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House on commercial land

 
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mark0411



Joined: 10 May 2008
Posts: 11
PostPosted: Wed Jul 16, 2008 11:20 pm    Post subject: House on commercial land Reply with quote
I'm planning to buy an apartment around Selayang. I discovered that the apartment is going to be built on a commercial land. Any disadvantage if an apartment or a house is built on a commercial land?
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lizard



Joined: 24 Dec 2007
Posts: 81
Location: Cheras
PostPosted: Tue Jul 22, 2008 12:28 pm    Post subject: Reply with quote
Utilities, Assessment fee, quit rent all based on commercial rate, for eg, electricity will based on 26% commercial rate rather than residential rate.

Assessment will be very high, for eg, 1000 sf will be around RM1000/- depend on location and estimated rental.
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youbetcha1018



Joined: 12 Sep 2008
Posts: 55
PostPosted: Fri Sep 19, 2008 10:36 pm    Post subject: Reply with quote
lizard wrote:
Utilities, Assessment fee, quit rent all based on commercial rate, for eg, electricity will based on 26% commercial rate rather than residential rate.

Assessment will be very high, for eg, 1000 sf will be around RM1000/- depend on location and estimated rental.


I couldn't agree more. Since a commercial land is high on value. You can benefit and profit good from it. Good luck!
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World IR



Joined: 17 Dec 2007
Posts: 285
PostPosted: Thu Oct 02, 2008 7:20 pm    Post subject: Reply with quote
wow... can turn to part commerical part residence shophouse ?

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erikko



Joined: 09 Jul 2008
Posts: 29
PostPosted: Fri Oct 03, 2008 3:01 pm    Post subject: Reply with quote
which is much cheaper, commercial house or the residential one?
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