Alot of vacant shop at PJ SS2 area. even business over 10 year above are closing down recently

eg
HSL circuit (bad debt),
Corner Lot Hong Leong bank,
Swenson (not renewing contract),
Italian Cuisaine Shop,
TransMobile/VCD Shop along savemart,
Duck Shop
Corner Coffee Bean Shop
Foot massage shop next to Pelita shop (Now DAP outlet)
Corner lot stimboat behind public bank change to bak kut teh recently
Yippee cup (Now Big Joe)
Seafood shop
Dfish restaurant etc,

Even have heard the professor outlet (shop selling school item) thought of dont want to do business instead of renting his shop by portion. the front portion rm8k middle portion rm 3-4k with opening at the side lane and back portion 3k also opening at the side. another miser and want tenant which is long serving rather than short one and dont want agent to earn commision oftenly. alot of business owner say what business can do by open door at the side lane except vice activities. selling item at back/side lanes must be a joke. alot of people say keep it better for yrself. That row of shop rental more expensive he say

In-coming a few more outlet (sweetheart/bubble tea outlet) will be closing as well bcos have sign contract but business bad and rental kills the business. Others will be the teo chew bak kut teh, hardware shop along macd, foot massage center, bubble teas around ss2, even chat time and other electrical shops along murni areas, seafood outlet behind previous corner hong leong bank, fook seng corner restaurant and some pharmacies were not looking too good.

Many people do gossip say give it another year or so will definately close down by then.

There is a shop selling fish head noodle, change to sell dim sum, chicken rice, bak kut teh, moving the stove in and out changing feng shui also no good. nobody makan, in time to come also closed. maintain the business bcos of contract. dont know what he want to sell later. like that do business sooner or later will ta pau

Alot of new business owners have alot of $$ to spent and lose, open/closed different type of business, but dont sustain long. even over 10 years business also closed

For Info Pelita shop Rental is up to Rm30k each month in negotiation with the owner, Vcd/mobile shop rm12k, Coffee Bean Corner shop RM17k. already few years vacant (plenty of $$) already loss few hundred thousand for no renting out cheap (stubborn/ greedy rather keep it vacant for almost 5 years)

As Survey if Rental increase alot the business will closed down eventually. even though if 5-10 years time down the road, rental wont increase, after 10 year definately will increase, what type of business can cater the for rental in time to come.

Any business owner whether in shopping complex or other area, if in time to come, if the rental increase can yr business cope with it?. majority of the profit will goes to the rental owners right

For investment wise if recently buyer buy few million shop but rental low and low occupancy is a bad investment. its is only good for owners who bought long b4 the price when up. even low rental is can sustain. some have few units just collecting rents

Property agent is so happy bcos old occupancy leaving and new one coming in and earning 1 month commision for rental for the agent. for owner is not happy losing 1 months on and off for business open /closed etc bcos 1 month rental is alot

Reconsider of buyer expensive property bcos its very difficult to rent out or sustain long.

Before a business is open need alot of $$ to renovate/rental/ deposit/overhead workers/time etc, how long do the business need to sustain in order to see profit before the rental increase again

Funny thing is for even 10 years above, alot business outlet is closing down recently. new one dont know how long it can last

if a property does not rent, indirectly is losing $$ whether more /less $$. just see how long the property can rent out and loss how much $$. Waiting for durian to drop/ fishing/ miracle

For well known Area like SS2 area, business is dropping alot and shop vacant alot do u think other further away area will be better off in time to come. Dont think so right

In order to kill a business is the rental. Increase the rental, then the business will be affected. even if yr business move to other places, will the customer follow the business, no right.

SS2 is famous for buying handphone bcos is cheap(wont get any area selling handphone within PJ distance) and food court/wet market/electrical shop/alot of banks around / murni/ big joe etc there.

Even house property rental also dont fetch price at the area. buying almost a million property renting RM1800++ for the whole house 24 * 80. for staying only not commercial.

As for the house facing the main road say can do business at yr own risk and property can sell more expensive. Seldom see people going in to the house and only often see mbpj going to saman them for doing business. plenty of $$ to spent and lose. wasting time

do u guys think property can go further is the rental dont fetch price? business dont make $$ to cater the high rental.

This post has been edited by mlpk: Apr 20 2013, 02:04 PM

Houses that is facing the main road, said to be converted to commercial is bullshit. as many of the agent say its up to the tenant taking own risk to use for commercial. its a gimmick that wants to sell/rent higher price for houses at the main road. open/closed business and always mbpj come to saman also still open. Good for property agent earning commission open/closed

There is a house owner (old lady) which is tenanted to a beauty business at ss2/66 opposite Dim sum/Peng Ann chinese medicine shop (House next to pristine laundry business) is making trouble for the business tenant whereby non stop fighting (sue each other),breaking main glass door, blocking the entrance with car, flower pots, splashing shit/urine at the front door daily, kicking the main door to let off the siren alarm, police patrol car coming over to the house. alot of the neighbouring business were fighten that their business will be affected due to illegal opening of commercial business at the house.

the story were told that tenant dont want to paid rental, was told some private renovation cost alot involved and were to deduct rental and have sign 10 years or more and the owner denial about it and starting to make trouble and no choice the tenant still stay on. Their business have affected alot. have been fighting daily for sometimes. the owner of the house (old lady say whereby son and husband abandon her) have a bad altitude likes to steal peoples things like flowers pot,fish etc nearby. alot of neighbour have complain about her.

so rich talking about her house can sell more 2 mill bcos of renovation etc also no use bcos nobody wants her bcos very troublesome, some people told her to wait for it to raise to 100mill or more only sell.(some say got money also dont buy, very sui). Whoever rent her house is looking for trouble in future. Even tenanted a room a lady, the owner reluctant to give her back her deposit and giving alot of excuses. Terrible person and always telling lies and conning people etc

Better survey around and ask around carefully before buying or renting a place.

This post has been edited by mlpk: Apr 30 2013, 11:31 AM

as mention earlier the chicken rice shop opposite swenson pj ss2 already closed off today. more and more vacant shop in pj ss2. 2 shop lot HSL ss2 also going to closed and is having warehouse sale now.

alot of those seller is increasing or some have increase their price at up to 10% ahead of the GST. This is getting worst, if no business alot more will closed in future.

alot of different business is affected already. slow down alot more than 70%.

just see how long can it last

This post has been edited by mlpk: May 10 2013, 11:02 PM

hope it can sustain. few ss2 double storey 24 x 80 terrace renting for rm1.8k have been few months vacant no takers with many agents still advertising(alot of prop agent are bullshiting around saying have ready tenant etc. when have property to rent , agent will say difficult and have alot of excuses here n there and when dont have will say have ready tenant. boosting around)

Never believe in them. better do it on our own and save 1 month rental.

Not an expat area can the rental go higher or fetch price. Even sharing the rental among few sub tenant is difficult. collection part will be the problem for the head tenant monthly right. not furnish some more. touchup wear n tear parts etc. alot of hidden cost invovled

property renting is still low in this area.

As heard from few existing owners of the double storey house, water leaking from roof and replace of the whole roof tiles of the house need at least rm40k++. Renovate or fix wear n tear will be costly for a old house/shop. so if buying a house almost a million and renting rm1.8k (difficult to rent out ) and if for own stay need to renovate the 40++ year old house, few hundred thousand ringgit need to fork in to tear the place down and build and renovate it. is it worth it?

The question is if for investing purpose the rental is out. will property go up ask yrself. if rental dont fetch price will property go up.

wondering just see how long it can rent out or last (hidden inflation cost is getting higher, and see it can be sustain. its not going in tandem. loop sided ways will break off sooner or later not balance)

its like investing in share market, margin account buying shares qty with borrow $$. instead of property nor shares buying ahead with incurred hidden interest waiting for it to go up else will eat in to it by the interest. Property run or share market Bull run.

eg.
invest in property rm500k will go up in future but limited and tedious to sell and takes long time and tedious process to get $$. alot of hidden cost/maintenance/tax/fees etc alot of parties involved. min 6 months

invest in share market rm500k buying blue chip eg genting (bull run coming nobody knows) paper gain/loss with dividen/bonus/split issue etc. 3 days can get $$ after selling

just different scenerio of investing

This post has been edited by mlpk: May 11 2013, 12:32 AM

alot of the condo is still vacant and plenty waiting to sell. expensive to rent. as many say for own staying. some condo prices is even more expensive than klcc/golden triangle area.

when the nearby condo have completed even worst, like atria,uptown etc alot coming up and for rent or vacant

for investment buyers, percentage is low, no point investing when the price is near the top and return is low. unless for own stay

inflation rate is increasing whereby eg ss2 soya bean van seller at road side have increase 10% ahead of the GST increase of 6%. and many more outlet have already increase

if electric/water/ other utilities/ petrol/ food/education/medical etc increase, it will definately have impact

if 1care 1malaysia medical implemented even worst 10% off yr salary even month, even worst

get a feel of the heavy burden on yr shoulders, will eventually know how it is, whereas people tell wont listen or half heartedly, normally people learn the hard way. what people want we also want right

hope it can sustain/maintain, else...

This post has been edited by mlpk: May 12 2013, 01:43 PM

try increase rental n see yr tenant run away or not. will give excuse their new condo/house is ready to move in already will give u notice in advance.

another headache finding good tenant and alot of hidden incurred.

ss2 big joe outlet boss is delaying not paying their staff gaji, pending n alot of staff have to gadai their h/p to get cash. will sooner or later close shop. food dirty n not tasty

korean outlet next to big joe n chinese steamboat shop a few shop from digi shop will sooner or later closed shop. nobody at all

ss2 dfish outlet n teo chew bak kut teh shop already close shop.

previously ss2 big duck shop already vacant long time nobody want to rent

previously ss2 swenson now replace by ipoh big tree noodle also will closed sooner or later bcos their food were bad.

ss2 professor shop from ground shift to 1st floor whereby ground floor is vacant for rent.

hsl outlet is waiting to closed shop. time not up yet

pontian noodle shop looks like want to closed. nobody daily
previously transmobile/vcd shop now renovating want to do cafe n restoran.
previously corner ss2 hong leong bank now renovating for nandos chicken. more expensive than kfc. daily kfc also like no business already

can all this shop survive the rental of rm20k monthly with this kind of business. wasting time

The only business there can sustain is murni. business is damm good daily. cheap, tasty and big portion. beside other business like bank, 711, starbuck, macd, poh kong etc.

others all waiting to close cannot last long sooner or later. unless the business owners own the shop there.

This post has been edited by mlpk: Oct 14 2013, 05:22 PM

rental will kill the business. as well as the renovation of the shop. alot of the shop were dirty due wear n tear. need massive renovation thats cost few hundred thousands for 4 storey shop lots.

shop owners will be happy if the tenant renovate for them to due business. laughing

in order to cover back all the expenses, the tenant needs to wait for few years to breakeven and in order to cover back the overhead expenses, renovation, utilities, workers wages etc probably unpredictable

This post has been edited by mlpk: Oct 14 2013, 11:30 PM

even an rich uncle do say what type of business can do in ss2?? even have $$ dont throw/spent for the sake of doing business. wasting time, $$, effort etc.. alot of business cant sustain long open/close shop. plenty of $$ to throw

in ss2 their is alot of weird/rich/gila customer. important cheap (value for $$), big, tasty etc in order to scrap thru else forget it. if want to get rich fast in ss2 just forget it. have to slug for long time

burgerlab the food is consider expensive. how often/always can people eat at that price. the food is so so not that great n be immune in time to come. for ss2 area majority is old people staying there n will not always eat fast food and very thrifty in their spending.

but no harm can try. just look at macd promo price is so cheap daily for lunch dinner at rm6.30 per set the cheapest. competition is there.

in ss2 area in order to do business have to be cheap first and big in portion and tasty. just survey murni daily and their prices. why is it always pack with people. can people follow the way it operates? no bcos alot want to sell high price/ profit

alot of competitors in ss2. in order to compete and stay long, the business or backup power must be real strong else waste of time and money. rental is high and overhead etc

new opening at pj ss2 shop

1) next to pelita shop (porridge shop)
2) next to salvation shop (rekindle coffee shop)
3) few shops away from digi (Big mouth burger shop)
4) previously swenson shop (now ipoh big tree noodle shop)

big mouth burger shop no business daily. wondering how long it can last

recently new porridge shop open next to pelita ss2.

recently the nando chicken ss2 beautifully renovated is pack with people.

ss2 pontian wantan mee shop closed

both hsl shop closed (rumours say esh have bought both shop for 11 million. 5.5 mil each

ss2 professor shop shifted upstair and downstair open a new restoran crab factory by the owner daughter (professor shop owner) dunno how long it can last.

ss2 100 yen shop next to ambank closed down moving to kepong after 6 months shifting here n there

big mouth burger shop business not doing well. very little people eat there.

new porridge shop next to ss2 pelita also not doing well.

both british malaya coffee house next to kfc ss2 also closed shop already.

majority people say whoever open business will eventually closed shop due to high rental and hidden cost

majority of the ss2 food court already jackup price alot recently

This post has been edited by mlpk: Jan 6 2014, 02:23 PM

alot of people trying to open business on and off but can their business sustain the high rental and hidden overhead monthly.

it is pointless to do business and wasting time and effort just to maintain the business and making loss monthly. just dont understand sometimes alot of business owners have plenty of $$ to spent/invest but not going anywhere and some more loss $$ and close shop.

even those old timers doing business for decade is closing down. can the new one be that successful. if people have that kind of $$ better keep it rather than wasting/dumping to the drain indirectly.

majority dont have passion for their business they open as can see. alot is half past six altitude for the fun of opening business and be boss. dump $$ lose never mind plenty to lose. easy come easy goes

majority of the business owners dont have skills/passion in their business. alot of them rely on their workers. if their worker resign oneday maybe the business will go kelam kabut. how long can they maintain their workers and is their any future for them by working there? No right just temporary is ok but not for long.

workers working in those shop/business have no future for them. dont waste time

alot of old timer either is retiring and whereby the new generation dont have the skills/mindset/lazy yet to maintain the quality/ to take over the business yet bcos new generation people are lazy and just want to to get rich fast mentality. talk more work less (goyang kaki/ walk walk stand stand altitude dunno what they want to do or good at) no $$ just ask from parents.

alot just waiting for miracle to comes/ just pass time daily. no direction at all

This post has been edited by mlpk: Jan 9 2014, 02:07 PM

shop owners doing pork chop business for very long time. also selling h/p, reload, h/p accessories at the shop.

their price is quite steep.

majority of the crowd going to fast food outlet eg macd,kfc, murni, food court only.

people who open business at the double storey houses were having difficulty with their neighbours. whereby neighbours voice out to them houses were mend for staying and not doing business. if dont have $$ dont open business if want to do business better do it properly at a proper shop instead. seldom people walks in those doing business in the houses.

customer cars parking along the roadside of the house and causing traffic jam.

business people were getting out of hand opening more n more along the road. even opening cafe etc. rather ridiculous have plenty of $$ to spend for renovation, giving saman etc but reluctant to rent a proper shop.

prefer to get saman from mbpj monthly/weekly/daily

This post has been edited by mlpk: Jan 9 2014, 02:11 PM

will take along time to execute. talk only

opening business not for long term. those business cant last for long due to high rental. even if own shop, it can rent out with better price, hassle free rather than opening business

crab factory price is fantastic high. more expensive than eating abalone. expect daily people to eat crab sure pokai. place is so cramp and stuffy. not comfortable at all. turnover of staff will be high, dont expect those youngster to work there for life, no future and how much it can pay their salary.

open business which everyday people can afford to eat or spend.

those tenant renting in and out, the property agent is so happy earning commision. better if the tenant move in and out. who care about their business anyway. plenty of $$ to spend.



This post has been edited by mlpk: Jun 19 2014, 10:57 AM

latest update ss2 blacklist cafe corner house n the corner house that selling nasi dagang behind rhb ss2 is closed

probably resident complaint. alot of people going in n out of the place n noisy

http://www.thestar.com.my/News/Community/2...ng-in-one-unit/