Friday, February 11, 2011

Commerce One


Not exactly an exclusive design.

Main attraction? Developer - Guocoland and location - Old Klang Road..

Guocoland Malaysia, developed prime projects including Damansara City in Damansara Heights, Emerald Rawang, as well as The Cirrus in Cheras. Quality and delivery have been excellent. 

And the location... Basically in the middle of all hustling and bustling. I'll give a big fat FOOH! for this.


Commerce One boasts 15 different types of  layout designs and sets prices ranging from RM220,000 – RM750,000 for built-ups of 483 sq.ft. up to 1676 sq.ft. With almost RM450 per sq.ft., considering both location and developer's quality, the price is eventually somewhere there.

New dogs with old tricks, which again:
  • Legal fees for Sale & Purchase as well as loan documents absorbed by developer;
  • Interest on loan during construction absorbed by developer;
  • Low down payment with 5% rebate. 


PropertyFella's Verdict:
If the current construction trend continues, Malaysia's office properties demand is going to be oversupplied in an estimated 3 more years. Unless if you are obtaining the lot for your own usage, I don't really encourage to invest in office properties at the moment. No place is forever strategic. I sense potential high risks.

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