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Investment BUKIT JALIL CITY | AURORA | REV.O | PARK SKY (V2), The Commercial Hub for Bukit Jalil

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BEANCOUNTER
post Jan 2 2016, 10:48 AM

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QUOTE(electroboy @ Jan 1 2016, 11:59 AM)
But if for investment..you gotta know your exit stratergy if things doesnt work out. Foreigners now can only buy unit 1million above (not sure if this applied for sovo too or not). 350k unit for 380 sqft could be quite pricey to sell for malaysian for subsales market, and you wont sell for the same price u bought. Fully furnish rental should be able to fetch 1.5k/month if 4 years later they are expats willing to stay in pavi bj instead of usual spot mont kiara and bangsar
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difficult to sell under 400sq SOVO/studio?

perhaps you need to talk to the original buyers of empire damansara....see if they really agreed.........

they probably kicking their guts for investing only one unit for themselves......
BEANCOUNTER
post Jan 3 2016, 11:10 AM

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the only question for Revo is

What can you do with 350sq of squarish space???????

Short term stay and treated it like hotel suites.......yes nice......shit and sleep....no problem....

Long term stay???? you go crazy inside a 350sq room.........

despite the insurance outside.....

This post has been edited by BEANCOUNTER: Jan 3 2016, 11:11 AM
BEANCOUNTER
post Jan 3 2016, 07:28 PM

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QUOTE(Chris Chew @ Jan 3 2016, 04:47 PM)
Boss, I not sure if I am wrong, from what I know of Empire Damansara was SOHO or studio that allowed for own residential usage, therefore the rental kicking quite good due to smaller space and absolute price back then upon launching was quite cheap.

I not sure if there is any SOVO or SOFO project that has been completed with performance to see the yield.

Sorry to all that I am a bit skeptical about the term of SOVO or SOFO bcz under Office term but I am well received of SOHO / Studio for residential usage.
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Empire damansara is sofo/sovo....
The so called soho block by name nia....in essense they are all commercial office suites...

Summer suites
My place cyberjaya
All these sovo/fo vped lioa......next one is zeva

This post has been edited by BEANCOUNTER: Jan 3 2016, 07:30 PM
BEANCOUNTER
post Jan 4 2016, 07:09 AM

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QUOTE(rsquared @ Jan 4 2016, 12:09 AM)
You need to put yourself in the shoes of your prospects, not impose your own perceptions and prejudices on what's suitable and what isn't, unless u r buying Revo for own use......
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I tend to see myself in my investment properties.....if I cant live in such place, I dun expect my tenant will.

I know in reality many investors made good money on smaller than pigeon hole apartments.....but I dun wish to be part of it.
BEANCOUNTER
post Jan 4 2016, 07:12 AM

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QUOTE(jorgsacul @ Jan 4 2016, 12:31 AM)
Many can do in small size studio. Those stay in Japan, Korea, London , Paris or other big cities know this.
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you must know how big are those big cities we talked about.....

Tokyo, London and Paris - what are their population? 20/30mil population?

KL? 2 or 3mil? Do we need to live in under 400sq room for the rest of your life? bcos of what? We wanna embrace the lifestyle of a Londoner or Tokyo person?

BEANCOUNTER
post Jan 4 2016, 07:25 AM

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QUOTE(PeriPeri2014 @ Jan 4 2016, 07:22 AM)
Currently i rent a 200sft small room in KL smile.gif
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do you intend to stay in a rented room for the rest of your life?
BEANCOUNTER
post Jan 4 2016, 10:08 AM

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QUOTE(gks @ Jan 4 2016, 10:00 AM)
I think we need to establish one fact.... everyone desire to own a larger space called home... either when future upgrade, as single, marriage or build a family.

However, to climb a property ladder anyone need to start from somewhere. By budget, location etc. With RM300k, you cannot even get dsl house in Semenyih now. The way i look at it this product, if for own usage (of course if you can accept the concept, suit your lifestyle etc) you can use it for next 3-5 years until you build sufficient equity for your next purchase.

for investors, normally this product is very liquid for rental and common to be rented out within a month or two after fitted up.

Another one good thing about this property is after your move on, the product is pretty liquid for rental as most of the time it is next to major commercial, in good location, access and amenities.
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yes for investors......for rental purposes.......yes.......you can find tenant that will stay in such small space for shorter period......

but for long term....how? unless you keep for rental...for the rest of your life.....

subsales? unless your unit can yield good returns....then you might be able to off load your unit.......

For example....Summer suites.....I have yet to come across anyone buying for own stay (new or subsales)......all the buyers I know bought for rental purposes......

GKS.....from what I learn here.....ppl that dun mind small spaces...usually just rent a room lah tongue.gif why buy a small space for yourself biggrin.gif laugh.gif
BEANCOUNTER
post Jan 4 2016, 10:20 AM

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QUOTE(gks @ Jan 4 2016, 10:15 AM)
Btw one of my frend sold his Empire Damansara 363sf studio to own stayer. There are market out there if you do not put yourself on the own shoes....  brows.gif
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I always wear my own shoes when comes to property investing...

therefore I can conclude that this type of dwelling is not for me.......

I have no objection for investors/ownstayers for such configuration.
BEANCOUNTER
post Jan 5 2016, 10:04 AM

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QUOTE(dz91 @ Jan 5 2016, 09:43 AM)
I do agree that we are not living in tokyo or paris
There are so many plenty of choice in klang valley
Why so desperate to rent a pigeon hole even if it is near a nice mall ?
For me I will gone mad if going to live in such a small room
Not to forget need to compete with park sky rental and malton / ho hup new launch of residence in BJC at the remaining land
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Ho Hup has no residential blocks...all same same like Revo but slightly bigger (think smallest 600sq) and more expensive.

malton punya proper residential condos are more expensive already......and also slightly bigger for their smallest units....so there is no direct competition with Revo..
BEANCOUNTER
post Jan 5 2016, 10:07 AM

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QUOTE(rsquared @ Jan 5 2016, 12:08 AM)
which means 1500sf/4 = 375sf is very good for a single person 😄
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Rsquared, if you want to convince yourself to live in a 375sq room for the rest of your natural life....no one can stop you.....

happy living.....

BEANCOUNTER
post Jan 5 2016, 10:12 AM

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QUOTE(accetera @ Jan 5 2016, 10:09 AM)
Is not about the size.... it's more about the Affordability of the Rental Amount.

Many working professional single ladies don't mind smaller places as they only come back to sleep after long hour work.
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rental of 1500 t0 2000 per unit consider affordable?

Wouldn't renting a room in a shared house more affordable and provide security to the lady herself?
BEANCOUNTER
post Jan 5 2016, 10:22 AM

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QUOTE(accetera @ Jan 5 2016, 10:16 AM)
Gen Y-ers are renting that amount for a highrise small unit elsewhere in Klang Valley as got all for yourself, facilities and privacy.
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honestly Patrick, I got many friends that own small units in PJ and KL....

and their tenants are
1. single expat, male or female
2. local mistress


PERIOD........no local single male or female, working class, gen x or Y......

of course my sample is not conclusive or by any mean a good sample....


BEANCOUNTER
post Jan 5 2016, 10:29 AM

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I am not disputing that there will be some well to do gen x or y will live in under 400sq 'room'.....but tis will not be the targeting market for investors.......as the number is small, and if they can afford to rent, then they will might as well buy....


BEANCOUNTER
post Jan 5 2016, 11:13 AM

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QUOTE(gks @ Jan 5 2016, 11:10 AM)
I think the tenant demographic for compact space is not limited to 1 & 2. i have local malay lady who work as PR in branded hotel and local indian guy rent studio from me.
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local malay lady who works as PR brows.gif
BEANCOUNTER
post Feb 13 2017, 01:34 PM

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QUOTE(ChuiChuiShui @ Feb 13 2017, 11:30 AM)
According to The star, 2.4m. More than 2m net lettable.
I am more interested to know how small and those area to be replace by what.  biggrin.gif  Hope bosses from forum can update more.

The Star
PTLM
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2m net lettable will easily be one of the biggest malls in Malaysia lioa.......if not the biggest. Empire City mall touted to be the biggest mall in Malaysia with 2m net lettable space....(if it does happened).
BEANCOUNTER
post Aug 14 2017, 01:11 AM

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QUOTE(Babizz @ Aug 13 2017, 10:21 PM)
agree with u on whether 1kpsf is cheap is highly debatable. Trying to think of any 300sf office spaces that are successful?

friend jus bought a klcc soxo at 1kpsf while this was asking for 1kpsf 3yrs back+ 5-7% of unfavorable interest and a lot of other soxo challenges.
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Summer suites also consider klcc property meh?
BEANCOUNTER
post Aug 20 2018, 09:49 AM

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QUOTE(sentulraya @ Aug 20 2018, 01:21 AM)
Took some pictures on Sovo construction progress.

HoHup --> This is called "practically completed" and can claim last 5% from purchaser mei ?? 

VP in September is unlikely. AURORA PLACE(3, 4, and 5-storey shop-offices) also many touch-up not completed yet.

bangwall.gif  bangwall.gif  bangwall.gif  bangwall.gif  mad.gif  mad.gif  mad.gif  mad.gif  mad.gif

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friend, this is office, under non schedule.

they can claim when they started the work, not when they finished.

and yes, they can vped your unit earlier unlike scheduled spa.

BEANCOUNTER
post Aug 20 2018, 12:23 PM

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QUOTE(sentulraya @ Aug 20 2018, 11:06 AM)
According to my SPA schedule, delayed VP and LD kick-in starting mid of Aug....let's see if HH will compensate 10% LD  whistling.gif  whistling.gif  whistling.gif
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For non schedule spa, good luck in getting LAD.
BEANCOUNTER
post Aug 20 2018, 02:48 PM

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QUOTE(Cocoon @ Aug 20 2018, 12:27 PM)
Have to sue them. Only viable if claims are big
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they will vp your office suites b4 due date...….

even the entire building is not up for scratch and you cant do anything about it.

its not under HDA therefore you cant go to tribunal. If you levy civil suit, then good luck. See u guys back 5 to 10 years later.
BEANCOUNTER
post Aug 21 2018, 10:15 AM

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QUOTE(sentulraya @ Aug 21 2018, 01:12 AM)
There is no law in Malaysia?  vmad.gif  vmad.gif  vmad.gif
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got law.

law favours developer more than buyers.

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