QUOTE(accetera @ Jul 25 2013, 09:53 AM)
Service apartment is bascially residential built on commercial land. It is considered as fully-used as residential, hence comes under HDA.
SOHO is bascially a service apartment with office element. Most of SOHO today comes under HDA, hence residential type property.
All others are for office use hence commercial type and will not be part of HDA.
Most land left for development are commercial.
As far as developers are concerned, Kuala Lumpur will see a declining number of purely highrise residential built on residential land as commercialisation is vital to a gross development value and other land matters.
Btw, studio refers to size of apartments, it is not a genre of a product. The traditional principle is that studio refers to a small-size (normally less than 500 sf) service apartments or soho that HAS NO ROOM... this is called studio. Otherwise if it has 1 room - then it will be a 1-room service apartment or soho. It is not appropriate for Studio to be >500 sf, because the developer would have accommodate at least 1 room for sizes above 500 sf.
I posted the below questions on few thread but no replies n am quite keen to know some answers. Since this thread has so many tai kor tai tai here and touching on this so post here. No offence to hijack, arigato for teaching me...
Anyone know why developer build so many SOFO?
1. Land below 2 acres can only do commercial but not residential?
2. Help purchasers with LTV 70%? But can give 20% rebate like South View by UOA to resolve
3. Want to avoid HDA regulation? As commercial and not residential, freedom to bill purchasers based on own designed stages in S&P agreement and can withdraw collection without HDA restriction?
4. Because commercial land based on plot ratio can generate higher saleble floor space for SOFO wherelse if build serviced apartment/SOHO need to follow density per acre and lower unit number and higher unit size per unit?
5. You mean SOFO can sell higher psf price compared to serviced apartment/SOHO so developer sell more SOFO?
6. SOFO S&P agreement must state for office use only? How about the DMC (surely would not state allow for residence, right)?
7. SOFO would not provide any room partition; total open space like office. Lower cost to construct?
8. SOFO supposed to have pantry and serviced apartment/SOHO have kitchen
9. SOFO would have requirement on fire springer system due to bomba requirement? Would you want to stay in a unit with springer?