What is your opinions on this development? (Recently saw they launched the subject development at KK property fair.)

It is located at Klang and develop by Hotwer Development.

http://www.iproperty.com.my/developments/1...rvice_Suites#m1

1. Locality?
a) How is the Traffic impact?
b) Residential/Commercial Area?

2. Pricing. Is it consider expensive in Klang?

3. Any others? Anyone can tell me how is Klang doing nowadays?

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Added on November 3, 2010, 10:48 amNothing?

This post has been edited by edyek: Nov 3 2010, 10:48 AM

Went to their office today.

guanranteed 7.5% return as the management will rent it out like hotel
and fixed total return increase every 3 years. This is a 18 years contract.

Land Area: 2 Acres
Built Up: 356 - 484 sq.ft
Listing Price: From RM195,000 - RM309,800

So it should be around RM550 to Rm640 per sf. A little to high isn't it?

I'm considering it. Any comment?

This post has been edited by cristiano7mu: Jan 2 2011, 10:18 PM

Are those units fully furnished or you still need to pump in additional $$ to get it done? What about the loan? Any freebies eg. Interest free during construction period, free SPA?

this is the type of scheme or development i would stay far away from.

The developer very new...

When I google the company...they just recruit staff in the past few months

Is it high in Klang? I've no idea in Klang market.

Fully furnished. The others I've not yet to know.

Why? Because guarantee scheme always does not work out?

Yes they are. But the developer has steady good cash flow.

This post has been edited by edyek: Jan 3 2011, 03:21 PM

Ya Fully Furnished.
I'm not so sure bout the freebies and SPA. If not mistaken ya its interest free during construction. Estimate to complete by 2014.
They just started construction about 1-2 months ago.

Mind to share why? As I'm new to properties... thinking of investing.
7.5% returns but 1% for what the salesperson call Sinking fund.

Ya quite new... the one of the shareholder is relative of the Empire Gallery Boss (at subang and another place forgot where is it located). Apparently, that Empire holder is also the adviser for this new developer.

I mean is the price compare to Subang for service suite?

So far there is only one service suite in Klang at Bukit Tinggi. Haven't check out their price yet and this is the second and going to be the tallest building and only 4 star hotel in Klang.

Edyek, are you from Klang?

This post has been edited by cristiano7mu: Jan 3 2011, 06:46 PM

Destined to fail - why? They named it THE BOSS Suite... damn kampong name
At least put some effort in naming it... this looked like build then run kind of scheme.

No I'm not. I'm from East Malaysia actuaclly. My friend friend is the developer of this property. So I've to weight it and maybe give it a consideration.

it is too over-price Klang area.......

IMHO, definitely overpriced ... for >500psf ...
Rent it like a hotel ? Look at the hotel business in klang u will know why this is not going to work ....
Rent it like a small office? Look at the Empire Gallery just opposite to gauge the demand for small office in Klang ...
Target yuppies who wants to rent a pigeon hole in Klang ? who wants to do tha ? they can rent one easily in damansara, KL, etc with the same budget ...
It is the 1st project from this developer, they are related to the developer of Empire Subang ...

Ah, thank you for the advice. Have not purchase the unit yet as many of my west malaysian friends told me the same thing. Over priced.

reminds me of a handphone with camera lens...hahahhahha

Sometimes it's bad to be in a place with too much background noise.
If I were you, I will sit back and look at it from far and perhaps from
another angle. Questions we have to ask ourselves are like:-

1. How much do we know about hotel business.
2. How many hotels have you seen failed or fails to
survive?
3. What's the profit margin for hotels like? or perhaps what's
the break even occupancy rate for a hotel in Klang?

O.K. I have yet to see a hotel belly up no matter how bad the
economy might be. Here in Klang, we are told the occupancy rate
has been more than 60%... all in all.

so?.... The bottom line - Am I walking into a bobby trap or am I
walking away when opportunity knocks?

Just my 2 sens.

the website does not give exact address. if the apartment is in existing Klang town centre, it will be a failure. The traffic there is bad, surrounding building mostly is more than 20 years old, with bad town planning.

a property in Klang that need marketing till sabah and sarawak? hmmm.. only 1 reason.. NO BUY.. vice versa sabah and sarawak prop market in KL..

Bro, cannot say Sabah like tat lah..if u know where i from..u will get shock..

wei.. i am from sarawak la.. you misunderstand la wat i mean..

my view is klang property having bad sell in klang, then only sell in sabah and sarawak.. and also sabah and sarawak prop bad sell in east malaysia, then need to sell in kl lo..

maybe prop got problem lo.. if not lama sapu liao lo

eh you from sabah? then we same east malaysia la.. accross South china sea to cari makan leh..

This post has been edited by wpq8355: May 13 2011, 05:28 PM

Now at Airport..6.30pm fly...next target...Sentul...

another YTL prop? eh count me in.. still got relatives interested beside amara..