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EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL
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chinaapek
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 Jun 29 2015, 09:03 AM
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New Member
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Looks like another Empire Damansara in the making or WORSE.
with the early VP with no CCC and all the charges, investors are going to burned badly. From the letter is around RM6K now
At least 6 months (very lucky) vacant with no tenant, burning cash every month? Or worse I heard a year with no tenant.
I heard 2 big sharks who bought in bulk is going to flood the market with cheap units. They got it very cheap as compared to retailer.
Good luck guys! Who can hold it for a year or 2 min will be the winner.
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chinaapek
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Jun 29 2015, 11:56 AM
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New Member
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Yeap I am waiting for bargain hunting. Some ppl are thinking to flip and earn 20-30% return.  They are too naive. Looking at the market now, I am sure to see a few lelong units in the market. Waiting to grab it cheap cheap. QUOTE(mthc @ Jun 29 2015, 10:52 AM) My SA told me can nego for 20% disc off 380k for Halo Sunday if pay in cash. Tempted. What say u? |
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chinaapek
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Jun 29 2015, 12:57 PM
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New Member
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Sure thing. I have started to let my usual agents know that I am keen on any firesale units. Anything below 15% from original price. QUOTE(mthc @ Jun 29 2015, 12:07 PM) Maybe they have earned 30% gain in paper but after deducting their etc cost and interest, they have got nth left. The flippers market is dead. It's a market for opportunitst now.  Do u mind updating here if you happen to know any fire dropouts? Cheers bro. |
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chinaapek
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Jun 29 2015, 02:38 PM
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New Member
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So many ppl off loading so soon? Panic sale coming soon?
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chinaapek
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Jun 29 2015, 06:57 PM
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New Member
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Asking price is one thing, actual transacted price is another thing.
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chinaapek
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Jul 1 2015, 04:48 PM
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New Member
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Panic seller detected in the forum.
Received 2 offers to sell, quoted me RM340k high floor.
I am going to wait another 1 month when there is no tenant and the mall is not ready. let them bleed.
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chinaapek
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Jul 28 2015, 07:08 PM
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New Member
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Just came back from Empire City. I have no idea how did they managed to VP the building.
Saw 1 unit, a low floor unit. 1 word: Horrible. They units are in bad shape. Alot of touch up need to be done.
Also, the lobby. OMG. Is like entering a construction site. I would say is 70% done. How on earth are u going to rent out the place? who would want to rent a place in a middle of a construction site?
Good luck existing buyers. I am still holding to my believe. There will be a sales for Empire City.
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chinaapek
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Feb 17 2016, 09:11 AM
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New Member
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I went there personally last sunday and HOLY SHIT. Is like a construction area and they VPed the unit to the owner. Base on naked eye, is about 80% completion and they VPed.
Good luck to the owners. They are paying maintenance and installment every month without able to rent out. burning cash every month. No CCC yet.
Avoid this project until the mall is up.
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