the asking rental rate doesnt look good. my fully furnished 382sf ritze perdana 1 studio already renting out at RM1.5k. i'm expecting at least rm2k for SOHO1/2.
the asking rental rate doesnt look good. my fully furnished 382sf ritze perdana 1 studio already renting out at RM1.5k. i'm expecting at least rm2k for SOHO1/2.
Personally i think about 2k is pretty steep the price. Let's the market say.
Personally i think about 2k is pretty steep the price. Let's the market say.
I think studio should be able to get 1.2-1.5k/m for 345 & 363sf. The Soho is about 2x bigger so 2k/m should be doable. But caveat is that there will be competition as many units will flood the market, hence some discount in the 1st year or so (or till most units get occupied).
I think studio should be able to get 1.2-1.5k/m for 345 & 363sf. The Soho is about 2x bigger so 2k/m should be doable. But caveat is that there will be competition as many units will flood the market, hence some discount in the 1st year or so (or till most units get occupied).
i think the ED studios rental will be lesser than the nearby studios e.g. Neo, Ritze 1 and 2 due to no facilities and car park not included with unit but then again, there may be those who prefer ED cos it's new
This post has been edited by cedyy: Jun 26 2013, 11:45 PM
i think the ED studios rental will be lesser than the nearby studios e.g. Neo, Ritze 1 and 2 due to no facilities and car park not included with unit but then again, there may be those who prefer ED cos it's new
but advantages of ED can rent to small office, i think property royal firm & accounting firm will definitely love it, just walking distance to LHDN!
i think the ED studios rental will be lesser than the nearby studios e.g. Neo, Ritze 1 and 2 due to no facilities and car park not included with unit but then again, there may be those who prefer ED cos it's new
Maybe. Conservatively compare to R1 instead of R2. R1 same size 1.5k ff doable. Say discount 150 for cost of renting car park, and another discount 50 for lacking facilities, 1.3k should be doable. Discount another 100 for short term competition, then 1.2k. Attraction is "newness" factor, high floors with view potential, "relatively better loaction" for those that prefers this part of DP. I guess 1.2k should be fair minimum. Of course there will be those that will rent lower, those that will be higher. If priced too low, then risk of attracting "unsavoury" tenants.
Question is if 1.2k, (LETS ALL IMAGINE IF we're one of them), will existing tenants think of moving from older studios to ED studios? Will it then cause owners of eg R1 to lower rentals to keep tenants? Will this then lead to ED owners asking for even lower rentals?
Bottom line is that there is alot of units released into the market in the short term of coming 6 months at DP. Neo also coming. True market rates will be known within this period. Prolly take 1-2 years for full potential to be unlocked.
when SOHO 1 VP where back to May i think. he on 20+ floor if not mistaken. now 430K? which floor SOHO 1 or 2?
8th & 11th floor. THis is "asking" price for a caller expressing interest to buy ya.....u knowlah agents. If you call and tell them you're an owner thinking of selling, I'm sure they'll tell you that market price is xxx
But at 410 for high floor, I think is a "relatively" good price for buyer. 5xx/sf.
1. A thematic shopping mall consisting of Furniture Mall + Fashion Mall + IT Mall + Art & Culture Mall
2. Premium Ginza Boulevard Street consists of 3/5/7 storey of retail shop-offices where all the happenings, F&B, night-life clubbing, chill-out places under one roof
3. 4 towers of mid/low rise office blocks
4. Signature corporate office tower - believed to be Mammoth Empire's new HQ
5. Iconic corporate office tower - sold to HCK Capital as HCK TOWER