QUOTE(Babizz @ Dec 4 2018, 09:23 PM)
I'm sure they are tenanted. question is at what levels? Rates are from RM65, 90 and the bulk of them at RM100-120. Do the math!
those rates havent add in service fee and cleaning fees...Investment THE ROBERTSON @ BUKIT BINTANG (Ver 2) [OT], A prestigious mixed dev by Gamuda Land
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Dec 4 2018, 09:28 PM
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834 posts Joined: Apr 2017 |
QUOTE(Babizz @ Dec 4 2018, 09:23 PM) I'm sure they are tenanted. question is at what levels? Rates are from RM65, 90 and the bulk of them at RM100-120. Do the math! those rates havent add in service fee and cleaning fees... |
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Dec 4 2018, 09:30 PM
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All Stars
33,725 posts Joined: May 2008 |
QUOTE(Babizz @ Dec 4 2018, 09:23 PM) I'm sure they are tenanted. question is at what levels? Rates are from RM65, 90 and the bulk of them at RM100-120. Do the math! My goodness looking at the prices ! Even at Rm100-120, that would still be a non viable business.https://www.airbnb.com/s/Robertson--Bukit-B...yLCBNYWxheXNpYQ |
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Dec 4 2018, 09:31 PM
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All Stars
12,530 posts Joined: Feb 2013 |
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Dec 4 2018, 09:32 PM
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All Stars
33,725 posts Joined: May 2008 |
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Dec 4 2018, 09:36 PM
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834 posts Joined: Apr 2017 |
QUOTE(Babizz @ Dec 4 2018, 09:31 PM) and the actual occupancy rate. nett income is much lower. some of the earlier buyers managed to lock in good fixed rate deals with operators. ya man i think the owners still bleed heavily every mth... considering the one bedroom unit was selling at around 700k above after discountQUOTE(puchongite @ Dec 4 2018, 09:32 PM) go airbnb click in the unit and press book... total detail price will come out |
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Dec 4 2018, 09:43 PM
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All Stars
33,725 posts Joined: May 2008 |
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Dec 5 2018, 07:27 AM
Show posts by this member only | IPv6 | Post
#727
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162 posts Joined: Jun 2016 |
There is a price war between the various airbnb operators there. The losers are owners who signed up for those revenue sharing deals. If you are going to do airbnb best to sign for rental and revenue sharing deal. The rental should be at market rate or 10% below it.
This post has been edited by Zicoras1: Dec 5 2018, 07:28 AM |
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Dec 5 2018, 11:24 AM
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All Stars
20,146 posts Joined: May 2011 |
QUOTE(Babizz @ Dec 4 2018, 09:23 PM) I'm sure they are tenanted. question is at what levels? Rates are from RM65, 90 and the bulk of them at RM100-120. Do the math! rm100 to 120? fishing trick lah.......bet its for tues and wed nights nia.https://www.airbnb.com/s/Robertson--Bukit-B...yLCBNYWxheXNpYQ |
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Dec 5 2018, 12:25 PM
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33,725 posts Joined: May 2008 |
QUOTE(BEANCOUNTER @ Dec 5 2018, 11:24 AM) So the revenue for the owner should be higher than what a straight line calculation based on 100-200 can yield. We need the real feedback from owners who subscribe to these platforms to know what kind of return they are getting.Is it better than yearly tenancy ? That's the primary interest. |
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Dec 5 2018, 12:38 PM
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All Stars
20,146 posts Joined: May 2011 |
QUOTE(puchongite @ Dec 5 2018, 12:25 PM) So the revenue for the owner should be higher than what a straight line calculation based on 100-200 can yield. We need the real feedback from owners who subscribe to these platforms to know what kind of return they are getting. Is it better than yearly tenancy ? That's the primary interest. Many owners signed 1 to 2 yrs leaee agrement with airbnb operators jor.... Uoon expired see if owners withdraw or stay By thr way the mall already opened.....why no news wan? |
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Dec 6 2018, 10:26 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
is robertson in demand for own stay or even long term lease at the moment?
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Dec 6 2018, 10:30 AM
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797 posts Joined: Oct 2015 |
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Dec 6 2018, 10:32 AM
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33,725 posts Joined: May 2008 |
QUOTE(BEANCOUNTER @ Dec 5 2018, 12:38 PM) Many owners signed 1 to 2 yrs leaee agrement with airbnb operators jor.... People are pampered with big malls. Small malls are like 7-11 shops, nothing to talk about.Uoon expired see if owners withdraw or stay By thr way the mall already opened.....why no news wan? |
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Dec 6 2018, 10:38 AM
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33,725 posts Joined: May 2008 |
QUOTE(kochin @ Dec 6 2018, 10:26 AM) Who has the stats ? Nobody. We dun even know how many went for long term lease or airbnb. Maybe can ask in some owner facebook and whatsapp group. If they want to answer. This post has been edited by puchongite: Dec 6 2018, 10:38 AM |
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Dec 6 2018, 10:43 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
i think robertson's surrounding neighbours are killing it at airbnb.
some even achieve 100% occupancy rates in certain months. |
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Dec 6 2018, 01:58 PM
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20,146 posts Joined: May 2011 |
QUOTE(mangoproperty @ Dec 6 2018, 10:30 AM) Got people say once Pnb 118 complete, all the followers will become tycoons and millionaires. Multi millionaires if multiple units. Very smart indeed Pnb only target to complete in 2025 and to get it wong, need another 2 to 3 yrs.....Owners can hold for so long without life support machine? |
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Dec 29 2018, 04:39 PM
Show posts by this member only | IPv6 | Post
#737
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863 posts Joined: Jun 2018 |
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Jan 20 2019, 04:27 PM
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12,530 posts Joined: Feb 2013 |
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Jan 20 2019, 04:38 PM
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21,458 posts Joined: Jul 2012 |
Purchase price is higher than comparable hotel room and rental rate is cheaper, is financially not feasible. |
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Jan 20 2019, 08:02 PM
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All Stars
20,146 posts Joined: May 2011 |
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