All sales person are liars. They will lie on anything just to make a sale.

This is a serviced apartment, read

http://www.propsocial.my/topic/82/condomin...opsocial-editor

“Serviced apartments” are commercial units, fully-furnished, with services such as housekeeping, room service, and concierge. They are usually rented out for short-term or long term to tourists, business travellers, or expats. On the other hand, condos are private properties meant to be occupied by homeowners or long-term tenants. However, the lines are often blurred between the two types of properties these days.

The core difference is that the land status of condos is “residential”, whereas the land status of serviced apartments is “commercial”. The laws, regulations and functions surrounding these types of properties are quite different, and can affect buyers’ legal rights and lifestyles.

1. You pay different utility charges
Because of their land status, serviced apartments are charged commercial rates for utilities, which are much higher than residential rates. Deposits collected by utility companies are also higher. Some developers do try to work around this by negotiating with utility companies for lower rates. They may or may not be successful, so it pays to confirm this with the developer.

2. You pay different tax rates
Quit rent and assessment rates for serviced apartments are also calculated at commercial rates, much higher than condos. Some developers try to get lower rates by finding some loopholes in zoning laws to reclassify the apartments. But again, they may or may not succeed in doing so, so do check and make sure.

This post has been edited by jalsrix: May 11 2016, 08:48 PM

Why Skyluxe converted this land into commercial land, because they wanted to build more units and higher density!

http://www.propsocial.my/topic/82/condomin...opsocial-editor

4. You will have different population densities
Residential developments are built based on units or population per land size. However, commercial developments are based on plot ratio, which is the total built-up area per land size. This affects the number of neighbours you will have.
For example, say a developer gets permission to build a condominium based on a population of 1000 people per acre. Assuming 5 people live in a 1,000 square foot unit, a developer can only build a maximum of 200 units per acre of land.

One the other hand, let’s say a developer gets permission to build serviced apartments based on a plot ratio of 1:10. Now, for the same one acre of land (measuring about 44,000 square feet), the developer is allowed to build up to 440,000 square feet. That means developers can now easily build 400 units of 1,000 square foot apartments! Or even more, if they build smaller units.

This post has been edited by jalsrix: May 11 2016, 08:53 PM

Aren't you a property agent from that project?

Did you read the article I posted? Service apartment are higher density than residential.
Utility costs is also high so don't buy.

Agree. This is a greedy developer trying to max profit at expense of buyers.

Serviced apartment is only suitable if it's located on top of a shopping mall.

This is a cramped land with high density making entry/exit difficult.

Only speculators will buy it but they will find no buyers to flip in the future.

It will be a failed investment.

This post has been edited by jalsrix: May 12 2016, 04:17 PM

It's common sense. Do people want to pay lower rate or higher rate for utility?

Do people want to live in lower density residential or higher density residential?

The only advantage of serviced apartment is the shopping center is downstairs on the same building.
That's for lazy people or for people who rent out to tourists.

If the shopping center is not even downstairs, why pay more for less space?

Do you have any figures or numbers or facts to support your claim that commercial rate is 'okay'?

This post has been edited by jalsrix: May 12 2016, 06:06 PM

Those 45% are usually for their own people and fake advertising.

This is a trick in almost all developer sales I've been to who can't sell.

If there aren't any bumi unit, then there's something fishy. All project must have bumi lots.

This post has been edited by jalsrix: May 12 2016, 06:05 PM

661 sq ft is pigeon hole size. There are many units in Bukit Jalil bigger than this and renting cheaply.

Assessment will be higher because this is on commercial land. Don't mislead potential buyers

I am just stating the facts. Almost all the apartments I've seen in Bukit Jalil are 700 sq and above.

Just in case people here still want to buy this high density serviced apartment, read the article below

http://www.thestar.com.my/business/busines...tell-investors/


Property developers that have made a pile from a great run in the last eight years are seeing miserable sales.


Buy at your own risk. Wait for fire sale.

This post has been edited by jalsrix: May 14 2016, 05:26 PM

There are many subsales in Bukit Jalil with much lower price than Skyluxe.

read disappointing sales for developers.

http://www.thestar.com.my/business/busines...tell-investors/

Property developers that have made a pile from a great run in the last eight years are seeing miserable sales.

This post has been edited by jalsrix: May 14 2016, 05:29 PM

Everything from government will be more expensive because serviced apt caters for tourists.
The only thing the same is internet charges because that's private.

Might as well buy KM2
https://forum.lowyat.net/index.php?showtopi...&#entry79977310

Oh please! do you think skyluxe can fly? Both are in the same area.


Skyluxe is the cicakman with small land, high density and expensive service fees.

This post has been edited by jalsrix: May 18 2016, 05:12 PM

Don't make me laugh. You're contradicting yourself

Kancil is small size just like Skyluxe. BMW is big size just like Anjung Hijau.
The land size of Anjung Hijau is 5 times bigger than Skyluxe with almost the same number of units.

Do you call living in Hong Kong with cramped space BMW versus living in USA in a spacious double storey Kancil?

Anjung Hijau has more land, lower density and bigger exit than Skyluxe although it's older.

I am just telling the truth so that potential buyers are not tricked by property agents.

You guys are a laughing lot. You think a kancil like Skyluxe can be called 'BMW'?

Living in a pigeon hole with other pigeons is considered high class living?

Twin Ark, Treez, SKyluz all these are just pigeon holes just like Kancil.

If you apply makeup to an ugly woman, it's still not as good as a naturally beautiful woman without makeup

Never believe in what property agents say.

If sales are poor, do you really think they will tell you?
Do people really want to live in small pigeon holes with many pigeons on top and bottom of you?

Just read the newspaper reports I posted earlier.

Property market is bad so wait for prices to drop.


This post has been edited by jalsrix: May 23 2016, 05:20 PM

Read below. Most of the people here who say 'buy' are actually property agents. don't trust them.

http://www.theedgeproperty.com.my/content/...ectoral-problem

Last year, the volume and value of property transactions in the residential, commercial and industrial subsectors registered year-on-year contractions. Crucially, the contractions were in the double digits.

In fact, 1Q2016 data released by Napic shows a similar trend. Total value of property transactions fell 17.9% from the previous corresponding period. On a quarterly basis, value of property transactions slid 10.7%.

All subsectors — residential, commercial, industrial, agricultural and development — were badly affected.

Maybank Investment Bank Research analyst Wong Wei Sum cautions that the slowdown in property transactions could be worse than expected, dragging beyond the typical two-year cycle.

“The current situation is like a slow death by a thousand cuts, especially for those with weak financials or non-developers who jumped into property development at the peak of the cycle,” she says.

Anecdotes abound on how weak the market has been. Since last year, property agents and valuers have been complaining about low volume of enquiries and deals done. The order of the day is still “wait and see” as potential homebuyers remain cautious.

Radiation is the least of your concerns.

The cramped pigeon-hole space and expensive water, electricity rates are the ones who are going to kill you.
I heard the monthly maintenance fee is around RM400++

This is a serviced apartment on commercial land with higher number of units density than those on residential land.

Not a good buy unless you want to live in an expensive pigeon-hole.

You might as well buy a serviced apartment on top of Pavillion 2 itself. The Pavillion 2 has quite a number of serviced apartment for sale. At least this is within walking distance to Pavillion 2 downstairs.

This post has been edited by jalsrix: Jun 8 2016, 10:54 PM

That's because it is very high, more than 40 storeys high.

There are 8 storeys of car park. So if your car park is situated on 8th floor, you have to drive up and down 8 floors everyday. Good luck to people who stay there.

This post has been edited by jalsrix: Jun 9 2016, 12:10 PM