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JY Kam (unverified)

kam_chesterprop

About JY Kam

Agency : Chester Properties Sdn. Bhd. ( E(1)1321/1)

Hi,
I am JY Kam, a dedicated and professional Real Estate Negotiator from Chester Properties Sdn. Bhd. with a minimum of 8 years experience in the real estate industry.

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I personally find GRR on hotel suite do still make sense as they are running on daily rated rental , which will be much much higher return than Residential condo which rely on monthly rental .

Maybe i could be wrong but with simple math , a hotel suite unit at 1000psf - 500sf will cost Rm500k . The operator guaranteed an 6% return will need to generate a sales of Rm30k a year which mean the room at 50% occupying rate - the room have to sell Rm166 per night minimum . Anything he charges extra is profit . And i have just browse at agoda and none of the hotel at 4 star and above near PJ or KL is renting Rm166 or below . And all hotel (if doing well ) shall be able to hit 70% occupying rate .

However , i still agreed with Johnson on resell value . Location does matter . Operator as well .

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I agreed with @Billy Law - location come first .. the location determine the rental income and rental increase holding power .And of course the appreciation ..
Some of the up coming areas are great on appreciation but not for rental market . However i personally felt MK still a good rental market ( i bought in MK too :D:D )

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Latest For Rent Ads

For Rent: RM 5,000 (RM 2.28 psf)
Whole Unit
Condominium
2,195 SQ. FT
Semi Furnished
  3 Bedrooms
   4 Bathrooms
For Rent: RM 5,000 (RM 1.99 psf)
Whole Unit
Condominium
2,513 SQ. FT
Semi Furnished
  4 Bedrooms
   4 Bathrooms
For Rent: RM 4,000 (RM 2.25 psf)
Whole Unit
Condominium
1,775 SQ. FT
Semi Furnished
  3 Bedrooms
   3 Bathrooms
View more for rent listings

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JY Kam, https://s3-ap-southeast-1.amazonaws.com/storage.propsocial.com/users/avatars/438/225426_104779786276982_2296574_n.jpg Homepage: Agency: Chester Properties Sdn. Bhd. Property Negotiator My colleague: KC Liew Sky Su Terence Lee