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

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.

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

Alamak...those bought Atria for investment....where is the expart market now.....

Anyway i do not see expart will come to DJ as JAM, Different Level of market compared to MK, Bangsar and KL.

Unless Expart from Africa, Bangla or Middle East....maybe 4 to 5 person in one unit...but also hard because they prefer to other cheaper condo or landed house...

What is the market for Atria??? I just do not really know.....

Yes fully agreed. BU and MD can be a good area with good infra with a lot of good company for expat.

Nowadays a lot really from East Asia and others which come as passer by for experience. These group of expat of course with lower budget compared to those at MK, Bangsar and KL but they able to afford better living as well which as in Tropics (Dijaya corp your emploer).

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Added on December 6, 2011, 10:29 pmOSK should be making a log of money - 850 per sqf some more with shoplots at this area. Buying their share better than their property oh. Getting their share mean 'you' become osk selling Atria to the buyers.

This post has been edited by RomaNce: Dec 6 2011, 10:29 PM