+1
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1. Limited upsides at 1300psf, leasehold in many other freehold options area. Don't take new project pricing As benchmark, take transacted price of similar products in the same area to compare. Developer can sell At any price.
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2. Long term rental doesn't Even seen to be near breakeven
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3. Fully furnished units - generally we don't have good experience on rentals all the fully furnished or 80% furnishing development ourselves. Real experience.
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4. Limited target market. Lesser Alternative plan. Rental benchmark shouldn't be compared to short term rental rate to identify a good prop. Should be buying something which is more versatile. Student / middle working class local, expat and can do long term rental to cover installments with Airbnb/homestay/short stay as added bonus. If long term tenancy doesn't work, u have other alternative plan B, C, D to fall back. But if u leverage on Airbnb and the project RM250/day and occupancy rate, the fallback plan is too limited.
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There are safer yet higher potential capital gains out there.. why Ceylonz?

1. Entry price - how much u enter? Is it fair market price or above market price?
2. Sustainability - how much you could rent?
3. Exit plan - how much upsides? 2 separate units (not necessary Ceylon) at lower absolute price can sell easier. So it’s good To identify why your buyer buy a dual key, higher price unit from u later

Mykey have any good track record in running this?
How sustainable is mykey model? Is their projection realistic or overpromised? Is it just created to “convince” people on ceylonz price? Is there no other better options elsewhere, we definitely think 🤔 there are much safer buys. One eg Proper Bukit Bintang freehold as we bought n still buying property walkable to Pavilion at below 800psf. Does ceylonz entry makes investment sense, do consider the risk & your reward properly.

This post has been edited by propertybuddy: Nov 6 2017, 10:40 PM