I have always been intrigued by this property whenever im in langkawi… ultimately high risk and high return… but i wish the window is larger to showcase the seaview
Thanks for this exciting travelogue, boss. Great cinematic drone shots. Correct, non-malays can buy malay reserve land property in Kedah. I "terbeli" one such property in Changlun, Kedah. The thing is this: if i were to sell my property to a non-Malay, the new owner can still sell it to a non-Malay. But if I were to sell it to a Malay, the Malay owner cannot sell it to a non-Malay anymore.
@@flyingfox3766 I was also taken by surprise. The lawyer explained to me when i was there to take my house title. The house is only RM155K, so can sell easily.
@@iherng Boss, time for you to drop by Kedah area. Sungai Petani has a few big projects by Paramount, OSK, OIB and Aman Setia. Some notable projects like Riverfront, Bukit Banyan, Yarra Park , Aman Parc. Companies such as Paramount and OSK companies have massive land banks in Sungai Petani. One of the most interesting thing here is that big players do offer promotions like " buy house get car for free" in sungai petani. Just a few weeks back, I saw with my own eyes a big billboard by Paramount offering this "beli rumah dapat Proton X50" promotion for their Bukit Banyan project.
Awesome content once again, Sean! In the middle of the episode, you mentioned about smart locks for ease of managing the unit. Did I miss out on the elaboration or will it be covered in another episode?
Yea. I shared before on other episodes. Generally it's easier for owners to provide access to tenants, cleaners, basically anyone who's working on the house via an app or QR code instead of keys.
Hi sean.. we've met in the langkawi airport when u flying out back to subang last time.. hahaha.. always enjoyed ur vids and reviews.. keep it up.. if u want to review the Lavanya project (my current project) later u can call me,, :D
excited to see you going to my kampung! Agree that the island itself is pretty run down, even pantai cenang area. Not much night life and nothing close to what Thais have on their islands, which are not that far away. Tourists here are majority low-spending budget travellers, or high end high spending tourist staying at 5 and 6 stars hotel. It would be interesting to see what segment of tourist this project will atttract. for the property, i think that the ultimate value is the seaview. developer could have made a nice wide balcony with aircond unit on the wall. Probably rental could be more handsome :) it's tourist, they probably would care more about the seaview than the having the exposed aircond outdoor unit at the balcony.
Agreed. Went to their show unit before. The show unit is their smallest unit which doesnt have any balcony. The remaining types of layout does come with wide balcony
I think it is going to sell well. There are only two 5 star hotels along these beaches and NONE premium residences here . And i doubt there will be any more premium development along these beaches . My recommendation is to buy.
as mentioned by some comments, short term, say up to 10 years ok. After that many problems arise. Owners need to spend money to refurbish units to 5/4 star standard... but not all owners willing. if operator decided to throw in towel, big problem...owners need to find new operator...good luck in convincing 800 owners. value will deteriorate very fast once no income come in...banks will start lelong at cheap cheap rates. Pls go in with your eyes wide open with this type of investment.
I think overall the project is fine. But I don’t get it why the developer so kedekut to provide a balcony?? Doesn’t matter if it’s small but a balcony really makes a huge difference.
Hi Sean, is it normal to use only developer lawyer or best to get my own lawyer? This is my first property investment in Malaysiaso not sauté whether this is a common and accepted practice? Cheers - Bill
Hi Bill, yes it's normal to use developer's lawyer. And no worries because residential Sales & Purchase Agreement are governed heavily by the government, so it's standardized across the whole Malaysia. Plus the cost is usually covered by developer as part of the sales package.
shocked with this development, it shows how greedy human are, we chose money over priceless environment no matter how careful the construction is, it will affect nearby environment.
1 year on, Sept 2023, it's still on sale,i wonder why not sold out yet? 🤔 still not sure about this property ocean view now but later when the slice of bread come Sandwich this Building it will be partial ocean view? Habis la.....btw great vdo. Sean
I have always been intrigued by this property whenever im in langkawi… ultimately high risk and high return… but i wish the window is larger to showcase the seaview
Agree..
Awesome,great info and details.Keep it up!
really like the editing on this video haha one of the best you've done yet! just keeps getting better and better
Thanks for watching Akash!! Appreciate the kind words:)
Very fresh and nice... your team and youself really working overtime churning out content for us. Kudos.. clap clap clap!!!!!
Thanks for watching Kenneth!!
Awesome and very well detailed review, as always. Any possible future reviews for Edgewood or SkySanctuary at Setapak boss?
Thanks for this exciting travelogue, boss. Great cinematic drone shots. Correct, non-malays can buy malay reserve land property in Kedah. I "terbeli" one such property in Changlun, Kedah. The thing is this: if i were to sell my property to a non-Malay, the new owner can still sell it to a non-Malay. But if I were to sell it to a Malay, the Malay owner cannot sell it to a non-Malay anymore.
Interesting!
@@flyingfox3766 I was also taken by surprise. The lawyer explained to me when i was there to take my house title. The house is only RM155K, so can sell easily.
Yupe, I was so intrigued by the title when I got there. I was speaking to the local for hours just to confirm the facts hahahaha=)
@@iherng Boss, time for you to drop by Kedah area. Sungai Petani has a few big projects by Paramount, OSK, OIB and Aman Setia. Some notable projects like Riverfront, Bukit Banyan, Yarra Park , Aman Parc. Companies such as Paramount and OSK companies have massive land banks in Sungai Petani. One of the most interesting thing here is that big players do offer promotions like " buy house get car for free" in sungai petani. Just a few weeks back, I saw with my own eyes a big billboard by Paramount offering this "beli rumah dapat Proton X50" promotion for their Bukit Banyan project.
Thanks Sean, you have given me confidence to book a unit here!
Congrats!! Hopeful it’s an informed decision yea;)
Awesome content once again, Sean! In the middle of the episode, you mentioned about smart locks for ease of managing the unit. Did I miss out on the elaboration or will it be covered in another episode?
Yea. I shared before on other episodes. Generally it's easier for owners to provide access to tenants, cleaners, basically anyone who's working on the house via an app or QR code instead of keys.
Hi sean.. we've met in the langkawi airport when u flying out back to subang last time.. hahaha.. always enjoyed ur vids and reviews.. keep it up.. if u want to review the Lavanya project (my current project) later u can call me,, :D
Hey man!! Of course I would want to hahaha=)
I love Langkawi. If I were to buy there, I’d buy to live there. Gorgeous island.
Wow!! Live there? I didn't thought of that hahahaha=)
Thanks for sharing Jason!
I love your use of the maps. Very helpful.
Hahaha. I'm glad you think so=)
Langkawi should go for low density high quality development instead of high density development. It is not the place for high rise developments.
excited to see you going to my kampung! Agree that the island itself is pretty run down, even pantai cenang area. Not much night life and nothing close to what Thais have on their islands, which are not that far away. Tourists here are majority low-spending budget travellers, or high end high spending tourist staying at 5 and 6 stars hotel. It would be interesting to see what segment of tourist this project will atttract.
for the property, i think that the ultimate value is the seaview. developer could have made a nice wide balcony with aircond unit on the wall. Probably rental could be more handsome :) it's tourist, they probably would care more about the seaview than the having the exposed aircond outdoor unit at the balcony.
Agreed. Went to their show unit before. The show unit is their smallest unit which doesnt have any balcony. The remaining types of layout does come with wide balcony
Omg langkawi is your kampung? Syiok la
Thanks for sharing Daniel. What an amazing Kampung you have hahaha!! So envious=)
The window ratio is somewhat too small right next to the maintenance door. Seems like 3:7
just booked, and i agree high risk high returns. just that the price per sqft is really high. so need to dig out some moolah
Good luck to us..hope for the best..haha
Why not doing a vlog in Langkawi haha. Stay Tune for that, Sean!
It was business trip haha:)
Thanks for watching 😁
been to langkawi a few times during this pandemic.. passing by the showroom, hope one day Sean can review this property !
Hope you enjoyed it Clarence:)
Come sabah here do some property review. Will ya?
Let me try to see which developer will invite me over first hahaha:)
Hi Sean, great video. Are there any similar developments available for longterm rental from June?
You mean in Langkawi?
Do the low rise units have balconies?
I think it is going to sell well. There are only two 5 star hotels along these beaches and NONE premium residences here . And i doubt there will be any more premium development along these beaches . My recommendation is to buy.
as mentioned by some comments, short term, say up to 10 years ok. After that many problems arise. Owners need to spend money to refurbish units to 5/4 star standard... but not all owners willing. if operator decided to throw in towel, big problem...owners need to find new operator...good luck in convincing 800 owners. value will deteriorate very fast once no income come in...banks will start lelong at cheap cheap rates. Pls go in with your eyes wide open with this type of investment.
Hi Sean, great content as usual! Out of 800+ units, how many are sold?
I'm not too sure of the current figure HC. May I suggest to check directly with the sales team for the accurate figures?
I think overall the project is fine. But I don’t get it why the developer so kedekut to provide a balcony?? Doesn’t matter if it’s small but a balcony really makes a huge difference.
Well it's limited to only this type, also limited by the facade. Anyway, thanks for sharing your thoughts Izzat=)
what is the audio at 1:41 ~ its cool
supper 👌👌👌👌
Thank you so much Aruna=)
I started dreaming....
Boss can review about the open road project ?
Let me try yea Chew=)
Good for short term (10 years) but difficult to exit
hard to hold more than 6years.....remember that Climate has changed!! Tsunami might be happening
@@mlee5638 there’s always indonesia
@@iamzayn98 wats ur expalin fir phuket tsunami?
@@mlee5638 check the map, phuket is widely open
@@iamzayn98 anything can happen ,,,don be too positive
Hi Sean, is it normal to use only developer lawyer or best to get my own lawyer? This is my first property investment in Malaysiaso not sauté whether this is a common and accepted practice?
Cheers - Bill
Hi Bill, yes it's normal to use developer's lawyer. And no worries because residential Sales & Purchase Agreement are governed heavily by the government, so it's standardized across the whole Malaysia. Plus the cost is usually covered by developer as part of the sales package.
The gap of the pros and cons of this project is farrrrr tooo biggg. But the returns are gonna be good at least for a short term period.
Right?? This product is so interesting but the risk profile is very different. Not for everyone:)
Does the unit come with parking?
The parking will be under the management and paid per use. That makes more sense as this will be used for short term stay most of the time.
looking for PARC 3 Cheras review
Coming soon. Stay tune Panjang!!
@@iherng yahooo!!!
Why developer always come and spoil the whole Pantai Cenang scenery?
The low rise building should be kept as it is. haih
Buying so close to sea during global warming?
Juat leave Langkawi with its beautiful nature,stop all these commercial being greedy spoil the future life
Well minimal land in the island are being developed, or allowed to be developed anyway. So I think it's gonna be fine based on the rural surroundings.
1 million for foreigner is not cap, it's minimum. =(
Oh yea. That's what I meant. Excuse my command of language haha=)
Thanks for watching Aiko.
@6:56 Ocean man? 🤣
Yupe. That's an international event too:)
always no no to danny t@n and vincent t@n project
Hahaha. Thanks for sharing that ☺️
structural safe?
Definitely. All must be checked and built by professionals.
shocked with this development, it shows how greedy human are, we chose money over priceless environment
no matter how careful the construction is, it will affect nearby environment.
Then may I know where do you stay Eddie?
1 year on, Sept 2023, it's still on sale,i wonder why not sold out yet? 🤔 still not sure about this property ocean view now but later when the slice of bread come Sandwich this Building it will be partial ocean view? Habis la.....btw great vdo. Sean