Hotel 70 percent booked
Office 45 percent booked
...and counting

What's the leaseback agreement for the hotel?

Bbb!

Any details to share?

Hotel Operator, Leaseback, average psf, discount?

Pic of sales chart?

opis sales quite shocking.. whts d hotel details.. jagalat kor seems quiet today means mus be thr

Got GRR for hotel & office?

Jagalat is busy signing SPAs on the spot 😁

Office - No GRR
Hotel - Fully Furnished with GRR
- Bared unit no GRR

Mont Jiu Lai returns...

Hotel suite take up


Attached thumbnail(s)

This area gonna be Future new super cannon room happy ending playground. Sibeh syok! Can't wait for it to complete.

Actually mont kiara also ada Sibeh banyak private happy ending cannon room. 1 of the best in klang valley. Mostly International stock. That's only available if u know the inside people. They will bring u play play happy ending.

I got manyak friends from pj and Juilai Sibeh like to come to mont kiara cari quality stocks play play in cannon room.

Now this ekocheras soon become 1. Hopefully stock quality good enough can match mk.

This post has been edited by HELLO HELLO: Mar 14 2015, 01:52 PM

My friend, have to say that your prediction will be quite accurate.

So more the bare unit sold are individually owned and not under the hotel management...something i have never seen before

Lease agreement is 5years and 6% GRR/yr. negotiate again after the end of the lease term.
Std size of the hotel room is 250sqf. Bare unit is about RM250k and no GRR while full furnish unit start at RM318k before early bird discount.
As per SA, the net return is about 4%-4.5% per year after deduct mgt fee, assessment quite rent, electricity water n etc.
And please take note the progress billing will be subject 6% GST in future.

Late to the gallery...arrived 12pm...Missed the moment when people do booking ...Any finger fighter?
I saw them using excel file to display on large monitors.

The sales chart display as of 12:15pm..
Still have some available units...

Red = Booked
Yellow = Availalbe



This post has been edited by Jagalat: Mar 14 2015, 05:26 PM

Resolution a bit low..

Above price is before 5%+5%+2%

Strange that electricity n water borne by owner rather than operator

68k for furnishing over 250 sf is RM272 psf...how many star wor?

SA told they operate the hotel.
She said they target for 4star...(target only... don't know what they finally get)
Each floor price increased by ~1k.

+2% is for repeat buyer

I was there this morning around 11am and I found difficult to make decision due to unknown operator and uncertain rental after 5 years.
Another thing is the hotel room does not come with car park, u need to rent a parking if u buy a bare unit for own stay.
With the reasons n uncertainties mentioned above, I have no choice but walk away and wait for next opportunity.