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 Da Men @ USJ 1 ( Next to summit ), Discussion of Vesting potential

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BeastB
post Apr 2 2014, 11:46 PM

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QUOTE(lilzany @ Mar 31 2014, 09:53 PM)
Da Men buyers should be happy. The Kesas U turn is ready. Will be great to know how this turns out to ease the traffic flow around the area and also residents in general.
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It's all well and good having an extra entry into the area, but what the residents there need is an extra EXIT. The exit is a mess, mydin is super packed during rush hours and the traffic light area at Damen is crazy. Traffic police are so busy with traffic at the lights under the LRT bridge that they don't know what's happening near Giants.
BeastB
post Aug 10 2014, 11:41 PM

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I don't know how much the concept can be a success when Summit is right next door....and it's not that far to places like Pyramid, Parade, Empire.

In SS16, there's a very similar concept called Subang Avenue....the mall below the apartments is like almost dead, and there was so much excitement about Avenue when it was under development.
BeastB
post Nov 26 2014, 11:17 PM

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So the potential advantages for IM when everything completed:

Mydin, Giant, Summit mall, LRT, BRT, Segi, Da Men shopping mall = All walking distance
FREEHOLD
Relatively large units (1k -1.3k sqft compared to Da Men and Regina (This is Soho?)

All it's missing is a hospital close by...SDMC is closest.


BeastB
post Jan 11 2016, 10:59 AM

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As I have vested interest in Impian Meridian, I sincerely hope Da Men is a roaring success. All the best to you guys! smile.gif

And what one of you said is true, it's always better to have too much traffic in the area instead of no traffic at all. With all the developments and public transport connections, it can only help Da Men.
BeastB
post Jan 24 2016, 12:07 AM

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Met up with some friends the past two days and mentioned Da Men opening recently, most of them stay in Subang Jaya and had no idea. Couple of them didn't even know there's a mall! 1 guy asked me "So Summit closed down?" yawn.gif
BeastB
post Jan 24 2016, 06:53 PM

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QUOTE(zephyrus9999 @ Jan 24 2016, 06:36 PM)
Rather than blaming on menial stuffs like reno quality all these, i put my bet is on the market sentiment. Come on man, nowadays shopping malls mushroom like once in a month. Eventually the 'mall hype' dies down and no one is rather more interested to visit new malls and do shopping like last time. In 2xxx any crappy looking malls could easily get visitors. Still rmb Sogo Leisuremall Sgwang were always crowded. Plus now economic downturn who the heck could easily afford 200+ bucks a single day out. Blaming on reno stuffs like that is like lying to yourself the external factors dont exists. If majority has spending power, imagine buying one Zara cloth doesnt cost you 10% of ur salary, I believe any mall would be doing good for that economic time frame. Its all relative. People are holding back on expenditure. Im not saying you particularly, but the majority.

Anything that goes up must come down before picking back up again. This is not SG Taiwan HK where land scarcity is REAL as how your agents exaggerate. We have fukken plenty of land. Land that no one can afford shit.

When everyone goes crazy bout prop hype, more and more getting tied to credit loan. Its quite surprising how easy to secure a loan back then. And the effect doesnt take one month to see, but years, so yeah now the effect starts to be apparent. More and more are tied to commitments, holding less cash, worrying bout monthly budget more than wearing branded clothes, aims to survive for the month. Less disposable cash leads to less consumer sales in the market right?

Many other external factors plays a role too..

Just my 2 cents, though i could be off topic
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Great post. The market is declining overall since everyone's expecting the the country to tank within the next 2 years, unfortunately Da Men opened at a pretty negative period. I sincerely hope they have the holding power (commercial lots) and hang in there, though one must wonder how long they need to weather this storm.
BeastB
post Feb 9 2016, 11:54 AM

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I can't believe people are posting pics of Pavillion (central KL) to a brand new mall in USJ 1. Laughable.

Da Mens competitors are Subang Parade, Summit, Pyramid and Empire. Already a lot of competition, if they don't get unique retailers which the others don't already have they will fail. But from the looks of it there is an effort to look different but more needs to be done to PULL customers away. My favourite mall in the area is still Subang Parade since it's my childhood mall, it's not crowded and good food retailers. Went to DaMen I did see a couple of new interesting things but not enough to make me go back there again.

Let's give it another 4-5 months before pointing fingers and laughing. It's very unprofessional and disrespectful to the ones who are invested there.
BeastB
post Feb 10 2016, 10:04 AM

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QUOTE(icemanfx @ Feb 9 2016, 05:10 PM)
Disrespectful?! You mean rub salt to the wound?

If dm couldn't attract visitor during peak festive period, how it could attract visitor during off peak period? How many shops can sustain through lean time?
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Err....yeah if you know what 'rubbing salt into wound' means, it's basically the same thing: disrespectful. It's well and good to point out facts about the place as many have done (positive and negative) but I see a few posters here actually expressing joy that the place is struggling right now. They know who they are. Which is just pretty low class mentality. I'm not vested there but that doesn't mean I want the place to fail and pointing out faults just to make myself feel better, what sort of bullshit thinking is that? shakehead.gif
BeastB
post Feb 10 2016, 03:02 PM

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QUOTE(icemanfx @ Feb 10 2016, 10:33 AM)
In restaurant and hotel franchise, owner/franchisee follow franchisor's sop, renovation, purchase, etc to give a consistent product. In shopping mall, franchise management have better experience in mall management, could attract but couldn't order/insist brands to open there. It is syok sendiri to expect dm to be like pavilion bb.
In every investment, there are always some if not many people blinded by greed; alternative opinion would give a balanced and realistic view so more wouldn't fall into the trap.
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What's greed to you might have looked like sound investment to others. It might have been the first property for newbies. Doesn't mean other onlookers have the right to make fun of failed investments, period. Being relieved to not invest is good enough, coming into the investment thread and making fun of it is just = Low Class Attitude.
BeastB
post Feb 20 2016, 01:09 PM

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I'm hoping Da Men is able to give Summit a lot of pressure, and vice versa so both malls can keep improving. But I fear what is most likely going to happen is one of these malls will have to fold. Two malls walking distance from each other, and crowds don't seem to be there. Too many are still faithful to Pyramid and Empire, and Da Men and Summit has nothing so far to pull customers away from these two.
BeastB
post Feb 26 2016, 08:31 PM

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QUOTE(FrozenEva @ Feb 26 2016, 06:45 PM)
Extended biggrin.gif
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This is not good news....basically having to respond to something they did not expect. At least if they stuck to their strategy with promos one could assume they have prepared for the dry period. And I doubt a lame parking promotion extension can make a difference. They need to get a lot more retailers open fast and do some serious advertizing through TV/etc.
BeastB
post Mar 26 2016, 10:35 PM

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QUOTE(HarpArtist @ Mar 26 2016, 04:37 PM)
how will this affect the condos nearby? esp new vp one that tried to price in the brt (freaking expensive one) and new high end mall (that's dying)...
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Why would condos nearby be affected? Unless you're referring to the very new ones like USJ One and Remix? And even they wouldn't really rely too much on Damens progress, the Summit, shopping centers, LRT are all close by, and couple of business centers as well. The question is the oversupply in the area, how many condos do we have in USJ1 alone? At least 6 now?



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