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

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kochin
post Oct 12 2016, 09:10 AM

I just hope I do!
********
All Stars
10,319 posts

Joined: Dec 2009
From: Malaysia


QUOTE(vibey @ Oct 12 2016, 12:25 AM)
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  icon_rolleyes.gif  pm me if interested to rvsp.
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so late?
thought the absolute earliest batch is this weekend?
kochin
post Oct 17 2016, 10:02 PM

I just hope I do!
********
All Stars
10,319 posts

Joined: Dec 2009
From: Malaysia


77 cents psf? Seriously?
But below 500 k for cheapest unit is tempting.
kochin
post Oct 18 2016, 02:18 PM

I just hope I do!
********
All Stars
10,319 posts

Joined: Dec 2009
From: Malaysia


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.

kochin
post Oct 18 2016, 03:04 PM

I just hope I do!
********
All Stars
10,319 posts

Joined: Dec 2009
From: Malaysia


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

kochin
post Oct 18 2016, 03:28 PM

I just hope I do!
********
All Stars
10,319 posts

Joined: Dec 2009
From: Malaysia


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...
kochin
post Oct 19 2016, 08:33 AM

I just hope I do!
********
All Stars
10,319 posts

Joined: Dec 2009
From: Malaysia


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.
*
QUOTE(kochin @ Oct 18 2016, 03:04 PM)
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
*
QUOTE(accetera @ Oct 18 2016, 05:48 PM)
If let's say owner is not doing AirBnB and just rely on normal rental market, can anyone tell me who will be target tenant? Will they be short, mid or long term tenant?
*
too small for long term i guess.

QUOTE(gks @ Oct 18 2016, 06:00 PM)
Btw this is SOVO and SOFO rite... ie similar to summer suites? How come all the discussion usage is about airbnb and overnight stay?

And to my surprise... nobody seems to mind about it....
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QUOTE(mybenz @ Oct 18 2016, 09:07 PM)
Hello this is office leh.. I am quite surprised not even one asked this can be used to sleep over night or not lol 😂😂😂.  Previous projects like summer suites, aurora sovo and revo Bukit Jalil been a long debate about it...
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bolded caption


unless dbkl or authorities changes the rules, hybrids are still ah kuas as propcafe previously explained. guess it requires an acquired taste to appreciate them. kekeke.

i am very clear, i like women. haha.

 

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