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Investment THE ARCUZ SUITES @ KELANA JAYA, EXSIM's Thriving Oasis of Kelana Jaya

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CHL95
post Jan 24 2021, 09:05 AM

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QUOTE(Erictan1981 @ Jan 24 2021, 08:56 AM)
I am curious how many % arcuz unit sold at this stage? I check their sales chart,seem like 40%-50‰ unit still unsold.
Similar for millerz OKR, exsim project always pricely,higher maintainence cost. They project easy above 500k-600k.

They seem like too ambitious hold few big project such as millerz square, damansara central park,arcuz. Abit worry how their cash flow going to run all this big project.

Also curious how many mid or high income group will giong for exsim project? If afford buying 700k-800k n have to paid high monthly maintenance fee v small sqf area. It better looking for landed property rather than high rise condo.
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Ya agree. It’s expensive. At this price point I’d rather get sapphire d which is much low density and closer to paradigm and accessibility better. Tbh, how many of us will use the facilities very often?
CHL95
post Jan 24 2021, 02:22 PM

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QUOTE(brunohuproperty @ Jan 24 2021, 09:56 AM)
tongue.gif Azure Maintenance fees increased from 0.52 per sqft to 0.80 per sqft now.

Sapphire: Rm0.40psf maintenance fees as for now.

>>>How many of us will use the facilities very often?

I just feel a bit funny as its sound like its so okay for paying Rm0.40psf(while high chance to increase in future), and we dont use it.

>>>How many of us will use the facilities very often?
yeah, some may use them very often. some may not.

No offend, I'm a agent and also a property investor, for sales part i dont have any personal intention.
As a property investor, i would say, yes, its sound funny when u say Rm0.40 is OKAY since we dont use facilities much(by using Sapphire as example)

Anyway, Sapphire was expensive, even much more than Arcuz.
FYI, Sapphire pricing now is just slightly lower than The Arcuz, as per updated latest sales package.
I can sell Sapphire too, but i choose not to recommend to any of my prospects.

If you are investor, you might want catch up below market value deal, yes, Sapphire could be a speculative investment choice.
Big lost or big win.
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From a neutral standpoint, since u say sapphire have high chance of increasing maintenance fee in future but isn’t it equal to arcuz as well since it has so many high end facilities to maintain? The maintenance fee of course will spike in future OR maintain the same but poorly maintained lol
CHL95
post Jan 24 2021, 04:44 PM

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QUOTE(Sarah Sam @ Jan 24 2021, 04:27 PM)
Hi, just want to share my experience staying in Exsim property (Twin Arkz). There was never once the management unable to maintain the facilities. The facilities was and still maintain since VP till now. Perhaps you can ask other Exsim owner/tenant who previously or currently staying there. I don't know about WCT and I don't want to assume any. But from my experience, they well-maintained their facilities from podium to sky facilities. Not to mention the parking area as well. The management is super attentive to complain as well and rectify it quite fast.

I ve been staying in a lot of condos (high end) and so far I can say Exsim maintaining their property quite well. You can ask other owner also.  smile.gif
Check out this swimming pool. They are maintaining daily and still in a good condition even tho already VP few years ago.
user posted image

Thanks for sharing! Yes would appreciate if any WCT owner here can share experience about this developer. Thanks!
Maybe if we have WCT owner here, they can share their experience also. So we don't have to assume and we can get the facts right by referring to their current situation of the property.
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CHL95
post Jan 25 2021, 11:07 AM

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QUOTE(brunohuproperty @ Jan 25 2021, 02:34 AM)
Since you at neutral standpoint, let me spent some time to type this long to provide you some knowledge which i copy+edit also from an article, thanks me later.

Cases of maintenance fees being raised substantially from the initial fee imposed by the developer is a common occurrence.

1) Maintenance fees is shared among fewer units. (Low density development's concern, not talking about when the occupancy rate is lower and for sure lagi teruk)
2) The developer has the right to raise the maintenance fee as if they already had a meeting been held with residents of the condominium in prior and if a majority vote to increase the maintenance fee was passed. (Your never join such meeting, don't you?)
3) The cost of maintenance is higher than earlier estimates. (e.g when you buying project, do you ever ask developer is the indicated estimation of maintenance fee enough to maintenance the facilities.etc?)

Item 3, lets see, its could be very much depend on developer's conscience. Some developer knew that the estimation of the maintenance fee is for sure no enough to cover the cost, but they still decided to come out a estimation figures that lower than the actual cost, why?

So, its a selling point lah for agent to push the sales lah! For example, Sxxwxx Serexx that sit beside LDP highway loh. (Could be, i not saying they really did this  biggrin.gif )

Well, another situation is maybe developer is not experienced, they are not professional as in property management.
They estimate the maintenance fee based on the number of facilities that had planned, and derived on the supplier's quotation of cost.

Post-VP, let's say the developer appointed an independent property management company to manage the building, they recommended more security guards, more cleaning shifts, and so on, only be able to keep the property in well condition. In this case, the cost would be higher, well, the developer found out that the maintenance fee collected is not enough to cover the cost, and had to fork out its own money to cover the deficit. For sure, they will advise the residents to pay more la, no anyone like to do the charity right.

At this point, i would recommend Arcuz again is because, occupancy rate of EXSIM completed project is always high, regardless the own stay owner or the unit that renting out, you can see EXSIM property always welcomed by tenant, i wouldn't elaborate here, you can just google iproperty and do the  "The Petalz vs Citizen" that both sit in Old Klang Road and beside NPE.

Secondly, EXSIM is well reputed for their experienced property management in most of the property lah. (Of coz, i heard some really bad stuffs about EXSIM too as in certain cases, for example, they ask the residents not to throw the toilet paper into the water closet during there is some defects- need to be fixed on piping- which causing clogged issue.)

But somehow, among the developers on the market, EXSIM still be the best 3 in my opinion as in property management/ maintenance job lah. They speedy and efficient as for defect fixing also famous right. (Good after sales services)

So...as i know majority of the EXSIM completed property din't have maintenance fee spike problem, like The Petalz, and yes there is still have spike like in Twin Arkz original launching estimation is Rm0.38psf and became Rm0.51psf in 2 years time. (So far i heard so only this, share to me if any other EXSIM property having maintenance spike.)

Anyway, buyer need to know excellent property management is key to the value appreciation of any strata -titled property.
So, before buying property, ask the developer, is the quoted maintenance fee, is that really realistic?

Furthermore, under Strata management Act 2013, it has a built-in protection mechanism for strata unit owners- the key is to ensure that owners make it a point to participate in the decision-making with regards to any service charges or maintenance fees of the development as soon as possible.

This is why JMB needed lah in first year, hello?

Then followed by MC, which the owners can then decide on the level/quality of property maintenance they want and the fee they are willing to pay for them.

Meaning to say, you are the boss okay? Find the best cheapest quotations from the contractor that offering cleaning service, fixing common area defects lah.

Just some tips here also:
Be a responsible resident, keep your condo clean, don't pee in the swimming pool okay? tongue.gif
Don't throw the cigarette butt from your balcony, in sort of ways, you can help reduce the cleaning fee i assume.
Don't rent to non quality tenant la because of higher rental return if u knowing which i pointing, which they are toxic and always create problem like even spit in the lift?

From the very beginning you buying the property, you attracted with the facilities, ask yourself, is that realistic the maintenance fee?
You might be saying, well, how the fuck i know if it is legit?
(I be sharing to those personally come whatsapp me, knowledge sharing isn't always free for public, ok.)

Let's back to MC again, once it is formed, get every owner be participate lah, to determine the maintenance fee - the class/quality in accordingly.
Majority win in the MC okay.

If Rm0.38psf is no enough to maintenance, then u might expecting lower quality if still stick to Rm0.38psf.
If only increased to Rm0.50psf is enough to keep the building good, come on lah, personally i think paying another Rm117.36 is not a big deal if i want my residing place is always clean, atas feeling as just like when VP.
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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)

Assuming Rm230k per month needed to maintenance the building, which mean Arcuz using Rm230k, Sxpphirx also using Rm230k.
Each unit (Neglect the built up), need to pay Rm335 at The Arcuz
Each unit (Neglect the built uo), need to pay Rm1,004 at Sxpphirx
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PFFT, i don't understand why would people always ask simple math question to me.

Of cause, you mentioned The Arcuz having so many facilities...bl@ bl@, Sxpphirx having much less facilties...

PFFT, if i am the buyer, i rather to buy Arcuz, why?
In a ratio, i will still paying a lower maintenance fee for The Arcuz (1:3 Ratio) but i still enjoying much more luxury facilities.
In a ratio, i will still paying a higher maintenance fee for Sxpphirx (1:3 Ratio) but i cant enjoy as many luxury facilities as Arcuz.

Don't tell me you are stupid enough that you will go for lesser facilities but foresee paying more.
If both property maintenance spike, its would be still 1:3 Ratio.

Lastly, i think i should stop compare Sxpphirx and The Arcuz, before WxT sent someone to catch me and tied up me to SM.

I just want to say, The Arcuz is just 8 minutes walking distance from the Sxpphirx!!!

What so ever the selling points of Sxpphirx having, Arcuz is having the same selling points, the only difference is the distance.
For example, Sxpphirx is 2 mins walking distance to Paradigm Mall, so do The Arcuz is 8 mins walking distance to Paradigm Mall.
(But The Arcuz is having one more advantage that it is 7 mins walking distance to LRT3, while Sxpphirx need at least 15 mins to walk to the LRT)

console.gif Again, if you cant do simple math, i can teach u how to count! 8 mins + 7 mins = 15 mins

bruce.gif Stop forcing me to do comparison and some basic logical thinking for you all which keep insisting want to compare Sxpphirx and The Arcuz.

The Arcuz is in the cloudy sky.  rclxms.gif 47 storey levels height
Sxpphirx is not, okay!  rclxs0.gif  32 storey levels height

The SKY facilities already at difference leveling(difference class) whistling.gif
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Buying a condo is more towards location, convenient, close to your workplace and accessibility okay? Sapphire is right beside LDP, everyone pass by can see. It’s directly link to paradigm mall, which offers free shuttle bus to airport / many places. As a tenant, to rent a place, or tourist or Airbnb whatsoever, of course will prefer a place where the can visit shopping malls and do groceries / f&b right? Rather than walking distance to lrt as not everyone will use LRT nowadays?

CHL95
post Jan 25 2021, 11:13 AM

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Not to mention that the $$$. To be honest, Arcuz price is over the top to many. Not everyone can afford, looking at the take up rate you’ll know. It’s situated in Kelana Jaya not even central of Pj like ss2 or Jaya one, where offices towers, malls and eateries are just stone throw away. I have nothing against exsim, workmanship is 👍 but sorry, the price doesn’t justify. The natural sunlight exposure for Arcuz also low. The windows in the rooms are also not full. So I’m not sure why is it with such price and labeled itself as “premium & luxury” facilities yes but layout? Not so much. The biggest layout also don’t have window in the kitchen where when owner cooks the oil & smoke will be all over the place
CHL95
post Jan 25 2021, 11:16 AM

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I’m just commenting based on my opinions & facts ya, there’s no offense to anyone interested in / have bought the property. Just my two cents & feeling towards the project. Tq!

 

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