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 PUTRA HEIGHTS SENTRAL Serasi Residences, Service Apartment Mampu Milik

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tohca
post Jul 16 2024, 03:43 PM

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QUOTE(Grimoire @ Jul 16 2024, 10:18 AM)
no. pay to jmb
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Both TNB and Air Selangor already in individual owners names and they will be installing individual meters, thus payment direct to TNB and Air Selangor. JMB should not be involved here.
tohca
post Jul 17 2024, 09:33 AM

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If I am not mistaken, the water and electricity of residential units will be based on domestic and not commercial rates. Only the common areas will based on commercial rates. If the rates of residential units are charged commercial rates, JMB can apply /appeal for conversion of these residential units to residential rates. Please correct me if I'm wrong.
tohca
post Jul 17 2024, 01:20 PM

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QUOTE(ken_zie @ Jul 17 2024, 11:42 AM)
I’m currently renting a service apartment type of property. Grimoire is right. Out TNB account had been converted to residential but, water is following commercial rate and it is paid to JMB. Our water bill can range between RM25 - RM33 per month for 3-person usage.
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That is because your JMB have not applied to Air Selangor to convert to residential rates. It is still using bulk (pukal) rate which is based on commercial rates. Once approved by Air Selangor, all owners of parcel must individually apply (fill up an application form from Air Selangor) and pay a deposit to Air Selangor. Air Sel will then replace the current water meter to Air Sel's own water meters. This whole process is quite time consuming. May take a few years to complete. I know this first hand as my condo, which sits on a commercial land title, applied to convert the residential units to domestic rates. The process started about 4 years ago and only "completed" last year. "Completed" as many owners (almost half) have not bothered to submit the application form to Air Sel. Those that have submitted are now enjoying residential rates and pay directly to Air Sel, no longer need to pay to JMB.

Same applies to Tenaga too. We are all enjoying residential rates for the residential units, even though our land is still commercial.
tohca
post Jul 17 2024, 10:42 PM

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QUOTE(Longshot @ Jul 17 2024, 01:40 PM)
What about the common areas?
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Common areas will remain on commercial rates, as mentioned earlier. Only residential units may apply for residential rates.
tohca
post Jul 17 2024, 10:47 PM

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QUOTE(Longshot @ Jul 17 2024, 01:40 PM)
Boss,

I think the conversion of individual unit to resi rate is not the main concern.
For a mixed development, I would be more concerned about the rates for the common areas like facilities deck, car parks, streets lights etc.

Any MC will know that TNB electric expenses is one of the largest expense if not the largest.
With the recent revise of ICPT surcharge reduction of only 1 cent, expect electric cost to stay elevated and this will impact unit owners indirectly thru the maintenance fee revision.
If collection is poor, this will make matters worse.
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Very true, the biggest expense for a condo is usually the tenaga bill. A big chunk of the maintenance fees goes to tenaga.
tohca
post Jul 18 2024, 07:46 AM

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QUOTE(Longshot @ Jul 18 2024, 06:30 AM)
Thank you for your confirmation.
Any attempt to appeal this with tnb?
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No, cause the land title still under commercial. But there has been discussion on applying to convert the land title to residential, but cakap only la, no action taken to date. Will be a big savings though if under residential title. Both water and electricity bills for the common areas are pritty high. However, Air Sel has already given us quite a bit of rebate even before we were allowed to apply for individual Air Sel water meters.

This post has been edited by tohca: Jul 18 2024, 07:49 AM
tohca
post Jul 18 2024, 09:25 AM

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QUOTE(Longshot @ Jul 18 2024, 08:34 AM)
Thank again for sharing boss.
Much appreciate it

With this, the main point I wish to highlight for buyers of commercial title unit is the needs to understand that conversion of Ur unit utilities to residential rate is only solving half the problem. The common areas that you also own thru share units remains at commercial rate and you can't convert that to residential rates, well at least for now.

And a big thank you to boss tohca for sharing his experience 👍👍
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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.
tohca
post Jul 18 2024, 09:27 AM

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QUOTE(Grimoire @ Jul 18 2024, 09:03 AM)
there is no use converting land just for the common area to be using resi rates. resi rates max at 57cents while commie rate max at 51cents.
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You have a point there.
tohca
post Jul 18 2024, 04:39 PM

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QUOTE(Longshot @ Jul 18 2024, 11:53 AM)
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.
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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.
tohca
post Aug 13 2024, 03:27 PM

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QUOTE(pooh88 @ Aug 13 2024, 01:27 PM)
Bossku thanks for the update. bruce.gif  rclxms.gif  rclxs0.gif
The swimming pool look awesome,hope I can use this facility soon.  sweat.gif  whistling.gif  shakehead.gif
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Yes, the pool sure looks good. Looking forward to use the pool too.
tohca
post Nov 10 2024, 07:47 AM

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QUOTE(BRE @ Nov 9 2024, 05:51 PM)
I think indoor, something like main place, small mall
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Ya small mall if properly managed will be a good addition to PH.
tohca
post Dec 22 2024, 10:53 AM

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QUOTE(BRE @ Dec 21 2024, 03:17 PM)
Tarring jln putra indera 5, nxt phs phase launching nxt year
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What's included in the next phase?
tohca
post Dec 25 2024, 01:08 PM

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QUOTE(BRE @ Dec 25 2024, 12:24 PM)
Service apmt also
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Also by SDarby?
tohca
post Dec 26 2024, 02:05 PM

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QUOTE(BRE @ Dec 25 2024, 02:08 PM)
Yes, its near Elite hway
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Nice. So this will probably help to reduce /block the trafic noise from the highway when the building is up. The whole area is shaping up nicely. Some new paved roads around Serasi already done. Lots of areas to do hill sprint (HIIT) intervals.
tohca
post Dec 31 2024, 10:35 AM

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I'm quite happy with the level of commercial activity there as it is. Very suitable tor a peaceful and less stressful life.
tohca
post Jan 4 2025, 07:26 AM

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QUOTE(BRE @ Jan 1 2025, 03:28 PM)
Personal preference- you want hectic n busy taipan commercial activities or ph's less busy n hectic activities.

10 more shops otw in serasi, so getting busier😬
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10 new shophouses where an estimated 5000 people live should have a good chance to do well. That will in turn attract people from the surrounding areas to also frequent. I guess it will get busy enough. As long as the shophouses do well it will be good for Serasi and PH.
tohca
post Jan 5 2025, 09:55 AM

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QUOTE(BRE @ Jan 4 2025, 10:55 AM)
With ph sentral n damayan otw, ph will get more crowded. I like that ph has a lrt hub with both kj n sp lines, convenient for ppl who dont want to drive. Just hoping d drt will come to ph soon
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What's drt?
tohca
post Jan 9 2025, 10:37 AM

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QUOTE(rayeonlee @ Jan 6 2025, 01:11 PM)
besides difference in no. parking and samm title, will we see a difference in the material used?
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user posted image

Hope this helps. Not much difference in materials used.
tohca
post Jan 13 2025, 12:52 PM

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QUOTE(cloudstrife07 @ Jan 13 2025, 10:47 AM)
Any tentative time for VP? Still jan 2026 or earlier?
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Wow so early. I thought it was 2027 or 2028.
tohca
post Jan 14 2025, 08:34 AM

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QUOTE(BRE @ Jan 13 2025, 10:15 PM)
Need to ask eric kor
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I think he said construction will complete by end of this year, but vp may not be so soon. I think Maya Ara also have vp delayed quite some time.

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