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 REVENUE CONCEPT at USJ1 (Next to SUMMIT), DaMen -Next to Summit

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TScutealex
post Apr 21 2011, 02:14 PM, updated 15y ago

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To share here:-

I just called to Developer , indicative price RM550-RM650.
-480 units of Service apartments
-shopping mall and commercial buildings
-launch around August

***i can felt it similar like S.Velocity.... blush.gif


The property development in USJ, Subang, Selangor Darul Ehsan is a mixed commercial & residential freehold development jointly undertaken by Revenue Concept Sdn Bhd (as the Land Owner) and Equine Park Country Resort Sdn Bhd, a subsidiary of Equine Group (as the Developer). The proposed development consists of 480 units of service apartments in 2 building blocks, 68 units of 5 to 6-storey shop-offices and a 6-storey retail mall which will have outlets catering for a wide range of interests covering F&B, beauty & fashion, travel, IT & technology, leisure, Asian gourmet village and entertainment.

Sprawl over a land acreage of 8.98 which is strategically located beside the intersection of Persiaran Kewajipan with Persiaran Subang Permai, the project is surrounded by established landmarks such as Summit USJ, Giant Supermarket, Mydin Shopping centre, Subang Hi-Tech and Subang Furniture mall.

With its location in USJ, the project is also within proximity of established education centres such as Segi College, Taylors College, Metropolitan College, Inti College, Monash University and Sunway University.

The project’s site is easily accessible via a network of highways such as KESAS Highway, Federal Highway, Lebuhraya Damansara Puchong (LDP), North Klang Valley Expressway (NKVE), ELITE Highway, New Pantai Expressway (NPE). An LRT Station which has been proposed in the surrounding of the site will, upon its completion, complement the present public transportation in the vicinity.

This post has been edited by cutealex: Jun 7 2011, 05:10 PM


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kh8668
post Apr 21 2011, 04:32 PM

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this one got bridge linking to Summit USJ?
takso21
post Apr 21 2011, 04:35 PM

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Not so good location as Ultra Super Jam area. biggrin.gif
rakyat
post Apr 21 2011, 04:37 PM

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QUOTE(kh8668 @ Apr 21 2011, 04:32 PM)
this one got bridge linking to Summit USJ?
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Y need bridge? It is just 2 hops from summit hotel.

Heck b/4 they cordon off the place, stingy ppl used to park there and walk over into Summit via carpark entrance tongue.gif
kh8668
post Apr 21 2011, 04:45 PM

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previously there was a futsal court at the site, is it that one?


Added on April 21, 2011, 5:17 pmuser posted image

Location A or B?

This post has been edited by kh8668: Apr 21 2011, 05:17 PM
TScutealex
post Apr 21 2011, 05:31 PM

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According to the sources...

They said built on existing Giant warehouse? ... should be "A"
0106127
post Apr 21 2011, 07:47 PM

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QUOTE(cutealex @ Apr 21 2011, 05:31 PM)
According to the sources...

They said built on existing Giant warehouse? ... should be "A"
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location good. but super jam
Kanelam
post Apr 21 2011, 08:31 PM

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QUOTE(0106127 @ Apr 21 2011, 07:47 PM)
location good. but super jam
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Passed there today, workers are already fencing up the are , or should i say putting wooden planks to close the area

Name is 'Da Men' as of Big door
ronn77
post Apr 21 2011, 09:06 PM

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That place is nightmare due to terrible jam. You will think twice or thrice everytime you want to go in and out from your house.
TScutealex
post Apr 21 2011, 09:15 PM

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i afraid this will be another S.Velocity pattern...

now said indicative price RM550-650psf,,, then drag till next year said start RM700-750psf due to Market Trend...

the concept a bit like S.Velocity... but i more like Velocity design... but this one also not bad lah...

According to the SA...No SOHO at the moment and concept go to Studio, 1+1, 2+1 rooms....
henryhing
post Apr 21 2011, 09:28 PM

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No need afraid la bro. thought they should be afraid instead if cant sell !!?? We are buyers so what to afraid? They will taruk us with high price if we layan it...
TScutealex
post Apr 21 2011, 09:34 PM

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QUOTE(henryhing @ Apr 21 2011, 09:28 PM)
No need afraid la bro.  thought they should be afraid instead if cant sell !!?? We are buyers so what to afraid? They will taruk us with high price if we layan it...
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Hopefully Dev also think like that...
TScutealex
post Apr 21 2011, 10:04 PM

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modify the road...
rakyat
post Apr 22 2011, 09:38 AM

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QUOTE(cutealex @ Apr 21 2011, 05:31 PM)
According to the sources...

They said built on existing Giant warehouse? ... should be "A"
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It is 'A' - Warehouse infront and food court cum furniture shop, later bankrupt (lack of parking + jam) replaced by futsal. 'B' is abandon commercial centre slated to be parking lot for Summit LRT station
TScutealex
post Apr 22 2011, 09:47 AM

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Do u think i better buy Landed USJ1 house- ard rm400k but leasehold or this project RM400k but small sq/ft? how?
rakyat
post Apr 22 2011, 09:47 AM

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QUOTE(cutealex @ Apr 21 2011, 09:15 PM)
i afraid this will be another S.Velocity pattern...

now said indicative price RM550-650psf,,, then drag till next year said start RM700-750psf due to Market Trend...

the concept a bit like S.Velocity... but i more like Velocity design... but this one also not bad lah...

According to the SA...No SOHO at the moment and concept go to Studio, 1+1, 2+1 rooms....
*
Even now with RM550 - 650 psf the pricing is expensive, if rise to RM700 psf then you can expect 'A' to share the same faith as 'B' rclxms.gif

This cannot compare with Velocity or even Empire Subang due to accessibility, summore since when Equine pull off successful shopping mall? If they replicate Serdang mall (low end mass market) concept in USJ then they will have a tough fight with Summit. Unless they pull an Empire (boutique malls targeted at middle market) concept they cannot command too much of a premium

B/4 Badawi factor, Equine used to be slightly better then Talam, maybe same quality as MK - build cheap landed & apartments in Serdang
shinchan^^
post Apr 22 2011, 09:49 AM

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the Summit traffic light is crazy man....
TScutealex
post Apr 22 2011, 09:52 AM

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Yes, but now developer where care too much....

as usual tactic...they will put on for registration or set up booth during property fair then see the response... if Good and hot response...

they will just launch at the price (as high as possible) that they want.. and ppl stil BBB and sapu...

check it out for Z-res...
henryhing
post Apr 22 2011, 10:57 AM

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Dont think got approval by gov yet. Apparently authority still trying to analyze the consequences of the project and hopefully will plan out something to ease the crazy jam there
TScutealex
post Apr 23 2011, 03:40 PM

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Yes... not yet.. that why they claim target to be launch at Aug
cuebiz
post Apr 23 2011, 04:38 PM

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Summit is already a failure. I cant see this project will be a success.
jinyee80
post Apr 23 2011, 08:43 PM

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Another project linked to Datuk Desmond Lim.
TScutealex
post Apr 23 2011, 08:59 PM

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i think how developer going to manage it... if ok.. this project will sustainable...
mercury8400
post Apr 24 2011, 10:33 PM

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I hope the launching price is RM 700 psf. Then my impian meridan condo (also located behind summit/giant) will appreciate even more!. LOL !
TScutealex
post Apr 24 2011, 10:45 PM

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QUOTE(mercury8400 @ Apr 24 2011, 10:33 PM)
I hope the launching price is RM 700 psf. Then my impian meridan condo (also located behind summit/giant) will appreciate even more!. LOL !
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Lolz... rm700psf...impossible lah... then ppl better buy landed lah..


Added on April 25, 2011, 9:48 amCool

This post has been edited by cutealex: Apr 25 2011, 09:48 AM
1investor
post May 8 2011, 11:50 AM

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QUOTE(cutealex @ Apr 24 2011, 10:45 PM)
Lolz... rm700psf...impossible lah... then ppl better buy landed lah..


Added on April 25, 2011, 9:48 amCool
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With interest rate rising and uncertainty in resale market market seem questionable. in usj, both current and future. Whst if the final selling prices of apt breaches rm700 psf and what if the whole concept fail? No key tenants, rentalvprices for shop fail to be in sustaining mode and apt rental yield fare badly? Equine is definitely have no track record to do such massive and high profile project yet alone managing it. Can they really makes us rich or really.
mercury8400
post May 8 2011, 02:55 PM

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QUOTE(1investor @ May 8 2011, 11:50 AM)
With interest rate rising and uncertainty in resale market  market seem questionable. in usj, both current and future. Whst if the final selling prices of apt breaches rm700 psf and what if the whole concept fail? No key tenants, rentalvprices for shop fail to be in sustaining mode and apt rental yield fare badly? Equine is definitely have no track record to do such massive and high profile project yet alone managing it. Can they really makes us rich or really.
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Their objective is to make money from the current BBB craze irregardless od how the projects fare. As long as they can sucessfully sell all their unit (to stupid buyers so caught up by the BBB craze and cannot see the real big picture) the developer couldn't give 2 hoots if the projects fail miserably. And don't try to argue with me about how"developers have to keep their reputation" etc. Developers these days only care about their bottom line and not reputation. And finally and most importantly Developers objective is NOT TO MAKE U RICH. ITS TO MAKE THEMSELVES RICH AND MAKE U THE SUCKER!!!
1investor
post May 16 2011, 09:29 PM

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QUOTE(mercury8400 @ May 8 2011, 02:55 PM)
Their objective is to make money from the current BBB craze irregardless od how the projects fare. As long as they can sucessfully sell all their unit (to stupid buyers so caught up by the BBB craze and cannot see the real big picture) the developer couldn't give 2 hoots if the projects fail miserably. And don't try to argue with me about how"developers have to keep their reputation" etc. Developers these days only care about their bottom line and not reputation. And finally and most importantly Developers objective is NOT TO MAKE U RICH. ITS TO MAKE THEMSELVES RICH AND MAKE U THE SUCKER!!!
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I totally agree with you. Developers are using us to create artificial demand. I am not surprised if some of the positive comments here purposely crafted and released by their staffs to excite us. I was told by equine sales staffs that milan doshi group booked more than 100 units. Come to think of it, isn't he is a real estate agent? I sensed conspiracy here. Why do equine need a real estate agent to bring large groups of people to booked the units and tell the whole world about it?
TScutealex
post May 17 2011, 12:22 AM

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yeah..tat why we should advice some of forumer (new in property market)..dont keep Bbb mode...pls thk of the sustainbility..
cwhong
post May 19 2011, 12:16 AM

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QUOTE(ronn77 @ Apr 21 2011, 09:06 PM)
That place is nightmare due to terrible jam. You will think twice or thrice everytime you want to go in and out from your house.
*
yupp, terrible ....... unless work within walking distance for couple....... with kids then really have to put a wish for a wider or alternative roads doh.gif sweat.gif
cwhong
post May 19 2011, 12:22 AM

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QUOTE(mercury8400 @ Apr 24 2011, 10:33 PM)
I hope the launching price is RM 700 psf. Then my impian meridan condo (also located behind summit/giant) will appreciate even more!. LOL !
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with rm700psf i better put my bets at Sentul Capers (YTL - around 4xxpsf) / future Sentul projects since the LRT already here and komuter also ....... why wanna pay more and get stucks in the traffics everyday? but that's different story if no choice if works there lah...... btw landed should be a better choice if really wanna stay there...... just my view icon_idea.gif
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post May 19 2011, 09:49 PM

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is this project damen usj? or different?
lazzy_dogg
post May 20 2011, 01:16 AM

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has anybody mentioned how many other condo/service apmts are located a stone throw away in that area? i think got 3.....
TScutealex
post May 22 2011, 07:43 PM

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One taikor/ SA pm me..

said update for 5 storey shoplot price start RM10.6 mil... sweat.gif

Wau... blink.gif


Added on June 3, 2011, 10:32 pmsmile.gif

This post has been edited by cutealex: Jun 3 2011, 10:32 PM
deathhead
post Jun 7 2011, 04:46 PM

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not familiar with USJ. good place to invest?
TScutealex
post Jun 7 2011, 07:58 PM

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QUOTE(deathhead @ Jun 7 2011, 04:46 PM)
not familiar with USJ.  good place to invest?
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Almost fully book..u said leh?? Not one can 100% guarantee it goood investment..but location ok but traffic massive congest...
ahkang
post Jun 7 2011, 10:04 PM

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This development really is a good investment.The Persiaran Kewajipan will be added 6 lanes including 2 lanes turn to Persiaran Permai.Besides, developer is proposed do a link bridge to connect to Giant.The important thing is there will be a flyover at the junction there.MPSJ still collecting the contribution from others developers who having project at Subang.
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post Jun 12 2011, 08:35 AM

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I wander why most ppl r looking to flip properties n not keeping them. No doubt 1 can earn 100+k for a simple soho, but keeping property usually enjoy de appreciation in price overtime.

I prefer commercial n industrial. At least tenants r using for biz n ll take beta care of it.

And for tis Damen Usj, I really think de prices r too high, but genuine investor ll not let go with cheap rental. Therefore, there is a chance to elevate de Market value.
jet2020
post Jun 12 2011, 09:03 AM

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according to the latest info, the psf is $550, size starting from 710sf, 5% early bird rebate and got DIBS.

this will be investable if LRT station (with park & ride) next to Shell station will be ready about the same time with the completion of this project..... hmm.gif
Raub
post Jun 12 2011, 11:42 AM

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QUOTE(jet2020 @ Jun 12 2011, 09:03 AM)
according to the latest info, the psf is $550, size starting from 710sf, 5% early bird rebate and got DIBS.

this will be investable if LRT station (with park & ride) next to Shell station will be ready about the same time with the completion of this project..... hmm.gif
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latest info is startig 723 sf ...

 

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