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Investment TRION KUALA LUMPUR, JALAN SUNGAI BESI, Triple Towers: The Dazzling Urban Centre

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Cavatzu
post Jan 2 2024, 05:31 AM

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QUOTE(Aldo-Kirosu @ Dec 3 2023, 11:40 PM)
yeah for ownstay wise ready not recommend cemetery view. This is consider at side view, some project will be direct in front view (those at jalan sultan ismail near to solomon door klcc view.

not only that, some of the project is beside cemetery, and some at need to pass through cemetery to reach home.
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Ultimately depends how much cheaper these view units were. If you paid 700 psf then there’s much better choices for the price. I’d expect a 20-30% discount for this kind of stigmatised view.

The cemetery view will always be seen as a con and if there is any capital appreciation it will always be minimal or lag behind. Only game is rental game and u have to be cheaper than everyone else.
Cavatzu
post Mar 8 2024, 02:36 PM

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QUOTE(DragonReine @ Mar 8 2024, 10:51 AM)
VP last July, after just 8 months already steep increase in maintenance fees.

user posted image
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Energy efficiency is going to be a big feature going forward. This is one thing in favour of newer projects.
Cavatzu
post Mar 8 2024, 04:40 PM

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QUOTE(PAChamp @ Mar 8 2024, 03:22 PM)
Per Share Unit i believe.

All condos will be facing this. Not just new ones. However, the new ones will suffer more because when developer wants to sell, they will press down the service charges even before factoring in the inflation happening now. Once VP, developer not under much pressure to sell, so allow maintenance to go up to market rate.

My condo has done many things to raise revenue and cut costs thus able to keep maintenance low. Firstly cut off the management company and migrate all billing, accounting and database to the management office. Then implement energy saving ie. replace flourescent tube with energy savings and LEDs. Rent out advertising spaces in lifts billboards etc. Rent out some visitor car parks and common areas. Charge for some facilities. But you will need a dedicated team of owners to come into the committee to handle it.
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Usually quite a bit of capital works to implement these new changes. And once again shared by lesser units generally with the older developments.

QUOTE(DragonReine @ Mar 8 2024, 03:32 PM)
Energy efficiency implementation is still rather limited for most high rise unless somehow can implement solar panels. A lot of the fancy little facilities and the high density favoured by commercial titled high rise cannot be included if want to be truly energy efficient.

Most Malaysian high rise on commercial title land moving forward will be facing the steep increase in cost for electricity costs.
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Yea the commercial under HDA spec is used so widely that these price increases going forward may become a real issue. It might put preferential status back onto residential titled units. The differences may have been negligible before but maybe not now.

QUOTE(Najibaik @ Mar 8 2024, 04:14 PM)
many new launch serviced apartment will have solar panels at rooftop to somehow use natural sunlight to generate electricity to cover part of the cost
so far i see Trion & Trion 2 both also increase their maintenance fees by quite a lot very soon after vp

for trion 2 they even increased it from 44sen to 60sen before gotten key
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That’s around 30% increase. Very big chunk of change for what still looks like a very average investment property. Everyone just needs to bleed once a month like half the population.

This post has been edited by Cavatzu: Mar 8 2024, 04:41 PM
Cavatzu
post Mar 8 2024, 06:53 PM

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QUOTE(DragonReine @ Mar 8 2024, 06:02 PM)
Sinking Fund works the same, 10% of the maintenance fees.

Instead of using purely square feet, SiFU (share unit formula) calculates from square meters of the unit+accessory parcels, and there is a different level of weight assigned per square meter depending on the total size of unit, type of property, type of unit, type of accessory parcel, and location of accessory parcel.

Image below is a sample of how it's calculated:

user posted image

The SiFU came about because the argument is that owners of big size units and/or units with more accessory parcels are disproportionately both paying much higher amount of maintenance fees overall and also have more "weight" behind their votes in AGM, while smaller units pay significantly less even though maybe a development has many more of the smaller units so theoretically the small units will "use" more facilities.
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And this is why when your unit starts to approach super large size, it almost makes more financial sense to just get landed. A 3000 sqft unit with 60 sen maintenance would make most people balk even if they have money.

This post has been edited by Cavatzu: Mar 9 2024, 05:09 AM
Cavatzu
post Apr 4 2024, 06:34 AM

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QUOTE(AskarPerang @ Apr 3 2024, 10:32 PM)
Trion 1 or 2?
*translation : someone suicide from condo and make the pool become red, yesterday . in kl chan sow lin condo..

https://www.chinapress.com.my/?p=3870722
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Gross. So sad. Dunno if this will kill the Airbnb business.

 

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