Anyone heard about this project?
http://unisuites.com.my/

What is your thought?

U WANT to invest or own stay?

should be for investment coz that area is mainly build for students i think...

1 bedroom - 135sq
2 bedrooms - 269sq

I think is kinda small

135sq is like the smallest space i ever seen in malaysia lol. Are we buying room or a house haha

I wanted to invest in this but after viewing the sizes. Oh my, I think I better find somewhere else

but I think for investment and rent to student or maybe use as a store room, but the location and space given.....

this suite is a bit far or a bit distance from Colleges or Uni provided you have bye or car or bicycle also can (sweating)

If I'm the landlord I will provide my student tenant with free bicycle

I will rent Westlake if i am student.
What is the end price for unit here?

This post has been edited by Properlog: Jul 19 2017, 10:42 AM

the size more like "shoebox"...

thats good initiative, what about bye then?

ya, westlake is nearest but you must provide free bicycle to student oh

1 room - 87k ++
2 rooms - 170k ++

The appreciation and rental increment will be slow for property near university.
DO you think able to rent 500 for 1 room here? And the location itself macam quite far. I dunno how are the demand vs supply in Kampar, at least must easily breakeven your installment only worth to go. 200+k stlll able get 1 storey landed in Kampar Putra. Kampar landed near Uni still better to me.

very difficult to sustain as too many apartments development in Kampar.
can consider Supply more than Demand.

+1

agree

But as I know this project is fully furnished and free sourcing tenants, looks like ok.🤔

How much is landed there

GRR package?

Management will help you manage your unit 3 years. Rental fees can cover monthly installment.

not much DD
there is the reasons with the promotion package

is Anyone investing here? i receive a message, its GRR.
just wondering for the size of a 'Shoebox' is it worth investing...

Speaking as a Kamparian myself, I would recommend here, because of student usually now is more on privacy. The location is good compare to others, atleast the nightlife belongs to there

This one my company are marketing for them currently, my personal opinion is if you are new investor you may able to try with this since the entry level is low and developer offering credits now.
Landed is good but not everyone prefer landed still otherwise nobody will buy highrise

I'd like to get an investor's point of view on this project. Any sifus who can help?
I have a sales person who contacted me and painted a pretty picture. Just wanna know if it is worth my quota.

I would not buy eggs that depended only on one basket. And personally always skeptical of investments outside the main cities.

So, the concern is if there’s no more UTAR/TARC students to rent to? True, if the campus suddenly shuts down then you’d be left with a liability. But does that seem like a possibility since it’s their main campus and all?
Outside main cities.. capital appreciation would be super slow. Totally dependent on rental income. But I was thinking, if on the off chance demands goes up and rent increases, wouldn’t that be a positive effect on the resale value? Or does the value still largely depend on the surrounding price PSF?

Kampar is quite and small town, not much activities. mostly students are in and out
can see a lot of properties construction especially new shop lots, which are quite a distance from UTAR or existing amenities.
In term of supply vs demand can say is SS > DD, which values are not much appreciated

If rental demand is strong and consistent, locals, mca and it's members would have bought; still leave chance to wannabe?

This post has been edited by icemanfx: Nov 7 2019, 03:41 PM

I was thinking the same in terms of current supply for students. They’re branding this as exclusive student accommodation. There really isn’t any other purpose with the types of units they are offering actually. But just cause there’s so much supply, wouldn’t it be still comparing apples and oranges? What I mean is, is it right to compare renting a bed in a terrace house vs renting own studio in a complex with facilities for students?
Of course it still depends on how much each student can afford. But if it is well within their means, wouldn’t this accommodation be a better choice compared to what is available at the moment?

That’s true. It’s not that expensive also. With the amount of money that accidentally go into their accounts or ‘donations’ they can easily get one floor each.
So, do you think this will be a flop? Poor occupancy rate, poorly managed then eventually abandoned?

For few years back maybe students are not going to rent it as the location is quite far for cycling, but since nowadays almost majority with car or bike, they will prefer to stay out of the westlake home due to insufficient of carpark i presume...???

in this case, it is really depends on their parents how much they wanna invest on this kind of expenses for their kids.

Don't need the campus to shutdown. So many factors possible: less students than projected, diversification, more and more hostels built, shuttle buses to other areas, etc.

UTAR was meant to be some sort of a “rakyat” uni - serving the common man who can’t afford very expensive private tertiary education. It’s mca owned. At 87k per room what sort of rental returns are you expecting? Can a common man afford to pay rm 400 or 450 for a single room?

Just way too expensive.

And if it was truly viable - the developer would have retained all. Rm 645 per sq ft is plainly outrages

Property agent here (pretty obvious from my name). I am selling this project but I will adhere to the rules and not solicit. I would just like to add my opinion and also learn from you all.
While it is true UTAR is a not-for-profit private institution, it does not discount the fact that it is one of the highest ranking private universities in Malaysia. Thus, it would attract all levels of students (by levels I mean from various financial backgrounds).
So, can a common man afford to pay RM400 for a single room?
UniSuites would only be able to accommodate approx 15% of the current student population (which is still growing). Yes, not every student will be able to afford RM400 per month but I assume maybe 15% would. And for those who want their own room (with bathroom), they currently are paying RM300-RM450 per month. That is not inclusive of WiFi, sporting facilities, gym, study area, etc. all of which a student nowadays would appreciate to have. You can do the math as to how much the above would come up to. So, I would think there is a market for what UniSuites has to offer for the reasonable rent of RM400 per month.
What sort of rental returns to be expected?
Finding a new property which the rent is able to cover the monthly installment is few and far between. Therefore, assuming you are able to get at least a 25 year loan, you'd expect the minimum rent that is collected to cover your monthly installment.
Whether or not it is truly viable remains to be seen. Prospects are based on valuations done by reputable firms with plenty of experience in the field. Even so, as a developer who is in this for the profit, it wouldn't make sense to build with their own money then collect rent. It would take years before they can turn a profit and have all their cash locked in to just one asset. Developers build with your money and look for the next enterprise with the profits they gain.
Lastly, the psf is high.. it is actually from around RM520psf after rebates. Might seem like KL/Selangor city pricing and you would be right to think so. But the minimum rent that will be collected will cover your installment and banks who have agreed to be their End Financier would have taken all factors into consideration, including the price per square foot. So, I would say it is high but not outrageous.

You, sir, seem to know your stuff.
While nothing is guaranteed (even GRR), I would say it is good to weight all factors and see what your appetite and tolerance is like as an investor. While everything said is just speculation (with some backed up by proof, e.g. opening of Hospital Kampar to draw in more students for Faculty of Medicine) the risk for this project is pretty low considering it is a property. From only RM72k for a studio, the potential capital appreciation may be high (considering increments in rent to be collected) and as a long term investment can also be something that will eventually provide a stable passive income.

You, sir, are right on the money regarding who mostly has the final say when it comes to finding accommodation. It is the parents!! Even at University, mommy and daddy can be seen holding the hands of their precious kids, unwilling to let go on their first day away. Parents will want their kids to be safe and comfortable away from home. But also do not want to burn a hole in their pocket providing their offspring with a whole house to themselves. This is where UniSuites comes in. Full security from entrance up to your unit, not having to wander around so much because most everything is within the safe compound and reasonably priced considering all the facilities included.
Don't take my word for it. Ask most parents and see which they would choose given the available options.

If your claim is realistic, EPF, REITS and insurance companies would buy en bloc.

This post has been edited by icemanfx: Nov 8 2019, 12:47 PM

Who is REITS?

REITs is a kind of investment related to property. They buy property and share the profits from rent collected in the form of dividends amongst it's investors. So, it's essentially a form of shares that allows you to buy property without having to fork out the amount for downpayment, etc. There are a few other perks. Kinda combines the convenience of shares and profitability from property investment. Any sifu is welcomed to correct me if I'm wrong.

You're right. They have experts to valuate potential investments and they must have their reasons to not buy into this. Then again one of the above may have bought in but I'm not privileged to such information. My claims are based on as much research as I could do online and on-site. Of course my views are partially biased because of the fact I am selling this project. Then again I tend to select the projects I sell as carefully as possible so as to not disappoint my customers who I aim to have good long term relationships with.

i can said most of the students in TARUC are come from average size of a family household or lower income group NOT from well off family.
Therefore, their parents are usually look for average rental NOT on luxuries or comfortable zone

As I’ve mentioned to Thasmita, UniSuites would only be able to accommodate around 15% of its current student population. And if you consider the facilities that come together with the room a student will be renting in UniSuites, the cost of renting these facilities outside plus their accommodation would come to around the same amount they’d be paying for a room in UniSuites.
What UniSuites is offering isn’t exactly luxuries. It’s just everything a student would commonly be interested to have within a safe and convenient compound.

I think there is a potential growth in kampar soon. Giving it another 1 year the shopping malls with the cinema and the big bus station will run smooth. Somemore express bus compulsary pass by the shopping mall before going out now. Giving it time I guess it will attarct some big investors soon. Even this UNISuite is small I guess it will attract the parents more than the student. Privacy of your own room means can concentrate on studies and less influce by other college students. Even it is small it is neat not like the small flats that some student cramp in. Nowdays investors don't look for big properties. Expensive to manage and hard to find buyer when want to sell. I think this can be a good investment than buying a car for me. Just my Toughts.. Cheers

https://pictr.com/images/2019/11/16/5M2SbX.md.jpg

the new bus station that one is completely joker. last time used to walk old town bus station since hard to get bus or taxi in this area. this new bus station so far away and on highway, no walking path at all, super dangerous. lan lan must call taxi and pay extra fare, and taxi charge expensive cause know student imposibble to walk over there.

totally no brain, that area so many cow shit, empty condo, empty shop houses.... those person in power keep build and build over there, wanna gain profit only, very selfish.

i hope it continue become ghost town at that area.

Yup I can understand your frustration.. Student life is hard but we hope our future generation don't go thru the same problems we face. How developers and people in power create wealth is by creating a ecosystem of bussiness in a particular area. When there is opportunity to make a living then crowds will move in. When there is crowd then there is competion and stablily of prices. Those who are selfish only want to monopoly and don't want growth. My Tought. No hard feelings. Cheers

you may growth the area, but please prepare more bus service first. imagine waiting over hours still no bus pick go kampar putra there. lan lan pay expensive taxi. sometime taxi still dont want pick you up give excuse busy; asking extra rm2 for petrol first.

better alternative is either do upgrading, or demolish and rebuild it in oldtown. at least bus to oldtown come faster, or posibble to walk over it. you may say why dont drive go? if everyone have car, why would they take bus?

the correct story is, that area is ghost town since many years ago, too many empty condo, empty shoplot. someone in power forcefully move the bus station go over there, trying to growth that area for those property profit. nobody go there except for the bus station service only.

if you have personally visit to kampar there, you will understand what im saying. dont use imagination and tell me future will be better.

want move bus station, from old town to newtown still better choice. a lot people agree with this. still a lot area empty can develop the bus station, even want build shopping mall at newtown also can. mall at here will get more crowd customer too.

why it been move to kampar putra? everyone know but powerless to do something about it only.

Yup I have been there and that place has been long empty. Kampar has always ask for a new hospital , new bus station and a shopping mall long time ago. Why kampar putra is also similiar to ipoh. Why they choose to develop jelapang and not old town in ipoh town. The Goverment choices back then are always based target demographic effected. Who is going to benefit from this project. Well I hope kampar putra does manage to develop itself and get more people in.. Cheers

Hope kampar Utar also improve on their Utar carpool services for their stidents.

That's very good local knowledge. This information is new to me as well. Adds to the value of this project being discussed and the potential of it as an investment.

I am having dilemma to buy this. I am attracted to low entry monetary amount and rental potential. But worry about the heavy housing overhang in Kampar new town.

grr. gurantee rental return for you

Overhang is unlikely to reduce.

How long is g.r.r and will it be delivered?

It's true there is heavy housing overhang. Unlikely to reduce any time soon. However, this development is unlike regular housing because of the concept and very specific purpose.



I would strongly advise against going for the GRR some agencies are offering. Not meaning to offend any party, but it isn't guaranteed by the developer. The developer is already offering rebates between 13-17% so the GRR that you've been promised is actually rebates that have been repackaged to give buyers a false sense of security when offered something "guaranteed". As mentioned by icemanfx, delivery of the GRR for the duration/amount guaranteed is ironically not "guaranteed". A quick call to the developer will give you a definitive answer on what is actually offered to buyers.

Stop PM me. If I need agent, I will ask. No need keep spam me with so many messages.

who ask you say you interest in early post hahahaha

Pity me
Lesson learned....
Sales must be super bad I guess...

oh... so this is the 77k properties

What are your thoughts about this?

No him but... Stay away from this. There are better things to buy.

I just booked a couple of units.. haven't signed SPA though. Is there something I've overlooked?
Made my decision to go ahead with this because the rate at which developments are coming up in KL is kinda overwhelming. Since I'm looking for something purely to invest and not at all for own stay, figured this is cheap and can't really go wrong with renting to students especially with what's available there now versus what this development has to offer.
If there's anything you can share as to why I should get out of this while I still can, please do share.

My opinion.

1. The distance. If you live in KL it makes no sense to invest in Kampar.
2. High price per square feet.
3. High turnover, although developer promises to manage for you. No certainty that it will continue.
4. Not walking distance to uni.
5. Construction period and high progressive interest. (The schedule is different from HDA).

It would be better to invest a secondary market property in KL, the HOC has really driven demand to primary markets.

So it's easier to find good deals in KL. My preferred tenants are families renting 3 room apartments. They are potential long term tenants and will stay for many many years.

Thank you so much for your input!
In fact I did consider all the factors you mentioned, except No. 5. (Based on loan amount and since construction is going according to plan, it'll only be a couple of years of progressive interest and it'll be like buying an undercon below 300k). They mentioned it is a commercial title but under HDA so supposed to follow same schedule. I better double check on that. Don't want any unwelcome surprises.

So, this is what I thought about when the issues you mentioned came to mind (personal opinion, might be biased because I've booked, but I still welcome opinions because this is my first property purchase)
1. With the management supposedly handling everything, I don't expect to have to travel to Kampar regularly. If there is any issue, every party is just a phone call away. I might be naive to think it can be that simple.
2. That is true. But I guess I got sold with the rent being able to cover my installment. I know it's Kampar and it's crazy to be that much psf but if the property serves the purpose and the return is positive, then that should suffice as an investment I guess.
3. I don't quite understand this one but as I know it'll be Rahim&Co who will be managing and after 3 years, owners will vote whether or not to retain their services.
4. Apparently it's 650m to TARC and there's a free shuttle service provided. But actually, because it's the main commercial area with the shops and all, wouldn't the students there be used to getting around from there to the campus?

Getting a property in KL would definitely be more convenient. But me no money to buy subsale in KL. Can't find one which can fetch rent enough to cover installment. Was considering AirBnB as well, but hotspots so expensive and some condos also I heard don't allow to do AirBnB.
Is there a property which you have your eye on which might be more worthwhile?

I'm just gonna ask you a few questions and let you answer them.

Let's think about the supply it brings to the area. Can the market absorb this?

There are plenty of more spacious rooms with bigger common areas rented out for cheap in Kampar.
What is the current situation on the ground? Is there a surplus or a shortage?
https://www.ibilik.my/rooms/7477882/single-...at-kampar-perak
https://www.ibilik.my/rooms/7477958/single-...at-kampar-perak
https://www.ibilik.my/rooms/7384858/kampar-...-for-rent-rm250

Let's keep in mind that this project has over 2000 units. Since there are 2000+ units how many shuttle will the developer provide?

How confident that they will be able to provide the returns promised? Cyberjaya used to be a place that can command high rental income. When supply exceeds demand, what will happen?

Based on what you tell me you booked a few units. I presume you will be doing multiple submission since this is a HDA property.

Do you own a property (own use)? If not, you will be left with 70% LTV. If you lack the cash now, what happens if you find your dream home in the future? Do you have the cash to pay 30% down + closing costs?

Can the property appreciate further given the relative high price per square feet? If so how much?

Who will you sell the property to in the future? If your target is only investors, expect low appreciation as investors always seek the best deals.

What you do next is entirely up to you.

EDIT: I have recently picked up an undervalued positive cashflow property in KL. My total cost of acquisition is around 20k (how you structure the deal matters). The property is valued at 420k, I picked it up for 365k. Minus costs, I have a positive gain of 35k equity.

This post has been edited by vckc: Dec 1 2019, 02:08 AM

Fuh.. I’m learning a lot from this thread.
vckc: I think if I can convince you to buy, I’ll be top sales for sure!
Caradon: you seem to have done sufficient research or whoever your SA is must’ve been very informative.

This post has been edited by Nexus Trinity Properties: Dec 1 2019, 03:42 AM

More overhang depressed the overall market there 😒

Lol I tak suruh beli pun baca dulu bro

This post has been edited by vckc: Dec 1 2019, 10:02 AM

Salah faham, bro. I know you’ve been giving reasons to not buy. So, if by some miracle, I’m able to convince you otherwise, I’d be able to sell ice to an Eskimo!
Anyways, appreciate your views, bro. This is the reason for property talk.

We need more people like you. And less broken tape recorders that never admits that they’re wrong hahaha

a bit high risk to invest, even klang valley does make much ROI now

avoid. im playing in kampar area few years already. i have few unit at here, and im ex tarc here, im believe my opinion is better than those sales agent or other state person?

yes the area is consider good since shophouse and econsave mall just a throw stone away. tarc still walking distance although factor in big hot sun in kampar.

con is, KLCC 100m at tarc almost handover key in this few month. condo how many unit you own count. you wanna chose live in pigeon hole or condo? pigeon hole rental cheaper? see you able low til rm150 or not lo if want fight rental, if so low cant cover installment, then pigeon hole hard to sell in future, slow or wont apreciate value, what reason invest?

i believe at the end this will attract foreign worker or those shophouse worker, when this happen rental rate will be very low.

This post has been edited by leodinouknow: Dec 1 2019, 05:27 PM

I wouldn’t say the market is huge but I feel there’s sufficient difference between the properties for there to be a share to fill up this development. KLCC is marketing themselves as a student accommodation as well but at the end of the day, it’s still a condo like any other which adds to the residential overhang in the area.
Correct me if I’m wrong

This post has been edited by Nexus Trinity Properties: Dec 1 2019, 05:36 PM

Sifu.. I’m new to pure investment property so do bear with me. My first purchase was for ownstay.

To answer your questions:
It would add to the current supply for the area. Based on what was quoted by the sales agent, it would only be able to cater to around 15% of the current student population. So, at the end of the day, the question would be whether it would be to the preference of a sufficient percentage of the students there. I surely hope so.

Situation on the ground? Honestly I haven’t done enough due diligence. I’ve looked a little online as well and read reviews on what is currently available. So, again, from everything that is available, I hope the perks provided is good enough for a good percentage of students to pick this place to rent.

I was a little concerned about whether or not the shuttle service would be sufficient. But I found out UTAR has a shuttle service of their own and it seems the common mode of transport is by ebike so I’m guessing transport isn’t really an issue.

Well, there wasn’t any returns promised. Got approached by someone offering GRR but I opted for the rebates instead. There’s an agreement with the property managers stating a minimum rent that will be imposed. I guess given that they are experienced valuers as well, the expected rent isn’t far fetched.

These will be my 2nd and 3rd. Both at 70% loan because there’s an interest free installment offered by the developer for 10% of the purchase price. I did consider saving my quota for something else but I settled for this.

Well, the speculation is that demand will drive the price up. Honestly not super optimistic about this but I’m looking at steady rental income for now and hopefully eventually the price would be right to sell or give to my kids or whatever.

Found a couple of ROI formulas online and got 8.1% which I think is pretty decent. So I do hope I didn’t waste my quota on this. I guess at the end of the day it is to each their own. I’ll definitely take something from how you view property selection and apply it to my future selections (sound like I’m gonna own a whole bunch.. here’s to dreaming)

Well done on that under market value find! In future I do hope to find something as good (if not better) hahaha.. tamak..

wtf you is agent and buyer? use two ID in lowyat to convince people buy? ho ho dirty scheme tio catch liao.

Kantoi..
I wanted to keep the thread active. I did get a couple of units.. that part is true. The opinions are my own based on information I’ve gathered myself and received from others.
Obviously the common consensus is that this isn’t a very favorable investment. I’m still optimistic about this development personally.
Apologies for the ‘taktik kotor’

well, dont listen to other. listen to yourself. find back your confident why you chose this. do it your style, dont follow others, make it special why people chose your unit compare to neighbour.

for your information, my unit in kampar also is like shit place, everyone tell me it confirm failed. turn out? it positive cashflow after cover installment

It’s not within my control to make it stand out. It’ll be rented out in order by the property manager. That’s part of the hassle free deal. I accept that choosing to invest in this means I hand over control to the property management up till AGM where owners decide whether to retain their services or not. The management has much to gain in terms of shop lot and car park rental profit as well so it would be in their interest to do a good job for the development as a whole.
Good for you to be able to get a positive ROI from your property there. I hope this development doesn’t affect your market.

This post has been edited by Nexus Trinity Properties: Dec 1 2019, 06:28 PM

mind sharing what u did?
maybe I can get some ideas from yours

don't want to share also okay. it's your choice

Despicable.

well, for me if i cant control de, better i invest stock market. we invest property is because we can control it rite?

even management i will use outside de, not link to developer de management. anytime never pay out then cry father cry mother.

yes, i hope this able to bring rental value up, affected mine more is better, as i plan raise rental next year. just it maybe just a dream which never come true

This post has been edited by leodinouknow: Dec 1 2019, 08:25 PM

target student & target family different de wo. totally heaven & hell. student no need do too luxury.

for me, i just do everything in super budget, if not remember wrong about rm3k plus for all painting job, 4wardrobe, 4bedframe 4spring mattress, banquet table, cheap plastic chair.

partition, then rent room by room basic. actually i start as noob, as i worry if rent full house to 1group friend, when 1friend in the group fight and break, all stop rent at same time then me jialat? if rent room by room, at least one out, still got other 2-3person stay to reduce damage. then only i find out this is the correct tactic for student market actually.

important is advertisment nia, spread to as much as can. then no need scare student low ball you, as you easily get different student come view the room.

This post has been edited by leodinouknow: Dec 1 2019, 08:30 PM

well, his hobby what to do. just nobody catch him from same ip address in forum a bit weird since here a lot pro.

i catch him using wrong account post then delete and re-using another account post same thing

Yup. For students market
Room rent basis is the way forward....
But needs to be careful too.. sometimes useless neighbor go complaint to local council....

Guilty as charged. No excuse. Sincerest apologies for deceiving you. Please don’t let this stop you from giving your valuable input whichever way you lean.

You’re right. But because of the distance, we leave it in the hands of credible management and let them execute as per the agreement. Also because the whole development already stands out against current supply and all units come fully furnished, there’s nothing much else we can do as buyers.

If I’m not mistaken management is independent from developer and tenancy will be direct with tenant so payment also doesn’t go through management. They just source for tenants and can assist if tenants default.

Sama-sama drive value in that area up! We can dream..

If I’m not mistaken, that’s actually a norm in Kampar so your neighbour is probably doing the same

my style a bit violent, im devour neighbour unit as well hahahaha

Hehe..
Well if neighbor also does that then good..
But there's also some evil one... Who knows...
The type who complained everything...

Huhuhh...
Good for u 👌😁

just be second landlord, low ball the neighbour, rent from them, then re-rent it out with my style in higher price. that why i tell the guy, better let me be the management for his unit as well.

U can do some side biz already...
Agent no more work @ biz

Well seriously.. If they desperate sure would do that.. But u know many are just stubborn... They would just leave the units empty...

yeah i plan register and do one management company can control more unit, then i can be big boy control price, do airbnb those also


well bo bian ma, here really is over supply. a lot owner dying cant rent out. reduce damage is better than cant rent out whole year rite as student is count semester by semester. once you miss the new intake season you basically empty one whole year.

well, if you really got talent, here really quite good income. but not for normal person to play. risk is still there.

Good plan u have there

Right timing is the main point.. Also heavy focus on just student market specific on utar is also one downside.. Then the oversupply situation...

Me got talent?.. Well I'm not really ready... Risk is too high too..
If like shah Alam or Subang Jaya area.. Where u can focus on students, individual workers or even families... Then its good... Can spread the risk...

yes student market is right timing only, and how to get they heart so they never move to another unit after 1month-2minth stay.

personally i like dealing with student. as student get money from family, so wont heart pain when time to pay rental.

while family sometime cry this cry that beg children not enough eat, or worker bo hit target or get fired, this group more hard to collect rental. you play keras, they more keras than you later.