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 Melaka property, Let's discuss melaka property here

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AMINT
post Mar 4 2013, 07:41 PM

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Guys, in melaka, which commercial area tht can consist of these: freehold, ROI 6% and above, price at rm600k min and below rm2 mil and business is good in that area? I wanna go into hatten city but leasehold, right?
AMINT
post Mar 7 2013, 07:17 AM

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QUOTE(ROTiJOHN @ Mar 7 2013, 03:53 AM)
Do u want to consider sunpower 3 storeys shop? Free hold, road side
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Oooo who are the anchor tenants there?
AMINT
post Mar 7 2013, 11:57 AM

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QUOTE(Mikken @ Mar 7 2013, 09:14 AM)
Hi, just go into Melaka Raya shophouses as it is the main commercial area and is thriving. Not sure about the ROI though but many units are below 1 mil.
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Thanks bro. I am looking over melaka too as KV investments are getting lousy imho
AMINT
post Mar 7 2013, 06:11 PM

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QUOTE(ROTiJOHN @ Mar 7 2013, 04:38 PM)
I think got some hotel and supermarket opening there
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Thanks bro
AMINT
post Mar 8 2013, 08:09 PM

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QUOTE(haicaramba @ Mar 8 2013, 08:07 PM)
The Wave by Faithview... rm358K for a 624sft unit, with lease back guaranteed return at 6% per annum for 9 years.
Doesn't sound too great though, but should be sufficient to cover monthly installment & maintenance maybe.

The Green which cost rm550/sft & launched earlier this month, left only around 15 units when I called this morning, on 38th and 39th floors.
And the company hasn't even complete the website for it!

Both are service residents on commercial land if not mistaken... and both are LH but command that price! Amazing!
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Why melaka props mostly leasehold? Cheng tesco also leasehold, right? I am not that familiar with it

 

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