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Investment TRX residence or CORE residence

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DavidKool
post Feb 18 2020, 11:50 PM

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QUOTE(chouka @ Nov 19 2019, 07:44 PM)
If TRX residence (banned Airbnb) and CORE residence (allows Airbnb) are both priced at 1800-2200.
Which one is better?
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I very doubt any developer willing to commit you they allowed AirBnb for condominium and serviced apartments. Both properties are means for investment purpose and surely they are okay and encourage buyers to do AirBnb for income purpose since we are talking about investment purpose properties than more to own stay.

If both price at same, I will go for TRX Residence, simply better design & specs initially given, Lendlease is better than Core and lifestyle mall. TRX Residence, Mall and Lifestyle Quarter is 17 acres while Core's land is less than 1.5 acres if not mistaken.

However, Core is only 580 units bcz third block allocated for hotel suites by Ascott, not sure if finalized. Meanwhile, TRX have 2480 units and rumours to change to more units (above 3k spread over 5 blocks) and I think they unable to get APDL on time, they sold a lot of pre-sales units in HK and ended up almost entire HK buyers cancelled.

I notice Core really too focus on China buyers, my HK friends bit reluctant and we now wait and see for cheaper project.

If Core actual 1900 psf vs Lendlease proposed 2400 psf, I confirm will skip Lendlease, too pricey for such high density and Core's staff more helpful compare to Lendlease (sucks)
DavidKool
post Feb 19 2020, 12:41 PM

On my way
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QUOTE(icemanfx @ Feb 19 2020, 06:00 AM)
As if Chinese buyers could buy overseas property.

How much could owner charge for Airbnb? What will be occupancy like?
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AirBnb operators doing 2 types, one is sharing profit basis say 70:30 and another is more straight forward which the operator rent for 1-2 years for fixed rental.

The first profit sharing basis is looks good for owner when the market is very good and operator only manage some units, say 30-50 so if how bad the market, a good operator will ensure owners to earn little on pool basis regardless the owner's personal unit is rented out. Monthly profit / all units managed. However, I hearsay a lot operators dislike this method as this will killed a lot of management costing for them to operate due to services needed.

Some of them changing to more measurable of fixed rental, such as market maybe RM 7 psf for Core. They willing to rent any unit at RM 6 - 7 psf and charge 10-15% fee and pay 1-2 months deposit like normal tenant. They have problem to fork out 2 months deposit bcz normally they measure their financial and management by selecting min 50 to 100 units so they can each find third party (cleaning, car services, technician, etc services) easily with better costs. If owner unable to rent out his unit for RM 7 psf normal rental (maybe due to furnished not suitable, floor or view not tenant taste), he can assured this operator willing to rent it without any viewing. It is similar to Guarantee Rental but not from developer, its operator.
DavidKool
post Aug 28 2020, 01:03 PM

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QUOTE(restful increase @ Aug 28 2020, 12:53 AM)
Actually no need to buy service apt inside TRX and pay very high price. There are many TOD projects near to trx and within 3 to 6 mrt stops away & since trx has mrt 1 & 2, many TOD projects with mrt linkage and much cheaper pricing can reach trx via mrt within minutes.
Far east residence at kuchai lama is only 4 mrt stops away from trx and its price is rm700psf quoting 1 example.
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There are plenty more consideration, I assume. Profile of the TOD project is crucial as every location have different target segment with it's locality and pricing.

TRX is one of the iconic projects within KL City, furthermore a financial hub and international branding, more comparable with others such as Merdeka Residences or BBCC. Their pricing scale are almost same range.

Far East Residence or Kuchai Lama is a great project at it's own cost as a medium end serviced apartment within KL but not KL City. The investment value is totally different compare to the integrated developments known to international buyers.

The location attracted different profile buyers, and the specs are equally crucial for the price being paid.


 

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