This is plain overpriced. The MRT as a method of attracting buyers are a major minus point as this is supposed to be a luxury condo.

This is no niche product as d area is jam packed with buildings. Take a look at the occupancy of twins for a sneak parkview of the market here..

Twins is hardly 40% occupied and prices are still stagnant at 800 ish.

This is no Ferrari.

Why the Twins occupancy is so low?

Heard many foreign investors bought n who are in no rush to sell or rent

Also the heavy construction next door with noise n dust pollution

that kind of properties are only for some selected one

the occupancy rate is picking up. the main problem now in that area is the construction

true.. and some of views will be blocked when DC is up although it'll be more convenient for them.

how's DC's sales? is it still going for 1.3k psf?

heard they price it at 1600/sf now

rubbish pricing for average location. anyone of u'll invested here?
Gonna have major mix development with condo opposite Millenium also By pavillion/malton that will be cheaper than this

The MRT and Pavilion 2 and Damansara City are all gonna be the catalysts to lift Twins beyond its RM800-RM900 psf prices soon. Based on my observation, property value will increase once shopping mall is completed. Examples, are One Menerung (RM1500 psf) & Tropicana Tropics (RM900 psf). Low occupancy rate of Twins now is due to surrounding MRT and DC constructions.

You're right so given the choice, would you own 10 Protons or 1 Ferrari? This is the reason all luxury car companies are owned by passenger car companies, e.g. Fiat owns Ferrari, becoz there is NO market! The owner of RM10 mil bungalow may take few years to sell his RM10 mil bungalow, haha, or bank lelong it at 50%!

The mall near PBD by Malton is NOT pavillion 2 as it's small (GFA of less than 500k only). Pavi 2 is in Bukit Jalil (huge mall)

When DC is complete, one can expect Twins to hit 1k psf.
Twins is not a favorite among expats/residents as it's extremely boring to live there i.e. no entertainment/food around (things will get better when both malls/retails are up).

As for now, I can see more long term value in Twins compared to DC residency which has Ferrari features but is ultimately a Mercedes Benz.

The mall in PBD will be about 7 floors.

http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=514885&S=S

we'll look at my quote again in 4 years when the mall is ready.

Small or big, I believe a mall here positioned for the upper segment will work well here. Bangsar Shopping Centre is doing fairly well and often used as benchmark for those doing upper segment retails.

very true indeed... But wouldn't the mall be a direct competition with DC's mall?

late last year some agents are still selling developer leftover units

Yes alot of bosses in menara millenium were invited for twins final release a couple of times.. hopefully no more final release d haha

Kim Realty has been promoting the left over units don't know for how long until their agents also confused liao...even give extra carpark

Beats me a quality condo in Damansara Heights take so long to clear

most units are still going for 750-900 selling price (transacted prices should be slightly lower).
The only ones above 1k psf are the smaller sized units, something that DC can't offer.

Yeah, makes me worried about investors who bought into overpriced new condo's launched elsewhere. Twins has always lacked the commercial part of things..

With the MRT, they might be able to attract commuter expats living elsewhere

This new Pavilion can be called anything, most importantly is, Desmond says it is gonna be even bigger than Pavilion in Bukit Bintang. You have no idea how big the land Desmond acquired? Read more here:

http://www.thestar.com.my/Business/Busines...in-Pusat-Banda/


If have time, stop by Bangsar Village or BSC, you will realize these smallish malls are extremely popular among the most elite people in Malaysia. I don't know why they like them though.

This post has been edited by value_investor: Jul 24 2014, 08:37 PM