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Service condo with Hotel concept?

In 2017, the housing market is expected to continue slow growth, due to concerns about the slowing economy and the ringgit's weak performance, among others. To fight with this phenomena, property developer has been trying their best to introduce better and more creative way to attract buyers and investors. Following is currently a new trend in the property market in Malaysia. Service Condo with Hotel Management system.



First ever in Jelutong, Penang. Price from RM3xxK onwards with 6 stars facilities.



The developer [Aspen Vintage] introduced a new concept for investors/buyers for this project with the theme of "luxurious hotel" , there will be a lobby on the ground floor and it is able to help owners to manage their house for Airbnb purposes (including cleaning, micro-managing the tenants and stuff , with some charging fee of course. But you can still choose to do it yourself. )

Its like you own a hotel room in one big hotel and you get paid every time someone chose to stay in it. Price is per day basis of course. Can you rent out your property as efficient as a hotel rent out its room? Give them a petty charging fee and you will be worry-free about looking for renters.

More benefits of the hotel management styled condo I mentioned?

Future LRT station is within walking distance , great news for tourist looking for homestay location.
Not to mention the Jelutong wet market nearby that would be a heaven for the tourists (homestay people like to cook their own foods)

More attraction points!
- 10% rebate for the total unit price ( which saves you ~40k if you opt for a 400k unit!)
- 6% GST absorbed by the developer = another saving of ~12k
- Free legal fee on loans,stamp duty and SPA signing except MoT = another saving of ~ 5k
- Legal for airbnb/homestay business , which means no saman! Weeeee!

More information in [ Urban Suites ]

W.

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