Anybody regret? Either for own stay or investment?

Regret because of high cost to maintain?

actually what is the different service appt and normal appt?

commercial title vs residential title, thats all

by right, in europe, “Serviced apartments” are commercial units, fully-furnished, with services such as housekeeping, room service, and concierge. They are usually rented out for short-term or long term to tourists, business travellers, or expats.
But in malaysia just another way to say, "We built this on commercial land, you will have to pay commercial rate. btw you will share the land with a mall, and sometimes a hotel"

Nicely explained. No wonder price is so unnecessary high for serviced apartments

n not to mention got very expensive maintenance fees every month need to pay

A serviced apartment is a fully furnished apartment available for short-term or long-term stay, providing hotel-like amenities such as room service, house keeping, a fitness center, a laundry room, and a rec room.
Most of them are equipped with full kitchens, Wi-Fi and in-apartment washers and dryers.
https://en.wikipedia.org/wiki/Serviced_apartment

You buy then rent out?

commercial title cant borrow so high percentage from banks compared to residential ones

This post has been edited by AllnGap: Dec 2 2019, 07:23 PM

I used to work in property management company.

The service apt price cost RM600k and above, but the residence there memekak need to pay expensive maintenance fees and higher electricity bill.

I was like, who ask you to buy the service appt if you can't afford to pay for it, go stay at PPRT if don't want to pay so much.

The mentality of some people is really unbelievable.

This post has been edited by xpole: Dec 2 2019, 07:24 PM

So actually do we have housekeeping service here for service apartment?

damn. that stupid.

no, you get nothing other than higher maintenance cost.

I am always miffed by the way developer in Malaysia called it "Serviced Apartment".

But then, I recall nearby KLCC got a few REAL full Serviced Apartment, full service like a 5-stars hotel.
Except you bought the house instead of renting a room.

This post has been edited by jmas: Dec 2 2019, 07:28 PM

Actually not much point in Msia.
Expensive maintenance fees without real perks

Last time lot of property "sifu" here said BBB, now senyap dy?

Actually my service apartment mentenen fees /sqft abang adik with my other normal apartment.

Also TNB bill can be converted to residential rate, just call up TNB and ask them to come inspect. The developer already did that for us.

All in all....not really a downside for me....dunno about others.

This post has been edited by dares: Dec 2 2019, 07:35 PM

how about Quit rent?

what kind of service they are getting, normal apartment oso can have gym, swImming pool too

investment wise ok what. do airbnb lo.

Just like normal facilities such as Gym, Swimming pool, meeting room and below got a small shopping mall.
But the company I worked before is a small company only and they manage 1 property only

But the price they paid is not worth with the facilities that they are supposed to get.

Water bill rate heard cant change. There will be minimum charges, use or no use.

There are too many additional cost that are invisble, commercial property better kira baik baik if want commit. Else sure bleed

luckily mine is residential title, all utilities follow residential rate