Exsim New Project beside Avenue K

Developer: Exsim
Tenure: Freehold
Land area : 0.3769 acres
Total unit: 346 units
Sizes:
323 sqft (Studio) Non-HDA. Partially Furnished
Level 6 to 20

484 sqft (2 rooms) HDA. Partially Furnished
Level 21 to 33A

657 sqft (Dual key) HDA. Fully Furnished
Level 21 to 33A

Sky Lounge & Facilities, Level 35
Sky Gym & Sky Pool, Level 36

5 Lift + 1 Service Lift


https://goo.gl/maps/Cs8cvZtBf1Qtx2LB6


Note: de King Boutique Hotel KLCC (3 star boutique hotel) right beside.


Updated info as of 22 September 2023.



This post has been edited by titanmelvin: Sep 22 2023, 06:09 PM

the daily room rate from Corrus hotel only 200++ per night, can this new one make it better than Corrus?

Why not? Newer, taller, with rooftop swimming pool

Woah excited to see the architecture of the building on 0.38 acres of land. Mind blowing.

Just a rather small piece of land less than one acre also can build nowadays.

is less than half an acre
impressive

Yes. Couldn’t imagine how the lobby gonna be.

It’s just a really tight spot. I couldnt imagine the congestion after it’s completed.

no different, is already congested now, more 300 over unit doesn't really make a difference in klcc area, ppl still take lrt more if it is just next to avenue k
but still location is good

And price is RM2k per sqft

Those who are cash rich and strong holding power can buy la.
Those not much cash and brain wash by property guru or agent can consider stay away.
Parking and see.

Is this Hugoz? Or something else?

Parking for more info

something else, very close to avenue K

based on the info above, 323sf studio at 2k psf, price is about close to 700k, installment wise about 3k per month excluding maintenance fees, which I doubt will provide a carpark for the smallest unit.

however location wise definitely much better than hugoz, as it is only about 300+ units, not that high competition compared to hugoz.

Summore just directly next to Avenue K, even many hotel also not as close as this project to KLCC, securing tenant for airbnb basically not an issue, you can even expect occupancy rate of at least 85% during non peak season. (walk in asking will be a lot)

however expect maintenance fee will be high, maybe including installment about 3200, given only rent out RM200 per night for 85%, still can expect some return after deduct airbnb fees. (btw i think RM200 per night for this area is quite low already)

the only issue is you need to fork out more for downpayment as I heard not able to get 90% loan

Cheapest around RM697k after discount.

Sorry im gonna give it a skip.

Good luck investing. Cheers.

yup, study carefully, do your own diligence, go in with your own risk.

There is no right or wrong for investment, just end up seeing your own preferences.

Yup, don't be fool by the agent

Automated Car Parking System for this project.


Bigger units like 484 sqft (2 rooms) and 657 sqft (Dual key) are under HDA, so can get better loan margin / lower down payment for those.

This post has been edited by titanmelvin: Jun 16 2023, 07:20 PM

even HDA also not 90% for this project right?

Info not confirmed yet, but as of now available info is up to 85% of SPA price for HDA. Will update here once info is confirmed.

This was previously a car park where I usually park during my 9-5 works in Maxis tower ....

It is just across a road to AVENUE K...... Superb strategic location....

bbb?

If the unit managed well as an AIRBNB, can gain some positive income for investment wise.

No idea....

other site i not sure, this 1 confirm can
even if online booking not fulfilled, surely will have walk in asking for room

look like good investment

More than half pre-booked already so far

Anyone booked? Location wise good but price also very good haha

Freehold, KLCC, walking distance to malls, offices, attractions, LRT

sure the price very good lor

Prime location sure need pay premium.
Janji pocket thick enough to cover for the cost.

What's the price per sf like?

if not mistaken, over 2k psf.

Buy for rental ok la, but for resell maybe hard. But who knows, maybe after 10 years shoot up to 3000 per sqft

323sqft RM678k
550sqft RM1.1 mil
650 sqft RM1.3 mil

Any rebates?

Fully furnished?

Fully Furnished is only for 657 sqft Dual key. 323 sqft Studio and 484 sqft 2 rooms are Partly Furnished.

Difference is Fully Furnished gets:

1) Room Desk with Chair
2) Queen Size Mattress including Bed Frame
3) Side Table with Table Lamp
4) SMART TV (2 sets)
5) Not required to pay for renovation fees for Hospitality Management program (this info is for Hugoz so might change)

why this project can be HDA and non HDA ?

if investment strategy is only for AirBnB, better think twice... look at what happen to Penang...

anyone can share the layout and full package for each type?

You should check out the rental prices for Scarletz Suites

https://www.propertyguru.com.my/property-fo...ty-centre-13255

The price considerably decent. Yes the unit is quite small but it is prime location

The 3 star boutique hotel just beside, without pool.

you got buy hugoz or exsim project ke?
this so good deal, don't miss it

I'm buying as well as selling this project

Tomorrow select unit. Planning to get Studio 323 sqft

This post has been edited by titanmelvin: Jun 23 2023, 07:37 PM

sure many IQI agent buying haha, anyway if can afford is a good location and good deal

No wonder la... Sure got Lelong units right after VPed

if able to cover installment then won't have lelong le
see how many months they can hold on until is ready to rent out as airbnb

Next Tuesday will be able to select units. Today is for priority early booking unit selection

when too many agents buy...must be very aware...cos they will get special rebates from developer... so as lone investor...how to fight with them when VPed....they can sell and rent at very below from market price...

I don't think many from IQI are buying this project. As far as I know, no one from my team is buying, except me. Agent buy also got no special discount, just the comm. Anyway this project's down payment will be higher compared to other projects, those that buy have holding power. Furthermore, only 346 units for this project.

Better be quick!

KLCC view are all booked. Wanna queue or book can pm me!

is the foundation strong enough for a building like this?

Big and deep enough will not have problem.

They definitely will make it strong enough la.haha

Yeah its really interesting because there's an short term stay operator that's helping you rent out the property for a decent amount of years, and they don't just advertise on a single platform, so potentially can get better occupancy rate

Mana Mana Hospitality

This project have name:KYLIEZ SUITEZ, haha can change the topic title to easy classify the thread. haha (just suggestion)

woo this is a good financial report to show how good exsim project at airbnb. But since exsim is selling their own project and this report is prepared by themselve. people may doubt about the reality. Maybe its only take the most success unit (most profitable rented unit) show at report for sale boost purposed, How about the lowest rented unit situation? As Expressionz, Ceylonz, even Scarletz newly vp got 2 unit lelong.

Of course every project have lelong due to owner personal financing planing, but if this project is constantly profitable, i will let my other debt or assest (maybe car or other property) to be lelong other than this profit asset.

Sometimes, it is not up to us to decide which one to lelong, if the debts is huge, almost or all properties will get to be lelong-ed.

Update the name per your suggestion.


Lelong for Scarletz last month

This unit should be around RM700k gross. Rebate was 12% I think.
Around RM616k net.

exsim project many agents bought...

Why can't I find project Kyliez in Exsim website?

Apdl belum lagi kot

Hugoz as well

Ya… one of their project all sold baru got apdl at damansara… so its very normal i suppose

Any idea studio unit given carpark ?

No car park lot given with the unit, just like Scarletz and Hugoz. I heard it will be automated parking system too

Parking dulu

Those analysis is not yet deduct cost...

Already deducted all costs, except for maintenance fee + sinking fund.

I think already fully booked. Only can wait for loan release. Downpayment not cheap as discount given not a lot I think. And also cannot get 90 percent loan, correct me if I'm wrong

Non-HDA units cannot get 90% because considered commercial use property.

Under HDA, depends on bank, if they consider as overpriced they might put a cap on the margin.

Is it true, kyliez non of the unit went for loan application yet cause developer is still fighting for 90 percent loan?

I wonder if the question was ever asked what if Airbnb is restricted or outright banned. Then how do these returns work? People it’s not 2018. Go in with your eyes open.

Yup. End financing with the banks are still in the process of being finalized, so the loan margin and details could still change.

Guess selling price over market value and bank valuation cannot meet. If cannot get 90-100%, that could be a challenge to this project.

This post has been edited by camspirit: Sep 21 2023, 05:36 PM

look at Penang. Between, anyone from Penang can share the actual situation.

Got 2 banks just approved the loans for this project today. Can get up to 90% for HDA units

Other banks still pending

got APDL already?

Latest update, so far got 3 banks finalized the loan details for this project. Can get up to 90% loan for HDA, 85% loan for non-HDA.

Every property developer in Malaysia should operate with an Advertising Permit and Developer’s Licence (APDL). If they’re not, they aren’t legit!
An advertisement by a property developer should include the APDL. This APDL will reveal a validity date that should apply to the project, confirming it has been given permission by the Ministry.

Information from property guru

Congratulations to all Kyliez Owner. So can start apply loan already. Have Hugoz already all SPA signed? Anyone have news on this?

With the news of airbnb Ban in Penang, and possibly announce nationwide, won't this investment be risky?

Indeed… many uncertainty and risk is relatively high… refer to below link for your information.


https://www.freemalaysiatoday.com/category/...ing-considered/

This post has been edited by camspirit: Sep 26 2023, 11:04 PM

Went Avenue K for lunch but did not see any construction activity yet. Anyone know how’s the sales so far? SPA signed?

If this is true mati lah all the ones in BB and KLCC

For kyliez i dont see the problem if its is commercial soho / office lot suite. Because rumor this kind of property was required purchaser to sign DMC allow operator to do airbnb. And this condo was market with airbnb direction, purchaser are aiming to do airbnb then only buy this project.

The article said "work out rules for short-term rented accommodation." Mean its like allowed to do, but with regulation which is good.

Compare to people doing it without regulated.

I think this project ADPL not yet ready, so the construction not start yet. Same without adpl, spa not ready to sign.

is it exsim project only Power Home and IQI sell ?

For Kyliez temporarily can't book anymore. Too many on waiting list already.

Can have a look at the latest project, Branniganz Suites @ Bukit Bintang

icic, today I have contact to power home agent

Can pm me if interested to share referral fees

APDL ready?

Not ready yet

For Airbnb business, still can operate at the property as long as it is commercial and JMB has majority vote to go for Airbnb.

whether government will impose new rules ie tax, that could happen in future.

This post has been edited by fishfirst: Dec 17 2023, 05:36 PM

This post has been edited by brandonkl: Feb 22 2024, 11:29 PM

WHY SOMEONE MENTIONED CANT BOOK ANY MORE as too many on waiting list, but still got advertisement ?