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Investment CEYLONZ SUITES @ BUKIT CEYLON [OWNERS' THREAD], Revival of St. John Woods project

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Lowtan
post Oct 16 2016, 08:58 PM

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QUOTE(propertybbb @ Oct 16 2016, 07:15 PM)
Lousy loc of ceylon..i wan near pavillion side ...who care about petaling street n bursa.
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bro,
the attractive point here is that it is easy for someone to own a piece of prop in the golden triangle, be it for first time owner, those limited by LTV 70% and anyone in between.
if you have equivalent psf (or lower) and EASY entry like this in pavilion area, pls share with us.

otherwise anyone can claim they prefer this and that area, which at the end is only for the elite.
Given a choice, i also want KLCC/BB area, but limited only by my bank account.


OperaGhost
post Oct 16 2016, 09:14 PM

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QUOTE(Markora @ Oct 16 2016, 07:34 PM)
Being a Exim property owner I would not invest in another Exim project.
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Do elaborate more... I'm keen to find out from ur experience as I'm a current Leafz owner renting my unit at a very healthy price for the past 1 year. Exsim as a developer is considered very good among the newbies as compare to my previous investment with other developer. I don't mind investing in their other projects although i do find ceylonz over priced.
OperaGhost
post Oct 16 2016, 09:16 PM

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QUOTE(HarpArtist @ Oct 16 2016, 07:39 PM)
care to elaborate? my guess... lack of aftersales svc for certain bj project...?
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Treez been around for awhile now. Twin Arkz baru VP. Yang mana jek and why hehe 😗

This post has been edited by OperaGhost: Oct 16 2016, 09:20 PM
OperaGhost
post Oct 16 2016, 09:20 PM

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QUOTE(Lowtan @ Oct 16 2016, 08:50 PM)
to be frank, i am quite impress with their project, at least from picture and never actually visited any of the site. and they are quite a new player and came up with quite a good reference.

But can you elaborate on your experience?
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My finishing for the Leafz is considered very good with only minor touch up here n there... Overall better than my expection. Facilities n landscaping also nicely done.
SUSMarkora
post Oct 16 2016, 10:24 PM

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Ask the developer weather they can hod the maintenance fees for 2 years without an increase, Exim is famous for handover within 6 months of handover and claim insufficient fund to manage the property and you will get into catch 22 situation with a absorbent maintenance cost and it will not be viable to rent to recover, in Daun sungei besi they could handover the artist impression sports facility and it sucks now, be cautious and ask all the million dollar question and get it documented , my unit in Daun they promise me they wont charge maintenance for the gardens attached to the units during the booking and later they turn the table around and charged all the owners with garden
Asali
post Oct 16 2016, 10:39 PM

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QUOTE(OperaGhost @ Oct 16 2016, 09:20 PM)
My finishing for the Leafz is considered very good with only minor touch up here n there... Overall better than my expection. Facilities n landscaping also nicely done.
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TheLeafz was selling 450k to 475k in year 2011. That time kuchai avenue was selling 275k to 300k. The recent adjustment of maintenance fees doesn't make a lot sense. Again it is almost doubled maintenance fee in kuchai avenue smile.gif The Leafz was damn luckily as it launched during the starting of property up-cycle. If u bought a unit in kuchai avenue in yr 2011 i think roi and rental yield much better.






OperaGhost
post Oct 16 2016, 11:52 PM

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QUOTE(Asali @ Oct 16 2016, 10:39 PM)
TheLeafz was selling 450k to 475k in year 2011. That time kuchai avenue was selling 275k to 300k. The recent adjustment of maintenance fees doesn't make a lot sense. Again it is almost doubled maintenance fee in kuchai avenue smile.gif The Leafz was damn luckily as it launched during the starting of property up-cycle. If u bought a unit in kuchai avenue in yr 2011 i think roi and rental yield much better.
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Yes I'm the first batch who bought dedaun. The increase of maintenance was a lot but I'm still able to cover from the rental.

This post has been edited by OperaGhost: Oct 16 2016, 11:52 PM
OperaGhost
post Oct 16 2016, 11:59 PM

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QUOTE(Markora @ Oct 16 2016, 10:24 PM)
Ask the developer weather they can hod the maintenance fees for 2 years without an increase, Exim is famous for handover within 6 months of handover and claim insufficient fund to manage the property and you will get into catch 22 situation with a absorbent maintenance cost and it will not be viable to rent to recover, in Daun sungei besi they could handover the artist impression sports facility and it sucks now, be cautious and ask all the million dollar question and get it documented , my unit in Daun they promise me they wont charge maintenance  for the gardens attached to the units during the booking and later they turn the table around and charged all the owners with garden
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Im sorry to hear ur problem as my floor doesn't have the garden hence I'm not aware n also not affected. Actually the floors with gardens are charged with a much premium price if not mistaken which I can understandable why owner are unhappy if the SA twist n turn what being promised during sales. My overall experience end to end with Exsim was a good 1 although the spike of maintenance did caught me by surprise.
Asali
post Oct 17 2016, 12:31 AM

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QUOTE(OperaGhost @ Oct 16 2016, 11:52 PM)
Yes I'm the first batch who bought dedaun. The increase of maintenance was a lot but I'm still able to cover from the rental.
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I heard the 1st batch got extra rebate same as their staffs:P

Asali
post Oct 17 2016, 12:37 AM

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QUOTE(Markora @ Oct 16 2016, 10:24 PM)
Ask the developer weather they can hod the maintenance fees for 2 years without an increase, Exim is famous for handover within 6 months of handover and claim insufficient fund to manage the property and you will get into catch 22 situation with a absorbent maintenance cost and it will not be viable to rent to recover, in Daun sungei besi they could handover the artist impression sports facility and it sucks now, be cautious and ask all the million dollar question and get it documented , my unit in Daun they promise me they wont charge maintenance  for the gardens attached to the units during the booking and later they turn the table around and charged all the owners with garden
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To be frank all facilities are maintains well especially the swimming pool sanitizing three times a week.
vibey
post Oct 17 2016, 12:46 AM

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one of things I can say very confidently about Exsim is that their track record of the facilities, workmanship are really good and well maintained...to me it's above average market standard..I'm very confident it will be substantially better than One Bukit Ceylon in that regard. This is very important if you wanna do short term rental business.

This post has been edited by vibey: Oct 17 2016, 12:46 AM
vibey
post Oct 17 2016, 01:01 AM

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QUOTE(Lowtan @ Oct 16 2016, 08:58 PM)
bro,
the attractive point here is that it is easy for someone to own a piece of prop in the golden triangle, be it for first time owner, those limited by LTV 70% and anyone in between.
if you have equivalent psf (or lower) and EASY entry like this in pavilion area, pls share with us.

otherwise anyone can claim they prefer this and that area, which at the end is only for the elite.
Given a choice, i also want KLCC/BB area, but limited only by my bank account.
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Yes I understand many of you here find the psf a hindrance. However. let's wait until the final list price and packages which are to be revealed soon.

Also, at least 90% in the entire bukit ceylon including Pavilion Ceylon are the bigger units and the absolute price are mostly more than 1 million. Exsim Ceylonz represents the easiest entry you can find anywhere in Ceylon Hill today. There are more bigger units in Ceylon than smaller units, yet at the same time the smaller units are easier to rent out and also to sell. There are way more bigger units listed on iproperty and propguru than small units. I believe future investors trend are more geared to smaller units.( I stand to be corrected on this) Asking price for one Bukit ceylon are 411sf units now are 1500 psf. On the whole, I'm quite bullish on this area over mid to long term, partly because I used to hang out quite often in Changkat BB and I really like this place. It's like there r more foreigners than malaysians there, just that vibe or something. Just my opinion..anyhow I stand to be corrected by all the sifus and taikos here smile.gif

This post has been edited by vibey: Oct 17 2016, 01:28 AM
OperaGhost
post Oct 17 2016, 08:03 AM

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QUOTE(Asali @ Oct 17 2016, 12:31 AM)
I heard the 1st batch got extra rebate same as their staffs:P
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Not sure same with their staff price or not but judging from the current price of rm630psf it is consider a bargain ady 😎

This post has been edited by OperaGhost: Oct 17 2016, 08:06 AM
limwc78
post Oct 17 2016, 09:51 AM

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QUOTE(Lowtan @ Oct 15 2016, 09:56 PM)
heard that the typical facilities is nothing out of ordinary.

make a site visit yesterday. it is a good neighbourhood. but it is at the tail end of prestigious Ceylon belt, almost at the junction of Jalan Raja Chulan. its a quiet neighbourhood, but i have to agree that it is in Zone 2. Suasana Bkt Ceylon used to be the last one on this belt, but this title will be very soon acquired by Exsim. Still, walking distance to Ceylon nightlife is not too far, about 600m or 10-15 min walk, where u will pass through One Ceylon, 6 ceylon, lanson place, laman ceylon, verticas etc.

Pavilion Ceylon Hill is selling at about RM 1.3kpsf with min build up of 800sf, making an entry of 1.1 mil.
While i know higher build up translate into lower psf, but i cannot help but to compare both projects.

Psf          : 1.3kpsf (Pav) vs RM 1.45kpsf (Exs)
Branding  : Pavi > Exsim. Even the name carry more weight. To be frank, Ceylonz suite just an lazy way to name it.
Land tenure: Freehold (Pavi) vs leasehold( Exs)
Location    : Pavi (Zone 1) vs Exs (Zone 2).

I know many will argue it is not an apple to apple comparison, but whatever higher price due to lower build up  should be on par with Pavilion, since Pavilion are more superior in the important consideration point as above.

the only reason why Ceylonz Suite can be sold at such a high price psf because it position into a sub 600k with a tiny build up where many can afford and loan 85% for 3rd prop.

the only reason why i have some much studies is that i am also considering this prop.
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Wow Lowtan , you really agree my zone A and Zone B concept. rclxms.gif rclxms.gif
Lowtan
post Oct 17 2016, 10:17 AM

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Vibey,
They have private viewing yesterday which I;m sure you are aware off and pricing already being released on the kind of rebate given. I;m not sure what other price we still have to wait other than the actual unit price which depend very much on which floor you are getting.

I have the brief information which i think the rebate is abit confusing as they are few tiers. also there are also with and without GST price and package, and furnish and bare unit.

my view as investor is that: i want easy entry and full furnished. In this case if i choose furnished, i have to pay 6% GST, which is very substantial and no longer as easy entry as it was. then if i have to furnish according to airbnb standard, a bit of effort has to be there and not so straight fwd.
Lowtan
post Oct 17 2016, 10:27 AM

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QUOTE(limwc78 @ Oct 17 2016, 09:51 AM)
Wow Lowtan , you really agree my zone A and Zone B concept.  rclxms.gif  rclxms.gif
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agree must say agree mah. icon_rolleyes.gif
anyway the Ceylonz site is not too far also lah. walkable
limwc78
post Oct 17 2016, 10:37 AM

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QUOTE(Lowtan @ Oct 17 2016, 10:27 AM)
agree must say agree mah.  icon_rolleyes.gif
anyway the Ceylonz site is not too far also lah. walkable
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I will be in the showroom 22 and 23 whole day. See you.
Lowtan
post Oct 17 2016, 10:51 AM

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QUOTE(limwc78 @ Oct 17 2016, 10:37 AM)
I will be in the showroom 22 and 23 whole day. See you.
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are u one ofthe agent?
limwc78
post Oct 17 2016, 01:52 PM

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QUOTE(Lowtan @ Oct 17 2016, 10:51 AM)
are u one ofthe agent?
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I am exsim previous buyer. I do have invitation card to invite you to come.
vibey
post Oct 17 2016, 03:46 PM

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QUOTE(Lowtan @ Oct 17 2016, 10:17 AM)
Vibey,
They have private viewing yesterday which I;m sure you are aware off and pricing already being released on the kind of rebate given. I;m not sure what other price we still have to wait other than the actual unit price which depend very much on which floor you are getting.

I have the brief information which i think the rebate is abit confusing as they are few tiers. also there are also with and without GST price and package, and furnish and bare unit.

my view as investor is that: i want easy entry and full furnished. In this case if i choose furnished, i have to pay 6% GST, which is very substantial and no longer as easy entry as it was. then if i have to furnish according to airbnb standard, a bit of effort has to be there and not so straight fwd.
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Yes I mean the full price chart is not out yet. Actually bare unit is not really bare, air con, plaster ceiling with lights , flooring + bathroom fittings etc is given and with GST all absorbed. You just need to put some effort in doing kitchen/pantry, wardrobe, get a bed and some miscellaneous ID stuff to make your units to airbnb standard or make it standout from others . Since unit size is small, dont need to put a lot of $$$. I will still say this, entry is the lowest you can find in ceylon now and possibly in the future too

This post has been edited by vibey: Oct 17 2016, 03:47 PM

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