Wed, 12 Feb 2025
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MoA: Pinstay Plus and Q Avenue: Good Income for VETRO11 Owners
Published on: Tuesday, January 21, 2025
Published on: Tue, Jan 21, 2025
By: Hayati Dzulkifli
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MoA: Pinstay Plus and Q Avenue: Good Income for VETRO11 Owners
(L-R) A group photo of Lion Wong with Anson Ng, Charlie Tang, Wu Hui Xin, Charles Tsao and Lin Xi Qin and others showing scrolls of best wishes, good health and prosperity in the Chinese New Year celebration on Sunday.
Kota Kinabalu: A prominent homestay operator, Pinstay Plus Sdn Bhd, is offering a guaranteed fixed monthly income option to 260 condominium owners of Vetro11.

This initiative is sealed through a Memorandum of Agreement (MoA) signed between Pinstay Plus Sdn Bhd and Vetro11's developer, Q Avenue under ATON Group, on Sunday.

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Pinstay Plus Sdn Bhd's Managing Director, Lion Wong Ing Lieng, stated that the primary objective of this MoA is to establish Pinstay Plus as the Preferred Operator of Vetro11, located next to Queen Elizabeth Hospital (QEH) 1.

“Pinstay Plus has over five years of proven expertise in property management and short-term rentals, managing over 10 buildings with 410 units. We specialize in helping property owners turn their investments into hassle-free, high-performing assets," said Lion Wong.

"Q Avenue has collaborated with us to offer this special package with attractive benefits for the owners," he added.

Lion Wong mentioned this to Daily Express after signing the MoA on behalf of Pinstay Plus, with Q Avenue represented by its Managing Director, Charlie Tang, at the Banyan Valley Sales Gallery.

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“Collaborating with Vetro11's developer, Q Avenue, Pinstay Plus offers this innovative package for the first time, which is more appealing than the profit-sharing models used elsewhere,” said Lion Wong.

Pinstay Plus has introduced two innovative profit models for homestay operators in this area.
  1. Fixed Monthly Income Model: This model sets pricing based on demand for various room types, ensuring a steady and predictable revenue stream for operators. The monthly income varies based on unit types, providing owners with confidence in their investment.
  2. Profit-Sharing Model: This model aligns the interests of homestay operators with Pinstay Plus by sharing a portion of the revenue generated.

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“These flexible and adaptable profit models reflect Pinstay Plus's commitment to supporting local businesses and enhancing Vetro11 as a preferred destination for those seeking a tranquil suburban retreat,” Lion Wong explained. 

He emphasized that the focus is on building the brand and value to instill confidence in long-term commitments from owners. In response to a question, Lion Wong said the target market includes locals who need comfortable accommodations while caring for family members at QEH 1.

This also includes those requiring regular medical reviews and treatments at the hospital.Additionally, business travelers are a key target market, given Vetro11's medium and high-range business suite offerings.

“The Vetro11 is conveniently located, just a five-minute walk from QEH 1, making it an attractive option, especially for those visiting the hospital,” said Lion Wong.He noted that while the primary focus is not on tourists, Pinstay Plus welcomes any interested tourists.

Pinstay Plus will market the Vetro11 units on popular platforms such as AirBnB, Agoda, Zuba, Trip.com, and Booking.com, among others.

“Our AI-powered technology and branding-focused approach ensure the owners’ property units remain competitive in a growing market.

Those interested in engaging with us can contact us at 014- 685 4526 or via email at [email protected] to schedule a consultation,” Lion Wong stated.

Also present at the event were Chairman of CSX Holdings Sdn Bhd, Charles Tsao; Managing Director of CSX Holdings Sdn Bhd, Anson Ng; Managing Director of Aton Group, Charlie Tang; Executive Director of Aton Group, Jin Tang; and VIPs of Aton Group, Lin Xi Qin and Wu Hui Xin.
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