First of all, the people here is super helpful. Thanks Guys, i really appreciate ur advise. Starting to like this forum
My only main concern is actually.... where my friend, he warned and told me that:
QUOTE
he used to saw quite a lot of "service residential", and after took over by "JMB" or "JMV" (i have no idea what is this), due to commercial title, the facilities maintenance fees suddenly hike up 30%-50%. and this resulted a lot of tenant not willing to pay (not because they are not afford, but because of they feel like such amount is paying for nothing, especially those investor, they don't care at all, as long as can save cost and earn money). And this resulted the facilities not maintained well and ended up tenant trying to resell the house with bad price. I mean, everything become bad, bad for staying, bad for investment and so on. And of course unless u buying those prime area like KL centre with liquidised tenant, rental, investor, then commercial title is fine.
Thats my only concern. Oh, maybe i should say, as long as the whole apartment community will pay the facilities as per agreed and the whole building well maintained as per designed, then i'm super happy enough. I just super worry i bought a apartment that ended up a large number of tenant don't wanna pay and ended up the whole building screwed up. This become more risky when the buyers for this project majority is investor. Sorry maybe i might look negative, as i never stay in high rise building with facilities, this would be my first experience. i just trying to minimize my risk since i'm a rookie when comes to property things.
Please advise and i hope what i understand is wrong because i like this project and the ambient and surrounding