Last I checked, 1500pm. Might have gone up since then though. Clearly its more worth while to furnish. If you want to furnish it cheap, just make a trip to IKEA you can furnish it for under 15k total, including washing machine.

This post has been edited by eXTaTine: Jan 8 2016, 03:32 PM

You own a unit in Summer Suites? Didn't know it could be offset in Income Tax. Furthermore this is commercial.

I thought u should know how much can be earned from rentals already if you are an owner.

Good. End of last year ask agents to help me rent out my unit. All lowball offers. Decided to do airbnb and been doing great so far. May consider renting out longer term if the rents come back.

Myself. Yes better but a lot of work. I did it myself. And I'm not even in KL so its very tiring. I think it is more worthwhile if you have many units or live nearby but for me I think it's quite troublesome.

I don't think its worth it letting others manage if he has his own unit. Yours will be the lowest priority and after costs, I don't think its worth it anymore. Don't forget you have to pay for cleaning as well as Internet/electricity/water costs.

By the way. When did you rent out your unit? I tried going through agent end of last year but they were saying it was very quiet market.

This post has been edited by eXTaTine: Jan 23 2016, 01:47 PM

I priced mine lower. There is a lot of supply too, so im not sure if you can get good occupancy at above 200. But do note that if the guest pays 200, what gets paid to you is closer to 150 after airbnb fees. So you can't price it too high too.

Please la, what is illegal? As far as I know there is no law that prohibits people from staying overnight. Technically, hotel is also a commercial prop and not a residential one, also lots of people staying. Same with most shophouses. By the way, the whole of Malaysia full of the SOVOs and whatnots now...nobody really cares what its called, as long as it serves the investors intended purpose. No point arguing and picking on SS, btw I never see other similar props receive such comments.

Read this:

http://www.propertymalaysiainvestment.com/...al-development/

Basically, there won't be authorities coming in and making trouble? Why? It isn't illegal. Only downside is paying utilities and assessment at commercial rates. Other than that you can do what you want. If it was illegal then shophouses and whatnot would be raided for breaking the law since eons ago.

I hope we can move on from here on because its very tiring to see the same topic harped on again and again.

Those naysayers, please go disturb other threads with SOVOs then if you think it is illegal, why pick on SS? Like half the 97 pages is harping on this. I think you can comment on other threads as those have a lot of less comments.

As for the developer, of course they will say it is office as that is what is designated as, and issue out the circular. Doesn't mean it is illegal or anything.

Don't like the link I just posted, well a quick Google search will reveal more info. Here are a few:

http://www.iproperty.com.my/news/7982/gett...o-sofo-and-sovo


http://www.thesundaily.my/news/278343


Note that there never is a mention that it is illegal. Nobody is going to raid your unit or anything. It's just that you don't get HDA coverage, and you pay a bit more like what I mentioned in previous post.

This post has been edited by eXTaTine: Feb 18 2016, 10:09 AM

They need license because they are operating a business. But anyway, I mentioned it as an example, I am aware of the need for the license. If you want examples of residences in commercial title, what about shoplots? Those mostly are still commercial title, people live in them no problem. And before 2007, service residence also commercial, means they were illegal before 2007?

Anyway I think I said my piece so I'll stop here. I can't stop people from harping on the issue, even though its unfortunate SS got singled out from all of the same category props. I will not be responding on this topic from here on out.

Good news for SS owners...

Only commercial property above 2Mil subject to GST upon selling, and not RM500k as previously reported...

Or is it bad news? Since previously individuals were not subject to GST. Anyway, its good to know that we don't have to worry about GST when selling SS.

http://www.thestar.com.my/news/nation/2016...ear-gst-exempt/

This post has been edited by eXTaTine: Feb 22 2016, 06:08 PM

Is that a normal rate or is it excessive?

Yes, is the kiss of death.