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Investment ATRIA SOFO SUITES @ DAMANSARA JAYA, by OSK Prop Holdings Bhd

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BEANCOUNTER
post Nov 19 2011, 12:17 PM

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this one is SOFO....not allowed to use as residential, technically!
BEANCOUNTER
post Jun 3 2015, 10:32 AM

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kochin...

SOxO not only benefited developers....yes its much easier and cheaper for them to sell and build....

but for investors...its also a berri good product....cost lesser than full fledge resi units....min reno...then can rent out as resi.....who cares if the toilet wall tiles fell in the middle of night (such as empire damansara case)....hey...you got a bargain rent here in super wong damansara address....suck it up.

and more important....its also berri 'affortable' for ownstayers too...low entry cost.....small living space hence you dun need to clean up and do all the unneccesary things to a resi unit....easy....
BEANCOUNTER
post Jun 28 2015, 02:31 PM

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QUOTE(fightingdragons @ Jun 28 2015, 06:52 AM)
It's interesting that Citibank refuses to give out loans for SOXO purchases. They probably see that segment as very high risk.
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internal policy nia....these foreign banks berri kiasi one....same with HSBC and StdChar......they are not too interested in housing loans most time or not.....unless they are dealing with their high networth customers..
BEANCOUNTER
post Jan 6 2016, 09:22 AM

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QUOTE(Chris Chew @ Jan 6 2016, 02:19 AM)
+1

This is what as per my understanding too.
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I beg to differ.

Sofo/Sovo enables buyers to get LTV80/85 even after 2 loans, instead of residential title LTV70 or lower.

Usually small pigeon hole units....easy entry for 1st time investors

Can rent out easily for resi purposes....eg. summer suites, MyPlace, and ED...the 'studio' block....

there will be many more of such Sovo/fo vped this year......

oh.....Setia Alam Trefoil as well....memang SoFO.......but don't know how many people have moved in to sleep overnight....

This post has been edited by BEANCOUNTER: Jan 6 2016, 09:25 AM
BEANCOUNTER
post Jul 8 2016, 01:22 PM

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QUOTE(kochin @ Jul 4 2016, 09:02 AM)
Forgive them father for the owners have sinned.
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whoa...nanti some groups will make a big fuss over the crosses...... bruce.gif
BEANCOUNTER
post Jul 8 2016, 01:23 PM

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QUOTE(Leon666 @ Jul 8 2016, 01:14 PM)
inside news, one by one the shops are going to close down.. reason not enough traffic on weekdays. Weekends are good, but weekdays are dead.
Pizzolo pizza already close down... sad to say.
some of the shops are not even paying rent and atria management are getting their rent thru their sales... but if no sales? how to pay rent and pay workers??
spitafield restaurant have already close down half their shop. it was 2 shops at first.
hope the management can reduce the rental as the rental is the killer for all business owners.
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everywhere the same lah......

everybody wants to dip into FnB biz....

Malaysians only like papparich oldtown kfc mcd and secret recipe only...and starbucks.

This post has been edited by BEANCOUNTER: Jul 8 2016, 01:24 PM
BEANCOUNTER
post Nov 3 2016, 11:36 PM

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QUOTE(jonathanho @ Nov 3 2016, 11:26 PM)
Actually all small mall will nyawa nyawa ikan in next year... big one will suffer as well but wont reach nyawa nyawa ikan level la.

Mall have been build too many and too fast for the market to absorb la...

Last time when say PJ only will think of One U... now u have Ikano, Curve, One U, Trop Mall, Paradigm etc... coming somemore got empire mall and starling... Mana boleh tahan la...
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Asiajaya and jaya @ section 14 were the 1st mall.....keke

Asiajaya also got ice skating ring leh.....
BEANCOUNTER
post Nov 4 2016, 11:44 AM

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QUOTE(Waverp @ Nov 4 2016, 10:35 AM)
I stay around atria. Weekday=dead, weekend= alive but not great. Most of the F&B are still doing good,but for fashion boutique not so good news.
Honestly, once starling open, that will be my hangout area de. More parking(once atria sofo suite open, alot harder to get parking), more variety, should be more lively compare to atria.
Cant believe there are still trying to promote atria. Admit it la, the mall is half dead. Its a mall, not food court. Both f&b and boutique have to do good.
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this atria...from kimisawa to yaohan to parkson...

now who is the key anchor tenant?

history already proven tak boleh jalan even thought atria was the only mall in this area beside Fajar....

 

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