they need more more office space....

In next few years you will see our markets is bombarded with thousands of VP on the SOHO, SOFO, SOVO or whatever they want to call it. Judging fm the price for Atria, I would say they will having tough times to rent out just to cover the instalment they took fm the bank. To know the market well, imagine whether if you are willing to pay for that kind of money to rent such a pigeon hole.

and it is in damansara not klcc or bukit bintang

Rich college kids from
Kdu lo
Got cinema ma

This post has been edited by airline: Nov 24 2011, 06:03 PM

Those "investor club" makan 10% rebate . Thats why they can sell back to the market with original price. Their profit is 10% of the property price.

I booked 2 units directly from developer, and im going to let go my unit and forfeit my booking fee. Better rugi my booking fee than cannot resell or rent at good price after completion. Never do proper research before place booking!!! Mistake!!

Which investor club is this?

Every project also they go in?

You mean OSK Properties a listed company agree with such arrangements? Can query if this is true.

This post has been edited by 1lima: Nov 24 2011, 07:20 PM

how much you need to burn per unit? Any taker for your units?

I think SOFO/SOVO is workable and outperform for Suburbs like PJ compared to KL.

If not why Regus (an international player) in room office want to lease a big space in First Avenue for small offices?

But of course the supply of SOFO/SOVO is the biggest concern, especially Mah Sing's Icon City doing too excessively. Other than that, SOFO is for the next trend of business - personal business and entrepreneurs like insurance man. LOL

You guys are invited to join PropertyTalk @ Facebook Group >>> http://www.facebook.com/groups/115179435202482/

This post has been edited by accetera: Nov 24 2011, 08:49 PM

atria is selling fast... gosh...
anyway, nice location... !

even PJ King also tak brani nak masok.....but there are 300+ courageous bravehearts going in for the kill or get killed....

what is OSK next project. that can flip one?

I am from "the investor club".
Do not make profit from buyer.
Profit from developer.

1: Do you buy directly from developer? Which agent serving you?
2: Developer do not give rebate of 10%.
3: For those who did booking, are well aware of the admin fees the developer charging for cancellation.
4. Means you sign booking but you do not know the terms and regulations?
5. IF YOU REALLY BOOK OFFICIALLY FROM DEVELOPER, booking fee fully refundable + admin fee (around 1k)

Bottom-line, 3 possibilities:
a) You book under-table, not from developer.
b) You did not do any bookings at all.
c) You are full time investor who buy property like buy vegetables. No need to review sales performa.

Suggestions:
1) Pay admin fees | Faster 7-14 days get back booking.
2) Look for buyers before SPA signing.

While Atria is in a pretty decent location, and the developer's plans do look impressive, what is so great about it to justify the price of RM700psf onwards?

Even Jaya One which is better located, has significantly higher traffic, and alot more new developments coming up around it only sold their new phase for RM580psf (office) and RM600psf (residential).

So unless OSK which has ZERO experience with retail malls and an uninspiring record as a developer is able to completely transform Atria, do you think anyone is gonna pay premium price or rent upon completion?

they roped in PJ's first Louis Vuitton store and a Cinema operator.. the future reason to justify HAHAHAHA LOL

but then again some projects in cheras, sunway, subang, kota dsara, other parts of PJ, etc ared surpassed this price so why the big fuss?

looking at the market high end brands are coming to storm the affluent, England-speaking PJ populace. Isetan and Tangs are opening in 1U, and when the MRT completes, wooo Bandar Utama and surrounding Damansara/TTDI home prices will shooooot.

Damansra Uptown condos will be launched at around rm900-1,100 psf next year.

looks like my 1,000 psf by 2014 for most of PJ is coming really true and earlier than expected

This post has been edited by accetera: Nov 25 2011, 01:32 AM

property up too fast.. hard to breath

No matter who they manage to bring in, it will still be a suburban mall.

The other projects in Cheras, Sunway, Subang, Kota Damansara and other parts of PJ may or may not be overpriced as well. But that's a different discussion all together. Lets just compare Atria with Mid Valley. Northpoint residences and offices are going for RM700-RM1000psf, similar to Atria SOFO launching price.

So Northpoint has its RM700-RM1000psf price supported by Mid Valley City being the most crowded mall/office area in Malaysia and future developements such as:
1. Setia Eco City
2. Abdullah Hukum LRT will be walking distance after SEC completed
3. Proposed future MRT

Whereas Atria SOFO's RM700-RM1000psf price is supported by:
1. Future Atria

The MRT will not have a significant positive impact on landed property prices in Bandar Utama and TTDI, more likely to have a negative impact actually. Only condos will probably go up driven by higher rentals.

Damansara Uptown is a total different animal compared to the Damansara Jaya commercial area.
- Uptown is just along LDP and Sprint highway, DJ is in the middle of a housing estate
- Uptown has many MNC tenants, DJ's most high profile tenant is probably just Gamuda
- Uptown is just next to BU which has 1Utama and more importantly MSC status, DJ is pretty close by too... but is it close enough?

End of the day I could also be wrong, there is always a probability that OSK will do a superduper job to turn Atria into a mall that rivals Mid Valley.

Potential Investors will just have to decide if they think the probability is high enough for them to put money in or not

call it SOTO...hahaha

accetera kor, a lot of positive points from you. any particular reason?