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.
Well said. Very sound reasoning.
Yes, SS16 does look very potential.
Serasi will have only 10 shoplots. There are a few kindergartens /day care centres planned within the podium block. Overall it's more a residential project located in a commercial area.