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 Scott Garden Old Klang Road SOHO, -dead, alive or roaring soon?

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shadow_walker
post Oct 16 2013, 12:47 PM

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QUOTE(juststayreal @ Oct 16 2013, 10:18 AM)
2k++ rental? bullshit la.
If you compare this SG SOHO with other similar properties (based on sf and market price), its average rental price should be among 1.2-1.4k.

Invest in SOHO is RISKY, especially in country like Malaysia. Even shops and office lots in city centre (OKR is more like a midway between great business areas) can't be fully occupied, you want to invest in SOHO in a place rather.. notorious,  cannot la. SOHO is good if it's in strategic location and tranquil surrounding, but obviously it's not the case here with all the pubs there.

Only SOHO built in exact KL centre (KLCC) can be profitable.
Although I live near here (Taman Desa), I don't see much potential in it and the public security might get worse as well. Just look around that area, shops near SG are so old and broken, how can it become a thriving business district?
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i think the only SOHOs development in KL thats kinda okay is Axis Sohu & Centrio

1) Axis Sohu - helped by the connectivity of it (LRT at doorstep, beside mrr2, expat market there, shopping complex upgrading below)

rental around 1.8k-2k for residential use, biz use (2.5k-3k rental)

2) Centrio- very nice surrounding,design,very high class, located at Bangsar

rental around 5k for soho (office use)

Scott garden not much info yet.

any taikors wanna share real life info? tqvm notworthy.gif notworthy.gif notworthy.gif
Clement1001
post Oct 16 2013, 12:48 PM

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most of the purchaser are still holding strong at RM460K and above. The only investor who are making profit will be those block A&B. For those who have bought block C, might need to wait few more years for the OKR to redefine itself.
Glcotan
post Oct 16 2013, 02:19 PM


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QUOTE(shadow_walker @ Oct 16 2013, 12:47 PM)
i think the only SOHOs development in KL thats kinda okay is Axis Sohu & Centrio

1) Axis Sohu - helped by the connectivity of it (LRT at doorstep, beside mrr2, expat market there, shopping complex upgrading below)

rental around 1.8k-2k for residential use, biz use (2.5k-3k rental)

2) Centrio- very nice surrounding,design,very high class, located at Bangsar

rental around 5k for soho (office use)

Scott garden not much info yet.

any taikors wanna share real life info? tqvm notworthy.gif  notworthy.gif  notworthy.gif
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Centrio is not in Bangsar.. should be pantai dalam..

rental lower than 3k can get

This post has been edited by Glcotan: Oct 16 2013, 02:20 PM
shadow_walker
post Oct 16 2013, 04:41 PM

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QUOTE(Glcotan @ Oct 16 2013, 02:19 PM)
Centrio is not in Bangsar.. should be pantai dalam..

rental lower than 3k can get
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hahaha correct2..bangsar south or sumthing..lulzz

yup the 5k rental figure i got from my lawyer..his office is at centrio, the bigger ones at the 3rd floor so they have this nice lawn outside office. maybe thats why more exp
RomaNce
post Oct 16 2013, 11:13 PM

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I m not a agent. I am owner of SG sohos. Confirm 2 to 2.5k rental for 775sf ff unit. No need to prove n is up to individual believe it or not.
Glcotan
post Oct 17 2013, 06:17 AM


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QUOTE(RomaNce @ Oct 16 2013, 11:13 PM)
I m not a agent. I am owner of SG sohos. Confirm 2 to 2.5k rental for 775sf ff unit. No need to prove n is up to individual believe it or not.
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2-2.5 no need to prove,it's there.
Asali
post Oct 17 2013, 07:59 AM

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Majority rental rate is around 2k and above or some owner just being too lucky?
ahdar
post Oct 17 2013, 09:11 AM

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How is scott soho sub sales market? Occupancy rate more than 30%?
max2k
post Oct 17 2013, 02:16 PM

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QUOTE(ahdar @ Oct 17 2013, 09:11 AM)
How is scott soho sub sales market? Occupancy rate more than 30%?
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It's was written in the earlier post.
Damonzero
post Oct 17 2013, 08:15 PM

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Just check with the agent, rental is RM1.8k - RM2k.

Occupancy around 50%
Glcotan
post Oct 17 2013, 09:24 PM


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QUOTE(Damonzero @ Oct 17 2013, 08:15 PM)
Just check with the agent, rental is RM1.8k - RM2k.

Occupancy around 50%
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50%!
I certainly dont see that much lights at night.. will try to take photo next time
max2k
post Oct 17 2013, 10:41 PM

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50% occupancy ? Don't think so.. Go there at night u ll see
cybermaster98
post Oct 17 2013, 11:14 PM

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QUOTE(Damonzero @ Oct 17 2013, 08:15 PM)
Just check with the agent, rental is RM1.8k - RM2k.

Occupancy around 50%
Im sure u know better than to trust agents rite? Go ask any agent in Mont Kiara and they will say occupancy rates are min 80% at each condo. But take a drive around at 8pm at night on a working day and ull see the complete opposite.
Neil_Old
post Oct 17 2013, 11:58 PM

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QUOTE(Glcotan @ Oct 17 2013, 06:17 AM)
2-2.5 no need to prove,it's there.
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Yaya confirm 2K+, those 53 SG condos listed between RM1350-1500 in iproperty (last 2 weeks) is all fake. Don't forget many gweilo there also, very popular with the expats. But last but not least, don't forget no need to prove anything.


Damonzero
post Oct 18 2013, 07:26 AM

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I think the highest can fetch 2k, 2.5k i dont think so (as of oct 2013)
Glcotan
post Oct 18 2013, 07:39 AM


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QUOTE(cybermaster98 @ Oct 17 2013, 11:14 PM)
Im sure u know better than to trust agents rite? Go ask any agent in Mont Kiara and they will say occupancy rates are min 80% at each condo. But take a drive around at 8pm at night on a working day and ull see the complete opposite.
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Need to take at least 30% discount from agents words
meteoraniac
post Oct 18 2013, 08:10 PM

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QUOTE(Damonzero @ Oct 17 2013, 08:15 PM)
Just check with the agent, rental is RM1.8k - RM2k.

Occupancy around 50%
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20% max.
Glcotan
post Oct 18 2013, 08:33 PM


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QUOTE(HeartRock_Cafe @ Oct 18 2013, 08:08 PM)
many asking for rm1.5k nia  oops.gif

https://forum.lowyat.net/index.php?act=Sear...&highlite=scott
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jia lat.. 1.5k cannot cover installment le
Glcotan
post Oct 18 2013, 08:36 PM


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QUOTE(meteoraniac @ Oct 18 2013, 08:10 PM)
20% max.
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ya.. i estimated 15-20% only
cloner
post Oct 18 2013, 10:53 PM

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unit 460k for sale.. owner letting go coz going for something bigger ...
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