Property market have been slowing down since mid of last year. Actually not only property but its overall market. Its also funny that we keep hearing certain projects sold high percentage, X amount of units within X days. Its not one but it happens quite frequent for the same period of slow market. So which is true?
Here's another news that the latest launch in Kota Damansara is selling like hot cake.
This news is pluck from Starproperty.my
Buyers camp for Emporis launch
PETALING JAYA: Purchasers queuing up overnight to buy a property seemed hardly news in the good old days of property market boom, but in these days, it is an increasingly rare phenomenon, especially in a soft launch event.
SCland Group’s Emporis project at Kota Damansara, which has yet set a date for its official launch, had sold 90% of the duplex suites, 75% of the serviced residences and 70% of the three and five-storey retail shops.
Emporis had held a soft launch event of its first phase of Block A on last Saturday, June 18 at the Emporis Sales Gallery. The event opened to registered buyers has seen buyers flying in from Kota Kinabalu and queuing overnight to seal the deal.
Roy Ong, an investment consultant, 37, was the first buyer to purchase a RM700,000 unit at the event.
He said he and his friend had waited there the night before to ensure they would not miss out on the deal.
Location, price and future property demand in the area were among the factors of his eagerness to secure an Emporis unit.
Pang Swee Foo, 34, said he learned of this event through other buyers and bought a 880-sq ft unit for investment purposes.
He listed mature township, location, transport infrastructure, education facilities and affordability as the reasons of his investment.
Situated at the bustling Kota Damansara, the 6.9-acre leasehold land will comprise of two blocks of serviced residence with 308 units each, retail shops of three and five stories, and one block of 204-unit duplex suites.
The built-up areas of the residential units range from 750 sq ft to 1,047 sq ft with price ranging from RM561,720 to RM959,000. The price per sq ft starts from RM750.
To ensure a good living environment, the facilities deck that spans more than two acres include a 50m Olympic pool, tennis court, basketball court, gymnasium, exercise lawn, seating nests, playground, BBQ terrace party deck, garden pavilion, games’ room, reading room, multipurpose hall, Jacuzzi lounge, herb garden and etc.
The five-storey Market Place with retail spaces ranging from 12,000 sq ft to 20,000 sq ft poises to be a great location for supermarkets, restaurants, family entertainment centres IT marts and more.
Situated at the township of Kota Damansara, Emporis is short drive away from the shopping precinct of Giza and Nexis, as well as comfortable close to the business and commercial area of Dataran Sunway the The Strand.
Segi University, UniKL, Sri KDU and St. Joseph International School were all within easy reach of Emporis, while the established Tropicana Medical Centre promises convenient health care for the residents.y
The development is strategically located at the Persiaran Surian corridor and within close proximity to the Kota Damansara MRT station, which is reachable on foot or by feeder bus.
Emporis is highly accessible via NKVE and LDP, while the proposed Dash highway interchange will provide easy passage to Mont Kiara and Shah Alam.
The development is expected to be completed in 2020.
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