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Investment SUMMER SUITES AND SUMMER V.O.S. [OWNERS' THREAD], From RM328k off Jalan Sultan Ismail
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natman
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 Feb 27 2012, 10:35 AM
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QUOTE(eXTaTine @ Feb 27 2012, 10:26 AM) 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 amIt 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? Most buyer brought it when its SOHO but when the TOwer A owner knows about this VOS many is unhappy with it and wanted to refund, i think most buying for investment purpose. This post has been edited by natman: Feb 27 2012, 10:35 AM |
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Pai
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Feb 27 2012, 01:39 PM
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i think for SS............if residential usage is allowed........most likely that 100% of the units will be used for residentials......with rentals expected to be approx RM5-RM6psf........... If strict usage of ofis only, can expect RM5psf onwards for rents..........which is a reasonable rate for a office in KLCC..........  |
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1ullaby
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Feb 27 2012, 01:44 PM
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QUOTE(Pai @ Feb 27 2012, 01:39 PM) i think for SS............if residential usage is allowed........most likely that 100% of the units will be used for residentials......with rentals expected to be approx RM5-RM6psf........... If strict usage of ofis only, can expect RM5psf onwards for rents..........which is a reasonable rate for a office in KLCC.......... yup, at least a backup plan. 4psf for office use already can break even, summer suites is already better than many other pure residential condos at sky high price. |
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JamesPond
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Feb 27 2012, 02:07 PM
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anyone bought any yet?
Please share
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puchongite
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Feb 27 2012, 02:45 PM
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QUOTE(Pai @ Feb 27 2012, 01:39 PM) i think for SS............if residential usage is allowed........most likely that 100% of the units will be used for residentials......with rentals expected to be approx RM5-RM6psf........... If strict usage of ofis only, can expect RM5psf onwards for rents..........which is a reasonable rate for a office in KLCC.......... If that is the figure it is a good buy lar. The problem is I don't really have confident with those figures. Sigh !  |
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1ullaby
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Feb 27 2012, 03:12 PM
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QUOTE(puchongite @ Feb 27 2012, 02:45 PM) If that is the figure it is a good buy lar. The problem is I don't really have confident with those figures. Sigh ! Office I cannot say, residentials, boleh la This one has the makings of Axis. Make it F/f la. |
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eXTaTine
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Feb 27 2012, 03:42 PM
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QUOTE(1ullaby @ Feb 27 2012, 03:12 PM) Office I cannot say, residentials, boleh la This one has the makings of Axis. Make it F/f la. If it does as well as Axis, I'm sure all the investors will be very happy.... |
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JamesPond
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Feb 27 2012, 04:12 PM
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so, no one bought any this time?
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siakap5
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Feb 27 2012, 05:03 PM
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QUOTE(JamesPond @ Feb 27 2012, 04:12 PM) so, no one bought any this time? I bought one unit . I m confident this is doable in the sense of 3 years time it will be justifiable .  response was not as good as tower A and no doubt Tower A is a better tower . but i trust myself not the respond i saw . Cheers !  |
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puchongite
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Feb 27 2012, 05:04 PM
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QUOTE(siakap5 @ Feb 27 2012, 05:03 PM) I bought one unit . I m confident this is doable in the sense of 3 years time it will be justifiable . response was not as good as tower A and no doubt Tower A is a better tower . but i trust myself not the respond i saw . Cheers ! Siakap is a nice fish to eat leh ! By the way what built up you purchased if you don't mind ? |
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dora dora
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Feb 27 2012, 06:47 PM
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New Member
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QUOTE(JamesPond @ Feb 27 2012, 05:12 PM) so, no one bought any this time? i have bought one.. i saw the response still considered ok, there are a lot of units been booked.. by referring to the sales board yesterday..  |
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Glcotan
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Feb 27 2012, 06:55 PM
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QUOTE(dora dora @ Feb 27 2012, 06:47 PM) i have bought one.. i saw the response still considered ok, there are a lot of units been booked.. by referring to the sales board yesterday.. roughly how many % booked? This is definitely a big contrast against Summer Suites 1, I even received calls to remind me to go for Private preview, after I didn't turn up on Sat... |
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dora dora
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Feb 27 2012, 07:03 PM
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New Member
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QUOTE(Glcotan @ Feb 27 2012, 07:55 PM) roughly how many % booked? This is definitely a big contrast against Summer Suites 1, I even received calls to remind me to go for Private preview, after I didn't turn up on Sat... its about 40% booked.. considered ok during market sentiment.. I bought 1 unit at low level... the price is rather low as compared to their neighbours.. I think i have done a good deal.. |
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puchongite
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Feb 27 2012, 07:44 PM
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So we have two buyers now, one has made 3 posts in LYN forum and another has made 2 posts.  |
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R o Y
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Feb 27 2012, 08:06 PM
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I guess those who know how low Block A was sold at would be hesitant to pay about 17% higher for Block B.
They would however save about 4% of the price due to DIBS rebate and 0.5%-1% from free legal.
So net off, Block B purchasers would be coming in at about 12% premium to Block A.
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natman
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Feb 27 2012, 08:15 PM
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QUOTE(Pai @ Feb 27 2012, 01:39 PM) i think for SS............if residential usage is allowed........most likely that 100% of the units will be used for residentials......with rentals expected to be approx RM5-RM6psf........... If strict usage of ofis only, can expect RM5psf onwards for rents..........which is a reasonable rate for a office in KLCC.......... Was told by the sales person 4-5 psf for office
Added on February 27, 2012, 8:16 pmQUOTE(dora dora @ Feb 27 2012, 07:03 PM) its about 40% booked.. considered ok during market sentiment.. I bought 1 unit at low level... the price is rather low as compared to their neighbours.. I think i have done a good deal.. WOW thats a lot ! i went on saturday from the total of 477 unit theres only 20+ booked include bumi unit equivalent to 5% only fantastic !! with only 2 days time. gd luck This post has been edited by natman: Feb 27 2012, 08:19 PM |
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ethan99
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Feb 27 2012, 08:31 PM
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Getting Started
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who know how many small units still available after today? tomorrow is i will go check out.
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Glcotan
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Feb 27 2012, 08:53 PM
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QUOTE(R o Y @ Feb 27 2012, 08:06 PM) I guess those who know how low Block A was sold at would be hesitant to pay about 17% higher for Block B. They would however save about 4% of the price due to DIBS rebate and 0.5%-1% from free legal. So net off, Block B purchasers would be coming in at about 12% premium to Block A. Exactly... Also, phase 1 buyers might hesitant to whack another unit due to premium and not wanting to put too many eggs in the same basket?
Added on February 27, 2012, 8:54 pmQUOTE(ethan99 @ Feb 27 2012, 08:31 PM) who know how many small units still available after today? tomorrow is i will go check out. Pls share some details tomorrow... I probably can only make it on Wednesday.. This post has been edited by Glcotan: Feb 27 2012, 08:54 PM |
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prop99
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Feb 27 2012, 09:24 PM
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I was there at about 5pm. About 30% book lar........!!!! Model scale unit shows office setting. For anyone wanting to invest, better set expectation to office play. If turns out more as residential, would be a bonus.
12% increase from phase 1 is a lot of $$$$$. No wonder it was slow.
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eXTaTine
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Feb 28 2012, 12:17 AM
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QUOTE(R o Y @ Feb 27 2012, 08:06 PM) I guess those who know how low Block A was sold at would be hesitant to pay about 17% higher for Block B. They would however save about 4% of the price due to DIBS rebate and 0.5%-1% from free legal. So net off, Block B purchasers would be coming in at about 12% premium to Block A. Considering how much property price have gone up over the past year, 12% is quite alright. It was quite cheap to begin with, one of the few developments in 2011 that wasnt priced ridiculously.. |
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