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Damai Apartment is one of the few low cost apartments located within the Tropicana neighbourhood. These homes may not have a very robust looking exterior, but they nevertheless have a full range of facilities in a very affordable apartment.
Although touted to be a good future investment by its sellers, Damai Apartment does not on a very objective level have much of a prospect, as not only are the majority of the tenants of the lower income bracket which might not appeal to buyers of the higher income bracket; its leasehold title is also a drawback to its price appreciation. The rental market is reasonable, but its returns might not justify the cost.
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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 (%) |
---|---|---|---|---|---|
Damai Apartment | 0 |
RM165,000
-
RM370,000
RM 247 psf - RM 343 psf |
RM650 - RM650 | NIL | 2.92 % |
Tropicana Grande | Dec 2012 |
RM1,500,000
-
RM4,600,000
RM 493 psf - RM 7,445 psf |
RM6,000 - RM6,000 | NIL | 4.41 % |
Laman Impian | 2010 |
RM350,000
-
RM1,390,000
RM 387 psf - RM 652 psf |
RM2,600 - RM2,600 | NIL | 4.21 % |
Eastwood Terrace | Aug 2009 | RM610,000 - RM730,000 | RM3,500 - RM3,500 | NIL | 6.27 % |
Beverly Residence | Aug 2008 |
RM52,000
-
RM810,000
RM 38 psf - RM 535 psf |
RM2,000 - RM2,000 | NIL | 5.57 % |
Merchant Square | 2007 | RM535,000 - RM1,100,000 | RM3,500 - RM7,000 | NIL | 7.25 % |
Sri Araville | Oct 2006 | RM370,000 - RM420,000 | RM2,000 - RM2,000 | NIL | 5.44 % |
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 | RM 533 psf | - | - |
1,000 - 1,500 SQ. FT | RM 428 psf | - | - |
1,500 - 2,500 SQ. FT | - | RM 800,000 psf | - |
2,500 - 4,000 SQ. FT | - | RM 2,266,667 psf | - |
4,000 SQ. FT and above | - | RM 4,080,000 psf | - |
Note:
Down Payment (10%) | RM 9,500 |
Loan Amount ( 90 %) | RM 85,500 |
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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