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

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limwc78
post Jan 19 2016, 02:00 PM

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QUOTE(Asali @ Jan 19 2016, 04:55 AM)
I think is overpriced. What do you think?
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Bukit Ceylon leh, definitely not less than rm 1500 psf.
limwc78
post Jan 19 2016, 02:17 PM

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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.
limwc78
post Jun 28 2016, 10:23 AM

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Woohoo will be launch very soon.
limwc78
post Jun 30 2016, 10:54 AM

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QUOTE(ChuiChuiShui @ Jun 30 2016, 09:52 AM)
I thought OKR project come 1st?
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I heard this come first.
limwc78
post Jun 30 2016, 11:02 AM

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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.
limwc78
post Jun 30 2016, 02:05 PM

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QUOTE(catfish9 @ Jun 30 2016, 01:09 PM)
Expression?

Ceylon is much more happening and convenient
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not expressionz, expressionz is in tun razak.
limwc78
post Jun 30 2016, 04:40 PM

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QUOTE(ChuiChuiShui @ Jun 30 2016, 04:37 PM)
Should be impressionz if refer to accetera's thread.

https://forum.lowyat.net/topic/3728712/all
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that is jalan yap kwan seng, this is bukit Ceylon, opposite suasana Ceylon
limwc78
post Jul 2 2016, 03:09 PM

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QUOTE(surf-it @ Jul 1 2016, 11:55 PM)
1600 psf before rebate, expect high rebate, fully furnish but with NO PARKING.
Info is 80% confirmed.
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wow, if after rebate only rm 1300 psf still only can consider which is similar to 20% rebate.
limwc78
post Oct 6 2016, 01:56 PM

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QUOTE(OperaGhost @ Oct 6 2016, 01:54 PM)
Any special discount for existing Exsim buyer?
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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
limwc78
post Oct 10 2016, 02:54 PM

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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.

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
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.
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.
limwc78
post Oct 18 2016, 03:49 PM

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QUOTE(javelin123 @ Oct 18 2016, 03:24 PM)
I thought the air bnb commission Is only 3 percent?

correct me if I am wrong.
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correct only 3% for host. the airbnb will charge guest higher services fees 6% above. So as a host not so bad.
limwc78
post Oct 18 2016, 03:53 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.
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as a host airbnb only charge 3%. Electricity you have to educate the guest, make a reminder in the room. Of course not every one will take care, but there is a lot educate guest. Help to promote your host review is important. So service must be provided. To do airbnb toilet paper, shampoo for head and body, towel , clean room must be provided. Towel just prepare few more, ex 7 days nights stay for 2 adults may be prepare 4 towels. They will not request to change it daily , they are understand.

This post has been edited by limwc78: Oct 18 2016, 03:55 PM
limwc78
post Oct 18 2016, 04:06 PM

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QUOTE(Lowtan @ Oct 18 2016, 03:55 PM)
that is if you manage yourself. but how many of us can do that.
if you let some pro to manage for u like airporter which IQI brought to promote the airbnb business then you have to pay them 10-15% like what they say.
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ok understood.
limwc78
post Oct 18 2016, 06:01 PM

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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?
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The target will be working expat, normally working around there.
limwc78
post Oct 20 2016, 06:22 PM

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QUOTE(OperaGhost @ Oct 20 2016, 05:41 PM)
Next to Muzium TM n opposite the church right?
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Next to Wisma Budiman and opposite the church.
limwc78
post Oct 21 2016, 09:17 AM

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QUOTE(OperaGhost @ Oct 20 2016, 06:39 PM)
Thanks. Any idea what will happen to the abandon heritage row next to it?
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there do not have heritage row. you mention that heritage row is at the main road of jalan raja chulan.
limwc78
post Oct 21 2016, 10:25 AM

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Attached Image

Who need to VIP booking on this 22 and 23 October PM me.

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