Hi,i jz bought an unit apartment at Cameron Highland,with 1k low downpayment...at subang parade roadshow,by lbs project,exclusive by big house marketing,is it any comment?

how much?

pls pm me info.

My home town is Cameran Highlang

Hi, which proj u bought? mind to share?

Is this the project ?

http://www.iproperty.com.my/news/5279/lbs-...nds-development

It's in Tanah Rata.

Is it good for own stay or investment ?

share more details abt the property bro

According to the iprop data, 5 storey shop apartment. Likely no lift. That's RM406,000 up. Don't play play it's higher than most of Klang Valley.

I jz bought it 366k,883sf fully furnished,5 storey wif lift...nw enjoying parent days rebate...very suitable for investment...low entry ma....rebate 8%+7000 on downpayment...n nw still left not too much unit....this is new concept....
In between tanah rata n brinchang...new medium high end township...

Nt suriana apartment....but somersquare shop apartment...
I go subang yesterday...i c a lot of purchaser signing s&p there n i was chat wif them n very agreed that what r they suggested...actually ,the agent provided rental mgt,but most of the purchaser will be sales after get vp...bcoz enjoy early bird price n jz 1k downpayment...

LBS project....

Lbs ah reliable or not

Have you thought of convert it into a guest house? Many apartments in cameron do that.

Maybe can oso...becoz rental by daily there,but i more prefer direct fleet after get vp...

I jz visit the show room half hour ago....walao...good..li very confident wif this project...realy is another low entry investment

over pricing product

Haha it's good that you have good confidence with something you committed.

It's just that not that many people would share your optimism.

366k - assuming 100k for furnishing = 266k for 883 = 301 psf.
pricey.

Also a typical rental return have to be put forward.

It's rental for tourist, we cannot assume everyday also got tenant. If everyday got tenant, sure laugh all the way to the bank one !

Yalo...tat place oso depend on seasonbut at least can cover or overcome my installmwnt figure is enuf...on the same time,i earn the property appreciate figurw..rite?

Yalo...tat place oso depend on seasonbut at least can cover or overcome my installmwnt figure is enuf...on the same time,i earn the property appreciate figurw..rite?

So do you mind sharing with us that how you calculate rental return, to see if it is enough to cover installment ?

btw, it is not fully furnished. it is partially furnished.

rental management/big house will quote you x dollar for the renovation + furniture. if the x dollar is too much, would you accept?...

once you agree to pay plus their so called "rental package", then they will proceed to renovate your unit and rent it out.

"rental package" - they will rent your unit out for RM 300~400 per day. then they will deduct some management fees (assume 50%/RM 150~200) from your rental. you only left RM 150~200 earn.

assume full house for all the unit during weekend:-

1 month = 4 weekend = 8 days
projected earn = RM 150 * 8 (min) ~ RM 200 * 8 (max) = RM 1200 (min) ~ RM 1600 (max).

normally, a decent hotel/resort only get 60~75% occupancy. Somersquare has 512 units, what is their strategy to rent it out at 100%? any marketing plan? which unit gets the highest priority of renting out since it is not GRR? what is the name BIG HOUSE going to use for renting out your unit? BIG HOUSE RESORT? SOMERSQUARE RESORT?

there are still a lot of grey area in this package.

LBS wor....

This post has been edited by dream.angels: May 17 2013, 02:05 PM

Good analysis ! Clear enough to show that it might not be as optimistic as we look at it on the surface.

Puchongite..realy?y u so clear wif tat?but rent out...is no need so fully renovate...n the managemwnt will be charge 20% as comission included house keeping...so,who shuld i heard?

Haha I don't have the answer to your question(s).

If you think your data is accurate, then use your data. I am just saying without proper analysis and data, we could be jumping to wrong conclusion. Remember, I asked you to show us your calculation. I also want to know.

If my laon is 360k,for 30years installment is 17++
17++/350=4.8days
So mean i jz rent out 6 days can cover my installment n management fee...
Other than that,is my earning....
Simple n easy calculation...
If i dun wan do the rental,i can direct fleet...still xan earn lo...
Rite?

I worked in Cameron b4- hotel industry...just a note, avoid carpet on the floor due to cameron weather..need a lots of work & maintenance...
well, do the developer guarantee return every month? if yes...great....if no, my experience most probably you still need to top up money to cover management fees, service charges, misc charges....

Best to ask developer to commit in black & white agreement. Once you signed S&P and loan agreement, developer transfer risks & liabilities to purchaser...

Good luck.,

sharing from experience...

after few years, the management team will ask owner to do renovation to up keep the property...if you dont agree to it, your unit will be quite hard to rent out due to condition and again weather in cameron highlands.

Bear in mind, Holiday maker always choose better condition unit...in short, you will lose out - return of investment & occupancy rate of your unit.

another question, any units kept as develor's unit - not for sale...

if Yes, ehmm.... not a good news for purchasers....Developer will always rent out their units before yours....simple logic and common practise.

I am sure developer will hold some unit

1) if sales is good like hot cake, director will keep some for themselves (corner unit/good facing)
2) if sales is bad.... For sure they will be stuck with unsold unit

Either way, they will have some and theirs will be given priority when it comes to rental

If I am not mistaken, this project is called "Golden Hills". It's a township concept c/w Banglo, semi-detached, double-storey, shoplot, apt etc ... I just checked-out the double-storey, selling rm498k++ & all 100+ unit sold except for bumi units. Can believe that?

It's not a new project. Launched back 2010. Why is that so great ?

wah... so great ... in cameron all double storey all sold out....

I m actually quite interested until I saw its leasehold.....

As my understanding, there is only Leasehold in cameron Highland ...!

No...got free hold land title also....habu height Felicia terrace s free hold....

wow..i was about to buy one unit but the negative comments were so overwhelming.

Those who invested in Cameron's have 2 choices I.e. Either to rent out or take it as their holiday home. No regrets at all. Being well traveled, certain places in Malaysia are much more better destination than many. It's a sad thing that people over praised on foreign countries, whereby our local destinations are world best. Hearing squeals & squeaks from others of how fun to pluck strawberries in foreign countries....in Cameron's, strawberries are in season throughout the year. I once laughed when a foreigner asked a guide whether Cameron's has 4 seasons. I came to believe some Malaysians will asked the same question....

What u said is correct.

Luckily is not near to Ringlet the famous water dam

Mind sharing wat r -ve feedbacks?

Read the earlier posts by others

this one is richman product, can buy as a holiday home.
But I am doubt on the capital appreciation.

Property price increase because there is a real demand for stay.

You can see why alots of resort style property in Melaka and Port Dickson all fail.

Somersquare Phase 1, Cameron Golden Hills keys ready for collection.I am one of the owner there anyone bought any unit there?

congratz

Hi, we just collected the keys. We have appointed a local friend to help in management of daily rental. If you need help can call him. He is Kenny, his contact no is 016-4305513.

SII-3A-11 Somersquare II @ Golden Hills, Cameron Highland Homestay
1. Sunday to Thursday –RM 180.00
2. Friday and Saturday – RM 250.00
3. Public Holidays –RM 250.00
4. House Keeping – RM 50.00

Owner Yong 012-2321098

Owner who intent to collect keys and plan to stay overnight in Cameron Highland can contact me special discount will be given

where is Somersquare II @ Golden Hills located? within walking distance to night market brinchang?

Yup, only 1km from night market.My guess prefer to walk.

Fully furnushed?

Yup it is fully furnished with decorative lighting

SII-3A-11 Somersquare II @ Golden Hills, Cameron Highland Homestay
1. Sunday to Thursday –RM 180.00
2. Friday and Saturday – RM 250.00
3. Public Holidays –RM 250.00
4. House Keeping – RM 50.00

Owner Yong 012-2321098
*

To yong

on average how much you can get per month?

Saw many owner renting their unit at Airbnb and occupancy rate is quite high

I think this place is well located, just before the terrible jam to Brinchang

Can get how many % roi?

Hmmm...Walking on not so flat groud for 1km at night?

They are renting at 180, average 6-8 nights per month, 1260 per month. Good?

This post has been edited by Bomberman2: May 3 2016, 10:15 PM

RM 180.00 to RM 250.00 ( is my promotional pricing ). Current market price ranging from RM 300.00 to RM 350.00 per night ( no discount)

Very low. If can get 3k..... good

Dear Somersquare owner, I am interested to rent your apartment minimum 2 years. If you decide to let out your apartment in Golden Hill plese Whatsapp me at 012-2321098.

if barrington square owner ?

Can Whatsapp me photos?

saw many owners doing airbnb

one of my friend is doing.

hotel and motel there start to woryy

I interested ling term rent apartment at Cameron highland , pls call me if u wanted to rent out . 0122002728

I interested ling term rent apartment at Cameron highland , pls call me if u wanted to rent out . 0122002728

I am interested to reat a new apartment at Cameron highland in long term , pls contact me if u have any .

Should be nice to do Airbnb if location wise is alright.

what about Mont'hill at Brinchang? start price at RM384050 for 843sqft? GRR5%. Fully furnished. I heard that block A is sold. Now open for block B.

Hi , do u wanna rent out ur property at Cameron highland ? Pls call me if want ,Tq ! 0172442728 Karmen

Hi , interested to rent out ur lot at Cameron highland in long term time ? Pls call :0172442728 Karmen

Hi all,
Just would like to understand, is that all houses in Cameron Highlands are leasehold only? And there is no freehold properties in Cameron Highlands? Pls help to educate, just curious to learn.

How was the owner over the 2 years of COVID-19?
Is the AirBnB business back to operation?

This post has been edited by shinzen90: Apr 12 2023, 11:24 AM

Heard that air B&B /homestay types are recovering...

wonder where is karmen wang now?