Property Review

Shout-out to Mr Leong (012-339 9330) for showing me around this project in Bukit Jalil.
The strata trend is moving from highrise, to retail, to landed homes and now shop office. As this concept is relatively new, this may cause some confusion for owners especially for the specification of the facade and maintenance of common areas.
With the success of Pavilion in KL, everyone is looking forward to Pavilion 2 to drive up the prices of property surrounding it. Even before the completion of the mall, the lowest asking price currently is already RM 5.2 million!!
In comparison to individual title shops, stratafied projects will have advantage in terms of cleanliness, security, and overall impression of the project. But all those comes with maintenance fees=)

[@MohamadFirdausCheIsmail]

I like how it's named Pavilion 2/Pavilion Bukit Jalil. Imagine if they name it some random fancy name like Mall XYZ, they would need to market it so hard in order to register "luxury" and "high end" in people's mind. But since it's Pavilion 2, people already have a certain expectation. Even if the actual thing didn't reach the same standard as Pavilion Bukit Bintang, they would still manage to brand and market it well. Pretty clever.

[@DrLionel_ree]

Sean, why would you say that those who make money in real estate are in commercial? Is it because of higher yield? tax benefits? can you make a video on pros and cons between residential and commercial properties?

[@iherng]

Of course I would. That is a great suggestion. It's because the rental of commercial spaces can skyrocket based on the economy dynamics. RM 18k - RM 30k for corner lots seems to be acceptable when the location is used for business purposes in comparison to residential usage. Therefore the potential for commercial is way way higher!!

[@kahau]

@@iherng Still not understand, if by your sharing of your mentor thought, if 13 to 14m corner lot would need to have 61k of rental to breakeven only. Why would 18-30k will makes money ? Just out of curiousity asking ya, still learning.

[@c.l75]

@@kahau Yes, you are right. The rental yield for Malaysia's property is around 3 to 4% per annum. Base on commercial bank loan interest rates of minimum 1% + BLR (BLR = 6++%), so that your rental will only cover 30 to 40% of your installment, that also provides you can rent out. On top of this, you also have to deal with maintenance/service fees, cukai pintu and so on.

[@KhairulShahdanQarthLael]

I know this is late, but have you reviewed The Havre just few yards ahead of this project? Would love to hear your opinion about it. Subscribed because your reviews are genuine.

[@ddzzz9031]

Can’t wait for my park sky to be ready :) very excited
The shoplot workmanship is perfect

[@iherng]

Yeaman. But I'm more excited for the mall to be ready. I can only imagine how it will change the entire real estate landscape in that area=)
Let me know when your unit is ready!!

[@kennychanyoonkin5625]

Why cannot see beyond 0:31

[@iherng]

Please try again yea=)

[@teayabern]

Very good and detailed review..thumbs up :)

[@iherng]

teeya Bern you’re the best teeya:)

[@sonnytan09]

Hi, any info on when the mall will open?

[@iherng]

Sonny Tan Hey man, I’m not sure currently but let me check for you. Or you can contact the agent directly via the link:)

[@sonnytan09]

@@iherng no problem! just can't wait for it to be completed!

[@kohlee888]

👍🏻

[@ivan_tay]

Cool outro

[@iherng]

Thanks!!

[@ahmadizzatshahmieralhamdul4926]

Alhamdulillah :)

[@WORKnoBRAG]

Great Video, Please do a video on The Park and Park 2 residences at Pavilion 2 . Thanks .

[@iherng]

Thanks for watching man. I'll try to arrange for it=)