Sep 17 2024, 10:04 AM
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!
hi bossThey'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!
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
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