of condo and office lots will only be seen by then when all the units are ready and ppl are required to start paying the installments. It's SERIOUS oversupply now man, u look everywhere it's filled with condos n offices!

Lots of investors who bought since 2008 hoping to sell or rent to buyers, when they realize then that almost evryone is thinking of the same thing, and then they have to fork out monthly installments on money that they don't have, (i am still pretty sure the average malaysian don't have so much cash to afford such high prices), that is when ppl will start slowly letting go.. 1 property shd be no problem for them to tahan, but on the 2nd and 3rd, i really doubt so..

i feel they will die die also hold on to their properties cos they duwan to feel stupid and make a loss on all the money they paid, but the fact is that is if it keeps eating 2-4k each month from the income that they are already are up to their necks with the inflation that we have today, it would happen but i know they will keep on holding until the very last minute..

of cos the super rich, they won't have the problem but im talking about the average malaysia who prob earns anywhere between 6 - 9k these days.. u think they can afford to pay meh? ( i used to be a headhunter before, so i know the average even considered "high-roller", average MEDIAN employee income is probably at between 12-15k, and usually they are VERY highly geared with monthly commitments, it's normal whether it be for chinese, malay, indian, etc).

the argument is that a number of properties now are being bought by foreigners to invest here, so they actually do have the money to tahan, so again it's really subjective, that's why it'll be interesting if the sifus here can also share their view on this too

i heard got new launch 300 sq feet from 280k.
empire damansara was like 1 1/2 years ago.

Hi...
actually all these investor have stronger bullet than wat you think, some of them are bulk purchaser, i believe majority of them have went to so called Guru's preview before this purcase and the guru have give some advice on this property investment instead... there's are about 3 marketing agency been appointed to this project... one of them is Reapfield.

and i do not agreed with you that the property value will drop 5-10%...on this location and most of the worse senario... the property will remain & stegnant at the same price but will NOT Drop (dont say these ghost house/ b.antarabangsa)... Generally the price of property will not drop... Good example is...if you surrounding Mont Kiara/ KLCC area at night, please check out the nearby vacant unit VS occupied units.... do you think the price is dropped for this area?

Most of the smart investors are work on the + cash flow, take your example as above, maybe some of them earn rm5-9k... but they are able to loan & hold 3 properties by, provided 1st aprtment - installment could be rm800, but they rent out rm1.1k...2nd property installment rm1k- but they rent out rm2k and etc... so they will have +cash flow to sustain... and i believe all the purchasers confirm will consider their ability before they decided to go for the risk....for these rm2-4k as you mention above that might bleeded will most probably loan rejected by the Banks before they able to purchase and hold the units...

actually all depend how successful is the street mall or shopping work and the way they promote the big tenant to come in this empire city...if no potential tenants come in then will become Supply > demand...if i can recall,,, this SOHO not come with any car parks..

if you ask me, is LATE but not too late for u to step in now, if you have $, better buy Ritez Perdana I/II....

This post has been edited by cutealex: Apr 26 2011, 10:35 PM

Yes agree ...so, cutealex ...
How many unit you invest in EC ?
now office suite price is from RM800 psf ...so means studio unit buyer(RM500 psf) sudah earn ????

wah bro, ritze perdana, sure bo?? for rent r?

care to share why u think so?

---

Added on April 27, 2011, 8:58 amalthough i do agree that all the property guru seminar here is in fact playing a part in "fuelling" ppl to wise up and invest in properties

yup the only thing with empire is they don't allocate a "permanent" parking space for you, which means that everyday u have to fight for lengchai parking aiyo can u imagine how ANNOYING that is??

This post has been edited by bling3: Apr 27 2011, 08:58 AM

Anyone heard of hotel suites?

thanks for sharing

may i know why Ritez Perdana I/II is better than Empire? need to hear from pro