Hi all Masters / Sifus,

Based on the sampling that I got it from Booking.com, the room rate for 1 room apartment (Superior Apartment), based on Check-In Date: 2 Apr and Check-Out Date: 3 Apr (weekday) is RM360. If I specify it the check-in date on 7 Apr and check-out date on 8 Apr (weekend), the room rate is RM440. Then, I also check out with Fraser Residence, KL, the room rate for a studio unit is RM345 per nite for both 7-8 Apr (weekend) and 2-3 Apr (weekday).

However, there are some of the KLCC properties are charging within RM150 to RM230 per nite. For example, for Vortex Suite, the room rate for a single room apartment suite is only RM159 per nite on 2-3 Apr (weekday) and RM181 per nite on 7-8 Apr (weekend). For Summer Suite, the room rate for studio apartment is only RM192 per nite on 2-3 Apr (weekday) and RM232 per nite on 7-8 Apr (weekend).

Note: i have also found out these sample properties that I do comparison are high in demand based on "few units left" indicator displayed in Booking.com when I search these properties. I think it is still best to follow the industry standard occupancy rate within 65% to 70%.

Correct if I'm wrong, based on this observation, I assume that the the room rate pricing depends on how the hotel operator positions the property (product) in the market. At present, I'm still in the dilemma if I shall invest on Scarletz as I don't know if Scarletz is built to be similar or better than Platinum Suites and/or Fraser Place residence. I hope I can get advice from all masters / sifus and experienced investors.

Cheers

Besides considering the rental market, I also need to consider about resale value if I decide to exit later. Thus, I'm not sure if there is any good return in resale value if I invest sub-sale property. Some agents are telling me that the return of resale value is lower in relative to property purchased from developer. I'm not sure how truth it is from these agents. By the way, the launching price for Summer Suites was starting from RM328K (based on the info from PropSocial with the completion year of 2015) and the current published price (NOT TRANSACTED PRICE) from iProperty is about RM495K for a studio unit wiith the built-up size of 454 sq ft.

Appreciate for your advice too.

Cheers

Thanks for your advice

Thanks for your suggestion

The agent showed me the sales chart that dual key units and 1 bedroom units are completely booked. Studio units (facing KLCC and Bukit Tunku) are only left available. He said the 1-bedroom and dual key units can only be reserved if there is any loan rejection happened.

Based on the knowledge from my own source of information, the average monthly net income for owners is approximately RM2.4k only (excludes maintenance fee, sinking fund, quit rent, IWK, DBKL’s assessment fee, fire insurance which owners still have to pay by themselves). Thus, you can evaluate it yourself if it is worth to engage MyKey to manage the property for you.

I hope others are willing to share the average net monthly income from other operators which can be useful for my knowledge.

This post has been edited by Newbie_Investor: Apr 11 2023, 04:14 PM