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 Is SOHO Worth to Invest?, Is SOHO Worth to Invest?

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ims2628
post Oct 1 2015, 05:51 PM

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QUOTE(xin @ Oct 1 2015, 05:41 PM)
i took the liberty to find it out for you. Just look at the Housing Development (Control and Licensing) Act 2007 section 3A and then you will understand why.

SOHOs are properties with commercial titles, but are also afforded legal protection from the Housing Development (Control and Licensing) (Amendment) Act 2007 (HDA).

The Housing Development (Control and Licensing) Act 1966 Section 3A basically states that the minister may “from time to time, by order published in the Gazette, prescribe any type of accommodation to be a housing accommodation. In the event of any doubt as to whether a housing accommodation falls within the meaning of this Act, the Minister’s decision shall be final and shall not be questioned in any court”.

In addition to this, according to Section 3 of the Act ‘housing accommodation,’ “includes any building, tenement or messuage which is wholly or principally constructed, adapted or intended for human habitation, or partly for human habitation and partly for business premises and such other type of accommodation as may be prescribed by the Minister from time to time to be a housing accommodation pursuant to section 3A.”

This means that should the SOHO is used for accommodation then it will indeed fall into HDA, the examples that you mentioned is meant for the SOHO to use as office premises and workplace more than a full fledge residential hence these SOHO are not entitled to be included in HDA.
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SOHO can be used for accommodation yes correct, but it doesn't means all SOHO is fall into HDA, it's depends with project and developer, even The place cyberjaya mainly all is used for accommodation but not office, yet it's still without HDA in their SPA.
Kayrol25
post Oct 1 2015, 06:05 PM

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to invest in SOHO , SOFO, SOVO really depend on location. otherwise difficult to rent out or flip.
ims2628
post Oct 1 2015, 06:12 PM

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QUOTE(Kayrol25 @ Oct 1 2015, 06:05 PM)
to invest in SOHO , SOFO, SOVO really depend on location. otherwise difficult to rent out or flip.
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yup +1.
yck1987
post Oct 2 2015, 12:55 AM

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QUOTE(Kayrol25 @ Oct 1 2015, 06:05 PM)
to invest in SOHO , SOFO, SOVO really depend on location. otherwise difficult to rent out or flip.
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Intro me some good soho,sofo, sovo project to look at. icon_question.gif
Kayrol25
post Oct 2 2015, 07:53 AM

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QUOTE(yck1987 @ Oct 2 2015, 12:55 AM)
Intro me some good soho,sofo, sovo project to look at.  icon_question.gif
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http://propcafe.net/ekocheras-cheras-by-ek...-for-vips-live/

but launch quite sometime. location superb. connected to MRT. i can't find any other SOHO that I think great to invest.
physz.86
post Apr 3 2016, 05:23 PM

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QUOTE(ims2628 @ Oct 1 2015, 05:20 PM)
Im banker, i'm dealing with many type of SOHO is without HDA wording. There's no link i could provide, but i can specific out one of two soho that's consider as commercial max loan margin 85% and loan tenure max 25-30 depends with bank, one of the example is Cyberjaya The Place their SPA is without HDA wording, and not entitle for 95% loan margin 35 years tenure, Another one is COVA Square SOHO in Kota damansara also without HDA wording,

So there's info in this discussion thread all SOHO is with HDA is mislead info which is not accurate.
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Hi,
For soho apartment, how much is loan margin?
Can get 90%? How about loan tenure?
ims2628
post Apr 11 2016, 01:20 PM

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QUOTE(physz.86 @ Apr 3 2016, 05:23 PM)
Hi,
For soho apartment, how much is loan margin?
Can get 90%? How about loan tenure?
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soho with hda can get 90% normal commercial title max 85% loan tenure depend with bank one of our panel can goes up to 35 years, average is 25-30 years
C&D
post Apr 11 2016, 09:41 PM

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All the SOs need to wait to cash out. Market is not quite ready for flipping with huge margins.
maskcooler
post Jan 2 2017, 09:36 AM

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QUOTE(ims2628 @ Oct 1 2015, 05:20 PM)
Im banker, i'm dealing with many type of SOHO is without HDA wording. There's no link i could provide, but i can specific out one of two soho that's consider as commercial max loan margin 85% and loan tenure max 25-30 depends with bank, one of the example is Cyberjaya The Place their SPA is without HDA wording, and not entitle for 95% loan margin 35 years tenure, Another one is COVA Square SOHO in Kota damansara also without HDA wording,

So there's info in this discussion thread all SOHO is with HDA is mislead info which is not accurate.
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what do u think about sofo nowadays? easy to rent out? there is one in ampang area currently looking at?
max_cavalera
post Jan 2 2017, 02:54 PM

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QUOTE(maskcooler @ Jan 2 2017, 10:36 AM)
what do u think about sofo nowadays? easy to rent out? there is one in ampang area currently looking at?
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How much bro...i currently deal with one of my wife colleague friend...

She doing airbnb business for soho in scott garden...

Very good occupancy... she rent from owner and sublet it as airbnb...she got 3-5 units there....

Make sure its near kl, near etnertainment, attration area and have very good mrt/lrt/highway connectivity
max_cavalera
post Jan 2 2017, 02:56 PM

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QUOTE(Kayrol25 @ Oct 2 2015, 08:53 AM)
http://propcafe.net/ekocheras-cheras-by-ek...-for-vips-live/

but launch quite sometime. location superb. connected to MRT. i can't find any other SOHO that I think great to invest.
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Got another one beside kota damansara. But its sovo.
Not under hda. Loan max 85%. 504sqft. 380k bumi price.
Connect directly to mrt line 1 and 2.
maskcooler
post Jan 2 2017, 03:14 PM

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QUOTE(max_cavalera @ Jan 2 2017, 02:54 PM)
How much bro...i currently deal with one of my wife colleague friend...

She doing airbnb business for soho in scott garden...

Very good occupancy... she rent from owner and sublet it as airbnb...she got 3-5 units there....

Make sure its near kl, near etnertainment, attration area and have very good mrt/lrt/highway connectivity
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gleneagles hospital, jalan ampang there. what do you think? 350k for 430 sf one car park.
max_cavalera
post Jan 2 2017, 03:16 PM

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QUOTE(maskcooler @ Jan 2 2017, 04:14 PM)
gleneagles hospital, jalan ampang there. what do you think? 350k for 430 sf one car park.
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Quite nice. Got lrt/mrt nearby? Can try do airbnb.
maskcooler
post Jan 2 2017, 03:26 PM

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there are 5k of units there either just completed or on-going? still have potential ? probably 800m for site to jelatek nearest lrt station.
heavensea
post Jan 2 2017, 03:33 PM

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try to avoid non hda project?
yck1987
post Jan 3 2017, 05:59 PM

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QUOTE(maskcooler @ Jan 2 2017, 03:26 PM)
there are 5k of units there either just completed or on-going? still have potential ? probably 800m for site to jelatek nearest lrt station.
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This project seems like location is good, over high density and non hda product is the main factor to make decision.
Btw, I see more and more ppl are keen to give a try on sovo,sofo, soxo. rolleyes.gif

This post has been edited by yck1987: Jan 3 2017, 06:02 PM
maskcooler
post Jan 4 2017, 08:19 AM

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QUOTE(heavensea @ Jan 2 2017, 03:33 PM)
try to avoid non hda project?
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higher utility rate but what if location is good?
maskcooler
post Jan 4 2017, 08:20 AM

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QUOTE(yck1987 @ Jan 3 2017, 05:59 PM)
This project seems like location is good, over high density and non hda product is the main factor to make decision.
Btw, I see more and more ppl are keen to give a try on sovo,sofo, soxo.  rolleyes.gif
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couldn't agree more rclxms.gif
heavensea
post Jan 4 2017, 11:24 AM

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QUOTE(maskcooler @ Jan 4 2017, 08:19 AM)
higher utility rate but what if location is good?
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abandoned=gg
max_cavalera
post Jan 4 2017, 12:09 PM

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QUOTE(heavensea @ Jan 4 2017, 12:24 PM)
abandoned=gg
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hoho.... no choice but make sure developer is a big and preutable one with high cashflow public listed to be on the safe side

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