Anybody regret buying service apartment?
Anybody regret buying service apartment?
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Dec 3 2019, 12:26 AM
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All Stars
23,688 posts Joined: Aug 2007 From: Outer Space |
The best service apartment. Located in Dengkil. New township by Mah Sing.
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Dec 3 2019, 12:39 AM
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Junior Member
399 posts Joined: Mar 2006 |
QUOTE(hazremi @ Dec 2 2019, 06:58 PM) Not necessarily Service Apartment... any kind of strata Property lah...As they required constant common maintenance.... If all were to think of it... the common facilities, required a huge dedicated maintenance of TLC..... Once the root start to come and ppl start to slack on the maintenance payment... mati lahh... Come to think of it... the current condos that comes with big ass swimming pools, with infinity pools, gyms, common facilities... Marilah oi.... once the responsibility transferred to the JMB... and once the volunteer JMB felt penat oredi... habislahhh |
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Dec 3 2019, 12:45 AM
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Junior Member
919 posts Joined: Aug 2015 |
Service apt no housekeeping included in malaysia. Its a con job.
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Dec 3 2019, 12:57 AM
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Senior Member
540 posts Joined: Mar 2008 |
QUOTE(holypredator @ Dec 2 2019, 11:24 PM) You need to study more about property. You need to learn more about what he just said.Those are service residence units of the hotel building. They are units owned by individual buyers and normally are above the hotel units. These units ARE NOT serviced by the hotels staff. They are allowed to use the same facilities in the hotel building but the hotel cleaners, bellboy and receptionist/concierge does not form part and parcel of your unit bought, meaning to say they will not do housekeeping for you or handle airBnB for you. However, there are some that allows you to do pay-per clean service, meaning to say they will help you to do housekeeping if you request and they will charge you a fee each time they clean for you (and it is normally more expensive than you getting a part time maid). For any other service apartment that are not built on a hotel building, they function just like a condo except they have either a mall/shops on the lower ground floor or within close proximity. They are allowed to convert their utilities to residential rate. The maintenance costs are like condo, which is to pay for security, facilities maintenance etc. |
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Dec 3 2019, 01:05 AM
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Senior Member
975 posts Joined: Aug 2007 From: Lokap Polis |
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Dec 3 2019, 01:20 AM
Show posts by this member only | IPv6 | Post
#46
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Senior Member
1,649 posts Joined: Dec 2007 |
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Dec 3 2019, 01:22 AM
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Junior Member
180 posts Joined: May 2010 |
If your service apartment is in KL, prepare to pay an insanely high assessment tax just because the land is commercial.
Bodo piang DBKL. |
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Dec 3 2019, 01:36 AM
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Junior Member
818 posts Joined: Jul 2019 |
I have invested in 2 of these, Mercu Summer Suites and the other is Accoris.
The MSS was a positive cashflow investment and made around 24% when I flipped it. Accoris I recently flipped it to one Hongkie buyer. Won't touch any of these shit again. QUOTE(AllnGap @ Dec 2 2019, 07:22 PM) That depends whether or not it is developed under the HDA Schedule H or not. If it is then you can borrow similar to residential. |
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Dec 3 2019, 02:06 AM
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Junior Member
113 posts Joined: Jan 2009 |
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Dec 3 2019, 02:07 AM
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Junior Member
113 posts Joined: Jan 2009 |
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Dec 3 2019, 02:14 AM
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Senior Member
1,244 posts Joined: Jul 2005 |
Almost go for service apartment
But check the maintenance rate, electricity rate Im out. Doesn't make sense at all for such place |
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Dec 3 2019, 10:52 AM
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Junior Member
830 posts Joined: Mar 2010 |
QUOTE(Neo8663 @ Dec 3 2019, 02:14 AM) Almost go for service apartment Maintenance rate similar to other apartment/condo go compare, electricity rate can convert to residential rateBut check the maintenance rate, electricity rate Im out. Doesn't make sense at all for such place problem is bigger on quit rent. |
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Dec 3 2019, 11:00 AM
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Junior Member
818 posts Joined: Jul 2019 |
QUOTE(jmas @ Dec 3 2019, 10:52 AM) Maintenance rate similar to other apartment/condo go compare, electricity rate can convert to residential rate Maintenance charges for those that are managed by hotel chains or to a hotel standard are extremely expensive. problem is bigger on quit rent. You cannot convert the electricity tariff to residential on certain commercial title service apartments, it can only be converted where it was developed under HDA Schedule H rules and many of these boxes in sky are ineligible. |
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Dec 3 2019, 11:04 AM
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Senior Member
9,338 posts Joined: May 2009 |
QUOTE(jmas @ Dec 2 2019, 07:14 PM) commercial title vs residential title, thats all When I retire I want to stay in a small ~1500sqft condo that is attached to a decent mall.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" Whether its commercial or residential rate shouldnt be a factor for me.. |
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Dec 3 2019, 11:05 AM
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Senior Member
1,863 posts Joined: Aug 2014 From: Soviet Sarawak - Dum Spiro Spero |
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Dec 3 2019, 11:06 AM
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Senior Member
5,676 posts Joined: Jan 2003 From: KL |
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Dec 3 2019, 11:08 AM
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Senior Member
9,338 posts Joined: May 2009 |
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Dec 3 2019, 11:09 AM
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Senior Member
699 posts Joined: May 2006 |
beli ppa1m , maintenance 215 sebulan ,mula ke mahai?
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Dec 3 2019, 11:10 AM
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Senior Member
5,676 posts Joined: Jan 2003 From: KL |
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Dec 3 2019, 11:11 AM
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Junior Member
575 posts Joined: Jan 2011 |
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