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Investment Shaftsbury Square, Cyberjaya, Mixed Commercial & Residential Dev

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webby88
post Nov 1 2014, 06:47 AM

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QUOTE(murrayballs @ Nov 1 2014, 04:16 AM)
noted on your points. but can see that tujuan gemilang ni more geared for high end concept
and i just have personal appreciation for designs, too often developments in malaysia is so bland and boring and smacks of laziness (who can blame developer, do simple design right pricing can sell edi)
but looking at tamarind & pjtc & point 92, interesting la..might not get a perfect result but such effort is commendable
not saying tamarind will guarantee attract, but it has its own selling point
and shaftsbury is awesome too
and if wanna bash tamarind and pro shaftsbury, get hyve la!
options aplenty
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My observation that Tamarind Suites and Shaftsbury are different for the following:

1. Time horizon. They are 5 years apart. Shaftsbury is current while Tamarind is in the future. Shaftsbury product is delivered can feel, see and touch. Tamarind is in picture. Even that in sales office, nothing to show.
2. Locality. Shaftsbury is nearer towards the commercial zone while Tamarind is towards MMU end with residential enclaves, both high and low density. A touch of competition if one wants to rent out.
3. Concept. Tamarind Suites and Square is trying to combine the chill out factors for younger generation, with touch of Alfresco. Focus of greenery and openness. Cool factors some people call.
4. Price. Tamarind is not the cheapest development in Cyber and surrounding. Not fair to compare Shaftsbury launch price here but subsale is not too far apart. Check iProperty.
5. Developer ability. Shaftsbury has delivered. Tujuan Gemilang has yet to prove. Current projects of PJTC and Point 92 have the concept but lacks the execution and refinement. So Risk Factor to be considered.

This post has been edited by webby88: Nov 1 2014, 06:47 AM
ibbrio
post Nov 1 2014, 10:33 AM

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QUOTE(webby88 @ Nov 1 2014, 06:47 AM)
My observation that Tamarind Suites and Shaftsbury are different for the following:

1. Time horizon.  They are 5 years apart.  Shaftsbury is current while Tamarind is in the future.  Shaftsbury product is delivered can feel, see and touch.  Tamarind is in picture.  Even that in sales office, nothing to show.
2. Locality.  Shaftsbury is nearer towards the commercial zone while Tamarind is towards MMU end with residential enclaves, both high and low density.  A touch of competition if one wants to rent out.
3. Concept. Tamarind Suites and Square is trying to combine the chill out factors for younger generation, with touch of Alfresco. Focus of greenery and openness.  Cool factors some people call. 
4. Price.  Tamarind is not the cheapest development in Cyber and surrounding.  Not fair to compare Shaftsbury launch price here but subsale is not too far apart.  Check iProperty.
5. Developer ability.  Shaftsbury has delivered.  Tujuan Gemilang has yet to prove.  Current projects of PJTC and Point 92 have the concept but lacks the execution and refinement.  So Risk Factor to be considered.
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i have not been to the PJTC
are you saying it looks cool from outside but inside kosong and lack of maintenance?
or many quality of built issues?

tamarind closer to landed development hence may attract residents with higher disposable income whereas shaftsbury square more for working professionals i supposed
also just opposite of OSK high density development so there will be potential crowds
but again how successful it would be is yet to be proven...
any tamarind buyer who has placed the bet?

murrayballs
post Nov 1 2014, 04:11 PM

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QUOTE(ibbrio @ Nov 1 2014, 10:33 AM)
tamarind closer to landed development hence may attract residents with higher disposable income whereas shaftsbury square more for working professionals i supposed
also just opposite of OSK high density development so there will be potential crowds
but again how successful it would be is yet to be proven...
any tamarind buyer who has placed the bet?
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lets not hijack shaftsbury thread
placed by bet on tamarind btw, and theres another fella on here also that i know of
pls post in tamarind thread
ibbrio
post Nov 12 2014, 01:29 PM

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anyone knows who is anchor business tenant in shaftsbury ?
is it shell?
mroys@lyn
post Nov 12 2014, 01:52 PM

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QUOTE(ibbrio @ Nov 12 2014, 01:29 PM)
anyone knows who is anchor business tenant in shaftsbury ?
is it shell?
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may be another service suites?

"The iTech Tower at Shaftsbury Square is a 21-storey contemporary development designed to connect conveniently with the SOHO & Serviced apartments and the adjacent high-end retail haven within the same mega project."
georgegan
post Nov 12 2014, 02:21 PM

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QUOTE(mroys@lyn @ Nov 12 2014, 01:52 PM)
may be another service suites?

"The iTech Tower at Shaftsbury Square is a 21-storey contemporary development designed to connect conveniently with the SOHO & Serviced apartments and the adjacent high-end retail haven within the same mega project."
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SOHO or service apartment in Shaftsbury already fully tenanted with high ROI. You can hardly rent any available unit there for rent.
I-Tech tower is just VP, tenants start moving in. I guess will be fully filled up in 1-2yrs time. Similar to retail, developer holding a big portion for recurrent income.
Overall, well manage development. Worth to invest here when the ROI is still high rather than other projects in Cyberjaya.
mroys@lyn
post Nov 12 2014, 03:31 PM

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QUOTE(georgegan @ Nov 12 2014, 02:21 PM)
SOHO or service apartment in Shaftsbury already fully tenanted with high ROI. You can hardly rent any available unit there for rent.
I-Tech tower is just VP, tenants start moving in. I guess will be fully filled up in 1-2yrs time. Similar to retail, developer holding a big portion for recurrent income.
Overall, well manage development. Worth to invest here when the ROI is still high rather than other projects in Cyberjaya.
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agree, this developer is good.
lamode
post Nov 12 2014, 03:34 PM

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QUOTE(georgegan @ Nov 12 2014, 02:21 PM)
SOHO or service apartment in Shaftsbury already fully tenanted with high ROI. You can hardly rent any available unit there for rent.

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give me 2k per unit, i can easilly find u 5 units and ready to move in less than a mth time.

This post has been edited by lamode: Nov 12 2014, 03:35 PM
koonming
post Jan 30 2015, 05:10 PM

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QUOTE(lamode @ Nov 12 2014, 03:34 PM)
give me 2k per unit, i can easilly find u 5 units and ready to move in less than a mth time.
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Wei. i have 2 units there .. and the rental was awesome ..

2k for which type of unit ? 400++ sq or 600++sq ? As i know, there is empty unit, but owner dont care to rent it out.
But definitely not many unit available. 5 empty unit is nothing compare to the whole 2 block.

if u pay 2k for 400++ sq. i think many of them don't mind kicking the tenant out for u .. of course la .. 2k is 13% roi in term of rental.

If too many empty unit, i wont constantly receiving call from agent. some of them need me to let them know the exact time the tenancy end to help me look for for instant tenant.

Otherwise, it quite full honestly.

Shaftsbury Residence is the only condo i have that constantly received call from agent asking for renting.

I say mine still tenanted, so many property there, dpulse, and etc etc. all full ? why so many asking for shaftsbury ?

All of them (agent) tell me the same, facilities and management is good, quality student first priority is to rent at Shaftsbury Residence.


wl_n
post Jan 31 2015, 04:11 PM

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QUOTE(koonming @ Jan 30 2015, 05:10 PM)
Wei. i have 2 units there .. and the rental was awesome ..

2k for which type of unit ? 400++ sq or 600++sq ? As i know, there is empty unit, but owner dont care to rent it out.
But definitely not many unit available. 5 empty unit is nothing compare to the whole 2 block.

if u pay 2k for 400++ sq. i think many of them don't mind kicking the tenant out for u .. of course la .. 2k is 13% roi in term of rental. 

If too many empty unit, i wont constantly receiving call from agent. some of them need me to let them know the exact time the tenancy end to help me look for for instant tenant.

Otherwise, it quite full honestly.

Shaftsbury Residence is the only condo i have that constantly received call from agent asking for renting.

I say mine still tenanted, so many property there, dpulse, and etc etc. all full ? why so many asking for shaftsbury ?

All of them (agent)  tell me the same, facilities and management is good, quality student first priority is to rent at Shaftsbury Residence.
*
What is the psf subsale value now?
max_cavalera
post Jan 31 2015, 08:19 PM

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Looks like good development and management is essential for profitable investment in props...

Thrs a few other dev that didnt turn up as good as developer ambitious projection.

This post has been edited by max_cavalera: Jan 31 2015, 08:19 PM
lamode
post Jan 31 2015, 09:14 PM

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QUOTE(koonming @ Jan 30 2015, 05:10 PM)
Wei. i have 2 units there .. and the rental was awesome ..

2k for which type of unit ? 400++ sq or 600++sq ? As i know, there is empty unit, but owner dont care to rent it out.
But definitely not many unit available. 5 empty unit is nothing compare to the whole 2 block.

if u pay 2k for 400++ sq. i think many of them don't mind kicking the tenant out for u .. of course la .. 2k is 13% roi in term of rental. 

If too many empty unit, i wont constantly receiving call from agent. some of them need me to let them know the exact time the tenancy end to help me look for for instant tenant.

Otherwise, it quite full honestly.

Shaftsbury Residence is the only condo i have that constantly received call from agent asking for renting.

I say mine still tenanted, so many property there, dpulse, and etc etc. all full ? why so many asking for shaftsbury ?

All of them (agent)  tell me the same, facilities and management is good, quality student first priority is to rent at Shaftsbury Residence.
*
mind to share your unit size and rental as a reference? notworthy.gif notworthy.gif
georgegan
post Jan 31 2015, 10:53 PM

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QUOTE(lamode @ Jan 31 2015, 09:14 PM)
mind to share your unit size and rental as a reference?  notworthy.gif  notworthy.gif
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Wonder what is the purpose asked for reference if so resourceful and can easily find so many units, must know there very well already. Want to find opportunity to shoot koonming?
lamode
post Feb 1 2015, 09:39 AM

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QUOTE(georgegan @ Jan 31 2015, 10:53 PM)
Wonder what is the purpose asked for reference if so resourceful and can easily find so many units, must know there very well already. Want to find opportunity to shoot koonming?
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or u want to shoot me?
spydermind
post Feb 1 2015, 12:54 PM

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Serious ...can rent 2k for 400sqft? ?? I think even for the 600 sqft, 2k is more than a good price
ManutdGiggs
post Feb 1 2015, 01:12 PM

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1.3ksf shop Onli rented at 5k. Maintenance fee 700+. Beta use the shop to convert to small room n rent out with beta roi.
CMW123
post Feb 1 2015, 02:34 PM

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QUOTE(ManutdGiggs @ Feb 1 2015, 01:12 PM)
1.3ksf shop Onli rented at 5k. Maintenance fee 700+. Beta use the shop to convert to small room n rent out with beta roi.
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Boss, u are the best of the best!
ManutdGiggs
post Feb 2 2015, 11:52 PM

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QUOTE(CMW123 @ Feb 1 2015, 02:34 PM)
Boss, u are the best of the best!
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Boss I Tok kok nia. More kok fr me now.

My above suggestion to convert shop unit of 1.3+ksf I to 400+ sf can onli maybe get 3 units. One must not forget the cost to convert. Simple partitions and fitting might cost bout 80k for all 3. No toilet tim. sweat.gif Another 20k should b enuf hor for 3 toilets provided dev permitted it.

A 1.3+ksf shop bot at ori price 1m, bout there la for upper flr unit, grd more expensive, with the additional cost 'll b 1.1m. If can rent out 2k x 3 units the roi easily beats the current rental for shop or some call it retail unit.

One thg I dunno is how much is a 400+sf of those studio cost har??? If cost onli 200-300k ori price then the return is awesome liao. Anw kenot compare wan la. As usual my kok theory self kantoi liao.

Honestly speaking, shaftsbury footfalls r not matured yet. Many commi owners stil suffering. Not all but many. Some even encountered slow rental payment fr tenants reason being biz not so gd. Hearsay nia. No data ya.

And pls dun trust me. I repeat, I Tok kok nia. No hard feeling ya to shaftsbury owners. Fyi I'm an owner too. tongue.gif

This post has been edited by ManutdGiggs: Feb 2 2015, 11:55 PM
max_cavalera
post Feb 4 2015, 06:58 PM

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QUOTE(ManutdGiggs @ Feb 3 2015, 12:52 AM)
Boss I Tok kok nia. More kok fr me now.

My above suggestion to convert shop unit of 1.3+ksf I to 400+ sf can onli maybe get 3 units. One must not forget the cost to convert. Simple partitions and fitting might cost bout 80k for all 3. No toilet tim. sweat.gif Another 20k should b enuf hor for 3 toilets provided dev permitted it.

A 1.3+ksf shop bot at ori price 1m, bout there la for upper flr unit, grd more expensive, with the additional cost 'll b 1.1m. If can rent out 2k x 3 units the roi easily beats the current rental for shop or some call it retail unit.

One thg I dunno is how much is a 400+sf of those studio cost har??? If cost onli 200-300k ori price then the return is awesome liao. Anw kenot compare wan la. As usual my kok theory self kantoi liao.

Honestly speaking, shaftsbury footfalls r not matured yet. Many commi owners stil suffering. Not all but many. Some even encountered slow rental payment fr tenants reason being biz not so gd. Hearsay nia. No data ya.

And pls dun trust me. I repeat, I Tok kok nia. No hard feeling ya to shaftsbury owners. Fyi I'm an owner too. tongue.gif
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Based on rough view u kind of spot on la sifu...good business and many patrons on grd floor only...1st floor upwards quite a lot biz not doing good and closing down...got a few empty lots too...

Anyway this is normal for new commercial area...thats why tenant must have very high holding power eventhough business right now not so good...

koonming
post Feb 4 2015, 09:16 PM

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Yeah 2k for 600sq. And about 1.4k for 400sq.

Anyway. Yes. The shoplot only ground floor is good and they dont sell ground floor. All the boss keep it.



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