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 Why is Damansara Perdana price low?, about RM3xx/sq ft for condo

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Bahkuteh
post Oct 16 2012, 07:24 PM

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Emkay v badly run. Thats why their price is low.
mercury8400
post Oct 16 2012, 07:58 PM

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QUOTE(Asvita @ Oct 16 2012, 09:14 AM)
MK Land to launch luxury hilltop projects in prime sites
Published: 2012/10/16

KUALA LUMPUR: MK Land Holdings Bhd is upbeat on the real estate market and is planning to launch exclusive hilltop developments and commercial projects in prime locations to meet demand, its key official said.

According to group chief executive officer Lau Shu Chuan, the hilltop developments will feature luxury bungalows and town villas.

MK Land currently has nine projects in Selangor, Perak and Kedah.

Its flagship project is Bandar Damansara Perdana, a 303.5ha township development in Petaling Jaya, comprising landed commercial and residential properties.

The Damansara Perdana project is expected to take another 10 years to be completed and is destined to be a premier centre for business and living in Petaling Jaya.

Lau said Damansara Perdana is currently one of the biggest developments in Petaling Jaya, with sales of RM2.82 billion derived from the launch of condominiums, high-end apartments, a range of commercial buildings and semi-detached bungalows.

MK Land is planning to launch new phases at Damansara Perdana, Lau said after handing over keys to its buyers for its The Rafflesia @ Park project last week.

The new phases include The Rafflesia @ Hills and The Rafflesia @ Peak, featuring semi-detached bungalows, he added.

The Rafflesia @ Park, meanwhile, is a residential project with prices ranging from RM2.6 million. Lau said the development is expected to be completed by June 2014.

MK Land is offering a five per cent discount to buyers, with no legal fees on SPA and loan documentation.
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Actually Damansara Perdana is a very strategic location that should command a premium price.
Unfortunately, MK Land has screwed it up big time with shoddy condos and questionable workmanship.
That is why all the condos built by MK land do NOT command a higher price like Metropolitan Sq, Armanee, etc.
They have totally and utterly screwed up the entire place.
If it is managed properly, I don't see why they can't match mutiara damansara, except for the fact that its leasehold.
Bahkuteh
post Oct 16 2012, 08:03 PM

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Looks like once tainted,hard to restore.
jucl
post Oct 16 2012, 10:55 PM

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QUOTE(mercury8400 @ Oct 16 2012, 07:58 PM)
Actually Damansara Perdana is a very strategic location that should command a premium price.
Unfortunately, MK Land has screwed it up big time with shoddy condos and questionable workmanship.
That is why all the condos built by MK land do NOT command a higher price like Metropolitan Sq, Armanee, etc.
They have totally and utterly screwed up the entire place.
If it is managed properly, I don't see why they can't match mutiara damansara, except for the fact that its leasehold.
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Bro, I beg to differ. Though MK Land was never known for their quality, their workmanship to me is still acceptable n reasonable. What impresses me is their landscaping and if you notice they plant a lot of tree at damansara perdana. Most of the shops there are fully rented and you can hardly find parking especially during weekdays.

If you been to metropolitan sq, the podium area is quite impressive. They have 2 pool and 1 glass edge pool and 1 wading pool surrounded by nice gardens overseing pj trade center and the upcoming empire. At ground floor most, of the shops are fully rented. U have citibank, scotia bank. Old town and pubs too.

If you are one of the early msq investor u already make decent capital gain. Rentals are very liquid. You can easily get tenant and yield are not bad too. A fully furnished 1000sf can easily fetch 2200-2500.

Not to forget damansara is also strategical located within pj golden triangle and with upcoming mrt station at curve, I'm sure the value will unleash further.
dominus77
post Oct 17 2012, 05:48 PM

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Hello all. Actually, I agree with BOTH mercury8400 and jucl.

Both of you make valid and correct points.

I am an owner and staying at Metropolitan Sq Condo for the last 5 years. I have seen and experienced first hand the shoddy workmanship of MK Land. Almost every unit (I asked my neighbours and the management staff) have some sort of water leakage problem. The management of the place when it was run by MK Land's proxies (until we formed our own JMB) was poor, to say the least (breakins was rampant).\

However, as jucl pointed out, Damansara Perdana is a very strategic place to stay. I enjoy staying here, with the LDP and Penchala Link at my doorstep, 1Utama & Curve/Ikea just a stone's throw away. Landscaping of my condo is very nice. But also, as mercury8400 pointed out, Damansara Perdana could have been so, so, so much better than it is now. Armanee Terrace 2 (will it ever be completed?), Tropics Shopping Centre which is a virtual ghost town except for Jaya Grocer, the property price which have not appreciated significantly (when compared to Mutiara D'sara and Kota D'sara).

My hope for the future is that when Empire City and Empire D'sara is completed, and is successful, it will push up property prices more, and make Damansara Perdana a desirable place to stay, on a par with Bangsar and Hartamas.

TSwaeguk
post Oct 17 2012, 06:21 PM

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Breakins at metropolitan condo? Thought condo is safer than landed property.

May i know how much was developer price for metropolitan? Want to compare with the new launch prices of today.
Beth79
post Oct 23 2012, 11:49 AM

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QUOTE(CMW123 @ Oct 16 2012, 12:15 PM)
If it's Armanee, please read the analysis in propwall

http://www.propwall.my/damansara_perdana/armanee_terrace_i
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as a resident of AT 1, i have to disagree with the review especially on whether the garden has sufficient sunlight. my garden in growing wonderfully. it is a matter of what kind of plants you get rclxms.gif

Attached Image

renovation was definately necessary as we bought a subsale unit.

AT 1 is a good buy for own stay- price psf is low, units are huge (mine is 2500 sf), duplex gives u more privacy, decent neighbours, nice view, safe i guess (since i see parents allow their children to run around unsupervised), decent security, excellent location for my purposes. cool2.gif

on MK Land, i will not comment. u know i know la brows.gif

This post has been edited by Beth79: Oct 23 2012, 09:54 PM
Asvita
post Oct 23 2012, 04:53 PM

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QUOTE(Beth79 @ Oct 23 2012, 11:49 AM)
as a resident of AT 1, i have to disagree with the review especially on whether the garden has sufficient sunlight. my garden in growing wonderfully. it is a matter of what kind of plants you get  rclxms.gif

Attached Image

renovation was definately necessary as we bought a subsale unit.

AT 1 is a good buy for own stay- price psf is low, units are huge (mine is 2500 sf), duplex gives u more privacy, decent neighbours, nice view, safe i guess (since i see parents allow their children to run around unsupervised), decent security, excellent location for my purposes.  cool2.gif

on MK Land, i will not common. u know i know la  brows.gif
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Finally we got somebody in AT1 say good things. Now we got clearer picture on AT1.. rclxms.gif
one2ka4
post Oct 23 2012, 04:56 PM

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QUOTE(waeguk @ Oct 15 2012, 10:10 PM)
Saw the ad in newspaper .... 26xx sq ft double storey condo selling for RM9xxK

Thought klang valley should be about RM400 to RM5xx per sq ft by now.

Is this area declining?
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you should be happy that price is still low that area sweat.gif
airline
post Oct 23 2012, 04:58 PM

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Price still low?
Beth79
post Oct 23 2012, 10:04 PM

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QUOTE(Asvita @ Oct 23 2012, 04:53 PM)
Finally we got somebody in AT1 say good things. Now we got clearer picture on AT1..  rclxms.gif
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I guess it must have gone thru the initial drama stage. But buying subsale means the previous owner has rectified the initial problems if any. Management here is very helpful IMHO. So far I have no complains. However, lately there has been a spree of minor break ins. Residents here are a bit too relaxed- leaving doors unlocked etc. A petty thief has been going around stealing small items like loose change, watches, hp. Security has been doing more rounds and they are going to install more cctvs. But in all likelihood, the thief is a resident so it will be harder to catch.


Added on October 23, 2012, 10:12 pm
QUOTE(airline @ Oct 23 2012, 04:58 PM)
Price still low?
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AT 1 is still low. About rm300 psf if u r interested. Surprisingly AT 1 sells quite fast. Most of the initial owners bought the units for renting out to expats. Now that the expat market is quiet, a number of units on my floor were going on sale the last 6 months or so. Within 6 months, all the units were successfully sold.

As an investor I doubt I'll buy AT 1 considering it is hard to rent out. But for own stay, let's face it, it's really hard to find an apartment in PJ that is 2500 sf for +/- rm800k.

But I wouldn't recommend AT2. every morning I stare at it and I see no progress. Wonder if it will even be ready by 2015. Damn pity the buyers shakehead.gif

This post has been edited by Beth79: Oct 23 2012, 10:12 PM
Leonardhcf
post Nov 12 2012, 11:16 PM

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QUOTE(ecin @ Oct 15 2012, 10:57 PM)
See the cheap one, grab it quickly  rolleyes.gif
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Condo to AVOiD!!!! (Invest or own-stay!!! Damansara Perdana Exclusive Condo!!! 3 Lift always Breakdown. vmad.gif
ecin
post Nov 13 2012, 10:03 AM

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QUOTE(Leonardhcf @ Nov 12 2012, 11:16 PM)
Condo to AVOiD!!!! (Invest or own-stay!!! Damansara Perdana Exclusive Condo!!! 3 Lift always Breakdown. vmad.gif
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Wow, bad management?
debbieyss
post Nov 13 2012, 07:12 PM

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QUOTE(tikaram @ Oct 16 2012, 01:33 PM)
Why so many pp reply ah this rubbish thread ah?

why flora damansara is RM150psf.....

why kl some low cost house is RM100psf?  is KL not doing good.

Got to see each individual project la. Its concept, its facilities......
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Experienced property buyer like u of course find this topic rubbish. Everyone learns something through asking lots of ribbish question.
SUStikaram
post Nov 14 2012, 09:27 AM

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QUOTE(debbieyss @ Nov 13 2012, 08:12 PM)
Experienced property buyer like u of course find this topic rubbish. Everyone learns something through asking lots of ribbish question.
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I am not very experience la.....sorry lo


happyhome
post Nov 17 2012, 08:29 PM

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Ritze Perdana 2 asking price now already RM760psf(420sf RM320K), rental around RM1600/month for fully furnish. Any comment from you guy?

This post has been edited by happyhome: Nov 17 2012, 08:32 PM
hornbillim
post Nov 18 2012, 10:09 PM

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QUOTE(happyhome @ Nov 17 2012, 08:29 PM)
Ritze Perdana 2 asking price now already RM760psf(420sf RM320K), rental around RM1600/month for fully furnish. Any comment from you guy?
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whistling.gif RITZE 2 is good for invest! especially facing the CURVE smaller unit like 420sf or 505sf! that is a FULLY VIEW of the CURVE! thumbup.gif
happyhome
post Nov 20 2012, 01:16 AM

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QUOTE(hornbillim @ Nov 18 2012, 10:09 PM)
whistling.gif  RITZE 2 is good for invest! especially facing the CURVE smaller unit like 420sf or 505sf! that is a FULLY VIEW of the CURVE!  thumbup.gif
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Totally agree with you, i got few property agents friends told me once they got vacant unit for RP2 can easily rent it out
because they have a lot of enquiry from individual & also "big company" wanted rent for thier staff.
| KENZO |
post Nov 20 2012, 01:39 AM

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QUOTE(Leonardhcf @ Nov 12 2012, 11:16 PM)
Condo to AVOiD!!!! (Invest or own-stay!!! Damansara Perdana Exclusive Condo!!! 3 Lift always Breakdown. vmad.gif
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The condo name is Exclusive Condo?



happyhome
post Nov 21 2012, 02:08 AM

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[quote=ceveori,Nov 20 2012, 01:52 AM]
Perdana Exclusive.


Added on November 20, 2012, 1:54 am

Totally agree with you, i got few property agents friends told me once they got vacant unit for RP2 can easily rent it out
because they have a lot of enquiry from individual & also "big company" wanted rent for thier staff.
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[/quote]

Why do you reply your own post? rclxub.gif
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[/quote]

i am agreed with hornbilllim, why did you said i replied my own post??? rclxub.gif


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