I'm starting this to gauge the public's perception and feedback on this project. Some info"

1. Developer: Sunrise
2. Type : Commercial (Shoplots, 1000 office space, abt 800 service apartment), One office bloc sold en-bloc to TM punya anak's company
3. Price : Shoplots (2.5-8M), office (55psf), Svc apt (400-500psf) - got a few developers unit left.
4. Location : Opposite Duta Nusantara and Duta Tropika.

Anyone there?

one word --> EXPENSIVE ;p

My perception of that area, also summed up in 1 word --> Speculative.

It's pricey but I suppose the Court give rise of 'premium' to the area. That prompted me to own offices. During the time I bought, i was informed 2 of the top 3 Big Lawyers firms own the 2 whole block (reserved only for en-bloc purchaser). My wife is a lawyer, that's how i got to know it's the top lawyer firm. According to my friend with Ayer Hitam group, that piece of land was sold to Sunrise at about RM300 psf. (that's almost 8yr ago). Somehow I should term this area "functional" + "speculative". However, once it;s established I foresee that would be another round of speculative as law firms owner will tend to move-in.

Disappointedly the Rental Price is not attrative in view of current scenario.
But if you buy it at Developer price + with rock-bottom BLR, the rental is enough to cover the instalment as to maintain it until next round of uptrend. At the moment, the selling rate at RM480psf (market peaked at RM580psf, i purchased from developer at RM408 psf). That still maintain 20% capital gain.
Based on your capital of 20% downpayment, your ROCE at the moment is 98%. Peak was 211%


the Rental is a REAL shit.... as it peaked at RM3.80 psf and now marketed at RM1.90psf..... !!! that's real KNS


Lesson I learned :
I was given options to own 1 corner unit sized at 2,080++ sq ft or 3 units-in-a-row x 700sq ft = 2,100 sq ft. But I opted for 3 units in a row as it helps in flexibility to rent out each unit by each unit especially to those newly start-up law firm.
Anyway let's hope the NEW PALACE will add premium to the area.


Conclusion :
It's FREEHOLD land ... in KL ..... definitely wouldn't DIE like properties in Bkt Beruntung / RAWANG.


anyway this is my 0.5 sen of my first investment in commercial property.

If it was me, i would bet on a commercial property in Mont Kiara. And i would take up the corner lot and rent it out to a mamak stall! Haha. Atleast corner lot wont die. But i didnt know about this place until quite late. And yeah its expansive.

Whats that place in Mont Kiara that launched at 1m then went up to 2m upon completion?

Mont Kiara Salaris

ah... tht's the other area .... i have to bang my own ball ... I missed tht.... it was all sold out before I bought Solaris Dutamas.....

Now the Solaris MK ...looks happening ... it was dubbed ...next Bnagsar-happening-place...

even it's comparative quite now...but give another 1~2 years..... that place is happening....

I'm eyeing Mayland's commercial property opp Plaza Damas..... anyone can share opinion on that area....

I believe reputation and credibility is no where near Sunrise...

I'm still new in property investment but I'm seeking for property mentor.

Arigato...

Hi all, find out some update of Solaris Dutamas development @ the following website.

www.solarisdutamas.webs.comwww.solarisdutamas.webs.com