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

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Babizz
post Jul 5 2014, 07:07 AM

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QUOTE(CloudAtla$ @ Jul 4 2014, 08:26 AM)
So good sales? Though good location but cemetary view. Bad feng shui. And office block. Easy to rent out or not?
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if ur entry price is low and ur willing to rent cheap then should be ok =) Shopping mall oversupply is worse than office. For office, if u can offer the same price and give companies a few reasons why they should move in, then got chance. If retail then die lorr.. but no carpark allocated for each unit is a major turnoff for businesses.
Babizz
post Jul 5 2014, 11:12 PM

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QUOTE(CloudAtla$ @ Jul 4 2014, 05:23 PM)
No carpark but can rent. No issue. Only even you can rent cheap, surrounding klcc got so many choices to pick. Stiff competition. Need really strong holding power before your unit can be rented out.
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Yes. need holding power.. very few good deals in today's market. btr buy with caution. 3 years ago most investment's were very profitable but I can't say the same today
Babizz
post Jul 16 2014, 09:36 AM

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QUOTE(CloudAtla$ @ Jul 5 2014, 05:47 PM)
You bought a unit here?
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Nope, being in a major industry related to prop development, I would never buy office or retail development unless I see strong potential(only for retail).
Babizz
post Jul 16 2014, 05:32 PM

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QUOTE(CloudAtla$ @ Jul 16 2014, 03:26 AM)
This small office no potential? Nearby klcc and walking distance to monorail.
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not too sure, if u can rent it out cheaper then the rest, then maybe can la.. Must try to get boutique O&G firms..many small ones around.. but i still wouldn't recommend offices.. sorry bro, the incoming supply in 2016-2018 will greatly increase the supply in CBD/Golden triangle. investKL is working hard to get foreign firms to fill up this office space.
Babizz
post Jul 16 2014, 05:35 PM

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always remember, GKL has the most office space in South East Asia (100 mill sq ft). Ur only consolation is that CBD/Central KL has among the highest occupancy rates today =)
Babizz
post Aug 29 2014, 05:49 AM

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this project should do well cos

1. Nearby KLCC (most O&G firms are in KLCC)
2. Amenities nearby (Quill City Mall, LRT, KLCC also not far)

Cons: Office oversupply although KLCC side should be fine as long as u are willing to rent it out cheaper than the true KLCC offices

So, if u can get it for less than 1k, why not?
Babizz
post Aug 29 2014, 10:38 AM

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QUOTE(CloudAtla$ @ Aug 28 2014, 05:25 PM)
Cons: can see grave yard fr swimming pool.
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oh I tot the hotel or 118 suites beside can cover the view??
Wonder how Lai Meng redevelopment gona be haha..

Babizz
post Aug 29 2014, 01:07 PM

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QUOTE(accetera @ Aug 28 2014, 10:38 PM)
Lai Meng School Land is on sale pending negotiations.
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I was under the impression that Lai Meng has been sold to Magna Prima. Am I wrong are they selling the land out?

http://www.thestar.com.my/Business/Busines...ld-twin-towers/
Babizz
post Aug 29 2014, 11:03 PM

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haha.. I think they will make a handsome sum should the sale go thru.. 3.4k psf is a new benchmark though...
Don't think it's worth anything more than 2.5k psf with a cemetary behind and Zouk's redevelopment in front.
Babizz
post Aug 29 2014, 11:58 PM

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QUOTE(InF.anime @ Aug 29 2014, 09:13 AM)
who is the water fish?
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he is no waterfish.. for his age, he has one of the most impressive portfolio's
Babizz
post Oct 27 2014, 09:55 AM

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QUOTE(CloudAtla$ @ Oct 26 2014, 06:39 PM)
All highlighted r ofis.
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i think SOHO can use as resi..others supposed to be opis.. my friends wanna convert Summer suites to resi la..
Babizz
post Oct 27 2014, 10:09 AM

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QUOTE(natman @ Oct 26 2014, 07:58 PM)
Maybe uem is more ethical when they sell they die die die die also say its ofis but if u wanna use as resi also no choice they cant control. Whereas other developer who sell soxx die die also say can do resi even in brouchure, website, showunit also put a bed
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yes memang.. I really duno why they like to launch SOFO/SOVOs.. not many companies want such a small space.. i see a lot of investors buying thinking they can get corporate clients..
Babizz
post Oct 27 2014, 11:14 AM

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QUOTE(CloudAtla$ @ Oct 26 2014, 09:08 PM)
To mislead. To confuse. To gain sales. Sales gimmick. If u call it ofis, who is buyin? Target buyer is veli small.
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true.. office suites was what they used to call it.. how many units u bought here? are u planning to rent it out?
Babizz
post Oct 27 2014, 11:26 AM

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QUOTE(CloudAtla$ @ Oct 26 2014, 09:19 PM)
I kepo kepo onli.
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I think the early buyers sure stand to gain big time..
Babizz
post Nov 27 2014, 01:48 AM

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This one still for sale last week in Star Property fair.. I know there are no individual carparks but are there carparks in the building for rent?
Babizz
post Nov 27 2014, 02:02 AM

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QUOTE(chrisw @ Nov 26 2014, 11:56 AM)
I beg to differ, do seriously check around KLCC..
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cloud owns a few opis units in KLCC n i've seen the demand for small units by boutique foreign companies with 3-5 staff...
Babizz
post Nov 28 2014, 12:00 AM

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competition within LYN forumers =) companies will be happy!
Babizz
post Dec 19 2014, 11:18 AM

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QUOTE(BEANCOUNTER @ Dec 18 2014, 08:38 PM)
whoa,,,,you in property n you dun know who is JL? Tai Dam. shakehead.gif
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ya lor maybe Jamespond dun spend time on fb.. btw, when u mention JL, giggsy will get excited biggrin.gif biggrin.gif

btw, i heard dis one still not sold? SP Setia better just keep the units for 'recurring income' la.
Babizz
post Dec 19 2014, 12:54 PM

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QUOTE(gks @ Dec 18 2014, 10:33 PM)
Agree with your point. How much a unit in binjai8 and soho suites asking now? Vs leftovers of summer suites/vos?
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i think without a carpark, a opis can be cheap n still not attract tenants... btw, this one no carpark right? i aso confuse d.

my2c
Babizz
post Feb 11 2015, 03:51 PM

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QUOTE(KLcc888 @ Feb 11 2015, 01:47 AM)
residential somehow seem better options. 188 Suites by YNH someone put price tag as RM1600psf. I recall launch price is RM1200 with 8% yield GRR. RM1600psf still giving lucrative 6% rental yield.
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GRR always price in the rental already. Only investors who knw their product is nt good will buy into GRR products. U are just paying money now to get future rental.



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