not necessary will happen as we are still not over the limit yet

But people will only start throwing when there is a economy crisis, people who think they have holding power will not do so
when they lost their job in recession or business fail

And people who wait for fire sales will also have less confidence.
In short, you will be in recession if you are layoff

As long as USA continues to print more money, inflation will go on and property price will moving uptrend until one day the bubble burst.
Even burst, nowadays western countries know very well how to sweep under the carpet. The slump will be temporary even burst.

Have a unit to pass on due to the fact that I cannot obtain a loan coz of overcommitment.

545 sf, level 12.

Will pass on all discounts and whatever to the intended purchaser.
Will also pay the cost of transfer (around RM1k), which is still way better than losing RM5k booking fee.

I can also be reached at alexchoowh@gmail.com

Let me know if interested, or if you have friends/family who are keen on this unit.

Thanks a bunch, guys!

This post has been edited by Discord: Nov 29 2011, 10:43 AM

Mind to share/PM the purchase price and rebate..etc..??

Damansara Uptown selling 850++ psf.

Atria...still

condo or soho?

Apparently the retail units are only to be leased.
That way, they can control the tenants, which greatly reduces chances of the mall being a flop.
It will weed out investors, and allow actual tenants only.

Oh on another note, I found out that GSC is one of the anchor tenant.
Another Tropicana City Mall (TCM)? You decide. Let me know your opinions.

As for the pricing, some may argue that it is pricey. Yes, no doubt. But do take into consideration
that this is DIBS. Hence, the pricing now is actually viewed in the future when the project completes.
As a comparison, TCM's current price range is around RM720psf, while Atria's selling price is approx.
RM750psf. There are a few main differences:

1. Atria offers free S&P, while TCM is on your own expense.
2. While Atria is priced at a premium compared to TCM, in 3 years time when Atria completes, do you
still think that TCM will still stay at the same price as now? It should prolly inflate by then, thus making
Atria look more attractive (slightly).


Of course, there are risks to take, like how successful will the mall be? These are just my opinions, pls
feel free to state your arguments, and not shoot me down without a valid reason.

---

Added on November 30, 2011, 12:21 amNeither. DJ's residents' association are against OSK building a high rise residential area.
Hence, they came out with the idea of SOFO, which exploits its grey area. It is classified
under commercial, but apparently can be used as residential. It is also designed to be
residential. Like having a pool: How does that relate to office use, I wonder.

By classifying as SOFO, they get a backdoor pass for the building approval, without
any disputes with the residents' association.

This post has been edited by Discord: Nov 30 2011, 12:21 AM

Not trying to shoot you down blindly, my friend.

First of all, do you know the different between soho and sofo?
I believe you don't, if you does, you will not be stating this here.
You mentioned that it can be used for residential, how sure are you and where you get your fact, SA?
Do you know the exact reason why developer putting the name sofo, sovo rather than soho?

And this has nothing to do with resident association my friend. Just a reminder that if you do not know don't mislead other.

p/s : It is already a wait and see market now, we can tell the market is quiet now by looking at asking price correction, so what the rush?

Feel free to explain.

where u see damansara uptown and selling 850++ psf?

I am letting go a unit of Atria Sofo, 19th Floor (highest floor), 540sf at the original price of RM527K together with the 5% discount and RM5K rebate. My loan was not approved due to some loan issues. I am willing to absorb the transfer fee.

Kindly PM me if anyone of you are interested (serious buyer only).
Thanks a lot!

prices around the market is just manipulated by people/agents. can sell or not, no one knows. a seller can put as high as they want, but can sell or not is another thing or just for the sake of advertising for fun or test market. loan interest still running and continue to serve the interest or other hidden cost.

time is running out fast, very min/day is $$. if dont sell/rent out, indirectly lose $$.

Dont rely on seller price.
the best things is always ask a valuer to value the property to see how much it worth. bank also reluctant to loan out ridiculous loan to borrower, just in case anything happened. a safety net is always there. There is always a guide from the valuer and the seller price.

FOR ATRIA SOFO CONCEPT IS SPOILER DUE TO NO PARKING LOT. BUYING SUCH AN EXPENSIVE UNIT, WHERE DO THEY PARK THEIR CARS? ADDITIONAL HIDDEN COST.

IN KL ALSO DONT HAVE SUCH CONCEPT RENTING CONCEPT. BUYING SEASONAL PARKING SPACE. EVERYTHING IS EXPENSIVE IF REALLY CALCULATE TO MAINTAIN THE UNIT.

FOR THE SHOPPING MALL, WONT SEE ANY GOOD PROSPECT AT ALL and the prices wont be cheap for sure. rental will kill the business there for good.

WAIT AND SEE HOW THE ELECTION PLAY RESULT. BY THE TIME DONT KNOW WHATS THE FUTURE IN PLACE (FEW MORE YEARS ANYTHING CAN HAPPEN or even can change over night)

This post has been edited by lowyat888: Nov 30 2011, 04:07 PM

I would like to remind everyone that SOFO is an office play, office market.

As I said before you'll be looking at upgraders (to SoFo) from those businesses at the shoplots nearby. The success would be highly dependent on the response to Atria Shopping Gallery, where GSC Cinema is a potential tenant (coincidentally GSC office is based at Damansara Jaya).

Kindly do not compare it with other residential-type properties. The upcoming ones at Damansara Uptown are Serviced Apartments (proposed) and Serviced Residences (Ascott).

This post has been edited by accetera: Nov 30 2011, 12:04 PM

Chief, it's doesn't matter whether it's called a SOFO or whatever, or whether it is meant as an office play.

One has to ask - what would be true purpose of the investors or ordinary chums that buy into the Atria? Is it really for office use, or will it be used as a residential play?

I'm pretty sure it's the later, and not the former. Then, the next thing u know - it will magically be termed as a commercial residence, and plonked under the HDA as well. That's how your original service residence started by the way.

On that basis, i see nothing wrong with doing cross polination benchmarking vs. other prop types.

Just different marketing strategic, what ever term call it SOFO etc. Just to make $$. Just wondering is OSK property good in their property product or half past six.

future prospect, it will be a flop for office( over supply of office space) and privacy for residential also very poor (if mixture of office n residential) as well as for shopping mall.

Why suddenly got 2 buyers claimed they can't get loan approval n willing to pass on to next potential buyers?

My questions are

why they never do self assessment on their eligibility?

Why they didn't return the unit to developer?

Now they r many speculators just try their luck to make money. I m very concerned on this worrying trend....

Buy and sell before s&p
I also want

Nothing to flip but makes money. Deal of the century!!!!

if this is service apartment with car park, i think it's a good play
office some more without car park.

Seems like many people letting go giving 5% looking for waterfish
where they get 10% from dev

Looking at vintage_x with 2 post both asking to sell this unit, we know he is agent trying to offload

With such kind of practice, I have decided to stay away from all OSK development though I own shares of OSK properties. Good to question them in the next EGM. Good luck to all the buyers.