Hi everyone, have you guys heard The Place @ Cyberjaya before?
The Place@Cyberjaya is actually right next to Lim Kok Wing University, very high demand. Mostly rent to Lim Kok Wing's student, to be honest, tenants mostly from Middle East & Africa.
There are 2 towers, Tower 1 is Studio Duplex, is around 480 sqf to 538 sqf. Tower 2 is Studio Room, is around 538 sqf to 739 sqf, 3 rooms or 4 rooms type. The students are more comfortable with the unit in Tower 1.
For this project, MCT as project developer, provide all units in Tower 1 semi furnished and fully furnished for Tower 2.
Let me share about the rental return in The Place@Cyberjaya,
Tower 1 Duplex Semi Furnished Market Rental: RM1,400-RM1,600
Tower 1 Duplex Fully Furnished Market Rental: RM1,700-RM2,000
The market selling price: RM350,000
Furnitures cost: RM5,000 (Let's maximise this)
Calculation: (RM1,700 * 12 months) / (RM350,000 + RM5,000)= 5.75%
I think this is consider quite high rental return in Cyberjaya.
Thanks for reading :)