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Owner for ksl d'esplanade residence
- Thread starter foopiew
- Start date
- Joined
- Oct 22, 2012
- Messages
- 170
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Hi freedom2005sg,the swimming pool is nice to look at but extremely cold,I dont stay ksl but my place there damn cold,I always tell myself it's good for the body but.....,think better go get a wetsuit bah haha...
http://www.wikihow.com/Swim-in-Cold-Water
The above doesnt work for me,I just plunge into the water and bite the bullet.
http://www.wikihow.com/Swim-in-Cold-Water
The above doesnt work for me,I just plunge into the water and bite the bullet.
- Joined
- Apr 13, 2011
- Messages
- 298
- Points
- 18
Hi, just received the propert tax letter. Yes, 0.27%.
Have u checked with the KSL office?
Thanks.
Have u checked with the KSL office?
Thanks.
There was a discussion in this forum about the topic on commercial versus residential titled properties 
The rise of serviced apartments
Posted on 27 January 2012 - 09:48am
Hidden cost
Besides commercial land costs usually being priced higher, properties on commercial titles require owners to pay peak energy, water and sewerage rates as well as quit rent and assessment charges.
"This is an abuse of the word 'serviced apartment'," opines MBPJ councillor Derek Fernandez. "The homeowner must understand the original concept was like with Micasa in KL. It's a commercially run operation. Serviced apartments are paying a premium for the commerciability of places like this. So people should be very hesitant to buy this."
"The buyer is paying property taxes which are normally double those of residential taxes," adds Rehda president Datuk Seri Michael Yam. "Your water price is the same price as the one the Pappa Rich operator pays. The electricity rate is double, and the deposits they take from you are also higher."
Of course, this misnomer can also be very confusing. One Indonesian investor looking for serviced apartments in Bukit Ceylon was disappointed to find at a launch last year that the units being touted as serviced apartments were not much more than "a standard block of condominiums", as he described them later.
"There's no management, rental return, housekeeping services or security policy. It wasn't fully furnished either. I think this is misrepresentation."
In fact, more and more property types are being ambiguously marketed as both residential and commercial, with titles such as SOHO (small office, home office), SOVO (small office, versatile office), SOFO (small office, flexible office), lifestyle suites, serviced residences and serviced suites, among others. Many of these projects' brochures depict young working professionals in suits toting briefcases, next to images of double beds, saunas, barbeque areas and jacuzzis.
- See more at: http://www.thesundaily.my/news/278343#sthash.LLevRHbX.dpuf
The rise of serviced apartments
Posted on 27 January 2012 - 09:48am
Hidden cost
Besides commercial land costs usually being priced higher, properties on commercial titles require owners to pay peak energy, water and sewerage rates as well as quit rent and assessment charges.
"This is an abuse of the word 'serviced apartment'," opines MBPJ councillor Derek Fernandez. "The homeowner must understand the original concept was like with Micasa in KL. It's a commercially run operation. Serviced apartments are paying a premium for the commerciability of places like this. So people should be very hesitant to buy this."
"The buyer is paying property taxes which are normally double those of residential taxes," adds Rehda president Datuk Seri Michael Yam. "Your water price is the same price as the one the Pappa Rich operator pays. The electricity rate is double, and the deposits they take from you are also higher."
Of course, this misnomer can also be very confusing. One Indonesian investor looking for serviced apartments in Bukit Ceylon was disappointed to find at a launch last year that the units being touted as serviced apartments were not much more than "a standard block of condominiums", as he described them later.
"There's no management, rental return, housekeeping services or security policy. It wasn't fully furnished either. I think this is misrepresentation."
In fact, more and more property types are being ambiguously marketed as both residential and commercial, with titles such as SOHO (small office, home office), SOVO (small office, versatile office), SOFO (small office, flexible office), lifestyle suites, serviced residences and serviced suites, among others. Many of these projects' brochures depict young working professionals in suits toting briefcases, next to images of double beds, saunas, barbeque areas and jacuzzis.
- See more at: http://www.thesundaily.my/news/278343#sthash.LLevRHbX.dpuf
Yes, and answer was as usual "TAX is determined by MBJB". Called again and they told that entire plot is registered as 'Commercial' and they pay Water, Electricity rate as per Commercial Slab. Also they would adjust the tax deducted for last 6 months of 2014 from bills for this year. We would have to pay the Property Tax ourselves.
- Joined
- Apr 13, 2011
- Messages
- 298
- Points
- 18
Hi,
Thanks. Looks like no other way. i like it that the condo is above a shopping mall, for convenience. So, no choice. I suppose for projects with residencial blocks above commercial activities, the entire plots are commercial plots.
Thanks. Looks like no other way. i like it that the condo is above a shopping mall, for convenience. So, no choice. I suppose for projects with residencial blocks above commercial activities, the entire plots are commercial plots.
There may be a way out (please read Princess Cove R&F thread post 460). Happy for you if it works. Please share the outcome.
Different developers handle this matter differently. Below is one example.
Setiawalk Serviced Apartments, Puchong.
Developer : SP Setia Berhad
Land title type : Commercial
Electricity: Residential rate
Water: Residential rate
I have heard about this from other developer's salesman too. I.e. pay residential rate on commercial Land. It's not auto and the developer will need to apply for the owner. Whether its true or not only time will tell.
- Joined
- Apr 13, 2011
- Messages
- 298
- Points
- 18
Thanks, will check out for water and electricity bills. Not paying yet cause under guaranteed rental. But for assessment quite high ( double for commercial) . Somehow, valuation given to compute tax is high, close to market rate at 900-1000 psf. For landed, valuation is 50% or lower than resale value .
The gov can collect so much more tax from condos, compared to landed. See how much country gardens' 9000 units will be contributing for that relatively small piece of land.
The gov can collect so much more tax from condos, compared to landed. See how much country gardens' 9000 units will be contributing for that relatively small piece of land.
But KSL itself is selling units for 720 psf, why would anyone pay 900-1000 psf? I see a lots of listing in Propertyguru and most of them are above 900 psf, not sure how many do change hands.
- Joined
- Oct 22, 2012
- Messages
- 170
- Points
- 0
photo of d'esplanade March 15,should be collecting keys this year bah
- Joined
- Oct 22, 2012
- Messages
- 170
- Points
- 0
Opps ,wrong liao on the above,i cant edit,That's KSL - D'Inspire
Thks bro wufucheng (leong)for highlighting.
http://ksl.my/dinspire/progress.php
https://www.youtube.com/watch?v=Iornmvf0jQc
Thks bro wufucheng (leong)for highlighting.
http://ksl.my/dinspire/progress.php
https://www.youtube.com/watch?v=Iornmvf0jQc
Hi All,
The rental package for ksl d'esplanade residence should 3 year and end at mid 2016 have you guy think about how is going to be after next? I was thinking to rent back to ksl again not sure is this work?? Do you guy know the rental rate over there now? I hear can rent at 3.5 to 4 dollar psf is that true?
The rental package for ksl d'esplanade residence should 3 year and end at mid 2016 have you guy think about how is going to be after next? I was thinking to rent back to ksl again not sure is this work?? Do you guy know the rental rate over there now? I hear can rent at 3.5 to 4 dollar psf is that true?
- Joined
- Apr 13, 2011
- Messages
- 298
- Points
- 18
Hi
Yes, one more year to wait. Do share if u have info from KSL - whether they will rent from owners and continue to run the service appt/hotel. Good if can get 3.5-4 psf, more than enough to cover interest and principal payments..
Yes, one more year to wait. Do share if u have info from KSL - whether they will rent from owners and continue to run the service appt/hotel. Good if can get 3.5-4 psf, more than enough to cover interest and principal payments..
KSL NEW Projects
See first before you buy. Here's the link:
https://www.facebook.com/KSLDInspireResidence/?ref=bookmarks&hc_location=ufi
See first before you buy. Here's the link:
https://www.facebook.com/KSLDInspireResidence/?ref=bookmarks&hc_location=ufi
The brochure pictures are just artist's impression and the showroom items are just for show. Agent's talk is just talk and SPA does not provide details. Only a few developers are reputable in JB. Don't put too much hope on the rest.
This is always the risk of buying off the plan. Current prices in Johor have corrected to about 2013 level, but costs are rising. So anyone looking for own use, particularly landed property, can look for firesales for units that are already completed but still under defect warranty period.
