this new service residence is good for investment? located in the heard of malacca city with price for RM450/sqft

I just bought this property few month ago and hope it would be good investment for me

Melaka is always slower than Klang Valley..but this location is good. Entry cost is relatively low. So...shd be ok

The price at malacca almost same as klang valley now

Site progress, will they be able to meet initial target completion in 2017?

Site progress, will they be able to meet initial target completion in 2017?




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2 month ago when i go there, they just finish piling part. consider fast construction.
I hope developer keep their promise to manage the unit after complete

sold out?

I think block d still a lot available

mind sharing the exact location and also package given? also layout if possible?

below is new package that developer offer Semi-D condo

TOWER A ( new package )
» 8% + 2% rebate ( a fraction of )
»Free SPA, Loan legal fee and disbursement
»Free Loan Stamp Duty
» Free furniture package
» Free in the first year of management fees
»Free IPAD MINI 2
>>Concierge service

Booking RM3K only

for more please contact me 019-3657184

what does concierge service means ?

package offered is very attractive. fuly furnish it mean can move in directly upon vp ?
ipad mini 2

some correction. booking not RM3K but RM1K only.

concierge service mean developer will help you manage your unit like hotel.

yes after vp can directly move in

and i heard got GRR arrangement if no mistake. location is ok but it ponder me a question of, "why atlantis?"

what is the GRR like?

i think its a bare unit.
fully furnished needs to top up another 100k (2 room unit)

please correct me if im wrong.

This post has been edited by sendomike: Nov 12 2015, 05:27 PM

Not GRR (Guarenty rental return) but the developer will help to manage your unit like hotel. They will take 20% from rental profit per month. They will contsct their agent to advertise your unit for rent like hotel.com booking.com and newspaper and others

Interesting right?

There are dirrefent package for furnished package
Cheapest as i'm not mistaken is rm60k

meaning if got rental can take 20% from us?
if without rent, we pay our own monthly repayment?
nothing special la

at least you have chance to rent out your unit like hotel. and they will manage for you

Hi everyone!

I intend to get a unit, 1 BD, 689 sqf. Current purchase price after discount is RM373k or RM541/sqf.

Do u think:

1. it is still a good entry price?
2. Is tis property worth investing?

This post has been edited by Kytan73: Apr 15 2017, 06:54 AM

I intend to buy one, can share with me your view on the project?

Anyone else can give advice on this project? Eg
- will the seaview be blocked by other development?
-how is the developer risk?
- the progress of Memory Melaka city and other mega projects
- potential of investment in Melaka
- view on the project, eg price, location, facilities, finishing, tenants demand..


This post has been edited by lowyatystan: Apr 27 2017, 08:19 AM

thr is no way a prop in melaka at 450psf can appreciate or yield btr than most equivalent kl prop of the same price imo.

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-Personally I think "Seaview " side may block in 1 day .. and it facing WEST .. very hot
- total got 4 building , design not nice at all , those face internal .. not much of ventilation, day light block by building
- " the green " project next to this .. much much better.



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How much is the Green project psf?
Alantic seaview units will be block by imoression ciy?

I think there will be no more sea view cuz they are developing new shopping complex behind atlantis. just visit the site last week

The photo show is housing project behind Atlantic condo


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Are these 4mio bungalows?

$$?? No idea

Anyone receive letter from developer? look like the project will extend another 12 months.

Yes I got this thing today. It's time to take action , I remember court rule which says its invalid or something like that

I visited their Booth at Aeon Malaka. The price goes up to 522psf for 1265sf before 10% discount. Is it worth to invest now?

Such ambitious pricing. And the risk of investing in Malacca is just not worth it

any1 heard about Swan Garden Residence ? opposite Morgan Fields Kota Laksamana.

buy an unit with 1 room, 8th floor & the price after discount around 380k +. saw the board sticks that most of the unit had been sold out and the remaining unit is not more than 20.. but still saw many fb post by agent lol...

Swan Garden or Atlantis?
Atlantis is high density, you can easily spot WTS posting everyday.

Atlantis... waiting for the key as currently 2 blocks still hvnt complete.

What? Still not complete yet people started move in for the other blocks?

haha.. coz dey said all of the facilities had completed.....
the 2 towers that completed alr took key on December, another 2 blocks can only take the key around june...

Then it will be hell for the first 2 blocks owner.
Imagine the noise, dirt... etc.

I just moved took keys for Block C 2 weeks ago. took interior design package also. Paid RM50k extra.

but currently still ok i thk.. coz some units are still doing reno jobs...
furthermore, said tat many units had been sold out, even 2 towers alr took their keys but still not much resident inside.

Such high density will at least take years to fill up.

probably lol.. haiz

Heard half of the lot given to china counterpart to stay

Heard it around 2-3million ea

Wahhhh half so many ah. what u mean 2-3million ea?

So this completed bout june 2018 is it?

Huh?
2-3m is the landed unit nearby below

I think so for the last part.

Are the 4 blocks fully completed already? How is the occupancy rate?

The main con is batu 11 developer (parkland group).. Workmanship good?

373k price after discount?

Lelong price today, very likely nobody will bid at this price and can get at below 300k next month.

C-13-08, 13th Floor, Pangsapuri Atlantis, Kota Syahbandar
Reserve price: 🔥🔥RM 306,000🔥🔥
Leasehold until 2105
688 sqft
Auction : 24-Aug-2018 (Fri)

Where did you find that auction ads?

I think might reach quite near $200K mark

Yeah you are right. All these airbnb target props workable in Melaka? Can compete against hotel?
Here you go the opposite wave residence (completed when? no idea on this): https://www.lelongtips.com.my/search/wave

No taker. Below 300k now. Below launching price!

C-13-08, 13th Floor, Pangsapuri Atlantis, Kota Syahbandar
Reserve price: 🔥🔥RM 276,000🔥🔥
Leasehold until 2105
688 sqft
Auction : 25-Sep-2018 (Tue)

just wonder what happened to this project. as i was promoted by some sales person to this project at the beginning a long time ago. did anyone hit the jackpot .
wonder if it's full with AirBnB or booking.com units come to think about it I might just try it sometime

Parking!

price will continue to drop

Big size lelong unit at 3rd round re-auction now.
Drop from 600k.

A-21-05, Pangsapuri Atlantis, Kota Syahbandar
Reserve price: 🔥🔥RM 486,000🔥🔥
Leasehold until 2105
1265 sqft
Unit facing outside (city view)
Auction : 19-Nov-19 (Tue)
*Non bumi lot

Any update of the condo ( the green ) ?

No bidder at below 500k. Further price drop.
New price as below:

A-21-05, Pangsapuri Atlantis, Kota Syahbandar
Reserve price: 🔥🔥RM 437,400🔥🔥
Leasehold until 2105
1265 sqft
Unit facing outside (city view)
Auction : 18 / 12 /2019 (Wed)
*Non bumi lot

Lelong unit sold today.
Size 1270sqft.

Sold at reserve price 438K.
Single bidder won unchallenged.

Good catch?