Get a cost estimation
Property Research

Riana South, Kuala Lumpur

Article published June 2022

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.

Riana-South

Picture of Riana South obtained from PropertyGuru.

Property Details

Property type

Service Apartment

Developer

IJM Land Berhad

Land title

Residential

Land tenure

Leasehold

No. of block(s)

2

No. of units

536

Year of completion

January 2019

Unit types in this article

  • 947 sqft (3πŸ›οΈ+2πŸ›) – From RM610,000

  • 1238 sqft (3πŸ›οΈ+2πŸ›) – From RM790,000

Location

Jalan Mandarina Damai 1, Bukit Mandarina, 56000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

Tenant Profile

Students

Students

Professionals

Professionals

Small Families

Small Families

Big Families

Big Families

Location Proximity

Highlight of the area

Situated within the vicinity of Riana South is an abundance of shopping and eatery hot spots in Cheras, whether it be from the numerous shopping malls or the famous Connaught night market stretching 2km long. Also, enthusiastic hikers will be delighted to know the Bukit Besi hiking trail is just a stone’s throw away.

Commercial area

  • IKON Connaught
  • Cheras Leisure Mall
  • EkoCheras Mall

Around the neighbourhood

  • Bukit Besi
  • Pantai Hospital Cheras
  • Universiti Kebangsaan Malaysia Medical Centre
  • UCSI College

Accessibility

  • MRR2, East-West Link and SUKE highwayΒ 
  • MRT Taman Connaught within 3km

Rental Analysis

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).


Calculation methodology

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.

Unit Type: 947 sqft

3πŸ›οΈ2πŸ› - Selling Price RM610k - Loan Instalment RM2,144/mth

Gross Rental Yield
Unfurnished: N/A
Semi-furnished: 5.9%
Fully Furnished: 6.3%

Unit Type: 1,238 sqft

3πŸ›οΈ2πŸ› - Selling Price RM790k - Loan Instalment RM2,776/mth

Gross Rental Yield
Unfurnished: N/A
Semi-furnished: 3.5%
Fully Furnished: 5.2%
Riana-South

Picture of Riana South obtained from PropertyGuru.

Property Details

Property type

Service Apartment

Developer

IJM Land Berhad

Land title

Residential

Land tenure

Leasehold

No. of block(s)

2

No. of units

536

Year of completion

January 2019

Unit types in this article
  • 947 sqft (3πŸ›οΈ+2πŸ›) – From RM610,000

  • 1238 sqft (3πŸ›οΈ+2πŸ›) – From RM790,000

Location

Jalan Mandarina Damai 1, Bukit Mandarina, 56000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

Summary

A good rental income strategy generates positive cash flow.

Does the rental income generate positive cash flow?

Based on our findings, investors renting out their units have at least some furnishing work done up. Thus, renting out an unfurnished unit is unlikely to attract any potential tenants. Renting out either the semi-furnished or fully-furnished units are able to generate positive cash flow based on the average rental price.

Which investment earns you the highest rental yield?

When comparing the different unit sizes, it appears the fully-furnished 947 sqft generates the highest gross rental yield at 6.3%. The average rental price is also just slightly lower than the rental price for the bigger 1,238 sqft unit. The generally accepted market average is around a 5% rental yield.

Should you invest in Riana South?

One thing to note is that although the bigger 1,238 sqft unit earns a lower rental yield, understanding what potential tenants are looking for may be key in deciding which unit to invest in. 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.

In need of some help? There's us - The Makeover Guys!

Design Themes

Pictures are of completed makeover units for this development.

Naturally Nordic

Surprise Me