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Investment THE ROBERTSON @ BUKIT BINTANG (Ver 2) [OT], A prestigious mixed dev by Gamuda Land

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gks
post Mar 5 2018, 11:42 AM

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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.
gks
post Mar 5 2018, 02:17 PM

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QUOTE(tikaram @ Mar 5 2018, 01:17 PM)
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"  ?
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Because some prospect buyers didn't consider the repercussions to rent to Airbnb operators
.

And yes.. when new projects VP...these operators just move...
gks
post Mar 5 2018, 03:58 PM

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QUOTE(BEANCOUNTER @ Mar 5 2018, 03:54 PM)
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.
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What is your observation of rental demand for 3 bedrooms in KLCity then?
gks
post Jun 12 2018, 10:40 PM

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Easiest is to change to IT/mobile phone mall
gks
post Jun 13 2018, 12:35 AM

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QUOTE(BEANCOUNTER @ Jun 13 2018, 12:27 AM)
Imbi n low yat all IT malls...

Still need another one?
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Except the it mall by mara, apparently IT based mall at almost everywhere doing quite well, crowds wise.
gks
post Sep 22 2018, 07:28 PM

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QUOTE(ryan@chua @ Sep 22 2018, 06:15 PM)
i shall show u my tenancy agreement which shows that airbnb operator rent from me at 3200/month.
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Mind to share your unit is Fully Furnished from Gamuda?
gks
post Sep 22 2018, 08:14 PM

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QUOTE(ryan@chua @ Sep 22 2018, 07:35 PM)
fF by makeover ID .
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Congrats. A very good rental (and yield) given most properties are struggling post 2013.
gks
post Sep 25 2018, 07:14 PM

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https://www.edgeprop.my/content/1427231/tun...haring-business

200units by Subhome

They started from Summer Suites
gks
post Jan 20 2019, 08:31 PM

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QUOTE(Babizz @ Jan 20 2019, 04:27 PM)
some random weekday price updates for robertson.
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Why are you just choose the cheapest and weekdays?

How many of ads (%) at these range?
gks
post Jan 20 2019, 11:08 PM

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QUOTE(BEANCOUNTER @ Jan 20 2019, 10:19 PM)
Tues nite usually the lowest nights of the week.
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I know

Babizz is a trying to give wrong impression of this development to lyn readers.
gks
post May 13 2019, 11:19 PM

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Whether in career, investment etc... You need a hard work, knowledge and time....remember that. Thereafter of course you need luck, gut etc..

Most want to skip few steps (short cut) for success... Lazy to do work, engage inflated reno company...no skill and knowledge... Pay fee to guru.. Want to cut short time....go for loan compression/cash back scheme.
gks
post May 14 2019, 04:31 PM

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QUOTE(BEANCOUNTER @ May 14 2019, 04:08 PM)
Maybe you are the minority.

From people i spoke with randomly, none of them make good money, and none of them recommend me to do the same...

I also presumed running airbnb is the last resort

Flip tak jadi
Rent tak jadi
Then airbnb loh....

Airbnb is not sustainable in longer term. Sooner homeowners there will make noise and will use agm to ban airbnb
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The fun time enjoyed by all these operators will ending very soon... When gov come out with regulation and the source of the income earned by these operators are taxable....
gks
post May 14 2019, 06:00 PM

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QUOTE(LoTek @ May 14 2019, 05:29 PM)
bought subsale summer suites at 515k, reno and furnish very nicely myself for 15k, terus to airbnb getting 1.9-2.5k (i myself use the units maybe 3-5days a month and my operator charges damn high percentage actually),but now face suites phase 2 is building right in front of my face so changed to normal tenancy 2+k for a year or so first to be safe.
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SS is isolated case for prolific Airbnb operation. Many operators including Subhome made their millions there.
gks
post Jun 8 2020, 02:58 PM

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QUOTE(Redflare @ Jun 8 2020, 12:41 AM)
My friend bought 5 units of Robertson from this guru clever
G*** C***...
now his 5 units cashout is finished. His rentals all couldn’t sustain,
Previously been stucked with subhome and now stucked with MCO.
Recently he was fired by company and then Now the wife left him and he now everyday depression.....
saying want to give up and end his life... damn this kind of stupid guru!
This kind of people. Should be punished!!!

Now his Facebook still doing massive adverts and doing live. I sneaked in to his
3 hours online course. He is still bragging how powerful he is and how good and smart
And he helped many people get rich ..... and PROBLEM IS he is still promoting his KL project. Robertson.....

Surely a lot more young people will die in his hands.
He mixed and do live with all the young celebrities. I have no eye to see.

https://www.facebook.com/GaryChuaSF/videos/...66341/?vh=e&d=n

https://www.facebook.com/713861075663644/po...98211/?vh=e&d=n

This conmen now kept lurking those young people to buy into his projects. Many will jump building soon...........
Hopefully there are heroes in here that could stop him....
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I feel sorry for your friend. Yes the guru is partially to be blamed to promote overpriced properties with cash back. However your friend is not blameless either. Your friend must be blinded by the greed of cash back given that he did loan compression for 5 units. Also... Robertson is old project and to be honest given current Internet era, all info is pretty transparent especially pricing. Just a few minutes research already reveal the true pricing.

The only way now for your friend is to accept reality, he bought over priced property and find solution to his issues in hand. Or hustle by doing few jobs to clear the debt. Tough time will guide your friend to be a man.

gks
post Jun 19 2021, 08:31 PM

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This post has been edited by gks: Jun 19 2021, 08:31 PM
gks
post Jun 19 2021, 08:32 PM

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QUOTE(AskarPerang @ May 15 2021, 01:11 PM)
The lelong unit. Currently at 1k persqft. Can wait for price drop.
Details as below:

user posted image
user posted image
More details refer this news: https://malaysiagazette.com/en/2020/11/10/v...ering-engineer/



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All sifus use same tactic.

So many gurus using testimonials from past students to funnel new followers to buy their bulk purchase.

The same happened in robertzai will happen again in many bulk purchases in next 2-3 years.We shall see the same postings all over social media.

The reality is all these cash back and BMV deals are artificial and no way the general market willing to pay the market value.
gks
post Jun 19 2021, 09:45 PM

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QUOTE(cy91 @ Jun 19 2021, 09:37 PM)
What is the next property with huge cashback and not really worth that much?
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There are hints which properties all over the lowyat forum.
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