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 Anybody regret buying service apartment?

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AskarPerang
post Dec 3 2019, 12:26 AM

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The best service apartment. Located in Dengkil. New township by Mah Sing.


accitzone
post Dec 3 2019, 12:39 AM

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QUOTE(hazremi @ Dec 2 2019, 06:58 PM)
Anybody regret? Either for own stay or investment?

Regret because of high cost to maintain?
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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
Twins10
post Dec 3 2019, 12:45 AM

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Service apt no housekeeping included in malaysia. Its a con job.
toda_erika_II
post Dec 3 2019, 12:57 AM

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QUOTE(holypredator @ Dec 2 2019, 11:24 PM)
You need to study more about property.

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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You need to learn more about what he just said.
zerorating
post Dec 3 2019, 01:05 AM

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QUOTE(AskarPerang @ Dec 3 2019, 12:26 AM)
The best service apartment. Located in Dengkil. New township by Mah Sing.


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@2:40 suddenly become US highway
holypredator
post Dec 3 2019, 01:20 AM

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QUOTE(toda_erika_II @ Dec 3 2019, 12:57 AM)
You need to learn more about what he just said.
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Which is?
billylks
post Dec 3 2019, 01:22 AM

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If your service apartment is in KL, prepare to pay an insanely high assessment tax just because the land is commercial.

Bodo piang DBKL.
SUSBillCollector
post Dec 3 2019, 01:36 AM

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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)
commercial title cant borrow so high percentage from banks compared to residential ones
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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.
kkboy
post Dec 3 2019, 02:06 AM

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QUOTE(holypredator @ Dec 3 2019, 01:20 AM)
Which is?
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Wahlao


kkboy
post Dec 3 2019, 02:07 AM

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QUOTE(billylks @ Dec 3 2019, 01:22 AM)
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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I think that is smart of DBKL
Neo8663
post Dec 3 2019, 02:14 AM

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Almost go for service apartment
But check the maintenance rate, electricity rate
Im out.

Doesn't make sense at all for such place

jmas
post Dec 3 2019, 10:52 AM

I can edit title???
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QUOTE(Neo8663 @ Dec 3 2019, 02:14 AM)
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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Maintenance rate similar to other apartment/condo go compare, electricity rate can convert to residential rate
problem is bigger on quit rent.
SUSBillCollector
post Dec 3 2019, 11:00 AM

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QUOTE(jmas @ Dec 3 2019, 10:52 AM)
Maintenance rate similar to other apartment/condo go compare, electricity rate can convert to residential rate
problem is bigger on quit rent.
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Maintenance charges for those that are managed by hotel chains or to a hotel standard are extremely expensive.

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.
MeToo
post Dec 3 2019, 11:04 AM

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QUOTE(jmas @ Dec 2 2019, 07:14 PM)
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"
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When I retire I want to stay in a small ~1500sqft condo that is attached to a decent mall.

Whether its commercial or residential rate shouldnt be a factor for me..
zhou.xingxing
post Dec 3 2019, 11:05 AM

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QUOTE(viole @ Dec 2 2019, 07:23 PM)
So actually do we have housekeeping service here for service apartment?
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stayed at one serviced apartment at hartamas. they do provide house keeping services and clean up for my unit every 2 3 days...
TShazremi
post Dec 3 2019, 11:06 AM

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QUOTE(MeToo @ Dec 3 2019, 11:04 AM)
When I retire I want to stay in a small ~1500sqft condo that is attached to a decent mall.

Whether its commercial or residential rate shouldnt be a factor for me..
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when i retire i want to stay at landed house with land. Shops and malls should be nearby.
MeToo
post Dec 3 2019, 11:08 AM

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QUOTE(hazremi @ Dec 3 2019, 11:06 AM)
when i retire i want to stay at landed house with land. Shops and malls should be nearby.
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nah.. i have bene staying in landed houses my whole life.. the current one is way too big for retirement..
mamata
post Dec 3 2019, 11:09 AM

better get laid early then regret later on
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beli ppa1m , maintenance 215 sebulan ,mula ke mahai?
TShazremi
post Dec 3 2019, 11:10 AM

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QUOTE(mamata @ Dec 3 2019, 11:09 AM)
beli ppa1m , maintenance 215 sebulan ,mula ke mahai?
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mahal la..bukan ada swimming pool..bayar security saja..parking 1 saja kan?
bristlebb
post Dec 3 2019, 11:11 AM

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QUOTE(reed90 @ Dec 2 2019, 07:27 PM)
Last time lot of property "sifu" here said BBB, now senyap dy? biggrin.gif
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becoz they dpt $ ady

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