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Property Research

Ryan & Miho, Petaling Jaya

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.

RyanMiho

Picture of Ryan & Miho obtained from https://ryanmiho.com.my/

Property Details

Property type

Service Residence

Developer

OSK Property

Land title

Commercial

Land tenure

Leasehold

No. of block(s)

2

No. of units

1,048

Year of completion

2021

Unit types in this article

  • 678 sqft (2🛏️, 2🛁) – From RM550k

  • 818 sqft (3🛏️, 2🛁) – From RM718k

  • 990 sqft (3+1🛏️, 2🛁) – From RM851k

Location

Jalan Universiti, Section 13, 46200 Petaling Jaya, Selangor

Tenant Profile

Students

Students

Professionals

Professionals

Small Families

Small Families

Big Families

Big Families

Location Proximity

Highlight of the area

Set in the matured neighbourhood of Section 13, Petaling Jaya (PJ), residents of Ryan & Miho will feel everything is within reach due to its central location in PJ, albeit this would require their own transportation. For those preferring something closer, Jaya One is situated just beside which residents can walk to using the covered linked bridge. Jaya One is a popular pet-friendly neighbourhood mall which is usually packed on weekend nights for its F&B and bars.

Commercial area

  • Linked bridge to Jaya One
  • Plaza 33

Around the neighbourhood

  • Columbia Asia Hospital
  • Brickfields Asia College, Mahsa University, University Malaya

Accessibility

  • Connected to SPRINT, Damansara-Puchong Highway (LDP) & Federal Highway

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: 678 sqft

2🛏️2🛁 - Selling Price RM550k - Loan Instalment RM1,933/mth

Gross Rental Yield
Unfurnished: 4.4%
Semi-furnished: 4.1%
Fully Furnished: 5.0%

Unit Type: 818 sqft

3🛏️2🛁 - Selling Price RM718k - Loan Instalment RM2,523/mth

Gross Rental Yield
Unfurnished: N/A
Semi-furnished: 4.0%
Fully Furnished: 4.5%

Unit Type: 990 sqft

3+1🛏️2🛁 - Selling Price RM851k - Loan Instalment RM2,990/mth

Gross Rental Yield
Unfurnished: N/A
Semi-furnished: 3.8%
Fully Furnished: 4.4%
RyanMiho

Picture of Ryan & Miho obtained from https://ryanmiho.com.my/

Property Details

Property type

Service Residence

Developer

OSK Property

Land title

Commercial

Land tenure

Leasehold

No. of block(s)

2

No. of units

1,048

Year of completion

2021

Unit types in this article
  • 678 sqft (2🛏️, 2🛁) – From RM550k

  • 818 sqft (3🛏️, 2🛁) – From RM718k

  • 990 sqft (3+1🛏️, 2🛁) – From RM851k

Location

Jalan Universiti, Section 13, 46200 Petaling Jaya, Selangor

Summary

A good rental income strategy generates positive cash flow.

Does the rental income generate positive cash flow?

Choosing to rent out unfurnished units in this development is uncommon. Thus, this shows potential tenants of this residence are expecting some furnishing at the very least. When comparing the semi-furnished to fully-furnished units, the semi-furnished units for all sizes are not able to generate a positive cash flow on average. On the other hand, the fully-furnished units for all types are able to rent out higher than the monthly loan instalment.

Which investment earns you the highest rental yield?

Of the 3 unit types, the fully-furnished 678 sqft unit generates the highest gross rental yield at 5%. The generally accepted market average is around a 5% rental yield. With that being said, the 818 sqft unit which comes with 3 bedrooms may be favourable when targeting tenants with small families. Conversely, the biggest unit of 990 sqft may be more suitable for own stay purpose as the gross rental yield is the lowest among the 3 unit types.

Should you invest in Ryan & Miho?

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.

Hear From Our Property Expert, Sean Tan

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Pictures are of completed makeover units for this development.

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