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Alright, finally, let's me answer your question directly as in compare Sxpphirx vs The Arcuz. Since you so neutral! I told, i don't like to spoilt other agent business or influencing other investor whom come to read my post!
Sxpphirx- Rm0.40psf, 229 units/1.95 acres
Arcuz- Rm0.38psf, 685 units/2.028 acres
Both land size is almost same, Arcuz slightly bigger, we ignore this factor, okay? Since no much difference.
Do you know what is ratio? Do you do simple math calculation?
If yes, then you can understand my calculation below easily.
Let's assume my prediction is correct, Sxpphirx will have spike only cukup for keep the condo good.
(Sxpphirx)229 units to (Arcuz)685 units, whats the ratio?
Its 1:2.99, which is 1:3, lets make it easy.
So, i can do a logical assumption that, if both fully occupied and all owner paying full maintenance fee.
(Neglect the built up factor here first, my eye is tiring, can't do the complicated built up x maintenance fee x by following types of units)
@brunohuproperty I feel this statement is a bit misleading to be honest, we definitely cannot ignore the built up factors/unit types etc. You do make some fair points on estimation and your assumption between the two projects. Firstly maintenance fee comparison should be based on total number of sqft occupied and not total unit numbers because you are paying per sqft to maintain a certain amount of sqft, so a realistic comparison would be:
SXpphire unit type:
1001 sqft X 91 units = 91,091 sqft
1173 sqft x 46 units = 53,958 sqft
1572 sqft x 46 units = 72,312 sqft
1722 sqft x 46 units = 79,212 sqft
we are looking at a total of 296,573 sqf, 32 floors, 12 facilities
Acrxz unit type:
*disclaimer: I'm not exactly sure what the actually number of unit per unit type so i'm gonna give Acrxz an advantage in my assumption. Usually condos are majority smaller unit but i will take a middle average as a conservation estimate according to the info you have shared*
Unit includes 978, 950, 753 sqft sizes
according to what is mentioned in this group total units are 685, and 38 facilities over 47 floors.
If I take the average between all the sized we are looking at an average of 893.6 or 894 sqft give or take.
894 sqft x 685 (total units) = 612,390 sqft
So summary comparison:
Sxpphire: 296,573 sqft of revenue across 32 floors and 12 facilities
Acrxz: 612,390 sqft of revenue across 47 floors and 38 facilities
Ratios:
SQFT revenue ratio: about 1:2
Floor height differece: 9 floors
facilities difference: more than 1:2 ratio with Acrxz having 26 more facilities than Sxpphire.
maintenance per floor ratio: Acrxz = 13,029 sqft/floor vs Sxpphire = 9,267 sqft/floor
so if you look at these data points, it is not as clear cut as to simply say the ratio between the two development is 1:3. there's a lot to consider, such as:
- Total sqft: yes there is a 1:2 difference so any deficit in revenue will lead to increase in management fee
- Maintenance per floor ratio: since it's Sxxphire lower, it will require slightly lower revenue to maintain each floor
- Facilities: extra facilities = extra maintenance cost which will be drawn from maintenance fee.
- Total potential revenue generation = 612,390sqft x RM0.38 = RM232,708 per month vs 296,573sqft x 0.4 = RM118,629(based on current Maintenance fee)
other things to consider:
- Total number of lifts (dense vs low-dense usage will impact lift performance and maintenance schedule)
- Number of staff/wear and tear per floor
- pool/facility size (e.g: larger infinity pool on roof = high chance of complication = high maintenance cost)
- Facilities type and maintenance requires (38 facilities doesnt mean more maintenance depending on what type of facilities. if it's a pool or some water pavillion those are costly to maintain, if it's just a room super low maintenance cost)
given all these data points its easy to see that the comparison is really not clear cut. because yes, generally speaking Acxruz can pull in more renenue/sqft, but it also has more floors to maintain and more facilities to maintain.
I hope this calculation can give a better understanding when giving consumers a more transparent data point for comparison regardless of which unit they prefer. any additional feedback are welcomed