53K Online Businesses Registered Boost Up Property Demand

53K Online Businesses Registered Boost Up demand for SoHo, SoFo and SoVo

"Online business operators, including those selling over Facebook and Instagram, are required to register their businesses with the Companies Commission of Malaysia (SSM) to prevent consumers from falling prey to cheats."

“We understand that online businesses are getting more popular these days but we hope those involved will register their companies with SSM."

News on Jan 25, 2016
http://www.freemalaysiatoday.com/category/nation/2016/01/25/ssm-online-businesses-must-be-registered/

Recent news:
KUALA LUMPUR, Aug 1 2017 (Bernama) -- As many as 53,285 online businesses have been registered with the Companies Commission of Malaysia (SSM) as of July 10, the Dewan Rakyat was told today.

From January until July this year, 6 months only, as many as 53k online business have been registered. I believe this brings positive impact to the demand for SoHo, SoFo and SoVo units, because most of those small/ medium scale businesses only require small offices.
SoHo - Small office/ Home office
SoFo - Small office/ Flexible office
SoVo - Small office/ Virtual office
The built-up for these products range anywhere from approximately 37sq m (400sq ft) to about 74sq m (800sq ft).

Where can we see the sign of SoHo demand?
Here is one example:
Ceylonz Suites @ Persiaran Raja Chulan, Exsim has come up with a studio office development that is akin to a SoHo (Small-office Home-office) development in early 2017. Some 43% of the 442 studio office units at Ceylonz Suites were taken up three weeks after its official launch, according to developer Exsim Development Sdn Bhd.

Ceylonz Suites features a full range of office facilities such as a conference room, meeting rooms, waiting lounge, open-air café and business lounge.

However, office facilities are not all it has to offer. The development is also equipped with leisure facilities, such as a sky pool, sports lounge, launderette, gourmet kitchen, sky gymrooftop garden, pocket gardens and a sky barbecue pavilion.
Michelle Siew, Exsim’s head of marketing and corporate communications, says the units are designed to cater to young entrepreneurs.

“This (Ceylonz Suites) product is what the market has been looking for. Look around KL city centre. A young entrepreneur or start-up can never afford huge working spaces. Yes, they can opt for co-working spaces but some of them need more privacy. Therefore, a compact, flexible and private office space like Ceylonz Suites is ideal for them,” Siew said.

My personal point of view:
SoHo in prime location such as Golden Triangle area of Kuala Lumpur city centre, did offer a great opportunity for young entrepreneurs to own a small office at more affordable price. Offices near KLCC are over millions in price, but Soho like Ceylonz Suites can offer at around RM520K onwards only. Many online businesses or design houses do not require big offices to operate, but they hope to get a prime location address to register their company in order to work with international partners. When I said online businesses, it actually covers a lot kinds of businesses that related to internet.

SoHo in KL city center also offer more affordable price for Multi National Company's to register their offices in Malaysia, especially as design house, consultation and customer support services.

SoHo seems to create a new opportunity for property investment.
How do you think?
If you want to start up a small business, online business, consultant firm, design house, will SoHo become one of your choice?
Feel free to leave your comments 😊

If you would like to know more about the limited attractive package offered by Project Ceylonz Suites near KLCC, feel free to contact
Elvin +60165553508 (Click)



Imagine that you can plan your dream, swim in a pool and have a wine on the top of a building that surrounded with fantastic view of 
KL Tower, KL Twin Tower and KL118!

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