Atrium is probably about 60% occupied...........and so far getting tenants for my SOHUs has never been an issue........ weird thing is that off late been spotting Koreans n the French moving into Axis..........

weird thing for me is that i saw lots of bangladesh foreigner, african, middle east ppl moving into axis, honestly, this axis design looks like a flat design, in pandan area, the only good thing is looks talk enough, i dont think the price can be sustain in future...

oh sit .. no wonder Crown listing is getting long in iproperty this month

yes i saw the same too, in fact, the axis shopping mall full with those bangladesh,indonesian workers, belive they come from the low cost flats nearby, most axis purchaser are fliiper, try to get rid of the units upon completion, not dare to hold for long term...

hmm.......saw Bangladesh workers but not sure if they r staying there though....can they afford it given that there r plenty cheaper options in the vicinity................never seen african before despit almost every weekend there but pretty sure some of them will be able to afford it..........

.....and yes Axis is fast becoming a middle-east hotspot........quite a number of them has moved in......believe the main pull for them is mall downstairs n LRT next door plus reasonable sized units at decent rents of 2k below..........despite the FUGLY looking building n messed up workmanship......

but so far all my 3 tenants have been local chaps though...........

Pai koh, mind to share what is the size of the sohu of yours that you rented out at 2k monthly? As I checked online, the fully furnished ones are advertised for rent at 1.8k or less for sohu (size 561 or 600 sqft). Thanks in advance.

hehe, i saw the same too, those soho unit fully furnish rent below 2k in i property...bu i think Pai gor is very outstanding la, he can rent higher than usual....

Hi Steven,

I've extended my loft unit, so the new total built up now is close to 750sqf. To top that, changed the fugly tiles they use to wooden flooring, with 8 feet built in wardrobe, and did some basic L-box as well.

In order to collect premium rents.......one has to offer a strong USP for their unit VS the current offerings. I know 2k is pushing it but given the rather blant existing offering, Im sure I'll be able to catch the right tenant, soon

p/s : recently a valuer came in who viewed my unit n tentatively confirmed that I should be able to get 10% more in valuations ( close to 240k) thanks to the extension.....

Pai,

A good lesson learnt. Thanks again.

A couple of questions here:
1. What is the initial size when you bought the loft units?
2. How did you extend the unit? Is there any procedure to follow to do so?

Mereka sedang tanggal baju Axis Crown

Guys, just like to share that a f/f renovated SOHU unit today got locked for 2k p/m today ....... for 3 years rental somemore

The agent that closed this deal is named Halima from CBD props...... she's pretty good having dealt with her in few occasions. Highly recommended and you can reach her at 012-3792584. So far she takes no less than 2 weeks to rent out my props

I love this game

what was the original developer price for those SOHO Duplex?

Kudos Boss, you have just raised the bar again! 3 years lock in is awesome!

Free makan coming!!! Cheif Pai, bila nak belanja makan? Boss Noed, when are u going to rent out your unit? Waiting for back2back makan.

This post has been edited by Joink: Mar 16 2011, 12:27 PM

I know mate, even I couldnt believe my luck

Somemore some agent mentioned since my unit was quite nicely done, I should aim higher than 2k. Anyhow, 1 bird in hand is better than 2 in the bushes.

Btw, this Halima agent needs more SOHU units for rent, she got waiting list of tenants.

p/s : Makan on me next time we meet

chief, boleh belanja me the small fry for makan kah?
cincai makan will do lah. just some soon hock fish, abalone, shark's fin will do lah. no need to make a big fuss out of it.
to celebrate your success and let me learn more from you mah.

Steven,

1. All were diff in sizes......ranging from 5++sqf to 6++sqf........

2. This is a trade secret, as dont want to have 100 similar units in Axis to compete with me later for tenants. Hope u understand

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Added on March 16, 2011, 4:16 pmwah I need to teach n belanja u sumore? Isnt it the other way around?

This post has been edited by Pai: Mar 16 2011, 04:16 PM

Pai, mind share how many units u have at axis? Also how Much u went in at?

Got 3 bijik SOHUs. I went early 2010 in SOHU, in fact I let go my 2 units in Empire Damansara as I think Axis has better prospects. Average entry price for SOHU was less than 170k each...........

Also to diversify a bit.......whacked a 739sqf Axis Residence as well for less than 240k.........

Fu-Yoh! good job, brother!