I do not think this is a good project and worth to purchase.

Sofo = ??? Can stay or cannot stay..just depends on the future...
Sofo = office = over supply flip also hard
RM850 psqf...where is the rental yield?
DJ so congested, how people going to squeeze into this new project?

If paying RM850psqf for this Sofo why not paying RM490psqf for Bandar Utama Centro - RM570k for 1170 unit. This is the cheapest i found among all new projects since a year plus ago but i also give up...no rental yield too.

I strongly believe Yr2012 will be a correction year for property, latest will be YR 2013. Many new units out into the market without good rental which owner will suffer and throw price, then sell it cheap and cut loss or even Auction!!

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Added on December 1, 2011, 12:48 amTake an example:

540Sqf - RM527k.

527k - 10% = RM474,300

RM474,300 loan amount plus legal fees and etc about RM RM490k --> Installment roughly RM 2,300.

Installment 2300
Maintenance RM200

Total monthly pay out RM 2,500 (Mont Kiara price by expartriate)

The Tenant need to pay RM 2,500 for 540 sqf unit (room) per month or RM83.33 per day = budget hotel charges

Can this unit fetch this rental to cover the monthly payout?


Take the calculation the other way.

RM 527,000 x 6% yield per annum = RM 31620/year = RM2,635 per month.
This unit cant even hit 6% rental yield.

If the rental only RM 1000 (hopefully able to fetch RM1000). Rm1000 x 12 = RM12k per annum. Rental Yield = 12k/527k = 2.27% <--- the investor or owner going to be in deep shit.

How many single excutive / couple able to pay for rental of RM1000 per month for 540sqf unit? Can they share with other friends for condo such as tropics, ken 1, ken 2, jasmine tower, pelangi utama 1 & 2 with RM 500 per room?

For your infor, Crimson apartment rental = RM 1000 for 800sqf unit with 3 rooms.

This post has been edited by RomaNce: Dec 1 2011, 12:53 AM

Atria SOFO is an office play. Not a residential.

Small office for those above shoplots. Carpark not provided.

Good for those who invest for flip, flip. But I won't invest in such real estate because risk is normally higher.

More projects coming to PJ Damansara soon, and eventually the price will break RM1,000 psf, as one developer claimed it will make it happen very soon due to construction boom next year. =)

This post has been edited by accetera: Dec 1 2011, 01:32 AM

majority just want to flip. They don't really care about the long term rental yield lah... i think.

well....let's see if the construction boom turns into an inward explosion for these hotshot developers

last time, when boom time, just build more....

when down time, abandon project...

but now if abandon project, can get into jail right?

Rm1,000psf...it will definitely reach
the question is always when?

I believe not going to be in the coming fews year
How much more we can push the limit

Looking at the data, our prices are pushed up in a short period of time
and this is not healthy, even some near klcc not dare to ask for RM1,000psf
PJ icon city is asking for 950psf, if free, feel free to check out their sales
then we know if market are ready for 1,000psf next year

u r very outdated, some near klcc not dare to ask 1k psf ???? when and where u get this info ??hoho

banyan tree, asking already 2k psf la ....

This post has been edited by kkkk: Dec 1 2011, 11:36 AM

Flip normally will kena one day because do not have back up cash to hold it and not long term.

Jail -- is government gimmik oh. Those building this sofo or any other property normally by subsidiary and not owned by the owner...they can use anyone to be a share holder and small paid up company. Therefore still not controlling the situation unless jail the mother company share holder then is good.

I just want to see how PJ area can go up to Rm1000sqf and who dare to go in. Even KL RM1000 per sqf also die. Malaysia has small population not other countries somemore little foreign investment...how to push the price up.....only speculation. Therefore whoever buy and flip without holding power, once completed will facing the problem.

sorry mate
tat why i say some....not direct opposite
example

mcity - only about 650 - 700psf
element - 700psf
embassy view - also around 8++psf

and that expats area
so what is damansara to expats

Damansara is k lei fei to expartriate or only for k lei fei epartriate which enjoy the jam with some garage and old shops.

nonsense

HDA is enforced since 2009 for all residential projects.
Where all business owners are require to register to government.
Jail = gimmick.
Fact = these owners paid a certain premium for insurance coverage to government.

Should anything happened to the project (eg: abandoned), government will assign other developer to take over the project via the insurance.
Thus, protecting buyers from becoming victims.


True.

So any anyone bought so far from this sellers online?

let's wait for SHC one at uptown
i think it is a better play..

Yeah managed to sell mine yesterday. Passed on all the discounts included.
Demand is still there, no doubt about it. What ppl see here is their own opinion.
If the ppl here see it as good, then go get it. If they think it is a flop, why try
so hard to convince ppl that it is gonna be a flop? I still don't get it.

As to SHC's one, it is the same style according to sources. Gonna have no
car park either.

Totally agree 101%. at 2.27% returns (and this is gross not yet include maintenance fees, etc) investors better put their money in FD whioch yields anywhere from 3-4% p.a.

If for office play, wrost still. How many of those small lawyer firms or accountant firm are there. M'sia is not an open economy like SG or HK. Sure become another white elephant if developers are not careful and i am not very confident with OSK property since they have not much track record of building value for their properties. They are more like the chinaman type of company i.e. squeeze as much as pissible from the buyer then dissapear.

they are selling for 850-950 psf. Still BBB??????

This post has been edited by karma888: Dec 2 2011, 04:16 PM

bbb!
And i thought that Altium @ damansara perdana, "is already having exclusive psf" < 830, with msc status....

if is RM100 psf increase why not
it' service apartment and i think the chances to rent out to expat is higher since so many office there
I believe they will provide car park as this is residential play

anyway where the source that say this is without carpark
normally unit without carpark only applies to office

I hope the price won't reach 1mil ..