There is a new property development in KLCC, opposite the KLCC convention centre that is running on a scheme of 6% GRR for 10 years, if you need more details you can contact me
This is a project located in KLCC, Its a combination of service residence and hotel apartments. both commodities are for sale.
Service Residence -
Sizes from 915 sq ft - 1830 sq ft
starts from level 19 onwards to level 37
own facilities on level 19.
Price from RM1800 psf
sizes from 400+ sq ft
Actual unit. u sign SPA for an actual unit
Prices starts from 2800 psf
Guaranteed Rental Returns (GRR) 6%
Period of GRR is 5+5 years
first 5 years guaranteed at 6%. year 6 to 10, if does not make up to 6%, developer will top up to 6%. however if there is income more than 6%, Purchaser gets to keep the differential sum
Purchaser can sell the unit at any time based on the original SPA
Medium cost to higher end condo ROI do not make sense in the past few years because price has been going up with rental did not.
Lower end high rise yield better ROI however not easy to buy. It often requires under table money to get through the deal. While it looks good on ROI, but the absolute amount you are getting for managing a lower end high rise property is not always a walk in the park.