Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

Investment BUKIT JALIL CITY | AURORA PLACE | REV.O, Another megaproject starting very soon

views
     
KChooz
post Sep 28 2013, 11:03 AM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
SOVO can be used for residential purpose?

I believe this question has been asked many times b4 already for other types as well like SOFO. Anyone can clarify on this? I only know it depends on how developer drafts the DMC.
KChooz
post Sep 28 2013, 11:19 AM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(UFO-ET @ Sep 28 2013, 11:13 AM)
720/sf shd be
*
Still doable?

No parking provided though.
KChooz
post Sep 29 2013, 12:09 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(UFO-ET @ Sep 28 2013, 10:20 PM)
Why not? Look at wat they hv now, then you will understand.
Do check their stock price in the last one year too and compare the current closing
*
Up more than 100%!!! Looks like they're on their way to be out from PN17 status.
KChooz
post Sep 29 2013, 06:46 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(Asgaard @ Sep 29 2013, 06:33 PM)
project rejected by hlb  doh.gif
*
Serious? Then only 1 bank as their end-financier?
KChooz
post Sep 29 2013, 09:58 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(UFO-ET @ Sep 29 2013, 09:40 PM)
In my history of property investment, only Hong Leong Bank rejected my case before, I hv taken loans fr 7 banks so far. HLB has a very strict loan assessment, for me I also black listed them forever.  doh.gif
*
But still, it'll be hard for HH buyers if there is only 1 bank able to give EF to its project. Let's see how it goes tmr still.
KChooz
post Sep 30 2013, 12:34 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
Wow! BBB for this project!!! I assume then all small units fully taken up as well already... sad.gif
KChooz
post Sep 30 2013, 03:25 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(Kelv @ Sep 30 2013, 03:19 PM)
No car park also BBB? Amazing.
*
All bcoz of Malton's 'Pavillion' next to it. smile.gif
KChooz
post Sep 30 2013, 03:33 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(UFO-ET @ Sep 30 2013, 03:30 PM)
Good response! Very futuristic design
Wat I doubt is can it really for residential use also?
*
Same doubt as me. As far as I know, most developers would mention it in the DMC. Not sure is this sufficient enough?
KChooz
post Sep 30 2013, 04:01 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
If for office, Rm700 psf at that location at this current moment I believe is almost fair value, if not above.

However, if for residential, Rm700 psf I think is BBB!

Solely my opinion.
KChooz
post Sep 30 2013, 04:09 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(yjtan15 @ Sep 30 2013, 04:04 PM)
Why the third tower facing the highway is the most interesting one?

I am worried about the noise.
*
I think because it's serviced apartment? But still KIV.
KChooz
post Sep 30 2013, 06:29 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
Anyone has the latest sales status? smile.gif
KChooz
post Sep 30 2013, 07:43 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(UFO-ET @ Sep 30 2013, 07:30 PM)
48 mths, worth to bet!
*
Agreed. Should be quite safe now that Ho Hup's cashflow is improving with Malton having to pay for some of Ho Hup's loans & profit sharing of 18% of Malton's total GDV for Pavillion 2 project & plus, land clearing also borne by Malton, if not mistaken.
KChooz
post Sep 30 2013, 07:48 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(UFO-ET @ Sep 30 2013, 07:30 PM)
My 3 clients bought 6 units
*
Boss, in your opinion, the small-sized or the bigger-sized units are better? Coz strangely, HH priced the big & small units almost the same psf pricing. So logically the smaller-sized units are better?? cool2.gif
KChooz
post Sep 30 2013, 08:39 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(UFO-ET @ Sep 30 2013, 08:14 PM)
Koret, go for the smaller size. BTW those facing recreational park is priced the highest, I dun advise to buy as it will be blocked by future service apt, still no that bad if you dun mind no view. Facing MALTON land is the best.
IMO this project is much better than the recent launched Ekosky by EcoWorld
*
Wow, you are the first person I hear who says that way about Ecosky. Everyone was so hyped up about Ecosky being related to SPS.
KChooz
post Sep 30 2013, 10:24 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(Mattam @ Sep 30 2013, 09:07 PM)
Not to mention the u turns to be built at Bukit Jalil Highway so that people from Bukit Jalil can go out directly to Puchong and vice versa.
*
Where is this U-turn? To be built by Malton as part of the project?
KChooz
post Sep 30 2013, 10:25 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(Adorable @ Sep 30 2013, 10:24 PM)
Mind to share what is the package like?
Any apartment unit?
*
So far only launched SOVO.
KChooz
post Oct 1 2013, 12:01 AM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(Chris Chew @ Sep 30 2013, 11:36 PM)
I never heard any SOVO before can be used as residential and guess none of it is completed yet.

SOVO stands for Small Office VERSATILE Office, it stands for purely office suites or commercial suites with modern facilities.

The missing part is the key word of Home ( SOHO), the only development can be with HDA or non HDA.

I also never heard other commercialize SOHO like SOSO, SOFO, SOLO that comes with residential suite use.
*
Boss, ultimately I believe it depends on the developer, who will draft the DMC & also form the JMB upon VP. Many other big developers like Mah Sing also used this SOFO SOVO thingy to push sales by being able to get higher mof, compared if SOHO (subject to 70% ruling). All developers targeting investors who definitely own a lot of props. smile.gif

But still like u mentioned, still none of the new hybrid SOVO SOFO developments are completed yet. Only time will tell whether will the developers keep their promises of being able to be used for residential as well onot? If not, manyak org mesti bising. tongue.gif
KChooz
post Oct 1 2013, 12:52 AM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(Chris Chew @ Oct 1 2013, 12:21 AM)
Boss, honestly, I am half water tank about this SOHO or SOVO/SOFO ruling but I dig some news and ruling from few of my friends working with developer. So, I could be wrong.

Agree with you that, many developers in the past 1-2 years had been smartly invented into the idea of SOHO under 85% margin and to escape away with the LTV 70% residential ruling. Much smaller built up size per unit + much lower price point = creates higher price per sq feet + higher number of units per block / tower / development. End up, high discount, more buyers and higher profit.

Anyhow that, I certainly believe that HDA is one of the main account to truly certified the projects being a residential SOHO or non residential non HDA SOHO. I also believes the same regulation goes for other modern names of SOFO, SOVO etc. I not sure DMC could play a role into it upon VP where the DMC is signed during S&P / still under construction while CCC / CFO is the issuance only after completion and it must be compliance for developer to submit the different names / concepts compare to earlier project launch by approval authority.

If I take a look into one of the SOVO, say i-SOVO by TMS at Icon City.

This is purely non HDA thus non residential commercial tower. The regulation is commercial, small office, design office or art gallery and etc similar but it also can be a non long term residential which translated to " owners / tenants can be overnight for hang out subject to no gas, no cooking and no piping is allowed for SOVO series. It's more similar to Hotel / Suites rather than a HDA SOHO or residential's service apartment.

It's interesting to see how these developer fare upon completion when they sold their non HDA SOHO / SOVO/ SOFO / SOSO as an own stayed SOHO / Studio / bedroom with partition during it's launches.
*
Yup totally agreed. Fingers crossed for my The Place @ Cyberjaya by MCT. VP next year. Marketed as office suites during launch but with partitions n furnished. Very obvious the units there would be mostly rented out to LKW students by owners upon completion. DMC did not state can't be used for residential purpose.
KChooz
post Oct 1 2013, 05:42 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(Cocoon @ Oct 1 2013, 02:16 PM)
There will be another interchange at church n golf course side. So make it very accessible.
*
Hmm. Everything looks favorable for both Aurora SOVO & Malton then.
KChooz
post Oct 1 2013, 10:47 PM

Getting Started
**
Junior Member
235 posts

Joined: Dec 2007
QUOTE(UFO-ET @ Oct 1 2013, 10:39 PM)
So many people like my map ka?  drool.gif  73 downloads
I hv the highest downloads of 622 downloads before (1 map), now only I know many are silent readers  laugh.gif
*
Boss, the arrows are drawn by your goodself r? smile.gif

2 Pages  1 2 >Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0183sec    0.41    7 queries    GZIP Disabled
Time is now: 8th December 2025 - 04:35 PM