Yet another project in Bukti Ceylon. This one opposite Somerset Seri Bukit Ceylon is by the UOA Group. One @ Bukit Ceylon is going to be a Serviced Residence / Hotel. Unlike Seri Bukit Ceylon (Somerset), One Residency (Park Royal) or Verticas Residensi (Lanson Place), UOA is going to manage this hotel themselves and they are giving buyers a Guaranteed Return of 6%.
Being a hotel, One is laid out with long corridors 22 units per floor. There is a facility floor with swimming pool, gym, sauna etc somewhere between the car park floors and the rooms. Above that, there are 20 odd floors, consisting of:
1 x 2br unit and 9 x 411sf studio units facing One Residency and
1 x 2br unit ansd 10 x 453sf studio units facing Changkat Bukit Bintang
The most popular is the Type B 2 br unit which is 893sf facing Changkat (above). But all these are sold out despite the above a million price tag. The 2nd type of 2br units aren't as popular due to the poor layout. They have 2 bedrooms with windows, while the living room, kitchen, dining and bathrooms are without windows.
Pay future prices today. Is it worth it?
453sf unit on 13th floor for RM600k (RM1324psf). With 6% Guaranteed rental returns over 12 months.
640sf unit across the road at Seri Bukit Ceylon selling below RM600k (RM930psf) can be rented out at RM3500 per month (though not easy).
What do you think?
*Building pics taken off One Bukit Ceylon website without permission