Is it that much difference for the rates of utility n quit rent for serviced residence and condominiums?
Is it worth it to buy serviced residence for own stay?
Investment Disadvantages of buying serviced residence
Investment Disadvantages of buying serviced residence
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Nov 26 2018, 09:07 AM, updated 8y ago
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#1
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Senior Member
1,552 posts Joined: Sep 2010 From: Grand Line |
Is it that much difference for the rates of utility n quit rent for serviced residence and condominiums?
Is it worth it to buy serviced residence for own stay? |
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Nov 26 2018, 09:16 AM
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#2
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All Stars
11,943 posts Joined: Mar 2012 From: Kuala Lumpur |
easily convert to airbnb with no issue
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Nov 26 2018, 09:17 AM
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#3
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
TNB for service apartment still can convert, getting same residential rate.
But water should be the deal breaker. Commercial rate is around 4 times the amount of residental rate. Plus got minimum charge even if no one staying. For selangor ppl, i know few who dont need to pay their water bill at all. Below 20 meter cubic is free. Next year will increase to 25. Assessment rate differs by 1%. Service apartment VS condo. Around 100+ the difference for a year. |
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Nov 26 2018, 09:35 AM
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#4
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1,552 posts Joined: Sep 2010 From: Grand Line |
QUOTE(AskarPerang @ Nov 26 2018, 09:17 AM) TNB for service apartment still can convert, getting same residential rate. wow, that's quite highBut water should be the deal breaker. Commercial rate is around 4 times the amount of residental rate. Plus got minimum charge even if no one staying. For selangor ppl, i know few who dont need to pay their water bill at all. Below 20 meter cubic is free. Next year will increase to 25. Assessment rate differs by 1%. Service apartment VS condo. Around 100+ the difference for a year. |
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Nov 26 2018, 09:39 AM
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#5
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525 posts Joined: Mar 2015 |
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Nov 26 2018, 09:59 AM
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#6
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All Stars
10,188 posts Joined: Apr 2012 |
better consider pure residential project le if u have the option... although nowadays pure residential title project in KL is a rare breed... lol
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Nov 26 2018, 10:14 AM
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#7
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
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Nov 26 2018, 10:32 AM
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#8
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48 posts Joined: Jan 2008 |
if the service apartment is under HDA rules sholud no problem with electric and water tariff, follow residential charge
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Nov 26 2018, 11:26 AM
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#9
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2,867 posts Joined: Dec 2013 |
QUOTE(zudin @ Nov 26 2018, 10:32 AM) if the service apartment is under HDA rules sholud no problem with electric and water tariff, follow residential charge Only for electricity. Almost all of the service residence projects I've visited, completed and under-con, the SA or developer sales staff mentioned that electricity can convert to residential, but not for water and assessment.Just have to accept this when choosing a property closer to the city, unfortunately. |
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Nov 26 2018, 11:45 AM
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1,594 posts Joined: Nov 2008 |
QUOTE(AskarPerang @ Nov 26 2018, 10:14 AM) Incorrect info. In what extend does government authority of building/management office can impose to control? Example if 'airbnb banned' is written in the house rule, can the management office execute it strictly to chase them off?Many service apartment already started to ban airbnb. My bet is more will follow suit. |
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Nov 26 2018, 11:46 AM
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396 posts Joined: Nov 2008 |
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Nov 26 2018, 12:12 PM
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2,854 posts Joined: Jul 2013 |
QUOTE(ju146 @ Nov 26 2018, 11:45 AM) In what extend does government authority of building/management office can impose to control? Example if 'airbnb banned' is written in the house rule, can the management office execute it strictly to chase them off? under strata management act, i guesshouse rule set by JMB or MC is very powerful for strata properties |
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Nov 26 2018, 12:15 PM
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#13
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65 posts Joined: Oct 2018 |
One overlooked aspect is the developers (especially if it’s a connecting mall) themselves sitting or having an outsized influence on the JMB just like The Main Place. You call read all about at https://www.thestar.com.my/metro/metro-news...-and-developer/
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Nov 26 2018, 01:28 PM
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127 posts Joined: May 2017 |
my service apartment also will convert to residential pricing for syabas and TNB.
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Nov 26 2018, 02:03 PM
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All Stars
10,188 posts Joined: Apr 2012 |
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Nov 26 2018, 02:34 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
QUOTE(zudin @ Nov 26 2018, 10:32 AM) if the service apartment is under HDA rules sholud no problem with electric and water tariff, follow residential charge Doesnt matter under HDA or not. Water SYABAS cannot convert for service apartment. QUOTE(prozdennis @ Nov 26 2018, 01:28 PM) Service apartment water SYABAS confirm cannot convert. Dont listen to sales agent or developer promise such cheat ppl stuff. |
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Nov 26 2018, 02:35 PM
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87 posts Joined: Dec 2010 From: Johor Lumpur |
QUOTE(brogress @ Nov 26 2018, 12:15 PM) One overlooked aspect is the developers (especially if it’s a connecting mall) themselves sitting or having an outsized influence on the JMB just like The Main Place. You call read all about at https://www.thestar.com.my/metro/metro-news...-and-developer/ TQ for sharing |
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Nov 26 2018, 02:42 PM
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127 posts Joined: May 2017 |
QUOTE(AskarPerang @ Nov 26 2018, 02:34 PM) Doesnt matter under HDA or not. Water SYABAS cannot convert for service apartment. i sign the document to convert syabas to residential rate ady wor..Service apartment water SYABAS confirm cannot convert. Dont listen to sales agent or developer promise such cheat ppl stuff. |
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Nov 26 2018, 02:45 PM
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427 posts Joined: Apr 2014 |
yalo, i also thought cannot convert water one? can meh?
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Nov 26 2018, 02:49 PM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
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