Property news source: https://renthouz.my/news-hub.

A well established boutique developer will be taking over.

Coming soon in 2016.

This post has been edited by accetera: Jun 28 2024, 11:43 AM

Any further info to share?

have a picture or the location?

more info pls..

park....

Parking 1st..

Where is the location? Behind bursa?

Exsim sudah beli

kepo too

The former St. John Woods Residences, Persiaran Raja Chulan

48 units...price must be very chialat...

Not for ordinary people like me. Propwall said price from 2.8M maintanaince 0.45cent. Smallest unit 3660sf maintenance would cost 1.5k plus installment around 1.3k, you need to pay ~15k a month for the lousiest unit.

only meant for elites' home. Btw, use this name in current msia...can meh?wont get kacau by some red shirt or etc?

Exsim has taken over this project and plan to convert it into a SOHO studio type property.

RM1,000psf for small sizes ok or not?

depends on the design lo....
nowadays market can't absorb so much leh

This area no lrt or mrt. Not suitable for soho

Around May or June if not mistaken.

Then this may june, YKS will be end of year already?

Tentatively, subject to market situation and BBCC also.

I think is overpriced. What do you think?

Tentatively convert to how many units?

I think if small units, then it is do-able although the location is very so-so.

Bukit Ceylon leh, definitely not less than rm 1500 psf.

The further part of Bukit ceylon.

the nearest to this will be the suasana bukit ceylon , the price i think around rm 950 - rm 1150. For verticas also around rm 1050 psf. May be you are right , it cannot reach RM 1500. I do hope it can be rm 1000 - rm 1200 , so can afford to buy a unit.

Thread title with temporary name updated.

Woohoo will be launch very soon.

no "z" at the end of the name?

coming soon, stay tuned

I thought OKR project come 1st?

I heard this come first.

in bukit Ceylon the highest price still one @ bukit Ceylon RM 1500 psf. May be because of the size 463 sqf. The rest of the building the price also not appreciate a lot some even dropping this few years. It is because more oil and gas and foreign worker leaving the KLCC area.

You can find the bukit Ceylon the subsale for some new condo completed with in 5 years the price still between RM 950 - RM 1200 psf.

Actually this area still good for investment if your holding power is strong. So hope the Exsim project in bukit Ceylon will the price between rm 1200 to RM 1300. However if they follow the one bukit Ceylon (invite hotel) doing the same size, the price might follow to RM 1500psf.

Component:

Offce Suites - 442 units (Non HDA)
4 levels of facilities

This post has been edited by accetera: Jun 30 2016, 11:10 AM

So boss, this will come 1st? 1k psf kah?

Icic, somehow i still most favor their jalan yks project. Just too bad gt postponed.

park first...waiting info about it

Expression?

Ceylon is much more happening and convenient

not expressionz, expressionz is in tun razak.

Should be impressionz if refer to accetera's thread.

https://forum.lowyat.net/topic/3728712/all

that is jalan yap kwan seng, this is bukit Ceylon, opposite suasana Ceylon

1600 psf before rebate, expect high rebate, fully furnish but with NO PARKING.
Info is 80% confirmed.

wow, if after rebate only rm 1300 psf still only can consider which is similar to 20% rebate.

Freehold or leasehold ?

expected to be launch aroud mid of October...stay tuned

She says the group also plans to launch two projects in 1Q2017 — an office tower called Ceylon Suites and a mixed-use development on Jalan Klang Lama.

Ceylon Suites, which will comprise small office units, will occupy about one acre in Bukit Ceylon. “We did a survey and learnt that people who work in downtown Kuala Lumpur would like to have a space for them to hold brainstorming sessions with their business partners after work,” says Siew. “We are offering small offices, like about 500 sq ft, with facilities such as a business lounge, meeting hub and conference hall.”

The Jalan Klang Lama mixed-use development will sit on an eight-acre parcel near a Public Bank branch. This project, Siew says, will comprise an office tower, art college, retail space, serviced apartments and small office/home office units.

“Currently, the land is occupied by squatters and old factories,” she says. “The project is at the planning stage and we are still in talks with the art college.”

This article first appeared in City & Country, a pullout of The Edge Malaysia Weekly, on Aug 29, 2016.

This post has been edited by j0hn____: Sep 4 2016, 09:42 AM

This one should be launching before year end.

Is it? They open for registration now?

Yes... at website that bears the name of this project.

Total 442 units. 4 levels of facilities.

wondering if GRR will be offered?

from what I gathered so far, no

brace yourselves, soft launch 15th Oct next month

price from 2000 psf fully furnish

I don't think it's this high boss

U like GRR project? That will be another project by exism in tun razak

After discount should be 1.1k or 1.2k psf.

.

This post has been edited by vibey: Oct 1 2016, 11:09 PM

Expressionz

According to sales agent, 5-8% of down-payment only (max loan margin 85%)

Price around RM1.2kpsf

Pavilion Ceylon Hill is ahead Exsim and ready to take booking.

I heard 1400+ psf

Price is from about 1450psf on the average, 90% confirm. Absolute price from 5xxk onwards due to small size. Possibly one of the lowest price u can ever get in Bukit Ceylon

Ready to collect booking too. Special soft launch on tentatively on 22nd Oct. 90% confirm.

If interested pls pm for more info and updates. Thanks

This post has been edited by vibey: Oct 6 2016, 01:53 PM

Any special discount for existing Exsim buyer?

You wait for the invitation by Exsim, Existing buyer normally got privilege to get the unit with extra rebate.

This post has been edited by limwc78: Oct 6 2016, 01:57 PM

Yes if you get from developer or get from agent on the special soft launch it is exactly the same discount/rebates/incentive

Even for existing buyer who get from us, its the same. And to answer your question, yes existing Exsim buyers definitely have extra benefits compared to 1st time buyers


Developer sals staff will tell you all about the features of their own projects

We give us our personal insights about project and Bukit Ceylon and Even BB/Pudu Belt going forward, comparing with other projects in the vicinity as well.

We market many other projects including some others in Klcc vicinity aside from Ceylonz and we are also investors ourselves

This post has been edited by vibey: Oct 10 2016, 12:51 AM

.

This post has been edited by vibey: Oct 6 2016, 02:05 PM

Just back from the private preview.

the brief information is as below.

Unit size: 380 sf, 570 sf (dual key)
Price after rebate: from RM 1,450 psf.
Possible rebate: 12-13 % max.

The targeted market is for for Airbnb business.

The only advantage is low upfront and for those LTV70%.
I don't have the idea about having such a small unit in the middle of KL, whether there is a secondary demand for it.

yup your info is mostly correct

Some things are still pending finalization before private preview on 22nd and 23rd.. fingers crossed they wont change dates again

I'll add on and refine your info:

Unit size: 384sf, 411sf and 578 sf (dual key) Possibly the first dual key at this size!
Commercial Title non HDA hence can borrow at 85% for those LTV70%.
downpayment pay about 3% - 4%
nett price from 570k onwards

Above info is 90% accurate. Full details will likely be available about a week before 22nd. It would be best if u can attend private preview on those 2 days to understand the whole project inside out with full info provided.

This post has been edited by vibey: Oct 10 2016, 01:25 AM

Vibey,
I assume you are one of the agent.

At RM 1,450 psf post rebate price, it is abit steep compared to property in the same area.
Suasana and Verticas is only selling at RM 1k psf. Yeah there are bigger units and possible partial furnish, but the price of Ceylonz cannot be 50% more than the completed units. We are not talking about the real SPA price of Ceylonz which is > RM 1.6k psf before rebate. Whoa...

Also for 384 sf, is it easy to sell in secondary market? any agent can testify that?

384 sqf

That's slightly bigger than smallest studio in centrestage which is super small

The whole sale/marketing team has came downtown went through thoroughly researched & surveyed. Not too sure what they've done. I am seeing the sizing came out something like Maytower.

even though I worked in KL, my definition of prime is KLCC area. for any other area, I cannot gauge its potential nor justify its asking price. Just like Ampang where it is supposed to be prime, but look at the psf is hovering around 1-1.1k psf. Even Bangsar South which is relatively new area is selling at that price now. hence, Jalan Ampang is relatively low psf considering how close it is from KLCC, and the number of Embassies around it.

So for that reason, for Ceylon area to ask for >1.5kpsf (after rebate mind u) for this project, I don't know if it is justifiable.

Anyone know this Ceylon area well? Really that prime? Monoland Skysuite is selling even lower than that and its 100m from KLCC.

That's why my concern is, this project boleh kar?

I believe the developer is positioning the product about the absolute price (the affordability) and easy entry. Nothing to do with benchmarking with surrounding Ceylon.

For RM570K and studio... the unit expected to be rented out around RM2.5-3k for breakeven point.

3k rental for 384 sf is little hard to absorb by market, especially in this area. unless this is really posh development, which Exsim is not yet know for.

You have your answer then...

Then again it is appealing for a group of buyers that want to invest somewhere in kl city, low dp and affordable pricing. You can get summer suites for lower price than ceylonz but the transaction cost is easily rm100k which is 4X more.


Have u explore sky suites?

This post has been edited by gks: Oct 10 2016, 11:01 AM

there's a long chat in lowyat for Sky Suite which I have notgone thru yet.

Yes, more of a pride of owning a piece of KL and easy entry. I knew sky suites project, but didn't know if it is still available and more over, I think that is bound by LTV 70%, which Ceylonz is not.

Yes I do not disagree with you. As you mention yourself, the high psf is due its small sizes and if you factor the full furnishing it could be 1300psf (just an estimation).

Ceylonz Suites is hospitality concept. Not really meant for conventional tenancy. Exsim is known for building beautiful facilities,which I believe Exsim will up the ante this particular project since the target market are vacationers and business travellers.

This post has been edited by vibey: Oct 10 2016, 01:40 PM

You would really want to use this for short term rental and have it managed by a good agency to achieve +cash flow

10 years from now, I'm not sure if KLCC will still be as prime as today. KLCC will always be an icon. However, please keep in mind upcoming developments like BBCC, PNBKL118, TRX and Bandar Malaysia. I believe the center of gravity will at least be partially shifted to these areas, basically moving towards the south. Many experts including our map king HO CHING SOON have predicted this. Bukit Ceylon is near BBCC and KL118.

Also, A lot Mat Salleh really like Changkat Bukit Bintang and Alot, Ceylonz Suites in particular is near to Petaling street, another of their favourite spots.. Some of the mat salleh vacationers that stay in service residence in KLCC area but keep going to Changkat area again and they use uber to go there from klcc. I know this because I used to be involved in airbnb in klccc area

just my 2 cents. Cheers

This post has been edited by vibey: Oct 10 2016, 01:54 PM

one bedroom in face platinum suites kl is renting out slightly tiga k. Sorry huh if I shattering your confidence level a bit to ceylonz...the nearest to this site is Susana and one bedder is renting out below tiga k for 7++ sqft. I can't wait to see how exsim positioning and marketing ceylonzzz.

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