QUOTE(Cavatzu @ Sep 30 2022, 11:42 AM)
Your big assumption that it’ll be fully occupied. It could go the other way where if tenancy is weak and the commercial completely dies ala 3 Damansara.
And u r making the opposite assumption.
Assuming the occupancy is insanely bad. Aka 30% occupancy. Thats 3k units. However existing residential soho units in empire city have high occupancy. 2.5k units
So that would assume that of the 8k units that will likely be there at 2027, only 500 are occupied. Essentially a ghost town.
Exsim would have to go bankrupt in the middle for that to happen. Which is kind of what happened to empire, hence the mall wasnt able to be completed. Rather than it being a failed mall.
Say occupancy is bad at 50%. Thats 6.5k units there.
13k ppl is still nothing to sneeze at.
However, is this a rational assumption? Damansara perdana is adjacent to 3 affluent neighbourhoods. Kota damansara, bandar utama and mont kiara. 4 if u count desa park city above. Essentially its encircled by affluent neighbourhoods.
It will be serviced by 2 major highways. Ldp and dash. As well as the other connecting highways.
An irrational assumption. Even existing developments are fairly well occupied.
However, is it likely that there will be a huge oversupply? Almost a certainty.
Even then, if occupancy is at 50%, its unlikely to stay there for long.
Personally i wouldnt buy dcp due to the oversupply.
This looks kind of like jalan ampang 10 years ago.
Although the locations seems substantially better.
However, there is only 1 mall at walking distance to this dense population.
Im pretty sure the ppl staying there have some sort of cashflow. These apartments arent that cheap afterall.