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Investment EVE SUITE @ ARA DAMANSARA [OWNERS' THREAD], New York Soho Concept + LRT Integration

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sks
post Dec 13 2010, 10:55 AM

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QUOTE(rakyat @ Dec 13 2010, 09:36 AM)
FH vs. LH has minimal impact on cashflow play. Only a factor for flippers;

IMO PP is a safer bet (lower entry price, more established infra) but will offer conservative yield due to target market and density.

Eve is higher risk but targeted at a more resilient market, it oso need several 'question marks' (access road, revival of NXZ) to pend out just right to make it.  

IMO expats always flock together to established township with infra within walking distants (DPC, MK & Tmn. Kosas) I still think Eve's target audience are better served by Amaya Saujana & Peremba's condos.
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FH will always provide and investment edge as compared to LH,of course on a apple to apple comparison.. certain investors have favourable biasness on FH ,thus it does command some strong investment values.

Whichever that is considered safer bet will depend on the overall development of a project as it goes along.

PP with higher density and being an integrated development has its risk on uncertainty of the exitence of the college and shopping mall,and also depending on the management of such big project. However with the LRT station nearby,it should serve to reduce that risk.

Eve is a standalone project with 30 units of shop office is considered a far more smaller scale project compared to PP.As for the access road,seriously speaking,i dun see any problem driving out from that site towards the tropicana link or head out to the subang highway thru ara dsara road.if the traffic is the problem,i think it will affect the whole ara damansara,then what's the issue.Besides,there is a LRT station.

As a whole, ara damansara is considered a small township.it's accessible within a short distance within the township. The traffic is not caused by just the residence in Ara but also from surrounding densed neighbours .Basically speaking,if Ara was to succeed,it has to turn out to be a commercial township and not a residential township based on the size and location. That is my understanding as the township will be filled with more offices in the future according to the current developer's plam...ie sime darby and dana to start of with...

Highly paid individuals are not necessary expat,local will make up to it and actually provide a more stable rental flow and perhaps more than willing to buy subsale then.Besides,the size of apartment on saujana side is considered bigger in terms of size and higher in terms of investment and rental level.it will be targeting different segments of expat if there is a comparison. cool2.gif


Added on December 13, 2010, 2:25 pmtropicana link to be opened soon...

meeting was held in MBPJ HQ yesterday to brief residents on the 17 proposals from the macro traffic study conducted by MAG Technical & Development Consultants Sdn Bhd. Three Resident Associations were invited for this meeting. Ara Damansara was represented by Datuk Aziz, President of Laman Ara RA, Tropicana by Encik Shukri and Damansara Idaman by Encik Wan Annuar. MBPJ’s Deputy Mayor, Encik Tuan Puasa Bin Md Taib chaired the meeting.

Mr Goh Bok Yen, the traffic consultant briefed us on the history of the traffic study and how the team comprising of working committee, steering committee and advisory committee arrived at the recommendations. A total of 32 Residents Associations were also contacted to solicit residents’ inputs.

Each of the 17 proposals was discussed in detail.

On the proposal for a road linking Ara Damansara to Tropicana (the famous Tropicana Link), Deputy Mayor shared with us that the land has been surrendered to the State in 2003. According to Encik Tuan Puasa, referring to Act 163 Sec 5D, MBPJ is empowered to complete the road and he said MBPJ will start the paperwork immediately to get the State Government to endorse this decision. A tender exercise will soon be called and work to commence shortly. It is expected the road will be ready by end February.

In a subsequent discussion on the Jalan Tanjung issue, as the State Government has won the judicial review of the land in dispute, the land which will cost RM2.5M will be acquired soon and the road will be widened to 3 lanes (2 out, 1 in). The construction costs is expected to cost RM4M+ and will be shared by 6 property developers in the area.

Encik Shukri asked that the Tropicana Link and Jalan Tanjung issues be combined and the opening of the two to be timed together. Encik Wan Annuar asked for a right turn at the T-junction of Jalan PJU 1A/1 with Persiaran Tropicana which was earlier opposed by Tropicana RA. MBPJ has no objection of having a right turn and there was agreement to have it on a trial basis.

This post has been edited by sks: Dec 13 2010, 02:25 PM
TSaccetera
post Dec 15 2010, 01:10 PM

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Proposed TESCO + Shopping Mall @ Ara Damansara

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This post has been edited by accetera: Dec 15 2010, 01:11 PM
yewkhuay
post Jan 2 2011, 04:23 PM

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any update?
just came back from the show unit, the only selling i can see is the parking lots given ( 3 for 1065sf unit and 2 for studio 680sf unit).

not sure if the tiny road there can handle the traffic in 3yrs from now, whether the tunnel open n tropicana link open or not.
TSaccetera
post Jan 2 2011, 04:26 PM

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can i say this project kicked off the "BBB" season for 2011? hahaha

surprisingly sales was very good probably the hype of LRT next to it.. LOL
cranx
post Jan 2 2011, 08:19 PM

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what is the exact location? nearby Crimson condominium and NZX?
ooice
post Jan 3 2011, 12:56 AM

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QUOTE(accetera @ Jan 2 2011, 04:26 PM)
can i say this project kicked off the "BBB" season for 2011? hahaha

surprisingly sales was very good probably the hype of LRT next to it.. LOL
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Sales very good? Based on the sticker on the board? You will be surprised 3 months down the road, these units will be released for sales again by the developer.

$500 psf is very steep compared to Amaya and Saujana area. If I m expat I can afford 2 take a cab, so LRT will not attract much of these groups.
SUSlokideangelus
post Jan 4 2011, 12:10 PM

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way to expensive might as well buy DS at tamam megah mas or taman mayang. Even the townhouse also better.
cody99
post Jan 4 2011, 03:20 PM

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Price at RM 500 /sqft.

A little on the high side but it is furnished.

Need to go have a look la… if the location is good and they give quality furnishing then it is worth it.

Of course with good financial package

neoloh
post Jan 4 2011, 06:47 PM

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Yesterday I went sale office in NZX, surprising is the sale chart...400k - 600k per unit seem quite expensive...500 psf....
leongxy
post Jan 4 2011, 06:52 PM

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exact location = land beside crimson apartment, not really big piece of land
jssl
post Jan 4 2011, 06:53 PM

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went to the site last 2 day ( since i stay just right opposite NZX, rclxms.gif lol )

By looking at the high selling Price & "weird" 2 layout design (at least for me & my gf la tongue.gif )
I will not consider about it ... maybe we are not their target audience smile.gif

I personally not very like the "steam bath" concept, according to the SA,
the warranty is only 1 year, after that ... makan sendiri sweat.gif

my 2 cent


Cheers
neoloh
post Jan 4 2011, 06:54 PM

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for who able to afford this unit, i think they better driving rather than LRT with jam ppl every morning....besides, D'AMAM Ria & and CRIMSON just beside this condo just ard 250k having same LRT station......
airline
post Jan 4 2011, 06:58 PM

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Only go if buy for own stay..
neoloh
post Jan 4 2011, 07:01 PM

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if for own stay, dun buy facing NKVE unit.......it is crazy noisy......
kochin
post Jan 5 2011, 09:27 AM

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i stayed crimson previously for a few years before i moved out.
generally it was fantastic living there at my time. if you do mind going through a hole everyday (the tunnel link), then it should be fine. but now that it's changed to one way, traffic is worse lor.
selling point is FREEHOLD!
but for 400k to 600k, it's really too pricey lah.
more worthwhile to buy d'aman ria and renovate with steambath, still cheaper and bigger built-up.
michelle528
post Jan 10 2011, 12:03 AM

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QUOTE(kochin @ Jan 5 2011, 09:27 AM)
i stayed crimson previously for a few years before i moved out.
generally it was fantastic living there at my time. if you do mind going through a hole everyday (the tunnel link), then it should be fine. but now that it's changed to one way, traffic is worse lor.
selling point is FREEHOLD!
but for 400k to 600k, it's really too pricey lah.
more worthwhile to buy d'aman ria and renovate with steambath, still cheaper and bigger built-up.
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hi ko chin,

I m considering to buy one of the unit facing the swimming pool (which is facing the NZX), but my concern is that it is still noisy bcos of the NKVE highway. During your stay in Crimson, do u know if facing the NZX side whether the NKVE noise can be heard?
thanks!
TSaccetera
post Jan 10 2011, 12:19 AM

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i heard dat area is prone to small crimes?

Expensive unless you work around Dataran Prima or Tropicana area. The area has the "surrounded" feel.

But who knows, many things are coming up at Ara Damansara.
kochin
post Jan 10 2011, 10:05 AM

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QUOTE(michelle528 @ Jan 10 2011, 12:03 AM)
hi ko chin,

I m considering to buy one of the unit facing the swimming pool (which is facing the NZX), but my concern is that it is still noisy bcos of the NKVE highway. During your stay in Crimson, do u know if facing the NZX side whether the NKVE noise can be heard?
thanks!
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my unit was facing NZX. no noise heard from NKVE. but do not under any circumstances get unit facing the highway as what others have explained. it is deafening! from what you described, that means you are getting the unit facing the pool but your back (with another roll of apartments facing the highway?). am not sure whether got sound or not? my unit is the one facing NZX directly.
but the downside to units facing NZX is the sun direction (facing west).
pros of this place is the maintenance. i would consider it tip top. i was there a few weeks back to check on post box and etc. i took a walk after a few years absence and most of the things are still in tip top shape. what amazes me was the lift. all still in top condition. i remember seeing the workers wiping off any markers (if any) last time. rclxms.gif
i would have thought d'aman ria is the better block but dunno why crimson still is much sought after as compared to ria. maybe maintenance issue?
good luck!
triplexpresso
post Jan 10 2011, 11:10 AM

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The smaller studio units 640sqft starts from 388k onwards (low floor). All such units comes with 2 parking bays

The larger one (1050sqft?) are all 550k onwards with. All such units comes with 3 parking bays

It's renovated and furnished. Move-in condition, but I didnt really like their design and layout. Too "open" IMO.

Salesgirl was really lansi too, maybe because I walked in with shorts and slippers lol, but thats another story for the "dress nice to showroom" thread biggrin.gif
neoloh
post Jan 10 2011, 01:17 PM

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QUOTE(kochin @ Jan 10 2011, 10:05 AM)
my unit was facing NZX. no noise heard from NKVE. but do not under any circumstances get unit facing the highway as what others have explained. it is deafening! from what you described, that means you are getting the unit facing the pool but your back (with another roll of apartments facing the highway?). am not sure whether got sound or not? my unit is the one facing NZX directly.
but the downside to units facing NZX is the sun direction (facing west).
pros of this place is the maintenance. i would consider it tip top. i was there a few weeks back to check on post box and etc. i took a walk after a few years absence and most of the things are still in tip top shape. what amazes me was the lift. all still in top condition. i remember seeing the workers wiping off any markers (if any) last time.  rclxms.gif
i would have thought d'aman ria is the better block but dunno why crimson still is much sought after as compared to ria. maybe maintenance issue?
good luck!
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agree, Crimson, for me is nice and as said maintenance and the lifts, always in good condition and speed fast.... For swimming pool, I never been there since staying for 3 months there... paiseh...


Added on January 10, 2011, 1:23 pm
QUOTE(triplexpresso @ Jan 10 2011, 11:10 AM)
The smaller studio units 640sqft starts from 388k onwards (low floor). All such units comes with 2 parking bays

The larger one (1050sqft?) are all 550k onwards with. All such units comes with 3 parking bays

It's renovated and furnished. Move-in condition, but I didnt really like their design and layout. Too "open" IMO.

Salesgirl was really lansi too, maybe because I walked in with shorts and slippers lol, but thats another story for the "dress nice to showroom" thread biggrin.gif
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Yala, same with shorts and slippers (because just in front of it, Crimson)...Nobody come even say HAI...I just walked to see their model, then trying to request a flayer, still no ppl, haiz...then find by myself and leave.....

This post has been edited by neoloh: Jan 10 2011, 01:23 PM

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