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

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GlobalKL
post Nov 24 2011, 07:05 AM

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QUOTE(Gyokumen_Koushu @ Nov 23 2011, 04:49 PM)
me and my partners we bought 3 floors from developer.

i let go @ developer price!
no hidden cost!
no undertable!
we paid 10% down payment on ALL UNITS.

So if you want a bite, kindly give 10%.

I give u 3 things:
1) booking form directly from developer
2) rebate 5k letter from developer
3) rebate 0.5% letter from developer

I DO NOT DO UNDER-TABLE.
All black and white.
*
now we know why it "booked" out so fast....this is not a genuine "sold" out.... doh.gif doh.gif doh.gif

use LYN as dumping ground?
GlobalKL
post Nov 24 2011, 07:07 AM

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QUOTE(wanfongc @ Nov 23 2011, 05:13 PM)
5k rebate from developer.. No mark up, no price increase.. Follow back agreement price.. Choices units.. Cal 012 2191043 for more info...
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why you want to sell it without making $$$? Doing charity kah? cool2.gif
GlobalKL
post Nov 24 2011, 07:08 AM

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QUOTE(wanfongc @ Nov 23 2011, 05:35 PM)
Group investment, many units...
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another excuse? the bottom line is $$$$$$....apa itu, apa ini, at the end is $$$$$
GlobalKL
post Nov 24 2011, 07:11 AM

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QUOTE(Gyokumen_Koushu @ Nov 23 2011, 10:24 PM)
There are buyers. Would have invest more, but there are other projects launching fast in dec.
Thus we have to diversified our portfolio.
You do you math. Thanks.
Buy from developer @ buy from us = same benefits.
Except that if you buy from developer you are probably in waiting listing waiting for other investors loan get declined.
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Buy from developer @ buy from us = same benefits....do you mean you earn nothing from this deal?
GlobalKL
post Nov 24 2011, 07:12 AM

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QUOTE(Phoeni_142 @ Nov 24 2011, 12:26 AM)
I wish the prospective buyers well.
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I wish the prospective buyers double "well".... rclxms.gif rclxms.gif rclxms.gif
GlobalKL
post Nov 24 2011, 08:27 PM

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QUOTE(Kl_property88 @ Nov 24 2011, 06:14 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!! vmad.gif
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how much you need to burn per unit? Any taker for your units?
GlobalKL
post Nov 25 2011, 07:28 AM

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QUOTE(ronn77 @ Nov 24 2011, 05:57 PM)
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.
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call it SOTO...hahaha
GlobalKL
post Nov 25 2011, 07:30 AM

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QUOTE(accetera @ Nov 25 2011, 01:25 AM)
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
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accetera kor, a lot of positive points from you. any particular reason?
GlobalKL
post Nov 25 2011, 07:32 AM

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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
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How can this Atria compare with Mid Valley...Atria land is smaller than Mid Valley....

GlobalKL
post Nov 25 2011, 07:44 AM

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QUOTE(Gyokumen_Koushu @ Nov 25 2011, 12:54 AM)
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.
*
finally the truth is reveal...rebate 10%.
GlobalKL
post Nov 27 2011, 10:00 AM

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QUOTE(walle @ Nov 25 2011, 03:56 PM)
blush.gif  Sideline a bit, Carmen, so wats de update of 260k, near klcc project?
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you are still dreaming of this project? biggrin.gif
GlobalKL
post Nov 27 2011, 10:14 AM

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QUOTE(Gyokumen_Koushu @ Nov 25 2011, 11:47 PM)
Kl_property88
GlobalKL

Up until now, these jokers still totally have no clue on what is going on.
It is rather pathetic, really.
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Gyokumen_Koushu/derrick @ 012 9443 953,

who are the jokers here? and what clue do you expect? Who is more pathetic or desperate now?

Let us see what other foumers said about this "practice"...

http://www.myrealestate.com.my/viewtopic.p...=17149&start=50

linustw wrote:
we should all boycott developers that allow name transfer after booking..

it's unethical.....

kevlos wrote:
I agree. Full support.

This inevitably leads to unsustainable pricing and bubble. Please stop before people get burnt.

mymatthew wrote:
some joker is asking for RM50K commission


So who are the real jokers here? I would let the forumers to decide... whistling.gif whistling.gif whistling.gif


The Atria SOFO suites taken up in a day

PETALING JAYA: Property developer OSK Property Holdings Bhd's The Atria in Damansara Jaya is off to a running start. It sold off all of its The Atria SOFO (Small Office Flexible Office) suites on the first day of launch last Friday.

Eager purchasers lined up at the sales gallery on the eve of the launch, hoping to be the first buyers. The Atria SOFO suites are one of the components of the new The Atria project which replaces the old Atria Shopping Centre, one of the oldest shopping centres in Petaling Jaya. Demolition began in August this year.

Buyers have a look at a model of The Atria SOFO during the launch.

Buyers have a look at a model of The Atria SOFO during the launch.
Besides the SOFOs, The Atria integrated development also comprises a shopping gallery with a gross floor area of 600,000 sq ft and a net lettable area of 450,000 sq ft, including an entertainment facility.

The 5.5-acre freehold project has a gross development value (GDV) of close to RM1 billion. Currently, only the SOFO suites are for sale as plans for the shopping gallery are still being finalised. The suites are flexible and can be utilised either as work or living space.

The 392 units of SOFO are housed in two 16-storey towers above the retail floors and have a total GDV of RM200 million. Built-ups range from 488 to 1,343 sq ft. Prices range from RM360,800 to RM1 million or RM720 to RM1,000 per sq ft.

The facilities at The Atria SOFO suites include a lap pool, jacuzzi, gymnasium, sun deck, sauna, meeting room, sky lounge and garden. The basic units are fitted with air-conditioning and heater points. There are 1,959 parking bays.

Emily Cheng, OSK Property senior public relations and communications executive, said at the launch that the developer was confident the units would be fully sold in three days. But the units were 100% taken up by 4.30pm on the first day of launch. The purchasers were a mixture of investors and owner-occupiers.

"Homebuyers and investors are very selective given the global economic conditions. But property developments in good locations are still very hot," she said.

During the launch, purchasers were given an early bird rebate. Construction will begin next month and is expected to be completed in 36 months.





GlobalKL
post Nov 27 2011, 10:16 AM

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QUOTE(Kl_property88 @ Nov 26 2011, 05:15 PM)
Sorry for being straight forward, i might affect your sales and profit but i just want to tell the truth. Im sorry bro.
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why sorry? different people have different opinion. Agreed to disagree. rclxm9.gif rclxm9.gif rclxm9.gif
GlobalKL
post Nov 28 2011, 02:14 PM

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[quote=Gyokumen_Koushu,Nov 27 2011, 09:22 PM]
You made a personal comment on me saying i makan 10%.
Thus i hereby, openly said we do not make profit from buyer.
Kl_property88
GlobalKL

Up until now, these jokers still totally have no clue on what is going on.
It is rather pathetic, really. [/quote]

Sorry if i offended anyone.
What i am trying to clarify is that:

1. Tower A = Developer give 5% discount.
2. Tower B = Developer give 5k rebate + 0.5% discount.

Developer do not give 10% rebate or whatsoever.
I am being very transparent here. We do no makan "10% rebate".
We gave 5k rebate letter to buyer + 0.5% discount letter to buyer.
Well, again i am sorry i offended anyone, implying that despite the fact i already explained myself clearly giving back full rebate to buyer,
you take me as "other unscrupulous agent who makan 10% rebate".
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[/quote]

Show me where I mentioned about your name and accuse you makan 10%...

I just re-phase what was said by Kl_property88.

Don't put your words into my mouth!

This post has been edited by GlobalKL: Nov 28 2011, 02:15 PM
GlobalKL
post Nov 28 2011, 02:27 PM

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QUOTE(lucerne @ Nov 28 2011, 02:10 PM)
whats wrong when developers outsource their sales arm/marketing to agents?? the cost is abt the same...
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nothing wrong...legally speaking everything is looked perfect, i suppose but morally speaking is another story...

this is a listed company at Bursa Malaysia http://www.bursamalaysia.com/website/bm/ma...rices/index.jsp with stockcode: 6661/OSKPROP

Don't you think it is a bit misleading to ad that all units were taken up ? http://www.theedgeproperty.com/news-a-views/8898.html


but the reality is all unfolded story here?


 

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