Lelong unit check in from Hatten Suites (hotel). Drop from 280k.
Now at below 170k.
Cheap enough?

C-24-25, 24th Floor, Block C, Hatten Suites @ Hatten City
Reserve price 🔥🔥RM167,000🔥🔥
Leasehold until 2110
209 sqft
Auction: 30-Jan-2020 (Thu)



Previous Auction(s) for this property
Auction Date Price
2019-12-30 RM185,000.00
2019-11-27 RM205,000.00
2019-10-29 RM227,000.00
2019-09-27 RM252,000.00
2019-08-29 RM280,000.00

Hi boss, any idea why it dips so much and still no one buying?

Quite true, my relatives recently bought a unit of double storey terrace from them, there are few defects (minor), was fixed within a few days upon report. The key handover experience is also one of the best (according to my relatives) in Melaka.

Not sure I trust two people who signed up just to post these obviously dubious endorsements. You could also look at this FB group called boycott to SPB: https://m.facebook.com/boycotttospb/#_=_

I have no opinion either way having never looked at an SPB property.

ETA not referring to Mr Loo.

This post has been edited by gypsyjackson: Feb 24 2020, 03:01 PM

Seems quiet here..looking for landed bungalow or semi-d around paya rumput area.

I've been eyeing on paya rumput perdana for a while. Not in urgency, so was thinking to wait until moratorium is over to see how the market price there change.. (auction unit perhaps?)

Budget max 500k, maybe can stretch to 600k.

This area gets very messy do drive in and out during peak hours.

Jam like in KL 🤣

Yeah it’s sometimes worse than that.

Hehehehe...
Also weekend in Melaka is crazy....
Many said better to use motorcycle than cars

hi guys hows PBRealty? saw they have this new upcoming project at bukit katil, i believe its called Molek Residence? so far hows the quality of this dev? any ideas?

Just wondering..if i buy hotel suites, can rent at my own or must handover to the hotel management to do business... 🤔

ya also same question here.

Hi guys anyone know about the imperio residence at hatten city ?
Anyone familiar with Melaka market ?
fully furnish 1 studio long term rent can go to how much at Imperio Residence ?
I saw iproperty is RM1200 but the question is there enough job opportunity there to allow workers there rent a studio but not landed house in Melaka ?

TQTQ

Job market is very poor especially without the proper infrastructure. Can see many office complxes/shoplots very empty even after a decade since completion. Public transport is non-existant. Melaka is primarily driven by tourist industry that only want short term rental and old settled families who still prefer landed.

- duplicate post -

This post has been edited by DragonReine: Nov 23 2020, 01:29 AM

Despite the high competition of AirBnBs in condos in Malacca, business is very good for those in it. This is an old video (1 year old) of a simple unit used as a AirBnB in Bali Residences. Had a chat with the owner recently and he mentioned that business is overall very good (over a 1 year period). Business has certainly recovered post Covid-19.

He did not share the exact breakdown of tourist, but if I were to guess, I would say it's due to the increase in local travel, tourist from overseas (especially Singapore as our Ringgit has tanked against SGD, not to mention the USD).

On a separate note, very interesting how this 'Bali Residences @ Melaka' is designed. Clearly positioned for AirBnB / short term rental. Rarely do you see condos with such a variety of facilities in Klang Valley.

2 lelong unit sold yesterday.

both at reserve price.
single bidder won unchallenged.

Good catch?