The View Condominium, Gelugor — Renovation & Conversion Case Study
RM34,500 renovation · 7-room co-living conversion · RM3,526/month owner net profit · payback in under 10 months.
Starting Condition
The unit had sat vacant for approximately two years prior to renovation — no income, no tenants, and no rental strategy in place. The owner brought MyReno in to convert the layout into something that could generate consistent monthly cash flow.
Scope of Work
Full renovation and conversion into a 7-room co-living layout — including partitioning, electrical work, furnishing and rental-ready fit-out. Handed directly to MyRoom for tenant sourcing and month-to-month management, so the owner had no operational lift after handover.
Watch the Case Study
Source: May 2026 verified monthly statement, as shown in our published case study video.
Investor Outcome (May 2026, Verified)
RM34,500 invested → RM3,526/month owner net (RM42,312/yr) → payback in under 10 months (122.6% annual rent recovery)
- • 6 of 7 rooms currently occupied
- • RM4,450 total monthly rent collection
- • RM3,526/month owner net profit (after 85% owner split, minus internet, TNB electricity and cleaning)
- • RM42,312 annualized net
Verified owner, name withheld.
85% occupancy across our managed portfolio vs Penang's 70% market average.
Sourced from the published case study video — the reason the payback maths on this unit clears comfortably inside a year.
Full-Occupancy Upside
With the 7th room filled, projected owner net rises to approximately RM4,100/month. This is upside, not yet achieved — the numbers above reflect the current 6-of-7 state as of the May 2026 statement.
Gallery
Stills from the embedded case study video are the current source of truth until standalone photography is published.
Frequently Asked Questions
Want the room-by-room management story?
This page covers the renovation and conversion. The tenant sourcing, occupancy and month-to-month management side lives on MyRoom.
See the full room-by-room management story on MyRoom