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Investment PAVILION DAMANSARA HEIGHTS, Pavilion Group brings Leonard Design

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Cavatzu
post Jul 11 2022, 02:01 PM

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QUOTE(hopeful forever @ Jul 11 2022, 12:34 AM)
I heard this pavilion damansara heights proiect, many people (more than 60%) buy for own stay.
Coz if u buy to invest, the numbers cant stack up in terms of ROI.
Hence most buyers buy for own stay esp those in damamsara heights and bangsar.
Many decided to opt to stay here and leave their semi d or bungalow houses as these landed properties are too large for the older couple to stay and maintain after their children have all migrated overseas leaving their old parents behind.
These older couples generally prefer to stay at damansara heights rather than stay at pavilion bukit bintang which is at the heart of the CBD.
With a thriving mall downstairs and the convenience of TOD, it gives the conveniences for own stay buyers to live in this exclusive address.
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For people who can afford to, I think the pandemic has turned off a lot of older folks from downsizing to a unit as they are very sensitive about density. Instead they will retrofit and renovate the family home for their current needs.



Cavatzu
post Jul 11 2022, 05:29 PM

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This was a trap for Hongkies and people who don’t know the area. The spaghetti junctions here are an eyesore. The commercial is lack lustre and if you could afford 1.5k psf then there’s better options. Better yet build your own.

The SA’s marketing spiel is out of date. Please revise your sales script to more relevant times.

This post has been edited by Cavatzu: Jul 11 2022, 05:33 PM
Cavatzu
post Jul 12 2022, 06:22 AM

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QUOTE(wotpian @ Jul 12 2022, 12:22 AM)
Think many hongkies still like desa parkcity and mont kiara areas, coz more compact lifestyle... mostly walking distance for their daily need.

Surrounding here mostly office towers. During weekend & holiday this area like a dead town. Hope PVDH can make a change here.

The advantage here it has 2 mrt stops. DH and semantan stop.
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I saw Pavilion’s video in Cantonese saying how classy and prestigious it is. If that’s not an SOS for Hongkies I don’t know what is. You can’t deny DH is still an old money area where as DPC is still Kaptong. It’s the correct marketing for this area. I’d go one step further to stress the fact that you won’t have riff raff for neighbours staying here and paying my asking price.
Cavatzu
post Jul 12 2022, 09:57 AM

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QUOTE(LoTek @ Jul 12 2022, 09:43 AM)
Would you say that Pavilion Bukit Bintang (pricier than here) has no riff raff tenants for neighbours? 😂
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I didn’t say that. I mentioned it would be my approach to marketing. Many who are filthy rich have gotten it through ill-gotten gains of which we’re well aware of.
Cavatzu
post Jul 12 2022, 12:08 PM

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QUOTE(PAChamp @ Jul 12 2022, 10:04 AM)
The mall there is very quiet. Office workers there are crying out for budget food as there are mainly pricey eating outlets there in DC mall, so most office workers bring their own food. Yes, as some commenters have mentioned, crowd is mainly from the offices. No weekend crowd. Will this change when pavillion is up?
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My understanding is that this will pretty much serve as a neighbourhood mall for Dsara Heights ppl as they don’t really have anything closeby for convenience without having to schlep to Bangsar or MK.
Cavatzu
post Jul 12 2022, 04:57 PM

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QUOTE(a16791 @ Jul 12 2022, 04:13 PM)
Another school of thought would be if another lock down happens again people don't have to worry about travel within x km for their groceries , food etc . Just walk down would do .
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At a given level of wealth, convenience is not an issue it’s about safety and longevity. More likely it works for dinks or expats.

Not that this Mall is particularly great. Moneyed locals still want to eat wan tan mee at their favourite stalls.

This post has been edited by Cavatzu: Jul 12 2022, 05:33 PM
Cavatzu
post Oct 10 2023, 06:53 PM

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QUOTE(xander2k8 @ Oct 10 2023, 03:23 PM)
It will not do well but it will survive for long term due to office tenants there and the surrounding areas
It is just another copy and paste project 🤦‍♀️ with different exteriors and do you think what make the mall more exiciting these days when everything is commercialised
DC Mall is a failure from the get go 🤦‍♀️ because of expensive rents and they unwilling to lower for the big retail names

Pavilion Damansara will be different story because of the linkages with MRT and Residential and offices as it will definitely do better than DC Mall anytime
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This can do well with the right shop mix. They can go super atas and price all the commoners out. This one should be built to appeal to Bangsar, Damansara Heights, Bukit Tungku crowd. The rest will come to pay for overpriced food.
Cavatzu
post Oct 11 2023, 04:46 PM

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QUOTE(bigman @ Oct 11 2023, 01:48 PM)
Current malls that still half survive half dead:

1. 3 Damansara (Tropicana City Mall)
2. Brem Mall Kepong
3. Glomac Damansara Mall
4. South City Mall
5. Damansara City Mall
6. Seventeen Mall
7. Summit Mall
8. Da Men
9. Endah Parade
10. ............

Feel free to add...
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Look to be fair all these malls are neighbourhood malls built for convenience. There’s nothing outstanding about them. They are just a collection of shops and people were weaned onto delivery services during Covid. Is there any wonder they are struggling? If even grocery stores can zhap lap in a mall what hope is there?

 

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