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

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ManutdGiggs
post Aug 24 2011, 04:42 AM

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I was offered an unit of Damen at about 700+ sf with cost around 500 psf b4 discount.
Izzit worth buying???
Any SIFU here to provide help???

ManutdGiggs
post Aug 24 2011, 08:48 AM

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QUOTE(dlyw1103 @ Aug 24 2011, 08:14 AM)
500 psf???  shocking.gif  drool.gif
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Yup. Not sure wats the developer's price.
ManutdGiggs
post Aug 24 2011, 03:48 PM

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QUOTE(dlyw1103 @ Aug 24 2011, 09:07 AM)
must be block A. low, mid or high floor?
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Block A. High Floor.


Added on August 24, 2011, 3:50 pm
QUOTE(rakyat @ Aug 24 2011, 09:00 AM)
I think if you like the concept and the location then the offer is a good deal since block B launch already RM650 psf. Even if you r getting block A unit it was launched at RM5++ psf. So u r getting a fantastic price

Doubt u can qualify for the discount anymore since it is suppose to be 'early bird special' for 1st 150 customers.
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Still can get de 5%

This post has been edited by ManutdGiggs: Aug 24 2011, 03:50 PM
ManutdGiggs
post Aug 24 2011, 07:24 PM

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Actually my bosses have a commercial unit in Damen. So they have given me the quota offered by developer. So maybe due to this reason, they did not fall under the 150 ppl???

Giant is rebulding now. Hopefully the price will be reasonably higher after vp.
ManutdGiggs
post Aug 25 2011, 08:21 PM

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QUOTE(rakyat @ Aug 25 2011, 10:28 AM)
Then get it, if possible get 2 units  tongue.gif  Since upon VP u can undercut the block B purchaser by selling at RM680 psf.

A cool RM120k profit  brows.gif

BTW I don't think Giant is rebuilding, they only wanna save face but actually already given up. Heard the piece of land oso sold d
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Sorry. The actual price is confirmed at RM 590 psf. My bad. But izit stil worth buying???

I just received a call from equine park this noon regarding my bosses investment in Damen shop. They will delay the vp to 42mths instead of 36mths due to some changes in the design.

What am worrying is would they call off the project??? But 1 good news is vp will definitely b delivered after the property crash in 2013 or 14, if it ever happen.

My bosses actually have 2 units but opt to keep 1 for themselves. So I can only buy 1.

This post has been edited by ManutdGiggs: Aug 25 2011, 08:23 PM
ManutdGiggs
post Sep 5 2011, 11:00 PM

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A friend f mine just told me that damen is going to delay vp from 36months to 48 . Any comment?
ManutdGiggs
post Sep 6 2011, 09:34 AM

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QUOTE(dlyw1103 @ Sep 6 2011, 09:08 AM)
any reason given for delaying? apartment will be same?
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All same time. Major change in retail and shops plan. Additional floor of parking. Which mean more people are able to come in? Better flow of traffic with newly proposed entrance and exit from mall.

48 months is somehow too long. Worth waiting with these promises of upgrading, or its a waste of time with capital being locked in for this project for too long?

Advise needed from SIFUs


Added on September 6, 2011, 9:35 am
QUOTE(macho dog @ Sep 6 2011, 09:01 AM)
Can be a bonus, kekeke....

Usually penalty for late VP is 10% PA of SPA price.

If delayed 1 year, buyers get 10% capital gain fr dev lor...
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No penalty as they alter all SAP. No stamping is done till now.


Added on September 6, 2011, 9:37 am
QUOTE(kelvyn @ Sep 6 2011, 08:39 AM)
Isn't standard VP in 36 months? How come become 48 months pulak hmm.gif
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Developer is allowed to do that provided its accepted by buyers. And so far noone crying about that. Everyone seems to be happy with the 48 months???

This post has been edited by ManutdGiggs: Sep 6 2011, 09:38 AM
ManutdGiggs
post Sep 7 2011, 08:17 AM

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QUOTE(dlyw1103 @ Sep 6 2011, 05:05 PM)
In this case, high chances that LRT may complete ahead of Da Men  brows.gif
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Haha. Isn't that sound great???
Good investment I guess.
ManutdGiggs
post Sep 22 2011, 10:59 PM

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QUOTE(dlyw1103 @ Sep 22 2011, 10:12 PM)
extracted from propwall.com

No worries. As I know, no sap is signed. Yet con period 48mths. Stil hav a chance to facelift usj. Maybe beta. Who knows.

Da Men, UEP Subang Jaya
Da Men (also spelled as da:mén) is an up-and-coming mixed commercial and residential development project located at USJ 1. The development is said to be constructed over Giant’s former warehouse which is beside the intersection of Persiaran Kewajipan and Persiaran Subang Permai. It will be adjacent to high-rise buldings such as HeiTech Village Casa Subang, Impian Meridian and Summit USJ.

Da Men consists of service apartments, shop lots and a retail mall. There are a total of 480 units of service apartments constructed over two 23-storey blocks with built-up area ranging from 723sf to 1,100 sf. The 68 units of retail shops and offices are said to occupy 2-storey, 5-storey and 6-storey blocks facing two major roads (Jalan Kewajipan and Jalan Subang Permai). The retail mall is said to spread over seven floors with a total built-up area of 400,000 sf.

Da Men facilities include an infinity-edged pool, gym, lounge, sauna, launderette, 3-tier security system and 24-hour CCTV surveillance. Occupants of the studio-sized unit will also be issued one covered parking slot whereas other residents will be issued two covered parking slots.

As the serviced apartments, shop lots and retail mall will all be seamlessly connected, occupants of Da Men can conveniently take a lift down and access all kinds of amenities, from food and beverages to beauty and fashion, travel, IT and entertainment outlets.
Currently, food and beverage key anchor tenants in the retail mall include Food Republic, Carpicciosa, Social@KL, Morganfields, Tonkatsu, Overtime and En Dining. As USJ 1 is a mere 15 minutes drive away from 15-20 schools, universities and colleges, the service apartments can also be rented out to students from neighboring SEGI College, Taylors College, Monash University and Sunway University. Summit USJ and Mydin USJ is also within walking distance from Da Men.

Da Men can be accessed via KESAS, Federal Highway, NKVE, ELITE, NPE and the Subang-Kelana elevated highway. A proposed LRT station less than 5 minutes walk away from the development is in progress and is estimated to be up and running concurrent to the opening of the development.

Property Details
◦Name: Da Men (also spelled as da:mén)
◦Address: Persiaran Kewajipan, USJ 1, 47500 UEP Subang Jaya, Subang Jaya, Selangor
◦Developer: Revenue Concept and Equine Capital
◦Completion Date: 2014 (estimate)
◦Type: Serviced Apartment & Retail-Shop Lot
◦Tenure: Freehold
◦No. of Blocks
◦Serviced Apartment: 2
◦Shop Lot: 3
◦No. of Storey
◦Serviced Apartment: 23
◦Shop Lot: 2 – 6
◦No. of Units
◦Serviced Apartment: 480
◦Shop Lot: 68
◦No. of Bedrooms: 1 – 2
◦No. of Bathrooms: 1 – 2
◦Land Area: 391,168, sf
◦Built-up
◦Serviced Apartment: 723 – 1,214 sf
◦Shop Lot: 3,482 – 6,775 sf
◦Launch Price
◦Serviced Apartment: From RM350,000
◦Shop Lot: From RM3,000,000
◦Subsale Price
◦Shop Lot: RM3,607,600 – RM5,571,180
Facilities
◦Direct access to retail mall and shop lots
◦Covered car park
◦3-tier security system
◦24hour CCTV surveillance
◦Gym
◦Launderette
◦Sauna
◦Infinity-edged pool

Analysis
Revenue Concept owns the land whereas Equine Capital is the main developer of the project. The current projects run by the latter company include Equator, Equine Boulevard and Suria Permai. Equine Capital has experience in planning, designing and building bungalows, semi-detached houses, condominium blocks and shop offices. Future projects from the company include landed residential housing in Seri Kembangan.

Da Men has an impressive façade and reportedly cost its developers RM1bil to construct. Judging from the pricing of its units, this development is meant to attract high-end consumers in Subang Jaya which currently houses over 1 million residents with higher-than-average income. In terms of convenience, the LRT and close proximity to entertainment, food and shopping will be a great attraction to its occupants.

However, steep pricing also means that investors should be wary of this area as it could be particularly difficult to rent or sell out a studio unit in Da Men which costs more than owning a landed terrace house in Subang Jaya. The fact that there are no plans to build new access roads to USJ also means that residents must be prepared to brave daily traffic jams as well.
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ManutdGiggs
post Oct 19 2011, 09:23 AM

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QUOTE(kelvyn @ Oct 19 2011, 08:49 AM)
Some thing happen to the project hoarding...

[attachmentid=2492494]  [attachmentid=2492496]
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Huh??? Another cheat??? Is equine goin to not even start ground work??? Seem like it s all SAP not signed!!!
ManutdGiggs
post Oct 19 2011, 04:14 PM

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QUOTE(clanzkiller @ Oct 19 2011, 04:08 PM)
Project called off? Lol. Anyone with latest info mind to share??
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Someone said its blown down by strong wind. True onot???

Onli equine ppl tau la.
ManutdGiggs
post Oct 19 2011, 08:36 PM

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QUOTE(macho dog @ Oct 19 2011, 05:12 PM)
Blown down by wind possible oso, but how come all the barricade/hoarding sheets missing oredi? Gone with the wind?
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Tat v hav to ask equine. Haha. Maybe they forgotten bout it when they try to made up the story
ManutdGiggs
post Oct 20 2011, 07:59 PM

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QUOTE(dlyw1103 @ Oct 20 2011, 03:10 PM)
according to SA, hoarding blown down by wind ...
There were few drop out units and also new takers for those units despite price increased...
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A SA told me tis morning maybe due to debt to event management on the lauching. So they tear down ethg.

All sort of stories now. Hopefully wount end up 'call off project'
ManutdGiggs
post Oct 21 2011, 05:03 PM

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QUOTE(kelvyn @ Oct 20 2011, 10:11 PM)
If at this early stage, already cannot pay its debtors, don't know what will happen during construction........ doh.gif
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ppl say it might b the practice there. PAI KUAN wo. Tats y ask for 4yrs b4 VP.
ManutdGiggs
post Nov 1 2011, 08:20 PM

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QUOTE(thomstho @ Nov 1 2011, 07:52 PM)
Today, I passed by the development in the noon and saw the construction has started.
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Good!!! But lotsa ppl not sign SAP yet due to alteration of plan.
ManutdGiggs
post Nov 1 2011, 10:31 PM

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QUOTE(dlyw1103 @ Nov 1 2011, 08:58 PM)
those buying shoplots must have already signed no?
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Not yet. Some argued for compensation.
ManutdGiggs
post Nov 2 2011, 10:15 AM

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QUOTE(kelvyn @ Nov 2 2011, 09:44 AM)
Why got compensation?
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nO COMPENSATION, BUT BUYERS ASKING FOR IT COS THERE R CHANGES TO SHOP UNITS. SOME EVEN CHANGE TO OTHER UNITS. BEING FORCED TO OR WILLINGLY CHANGING UNITS IS ANOTHER QUESTION.

DEVELOPER SEEM TO TAKE BUYER FOR GRANTED. SUKA SUKA TUKAR DESIGN.
ManutdGiggs
post Jan 8 2012, 08:52 AM

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Just sign SAP for tis Damen. They has been delaying for too long. Hope to hav good appreciation in future since they claim tat they r very cautious bout everythg. Tats y took so long. *BS* I think.
ManutdGiggs
post Jan 8 2012, 04:23 PM

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QUOTE(dlyw1103 @ Jan 8 2012, 10:00 AM)
S&P for shoplot or residence? As I understand they have not yet received the approval to sell/build. Target official launch after March. Correct if wrong pls.
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Sori forgotten to mention its shop. I hav service apt too but not sign yet. They said after cny wo. Full of *BS*
ManutdGiggs
post Feb 12 2012, 08:31 PM

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I alwiz like to invest in high traffic area. But I dun like goin into jam area.

Anyway, I think most places r having bad traffic during morning 7-9 n evening 5-7. So not much complaint for usj1 cos LDP lagi worse.

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