the bungalow price is cheap, RM277k that I think the quit rent is small and negligible.

yeah damn nice. anyone got shop lot at merdeka permai? whats the price now? roadside

Rotijohn, what is the average yield of shop lots in Melaka? Interested in going into commercial props in Melaka.

the rental is not very high yet in industrial area, average 1k to 2k(shop price 300k to 500k). but lotsa tourist coming in nowadays, tourist shop rental booming up like hell, around 10k to 15k(shop price more than 1M).

I feel that Melaka commercial properties are overpriced. The bubble will burst.

Yeah i think so. Some really expensive. And i find no reason why so expensive. Not a strategic location, but selling like crazy

I think for commercial props the rental yield shld correlate with the market price. Not sure about the rental yield in Melaka town. But the shoplots in Melaka Raya has appreciated crazily over the past 3 years. Just found this interesting thread, very updated news on Melaka properties.

http://www.skyscrapercity.com/showthread.p...112129&page=238

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Added on March 15, 2012, 3:26 pmYeah residential are still relatively cheap. Maybe it is all because of the tourist money that make the commercials so expensive.

This post has been edited by Mikken: Mar 15 2012, 03:26 PM

Hi, I am interested in a new development near Ayer Keroh known as Vista Kirana. It is the same developer as Taman Paya Rumput. I am keen in one of the bungalow- cost RM707,000.00, which will be my retirement home. As I am from KL, I am not very familiar with the location and development around that area.

I have also visited Taman Paya Rumput showhouses but all the non bumi units have been sold out. However, we find Vista Kirana is more convenient as it is nearer to the toll exit, the only disadvantage- it is leasehold (remaining 88 years unexpired lease).

Appreciate any feedback.

Actually Paya Rumput to ayer keroh tol is quite near if u go through the AMJ highway, my relative (the architect) said more house with design similar to vista kirana & Taman Paya Rumput will be launch in these 2-3 years. he said this kind of design will be popular soon...

I like the vista kirana too but as a Malaccan, 88 years lease hold period is not really my taste.

Try to avoid place like Malim, Taman Merdeka, and some other areas near to the river, anytime ur house will trap in flood...

I booked a unit at the Bayou Lagoon Resort some time ago....and then loan application got rejected by 2 banks, then I cancelled booking and got refund. Rejections felt like warnings from the Property God. Call me superstitious.

Anyone have units there? It's a GRR scheme, block B is nearly completed by now I think.



This post has been edited by BeastB: Mar 15 2012, 11:41 PM

It depends on what you want really, if it is a retirement home, just go for what you want...but for melaka's subsale market, it is kind of hard to sell leasehold properties...most malaccans prefer freehold properties...more emphasis compared to Klang Valley props i think...the first thing my friends and relatives ask when someone buy a new unit..Leasehold or Freehold?

so for capital appreciation wise, the paya rumput project has more legs to grow as it is a relatively new area whereas the Ayer Keroh is a matured area....pricing wise I think Vista Kirana is more expensive, which reflected the pricier land price..

Location wise, both are okay as it is still quite a distance to the proper Malacca town...actually taman paya rumput is nearer to kl compared to vista kirana..but vista kirana is nearer to the ayer keroh tol whereas paya rumput is about 15km to the alor gajah tol..but i don't think that nearer distance to toll booth should enjoy a premium price...

Vista kirana is a smaller project compared to paya rumput and yet the sales are slower compared to paya rumput perdana....already told you the market response to both projects which are quite similar in design.....

The paya rumput is sold out already? The last time I was there there was quite a few the Q type....and the odd lot types...I bought the M type by the way..

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Added on March 16, 2012, 9:25 amWow, leasehold highrise in Bukit Katil selling for RM200k, what is the catch with this development?

This post has been edited by Mikken: Mar 16 2012, 09:25 AM

[quote=Mikken,Mar 16 2012, 09:09 AM]
It depends on what you want really, if it is a retirement home, just go for what you want...but for melaka's subsale market, it is kind of hard to sell leasehold properties...most malaccans prefer freehold properties...more emphasis compared to Klang Valley props i think...the first thing my friends and relatives ask when someone buy a new unit..Leasehold or Freehold?

so for capital appreciation wise, the paya rumput project has more legs to grow as it is a relatively new area whereas the Ayer Keroh is a matured area....pricing wise I think Vista Kirana is more expensive, which reflected the pricier land price..

Location wise, both are okay as it is still quite a distance to the proper Malacca town...actually taman paya rumput is nearer to kl compared to vista kirana..but vista kirana is nearer to the ayer keroh tol whereas paya rumput is about 15km to the alor gajah tol..but i don't think that nearer distance to toll booth should enjoy a premium price...

Vista kirana is a smaller project compared to paya rumput and yet the sales are slower compared to paya rumput perdana....already told you the market response to both projects which are quite similar in design.....

The paya rumput is sold out already? The last time I was there there was quite a few the Q type....and the odd lot types...I bought the M type by the way..


Wow...no wonderr no M type left for me....u plan to stay or invest?

lkb,

Im also looking for a retirement home in melaka and im looking at the Taman Paya Rumput area. What's your opinion on the TPR after having visited the place?

Stay and invest....this prop will take sometime to appreciate to its potential value of RM750k to RM800k, maybe 5-8 years, so in the meantime, my family will stay there...

This post has been edited by Mikken: Mar 16 2012, 11:43 AM

oh, ur family staying there? u r not malaccan? buying this house is really burden when comes to renovation.
sometimes i will think it's too much to pay for this house and i should have buy 2 properties with these amount of $$

Only managed to view the show houses didn't really take a detailed look at the area and it's surroundings. I was more keen on vista kirana as it is a gated and guarded scheme with perimeter fencing and CCTV mounted at strategic locations. + its own exclusive club house. 

I also like the roads leading to it- lots of greenery with Melaka Perdana Resort on the right and Tiara Golf Resort on the left. Both these resort also have bungalow lots for sale and there is also semi detached and bungalows houses under construction for sale at the golf resort known as Tiara Ville. I have seen the semi detached show house, the resort is very nice but I am worried it may be too quiet.

TPR looks ok as it only consist of Bungalows & rhe design looks nice/modern- I like Amber & Quartz. IMO, TPR is value for money & it is freehold whereas VK is lease hold.  

Then looks like you already made up your mind. If it is retirement home, the leasehold and freehold status don't really matter, do they. Good luck with your purchase.

Ya, you are right, the status of the land doesnt really matter since it is not for investment purpose. If there is any capital appreciation in the future which will be likely due to the escalation of the cost of raw materials and labour, then is just a bonus for me. Thanks for your best wishes, in fact I have reserve the unit that I wanted with their sales ofice and will be dropping by next week to pay the deposit.

happy retirement in Melaka. it is a nice place really. similar properties cost 2-3 mil in klang valley.

Hi MLW, thanks for your advice pertaining to the flood prone areas.

As for Vista Kirana, I like the location and the road leading to it which looks scenic with lots of greenery, beside, it is fully gated & guarded with its own club house which fits my requirements. The only setback is the lease hold status, luckily it is not for investment purpose, otherwise, got to think twice.

By the way, any idea where will the new launching be in 2-3 years time as mentioned by you?

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Added on March 16, 2012, 10:47 pmMikken,
Totally agree with you that Melaka is a nice place to retire. Moreover, it is not too far from KL which I may need to go back once in a while.

This post has been edited by lkb: Mar 16 2012, 10:51 PM