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

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lowyat888
post Oct 16 2011, 02:52 PM

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atria area is quiet and cramp area and if the sofo is completed will be more congested. for investment or rental is not a good idea/return whereby the area is not expatriate area and if the price of the sofo is high, the rental will not fetch high not able to cover the loan + maintenance cost due to to the high price bought.

one thing bad about condo is the recurring maintenance,sinking fees monthly. in the long run will not benefit the owner unless the rental is high.

Rent or no rent have to pay the maintenance monthly, indirectly renting a room

nowadays condo where got cheap when purchase new one. rental is low and very competitive. have not included the renovation and furniture & fitting cost yet, another hidden cost.

another problem is the shopping mall, if the management cannot get hyper market like tesco, jusco, carefour / any cinema etc to come in, will be another flop shoppoing mall like ss2 mall, or tropicana city mall.

Parking is another problem at atria area. very limited and congested

This post has been edited by lowyat888: Oct 16 2011, 02:59 PM
lowyat888
post Oct 19 2011, 02:38 PM

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atria should not build shopping complex there. even hyper mart giant was there previously, the building nobody wants to rent upstairs. not to say new shopping complex with of course high rental. RENTAL WILL KILL THE BUSINESS.

PUBLIC LISTED GAMUDA HQ OFFICE ALSO DONT WANT TO RENT. RATHER RENT A FEW SHOPS THERE.

The shops besides the SOFO , will be able to see across each other, the shops and SOFO. NO PRIVACY. Traffic around there congested during working hours.

OLD SHOPS BESIDES MAKES THE SOFO AND FENG SHUI THERE NOT GOOD. CONGESTED WITH NARROW ROADS IN AND OUT OF SOFO. SECURITY WISE NOT GOOD

This post has been edited by lowyat888: Oct 19 2011, 02:41 PM
lowyat888
post Nov 12 2011, 08:14 PM

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white elephant
lowyat888
post Nov 14 2011, 11:05 PM

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no car park is unless, where to park yr cars? expensive

is the utilities bill (electric/water etc) on commercial rates for sofo?

This post has been edited by lowyat888: Nov 14 2011, 11:06 PM
lowyat888
post Nov 15 2011, 12:59 PM

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just wondering/ worried that the new offices/shopping building will it be a glut/white elephant in the future whereby, if no anchor hypermarket/cinema/pub etc to boost it. eg will be like ss2 mall.
before that giant hypermart was not doing well and no want would rent the upstair floor. business there were like half dead waiting for miracle to comeby even with cheap rental.

but the new shopping rental wont be cheap, best of luck

another thing is the parking space very lack of parking space and cramp.

i thing osk launch the sofo with the wrong concept which dont include parking space and alot of hidden cost addin to it.

no doubt its not an expariate area whereby buying it for investment. investment is totally out.

for reseller, will any crazy/desperate to fork/burden themselves to buy a small space place for an expensive price. % is very low

for own staying, not enough car park for people who have lots of car, car park problem. even have have to pay for it (hidden cost)

Think people is very rich nowadays. is these a golden triangle/expariate/local area?

shops nearby also not doing well, and very jam near the area due to the divertion of lanes/road here n there.
lowyat888
post Nov 18 2011, 04:25 PM

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good people still have alot of $$. buy and wait to fatt
lowyat888
post Nov 18 2011, 05:19 PM

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super goreng time
lowyat888
post Nov 18 2011, 11:38 PM

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why didnt u get one?

This post has been edited by lowyat888: Nov 18 2011, 11:38 PM
lowyat888
post Nov 18 2011, 11:55 PM

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but bank negara is curbing people to get loan. people no $$ to buy expensive property already bcos no enough loan provided due to people net income. closing the water tap already or fishing is over and now its time to retract back the fishing reel. already alot of fishes already

Bank Negara issues guidelines on responsible lending
KUALA LUMPUR: Bank Negara Malaysia issued on Friday guidelines to financial institutions aimed at promoting prudent, responsible and transparent retail financing practices.

The central bank said the guidelines, effective Jan 1, would complement other measures that promote better protection for financial consumers and a sustainable credit market that contributes towards preserving financial and macro-economic stability.

The guidelines require financial institutions to make assessments of a borrower's ability to afford financing facilities based on a prudent debt service ratio as inputs to their credit decisions.

Financial institutions must make appropriate enquiries into a prospective borrower's income after statutory deductions for tax and EPF, and consider all debt obligations, in assessing affordability, it said in a statement.

http://thestar.com.my/news/story.asp?file=...3949&sec=nation

This post has been edited by lowyat888: Nov 19 2011, 12:02 AM
lowyat888
post Nov 23 2011, 10:37 PM

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what will be the price like? inclusive of parking lot etc. more details plse
lowyat888
post Nov 24 2011, 01:23 PM

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first time come across, renting car parks. even kl golden triangle dont have such a thing renting(must be very precious), either have or dont. is the area better off than kl golden triangle area or what?. rental can fetch that high, rental at kl area also drop alot and difficult to rent out even with fully furnish.

rental is totally out as can see.

Funny part is try calling aday before launching at the main office, a lady pick up the call, and ask how much is the price of the condo, and she ask dunno, the person in-charge is having meeting, call back later. when call back later nobody picks up the phone, call afew h/p number also nobody picks up the call. even launching nobody picks up the call.

marketing gimmick have to becareful. even now dont bother to call them, not even bother or hadap anymore. though of not wasting time going there to find out about the pricing. now no need already rclxub.gif

without parking space nobody/customer will come or difficult to find the parking if have more than 2 cars, whether doing business sofo or staying. even as a owner also find it difficult when comes to parking and troublesome for those staying at condo. park along the roadside, dont scare car stolen.

rather stupid or desperate, people buying without thinking, looks like no more land/place to stay already in the country. buyers looks like simply buying like no tomorow, or very rich indeed.

something like this Becareful

This post has been edited by lowyat888: Nov 24 2011, 02:18 PM
lowyat888
post Nov 24 2011, 05:17 PM

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moving to where?
lowyat888
post Nov 25 2011, 03:58 PM

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Funny thing , condo without car park also people want. if car that park further away along the road etc, better dont buy expensive cars bcos theives will be on the look out daily, and steal away the car, even car alarm no use bcos the owner cant hear too far away. thieves will say not to worried take yr time to steal, owner cant hear anything. BECAREFUL OF YR beautiful CAR PARK ALONG THE ROAD daily OR FURTHER AWAY FROM YR PREMISES. INCREASE IN CAR STOLEN LATER or will get SAMAN.

SO NO POINT BUY PROPERTY WITHOUT CAR PARK. EITHER YR WIFE PARK OR U PARK. FIGHTING FOR PARKING EVEN HAVE ONLY 1 CAR PARK.

BETTER GET BICYCLE smile.gif

This post has been edited by lowyat888: Nov 25 2011, 04:00 PM
lowyat888
post Nov 30 2011, 11:38 AM

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prices around the market is just manipulated by people/agents. can sell or not, no one knows. a seller can put as high as they want, but can sell or not is another thing or just for the sake of advertising for fun or test market. loan interest still running and continue to serve the interest or other hidden cost.

time is running out fast, very min/day is $$. if dont sell/rent out, indirectly lose $$.

Dont rely on seller price.
the best things is always ask a valuer to value the property to see how much it worth. bank also reluctant to loan out ridiculous loan to borrower, just in case anything happened. a safety net is always there. There is always a guide from the valuer and the seller price.

FOR ATRIA SOFO CONCEPT IS SPOILER DUE TO NO PARKING LOT. BUYING SUCH AN EXPENSIVE UNIT, WHERE DO THEY PARK THEIR CARS? ADDITIONAL HIDDEN COST.

IN KL ALSO DONT HAVE SUCH CONCEPT RENTING CONCEPT. BUYING SEASONAL PARKING SPACE. EVERYTHING IS EXPENSIVE IF REALLY CALCULATE TO MAINTAIN THE UNIT.

FOR THE SHOPPING MALL, WONT SEE ANY GOOD PROSPECT AT ALL and the prices wont be cheap for sure. rental will kill the business there for good.

WAIT AND SEE HOW THE ELECTION PLAY RESULT. BY THE TIME DONT KNOW WHATS THE FUTURE IN PLACE (FEW MORE YEARS ANYTHING CAN HAPPEN or even can change over night)

This post has been edited by lowyat888: Nov 30 2011, 04:07 PM
lowyat888
post Nov 30 2011, 04:17 PM

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Just different marketing strategic, what ever term call it SOFO etc. Just to make $$. Just wondering is OSK property good in their property product or half past six.

future prospect, it will be a flop for office( over supply of office space) and privacy for residential also very poor (if mixture of office n residential) as well as for shopping mall.

 

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