Renovation cost definitely has gone up but if your unit is partly furnished from developer (Aircon, kitchen) you are definitely "slaughtered" upfront by the Airbnb operators.

Also you bear the crazy wear and tear of the Airbnb activity. You can count after 2-3 years the operators will dump your unit.

How long it is going to take for our fellow landlords to learn that no free lunch in this world and most of these co-living and Airbnb operators just want to slaughter you.