Investment OPUS @ KUALA LUMPUR, JALAN TALLALA [OT], Your neighbor will be 118 Storeys.
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 Nov 3 2021, 03:24 PM
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#1
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Senior Member
2,834 posts Joined: Dec 2020  
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The entrance to the project is really chap with old shops - many unoccupied. It does bring down the luxury vibe.
The lobby etc looks great though. That being said I scouted around on Airbnb recently and it seems to be doing well for that market renting out at RM 220+ per night. |
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Feb 13 2022, 08:02 PM
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#2
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2,834 posts Joined: Dec 2020
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Finally stayed here via Airbnb for market research purposes and I get the selling price now.
This is potentially a powerhouse for short term stay once all the Merdeka area in front is completed. It is noisy though but it has good sound proofing. The quality of the building and units is good and the 700 sqft one bedders feel luxurious. Facilities feel basic but everything with this building is for the views. This post has been edited by Cavatzu: Feb 14 2022, 03:25 AM |
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May 8 2022, 11:31 AM
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#3
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2,834 posts Joined: Dec 2020
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QUOTE(Babizz @ May 8 2022, 11:18 AM) Passby this opus very often. Until now with the economy reopening, occupancy is still very low. They need 118 to be completed as well as the Belfield Tunnel and reopening of the main Jalan Belfield so it becomes a bit more livable. The shop lots it’s attached to needs to be rejuvenated also not to mention the closed old hotels next to it. The pricing was really future future valuation. Sorry for any owners with liquidity issues. This post has been edited by Cavatzu: May 8 2022, 11:33 AM |
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Sep 13 2022, 12:35 PM
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#4
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2,834 posts Joined: Dec 2020
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QUOTE(Najibaik @ Sep 13 2022, 11:57 AM) look at fb comment, all are saying pocket money in from left and out to the right There is an element of truth to it of course with PNB swinging the deal in their favour. But it’s also necessary to update a 30 yo office. Building a new one now would be a real capital sink. |
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Jan 6 2023, 05:23 AM
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#5
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2,834 posts Joined: Dec 2020
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"I rented an apartment with a good view of the tower so I could conduct surveillance of the building.“
Yay business for Opus it looks like from the Russian climbers. Positive marketing angle for the owners here. Yup this is Opus facilities deck.  This post has been edited by Cavatzu: Jan 6 2023, 06:40 AM |
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Jan 6 2023, 11:14 AM
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#6
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2,834 posts Joined: Dec 2020
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QUOTE(se800i @ Jan 6 2023, 08:38 AM) she is now being called by PDRM.... No play play climbing up of our country asset without any permission. She’s got some balls on her. How is this more egregious than selling KL tower for less than a semi d in DPC? |
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Jan 25 2023, 05:28 AM
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#7
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Senior Member
2,834 posts Joined: Dec 2020
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Opus has vp since 2019 and has been quite soft in the rental demand but Airbnb has sort of kept it afloat. A whole 5 years to wait if 118 opens by 2024. It will be the only option to live in this area for a year perhaps until Sunway VPs.
There should be a lot more lelongs but it’s a different class of buyer. This post has been edited by Cavatzu: Jan 25 2023, 05:29 AM |
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Jan 25 2023, 01:53 PM
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#8
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Senior Member
2,834 posts Joined: Dec 2020
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QUOTE(gks @ Jan 25 2023, 01:47 PM) I think completion of and full operation of PNB118 will have minimal impact to Opus subsale and rental demand. There are plenty of accomodation which way better located than Opus around PNB118. Not only that with MRT, the workers better stay in places Cheras, Maluri etc which has more amenities and cheaper rental than Opus. If like that then the only saving grace are Chinese families that want their kids to get into Kuen Cheng. I also think young expats would like the vibe in the Petaling St pubs compared to KLCC which is more stuffy.The most important is aside local companies such as Maybank that already committed to move, any MNCs will set a their base in PNB118. MNCs are generally recruit regional Expatriates which are more willing to pay higher rental. In any cases, these expatriates probably more interested to stay around Bukit Bintang, BBCC TRX instead of Opus. My 2 cents. Prestige properties around KL are really very cheap to rent for people with stronger currency. This post has been edited by Cavatzu: Jan 25 2023, 02:02 PM |
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Jan 25 2023, 08:22 PM
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#9
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Senior Member
2,834 posts Joined: Dec 2020
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QUOTE(gks @ Jan 25 2023, 05:29 PM) The proof is at the pudding. I believe at the moment expatriates with higher budget prefer area around klcc/Bukit Bintang rather than Pudu/PS. Currently Lucentia@BBCC command highest rental rate amongst all condos in Pudu/PS. Any expatriates that work in PNB118 will take Lucentia as preferred accommodation instead of Opus. For ppl who stay in KLCC, they usually go to Pavilion for pubs. I can only speak from a pub perspective. It’s not interesting or fun in KLCC/Pavillion. It’s all too structured. It will work in a pinch but not fun. There’s some real gems in the speak easy culture of Petaling St.Speak about Kuen Cheng, if the appeal is so great amongst chinese families, why Opus is struggling given that they are the only condo in the near vicinity? Furthermore only like 350 units in whole development. Until 118 is a thing, Opus will suffer unless you’re some daredevil. This post has been edited by Cavatzu: Jan 25 2023, 08:22 PM |
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Jan 26 2023, 03:04 AM
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#10
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Senior Member
2,834 posts Joined: Dec 2020
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QUOTE(gks @ Jan 25 2023, 11:50 PM) That's new for me. Expatriates.choose their accommodation based on pubs. Haha. It’s a bit of a stretch but it can be a dealbreaker when you’re selecting among places.This post has been edited by Cavatzu: Jan 26 2023, 07:03 AM |
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Jan 26 2023, 05:58 PM
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#11
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Senior Member
2,834 posts Joined: Dec 2020
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QUOTE(gks @ Jan 26 2023, 04:08 PM) I am sure you have your own experience and criterias to choose investment properties. Well if that's how you invest a property, all the best. I put myself in the shoes of the target clients - trying to understand if there is any market segment that would be interested in your property and why. This then informs you of your entire renovation and marketing strategy to attract the right client. In this instance Opus is pretty much an Airbnb property. Sunway will be the ownstay/long term tenant equivalent. |
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May 17 2023, 08:30 AM
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#12
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2,834 posts Joined: Dec 2020
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Not many units available to rent on the market. Is this project finally buoyant and self sustaining? Or are they all Airbnb? Asking prices in the $4 psf mark.
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Jan 6 2024, 09:05 AM
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#13
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2,834 posts Joined: Dec 2020
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QUOTE(hihihehe @ Jan 5 2024, 03:07 PM) most of them are airbnb i believe Still cheaper than getting 2 hotel rooms in Four Points.stayed there for 2 nights during NY. it's not cheap but we rented 3 bedders unit. other units in the same floor also doing airbnb the facility and rooftop are very dark too and security will chase people off once past 12am |
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