Asian Property Review talks to KK Goh, a Singaporean investor, who is very happy with his AirBnb rental returns.
HIGH RETURNS IN PRIME LOCATION
“I have invested in a luxury loft unit located in Bukit Bintang in the heart of Kuala Lumpur some years ago. This unit is listed on AirBnB at RM400 per night (see pictures attached). Due to its central location in Bukit Bintang (only 5 minutes’ walk from Jalan Alor, the famous foodie street), the unit’s occupancy rate could be as high as 95% per month during peak season. This means that the rental collected during peak season is more than RM10,000 per month.
The luxury loft unit is managed by my business partner who is an AirBnB host. The AirBnB host will assist guests to check-in and check-out of the unit. In view of the service rendered, the AirBnB host will profit-share the rental collected on a win-win basis.
Since I bought this unit, the value of the unit has appreciated by more than 50% of its purchase price. Naturally, I am glad that I had invested in a value-for-money property located at a prime location like Bukit Bintang.”