Month: April 2024

I have one AirBnb property in Genting Highlands. My Airbnb unit is at Windmill Upon Hills near Genting Permai.

When I first invested for Airbnb, I thought I can get good return at least net income of RM1,000 per month after deduction of loan installment, maintenance fee and assessment tax.

But in reality, the return was not that good because there are so many competitors and visitors are seasonal.

Competitors especially AirBnb operators are willing to drop price RM100 per night for one bedroom.

Occupancy

Peak Season

During public holidays, school holidays and if got concert at Genting, they will be lots of booking. It will be full.

Non Peak Season

For non peak, I had experience there is no booking for a month except if you are willing to drop price drastically which I’m not.

Airbnb Income

Average Airbnb income is around RM2,000 per month for 2 bedrooms for price RM250 to RM300 per night. Usually my unit only have booking during weekend for 1 night and no booking for weekdays if non peak season.

Managing Airbnb Unit

Managing Airbnb unit will consume lots of your time vs renting it out outright. If you want to command higher rental, you must maintain good reviews. To maintain good review, you must ensure everything is tip top.

Even myself nearly every month, I will do deep cleaning personally to ensure sparkling cleanliness. You can’t depend on your cleaner. They only clean on the surface only.

Competitions

As you can see, most competitors put price at RM100++ while I’m putting at RM250++. To ensure I can put higher price, I put better amenities and ensure cleanliness is sparkling clean.

There more condominiums coming up at Genting Highlands so it will be tough for everyone.

List of Other Airbnb in Genting Permai

1) Windmill Upon Hills
2) Vista Residences
3) Midhills Genting
4) Geo38

Upcoming Condominiums

1) Genting Xintiandi XTD
2) Antara Genting
3) Geo Antharas
4) Tropicana Grandhills
5) IBN Highlands

Conclusion

If the sales person saying that the rental is very good for Airbnb, please don’t trust them. Even current operators not doing that well.

If you plan to have high return, you should reconsider your investment but if you plan as your vacation home by all means you can buy a property in Genting Highlands.