QUOTE(Lowtan @ Oct 18 2016, 03:19 PM)
for the time being, no go for me.
i have been studying this project and was quite interested at the beginning. but the more i studied it is not as straightforward.
first of all the rental portray is best scenario with high rental and 70% occupancy. occupancy rate may be achievable, but the rental?
you have to consider airbnb commission, easily set u back 10-15%. u have to consider electricity and water cost. people who stay there will not help you to save those utility bills and mine you this is a commercial rate. how about things that you have to replace like toiletries, towel replacement, and small little things that hotel always provide.
i dont know if those provider like airporter really do A-Z for you and u just have to wait the bill to come in.
boss, pls don't compare airbnb or whatever.
it should always be benchmark against existing surrounding prop lah.
my thoughts are simple.
which other similar projects nearby that is comparable.
indeed the nearby units are generally much bigger in size with a much heavier pricetag.
and assuming if you indeed buy in at say RM560k - RM600k, in terms of absolute it's one of the cheaper alternative within that area.
comparatively to a wider scale, which other area that you can buy in at such price and offer better yields?
randomly let's say i benchmark against:
azure tower in kelana jaya
tropicana gardens in kd
sentral suites in kl sentral
what are their price against the yield?
just throwing some random things to ponder ya...