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

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kelvin667
post Nov 9 2011, 12:30 PM

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I think Uptown also got SOHO, will it be a better bet since pricing are so close?
kelvin667
post Nov 9 2011, 02:33 PM

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In the Paper Write Up, SHC mentioned indicative price $750psf, not sure will increase or not. Expected launch Q1 2012
kelvin667
post Nov 16 2011, 09:57 AM

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i think it selling price comparative to uptown SHC service apartment
kelvin667
post Nov 17 2011, 06:26 PM

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QUOTE(adelk @ Nov 17 2011, 01:42 PM)
Just got an sms, launching tomorrow, but don't think left any good unit looking at the post here... sad.gif
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We shall see if it is still BBB....or will price still will increase 30 - 40% in sort term
from 700psf to 1000psf in 1-2 years time????
kelvin667
post Nov 18 2011, 01:38 PM

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QUOTE(Benny-T @ Nov 18 2011, 11:53 AM)
all sold out
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now we shall wait for the 40% cap appreciation or average $2500 rental yield brows.gif
kelvin667
post Nov 18 2011, 02:25 PM

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QUOTE(angelw @ Nov 18 2011, 02:07 PM)
Sofo stands for small office flexi office so does that means it's combination of office + residential or both??
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That depend on the SPA but soho yes
kelvin667
post Nov 24 2011, 09:33 AM

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it seem like people are getting worried....
kelvin667
post Nov 24 2011, 10:21 AM

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Everybody also tell me they know what they are doing until 1997 when they lost their jobs and business start winding.

Don't see this will happen but a stagnation or 10% adjustment seem likely.

What the rush to get this mickey mouse size house.


kelvin667
post Nov 24 2011, 12:05 PM

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QUOTE(Gyokumen_Koushu @ Nov 24 2011, 11:42 AM)
when can we get along for a drink? i can intro our fellow investors. Some are even below 25yo.
Total = 392 units.
lyn here <10 units.
I would say the stats you referring, would not justify this scenario here.
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Hi Gyokumen,

I don't understand why you say the stat not justify this scenario
what is this has to do with lyn here<10 units unless you control all the 392 units shocking.gif
kelvin667
post Nov 24 2011, 06:02 PM

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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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and it is in damansara not klcc or bukit bintang
kelvin667
post Nov 25 2011, 09:55 AM

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QUOTE(GlobalKL @ Nov 25 2011, 07:30 AM)
accetera kor, a lot of positive points from you. any particular reason?
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There a lot of question need to be answered..

1) they mention gsc and louis vuitton? stated in spa or any black or white? I believe none, word of mouth
2) why not buy a real soho instead of office?
3) why buying at the peak as when market is showing some sign of correction.
4) will there be demand > supply in this mickey house?
5) no car park?
6) who the tenant that can pay $2500 for a 500sf sovo? KDU student? they not even sunway student
7) too many question on the investor club that purchase lower? how are you going to throw lower than them or rent lower than them upon vp?

just my 2 cents...but of course long term all thing tend to go up but is this the best for you? for somebody may be and may not be for someone else
kelvin667
post Nov 28 2011, 01:01 AM

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The problem with this kind of scheme is that those investor actually paid booking fees
and when times are bad and they can't off load, they will just let the small booking fees forfeited... they can't take the bulk and sign spa
it is a hit and run game...especially now showing some sign of cooling
we shall see the massive cancellation if the market is bad and dev will be stranded with all these unit as they are non genuine buyer... it is only the economy will tell who is the ultimate loser here..smile.gif just my 2 cents
kelvin667
post Nov 28 2011, 12:43 PM

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QUOTE(Ambang2 @ Nov 28 2011, 01:05 AM)
Good luck to those people buying pigeon hole at ridiculous price....
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wrong tongue.gif
it is a pigeon hole without a landing bay for the pigeon. so happy flying around and snatch any landing bay with other pigeon sweat.gif
kelvin667
post Nov 29 2011, 12:04 AM

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QUOTE(accetera @ Nov 28 2011, 11:42 PM)
PJ will definitely hit RM1,000 psf faster than expected, earlier than 2014.

Alot of foreign companies shifting to PJ Damansara area.
The european, african and arab expats we have today are no longer the MK/Ampang/Sierramas-type.

They now stay at The Tropics @ Tropicana City and Pelangi Utama... lol...

Honestly the expats we have today are like Msians trying to find some jobs overseas. The expats come here to expose themselves to the Asian marketplace, add to their resume for their future management-level career elsewhere in Asia.

Soon many expats will dash in to get jobs that Msian professionals should be getting but can't.
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With due respect, accetera tai kor, i know you are a pro in this area.
But in what position can we judge any mid term prices less than 5 years where we are unsure of the global economy outlook
where malaysia is vulnerable as well, unless you have a crystal ball?

Yes, expats, but how many? we have temendous supply of soho, sovo and sofo or sotong coming up.
All with high density and high plot ratio, where most dev do not built soho to evade plot ratio and other guidelines.

the question is will market be able to absord this tremendous supply of new breed soho? do we have millions of expats coming in as each project we all talking about thousand of units..

And you are right about the Rm1,000psf, the question is always when and can we rent out at RM2,500 for all these units?

Just my 2 cents
kelvin667
post Nov 29 2011, 09:37 AM

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QUOTE(Ambang2 @ Nov 29 2011, 12:44 AM)
Malaysians have not experienced drop in property price as we have the holding power to sustain. Don't forget current property price is no longer low compared to 5 years ago. I really doubt we still can hold on with our household debts. I foresee many firesales r going to happen in the next 2 years.
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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
kelvin667
post Nov 30 2011, 09:53 AM

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QUOTE(Discord @ Nov 30 2011, 12:12 AM)
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 am
Neither. 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.
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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?



kelvin667
post Nov 30 2011, 11:07 PM

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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
kelvin667
post Dec 1 2011, 10:28 AM

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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
kelvin667
post Dec 1 2011, 04:23 PM

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QUOTE(kkkk @ Dec 1 2011, 11:35 AM)
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 ....
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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
kelvin667
post Dec 2 2011, 10:34 AM

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

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