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As with all investments comes risks. This property research article hopes to assist by sourcing and providing information but will not be liable for any losses made.
Picture of M Vertica obtained from http://mvertica.com.my/
Serviced Apartment
Mah Sing Group Berhad
Residential
Leasehold
5
3600
2023
850 sqft (3🛏️2🛁)
1,000 sqft (4🛏️2🛁)
Average Selling Price from
RM484k to RM550k
Jalan Cheras, Cheras, Kuala Lumpur
Professionals
Small Families
Big Families
M Vertica is located within close vicinities of Kuala Lumpur City Centre, making it a popular choice for buyers. The MRT railway line makes travelling to and fro convenient, especially for those working around the city centre. Several schools, such as Taylor's International School and SRJK(C) Nam Kheung, are also located within the area which is a good reflection of the families living here. Children accompanied by their parents would also often be seen at MyTown Shopping Centre and IKEA over the weekends.
Below is the average rental price based on the type of unit and the furnishing. Data is sourced from PropertyGuru as of September 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.
3🛏️2🛁 – RM484k average selling price - Loan Instalment RM1,750/mth
| Unfurnished: | 3.9% |
| Semi-furnished: | 4.5% |
| Fully Furnished: | 5.4% |
4🛏️2🛁 – RM550k average selling price - Loan Instalment RM1,989/mth
| Unfurnished: | 3.8% |
| Semi-furnished: | 4.2% |
| Fully Furnished: | 4.8% |
Picture of M Vertica obtained from http://mvertica.com.my/
Serviced Apartment
Mah Sing Group Berhad
Residential
Leasehold
5
3600
2023
850 sqft (3🛏️2🛁)
1,000 sqft (4🛏️2🛁)
Average Selling Price from
RM484k to RM550k
Jalan Cheras, Cheras, Kuala Lumpur
A good rental income strategy generates positive cash flow.
The average rental range of an unfurnished 850 sqft and 1000 sqft unit is RM1600 and RM1750 respectively and not able to sufficiently cover the monthly instalment. On the other hand, the average rental income of RM2200 earned from a fully-furnished 850 sqft and 1000 sqft unit will adequately cover the monthly instalment. They have a gross rental yield of 5.4% and 4.8% respectively. Moreover, there are currently not many fully furnished units available in the market which also means the competition is relatively lower to rent out.
Of the 2 unit types, the fully-furnished 850 sqft unit generates the highest gross rental yield at 5.8%. The generally accepted market average is around a 5% rental yield. With that being said, the bigger fully-furnished unit of 1000 sqft which comes with 4 bedrooms will be more suitable to target tenants with families. The rental yield for this is at 4.8%. Thus, identifying your preferred target tenant will help you make the correct investment choice for you.
Based on the calculated rental yields, we think M Vertica is a good property for investment. While we calculate and make predictions based on available data, an investor also needs to consider the time and effort taken, the tenant profile suitability and any other unforeseen risks. We hope this property research has been informative.
