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Generally we do not recommend purchase of Serviced Apartments or variations as they come under the Classification of commercial properties. This means higher assessment, higher quit rent, higher utility rates and of course it does not come under the ambit of the Housing Developers Act which reduces your legal recourse in event of any contractual matters. More over, using a commercial property for residential purposes is against the National Land Code and as such, DBKL has also freezed the development of serviced residences.


A very important factor as fancy layouts and IDs might get dated very quickly and might not last. Go for layouts and finishes that are tested over time or even development that use great Architects


A good review of the developer's track record and also financial capacity is important.


(In our case, we measure it as 5 minutes walk from Suria KLCC). Views are important but more importantly isthat the development is physically accessible in the shortest walking time. I think this, together with product (i.e. layouts and finishes) are the most crucial elements in your decision making.


Pricing that allows you to ride the wave and not pricing that is already reflective of any capital appreciation. We generally think that prices would indeed reach the RM1000psf mark but developers who are pricing it above RM800psf are already taking the cream with the development. Pricing is crucial as well.





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