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Picture of Ativo Suites obtained from https://damansaraavenue.com.my/ativosuites/
Serviced Residence
TA Global Berhad
Commercial
Freehold
2
668
Q4 2021
499 sqft (1🛏️ 1🛁)
751 sqft (1+1🛏️ 1🛁)
1,197 sqft (3+1🛏️ 2🛁)
Average Selling Price from
RM530k to RM1.14mil
Persiaran Perdana, Sri Damansara, 52200, Kuala Lumpur.
Professionals
Small Families
Big Families
Ativo Suites is the second residential phase of the Damansara Avenue master plan, featuring 1-to-3 bedrooms and dual key units. This mixed development also features retail, hotel, office towers, sport complex, and a performing arts centre. As for F&B and commercial services, Ativo Plaza will be where most residents get their daily necessities. For easy access, residents may use the walkway which conveniently connects Ativo Suites to Ativo Plaza.
Below is the average rental price based on the type of unit and the furnishing. Data is sourced from PropertyGuru as of August 2022 (actual prices may differ).
Gross rental yield calculation formula = Rent price x 12 months / Selling price
The loan calculation is based on a 3.3% interest rate over 35 years.
The unit selling price is based on the market price at the date of the article.
1🛏️ 1🛁 – RM530k average selling price - Loan Instalment RM1,917/mth
| Unfurnished: | N/A |
| Semi-furnished: | 4.3% |
| Fully Furnished: | 5.0% |
1+1🛏️ 1🛁 – RM775k average selling price - Loan Instalment RM2,802/mth
| Unfurnished: | N/A |
| Semi-furnished: | 3.6% |
| Fully Furnished: | 4.3% |
3+1🛏️ 2🛁 – RM1.14mil average selling price - Loan Instalment RM4,122/mth
| Unfurnished: | N/A |
| Semi-furnished: | 3.7% |
| Fully Furnished: | 5.1% |
Picture of Ativo Suites obtained from https://damansaraavenue.com.my/ativosuites/
Serviced Residence
TA Global Berhad
Commercial
Freehold
2
668
Q4 2021
499 sqft (1🛏️ 1🛁)
751 sqft (1+1🛏️ 1🛁)
1,197 sqft (3+1🛏️ 2🛁)
Average Selling Price from
RM530k to RM1.14mil
Persiaran Perdana, Sri Damansara, 52200, Kuala Lumpur.
A good rental income strategy generates positive cash flow.
The average rental range of a partially furnished 499 sqft studio unit, 751 sqft unit, and a 1197 sqft may not be able to sufficiently cover the monthly instalment. A point to note is that the units were sold with built-in kitchen cabinets with hood and hob provided by the developer. Thus, most of the partially furnished units are referring to this. On the other hand, the rental income of RM2,200 and RM4,800 earned from a fully-furnished 499 sqft studio unit and 1197 sqft unit will adequately cover the monthly instalment. and has a gross rental yield of 5.0% and 5.1% respectively.
Of the 3 unit types researched, the fully-furnished 1,197 sqft unit generates the highest gross rental yield at 5.1%, followed closely by the fully-furnished studio unit at 5.0%. The generally accepted market average is around a 5% rental yield. With that being said, Ativo Suites also features dual key units with a total built up size of 1,498 sqft. This may be suitable for those wanting to rent out and live in at the same time.
In conclusion, there are many factors to consider when choosing the right property for investment. While we calculate and make predictions based on available data, an investor needs to consider the time and effort taken, besides planning for any unforeseen risks when investing. We hope this property review has been informative.
