Don worry, I will try to find out more information before i buy....Anyway, Thank you for you information and sharing...

Thats good news indeed...

Does the SPA 100% match a typical HDA buyers SPA like DLP, LAD etc, just wondering? Is this a newly launched project?

Any pitfalls? or is everything else the same please share

This post has been edited by aaronpang: Sep 18 2007, 09:47 AM

basically uses the standard HDA, and its not a a newly launched project. Bought it when it was 95% completed, now already 100% completed with CF

Pitfalls, will share if I encounter any. So far so good

how about the increasing price of quit rent and other bills. are they using the residential rate instead of commercial rates. most serviced apt maintenance rate is quite high also.

buy small units n u'll be fine.


The one I bought is a small studio unit

that didn't answer my question, buddy. u r implying that the rate is still under the commercial rate. r u dead sure when the bills come it does not use commercial rate? have you check with the developer?

if your property sit on commercial land, whether its under HDA or not, you are still charged commercial rates (quit rent, assessment)... the developer does not set these rates, the gov does... water and electric charges depend on how the developer negotiates with Tenaga and Syabas... some serviced apartments get residential rate electrical bills...

I didnt bother answering bcoz as per my previous post (2nd post in this thread), I've already stated it would be under commercial rate.

Sound like very difficulty for me to own a property on commerce land. Too many problem need to bear in mind.

no doubt its better to go for residential-land properties, but at the end of the day, it depends on one's investment goal. You can find very good bargains in some service apartments, plus some are excellently located, nearby city center & public transportation. Example :

Bought a service apartment studio in May for 160k. Today, monthly rental is about 1.4k p/m and selling price is about 200k +-. Am sitting on paper profit of 40k(if i decided to sell), and gross rental yield is above 10% p/a.




Now, do i mind paying slightly more for quit rent on service apartments ?
Yes (water + elec are paid by my tenant )

Will I buy another service apartment in the future despite having to pay more?
Hell yeah, if I could find another bargain deal just like above. Bottomline, the benefit far outweights the downside

where is it lah..

not many studio apartments under that price range and newly built...

let me guess... Ritz@Damansara Perdana?

Nope, its in KL city center

on a sidenote, earlier buyers of Ritz are laughing their way to the bank now, with capital gains is currently hovering at circa 40% which means their ROI after 4 years is minimum at 200% or 50% p/a anum. Not bad huh

the first thing that came into my mind was Viva Residence, Jln Ipoh... but its residential... KLCC would be way out of that price... i'll look again

interesting... what about the other condos around, Armanee Terrace, etc?

what about the ones in SS2, Casa, Ken, Ameera, upcoming Casa Suites and Tropics? any views, sifu?

im no sifulah, just learning and sharing here, just like u. And its not Viva, and I wont categorize Viva as city center condo's lah

so u r looking for a condo to buy? so why not u start by letting us know what would be your investment goal 1st? That way we can all make our reccomendations n thoughts

p/s : u can PM me if u wanna know the S.Apartment name. Dont really like the idea of publishing my property adress in a high traffic public forum.

the only answer for Serivce apartment and COndo comparing is below this linkl



COmment here please finish watching. Thanks

Video link is not working.

Agreed.... all serviced apartment is under schcedule H in HDA act... has been enforced fully... buyers will be protected under the law.the only thing in the grey area is all the SOHO,SOFO,SOVO,etc

Does this also means subsale service apartments would be exempted from GST once it kicks in? Only worry customs will review their policy and sapu service residence alltogether for GST.