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Investment THE CLIO RESIDENCE @ IOI RESORT CITY [OT], Pamper you in a Resort serenity

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sbsoo111
post Nov 3 2014, 10:37 PM

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one of the SA told me, next to the clio with 16arce (clio is 2 arce) is going to have mixture of commercial + many service residence... if you check from the google map, can feel that's would be a big big building... and i notice there a basement too... only clio is low density condo... do you all think this is good sense?

my research is the price offer here is even high price then mont kiara condo...and in persint 14, that's a condo selling at 450psf. current price at clio is 650above...

since this is the first building over that wing, the condo finish at sep2017, by that time, many other project still ongoing until 2020, meaning to say it wont have any rental income from this condo.

how you all think? share share please

This post has been edited by sbsoo111: Nov 3 2014, 10:37 PM
sbsoo111
post Nov 4 2014, 12:18 PM

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QUOTE(ftan @ Nov 4 2014, 08:16 AM)
Yes, next to Clio is a commercial & service residences. To be launched next year and higher price psf (according to the SA).

Low density is much better. Clio is service apartment but more of condo living. I hope they will convert the electricity and water to residential rates as it would be easier to justify.

What do you mean by "meaning to say it wont have any rental income from this condo"?

The IOI City Mall would have been 3 years old and quite matured by then. I don't think it will lack any tenants due to the amenities nearby (mall, hotels, golf course, universitiy, hospital).
*
thanks for helping on my question. i really hope the next service residence is going to be much expensive then clio.

i means that's wont have any tenant for many year as tenant wont be interested in the place that have heavy construction. my pure eye prediction, that area need at least another 5-7 years until the overall project can be seen.

aditional note
1. on the bridge interchange the clio and mall, the road is 6 lanes road. wonder is it necessary have it so wide?
2. infront of clio condo have around 0.8 arce land which is vacant. what you all think what it could be? MRT station?
sbsoo111
post Nov 4 2014, 11:26 PM

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I found the name of the building on the land next to clio.

"Connexion

The Connexion is an integrated project consisting of commercial developments and serviced apartments spreading well over 16 acres situated just next to the Clio Residences. The commercial component consists of retail outlets and offices; the retail shops range from 26’ x 70’ to 42’ x 80’ in size. The offices, on the other hand, are sized from 1,200 sq ft up to 4,220 sq ft.

The residential component consists of some 1,326 serviced apartments housed in four towers, with build up ranging from 750 to 1,200 sq ft. Additionally, there will also be nine levels of parking, providing some 3,200 covered bays for tenants and guests."
sbsoo111
post Nov 4 2014, 11:31 PM

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QUOTE(ftan @ Nov 4 2014, 10:35 PM)
Yeah,  I think it would be more pricey psf and smaller size units. Even the clio price went up after the first launch. Btw, did you buy?

My opinion is normal tenants won't care esp if they are out at work during construction time. High-end tenants would care. But it's hard to predict what will happen in 3 years time. Just go with the flow and make sure you have holding power.

Wah, I like wide roads. The bridge only link from mall to clio? I wonder what's up unless it's to cater for the next service residences.

I doubt it's mrt station. There's a station planned in uniten. Unless ioi manage to lobby for mrt station near to the mall. I expect there will be shuttle service to and from mrt station. Hopefully, clio is also part of the stops.
*
not yet.. im still considering and doing survey...

the bridge is toward the golf house then the mall.




sbsoo111
post Nov 4 2014, 11:38 PM

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ya... i went d, show unit also visited. i even drove to the bridge and 100meter away from clio land....

from my point of view, the clio land is a piece of land that not useful, which jz good enough to build a single story condo.

jz worry the clio view will block by all the taller building.
sbsoo111
post Nov 5 2014, 12:27 AM

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stilll the same like the previous lyt member posted here... and with additional units at floor 1 is reopen
sbsoo111
post Nov 5 2014, 12:53 PM

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QUOTE(chicargo @ Nov 5 2014, 05:46 AM)
Which type/unit are you targeting? For own stay/investment?
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i still not decided.... it is for investment only... but wonder who want to rent it..

:S
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