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 AXON @ BUKIT BINTANG by Aset Kayamas, The Benchmark of Ownership in KL

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BEANCOUNTER
post Jan 31 2019, 11:31 PM

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This project already got name already.....

Someone here sure can change the title.
BEANCOUNTER
post Feb 1 2019, 11:10 AM

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QUOTE(carentan @ Feb 1 2019, 12:34 AM)
is 1300 psf consider attractive in these area?

this is actually imbi instead of bukit bintang, a bit scary at night i mean the environment and secutiry.
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the entire imbi and pudu will be either called bukit bintang or TRX east south north or west already loh……. devil.gif

AK goes high keras…….

not many developers started from affordable housing and after 2 to 3 yrs.....offered city center high end housing.....

This post has been edited by BEANCOUNTER: Feb 1 2019, 11:11 AM
BEANCOUNTER
post Feb 1 2019, 11:42 AM

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QUOTE(keneeth111 @ Feb 1 2019, 07:00 AM)
yes FF
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Fully furnished mean bedframe and mattress are provided, same with tv conso and sofa and curtains....one just needs to move in with suitcase

or

Fully upfitted - meaning lighting aircond and kitchen appliances are provided but you still need to provide movable items such as sofa and bed before moving in.

Which one is which for Axon?

BEANCOUNTER
post Feb 1 2019, 11:47 AM

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QUOTE(ATKH @ Feb 1 2019, 11:25 AM)
So how much is consider attractive for that area ya?
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for those facing main artery roads, most are selling above 1700psf with almost fully fitted (BBCC, Agile). TRX is expecting to sell higher than 1700psf.

AXON is not facing main artery roads, therefore cant command same premium. And that area is largely considered as red light area rite??????

I would say 1300psf is about there or slightly above premium by 100psf or so......need to visit the site to forge the pricing a bit. how much is rebate/discount out of 1300psf?
BEANCOUNTER
post Feb 1 2019, 12:15 PM

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QUOTE(icemanfx @ Feb 1 2019, 12:10 PM)
At this price, one could buy landed at bukit Damansara and country height Damansara.
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pls dun talk nonsense lah….

you think buying property only abt psf????? how about the absolute cost???????
BEANCOUNTER
post Feb 1 2019, 12:41 PM

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QUOTE(LoTek @ Feb 1 2019, 12:36 PM)
im sure there are 450 sqft landed units in said areas. maybe a mobile toilet or the like
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no.

guardhouse punya toilet....can get at this price..... devil.gif
BEANCOUNTER
post Feb 1 2019, 01:05 PM

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QUOTE(ATKH @ Feb 1 2019, 01:00 PM)
From the ads, studio unit asking rental price 3k. Studio for AXON starting from 650k. For simple calculation, should able to get ROI of 5%. Consider reasonable good?
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why axon studio is 650k? I thought its 1300psf x 450sq = 585k only?

you sure ppl will pay 3k for axon that smacked btw bangla and very dated shops?
BEANCOUNTER
post Feb 16 2019, 01:37 PM

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QUOTE(ju146 @ Feb 16 2019, 11:54 AM)
expecting the worst from this developer
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why?

so far macam tak ada complaints from their vped homes......
BEANCOUNTER
post Feb 17 2019, 08:56 AM

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QUOTE(ju146 @ Feb 17 2019, 01:13 AM)
I am one of the vped unit. Logged 100 hundred of defect, and that's still like 'one eye open one eye close' mentality d. Including water leaking

The worst of them is the management office. Not sure what are they doing, never bother to execute house rules. Call never pick up, unaware of sop etc. It given a feeling of they are all new, just clock in to work for 9-5.

Common cleanliness are not taken care, floor etc can leave non clean for days till week

5k renovation deposit, 500 per contractor pass. That's the most expensive reno deposit I have heard off. I still take it OK since the area is new and they probably want the owner/contractor to be more careful during renovating. But things turns to very ugly when AK took 2-3months to return the deposit after reno completion. Something very suspicious there
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Thank you for your write up.

Surprisingly not many people complaint about the workmanship in here or fb or other social media....

Maybe buyers in this home category are more 'accepting'....

BEANCOUNTER
post Mar 4 2019, 01:24 PM

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Not the bestest buy
BEANCOUNTER
post Mar 4 2019, 04:37 PM

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SPA is standard.....those extra items wont be included in SPA.

all so called 'free items' will be in separate letter not in SPA and DMC.

later developer will write and inform all buyers that these items will need additional x months to be installed, on top of the agreed VP time line.

AKTH if you are agent, you should well aware of such arrangement.
BEANCOUNTER
post Mar 4 2019, 10:35 PM

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QUOTE(mangoproperty @ Mar 4 2019, 06:16 PM)
How much is cp worth nowaday. 1300psf plus car park cost.
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Inner city carpark easily worth 50k to 60k per lot.

Likely they will manage cp and rent monthly if required.

This post has been edited by BEANCOUNTER: Mar 4 2019, 10:36 PM
BEANCOUNTER
post Mar 17 2019, 07:19 PM

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QUOTE(icemanfx @ Mar 17 2019, 04:17 PM)
Buying price of studio unit is more expensive than hotel room but Airbnb rate is cheaper than hotel room?!
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Do you know how much a hotel room cost in say bukit bintang?

Am not talking abt hostel or motel with 20 rooms type.


BEANCOUNTER
post Mar 17 2019, 10:55 PM

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No i dun mean the room rate.

I meant the cost of room when a hotel is changed hand or sold. How much on average a room will cost?

Berjaya times square

https://www.propertyguru.com.my/property-fo...mes-square-2037

1000 to 1100psf on average for a 10yrs old suites


This post has been edited by BEANCOUNTER: Mar 17 2019, 10:59 PM
BEANCOUNTER
post Mar 17 2019, 11:14 PM

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QUOTE(icemanfx @ Mar 17 2019, 11:10 PM)
In hotel trade, room price is valued by arr. currently, there are over 20 hotels (over 100 rooms) in kl available for sale.

for 10 years old property, need to budget for renovation. those time square vendor can advertise as long as they want; at this price, buyer couldn't make reasonable return.
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Wat i tried to point out is on average hotel room cost per room is lot expensive than berjaya or axon and room size is a lot smaller plus hotel brand name.

For someome that doesnt need 5 star services and brand name, axon and berjaya can survive by offering lower rate.

It doesnt have to be ome winner and one loser.
BEANCOUNTER
post Mar 18 2019, 10:07 AM

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QUOTE(icemanfx @ Mar 18 2019, 12:45 AM)
From booking.com; can get <rm200 room rate for federal and royal chulan. how much axon should charge?
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rm200 is the cheapest and smallest room rite? like superior??? usually how big is superior room? 200sq?

Lets say AXON at 1300psf for 450sq (twice as big), say charges 150/night. On average managed to rent out 70% of days (as hotel industry standard)

its yield will come to 6% ROI.

Good or bad?????

Stop arguing. basically your assumption is flaw on your initial assumption without digging further to understand the cost, rent and yields..
BEANCOUNTER
post Mar 18 2019, 11:14 AM

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QUOTE(icemanfx @ Mar 18 2019, 11:08 AM)
70% is typical break even point. there is no guarantee could get 70% occupancy and $150/night need to deduct sales commission, tax, consumable, etc.

hotel business in this country is not known to be profitable; which can be seen from room rate, cheaper than neighbouring countries.
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on average lah…..got peak and low session de...…..macam genting, can get 100% fully booked also.
rm150 also average. if peak, can charge also 250/night.

if hotel biz is not profitable, why still so many hotel sprout like mushroom after rain? Sofitel, apa name dubai chain, kimpaski, was it balcony by Hilton group in BBCC?, even trion also got hotel.
BEANCOUNTER
post Mar 18 2019, 01:12 PM

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QUOTE(icemanfx @ Mar 18 2019, 12:03 PM)
Like shopping mall, many of these hotels are built to attract residence buyers.
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I don't understand what your posting here got anything to do with your error in earlier posting.

just admit you made a wrong assessment earlier lah…..if you dare to post, also must dare to admit mistake right?
BEANCOUNTER
post Mar 18 2019, 02:58 PM

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Buying price of studio unit is more expensive than hotel room but Airbnb rate is cheaper than hotel room?!
BEANCOUNTER
post Apr 3 2019, 07:36 PM

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QUOTE(ninjasnow @ Apr 3 2019, 03:39 PM)
any updates on AK workmanship? dnt knw can deliver high end project or not

imbi area.. 1 block hotel + 1 block service apartment 465 units, 45 storey, no cp, rm0.6 maintenance,  but ff 
unsure.gif
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nanti gov banned kau Airbnb, all investors need to eat grass already


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