bro, this project is not meant for conventional rental but will be marketed as hospitality concept. Exsim boss said it himself

This post has been edited by vibey: Oct 10 2016, 02:04 PM

A small hotel room size for 3k. There are a lot better options out there for 3k eg. MyHabitat near Double Tree. Better location in terms of PRIME AREA. Will consider further after getting a chance to see the real thing during launching.

This post has been edited by OperaGhost: Oct 10 2016, 02:01 PM

Is kinda risky to sell at premium price nowadays, the only way to catch the BBB market now is selling lower than the surrounding.

I believe currently platinum face the 1+1bedroom is closer to RM4K mark than RM3k. Those RM3k +/-was at initial stage. Similarly Vortex also undergo a similar phase where landlords willing to rent out at sub RM3.8K to move units. I believe the market soon will stabilize once these landlords are flushed out.

Will Exsims provide the hospitality services?

Bukit Ceylon I think can separate to two zone.
Zone A
One bukit Ceylon (Invito Hotel), One residency (Parkroyal), Seri Bukit Ceylon (A Best Hotel (previous somerset). Menara Bukit Ceylon, Vida Bukit Ceylon (almost VP).
Zone B
SixCeylon, Laman Ceylon, Verticas (lanson Place) , Suasana Ceylon

Zone A is more attract to short term tenant or tourist as they prefer walking distance to changkat , MRT station and pavilion.

Zone B is more long term staying, as it further to the noise from the changkat. However there is also tourist stay in zone B.

If you are familiar of bukit Ceylon, expat who are working in surrounding area they will prefer stay in laman Ceylon , Six Ceylon, Suasana Bukit Ceylon and Verticas. However I did not say there are nobody stay in Zone A. I mean they prefer zone B more than zone A.
The smallest size so far in Bukit Ceylon is One Bukit Ceylon 453sqf, the previous transaction price is RM 1700 - 1800 psf ( year 2013). The rental for One bukit Ceylon is RM 2200 to RM 2500. Yes it reduce a lot is because a lot of oil and gas not staying here any more. Seriously it affect not only bukit Ceylon , it affect the whole klcc and bukit bintang area. You will aware the Laman Ceylon the rental for studio can go for RM 2500 to RM 3000.

There are two projects currently launch in bukit ceylone, Exsim and Pavilion. Definitely I will thing pavilion the location wise is better, the price also RM 1300++ psf however because bigger size, cheapest price around RM 1.1 m. Exsim although the location is further but because of low capital. If the rental can reach RM 2500. It still can cover your loan with the maintenance for 85% margin loan.

Hi Investor. Above info just for sharing, some might not agree my statement, but like I say just for sharing purpose. Do PM me if you need to discuss further about the Bukit Ceylon.

They MIGHT help owners lease out and manage at a fee in the future but this is not confirmed

This post has been edited by vibey: Oct 10 2016, 07:09 PM

Good insights and info .. thanks for sharing

This post has been edited by vibey: Oct 10 2016, 03:01 PM

Private Preview was more or less 90% confirmed on 22nd and 23rd October. Easy Entry & super early bird extra specials are available for these dates. Don't be late or angry bird pm me if interested to rvsp.

so late?
thought the absolute earliest batch is this weekend?

Postponed to next weekend.

In general what are the prospect or outcome of 'revived' or 'changed hand' projects?

The agency is promoting the unit as potential Airbnb or other mean of short term stay.

My concern is
(1) whether Airbnb will be the legitimate business model, with the potential of future regulation and possibly resistance from hoteliers and neighbours alike. in the case if resident

(2) if you are a long term stayer, would u stay in a place where people can come in and out freely? would you complain to the JMB and restrict them? I have never stay in an apartment, but I think sometime you don't even know who is your neighbours, hence, would you even care?

(3) would you pay RM 2.5k for a room without kitchen?

(1) First of all, even if regulation were to come into place, restrictions would be minimal as Ceylonz is commercial titled non HDA buiding. You should only be more concerned if its is a residential titled condo . 2ndly, this article back in August this year has mentioned that the government has no plans to regulate airbnb or any short term rental biz for the foreseeable future. http://www.thestar.com.my/news/nation/2016...nsidered-legal/

Looks like airbnb will have a bright future here in Malaysia.


The Urban Wellbeing, Housing and Local Government Ministry said this in response to claims from the hotel industry that such services were illegal as homeowners were renting out properties to tourists for business.

“Due to the nature of travellers drawn to cheap prices and the personal agreement made between the host and the traveller, Airbnb is considered legal.

“This is as long as no foul play or fraud is involved or intended, such as in cases of Internet scams,” the ministry’s policy and inspectorate division told Sunday Star



(2) To be frank, this project heavily marketed as an investor product, much like summer suites. The MD of Exsim himself has said that this project is geared towards hotel/hospitality concept, unlikely get many long terms stayers there if any. Mostly targeted for vacationers or working expatriates who need to stay in kl for a couple of weeks and months .

(3) I think they might have a pantry for light cooking.

By the way I recently wrote an article about considerations that you might need to look into if you were to purchase a property for the business for the purpose of airbnb biz in KL.

http://chrisseahrealestate.blogspot.my/201...purchasing.html

This post has been edited by skh9000: Oct 14 2016, 12:43 AM

After rebates , for smallest unit of 384sf
Very very conservative calculations
Target daily rental of Rm150
X30days
X70% occupancy ( industry average , but middle of town will be 80% and above)
Will get returns of Rm3150 Just enough to break even (loan+ Mantainance fee etc )


But if we go for KL Town Centre prices (theres still the year end super peak)
Rm150 x30days x80% thats Rm3600 , now thats better 👍

Mantainance +sinking fund is Rm0.77 psf !!!!
But after getting over the price tag shock , for small units , its Rm296pm

This post has been edited by JollyRogers: Oct 14 2016, 08:35 PM

I think you can get more than RM150 per day. One bukit ceylon at 411sf or studio getting RM200 to RM250 per day.

RM150 is too low for such a prime area...at the very minimum also from RM180

Ceylonz Suites is going to be a very beautiful development so why go so cheap?

This post has been edited by vibey: Oct 14 2016, 09:39 PM

Dude Vibey,
I make a quick check on rental, both monthly on iprop and daily on airbnb.
For One @ Ceylon, monthly rental conservatively stand at RM 2k for 411 sf.
And on Airbnb, i can see Invito daily rate is at RM 99 / day minimum.

For airbnb One Ceylon 411studio units i think this would be pretty accurate, they manage a few units, price ranging from RM150 to RM200++

https://www.airbnb.com/s?host_id=12578460&p...override%5B%5D=

For some of the units after 1 guest they increase rm20 per guest from the starting listed price

Bear in mind price could change during peak season as well

Also they have this

To ensure that you enjoy the best value for what you pay, certain optional extras are presently NOT included & separately charged upon advance request:-
1. Housekeeping @ RM50 per service
2. Car Park @ RM15 per day (Minimum 3 nights stay)
3. Extra Guest (Keys) @ RM20 a day.
4. Extra single mattress with bedding linens @ one time set up cost of RM100.
5. Lost Keys/ Access Card: RM200 (if not returned upon check out, deemed lost)


Apologies for over estimating the rates at 200 to 250

This post has been edited by vibey: Oct 15 2016, 06:13 PM

One @ Bukit Ceylon also Rm.77psf same same hehehe


Biggest size is 578sf for Ceylonz so that would amount to about RM445...not too shocking I supposed?

This post has been edited by vibey: Oct 15 2016, 05:07 PM

it is alot. of course we have to see at the psf cost. industry standard for small unit as far as i can see does not exceed 0.50 psf. i believe RM 200+ is for units of this size in CBD. but not RM 300.