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 EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL

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cedyy
post Jun 26 2013, 01:55 PM

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QUOTE(kk1980 @ Jun 26 2013, 01:49 PM)
i checked from internet ranging from 1600-2000
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the asking rental rate doesnt look good. my fully furnished 382sf ritze perdana 1 studio already renting out at RM1.5k. i'm expecting at least rm2k for SOHO1/2.
cybermaster98
post Jun 26 2013, 02:04 PM

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QUOTE(kinx @ Jun 26 2013, 01:36 PM)
only sub-sale available, as i know all sold out.
Are there any actual transacted subsale units? What prices were they sold at? How is the price compared to original purchase price?
kk1980
post Jun 26 2013, 04:08 PM

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QUOTE(cedyy @ Jun 26 2013, 01:55 PM)
the asking rental rate doesnt look good. my fully furnished 382sf ritze perdana 1 studio already renting out at RM1.5k. i'm expecting at least rm2k for SOHO1/2.
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Personally i think about 2k is pretty steep the price. Let's the market say.
kinx
post Jun 26 2013, 04:24 PM

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QUOTE(cybermaster98 @ Jun 26 2013, 02:04 PM)
Are there any actual transacted subsale units? What prices were they sold at? How is the price compared to original purchase price?
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yes. my friend sold his SOHO 1 (700+sqf) unit with 410K.
Minolta
post Jun 26 2013, 05:33 PM

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QUOTE(kk1980 @ Jun 26 2013, 04:08 PM)
Personally i think about 2k is pretty steep the price. Let's the market say.
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I think studio should be able to get 1.2-1.5k/m for 345 & 363sf. The Soho is about 2x bigger so 2k/m should be doable. But caveat is that there will be competition as many units will flood the market, hence some discount in the 1st year or so (or till most units get occupied).


Minolta
post Jun 26 2013, 05:35 PM

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QUOTE(kinx @ Jun 26 2013, 04:24 PM)
yes. my friend sold his SOHO 1 (700+sqf) unit with 410K.
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Which floor & facing? And when sold? Agents now quoting 430k when I ask
cedyy
post Jun 26 2013, 11:38 PM

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QUOTE(Minolta @ Jun 26 2013, 05:33 PM)
I think studio should be able to get 1.2-1.5k/m for 345 & 363sf. The Soho is about 2x bigger so 2k/m should be doable. But caveat is that there will be competition as many units will flood the market, hence some discount in the 1st year or so (or till most units get occupied).
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i think the ED studios rental will be lesser than the nearby studios e.g. Neo, Ritze 1 and 2 due to no facilities and car park not included with unit but then again, there may be those who prefer ED cos it's new

This post has been edited by cedyy: Jun 26 2013, 11:45 PM
kinx
post Jun 27 2013, 08:21 AM

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QUOTE(Minolta @ Jun 26 2013, 05:35 PM)
Which floor & facing? And when sold? Agents now quoting 430k when I ask
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when SOHO 1 VP where back to May i think. he on 20+ floor if not mistaken.


now 430K? which floor SOHO 1 or 2?
Giant
post Jun 27 2013, 10:47 AM

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QUOTE(cedyy @ Jun 26 2013, 11:38 PM)
i think the ED studios rental will be lesser than the nearby studios e.g. Neo, Ritze 1 and 2 due to no facilities and car park not included with unit but then again, there may be those who prefer ED cos it's new
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but advantages of ED can rent to small office, i think property royal firm & accounting firm will definitely love it, just walking distance to LHDN! rclxms.gif
Minolta
post Jun 27 2013, 01:50 PM

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QUOTE(cedyy @ Jun 26 2013, 11:38 PM)
i think the ED studios rental will be lesser than the nearby studios e.g. Neo, Ritze 1 and 2 due to no facilities and car park not included with unit but then again, there may be those who prefer ED cos it's new
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Maybe. Conservatively compare to R1 instead of R2. R1 same size 1.5k ff doable. Say discount 150 for cost of renting car park, and another discount 50 for lacking facilities, 1.3k should be doable. Discount another 100 for short term competition, then 1.2k. Attraction is "newness" factor, high floors with view potential, "relatively better loaction" for those that prefers this part of DP. I guess 1.2k should be fair minimum. Of course there will be those that will rent lower, those that will be higher. If priced too low, then risk of attracting "unsavoury" tenants.

Question is if 1.2k, (LETS ALL IMAGINE IF we're one of them), will existing tenants think of moving from older studios to ED studios? Will it then cause owners of eg R1 to lower rentals to keep tenants? Will this then lead to ED owners asking for even lower rentals?

Bottom line is that there is alot of units released into the market in the short term of coming 6 months at DP. Neo also coming. True market rates will be known within this period. Prolly take 1-2 years for full potential to be unlocked.
Minolta
post Jun 27 2013, 01:55 PM

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QUOTE(kinx @ Jun 27 2013, 08:21 AM)
when SOHO 1 VP where back to May i think.  he on 20+ floor if not mistaken.
now 430K?  which floor SOHO 1 or 2?
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8th & 11th floor. THis is "asking" price for a caller expressing interest to buy ya.....u knowlah agents. If you call and tell them you're an owner thinking of selling, I'm sure they'll tell you that market price is xxx

But at 410 for high floor, I think is a "relatively" good price for buyer. 5xx/sf.
izwanz
post Jun 28 2013, 10:28 AM

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Hi. Interested in acquiring a unit in Damansara Perdana for own stay. Any agents around here can propose to me? Thanks.
SWIFT88
post Jun 28 2013, 11:32 PM

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Hi, I am looking for a unit at Empire Damansara, pls PM me if you have any unit. thx!
prophaz
post Jun 29 2013, 06:39 PM

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Im interested to view soho 1 and 2. if any owners planning to sell and willing to show me their units, please pm ur best price
kuroyume
post Jun 30 2013, 04:00 PM

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Interested to get a unit in soho 2 . Genuine buyer . Offer me with real real good price and I will confirm on same day
kinx
post Jun 30 2013, 09:41 PM

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wowo... is this serious? so many potential buyer? for office or own stay?
shady29
post Jun 30 2013, 10:43 PM

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interested for a 500 - 700+ sqft unit at empire damansara...pls pm me thanks.

This post has been edited by shady29: Jun 30 2013, 10:44 PM
accetera
post Jun 30 2013, 11:50 PM

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EMPIRE CITY DAMANSARA (2011-2016)

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COMPONENTS TO BE DELIVERED IN 2015/2016:

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1. A thematic shopping mall consisting of Furniture Mall + Fashion Mall + IT Mall + Art & Culture Mall

2. Premium Ginza Boulevard Street consists of 3/5/7 storey of retail shop-offices where all the happenings, F&B, night-life clubbing, chill-out places under one roof

3. 4 towers of mid/low rise office blocks

4. Signature corporate office tower - believed to be Mammoth Empire's new HQ

5. Iconic corporate office tower - sold to HCK Capital as HCK TOWER

6. Studio tower - HALO TOWER

7. Studio tower - SUNDAY TOWER

8. Loft tower - MY LOFT SOHO OFFICE SUITES (fully sold)

9. SoHo tower - COLONIAL SOHO OFFICE SUITES (fully sold)

10. SoHo tower - S.O.H.O. OFFICE SUITES (fully sold)

11. Hotel/mixed tower - J.W.MARRIOTT HOTEL PETALING JAYA AND SERVICED OFFICE SUITES (S.O.S)

12. Boutique hotel - believed to be THE WOLO EMPIRE CITY

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HCK Tower @ Empire City


Construction Progress (June 2013)

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by nick tan ptlm

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by azey skyscrapercity malaysia





PROPOSALS FOR EMPIRE CITY II DAMANSARA (2014-2019)

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by w3raq skyscrapercity malaysia

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by ydnerendy

This post has been edited by accetera: Jul 1 2013, 12:00 AM
SpeechLess11
post Jul 1 2013, 12:00 AM

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overall project look impressive!!!
accetera
post Jul 1 2013, 12:14 AM

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THE EMPIRE MALL

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