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

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cutealex
post Sep 19 2010, 05:42 PM

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QUOTE(sheakhu @ Sep 19 2010, 04:28 PM)
Ya me too, I will be interested also
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Please count me in. PM me,,i always do open lowyat .net... will revert to u.. i hope you all can bulk purchase and count me in.,
cutealex
post Sep 19 2010, 06:28 PM

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QUOTE(tensai71 @ Sep 19 2010, 06:26 PM)
This Empire City looks like a Super Buy.....I'm interested in Bulk Purchase!
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I want i want too...! please contact me / PM me,

This post has been edited by cutealex: Sep 19 2010, 06:35 PM
cutealex
post Sep 19 2010, 06:44 PM

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QUOTE(accetera @ Sep 19 2010, 06:41 PM)
i think dis project shud giv chance to young worker and first time home buyer like me. btw our forum here gotta alot of young ppl mah.

wit dat kinda "affordable" price will be sad if de place filled up wit de Buy Buy Buy investors again..... my 2 cents....
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i agreed. i also young ppl... but in faxt, most of the worth development will all sapu by internally, followers, before lanuch to public... aihsss...
cutealex
post Sep 20 2010, 01:09 PM

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QUOTE(Pai @ Sep 20 2010, 12:27 PM)
Arsenal, think that Oct or Nov launch is not even the official launch. Was told that the Oct/Nov launch is for the previous ES & ED buyers. My contact told me he can get units as early as this Sat.........but that may come with a precondition. Dont ask me what it is as I dont have details now but made to understand he's doing this project's FREE preview this Sat.......guess the cat will be out of the bag then. Will check it out and keep you guys informed.

If there's still units left by then..............the perhaps we'll see the REAL official launch Dec or Jan 2011. Nowadays all good properties all kena sapu before the official launch ............ heard even crappy projects like MSuites got ppl paid undertable of 20k to secure the small units.....  mad.gif
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Same here, please do PM or contact me. i've PM to you my contact and budget. Thanks
cutealex
post Sep 21 2010, 10:09 PM

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faster ! i want to gain latest NEWS.
cutealex
post Sep 25 2010, 09:50 AM

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Is this area ... supply > demand jor ?
cutealex
post Sep 25 2010, 10:34 AM

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ha??? so poor management ? swimming pool got no water somemore....
cutealex
post Sep 27 2010, 10:59 AM

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pls ... stop talking abt flora damansara and let zoom into this new exciting project.. Empire City @ Damansara ... any update ?

This post has been edited by cutealex: Sep 27 2010, 11:00 AM
cutealex
post Oct 3 2010, 09:01 PM

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QUOTE(jasonhor @ Oct 3 2010, 05:46 PM)
commercial title need 20% down payment??
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i dont thk so .. 10% will do
cutealex
post Oct 4 2010, 11:01 PM

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20% due to commercial title?

This post has been edited by cutealex: Oct 4 2010, 11:21 PM
cutealex
post Oct 5 2010, 09:38 AM

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QUOTE(ahsia80 @ Oct 3 2010, 11:33 PM)
hmm, how many years to complete the building (starts paying back bank loan) after the 10% downpayment?
I'm very interested as well for the bulk as well! lolz...
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not 10% downapayment.. but it was 20% dp.. vmad.gif
cutealex
post Oct 6 2010, 09:33 PM

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Yeah.. i have been follow up with this closely.. mostly every hour but very dissapointed...developers keep raise up the price !!!
cutealex
post Oct 7 2010, 01:01 AM

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this one i dunno lah ....the topic is HOT now.
cutealex
post Apr 26 2011, 08:57 AM

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QUOTE(bling3 @ Apr 26 2011, 12:44 AM)
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 smile.gif

what do u guys think?
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actually all your concern above has been discuss since last year before the property launching...
cutealex
post Apr 26 2011, 10:30 PM

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QUOTE(bling3 @ Apr 26 2011, 12:35 PM)
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 biggrin.gif
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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.... icon_rolleyes.gif

This post has been edited by cutealex: Apr 26 2011, 10:35 PM
cutealex
post Jan 6 2016, 02:03 PM

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Better than ER...

I think Empire took ER project funds to helping EC previously....

ER progress only about 20% but they have claimed till 70%....
cutealex
post Jan 6 2016, 02:52 PM

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QUOTE(natman @ Jan 6 2016, 02:40 PM)
Yeah i think they over claimed i called to banker and screw them upside down. developer claim you just give but never look what they build ?
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nothing can be done as not protected under HDA..... sweat.gif

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