Anybody regret buying service apartment?
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 Dec 3 2019, 01:36 AM
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#1
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Junior Member
818 posts Joined: Jul 2019 
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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 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, 11:00 AM
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#2
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Junior Member
818 posts Joined: Jul 2019
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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 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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