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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 Paraiso Residence obtained from http://www.theearthbukitjalil.com/paraiso.
Condominium
WZR Property Sdn Bhd
Residential
Leasehold
2
764
June 2022
960 sqft (3🛏️2🛁) – From RM499k
1,101 sqft (3🛏️2🛁) – From RM578k
1,226 sqft (3🛏️2🛁) – From RM607k
Jalan Jalil 2, Off Lebuhraya Bukit Jalil, 57000 Bukit Jalil, Kuala Lumpur
Students
Professionals
Small Families
Big Families
Shopping for your groceries and lifestyle needs is convenient for those living in Paraiso Residence. Tenants can directly access the walking bridge to Pavilion Bukit Jalil, a well-known and popular shopping mall brand. Need a breather from the hustle and bustle of the city? Enjoy some of the greenery that Bukit Jalil Recreation Park offers where locals often gather for some leisure exercises.
Below is the average rental price based on the type of unit and the furnishing. Data is sourced from PropertyGuru as of June 2022 (actual prices may differ).
Gross rental yield calculation formula = Rent price x 12 months / Selling price
The loan calculation is based on a 3.1% interest rate over 35 years.
The unit selling price is based on the market price at the date of the article.
3R,2B RM 499k RM 1,750 / mth
| Unfurnished: | 4.1% |
| Semi-furnished: | 4.8% |
| Fully Furnished: | 5.8% |
3R,2B RM 578k RM 2,030 / mth
| Unfurnished: | N/A |
| Semi-furnished: | 4.4% |
| Fully Furnished: | 5.6% |
3R,2B RM 607k RM 2,150 / mth
| Unfurnished: | N/A |
| Semi-furnished: | 4.3% |
| Fully Furnished: | 5.3% |
Picture of Paraiso Residence obtained from http://www.theearthbukitjalil.com/paraiso.
Condominium
WZR Property Sdn Bhd
Residential
Leasehold
2
764
June 2022
960 sqft (3🛏️2🛁) – From RM499k
1,101 sqft (3🛏️2🛁) – From RM578k
1,226 sqft (3🛏️2🛁) – From RM607k
Jalan Jalil 2, Off Lebuhraya Bukit Jalil, 57000 Bukit Jalil, Kuala Lumpur
A good rental income strategy generates positive cash flow.
The rental range of an unfurnished 960 sqft unit is RM1,700 and is not able to sufficiently cover the monthly instalment. Moreover, many of the units are at least partially furnished. Thus, this shows potential tenants of this residence are expecting some furnishing at the very least. On the other hand, the average rental income for the semi-furnished and fully-furnished units is able to cover the monthly loan instalments and generate a positive cash flow.
Of the 3 unit types, the fully-furnished 960 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, all the fully-furnished units are able to obtain a gross rental yield of above 5%. Thus, the choice may come down to the target market’s preference in size.
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.
