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Investment Disadvantages of buying serviced residence
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luvox
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Nov 26 2018, 10:16 PM
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QUOTE(reed90 @ Nov 26 2018, 09:07 AM) Is it that much difference for the rates of utility n quit rent for serviced residence and condominiums? Is it worth it to buy serviced residence for own stay? Avoid service apartment for own stay if u can afford other condo. Too many investors and many have intention to run airbnb. Airbnb at not prime location will attract poor quality guests that only searching for low rate unit and ur facilities will have lots of wear n tear, ppl swimming in pool with clothes..
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luvox
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Nov 27 2018, 12:29 PM
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QUOTE(DesRed @ Nov 27 2018, 09:29 AM) To be fair, even those units put up for rental will also attract low quality tenants if the owner doesn't mind renting it out at below market price. A friend of my sister residing in Scenaria recounted bumping into Thai/Viet girls, China dolls and uncivilised Kepong kakis staying there. And this is a condo which banned airbnb. And in Shamelin Star, when I was there a few months after it VP'ed, I noticed a number of people who swam fully clothed in its Olympic-sized swimming pool and I saw low-class folks among the decent ones on the facilities floor itself, which gives the impression that a lot of the owners throw the rental price there. Ya all above problems caused by low quality tenants. Resident title still the best bet for own stay with the hope that majority ownstay owners n have strong n commited jmb to set and enforce house rule. If can afford, landed or luxury low dense condo is the best for ownstay 😂
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