3rd phase is Centrina mah...

Service apartment or Soho?

Service apartment or Soho?

Service apartment. Selling more expensive per sq ft than The Court. Facing KLCC view

okay, thanks for the info

KLCC Is so far away
What is there to view ?

Those real KLCC condo like platinum park nearby will be able to see at eye level of KLCC. Etc

Face or not face klcc for CENTRAL is ok
Most important is its reputation as a good quality condo or service condo

and also to have good rental or capital gain

ngaisteve

guess all the property price will increase after 3 yrs time.... How much u bought for SOHO unit?

ya can gain at least 20% p.a return is not bad liao. more is bonus

This post has been edited by ngaisteve1: Feb 5 2013, 12:35 PM

I am not sure property generally go up or remain

3 years time or 2.5 years time, there will be massive delivery of condo units all around KUCHAI to Sungei Besi area n Bukit Jalil etc

I be lucky if I am able to rent out RM 2000
For a tiny unit 731 sq ft

Units of 1200sq ft stand a better chance to rent out as no matter what. 3 rooms same rent. Which one u rent ?

Soho is always more use by the owner son for own stay .
Sungei besi or central area is not the place still where rich students stay as no rich college around ,
Most here if rich are China man rich kids . They rather stay at mummy big house or unless mummy buy for them .

I will not depend on this segment .
Rather be real.

hopefully can get air steward/stewardess because near to Express Rail Link's KLIA Transit train.

Air Stewardess? are u just hoping? or sure?

I rather deal with facts!

as i said.. I am just quoting the cheapest rental for a place like Central. If subsidize, sure understood, where can get surplus rental?
we also need to pay our monthly maintenance bills, and remember our SOHO is charged to commercial rates for water and electrical.

And, so, that is SOHO. Actually, if the Residence unit is charging same price as SOHO, i would have taken the Residence units, as they are much bigger, 3 rooms and can accomodate a medium couple and children. Our SOHO is too small for family, and too expensive rental for individuals, unless, they have the means to pay.

I rather not dream like anyone saying, artist, or designers, come to SOHO. If an artist come to me to rent, i will say NO!
I dont want anyone who can owe me anytime. I prefer someone who pay on time, rental and despite lower the rent, he pays on time.

Who is he? or she?
That all depnds how SOHO looks like, and reputation to be.

Many other condo end up as "chicken Place". I hope, the security and management are strict to ensure tenants dont rent out to chicken and papa san and pimps. That will be disaster.

But i thought utility bill is covered by tenant ma. I believe can get minimum RM2000 rental (including 2 car parks)

Would any type of tenants willing pay
Higher utility bill as compare to normal residential condo ?
Unless its a very special soho n very class one !
And so famous as a super soho standard!!

If Central soho is just a normal soho, why would anyone want to pay same rental compare to another condo with bigger space or 3 rooms Std size?

And for RM 2000 rental for a 731 sq ft unit and not select a 1200 sq ft at other condo like ARTE or Palace Court or Gembira Residenz or Midfields or KUCHAI Avenue?
So it's very very important that Developer and Mgt for Central Residence Soho to boast the image and exclusive Soho for KL people to know !!

Current Midfields renting is around RM 1500 to RM 1800
And there are 800 units to choose from!!

2 parking is found for most new condo as Std features.
High class individuals willing to pay high rental soho unless that soho is also an exclusive Soho too.

That's why I keep emphasize about high standard maintenance and not any type soho.
Reason because we paid very high cost per sq ft !
Our unit soho is NOT costing 180k or 250k Pre 2010 price when most condo are around this price.

This post has been edited by Citydude: Feb 5 2013, 07:37 PM

Ya midfield is now rm1800. 2 years later,guess what's rental? :-)

Midfields now can rent around RM 1400 to RM 1800 for 1200 sq ft size with full facilities, and YTL branding.
If it was not YTL, I think rental around RM 1000 to 1200 only.

In 3 years time, due to a large delivery of units from the current surrounding development, it will be a lot of choices to choose. 2011/2012/2013 are super good years for selling and owning condo etc. the owners of new condo in 2012/2013 probably bought their condo per boom period and now selling at crazy prices make at least RM 250K extra profit.
But those who buy condo in 2012 don't make so much and hopefully, the boom prices continued.

If not, there will be a glut of condo units to sub sell and rent out.

I wish I had a bought any condo prices at 2009/2010 prices. Current 2012/2013 prices are very very high prices, and don't allow us to make much and rentals are hard to calculate since we bought so high.
Midfields owners bought their units average RM 220k to RM 250K around 3 years ago. Pre boom period. . So to rent at RM 1500 they can cover maintenance monthly fee and bank loan.
We bought at 2012/2013 prices. It is very challenging for us to find anyone to rent our soho at RM 2000 prices in 2014/2015 unless our soho is KL ranking top 5 soho and not just another building in Sungei besi area .

That's a reality check.

This post has been edited by Citydude: Feb 5 2013, 08:15 PM

Okay let's see what happen 2 years later then. U might even laugh back after reading back this post that time.

If I can laugh back I be very happy
As I said for my case I cannot use my rental to cover my loan n monthly maintain fee.

I am paying well over rm 3800
A month bank loan for central etc
Anyone above 50 yrs old don't get 30 years loan. Brother !

And as such, it is not smart to pay till end of full tenure loan period etc
If I take 400k Loan n by time complete bank loan I would have paid 800k !
So it's far better to finish loan ahead of Loan period.

I see, mine is rm1800 monthly installment. Btw, u start paying interest already? Heard that pilling is done

At Midfields a security guard is station n sit on every car park floor to guard etc few CCTV cameras also place in every car park floors to check on activity etc

I hope our Central soho can do even better than this and with tight strict security, this can attract a PLUS POINT for finding tenants who ask for good place to rent