Hello! For those who are unfamiliar, Eco Galleria is like a shopping centre but every individual unit is privately own. Not sure whats the actual word for such concept.
They're 2 in JB now, eco galleria and eco palladium. weekends are full, occupancy rate is like maybe 40% after 4-5 years of completion as of now.

i've been renting a unit here for 2 years. As business is picking up good, we're thinking of buying because:
1. we are staying at this area ( our house is also just 3mins away from here).
2. kids school is also just 1min away from here
3. business is very stable and we wanna get a unit and we can put in more money into the reno and stuff.

But i've always been wary about such commercial projects in MY, such a shoplots in Condo projects, or shoplots in such semi-shopping centre thing. Always see them half-dead or in the end always up in lelong. usually if one day u wanna sell, its impossible to sell.

What are your takes in such projects? Thank you in advance for putting your input here!

How much is the unit price?

Occupancy rate 40%?

Weekend are full as in shopper visiting the 40% shops?

what type of business you doing? Do you need crowds or those appointment basis?

all in all, if you don't see yourself moving to another place and the rental vs installment are not huge difference, since is for business use you should buy.

weekends are full as in eco host weekly events to keep the place alive. Ground floor usually the restaurants, clothes boutiques etc, im on the 4th floor which i run a 80% Online business, 20% appointment only. my floors are usually filled with law firms, production company etc.

they're around 700-900 sq ft per unit for the top floors. i havent really asked deep into the selling prices but for my current 700sq ft unit im renting, monthly rental is 1.7k.
Installment i heard from the landlord is around 1.8k at current interest rates, but including maintenance fee of 200+, it cound be around 2k+ of commitment per month.

hi boss

finally station kat jaybee already ar?

in normal cases, if you are using it as ur own, no harm buying it if u think u will be long term there

buying properties in jaybee now bit over priced, if u gotten it during few years back, the price at palladium or galleria was still ok, especially palladium

personally if you want capital gains for such places, I think for jaybee still quite susah, palladium crowd seems to be much much lesser compare to MCO, somehow layout as such dont work here
sooner or later will face maintenance funds issue, most ppl dont have the habit here to pay it

shopping centre in jaybee which sell units type (best world, kemayan city, capital mall etc) most of it mati, only those purely rent by developer one can survive

Since your business is not really depends on crowds, its good idea use your earnings to purchase properties, as it can lower your cost in long run. only downside is the initial capital required for the purchase, if your business cash flow is healthy, i dun see the downside to buy.

the installment price looks good.