Since Sunrise is developing it, I am not concerned about the development and handover. But is there anything in the law which says it you use a commercial unit for residential and thus certain things are not protected ? For example might be if the the building is on fire, then the insurance is not covered because you use it for residential or something of that similar nature ?

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excellent point about the insurance part

good test for developer would be for them to confirm in writing (not verbal lah) that it can be used for residential..just becoz they provide gym, pool etc by law can owners infer that it can be used for residential ?

Fully support this. Not everybody's money comes easily, buyers always seek the maximum protection of their investments.

No matter how the sales person already said its not adviceable for stay even yes u can stay they still tell u this point its VOS. I think they dare not tell buyers its good for stay so its risk.

Honestly if buying i will never wanted for own stay too small to live in there so my main purpose is for renting out !! its good deal without dibs !

hi,

today went there very late and SA told me today got sold about 10 units. anyway, i heard this tower suppose to be service apartment due to some title issue. therefore, Sunrise launch this as VOS.

addition, i heard almost fully furnish...

~~ minumum now is 400k ~48x sqf

This post has been edited by ethan99: Feb 28 2012, 10:06 PM

is it is fully furnish with 12% premium, it is still worth it.

if indeed 12% premium; but
-4% for DIBS
-1.5% for legal and stamping fees
-2% for full furnishing

an additional 4.5% over first block, it's worth it mah...
BBB lor!

Fully furnished? Thought it is just partially furnish with Kitchen cab, cooker hood and hob, fridge and aircon. Ain't this the same as phase 1?

Actually I don't understand why sunrise don't just make this as true blue soho or even service residence.

Now they alienate the old birds and the not so aggressive investors and without much low entry package they alienate the young and upstart investors.

And the sales staff gotta use vague terms to attempt to put the seed in the investor's mind that residential usage might be possible.

why like that??

It is 17% gross premium. After net of -4% for DIBS and -1% for Legal fees, net = 12% premium.

Both Block A & B come with same semi-furnished specs

Got a photo of price chart?

This post has been edited by airline: Feb 29 2012, 12:41 PM

maybe because sunrise is no longer listed?

The answer to this question.............is on MOF...............

MOF = UEM = Sunrise

Dropped by sales office just now. Counted about 110 units sold. That makes it about 25% sold in 5 days. Not as hot as first block but understandable given the high entry cost

Roy,
any sub 400k unit left?

Cant remember, but <RM410k should still have

Take the nearest office tower as reference, Sunway Tower (formerly known as Wisma Denmark), the rental rate can go up to RM6psf.. Another office tower, UBN Tower, also can go up to RM6psf..

I think the rental rate for SS can reach that benchmark.. maybe RM5psf to RM6psf..

lets do a quick calculation.. unit area - 470sf; selling price - RM387,200 (RM880psf); annual rental - RM28,200 (RM5psf x 470 x 12)
Yield = 28,200/387,200 * 100% = 7.28%

Looks like good investment... Should I go in?

is it still available for the soho units?