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

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webby88
post Feb 25 2012, 11:57 PM

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I write this one off as well. Don't know how to compare with any successful project of the same.
owj
post Feb 26 2012, 11:33 AM

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Wanted to snap a photo on the current take up but was not allowed to. Still got quite a lot of units available. Didn't count but prob 30-40 units booked. For those who are only coming on next weekdays should still be able to get
puchongite
post Feb 26 2012, 11:53 AM

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QUOTE(owj @ Feb 26 2012, 11:33 AM)
Wanted to snap a photo on the current take up but was not allowed to. Still got quite a lot of units available. Didn't count but prob 30-40 units booked. For those who are only coming on next weekdays should still be able to get
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So you just went look see look see or you have purchased a few ?
WoodStock
post Feb 26 2012, 11:53 AM

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how to get the invitation?
interested to have a loook and grab a unit
prop99
post Feb 26 2012, 12:24 PM

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QUOTE(WoodStock @ Feb 26 2012, 11:53 AM)
how to get the invitation?
interested to have a loook and grab a unit
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Just walk in after Tuesday. Should have units available. BBB seem to diminished now.
owj
post Feb 26 2012, 12:50 PM

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QUOTE(puchongite @ Feb 26 2012, 11:53 AM)
So you just went look see look see or you have purchased a few ?
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Just look see to compare the response with phase 1. Not sure why but totally different although it is the same type of unit

airline
post Feb 26 2012, 03:23 PM

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How much more expensive compared to earlier phase
eXTaTine
post Feb 26 2012, 03:28 PM

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How come everyone complain this only can use for office but did not make the same comment on places like nexis, empire city, trifoil? Its the exact same thing! If Empire City and Trifoil can b used for sleeping, im sure the same applies for this..

This post has been edited by eXTaTine: Feb 26 2012, 03:29 PM
prop99
post Feb 26 2012, 09:21 PM

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QUOTE(eXTaTine @ Feb 26 2012, 03:28 PM)
How come everyone complain this only can use for office but did not make the same comment on places like nexis, empire city, trifoil? Its the exact same thing! If Empire City and Trifoil can b used for sleeping, im sure the same applies for this..
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With the glut of offices in KL people start to worry. Not sure if this property can be used for residential.
eXTaTine
post Feb 26 2012, 10:05 PM

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QUOTE(prop99 @ Feb 26 2012, 09:21 PM)
With the glut of offices in KL people start to worry.  Not sure if this property can be used for residential.
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Then y everyone assume trifoil and empire city can be used for staying?
Glcotan
post Feb 26 2012, 10:09 PM


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QUOTE(eXTaTine @ Feb 26 2012, 10:05 PM)
Then y everyone assume trifoil and empire city can be used for staying?
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probably already 1 leg in.. the denial mode kick in?
prop99
post Feb 26 2012, 10:15 PM

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QUOTE(eXTaTine @ Feb 26 2012, 10:05 PM)
Then y everyone assume trifoil and empire city can be used for staying?
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That time was BBB season. People think SOHO can be used for home stay. Now with so much discussion people start to be more aware. Test case would be Empire.
1ullaby
post Feb 26 2012, 10:26 PM

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QUOTE(prop99 @ Feb 26 2012, 10:15 PM)
That time was BBB season.  People think SOHO can be used for home stay.  Now with so much discussion people start to be more aware.  Test case would be Empire.
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SOHO of coz can be used for own stay, 'HOME' is part of the term. For references, check SOHOs in the market now, Axis Sohu, Subang Soho, Centrio.

Summer suites ain't SOHO, its pure office.

So are SOFO, SOVO etc these ain't SOHO, don't be mistaken. I call these 'fake SOHOs' tongue.gif


Added on February 26, 2012, 10:28 pm
QUOTE(eXTaTine @ Feb 26 2012, 10:05 PM)
Then y everyone assume trifoil and empire city can be used for staying?
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Trefoil ain't SOHO. Empire City is. Empire City comprises of SOHO, offices and hotel suites.

This post has been edited by 1ullaby: Feb 26 2012, 10:30 PM
natman
post Feb 26 2012, 10:34 PM

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QUOTE(1ullaby @ Feb 26 2012, 10:26 PM)
SOHO of coz can be used for own stay, 'HOME' is part of the term. For references, check SOHOs in the market now, Axis Sohu, Subang Soho, Centrio.

Summer suites ain't SOHO, its pure office.

So are SOFO, SOVO etc these ain't SOHO, don't be mistaken. I call these 'fake SOHOs' tongue.gif


Added on February 26, 2012, 10:28 pm

Trefoil ain't SOHO. Empire City is. Empire City comprises of SOHO, offices and hotel suites.
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Yes u are right summer suite is not SOHO, tha sales person said many tower A buyer starts to complaint as when they brought it as SOHO but the goverment reject the proposal of 1 tower is SOHO and the other is VOS, so sunrise make it VOS for both tower now vmad.gif
eXTaTine
post Feb 27 2012, 12:57 AM

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QUOTE(natman @ Feb 26 2012, 10:34 PM)
Yes u are right summer suite is not SOHO, tha sales person said many tower A buyer starts to complaint as when they brought it as SOHO but the goverment reject the proposal of 1 tower is SOHO and the other is VOS, so sunrise make it VOS for both tower now  vmad.gif
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Nobody can stop u if u wanna use it to stay, if they wanna enforce the rule "cannot stay in office", then they have to do so for ALL commercial title properties which include Empire City, Empire Subang, Zest etc etc..

So many people stay in Empire Subang i didnt see anyone get arrested also?

This post has been edited by eXTaTine: Feb 27 2012, 12:58 AM
1ullaby
post Feb 27 2012, 09:25 AM

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QUOTE(eXTaTine @ Feb 27 2012, 12:57 AM)
Nobody can stop u if u wanna use it to stay, if they wanna enforce the rule "cannot stay in office", then they have to do so for ALL commercial title properties which include Empire City, Empire Subang, Zest etc etc..

So many people stay in Empire Subang i didnt see anyone get arrested also?
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Who told you staying in commercial title will get arrested? doh.gif

As long as you are paying your quit rent and assessments, nobody will kacau you. Even in our grandad generation ppl has been staying above shoplots.

And in our generation, we have service apt, which is like an enlarged version of staying above shoplot.

For office staying, the question if rather on enforcement.

Summer suites is office suites, not 100% of the people are buying for own stay.

Lets say 50% of the ppl wants it as office, and the concept is office. Who are you to say that you can force through the management to run it like a service residence?

Say if management wants to enforce energy saving, cut down manpower / guards at night, block access after 10pm / make it a hassle to enter / gotta find the guard to register with only one/two guards in charge at night and they gotta ronda, who are you to bantah since this is an office?

Empire City, Empire Subang, these are SOHO in which everyone understands that the management will be set up as one to cater for ownstayers as well.

It's the buyer's mindset at the very initial stage rather than anything else.
kochin
post Feb 27 2012, 09:27 AM

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QUOTE(eXTaTine @ Feb 27 2012, 12:57 AM)
Nobody can stop u if u wanna use it to stay, if they wanna enforce the rule "cannot stay in office", then they have to do so for ALL commercial title properties which include Empire City, Empire Subang, Zest etc etc..

So many people stay in Empire Subang i didnt see anyone get arrested also?
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empire subang is SOHO (acronym for Small Office Home Office).
so is empire city.
zest is serviced apartments.

if you wanna compare, try looking for a completed project that houses residents in offices.

supersp
post Feb 27 2012, 09:33 AM

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Please read this for those who are interested in SOxO
http://www.theedgeproperty.com/news-a-view...d-products.html

key highlights :

couple of interesting points to takeaway:

LEGAL
1) The Housing Development (Control and Licensing) Act 1966 states that “housing accommodation includes any building, tenement or messuage which is wholly or principally constructed, adapted or intended for human habitation or partly for human habitation and partly for business premises and such other type of accommodation as may be prescribed by the Minister (of Housing and Local Government) from time to time to be a housing accommodation pursuant to section 3A”.

Section 3A basically says the minister may “from time to time, by order published in the Gazette, prescribe any type of accommodation to be a housing accommodation. In the event of any doubt as to whether a housing accommodation falls within the meaning of this Act, the Minister’s decision shall be final and shall not be questioned in any court”.

2) Tan says the interpretation of SoHos and properties erected on commercial land and whether they fall under the HDA is “intention-based”.
a) “It depends on how you market them, if there are no (overt/explicit) residential elements in their advertising. It’s all about rationalising the intent.
b) “As for the SPA, it depends on whether it follows Schedules G and H of the HDA. If it does, then the property is a residential type and falls under the HDA.
c) Look for the fine print that’s usually added at the end of the advertisement, the one that explains unit sizes and minimum to maximum prices. If there is that fine print in the advertisement, the property usually falls under the HDA.
d)“Residential use falls under the definition of commercial property whereas residential land is strictly confined to residential use.”
e) Although these SoHo-like properties fall under the ambit of commercial properties, it should be noted that Napic has categorised SoHos as a type of residential property since 2Q2009
ISSUES

3) As commercial properties do not enjoy protection under the HDA, the developer’s track record is crucial when buying SoHos or similar properties
4) Chan of SK Brothers highlights an interesting dilemma faced by some owners — some professions do not recognise SoHos as a legitimate business address, especially those that view SoHos as dwellings.

FUTURE

5) Chan says the outlook for SoHos and strata-titled high-rises depends on general market sentiment and tightening measures.

“It goes back to the rule of thumb of property investment: location, timing, choice of unit, pricing, packaging, number of units and not so much their classification.”
eXTaTine
post Feb 27 2012, 10:26 AM

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QUOTE(1ullaby @ Feb 27 2012, 09:25 AM)
Who told you staying in commercial title will get arrested? doh.gif

As long as you are paying your quit rent and assessments, nobody will kacau you. Even in our grandad generation ppl has been staying above shoplots.

And in our generation, we have service apt, which is like an enlarged version of staying above shoplot.

For office staying, the question if rather on enforcement.

Summer suites is office suites, not 100% of the people are buying for own stay.

Lets say 50% of the ppl wants it as office, and the concept is office. Who are you to say that you can force through the management to run it like a service residence?

Say if management wants to enforce energy saving, cut down manpower / guards at night, block access after 10pm / make it a hassle to enter / gotta find the guard to register with only one/two guards in charge at night and they gotta ronda, who are you to bantah since this is an office?

Empire City, Empire Subang, these are SOHO in which everyone understands that the management will be set up as one to cater for ownstayers as well.

It's the buyer's mindset at the very initial stage rather than anything else.
*
Exactly, so since they cannot arrest you, then there's no problem for using as residential. With regards to Summer Suites, most of the buyers purchased is with the intention for staying, so management will have to somehow accomodate that fact...


Added on February 27, 2012, 10:29 am
QUOTE(kochin @ Feb 27 2012, 09:27 AM)
empire subang is SOHO (acronym for Small Office Home Office).
so is empire city.
zest is serviced apartments.

if you wanna compare, try looking for a completed project that houses residents in offices.
*
It is not the marketing term that matters, as there is no legal definition for SOHO. It is what is worded in the SNP, did they say it is for residential? Or in the SNP, was the property defined as an office? Does the property come under HDA? From my understanding, if it does not come under HDA, they are ALL the same no matter the marketing term used.

This post has been edited by eXTaTine: Feb 27 2012, 10:32 AM
Glcotan
post Feb 27 2012, 10:29 AM


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QUOTE(supersp @ Feb 27 2012, 09:33 AM)

2) Tan says the interpretation of SoHos and properties erected on commercial land and whether they fall under the HDA is “intention-based”.
a) “It depends on how you market them, if there are no (overt/explicit) residential elements in their advertising. It’s all about rationalising the intent.
b) “As for the SPA, it depends on whether it follows Schedules G and H of the HDA. If it does, then the property is a residential type and falls under the HDA.
c) Look for the fine print that’s usually added at the end of the advertisement, the one that explains unit sizes and minimum to maximum prices. If there is that fine print in the advertisement, the property usually falls under the HDA.
d)“Residential use falls under the definition of commercial property whereas residential land is strictly confined to residential use.”
e) Although these SoHo-like properties fall under the ambit of commercial properties, it should be noted that Napic has categorised SoHos as a type of residential property since 2Q2009
I remember they gave hood and hob in Phase 1 right? does it count as residential elements in their advertising??


Added on February 27, 2012, 10:30 am
QUOTE(supersp @ Feb 27 2012, 09:33 AM)


2) Tan says the interpretation of SoHos and properties erected on commercial land and whether they fall under the HDA is “intention-based”.
a) “It depends on how you market them, if there are no (overt/explicit) residential elements in their advertising. It’s all about rationalising the intent.
b) “As for the SPA, it depends on whether it follows Schedules G and H of the HDA. If it does, then the property is a residential type and falls under the HDA.
c) Look for the fine print that’s usually added at the end of the advertisement, the one that explains unit sizes and minimum to maximum prices. If there is that fine print in the advertisement, the property usually falls under the HDA.
d)“Residential use falls under the definition of commercial property whereas residential land is strictly confined to residential use.”
e) Although these SoHo-like properties fall under the ambit of commercial properties, it should be noted that Napic has categorised SoHos as a type of residential property since 2Q2009
I remember they gave hood and hob in Phase 1 right? does it count as residential elements in their advertising??


This post has been edited by Glcotan: Feb 27 2012, 10:30 AM

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