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

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SUSMarkora
post Oct 17 2016, 04:51 PM

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Well wish you guys luck and be carefull and budget for O.50 cents per sq ft for maintenance cause Exims current rate its only a gimmick like other developers.
kochin
post Oct 17 2016, 10:02 PM

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77 cents psf? Seriously?
But below 500 k for cheapest unit is tempting.
javelin123
post Oct 18 2016, 12:47 AM

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hmm... below 500k definitely is those for views which are blocked.

I am not sure , how the conventional rental works in Ceylon suites.

definitely cannot cover the loan.
vibey
post Oct 18 2016, 01:22 AM

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QUOTE(javelin123 @ Oct 18 2016, 12:47 AM)
hmm... below 500k definitely is those for views which are blocked.

I am not sure , how the conventional rental works in Ceylon suites.

definitely cannot cover the loan.
*
this doesnt work with conventional rental well.....instead its for hospitality purpose with 6 levels of facilities including a cafe

yes it's blocked view doesnt matter too much because vacationers can just to the top floors ( skypool level or rooftop garden) or pocket gardens to see all kinds of view they want like kl tower , kl118, bukit nanas forest reserve and bukit bintang etc

vibey
post Oct 18 2016, 01:26 AM

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QUOTE(kochin @ Oct 17 2016, 10:02 PM)
77 cents psf? Seriously?
But below 500 k for cheapest unit is tempting.
*
yes i would agree with you it's steep. But due to small unit size absolute maintenance fee around 300 to 400+.

One Bukit Ceylonz is currently going at the exact same rate as well. also 0.77 and their unit range from 411sf to 900++ sf
12Digit
post Oct 18 2016, 09:17 AM

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Wow another development by EXSIM again !! Must go see see how is the respond on launching !!! BUKIT CEYLON is good for capital appreciation?

| KENZO |
post Oct 18 2016, 11:04 AM

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QUOTE(OperaGhost @ Oct 17 2016, 08:03 AM)
Not sure same with their staff price or not but judging from the current price of rm630psf it is consider a bargain ady 😎
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U mean The Leafz current price at 630 psf? Like that also call bargain ah? Haha

If u were first batch buyer, then bargain la. Price ok, guess got DIBS and Exsim all projects quality also ok. Nicest is Twin Arkz but if to say dev price vs quality, The Leafz and the only one. The Treez not bad lah but that should be better workmanship since it was sibeh high price back then.

Exsim dont earned much from Treez and Leafz, good from Arkz but hearsay they gonna cut cost from other new projects.
OperaGhost
post Oct 18 2016, 11:59 AM

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QUOTE(| KENZO | @ Oct 18 2016, 11:04 AM)
U mean The Leafz current price at 630 psf? Like that also call bargain ah? Haha

If u were first batch buyer, then bargain la. Price ok, guess got DIBS and Exsim all projects quality also ok. Nicest is Twin Arkz but if to say dev price vs quality, The Leafz and the only one.  The Treez not bad lah but that should be better workmanship since it was sibeh high price back then.

Exsim dont earned much from Treez and Leafz, good from Arkz but hearsay they gonna cut cost from other new projects.
*
Yup I'm the 1st batch of buyer for Leafz 😎 Twin Arkz entry abit on the high side eh my friend. And also what makes u think thy gonna cut cost for new project. Tak baik fitnah orang tau 😂

This post has been edited by OperaGhost: Oct 18 2016, 11:59 AM
| KENZO |
post Oct 18 2016, 12:03 PM

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QUOTE(OperaGhost @ Oct 18 2016, 11:59 AM)
Yup I'm the 1st batch of buyer for Leafz 😎 Twin Arkz entry abit on the high side eh my friend. And also what makes u think thy gonna cut cost for new project. Tak baik fitnah orang tau 😂
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Like I said, I also hearsay. Not sure anyway. Treat it as rumours anyway. Cut cost in which way I not sure. Probably as new developer, they made mistakes for over delivered for The Treez.

Twin Arkz entry was damm expensive. Way above the BJ market value back then. Even now, subsale hardly move.

Overall Exsim projects are all great. Quite special. The downside is the pricing.
cutealex
post Oct 18 2016, 01:21 PM

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Recently many MSG spam me for this project
gks
post Oct 18 2016, 01:42 PM

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QUOTE(| KENZO | @ Oct 18 2016, 11:04 AM)
U mean The Leafz current price at 630 psf? Like that also call bargain ah? Haha

If u were first batch buyer, then bargain la. Price ok, guess got DIBS and Exsim all projects quality also ok. Nicest is Twin Arkz but if to say dev price vs quality, The Leafz and the only one.  The Treez not bad lah but that should be better workmanship since it was sibeh high price back then.

Exsim dont earned much from Treez and Leafz, good from Arkz but hearsay they gonna cut cost from other new projects.
*
The Treez was launched from RM500psf (correct me if I am wrong) way back in 2010.

Currently the transacted price the gap is very wide.

http://www.brickz.my/transactions/resident...nce/non-landed/

for a property that launched in 2010... The capital appreciation is not great...

For this Ceylonz at this lesser desirable part of BC, i think the price is tad that over the top la... They really make the unit compact and sell on affordability and easy entry.

My 2 cents.
kochin
post Oct 18 2016, 02:18 PM

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440 units.
17 units per floor.

3 types of units.

smallest at 384sf, but the dual key once split is actually even smaller (578sf/2=279sf).

my god, really cannot imagine 279sf per unit. kekeke.
so effectively it's more like 23 units per floor if we count the dual keys as 2 units.

exsim really geng chau.

absolute cheapest for a decent unit at approx 570k after all discount.
developer is smart. playing with absolute price point.
psf wise, it's a killer. but absolute it provides an opportunity to buy into the ceylon address.

come 22nd, will know whether it's a BBB or ???

anyhow, it's again a non HDA product masquerading as a residence.
almost zero down providing easy entry.

so, anybody interested?
agents sibeh aggresive, potentially able to secure units. pm me pls if keen.
no guarantees ya. just helping out the agents.
hopefully they can pass me duit kopi. kekeke.

javelin123
post Oct 18 2016, 02:28 PM

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QUOTE(vibey @ Oct 18 2016, 01:22 AM)
this doesnt work with conventional rental well.....instead its for hospitality purpose with 6 levels of facilities including  a cafe

yes it's blocked view doesnt matter too much because vacationers can just to the top floors ( skypool level or rooftop garden)  or pocket gardens to see all kinds of view they want like kl tower , kl118, bukit nanas forest reserve and bukit bintang etc
*
You were saying having 6 facilities... may I know what kind of facilities will be in this property besides café? and where is the café located? top floor or lower floors?

0.77psf is on the steep side. better be good.

on the other hand, if is for hospitality purpose. is the developer managing on behalf of us or we have to advertise ourselves?



javelin123
post Oct 18 2016, 02:49 PM

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QUOTE(kochin @ Oct 18 2016, 02:18 PM)
440 units.
17 units per floor.

3 types of units.

smallest at 384sf, but the dual key once split is actually even smaller (578sf/2=279sf).

my god, really cannot imagine 279sf per unit. kekeke.
so effectively it's more like 23 units per floor if we count the dual keys as 2 units.

exsim really geng chau.

absolute cheapest for a decent unit at approx 570k after all discount.
developer is smart. playing with absolute price point.
psf wise, it's a killer. but absolute it provides an opportunity to buy into the ceylon address.

come 22nd, will know whether it's a BBB or ???

anyhow, it's again a non HDA product masquerading as a residence.
almost zero down providing easy entry.

so, anybody interested?
agents sibeh aggresive, potentially able to secure units. pm me pls if keen.
no guarantees ya. just helping out the agents.
hopefully they can pass me duit kopi. kekeke.
*
if the location near to changkat bukit bintang.... it should spark a lot of potential buyer interest.
vibey
post Oct 18 2016, 02:55 PM

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QUOTE(javelin123 @ Oct 18 2016, 02:28 PM)
You were saying having 6 facilities... may I know what kind of facilities will be in this property besides café? and where is the café located? top floor or lower floors?

0.77psf is on the steep side. better be good.

on the other hand, if is for hospitality purpose. is the developer managing on behalf of us or we have to advertise ourselves?
*
I'll pm you what facilities are included
12Digit
post Oct 18 2016, 02:56 PM

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QUOTE(kochin @ Oct 18 2016, 02:18 PM)
440 units.
17 units per floor.

3 types of units.

smallest at 384sf, but the dual key once split is actually even smaller (578sf/2=279sf).

my god, really cannot imagine 279sf per unit. kekeke.
so effectively it's more like 23 units per floor if we count the dual keys as 2 units.

exsim really geng chau.

absolute cheapest for a decent unit at approx 570k after all discount.
developer is smart. playing with absolute price point.
psf wise, it's a killer. but absolute it provides an opportunity to buy into the ceylon address.

come 22nd, will know whether it's a BBB or ???

anyhow, it's again a non HDA product masquerading as a residence.
almost zero down providing easy entry.

so, anybody interested?
agents sibeh aggresive, potentially able to secure units. pm me pls if keen.
no guarantees ya. just helping out the agents.
hopefully they can pass me duit kopi. kekeke.
*
bro, can share share the selling point of this project, understand the every each of the project will have own pro and cons. Just sharing sharing might grab one .
kochin
post Oct 18 2016, 03:04 PM

I just hope I do!
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QUOTE(12Digit @ Oct 18 2016, 02:56 PM)
bro, can share share the selling point of this project, understand the every each of the project will have own pro and cons. Just sharing sharing might grab one .
*
my stand is clear.
i stay clear of hybrids or ah kua.

not my cup of tea.

read back my views in summer suites.

those who are more adventurous, by all means go ahead.

the good:
absolute okay price point
low downpayment
no frills spot on type of facilities
good location, no doubt
exsim branding (good or bad)
walkable to rail connectivity of masjid jamek and further away is raja chulan station
very nice view (for those going for unblocked units) to kl tower and klcc
sky pool

the bad:
high psf
leasehold
no car park (but can rent lah)
high maintenance fees

Lowtan
post Oct 18 2016, 03:19 PM

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for the time being, no go for me.
i have been studying this project and was quite interested at the beginning. but the more i studied it is not as straightforward.
first of all the rental portray is best scenario with high rental and 70% occupancy. occupancy rate may be achievable, but the rental?

you have to consider airbnb commission, easily set u back 10-15%. u have to consider electricity and water cost. people who stay there will not help you to save those utility bills and mine you this is a commercial rate. how about things that you have to replace like toiletries, towel replacement, and small little things that hotel always provide.

i dont know if those provider like airporter really do A-Z for you and u just have to wait the bill to come in.
javelin123
post Oct 18 2016, 03:24 PM

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QUOTE(Lowtan @ Oct 18 2016, 03:19 PM)
for the time being, no go for me.
i have been studying this project and was quite interested at the beginning. but the more i studied it is not as straightforward.
first of all the rental portray is best scenario with high rental and 70% occupancy. occupancy rate may be achievable, but the rental?

you have to consider airbnb commission, easily set u back 10-15%. u have to consider electricity and water cost. people who stay there will not help you to save those utility bills and mine you this is a commercial rate. how about things that you have to replace like toiletries, towel replacement, and small little things that hotel always provide.

i dont know if those provider like airporter really do A-Z for you and u just have to wait the bill to come in.
*
I thought the air bnb commission Is only 3 percent?

correct me if I am wrong.
kochin
post Oct 18 2016, 03:28 PM

I just hope I do!
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QUOTE(Lowtan @ Oct 18 2016, 03:19 PM)
for the time being, no go for me.
i have been studying this project and was quite interested at the beginning. but the more i studied it is not as straightforward.
first of all the rental portray is best scenario with high rental and 70% occupancy. occupancy rate may be achievable, but the rental?

you have to consider airbnb commission, easily set u back 10-15%. u have to consider electricity and water cost. people who stay there will not help you to save those utility bills and mine you this is a commercial rate. how about things that you have to replace like toiletries, towel replacement, and small little things that hotel always provide.

i dont know if those provider like airporter really do A-Z for you and u just have to wait the bill to come in.
*
boss, pls don't compare airbnb or whatever.
it should always be benchmark against existing surrounding prop lah.

my thoughts are simple.
which other similar projects nearby that is comparable.
indeed the nearby units are generally much bigger in size with a much heavier pricetag.

and assuming if you indeed buy in at say RM560k - RM600k, in terms of absolute it's one of the cheaper alternative within that area.

comparatively to a wider scale, which other area that you can buy in at such price and offer better yields?

randomly let's say i benchmark against:
azure tower in kelana jaya
tropicana gardens in kd
sentral suites in kl sentral

what are their price against the yield?

just throwing some random things to ponder ya...

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