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

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post Jan 21 2016, 11:25 AM

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QUOTE(tetsu @ Jan 21 2016, 10:55 AM)
JMB Meeting next month at Publika
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Yup, just got the letter =)

So who here is planning to go?
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post Jan 22 2016, 01:16 PM

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Its not only expat/foreigners renting small units in the RM2k-2.5k range.

From my experience covering other high end areas, nowadays there are many young local professionals willing to spend RM2k-RM2.5k for rental.
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post Feb 18 2016, 11:42 AM

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I recall long long long time ago, this similar issue was brought up for Serviced Apartments. Back then, Serviced Apartments were considered commercial properties and not under HDA. Many developers used this loophole to develop units meant for residential on commercial land while circumventing many of the restrictions under the HDA.

Many people were also worried that they were not protected under HDA when purchasing Serviced Apartments and choose to stay away from them.

Fast forward a few years, after there were so many Serviced Apartments being launched and being used as residential, the Government just decided to recognize it as residential and brought it under the HDA.

Its likely all the current "Hybrid" units will go thru this something similar sometime in the future.

Because there are already so many that have been built, and even more in the process of being built, eventually the Government will probably just recognize them and move on.


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post Feb 18 2016, 03:58 PM

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QUOTE(nookie188 @ Feb 18 2016, 01:34 PM)
SS was built as an office development - ie not as serviced apartment nor does it falls under those hybrid types ie sovo, sofo and what not..so I think your argument is a bit off the mark..

the developer has reconfirmed that SS are offices ..so there is really no grey area as its clearly stipulated in the SPA.

anyway, for the owners, they rather have it used as residential rather than offices as the rentability is higher..

SS could set the precedent for other office developments to be used as residential? time will tell..
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For SOVO, SOFO and all other incarnations, the "O" is Office. If you ask any other developers for an "official" answer, they will also have to say their products are offices


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post Feb 18 2016, 04:19 PM

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QUOTE(Happyman @ Feb 18 2016, 04:06 PM)
Very easy, make a phone call and ask the authority to go to raid summer suites, if they go then it is illegal, if they said cannot raid then owners can rent out lo. 

What's the phone number and which authority?  I call now.
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Menara DBKL 1, Jalan Raja Laut

50350 Kuala Lumpur, MALAYSIA

General Line: 03 2617 9000

Call Centre: 1 800 88 3255
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post Jun 18 2016, 12:06 AM

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People have already started offering RM500k and above for 470sf

Anyone still want to try their luck can try calling online advertisement one by one. It's happened before where owner sell below market price because dunno real market price
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post Oct 15 2016, 08:04 PM

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QUOTE(micnts80 @ Oct 15 2016, 12:27 PM)
Anyone interested to let go studio unit kindly pm me...
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I have PM'ed you

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