| View previous topic :: View next topic |
| Author |
Message |
mpca
Joined: 11 May 2009
Posts: 48
|
 Posted: Sun Dec 20, 2009 7:02 pm Post subject: Seri Cempaka Service Suite |
 |
|
| Would appreciate some feedback/comments from those who invested in these service suites..what capital appreciation did you get? Potential for rental? Rental rate? Potential type of tenants, are they expats? locals? Pros and cons of investing in a unit? Thanks, people! |
|
| Back to top |
|
 |
spr
Joined: 04 Aug 2009
Posts: 33
|
| Posted: Mon Dec 21, 2009 11:01 am Post subject: |
|
|
wouldn't touch it, if I were you. Know at least 2 owners who regret this investment...  and one of them is myself... |
|
| Back to top |
|
|
Daryl Teo
Joined: 09 Feb 2008
Posts: 4139
|
| Posted: Mon Dec 21, 2009 11:08 am Post subject: |
|
|
| spr wrote: | | wouldn't touch it, if I were you. Know at least 2 owners who regret this investment... and one of them is myself... |
Pls share your grief with us! Group hug. 
_________________
Buy land, they're not making it anymore.
Mark Twain |
|
| Back to top |
|
|
spr
Joined: 04 Aug 2009
Posts: 33
|
| Posted: Mon Dec 21, 2009 11:13 am Post subject: |
|
|
| poor cap appreciation, attracts only short-term tenancies due to hotel type accomodation, only person making money is the operator...Cempaka |
|
| Back to top |
|
|
rollsroyce
Joined: 20 Oct 2006
Posts: 910
Location: Dagobah System
|
| Posted: Tue Dec 22, 2009 11:43 pm Post subject: |
|
|
| spr wrote: | | wouldn't touch it, if I were you. Know at least 2 owners who regret this investment... and one of them is myself... |
I'm not surprised. You have a proven track record of losing money in your property investments 
..realestate.net.my/forum/viewtopic.php?p=166067#166067
_________________
Thank you for training me. |
|
| Back to top |
|
|
spr
Joined: 04 Aug 2009
Posts: 33
|
| Posted: Wed Dec 23, 2009 8:10 am Post subject: |
|
|
sounds like a frustrated old cock trying to peddle ice-cream to schoolkids...and failing miserably...
maybe if i was a paid subscriber to a dinosaur database called transfield.com, i would have seen monumental profits... 
btw, try to sift between the truths and half-truths RR...you are more amateur than i anticipated... |
|
| Back to top |
|
|
rollsroyce
Joined: 20 Oct 2006
Posts: 910
Location: Dagobah System
|
| Posted: Wed Dec 23, 2009 8:52 am Post subject: |
|
|
| spr wrote: | sounds like a frustrated old cock trying to peddle ice-cream to schoolkids...and failing miserably...
maybe if i was a paid subscriber to a dinosaur database called transfield.com, i would have seen monumental profits...
btw, try to sift between the truths and half-truths RR...you are more amateur than i anticipated... |
So how come you lost money in Seri Cempaka?
The blind leading the blind, again
_________________
Thank you for training me. |
|
| Back to top |
|
|
EdwinLing
Joined: 29 Jun 2006
Posts: 20
Location: KL
|
| Posted: Tue Feb 09, 2010 10:43 am Post subject: |
|
|
| spr wrote: | | wouldn't touch it, if I were you. Know at least 2 owners who regret this investment... and one of them is myself... |
Hi.. Seem like Sri Cempaka is a lousy investment. May I know how much you bought it for? And how big it is? Pls share all your bad experience. |
|
| Back to top |
|
|
eijilee
Joined: 25 Oct 2007
Posts: 650
|
| Posted: Wed Feb 10, 2010 6:06 pm Post subject: |
|
|
| EdwinLing wrote: | | spr wrote: | | wouldn't touch it, if I were you. Know at least 2 owners who regret this investment... and one of them is myself... |
Hi.. Seem like Sri Cempaka is a lousy investment. May I know how much you bought it for? And how big it is? Pls share all your bad experience. |
Service Suites is actually not working in Jiulai Maluri area.... another good example is Pertama Residency. The occupancy is still very low since it is VP last year November. D'alamanda service suite also take more than 1 year just to achieve 50-60% occupancy rate... unlike those standard units which have better demand.
_________________
Cheap things are never good and good things are never cheap! |
|
| Back to top |
|
|
ysmn
Joined: 19 Sep 2006
Posts: 3079
Location: Terris
|
| Posted: Wed Feb 10, 2010 7:43 pm Post subject: |
|
|
| eijilee wrote: | | EdwinLing wrote: | | spr wrote: | | wouldn't touch it, if I were you. Know at least 2 owners who regret this investment... and one of them is myself... |
Hi.. Seem like Sri Cempaka is a lousy investment. May I know how much you bought it for? And how big it is? Pls share all your bad experience. |
Service Suites is actually not working in Jiulai Maluri area.... another good example is Pertama Residency. The occupancy is still very low since it is VP last year November. D'alamanda service suite also take more than 1 year just to achieve 50-60% occupancy rate... unlike those standard units which have better demand. |
Ah, the missing key factor which until today no one has mentioned in this forum.
_________________
Kind regards, ysmn |
|
| Back to top |
|
|
eijilee
Joined: 25 Oct 2007
Posts: 650
|
| Posted: Thu Feb 11, 2010 1:00 pm Post subject: |
|
|
| ysmn wrote: |
Ah, the missing key factor which until today no one has mentioned in this forum. |
Mind to share with us the missing key factor as mentioned?
_________________
Cheap things are never good and good things are never cheap! |
|
| Back to top |
|
|
Daryl Teo
Joined: 09 Feb 2008
Posts: 4139
|
| Posted: Thu Feb 11, 2010 1:03 pm Post subject: |
|
|
| eijilee wrote: | | ysmn wrote: |
Ah, the missing key factor which until today no one has mentioned in this forum. |
Mind to share with us the missing key factor as mentioned? |
Yes pray enlighten us mortals!
_________________
Buy land, they're not making it anymore.
Mark Twain |
|
| Back to top |
|
|
EdwinLing
Joined: 29 Jun 2006
Posts: 20
Location: KL
|
| Posted: Sun Feb 21, 2010 1:10 pm Post subject: |
|
|
| I find the location is not bad. Next to LRT, Jusco, large park, near City Centre, etc.... I really wonder why Sri Cempaka and Pertama Residency is not a good buy? |
|
| Back to top |
|
|
Daryl Teo
Joined: 09 Feb 2008
Posts: 4139
|
| Posted: Sun Feb 21, 2010 4:42 pm Post subject: |
|
|
| EdwinLing wrote: | | I find the location is not bad. Next to LRT, Jusco, large park, near City Centre, etc.... I really wonder why Sri Cempaka and Pertama Residency is not a good buy? |
Missing factor is the 'feel good factor' in real estate; the missing mid-high income bracket or demographics necessary to sustain high rents & caps!
_________________
Buy land, they're not making it anymore.
Mark Twain |
|
| Back to top |
|
|
ysmn
Joined: 19 Sep 2006
Posts: 3079
Location: Terris
|
| Posted: Sun Feb 21, 2010 6:18 pm Post subject: |
|
|
| Daryl Teo wrote: | | EdwinLing wrote: | | I find the location is not bad. Next to LRT, Jusco, large park, near City Centre, etc.... I really wonder why Sri Cempaka and Pertama Residency is not a good buy? |
Missing factor is the 'feel good factor' in real estate; the missing mid-high income bracket or demographics necessary to sustain high rents & caps! |
You are getting close, but not quite there yet.
_________________
Kind regards, ysmn |
|
| Back to top |
|
|
Daryl Teo
Joined: 09 Feb 2008
Posts: 4139
|
| Posted: Sun Feb 21, 2010 6:55 pm Post subject: |
|
|
Pls add the expat factor into the equation as well for small service suites. Locals seldom pay high rent premiums for small studios out of their own pockets, unless paid for by companies.
_________________
Buy land, they're not making it anymore.
Mark Twain |
|
| Back to top |
|
|
ysmn
Joined: 19 Sep 2006
Posts: 3079
Location: Terris
|
| Posted: Sun Feb 21, 2010 7:51 pm Post subject: |
|
|
| Daryl Teo wrote: | | Pls add the expat factor into the equation as well for small service suites. Locals seldom pay high rent premiums for small studios out of their own pockets, unless paid for by companies. |
Request that you cease getting any closer. Boleh?
_________________
Kind regards, ysmn |
|
| Back to top |
|
|
Daryl Teo
Joined: 09 Feb 2008
Posts: 4139
|
| Posted: Mon Feb 22, 2010 1:09 am Post subject: |
|
|
| ysmn wrote: | | Daryl Teo wrote: | | Pls add the expat factor into the equation as well for small service suites. Locals seldom pay high rent premiums for small studios out of their own pockets, unless paid for by companies. |
Request that you cease getting any closer. Boleh? |
heh heh heh
What else do u need? A hawt bikini clad jew?
_________________
Buy land, they're not making it anymore.
Mark Twain |
|
| Back to top |
|
|
EdwinLing
Joined: 29 Jun 2006
Posts: 20
Location: KL
|
| Posted: Wed Feb 24, 2010 6:06 pm Post subject: |
|
|
ysmn is enlighten us that is the missing key factor for the failure of Sri Cempaka (PGRM) service suite for investment proposes?
RM180k for a KLCC unit with tenancy of RM1500 seems good to me... Correct?[/quote] |
|
| Back to top |
|
|
ysmn
Joined: 19 Sep 2006
Posts: 3079
Location: Terris
|
| Posted: Wed Feb 24, 2010 7:40 pm Post subject: |
|
|
| EdwinLing wrote: | ysmn is enlighten us that is the missing key factor for the failure of Sri Cempaka (PGRM) service suite for investment proposes?
RM180k for a KLCC unit with tenancy of RM1500 seems good to me... Correct? |
[/quote]You are right. It is good.
_________________
Kind regards, ysmn |
|
| Back to top |
|
|
eijilee
Joined: 25 Oct 2007
Posts: 650
|
| Posted: Mon Mar 01, 2010 3:34 pm Post subject: |
|
|
| ysmn wrote: | | EdwinLing wrote: | ysmn is enlighten us that is the missing key factor for the failure of Sri Cempaka (PGRM) service suite for investment proposes?
RM180k for a KLCC unit with tenancy of RM1500 seems good to me... Correct? |
You are right. It is good. |
I understand Sri Cempaka is operated like hotel? No?
_________________
Cheap things are never good and good things are never cheap! |
|
| Back to top |
|
|
EdwinLing
Joined: 29 Jun 2006
Posts: 20
Location: KL
|
| Posted: Tue Mar 02, 2010 10:27 am Post subject: |
|
|
Yeah. It operates like a hotel. Most units there are used as hotels.
I would think it is similair as 10 Semantan Suites and Holiday Villa concept. Most units are hotels but there are some private owners too.
Please correct me if i am wrong... |
|
| Back to top |
|
|
eijilee
Joined: 25 Oct 2007
Posts: 650
|
| Posted: Tue Mar 02, 2010 4:28 pm Post subject: |
|
|
| EdwinLing wrote: | ysmn is enlighten us that is the missing key factor for the failure of Sri Cempaka (PGRM) service suite for investment proposes?
RM180k for a KLCC unit with tenancy of RM1500 seems good to me... Correct? |
[/quote]
Pertama Residence asking >250K but rental only around 1.5K.
_________________
Cheap things are never good and good things are never cheap! |
|
| Back to top |
|
|
eijilee
Joined: 25 Oct 2007
Posts: 650
|
| Posted: Tue Mar 02, 2010 4:31 pm Post subject: |
|
|
| EdwinLing wrote: | Yeah. It operates like a hotel. Most units there are used as hotels.
I would think it is similair as 10 Semantan Suites and Holiday Villa concept. Most units are hotels but there are some private owners too.
Please correct me if i am wrong... |
You are right.
So where do you find out "RM180k for a KLCC unit with tenancy of RM1500"?
_________________
Cheap things are never good and good things are never cheap! |
|
| Back to top |
|
|
glenda88
Joined: 08 Oct 2008
Posts: 46
|
| Posted: Wed Mar 03, 2010 9:13 am Post subject: |
|
|
I find the accupancy rate in Pertama Residency is not too bad. It increase slowly. The one empty are mainly coz the owner doesn't wanna rent out or waiting to sell it. I find it is easy to rent out though. I have a unit there and it rented out within 2 weeks I got the key. It is consider really fast compare to other properties that I have.
Even D'Alamanda is fetching very good rental return now. Rm1500 for a 2 bedroom apartment.
I just think that the Sri Cempaka's concept just don't work in that Maluri area. If it is for long term rental, I think it will work better. |
|
| Back to top |
|
|
|
FAQ
Search
Usergroups
Register
Profile
Log in to check your private messages
Log in
