The Ultimate How-To Guide 6 to 3 Months Rental Kuala Lumpur
When it comes to short term rental Kuala Lumpur, most people would think of settling in hotels or homestays. But as work becomes more mobile, and many companies allow remote working after the pandemic, people are starting to think of moving from cities to cities to experience different cultures. There is a rise in demand for service apartments in KL for monthly rent, or 3 months rental in Kuala Lumpur.
Many landlords in Malaysia have not started embracing monthly apartment rental Kuala Lumpur. It takes education and a platform to help to promote and create a standard for 6 and 3 months rental Kuala Lumpur.
Understanding The Lack of Supply of Service Apartment in KL For Monthly Rent
Property is always behind the consumer trend curve; however, that is changing rapidly now because people realize that an apartment can be time-shared, be it daily, weekly, monthly, or even yearly, ever since the introduction of homestays.
Many platforms offer homestays, hence the mushrooming of short term rental Kuala Lumpur, but they were more acting as a substitute for hotel. It gives consumers a choice to experience a more localized stay or a better value for money for daily to weekly rental. Given the fact that it was geared toward a substitute to the hotel, the rental price is too exorbitant to rent a service apartment in KL for monthly rent.
Without a standard, there lack of an ecosystem around it to support such a niche. Many of the homestays are run by professional operators that manage the checking-in and out, around-the-clock concierge and cleaning services.
For Malaysia rentals long term, they are serviced by property agent, and they hardly deal with monthly rentals because it is not a market that is traditionally serviced by them.
For landlords, they do not want the hassle to handle these chores, and they do not know how to operate it because no standards were created.
SPEEDHOME Creates a Standard For Apartment For Rent In Malaysia Monthly
SPEEDHOME traditionally does annual fully furnished apartment rentals. And we noticed the shift of trend where consumers were requesting for 3 months rental Kuala Lumpur. We saw the underserved market in between the daily and annual fully furnished apartment rentals market.
To build a vibrant ecosystem, SPEEDHOME has started to work with property developers or property investor club who have many units who seek to tap into this under-served market. We bring our expertise in renting, and demand to our landlord base. The key is to set a standard that meets the new renting needs: homestays is too expensive for 3-6 months rental, and bigger space because it is a much longer period – having privacy and room is a necessity.
Apart from that, hotels are often located in prime locations, such as city centers, tourist areas, and near major attractions, which can drive up the cost of the hotel room. Tourists or business travelers would like to maximize the time for leisure or productivity respectively within a short period of stay. Where else 3-6 months rental, that would not be the key consideration; in fact, it is the inverse. People can take their time to explore and travel.
When staying much longer, you are living in an area where you are looking for livability, far from traffic, noise, crowd etc. You seek residential areas that offer more privacy.
Knowing the differences, we decided to find a balance between the model of short term rental Kuala Lumpur and monthly apartment rental Kuala Lumpur. While they sound similar, they are distinctively different needs.
Short term rental Kuala Lumpur would basically be all-inclusive amenities and all sorts of bells and whistles that resemble a hotel. The most glaring difference is in electricity which is factored into the rental with a high-usage assumption. But for typical long-term fully furnished apartment rentals, utility bills are normally paid by the tenant because the electricity usage can be very different. When that is not factored into rental, then the rental can be a lot cheaper.
How Does It Work?
First of all, when finding an apartment for rent in Malaysia monthly, you need to expect that utility bills are borned by you. There will be a smart meter for you to top up credit through an app, it works on a pay-as-you-go model. The more you use, the more you pay, vise versa, the less you use, the less you pay. It is a fair model, and offload the burden of a landlord to forecast how much to factor into the rental.
If you are assigned by the company to work in Kuala Lumpur for 3 months alone, and hence you are looking for 3 months rental Kuala Lumpur – most of the time you would be out working, and only be at the fully furnished apartment rentals at night. The utility bills would be extremely low.
But if you are taking your partner or family as well, and there would be people in the fully furnished apartment rentals most of the time, expect much higher utility bills.
Digital nomad is upcoming and very popular now. Given the fact that Malaysia has one of the cheapest costs of living in the world, many people are taking advantage of moving around Malaysia or South East Asia. Getting a apartment for rent in Malaysia monthly or monthly apartment rental Kuala Lumpur is ideal. Your fully furnished apartment rentals is where you work and live, then the cost of utility bills would increase.
With that, we encourage landlord to install prepaid smart meter in the service apartment in kl for monthly rent because that is the fairest way to move forward.
Renting Monthly Hotel vs Service Apartment?
Hotel monthly rental Kuala Lumpur is ideal if you do not wish to have the hassle, but it can be too small of a space for a longer stay compared to service apartment in KL for monthly rent.
Service apartments typically offer more space than hotel rooms, including separate living areas, bedrooms, and kitchens. Hotel rooms are usually smaller and offer limited space for guests; therefore, service apartment is extremely great for digital nomads and families because it gives you separate space for work and live as well as room for other members respectively. Hotel is more appealing for single and always out working.
Facilities & Amenities
Many service apartment in KL have top-notch facilities as well; they include a sauna, fully-equipped gym room, running track, swimming pool and even tennis court!
On top of that, service apartments are designed for longer stays and therefore offer more amenities such as a fully equipped kitchen, washing machine, and ironing board. Hotels usually offer basic amenities such as a mini-fridge, coffee maker, and hairdryer.
However, hotel excels in service where you don’t have to worry of house or room keeping. Hygiene issues are always well taken care of. Whereas monthly apartment rental Kuala Lumpur would most likely providing weekly upon checking out. But this is a small matter, you could easily request for service provider for house cleaning services. They are relatively affordable, in between $50 – $80 for 4 hours of cleaning.
Overall, service apartments offer more space, privacy, and amenities than hotels, making them a good choice for longer stays. However, hotels may be a better choice for shorter stays or for guests who prefer a wide range of services and amenities.
Hotel Monthly Rental Kuala Lumpur
As discussed earlier, the market is blurring between daily to long term rental Kuala Lumpur. This is especially true since the pandemic has forced many hotel management to explore other options to lease hotel rooms because there were limited travellers to fill up the rooms, and the vacancy rate was high.
Hotel management has warmed up to the idea of a more affordable rate – Hotel monthly rental Kuala Lumpur. With this, it taps into a local community that is seeking a fuss-free living. This is especially convenient for people who need to move to a new vicinity temporarily – be it for projected-based work, a home that is under renovation, an internship or other use cases. This can be an alternative short term rental kl with hotel monthly rental KL.
However, such hotel monthly rental KL is more limited to the budget hotel segment that comes with fewer facilities. The higher-end hotel segment has to maintain its reputation. Hence it’s less open to cheaper monthly rental options, or if it’s offered, it does not offer it publicly.
Other Areas To Consider for Monthly Apartment Rental Kuala Lumpur
It is still in the infancy stage in promoting short term rental KL. There are signs of people warming up to the idea. There are a few areas that you can consider:
Petaling Jaya is a bustling city located in the state of Selangor, Malaysia. There are several reasons why it can be good to live in Petaling Jaya, including:
- Access to amenities: Petaling Jaya is well-known for its shopping malls, restaurants, and entertainment venues. This means that residents have easy access to a wide range of amenities and activities.
- Good public transportation: Petaling Jaya is connected to other major cities in the Klang Valley via a network of public transportation options, including buses and trains. This makes it easy to get around the city and to nearby areas.
- Diverse population: Petaling Jaya is a melting pot of cultures and ethnicities, with a large expat community. This creates a vibrant and diverse community that is welcoming to people from all walks of life.
- Education options: Petaling Jaya has a range of educational institutions, from primary schools to universities. This means that residents have access to quality education options for their children.
- Job opportunities: Petaling Jaya is home to many multinational corporations and businesses, offering residents a variety of job opportunities.
- Green spaces: Despite being a busy city, Petaling Jaya has several parks and green spaces where residents can enjoy nature and outdoor activities.
Overall, Petaling Jaya offers a high standard of living and a diverse community that welcomes people from all backgrounds.
Mont Kiara is a high-end residential area located in Kuala Lumpur, Malaysia. There are several reasons why it can be good to live in Mont Kiara, including:
- Prestigious location: Mont Kiara is known for its affluent and upscale living environment. It is considered one of the most exclusive and sought-after residential areas in Kuala Lumpur.
- International community: Mont Kiara is home to a diverse community of expatriates from various countries, making it a cosmopolitan and multicultural place to live.
- Excellent amenities: Mont Kiara is well-known for its world-class amenities, including high-end shopping malls, top-rated restaurants, international schools, and top-notch medical facilities.
- Convenient location: Mont Kiara is located within close proximity to the city center, making it easy to access all that Kuala Lumpur has to offer. Additionally, it is well-connected to major highways and public transportation, making it easy to travel around the city.
- Greenery and outdoor spaces: Despite being located in the heart of the city, Mont Kiara boasts several parks and green spaces, providing residents with a much-needed respite from the hustle and bustle of urban life.
- High-quality housing: Mont Kiara offers a wide range of high-quality housing options, including luxurious apartments, penthouses, and landed properties. The area is well-known for its modern and well-designed homes, offering residents a comfortable and stylish living environment.
Overall, Mont Kiara offers a luxurious and cosmopolitan lifestyle, with a wide range of amenities, a diverse community, and a convenient location. It is an ideal location for those seeking a high-end living experience in Kuala Lumpur.
Bangsar is a popular residential area located in Kuala Lumpur, Malaysia. There are several reasons why it can be good to live in Bangsar, including:
- Great location: Bangsar is located just a few kilometers from the Kuala Lumpur city center, making it a convenient location for those who work in the city. It is also well-connected to other parts of Kuala Lumpur via major highways and public transportation.
- Excellent amenities: Bangsar is well-known for its excellent amenities, including high-end shopping malls, popular restaurants, and trendy cafes. There are also several medical facilities, schools, and recreational facilities in the area.
- Vibrant community: Bangsar has a vibrant community of residents, with a mix of locals and expatriates from various countries. This creates a diverse and multicultural environment that is welcoming to people from all backgrounds.
- Green spaces: Despite being located in the heart of the city, Bangsar boasts several parks and green spaces. These provide residents with a much-needed respite from the hustle and bustle of urban life.
- Safety and security: Bangsar is considered a safe and secure area to live in. The local authorities are proactive in ensuring the safety and security of residents, with regular patrols and CCTV surveillance.
- Range of housing options: Bangsar offers a range of housing options, from high-rise apartments to landed properties. This means that residents have a wide range of options to choose from, depending on their budget and preferences.
Overall, Bangsar offers a high quality of life, with excellent amenities, a vibrant community, and a convenient location. It is an ideal location for those seeking a comfortable and convenient living environment in Kuala Lumpur.