Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Investment DC RESIDENCY @ DAMANSARA CITY [MRT PROPERTY], Upscale landmark project have started...

views
     
Babizz
post Jul 4 2014, 08:58 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
heard only 30-40% of the units are booked at 1500-1700 psf according to the Star. anyone wanna comment on that?
Babizz
post Jul 22 2014, 08:31 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
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.

Babizz
post Jul 23 2014, 10:01 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(kh8668 @ Jul 22 2014, 07:55 AM)
the occupancy rate is picking up. the main problem now in that area is the construction  laugh.gif
*
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?
Babizz
post Jul 23 2014, 10:51 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(kh8668 @ Jul 22 2014, 08:23 PM)
heard they price it at 1600/sf now  sweat.gif
*
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
Babizz
post Jul 24 2014, 08:16 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(value_investor @ Jul 23 2014, 04:39 AM)
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.
*
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.
Babizz
post Jul 24 2014, 10:11 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(accetera @ Jul 23 2014, 07:54 PM)
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.
Babizz
post Jul 24 2014, 10:25 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(accetera @ Jul 23 2014, 08:15 PM)
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?
Babizz
post Jul 24 2014, 10:55 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(kenji1903 @ Jul 23 2014, 08:40 PM)
late last year some agents are still selling developer leftover units sweat.gif
*
Yes alot of bosses in menara millenium were invited for twins final release a couple of times.. hopefully no more final release d haha
Babizz
post Jul 24 2014, 02:54 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(frozenne @ Jul 23 2014, 10:55 PM)
Twin already rm1k psf
No need wait mall
*
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.
Babizz
post Jul 24 2014, 03:05 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(CMW123 @ Jul 24 2014, 12:43 AM)
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
*
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
Babizz
post Feb 7 2015, 11:45 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
Source: https://www.facebook.com/MYRetail.Insight

Damansara City project developed by Guocoland, consists of;
- 2 Grade-A Office Towers with GBI, LEED & MSC certified status. Each office tower called "Guocoland tower" with its 19 floors and "Hong Leong tower" come with 33 floors. Approximately 4,500 HL staffs will be shifted over to this new "HongLeong" tower.
- 4 Storey Lifestyle Shopping Mall (311,000 sft GFA).
- 5-Star Hotel (Clermont hotel).
- 370 units at DC Residences with 28 floors.
- Approximately 240,000 population and 100,000 working population within 2km radius.
- Surroundings by fortune 500 companies; Caltex, CB Richard Ellis, Shell, HP, Ogilvy & Mather.
- Accessibility; Spring, Kerinchi, Penchala link & future MRT station

Like https://www.facebook.com/MYRetail.Insight for more Damansara City pictures n retail updates
Babizz
post Jun 13 2015, 11:04 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
Pre launch, VVIP launch duno how many times already..struggling to sell 1500psf.. even 1300psf is high given this is a VERY high dense area!
Babizz
post Jun 13 2015, 11:41 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(bigman @ Jun 13 2015, 09:32 AM)
a lot of people already tired with "INVESTMENT"....now shift to own stay....

many rich aunties n uncles  now putting their cheques in The Park @ Bkt Jalil....this one...too tired n too expensive...u will never think to stay at this kind of environment... blush.gif
*
Yeap.. too many buildings thr n a lot of noise suffering coming soon.. I think the density in this area wil be highest in Malaysia when pavi Dsara is complete... very claustrophobic leh blush.gif
Babizz
post Jun 13 2015, 11:49 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(HarpArtist @ Jun 13 2015, 09:41 AM)
if this one hard to sell then pav how?
*
Pavi branding mah.. U wana buy there so thrs 1 less unit to sell cry.gif cry.gif cry.gif U can put any branded fitting inside but this DC is still DC n not pavi brows.gif Pavi may jus launch at Rm1.5kpsf n burn this DC badly!
Babizz
post Jun 14 2015, 12:23 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(HarpArtist @ Jun 13 2015, 10:05 AM)
i wanna buy many places but no bullet tongue.gif  maybe this DC plays mid-high to pav's high-luxury.
*
DC should be luxury but dev reputation plays a role in lux products.. 1 menurung is 4.4m although it looks like a mid end condo from afar (inside veli green n nice)..

QUOTE(bigman @ Jun 13 2015, 10:18 AM)
Better choose KL sentral... Location, public transportion hub, office tenants oledi win .... With similar price
*
Yeap.. Office tenants in KLSentral is top tier (same as KLCC level).. I see suasana loft occupancy very high but privacy is low.. Some dnt like it thr cos too crowded/too many commuters hmm.gif hmm.gif
Babizz
post Jul 10 2015, 08:57 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(spydermind @ Jul 10 2015, 06:54 AM)
According the news, 60% take up rate from foreign investor and half of those from Singapore. Instead of saying that this is a clear sign of investor confidence on Malaysia, to me This is a clearer sign of how shitty our currency is !!!
*
clear sign of how overpriced this prject is.. every fair sure got promo n selling 1 bedroom for more than 1mil.. Btr wait for pavi damansara heights brows.gif
Babizz
post Oct 1 2015, 01:43 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
malaysia retail insight reports that Pavilion REIT will be acquiring damansara city mall..
Babizz
post Nov 18 2016, 10:48 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
very interesting to see how this apartments perform post vp. Office towers will be occupied by chinamen company n pavi dh will be in full swing construction.

Anyone visited the mall lately?
Babizz
post Mar 1 2017, 09:53 PM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
QUOTE(BEANCOUNTER @ Mar 1 2017, 06:51 AM)
this is usually the case. If majority of owners used for resi, JMB will help to convert.

Pavillion dsara maintenance fee lagi keng chou....like 80sen or rm1 psf.....
*
even worse is pavi dsara's number of lifts bye.gif bye.gif when is this dc residency vping?
Babizz
post Jan 12 2018, 09:18 AM

10k Club
********
All Stars
12,528 posts

Joined: Feb 2013
noticed rock bottom rental here. must be doing very bad?

2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.0234sec    0.31    6 queries    GZIP Disabled
Time is now: 14th December 2025 - 08:54 PM