Nanyang Siang Pau, 28 November 2014 - Potential of renting by Cyperus Apartment is good as it connected with LRT station

28 November 2014

Linked to MRT station, Cyperus serviced apartments potential for renting

Tropicana Corp. Bhd. (TROP, 5401, main market, property) launch Cyperus serviced apartments priced at RM1, 267 per sq. ft.

Fully-furnished in every units

Cyperus is the third block of its Tropicana Gardens serviced apartments. In order to make the serviced apartments more attractive in this market, each unit comes in fully furnished that includes a fridge, cooking hob, oven, washing machine, sofa set, and etc.

Cyperus serviced apartments are linked to mass rapid transit (MRT) station and the area is a good rental market. Hence, it is believed that the apartment will get to attract investors who want to generate immediate rental income from their units.

Tropicana Gardens is an integrated development in Kota Damansara featuring serviced residences, hotel and shopping mall with a Gross Development Value (GDV) of RM3bil.

The types of apartment studios range from 600 sq. ft. to 1,404 sq. ft., including two-bedroom and three-bedroom units while the maintenance fees are 44 sen per sq. ft., including sinking fund.

Over 50 units of Cyperus serviced apartments have been sold at a soft launch.