How much u rented it out.

I am not renting out to airbnb. I have a chat with my Gamuda friend and the many owner at swiss garden/ BTS rented to airbnb regret kaw kaw. Lots of damage and payment not promt

Rented to airbnb operator or

Airbnb direct

Which one payment not prompt?

OPERATOR due to many months booking drop and the operator cash flow problem

This post has been edited by tikaram: Mar 1 2018, 11:46 AM

After chatting with the swiss garden owner at mamak there.

Cost vs benefits. It is not worthy to let to airbnb.

Now the airbnb try to low down rental on desperate owner. dog eat dog now

This post has been edited by tikaram: Mar 5 2018, 10:54 AM

Hopeit wont be a wholsale mall

With Airbnb operation, your unit and common area will have significant higher rate of wear and tear, issue of noise, significant higher traffic and potentially security breach. Some guests are using airbnb for parties, drugs etc especially if operator didn't filter the guests.

Landlord who only have short term view will rent out to the operator so that they can quickly cover the installment. However the renovation that they done are having a quicker wear and tear as well.

On macro view, if the condo has significant number of units operated as airbnb, the long term tenant will leave as the condition such as traffic at lobby, guardhouse and facilities is not favorable to them.

For the operator, it is asset light operation. they are quite happily sign the tenancy for renovated units, make a cut from assets which they do not need invest or have loan on it.

Totally agree with you.

I am not keen to Airbnb too. Better left it empty and look for better long term tenant.

the operator or airbnb will just come in for one or 2 year and leave for a newer unit bbcc &/or tun razak exchange just like what swiss garden are facing now.

One things I don't understand why Gamuda keen promoting Airbnb at their sales marketing events? They never thought of "higher rate of wear and tear, issue of noise, significant higher traffic and potentially security breach" ?

This post has been edited by tikaram: Mar 5 2018, 01:20 PM

actually Gamuda short of idea and strategy for this project... MRT is considered far with walking distance... no shopping mall attached (just wholesale mall which chances for failure is very high), not in heart of Bukit Bintang...their strategy is very obvious.... just built and cabut....

when comparing to Sunway Velocity.... about same price tag... Cochrane area is more happening and prospect is very clear.... within 1km radius... many prestige projects are coming in....

This post has been edited by bigman: Mar 5 2018, 01:49 PM

I don't agree on " built and cabut...."

Having seen Valencia and Kota Kemuning. They didn't build and cabut.

This post has been edited by tikaram: Mar 5 2018, 02:05 PM

Because some prospect buyers didn't consider the repercussions to rent to Airbnb operators
.

And yes.. when new projects VP...these operators just move...

managing a township and managing commercial (mall) oriented development is different...

Not to say Gamuda is not good.... but for sure managing shopping mall they not expertise.

unfortunately, this project is shopping mall oriented project.... can see they are losing their magic touch when compared their previous projects....

Agree again

KK gamuda walk not bad. It is very happening despite tiny mall

http://gamudaland.com.my/gamudawalk/


https://www.facebook.com/gamudawalk/

This post has been edited by tikaram: Mar 5 2018, 02:42 PM

Good to know...

Boulevard concept last time very popular.... is not easy to success.... what I know only Sunway Giza last time very happening... for others like One South, Southgate, Icon City, all dead...

Setiawalk maybe half dead..

This post has been edited by bigman: Mar 5 2018, 03:00 PM

Its local airbnb operators....

Not airbnb .

How many expats or locals are desperately wanting to rent 1bedder or studio for 1yr or longer?

Everybody seems to be jumping onto the bandwagon of small units.
Ended up with airbnb operators is just the end game.

What is your observation of rental demand for 3 bedrooms in KLCity then?

I don't know.

I meet a guy working at Tung Shin as Doctor ( from Indonesia) and he is renting here. He is not buying because he is staying @ KL for one or 2 years. After that further study again @ UK

double post

This post has been edited by tikaram: Mar 5 2018, 05:03 PM

Unless i have a 3bedder otherwise i cant comment.

All i know is 1bed or studio supply will be coming fast n furious