QUOTE(infiniti123 @ Sep 16 2024, 10:50 PM)
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!

Occupancy rate 40%?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!

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.
Sep 17 2024, 09:27 AM

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