Luxury Rental Market Softening?
With rising competition in the luxury residential rental business, we constantly have to put our thinking caps on to solve problems for this market segment.
The problem is real in today's rental market. Renters are spoilt for choice, especially so in the luxury market sector, which targets such a niche segment.
Whilst property investors would like to provide what’s necessary to attract tenants from the luxury segment but they find it difficult to balance expenditure vs returns. Furthermore, how can we create spaces which look luxurious at a fraction of the usual cost to help keep investors’ expenditure down?
Here's one of our cost-effective solutions for a luxury property near Pavilion KL. It was tenanted in under a month and fetched a high rental rate despite today's softening luxury market.