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Investment SUMMER SUITES AND SUMMER V.O.S. [OWNERS' THREAD], From RM328k off Jalan Sultan Ismail

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noiseemunkee
post Oct 13 2017, 10:48 PM

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seem like early buyers got handsome return
yw188
post Oct 17 2017, 08:36 AM

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QUOTE(propertybbb @ Oct 13 2017, 07:17 PM)
market around 515-525k depend on furnishing
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wil it stil a gud buy for investment purpose?
propertybbb
post Oct 17 2017, 09:22 AM

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QUOTE(yw188 @ Oct 17 2017, 09:36 AM)
wil it stil a gud buy for investment purpose?
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Invest to rent out for airbnb can still get positive cashflow for sure as demand for airbnb is super high. For long term tenancy, it depends on luck sometimes...rental can start from rm2k to 2.6k ff studio.
yw188
post Oct 17 2017, 03:41 PM

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QUOTE(propertybbb @ Oct 17 2017, 09:22 AM)
Invest to rent out for airbnb can still get positive cashflow for sure as demand for airbnb is super high. For long term tenancy, it depends on luck sometimes...rental can start from rm2k to 2.6k ff studio.
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how about for future selling? any idea.....
noiseemunkee
post Oct 23 2017, 04:38 PM

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but capital required quite steep if considering commercial loan only up to 85percent max and 25 yrs of tenure. so for a 500k prop will be about 75k min dp, and installment of 2.3k per month @4.4% int rate vs if under resi loan, dp is 50k and installment at 2.1k per month at same rate. commie loan rate i think higher than resi normally. part of consideration i guess.
noiseemunkee
post Oct 23 2017, 04:54 PM

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stayed over at ss airbnb over the weekend. seem like quite busy with tourist and stayers.feeling a bit odd when saw one couple carrying groceries and veggies into lift while and in same lift got a few guys in office attires. and not to mention the access gate remind me of office definitely. there is a check in counter managed by some foreigners, look like students working part time. so i presume some units are rented out like hotel wherey check in is thru this counter?. a new shop looks like opening at lobby. currently already have a coffee shop/restaurant, one mynews retail shop and a smaller retail shop. access to jalan cendana a bit messy to me with only one access and exit. Swimming pool area looks better in pic than real life. maybe cos high expectation previously. overall still feel like a new place. lift is fast and looks new. so i presume maintenance is good. parking access to higher floor is terribly narrow though. have to be very careful. nearby like not much eatery spot i think. have to walk towards klcc for pelita or other spots. walkability to klcc is medium distance for me. maybe 10-15 mints walking? oh and crest next door looks like abandoned building with no occupancy sighted. sumore nearer to the cemetary. quite spooky. whats the story though?

This post has been edited by noiseemunkee: Oct 23 2017, 04:56 PM
darkmusses
post Oct 23 2017, 05:02 PM

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Rented through AirBnB so many times .. So competitive if buy and rent through AirBnB

One mth rent just cost me 4.5k ... with decent furnishing la ..


noiseemunkee
post Oct 23 2017, 05:09 PM

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i check airbnb calendars of the advertised unit, like quite good occupancy. maybe becos hols.
HarpArtist
post Oct 23 2017, 05:14 PM

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QUOTE(noiseemunkee @ Oct 23 2017, 04:38 PM)
but capital required quite steep if considering commercial loan only up to 85percent max and 25 yrs of tenure. so for a 500k prop will be about 75k min dp, and installment of 2.3k per month @4.4% int rate vs if under resi loan, dp is 50k and installment at 2.1k per month at same rate. commie loan rate i think higher than resi normally. part of consideration i guess.
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commercial loan can 30 or 35 yrs depending on bank. investor with more than 2 property will certainly prefer 85ltv than 70.
ppyton
post Dec 9 2017, 01:23 PM

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Any seller here? Looking to buy a unit here
lpuiman
post Jan 12 2018, 07:00 PM

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I have tenant ready looking to rent. Any owner here want to rent out the unit?
Glcotan
post Jan 29 2018, 06:08 PM


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is there any facebook or whatsapp group for summer suites owners?
Adrian1981
post Mar 30 2018, 11:47 AM

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Any owner willing to let go their studio unit (493sf), kindly pm me ?
Thanks

This post has been edited by Adrian1981: Mar 30 2018, 11:50 AM
propertybbb
post Mar 30 2018, 10:05 PM

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QUOTE(Adrian1981 @ Mar 30 2018, 12:47 PM)
Any owner willing to let go their studio unit (493sf), kindly pm me ?
Thanks
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How much? 550k?
jelawat17
post Apr 1 2018, 07:16 PM

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I am looking for 2 units with 2rooms each for my short term stay 23-25dec at ss. Can pm me pls
Adrian1981
post Apr 2 2018, 10:41 AM

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what price is depending on how's your unit likes .. fully furnished ? High floor ? View ? etc . pm me with some pic and your selling price ??
anatomi
post Apr 3 2018, 09:24 AM

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any owner wish to sell 493sf kidly whatappps 0175179049 nick

cannible
post May 27 2018, 10:36 PM

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seller pls pm 496 sqft
cheeyong776655
post Jun 1 2018, 12:55 PM

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pm 0176185316 if anyone to sell studio unit
propertybbb
post Jun 2 2018, 10:41 PM

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All the agents above. Whats the market price now for 496sf?

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