Real Estates Updates - Sri Damansara and Bangi
THIS ARE JUST CASE STUDIES. Some backgrounds of the projects:
Looking at the prices, location and wondering how the sales doing? Check below.
Forest gumption
According to news announced by the developer, there is a spontaneous balloting after first block of Damansara Foresta sold out.
"By the second day, all the units in Block 1 were gone. People then waited from noon to 6.30pm for the price list of the second tower to go up," said developer Land and General Berhad's head of sales and marketing, Lim Kok Yee. "We had no choice but to open up the second tower for sales and to conduct balloting so that people could pick their units. Sales for the second tower have now touched 80%."
How did they get into this? Look at the other paragraphs of the news:
Interesting? Take a look at some word of cautious too:
The sales for New Sentral of Bangi is surprisingly good too. However, it could be a different crowd.
"I'm proud to share that we are 90% sold and most of our buyers are actually end users, investors and businessmen who have bought the shops for their own use," said Andaman Property Management's head of sales and marketing, Datuk Vincent Tiew at the launch.
"Jakel [Trading] bought 19 shoplots from us where they will consolidate a very big textile city… We also have a lot of buyers who are currently shop owners and retailers in Masjid India, as well as some existing businesses in Bangi"
Worth noting is how the New Sentral of Bangi came about:
"None of the developments since then treated this area as a central commercial development. And since this was the last piece of land to be developed here, the state government said, 'We must make this happen. We want Bangi Walk to be successful and we want to adopt this as the central [business district].'"
Sources:
Damansara Foresta
http://www.damansaraforesta.com/location.php
http://www.thesundaily.my/news/265682
New Bangi Sentral
http://bangisentral.com.my
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Damansara Foresta A large development of up to 3,000 apartments on 42 acres of land. Amenities planned for this development include an abundance of nature trails, tree houses, lookout points and even a flying fox facility and tea house. 
 The units in the first block of this Bandar Sri Damansara hillside development ranged in size from 1,426 to 1,610 sq ft. Prices ranged from RM644,000 to RM923,000, or RM450 to RM570 per sq ft. Follow up news: L&G to launch gated project this year Managing director Low Gay Teck said the ongoing developments include the Damansara Foresta condominium in Bandar Sri Damansara with a gross development value (GDV) of RM700 million, commercial development 8trium in Bandar Sri Damansara (RM700 million) and serviced apartments The Elements in Ampang (RM100 million). http://www.thesundaily.my/news/270767 Bangi Sentral Located in Section 9 of Bandar Baru Bangi, this is a joint venture between Andaman Group and Perbadanan Kemajuan Negeri Selangor (PKNS) comprises a first phase of 86 four-storey shop/offices, and a four-storey shopping centre as its second phase.  All units come with a lift and a lower ground floor for parking, accessed from behind, as well as a full glass façade. The shopping centre is proposed to include a cineplex, bowling centre, book village and IT centre. |
Looking at the prices, location and wondering how the sales doing? Check below.
Forest gumption
According to news announced by the developer, there is a spontaneous balloting after first block of Damansara Foresta sold out.
"By the second day, all the units in Block 1 were gone. People then waited from noon to 6.30pm for the price list of the second tower to go up," said developer Land and General Berhad's head of sales and marketing, Lim Kok Yee. "We had no choice but to open up the second tower for sales and to conduct balloting so that people could pick their units. Sales for the second tower have now touched 80%."
How did they get into this? Look at the other paragraphs of the news:
| A group of young estate agents were sanguine about this project however and personally invested in a few properties with the intention to resell at a higher price. "We were told the developer will raise prices for the next block by 10% to 20%," said one of the group. They were also encouraged by a 2% early bird discount, and other easy-entry incentives, including a developer interest bearing scheme (DIBS). |
Interesting? Take a look at some word of cautious too:
|
One seasoned investor who held back from purchasing a unit expressed surprise at the number of young attendants at the preview. "The amount of loan you would need to take would be about RM700,000. And if you repaid within 25 years, that's still RM3,800 to pay every month," he said, pointing to the repayment table given out by one of the partner banks.
"How many would be able to afford that, once they've paid off the rest of their outgoings, and what if one member of the couple lost their job?" You would also need to consider the monthly maintenance charges, which have been cited as RM0.25 per sq ft. |
The sales for New Sentral of Bangi is surprisingly good too. However, it could be a different crowd.
"I'm proud to share that we are 90% sold and most of our buyers are actually end users, investors and businessmen who have bought the shops for their own use," said Andaman Property Management's head of sales and marketing, Datuk Vincent Tiew at the launch.
"Jakel [Trading] bought 19 shoplots from us where they will consolidate a very big textile city… We also have a lot of buyers who are currently shop owners and retailers in Masjid India, as well as some existing businesses in Bangi"
Worth noting is how the New Sentral of Bangi came about:
"None of the developments since then treated this area as a central commercial development. And since this was the last piece of land to be developed here, the state government said, 'We must make this happen. We want Bangi Walk to be successful and we want to adopt this as the central [business district].'"
Sources:
Damansara Foresta
http://www.damansaraforesta.com/location.php
http://www.thesundaily.my/news/265682
New Bangi Sentral
http://bangisentral.com.my
