QUOTE(davidman82 @ Oct 1 2020, 03:31 PM)
UNION SUITE is under UJ HOSTEL project which catter college/university students
Doesn’t matter who’s managing it - the main issue will still be that it will compete with sunway geo, sunway hostel, Nadayu, DK Senza, etc.
I’m pretty sure UJ Hostel has rooms at all those developments too, so what’s the pull factor for union suites to attract the students away from those other condos?
Unless UJ Hostel gives a guaranteed rental scheme, then maybe it’s good. Don’t really know how the agreement with UJ Hostel is, so I’m not going to comment on that.
QUOTE(AnasM @ Oct 1 2020, 07:59 PM)
u buy at where if not here?
Was looking to buy either for investment or for own stay (trying to take advantage of the HOC campaign & the current low interest %) but couldn’t really find any amazing investment, so I went with an own stay purchase - bought sunway serene.
QUOTE(trust4you @ Oct 1 2020, 09:00 PM)
what about kenwingston sky loft?
because that side name sky loft very atas. sunway geo also sounds like some underground den
If the target market is sunway students (and the surrounding uni students), anything with sunway would definitely be more attractive to them. Heck, a bunch of them goes to Sunway Uni just BECAUSE ITS SUNWAY.
You can call it Sunway Bin, Sunway Ghetto, Sunway Circle, etc, they’ll still flock there. It’s the area, the power of the brand, and the fact that the students like to say “I study at sunway, staying at sunway geo”.
Also like the other guy said, the sky loft is not exactly at sunway per say.
Now guys, don’t get me wrong, not saying that Union Suites is a bad investment, it definitely has a lot of potential if properly managed/marketed/etc, just that it’s biggest hurdle in my opinion, is the fact that it will be competing with Sunway/DK Senza/etc
DK Senza/D Latour is around 2.5k per month rental for a 3 bedder duplex. That works to maybe 1k for the master bedroom, and let’s say 750 each for the other 2 rooms.
If union suites are going to compete with that, what’s the rental that you can put? Probably need to undercut the D Latour, to get the Taylor’s students, considering its further away, maybe 750 for a master bedroom?
Subway geo rooms can be rented for maybe 900 for a non-attached toilet room, so union suites might be able to capture some of the students there (let’s assume that we go with 750 for a master room in union suites) provided that the students don’t mind the further distance (I don’t think BRT goes to union suites, correct me if I’m wrong here).
Another thing that is a concern for me - union suites kind of falls in the middle spectrum of things there, generally there’ll be 2 groups of students studying at the sunway area :
a) the rich ones, who are there just because it’s sunway, just because they’ve got money to burn - these groups would probably just go with the fanciest place to rent. DK Senza, D Latour, Sunway Geo, etc.
b) the normal-smart ones, whom mostly come from the middle income family, those who are there because Sunway actually is a good place to study, quality education, but expensive, probably their parents are willing to sacrifice and tighten the belts a little for their kid’s education. They won’t be able to afford 1-2k per month for a room rent, so they’ll probably be around at Lagoon perdana. Or the housing areas around sunway.
So to me, you can’t price union suites rental at Sunway Geo/DK Senza level, because then they might as well just go to those condos....and you can’t price union suites rental at lagoon perdana level because of the steep entry price. That makes balancing the investment tricky.
Don’t forget you have greenfield residence nearby too, it’s not at sunway, but it’s close to one academy, so that’s another uni that might not go for union suites, since greenfield is nearer to them.