QUOTE(AskarPerang @ Dec 3 2019, 12:26 AM)
service apartment at outskirt location..dont think can get capital appreciationAnybody regret buying service apartment?
Anybody regret buying service apartment?
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Dec 3 2019, 11:11 AM
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5,676 posts Joined: Jan 2003 From: KL |
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Dec 3 2019, 11:16 AM
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How much the monthly maintenance fee roughly? For service apartments
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Dec 3 2019, 11:16 AM
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699 posts Joined: May 2006 |
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Dec 3 2019, 11:17 AM
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1,185 posts Joined: Dec 2011 |
: wrong post:
This post has been edited by tmc: Dec 3 2019, 11:18 AM |
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Dec 3 2019, 11:19 AM
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499 posts Joined: Oct 2008 From: Perth, Western Australia |
It’s not only the tariffs are higher
But the thought of having non residential ppl hanging around ur living quarters doesn’t really appeal to me Bluntly put it, ur living quarters is not a public pasar |
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Dec 3 2019, 11:20 AM
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284 posts Joined: Nov 2008 From: Somewhere in the middle~ |
QUOTE(jmas @ Dec 2 2019, 07:14 PM) commercial title vs residential title, thats all is there such thing as service apartment, but at residential they charge you residential rate instead of commercial?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" cause this is what i always heard from those sales people |
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Dec 3 2019, 11:24 AM
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Dec 3 2019, 11:31 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. Thing is, if you buy now the decent mall might not be decent any more when you're ready to move in. When you buy later, it will be more expensive.Whether its commercial or residential rate shouldnt be a factor for me.. |
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Dec 3 2019, 11:35 AM
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QUOTE(carloz28 @ Dec 3 2019, 11:19 AM) It’s not only the tariffs are higher I thought non residential will not get access to the living quarters areas and the facilities. The only place which is shared is usually the mall.But the thought of having non residential ppl hanging around ur living quarters doesn’t really appeal to me Bluntly put it, ur living quarters is not a public pasar |
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Dec 3 2019, 11:36 AM
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QUOTE(mushigen @ Dec 3 2019, 11:31 AM) Thing is, if you buy now the decent mall might not be decent any more when you're ready to move in. When you buy later, it will be more expensive. Ofcourse it will be more expensive, its called inflation.But I dont see the problem here, my current property will also appreciate. |
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Dec 3 2019, 11:36 AM
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No raegrets.
The concierge signs my parcel for me everyday. I send my clothes to concierge for dry cleaning and someone will pick them up. The concierge bitches about his work in another serviced apartment servicing Malaysian resident so I hear juicy stories from him. Also the concierge is way smarter and has a better career chance ahead because he has a Master in Law and practiced for the past 7 years but got retrenched.. |
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Dec 3 2019, 11:42 AM
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152 posts Joined: Feb 2010 From: Johor/Selangor |
Heard it was around 0.25-0.33 per square feet last time which is not that much of a difference compared to current residential apartments.
To put it simple, maintenance fee (excluding sinking fund and quit rent) is basically the maintenance cost (facilities, cleaning, security) shared by the number of units in the development. Then, the amount you need to paid is based on your unit's square feet X fee per square feet. More facilities and service, less units = extra expensive Less facilities and service, more units = cheaper If not much facilities and expenses but still expensive, then something is wrong. Check with JMB or MC. There are cases where JMB/MC was accused of mismanagement. |
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Dec 3 2019, 12:26 PM
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#73
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QUOTE(accitzone @ Dec 3 2019, 12:39 AM) Not necessarily Service Apartment... any kind of strata Property lah... I just want to stay in a condo/apartment that doesn't have all these added facilities, rather just pay for the basics like apartment/condo upkeep. For those pool or gym, i rather go to a reputable place that actually takes care of their equipment and pool.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 Thing is in Malaysia, if you buy those apartments/condo with no facilities is considered like PPR. This post has been edited by kuci_mayong: Dec 3 2019, 12:27 PM |
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Dec 3 2019, 12:38 PM
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I don't think it is out-rightly wrong, or ones is always default-ly programmed to be regret for buying a service apartment.
I saw too many people profited from their transactions of their service apartments, or many who happily live in a services apartment. Properties is really a case by case matter. |
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Dec 3 2019, 12:46 PM
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if include topless maid then can consider
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Dec 3 2019, 01:03 PM
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QUOTE(kuci_mayong @ Dec 3 2019, 12:26 PM) I just want to stay in a condo/apartment that doesn't have all these added facilities, rather just pay for the basics like apartment/condo upkeep. For those pool or gym, i rather go to a reputable place that actually takes care of their equipment and pool. Yup... only old condos / apartments doesn't have all the bells n whistles now...Thing is in Malaysia, if you buy those apartments/condo with no facilities is considered like PPR. |
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Dec 3 2019, 01:13 PM
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#77
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Dec 3 2019, 01:31 PM
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QUOTE(kyxxx @ Dec 3 2019, 11:20 AM) is there such thing as service apartment, but at residential they charge you residential rate instead of commercial? never heard of serviced apartment charging residential rate, only electricity rate can convert for some.cause this is what i always heard from those sales people but things like quit rent (cukai pintu) will always be commercial rate QUOTE(alanchong88 @ Dec 3 2019, 11:42 AM) Heard it was around 0.25-0.33 per square feet last time which is not that much of a difference compared to current residential apartments. try 1.80-2.50 per sqft.To put it simple, maintenance fee (excluding sinking fund and quit rent) is basically the maintenance cost (facilities, cleaning, security) shared by the number of units in the development. Then, the amount you need to paid is based on your unit's square feet X fee per square feet. More facilities and service, less units = extra expensive Less facilities and service, more units = cheaper If not much facilities and expenses but still expensive, then something is wrong. Check with JMB or MC. There are cases where JMB/MC was accused of mismanagement. last time got quoted this viewing unit at old klang road. |
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Dec 3 2019, 05:09 PM
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284 posts Joined: Nov 2008 From: Somewhere in the middle~ |
QUOTE(jmas @ Dec 3 2019, 01:31 PM) never heard of serviced apartment charging residential rate, only electricity rate can convert for some. do you have information on service apartment like Geo Bukit Rimau?but things like quit rent (cukai pintu) will always be commercial rate try 1.80-2.50 per sqft. last time got quoted this viewing unit at old klang road. actually i was told previously from the sales person that we are charged residential rate for electricity and water. maintenance fee is 0.30 per sqft but anyhow, i moved on and went for Tropicana Aman apartments maintenance fee is 0.30 per sqft Understand for cukai pintu. |
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Dec 3 2019, 06:53 PM
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QUOTE(kyxxx @ Dec 3 2019, 05:09 PM) do you have information on service apartment like Geo Bukit Rimau? nope, sorryactually i was told previously from the sales person that we are charged residential rate for electricity and water. maintenance fee is 0.30 per sqft but anyhow, i moved on and went for Tropicana Aman apartments maintenance fee is 0.30 per sqft Understand for cukai pintu. my info is mostly from previous visits to showroom, online research, and experience sharing from others. |
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