MENARA BANGSAR, KL
What if I told you there was a property left EMPTY for 1 year, and now has a rental price of RM 5,000? 😱
I met with Max (not real name) around April this year. When we first visited his property, he told me that it was left empty for 1 year because he was unable to get any viewing requests. I was surprised to hear that as Bangsar properties typically do well, especially with the high volume of expats renting in this area.
Upon inspection, I realized that the property was in an aged condition and left unattended. Max wasn't living in West Malaysia and therefore didn’t have the time to refurbish and renovate his unit.
“Could I get this property fixed and rented out?” I thought to myself.
Considering Bangsar has a high rental demand, my proposed strategy to Max was that the correct solution was to give the property a “facelift” - do up the walls and put in new furniture. Even though it took a few rounds of consultation, we eventually agreed that this was the right move forward.
Max’s unit was then refurbished with a budget of approx. RM 35k over the period of 30 working days. After the makeover, Max was very happy with the result (I sent him photos as he was outstation).