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Picture of Ryan & Miho obtained from https://ryanmiho.com.my/
Serviced Residence
OSK Property
Commercial
Leasehold
2
1,048
2021
678 sqft (2🛏️ 2🛁) – From RM550k
818 sqft (3🛏️ 2🛁) – From RM718k
990 sqft (3+1🛏️ 2🛁) – From RM851k
Jalan Universiti, Section 13, 46200 Petaling Jaya, Selangor
Students
Professionals
Small Families
Big Families
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.
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.
2🛏️2🛁 - Selling Price RM550k - Loan Instalment RM1,933/mth
| Unfurnished: | 4.4% |
| Semi-furnished: | 4.1% |
| Fully Furnished: | 5.0% |
3🛏️2🛁 - Selling Price RM718k - Loan Instalment RM2,523/mth
| Unfurnished: | N/A |
| Semi-furnished: | 4.0% |
| Fully Furnished: | 4.5% |
3+1🛏️2🛁 - Selling Price RM851k - Loan Instalment RM2,990/mth
| Unfurnished: | N/A |
| Semi-furnished: | 3.8% |
| Fully Furnished: | 4.4% |
Picture of Ryan & Miho obtained from https://ryanmiho.com.my/
Serviced Residence
OSK Property
Commercial
Leasehold
2
1,048
2021
678 sqft (2🛏️ 2🛁) – From RM550k
818 sqft (3🛏️ 2🛁) – From RM718k
990 sqft (3+1🛏️ 2🛁) – From RM851k
Jalan Universiti, Section 13, 46200 Petaling Jaya, Selangor
A good rental income strategy generates 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.
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.
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.
Pictures are of completed makeover units for this development.
