QUOTE(tohca @ Jul 18 2024, 09:25 AM)
Not all bad boss. Got some good also la. Owning a residential unit in a lot with commercial land title may be beneficial too in the long run. If the area booms and demand for commercial property rises (ex.. need for hotels or similar) then one may profit from price appreciation.
In the short term, owning a residential unit in a commercial area may benefit (because of location) in terms of rental returns if one is not staying there. If one stays there, then the convenience is of value too.
With respect to Serasi, with about 1500 units, each owners share of the cost of maintaining the common area should be quite low relative to the benefits. I like Serasi becuase of the location, the design, the facilities and also the plot area which is around 7 acres. 1500 units in a 7 acres land is not too bad.
Of course not all bad.
Just wanted to highlight it as i think many are not aware that the common area remains at commercial rate and also attracts ICPT Surcharge which varies every 6 months.
Have to know what you are getting into when buying a mix commercial development bcos the commercial element is uncertain.
the commercial element can also fail and the place becomes run down which can affect the residential property values. e.g. rhythm avenue
Like my boss use to say, Got pros, sure got cons...
For Serasi, i believe the commercial shoplots are sold to individuals.
Not sure if developer keeps any units but this means there is little control on the tenant types or mix.
And Serasi is part of PH Sentral which will have more development upcoming.
The commercial in PH is very slow. Only in recent years things start to pick up a bit especially the front row Onking area and the Glades with Jibby, Starbucks etc
Not sure if adding more shoplots from Serasi will bring the place up or make it worse but honestly, i won't hold my breath.
If you looking at mix development, i would suggest SJCC in SS16.
That area has more potential and it's proximity to SS15 allows it to attract spill over from SS15 commercial activities (Try looking for a parking around SS15 / 14).
Of course pricing wise will be higher but so is the potential. Just need to hunt for good values like a Predator.