Yes boss is it investable? I have offer of 1 unit at RM665 psf. Concern is the klang property Market has no flavour for This kind of shoe box unit n the reliability of the guarantee. The developer boss is owner of goodnite mattress n CASA nova furniture n related to empire mamoth boss.

The retail units also quite fully sold But can retail at this location be successful? Is there lack of supply of hotel in klang?

The auto capital appreciation adjustment of 9% is quite attactive of course if there is no default of guarantee lah

There are a few serious concerns:

1) Price psf is almost double the market value in this place. So obviously developer is making alot of profit
2) GRR schemes are very dangerous as developer usually cover themselves by giving the management rights to another company (which is usually low capital base and not related to parent company). So in case of dispute, we can't do much and we wont be able to regain losses.
3) Nothing mentioned about payment terms of the GRR and if there are any penalties if the investor is not paid on time. So they can even turn around and say payment once a year and we cant do anything.
4) Lawyers for the SPA will be appointed by developer so those lawyers will be acting for the developer and not us in case of dispute later on

http://www.iproperty.com.my/news/669/inves...uaranteed-rents

http://www.beahappymillionaire.com/investi...-return-scheme/

http://biz.thestar.com.my/news/story.asp?f...66&sec=business

This project is only for ppl who really dare to goreng.

I'd never invest in such property with such ridiculous sales package...a good property does not need to have such sales package to sale...just my 2 cents...

I been to KSL yesterday and there was a small iproperty exhibition at the EXPO. I saw thier booth and the girl claimed that she was from the developer site approached us about this project.She showed us there stil about over 10 units left and they have rebate promotion of 3k yesterday.

Please don't be duped into this project!!
There are more than ample hotels in Klang and its definetely not worth anything more than RM400 psf. Progress also looks slow and is fronting a road which has heavy traffic most of the time.
Good luck for those who believe Hilton/Novotel will be opening up in this side of Klang!

I have booked one unit..actually I am looking good for this project..8 have been told the survey taken to public. .now the price is increasing..

Every investment has their risk..nothing can be guaranteed. .but one things should bear in mind is..never borrow people money to invest...investment is long term..actually I have done many homework. .if the boss is going to perform, this is really a good investment..anyone know what is the pricing now?? Psf?? The location is strategic isn't it?? If not mistaken..the developer is related with good night matress and subang gallery...who know the details? ? ? Appreciated for your reply

(How the boss going to guarantee the rental to purchaser whenever there is no business in coming years?? What if the developer do not wish to buy back for the unit??)
This is only the query we need to figure out..

I stay at klang, so I know the location of this project is heavy traffic jam and noisy sumore 400 ++ psf?? Subsales landed property only 150-250 psf, and most importantly the building design is terrible, just look like " usb thumb drive"

Obviously ur research is not enuf. This class of property here is high risk. U may get better return in landed property in this area. Unless the intention is to get a room for ur overnite adventure here...

I guess the project name is very spot on BOSS. U may find many se..taries staying there..

So far the progress of construction is smooth right??who already buy the unit??

The structure now at fixing of reinforcement bar for 9th floor column. I bought a unit for serviced suite last April 2013. Priced by RM 763 / sf.
I understand surely all peoples are concerning of losing money for this investment from all the previous comments. I wish to share my point of view.

This is the first project of the developer. Bare in mind, who or which company want to fail at their first step to do business? For sure, the team will fight and put all their afford to make sure this project success. Business is run by human, if the people who manage it dont do the best, for sure this project will fail. Bus as i said, WHO PLAN TO FAIL FOR THEIR VERY FIRST STEP? (unless they plan to cheat the investor money which i donno)

People who manage it is the key of success in every project. I saw the profile of the director of developer. With creative, young, energetic thinking, they wont left behind the market. How to coup up the sales of business, is depend to the management strategy. No sales mean no profit. If you have source, you may investigate it in the local area at Klang about the director personality.

Talking about over priced. Such a good plan, why i sell it. After deduct the loan from bank. I still got RM 500 pocket money every month (not yearly). And they will bank in to my assign bank. We can make our own investigation, is out there have such profitable property. If yes, that is a good investment. And we should invest on it. No matter is it residential or commercial property. Developer paid the rent by 6.5% from purchase price. So the bigger value u buy, the more money u get. I do not plan to sell it, so i not worry about over priced.

I got lesser headache to manage my investment. If i buy other condo for rental, i need to deal with the buyer or agent, new agreement, renew agreement, all maintenance matter (electric no working, water leakage, wall damage, repaint, lock damage, electric machine break down, cushion, chair & table damage....), tenant not pay the rent and refuse to move out, not pay electrical or water bill before leaving, no income for few months for no tenant rent my house and need to pay agent fee to get tenant. In this investment plan, i not worry about it for 18 years. I got more time to do other thing. Time is very valuable to us.

I can said their is a risk of, DO HOTEL BUSINESS GOT SUCH MARKET IN KLANG? In this point, Im not professional. I dont do research to support the fact. There are F&B (food & beverage) run by developer. This is the most profitable business in this building. And is running by developer itself. The sales person told every wedding seasons, all restaurant are fully book. If yes, developer will make tonnes of money. I hope they will. This is another source of people to rent the hotel's room. This mean the hotel got business and sales. And developer have ability to pay rent to us. From the map, i saw most of land is occupied by landed property and factory. Factory is source of business. Mean there are many peoples not local and need accommodation. Is a live market.

What is the reasonable price should offer for hotel stay? I make some assumption. 60% of occupancy yearly, 40% of amount pay to investor, 60% of amount go to developer for hotel running cost and profit, the breakeven cost is RM 333.71 per night for 384 sf. This hotel can survive by this rate. If my assumption is wrong, then the breakeven cost need to amend. Again i not professional, my assumption have no support.

Last week i get information about the assumption. There are a Singapore developer offer an investment plan for 5 star beach resort and spa at Phuket, Thailand. 60% go to investor, 40% will go to developer and management. If i base on this assumption the breakeven price is RM 222.47. Do you think BOSS can survive? If hotel can survive then they can make profit and our investment is save.

Investment is plan for a better life. If you suffer to make this investment, I suggest you not to make this investment. There will be other chances in the future.

Hope my opinion will benefit to you.

Yes..I agree with your point. ..nothing business is no risk..even I am not so understand how you calculate the occupancy, but the point is valid and solid.

Are you from klang??

The developer tell me that the average occupancy in Klang hotel is 70%, and the Phuket hotel is 50%, so i take the middle of 60%.
I live in north part.

How's the sales like for this project?

I read that they sold out at launch in 2011... but somehow, still got more than 120 units unsold for serviced residence and 30 units for retail lots...

construction slated to complete by end 2013 but then now mid 2013, construction only level 9 out of 28 floors?

so they have sold 60% of residence, 25% of shops, construction only 20-30%?

Not sure the sales now. What i was informed are, sold out at lauch in 2011 for chinese quota. Now release for bumi quota.

Progress now i think is delay. For typical floor, if they fast enough, 1 week can cast 1 floor. Now the typical floor just start, they use 20days to cast 1 floor. See how for the on going month.

The calculation must in include structure and architecture works. Now what you see is only structural progress.

Guys..due to limitation , I only can share for this..

For investors,pls kill of 3 questions..as attached above

Can you guys find the checklist by Robert Gavin?? These are the fair and very reasonable point...if you can find it..then you will never worry what you are doing now...I mean for GRR investment..

Cheers. .welcome anyone posted for the key points

first time developer project already delayed...

i figure they will delay at least 1 year with now only 1/3 or its way up on super structure. since its fully furnished with all the fancy facade, i think its a reasonable estimate

fail lar this project

Any new updates? ?