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Mutiara Residence @ Serdang is an attractive development in Seri Kembangan which sold extremely well for its guaranteed 8% rental returns for 3+3+4 years. The rental income comes from Universiti Putra Malaysia (UPM) students which the university is leasing the apartments for its students.
Spread across 6.69 acres of land, the Gross Development Value (GDV) of this project was a hefty RM116 million as all the units are fully furnished; enabling students to just move in with their suitcases.
Accessibility to Diamond Residence @ Serdang is also a win factor, with the Shah Alam Expressway (KESAS), Sungai Besi Highway, Kuala Lumpur-Seremban Highway and North-South Expressway located nearby.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
Mutiara Residence @ Serdang | 2014 |
RM190,000
-
RM600,000
RM 248 psf - RM 613 psf |
RM500 - RM500 | NIL | 4.86 % |
Univ 360 Place | 2015 |
RM248,000
-
RM780,000
RM 235 psf - RM 663 psf |
RM850 - RM850 | NIL | 3.54 % |
Diamond Square | 2013 | From RM4,200,000 | From RM2,000 | NIL | NIL |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
1,000 - 1,500 SQ. FT | - | - | RM 140 psf |
1,500 - 2,500 SQ. FT | - | - | RM 178 psf |
2,500 - 4,000 SQ. FT | - | RM 296,667 psf | - |
4,000 SQ. FT and above | - | - | - |
Note:
Down Payment (10%) | RM 46,800 |
Loan Amount ( 90 %) | RM 421,200 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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