For the posters with comments like " Its so expensive, not worth", "MT Kiara is same price so much better" etc have you guys actaully been to DPC? Take your gf or family, go around 6pm, take a walk by the lake, play kites with your nephew, bring bikes if u have and cycle around.....at 7pm go have dinner at raikuzen or the steam boat place @ waterfront overlooking the lake, i guarantee you will change your mind about DPC.

DPC is not a place that you can look at pics and brochures...you must go there...feel the atmoshpere, walk around the area, notice how every one walks or cycles to eat? hardly any of the residents drive..many walk and most cycle

im not a dpc agent etc, just someone who discovered it accidentally 2 months ago cos was invited to have dinner ther...i fell in love with the place...now trying to get a comercial lot there becasue i see big potential..

last weekend i went with a agent to survey all the development...i think for the price..yes..if u compare with BU/PJ, its smaller but in return, you get a very safe area, where your kids can run barefeet with the other children...

No backalleys, developments like zenia/nadia/adora eetc..all have GARDEN instead of back alleys.

there will be NO more landed built at DPS, the rest will all be condos, so ppl who buy now is safe in the knowledge taht they will be holding a appreciating aset

Pheoni,

actually i wasnt refering to your post, i was refering to ppl who never even been b4.

ok some background on my own research, I own a endlot in Damansara Kim, bought end 2007, places i went to research and see house include DJ, Ara Damansara, TTDI, BU, SS3, SS1, SS2

Settled on DK cos to me it had the best combo of easy access, low entry costs compared to DU/DJ/TTDI and quieter with beter parking compared to BU (my unit is facing park)

yup, i fully would appreciate a frank non emotional discussions on DPC

here are pros of DPC compared to Ara based on my own thinking, feel free to debate/rebut

- No more landed development (ie in future when DPC condo residents want to upgrade and stay in same area, they will look at existing landed property in DPC)

- Expat community is growing, the expats love developments like Adorra in DPC, and from what i see the expat communit is starting to grow, koreans, brits, french...when the international school is up, should be even better...ARA is unlikely to attract the expat crowd. As can be seen from mt kiara, expats drive up prices

- already developed, Ara is still in its infancy, yes..if u buy in now and it booms 3 years down the road, the potential for gians is very high...IF it booms, DPC is already proven concept, entry price is relatively high...BUT rental yields are attractive due to growing expat comunity

1. 22x75, with rear kitchen extension
2. 419k
3. own stay

currently, prices for intermediate in DK has risen to 460-480, with endlots like mine last seen transacted at 500k

lowest i ever seen personally in DK, is fren who bought former bangla house for 380k, about 2 months b4 i got mine

yup, u get much bigger land area for DJ, but I personally dun like the DJ area, and i dun like Atria at all...so i prefer to be next to TTDI

agreed about rental yeilds, positive cash flow is more important then % yield. with 20-25% down, 30 year tenure, you can get positive cashflow from Nadia, not much, in the range of 200-500, but still positive.

I believe you can get higher from adorra. but zenia still very new, too many lots available for rental..so hasnt stabilised yet

MK - never beleived in MK, yes, ppl made hudnreds of thousands, my own cousion made over 300k in under 1 year when he sold his apartment to move to US, but i believe the end of the MK bubble is near, supply is definately more then demand and getting worse



This post has been edited by jwrx: Jan 19 2009, 11:01 PM

sry, COCR?

i would say zenia is about 30% accoupied, but i see alot of reno and alot of ppl moving in, adora/southlake/nadia etc all look fully occupied, or at least above 80%. yup alot of specualtors bought the initial units, my agent said majority of her clients bought 4-5 units and ABOVE but now, looks like the real residents/renters have moved in to most of the older phases, only Zenia still looks empty

Too be honest i havnt done that much homework on the rental yields available in dpc yet, but yes your analysis is corect, ie very low cocr

But thats not taking into account 2 facts. 1) COCR isnt our main criteria, we only want positive cash flow for a few years b4 we move in and sell/rent our DK property

2) question of availability, 1-2 years down the road, might come the point where 900k wont be able to get you nadia

hehe keep it comign though...learnt alot in just 2 pages of posts

This post has been edited by jwrx: Jan 21 2009, 09:55 AM

pheni/pai,

yup, get your points loud and clear, just curious, which properties currently would give cocr of more then 10% with only 10% down?

offer letter for a lot in waterfront is ready, DPC just called...so after the discussions here...i might not be getting a Nadia..but i would be at least working there for the time being

come visit my shop when its ready

www.mbe.com.my

targeting mid march open, next to dhobi, sry for off topic

eh? you dig up a 5 year old comment i made? what are you talking bout being proved wrong? i have a shop and a condo unit in DPC, sold my nadia condo last year for about 300k profit, after collecting rental yield of 10+% for 3 years