WHEN 32-year-old Kit W.L. purchased a few units at The Robertson in Kuala Lumpur in 2016 for investment purposes, she had it in mind to rent out the units, Airbnb style, due to its strategic location.

However, property owners or investors are currently facing difficulties in selling or renting out their properties; particularly high-rise, serviced apartments or small office home office (SoHo) units located in the heart of Kuala Lumpur.

According to the National Property Information Centre, the number of unsold completed residential units – including serviced apartments and SoHos, totalled at 34,532, worth RM22.26bil, for the first quarter of this year.

Should a property owner decide to list his unit on Airbnb, there is then the time-consuming hassle of managing the unit.

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