Singaporeans seek to get the best out of their JB homes

Short-term rental brings in cash, but it can also be a vacation home

Mr Colin Goh and his wife Jessica Loke turned their condo unit at The Meridin in Medini into a lego-themed apartment for rent as their property was near Legoland. They were pleasantly surprised by the attention it got on social media platforms like I
Mr Colin Goh and his wife Jessica Loke turned their condo unit at The Meridin in Medini into a lego-themed apartment for rent as their property was near Legoland. They were pleasantly surprised by the attention it got on social media platforms like Instagram and Facebook. They have also listed their apartment on home-sharing portal Airbnb. PHOTO: COURTESY OF COLIN GOH
New: Gift this subscriber-only story to your friends and family

Like many Singaporeans who bought Malaysian property, Mr Colin Goh wanted to "seize the opportunity to invest in something affordable" and earn passive income through renting out the homes.

But when he got the key to his two-bedroom condominium unit in Medini last year, he was shocked to learn of the "ridiculously low" market rent, he told The Sunday Times.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Sunday Times on November 18, 2018, with the headline Singaporeans seek to get the best out of their JB homes. Subscribe