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Investment ONE COCHRANE RESIDENCES [MRT PROPERTY], Next to IKEA and Ikano Megamall + Hotel

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ress2020 P
post Oct 4 2020, 11:12 PM

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QUOTE(stephdreamcloud @ Aug 6 2020, 01:44 PM)
if purchase under group buy, i'd say it's pretty good value. u can compare with projects in the area and find that its price is under/cheaper.
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Pls pm for group buy details

Thanks
DesRed
post Oct 5 2020, 10:25 AM

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QUOTE(hspace @ Oct 3 2020, 10:19 AM)
That's not ethical, is it.
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Have you tried using Airbnb before?

In order to create an account for it, they require a picture of you holding your IC and you need to input your IC details and full name. As for key + access card collection, most of the time it is by picking it up at the mailbox and there is some agreement between the guard and the unit owner/operator. In some cases, the latter will get the cleaner to hand the keys and access card to the guest.

Now if I were to trash his/her place and damage some of the facilities, don't you think it'll be easy for the operator/owner to lodge a police report and claim damages against me since they have the identification details? Furthermore, there will always be irresponsible and uncivic people (owners, guests and tenants) regardless of where you live, be it a housing area or a high-rise.
DesRed
post Oct 5 2020, 10:25 AM

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QUOTE(hazwan_zohdi @ Oct 4 2020, 10:04 PM)
What is the risk?
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It's because this project is under residential title, and there is a danger that a ban on Airbnb, homestay and short-term rentals will take effect once a JMB is formed and irate residents raise this in the AGM.
westthen
post Oct 5 2020, 04:49 PM

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QUOTE(DesRed @ Oct 5 2020, 10:25 AM)
It's because this project is under residential title, and there is a danger that a ban on Airbnb, homestay and short-term rentals will take effect once a JMB is formed and irate residents raise this in the AGM.
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Yup already have a case which is decided by high court. Unless so powerful that 50% of the owners do airbnb thus bending the house rules

https://www.freemalaysiatoday.com/category/...les-apex-court/
DesRed
post Oct 9 2020, 01:50 PM

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QUOTE(westthen @ Oct 5 2020, 04:49 PM)
Yup already have a case which is decided by high court. Unless so powerful that 50% of the owners do airbnb thus bending the house rules

https://www.freemalaysiatoday.com/category/...les-apex-court/
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Saw that article posted in another thread (link, last page). Not surprised it's expected since the demographic of own-stay and investor owners would've stabilised by then since it was completed in 2013, way before Airbnb was prominent in Malaysia.

I'd agree with this ban if the nuisance caused by these guests was really bad until it warrants for one, but the linked article failed to highlight the examples which occurred when those guests are staying at those 4 units. Some readers may take it that a bunch of irate residents living on the same floors as those units could've tailed those guests and pinpointed the units they're staying in, then report it straight to the management.

Personally, I've no issue with whoever is staying in the unit as long as they're civil, be it an owner, guest or tenant.
funfunfun
post Oct 9 2020, 05:31 PM

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QUOTE(DesRed @ Oct 9 2020, 01:50 PM)
Saw that article posted in another thread (link, last page). Not surprised it's expected since the demographic of own-stay and investor owners would've stabilised by then since it was completed in 2013, way before Airbnb was prominent in Malaysia.

I'd agree with this ban if the nuisance caused by these guests was really bad until it warrants for one, but the linked article failed to highlight the examples which occurred when those guests are staying at those 4 units. Some readers may take it that a bunch of irate residents living on the same floors as those units could've tailed those guests and pinpointed the units they're staying in, then report it straight to the management.

Personally, I've no issue with whoever is staying in the unit as long as they're civil, be it an owner, guest or tenant.
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It’s cumulative effect of many temporary guests over time.

Typically when there a lot of airbnb guests, facilities worn out a lot faster as they tend to use facilities to maximise and they are not so gentle on facilities usage as they are not paying maintenance fees. Heard at one time a lot of facilities at setia sky residence are broken.

The lawsuit is to scare off other operators. They are not the only one operating airbnb

This post has been edited by funfunfun: Oct 9 2020, 05:34 PM
DragonReine
post Oct 9 2020, 07:10 PM

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QUOTE(funfunfun @ Oct 9 2020, 05:31 PM)
It’s cumulative effect of many temporary guests over time.

Typically when there a lot of airbnb guests, facilities worn out a lot faster as they tend to use facilities to maximise and they are not so gentle on facilities usage as they are not paying maintenance fees. Heard at one time a lot of facilities at setia sky residence are broken.

The lawsuit is to scare off other operators. They are not the only one operating airbnb
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TFW when you see Airbnb or short term rental guests go into lifts soaking wet from pool, jump into pool with regular clothes on (not swimming clothing), pluck flowers, set off fireworks in common areas, break bbq tables...

(grew up in a high end condo that's in a popular tourist hotspot, so I saw these first hand before management banned Airbnb)
Jaspy P
post Oct 9 2020, 10:11 PM

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PM too
cy91
post Oct 9 2020, 10:58 PM

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QUOTE(DragonReine @ Oct 9 2020, 07:10 PM)
TFW when you see Airbnb or short term rental guests go into lifts soaking wet from pool, jump into pool with regular clothes on (not swimming clothing), pluck flowers, set off fireworks in common areas, break bbq tables...

(grew up in a high end condo that's in a popular tourist hotspot, so I saw these first hand before management banned Airbnb)
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China tourist? console.gif
DragonReine
post Oct 9 2020, 11:59 PM

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QUOTE(cy91 @ Oct 9 2020, 10:58 PM)
China tourist?  console.gif
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China, Singapore, Malaysia, Middle East oso got cry.gif seems like inconsiderate people come from all races HAHAHA
sathisk
post Oct 11 2020, 08:27 AM

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PM for group deal
ttkyy
post Oct 11 2020, 11:26 AM

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hi,pm me,tq
Babizz
post Oct 11 2020, 11:41 AM

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All those project target Airbnb or coliving etc is not too good in the long-run for ownstay or even normal rental. I know residents who bought for ownstay in a few Airbnb spots in KL n now they struggle due to the facilities being overused, lifts being full etc.


DragonReine
post Oct 11 2020, 01:18 PM

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QUOTE(Babizz @ Oct 11 2020, 11:41 AM)
All those project target Airbnb or coliving etc is not too good in the long-run for ownstay or even normal rental. I know residents who bought for ownstay in a few Airbnb spots in KL n now they struggle due to the facilities being overused, lifts being full etc.
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Security concerns also especially when it's one of those "hands off" Airbnb hosts where they put keys in mailboxes for guests to pick up.

Once caught one stranger who went around sneakily trying to lift locked mailboxes to see if any guests dropped keys in without reset locks.
Orange Mushroom P
post Oct 27 2020, 10:39 PM

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Hey guys,
Pm for details ya. Interested on it.
DesRed
post Oct 28 2020, 09:38 AM

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According to a poster a few pages back (link) on the large number of units bought by people from these buyer groups, there will be more investor-owners than own-stayers. Once this project VPs, I wouldn't be surprised that there will be a mixture of subsales, rental and airbnb units for the short-term.

Will take a while for this ratio to stabilise and the number of own-stayers to increase via subsale purchases.
JonathanIB
post Oct 28 2020, 06:12 PM

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not surprise to see that in most project actually nowadays
golfgti
post Nov 9 2020, 11:27 PM

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Please pm me units availables and price
DesRed
post Nov 23 2020, 10:56 AM

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QUOTE(JonathanIB @ Oct 28 2020, 06:12 PM)
not surprise to see that in most project actually nowadays
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Wouldn't be surprised.

From what I've been hearing of acquaintances staying in recently VP-ed projects 2-3 years ago, they mentioned of bumping into all sorts of residents ranging from students, uncivilsed people, foreign workers to long-term tenants and own-stay owners. This is way before Airbnb took off here.

Probably the resident pool will stabilise by now, but too bad those who bought units and/or currently staying in those projects don't update the condition here.
DragonReine
post Nov 23 2020, 11:02 AM

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Quite normal la investors trying to get passive income from rentals (long n short term), you can see how popular property guru talks in Malaysia used go be laugh.gif but investors after a while will eventually sell once property lose value or can no longer maintain costs especially newbies who think in sens more than sense.

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