I just Received News that a 4 Stars hotel is coming to Sri Hartamas, Location is near to Sri Hartamas Shopping, i was informed that the suits will be available for sales that will provide potentially Good return for investment.

Anyone hear of anything?. I'm planning to check out the place tonight... can meet me for yum cha as well.

Hi where isit located?

I guess that it will be on Grr. cause it say hotel suites.

any idea which part of Sri Hartamas, in fact I have tried to look surrounding but didnt see any development going on. Looking for investment in MK area, but the price seems high for me. Probably Sri Hartamas is another option for me.

Aiya..this one Mayland proj..relaunch and opposite hartamas shopping center la.

Hermitage sumthin...??

ml is known to sell at future price.

Pls share who's not???

Tqtq

Hermitage no more already...
Replaced w this hotel suites..

But i thought court case is going on between hermitage buyers and mayland?

No la...they refunded money to buyers ady i thought. Court case is subang dorsett le...this one i heard will be called dorsett hartamas.

ML tookover some developer or ML launched its own project?

Grr aka gg.

I think I know where jor...
Have to see how much is the price first lo. If they come with hotel suite service, then could be easier to rent out lo. (anyway, now I am still looking around first)
if any Hermitage or Dorsett (coz i dont know the name) sales staff or agent saw this pls pm me for details. thanks.

they offer GRR only???

ohhhh... really?! that building? i guess it almost 90% done construction... ok ma...can see actual unit, no need worry

Hermitage undr Mayland.

I heard the developer is putting in Dorsett Hotel into the building. if dorsett is running the show.. then i think it worth to take a look.
Dorsett hotel business is quite good....i wonder how much the return will be if dorsett is managing it .

woohoo...i just being invited for private preview yesterday night. fully furnished unit, come with 1 car park, the price is affordable. I am considering to book 2 for investment purpose. since the dorsett name is confirmed.

What is the price?

1000psf?

Plaza Damas 3 started with a GRR hotel concept. Didn't work out well. Uncertain if this will fair much better.

Worth to invest?

Just booked a studio unit 560 sqft today.

hello , which floor you booked?

Second floor. How about you?

im selling not buying. hahaha
just want to know where you see the ad? fb ?

Can PM me the reason for selling plz? Saw the ad here lo... hehe

all layout given 1 carpark...

I am interested with this project. So far still available for sale?

If you can't find a SA, I can intro you mine.

pm...

Mayland......

anyone booked this project? any update /

is the hotel suites a nice for investment? how if want to sell out in future? any idea?

whats the pricing like?

Nett price is around 900psft. But premium is quite high facing kl. Anyone interested can pm, i can fwd u my agents.

Have they launched the upper floor units ? Last.I checked was up to 9th floor only

yea i have no idea why so weird, the lady told me they are not able to sell any unit now, i understand maybe not open yet, but even low floor they only allow agents to sell...so if we interested need to give dp and they arrange deal with agents?

Yeap! Still available for sale. You may contact one of their sales staff.

Mok 012-3226 870
Peggy 016-9791 421
Sonia 016-322 0542

Their 4 star hotel suites arent for sale. Manage by Dorsett its own. We only can invest / purchase their Service Apartment units.

You may walk in to Dorsett Hartamas showroom. Mayland sales staff will assist. One of their sales staff serve me, i get to know the prices...

care to share what is the package ? rebate & empty unit or semi/fully furnish ?

Do you have any idea what is the price for their Service Apartment?

1300psf fully furnished i think

are u one of the staff ? lol..all your post only in Mayland thread.

received text that there is another Dorsett in 'bukit bintang', very near TRX........

not sure if its mayland or not......

yes , mayland too

Fully-furnish, 20% discount.
Facing hartamas nett around RM1,000psf. Size 550-600sf
Facing MK/KL nett around RM1,200-1,300psf. Size 600-700sf
Per floor 30+ units, 8 lifts including service lift

they're giving high rebates... is FULLY furnished. Just bring your clothes & buy kitchen utensils then can move in dy. You should go to their showroom have a look.

hahaha... i wish i can be one of their staff. probably can have more discount leh...

showroom on site or their 8trium office?

on site , i everyday at showroom, when you want to come?

wow... got floor plan to share?

interested to know more. please share if have details.

No more update..?

Bought a unit of 689sf in mid floor... Want buy another unit of 560sf for investment but my SA say no more...

Any loan reject ?

Resale will be an issue next time??

what issue will have?

1. Damas 3 also fully furnish, both cap gain n rental doesn't do well why still consider Hermitage at higher psf and still FF. How much do u think u can make and how much you can sell for small units?
.
2. Jz simple calculation Damas 3 rents at 1,800
You buying hermitage around 600k? 3k/month installment. Negative cashflow 1,200/month or 24k a year.
.
3. Based on our own experience, we don't do well in FF development. All looks the same. Some one throw price, u suffer, everyone else oso suffer.
.
4. Subsales transaction of Damas 3 is doing around 820-850psf. If you buy 1300psf, u buying at 50% premium. How much more it could grow?
.
5. Moreover at this absolute price or psf price, there are better & Safer buys with <500k 500psf, less than 500m walkability to MRT, potential breakeven rental. Question is why hermitage then...with limited upsides n -ve cash flow

This post has been edited by propertybuddy: Sep 15 2017, 02:51 AM

1. This is not the same concept with Damas 3 , this is Luxury Fully Furnished with Hotel mgmt . Targeting young professional , Couple ,or foreigner

2. Minimum rental will be from RM 2.4k small unit , from 2.8k to 3k+ medium size unit.

3. this project only 1 block , compare with now many new launch that 1.5k , 2.5k , 3.5k ,even 6k high density project , this hartamas will more better.

4. maybe you dont know actually earlybird sale is only RM 8xx psf for this project , many buyer buy at this price , do not take this compare with other area , this area new project and mont kiara all start from 800 - 1300 psf.

5. as i say , mont kiara , hartamas area , no need to take to compare with other area. not the same concept with normal condo , not targeting the ppl who like normal 3 room condo. just like Proton vs BMW , not same customer type

How u project the rental will be 2.4k minimum?

800psf, what's the absolute price? 500k? So installment plus maintenance 2.5-2.7k/month?

What I meant was the upsides n rental potentials..
Good location (Mont kiara, hartamas, bangsar, klcc) doesn't mean at any price or rental oso still makes sense

actually this is really good location , walking distance 2 mins to shopping mall, you can dinning or buy anything in mall.
this project have provide room food service , cleaner service to the unit. and have 2 restaurant in this building.
and the roof top facilities with palace and KLCC view is nice too.
many professional , business man , couple will like this concept. this is not normal project that like 500psf bare unit and 3 bedroom.

complete soon, let see the rental price next year

Let's compare similar or better products in the same / neighbouring vicinity

i) The Signatures Desa Sri Hartamas
+ lesser unit in the development and the only development in that area
+ better quality than the infamous ML products with piping, leaking issues
+ fully furnished development
+ with hotel
+ better mall and tenant mix
+ better walkability to Mall and plenty F&Bs outlets, laundry, banks, offices
+ Small units rental doing 2,200 to 2,500 about breakeven rental. and due to fully furnished units, the rental competition is high too. it's lucky if u get a long term tenancy at 2.5k/month
.
ii) Verve Suites Mont Kiara
+ branding & better developer
+ 8xx units in total of 4 blocks
+ fully furnished development
+ decent F&B outlets & Jaya Grocer
+ transacted price around 13xx psf ~600k
+ rental 2.5k to 3k
.
iii) Plaza Damas 3
+ same developer having all the same accessibility and amenities as its just next door to Hermitage
+ rental 1.8k. rental demand is relatively low.
+ transacted price 800psf
+ so-so retail tenant mix and crowd in hartamas shopping centre
(did not take in the relatively older development like Mayfair, Dorchester, Windsor, Waldorf for comparisons though)
.
iv) Solaris Dutamas @ Publika
+ better developer
+ better mall, retail and offices
+ way better crowd than hartamas shopping centre
+ high occupancy rate
+ smallest unit 687sf transacted 635k (937psf)
.
v) i-Zen Mont Kiara
+ right next to 1MK mall
+ good walkability to mall, offices, F&B outlets
+ located Jalan Kiara 1
+ 807sf unit transacted price 600k (743psf)
.
would Hermitage be a more superior product that could command higher selling and rental price compared to the above?

This post has been edited by propertybuddy: Sep 16 2017, 01:42 AM

i have verve suite owner , plaza damas 3 owner , solaris dutamas owner also buy in this project , this property not suitable for you , does not mean not suitable for them . the buyer there are not stupid .
everyone have there own opinion for buying property that they like

If thats the case, AK projects are "good" investment props, always sold out in few hours of launch.

Its not accurate measured just by buyers or the "sold out" rate.

looks like a good buy, hear say like a good buy, feel like a good buy, are just merely opinion unless they are validated by facts (statistics/data). Otherwise There aren't sufficient and wise to conclude a good & safe investment purchase

I am pointing out how other similar or better props fare against Hermitage in terms of capital upsides n rental based on true transactions of sale & rental, developer track record, mall performance, retail tenant mix n performance, retail/offices occupancy rates and sustainability (crowd).

This post has been edited by propertybuddy: Sep 16 2017, 04:33 AM

The benchmark should be new launch / recently-completed / to be completed projects within MK-Dutamas-Hartamas-DH vicinity:

1. DC Residency (DH)
~1500psf FH

2. Solaris Parq (Dutamas)
~1100psf FH

3. Arte MK (Duta/KL Met)
~1000psf LH

4. Met1 (KL Met)
>1000psf LH

5. The Signature (Desa SH)
~1250psf FH

6. Pavillion Hilltop,Sefina,Agile..(MK)
~1000psf + large built-up/high entry

This post has been edited by asiabrickfields: Oct 3 2017, 08:41 PM

still got place at Mont Kiara?
so packed & jam

1. D.C. Overpriced. Doesn't mean Hermitage is not expensive. And it has Office towers, Malls, MRT. Not a fair comparison.
2. Parq 1100psf onwards la..UEM sunrise proven track record of retails n mall in Publika. Not fair direct compare what Mayland can do with UEM Sunrise. We don't mean Parq is a good buy.
3. Arte is pricey. Any way, metropolis have MRT and major development. Not fair comparison..
4. MET is pricey. Any way, metropolis have MRT and major development. Not fair comparison..
5. Signature is fair comparison. But this is half total units, much better accessibility n convenience than Hermitage. And if Signature got MRT 3 station (proposed), then it's not a fair comparison to Hermitage d.
6. Pavilion - buying brand name. What to do. Furthermore, Pavilion vs Mayland - not fair comparison.

All in all We still don't think Hermitage a good buy, except u like it's design, use it for own stay.

This post has been edited by propertybuddy: Sep 23 2017, 01:51 AM

I agree, but yet still every owner have their desire of their own thinking for rights and wrong.
So we can't say sold out rate. Cause sold out rate might low/mid range fast sold out, so it's also different product.
As during Arte MK open for sale, people are giving comments about the mosque too near and noisy ... but yet many people purchase PARQ WHY? Because owner has own perception way of thinking.

I like what comments you given, a very fair point of overview in everything.
Niche , Unique , Attraction & Demand

any other buyers here keen to start a mini chat group among ourselves for information sharing purpose only

Yes why not. Could be interesting

arte and Signature are SOFO.

Sure.

HAHA, can be said like some ppl are 犯贱 one, when they saw something x like, they will keep said the cons, but when something they like, although the mosque is beside their house, they can say take it as daily morning call

Mosque is nothing if compare to HTC, 24hr highway, facing condo next door

Signature is residential

signature at sri hartamas?

yea, agreed

Zero down somemore

Yes. Opposite plaza Mont kiara

as far as I know, you cant turn a HDA SPA resi accommodation into a hotel.

ya. that's why it's residential. My unit is 90% MOF and it's under Schedule H. so 100% is a residential

Anyone going to this Event , Dato joey yap is giving talk. gonna go there to ask joey yap s the dorsett residence Feng sui good or not.
hahaha.. lets go to find out more.


Attached thumbnail(s)

did anyone manage to go? care to share

what you wanna know?

oh you went? just curious whats his advice/take on those unit facing the back direction (Menara hartamas flat there)
whether good feng shui

Passed by the development few days ago, they are working on the hotel lobby quite extensively.

I passed by Plaza Damas 3 and noticed Dorsett (brown buildings). Is it a worth buying for investment?

Is it by the same developer of Kiara 163? Is it a grade A project?

Still got undervalue unit for sale?

the short answer: No..

no. by Mayland

no. not worth

May i noe why itz nt a gud buy for investment yea?

What I like of the development?
Premium Rooftop facilities
Magnificent view

What I don't like of the development
U can't rent at even 80% covering your installment
U can't make much (U buy above market price)
There r better optiond (safer options & better cap upsides)
Fully furnished (stiff competition, no differentiation)
No new catalyst
Similar supplies selling lower price n better proposition

Dont realy like this as like what Propertybuddy said. Dev not my choice as well

Isnt the developer same as sfera residence? Is there any articular reason why u dont like the developer?

Btw, we not saying they r good developer. I m just pointing out that they are good in giving premium facilities..
They r not YNH la.. this is Mayland. Pls have 3 expectation when u buy with them, lousy workmanship, delay completion, drag / not paying LAD.
.
It's more to the pricing than developer name. If they sell at the right price, then their product is investable. After all u r looking for investment that makes money.

This post has been edited by propertybuddy: Apr 25 2018, 02:48 PM

Hazwan bro, read nicely la. Dont simply blatant
This is not OOAK bro

I am a purchaser of this development. Phase 1 VP is expected to be October 2018. Any Dorsett Hartamas purchaser wanna form a WhatsApp group?

We can assist each other and work together so that our rental rate is decent. I heard 4xxsf units can ask around RM2400. 560sf (1+1 bedroom) can ask around RM2700.

Pls PM me if interested.