get ready balance of 20% payment for those who obtained 70% loan. u will b asked to pay up this year.
Investment EKOCHERAS @ JALAN CHERAS (Ver 3) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai
Investment EKOCHERAS @ JALAN CHERAS (Ver 3) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai
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Mar 13 2015, 06:21 PM
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Senior Member
1,428 posts Joined: Sep 2013 |
get ready balance of 20% payment for those who obtained 70% loan. u will b asked to pay up this year.
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Mar 13 2015, 06:57 PM
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Senior Member
730 posts Joined: Feb 2013 |
QUOTE(Jagalat @ Mar 13 2015, 09:58 AM) Below are the questions collected so far (I may miss some). Good sum up taiko. I support u sending this question to developer! But I doubt they have all the answer. And u belive me.. They will still sell even though they don't have the answer for all the questions.... Feel free to add/edit/answer and refer to it tomorrow. (A) Hotel Overall (1)How many stars is expected on this hotel? (2)Strata title for each unit? (3)Full furnished? Fully Furnished (4)Any available water point to do a small pantry in the unit? (5)What is the price(psf) increased per floor? (B) GRR package (1) GRR or not? (2) If GRR, what is the %? (3) GRR for how many years? (4) What is the ROI of 1st year, 2nd year, 3rd year until expiry? (5) How much is the maintenance fee? (6) Who pays maintenance fee? (7) What is the renew package after GRR expired? © Hotel operator (1) Who is the operator? (2) What is the Hotel Operator's paid up capital amount? (just to know its background) (3) Hotel Operator MoU signed? (4) Who to pay furniture replacement? Owner? (5) In case of the Hotel Operator who responsible for GRR ceased to operate, what would be the issue to buyers? (D) Expenses (1) When is the next draw down? (2) What is the GST calculation along the construction period? (E) SPA (1) Are all of the above details spelt in SPA? (2) Else, which one is not spelt? (3) Free SPA legal fee, etc? (4) Free loan legal fee, etc? I have yet decided to attend(still 15/16). If any daikor/boss can reply with answers tomorrow, the picture will get a whole lot clearer. Thanks up front. |
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Mar 13 2015, 07:14 PM
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Senior Member
5,949 posts Joined: Oct 2013 |
QUOTE(mybenz @ Mar 13 2015, 07:57 PM) Good sum up taiko. I support u sending this question to developer! But I doubt they have all the answer. And u belive me.. They will still sell even though they don't have the answer for all the questions.... As a matter of fact, many of my questions to developer since day one, were not answered. I rely on the daikors/bosses of the forum to provide feedback/answer (especially those who can diplomatically liase with developer). All the best to new/return buyers tomorrow. Have a great one!! |
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Mar 13 2015, 07:19 PM
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Senior Member
730 posts Joined: Feb 2013 |
QUOTE(Jagalat @ Mar 13 2015, 07:14 PM) As a matter of fact, many of my questions to developer since day one, were not answered. Ya all the best... I rely on the daikors/bosses of the forum to provide feedback/answer (especially those who can diplomatically liase with developer). All the best to new/return buyers tomorrow. Have a great one!! Even though they answered but along the course they still can change... Just like ekc.. Initially no mall suddenly got mall.. Initially hotel self manage suddenly for sale.... Lol Can't wait for tomorrow whether will b bbb or no one interest in this hotel... Probably while we still discussing here people already starts to book |
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Mar 13 2015, 09:10 PM
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Senior Member
3,774 posts Joined: Mar 2012 |
QUOTE(mybenz @ Mar 13 2015, 06:28 AM) Let's put the grr aside because never been said there is grr at this point. What about if without grr? If they sell the hotel and buyer lease back to them to manage without GRR, then it can only be profit sharing based on hotel performance. Cann't think of any other business modelSelf manage as per individual Strata units.. Just like a normal service suites of course only a room.. Can lease it montly like 1.5-1.6k? If this the case it will cannibalize into the single room Soho and apartment market being the lowest entry! Well that if the hotel come w a pantry to sustain a loong term stay.... If this the case then worth to consider How can buyer self managed when it is on short term daily basis? If the hotel,is self managed and has no centralised management then u better run away fast fast |
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Mar 13 2015, 09:11 PM
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Senior Member
3,774 posts Joined: Mar 2012 |
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Mar 13 2015, 09:22 PM
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Senior Member
3,774 posts Joined: Mar 2012 |
QUOTE(Jagalat @ Mar 13 2015, 09:58 AM) Below are the questions collected so far (I may miss some). Bro, u are the best!Feel free to add/edit/answer and refer to it tomorrow. (A) Hotel Overall (1)How many stars is expected on this hotel? (2)Strata title for each unit? (3)Full furnished? Fully Furnished (4)Any available water point to do a small pantry in the unit? (5)What is the price(psf) increased per floor? (B) GRR package (1) GRR or not? (2) If GRR, what is the %? (3) GRR for how many years? (4) What is the ROI of 1st year, 2nd year, 3rd year until expiry? (5) How much is the maintenance fee? (6) Who pays maintenance fee? (7) What is the renew package after GRR expired? © Hotel operator (1) Who is the operator? (2) What is the Hotel Operator's paid up capital amount? (just to know its background) (3) Hotel Operator MoU signed? (4) Who to pay furniture replacement? Owner? (5) In case of the Hotel Operator who responsible for GRR ceased to operate, what would be the issue to buyers? (D) Expenses (1) When is the next draw down? (2) What is the GST calculation along the construction period? (E) SPA (1) Are all of the above details spelt in SPA? (2) Else, which one is not spelt? (3) Free SPA legal fee, etc? (4) Free loan legal fee, etc? I have yet decided to attend(still 15/16). If any daikor/boss can reply with answers tomorrow, the picture will get a whole lot clearer. Thanks up front. To me, the most important question is who is the operator. If it is an international chain hotel with good track record, then the future is more secured. A hotel performance is very much depend on the management. Also most international hotel chain will insist to sign at least 10 years or more management contract as they want to maximise the return for their effort invested, so the buyer of the GRR will be assured of a long term return stream. If the hotel is doing strong, after the GRR period, there will be parties who may wish to purchase at market price and buyer can realise the capital appreciation |
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Mar 13 2015, 10:21 PM
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Senior Member
3,838 posts Joined: Sep 2013 |
QUOTE(CMW123 @ Mar 13 2015, 09:22 PM) Bro, u are the best! If there was a international chain hotel operating here they would have spread the news far and wide by now to get ppl over tomorrow no? To me, the most important question is who is the operator. If it is an international chain hotel with good track record, then the future is more secured. A hotel performance is very much depend on the management. Also most international hotel chain will insist to sign at least 10 years or more management contract as they want to maximise the return for their effort invested, so the buyer of the GRR will be assured of a long term return stream. If the hotel is doing strong, after the GRR period, there will be parties who may wish to purchase at market price and buyer can realise the capital appreciation |
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Mar 13 2015, 10:28 PM
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All Stars
12,526 posts Joined: Feb 2013 |
I hope all the hotel details are released prior to the BBB mode tht will be activated tomoro. most important thing is the operator n GRR scheme.. if the hotel can reli be used fr ownstay, i think shld be not good for the hotel n ekc as a whole? all units shld be signed on with a grr scheme would be btr?
This post has been edited by Babizz: Mar 13 2015, 10:29 PM |
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Mar 13 2015, 10:51 PM
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Senior Member
730 posts Joined: Feb 2013 |
QUOTE(Babizz @ Mar 13 2015, 10:28 PM) I hope all the hotel details are released prior to the BBB mode tht will be activated tomoro. most important thing is the operator n GRR scheme.. if the hotel can reli be used fr ownstay, i think shld be not good for the hotel n ekc as a whole? all units shld be signed on with a grr scheme would be btr? Why if can be used for own stay no good leh? I doubt they have any good operator. You know ekovest la. The mall also until now they have no strong management team or we'll known operator... For the hotel i bet ekovest want to manage themselves lor In the end all become potato I agree the management of the hotel or so called is important. If like St Giles then ma become like St. Regis good lor if Best Western then ma become budget hotel lor.. If ekovest ma become Rumah tumpangan lor lol |
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Mar 13 2015, 10:53 PM
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Senior Member
730 posts Joined: Feb 2013 |
QUOTE(HarpArtist @ Mar 13 2015, 10:21 PM) If there was a international chain hotel operating here they would have spread the news far and wide by now to get ppl over tomorrow no? I guess so... Perhaps they really got nothing. I think dey too confident already after the Soho. Tomorrow they might hit lalat |
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Mar 13 2015, 11:04 PM
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All Stars
12,526 posts Joined: Feb 2013 |
QUOTE(mybenz @ Mar 13 2015, 08:51 AM) Why if can be used for own stay no good leh? lol.. i think if 1 room fr ownstay 1 room fr hotel will be so hard to split the facilities/maintenance costs etc.. i think hotel here cn easily hit ABOVE average occupancy rates due to mall n MRT, no need ownstay..3/4 star hotel here will be gd.. I doubt they have any good operator. You know ekovest la. The mall also until now they have no strong management team or we'll known operator... For the hotel i bet ekovest want to manage themselves lor In the end all become potato I agree the management of the hotel or so called is important. If like St Giles then ma become like St. Regis good lor if Best Western then ma become budget hotel lor.. If ekovest ma become Rumah tumpangan lor lol The mall is also dangerous cos without gd management team, they will struggle to attract gd tenants.. btr hire gd hotelier n mall manager b4 its too late |
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Mar 13 2015, 11:07 PM
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Senior Member
740 posts Joined: Nov 2012 |
Likely stickers all there before the door opened. As usual, contractors to take up units then associates ll help..then u see many directors' stickers. Also priority customers who probably sapu floors.
This post has been edited by MrHunter: Mar 13 2015, 11:07 PM |
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Mar 13 2015, 11:21 PM
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Senior Member
3,838 posts Joined: Sep 2013 |
QUOTE(Babizz @ Mar 13 2015, 11:04 PM) lol.. i think if 1 room fr ownstay 1 room fr hotel will be so hard to split the facilities/maintenance costs etc.. i think hotel here cn easily hit ABOVE average occupancy rates due to mall n MRT, no need ownstay..3/4 star hotel here will be gd.. 1 future mrt stop away: silka hotel connected to cheras sentral. The mall is also dangerous cos without gd management team, they will struggle to attract gd tenants.. btr hire gd hotelier n mall manager b4 its too late any idea how it's doing? |
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Mar 13 2015, 11:31 PM
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Senior Member
730 posts Joined: Feb 2013 |
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Mar 13 2015, 11:58 PM
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All Stars
12,526 posts Joined: Feb 2013 |
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Mar 14 2015, 09:08 AM
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Senior Member
1,137 posts Joined: Jan 2009 |
Anyone there? Whats the scene like? BBB?
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Mar 14 2015, 09:18 AM
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Junior Member
364 posts Joined: Dec 2008 |
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Mar 14 2015, 09:31 AM
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All Stars
12,526 posts Joined: Feb 2013 |
if here quiet means maybe BBB queue or no one..i think BBB queue la.
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Mar 14 2015, 09:48 AM
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Senior Member
1,466 posts Joined: Jul 2010 |
Current market sentiment still BBB?
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