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Investment EKOCHERAS @ JALAN CHERAS (V4) [MRT PROPERTY] [OT], Where Cheras becomes Mont'Jiulai

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fotokaki
post Jan 7 2020, 05:46 PM

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QUOTE(icemanfx @ Dec 24 2019, 11:00 PM)
There are many property transacted everyday. the question is how many vendor find profit worthwhile? how many units are at preferred location, etc? as said before, property is not the only investment option available.
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If the price has not appreciated more than 25% u r not gaining anything coz u hv the bank interest paid and also the sales tax and others fees.

fotokaki
post Jan 7 2020, 05:48 PM

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QUOTE(irvine3k @ Jan 7 2020, 02:51 PM)
Ya bro, I can confirm that and I visit EkoCheras everyday as I live opposite only haha..

The parking is bad. the finishing of the mall is bad with some places painted, some places just left like that (Eco-friendly wo..)

The outside looks cluttered with patches of works still going on and off..most of the shops is still not taken up and renovation works here and there..

Hope they will improve.
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The developer said this is their 'concept' ? The parking is as bad as under construction status ! Dusty and unfinished.
New mall but escalator always not working. doh.gif
fotokaki
post Jan 8 2020, 01:46 AM

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QUOTE(bigman @ Jan 7 2020, 06:04 PM)
Need to pray for Bandar Malaysia since same developer and contractor of this project... 🙏🙏
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OMG !! shocking.gif
Perhaps they hv channeled their resource to Bandar Malaysia ?
fotokaki
post Jan 8 2020, 01:48 AM

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QUOTE(LTG @ Jan 7 2020, 08:45 PM)
developer going convert 100 unsold unit to airbnb , with existing more than 50 Airbnb unit..  hard to survive during low season.  maybe after CNY can see rm 70 /night
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Nowadays so many AirBnB in every unsold condo units. How to get > 50% occupancy rate ?
Short term cannot work out and long term cannot work out then how ?

Saving interest of 150k is much easier than earning 150k nowadays !
fotokaki
post Jan 9 2020, 05:58 PM

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QUOTE(LTG @ Jan 8 2020, 12:22 PM)
operator won't die just owner will complaint income not as expected , most owner expect Airbnb income can cover their installment
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This is the general thinking. Dun forget the interest portion paying to bank every month !
When interest rate hike for 0.25% the tenure will actually extended for 35 solid months for a 30 yrs loan !
fotokaki
post Jan 15 2020, 02:05 PM

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That is very bad !! Anything can happen without attention !!
What's the management doing other than collecting the fees every mth ?


QUOTE(loutze @ Jan 15 2020, 11:28 AM)
there is ways to access B2 & B3 residence parking without access cards from B1 shopping mall parking stairs. No guard give a damn if there is alarm ringing non stop for a few days
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fotokaki
post Jan 22 2020, 10:38 PM

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Good information. Thanks for sharing rclxms.gif

QUOTE(scarypoolparty @ Jan 17 2020, 11:56 AM)
I just been playing devil advocate here....pls ignore those messages....bcos there are simply too many haters here. I will ignore them all. Haters gain power via reactions only. when there is no reaction, they will die of natural dead.

OK back to your concept of SOHO.

downstairs got shop is called commercial land title, and not SOHO. All commercial land title developments (saved for some exemption) NEED to have commercial elements be it offices or retails IF developer wants to sell residential elements in the project, hence the shops. Whereas residential land title condo they don't have to build shop within the land parcel.

SOHO (small office Home office) is a concept started in New York where unit is dual usage. It can be used as office, or home or both. BUT in Malaysia, the laws don't catered for this type of concept, therefore developer needs to decide if they want to sell as 'apartments' or 'office suites, such as SOVO SOFO and etc'. Usually SOHO is sold under residential usage and protected under HDA under schedule H, meaning strictly for residential usage but in reality, it can be used as dual functions. If other resi users die die want to make a big issues out of some owners used as office, they could be in the right as all legal docs shown as such.

for this particular project, even thought the developer cited SOHO for block J and H, but in reality they hardly create facilities for SOHO elements, but more like a typical service apartments only. a proper GRADE A soho project will have at least a "office' board at Lobby, indicating office names, and a dedicated reception counter and perhaps an easy access and exit for customers to visit your unit.

Also, SOHO usually don't come with free carpark for owners unit bcos some owners may not have vehicles. they usually rent from management if they need one or two lots.
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