got mercu just like UEMs hq.. MERCU UEM

u shld refer to the two posts above.

giggs asks abt successful GRR scheme n the other one show u the viability of 4kpm in this side of town.. even 3k rental here is considered great. Check surrounding condo rental rate

i think three towers ampang also the same case..

Boss,

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

Boss, Very true on the kochin n MU make noise point

Moreover, this one is not grade A office.. many soxo investors (not soho like bingai8) are struggling & this one has no carpark which is imp fr bosses

Ultimately, this location is probably the most inferior n cheapest part of KLCC.. We will see how things work out in the next few months la..

FR also bought here.. He is expecting 9% yields on the original price..based on todays price can hit 5% or not?

Frankoi,

I must say Giggs is no uncle but is young n rich What are u goin to do with ur SOVO (where is it btw).. This is the reason why many seasoned investors avoid hybrid products that try to portray themselves as apartments.

Boss,

I heard KLCC market not doing well given high O&G expat concentration.. i know quite a few that have been laid off..

Sqwhere aka nowhere in sg buloh gona face the same problem?? here 900psf also struggling n thr nearby factory n only bang on MRT.. Interesting to see sovo n sofo buyers in the future

Sqwhere aka nowhere in sg buloh gona face the same problem?? here 900psf also struggling n thr nearby factory n only bang on MRT.. Interesting to see sovo n sofo buyers in the future

sometime agent open 2 profile n say wana sapu habis habisan.. padahal no demand over thr.. some guru suggest this prop last time.. i still think will do OK for opis but for resi dam weird liao

Rented for: RM1,700

Concluded by: Mori Ng of Greenfield Properties (010 220 4482)

When: August 2015

Noteworthy:

- Partially furnished with air conditioning units, kitchen cabinets, refrigerator and microwave

- Built-up area: 493 sq ft, 1 bathroom

- Accessible via Jalan Sultan Ismail and the Ampang-Kuala Lumpur elevated highway.

- On level 11 and offers a view of KL city

- Has swimming pool, gymnasium, function room, landscaped deck, food court and F&B outlets.

Summer Suites is a leasehold integrated development that features small offices/flexible offices and sits behind Renaissance Hotel Kuala Lumpur.

It has two 34-storey towers - Tower A with 404 units and Tower B with 475 units.

The project was launched in 2011. Half of the building’s tenants live there as residents, while the other half comprise businesses, especially those involved in interior design and IT, according to the agent.

A partially furnished unit enjoys rents of between RM1,900 and RM2,000 a month, while a fully furnished unit may enjoy rents of between RM2,100 and RM2,400 a month, said the agent.

Units range from 469 to 1,347 sq ft. The launch price starts from RM328,000.

According to data from theedgeproperty.com, based on 64 listings, the average monthly asking rent for 493 sq ft units is RM2,292, or RM4.65 psf.

However, the data did not include rental yield as there were no actual transactions, according to the National Property Information Centre, given that the project was completed in early 2Q2015.

still developer unit many month after VP ah? apa macam ini?

Already 6th auction here. Great buy if can snap at this prices.

So is the end of the world meh?? Got many bumi prop investors now and I'm sure if Klcc is on their radar this presents a great opportunity to own the one of the cheapest yet ok KLCC property.

Asking prices n rental here has came down A LOT. The best part is that it can fall further given the current economy, 0 Airbnb and the preference of locals not to rent in the city centre effectively wiping out the tenant pool.