QUOTE(R o Y @ Nov 25 2011, 02:22 AM)
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
How can this Atria compare with Mid Valley...Atria land is smaller than Mid Valley....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
Nov 25 2011, 07:32 AM

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