I m excited too. I m sitting here to see the agents sticking the sticker. Lol

Thought this project sold out long time ago. Btw, what are the selling price in spore?

They are selling the Citadines Apart-hotel

Apart- hotel? Mean the hotel operator will lease back the apart fr buyer?

Yup. It will b managed by Citadines which is owned by Ascott. Ascott is under capitaland singapore.

I know the service aprt was selling around rm500psf. How much are they selling this apart hotel?

Close to 900sqft. Guaranteed 6% yield. This is hotel managed by professional management. Cant compare with the suites.

This post has been edited by noblebaby: May 26 2013, 01:48 PM

For singaporean, 900psf is sap sap sui.

If that's the case I am targeting min 600psf for the suites upon VP. Could be higher depending how the Mall fare

U vested?

Yes boss

Great! When is VP? For Citadines is end of 2014.

Based on SnP date, shall be mid 2014

Lastly, the first proper mall is going to be there at cyberjaya next yr...zzzzz

Pls wake me up when this mall is ready...... Z!Z!Z!Z!

Construction is kinda slow... developer should quickly complete the mall first to attract crowd and followed by the hotel n suites... since there are already students there, Should b able to support the mall businesses like F&B, cinema n other entertainments.

Normally it takes 2 to 3 years for a mall to achieve the optimum visitor traffic.

Ascott (Citadenes) is the world largest management for service residential... they should already done their due diligence tht Cyber will b successful.... if hotel revenue is low, their management fees will be low.... furthermore, Ascott is big boy, many service apartments/hotels beg them to b their management.

This post has been edited by noblebaby: May 27 2013, 07:21 AM