how well are Airbnb / long term rental doing?

rental from 4k onwards until the dual key unit up to 9k rental

If 4k long term rental for smallest unit the ROI not bad… any idea why still got so much unit unsold? Got rental price but no demand? Or supply too many?

too high dense and need to rely on foreign buyers... and alot doesnt look good on this project previously until they saw the rental price now...

left not much, 2 Party holding the balance units now, estimate around 220units (120booked, 100 available units ) mostly left 2rooms or Dual key.

Comparing Core , TRX & Agile BB, psf wise got huge advantage ody, 1400psf compare to 2000psf.

Not sure really only rely on Foreign buyers.

But the sales now mainly are from Local, can say about 70%. some are retirement house / Holiday Home / just back from Oversea
Tiger Bank still can get 1800psf for Valuation now. Can get cash out for some business support.

All Guru, any group buy for purchasing Agile BB , heard around RM1k to 1.1k / per sqft
Thanks

where you heard news of such pricing?

i pun interested if at that pricing now

there is a famous groupbuy group "not hard to find out", manage to snap ard 1.1k psf then last year, tho its not exactly good view

i think there is a couple of agents still selling, price ard 1.3-1.4k psf if not wrong

i presume you mean far capital?

not so good view at 1.1k....doesn't really matter for the good return

not suppose to discuss in lyn forum, but yes

returns are quite good, took a 5 year interest only loan, now monthly rental +ve cashflow too, after 5 years see if any increment then

Not many units left now, mostly taken up already. And the rental rates are very good.

congratulations to you....now already untung about 20% capital appreciation in just 1 year.....

aih...i should have let my ears up earlier.....

This post has been edited by wkc5657: Oct 25 2024, 12:02 PM

If the rental is so good, why so many units on airbnb? Is it because airbnb operators rented the units?

Airbnb are doing lagi better, many tourist renting for short term

From the rate that they charge, I think better off renting out long term if rental is around 5k. If you search in airbnb, there are alots of units in airbnb for agile bukit bintang. Usually units that can easily rent out can hardly find short term rental units in airbnb.

My corporate tenant from Hua Wei (office in TRX) said their accommodation allowance is only RM2500. This is beyond their budget unless they share with colleagues or friends.



This post has been edited by poohpooh: Oct 26 2024, 09:10 AM

I am sales staff for this project, I deal with the airbnb and they did manage to come out with high airbnb returns that I can show you in B&W, unsure why this listing can be so low, many factors like dates, view, design etc I believe.

For Huawei, I think it depends on their ranking too? Higher paid employees or C level executives could have higher allowance for accommodation. But of course, TRX is huge hence we don't just target Huawei employees as long term tenants.

If you want to play safe, would definitely recommend to do long term rental too, as its more stable & still having high demand. And, you don't need to do profit sharing with the airbnb operators

what is the latest price psf now?

Lelong unit sold just now.
Size 592 sf.

From reserve price 649K, sold at 720K.

Good catch?