Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

Investment EVE SUITE @ ARA DAMANSARA [OWNERS' THREAD], New York Soho Concept + LRT Integration

views
     
gks
post Jan 20 2016, 04:57 PM

Look at all my stars!!
*******
Senior Member
3,834 posts

Joined: May 2008
QUOTE(g_kw2 @ Jan 20 2016, 04:34 PM)
I don't think occupancy is low for Eve Suite. I have at least 50 calls asking for rental for the past 2 months. This is by far the most demand i have ever seen in all my condos. Thus I would only think that it is because supply is getting less thus all agents are looking for units.

I'm sure if those having a unit there will have agent calling to ask if you want to rent and they have people like to view ....
*
Eve is FF unit which means at VP, it is ready to go for rental... Unlike other condo where few months period where units being furnished.

RM1600-1800 is about right for FF one bedroom unit. In Pacific Place those FF 2 bedroom is about RM1600-1800 as well but of course not so nicely furnished.


gks
post Jan 20 2016, 05:15 PM

Look at all my stars!!
*******
Senior Member
3,834 posts

Joined: May 2008
QUOTE(puchongite @ Jan 20 2016, 05:02 PM)
Anyone knows what's ringgit equivalent of the furnishing loaded into Eve Suite and Pacific Place ?

Seems loading good furnishing into a prop is a way to improve rental yield.
*
I think it is not a blanket assessment.

The type of furnishing depends on the demographic of tenant in each specific location.

I think most tenant appreciate the furnishing provided in Eve however unwilling to pay the price that commensurate with the furnishing.

For PP, the 2 bedrooms unit can be fully furnished for RM15K depends on the quality. Some even go as low as RM10K with loose wet kitchen.
gks
post Jan 20 2016, 05:16 PM

Look at all my stars!!
*******
Senior Member
3,834 posts

Joined: May 2008
QUOTE(kochin @ Jan 20 2016, 05:07 PM)
it doesn't work that way.
a dev that is fully fitted (A) vs a dev with no furnishing (B).

A, everybody share the same base. variance of rental rates tends to be smaller. starting base tends to be slightly higher.
B, everybody modify from the base. hence great disparity in pricing. variance of rental rates tends to be much bigger between:
unfurnished > slightly renoed > slightly renoed + little furnishing > major renoed > major renoed + partial furnishing > major renoed + full furnishing

range is so much bigger.
you should compare to projects which offers optional furnishing for a more comprehensive study too.
*
Yup. I knew some investors do not like to buy A development because no differentiation nothing execpt pricing.
gks
post Jan 21 2016, 11:21 AM

Look at all my stars!!
*******
Senior Member
3,834 posts

Joined: May 2008
QUOTE(puchongite @ Jan 20 2016, 05:58 PM)
Depending on how you look at things. 'A' development will still differentiate itself, by comparing against nearby development. In the case of Eve Suite, it will compare against Crimson and Ria.
*
Hm.... Did u see all these as same grade of properties? I believe those who chose Eve wouldn't choose Crimson/Ria
gks
post Jan 21 2016, 11:28 AM

Look at all my stars!!
*******
Senior Member
3,834 posts

Joined: May 2008
QUOTE(puchongite @ Jan 21 2016, 11:26 AM)
You are buried in 'words' without finding out the 'meaning'.

I did not say they are same grade.

In fact I am say you compare Eve with Crimson and Ria, and so it distinguished itself from them and thereby fetching higher rental.
*
thumbup.gif
gks
post Jan 21 2016, 01:23 PM

Look at all my stars!!
*******
Senior Member
3,834 posts

Joined: May 2008
[quote=g_kw2,Jan 21 2016, 11:34 AM]
http://www.brickz.my/transactions/resident...ara/non-landed/
latest transacted price at RM510k?
*

[/quote]
Yeah... some people are desperate in this slow down market....
Probably a good time to buy in such situation...

People willing to let go at lower price... holding power not there... renting RM1600 doesn't cover your cost anyway....
*

[/quote]

Those early birdies got their unit i think at RM350k. with RM510K it is still a healthy gain.

With rental RM1600, RM510k doesn't sound great however i foreseen this is the future trend of low rental yield unless big property price drop.

Beauty of Eve is low cash outlay since the unit comes fully furnished.
gks
post Nov 6 2017, 10:40 AM

Look at all my stars!!
*******
Senior Member
3,834 posts

Joined: May 2008
QUOTE(BEANCOUNTER @ Nov 6 2017, 10:09 AM)
no thanks to the laws......commercial titled apartments are required by law to have retails units.......

I wonder how retails will survive in an apartment blocks? how many mamak or taichow can an apartment blocks need?

honestly I have yet to see a booming retail lots in a service apartment block.

I don't quite fancy the entrance to the building via a small road franked by park cars at road side and lower cost apartments. And the bare landscape before you enter into the carpark podium.
*
Developer build retails on commercial land to maximize profit. as simple as that.

There are many serviced apartment out there without any retails on the ground.

I agree that most of the time retails on the condo couldn't make it. But few are doing good. For example Vipod KLCC (just one retail anyway), The Annex@Dua Residences and St Mary Residences, The Green@TTDI etc.

gks
post Nov 6 2017, 02:37 PM

Look at all my stars!!
*******
Senior Member
3,834 posts

Joined: May 2008
QUOTE(BEANCOUNTER @ Nov 6 2017, 02:30 PM)
Pls share which service apt no retail lots
*
Setia Sky Residences
Rica Sentul
SouthView
Novum
Par3

 

Change to:
| Lo-Fi Version
0.0206sec    0.39    7 queries    GZIP Disabled
Time is now: 17th December 2025 - 02:00 AM