I've read through the entire thread and looked up damen....wow I see now why Big Brother (Govment) had to step in with their 30% from 3rd property onwards.

No offence intended, but what's the sense in damen when buildings like Impian Meridian, Rhythm Avenue is around? Sunway is more of the 'average' households place, with traffic jams, the jam is INSANE by the way.

Damen is targetting high end users. Rich people, and if you were a rich guy able to easily pay over rm2500 for rental (!!??) I think he would be smart enough to buy his own place? Why would he pick a place with traffic, a lousy mall, and a shady hotel next to it? Summit was the summit (pun intended) of Sunway until Pyramid tore it down, and the further developments in Subang Jaya has made Summit look like a high class 'pasar malam' ground.

From the way I look at it, damen is a high class buiding coming up in the wrong location. You can bet occupancy rate for this place would be below 50% for the first 2 years...I understand Casa Subang is a bit of a shady place, the building is quite low class, etc. Rhythm is a bit too big for my taste but self contained, although quite deep in USJ, you'll take forever to get out. So far the best bet seems to be Meridian doesn't it? Right opposite Segi College and Heitech, Summit is 1 minute walk...LRT coming up 5 minutes away, and it looks like a solid serviced apartment from the outside.

I'm still thinking of investing in Sunway but haven't completely made up my mind. IMO, if I'm going for damen, 100% I'll stay in it as finding tenants will be like finding gold bricks in gutters.

I do believe in investing in 'hot areas'. I believe the stretch across Subang Parade is even hotter, though the jam is not half as bad. I invested in Casa Tiara year and half back, the last set of apartments on the stretch, next to Mesiniaga apartment. Turned out to be a great investment, though I am still assessing if any buildings in Sunway area can match this or come close.

My point is to rent out you need to find your target market. According to my analysis, damen is out of the question. Even Impian seems to be a bit on the classier side when compared to its surroundings but it seems the best choice at the moment for me.

It was my input into things, Im surprised a development like that is considered so hot when the environment doesn't match. Of course I'd be missing something, and it will be great if someone could provide me some pointers on why damen is indeed a good investment.

Following the thread, I see many "count me ins"...which is the reason I was surprised. It shows a lot of interest already.

Da Men is probably the best news for Impian Meridian owners...when Da Men is up and complete, Impian can SELL SELL SELL!!!

So after completion? Minimum rm750psf??

Crazy crazy price for that area. But lots of developments planned by the big G so we shall see....

I dont understand why people think Da Men will fall flat in its face? If its a high class development, the location has a lot of potential as rail lines are coming in few years, and 2 new highways linking the area to Kesas if I'm not mistaken, to help the traffic situation. These developments could count in making the place slightly better...and Da Men is surrounded by Mydin, Summit, and a hotel is coming up nearby as well as a leasehold development. There's big changes happening around the area, so its not like Da Men is coming up in an area which is already developed.

Experts say its best to invest in property with bad traffic...invest, dont live there. Bad traffic means heavy population, popular commercial area. It depends if/when the Gov will focus their attention there to help the situation, and their focus IS on USJ 1 area based on the signed off projects!

Personally, I wouldn't invest in Da Men simply because it's out of my budget. It IS overpriced but property market is so inefficient in this country it doesn't mean the apartment won't appreciate. Invest, rent out for 3-4 years and sell...almost a guarantee you still make good money. Unless a major property/economic crash in Msia of course...but this applies to all apartments.

Summit is the 'bad boy' of all shopping complexes in Subang Jaya...long live Summit!! The only time I visit that place is for their DVDs and horror movies in the theatre...theater themselves are creepy so adds to the fun!

Not really...I heard something different from a friend who called this morning. All agents have their sales pitch.

Quite large, I believe 1000 sqft and 1300 if not mistaken. And yeah freehold.

Edit, wrong numbers.

This post has been edited by BeastB: Jul 16 2011, 03:16 PM

I heard about the elevated development around a year ago and with LRT news which is why I vested there (Imp Meridian). Only issue is the effectiveness...WHEN will these new roads be completed. IF they can do this in 5 years I'll be satisfied...

This post has been edited by BeastB: Aug 10 2011, 02:03 PM

I went for the property seminar last weekend...you guys know Milan Doshi (the pperty multimillionaire....)? He and his students (around 20 ppl!!) vested in Da Men.

Imagine the shops from Pavillion coming to Da Men....for Sunway population. Haha...if I want a nice quiet shopping experience, Da Men is available now.

Why does he need to be present at the launch?

Anyway, just to share, the guy's presentation is way more 'straight arrow' compared to the other 'gurus' present there. Milan wasted little time with unrelated stories and talked more case studies which are directly related to us and what we need to hear.

Most of the other speakers were talking about their life stories and beautiful families for 70% of the time, and 30% of their time was on relevant stuff. I think 70% of what I found useful from the seminar came from MDs presentations.

Money spent to learn opinions of these guys who are successful as well as networking. For example, I own a few properties with no regrets so far, but gained some new ideas in regards to how to diversify in the future, example which sector to go into. Some of them are generous with the mistakes they made and how it could be countered in the future, and these are real life case studies which they've gone through and are willing to share.

No harm learning more about others who are experienced in property, and made it big from them. As you say, lowyat has a lot of info as well thanks to like minded individuals, thus seminars are the same although its a different type of exposure. There is no easy way in acquiring, and the speakers acknowledge it and simply tell us what they think is required to pursue success in this sector. No 'get rich quick' session which I saw there.

You mean Ambank only right. The moment any international bank follows suit, then its a real concern.

If you can still get the 5%.....has there been 150 customers after all this time? =P

Well, lots of empty space now around Da Men and Impian Meridian, the key is to have some very good developments taking over...if it becomes squatter place or something....mati.

If I'm not mistaken, theres a hotel coming up next to IM? Anyone know of developments around the area?

No chance. LRT will only commence around 2014...completion, hopefully before Malaysias famous '2020'.

If Im not mistaken, Da Men is still a leasehold lot correct? I was at the understanding in that area only Impian Meridian is freehold in USJ1.