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

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BEANCOUNTER
post Feb 17 2016, 04:56 PM

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QUOTE(gks @ Feb 17 2016, 10:06 AM)
summer suites is excellent case study of half full/empty glass theory....
For owners who may look at half empty scenario is disposing unit at sub RM1K psf and investors who take a view of half full glass is buying units with anticipation of further appreciation in future.

If we think rationally... a unit in summer suite psf and absolute wise is still cheaper than strata title office suite with bare floor, no bathroom, fully fitted kitchen in menara UOA, SOHO KLCC, Binjai 8, menara KH etc...
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But u r operating illegaly under the present laws and legal framework as full resi. Even sunrise repeatedly issued warning letter to all owners to run as resi at their own risk.
Also there is just not enuf demand to run as biz as the sizes are just not big enuf.

Anything that runs illegally of course is cheaper than the real mckoy. Just like illegal dvd....would u pay market price for a pirated dvd?
BEANCOUNTER
post Feb 18 2016, 10:37 AM

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QUOTE(eXTaTine @ Feb 18 2016, 12:41 AM)
Please la, what is illegal? As far as I know there is no law that prohibits people from staying overnight. Technically, hotel is also a commercial prop and not a residential one, also lots of people staying. Same with most shophouses. By the way, the whole of Malaysia full of the SOVOs and whatnots now...nobody really cares what its called, as long as it serves the investors intended purpose. No point arguing and picking on SS, btw I never see other similar props receive such comments.
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This shows how igmoranxe you are.
To operate a public hotel, u need special license and approval from authority.

Do you have special licence and authority letter to enablr you to run your so called opis as full residential?

What overnight? Most units are used as full residential each night and every nite.

BEANCOUNTER
post Jan 17 2017, 02:13 PM

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QUOTE(shadow_walker @ Jan 17 2017, 11:53 AM)
well its not actually a residential..so technically cannot use as house...but alot of owner still rent out as studio..lol...so far still okay lar brows.gif  brows.gif
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all hotels and hotel suites also not resi titled............

its all about licences and safety issues and TAXES.

 

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