DONE DEAL: Prisma Perdana condominium, Taman Midah, Cheras

Rented for: RM1,300

Concluded by: Darren Chan (REN 08531) of Huttons One World Sdn Bhd (014-320 3566)

When: June 2017

Noteworthy:
● Freehold
● Built-up: 818 sq ft
● Mid-level corner unit
● Fully-furnished unit
● Nearby amenities — restaurants, hypermarket, banks, school, hospital and clinics

Located at Taman Midah in Cheras, Kuala Lumpur, Prisma Perdana condominium comprises two 13-storey residential towers housing 208 units with built-up sizes ranging from 817 sq ft to 820 sq ft.

Taman Midah is an established residential community with completed amenities and public infrastructure. The residential area is situated beside Bandar Tun Razak and Bandar Sri Permaisuri.

According to Darren Chan of Huttons One World, Prisma Perdana enjoys good accessibility with easy connections to the Middle Ring Road 2, Salak Expressway and Cheras-Kajang Highway.

“These are the reasons that attracted buyers and tenants to this area,” he added.

This rental agreement was for a three-year lease at RM1,300 per month.

Chan feels that this was a good deal as tenants will usually only rent for one to two years, but in this case, the tenant who likes the convenience and accessibility of the property and general location decided to sign on for three years.

“For the owner, who purchased the unit for rental return, it is a win-win deal as he secures a reliable tenant offering stable long-term income,” he explained.

According to data from EdgeProp.my, there were seven transactions in Prisma Perdana Condominium with average selling prices ranging between RM353,000 and RM320,000 in 2016. The average selling price is RM408 psf.

Based on nine listings, the average asking monthly rent is RM1,311 or RM1.56 psf, translating into an indicative asking rental yield of about 6% as at Oct 10.

Interested to buy properties in Taman Midah, Cheras? Click here.

Editor: To real estate agents — Have you just concluded an interesting deal? We would love to hear from you! Contact us at [email protected]