Was at Desa Parkcity the other day, so I decided to hop into the sleek-looking sales gallery at DPC to check on the sales status of their latest condominium offering, the Northshore Gardens. Without the assistance of any show unit, they have managed to rake in an impressive sales of 90%. Initially I was rather skeptical, as they have blocked out about 50% of the units and labelled them as Phase 1, which they have sold out. Whether it’s just to be released later, that’s another question. But looking at their revised brochure, they have only included floor plans of the units that are not sold yet.

As usual, the sales persons at DPC were frosty, cold and bordering snubs. The salesgirl attended to us was not remotely interested. Maybe because they are almost sold out, or maybe we were not worthy buyers? Only upon requesting for a brochure she reluctantly passed me one, after having to register. Yes, sales at DPC have been fire-hot, like Amelia Garden Homes, their 2 & 3 storey terrace houses, with a price tag starting at the RM800k mark and have since sold out, but is this how they treat potential customers?

Here are some units that are still available and their pricing. Pricey, but would you take a chance on them?

Type C2 (1948sf)
Level 30    RM1,121,000
Level 29    RM1,132,000
Level 21    RM1,037,000
Level 20    RM1,028,000
Level 19    RM1,039,000
Level 18    RM1,050,000
Level 17    RM1,002,000
Level 6     RM905,000

Type A (1808sf)
Level 30    RM1,012,000
Level 29    RM1,024,000
Level 21    RM937,000
Level 19    RM941,000
Level 18    RM953,000
Level 17    RM905,000

Type D2 (1485sf)
Level 17    RM767,000

Type E (2454sf)
Level 17    RM1,378,000
Level 8    RM1,326,000
Level 7    RM1,274,000
Level 6    RM1,261,000

Averaging these prices,  the average selling psf is RM532psf. Crikey! Scans of the brochure and floor plans after the jump. (more…)

By Sharen Kaur
sharen@nstp.com.my

THE market for residential properties has softened since the beginning of this year and is likely to continue into 2009, market experts say. The potentially negative influence on the sector is supply, said real estate valuer Regroup Associates Sdn Bhd executive chairman Christopher Boyd.

In a recent survey undertaken by Regroup, it showed that there is an existing supply of 19,183 condominium units in Kuala Lumpur, with 13,902 units more under construction.
(more…)

Perdana ParkCity Sdn Bhd, developer of Desa Parkcity, is set emulate their success of Amelia (which is now 100% sold out after 2-3 months of launch) with their latest product offering, high rise development Northshore Gardens. I visited the DPC sales gallery a few weeks back before Northshore Gardens’ soft launch and duly registered for priority sales. However I did not receive any call from them even after it was soft-launched. Dropped by the sales gallery again before I left the country and managed to get hold of the brochure (scans and layout soon). Had a look at the sales chart, stage 1 which is about 30% of the units were already sold to repeat buyers. With a price tag of about RM400 - RM500 psf, this can be considered as a great achievement indeed.

It is now reported that the sales from the priority sales have chalked up to 50%. Their actual launch is scheduled for this weekend and this could prove to be yet another success story at Desa Parkcity.

Over 50% of Northshore Gardens sold

KUALA LUMPUR: Perdana ParkCity Sdn Bhd (PPC) has sold more than 50% of its latest 274-unit 40-storey luxury condominium project, The Northshore Gardens, in Desa ParkCity after it was opened for priority sales on Jan 25.

In a statement yesterday, PPC group chief executive officer Lee Liam Chye said the project would be officially launched today.

“Our customers have a lot of confidence in Desa ParkCity residential properties because they have enjoyed consistent capital appreciation averaging at 8% per annum for the last three years and net annual yields as high as 12% from leasing to the growing population of expatriates,” he said.