Primely located 5 minutes to the Singapore Immigration checkpoint and 5-8 mins driving distance to Johor Bahru city centre, Ramada Suites at The Straits is set to up the rental game for buyers considering to invest in serviced apartments by offering spacious dual-key units with luxurious furnishing and efficiently structured layouts.
Ramada Suites at The Straits is a low density serviced apartment with 128 units in a 25-storey single tower building. Developed by Sonata Resources Sdn Bhd (South East Asia Landmark), the freehold property will be managed and operated by Ramada Group which is owned by the largest hotel company in the world – Wyndham Group with a guaranteed rental yield of 6% for the first 5 years.
With an excellent location and top-notch management by Ramada, this low density residential enclave is set to be a competitive force in the Johor Bahru rental market. Apart from the ease of access to both the Nusajaya and JB City Centre, the superior quality furnishings and well-managed facilities all contrive to distinguish the Ramada Suites from the others. In addition, the competitive pricing of the units and expected rental revenue look to be the other key factors when buyers are looking for investments with potential capital appreciation and rental income.
While there are no shortage of developments with great investment potential over in Johor Bahru, Ramada Suites at The Straits stands out to investors who are specifically looking for properties with a stable rental income to add to their property portfolio. By offering a well-packaged product to tap into the hospitality accommodation market that is currently gaining stream in Johor, the serviced executive suites component is well poised to offer the full benefits of a well-managed property to both buyers, and the long-term or short-term tenants.
Ramada, part of the global hospitality chain under the Wyndham Group is synonymous with excellent property management expertise with a proven track record of being a consistent, well-performing brand in the hospitality sector. What this means for the end-user and investors is a peace of mind, without the potential headaches and troubles that have plagued some investors managing their rental properties.
With 4-star hotel quality furnishings and fittings bundled in the purchase price and a ready tenant in the form of Ramada, investors can rest easy, without the hassles of outfitting their units and the source for renters, and still expect a steady, potential five to six per cent rental returns on this investment.
Ramada Suites at The Straits is expected to be completed in 2018 and prices start from SGD $240 psf. Prices start from SGD $330,000 for a 1350 square feet type C1 (2 bedroom suites + 1 bedroom suite) with the early bird discount and rebate, ending on 1st August 2015.