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Investment AIRBNB unfriendly condo, Please help input if you know of those
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TStrust4you
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Oct 25 2018, 08:44 PM, updated 6y ago
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1. Parkhill Residence 2. M City 3. Scenaria 4. Tropicana Avenue 5. Vipod Suite KLCC 6. Tropicana Metro Park (Pandora & Paloma) 7. Damansara Foresta 8. The Reach @ Titiwangsa 9. Setia Sky Residences 10. Irama Wangsa, Wangsa Maju 11. The Haute Gurney 12. KL Traders Square, Jalan Gombak 13. OUG Parklane Block E (orange block) 14. Verve suites
FMT news PETALING JAYA: Although the government has declared that Airbnb is legal, apartment and condominium owners may only rent out their units on the popular app if their management’s bylaws permit it, says a Kuala Lumpur City Hall (DBKL) official.
For some time now, there have been calls for online accommodation service, Airbnb, to be regulated – much like how e-hailing services Uber and Grab are now legislated – with some warning of the safety and security risks posed to neighbours of those renting out their units on a daily basis, though Putrajaya has made its stand on the matter clear last year.
Speaking at a dialogue organised by the Rehda Institute here yesterday, Md Azmi Mohd Shari, a legal officer from DBKL’s valuation and property management department explained a federal government circular pertaining to the use of Airbnb to rent out strata properties.
He said a circular from the urban wellbeing, housing and local government ministry states that in the case of strata properties, a management body’s by-laws will determine whether units in a building can be rented out via Airbnb.
“Residents have to check their apartment or condominium by-laws. If the management allows it then it’s ok, if they don’t, then residents should abide by the relevant by-law on the matter.
“If the building’s by-laws does not allow it, then residents who are aware of neighbours flouting the by-laws, should lodge a complaint with the management,” Azmi said, adding that the management can then impose a fine of up to RM200 on residents who flout the by-laws.
He said that as Airbnb was a relatively new issue, many management bodies had yet to decide on this in their annual general meetings (AGM) or extraordinary general meetings (EGM).
“So it’s up to the management bodies to decide on whether to allow it in their building or not. It must be brought up at their AGM and EGM.
“They must also specify whether the RM200 fine will be issued on a per instance basis, per night and so on.”
Azmi added that if residents of an apartment or condominium complained to DBKL that the issue had yet to be addressed at an AGM or EGM, they could inform DBKL who could then instruct the building management to conduct an EGM on the matter.
Azmi said if the management does not take action according to its own by-laws, then residents can report the management to their local council’s Commissioner of Building, who can then charge the management body’s members in court.
“They risk a fine of up to RM250,000 and a jail term of up to three months.”
Regulation the way forward
For Chris Chan, who owns a condominium near KLCC, the issue isn’t whether Airbnb should be allowed, but rather if it should be regulated.
“Some will say that renting out a unit on Airbnb can lead to security issues, but security issues can also exist without Airbnb,” she told FMT.
“The problem isn’t Airbnb, the problem is security guards and management bodies who don’t do their jobs properly. Even now, outsiders can often gain access to apartments and condominiums if security is lax.”
Chan said that at least with Airbnb, home owners were renting out their units to a person who used their identity card and credit card as cash payments weren’t allowed.
However, she did concede that the way forward was in regulating Airbnb, with the right measures in place to ensure owners declare to the management that they are renting out their units.
“Perhaps every time a Airbnb guest arrives at the property, their proper ID verification should be carried out and the amount of access cards given to guests could be limited,” Chan said.
She added that the owners who are renting out their units must also be contactable by the management or security should any issues arise while their property is being occupied by Airbnb guests.
Managing new regulation
Property expert Ernest Cheong says it would be difficult to manage Airbnb regulation. Property expert Ernest Cheong however, believes that it would be difficult, if at all possible, to manage and monitor the regulation of Airbnb.
“Security in apartments and condominiums is lax enough as it is. Once an owner passes their access card to Airbnb guests, it’ll be difficult for the security guards to monitor and control their movements.
“I fear that Airbnb could be misused for illicit activities and residences end up being treated like vice dens.
“The best thing is to just ban the use of the app outright, adding that some countries have placed restrictions on Airbnb, including barring short term rentals,” Cheong said.
Airbnb, which has gone from a small start-up in 2008 to a company worth some US$30 billion (RM127 billion) has a presence in 191 countries around the world.
In Malaysia, some 11,698 accommodation providers were listed on Airbnb as of April this year.
Airbnb rentals in Malaysia can start from as low as RM44 per room per night to just over RM1,000 for an entire house which can accommodate 10 people or so, with some including facilities like private swimming pools. This post has been edited by trust4you: Oct 5 2020, 04:58 PM
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TStrust4you
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Nov 1 2018, 02:15 PM
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QUOTE(AskarPerang @ Nov 1 2018, 01:18 PM) trust4youCan add to the list places that ban airbnb: - Tropicana Metro Park (Pandora & Paloma) - Damansara Foresta Added, tq
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TStrust4you
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Dec 15 2018, 08:51 AM
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QUOTE(AskarPerang @ Dec 14 2018, 02:49 PM) trust4you to update in ban list: The Reach @ Titiwangsa refer: https://forum.lowyat.net/index.php?showtopi...post&p=91228189 aiyo beautiful place and nice place for airbnb also kena ban. really rugi, price not cheap also for the reach, thanks or da update This post has been edited by trust4you: Dec 15 2018, 08:52 AM
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TStrust4you
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Dec 15 2018, 08:54 AM
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ManutdGiggs boss is DPC of any way airbnb unfriendly?
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TStrust4you
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Dec 15 2018, 03:13 PM
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QUOTE(ManutdGiggs @ Dec 15 2018, 12:11 PM) Onli soho is allowed but not officially too. The rest nope. I think sofiya ppl buy make as investment many may do airbnb later on
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TStrust4you
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Mar 10 2019, 11:04 AM
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QUOTE(AskarPerang @ Feb 25 2019, 01:06 PM) trust4you, to update: The Haute Gurneyautomatic airbnb/homestay/ short term rent ban without any AGM/EGM yet. Apparently Aset Kayamas management team own set up such ban just like in Parkhill Residence, another of their project.  this area also want ban airbnb? lol, not many ppl want to stay here also
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TStrust4you
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Apr 3 2019, 12:09 AM
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QUOTE(AskarPerang @ Apr 2 2019, 11:53 PM) nowadays is all about tax from the gomen. hiaz they just want money only  copy paste becos edgeprop is a shit always delete post "Ministry reviewing laws to regulate Airbnb operators Bernama / Bernama April 01, 2019 22:37 pm +08 -A+A KUALA LUMPUR (April 1): The Tourism, Arts and Culture Ministry is reviewing its policies and laws to regulate the accommodation premises industry, especially unregistered hotel operators and online vacation home rental services. Its Deputy Minister Muhammad Bakhtiar Wan Chik said the policy was important in regulating short-term accommodation activities, besides ensuring collection of taxes. “For example, Airbnb is not registered in Malaysia but in Singapore. When this platform is registered outside (of the country), we cannot collect taxes like Booking.com and Expedia. “So, when they collect commissions from the hotels, they do not go through the real taxation process...so we lose,” he said when winding up the debate on the motion of thanks for the Yang di-Pertuan Agong’s speech for his Ministry at the Dewan Rakyat today. He said they were working together with private agencies to develop a supervisory framework for short-term accommodation. Muhammad Bakhtiar also encouraged operators of accommodation premises to register for handling licences through the Tourism Industry Licensing System (SPIP) until another system was introduced." This post has been edited by trust4you: Apr 3 2019, 12:10 AM
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TStrust4you
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Apr 21 2019, 02:52 PM
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QUOTE(AskarPerang @ Apr 21 2019, 11:37 AM) trust4you newly banned. KL Traders Square, Jalan Gombak Airbnb/homestay/short term rental officially ban over here!!! During yesterday first AGM. sohai KL trader square also ban? sure more GG investors liau dis place
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TStrust4you
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May 26 2019, 06:56 PM
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QUOTE(AskarPerang @ Apr 2 2019, 11:53 PM) updated
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TStrust4you
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May 29 2019, 06:15 PM
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QUOTE(BEANCOUNTER @ May 27 2019, 01:59 PM) Perhaps you need to ask yrself Who are the people that rented out to airbnb operators???? Everybody got too much money to buy investment properties, end up cant find long term tenants, hence rent for short term for max returns. Last time all boh song african lah ME lah... Npw all boh soong airbnb.... Forever boh soong this n that.... I think gov should just ban kau purchasers fhaf are not ownstayers....kautim New airbnb banned or penalty RM200 This post has been edited by trust4you: May 29 2019, 06:26 PM
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TStrust4you
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May 30 2019, 12:00 AM
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QUOTE(BEANCOUNTER @ May 29 2019, 10:11 PM) now Airbnb guests are like criminals..... wanted everywhere.... doesn't matter if the nurse that got killed in cyber is at the hand of long term tenant. have any cases of Airbnb guests committed murder in Malaysia????? who was the Japanese lady that jumped from Trop Gardens? long term tenant. imagine if you go travel to Japan and switzerland and you go to your airbib place to stay and you saw this shit signboard like that. so not welcoming lol..
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TStrust4you
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May 30 2019, 08:18 AM
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QUOTE(luvox @ May 30 2019, 02:04 AM) Japan & switzerland r civilized country, when 75% owners vote to ban airbnb, they dont do airbnb. Not like Malaysia, when 75% vote to ban airbnb, investors die die also wana run homestay business. 😂 So u wont see this sign when stay at airbnb unit there QUOTE(BEANCOUNTER @ May 30 2019, 05:59 AM) you know why japan and Switzerland banned Airbnb????? simple answer these cities don't have enuf accommodation to even cater for local rental market. Many people cant afford to own houses in these cities. but Airbnb is luractive, and many landlords will not think twice to keep their units for Airbnb instead of for long term lease. that's why their gov intervene, but klang valley?????? ample supplies everywhere......Airbnb dirt cheap....and most if not all Airbnb aren't making any return at all.....yet condos or apartments wanna ban Airbnb...… lets me ask you guys one thing - how many of you when you rent out yr property to ah kau ah meow, you will provide the full ID of the tenant to the management office? no rite???? try Airbnb and see......without valid ID you cant rent Airbnb. And if you behave badly, it will be reported in yr report card in airbnb (same goes with the host). Which platform is more secured for the rest of owners in the apartment????? but I do understand if your apartments are full of Airbnb guests, especially those overnighters and 3d2n type..... but isn't this part of apartment living? you don't know who is your neigbours, and how long your neigbours will stay there????? Never heard of japan and switzerland banned airbnb. Went to those two place and stayed in airbnb, everything was pleasant from start to the end. Not to mention classy.
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TStrust4you
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Jul 5 2019, 12:14 PM
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QUOTE(icemanfx @ Jul 5 2019, 10:58 AM) PETALING JAYA: More Malaysians are relying on Airbnb to settle their mortgages given the property overhang that is engulfing the sector. According to an Airbnb survey of more than 2,000 Malaysian hosts and guests, half of the Airbnb hosts said it had helped them pay for their homes while 40% said Airbnb provided a supplementary income for them to make ends meet.Malaysia is Airbnb’s fastest growing country in South-East Asia for the second consecutive year. It saw more than 3.25 million guests in Malaysia over the past 12 months ended July 1, which translated to a 73% increase from the previous period.There are more than 53,000 Airbnb listings in the country. Read more at https://www.thestar.com.my/business/busines...DtoYoA1JWO3T.993.25 million guests spread over 53,000 airbnb mean average 61.3 guests per airbnb unit, also mean majority of airbnb couldn't be profitable. Bosz, paste the whole article, incase nex time like the sin chan paper punya pinnaclye paid them lots of money to remove from website
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TStrust4you
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Jul 7 2019, 12:44 PM
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QUOTE(AskarPerang @ Jul 7 2019, 12:09 AM) Update to the airbnb ban list: 13. OUG Parklane Block E (orange block) updated
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TStrust4you
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Jul 7 2019, 12:46 PM
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QUOTE(Thasmita @ Jul 7 2019, 12:25 PM) The original intention of Airbnb was for actual hosts to rent out their spare rooms for some extra cash. Now it appears that people buy properties with the intention of renting them on short term basis for higher returns. The problem is that in a community living - I.e condo - we need to address the communities feelings towards facing different neighbours every other week. Generally speaking if the guests behave themselves then no one really cares but it is when the guests misbehave that the community the feels disturbed or sometimes threatened. spare room or spare house*
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TStrust4you
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Jul 9 2019, 12:29 AM
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QUOTE(Bjorn1688 @ Jul 9 2019, 12:16 AM) There isn't anything that prevents AirBNB in such places. Well no one cares about what their neighbours do in Bangsar No one has time for neighbours there. No one habe time for nrighbour means wat boss, mind to elebotate to kelefei like me, tak faham..
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TStrust4you
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Oct 2 2019, 12:36 PM
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QUOTE(seancl85 @ Oct 2 2019, 12:36 PM) mind sharing which new VP-ed condos does not allow airbnb? yes la, hamilton trinity aquata, all the lausy ones
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TStrust4you
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Oct 2 2019, 05:53 PM
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QUOTE(seancl85 @ Oct 2 2019, 12:52 PM) oh i ingat those in central Kl punya but thanks for sharing. its ok
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TStrust4you
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Apr 21 2020, 08:55 AM
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QUOTE(heavensea @ Apr 19 2020, 10:33 AM) It's just a gimmick to sell something (shzt) to water fish that listen to another water fish advise and think they aren't water fish. Too many fish in water. I love shzt.
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