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Investment SQWHERE @ KG SELAMAT SUNGAI BULOH [OWNERS' THREAD], Inner KD. Located close to MRT. By SDB.
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Babizz
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Jul 16 2014, 03:14 PM
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QUOTE(BEANCOUNTER @ Jun 23 2014, 10:10 AM) I rent out my newly opis near klcc only 4.50 leh... Moat pj address only 2-2.50 nia. U trust the sa cow also can claim tree lah... Its truw that laws only said property under schedule h n approved by authority can use as residential. This sqwhere sovo is approved as comnercial opis. Malaysia boleh. very true indeed. If anyone can doubt the success of Dsara Sentral, this project will be even worse! Half baked location (with MRT access) but KL pricing.
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Babizz
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Jul 16 2014, 05:38 PM
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QUOTE(CloudAtla$ @ Jul 16 2014, 03:35 AM) Yes, its kl price office at no where place. No potential in near future to rent out and rental will be very low. Who going to set up an office here? Most small boutique established firms prefer the heart of KL. New set-up's can't afford Sq(nowhere) rentals.. duno what's their strategy
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Babizz
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Oct 30 2014, 10:07 AM
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QUOTE(calvin989898 @ Oct 29 2014, 06:34 PM) Few things to look at it : 1) SDB bought the land price for around rm200 psf. While mrcb bought kwasa land average at rm800 psf. Do u think mrcb kind enough to sell any future launch at cheaper than sqwhere price ? 2) For sqwhere and dsara, the location of mrt is confirm. And the site of this 2 development is also confirm just directly opposite of the mrt station with cover link bridge. As for mrcb future launch we never know whether there will be such development with just opposite of mrt station and comes with link bridge or direct integrated. Mrcb might reverse that part for super development such as shopping mall, A class office, theme park.... 3) From the past record how do u rate development carry out by SDB as compare to mrcb?? Which one are more premium in terms of their development? 4) Accessibility for sqwhere is better if you wanted to access nkve or North South highway. 5) MRT 2 is speculated start from sg Buloh as well which is just 1 station away from this sqwhere mrt 1 station. Although it is not direct line for mrt2, but it is just merely 1 station away... i think SDB quality more premium than MRCB but I see better appreciation in KL Sentral props.. It's not about the developer but about the planning n concept.. SDB's project will need to survive on people who can't afford kwasa's rental.. if the rate is close, then byebye sqnowhere... Sqwhere is like brickfields and Kwasa is like KL sentral..
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Babizz
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Nov 6 2014, 01:41 PM
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QUOTE(ceveori @ Nov 5 2014, 11:09 PM) Shall b opposite Sqw got mrt, kwasa no 4 years from now, we can review the situation again.. u think any MNC wanna rent in ur small SOVO? MRCB will attract large MNCs to puchase/rent enbloc and u guys would have to fight for tenants who want a space that can fit 1/2 people in d office.. GOOD LUCK! Moreover, in my experience with MRCB, they do things slow and steady and by then ur Sqwhere would still be NOWHERE in the industrial zone
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Babizz
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Nov 6 2014, 01:46 PM
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in my experience, small companies with only 3-5 workers don't need MRT to work, they can rent elsewhere and give free parking to their staff.. Big companies need MRT connectivity as they have thousands of workers including low/mid end workers with insufficient carpark..
WHY would someone rent an office overlooking a bunch of factories for the same price he could get in places like PJ? few of my businessman friends from Sg Buloh have laughed off this NoWhere project.. they also wanna see who rents here when it VPs!
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Babizz
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Nov 6 2014, 01:52 PM
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QUOTE(BEANCOUNTER @ Jun 23 2014, 10:10 AM) I rent out my newly opis near klcc only 4.50 leh... Moat pj address only 2-2.50 nia. U trust the sa cow also can claim tree lah... Its truw that laws only said property under schedule h n approved by authority can use as residential. This sqwhere sovo is approved as comnercial opis. Malaysia boleh. Why ur KLCC opis so low rental ah? Who u think wanna rent here in d industrial estate for even RM3.50 psf? Everytime u expand mus shift unit.. I know many small foreign companies are always looking for PREMIUM ADDRESS and SqWhere would sound like a joke.
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Babizz
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Nov 6 2014, 02:42 PM
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QUOTE(BEANCOUNTER @ Nov 6 2014, 12:39 AM) 4-5rm per sq is standard rate for buildings not termed as grade A+ offices like KLCC. Was told that some older opis even rented lower than 4rm. oh yeah.. I think old opis mus reduce the rates with new opis oversupply in KV.. do u know the occupancy of Menara Felda/Naza.. those 2 towers are beautiful.
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Babizz
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Nov 20 2014, 01:58 PM
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QUOTE(accetera @ Nov 8 2014, 03:17 AM) Grade A++ Integra Tower going for about RM12psf. KLCC area got a wide range from RM4-12psf. KL Sentral is around RM5-6psf. Boss accetera, heard Integra's average rental is less than 10? most recent mega tenant with naming rights got a good deal i heard.. Integra is a green tower though.. KL sentral 5-7psf but new towers like NuTowers are struggling..
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Babizz
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Feb 26 2015, 11:52 PM
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QUOTE(calvin989898 @ Feb 26 2015, 08:56 AM) There are some unsold units hold by agent. SDB units all sold out already. That is why 97%. I heard The Hub even worst. Agent took about 100 units , they only manage to sell 20-30% only. So the agent wont return back to developer if they cant sell ah? Hub memang too pricey for the area. Some more collapse now... whts the latest construction progress fr sqwhere
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Babizz
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Mar 8 2015, 12:41 AM
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QUOTE(urb7 @ Mar 7 2015, 09:14 AM) any indicative pricing?
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Babizz
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May 9 2015, 11:01 PM
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QUOTE(Darkknight2010 @ Mar 8 2015, 10:26 AM) Calvin refer here..
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Babizz
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May 9 2015, 11:07 PM
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QUOTE(calvin989898 @ May 9 2015, 09:06 AM) Nope, it's not 900psf. The price is 405k for 549sft. It's less than 750psf. U comparing sofo ah.. i tot sold out? or still selling by those agents?  Always remember, expats cant rent sovo n claim fr tax purposes cos its not sch H. This post has been edited by Babizz: May 9 2015, 11:08 PM
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Babizz
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May 9 2015, 11:28 PM
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QUOTE(calvin989898 @ May 9 2015, 09:13 AM) As I know agent still have units. First of all, where you got info expat cannot rent soXo? Secondly, not necessary this kind of of investment only meant for expat. Pls show me comparables of tenants renting RM3.50psf office in sg buloh? As mention above, even some KL City office still renting RM3.50 n market remains oversupplied with opis.. Encorp strand office asking below RM3psf n still struggle.. U wana target yuppie Msian?? Stay in the middle of the forest with some retail downstairs?? I got the expat info from several O&G friends in KLCC n they know about their friends rental requirement.. Like i said, refer to summer suite
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Babizz
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May 9 2015, 11:35 PM
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QUOTE(ManutdGiggs @ May 9 2015, 09:32 AM) Boss the encorp strand ofis??? The one garden ofis ar??? If it's the garden ofis I remember it needs bout 4psf to cover loan with mof 85 tenure 25yrs If not mistaken. I was offer a corner unit lvl 3 long ago just next to elevator. Nice loc for the unit but back then I dun blif such concept 'll succeed there. Btw is there another encorp strand ofis there??? Yes garden opis.. 4gt to add in the garden unit.. recently passby the area n the whole encorp area not doing well ah.. too many commie in the area..  location mmg deep in.. wht u think of sqwheres viability for soxo products??
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Babizz
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May 9 2015, 11:36 PM
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QUOTE(calvin989898 @ May 9 2015, 09:34 AM) Izzit wise to compare now ? VP date only in 2019, you have crystal ball to predict what's going to happen then. Well, I work in MNC O&G too. I can see many still have no issue renting soxo. So what is the truth ? Lets see 4 yrs time how the office market play out la.. n see summer suites in the short term..
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Babizz
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May 24 2015, 05:58 PM
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any1 has the pics of the construction progress?
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Babizz
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Aug 3 2015, 03:42 PM
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QUOTE(urb7 @ Aug 3 2015, 01:10 AM) Looks like there's a change in masterplan??  They added an office block in front!  not sure wthr sovo buyers shld be happy but service apartment (future) buyers would be.. Still think svc apartments are more suitable rather than offices
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Babizz
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Aug 4 2015, 09:00 AM
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Double post
This post has been edited by Babizz: Aug 4 2015, 09:04 AM
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Babizz
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Aug 4 2015, 09:00 AM
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QUOTE(calvin989898 @ Aug 3 2015, 03:41 AM) It's always been a grey area even for so call purely residential. Strictly speaking, if it's residential, by right it's only for residential activities. Still people are use that to reply emails, work from home, calling clients from home, faxing from home. By right all this activities is prohibited in purely residential since it is clearly a business or commercial activities where taxes and utilities fees should be higher. Have u ever seen official raid into house due to this reasons? Same case for soxo, it's going to be flexible use where no one can stop you putting a beds in your working place. Just the same as no one will stop you putting a fax machines at home. Even some owners now are using third condo, house whatever purely residential title for airbnb. Does it legal? Strictly its not , cause you are delivering income from renting out as short term. Just like hotel, hostel which are operating as commercial. In fact this are violating the laws more than an office mix use as residential. Don't forget, soxo owners are paying commercial rates which is higher for taxes and utilities. So what's the fuss and issues if owners want to use it for mix use? Those pure residential that use to do commercially activities is the one that violating the laws. this is the funniest reply i've seen about protecting soxo's..  i rest my case and will stop replying my work emails from home  I will also burn my fax machine This post has been edited by Babizz: Aug 4 2015, 09:04 AM
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Babizz
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May 14 2016, 11:09 PM
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WOW 54 months progress.. is it a DIBS project? or not die paying interest..4.5 yrs can build 80 storey tower la..
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