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Investment EKOCHERAS @ JALAN CHERAS (Ver 3) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai

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Babizz
post Mar 8 2015, 11:27 PM

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QUOTE(Jagalat @ Mar 8 2015, 09:14 AM)
Agree the progress is really vomit blood....
Hope from this office or hotel launch, they get some money and speed up the mall construction.
Personally l would there is some LAD but l do not have good predictions when the VP will be.
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Yes, i think this is a good way to shore up cash. btw, wikimapia just updated their arial view of d maps.. even ekocheras looks different biggrin.gif biggrin.gif
syong888
post Mar 9 2015, 08:51 AM

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QUOTE(soon9913 @ Mar 8 2015, 06:22 PM)
Anyone has experience buying hotel suite in Malaysia or overseas? I'm wondering whether hotel suite can easily sell in secondary market?
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If it comes with GRR or Leaseback agreement, disadvantage due to lower return yield.
syong888
post Mar 9 2015, 08:53 AM

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QUOTE(Babizz @ Mar 8 2015, 04:51 PM)
i think hotel here very feasible cos near MRT. Office at 900psf may nt be a good bet. nevertheless, mus analyze the leaseback agreement for the hotel.
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In the event of flood, people can stay overnight in hotel to avoid jam sweat.gif
soon9913
post Mar 9 2015, 09:36 AM

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QUOTE(Babizz @ Mar 8 2015, 10:58 PM)
Boss,

I predicting based on current progress which is  cry.gif  cry.gif  cry.gif  cry.gif u think can finish in 2.5 yrs? this is jus my crystalball la.
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my spa dated Apr 2014, still got 3 years to go!
Babizz
post Mar 9 2015, 10:04 AM

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Office at 900psf would have to rent out at RM3.75 p/month to yield 5% per annum.. doable in cheras with MRT n MALL? this is before rebates of cos.
mybenz
post Mar 9 2015, 04:00 PM

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With such a low entry.. the hotel suites rental sure undercut all single bed sweat.gif
250k 1.5k rental can do ah?

1000+ previous buyers and only 250 units.
Saturday sure BBB!
One day finished booked out?
peri peri
post Mar 9 2015, 04:55 PM

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no one talk about flood? any preventative measure from developer? maybe free pickup truck?
mybenz
post Mar 9 2015, 06:17 PM

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QUOTE(peri peri @ Mar 9 2015, 04:55 PM)
no one talk about flood? any preventative measure from developer? maybe free pickup truck?
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That area never flood before. Flood started since mrt construction.
Can ask those who live there long enough to testify it.
But then again no one can guarantee after construction completed will remain the same as before.

This post has been edited by mybenz: Mar 9 2015, 06:18 PM
pobox
post Mar 9 2015, 06:29 PM

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QUOTE(mybenz @ Mar 9 2015, 06:17 PM)
That area never flood before. Flood started since mrt construction.
Can ask those who live there long enough to testify it.
But then again no one can guarantee after construction completed will remain the same as before.
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Flood started since THIS project started.
Babizz
post Mar 9 2015, 06:40 PM

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QUOTE(mybenz @ Mar 9 2015, 02:00 AM)
With such a low entry.. the hotel suites rental sure undercut all single bed  sweat.gif
250k 1.5k rental can do ah?

1000+ previous buyers  and only 250 units.
Saturday sure BBB!
One day finished booked out?
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yes i think easily 100+ internal sapu.. maybe only 50-80 left for other buyers.. if given a chance i wont buy opis but will buy hotel suite.
mybenz
post Mar 9 2015, 07:33 PM

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QUOTE(Babizz @ Mar 9 2015, 06:40 PM)
yes i think easily 100+ internal sapu.. maybe only 50-80 left for other buyers.. if given a chance i wont buy opis but will buy hotel suite.
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left 100+ units plus for 1k ekocheras previous buyers. ratio is 1 to 10
mana cukup...
this saturday sure packed till outside one
Jagalat
post Mar 9 2015, 07:43 PM

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QUOTE(syong888 @ Mar 9 2015, 09:53 AM)
In the event of flood, people can stay overnight in hotel to avoid jam  sweat.gif
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For UCSI convocation/open days, parents from outstation can stay overnight at the hotel...
Jagalat
post Mar 9 2015, 07:47 PM

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QUOTE(mybenz @ Mar 9 2015, 08:33 PM)
left 100+ units plus for 1k ekocheras previous buyers. ratio is 1 to 10
mana cukup...
this saturday sure packed till outside one
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Side proposal:
1) Can prepare some stickers (you know the color).... [No I don't promote finger kungfu]
2) Hire foreigner worker(s) to queue overnite?





propertybbb
post Mar 9 2015, 07:49 PM

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QUOTE(mybenz @ Mar 9 2015, 05:00 PM)
With such a low entry.. the hotel suites rental sure undercut all single bed  sweat.gif
250k 1.5k rental can do ah?

1000+ previous buyers  and only 250 units.
Saturday sure BBB!
One day finished booked out?
*
250sf...250k. 1k rental for a room. No grr..right? Grr mus be different package.....ask them.

Other block 7xxsf...vs 2xxsf differenr mkt la..how to undercut. Keke...better think where to store underwear in this hotel suite.

This post has been edited by propertybbb: Mar 9 2015, 08:58 PM
mybenz
post Mar 9 2015, 08:23 PM

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QUOTE(Jagalat @ Mar 9 2015, 07:47 PM)
Side proposal:
1) Can prepare some stickers (you know the color).... [No I don't promote finger kungfu]
2) Hire foreigner worker(s) to queue overnite?
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Jagalat taiko.. how many stickers and how many foreign workers u ask to Q?

I worry riot there. better hire security guards also thumbup.gif
propertybbb
post Mar 9 2015, 08:30 PM

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QUOTE(Jagalat @ Mar 9 2015, 08:47 PM)
Side proposal:
1) Can prepare some stickers (you know the color).... [No I don't promote finger kungfu]
2) Hire foreigner worker(s) to queue overnite?
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Ask propcafe....they did the finger kungfu in the first phase block J....u need to be there to see how they asked sales to stick the chart......this time...i wonder they have any fingers there on sat.

This post has been edited by propertybbb: Mar 9 2015, 08:31 PM
CMW123
post Mar 9 2015, 09:33 PM

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QUOTE(Babizz @ Mar 8 2015, 10:21 PM)
i think shld be delayed 6-12 months maybe? brows.gif wht u think of d hotel viability? shld do well with MRT n Mall right?
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Got potential lah
CMW123
post Mar 9 2015, 09:35 PM

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QUOTE(restful increase @ Mar 8 2015, 06:36 PM)
the 2nd 10% payment has been delayed fr mac 2015 to june. the 3rd 10% will also be due Oct 2015. So for those who borrowed 70%, b ready to pay ur balance 20% this year.
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They have not even started on the structure yet. High floor units unlikely will be bill the 3rd 10% by oct 2015
CMW123
post Mar 9 2015, 09:48 PM

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QUOTE(mybenz @ Mar 9 2015, 04:00 PM)
With such a low entry.. the hotel suites rental sure undercut all single bed  sweat.gif
250k 1.5k rental can do ah?

1000+ previous buyers  and only 250 units.
Saturday sure BBB!
One day finished booked out?
*
Hotel is on daily rental lah

Assuming rm200 per day and conservative 70% occupancy of 21 days, the monthly rental is rm4200. If net profit is 50%, net return is rm2100 per month.

Yield is 10%. The hotel operator can give you GRR of 6% per year and pocket the 4%.

The return per room to the operator is Rm2500 per room per year and based on 250 rooms , he make rm2.5m net




Babizz
post Mar 9 2015, 10:16 PM

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QUOTE(mybenz @ Mar 9 2015, 05:33 AM)
left 100+ units plus for 1k ekocheras previous buyers. ratio is 1 to 10
mana cukup...
this saturday sure packed till outside one
*
yes will be packed.. low entry price will invite a lot of young buyers who wanna invest.. whr cn u find a new prop with abs price below 300k? if i am ekovest, i will appeal to increase d plot ratio n double/triple the number of hotel rooms biggrin.gif biggrin.gif

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