QUOTE(yokomo1 @ Mar 16 2012, 08:15 AM)
Erm... a bit difficult to predict... my six sense says it might be good/bad
80% bad 20% good ... hehe btw just my seventh sense
New developer , funny design & funny name.
My personal 2 Cent comment.
Nothing worth to predict , can tell the conclusion now directly.
600 per SF that you invest = you better trow the money into Sea.
How can the developer Grantee 6% ?
Based on my insider news , the property valuer in 2008 told the value maximum can only up to RM250 per SF with risk. But now 600 per SF so the developer think they are Sey Hoi Chan , Mah Sing or SP Setia?
Don't Dreaming
that location is not strategy good location, Jam Like hell some more facing the bridge & next to hospital. The Feng shui sure not good. No office around , demand is low.... occupancy rate sure low.
There's one restaurant nearby also already bankrup.
If that restaurant not yet bankrup , even wrost with illegal parking anywhere during the wedding dinner, trust me you will having big problem to get access into the building during working hour due to primary school nearby and during weekend because many restaurant around.
SOHO in Shah Alam from developer such as SunSuria in Jelutong & SPSetia next to citi mall with bigger space 400-500 SF only RM500 per SF.
You think that small room can worth 400-500k next 2 years ?
We are not singapore , hong kong nor Shanghai . Klang got so many hotel , occupancy rate <50% per year.
BBT One , Crystal Crown , Prescott Hotel...............somemore there's so many budget hotel now a day.
So dont be Gong Kia borrow people money and believe will have > 6% ROI back to you.
Added on March 30, 2012, 11:39 amQUOTE(pisces88 @ Feb 18 2012, 11:17 PM)
No, is different company, will be another company that manage the hotel. this other company is said to be managing other hotels as well.. to me is all bullcrap
this management company need to give the suite owners 400-500k every month. lets say they cannot tahan coz no customers and bankrupt in 3 months, how? that time u have to pay the suite's loan to bank , 1k+ urself. and cant sell also, coz already overpriced, nobody wanna take from you unless you sell at discounted rate. lol
from what i heard, they even offer to buy off the property off your hand anytime between the 18 years according to market rate.
is there such a perfect investment?
YEah , you are right. Discount until 100k i also don't want invest property had such funny design & funny name.
BOSS....yeik
This post has been edited by interim: Mar 30 2012, 11:39 AM