What can go wrong if you commit to purchase a BH that have the following characteristics:
1) The BH is under construction and about to be completed.
2) The bird call test resulted in about 2,000 birds above the bird call gadget.
3) Your new dream BH is about 1 km from the most successful BH in Town (25,000 nests).
4) The place where the BH is built is located in the Hot Spot areas in Malaysia.
5) The number of BH is little as compared to the birds population.
6) The project is a JV with the state authority.
7) The title given to the land is "For Swiftlet Farming business"
8) 3 kilometer away from your new BH there are many with 2,000 nests.
I was at the meeting conducted in Kuala Lumpur to convince a buyer to buy this spare unit.
He was not very sure in the beginning but after a while he confirm buying a unit.
This was before he asked me "What can Go wrong?"
My answer: Based on the above 8 points, you should ask what will go right?
Imagine if you buy and let it be as it is. Yes you wait for the other units to be populated then you sell it. Do you think the price will remain the same?
The more there are those black dots in the sky the higher the value of your empty shop unit.
Remember your unit is with a certificate of approval to built a BH.
If you do proceed with the renovation, you need to spend at least say 80K-100K.
What happen if your BH is populated with say 100 nests?
The value now escalated to at least the BH original cost plus those renovation cost but donlt forget the 100 nests. These 100 nests will catapult your BH unit by rm1,000 per nest.
What if your BH accumulated a total of say 5,000 nests?
You BH now fetch something like 5 million plus the original cost and you can add in those conversion cost.
My question: can any property in KL golden triangle fetch this kind of escalation?
Impossible but not so in swiftlet farming......
You need to think for yourself and get enough knowledge and information to ensure that you get the returns that you are hoping for.....
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