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> ARTE-S,PENANG, NEW LAUNCH CONDO,SHL I JOIN GROUP BUY?

meveryday
post Jul 10 2014, 12:32 PM

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QUOTE(alesi616 @ Jul 8 2014, 05:06 PM)
looks like what TS mention is not really 'group-buy' where the property is under ur name....

what his fren looking for is 'business partner' where u join them and form a company....then use the company's name to buy the property.....
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hmm.gif agree!
gogo2
post Jul 10 2014, 12:36 PM

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QUOTE(meveryday @ Jul 10 2014, 12:21 AM)
*(my banker advise me never touch property outside PG island,like butterwork)
*
Well, for landed can touch. Condo no.

You see, more and more condo development in BM.
meveryday
post Jul 10 2014, 04:08 PM

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QUOTE(gogo2 @ Jul 10 2014, 12:36 PM)
Well, for landed can touch. Condo no.

You see, more and more condo development in BM.
*
ya, you are right.

the land in mainland still very very cheap, plan buy some and keep for my grandchildren. just headache dunno how to manage it for agriculture purpose,at least aim to generate some cashflow to cover misc charges.

http://www.kbs.gov.my/index.php/my/berita-...-golongan-belia

If can get government sponsor even better smile.gif
gogo2
post Jul 10 2014, 04:09 PM

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QUOTE(meveryday @ Jul 10 2014, 04:08 PM)
ya, you are right.

the land in mainland still very very cheap, plan buy some and  keep for my grandchildren. just headache dunno how to manage it for agriculture purpose,at least aim to generate some cashflow to cover misc charges.

http://www.kbs.gov.my/index.php/my/berita-...-golongan-belia

If can get government sponsor even better smile.gif
*
not land. Landed property. sweat.gif
meveryday
post Jul 10 2014, 04:20 PM

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QUOTE(gogo2 @ Jul 10 2014, 04:09 PM)
not land. Landed property.  sweat.gif
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yup, i know what u mean, landed property like bungalow or semi-D smile.gif

just feel buy land much cheaper in mainland
gogo2
post Jul 10 2014, 04:21 PM

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QUOTE(meveryday @ Jul 10 2014, 04:20 PM)
yup, i know what u mean, landed property like bungalow or semi-D smile.gif

just feel buy land much cheaper in mainland
*
now not cheap lor. Machang Bubok selling for RM500k~600k for 2 storey GnG
dopeziggy
post Jul 10 2014, 06:41 PM

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QUOTE(meveryday @ Jul 10 2014, 12:21 AM)
Agree. I'm not familiar KL market.

Just compare FREEHOLD only in PG island,
*(i will never touch leasehold property coz no banker willing to loan after left only 60 yrs lease)
*(my banker advise me never touch property outside PG island,like butterwork)

For subsale, the middle class condo range about RM600 per sqft

For new launch,middle class condo like ARTE-S range about RM700 per sqft

I hate paying high price except for value buy.

My concept very simple, i no scare paying high $, just scare It's a liabilities(negative cashflow,keep on outflow my $ from my pocket every month)

So my plan for my new booked ARTE-S as below:

Est. Net Monthly Installment bank loan+Management Fees+Assessment= RM2,000 per month.
Hence, for service apartment price per day= RM350 per day.
==> Lease for 7 days=RM 350 x 7 days=RM2,450
==> RM2,450- RM450(misc charges)=RM2,000
==>Break-even every month

it's legally for service apartment leasing since it's commercial title,freehold.

good location coz walking distance to USM, USM convo hot peak season -Apr,May, Aug,Sept

EXIT PLAN: sell after 10 yrs with target min ROI 500%
Area : 610sqft, hill & seaview, 2R2B, RM442k++
My total investment: 5% booking RM22K++
My target selling price after 10 yrs: RM560K to RM 670K

Scenario 1
Net Profit after 10 years : RM560k- RM442K= RM118K - 8K for misc charges = Net RM110K
ROI after 10 years : RM110k/RM22k = 5x or 500%

Scenario 1
Net Profit after 10 years : RM670k- RM442K= RM228K - 8K for misc charges = Net RM220K
ROI after 10 years : RM220k/RM22k = 10x or 1000%

If u check service apartment rate around that area, u will know with ARTE-S, new condo, new facilities, good location, it's very conservative can lease RM450-RM600 per day at year 2017

But i just desperate want to break-even, so with RM350, i'm very very comfortable can lease at least 7 days per month, or 3 full month per year to achieve RM0 installment for a period of 10 years.
*
Wow, a very clear calculation and analysis of Arte S. Do you think tourist will be be renting this for short term? As far as I know apps like Airbnb do catered to Penang's homes, but the pick-up rate is still much slower compared to the other develop countries.

I dont think students would be able to rent that place at 2k a month too which filter out the demographic to only professionals working in Penang, those who seek for lifestyle and peaceful environment.

Still abit challenging athough I totally love the concept! Hehehe.
meveryday
post Jul 10 2014, 10:10 PM

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QUOTE(dopeziggy @ Jul 10 2014, 06:41 PM)
Wow, a very clear calculation and analysis of Arte S. Do you think tourist will be be renting this for short term? As far as I know apps like Airbnb do catered to Penang's homes, but the pick-up rate is still much slower compared to the other develop countries.

I dont think students would be able to rent that place at 2k a month too which filter out the demographic to only professionals working in Penang, those who seek for lifestyle and peaceful environment.

Still abit challenging athough I totally love the concept! Hehehe.
*
During USM convo hot peak season, normally the nearby area like vistana hotel, b-suite are almost fully booked by student family.(the price range about RM400-500++ per night for a family of 6 )

So can target this particular group.

Beside, USM in order to obtain better university world ranking, few years ago they aggressive offer R&D courses to middle east master students( our government pay them come to study, master can get about RM2k per mth,haven't consider the sponsorship on their project)

Thus, N-park,E-park there got a lot middle east family. This is second target.

In order to tackle international tourist, we do provide car renting service as my service apartment package.

As mentioned earlier, 365 days, my target is lease for at least 84 days(3 mth), do u think easy to achieve at year 2017 with only RM350 per night for 6 pax-8pax(no include car)? nod.gif I comfortable i can get it done very easy.


ehor
post Jul 10 2014, 11:07 PM

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This developer - Nusmetro - sux.Avoid 100%. Go to take a look at The Oasis condo. Ton of defects. They keep delay fixing it until 2 months before the warranty end(Aug 2014). Workmanship also suk. Floor tiles not level, wall not flat, leaking, steel rusting, hollow tiles, crack window, not paint peoperly, door crack, tiles crack.... I submitted 300+ defects just for a single unit. They not using good material. Hollow brick, laminates floor get peel off, auto gate always spoil n more.....

p/s: they install card scanner that not working n some not even wired. smile.gif

This post has been edited by ehor: Jul 10 2014, 11:11 PM
dopeziggy
post Jul 10 2014, 11:12 PM

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QUOTE(ehor @ Jul 10 2014, 11:07 PM)
This developer - Nusmetro - sux.Avoid 100%. Go to take a look  at The Oasis condo. Ton of defects. They keep delay fixing it until 2 months before the warranty end(Aug 2014). Workmanship also suk. Floor tiles not level, wall not flat, leaking, steel rusting, hollow tiles, crack window, not paint peoperly, door crack, tiles crack.... I submitted 300+ defects just for a single unit.  They not using good material. Hollow brick, laminates floor get peel off, auto gate always spoil n more.....

p/s: they install card scanner that not working n some not even wired. smile.gif
*
Wow, teruk your case. Wishing you good luck in ur rectification works.
meveryday
post Jul 11 2014, 12:24 AM

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QUOTE(ehor @ Jul 10 2014, 11:07 PM)
This developer - Nusmetro - sux.Avoid 100%. Go to take a look  at The Oasis condo. Ton of defects. They keep delay fixing it until 2 months before the warranty end(Aug 2014). Workmanship also suk. Floor tiles not level, wall not flat, leaking, steel rusting, hollow tiles, crack window, not paint peoperly, door crack, tiles crack.... I submitted 300+ defects just for a single unit.  They not using good material. Hollow brick, laminates floor get peel off, auto gate always spoil n more.....

p/s: they install card scanner that not working n some not even wired. smile.gif
*
walau, so teruk?

How much u bought last time?

I checked internet the launching price range from RM240k-290k++

Now market value RM580k d

mayb u can consider sell it and buy new unit.

RM580k u can have quite good choice with FREEHOLD in PG.

No need waste time to headache smile.gif

alesi616
post Jul 12 2014, 10:15 AM

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610sft for 440k? is this another batch of release? last time I go check....all 800-900k large size units...
prospice
post Jul 12 2014, 08:14 PM

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QUOTE(joshuathi @ Jul 9 2014, 11:58 PM)
U may whatsapp me for details 012~3025457 then i could show u how the discount work. Its all through c/n basis subject to the loan margin purchaser taking. Quite standard in the trade.
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You may sent the discount calculation to prospice@hotmail.com. I did reply the same request to your email before.
joshuathi
post Jul 13 2014, 04:25 PM

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QUOTE(prospice @ Jul 12 2014, 12:14 PM)
You may sent the discount calculation to prospice@hotmail.com. I did reply the same request to your email before.
*
Hi, Sent....cheers
rachel_xxx
post Jul 13 2014, 05:42 PM

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QUOTE(meveryday @ Jul 10 2014, 12:21 AM)
Agree. I'm not familiar KL market.

Just compare FREEHOLD only in PG island,
*(i will never touch leasehold property coz no banker willing to loan after left only 60 yrs lease)
*(my banker advise me never touch property outside PG island,like butterwork)

For subsale, the middle class condo range about RM600 per sqft

For new launch,middle class condo like ARTE-S range about RM700 per sqft

I hate paying high price except for value buy.

My concept very simple, i no scare paying high $, just scare It's a liabilities(negative cashflow,keep on outflow my $ from my pocket every month)

So my plan for my new booked ARTE-S as below:

Est. Net Monthly Installment bank loan+Management Fees+Assessment= RM2,000 per month.
Hence, for service apartment price per day= RM350 per day.
==> Lease for 7 days=RM 350 x 7 days=RM2,450
==> RM2,450- RM450(misc charges)=RM2,000
==>Break-even every month

it's legally for service apartment leasing since it's commercial title,freehold.

good location coz walking distance to USM, USM convo hot peak season -Apr,May, Aug,Sept

EXIT PLAN: sell after 10 yrs with target min ROI 500%
Area : 610sqft, hill & seaview, 2R2B, RM442k++
My total investment: 5% booking RM22K++
My target selling price after 10 yrs: RM560K to RM 670K

Scenario 1
Net Profit after 10 years : RM560k- RM442K= RM118K - 8K for misc charges = Net RM110K
ROI after 10 years : RM110k/RM22k = 5x or 500%

Scenario 1
Net Profit after 10 years : RM670k- RM442K= RM228K - 8K for misc charges = Net RM220K
ROI after 10 years : RM220k/RM22k = 10x or 1000%

If u check service apartment rate around that area, u will know with ARTE-S, new condo, new facilities, good location, it's very conservative can lease RM450-RM600 per day at year 2017

But i just desperate want to break-even, so with RM350, i'm very very comfortable can lease at least 7 days per month, or 3 full month per year to achieve RM0 installment for a period of 10 years.
*
you no count fully furnish it ala hotel standard

you no count the progressive interest?
dopeziggy
post Jul 23 2014, 01:32 AM

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Saw Nusmetro post Arte S release small units this weekend at penang roadshow. 428k seems cheap. Duno group buy got any additional discounts not.

https://www.facebook.com/Nusmetro/posts/805935212770939
mustmust009
post Sep 29 2014, 01:56 AM

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QUOTE(ehor @ Jul 11 2014, 12:07 AM)
This developer - Nusmetro - sux.Avoid 100%. Go to take a look  at The Oasis condo. Ton of defects. They keep delay fixing it until 2 months before the warranty end(Aug 2014). Workmanship also suk. Floor tiles not level, wall not flat, leaking, steel rusting, hollow tiles, crack window, not paint peoperly, door crack, tiles crack.... I submitted 300+ defects just for a single unit.  They not using good material. Hollow brick, laminates floor get peel off, auto gate always spoil n more.....

p/s: they install card scanner that not working n some not even wired. smile.gif
*
really that bad??? i though oasis is consider a very nice building.

u pay so much but in the end like just got a 50k houses quality ....

wonder wat they a doing so high end building prices but end up like a LMC houses.

wonder wats wrong.....

This post has been edited by mustmust009: Sep 29 2014, 01:59 AM
ehor
post Sep 30 2014, 11:06 AM

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QUOTE(mustmust009 @ Sep 29 2014, 02:56 AM)
really that bad??? i though oasis is consider a very nice building.

u pay so much but in the end like just got a 50k houses quality ....

wonder wat they a doing so high end building prices but end up like a LMC houses.

wonder wats wrong.....
*
Nice outside but not the inside. Go to take a tour and you will know. What I can say the developer are using the low Q material n even installing non-working card scannner (!). Everything spoil within a year.

Some unit have water leakage thru the wall and windows. OMG!

This post has been edited by ehor: Sep 30 2014, 11:07 AM
AskarPerang
post Jan 12 2019, 05:41 PM

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QUOTE(Jliew168 @ Jul 8 2014, 04:35 PM)
I interested to buy a vacation small unit In penang island , this is a good project?
Any penang tai kor got comment?
*
QUOTE(meveryday @ Jul 10 2014, 12:21 AM)
Agree. I'm not familiar KL market.

Just compare FREEHOLD only in PG island,
*(i will never touch leasehold property coz no banker willing to loan after left only 60 yrs lease)
*(my banker advise me never touch property outside PG island,like butterwork)

For subsale, the middle class condo range about RM600 per sqft

For new launch,middle class condo like ARTE-S range about RM700 per sqft

I hate paying high price except for value buy.

My concept very simple, i no scare paying high $, just scare It's a liabilities(negative cashflow,keep on outflow my $ from my pocket every month)

So my plan for my new booked ARTE-S as below:

Est. Net Monthly Installment bank loan+Management Fees+Assessment= RM2,000 per month.
Hence, for service apartment price per day= RM350 per day.
==> Lease for 7 days=RM 350 x 7 days=RM2,450
==> RM2,450- RM450(misc charges)=RM2,000
==>Break-even every month

it's legally for service apartment leasing since it's commercial title,freehold.

good location coz walking distance to USM, USM convo hot peak season -Apr,May, Aug,Sept

EXIT PLAN: sell after 10 yrs with target min ROI 500%
Area : 610sqft, hill & seaview, 2R2B, RM442k++
My total investment: 5% booking RM22K++
My target selling price after 10 yrs: RM560K to RM 670K

Scenario 1
Net Profit after 10 years : RM560k- RM442K= RM118K - 8K for misc charges = Net RM110K
ROI after 10 years : RM110k/RM22k = 5x or 500%

Scenario 1
Net Profit after 10 years : RM670k- RM442K= RM228K - 8K for misc charges = Net RM220K
ROI after 10 years : RM220k/RM22k = 10x or 1000%

If u check service apartment rate around that area, u will know with ARTE-S, new condo, new facilities, good location, it's very conservative can lease RM450-RM600 per day at year 2017

But i just desperate want to break-even, so with RM350, i'm very very comfortable can lease at least 7 days per month, or 3 full month per year to achieve RM0 installment for a period of 10 years.
*
Launched at 700 per sqft back in 2014.
Today lelong unit you can get at 35% off below launching price = less than 450 psf.

3B-33A-03, 33Ath Floor, Block 3B, Arte S
Reserve price 🔥🔥RM546,750🔥🔥
1262 sqft (duplex), 2 car park slot
Freehold
Auction: 20-Feb-2019 (Wed)
*Vacant unit
*Non bumi lot

» Click to show Spoiler - click again to hide... «

Tan&tan
post Jan 13 2019, 03:10 AM

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QUOTE(meveryday @ Jul 10 2014, 12:21 AM)
Agree. I'm not familiar KL market.

Just compare FREEHOLD only in PG island,
*(i will never touch leasehold property coz no banker willing to loan after left only 60 yrs lease)
*(my banker advise me never touch property outside PG island,like butterwork)

For subsale, the middle class condo range about RM600 per sqft

For new launch,middle class condo like ARTE-S range about RM700 per sqft

I hate paying high price except for value buy.

My concept very simple, i no scare paying high $, just scare It's a liabilities(negative cashflow,keep on outflow my $ from my pocket every month)

So my plan for my new booked ARTE-S as below:

Est. Net Monthly Installment bank loan+Management Fees+Assessment= RM2,000 per month.
Hence, for service apartment price per day= RM350 per day.
==> Lease for 7 days=RM 350 x 7 days=RM2,450
==> RM2,450- RM450(misc charges)=RM2,000
==>Break-even every month

it's legally for service apartment leasing since it's commercial title,freehold.

good location coz walking distance to USM, USM convo hot peak season -Apr,May, Aug,Sept

EXIT PLAN: sell after 10 yrs with target min ROI 500%
Area : 610sqft, hill & seaview, 2R2B, RM442k++
My total investment: 5% booking RM22K++
My target selling price after 10 yrs: RM560K to RM 670K

Scenario 1
Net Profit after 10 years : RM560k- RM442K= RM118K - 8K for misc charges = Net RM110K
ROI after 10 years : RM110k/RM22k = 5x or 500%

Scenario 1
Net Profit after 10 years : RM670k- RM442K= RM228K - 8K for misc charges = Net RM220K
ROI after 10 years : RM220k/RM22k = 10x or 1000%

If u check service apartment rate around that area, u will know with ARTE-S, new condo, new facilities, good location, it's very conservative can lease RM450-RM600 per day at year 2017

But i just desperate want to break-even, so with RM350, i'm very very comfortable can lease at least 7 days per month, or 3 full month per year to achieve RM0 installment for a period of 10 years.
*
Your brain masuk water ? Hahaha . How’s it performing today bro

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