For those who are buying this pigeon hole, what are u buying it for? The size is insanely small even for air Bnb, at 400 sqft if u need to break even u need to price per day of 150 and hope for a 60-70% occupancy, that never happens in reality.

Then spending so much to buy this crap I would buy a sub sale, slightly bigger and lovable and freehold property. I am in investor in that location and this price and size does not excite me.

Listed on AirBnB does not mean its a good property or investment. If you are looking at an investment of 600-700K, you want a return of at least 3K per month or more. if you are renting at 150MYR per night, you need minimum 20 nights per month OR more (if you take air bnb cost and maintenance cost) on Air bnb, that hardly happens on Air bnb , happens on short term rentals of monthly tenure but that segment also has allot of competition.

Then again, for 3K, as an investor in the vicinity,i would say go for a bigger unit at One Residency next to Istana hotel, you get a 1BR fully furnished unit at 750sqft with Hotel like feel & facilities at 3K or in some desperate cases lower.

AirBnb is great but its allot of hard work to make it a positive yielding investment. The guys who have done well are the short term rentals of 1-3 months vs air bnb 3-4 nights kinda bookings.

Say i agree, can we see where in the world show box units has prospered, outside London, Stockholm, new york or major cities with big international investors and no development land? If we take Singapore as a case study, in this downturn, 2 segments felt the worse hit on yields, showbox and extra large units. Many premium properties were sold below cost in the last 24 months sub sale market in singapore.

Now that the property market has normalized, people actually have enough supply at decent prices, something developers said is not possible before in Singapore. It depends on why you buy, if you are a cash buyer, just buy as likely your cash will appreciate less in the bank then real estate value. But if you are not super cash rich and need to dump 30% cash to book and pay 4.5% interest, you will be more prudent on what segment you buy. So far, the smallest i have gone is the 1BR 650-750Sqft. My current view (based on todays market view and supply), there is no need for someone to go stay in a 400+ sqfr showbox unit as there is ample supply(over supply to a large extent) and yields will stay as such for some time.

I have seen the same behavior recently in Singapore when the property market started to cool off and while i lived in Dubai during the 2009 crash of the property market!