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Property Research

The Goodwood Residence, Bangsar South

Article published September 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.

The Goodwood Residence

Picture of The Goodwood Residence obtained from https://www.thegoodwood-residence.com/ 

Property Details

Property type

Serviced Apartment

Developer

UOA Group

Land title

Commercial

Land tenure

Leasehold

No. of block(s)

1 Block 2 Wings

No. of units

678

Year of completion

2023

Unit types in this article

  • 969 sqft (3🛏️2🛁)

  • 1,206 sqft (4🛏️3🛁)

  • Average Selling Price from

  • RM840k to RM880k

Location

Jalan Pantai Permai, 59200, Kuala Lumpur

Tenant Profile

Professionals

Professionals

Small Families

Small Families

Expatriates

Expatriates

Big Families

Big Families

Location Proximity

Highlight of the area

Located in Bangsar South, The Goodwood Residence is situated among many commercial outlets and office towers hosting MNCs. Tenants of this residence are likely those working around the area or nearby Bangsar and the KL city centre. However, as the serviced apartment also features bigger sized units, The Goodwood Residence caters to those with small to even big families. Nearby commercial lots such as Nexus and The Sphere feature restaurants and cafes of international cuisines and are targeted to those of the middle to upper income class. The nearest LRT station, LRT KL Gateway-Universiti, is around a kilometer walking distance away.

Commercial area

  • Nexus
  • The Sphere
  • The Vertical

Around the neighbourhood

  • Bukit Gasing Forest Reserve
  • Menara Telekom
  • Mid Valley Megamall

Accessibility

  • About 1km away from Federal Highway
  • About 1km away from LRT KL Gateway-Universiti

Rental Analysis

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).


Calculation methodology

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.

Unit Type: 969

3🛏️2🛁 – RM850k average selling price - Loan Instalment RM3,073/mth

Gross Rental Yield
Unfurnished: N/A
Semi-furnished: 4.8%
Fully Furnished: 5.3%

Unit Type: 1,206

4🛏️3🛁 – RM880k average selling price - Loan Instalment RM3,182/mth

Gross Rental Yield
Unfurnished: N/A
Semi-furnished: 5.0%
Fully Furnished: 5.4%
The Goodwood Residence

Picture of The Goodwood Residence obtained from https://www.thegoodwood-residence.com/ 

Property Details

Property type

Serviced Apartment

Developer

UOA Group

Land title

Commercial

Land tenure

Leasehold

No. of block(s)

1 Block 2 Wings

No. of units

678

Year of completion

2023

Unit types in this article
  • 969 sqft (3🛏️2🛁)

  • 1,206 sqft (4🛏️3🛁)

  • Average Selling Price from

  • RM840k to RM880k

Location

Jalan Pantai Permai, 59200, Kuala Lumpur

Summary

A good rental income strategy generates positive cash flow.

Does the rental income generate positive cash flow?

Both the 969 sqft and 1,206 sqft units in this article when partially furnished have an average rental asking price which is able to cover the monthly instalment. The larger 1,206 sqft when fully-furnished is even able to fetch at RM4,000.

Which investment earns you the highest rental yield?

When fully-furnished, both the two unit types generate a similar rental yield at 5.3% to 5.4%. The generally accepted market average is around a 5% rental yield. Some of the smaller units which come with 3 bedrooms are a dual key unit which allows investors to rent out a single bedroom. When comparing with other residences around the area, there are already units which cater for single working adults. Thus, we would recommend renting The Goodwood Residences as a whole unit to potential tenants with small sized families so as not to compete.

Should you invest in The Goodwood Residence?

Based on the calculated rental yields, we think The Goodwood Residence 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.

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