Tuesday, October 11, 2011
This community mall in the heart of Damansara Utama is now making way for a development consisting a mall, office and SOHO units. The SOHO units are now being launched at no less than RM800psf. With sizes ranging from 500sf to 1000sf, prices are going to be a record for this area.
Lately, quite a lot of developers are jumping into the SOHO bandwagon. What happened to good old condominiums and apartments? Are SOHOs really selling that well?
Is it basically to get away with merging residential-ish units into a commercial-titled lot? Then cutting them up into small sizes so that they become "affordable for the masses". Therefore, SOHOs are born.
I'll try to find out more. But meanwhile, let's ponder on this type of development - especially with what's happening at Subang Jaya recently.