This is an upmarket freehold condominium there is a unit sell at (RM900 PSF) for sale ...any comment?

Haha... Developer prices it now at1000 psf

the price suits well with the area

For more photos and 3D virtual tour, please visit http://twinsdh.com/

This post has been edited by marcusho: Oct 6 2011, 11:07 PM

Wow, didn't realize there was a thread on Twins @DH. How come such a cold thread? Re-posting myself:

So there's an upcoming MRT interchange station nearby (~800m) and part and parcel of the Damansara City (by Guocoland, Hong Leong subsidiary) ETP. The entire project plans to realize two grade-A office towers, a lifestyle mall, a 5-star hotel including the Twins condos.

Twins condo's are already priced at RM1.1k psf. Anyone see more growth potential once the MRT and DC development matures?

Damansara there, the price should be around there...+- oni

My 2c:

Just to share, recently visited Twins twice (no pun intended) for a feel of the environment. Facilities-wise we have a beautiful swimming pool, wading pool, playground for children (observed it was exposed to traffic noise to an extent), a theatre room (Avatar playing), a "mini library room", common laundry area, and of course, SKY GYM (really a heck of a view).

Observations:
1. Quiet place (in terms of people movement). Besides the guards, I've only seem about 3 expat couples. [Overall occupancy is at ~40%. Figure provided by agent]
2. Tower B maybe prone to construction-related woes. Damansara City being constructed right at the doorstep of the entrance of Twins, Tower B folks may be affected by construction (though I felt it wasn't too noisy, not too dusty either). Another plausible concern is the design of loading bays of DC, may or maynot affect Twins Tower B residents (stench, noise).
3. Walking distance (less than 5 minutes) to the row of shops opposite Menara Millennium: Starbucks, KFC, Pharmacy, Sundry shops.
4. DC construction well under-way. Interesting to see how the inclusion of the lifestyle mall, service apartments, office blocks, hotel + confirmed MRT interchange boosts the immediate area. [Some predict the DC Service Apartments to launch at 1.2k psf, digest with pinch of salt]
5. Latest bank evaluation on Twins@DH is 1044psf. [Thus 90% loan will be at 939.6psf, and one would probably secure a RM720k loan for the Type A 766sqft]
Based on this, if one was eligible for 90% loan with a tenure of 40 years based on type A purchase, the mortgage would be RM3.1k per month. Unsure if a "partially furnished" unit can meet a "break-even" scenario (maintenance fee is RM0.44 psf) for rental play.
6. Assuming an asking rental of 3k/mth targeting expats, they would be spoilt for choice with that budget looking at other "more strategic"/established expat-enclaves (MK or Bangsar)?
7. Speculation-wise, I'm personally optimistic about the overall location/development plans at DH. However, seems like pricing-wise, the price of the future has been built-in the daily cost of today.

Happy hunting~

U can consider dream water as well
I got research here last time

for such price, you can get some of those high-end condos near KLCC area in teh secondary market. Isn't that a more prime area especially for rental market later?

Taiko Sailorman, could you share examples of these secondary markets worth the while for rental play? Of course, I shall duly do some digging on my own, but any pointers in the right direction is much appreciated!

@airline

What did your research on dream water reveal? A hidden gem perhaps?

Low occupancy and poor finishing

i justs saw from iproperty that condos like idaman residence, 1A stonor and my Habitat is asking for 600 plus to 900 plus psf while those high end condos in PJ or subang are also about the same prices.

i am also wondering why? let's share our info as I am looking to buy for investment and rental (not flipping).

Last weekend got open house

Heard still got a number of unsold units after almost 2 years VP, last week open house offer 1 additional carpark n 2 years free maintenance free.

So form your own conclusion

yeah..i just receive a message telling there is preview,12%rebate,free 2 car parks and 2 years free maintenance.

6th floor unit going for 930k neg and that's around 750-800psf.

DH and freehold so what? Can't fight TG la.

Hi,anyone let go their unit.Im interested on the 766sqft unit.Anyone interested to let go can PM me. thanks.

What's the demand of HELP students renting room from Twins?

The real damansara address. Got HELP student rent here meh? 1 studio unit fit 10 students?

What are the reasons why this condo is only 30% occupied despite being 2 years after VP?

My guess too many high net worth foreign investors who are not in Malaysia and not bother to renovate to rent out. Either waiting to sell or keep for long term (without renting out)

Another thing is with the heavy construction going on at Damansara City next door and the future MRT station there, those who can afford the rental there would have better choices

Believed that Kim Realty has been pushing sales for some time, even there are developer units still available, imagine 2 years after VP, for a condo in good location like Pusat Bandar Damansara

any units still for sale from developer?

really....any idea where is the sales office? I am kinda interested...

wonder why sales for this project not so good...Damansara City which located besides selling starting from rm1500 psf right?

This post has been edited by ppyton: Jul 24 2014, 01:15 AM

Leftover developer units facing not very good, most are large built-ups or low floors facing highway. Why not buy subsales which is cheaper and better selection?

thanks for ur advice...

anyone staying here or own units here? how's the occupancy level like?

Can ride on Pavillion Damansara Height to push to RM1500psf?

http://www.thestar.com.my/Business/Busines...mark/?style=biz

No leh..tht one 1.6k this one shld be max 1.1k average in 5yrs. mus always be 20-40% cheaper as dis one d developer nt good with many workmanship issue..

Pavi will hv pavi dsara heights address.. actually the offices just sold here at RM1500psf is more exp than enbloc sales of integra tower (Grade A+ tower) with rm10psf rental.. 2 MRT btr than KLCC location?? O&G companies need to remain in the city centre.

This twins will do btr soon when FnB focused dsara city mall opens.. previously occupancy at low 20-30% as no retail nearby... Now the small area gona be super wong with Pavi dsara heights, MRT (1 & Circle Line), Dsara City (mall+2 grade A office).

Last plot of land would be the menara millenium carpark land.. easily cn fetch rm1.4kpsf (help parking was 1.6k cos right beside MRT n desmond wanted the land)..

All depends on ur appreciation of the location n product.. sibeh gd area fr office i mus say..

Pavilion Damansara Heights to be launched at RM1,700 psf or more.

******
Apart from the nine blocks of office buildings, there will also be three blocks of serviced apartments which will take up 1 million sq ft. Previews of the serviced apartments may begin at the end of the year, with prices beginning from RM1,700 per sq ft or more.

According to industry sources, this is “reasonable” because of the prime location, the two MRT stations and amenities available within that 46 acres.

At RM1,700 psf or more, it will be higher than One Menerung high-rise development, which is between RM1,200 and RM1,400 psf.
*****
http://www.thestar.com.my/Business/Busines...ject/?style=biz

LYN regular Roy is Twins specialist...

u think twins small unit can hit RM1200psf given pavi is 1700?? I think if pavi sizes are small might be BBB

Update, heard their apartment only launching maybe mid 2016 given the time needed to tear down old buildings..

This post has been edited by Babizz: Apr 28 2015, 01:42 AM

twins 1 BR and 1+1 BR type B asking 1200psf already. actual transacted, dunno.

Actually transacted just slightly below RM1100psf for small <1000sf units. Mid sized units going for RM900psf +/-

Still very cheap compared to Damansara City

Also cheaper than most other MRT properties in less prime neighbours

saw your ads on iprop.. asking 1200psf

766sf asking RM1200psf nego.

2078sf only RM750psf onwards for very low level

Boss,

Twins occupancy more than 30 now? Twins is a MUCH btr deal than dsara city.. dsara city is NOT pavi la.. twins still got room to move at around 1100psf.. But one must note that twins is not a very good product.. a lot of complaints..

About 60% occupancy already lah

No doubt TWINS has its issues, but if no issues, the price would already be much higher. End of the day its already priced in. Quality of finishing can always be solved with money =)

may i ask what is the actual rental like for the 1 and 2 bedders? is it trending upward compared with last year.
thank you

Is there any unit in Twins transacted at RM1,200 psf? What is the highest price psf in Twins so far?

It looks like Damansara City takes very long complete. What is the price for Damansara City now? How is the take up rate?

Yes very true.. i think even the MRT is already priced in at 1.1k.. Just like tropicana garden saying price will appreciate when MRT is ready is untrue as most if not all of the potential appreciation is already in the selling price..

Frankly speaking, rich singaporeans not really like to stay near to mrt station. They prefer to drive their luxury car to work to shop. car for them is a status , mrt for them is low standard transport

Only middle income will choose to stay near to mrt station because hardly afford to buy car in sg.

Mrt in sg is for foreigners like Bangla, Malaysians, indians who are not afford to buy car in sg.

Pavilion Damansara Heights totaling 16 acres not yet priced in =)

And there still one more parcel which SelProp is still keeping for future future development

not always true. the key thing here is transport choices. Yes, a rich guy may drive a fancy car, but sometimes his kids do need to take the train to school, for example. not all rich people like owning cars in singapore. They may find it a waste of money, 70k for a piece of paper. Put another way, not everyone who drives a luxury car is rich and vice versa. At the end of the day, it often boils down to perceived value of things.

This post has been edited by corleone74: Apr 29 2015, 08:53 PM

Hmm.. maybe true as well. but most ppl know pavi dsara was on the cards for a long time.. ive looked at their numbers n bliv that the pavi group will only make a small profit on the whole area given the very high acquisition costs..

The last parcel of selprop is the carpark for Milenium?

Partially right, but these 2 MRTs in DH are not meant for the residents, they are meant for the office workers and the shopping malls visitors. Twins is purely good for investment point of view, as once surrounding projects are fully built, it can fetch very high rentals due to close vicinity within malls, which has recently been a trend, e.g. Tropicana City Tropics (about RM1,000 psf), Uptown Residences (> RM1,000 psf), Pavilion Residences (> RM2,000 psf), and upcoming Tropicana Gardens (> RM1,000 psf).

The owner occupiers might only use the MRTs occasionally, but its very useful for the tenants, especially expats. Most expat families/couples (even those with very high incomes) make do by sharing one car (provided by company), so having the MRT makes it more convenient.

Twins still offers the lowest entry point into this area at the lowest quantum value (RM950k onwards for a 766sf 1room) and price per sq ft (RM800 psf onwards for a 2078sf 4room).

Twins distance to the 2 future MRT stations (an underground station for MRT line 3) is impressive, check this out https://www.youtube.com/watch?t=60&v=nMoEHrOD3Nw

This post has been edited by value_investor: Aug 2 2015, 02:28 AM

[deleted]

This post has been edited by twinsdh: Nov 3 2015, 12:38 PM

sorry , u wearing underwear and capture?

[deleted]

This post has been edited by twinsdh: Nov 3 2015, 12:38 PM

Does anyone know when will Damansara City be completed? Progress seems very slow??

The shopping mall and condos shall complete by Dec 2015, while the 5-star hotel Clermont shall complete mid-2016.

How's the maintenance at Twins? Is it good?

Management is outsourced to some third-party handling the building maintenance. For the 40++ cents psf i'm paying, i don't see any exceptional services. Hope this will improve once strata title issued.

The management is quite responsive and listen to residents feedback since it's now JMB instead of being handled by the developer. They have totally rebuilt the swimming pool few months ago, and replaced all the wooden pavement in the common area, as well as replacing some faulty transformers. In terms of maintenance fund, there is a huge surplus due to the high maintenance fee and small common area, as well as timely payments by residents.

Why was the swimming pool rebuilt since this is a new condo?

There was water leakage from the swimming pool by the developer therefore it was rebuilt. But now it i ok, no more leakage

What's the density of Twins? Some say 720, while others say 360?

Twins has a total of 318 units, 159 units per block, on 2.2 acres of land

I think those blogs that write 700++ units must be multiplying 318 by 2 towers.

That's quite low density for condos nowadays.

Common area ...



This post has been edited by twinsdh: Oct 30 2015, 07:37 PM

looking gd..how the occupancy? long wait till pavilion mall.. n as i say b4 pavi will acquire damansara cityz mall..

Occupancy is hovering around 60%-70% at the moment.

Damansara City Mall and Offices next door opening very soon and will soon change the environment. Occupancy and Rental prices expected to go up once the mall becomes a pull factor for tenants and companies start operations at the offices.

Interesting though, most that I have sold were actually bought for own occupation, not investement.

Dear Roy,

May I know the general profile of the buyers? (professional, family own stay, locals or gwai lou) ?

Thank you, sir.


This post has been edited by corleone74: Oct 30 2015, 10:40 PM

The easiest generalization I can make is most buyers are from 10-15 mins drive away from TWINS.

Majority are residents of Bangsar, Damansara Heights and surrounding high-end neighborhoods. Mostly Malaysians. The number of foreign buyers can count on one hand.

Some professionals, mostly are actually business owners, and quite a number didn't take loan.

TWINS has layouts from 1room to 4room so its mixed between single and family owner occupiers.

Damansara Height address still smell good. Lol. Twin is likely the worst performer there.

Those who bought from me in the secondary market have all made money =)

They should be making even more after MRT and Pavilion start

Mean it was bad investment for previous owner? Lol...

Thank you for the info, Roy.

Poorly maintained for a supposed high end condo and with high maintenance fees. You also get many students sharing units. They walk in and out as they please. This is the other side of the story corleone.

students! from Help? not bad digs for a student...

Yes, probably 2-3 students per room. Walking distance to class. It's convenient.

Maybe you can be more specific which part is poorly maintained. I have moved in few months, most defects are fixed very fast like swimming pool, yoga room, lift wall glass, car barrier, etc.

Besides most students here are cute little local girls, not some foreign African students. With such low density, how bad can it be. If you see me around you might think I'm student too coz so young, but I'm owner. Take a visit to car park and get marveled by those Ferrari, Maserati and many conti cars.

This post has been edited by twinsdh: Oct 31 2015, 07:01 PM

If you're satisfied, thats good. No need to convince you otherwise. Btw, Ferraris and maseratis in condos could mean the 'daddys' are visiting lah besides i think many of us here dont find the sight of these cars unusual

wow got ferraris?

This post has been edited by value_investor: Nov 1 2015, 12:27 AM

These cars belong to the residents, because i drive into the carpark in my Mercz everyday and seeing them everyday. I'm not totally satisfied, but would like to know what maintenance problems you're facing since im living here and my neighbour is committee member, maybe can give him feedback.

One thing i notice is most of the owners / residents here are quite young, maybe from rich family in Bangsar / Damansara Heights using this as bachelor's pad?

Like I said, as long as you're happy with it. I made my comparisons and went away not too excited about the place based on my own criteria. You were the one who mentioned swimming pool, yoga area, car barrier etc needed fixing (and all this in just the few months you've lived there - so these things were left piled up before action was taken or they kept breaking down?). I was stating my observations and opinions to a fellow poster. Apparently bangsar/damansara condos attract wealthy occupants - who knew!

Those problems I mentioned were due to developer defects and they waited the developer for months to fix them. I have to agree the maintenance fee so high until so much surplus but too stingy to fix small defects even developer is responsible. Sometimes it's just faster to fix ourselves rather than waiting for developer. One time I had to fix the plaster ceiling hole outside my unit even that's common area after waited for 2 months still not fixed. Hey that costs me maybe a hundred buck?


This post has been edited by twinsdh: Nov 4 2015, 12:00 AM

I've created a FB group for Twins Owners only, here we can discuss and shares complaints, events and feedbacks. Feel free to join.

(agents not welcome)

This post has been edited by joejoe16: Nov 20 2015, 06:17 PM

Twins is good condo but heavy construction outside, noisy, dust and lots of foreigners loitering around. Other than that, twins is pretty luxurious and nice design

All of your concerns will be gone once constructions complete next few months ...

BTW, Twins strata titles have been issued recently ... expect prices to go up now!

Next few months? The roads leading to Twins are horrendous and misleading. The entire area is a mess. Not sure when we going to endure these craps

I was at DC Residency the other day. The 2 office towers, have been name Menara Hong Leong (33 Storeys) and Menara Guocoland (19 Storeys). All the Hong Leong Group companies (HLB, HLA, HLI, etc) will be Headquartered an Menara Hong Leong. Guocoland will be taking up a few floors at Menara Guocoland, whereas the other levels will be leased out.

According to Guocoland staff, All the office are expected to move over by August, and the DC Mall is also expected to start operations by then.

Ohh that part is due to demolition work by Pavilion. Yes that demolition will complete in next few months along with Damansara City and MRT station.

Good thing is Damansara City will make sure of that otherwise who is gonna visit their mall?

This post has been edited by value_investor: Apr 14 2016, 03:55 AM

Am considering to buy a unit to live in here. But heard loads of rumours bout this project having poor workmanship etc.

But based on my observation, I believe most issues have been fixed? Maybe left the sky gym carpet replacement.

And a question bout the carparks, are visitors allowed to park overnight from visitors carpark as I do have family driving up to KL overnight.

Please do share on any issues currently being faced in the project besides the noise and air pollution from construction sites.

Yes, TWINS has had its fair share of issues with the developer, but mostly resolved now. It's been 4.5years since completion.

Previously there were also issues with the management, however recently the new management company has brought in a new Property Manager who's been working hard and resolving some of the outstanding issues.

The Damansara City construction is already at its tail end. The residential block is in the process of handing over, the mall is scheduled to open on 25th August, and the office tenants are moving-in in Q4 2016. The noise and dust issues previously faced are neglible now.

The other construction site for Pavilion Damansara Heights is much further away, and Damansara City shields TWINS from the noise and dust from the new site.

Over the past few years, I have sold and rented out many units at TWINS. So far this month, I've had 2 new tenants move in and currently negotiating another rental now. Do get in touch with me for more info on TWINS as well as the best available units for sale at the moment. Tq

is this place a pet friendly place? heard some of my friend friend who rented the place said they heard cats and dogs in the middle of the night.

Consider Twins@Damansara, he says. That project was sold at less than RM1,000 per sq ft a few years ago. Despite its location in Pusat Bandar Damansara and the MRT stations there, Twins@Damansara became a students’ market.It is common, says Ng, to find six to eight students occupying a three-room unit that costs about RM1.3mil to RM1.4mil today because there are no expatriates renting the place.
Rental for a three-room unit is about RM3,500 to RM4,000, says Ng, but in time, rental and value for that location will pick up.
When DC Residency was launched, prices went beyond RM1,500 per sq ft. Now, says Ng, the Malton group is expected to launch more serviced apartments.
A check with the Malton group reveals a range of between RM1,600 and RM1,800 (psf). Just as the MRT is expected to change valuations in time to come, the regeneration of Pusat Bandar Damansara is expected to change the scene at Damansara Heights. So, Twins@Damansara is a jewel, says Ng.

Read more at http://www.thestar.com.my/business/busines...fvEFTQmidU8l.99

It is simply ROI, the faster the better.






Paying above RM 1000 psf is asking for future hardship. There are plenty of options at the price.

Yes and condos such as dc residency n pavi dh are extremely densed in such a small area. Let's see how dc residency performs.

Interesting

Have a few TWINS good buy units on had for sale

Strata Title out since last year, so some owner wants to let go instead of paying stamp duty on MOT

This project gonna be good news for Twins residents https://www.thestar.com.my/metro/metro-news...nd-widening-of/

With this elevated bypass, Sprint highway will no longer pass by Twins building directly.

website nuked
this development stopped?

The development has been completed and standing for years

Try this instead: https://www.land.plus/pusat-bandar-damansara/twins

cool thanks
worth to buy?

Twins is one of my dream

Lol, can escape from paying MOT? My experience was that master to strata title to be issued under owner/seller's name, AND then another transfer to subsale buyer.
Ended up a long wait process to finally close the whole saga.

This post has been edited by seedohbehlei: Jul 19 2018, 09:00 AM