no worry, KL no better place to sleep, people willing to live in office.

Ok sure unofficially residential. So which rich expat will want to stay in an official "office". Why be dodgy? Which big multinational company will pay housing allowance for their staff to stay in an office? If you are a well heeled expat in KL, will you want to do anything dodgy?

What type of rental agreement will you draw up? How can your tenants apply for non-commercial rates of electricity, Unifi, phone line, Astro bla bla bla. How does your potential residential buyer pay the 6% gst when you flip the property? What kind of loan can your potential purchaser take? They will need 15% downpayment and 6% gst along with lawyer fees/stamp duty of 5%. You are looking at 26% cash to buy an office subsale.

Being "officially" an office makes a huge day and night difference.

This post has been edited by ivanpei: Apr 10 2015, 10:06 AM

you are absolutely right!
it has co-exist long time ago and especially popular in dense urban areas such as new york.

another classic pure SOHO example.
http://www.propwall.my/klcc/binjai_8/1204?tab=property
propwall's analysis sums binjai 8 pretty well.

question remains, is SS a soho? apparently not.
can it reside people?
you obviously think it can.

but heck i am just an observer.

haha. office lo like that..

Let's just assume that ultimately it becomes 100% office. It is not that bad also right?

Look at the office rental in the area. Then compare to residential. You will have your answer.

Also big wig multinationals usually take entire floors in Prestigious buildings. SMEs prefer top floors of shoplots because it's cheaper. So top of the line Grade A offices cater to big multinationals while Shop Offices cater to SMEs. Shop Offices on 1st/2nd floors charge rm2 psf roughly? So what is the target market now?

Klcc area grade A office oversupply is well documented. What more this kinda props? We'll see lar. Thats why everyone crying for SS to be residential. Office no demand lar in this area, so many empty offices.

When Kochin kor and Manutdgiggs kor make noise, you better pay attention.

Take office rental at 3psf lar since high class abit compared to shop office. Per month you can make 1900-2000 gross from a 636 sq ft unit say lar. Are you going to pay 850k for a commercial that yields 1900 per month? Say early purchasers got at 900 psf from dev. So about 550k for 636 sq ft. 1900 rental is nothing amazing for that kind of investment. You add in the risk that it might be kosong for a very long time due to office oversupply and slow economy, this becomes very risky! Classic high risk, low reward pushed by immoral "gurus" and sharkish agents.

Compare to a certain "guru"s comparison to Marc Residence and Vipod which are residential, a 1+1 6-700 sq ft apartment can give you 3.5-4k rental. This is where the con job is. People are expecting residential rental for an office, which is not going to happen.

Whoever told you office rental "even better" is bullshiting you, go after them with pitchforks liaw, it is a 100% lie.

This post has been edited by ivanpei: Apr 10 2015, 12:45 PM

Seem he cant differentiate the difference between pure SOHO and pure Office.

I bet it will be pure 100% Office.

Boss wat if I house some 42kg chics in it with some extra ordinary activities???

Can it b called a home to hot chics or stil as ofis???

Boss, like this at least still can rent out... In a certain certain famous prop, those kind of studios can fetch 1500 rental wor.... Give 6.x% roi. But the studios 280k not 850k lar hahahahaha.

This post has been edited by ivanpei: Apr 10 2015, 12:52 PM

Chicken farm is still considered as commercial.

Ho seh liao. Grey area liao. Ofis like home, home like ofis. Soho. Small ofis home ofis. Can stay overnite and its definitely a beta choice too cos no parking allocated. Unless public transport all the time.

Firmed liao firmed liao. More to ofis use

This post has been edited by ManutdGiggs: Apr 10 2015, 01:02 PM

Dont be so sure lah guys.
The reason i am being so key po chi is bcos it can and still poses a potential to be a resi even though documents does not seems to say so.
Hence a close look is warranted as it would pave the way for all these products moving forward.
Either way authorities are to be blamed for letting all these spiral out of control.
Who knows maybe they will bow to pressure as clearly resi demand is much higher than office demand.
Interesting times ahead.

Personally i do not condone this to be resi.
Why?
If this goes through, it just opens up a whole pandora box for developers to sell similiar products which is not governed by hda, stage billings that is way front loaded, held ransom for car parks, extremely tight space for living but with high selling prices but still affordable absolute price.

We shall see.

As always i preach in responsible investment and live by certain code of conducts.

Cheers.

you cash buyer? so fast can go there.

Maybe I'm the contractor

contractor where got time like you to surf net and blow water.

This post has been edited by JamesPond: Apr 10 2015, 09:14 PM

Contractor starts work 830am Stimes 9am. 1030am lim kopi. 12pm Makan. 315pm lim teh. 5pm shao gong.

This week only 5 owner have received the key. Those are the cash buyer!

one of them is ryan

Boss,

I must say reminds me of terracotta army.. everything else way too office like... potential tenants will realize the minute they walk in..