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Discover How to Increase Monthly Rental Income For Better Return Through AirBnB

May 23rd, 2019 Comments off

airbnb-freemindworks* Article by Freemind Works *

Since early this year, there are a lot of properties completing and owners getting keys to their units. And many of these owners, do not know what to do with their properties. When their property continue to remain empty for many months, they have resorted to renting it out on short term or in other words, doing it the AirBnB way.

To increase monthly rental income for better returns, click here to know more
>>>http://bit.ly/proptalk19

#1 Better rental yield with daily rental

Let me illustrate.

Let’s say you bought a property at RM450,000 and the monthly rental is RM2,000. However, you wanted higher rental, so you plan to rent it out at a daily rate of RM200. Assuming a 50% occupancy rate, you will receive a monthly income of RM3,000 (RM200 x 15 days).

Instead of the normal rental return of only 5.3%, you can will receive a whooping 8% rental yield with potential positive cash flow.

#2 Challenges of JMB, opportunities or threat?

penang-noairbnbWith so many residential title properties having challenges and resistance form JMB (Joint Management Body), is it an opportunities or threat? It depends. Go visit some of the completed properties and chances are you will see a big signage that screams “No Homestay”. This is a challenge to the landlord and gives an unpleasant experience to your guest.

The demand for homestay or AirBnB has been on the uptrend and increasing but the number of rooms/units available has dropped due to this issue. You will be have great advantage if you are running an AirBnB-able properties where you can cater to this vacuum of increasing room demand, especially on a popular tourist attraction like Penang.

#3 Not all properties and location is AirBnB-able

Just because you have an empty property, does not mean you can easily go into AirBnB. Not all and every property is equal. You may end up spending a lot of money on renovating and furnishing your unit but ended up not able to do short term stay.

Stratified residential properties are not allowed to be rented out on short term (AirBnb).

And not all location will have demand.

There’s a better way to do this.

You are in for a treat, as we will be having an exclusive event, especially for Penang Property Talk readers, for you to discover the right product (AirBnB-able) to operate short term stay (homestay) at an ideal location with great packages (0% Down even for LTV 70%) & rebates awaiting you on the following date:

Date: 26 May 2019 (Sunday)
Time: 2pm (registration starts)
Venue: Northam All Suite Hotel, Penang

As seats are limited, reserve your seat here:
>>>http://bit.ly/proptalk19

#Bonuses:
– An invited speaker will talk on the topic ‘Potential of properties in Penang & 3 Ways How you can increase your rental return’
– Additional cash rebates at this exclusive event

As seats are limited, click here NOW to reserve your seat:
>>>http://bit.ly/proptalk19

– Kaygarn Tan

 

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AFFORDABLE: Relau / Eizo Enterprise Sdn. Bhd.

May 23rd, 2019 1 comment

affordable-by-Eizo-Enterprise

A newly proposed affordable housing by Eizo Enterprise Sdn. Bhd. at Relau. It is located on an approximately 1 acre land along Lebuh Relau 4, next to Relau Sports Complex. Neighboring communities include Relau Vista apartment, Taman Relau Mutiara, Taman Desa Relau, Sentral Green and a few others.

This development will see the construction of a 23-storey apartment building, featuring 118 affordable apartment units with facilities located at ground and 7th level.

The project is still pending for approval. More details to be available upon official launch.

READ MORE ABOUT AFFORDABLE HOUSING:

Project Name : (to be confirmed)
Location : Relau
Property Type : Affordable housing
Tenure: (to be confirmed)
Total Units : 118
Indicative Price : (to be confirmed)
Developer : Eizo Enterprise Sdn. Bhd.

Register your interest here

*By submitting this Form, you hereby agree to our PDPA Consent Clause.
(This information may be used by the developer or their appointed agent to initiate follow-up communications with you on the project.)

Location Map:

 

MUZE @ PICC – Official Grand Launch (25 & 26 May)

May 22nd, 2019 1 comment

You’re invited to experience a New Age Of Global Living right here in Penang.

Hunza Group is getting ready to celebrate the official launch of Muze – PICC’s First Residential Component. Featuring an extensive list of “must-have” facilities, Muze is wrapped in iconic architecture and spots uber modern residential units.

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Secure your unit by placing your booking today and as a token of appreciation, you will even receive a limited edition ChowTaiFook gold coin.

Visit PICC Sales Gallery today to find out more about Muze. Show units are now open for viewing.

Visit http://www.picc-penang.com/ or call 04-6090688 for more information.

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Seberang Perai is now a City

May 20th, 2019 2 comments 中文版
Seberang_Perai_Skyline

Image source: wikipedia.org

Penang will be the only state in Malaysia with all its Local Authorities (PBTs) elevated to city council status.

Penang has two local authorities – the Penang Municipal Council (MPPP) which obtained city council status in 2015, known as the Penang Island City Council (MBPP) and Seberang Perai Municipal Council (MPSP) which has now been upgraded.

Penang Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said the Federal Government had approved the state government’s application to upgrade the MPSP to city council status last week.

“There are 155 local authorities in Malaysia and 13 of them have city council status. MPSP will be the 14th to be upgraded to city council status and the first after the 14th general election,” he told a press conference here today.

He said the official announcement regarding MPSP’s status as a city council would be made after Hari Raya Aidilfitri once the paperwork was completed.

“The state government will have to decide who will be the mayor for the Seberang Perai City Council after the announcement is made,” he added.

Source: Bernama

 

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D’Nonce Technology and OCR team up to develop affordable housing in Penang

May 18th, 2019 No comments

deloft

D’nonce Technology Bhd and OCR Group Bhd are teaming up to develop affordable apartments in Seberang Perai Tengah, Penang, said the latter in a bourse filing today.

OCR’s unit Fajar Simfoni Sdn Bhd (FSSB) has entered into a joint venture with D’nonce’s wholly-owned unit D’nonce Properties Sdn Bhd (DPSB) to develop a 19-storey block housing 281 units of flats and a seven-storey car park podium on 6,774 sq m of land belonging to Tan Than Kau and Tan Tiang Yang.

The project will have a gross development value (GDV) of RM85 million.

Under the agreement, FSSB will build and develop the land into the apartment block at its own cost, while DPSB will deliver the site possession to FSSB.

In total FSSB is to pay DPSB a total of RM12.1 million as part of the agreed returns of the deal.

FSSB is solely entitled to the relevant revenue from the project or sale of apartment units, and its expected profit entitlement is RM10 million.

OCR said the JV presents an opportunity to further capitalise on property development experience and grow its property development segment through direct land acquisitions or ventures with landowners.

OCR non-independent and non-executive director Lim Tech Seng is also an executive director of D’nonce Technology Bhd with a direct interest of 1.046%, as well as a director of DPSB.

OCR closed 1.52% or half a sen higher to 33.5 sen — with 2.61 million shares traded — giving it a market capitalisation of RM108 million.

Meanwhile, shares in D’nonce Technology traded 7.14% or three sen higher at 45 sen — with 233,000 shares changing hands — giving it a market capitalisation of RM113.3 million.

Source: EdgeProp.my

 

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