Are you guys seeing this in your property portfolio?

The areas are named. It’s all the typical blue chip expat and affluent local areas. They took a big hit during Covid and are heavily reliant on the international market to sustain.

The affordable options for bargain hunters remain thanks to oversupply. If u want cheap units or rooms there’s still plenty around. You just need to hunt and not have too high expectations to score yourself a nice new clean unit with decent facilities.

Cost of living in developed countries are skyrocketing so KL remains a compelling value for money option.

grooming news nieee....

all driven by demand... when economy slumps... so does rentalz... and we are already in/goiing in a technical recession...

better to take care of renters and hope you still have steady income stream than to scare them away with irrational hikes...

I rented the place I stay now during pandemic. Since then for the 2 renewals there has been a hike of 15% each time. 

And you're okay with it?

I rented the place I stay now during pandemic. Since then for the 2 renewals there has been a hike of 15% each time. 

I rented the place I stay now during pandemic. Since then for the 2 renewals there has been a hike of 15% each time. 

Yup, after surveying surrounding market, all are also hiking hence make no sense to move around. More troublesome. I'd say my rate is already quite ok in the area.

Didn’t pandemic prices go down like 30%? Probably just at pre-pandemic levels now. The effort to move and find a new place makes many tenants stay put.

Mind asking how much you paying monthly???

2.2k for a 1+1 room

not bad 

for the owner 

No choice, use money buy convenience lor hehe Pay money to save time ma

That price range and convenience, sounds like Bangsar south, KL central.

Yeah, super convenient location with public transport

Ooh...
If like this, the rate could go 2.5k & above 🤔

Yup, easily 2.7 2.8k for a 2 room unit. Even pantai dalam is requesting 2.2k for a 1+1 room. I better stay put Tried survey some other area like Sentul, 2 room they are quoting me 1.9k. Crazy time.

damn...
Pantai Dalam already hitting 2.2k huh??

last time, few years back I think... can get below 2k 
good old days