SS mean?

Hi all Masters / Sifus,

Based on the sampling that I got it from Booking.com, the room rate for 1 room apartment (Superior Apartment), based on Check-In Date: 2 Apr and Check-Out Date: 3 Apr (weekday) is RM360. If I specify it the check-in date on 7 Apr and check-out date on 8 Apr (weekend), the room rate is RM440. Then, I also check out with Fraser Residence, KL, the room rate for a studio unit is RM345 per nite for both 7-8 Apr (weekend) and 2-3 Apr (weekday).

However, there are some of the KLCC properties are charging within RM150 to RM230 per nite. For example, for Vortex Suite, the room rate for a single room apartment suite is only RM159 per nite on 2-3 Apr (weekday) and RM181 per nite on 7-8 Apr (weekend). For Summer Suite, the room rate for studio apartment  is only RM192 per nite on 2-3 Apr (weekday) and RM232 per nite on 7-8 Apr (weekend).

Note: i have also found out these sample properties that I do comparison are high in demand based on "few units left" indicator displayed in Booking.com when I search these properties. I think it is still best to follow the industry standard occupancy rate within 65% to 70%.

Correct if I'm wrong, based on this observation, I assume that the the room rate pricing depends on how the hotel operator positions the property (product) in the market. At present, I'm still in the dilemma if I shall invest on Scarletz as I don't know if Scarletz is built to be similar or better than Platinum Suites and/or Fraser Place residence. I hope I can get advice from all masters / sifus and experienced investors.

Cheers

Besides considering the rental market, I also need to consider about resale value if I decide  to exit later. Thus, I'm not sure if there is any good return in resale value if I invest sub-sale property. Some agents are telling me that the return of resale value is lower in relative to property purchased from developer. I'm not sure how truth it is from these agents. By the way, the launching price for Summer Suites was starting from RM328K (based on the info from PropSocial with the completion year of 2015) and the current published price (NOT TRANSACTED PRICE) from iProperty is about RM495K for a studio unit wiith the built-up size of 454 sq ft.

Appreciate for your advice too.

Cheers

isola also selling 1300 psf ?

The progressive interest is very painful. Developer take 80% money from bank at first 2 yrs.

Kindly could you share to us ?

Appreciate ..

For the schedule of payment about the interest actually is quite much expensive compare with the HDA project
but it also depend how much of the loan amount there u loan for
other than that , for the Claiming actually is around 90% before 1and half year to reach VP but it also depend on how the progressive of the construction and this project claiming is claim upon completion
For some development of commercial it will be claim upfront of 40% upon the commence of the project.
other 50%-60% is claim upon complete of every stage

How about DLP? Any different compare HDA?

76% unit sold....

Type A, B, C (450sf) - Still available but top or higher floor units are fully booked
Starting price 750k

Type D, E (Dual Key 550sf & 575sf) - fully booked

3rd nvenue use 430 sq ft do dual key... ask u sei mei....    only a pantry space seperate the two rooms... lolz

I was told now is 12% rebate. If you still can get 14% then your agent is good.

Yes Type A is fully booked, unless somebody loan didn’t go through.

VP is expected in Q1 2022. So it will be only interests throughout these years until completion without any return. Plus I think this is non HDA prop.

either to think or not, i still need to pay the interest for 4 years. question is what is the forecast of return after 4 years. sell right away after VP, or go with their AirBNB plan etc..

If sell right away after VP, might get 100k cash..

it comes back to what I said - either to sell it straight away after VP or even during undercon.
Ultimately what we want is returned money for our investment

it is just for the sake of replying. I randomly plugged the number without any basis. lol.
It can be 5k, 10k, 50k... honestly I dont know. maybe losing money. lol. I dont know...

Hi, i agree with this, when a IBis hotel is around (or near A property), definitely any airbnb will be affected !
as I personally have stay on " IBis hotel " few times while in UK, i like this hotel "modern", sleek , clean & lots of modern features & the price is reasonable too ! 

About the no car park i think shouldnt be a problem ? i have a friend managing 30+ airbnb units in KLCC area. More then 90 percent of the tenants from other countries they dont need a carpark actually
+ nowadays i dont think tourists will do car rental since grabcar is quite cheap and mrt lrt quite convenient as well ?Just my 2 cen

[attachmentid=9966976]
Their rooftop infinity pool at Expressionz sibeh yes wor... can use it as benchmark to judge their Scarletz ar?

Ermm..what i heard is they will come with season carpark..this might be a cost you need to consider?But  some projects along yap kwan seng already selling above rm1800k -Rm2400 psf.So i think this project is still quite potential.
Alilah bangsar is a good example ,units come without parking .
People buy just for investment and they are doing good now.
Hmm..